TERMINATION AND RELEASE AGREEMENT

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Exhibit 10.10

TERMINATION AND RELEASE AGREEMENT

        This Termination and Release Agreement is made by and between First Community Corporation, a South Carolina corporation ("FCCO"), Newberry Federal Savings Bank ("Newberry Federal"), and Robert W. Owen, an individual resident of the State of South Carolina, as of this 12 ^th day of April 2004 ("Effective Date").

        WHEREAS, the undersigned serves as a director of DutchFork Bancshares, Inc. ("DFBS") and its wholly-owned subsidiary, Newberry Federal Savings Bank ("Newberry Federal");

        WHEREAS, pursuant to the agreement and plan of merger dated as of April 12, 2004 by among FCCO and DFBS (the "Merger Agreement"), DFBS will merge with and into FCCO (the "Merger");

        WHEREAS, the undersigned is currently a participant in a salary continuation plan (the "Plan") (sometimes known as the "director salary continuation plan") attached hereto as Exhibit A; and

        WHEREAS, the obligations of FCCO and DFBS to effect the Merger are subject to the execution of this Agreement;

        WHEREAS, the undersigned is willing to terminate his interests and rights under the Plan in exchange for the consideration set forth herein.

        NOW, THEREFORE, in consideration of the foregoing, the mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agrees as follows:

        1.     Termination and Release.     The undersigned individual agrees to and does hereby terminate, and does hereby consent to and approve of the termination of, the Plan; and does hereby waive, disclaim and otherwise renounce any and all rights and benefits pursuant to the Plan, including, without limitation, any and all vested and unvested benefits and any other entitlements under the Plan. The undersigned individual agrees to and does hereby release, discharge, save and hold harmless DFBS and FCCO from any and all liabilities, claims, causes of acti