0001552781-14-000155 Sample Contracts

CAROLINA FINANCIAL CORPORATION AMENDED AND RESTATED SUPPLEMENTAL EXECUTIVE AGREEMENT
Supplemental Executive Agreement • February 26th, 2014 • Carolina Financial Corp • Savings institution, federally chartered • South Carolina

This Amended and Restated Supplemental Executive Agreement (the “Agreement”) is made effective as of December 24, 2008, by and between Carolina Financial Corporation (the “Company”) and M. J. Huggins, III (the “Executive”) to supplement the amended and restated employment agreement between Executive and Crescent Bank (the “Bank”), a wholly-owned subsidiary of the Company, dated December 24, 2008 (the “Employment Agreement”). Capitalized terms which are not defined herein shall have the same meaning as set forth in the Employment Agreement (and any successor thereto).

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CRESCENT BANK AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • February 26th, 2014 • Carolina Financial Corp • Savings institution, federally chartered • South Carolina

This Amended and Restated Employment Agreement (the "Agreement") is made effective as of December 24, 2008, by and between Crescent Bank, a state chartered stock bank (the "Bank") and David L. Morrow (the "Executive"). Any reference herein to the "Company" shall refer to Carolina Financial Corporation, the stock holding company parent of the Bank.

First Amendment to the Amended and Restated Employment Agreement between CresCom Bank and M. J. Huggins, III
Employment Agreement • February 26th, 2014 • Carolina Financial Corp • Savings institution, federally chartered

WHEREAS, CresCom Bank (the “Bank”) and M. J. Huggins III (the “Executive) are parties to an Amended and Restated Employment Agreement dated as of December 24, 2008 (the “Agreement);

SUBSERVICING AGREEMENT BY AND BETWEEN CENLAR FSB AND CRESCENT MORTAGE COMPANY Dated: January 1, 2004 SUBSERVICING AGREEMENT
Subservicing Agreement • February 26th, 2014 • Carolina Financial Corp • Savings institution, federally chartered • New Jersey

THIS SUBSERVICING AGREEMENT (“Agreement”) is made as of the 1st day of January, 2004 (the “Contract Date”) by and between Crescent Mortgage Company (herein, “Owner/Servicer”), and Cenlar FSB (herein, “Subservicer”).

CAROLINA FINANCIAL CORPORATION EMPLOYMENT AGREEMENT
Carolina Financial Corporation • February 26th, 2014 • Carolina Financial Corp • Savings institution, federally chartered • South Carolina

This Agreement (the “Agreement”) is made effective as of the 1st day of May, 2008 (the “Effective Date”) by and between Carolina Financial Corporation, a South Carolina corporation (the “Company”), and Jerold Lee Rexroad (“Executive”).

First Amendment to the Amended and Restated Employment Agreement between CresCom Bank and David L. Morrow
Employment Agreement • February 26th, 2014 • Carolina Financial Corp • Savings institution, federally chartered

WHEREAS, CresCom Bank (the “Bank”) and David J. Morrow (the “Executive)” are parties to an Amended and Restated Employment Agreement dated as of December 24, 2008 (the “Agreement”);

First Amendment to the Employment Agreement between Carolina Financial Corporation and Jerold Lee Rexroad
Employment Agreement • February 26th, 2014 • Carolina Financial Corp • Savings institution, federally chartered

WHEREAS, Carolina Financial Corporation (the “Company”) and Jerold Lee Rexroad (the “Executive) are parties to Employment Agreement dated as of May 1, 2008 (the “Agreement”);

THIRD AMENDMENT TO SUBSERVICING AGREEMENT
Subservicing Agreement • February 26th, 2014 • Carolina Financial Corp • Savings institution, federally chartered

THIS THIRD AMENDMENT TO SUBSERVICING AGREEMENT (“Third Amendment”) is made as of January 1, 2011 by and between Crescent Mortgage Company (“Owner/Servicer”) and Cenlar FSB (“Subservicer”).

SECOND AMENDMENT TO SUBSERVICING AGREEMENT
Subservicing Agreement • February 26th, 2014 • Carolina Financial Corp • Savings institution, federally chartered

THIS SECOND AMENDMENT TO SUBSERVICING AGREEMENT (“Second Amendment”) dated as of February 1, 2006 by and between Crescent Mortgage Company (“Owner/Servicer”) and Cenlar FSB (“Subservicer”).

FIRST AMENDMENT TO SUBSERVICING AGREEMENT
Subservicing Agreement • February 26th, 2014 • Carolina Financial Corp • Savings institution, federally chartered

THIS FIRST AMENDMENT TO SUBSERVICING AGREEMENT (“First Amendment”) dated as of February 19, 2004 by and between Crescent Mortgage Company (“Owner/Servicer”) and Cenlar FSB (“Subservicer”).

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