First National Bancshares Inc Watch

from 10-Q 4 pages First Amendment to Loan Modification and Settlement Agreement

from 10-K 6 pages Loan Modification and Settlement Agreement

from 10-K 2 pages Signature Page First National Bancshares Loan

from 8-K 7 pages State of South Carolina ) ) Loan Agreement County of Spartanburg )

from 8-K 2 pages Ms. Kitty Payne Chief Financial Officer First National Bancshares, Inc. 215 N. Pine Street Spartanburg, Sc 29302 Re: Loan and Stock Pledge Agreement (The "Agreement") Dated December 31, 2007 Between First National Bancshares, Inc. ("Borrower") and Nexity Bank ("Lender"), and a Commercial Promissory Note ("Note") of Even Date in the Original Principal Amount of $15,000,000. Dear Kitty: Covenant Description Value at 9/30/08 Weighted Average Return on Assets Will Be Greater Than or Equal to 0.50% (0.22%) Non-Performing Loans to Total Loans Not to Exceed 2.0% 4.53% Non-Performing Assets to Total Assets Not to Exceed 1.5% 4.72%

from SB-2 ~5 pages Line of Credit Promissory Note