Exhibit 10.13

COOPERATIVE BANKSHARES, INC.

1998 STOCK OPTION AND INCENTIVE PLAN, AS AMENDED

Stock Option Agreement

FOR
NON-INCENTIVE STOCK OPTIONS

STOCK OPTION (the Option) for a total of shares of Common Stock, par value $1.00 per share, of Cooperative Bankshares, Inc. (the Company) is
hereby granted to (the Optionee) at the price set forth herein, and in all respects subject to the
terms, definitions and provisions of the Cooperative Bankshares, Inc. 1998 Stock Option and Incentive Plan, as amended (the Plan) which has been adopted by the Company and which is incorporated by reference herein, receipt of which is
hereby acknowledged. Such Stock Options do not comply with Options granted under Section 422 of the Internal Revenue Code of 1986, as amended (the Code).



|1. | Exercise Price. The exercise price per share is
$, which equals 100% of the fair market value, as determined by the Committee, of the Common Stock on the date of
grant of this Option.
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|2. | Exercise of Option. This Option shall be exercisable in accordance with the Plan and the following provisions:
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| | (i) | Schedule of rights to exercise. This Option shall be immediately exercisable beginning on the Date of Grant.
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| | (ii) | Method of Exercise. This Option shall be exercisable by a written notice which shall:
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| | (a) | state the election to exercise the Option, the number of shares with respect to which it is being exercised, the person in whose name the stock certificate or certificates for such
shares of Common Stock is to be registered, his address and Social Security Number (or if more than one, the names, addresses and Social Security Numbers of such persons);
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| | (b) | contain such representations and agreements as to the holders investment intent with respect to such shares of Common Stock as may be satisfactory to the Companys
counsel;
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| | (c) | be signed by the person or persons entitled to exercise the Option and, if the Option is being exercised by any person or persons other than the Optionee, be accompanied by proof,
satisfactory to counsel for the Company, of the right of such person or persons to exercise the Option; and
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| | (d) | be in writing and delivered in person or by certified mail to the Treasurer of the Company.
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Payment of the purchase price of any shares with respect to which the Option is being exercised shall be by cash, Common Stock owned for at least six
months, or such combination of cash and Common Stock owned for at least six months as the Optionee elects. The certificate or certificates for shares of Common Stock as to which the Option shall be exercised shall be registered in the name of the
person or persons exercising the Option.



| | (iii) | Restrictions on exercise. The Option may not be exercised if the issuance of the shares upon such exercise would constitute a violation of any applicable federal or state
securities or other law or valid regulation. As a condition to his exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or
regulation.
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|3. | Withholding. The Optionee hereby agrees that the exercise of the Option or any installment thereof will not be effective, and no shares will become transferable to the
Optionee, until the Optionee makes appropriate arrangements with the Company for such tax withholding as may be required of the Company under federal, state, or local law on account of such exercise.
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|4. | Non-transferability of Option. This Option may not be transferred in any manner otherwise than by will or the laws of descent or distribution. The terms of this Option shall
be binding upon the executors, administrators, heirs, successors and assigns of the Optionee. Notwithstanding any other terms of this agreement, to the extent permissible under Rule 16b-3 of the Securities Exchange Act of 1934, as amended, this
Option may be transferred to the Optionees spouse, lineal ascendants, lineal descendants, or to a duly established trust, provided that such transferee shall be permitted to exercise this Option subject to the same terms and conditions
applicable to the Optionee.
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|5. | Term of Option. This Option may not be exercisable for more than ten years from the date of grant of this Option, as set forth below, and may be exercised during such term
only in accordance with the Plan and the terms of this Option.
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|              |  |  |  |                                 |  |                                   
|------------- |  |  |  | ------------------------------- |  | ----------------------------------
|              |  |  |  | COOPERATIVE BANKSHARES, INC.   
|Date of Grant |  |  |  | 1998 STOCK OPTION AND INCENTIVE
|              |  |  |  | PLAN COMMITTEE                 
|              |  |  | 
|              |  |  |  | By:                             |  |                                   
|              |  |  |  |                                 |  | Authorized Member of the Committee
|              |  |  | 
|              |  |  |  | Witness:                        |  |