EX-10.25





 Exhibit 10.25 

SIXTH AMENDMENT TO AGREEMENT OF LEASE 

Investment Property Group, LLC/Medallion Bank 

THIS AMENDMENT (this “Amendment”) is entered into as of the 26 day of January, 2017, between INVESTMENT
PROPERTY GROUP, LLC, a Utah limited liability company, as successor-in-interest to B-LINE Holdings, L.C. (“Landlord”), and MEDALLION BANK,
a Utah Industrial Bank (“Tenant”), (Landlord and Tenant are referred to in this Amendment collectively as the “Parties” and individually as a “Party.”) 

WHEREAS, by an Agreement of Lease dated July 3, 2002, and as amended with five amendments (collectively the “Lease”), Landlord
has leased the space known as Suite 505, 510, 515, and 518 (consisting of approximately 7,383 rental square feet (“RSF”) in the building located at 1100 East 6600 South, Salt Lake City, Utah (the “Building”) to Tenant; and 

WHEREAS, Suite 525 in the Building containing approximately 99 RSF (93 usable square feet) is available and Tenant has elected to lease said
Suite 525 further described and attached hereto in Exhibit A; and 
 WHEREAS, the parties desire to again amend the Lease pursuant to the
following provisions. 
 NOW, THEREFORE, for and in consideration of the mutual entry into this Amendment, the parties hereto do hereby
amend the Lease as follows. It is the parties’ intent that the Lease be amended through the current Lease Termination date of November 30, 2017. 

1. Premises. The Premises shall be Suites 505, 510, 515, 518, and now 525, consisting of approximately 7,482 rentable square feet
(“RSF”) (collectively the “Premises”). 
 2. Tenant’s Percentage. The Tenant’s Percentage shall be
11.135% (7,482 / 67,194 total rentable square feet) 
 3. Base Rent. The Tenant’s “Base Rent” for the Premises shall
be (based upon the additional 99 RSF at $23.00 PSF): 
  

									
	 	  	Term	  	Base Rental Rate	 	  	Monthly Installment
	 Suite 525
	  	03/1/2017 to 11/30/2017	  	 	$23.00 per RSF/yr.	 	  	$     189.75
	 Existing Space
	  	03/1/2017 to 11/30/2017	  	 	$20.83 per RSF/yr.	 	  	$12,815.66
		  	Totals:	  				  	$13,005.41

 4. Tenant Improvements. Tenant agrees that Suite 525 will be delivered to Tenant in an “as-is” condition. If Tenant desires to make any modifications to the space, any changes shall be subject to the approval of Landlord. 

5. Authorization. Each Party represents and warrants that: 

(a) the individual executing this Amendment on behalf of such Party has full power and authority under such Party’s governing documents
to execute and deliver this Amendment in the name of, and on behalf of, such Party and to cause such Party to perform its obligations under this Amendment; 

(b) such Party is duly organized and in good standing under the laws of the state of its formation; and 












 (c) such Party has the power and authority under all applicable laws and its governing
documents to execute and deliver this Amendment and to perform its obligations under this Amendment. 
 6. Brokerage Commissions.
Except as agreed in writing by Landlord, Landlord represents and warrants that no claim exists for a brokerage commission, finder’s fee or similar fee in connection with this Amendment based on any agreement made by Landlord. Landlord shall
indemnify, defend and hold harmless Tenant from and against any claim for a brokerage commission, finder’s fee or similar fee in connection with this Amendment based on an actual or alleged agreement made by Landlord. Tenant represents and
warrants that no claim exists for a brokerage commission, finder’s fee or similar fee in connection with this Amendment based on any agreement made by Tenant. Tenant shall indemnify, defend and hold harmless Landlord from and against any claim
for a brokerage commission, finder’s fee or similar fee in connection with this Amendment based on an actual or alleged agreement made by Tenant. 

7. Entire Agreement. The Lease, as amended by this Amendment, exclusively encompasses the entire agreement of the Parties, and
supersedes all previous negotiations, understandings and agreements between the Parties, whether oral or written, including, without limitation, any oral discussions, letters of intent and email correspondence. The Parties acknowledge and represent,
by their signatures below, that the Parties have not relied on any representation, understanding, information, discussion, assertion, guarantee, warranty, collateral contract or other assurance, except those expressly set forth in the Lease and this
Amendment, made by or on behalf of any other Party or any other person whatsoever, prior to the execution of this Amendment. The Parties waive all rights and remedies, at law or in equity, arising or which may arise as the result of a Party’s
reliance on such representation, understanding, information, discussion, assertion, guarantee, warranty, collateral contract or other assurance. 

8. General Provisions. In the event of any conflict between the provisions of the Lease and the provisions of this Amendment, the
provisions of this Amendment shall control. Except as set forth in this Amendment, the Lease is ratified and affirmed in its entirety. This Amendment shall inure to the benefit of, and be binding on, the Parties and their respective successors and
assigns. This Amendment shall be governed by, and construed and interpreted in accordance with, the laws (excluding the choice of laws rules) of the state of Utah. This Amendment may be executed in any number of duplicate originals or counterparts,
each of which when so executed shall constitute in the aggregate but one and the same document. Each exhibit referred to in, and attached to, this Amendment is an integral part of this Amendment and is incorporated in this Amendment by this
reference. 
 [Remainder of page intentionally left blank; signatures on following page] 

  
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 THE PARTIES have executed this Amendment on the respective dates set forth below, to
be effective as of the date first set forth above. 
  

			
	LANDLORD:
	
	 INVESTMENT PROPERTY GROUP, LLC,

a Utah limited liability company

		
	By  	 	 




  

	
	Print or Type Name of Signatory:
		
	 	 	[Illegible]
		
	Its  	 	Manager
		
	Date  	 	01-26-2017


  

			
	TENANT:
	
	 MEDALLION BANK,
 a Utah
Industrial Bank

		
	By  	 	




	
	Print or Type Name of Signatory:
		
	 	 	Justin Haley
		
	Its  	 	SUP
		
	Date  	 	1/26/2017



  
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 EXHIBIT A 

Suite 525 
  

 
 (See attached) 

  
 Exhibit A