Document:

First Lease Amendment

 EXHIBIT 10.4 
  
 FIRST AMENDMENT TO LEASE AGREEMENT 
  
 THIS FIRST AMENDMENT (“First Amendment”) is made as of the          day of February, 1998, by and
between ORIX HOGAN—BURT PINELLAS VENTURE (“Landlord”) and DIGITAL LIGHTWAVE INC. (“Tenant”) 
  
 RECITALS 
  
 a. Landlord and Tenant have entered into that certain Lease Agreement with an Effective Date of January 14, 1998 (the “Lease”). 
  
 b. All of the defined terms used in the Lease shall have the same meaning in this First Amendment. 
  
 c. Landlord and Tenant desire to amend the Lease on the terms and conditions
set forth in this First Amendment. 
  
 NOW THEREFORE, in
consideration of Ten Dollars ($10.00) and other valuable consideration, Landlord and Tenant agree as follows: 
  

	 	1.	The Recitals are incorporated herein and made a part hereof by this reference. 

  

	 	2.	The Substantial Completion Date as set forth in Section 2.5(e) of this Lease and all construction delivery dates and construction deadlines contained in Exhibit D of this Lease are
hereby extended for a period of fifteen (15) days. 

  

	 	3.	 Section 2.13(a) is hereby amended by dividing the $1,844,500.00 Tenant Improvement Allowance into two components, as follows: (i) Landlord hereby agrees to provide
the amount of $944,500.00 ($10.24 per square foot for 92,225 square feet) for the Tenant Improvement Allowance, and (ii) Tenant hereby agrees to provide $900,000.00 for the Tenant Improvement Allowance, such amount shall be deposited by Tenant into
a separate interest bearing escrow account to be held in escrow by Landlord as trustee to secure Tenant’s obligations hereunder upon thirty (30) days after receipt of written notice from Landlord, provided, however, in no event shall such
$900,000.00 escrow deposit be made earlier than June 15, 1998. In connection therewith, it is understood and agreed that the $944,500.00 Landlord component of the Tenant Improvement Allowance will be applied first to payment of the Tenant
Improvement Allowance and then the $900,000.00 Tenant component of the Tenant Improvement Allowance will be withdrawn as needed from the escrow 

  

	 	 
account and applied to payment of the Tenant Improvement Allowance. Payments shall be disbursed from the escrow account upon Landlord’s submission of an
invoice to Tenant notifying Tenant that such amounts are due under the Tenant component of the Tenant Improvement Allowance. Tenant’s failure to promptly make the $900,000 escrow deposit as required hereunder shall constitute an Event of
Default under this Lease and entitle Landlord to draw such amount under the Letter of Credit on the terms and conditions set forth in Section 27 of this Lease. If any portion of the $900,000.00 escrow account has not been disbursed within sixty (60)
days after Substantial Completion, such undisbursed portion shall be returned to Tenant by Landlord, together with all interest accrued thereon. 

  

	 	4.	Section 3.1(a)(i) is hereby amended to reduce the rent from “$923,154.00 per annum ($14.94 per Rentable Square Foot”) to “$829,554.00 per annum ($13.43 per Rentable
Square Foot)”. 

  

	 	5.	Subsection (i) of the second paragraph of Section 3.1(a) is hereby amended to reduce the Base Rent for the Second Lease Year from “$1,400,897.76 per annum ($15.19 per Rentable
Square Foot)” to “$1,307,297.76 per annum ($14.175 per Rentable Square Foot)”. 

  

	 	6.	Section 27 is hereby amended to reduce the original stated amount of the Letter of Credit to be provided by Tenant thereunder from “$2,500,000.00” to
“$2,300,000.00”, and the amount of the replacement Letter of Credit for the “Second Lease Year” is changed from “$2,375,000.00” to “$2,300,000.00”. 

  

	 	7.	Except as expressly amended by this First Amendment, all the terms and conditions of the Lease shall remain in full force and effect and are hereby ratified and confirmed by the
parties hereto. 

  

	 	8.	This First Amendment may be executed in separate counterparts (facsimile transmission of signature pages shall be acceptable), each of which shall be deemed an original and all of
such counterparts together shall constitute one and the same instrument. 

  

	 	9.	The delivery dates for the letters of credit referenced in Section 27 and Section 29 of this Lease are hereby extended to February 20, 1998. 

  

	 	10.	Exhibit G of the Lease is hereby amended to reduce the Purchase Price as set forth in Section II thereof from “$15,436,963.00” to “$14,536,963.00”.

  

 - 2 - 

 IN WITNESS WHEREOF, the foregoing is entered into as of the date first above written. 
  

															
	 	 	 	 	 ORIX HOGAN BURT PINELLAS VENTURE,
a Florida general partnership

			
	 	 	 	 	 By its sole general partners:

				
	 	 	 	 	 	 	 By: Hogan - Burt DOT, Inc., a Florida corporation

							
	 	 	 	 	 	 	 	 	 	 	 By:
	 	 

															
	 Name:
	 	 	 	 	 	 	 	 	 	 	 	 Name:
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 Title:
	 	 
	 Name:
	 	 	 	 	 	 	 	 	 	 	 	 	 	(corporate seal)
						
	 	 	 	 	 	 	 	 	 	 	 Dated:
                     , 1998

					
	 	 	 	 	 	 	 	 	 By: ORIX Pinellas, Inc., an Illinois corporation

							
	 	 	 	 	 	 	 	 	 	 	 By:
	 	 

															
	 Name:
	 	 	 	 	 	 	 	 	 	 	 	 Name:
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 Title:
	 	 
	 Name:
	 	 	 	 	 	 	 	 	 	 	 	 	 	(corporate seal)
						
	 	 	 	 	 	 	 	 	 	 	 Dated:
                     , 1998

  

 3 

											
	 	 	 	 	 TENANT:

			
	 	 	 	 	 DIGITAL LIGHTWAVE, INC.

			
	 	 	 	 	(SEAL)                        
					
	 	 	 	 	 	 	 By:
	 	 
	 Name:
	 	 	 	 	 	 	 	 Name:
	 	 
	 	 	 	 	 	 	 	 	 Title:
	 	 
						
	 Name:
	 	 	 	 	 	 	 	 Dated:Summary Descriptions of Director and Executive Compensation

 AUBURN NATIONAL BANCORPORATION, INC. AND SUBSIDIARIES 
 EXHIBIT 10.3 
  
 SUMMARY DESCRIPTIONS OF DIRECTOR AND EXECUTIVE COMPENSATION 
  
 Description of Director Compensation 
  
 Each director of Auburn National Bancorporation (the “Company”) and Auburn Bank (the “Bank”) currently receives $600 for each Company
and Bank board meeting attended. In addition, for his services as such, the Chairman of the Company’s and the Bank’s Board of Directors receives $1,200 for each meeting attended. Members of the Audit Committee and Compensation Committee of
the Company which also serve as the Audit Committee and Compensation Committee of the Bank, receive an additional fee of $100 for each committee meeting attended, while each Chairman of these committees receives $200 per meeting. Members of the
Bank’s Loan Committee, Asset/Liability Committee and IT/IS Steering Committee receive $100 per meeting attended. The Company’s and the Bank’s directors may receive year-end bonuses based upon the Company’s financial performance.
In 2004, total fees and bonuses paid to Company and Bank Directors equaled $116,900. The compensation of directors may be changed from time to time by the Board of Directors upon recommendation of the Compensation Committee without shareholder
approval. 
  
 Description of Named Executive Officer
Compensation 
  
 Total compensation to the named executive
officers (as defined in Securities and Exchange Commissions Regulation S-K Item 402(a)(3)) of the Company and the Bank is primarily composed of two types of compensation: (1) base salary and (2) short-term annual cash incentive compensation.

  
 Base Salary 
  
 Individual base salaries and increases for the Company’s named
executive officers, other than the President and Chief Executive Officer, are recommended annually by the Chief Executive Officer to the Compensation Committee and are determined by the Company’s Board of Directors, upon recommendation by the
Compensation Committee. The philosophy of the Company is that compensation should be based on individual annual performance and the performance of the Company, and should be competitive with the market. With respect to the Chief Executive Officer,
the Compensation Committee reviews the financial performance of the Company as well as published data regarding compensation of chief executive officers of comparable financial institutions located in comparable markets and of local banks and
thrifts. The Compensation Committee recommends the compensation of the Chief Executive Officer to the Board of Directors for final approval. The approval process takes place without the presence of the Chief Executive Officer. 
  
 Set forth below are the 2005 base salaries of the following named executive
officers of the Company. Base salaries paid in 2004 are also shown for comparison. 
  

							
	 Named Executive Officer

	  	2005

	  	2004

	 E. L. Spencer, Jr.
	  	$	200,000	  	$	195,672
	 Robert W. Dumas
	  	 	170,000	  	 	161,705
	 Terrell E. Bishop
	  	 	122,477	  	 	117,766
	 Jo Ann Hall
	  	 	122,521	  	 	117,809
	 W. Thomas Johnson
	  	 	110,943	  	 	106,676

 Short-Term Annual Cash Incentive Compensation 
  
 Short-term annual cash incentive compensation in the form of bonuses is
intended to align short-term cash compensation of eligible Company officers with individual performance and Company performance. The Compensation Committee, using recommendations of the Chief Executive Officer and with full Board approval, approves
annual bonus payments to those officers who have made contributions to the Company’s profitability, as measured and reported through individual performance goals established at the beginning of the year. This philosophy controls compensation
expenses and rewards past performance by reducing the need for significant annual base salary increases. 
  
 Set forth below are the annual cash bonuses paid in 2005 to the Company’s named executive officers for performance in the year ended December 31,
2004. 
  

				
	 Named Executive Officer

	  	2004

	 E. L. Spencer, Jr.
	  	$	30,500
	 Robert W. Dumas
	  	 	36,000
	 Terrell E. Bishop
	  	 	22,000
	 Jo Ann Hall
	  	 	20,000
	 W. Thomas Johnson
	  	 	18,500
	 	  	
	

	 Total
	  	 	127,000
	 	  	
	

  
 Annual cash bonuses
for 2005 will be determined in early 2006. The Company expects individual 2005 bonuses to be determined using the same criteria as applied to determine 2004 bonuses. 
  
 Other Compensation 
  
 In addition to base salary and short-term annual cash incentive compensation, certain officers of the Company and the Bank,
including the named executive officers, receive compensation in the form of Company contributions to the 401(k) Plan. Any such compensation paid to the Company’s named executive officers under these compensation arrangements during 2004 will be
set forth under “Other Compensation” in the Summary Compensation Table of the Company’s 2005 Proxy Statement to be filed with the Commission on Schedule 14A.

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