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
