SECURITIES PURCHASE AGREEMENT by and between THE UNITED STATES DEPARTMENT OF THE TREASURY and HCSB FINANCIAL CORPORATION Dated as of February 29, 2016Securities Purchase Agreement • March 3rd, 2016 • HCSB Financial Corp • Savings institution, federally chartered • New York
EMPLOYMENT AGREEMENTEmployment Agreement • March 3rd, 2016 • HCSB Financial Corp • Savings institution, federally chartered • South Carolina
THIS EMPLOYMENT AGREEMENT (this “Agreement”) dated as of February 29, 2016, is made by and among HCSB Financial Corporation, a South Carolina corporation (the “Company”), Horry County State Bank, a South Carolina state-chartered commercial bank, which is a wholly owned subsidiary of the Company (the “Bank” and collectively, with the Company, the “Employer”), and Janet H. Hollar, an individual resident of South Carolina (the “Executive”).
CONSULTING AND NONCOMPETE AGREEMENTConsulting and Noncompete Agreement • March 3rd, 2016 • HCSB Financial Corp • Savings institution, federally chartered • South Carolina
THIS CONSULTING AND NONCOMPETE AGREEMENT (this “Agreement”) dated as of February 29, 2016, is made by and among HCSB Financial Corporation, a South Carolina corporation (the “Company”), Horry County State Bank, a South Carolina state-chartered commercial bank, which is a wholly owned subsidiary of the Company (the “Bank” and collectively, with the Company, “HCSB”), and James R. Clarkson, an individual resident of South Carolina.
SECURITIES PURCHASE AGREEMENT Dated as of February 29, 2016 between ALESCO PREFERRED FUNDING VI LTD as Seller and HCSB FINANCIAL CORPORATION as PurchaserSecurities Purchase Agreement • March 3rd, 2016 • HCSB Financial Corp • Savings institution, federally chartered • New York
THIS SECURITIES PURCHASE AGREEMENT (this Agreement), dated as of February 29, 2016, is being executed by ALESCO PREFERRED FUNDING VI LTD. (the Seller), an exempted company incorporated under the laws of the Cayman Islands, and HCSB FINANCIAL CORPORATION (the Purchaser), a South Carolina corporation.
