HCSB FINANCIAL CORPORATION OMNIBUS STOCK OWNERSHIP AND LONG TERM INCENTIVE PLAN INCENTIVE STOCK OPTION GRANT AGREEMENTOmnibus Stock Ownership and Long Term Incentive Plan • March 30th, 2005 • HCSB Financial Corp • Finance services • South Carolina
The Compensation Committee of the Board of Directors of HCSB Financial Corporation (the Corporation), acting under authority of the 2004 Omnibus Stock Ownership and Long Term Incentive Plan (the Plan), subject to approval of the Plan by the shareholders of the Corporation, hereby grants to James R. Clarkson (the Optionee) on February 23, 2004 the right to purchase, as an Incentive Stock Option, 4,312 shares of the Corporation’s common stock, at the now current market price of $25.0O, during the next ten years ending February 23, 2014, subject to the terms and conditions described below. The rights described herein are not valid unless signed below by both a duly authorized officer of the Corporation and the Optionee.
