Standard Contracts
Exhibit 10.2 GUARANTEE AGREEMENT GRANDSOUTH BANCORPORATION Dated as of May 10, 2006 GUARANTEE AGREEMENT This GUARANTEE AGREEMENT (the "Guarantee"), dated as of May 10, 2006, is executed and delivered by GrandSouth Bancorporation, a bank holding...Guarantee Agreement • August 14th, 2006 • Grandsouth Bancorporation • Savings institutions, not federally chartered • New York
Exhibit 10.4 EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN EXECUTIVE AGREEMENT THIS AGREEMENT is made and entered into this 11th day of September, 2001, by and between GrandSouth Bank, a bank organized and existing under the laws of the State of South...Executive Supplemental Retirement Plan • April 1st, 2002 • Grandsouth Bancorporation • Savings institutions, not federally chartered • South Carolina
Exhibit 10.4 NOTICE: THIS AGREEMENT IS SUBJECT TO ARBITRATION PURSUANT TO THE SOUTH CAROLINA UNIFORM ARBITRATION ACT AMENDED NONCOMPETITION, SEVERANCE AND EMPLOYMENT AGREEMENT THIS AMENDED NONCOMPETITION, SEVERANCE AND EMPLOYMENT AGREEMENT (the...Noncompetition, Severance and Employment Agreement • March 31st, 2008 • Grandsouth Bancorporation • Savings institutions, not federally chartered • South Carolina
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • March 30th, 2021 • Grandsouth Bancorporation • Savings institutions, not federally chartered • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of February 3, 2016, by and among GrandSouth Bancorporation, a South Carolina corporation (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively, the “Purchasers”).
GRANDSOUTH BANCORPORATION STOCK OPTION AGREEMENT PURSUANT TO THE GRANDSOUTH BANK 2009 STOCK OPTION PLAN (THE “PLAN”) APPENDIX AStock Option Agreement • March 30th, 2021 • Grandsouth Bancorporation • Savings institutions, not federally chartered
AGREEMENT AND PLAN OF MERGER AND REORGANIZATION By and Between GRANDSOUTH BANCORPORATION And FIRST BANCORP June 21, 2022Merger Agreement • June 21st, 2022 • Grandsouth Bancorporation • Savings institutions, not federally chartered • North Carolina
THIS AGREEMENT AND PLAN OF MERGER AND REORGANIZATION (this “Agreement”) dated as of June 21, 2022, is by and between First Bancorp, a North Carolina corporation (“Buyer”), and GrandSouth Bancorporation, a South Carolina corporation (“GSB”). Capitalized terms used in this Agreement but not defined elsewhere herein shall have the meanings assigned to them in Section 10.1 hereof.
Exhibit 10.3 THIS CONTRACT IS SUBJECT TO ARBITRATION PURSUANT TO THE SOUTH CAROLINA UNIFORM ARBITRATION ACT. AMENDED EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN EXECUTIVE AGREEMENT THIS AMENDED AGREEMENT is made and entered into as of this 17th day of...Executive Supplemental Retirement Plan Executive Agreement • March 31st, 2008 • Grandsouth Bancorporation • Savings institutions, not federally chartered • South Carolina
GrandSouth Bank Salary Continuation AgreementSalary Continuation Agreement • January 6th, 2022 • Grandsouth Bancorporation • Savings institutions, not federally chartered • South Carolina
This Salary Continuation Agreement (this “Agreement”) is made and entered into as of this 31st day of December, 2021, by and between GrandSouth Bank, a South Carolina-chartered bank (the “Bank”), and JB Schwiers, the Bank’s President and Chief Executive Officer (the “Executive”).
PLAN OF EXCHANGE This Plan of Exchange has been adopted as of the 7th day of June, 2000, by and between GrandSouth Bancorporation, (the "Holding Company") and GrandSouth Bank (the "Bank"). The name of the corporation whose shares will be acquired is...Plan of Exchange • November 14th, 2000 • Grandsouth Bancorporation
This Plan of Exchange has been adopted as of the 7th day of June, 2000, by and between GrandSouth Bancorporation, (the "Holding Company") and GrandSouth Bank (the "Bank").
SEVERANCE AND EMPLOYMENT AGREEMENTSeverance and Employment Agreement • March 30th, 2021 • Grandsouth Bancorporation • Savings institutions, not federally chartered • South Carolina
THIS SEVERANCE AND EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of this 21st day of March, 2012, by and between J.B. Garrett, an individual (the “Executive”), and GrandSouth Bancorporation, a South Carolina corporation (the “Company”), the parent company of GrandSouth Bank, also a South Carolina corporation (the “Bank”).
NONCOMPETITION, SEVERANCE AND EMPLOYMENT AGREEMENTNoncompetition, Severance and Employment Agreement • March 30th, 2021 • Grandsouth Bancorporation • Savings institutions, not federally chartered • South Carolina
THIS NONCOMPETITION, SEVERANCE AND EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of this 19th day of June, 2019, by and between J.B. Schwiers, an individual (the “Employee”), and GrandSouth Bank, a South Carolina corporation (the “Bank”), a wholly-owned subsidiary of GrandSouth Bancorporation, also a South Carolina corporation (the “Company”).
