0001193125-11-002998 Sample Contracts

STATE OF NORTH CAROLINA COUNTY OF COLUMBUS
Retirement Agreement • January 6th, 2011 • Waccamaw Bankshares Inc • State commercial banks • North Carolina

This Retirement Agreement (“Agreement”) is entered into this 31st day of December, 2010, by and between James G. Graham, a resident of Columbus County, North Carolina (“Graham”), Waccamaw Bankshares, Inc. (“Bankshares”), a North Carolina corporation and Waccamaw Bank (the “Bank”), a North Carolina banking corporation and wholly owned subsidiary of Bankshares.

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INDEPENDENT CONTRACTOR SERVICE AGREEMENT
Independent Contractor Service Agreement • January 6th, 2011 • Waccamaw Bankshares Inc • State commercial banks • North Carolina

THIS INDEPENDENT CONTRACTOR SERVICE AGREEMENT (the “Agreement”), dated as of January 1, 2011, is entered into by and between WACCAMAW BANK (the “Company”), a North Carolina-chartered commercial bank with its principal place of business in Whiteville, North Carolina, and BANK SOLUTIONS, LLC, a North Carolina banking corporation (the “Contractor”) (the Company and the Contractor are sometimes referred to herein, collectively, as the “Parties”).

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