0001193125-08-125725 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • May 30th, 2008 • 1st Financial Services CORP • North Carolina

This EMPLOYMENT AGREEMENT (this “Agreement”) is entered into as of this 21st day of December, 2007, by and between Kirk P. Robinson (the “Executive”) and Mountain 1st Bank & Trust Company, a North Carolina-chartered bank (the “Employer”).

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MOUNTAIN 1ST BANK & TRUST COMPANY ENDORSEMENT SPLIT DOLLAR AGREEMENT
Endorsement Split Dollar Agreement • May 30th, 2008 • 1st Financial Services CORP • North Carolina

This ENDORSEMENT SPLIT DOLLAR AGREEMENT (this “Agreement”) is entered into as of this 24th day of December, 2007, by and between Mountain 1st Bank & Trust Company, a North Carolina-chartered bank (the “Bank”), and Gregory L. Gibson, an executive of the Bank (the “Executive”). This Agreement shall append the Split Dollar Policy Endorsement entered into on even date herewith or as subsequently amended, by and between the aforementioned parties.

SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • May 30th, 2008 • 1st Financial Services CORP • North Carolina

This SALARY CONTINUATION AGREEMENT (this “Agreement”) is entered into as of this 26th day of March, 2008, by and between Mountain 1st Bank & Trust Company, a North Carolina-chartered bank (the “Bank”), and Gregory L. Gibson, its Chief Executive Officer (the “Executive”).

STATE OF NORTH CAROLINA COUNTY OF HENDERSON
Director Stock Option Agreement • May 30th, 2008 • 1st Financial Services CORP • North Carolina

THIS DIRECTOR STOCK OPTION AGREEMENT (the “Agreement”) is made as of this day of , 200 (the “Date of Grant”), by and between MOUNTAIN 1ST BANK & TRUST COMPANY, a North Carolina banking corporation (the “Bank”), and , a resident of County, North Carolina (the “Optionee”).

STATE OF NORTH CAROLINA COUNTY OF
Employee Stock Option Agreement • May 30th, 2008 • 1st Financial Services CORP • North Carolina

THIS EMPLOYEE STOCK OPTION AGREEMENT (the “Agreement”) is made as of the day of , 200 (the “Date of Grant”), by and between MOUNTAIN 1ST BANK & TRUST COMPANY, a North Carolina banking corporation (the “Bank”), and , a resident of County, North Carolina (the “Optionee”).

Contract
1st Financial Services CORP • May 30th, 2008
AGREEMENT AND PLAN OF REORGANIZATION AND SHARE EXCHANGE BY AND BETWEEN MOUNTAIN 1ST BANK & TRUST COMPANY AND 1ST FINANCIAL SERVICES CORPORATION
Agreement and Plan • May 30th, 2008 • 1st Financial Services CORP • North Carolina

THIS AGREEMENT AND PLAN OF REORGANIZATION AND SHARE EXCHANGE (the “Agreement”) is entered into as of the 15th day of May, 2007, by and between MOUNTAIN 1ST BANK & TRUST COMPANY (“Mountain 1st”) and 1ST FINANCIAL SERVICES CORPORATION (the “Corporation”).

SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • May 30th, 2008 • 1st Financial Services CORP • North Carolina

This SALARY CONTINUATION AGREEMENT (this “Agreement”) is entered into as of this 26th day of March, 2008, by and between Mountain 1st Bank & Trust Company, a North Carolina-chartered bank (the “Bank”), and Vincent K. Rees, its President (the “Executive”).

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