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<title>form S-8</title>



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<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">&nbsp;</font></b></p>

<p style='mso-style-link:"Header Char";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
UNITED
STATES</b></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
SECURITIES
AND EXCHANGE COMMISSION</b></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">WASHINGTON, DC&nbsp; 20549</font></b></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:4.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">________________</font></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-top:4.0pt;text-align:center; margin-left:0in; margin-right:0in'><b>
FORM S-8</b></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-top:4.0pt;text-align:center; margin-left:0in; margin-right:0in'><b>
&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
REGISTRATION
STATEMENT UNDER THE SECURITIES ACT OF 1933</b></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:4.0pt;text-align:center;
line-height:150%; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">________________</font></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b><u>
<font size="4">SOUTHERN FIRST BANCSHARES, INC.</font></u></b><font size="4">
</font> </p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">(Exact name of registrant as specified in its charter)</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-size: 11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;South Carolina&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font> <u><font style="font-size: 11pt">58-2459561</font></u></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp; (State or other jurisdiction of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (I.R.S.
Employer</font></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font style="font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; incorporation
or organization)&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Identification
Number)</font></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font> </p>

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<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-size: 11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 Verdae Boulevard&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font> </p>

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<font style="font-size: 11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Greenville, South Carolina</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font> <u><font style="font-size: 11pt">29607</font></u></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font style="font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Address of Principal Executive Offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Zip
Code)</font></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in' align="center">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font> </p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><u>
<font style="font-size: 11pt">2010 Southern First Bancshares, Inc. Stock Incentive Plan</font></u></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center;line-height:150%; margin-left:0in; margin-right:0in; margin-top:0in'>
<font style="font-size: 9pt">(Full title of the plan)</font></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman";margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font style="font-size: 11pt">R. Arthur Seaver, Jr.</font></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman";margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font style="font-size: 11pt">Chief Executive Officer</font></p>

<p style="font-family: Times New Roman; text-align: center; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">
<font style="font-size: 11pt">100 Verdae Boulevard</font></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman";margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><u>
<font style="font-size: 11pt">Greenville, South Carolina 29607</font></u></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font style="font-size: 9pt">(Name and address of agent for service)</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:center'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><u>
<font style="font-size: 11pt">(864) 679-9000</font></u></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font style="font-size: 9pt">(Telephone number, including area code, of agent for service)</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:center'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font style="font-size: 9pt">Copies of all communications, including communications sent to agent
for service, should be sent to:</font></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font style="font-size: 9pt">John M. Jennings</font></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font style="font-size: 9pt">Nelson Mullins Riley &amp; Scarborough LLP</font></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font style="font-size: 9pt">104 South Main Street, Suite 900</font></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font style="font-size: 9pt">Greenville, South Carolina 29601</font></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font style="font-size: 9pt">(864) 250-2300</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:center'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>
<font style="font-size: 9pt">Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company.&nbsp; See the definitions of &#147;large accelerated filer,&#148;
&#147;accelerated filer,&#148; and &#147;smaller reporting company&#148; in Rule 12b-2 of the
Exchange Act.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Courier;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font face="Times New Roman" style="font-size: 9pt">Large accelerated filer&nbsp;&nbsp;&nbsp;&nbsp;
</font><font style="font-size: 9pt">&nbsp;&nbsp;
</font><font face="Wingdings" size="2">o</font><font style="font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<font face="Times New Roman">Accelerated
filer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>&nbsp;&nbsp;&nbsp;
</font>
	<font size="2">&nbsp;<font face="Wingdings">o</font></font></p>

<p style='margin-bottom:.0001pt;font-family:Courier;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font face="Times New Roman" style="font-size: 9pt">Non-accelerated filer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-size: 9pt">&nbsp;
</font>
	<font size="2">&nbsp;<font face="Wingdings">o</font></font><font style="font-size: 9pt">
<font face="Times New Roman">(Do not
check if a smaller reporting company)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; Smaller reporting company</font>&nbsp;&nbsp;
</font><font face="Wingdings" style="font-size: 9pt">&#253;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font style="font-size: 9pt">CALCULATION OF REGISTRATION FEE</font></b></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font style="font-size: 9pt">&nbsp;</font></b></p>

<div align="center">

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:6.0pt;border-collapse:collapse'>
 <tr>
  <td width=156 valign=bottom style='width:117.0pt;border:none;border-top:double windowtext 2.25pt;
  padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font style="font-size: 9pt">&nbsp;&nbsp;&nbsp; Title
  of securities</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font style="font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp; to
  be registered</font></b></p>
  </td>
  <td width=96 valign=bottom style='width:1.0in;border-top:double windowtext 2.25pt;
  border-left:solid windowtext 1.0pt;border-bottom:none;border-right:none;
  padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font style="font-size: 9pt">Amount to be</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font style="font-size: 9pt">Registered </font><sup>
	<font style="font-size: 9pt">(1)</font></sup></b></p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border-top:double windowtext 2.25pt;
  border-left:solid windowtext 1.0pt;border-bottom:none;border-right:none;
  padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font style="font-size: 9pt">Proposed
  maximum</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font style="font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; offering
  price</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font style="font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; per
  share</font><sup><font style="font-size: 9pt">(2)</font></sup></b></p>
  </td>
  <td width=120 valign=bottom style='width:1.25in;border-top:double windowtext 2.25pt;
  border-left:solid windowtext 1.0pt;border-bottom:none;border-right:none;
  padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font style="font-size: 9pt">Proposed
  maximum</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font style="font-size: 9pt">&nbsp; aggregate
  offering</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font style="font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; price
  </font>
  </b></p>
  </td>
  <td width=114 valign=bottom style='width:85.5pt;border-top:double windowtext 2.25pt;
  border-left:solid windowtext 1.0pt;border-bottom:none;border-right:none;
  padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font style="font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amount
  of</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font style="font-size: 9pt">&nbsp; registration
  fee</font><sup><font style="font-size: 9pt">(2)</font></sup></b></p>
  </td>
 </tr>
 <tr>
  <td width=156 valign=top style='width:117.0pt;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-top:4.5pt;margin-right:0in;margin-bottom:
  2.7pt;margin-left:0in;line-height:80%'><font style="font-size: 9pt">Common Stock, par
  value $0.01 per share</font></p>
  </td>
  <td width=96 valign=top style='width:1.0in;border:solid windowtext 1.0pt;
  border-right:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-top:4.5pt;margin-right:0in;
  margin-bottom:2.7pt;margin-left:0in;text-align:center;line-height:80%'>
	<font style="font-size: 9pt">335,000</font></p>
  </td>
  <td width=126 valign=top style='width:94.5pt;border:solid windowtext 1.0pt;
  border-right:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-top:4.5pt;margin-right:0in;
  margin-bottom:2.7pt;margin-left:0in;text-align:center;line-height:80%'>
	<font style="font-size: 9pt">$6.31</font></p>
  </td>
  <td width=120 valign=top style='width:1.25in;border:solid windowtext 1.0pt;
  border-right:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-top:4.5pt;margin-right:0in;
  margin-bottom:2.7pt;margin-left:0in;text-align:center;line-height:80%'>
	<font style="font-size: 9pt">$2,113,850</font></p>
  </td>
  <td width=114 valign=top style='width:85.5pt;border:solid windowtext 1.0pt;
  border-right:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-top:4.5pt;margin-right:0in;
  margin-bottom:2.7pt;margin-left:0in;text-align:center;line-height:80%'>
	<font style="font-size: 9pt">$151</font></p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:80%'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:18.7pt;text-align:justify;text-indent:
-18.7pt;line-height:87%; margin-right:0in; margin-top:0in'>
<font style="font-size: 9pt">(1)&nbsp;&nbsp;&nbsp; Pursuant to Rule 416 under the
Securities Act of 1933, as amended, this Registration Statement shall also
cover any additional shares of common stock which become issuable under the
above-named plan by reason of any stock dividend, stock split, recapitalization
or any other similar transaction effected without the receipt of consideration
which results in an increase in the number of our outstanding shares of common
stock.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify;line-height:87%'>&nbsp;</p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:18.7pt;
margin-bottom:.0001pt;text-indent:-18.7pt'><font style="font-size: 9pt">(2)&nbsp;&nbsp;&nbsp; Estimated
pursuant to Rule 457(h) solely for purposes of calculating the aggregate
offering price and the amount of the registration fee based upon the average of
the high and low prices reported on the Nasdaq Global Market on August 9,
2010.&nbsp; [This date must be within 5 days of filing the Form S-8.]&nbsp;&nbsp; </font></p>

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<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

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</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

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<font size="2">PART I </font></b></p>

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<font size="2">&nbsp;</font></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman";margin-bottom:.0001pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS </font></b></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman";margin-bottom:.0001pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;</font></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman";margin-bottom:.0001pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">Item 1.&nbsp; Plan Information.* </font></b></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman";margin-bottom:.0001pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;</font></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman";margin-bottom:.0001pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">Item 2.&nbsp; Registrant Information and Employee Plan
Annual Information.* </font></b></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman";margin-bottom:.0001pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;</font></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman";margin-bottom:.0001pt;text-align:justify;text-indent:24.5pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">*The documents containing the information specified in
Part I will be delivered in accordance with Rule 428(b)(1) under the Securities
Act of 1933, as amended (the &#147;Securities Act&#148;).&nbsp; Such documents are not
required to be, and are not, filed with the Securities and Exchange Commission
(the &#147;Commission&#148;), either as part of this Registration Statement or as
prospectuses or prospectus supplements pursuant to Rule 424 under the
Securities Act.&nbsp; These documents, and the documents incorporated by reference
in this Registration Statement pursuant to Item 3 of Part II of this Form S-8,
taken together, constitute a prospectus that meets the requirements of Section
10(a) of the Securities Act. </font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify;line-height:87%'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify;line-height:87%'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify;line-height:87%; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">PART
II</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='mso-style-link:"Heading 9 Char";margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-family:"CG Times";letter-spacing:-.15pt;font-weight:bold;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
<font face="Times New Roman" size="2">INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">Item 3</font></b><font size="2">.&nbsp; </font> <b>
<font size="2">Incorporation of Documents by Reference.</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
following documents, which have been filed by Southern First Bancshares, Inc.
(the &#147;Company&#148;) with the Commission, are incorporated in this Registration
Statement by reference:</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='mso-style-link:"Body Text Indent Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-family:"CG Times";letter-spacing:-.15pt;margin-left:.75in;text-indent:-.25in;
layout-grid-mode:char'><font face="Times New Roman" size="2"><a name="OLE_LINK2"></a><a name="OLE_LINK1">(a)&nbsp;&nbsp;&nbsp;
The Company&#146;s
Annual Report on Form 10-K for the fiscal year ended December 31, 2009 filed on
March 2, 2010, as amended on Form 10-K/A filed on March 9, 2010; </a></font></p>

<p style='mso-style-link:"Body Text Indent Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-size:11.0pt;font-family:"CG Times";letter-spacing:-.15pt;margin-left:.5in;text-indent:0in'>&nbsp;</p>

<p style='mso-style-link:"Body Text Indent Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-family:"CG Times";letter-spacing:-.15pt;margin-left:56.1pt;text-indent:-20.1pt'>
<font face="Times New Roman" size="2">(b)&nbsp; The Company&#146;s Quarterly
Report on Form 10-Q for the period ended March 31, 2010 filed on April 30,
2010; </font> </p>

<p style='mso-style-link:"Body Text Indent Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-size:11.0pt;font-family:"CG Times";letter-spacing:-.15pt;margin-left:56.1pt;text-indent:-20.1pt'>&nbsp;</p>

<p style='mso-style-link:"Body Text Indent Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-family:"CG Times";letter-spacing:-.15pt;margin-left:56.1pt;text-indent:-20.1pt'>
<font face="Times New Roman" size="2">(c)&nbsp;&nbsp; The Company&#146;s Current
Reports on Form 8-K filed on May 19, 2010, and June 14, 2010;</font></p>

<p style='mso-style-link:"Body Text Indent Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-size:11.0pt;font-family:"CG Times";letter-spacing:-.15pt;margin-left:56.1pt;text-indent:-20.1pt'>&nbsp;</p>

<p style='mso-style-link:"Body Text Indent Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-family:"CG Times";letter-spacing:-.15pt;margin-left:56.1pt;text-indent:-20.1pt'>
<font face="Times New Roman" size="2">(d)&nbsp; The description of the
Company&#146;s capital stock contained in the Company&#146;s Registration Statement on
the 424(B)(4) prospectus filed on September 22, 2004, including any amendment
or report filed for the purpose of updating such description. </font> </p>

<p style='mso-style-link:"Body Text Indent Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-size:11.0pt;font-family:"CG Times";letter-spacing:-.15pt;margin-left:0in;text-indent:0in'>&nbsp;</p>

<p style='mso-style-link:"Body Text Indent Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-family:"CG Times";letter-spacing:-.15pt;margin-left:0in;text-indent:0in'>
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All documents
subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Securities Exchange Act of 1934, prior to the filing of a
post-effective amendment which indicates that all securities offered hereby
have been sold or which deregisters all securities then remaining unsold, shall
be deemed to be incorporated by reference herein and to be a part hereof from
the date of filing of such documents.</font></p>

<p style='mso-style-link:"Body Text Indent Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-size:11.0pt;font-family:"CG Times";letter-spacing:-.15pt;margin-left:0in;text-indent:0in'>&nbsp;</p>

<p style='mso-style-link:"Body Text Indent Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-family:"CG Times";letter-spacing:-.15pt;margin-left:0in;text-indent:0in'>
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any statement
contained in a document incorporated or deemed to be incorporated by reference
herein shall be deemed to be modified or superseded for purposes of this
Registration Statement to the extent that a statement contained herein or in
any other subsequently filed document which also is or is deemed to be
incorporated by reference herein modifies or supersedes such statement.&nbsp; Any
statement so modified or superseded shall not be deemed, except as so modified
or superseded, to constitute a part of this Registration Statement.</font></p>

<p style='mso-style-link:"Body Text Indent Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-size:11.0pt;font-family:"CG Times";letter-spacing:-.15pt;margin-left:0in;text-indent:0in'>&nbsp;</p>

<p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Courier New";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<font face="Times New Roman" size="2">

<br clear=all
style='page-break-before:always'>


</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='mso-style-link:"Header Char";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">Item 4</font></b><font size="2">.&nbsp; </font> <b>
<font size="2">Description of Securities.</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">N/A</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify;page-break-after:avoid; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">Item 5</font></b><font size="2">.&nbsp; </font> <b>
<font size="2">Interests of Named Experts and Counsel.</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify;page-break-after:avoid'>&nbsp;</p>

<p style='mso-style-link:"Body Text 2 Char";margin-bottom:.0001pt;text-align:justify;font-family:"CG Times";page-break-after:avoid; margin-left:0in; margin-right:0in; margin-top:0in'>
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; N/A</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">Item 6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indemnification
of Directors and Officers.</font></b></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">&nbsp;</font></b></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">Our articles of incorporation contain a provision which, subject to
certain exceptions described below, eliminates the liability of a director to
the Company and its shareholders for monetary damages for any breach of duty as
a director.&nbsp; This provision does not eliminate such liability for (i) any
breach of the director&#146;s duty of loyalty; (ii) acts or omissions not in good
faith or which involve gross negligence, intentional misconduct, or a knowing
violation of law; (iii) liability imposed under Section 33-8-330 of the South
Carolina Business Corporation Act of 1988 (referred to in this Item 6 as the
&quot;Act&quot;); and (iv) any transaction from which the director derived an
improper personal benefit.&nbsp; </font> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify;text-indent:.5in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">Under our bylaws, we must indemnify any person who becomes subject to a
lawsuit or proceeding by reason of service as a director or officer of the Company
or any other corporation which the person served as a director at the request
of the company to the fullest extent permitted by law.&nbsp; Under our bylaws, our
directors and officers are also entitled to have the Company advance expenses
prior to final disposition of the proceeding, upon delivery of a written
affirmation by the director or officer of his good faith belief that the
standard of conduct necessary for indemnification has been met and a written
undertaking to repay the amounts advanced if it is ultimately determined that
the standard of conduct has not been met, if a determination is made in the
manner specified in Section 33-8-550 of the Act that the facts then known to
those making the determination would not preclude indemnification .</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">In addition to the articles of incorporation and bylaws, Section 33&#8209;8&#8209;520
of the Act requires that &#147;a corporation indemnify a director who was wholly
successful, on the merits or otherwise, in the defense of any proceeding to
which he was a party because he is or was a director of the corporation against
reasonable expenses incurred by him in connection with the proceeding.&#148;&nbsp; The
statute also provides that upon application of a director a court may order
indemnification if it determines that the director is entitled to such
indemnification under the applicable statutory standard.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may
be permitted to our directors, officers, and controlling persons pursuant to
the foregoing provisions, or otherwise, we have been advised that in the
opinion of the Securities and Exchange Commission such indemnification is
against public policy as expressed in the Securities Act of 1933 and is,
therefore, unenforceable.</font></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">&nbsp;</font></b></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">&nbsp;</font></b></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">Item 7</font></b><font size="2">.&nbsp; <b>Exemption from Registration Claimed</b>.</font></p>

<p style='mso-style-link:"Body Text 2 Char";margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"CG Times";'>&nbsp;</p>

<p style='mso-style-link:"Body Text 2 Char";margin-bottom:.0001pt;text-align:justify;font-family:"CG Times";text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>
<font face="Times New Roman" size="2">N/A</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Courier New";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<font face="Times New Roman" size="2">

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style='page-break-before:always'>


</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='mso-style-link:"Header Char";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify;page-break-after:avoid; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">Item 8.&nbsp; Exhibits.</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify;page-break-after:avoid'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify;page-break-after:avoid; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The following exhibits are filed with this Registration
Statement.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify;page-break-after:avoid'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse' width="761">

  <tr style='page-break-inside:avoid'>
   <td valign=bottom style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
   <p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify;page-break-after:avoid; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Exhibit</font></p>
   <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">Number</font></u></p>
   </td>
   <td valign=bottom style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
   <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
   </td>
   <td valign=bottom style='width:632px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
   <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">Description of Exhibit</font></u></p>
   </td>
   <td valign=top style='width:6px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
   <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
   </td>
  </tr>
  <tr style='page-break-inside:avoid;height:.1in'>
   <td valign=top style='width:63px;height:.1in; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
   <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
   </td>
   <td valign=top style='width:4px;height:.1in; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
   <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
   </td>
   <td valign=top style='width:632px;height:.1in; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
   <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
   </td>
   <td valign=top style='width:6px;height:.1in; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
   <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
   </td>
  </tr>

 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>
  </p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='width:632px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Articles of
  Incorporation, as amended (1)</font></p>
  </td>
  <td valign=top style='width:6px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4.2</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='width:632px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Articles of
  Amendment to the Articles of Incorporation establishing the terms of the
  Series T Preferred Stock(2) </font> </p>
  </td>
  <td valign=top style='width:6px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4.3</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='width:632px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Amended and
  Restated Bylaws (3)</font></p>
  </td>
  <td valign=top style='width:6px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4.4</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='width:632px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Form of
  Certificate of Common Stock (1)</font></p>
  </td>
  <td valign=top style='width:6px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4.5</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='width:632px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">2010 Southern
  First Bancshares, Inc. Stock Incentive Plan (4)</font></p>
  </td>
  <td valign=top style='width:6px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4.6&nbsp;&nbsp; </font> </p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='width:632px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Form of Award
  Agreement for Stock Options</font></p>
  </td>
  <td valign=top style='width:6px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4.7</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='width:632px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Form of Award
  Agreement for Restricted Stock</font></p>
  </td>
  <td valign=top style='width:6px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">5.1</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='width:632px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Legal Opinion
  of Nelson Mullins Riley &amp; Scarborough LLP</font></p>
  </td>
  <td valign=top style='width:6px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">23.1</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='width:632px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Consent of
  Elliott Davis, LLC </font> </p>
  </td>
  <td valign=top style='width:6px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">23.2</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='width:632px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Consent of
  Nelson Mullins Riley &amp; Scarborough LLP (contained in their opinion filed
  as Exhibit 5.1)</font></p>
  </td>
  <td valign=top style='width:6px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">24</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='width:632px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Power of
  Attorney (contained on the signature pages of this registration statement)</font></p>
  </td>
  <td valign=top style='width:6px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify;page-break-after:avoid'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:.5in;text-align:justify;text-indent:-.5in; margin-right:0in; margin-top:0in'>
<font size="2">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incorporated
by reference to the Company&#146;s Registration Statement on Form SB-2 filed on July
27, 1999.</font></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:.5in;text-align:justify;text-indent:-.5in; margin-right:0in; margin-top:0in'>
<font size="2">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incorporated
by reference to Exhibit 3.1 of the Company's Current Report on Form 8-K filed
on March 3, 2009.</font></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:.5in;text-align:justify;text-indent:-.5in; margin-right:0in; margin-top:0in'>
<font size="2">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incorporated
by reference to Exhibit 3.4 of the Company's Form 10-K filed March 24, 2008.</font></p>

<p style='mso-style-link:"Footer Char";margin-bottom:.0001pt;font-family:"Times New Roman";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incorporated
by reference to Appendix A of the Company&#146;s Proxy Statement on Schedule 14A,
filed April 6, 2010. </font> </p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<font face="Times New Roman" size="2">

<br
clear=all style='page-break-before:always'>


</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='mso-style-link:"Header Char";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:.5in;text-indent:-.5in; margin-right:0in; margin-top:0in'><b>
<font size="2">Item 9.&nbsp; Undertakings.</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify;page-break-after:avoid'>&nbsp;</p>

<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:.0001pt;text-align:justify;text-indent:24.5pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp; 1.&nbsp; The undersigned registrant hereby undertakes:
</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify;text-indent:48.95pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">(a)&nbsp;&nbsp; To file,
during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:48.95pt;text-align:justify;text-indent:
24.5pt; margin-right:0in; margin-top:0in'><font size="2">(i)&nbsp;
To include any prospectus required by Section 10(a)(3) of the Securities Act of
1933; </font> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:48.95pt;text-align:justify;text-indent:
24.5pt; margin-right:0in; margin-top:0in'><font size="2">(ii)&nbsp;
To reflect in the prospectus any facts or events arising after the effective
date of the registration statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a fundamental
change in the information set forth in the registration statement.&nbsp;
Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of prospectus
filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than 20% change in the maximum
aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148;
table in the effective registration statement.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-left:48.95pt;text-align:justify;text-indent:
24.5pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:48.95pt;text-align:justify;text-indent:
24.5pt; margin-right:0in; margin-top:0in'><font size="2">(iii)&nbsp;
To include any material information with respect to the plan of distribution
not previously disclosed in the registration statement or any material change
to such information in the registration statement; </font> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><i>
<font size="2">provided, however</font></i><font size="2">, that
paragraphs (a)(i) and (a)(ii) of this section do not apply if the registration
statement is on Form S-8, and the information required to be included in a
post-effective amendment by those paragraphs is contained in reports filed with
or furnished to the Commission by the registrant pursuant to Section 13 or
Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by
reference in the registration statement.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify;text-indent:48.95pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">(b)&nbsp; That, for
the purpose of determining any liability under the Securities Act of 1933, each
such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering
thereof.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify;text-indent:48.95pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify;text-indent:48.95pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">(c)&nbsp; To remove
from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify;text-indent:48.95pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify;text-indent:48.95pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">(d) That, for
the purpose of determining liability of the registrant under the Securities Act
of 1933 to any purchase in the initial distribution of securities: The
undersigned registrant undertakes that in&nbsp; a primary offering of securities of
the undersigned registrant pursuant to this registration statement, regardless
of the underwriting method used to sell the securities to the purchaser, if the
securities are offered or sold to such purchaser by means of any of the
following communications, the undersigned registrant will be a seller to the
purchaser and will be considered to offer or sell such securities to such
purchaser:</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify;text-indent:48.95pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:48.95pt;text-align:justify;text-indent:
24.5pt; margin-right:0in; margin-top:0in'><font size="2">(i)&nbsp;
Any preliminary prospectus or prospectus of the undersigned registrant relating
to the offering required to be filed pursuant to Rule 424; </font> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-left:48.95pt;text-align:justify;text-indent:
24.5pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:48.95pt;text-align:justify;text-indent:
24.5pt; margin-right:0in; margin-top:0in'><font size="2">(ii)&nbsp;
Any free writing prospectus relating to the offering prepared by or on behalf
of the undersigned registrant or used or referred to by the undersigned
registrant; </font> </p>

<p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Courier New";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<font face="Times New Roman" size="2">

<br clear=all
style='page-break-before:always'>


</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='mso-style-link:"Header Char";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-left:48.95pt;text-align:justify;text-indent:
24.5pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:48.95pt;text-align:justify;text-indent:
24.5pt; margin-right:0in; margin-top:0in'><font size="2">(iii)&nbsp;
The portion of any other free writing prospectus relating to the offering
containing material information about the undersigned registrant or its
securities provided by or on behalf of the undersigned registrant; and</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-left:48.95pt;text-align:justify;text-indent:
24.5pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:48.95pt;text-align:justify;text-indent:
24.5pt; margin-right:0in; margin-top:0in'><font size="2">(iv)&nbsp;
Any other communication that is an offer in the offering made by the undersigned
registrant to the purchaser.&nbsp; </font> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.&nbsp; The undersigned
registrant hereby undertakes that, for purposes of determining any liability
under the Securities Act of 1933, each filing of the registrant&#146;s annual report
pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of
1934 (and, where applicable, each filing of an employee benefit plan&#146;s annual
report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that
is incorporated by reference in the registration statement shall be deemed to
be a new registration statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the initial
bona fide offering thereof.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.&nbsp; Insofar as
indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers and controlling persons of the registrant
pursuant to the foregoing provisions, or otherwise, the registrant has been
advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable.&nbsp; In the event that a claim for indemnification
against such liabilities (other than the payment by the registrant of expenses
incurred or paid by a director, officer or controlling person of the registrant
in the successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person in connection with the securities
being registered, the registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Act and will be governed by the final
adjudication of such issue.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-indent:48.95pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Courier New";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<font face="Times New Roman" size="2">

<br clear=all
style='page-break-before:always'>


</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='mso-style-link:"Header Char";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:1.0in;text-align:center;
text-indent:-.5in; margin-right:0in; margin-top:0in'><b><font size="2">SIGNATURES</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">Pursuant to the requirements of the Securities Act of 1933, the
registrant certifies that it has reasonable grounds to believe that it meets
all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Greenville, State of South Carolina, as of July
20, 2010.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='mso-style-link:"Body Text 2 Char";margin-bottom:.0001pt;text-align:justify;font-family:"CG Times"; margin-left:0in; margin-right:0in; margin-top:0in'>
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; <b>SOUTHERN
FIRST BANCSHARES, INC.</b></font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;line-height:12.5pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By:
</font> <u><font size="2">/s/R. Arthur
Seaver, Jr.&nbsp;&nbsp; </font> </u></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:3.0in;text-align:justify; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name:&nbsp; R. Arthur
Seaver, Jr.</font></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:3.0in;text-align:justify; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title:&nbsp;&nbsp;&nbsp; Chief
Executive Officer</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">POWER OF ATTORNEY</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:center'>&nbsp;</p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman";margin-bottom:.0001pt;text-align:justify;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">KNOW ALL PERSONS BY THESE PRESENTS, that each person
whose signature appears below constitutes and appoints R. Arthur Seaver, Jr.
and James M. Austin, III, and each of them such person&#146;s true and lawful
attorney-in-fact and agent, with full power of substitution and resubstitution,
for such person and in such person&#146;s name, place and stead, in any and all
capacities (including such person&#146;s capacity as a director and/or officer) to
sign any and all amendments (including post-effective amendments) to this
Registration Statement and any Registration Statement filed pursuant to Rule
462(b) under the Securities Act of 1933, as amended, and to file the same, with
all exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission and any other regulatory authority, granting
unto said attorney-in-fact and agent full power and authority to do and perform
each and every act and thing requisite and necessary to be done in connection
therewith, as fully to all intents and purposes as such person might or could
do in person, hereby ratifying and confirming all that said attorney-in-fact
and agent or his substitute or substitutes, may lawfully do or cause to be done
by virtue hereof. </font></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;</font></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman";margin-bottom:.0001pt;text-align:justify;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">Pursuant to the requirements of the Securities Act of
1933, this Registration Statement has been signed by the following persons in
the capacities indicated as of the dates indicated: </font></p>

<p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Courier New";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<font face="Times New Roman" size="2">

<br
clear=all style='page-break-before:always'>


</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='mso-style-link:"Header Char";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;'>&nbsp;</p>

<div align="center">

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0 width=703
 style='margin-left:6.0pt;border-collapse:collapse;border:none'>

  <tr>
   <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
   <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">Signature</font></u></p>
   </td>
   <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
   <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">Title</font></u></p>
   </td>
   <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
   <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">Date</font></u></p>
   </td>
  </tr>

 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt'>&nbsp;</p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">/s/ James M. Austin, III&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	</font> </u></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">&nbsp;July 20, 2010&nbsp; </font> </u></p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">James M. Austin, III</font></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Chief Financial
  Officer and Executive Vice President (Principal Financial and Accounting
  Officer)</font></p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">/s/ Andrew B. Cajka&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	</font> </u></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">&nbsp;July 20, 2010&nbsp; </font> </u></p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Andrew B. Cajka</font></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Director</font></p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">/s/Mark A. Cothran&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	</font> </u></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">&nbsp;July 20, 2010&nbsp; </font> </u></p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Mark A. Cothran</font></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Director</font></p>
  </td>
  <td valign=top style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">/s/Leighton M. Cubbage&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	</font> </u></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">&nbsp;July 20, 2010&nbsp; </font> </u></p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Leighton M. Cubbage</font></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Director</font></p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;page-break-after:avoid; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">/s/Anne S.
  Ellefson&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	</font> </u></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center;
  page-break-after:avoid'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center;
  page-break-after:avoid; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">&nbsp;July
  20, 2010&nbsp; </font> </u></p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;page-break-after:avoid; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Anne S.
  Ellefson</font></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center;
  page-break-after:avoid; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Director</font></p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center;
  page-break-after:avoid'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt'>&nbsp;</p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">/s/David G. Ellison&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	</font> </u></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">&nbsp;July 20, 2010&nbsp; </font> </u></p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">David G. Ellison</font></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Director</font></p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt'>&nbsp;</p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">/s/Fred Gilmer, Jr.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	</font> </u></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">&nbsp;July 20, 2010&nbsp; </font> </u></p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Fred Gilmer, Jr.</font></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Director</font></p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:12.15pt'>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt;
  height:12.15pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">/s/Tecumseh Hooper, Jr.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	</font> </u></p>
  </td>
  <td valign=top style='width:300px;border:medium none;height:12.15pt; padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;height:12.15pt; padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">&nbsp;July 20, 2010&nbsp; </font> </u></p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Tecumseh Hooper, Jr.</font></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Director</font></p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt'>&nbsp;</p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">/s/Rudolph G. Johnstone, III,
  M.D.</font></u></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">&nbsp;July 20, 2010&nbsp; </font> </u></p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Rudolph G. Johnstone, III, M.D.</font></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Director</font></p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt'>&nbsp;</p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">/s/James B. Orders, III&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	</font> </u></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">&nbsp;July 20, 2010&nbsp; </font> </u></p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">James B. Orders, III</font></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Director</font></p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">/s/R. Arthur Seaver, Jr.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	</font> </u></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">&nbsp;July 20, 2010&nbsp; </font> </u></p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">R. Arthur Seaver, Jr.</font></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Chief
  Executive Officer and Director</font></p>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(Principal
  Executive Officer)</font></p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	</font> </u></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	</font> </u></p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">William B. Sturgis</font></p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:1.0pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Director</font></p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=234 valign=top style='width:175.5pt;border:none;padding:0in 6.0pt 0in 6.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt'>&nbsp;</p>
  </td>
  <td valign=top style='width:300px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:124px;border:medium none;padding-left:6.0pt; padding-right:6.0pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:1.0pt;text-align:center'>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;'>&nbsp;</p>

<p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Courier New";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<font face="Times New Roman" size="2">

<br clear=all
style='page-break-before:always'>


</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='mso-style-link:"Header Char";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">Exhibit
Index</font></b></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">&nbsp;</font></b></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse' width="781">

  <tr style='page-break-inside:avoid'>
   <td valign=bottom style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
   <p style='margin-bottom:.0001pt;font-family:Times New Roman;text-align:justify;page-break-after:avoid; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Exhibit</font></p>
   <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">Number</font></u></p>
   </td>
   <td valign=bottom style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
   <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:center'>&nbsp;</p>
   </td>
   <td valign=bottom style='width:654px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
   <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">Description
   of Exhibit</font></u></p>
   </td>
   <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
   <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
   </td>
  </tr>
  <tr style='page-break-inside:avoid;height:.1in'>
   <td valign=top style='width:63px;height:.1in; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
   <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt'>&nbsp;</p>
   </td>
   <td valign=top style='width:4px;height:.1in; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
   <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:center'>&nbsp;</p>
   </td>
   <td valign=top style='width:654px;height:.1in; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
   <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
   </td>
   <td valign=top style='width:4px;height:.1in; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
   <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
   </td>
  </tr>

 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt; margin-left:0in; margin-right:0in; margin-top:0in'><a name=address>
	<font size="2"></font></a><font size="2">4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>
  </p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='width:654px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Articles of
  Incorporation, as amended (1)</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4.2</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='width:654px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Articles of
  Amendment to the Articles of Incorporation establishing the terms of the
  Series T Preferred Stock(2) </font> </p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4.3</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='width:654px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Amended and
  Restated Bylaws (3)</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4.4</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='width:654px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Form of
  Certificate of Common Stock (1)</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4.5</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='width:654px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">2010 Southern
  First Bancshares, Inc. Stock Incentive Plan (4)</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4.6&nbsp;&nbsp; </font> </p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='width:654px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Form of Award
  Agreement for Stock Options</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4.7</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='width:654px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Form of Award
  Agreement for Restricted Stock</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">5.1</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='width:654px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Legal Opinion
  of Nelson Mullins Riley &amp; Scarborough LLP</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">23.1</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='width:654px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Consent of
  Elliott Davis, LLC </font> </p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">23.2</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='width:654px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Consent of
  Nelson Mullins Riley &amp; Scarborough LLP (contained in their opinion filed
  as Exhibit 5.1)</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='width:63px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">24</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='width:654px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Power of
  Attorney (contained on the signature pages of this registration statement)</font></p>
  </td>
  <td valign=top style='width:4px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-bottom:12.0pt;text-align:justify'>&nbsp;</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:justify;page-break-after:avoid'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:.5in;text-indent:-.5in; margin-right:0in; margin-top:0in'>
<font size="2">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incorporated
by reference to the Company&#146;s Registration Statement on Form SB-2 filed on July
27, 1999.</font></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:.5in;text-indent:-.5in; margin-right:0in; margin-top:0in'>
<font size="2">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incorporated
by reference to Exhibit 3.1 of the Company's Current Report on Form 8-K filed
on March 3, 2009.</font></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:.5in;text-indent:-.5in; margin-right:0in; margin-top:0in'>
<font size="2">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incorporated
by reference to Exhibit 3.4 of the Company's Form 10-K filed March 24, 2008.</font></p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:.5in;text-indent:-.5in; margin-right:0in; margin-top:0in'>
<font size="2">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incorporated
by reference to Appendix A of the Company&#146;s Proxy Statement on Schedule 14A,
filed April 6, 2010.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;margin-left:.5in;text-indent:-.5in'>&nbsp;</p>

<p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Courier New";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Courier;line-height:1.0pt'>&nbsp;</p>

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</html>
[{"type": "S-8", "sequence": "1", "filename": "esform_s-8.htm", "secsgml_size_bytes": 136143}]
{"company-data": {"conformed-name": "SOUTHERN FIRST BANCSHARES INC", "cik": "0001090009", "assigned-sic": "6021", "irs-number": "582459561", "state-of-incorporation": "SC", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-168779", "film-number": "101010151"}, "business-address": {"street1": "100 VERDAE BOULEVARD", "street2": "SUITE 100", "city": "GREENVILLE", "state": "SC", "zip": "29607", "phone": "8646799000"}, "mail-address": {"street1": "100 VERDAE BOULEVARD", "street2": "SUITE 100", "city": "GREENVILLE", "state": "SC", "zip": "29607"}, "former-company": {"former-conformed-name": "GREENVILLE FIRST BANCSHARES INC", "date-changed": "19990707"}}
form S-8
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON, DC  20549
________________
FORM S-8
REGISTRATION
STATEMENT UNDER THE SECURITIES ACT OF 1933
________________
SOUTHERN FIRST BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
South Carolina
58-2459561
(State or other jurisdiction of                                        (I.R.S.
Employer
incorporation
or organization)                                Identification
Number)
100 Verdae Boulevard
Greenville, South Carolina
29607
(Address of Principal Executive Offices)                                      (Zip
Code)
2010 Southern First Bancshares, Inc. Stock Incentive Plan
(Full title of the plan)
R. Arthur Seaver, Jr.
Chief Executive Officer
100 Verdae Boulevard
Greenville, South Carolina 29607
(Name and address of agent for service)
(864) 679-9000
(Telephone number, including area code, of agent for service)
Copies of all communications, including communications sent to agent
for service, should be sent to:
John M. Jennings
Nelson Mullins Riley & Scarborough LLP
104 South Main Street, Suite 900
Greenville, South Carolina 29601
(864) 250-2300
Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company.  See the definitions of "large accelerated filer,"
"accelerated filer," and "smaller reporting company" in Rule 12b-2 of the
Exchange Act.
Large accelerated filer
o
Accelerated
filer
o
Non-accelerated filer
o
(Do not
check if a smaller reporting company)              Smaller reporting company
ý
CALCULATION OF REGISTRATION FEE
Title
  of securities
to
  be registered
Amount to be
Registered
(1)
Proposed
  maximum
offering
  price
per
  share
(2)
Proposed
  maximum
aggregate
  offering
price
Amount
  of
registration
  fee
(2)
Common Stock, par
  value $0.01 per share
335,000
$6.31
$2,113,850
$151
(1)    Pursuant to Rule 416 under the
Securities Act of 1933, as amended, this Registration Statement shall also
cover any additional shares of common stock which become issuable under the
above-named plan by reason of any stock dividend, stock split, recapitalization
or any other similar transaction effected without the receipt of consideration
which results in an increase in the number of our outstanding shares of common
stock.
(2)    Estimated
pursuant to Rule 457(h) solely for purposes of calculating the aggregate
offering price and the amount of the registration fee based upon the average of
the high and low prices reported on the Nasdaq Global Market on August 9,
2010.  [This date must be within 5 days of filing the Form S-8.]
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1.  Plan Information.*
Item 2.  Registrant Information and Employee Plan
Annual Information.*
*The documents containing the information specified in
Part I will be delivered in accordance with Rule 428(b)(1) under the Securities
Act of 1933, as amended (the "Securities Act").  Such documents are not
required to be, and are not, filed with the Securities and Exchange Commission
(the "Commission"), either as part of this Registration Statement or as
prospectuses or prospectus supplements pursuant to Rule 424 under the
Securities Act.  These documents, and the documents incorporated by reference
in this Registration Statement pursuant to Item 3 of Part II of this Form S-8,
taken together, constitute a prospectus that meets the requirements of Section
10(a) of the Securities Act.
PART
II
INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT
Item 3
.
Incorporation of Documents by Reference.
The
following documents, which have been filed by Southern First Bancshares, Inc.
(the "Company") with the Commission, are incorporated in this Registration
Statement by reference:
(a)   
The Company's
Annual Report on Form 10-K for the fiscal year ended December 31, 2009 filed on
March 2, 2010, as amended on Form 10-K/A filed on March 9, 2010;
(b)  The Company's Quarterly
Report on Form 10-Q for the period ended March 31, 2010 filed on April 30,
2010;
(c)   The Company's Current
Reports on Form 8-K filed on May 19, 2010, and June 14, 2010;
(d)  The description of the
Company's capital stock contained in the Company's Registration Statement on
the 424(B)(4) prospectus filed on September 22, 2004, including any amendment
or report filed for the purpose of updating such description.
All documents
subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Securities Exchange Act of 1934, prior to the filing of a
post-effective amendment which indicates that all securities offered hereby
have been sold or which deregisters all securities then remaining unsold, shall
be deemed to be incorporated by reference herein and to be a part hereof from
the date of filing of such documents.
Any statement
contained in a document incorporated or deemed to be incorporated by reference
herein shall be deemed to be modified or superseded for purposes of this
Registration Statement to the extent that a statement contained herein or in
any other subsequently filed document which also is or is deemed to be
incorporated by reference herein modifies or supersedes such statement.  Any
statement so modified or superseded shall not be deemed, except as so modified
or superseded, to constitute a part of this Registration Statement.
Item 4
.
Description of Securities.
N/A
Item 5
.
Interests of Named Experts and Counsel.
N/A
Item 6.            Indemnification
of Directors and Officers.
Our articles of incorporation contain a provision which, subject to
certain exceptions described below, eliminates the liability of a director to
the Company and its shareholders for monetary damages for any breach of duty as
a director.  This provision does not eliminate such liability for (i) any
breach of the director's duty of loyalty; (ii) acts or omissions not in good
faith or which involve gross negligence, intentional misconduct, or a knowing
violation of law; (iii) liability imposed under Section 33-8-330 of the South
Carolina Business Corporation Act of 1988 (referred to in this Item 6 as the
"Act"); and (iv) any transaction from which the director derived an
improper personal benefit.
Under our bylaws, we must indemnify any person who becomes subject to a
lawsuit or proceeding by reason of service as a director or officer of the Company
or any other corporation which the person served as a director at the request
of the company to the fullest extent permitted by law.  Under our bylaws, our
directors and officers are also entitled to have the Company advance expenses
prior to final disposition of the proceeding, upon delivery of a written
affirmation by the director or officer of his good faith belief that the
standard of conduct necessary for indemnification has been met and a written
undertaking to repay the amounts advanced if it is ultimately determined that
the standard of conduct has not been met, if a determination is made in the
manner specified in Section 33-8-550 of the Act that the facts then known to
those making the determination would not preclude indemnification .
In addition to the articles of incorporation and bylaws, Section 33‑8‑520
of the Act requires that "a corporation indemnify a director who was wholly
successful, on the merits or otherwise, in the defense of any proceeding to
which he was a party because he is or was a director of the corporation against
reasonable expenses incurred by him in connection with the proceeding."  The
statute also provides that upon application of a director a court may order
indemnification if it determines that the director is entitled to such
indemnification under the applicable statutory standard.
Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may
be permitted to our directors, officers, and controlling persons pursuant to
the foregoing provisions, or otherwise, we have been advised that in the
opinion of the Securities and Exchange Commission such indemnification is
against public policy as expressed in the Securities Act of 1933 and is,
therefore, unenforceable.
Item 7
.
Exemption from Registration Claimed
.
N/A
Item 8.  Exhibits.
The following exhibits are filed with this Registration
Statement.
Exhibit
Number
Description of Exhibit
4.1
Articles of
  Incorporation, as amended (1)
4.2
Articles of
  Amendment to the Articles of Incorporation establishing the terms of the
  Series T Preferred Stock(2)
4.3
Amended and
  Restated Bylaws (3)
4.4
Form of
  Certificate of Common Stock (1)
4.5
2010 Southern
  First Bancshares, Inc. Stock Incentive Plan (4)
4.6
Form of Award
  Agreement for Stock Options
4.7
Form of Award
  Agreement for Restricted Stock
5.1
Legal Opinion
  of Nelson Mullins Riley & Scarborough LLP
23.1
Consent of
  Elliott Davis, LLC
23.2
Consent of
  Nelson Mullins Riley & Scarborough LLP (contained in their opinion filed
  as Exhibit 5.1)
24
Power of
  Attorney (contained on the signature pages of this registration statement)
(1)           Incorporated
by reference to the Company's Registration Statement on Form SB-2 filed on July
27, 1999.
(2)           Incorporated
by reference to Exhibit 3.1 of the Company's Current Report on Form 8-K filed
on March 3, 2009.
(3)           Incorporated
by reference to Exhibit 3.4 of the Company's Form 10-K filed March 24, 2008.
(4)           Incorporated
by reference to Appendix A of the Company's Proxy Statement on Schedule 14A,
filed April 6, 2010.
Item 9.  Undertakings.
1.  The undersigned registrant hereby undertakes:
(a)   To file,
during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
(i) 
To include any prospectus required by Section 10(a)(3) of the Securities Act of
1933;
(ii) 
To reflect in the prospectus any facts or events arising after the effective
date of the registration statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a fundamental
change in the information set forth in the registration statement. 
Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of prospectus
filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than 20% change in the maximum
aggregate offering price set forth in the "Calculation of Registration Fee"
table in the effective registration statement.
(iii) 
To include any material information with respect to the plan of distribution
not previously disclosed in the registration statement or any material change
to such information in the registration statement;
provided, however
, that
paragraphs (a)(i) and (a)(ii) of this section do not apply if the registration
statement is on Form S-8, and the information required to be included in a
post-effective amendment by those paragraphs is contained in reports filed with
or furnished to the Commission by the registrant pursuant to Section 13 or
Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by
reference in the registration statement.
(b)  That, for
the purpose of determining any liability under the Securities Act of 1933, each
such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering
thereof.
(c)  To remove
from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
(d) That, for
the purpose of determining liability of the registrant under the Securities Act
of 1933 to any purchase in the initial distribution of securities: The
undersigned registrant undertakes that in  a primary offering of securities of
the undersigned registrant pursuant to this registration statement, regardless
of the underwriting method used to sell the securities to the purchaser, if the
securities are offered or sold to such purchaser by means of any of the
following communications, the undersigned registrant will be a seller to the
purchaser and will be considered to offer or sell such securities to such
purchaser:
(i) 
Any preliminary prospectus or prospectus of the undersigned registrant relating
to the offering required to be filed pursuant to Rule 424;
(ii) 
Any free writing prospectus relating to the offering prepared by or on behalf
of the undersigned registrant or used or referred to by the undersigned
registrant;
(iii) 
The portion of any other free writing prospectus relating to the offering
containing material information about the undersigned registrant or its
securities provided by or on behalf of the undersigned registrant; and
(iv) 
Any other communication that is an offer in the offering made by the undersigned
registrant to the purchaser.
2.  The undersigned
registrant hereby undertakes that, for purposes of determining any liability
under the Securities Act of 1933, each filing of the registrant's annual report
pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of
1934 (and, where applicable, each filing of an employee benefit plan's annual
report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that
is incorporated by reference in the registration statement shall be deemed to
be a new registration statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the initial
bona fide offering thereof.
3.  Insofar as
indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers and controlling persons of the registrant
pursuant to the foregoing provisions, or otherwise, the registrant has been
advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable.  In the event that a claim for indemnification
against such liabilities (other than the payment by the registrant of expenses
incurred or paid by a director, officer or controlling person of the registrant
in the successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person in connection with the securities
being registered, the registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Act and will be governed by the final
adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
registrant certifies that it has reasonable grounds to believe that it meets
all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Greenville, State of South Carolina, as of July
20, 2010.
SOUTHERN
FIRST BANCSHARES, INC.
By:
/s/R. Arthur
Seaver, Jr.
Name:  R. Arthur
Seaver, Jr.
Title:    Chief
Executive Officer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person
whose signature appears below constitutes and appoints R. Arthur Seaver, Jr.
and James M. Austin, III, and each of them such person's true and lawful
attorney-in-fact and agent, with full power of substitution and resubstitution,
for such person and in such person's name, place and stead, in any and all
capacities (including such person's capacity as a director and/or officer) to
sign any and all amendments (including post-effective amendments) to this
Registration Statement and any Registration Statement filed pursuant to Rule
462(b) under the Securities Act of 1933, as amended, and to file the same, with
all exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission and any other regulatory authority, granting
unto said attorney-in-fact and agent full power and authority to do and perform
each and every act and thing requisite and necessary to be done in connection
therewith, as fully to all intents and purposes as such person might or could
do in person, hereby ratifying and confirming all that said attorney-in-fact
and agent or his substitute or substitutes, may lawfully do or cause to be done
by virtue hereof.
Pursuant to the requirements of the Securities Act of
1933, this Registration Statement has been signed by the following persons in
the capacities indicated as of the dates indicated:
Signature
Title
Date
/s/ James M. Austin, III
July 20, 2010
James M. Austin, III
Chief Financial
  Officer and Executive Vice President (Principal Financial and Accounting
  Officer)
/s/ Andrew B. Cajka
July 20, 2010
Andrew B. Cajka
Director
/s/Mark A. Cothran
July 20, 2010
Mark A. Cothran
Director
/s/Leighton M. Cubbage
July 20, 2010
Leighton M. Cubbage
Director
/s/Anne S.
  Ellefson
July
  20, 2010
Anne S.
  Ellefson
Director
/s/David G. Ellison
July 20, 2010
David G. Ellison
Director
/s/Fred Gilmer, Jr.
July 20, 2010
Fred Gilmer, Jr.
Director
/s/Tecumseh Hooper, Jr.
July 20, 2010
Tecumseh Hooper, Jr.
Director
/s/Rudolph G. Johnstone, III,
  M.D.
July 20, 2010
Rudolph G. Johnstone, III, M.D.
Director
/s/James B. Orders, III
July 20, 2010
James B. Orders, III
Director
/s/R. Arthur Seaver, Jr.
July 20, 2010
R. Arthur Seaver, Jr.
Chief
  Executive Officer and Director
(Principal
  Executive Officer)
William B. Sturgis
Director
Exhibit
Index
Exhibit
Number
Description
   of Exhibit
4.1
Articles of
  Incorporation, as amended (1)
4.2
Articles of
  Amendment to the Articles of Incorporation establishing the terms of the
  Series T Preferred Stock(2)
4.3
Amended and
  Restated Bylaws (3)
4.4
Form of
  Certificate of Common Stock (1)
4.5
2010 Southern
  First Bancshares, Inc. Stock Incentive Plan (4)
4.6
Form of Award
  Agreement for Stock Options
4.7
Form of Award
  Agreement for Restricted Stock
5.1
Legal Opinion
  of Nelson Mullins Riley & Scarborough LLP
23.1
Consent of
  Elliott Davis, LLC
23.2
Consent of
  Nelson Mullins Riley & Scarborough LLP (contained in their opinion filed
  as Exhibit 5.1)
24
Power of
  Attorney (contained on the signature pages of this registration statement)
(1)           Incorporated
by reference to the Company's Registration Statement on Form SB-2 filed on July
27, 1999.
(2)           Incorporated
by reference to Exhibit 3.1 of the Company's Current Report on Form 8-K filed
on March 3, 2009.
(3)           Incorporated
by reference to Exhibit 3.4 of the Company's Form 10-K filed March 24, 2008.
(4)           Incorporated
by reference to Appendix A of the Company's Proxy Statement on Schedule 14A,
filed April 6, 2010.