Common use of Title and Position Clause in Contracts

Title and Position. The first and second sentences of Section 2, “Nature of Employment” are deleted and the following sentences inserted in lieu thereof. “Prior to the Closing as defined in that certain Investment Agreement dated November 3, 2010 among North American Financial Holdings, Inc., CBC and the Bank, Employee shall serve as Executive Vice President and Chief Banking Officer of CBC and the Bank (collectively, the “Corporation”) and shall have such responsibilities and authority as may be reasonably assigned to him by the Corporation. Immediately following such Closing, Employee shall cease to serve as Chief Banking Officer of the Corporation and Executive Vice President of CBC and shall serve as an Executive Vice President of the Bank directly reporting to the new Chief Financial Officer of the Bank and shall have such responsibilities and authority as may be reasonably assigned to him in this position by the new Chief Financial Officer that are commensurate with Employee’s experience and education.”

Title and Position. The first and second sentences of Section 2, “Nature of Employment” are deleted and the following sentences inserted in lieu thereof. “Prior to the Closing as defined in that certain Investment Agreement dated November 3, 2010 among North American Financial Holdings, Inc., CBC and the Bank, Employee shall serve as Executive Vice President and Chief Banking Credit Officer of CBC and the Bank (collectively, the “Corporation”) and shall have such responsibilities and authority as may be reasonably assigned to him by the Corporation. Immediately following such Closing, Employee shall cease to serve as Chief Banking Credit Officer of the Corporation and Executive Vice President of CBC and shall serve as an Executive Vice President of the Bank directly reporting to the new Chief Financial Risk Officer of the Bank and shall have such responsibilities and authority as may be reasonably assigned to him in this position by the new Chief Financial Risk Officer that are commensurate with Employee’s experience and education.”

Title and Position. The first and second sentences of Section 2, “Nature of Employment” are deleted and the following sentences inserted in lieu thereof. “Prior to the Closing as defined in that certain Investment Agreement dated November 3, 2010 among North American Financial Holdings, Inc., CBC and the Bank, Employee shall serve as Executive Vice President and Chief Banking Financial Officer of CBC and the Bank (collectively, the “Corporation”) and shall have such responsibilities and authority as may be reasonably assigned to him by the Corporation. Immediately following such Closing, Employee shall cease to serve as Chief Banking Financial Officer of the Corporation and Executive Vice President of CBC and shall serve as an Executive Vice President of the Bank directly reporting to the new Chief Financial Officer of the Bank and shall have such responsibilities and authority as may be reasonably assigned to him in this position by the new Chief Financial Officer that are commensurate with Employee’s experience and education.”