ORGANIZER CONTRIBUTION AGREEMENT
This Agreement is entered into as of __________ 2001, among the Organizers (as defined below) of a proposed
banking association to be located in Windsor, Virginia (the "Bank"), and of CNB Bancorp, LLC (the "LLC"), a
limited liability company formed to acquire real estate on which to construct the headquarters building for Bank.
1. The undersigned organizers of the Bank and LLC, and those who may hereafter join in the execution of this
agreement as additional organizers of the Bank and LLC at the invitation of the original organizers (collectively,
the "Organizers"), have agreed to join together for the purpose of (i) preparing and filing an application with the
U.S. Comptroller of the Currency ("OCC") to organize the Bank; (ii) organizing a holding company for the Bank;
and (iii) organizing the LLC to acquire real property on which to construct the headquarters building for the Bank.
2. The Organizers have agreed among themselves to underwrite the organizational and pre-opening expenses of
the Bank and acquisition cost of the real estate by the LLC, subject to being reimbursed out of the proceeds of
the initial capitalization of the Bank and the holding company.
3. The Organizers desire to divide among themselves responsibility for payment of such expenses in the event the
proposed organization of the Bank is unsuccessful.
STATEMENT OF AGREEMENT
In consideration of the premises, the Organizers hereby agree as follows:
1. Each of the Organizers shall contribute a sum of cash equal to $7,500.00 to an organizational expense fund to
be maintained by a treasurer elected by the Organizers. The treasurer shall be elected by a majority of the votes
cast by the Organizers, with each Organizer casting one vote. From time to time upon receiving at least three
business days' notification from the treasurer, each of the Organizers will promptly contribute additional funds to
the venture for the purpose of paying organizational expenses up to