Exhibit 10.13(a)


 




	
  COASTAL
  CAROLINA BANCSHARES, INC.

  2305
  NORTH OAK STREET

  MYRTLE
  BEACH, SC 29577

  	
   

  	
  SCBT,
  N.A.

  950
  JOHN C. CALHOUN DRIVE

  PO
  BOX 9007

  ORANGEBURG,
  SC 29116-9007

  	
   

  	
   

   

  Line
  of Credit No. 

  Date
  

  	
   

   

  12121547

  04-01-2009

  
	
  BORROWER’S NAME AND ADDRESS

  	
   

  	
  LENDER’S NAME AND ADDRESS

  	
   

  	
  Max.
  Credit Amt. 

  	
  2,000,000.00

  
	
  “I” includes
  each borrower above, jointly and severally.

  	
   

  	
  “You” means the
  lender, its successors and assigns.

  	
   

  	
  Loan
  Ref. No. 

  	
  12121547

  






 


You
have extended to me a line of credit in the AMOUNT of
 TWO MILLION AND NO/100 $
2,000,000.00.You will make loans to me from time to time until 12:00 P.m. on
07-29-2009. Although the line of credit expires on that date, I will remain
obligated to perform all my duties under this agreement so long as I owe you any
money advanced according to the terms of this agreement, as evidenced by any
note or notes I have signed promising to repay these amounts.


 


This
line of credit is an agreement between you and me. It is not intended that any
third party receive any benefit from this agreement, whether by direct payment,
reliance for future payment or in any other manner. This agreement is not a
letter of credit.


 


1.
AMOUNT: This line of credit is:


 


	
  x

  	
   

  	
  OBLIGATORY:
  You may not refuse to make a loan to me under this line of credit unless one
  of the following occurs:

  
	
   

  	
   

  	
  a.
  I have borrowed the maximum amount available to me;

  
	
   

  	
   

  	
  b.
  This line of credit has expired;

  
	
   

  	
   

  	
  c.
  I have defaulted on the note (or notes) which show my indebtedness under this
  line of credit;

  
	
   

  	
   

  	
  d.
  I have violated any term of this line of credit or any note or other
  agreement entered into in connection with this line of credit;

  
	
   

  	
   

  	
  e. 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
                                                                                                                                                                                                      .

  
	
  o

  	
   

  	
  DISCRETIONARY:
  You may refuse to make a loan to me under this line of credit once the
  aggregate outstanding advances equal or exceed                                                                                        $                 .

  
	
   

  	
   

  	
   

  
	
  Subject
  to the obligatory or discretionary limitations above, this line of credit is:

  
	
   

  
	
  x

  	
   

  	
  OPEN-END
  (Business or Agricultural only): I may borrow up to the maximum amount of
  principal more than one time.

  
	
  o

  	
   

  	
  CLOSED-END:
  I may borrow up to the maximum only one time.

  
	
   

  	
   

  	
   

  
	
  2.
  PROMISSORY NOTE: I will repay any advances made according to this
  line of credit agreement as set out in the promissory 

  
	
   

  	
   

  	
  note,
  I signed on 04-01-2009, or any note(s) I sign at a later time which
  represent advances under this agreement. The

  note(s) set(s) out the terms relating to maturity, interest rate,
  repayment and advances. If indicated on the promissory note, the advances
  will be made as follows: IN ACCORDANCE WITH THE TERMS OF THE COMMITMENT
  LETTER DATED 02-29-2008 AND ACCEPTED 03-17-2008.

  
	
   

  	
   

  	
   

  
	
  3. RELATED DOCUMENTS:  The following documents have been signed in
  connection with this line of credit and note(s) entered into in
  accordance with this line of credit:

  
	
   

  
	
   

  	
   

  	
   

  
	
  o

  	
   

  	
  security
  agreement dated

  	
  x

  	
  21
  PERSONAL LIMITED GUARANTY AGREEMENTS OF VARIOUS DATES

  
	
  o

  	
   

  	
  mortgage
  dated

  	
  x

  	
  COMMITMENT
  LETTER DATED 02-29-2008; ACCEPTED 03-17-2008.

  
	
  o

  	
   

  	
  guaranty
  dated

  	
  o

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  4.
  REMEDIES: If I am in default on the note(s) you may:

  
	
  a.

  	
   

  	
  take
  any action as provided in the related documents;

  
	
  b.

  	
   

  	
  without
  notice to me, terminate this line of credit.

  
	
   

  	
   

  	
  By
  selecting any of these remedies you do not give up your right to later use
  any other remedy. By deciding not to use any 

  
	
  remedy
  should I default, you do not waive your right to later consider the event a
  default, if it happens again.

  
	
   

  	
   

  	
   

  
	
  5. COSTS AND FEES: If you hire
  an attorney to enforce this agreement I will pay your reasonable attorney’s
  fees, where permitted by law. I will also pay your court costs and costs of
  collection, where permitted by law.

  
	
   

  	
   

  	
   

  
	
  6. COVENANTS: For as long
  as this line of credit is in effect or I owe you money for advances made in
  accordance with the line of credit, I will do the following:

  
	
  a.

  	
   

  	
  maintain
  books and records of my operations relating to the need for this line of
  credit;

  
	
  b.

  	
   

  	
  permit
  you or any of your representatives to inspect and/or copy these records;

  
	
  c.

  	
   

  	
  provide
  to you any documentation requested by you which support the reason for making
  any advance under this line of credit;

  
	
  d.

  	
   

  	
  permit
  you to make any advance payable to the seller (or seller and me) of any items
  being purchased with that advance;

  
	
  e.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
                                                                                                                                                                                                      .

  
	
  7. NOTICES: All notices
  or other correspondence with me should be sent to my address stated above.
  The notice or correspondence shall be effective when deposited in the mail,
  first class, or delivered to me in person.

  
	
   

  	
   

  	
   

  
	
  8. MISCELLANEOUS: This line of
  credit may not be changed except by a written agreement signed by you and me.
  The law of the state in which you are located will govern this agreement. Any
  term of this agreement which is contrary to applicable law will not be
  effective, unless the law permits you and me to agree to such a variation.

  
	
   

  	
   

  	
   

  
	
  FOR
  THE LENDER

  	
   

  	
  SIGNATURES:
  I AGREE TO THE TERMS OF THIS LINE OF 

  
	
   

  	
   

  	
  CREDIT.
  I HAVE RECEIVED A COPY ON TODAY’S DATE.

  
	
   

  	
   

  	
   

  
	
  /s/ ALEX
  SHUFORD

  	
   

  	
  /s/ HOLLY
  L. SCHREIBER

  
	
  ALEX
  SHUFORD

  	
   

  	
  HOLLY
  L. SCHREIBER, CFO

  
	
   

  	
   

  	
   

  
	
  Title

  	
  EXECUTIVE
  VICE PRESIDENT

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  OF
  COASTAL CAROLINA BANCSHARES, INC.

  
								



 


 


©
1985 BANKERS SYSTEMS, INC., ST. CLOUD, MN 56301 (1-800-397-2341) FORM LCA
5/2/91


 


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