# Exhibit 10.1

THE WARRANTS EVIDENCED BY THIS
CERTIFICATE HAVE BEEN ISSUED OR SOLD IN RELIANCE ON EXEMPTIONS FROM REGISTRATION UNDER THE
SECURITIES ACT OF 1933 AND APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD OR
TRANSFERRED EXCEPT IN A TRANSACTION WHICH IS EXEMPT UNDER SUCH ACT AND STATE LAWS OR
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND STATE LAWS.

# COMMUNITYSOUTH
BANCSHARES, INC.

# STOCK WARRANT AGREEMENT

# __________, 2005

|                                                | 
|----------------------------------------------- | 
|Warrant Holder:  ______________________________ | 

CommunitySouth
Bancshares, Inc. (the Company), a South Carolina corporation and the holding
company for CommunitySouth Bank and Trust (proposed) (the Bank), hereby grants
to the person identified above as the Warrant Holder warrants (the Warrants)
to purchase the number of shares set forth above, representing one share of common stock
for every two shares of common stock purchased by the Warrant Holder in the Companys
initial public offering (provided that the maximum number of shares which may be covered
by this Warrant is 10,000 shares), in consideration of the financial risk associated with
Warrant Holders investment in the Company during its organizational stage and the
time, expertise, and continuing involvement of the Warrant Holder in the management of the
Bank. Such Warrants are granted on the following terms and conditions:

1.   Exercise of Warrants.  All of the shares (the
               Shares) subject to the Warrants granted in this Agreement shall vest
               120 days after the date of the opening of the Bank,
               subject to the Warrant Holders continued service with the Company or the
               Bank as of such date as an executive officer or director. In addition, upon
               death of the Warrant Holder before 120 days of the opening of the
               Bank, all of the Shares subject to the Warrants shall vest immediately. Exercise
               of the Warrants is subject to the following:

| | (a) | Exercise Price. The exercise price (the Exercise
               Price) shall be $10.00 per Share, subject to adjustment pursuant to
               Section 2 below.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b) | Expiration of Warrant Term. The Warrants will expire at
               5:00 p.m. Eastern Standard Time on the tenth anniversary of the opening date of
               the bank (subject to earlier termination in certain circumstances pursuant to
               Section 5 below), and may not be exercised thereafter (the Expiration
               Date).
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c) | Payment. The purchase price for Shares as to which the Warrants
               are being exercised shall be paid in cash, by wire transfer, by certified or
               bank cashiers check, or by personal check drawn on funds on deposit with
               the Bank.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---

| | (d) | Method of Exercise. The Warrants shall be exercisable by a written
               notice delivered to the Chief Executive Officer or Secretary of the Company
               which shall:
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (i) | State the owners election to exercise the Warrants, the number of Shares
                    with respect to which it is being exercised, the person in whose name the stock
                    certificate for such Shares is to be registered, and such persons address
                    and tax identification number (or, if more than one, the names, addresses and
                    tax identification numbers of such persons);
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (ii) | Be signed by the person or persons entitled to exercise the Warrants and, if the
                    Warrants are being exercised by any person or persons other than the original
                    holder thereof, be accompanied by proof satisfactory to counsel for the Bank of
                    the right of such person or persons to exercise the Warrants; and
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iii) | Be accompanied by the originally executed copy of this Stock Warrant Agreement.
| | ----- | -------------------------------------------------------------------------------

| | (e) | Partial Exercise. In the event of a partial exercise of the
               Warrants, the Company shall either issue a new agreement for the balance of the
               Shares subject to this Stock Warrant Agreement after such partial exercise, or
               it shall conspicuously note hereon the date and number of Shares purchased
               pursuant to such exercise and the number of Shares remaining covered by this
               Stock Warrant Agreement.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (f) | Restrictions on Exercise. The Warrants may not be exercised (i) if
               the issuance of the Shares upon such exercise would constitute a violation of
               any applicable federal or state securities or banking laws or other law or
               regulation or (ii) unless the Bank or the holder hereof, as applicable, obtains
               any approval or other clearance which the Bank determines to be necessary or
               advisable from the Federal Reserve Board, the Federal Deposit Insurance
               Corporation or any other state or federal banking regulatory agency with
               regulatory authority over the operation of Company or the Bank (collectively the
               Regulatory Agencies). The Company may require representations and
               warranties from the Warrant Holder as required to comply with applicable laws or
               regulations, including the Securities Act of 1933 and state securities laws.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2.   Anti-Dilution; Merger.  If, prior to the exercise of
               Warrants hereunder, the Company (i) declares, makes or issues, or fixes a record
               date for the determination of holders of common stock entitled to receive, a
               dividend or other distribution payable on the Shares in shares of its capital
               stock, (ii) subdivides the outstanding Shares, (iii) combines the outstanding
               Shares, (iv) issues any shares of its capital stock by reclassification of the
               Shares, capital reorganization or otherwise (including any such reclassification
               or reorganization in connection with a consolidation or merger or and sale of
               all or substantially all of the Companys assets to any person), then the
               Exercise Price, and the number and kind of shares receivable upon exercise, in
               effect at the time of the record date for such dividend or of the effective date
               of such subdivision, combination or reclassification shall be proportionately
               adjusted so that the holder of any Warrant exercised after such time shall be
               entitled to receive the aggregate number and kind of shares which, if such
               Warrant had been exercised immediately prior to such time, he would have owned
               upon such

-2-

---

exercise and been entitled to receive
by virtue of such dividend, distribution, subdivision, combination, reclassification,
reorganization, consideration, merger or sale.

3.   Valid Issuance of Common Stock.  The Company
               possesses the full authority and legal right to issue this Warrant and the
               Shares issuable pursuant to this Warrant. The issuance of this Warrant vests in
               the holder the entire legal and beneficial interests in this Warrant, free and
               clear of any liens, claims, and encumbrances and subject to no legal or
               equitable restrictions of any kind except as described herein. The Shares that
               are issuable upon exercise of this Warrant, when issued, sold and delivered in
               accordance with the terms of this Agreement for the consideration expressed
               herein, will be duly and validly issued, fully paid, and non-assessable, and
               will be free of restrictions on transfer other than restrictions under
               applicable state and federal securities.

4.   Restrictions on Transferability.  This Agreement and the
               Warrants may not be assigned, transferred, pledged, or hypothecated in any way
               (whether by operation of law or otherwise) and shall not be subject to
               execution, attachment, or similar process. Any attempted assignment, transfer,
               pledge, hypothecation, or other disposition of these Warrants contrary to the
               provisions hereof shall be without legal effect. The Shares issuable on exercise
               of the Warrants may not be assigned or transferred by the Warrant Holder unless,
               if so requested by the Company, the Warrant Holder delivers to the Company an
               opinion of counsel in form and substance satisfactory to the Company stating
               that such transfer or assignment is in compliance with the Securities Act of
               1933 and applicable state securities laws.

5.   Mandatory Exercise; Termination.

| | (a) | Warrant Holder shall exercise all of Warrant Holders then exercisable
               Warrants within 90 days of the date that Warrant Holder ceases to serve the
               Company as an executive officer, or director, or the then exercisable Warrants
               shall terminate; provided that such 90 day period shall be extended to one year
               if the cessation of service was a result of the Warrant Holders death or
               disability. In the event the Warrant Holder fails to exercise any of the
               Warrants referred to in this subparagraph within the specified day period, such
               Warrants shall be forfeited.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b) | The Company may be required to increase its capital to meet capital requirements
               imposed by statute, rule, regulation, or guideline. In order to achieve such
               capital increase, the Regulatory Agencies may direct the Company to require the
               Warrant Holders to either (i) exercise all or part of their Warrants or (ii)
               allow the Warrants to be terminated. If the Regulatory Agencies so direct the
               Company, then the Warrant Holder must exercise or forfeit the Warrants as set
               forth below.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c) | When the Company is required to increase its capital as described in subsection
               (b) above, the Company shall send a notice (the Notice) to the
               Warrant Holder (i) specifying the number of Shares relating to the Warrants for
               which the Warrants must be exercised (the Number) (if less than all
               shares relating to warrants held by all holders of warrants of the Company under
               agreements substantially similar to this one are required by the Company to be
               exercised or cancelled, the Number for the Warrant Holder shall reflect a
               proportionate allocation based on the number of Shares subject to this Agreement
               as compared to the total number of shares subject to warrants held by all such
               warrant holders
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

-3-

---

| |  | as a group); (ii) specifying the date prior to which the
               Warrants must be totally or partially exercised, as the case may be (the
               Deadline); and (iii) stating that the failure of the Warrant
               holder to exercise the Warrants shall result in their automatic termination.
| |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d) | If the Warrant Holder does not exercise the Warrants pursuant to the terms of
               the Notice, this Agreement shall be automatically terminated on the Deadline,
               without further act or action by the Warrant Holder or the Company, and the
               Warrant Holder shall deliver this Agreement to the Company for cancellation. If
               the Number is less than the total number of Shares that are then subject to
               exercise under this Agreement, the Company shall issue a new Stock Warrant
               Agreement in compliance with Section 1(e) hereof.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

6.   Covenants of the Company.  During the term of the
               Warrants, the Company shall:

| | (a) | at all times authorize, reserve and keep available, solely for issuance upon
               exercise of this Warrant, sufficient shares of common stock from time to time
               issuable upon exercise of this Warrant;
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b) | on receipt of evidence reasonably satisfactory to the Company of the loss,
               theft, destruction or mutilation of this Warrant and, in the case of loss,
               theft, or destruction, on delivery of any indemnity agreement or bond reasonably
               satisfactory in form and amount to the Company or, in the case of mutilation, on
               surrender and cancellation of this Warrant, at its expense execute and deliver,
               in lieu of this Warrant, a new Warrant of like tenor; and
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c) | on surrender for exchange of this Warrant or any Warrant substituted therefor
               pursuant hereto, properly endorsed, to the Company, at its expense, issue and
               deliver to or on the order of the holder thereof a new Warrant or Warrants of
               like tenor, in the name of such holder, calling in the aggregate on the face or
               faces thereof for the issuances of the number of shares of common stock issuable
               pursuant to the terms of the Warrant or Warrants so surrendered.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

7.   No Dilution or Impairment.  The Company shall not
               amend its Articles of Incorporation or participate in any reorganization,
               transfer of assets, consolidation, merger, dissolution, issuance or sale of
               securities or any other voluntary action for the purpose of avoiding or seeking
               to avoid the observance or performance of any of the terms to be observed or
               performed hereunder by the Company, but will at all times in good faith assist
               in carrying out all such action as may be reasonably necessary in order to
               protect the exercise rights of the holder against improper dilution or other
               impairment.

8.   Amendment.  Neither this Agreement nor the rights
               granted hereunder may be amended, changed or waived except in writing signed by
               each party hereto.

-4-

---

IN
WITNESS WHEREOF, the Company has executed and the holder has accepted this Stock Warrant
Agreement as of the date and year first above written.

| |  | COMMUNITYSOUTH BANCSHARES, INC.By:/s/Chief Executive Offier
| |  | -----------------------------------------------------------

|(CORPORATE SEAL) |  | Attest:/s/Secretary
|---------------- |  | -------------------

| |  | WARRANT HOLDER:By:Signature
| |  | ---------------------------

| |  | Print Name
| |  | ----------

-5-