0001047469-05-004576 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • February 24th, 2005 • Independence Bancshares, Inc. • National commercial banks • South Carolina

THIS EMPLOYMENT AGREEMENT (this "Agreement") dated as of January 10, 2005, is made by and between Independence Bancshares, Inc., a South Carolina corporation (the "Company"), which will be the holding company for Independence National Bank (Proposed), a proposed national bank (the "Bank"), and Schaefer M. Carpenter, an individual resident of South Carolina (the "Executive").

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INDEPENDENCE BANCSHARES, INC. STOCK WARRANT AGREEMENT
Independence Bancshares, Inc. • February 24th, 2005 • National commercial banks
INDEPENDENCE BANCSHARES, INC. 2,500,000 Shares of Common Stock ($0.01 par value) SELLING AGENCY AGREEMENT
Selling Agency Agreement • February 24th, 2005 • Independence Bancshares, Inc. • National commercial banks • South Carolina
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