|                        |  |  
|----------------------- |  | -
|STATE OF SOUTH CAROLINA |  | )
|                        |  | )
|COUNTY OF BEAUFORT      |  | )

THIS
COMMERCIAL LEASE, made as of the 9th day of August, 2006, by and between MB Partners,
LLC, a South Carolina limited liability company (hereinafter referred to as the
LANDLORD) and Atlantic Community Bank(hereinafter collectively
referred to as the TENANT).

NOW
THEREFORE, in consideration of the mutual covenants and conditions hereinafter specified,
the parties agree to the following specific terms and conditions of this Commercial Lease
Agreement.

ARTICLE IGRANT AND TERM

1.01
Leased Premises. The LANDLORD hereby leases to the TENANT and the TENANT hereby
takes and rents from the LANDLORD the property located and described as: a commercial unit
in a condominium office building of approximately 1600 gross square feet, driveways,
parking areas, and open spaces known as Unit 108, The Executive Center Horizontal Property
Regime, Hilton Head Island, South Carolina 29926, which property is more particularly
described on Exhibit Aattached hereto and incorporated herein
(hereinafter referred to as the Leased Premises).

TENANT
shall upfit the Leased Premises to operate as bank facility. TENANTs construction
includes all trade fixtures, furniture, furnishings, fixtures, all approved signage, any
special equipment and other items necessary for TENANTs business, including but not
necessarily limited to, the items outlined on Exhibit B(TENANTs Work).

1.02
Term. The term of this Lease shall commence on August 1, 2006 and the Lease shall
end on the last day of the 120th month thereafter (July 31, 2016), unless sooner
terminated in accordance with the provisions contained herein.

1.03
Extensions. TENANT shall have an opportunity to extend the term of this Lease for
two (2) additional terms of ten (10) years each by providing written notice to LANDLORD of
its intention to do so no later than one hundred and twenty (120) days prior to the
expiration of the original Lease term or each renewal term, as the case may be. The terms
and conditions of this Lease shall apply to any such renewal term and the Base Rent shall
continue to be escalated as referenced below.

ARTICLE II RENT

2.01
Base Rent/Escalation. During the term of this Lease, TENANT covenants and agrees to
pay to LANDLORD, at LANDLORDs office or at such other place as LANDLORD may
designate, annual Base Rent in the following amounts:

| | (a)       
               From commencement of the Lease (the Commencement Date) to the second
               anniversary date of the Commencement Date, the Base Rent shall be TWENTY FOUR
               THOUSAND AND 00/100 DOLLARS ($24,000.00) per year payable in monthly
               installments of TWO THOUSAND AND 00/100 ($2,000.00).
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               At the end of the second year of the initial term, and the end of each
               subsequent two (2) year period of the initial term and of any renewal term of
               this Lease (each said two year period being hereafter called an Adjustment
               Period), the Base Rent shall be increased by the cumulative percentage
               increase in the applicable Consumer Price Index. The adjustment shall be the
               greater of: (i) the Base Rent; or (ii) the Base Rent, increased or decreased by
               100 percent (100%) of the change in the Consumer Price Index for All Urban
               Consumers, U.S. Cities, All Items (1982-1984 = 100) published by the United
               States Department of Labor, Bureau of Labor Statistics (the Index),
               over the previous Adjustment Period (for purposes of this subsection the
               Adjusted Base Rent). This periodic adjustment shall be computed by
               multiplying the Base Rent by a fraction whose numerator shall be the Index for
               the third month prior to the expiration of each Adjustment Period and whose
               denominator shall be 1998 (March 2006). Notwithstanding anything to the contrary
               stated herein,
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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| | there  shall not be any  decrease  in the Base  Rent  during  the term of the  Lease.  By way of  example,
         assuming:
| | -----------------------------------------------------------------------------------------------------------------------------

| | (1)       
               Base Rent equals $24,000.00 per year; and
| | -------------------------------------------------------------------

| | (2)       
               Index for the third month prior to the expiration of the initial Adjustment
               Period equals 201.4; and
| | ---------------------------------------------------------------------------------------------------------------------------------------------

| | (3)       
               The calculation to determine the Adjusted Base Rent for the next Adjustment
               Period would be:
| | -------------------------------------------------------------------------------------------------------------------------------------

$24,000.00 x 201.4 = $24,192.20
                            
             199.8

| | (4)       
          The Base Rent for the nest Adjustment Period would be $24,192.20.
| | --------------------------------------------------------------------------------------

(NOTE:
the above is hypothetical for illustration purposes only).

The
LANDLORD shall notify TENANT of the Adjusted Base Rent, in writing, prior to the
commencement of the succeeding Adjustment Period, provided, however, failure of LANDLORD
to so notify the TENANT in writing of the Adjusted Base Rent shall not waive
LANDLORDs right to collect said Adjusted Base Rent nor waive TENANTs
obligation to pay same.

In
the event that the Index ceases to be published during the term of this Lease or if a
substantial change is made in the means of establishing such Index, then the figure upon
which Adjusted Base Rent is to be calculated shall be an index selected by LANDLORD which
would have resulted in a similar figure assuming no termination or change in the method of
establishing the Index had been made.

2.02
Payment. All rent installments are due and payable on the 1st day of each month in
advance. The rent herein shall be paid to the LANDLORD without notice or demand and
without abatement, deduction, counterclaim or setoff.

2.03
Additional Rent. In addition to the Base Rent, TENANT shall pay as Additional
Rent during the term of this Lease and any extension or renewal thereof, any and all
sums of money or charges required to be paid by TENANT under the terms of this Lease,
whether designated Additional Rent or not. Such amounts, if not paid when due, shall be
collectible as additional rent with the next installment of Base Rent thereafter falling
due and otherwise subject to all provisions of this Lease and of law as to default in the
payment of rent. It is the intent of this Lease that the Lease shall be a triple net
lease with all costs and expenses of the LANDLORD relative to the Leased Premises,
to be paid by the TENANT either directly or via reimbursement to LANDLORD. As examples of
such costs and without limiting the generality of the foregoing, the following sums shall
be payable as Additional Rent.

| | (a)       
               All costs and expenses of operation, maintenance, repair and replacement of the
               Leased Premises, including heating, cooling, lighting, cleaning, painting,
               policing, trash removal and security.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               Cost and expense of inspecting and servicing of machinery and equipment used in
               the operation and maintenance of the Leased Premises, including, but not limited
               to equipment, signage, and personal property taxes and other charges used in
               connection with such equipment.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               In general, all costs, expenses and obligations of every kind directly relating
               to the Leased Premises, including but not limited to repairs, replacements,
               etc., which may arise or become due during the Term of this Lease.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)       
               All taxes (excluding any estate or income taxes of LANDLORD that may be incurred
               as a result of ownership of the Leased Premises) assessed or imposed at any time
               by any city, county or state government upon or against the Leased Premises and
               or the land of which the Leased Premises form a part, together with any other
               assessments or charges applicable to the Leased Premises. In the event of a
               reassessment of the Leased Premises by the local County taxing authorities, the
               LANDLORD shall be obligated for any retroactive tax increase for any period
               prior
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| | to
the commencement date of this Lease, and TENANT shall be obligated for any retroactive
increase from the Commencement Date of this Lease.
| | --------------------------------------------------------------------------------------------------------------------------------------------

| | (e)       
               All regime fees and assessments imposed by The Executive Center Horizontal
               Property Regime (the Regime) and/or The Executive Center
               Owners Association pursuant to the Master Deed defined below
               in Section 17.11;
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (f)       
               Insurance, including liability insurance for personal injury, death and property
               damage, insurance against fire, extended coverage, theft and other casualties,
               insurance against liability for defamation and claims of false arrests occurring
               in or about the Leased Premises, and plate glass insurance; and
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (g)       
               Management fees incurred by LANDLORD in an amount not to exceed five percent
               (5%) of Base Rent.
| | ----------------------------------------------------------------------------------------------------------------------------------------

2.04
Payment of Additional Rent. At Landlords option, LANDLORD may provide TENANT
a statement of estimated charges payable by TENANT under Section 2.03 for the Lease Year
in question, which estimated charges shall be payable in equal monthly installments in
advance, subject to adjustment in accordance with the term of this subparagraph. As an
alternative, as these costs may be incurred, Landlord may present the costs directly to
Tenant for payment or reimbursement. All payments must be made by Tenant with the next
monthly installment of rent so long as Tenant has received at least 20 days notice of the
request. Whenever the correct amount of an item shown on any such statement shall be
known, appropriate adjustment shall be made by LANDLORDs increasing or decreasing
TENANTS subsequent payments, by giving TENANT a credit against subsequent rent, or a
refund; if during any Lease Year or part thereof LANDLORD shall not have delivered to
TENANT the statement mentioned herein, TENANT shall continue to pay the LANDLORD the sum
as payable for the immediate preceding Lease Year until the statement of the then current
Lease Year shall have been delivered at which time the monthly payments by TENANT shall be
adjusted. LANDLORD will maintain, or cause to be maintained, complete and accurate records
of accounts in such manner and detail so as to provide a proper basis for analysis of the
statements to be furnished by LANDLORD. TENANT or its authorized representatives shall
have the right to examine said accounts and records during regular business hours for the
purpose of verifying the information set forth and any such statement provided that
written request for such inspection is made by TENANT within one hundred eighty (180) days
after receipt of such statement. The Additional Rent for the first year of the initial
term of the Lease shall be FOUR AND 40/00 DOLLARS ($4.40) per square foot ($586.60/month).

2.05
Fulfilment of Tenant Duties by Landlord. In the event that the LANDLORD decides, in
its sole discretion, to pay or perform any of the requirements and duties of the TENANT
hereunder, the cost of such shall be considered as Additional Rent and shall immediately
become due and payable in full upon payment therefor by LANDLORD.

ARTICLE IIIUSE AND OCCUPATION

3.01
Permitted Uses. During the term of this Lease, the portion of the Leased Premises
occupied by TENANT is intended to be used and occupied as a banking facility with all
ancillary banking and financial services but in lieu of such use, may be used for general
office purposes. The TENANT and any sublessee shall not use the Leased Premises for any
purpose or in violation of any law, municipal ordinance or regulation or of the Master
Deed and applicable regulations and by-laws. TENANT shall use and occupy the Leased
Premises in a careful, safe and proper manner and shall keep the Leased Premises in a
clean and safe condition in accordance with this Lease and local ordinances and the lawful
directions of proper public officers. TENANT shall not use, nor permit the Leased Premises
to be used, for any purpose other than as specified herein and shall not use nor permit
the Leased Premises to be used for any unlawful, disreputable or immoral purpose or in any
way that will injure the reputation of the Regime area, nor permit the Leased Premises to
be occupied in whole or in part by any other person, except as otherwise provided herein.

3.02
Acts of Tenant. TENANT agrees that it will not do or keep anything in or about the
Leased Premises which will contravene LANDLORDS policies insuring against loss or
damage by fire or other hazards or which will prevent LANDLORD from procuring such
policies with companies acceptable to LANDLORD.

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3.03
Exterior Alterations. TENANT shall not change the color or type of paint, stain or
other finish or covering on any part of the exterior of the Leased Premises, or otherwise
change the architectural treatment thereof without the LANDLORDs consent, which
consent shall not be unreasonably withheld. TENANT shall remove promptly upon notice from
LANDLORD any paint or any such decoration or alteration of the architectural treatment
which has been applied or installed without LANDLORDS prior written approval, or
will take such other action with reference thereto as LANDLORD may direct. Landlord will
respond to any requests of Tenant within a reasonable time frame.

3.04
Signage. TENANT shall not place, erect nor maintain on the doors, or on any
exterior surface of the PREMISE, or in any vestibule, or anywhere outside of the Leased
Premises, any sign, lettering, decoration, or advertising, except such sign(s) as may be
permitted or required by LANDLORD. LANDLORDs approval here shall not be unreasonably
withheld. TENANT shall, at its expense, maintain such permitted or required sign(s) in a
good state of repair and, upon vacating the Leased Premises, TENANT agrees to remove all
signs and to repair all damage caused by such removal.

3.05
No Waste. TENANT shall permit no waste, damage or injury to the Leased Premises and
TENANT agrees to initiate and carry out a program of regular maintenance and repair of the
Leased Premises, including the painting and/or refinishing of all areas of the interior,
so as to impede, to the extent possible, deterioration by ordinary wear and tear and to
keep the Leased Premises in attractive condition.

ARTICLE IV MAINTENANCE

4.01
Maintenance and Repair.

| | (a)       
               TENANT shall, at its own cost and expenses, keep the Leased Premises clean,
               maintaining suitable receptacles for trash and refuse, and removing from the
               Leased Premises all accumulations of trash and refuse.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               TENANT covenants and agrees that it shall, during the term of this Lease and all
               renewals thereof, at its own expense, make any and all repairs necessary and
               appropriate in order to keep the Leased Premises in good working order and
               condition, including, but not necessarily limited to, the plumbing, HVAC, window
               glass, fixtures, and all other appliances and their appurtenances, all equipment
               used in connection with the Leased Premises. Such repairs and replacements,
               interior and exterior, ordinary as well as extraordinary, shall be made promptly
               as and when necessary. All repairs and replacements shall be quality and class
               at least equal to the original work. If TENANT refuses or neglects to commence
               to complete repairs promptly as needed, and adequately, and after no less than
               thirty (30) days prior written notice to TENANT to do so, LANDLORD may,
               but shall not be required to do so, make or complete said repairs and TENANT
               shall pay the cost thereof to LANDLORD upon demand, such costs shall be
               considered an Additional Expense.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               During the term of this Lease and all renewals thereof TENANT shall maintain a
               regular HVAC service contract and shall provide evidence of same to LANDLORD
               upon request. Copies of the service reports shall be provided to LANDLORD on a
               regular basis.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

ARTICLE V ALTERATIONS

5.01
Alterations. The TENANT shall not have the right to make structural alterations or
improvements to the Leased Premises, (including the remodeling of the Leased Premises)
without obtaining prior written approval of the LANDLORD and the Regime. All alterations,
decorations, additions and improvements made by the TENANT, whose removal shall not damage
the Leased Premises or the building shall be the property of the TENANT and the TENANT
shall be entitled to remove such items on the expiration of this Lease or any renewal
thereof. All alterations, additions and improvements made by the TENANT, which are
permanent in nature or whose removal would damage the Leased Property, shall become the
property of the LANDLORD.

5.02
Tenants Work. TENANT shall fully equip the Leased Premises with personal
property necessary for the completion of the Leased Premises and the proper operation of
TENANTS business. All such items installed by TENANT shall be of first class
quality. TENANT shall not do any construction work or alterations, nor shall TENANT
install any equipment other than routine office equipment without first

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obtaining LANDLORDS written
approval of the plans and specifications therefor. The approval by LANDLORD of such plans
and specifications shall not constitute the assumption of any liability on the part of
LANDLORD for their accuracy or their conformity with Building Code requirements, and
TENANT shall be solely responsible for such plans and for all permits. If there are any
structural changes made as part of TENANTS WORK, TENANT shall take care to assure
that all roof supports are fully protected. The approval by LANDLORD of TENANTS
plans and specifications shall not constitute a waiver byLANDLORD of the right to
thereafter require TENANT to amend the same to provide for omissions therein later
discovered by LANDLORD. TENANT shall not commence any such work without first delivering
to LANDLORD a certificate evidencing public liability and property damage insurance of the
type and with the limits set forth in Article VI hereof.

5.03
No Liens. TENANT will not permit to be created nor to remain undischarged any lien,
encumbrance or charge (arising out of any work of any contractor, mechanic, laborer or
materialmen or any mortgage, conditional sale, security agreement or chattel mortgage, or
otherwise) which might be or become a lien or encumbrance or charge upon the Leased
Premises or any part thereof or the income therefrom, and TENANT will not suffer any other
matter or thing whereby the estate, right and interest of LANDLORD in the Leased Premises
or any part thereof might be impaired. If any lien or notice of lien on account of an
alleged debt of TENANT or any notice of contract by a party engaged by TENANT or
TENANTS contractor to work on the Leased Premises shall be filed against the Leased
Premises or any part thereof, TENANT, within thirty (30) days after notice of the filing
thereof, will cause the same to be discharged of record by payment, deposit, bond, order
of a court of competent jurisdiction or otherwise. If TENANT shall fail to cause such lien
or notice of lien to be discharged within the period aforesaid, then, in addition to any
other right or remedy, LANDLORD may, but shall not be obligated to, discharge the same
either by paying the amounts claimed to be due or by procuring the discharge of such lien
by deposit or by bonding proceedings, and in any such event LANDLORD shall be entitled, if
LANDLORD so elects, to compel the prosecution of an action for the foreclosure of such
lien by the lienor and to pay the amount of the judgment in favor of the lienor with
interests, costs and allowances. Any amount so paid by LANDLORD and all costs and
expenses, including attorney fees, incurred by LANDLORD in connection therewith, together
with interest thereon at the maximum legal rate from the respective dates of
LANDLORDS making of the payment or incurring of the cost and expense, shall
constitute Additional Rent payable by TENANT under this Lease and shall be paid by TENANT
to LANDLORD on demand. Nothing herein contained shall obligate TENANT to pay or discharge
any lien created by LANDLORD.

ARTICLE VI INDEMNITY AND
INSURANCE

6.01
Tenant Indemnification of Landlord. The TENANT shall indemnify the LANDLORD and
save it harmless from and against any and all claims, common actions, damages,
liabilities, and expenses in connection with loss of life, personal injury and/or damage
to the property arising from the occupancy or use by the TENANT of the Leased Premises or
any part thereof, or occasioned wholly or in part by any act or omission of the TENANT,
subtenants, successors, assigns, guests, invitees, or agents of the TENANT. The TENANT
shall also pay all costs, expenses and reasonable attorney fees that may be incurred or
paid by the LANDLORD in enforcing the covenants and agreements of this Lease.

6.02
Insurance. In addition to other security and insurance provided herein, TENANT
shall maintain in force, the following insurance:

| | (a)       
               Fire and Extended Coverage. Loss or damage by fire, flood, wind and hail and
               other risk to the Leased Premises and to the personal property, leasehold
               improvements, furniture, fixtures, and other items of personal property located
               within the Leased Premises as may be included in the broadest form of extended
               coverage insurance from time to time available in amounts sufficient to prevent
               the LANDLORD or the TENANT from being a co-insurer within the terms of the
               applicable policies and, in any event, in an amount not less than the full
               insurable value;
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               Comprehensive Insurance. Comprehensive public liability insurance in an amount
               of at least $1,000,000 for any occurrence and $2,000,000 in the aggregate
               resulting in bodily or personal injury to or the death of a person or persons
               and consequential damage arising therefrom;
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               Business Interruption Insurance. Business interruption insurance to protect the
               earnings that would have been enjoyed had no interruption occurred in amounts
               acceptable to
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| | LANDLORD,
and including coverage from damage resulting from fire, lightning, explosion, earthquake,
water or the elements, and accidental injury or damage to equipment.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)       
               Workers Compensation. Workers compensation insurance as required by law
               and employees insurance.
| | -------------------------------------------------------------------------------------------------------------------------------------------

In
order to maintain the same level of coverage that will exist at the commencement of this
Lease, the amounts and types of coverage called for herein shall be subject to review by
the LANDLORD at the end of each two year period following the commencement date and be
increased or extended if appropriate, to provide that the amounts and types of coverage
shall be at least equal to the amounts and types of coverage carried by prudent owners and
operators of properties similar to the building in this lease.

For
all of the insurance referenced in Section 6.02, TENANT agrees to pay all premiums thereof
and, not less than five (5) days prior to the commencement date of this Lease, to deliver
certificates thereof to LANDLORD, and the failure to do either shall permit LANDLORD, at
its option, to procure such insurance and pay the required premiums, which payment shall
be due as Additional Rent to LANDLORD with the next monthly installment of rent, or to
terminate this Lease. Each insurer hereunder shall agree by endorsement that it will give
LANDLORD thirty (30) days prior written notice before such policies shall be altered
or cancelled. For the insurance obtained by LANDLORD pursuant to Section 6.02, if any, the
premiums thereof shall be treated as Additional Rent as described in Section 2.03.

6.03 LANDLORD and all  mortgagees  shall be named  additional  named Insureds on all
policies required by this Lease. TENANT agrees to adhere to any other such insurance requirements set forth by any lender
or mortgagee of LANDLORD to which this Lease is subordinate.

ARTICLE VIIUTILITIES, TAXES,
ETC.

7.01
Utilities. The TENANT shall be solely responsible for and shall promptly pay all
charges on the Leased Premises for electricity and all other utilities, and shall
indemnify the LANDLORD against any liability or damage on such account. The LANDLORD shall
not be liable or responsible for any interruption of any utility or other service,
including but not limited to the heating and air conditioning system, or interruption in
the connection with the making of repairs, or improvements on the building or on the
Leased Premises, unless caused by LANDLORDs gross negligence or willful misconduct.

7.02
Taxes. The Parties agree that all Beaufort County taxes, Regime assessments,
subject to the Additional Rent reimbursement provisions of Section 2.03 above, shall be
promptly paid by LANDLORD so that the TENANT can peacefully enjoy the use of the Leased
Premises.

7.03
Pest Control. During the term of this Lease TENANT shall maintain a regular (not
less than quarterly) pest inspection service at its own cost and expense and shall provide
to LANDLORD, on an annual basis, a CL-100 form. If there are any repairs called for by
said CL-100 form, TENANT shall be responsible for making said repairs commencing within
sixty (60) days from the date of the receipt of the report, and thereafter diligently
proceeding to complete same. Such report is due on the anniversary date of the Lease each
year.

7.04
HVAC Service. During the term of this Lease TENANT shall maintain a regular HVAC
service contract and shall provide evidence of same to LANDLORD upon request. Copies of
the service reports shall be provided to LANDLORD on a regular basis.

ARTICLE VIII

ASSIGNING AND
SUBLETTING

8.01
Assignment. The TENANT shall not assign this Lease in whole or in part without the
LANDLORDS prior written consent, which consent shall not be unreasonably withheld.
In the event of any such assignment of this Lease, the TENANT shall remain liable for any
and all liability arising or occurring under this Lease after the date of such assignment.
Notwithstanding the foregoing, it is understood that TENANT may assign this Lease without
the consent of LANDLORD, upon thirty (30) days notice to LANDLORD, to a parent,
subsidiary, or affiliate of TENANT or to an entity which acquires TENANTs assets via
a stock acquisition, merger or other method. LANDLORD will grant its consent to the
assignment of the Leased Premises by TENANT to any of its affiliates such as other
TENANT-owned businesses which

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may pay rent to TENANT in exchange
for using the Leased Premises so long as such use is consistent with the primary uses as
defined in this Lease provided that all subtenants comply with the terms and conditions of
this Lease. TENANT shall provide to LANDLORD all relevant information on any sub-tenants,
including, upon request, a copy of the sub-lease.

8.02
Subletting of Unoccupied Areas. TENANT shall not be allowed to sublet any the
portion of the Leased Premises it does not occupy without prior written consent of
LANDLORD which consent shall not unreasonably be withheld. In such event, LANDLORD shall
have the right to receive a copy of the Sublease and to approve the form of Sublease.

8.03
LANDLORD Assignment. In the event of a sale, assignment or transfer by LANDLORD of
its interest in the Leased Premises to a successor-in-interest who expressly assumes the
obligations of LANDLORD hereunder, the present LANDLORD shall thereupon be released or
discharged from all of its covenants and obligations hereunder, except as to any such
obligations as shall have accrued prior to any such sale, and TENANT agrees to look solely
to such successor-in-interest of LANDLORD for performance of such obligations. The
LANDLORDs assignment of the Lease or any or all of its rights herein shall in no
manner affect TENANTs obligations hereunder. TENANT shall thereafter attorn and look
to such assignee as LANDLORD provided TENANT has first received written notice of such
assignment of LANDLORDs interest along with the name, address, telephone number and
contact person of such successor-in-interest.

ARTICLE IX DESTRUCTION OF THE
LEASED PREMISES

9.01
Destruction. Should the Leased Premises be so damaged by fire or other cause that
rebuilding or repairs cannot be completed within three hundred and sixty (360) days from
the date of the fire or other cause of damage, then LANDLORD may terminate this lease, in
which event rent shall be abated from the date of such damage or destruction. However, if
the damage or destruction is such that rebuilding or repairs can be completed within three
hundred and sixty (360) days, the LANDLORD covenants and agrees to make such repairs with
reasonable promptness and dispatch. So long as the business interruption insurance
provides for continued payments to LANDLORD, Rent shall abate for such time as the
building is untenantable and the TENANT covenants and agrees that the terms of this Lease
shall not be otherwise affected.

ARTICLE X EMINENT DOMAIN

10.01
Eminent Domain. If the whole of the Leased Premises shall be taken by any public
authority under the power of Eminent Domain, or sold under threat of such proceedings to
condemn, then this Lease shall cease from the time when possession is taken by such public
authority and the rent shall be paid up to that date. The LANDLORD shall make
proportionate refund such rent as may have been paid in advance. If any part of the Leased
Property shall be so taken as to render the remainder thereof completely unusable for the
purposes for which the Leased Property was leased, then the LANDLORD and the TENANT shall
each have the right to terminate this Lease on Thirty (30) days notice to be given the
other within Ninety (90)days after the date of such taking.

10.02
Compensation in Event of Taking. All compensation awarded or paid upon such a total
or partial taking of the Leased Property as shall be attributable to the Leased Property
owned by the LANDLORD shall belong to and be the property of the LANDLORD without any
participation by the TENANT; provided, however, that nothing contained herein shall be
construed to preclude the TENANT from prosecuting any claim directly against the
condemning authority in such condemnation proceeding for loss of the building, any
improvements thereto, or the loss of business, or depreciation to, damage to, or cost of
removal of, or the value of trade fixtures, furniture, and other personal property
belonging to the TENANT.

ARTICLE XI DEFAULT OF TENANT

11.01
Events of Default. Upon the occurrence of any one or more of the following events,
and the expiration of the applicable period herein provided for the curing of such event,
without notice, if no notice is required, or with the required notice, then there shall be
an Event of Default:

| | (a)       
               If TENANT takes advantage of any debtor relief proceeding whereby the rent or
               any part thereof is, or is proposed to be, reduced or deferred.
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| | (b)       
               If TENANT is adjudicated insolvent or bankrupt in an involuntary proceeding or
               if a receiver or trustee is appointed in such proceeding and such receiver is
               not removed within sixty (60) days after appointment.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               If TENANT makes an assignment for the benefit of creditors or takes any action
               under any voluntary insolvency or bankruptcy act.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)       
               If any liens are attached against TENANTs equipment and furnishings on or
               in the Leased Premises and are not satisfied or dissolved within thirty (30)
               days.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (e)       
               If TENANT does not make payment of any installment of rent or any other sum to
               be paid by TENANT hereunder within five (5) business days of written notice of
               nonpayment.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (f)       
               If TENANT fails in the performance of any of the other covenants or conditions
               hereof and fails to cure such non-performance, and TENANT fails to cure such
               violation within twenty (20) business days after the receipt of written notice
               from LANDLORD specifying the nonperformance, or if the default cannot reasonably
               be cured within twenty (20) days, and if TENANT has undertaken to cure such
               default, such cure period shall be extended, but in no event longer than sixty
               (60) days.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (g)       
               If TENANT, violates any environmental law, regulation, health or safety statute,
               ordinance, code relating to or imposing liability or standards concerning or in
               connection with hazardous material, and TENANT fails to cure such violation
               within twenty (20) business days after the receipt of written notice from
               LANDLORD specifying the non-performance, or if the default cannot reasonably be
               cured within twenty (20 days, and if TENANT has undertaken to cure such default,
               such cure period shall be extended, but in no event longer than sixty (60) days.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

11.02    LANDLORD's  Remedies Upon an Event of Default.  Upon the occurrence of any Event of Default,  the
LANDLORD may:

| | (a)       
               Enter the Leased Premises to cure a non-monetary default by TENANT and add the
               cost of such cure, with interest at the rate of eighteen percent (18%) per
               annum, to the amount of the next monthly installment of the annual Base Rent to
               be paid by the TENANT hereunder, but it is expressly agreed that such curing
               shall not be deemed a waiver or release of such default.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               Cancel and terminate this Lease on not less than fifteen (15) days prior written
               notice to TENANT, and on the date specified in such notice. TENANT shall then
               quit and surrender the Leased Premises to LANDLORD, but TENANT shall remain
               liable as herein provided. Upon such cancellation and termination, LANDLORD may
               at any time thereafter resume possession of the Leased Premises by any lawful
               means, with or without legal process, and remove TENANT and its effects and hold
               the Leased Premises as if this Lease had not been made.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               LANDLORD may re-enter the Leased Premises without terminating this Lease and
               prepare the Leased Premises for reletting and may occupy or relet the Leased
               Premises or any part thereof as agent of TENANT or otherwise for a term or terms
               to expire prior to, at the same time as, or subsequent to the expiration of the
               term of this Lease at LANDLORDs option and receive the rent therefor,
               applying the same first to the payment of such reasonable expenses as LANDLORD
               may have incurred in connection with such resumption of possession, preparing
               for reletting and reletting, including brokerage and reasonable attorneys
               fees, and then to the payment of damages in amounts equal to the rentals
               remaining due hereunder and to the reasonable cost and expense of performance of
               the other covenants of the TENANT. The TENANT agrees, whether or not the
               LANDLORD has relet, to pay to the LANDLORD damages equal to the remaining
               installments of rent payable hereunder and all other sums herein agreed to be
               paid by the TENANT, less the proceeds of the reletting, if any, as ascertained
               from time to time, and the same shall be payable by the TENANT on the several
               rental payment dates specified herein for the remainder of the term. No such
               reletting shall constitute a surrender and acceptance or be deemed evidence
               thereof. The TENANT hereby waives all right of redemption to which the TENANT or
               any person claiming under it might be entitled by any law now or hereafter in
               force.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)       
               If any rental payments are more than five (5) days late, LANDLORD shall have the
               option of assessing a late charge penalty of five percent (5%) of the amount of
               the rental payment.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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| | This
late charge is optional and is not to be construed as limiting LANDLORDs options
under the default provisions of this Lease as described hereinabove.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------

| | (e)       
               TENANT hereby expressly waives, so far as permitted by law, the service of any
               notice of intention to re-enter provided for in any statute, and except as is
               herein otherwise provided TENANT, for and on behalf of itself and all persons
               claiming through or under TENANT (including any leasehold mortgagee or other
               creditor), also waives any and all right of redemption or re-entry or
               repossession in case TENANT shall be dispossessed by a judgment or by warrant of
               any court or judge or in case of re-entry or repossession by LANDLORD or in case
               of any expiration or termination of this Lease. The terms enter,
               re-enter, entry or reentry as used in this
               Lease are not restricted to their technical legal meanings.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (f)       
               No failure by LANDLORD to insist upon the strict performance of any agreement,
               term, covenant or condition hereof or to exercise any right or remedy consequent
               upon a breach thereof, and no acceptance of full or partial rent during the
               continuance of any such breach, shall constitute a waiver of any such breach or
               of such agreement, term, covenant or condition. No agreement, term, covenant or
               condition hereof to be performed or complied with by TENANT, and no breach
               thereof, shall be waived, altered or modified except by a written instrument
               executed by LANDLORD. No waiver of any breach shall affect or alter this Lease,
               but each and every agreement, term, covenant and condition hereof shall continue
               in full force and effect with respect to any other then existing or subsequent
               breach thereof.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (g)       
               In the event of any breach or threatened breach by TENANT of any of the
               agreements, terms, covenants or conditions contained in this Lease, LANDLORD
               shall be entitled to enjoin such breach or threatened breach and shall have the
               right to invoke any right and remedy allowed at law or in equity or by statute
               or otherwise as though re-entry, summary proceedings, and other remedies were
               not provided for in this Lease.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (h)       
               If TENANT shall, at any time, be in default hereunder, and if LANDLORD shall
               deem it reasonable, in its sole discretion, to engage legal counsel to enforce
               or protect LANDLORDs rights hereunder, TENANT shall be obligated to
               reimburse LANDLORD for the reasonable expenses incurred thereby, including, but
               not limited to, court costs and reasonable attorney fees actually incurred, both
               at trial and on appeal.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (i)       
               Each right and remedy provided for in this Lease shall be cumulative and shall
               be in addition to every other right or remedy provided for in this Lease or now
               or hereafter existing at law or in equity or by statute or otherwise, and the
               exercise or beginning of the exercise by LANDLORD of any one or more of the
               rights or remedies provided for in this Lease or now or hereafter existing at
               law or in equity or by statute or otherwise shall not preclude the simultaneous
               or later exercise by the party in question of any or all other rights or
               remedies provided for in this Lease or now or hereafter existing at law or in
               equity or by statute or otherwise. Notwithstanding the foregoing, LANDLORD shall
               have no claim for, nor right to receive, any special, consequential or punitive
               damages, all of which are hereby waived by the LANDLORD.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

11.03
TENANT hereby expressly waives, so far as permitted by law, the service of any notice of
intention to re-enter provided for in any statute, and except as is herein otherwise
provided TENANT, for and on behalf of itself and all persons claiming through or under
TENANT (including any leasehold mortgagee or other creditor) , also waives any and all
right of redemption or re-entry or repossession in case TENANT shall be dispossessed by a
judgment or by warrant of any court or judge or in case of re-entry or repossession by
LANDLORD or in case of any expiration or termination of this Lease. The terms
lender, re-enter, entry or reentry as used in
this Lease are not restricted to their technical legal meanings.

11.04
No failure by LANDLORD or TENANT to insist upon the strict performance of any agreement,
term, covenant or condition hereof or to exercise any right or remedy consequent upon a
breach thereof, and no acceptance of full or partial rent during the continuance of any
such breach, shall constitute a waiver of any such breach or of such agreement, term,
covenant or condition. No agreement, term, covenant or condition hereof to be performed or
complied with under this Lease, and no breach thereof, shall be waived, altered or
modified except by a written instrument executed by the other party. No waiver of any
breach shall affect or alter this Lease, but each and every agreement, term, covenant and
condition hereof shall continue in full force and effect with respect to any other then
existing or subsequent breach thereof.

Page -9-

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11.05
In the event of any breach or threatened breach by TENANT of any of the agreements, terms,
covenants or conditions contained in this Lease, LANDLORD shall be entitled to enjoin such
breach or threatened breach and shall have the right to invoke any right and remedy
allowed at law or in equity or by statute or otherwise as though re-entry, summary
proceedings, and other remedies were not provided for in this Lease.

11.06
Each right and remedy provided for in this Lease shall be cumulative and shall be in
addition to every other right or remedy provided for in this Lease or now or hereafter
existing at law or in equity or by statute or otherwise, and the exercise or beginning of
the exercise by LANDLORD of any one or more of the rights or remedies provided for in this
Lease or now or hereafter existing at law or in equity or by statute or otherwise shall
not preclude the simultaneous or later exercise by the party in question of any or all
other rights or remedies provided for in this Lease or now or hereafter existing at law or
in equity or by statute or otherwise.

ARTICLE XII ACCESS BY LANDLORD

12.01
Access. The LANDLORD or LANDLORDS agent shall have the right to enter the
Leased Premises at all reasonable times with reasonable prior notice to TENANT and an
opportunity of TENANT to be present to examine the same and to show them to prospective
purchasers and/or tenants. In addition, LANDLORD or LANDLORDs agent shall have the
right to enter the Leased Premises upon the TENANTS failure to comply with its
covenants to repair, after giving the TENANT thirty (30) days notice thereof to make such
repairs, alterations, improvements or other additions to the Leased Premises that may be
required thereof without the same constituting the eviction of the TENANT in whole or in
part. Notwithstanding anything herein to the contrary, and so long as the use set forth in
Section 3.01 remains the same, in all circumstances a representative of the TENANT shall
be present during LANDLORDS entry hereunder. TENANT covenants that it shall provide
such representative without unreasonable delay.

ARTICLE XIII QUIET ENJOYMENT

13.01
Quiet Enjoyment. Upon payment by the TENANT of the rents herein provided, and upon
the observance and performance of all the covenants, terms and conditions on the
TENANTS part, the TENANT shall peaceably and quietly hold and enjoy the Leased
Premises for the term herein stated without hindrance or interruption by the LANDLORD or
any other person or persons lawfully or equitably claiming by, through or under the
LANDLORD, subject, nevertheless, to the terms and conditions of this Lease.

ARTICLE XIV SURRENDER

14.01
Surrender. The TENANT shall vacate the Leased Premises in the good order and repair
in which the Property now is, ordinary wear and tear and reasonable use and damage by the
elements excepted, and shall remove all of its personal property therefrom so that the
LANDLORD can repossess the Leased Premises not later than noon on the day upon which the
Lease or any extensions thereof ends, whether upon notice or by hold over or otherwise.
The LANDLORD shall have the same rights to enforce this covenant by an ejectment and for
damages or otherwise as for the breach of any other condition or covenant of this Lease.
The TENANT may at any time prior to or upon the termination of this Lease or any renewal
or extension thereof remove from the Leased Premises all materials, equipment and property
of every other sort or nature installed by the TENANT thereon, provided that such property
is removed without substantial or material injury to the Leased Premises and further
provided that TENANT make all repairs necessitated by such removal. Any such property not
removed shall become the property of the LANDLORD. There shall be no renewal of this Lease
by operation of law.

14.02
Holdover. In the event TENANT continues to occupy the Leased Premises after the
last day of the term hereby created, or after the last day of any extension of said term,
unless otherwise agreed in writing by LANDLORD, TENANT shall be a Tenant at Will at a
monthly rate based upon the current annual Base Rent multiplied by a factor of 1.5 and
there shall be no renewal of this Lease by operation of law.

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ARTICLE XVSUBORDINATION

15.01
Subordination. This Lease shall be subject and subordinate at all times to any
existing or future Mortgage, secured by the Leased Premises. Although no instrument or act
on the part of the TENANT shall be necessary to effectuate such subordination, the TENANT
will, nevertheless, execute and deliver such further instruments requested by the
Mortgagee or LANDLORD. LANDLORD will request and use its best efforts to obtain from
Mortgagee a non-disturbance agreement. LANDLORD agrees that upon the sale of the Leased
Premises, LANDLORDs successor-in-title shall be obligated to honor the terms of this
Lease.

15.02
Estoppel Certificates: TENANT shall, without charge therefore, at any time and from
time to time, within ten (10) days after request by LANDLORD, execute, acknowledge and
deliver to LANDLORD a written estoppel certificate certifying to LANDLORD, any mortgagee,
assignee of a mortgagee, or any purchaser of the Property, Building, or Leased Premises,
or any other person designated by LANDLORD, as of the date of such estoppel certificate:
(a) that TENANT is in possession of the Leased Premises; (b) that this Lease is unmodified
and in full force and effect (or if there have been modifications, that this Lease is in
full force and effect as modified and setting forth such modification); (c) whether or not
there are then existing any set-offs or defenses against the enforcement of any right or
remedy of LANDLORD, or any duty or obligation of TENANT against the enforcement of any
right or remedy of LANDLORD, or any duty or obligation of TENANT hereunder (and, if so,
specifying the same in detail); (d) the amount of the Base Rent and the dates through
which Base Rent and Additional Rent have been paid; (e) that TENANT has no knowledge of
any then uncured Defaults on the part of LANDLORD under this Lease (or if TENANT has
knowledge of any such uncured Defaults, specifying the same in detail): (f) that TENANT
has no knowledge of any even having occurred that authorizes the termination of this Lease
by TENANT (or if TENANT has such knowledge, specifying the same in detail); (g) the amount
of any Security Deposit held by LANDLORD; and (h) such reasonable other information
requested by LANDLORD, such mortgagee, assignee of such mortgagee, such purchaser or such
other person. Failure to deliver the certificate within the ten (10) days after request by
LANDLORD shall be conclusive upon TENANT for the benefit of LANDLORD and any successor to
LANDLORD that this Lease is in full force and effect and has not been modified except as
may be represented by the party requesting the certificate. If TENANT fails to deliver the
certificate within the ten (10) days after requested by LANDLORD, then by such failure
TENANT shall irrevocably constitute and appoint LANDLORD as its attorney-in-fact to
execute and deliver the certificate to any third party.

ARTICLE XVI NOTICES

16.01
Notices. All notices and all documents to be given or delivered hereunder shall be
in writing and shall be effective when delivered or on the third (3rd) business day
following the date upon which such notice is deposited to the United States Postal Service
(or successor thereto) postage prepaid, registered or certified mail, return receipt
requested, and addressed to the below stated address or such other address as shall be
designated from time to time by that respective party:

|          | 
|--------- | 
|LANDLORD: | 
|          | 
|          | 
|          | 
|          | 

|        |  |                           | 
|------- |  | ------------------------- | 
|TENANT: |  |                           | 
|        |  | Atlantic Community Bank   | 
|        |  | 1 Sheridan Drive, Suite J | 
|        |  | Bluffton, SC 29910        | 

ARTICLE XVII MISCELLANEOUS
PROVISIONS

17.01    South  Carolina  Law.  This Lease shall be governed by,  construed,  and  enforced in  accordance
with the laws of the State of South Carolina.

17.02
Successors and Assigns. The covenants, terms, conditions, provisions, and
understandings in this Lease or in any renewal thereof, shall extend to and be binding
upon the successors and assigns, heirs and executors, of the respective parties hereto, as
if they were in every case named and expressed and shall be construed as covenants running
with the land; and wherever reference is made to either of the parties

Page -11-

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hereto, it shall be held to include
and apply to all the successors and assigns of such parties, as if each and every case so
expressed.

17.03
Modification. The parties agree to execute and deliver any instruments in writing
necessary to carry out any agreement, term, conditions, or assurance in this Lease
whenever occasion shall arise and request for such instrument shall be made, including a
short form lease for recording purposes.

17.04
Entire Agreement. This Lease, together with all exhibits, contains the entire
agreement and understanding between the parties. There are no oral understandings, terms
or conditions, and neither party has relied upon any representation, express or implied,
not contained in this Lease or the simultaneous writings heretofore referred to. All prior
understandings, terms, or conditions are deemed to be merged in this Lease. No subsequent
alteration, amendment or condition to this Lease shall be binding upon the LANDLORD or the
TENANT unless reduced to writing and signed by each party.

17.05
Severability. If any provision of this Lease shall be declared invalid or
unenforceable, the remainder of the Lease shall continue in full force and effect.

17.06    Time is of the essence of this Lease.

17.07    Landlord's  Liability.  The  LANDLORD  shall  not be  liable  for  injury  or damage to person or
property occurring within the Leased Premises.

17.08
Payment on Account. No payment by TENANT or receipt by LANDLORD of a lesser amount
than the rental and other charges herein stipulated shall be deemed to be other than on
account of the earliest stipulated rent and other charges nor shall any endorsement or
statement on any check or any letter accompanying any check or payment be deemed an accord
and satisfaction, and LANDLORD may accept such check or payment without prejudice to
LANDLORDS right to recover the balance of such rent and other charges or pursue any
other remedy provided for in this Lease or available at law or in equity.

17.09
Security Deposit. TENANT, concurrently with the execution of this LEASE, has
deposited with LANDLORD the sum of TWO THOUSAND AND 00/100 DOLLARS ($2,000.00) (the
Security Deposit) as security for the full and faithful performance of every
provision of this LEASE to be performed by TENANT. If TENANT defaults with respect to any
provision of this LEASE, including but not limited to the provisions relating to the
payment of all or any portion of the Rent set forth in Article III above, LANDLORD may
use, apply or retain all or any part of the Security Deposit for the payment of any rent
or any other sum in default, or for the payment of any other amount which LANDLORD may
spend or become obligated to spend by reason of TENANTS default or to compensate
LANDLORD for any other loss or damage which LANDLORD may suffer by reason of TENANTS
default. If any portion of the Security Deposit is so used or applied, TENANT shall,
within five (5) days after written demand therefor, deposit cash with LANDLORD in an
amount sufficient to restore the Security Deposit to its original amount. LANDLORD shall
not be required to keep the Security Deposit separate from its general funds and TENANT
shall not be entitled to interest on such deposit. If TENANT shall fully and faithfully
perform each provision of this LEASE to be performed by it, the Security Deposit or any
balance thereof shall be returned to TENANT (or at LANDLORDS option, to the last
assignee of TENANTS interest hereunder) at the expiration of the Lease term and upon
TENANTS vacation of the Leased Premises.

17.10
Counterparts. This Lease may be executed in counterparts, which when taken together
shall constitute one valid and enforceable agreement.

17.11
The Executive Center Horizontal Property Regime. The Leased Premises are also part
of a commercial condominium known as The Executive Center Horizontal Property Regime (the
Regime), by virtue of the Master Deed creating same, recorded in Book 346at Page 49, as amended (the Master Deed). TENANT agrees to comply
with such Master Deed, and all exhibits thereto.

17.12
No Partnership. LANDLORD does not in any way or for any purpose become a partner of
TENANT in the conduct of its business or use of the Leased Premises; no estate shall pass
out of LANDLORD; TENANT has only a leasehold interest, not subject to levy and sale, and
not assignable except as provided herein.

17.13
Titles and Paragraph Headings. The titles and paragraph headings used herein are
for purposes of convenience only and are not to be considered substantive in matters of
construction.

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17.14
No Brokers. TENANT warrants that TENANT has had no dealing with any real estate
broker or agent regarding this LEASE of the Leased Premises and TENANT agrees to hold
LANDLORD harmless from any claims for any other brokers commissions or finders
fees or claims from any party claiming by or through TENANT.

17.15
Parking. TENANT and TENANTs employees, guests and invitees shall comply with
all parking regulations as adopted from time to time by LANDLORD. Specifically, TENANT and
TENANTs employees, guests or invitees shall park in the designated employee areas
and shall not park in the area reserved for customers. Upon request of LANDLORD, TENANT
shall furnish LANDLORD with automobile license numbers assigned to TENANTS car or
cars of TENANTS employees within five (5) days after taking possession of the Leased
Premises and shall thereafter notify LANDLORD of any changes within five (5) days after
such changes occur.

Page -13-

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IN
WITNESS WHEREOF, the Landlord and Tenant have executed this Lease effective as of the
date and year above written.

|                     | 
|-------------------- | 
|WITNESSES:           | 
|                     | 
|____________________ | 
|____________________ | 

|                                | 
|------------------------------- | 
|WITNESSES:                      | 
|                                | 
|                                | 
|_______________________________ | 
|_______________________________ | 

Page -14-

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# Exhibit A

Leased Premises

All that certain condominium units
known as Unit 108 The Executive Center Horizontal Property Regime shown and described in
the Master Deed of The Executive Center Horizontal Property Regime and recorded in the
Office of the Register of Deeds for Beaufort County, South Carolina, in Book 346 at Page
at Page 49.