This Agreement ("Escrow Agreement") is made this _____ day of ___________ by and among CNB Bancorp,
Inc. ("Bank"), and COMMUNITY BANKERS' BANK ("Escrow Agent").
Whereas, "Bank" has requested Community Bankers' Bank to serve as escrow agent to invest escrow funds
collected by "Bank" in connection with stock subscriptions sold during the organization of "Bank".
Whereas, Community Bankers' Bank has agreed to serve as escrow agent for those funds.
NOW THEREFORE, in consideration of the above recital, the mutual promises set forth herein and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged the parties agree as
1. ESCROW AGENT DUTIES AND RESPONSIBILITIES: Escrow Agent shall receive checks from CNB
Bancorp, Inc. from time to time and send those checks for collection in the ordinary course of business. The
proceeds of the check shall be invested in U.S. Government Securities (i.e., bills, bonds, and notes, but not
repurchase agreements) ("Escrow Funds"). The funds shall be invested so that interest is earned and paid in
accordance with the procedures prescribed by the underlying investment.
2. INTEREST EARNED: Interest earned on the Escrow Funds shall, for income tax reporting purposes, be
reported to the Internal Revenue Service for the account of CNB Bancorp, Inc. The Address is for CNB
Bancorp, Inc. is as follows: 70 E. Windsor Blvd., Suite B, Windsor, VA 23487. The Taxpayer Identification
Number for CNB Bancorp, Inc. is # 54-2059214.
3. DISBURSEMENT OR DELIVERY OF DEPOSIT: The Escrow Agent shall deliver the Escrow Funds to
"Bank" upon written notification by "Bank" and the Office of the Comptroller of the Currency that said funding
may be released to "Bank". The Escrow Agent shall deliver the funds within 24 hours of receiving said notices. If
no such notices are received by December 31, 2002, then the Escrow Agent shall return the Escrow funds to
"Bank" with interest thereon.
4. LIMITATIONS OF L