Document:

Lease between Progressive Bank, N.A. and O. V. Smith & Sons of Big Chimney, Inc.

 Exhibit 10.4 
 LEASE AGREEMENT 
 THlS LEASE AGREEMENT, Made and entered this
7th day of March, 2006, by and between O.V. SMITH & SONS OF BIG CHIMNEY, INC., a West Virginia Corporation, party of the first part, hereinafter referred to as Lessor, and PROGRESSIVE BANK, N.A., a National Banking Association, party of the
second part, hereinafter referred to as Lessee: 
 WITNESSETH: 
 That for and in consideration of the premises and the mutual covenants and agreements herein contained, to be observed, kept and performed
by the respective parties hereto, Lessor does hereby LEASE unto Lessee all of that certain tract of land together with the building situate thereon (said building containing approximately 2,047 square feet, more or less), both of which are currently
occupied and/or used by Lessee, all as shown on Exhibit A attached hereto and made a part hereof, hereinafter collectively referred to as the Leased Premises in which Lessee will operate a banking facility. The Leased Premises has an address of 100
Market Place Shopping Center, Suite 10, Weston, Lewis County, WV 26452. Lessor further grants to Lessee and its agents, employees and customers, the right to use in common with others at the shopping center, the parking and other common areas at the
shopping center. 
 The Lessor and Lessee hereby covenant and agree as follows: 
 1. TERM. The primary term of this Lease shall be for a period of two (2) years, beginning April 1, 2006 and ending two
(2) years afterward. 
 2. RENEWAL. If Lessee shall have fully kept and performed the agreements and covenants of
this Lease, Lessee shall have the right and option to renew this Lease for successive terms upon the terms and conditions as contained in this Lease unless otherwise negotiated by the parties, as follows: i) FIRST OPTION – One (1) –
two (2) year term commencing April 1, 2008 and ending March 31, 2010; ii) SECOND OPTION – One (1) – two (2) year term commencing April 1, 2010 and ending March 31, 2012; iii) THIRD OPTION –
One (1) – five (5) year term commencing April 1, 2012 and ending March 31, 2017; and, iv) FOURTH OPTION – One (1) -five (5) year term commencing April 1, 2017 and ending March 31, 2022. The rental
rate applicable to any such renewal terms however, shall be as stated at paragraph 3. If Lessee elects to exercise the option to renew this Lease for such additional terms, Lessee shall render notice of such intention, in conformity with Paragraph
24, at least sixty (60) days before the expiration of the then current term. In the event of non-renewal and if Lessee maintains tenancy, Lessee shall be a ‘holdover’ tenant pursuant to paragraph 16, for a period of time not to exceed
six (6) months at which time this Lease shall automatically be renewed for the next option period at the rate applicable to said option period as provided at Paragraph 3 or, if no option period is applicable, this Lease shall automatically be
renewed for a term equivalent to the primary term at a rate which is ten (10) percent higher than the rent being paid for the immediately preceding option period. If Lessee wishes to avoid having this Lease automatically renew as provided
herein, Lessee shall notify Lessor of such at least sixty (60) days before the expiration of the then current term. 
 3.
RENT. The Lessee shall pay to Lessor minimum rent at the rate of Twenty-Six Thousand Four Hundred Dollars ($26,400.00) per year for the term of this Lease, payable in monthly installments of Two Thousand Two Hundred Dollars ($2,200.00), due
and payable on the first day of each month, commencing April 1, 2006. A late fee of One Hundred Dollars ($100.00) shall be assessed for any rent not received by the tenth day of any month. All such minimum rent shall be considered as monthly
installments on the whole amount of the annual rent due for that respective year. 
 If this Lease is renewed for any successive
terms in accordance with the provisions of Paragraph 2, Lessee shall pay rent to Lessor as follows: i) FIRST AND SECOND OPTION – Two Thousand Four Hundred Dollars ($2,400.00) per month; ii) THIRD OPTION – Two Thousand Six
Hundred Dollars ($2,600.00) per month; and, iii) FOURTH OPTION – Two Thousand Eight Hundred Dollars (2,800.00) per month. Monthly rent for all renewal terms is due and payable on the first day of each month, commencing on the first
day of the first month of the year of any such renewal, and all such minimum rent shall be considered as monthly installments on the whole amount of the rent due for such renewal term. 
  

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 All rents to be paid by Lessee to Lessor during the term of this Lease or any extension or
renewal hereof, shall be made payable to the order of “O.V. Smith & Sons of Big Chimney, Inc.”, and mailed, first class U.S. mail, postage prepaid to: 
  

	
	 O.V. Smith & Sons of Big Chimney, Inc.
 P.O. Box 12150
 Big Chimney Station
 Charleston, WV 25302

 4. DEFAULT. In the event that
Lessee should default in the payment of rent reserved herein, as and when the same becomes due and payable, or in the event that Lessee becomes bankrupt, insolvent or makes an assignment for the benefit of creditors, or in the event that Lessee
defaults in the performance of any of its other agreements and covenants hereunder, then Lessor may, at its election, treat this Lease as forfeited, and re-enter and repossess the Leased Premises without notice or demand therefore other than as
required herein. Should default in the payment of rent occur, then, in addition to its other rights hereunder, Lessor may, at its election, declare the balance of rental payments for the remaining term of this Lease or any extension or renewal
thereof to be immediately due and payable. No default or breach of any covenant hereunder shall be deemed to have occurred on the part of Lessee until written notice of such default or breach complained of shall have been given to Lessee, and Lessee
shall have failed to remedy such default or breach within ten (10) days after receiving such notice. Any waiver of default hereunder shall not act or be construed to be a waiver of the rights of Lessor in the event of a subsequent default.
Re-entry and repossession by Lessor shall not prejudice any remedies which Lessor may otherwise have under appropriate state laws for the recovery of the arrears of rent or for damages for the breach of this Lease. 
 5. USE. The Lessee, throughout the term of this Lease or any extension or renewal hereof, shall use the Leased Premises for a banking
facility together with offices and other facilities necessary in the operation thereof, and for no other purpose unless consent in writing shall be first secured from the Lessor. Although the Lessor shall at all times have absolute discretion
regarding consent for a different use, consent shall not be unreasonably or arbitrarily withheld, conditioned or delayed. The Lessee further covenants that it will not permit any unlawful or immoral practice or business to be carried on or committed
upon the Leased Premises. 
 6. SUBLETTING OR ASSIGNING. The Lessee may sublet or assign the Leased Premises only with
the prior written consent of the Lessor and further provided, that with respect to assignment any succeeding entity shall fully assume in writing all obligations of Lessee under this Lease. Regarding subletting, the Lessee shall at all times remain
primarily liable for the obligations of this Lease and no sublease rent shall exceed Lessee’s rent herein. The Lessor may assign this Lease without the consent of Lessee, provided, however, that any such assignment shall be made expressly
subject to the terms and conditions of this Lease Agreement. 
 7. LIABILITY. Lessee shall indemnify and hold Lessor
harmless from and against all costs, damages, claims, liabilities and expenses (including attorneys’ fees) suffered by or claimed against Lessor, directly or indirectly based on, arising out of or resulting from (i) Lessee’s use,
occupancy, repair or maintenance of the Leased Premises or the business conducted by Lessee, (ii) any act or omission by Lessee or Lessee’s employees, agents, assignees, subtenants, contractors, licensees or invitees, or (iii) any
breach or default in the performance or observance of Lessee’s covenants or obligations under this Lease. 
 8.
INSURANCE. The Lessor shall carry and pay all premiums for full fire and casualty insurance coverage to the full insurable value of its building on the Leased Premises as well as have liability coverage for the common areas of the shopping
center. 
 The Lessee shall carry and pay all premiums for full fire and casualty insurance coverage on all leasehold
improvements, personal property, fixtures, equipment and inventory that it may install or which may be on the Leased Premises. Lessee shall, during the term of this Lease or any

  

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extension or renewal hereof), keep in full force and effect, a policy of public liability and property damage insurance with respect to the Leased Premises, the areas surrounding the Leased
Premises and under the Lessee’s control (i.e., walkways, parking area, etc.) and the business conducted by Lessee and any subtenants of Lessee on the Leased Premises in the minimum amount of One Million ($1,000,000.00) Dollars to all persons
per accident, and Five Hundred Thousand ($500,000.00) Dollars to one person, and in which the property damage liability shall not be less than One Hundred Thousand ($100,000.00) Dollars. The policy shall name Lessor as an additional insured and
shall contain a clause that the insurer will not cancel or change the insurance without first giving the Lessor ten (10) days prior written notice. A copy of the policy or a certificate of insurance shall be delivered to Lessor. If Lessee shall
fail to provide adequate liability insurance as specified herein, then Lessor may provide such coverage with the premium for such insurance payable by Lessee as additional rent within thirty (30) days after receipt of an invoice from Lessor or
its insurer. Lessee shall, at its option, during the term of this Lease or any extension or renewal hereof) carry and pay all premiums for plate glass insurance on all glass doors and windows on the Leased Premises since the Lessee assumes full
responsibility for any damage thereto. It is understood and agreed that the Lessor shall not be liable to the Lessee for loss or damage to the contents, including but not limited to, inventory and equipment on the Leased Premises, caused by fire and
other perils to be insured against in accordance with this paragraph. 
 9. LESSEE INSTALLATIONS. The Lessee may install
in and upon the Leased Premises, at its sole expense, any and all items of personal property, fixtures, partitions, equipment and signs, which are necessary and proper in the general conduct of its business, but none of which shall be installed upon
the roof or outside walls of the building on the Leased Premises without the written consent of the Lessor. Such consent shall not be unreasonably or arbitrarily withheld, conditioned or delayed by the Lessor. Upon the expiration, cancellation or
termination of this Lease or any extension or renewal hereof, the Lessee may remove, at its sole expense, any or all of the said items, provided Lessee is not otherwise in default of the performance of its obligations under this Lease, but agrees,
that if the installation or removal of any such personal property, fixtures, partitions, equipment and signs causes any material damage to any portion of the Leased Premises, then such damage shall either be repaired or the Lessor shall be
reasonably compensated therefore. Any personal property, fixtures, partitions, equipment and signs placed upon the Leased Premises by the Lessee and remaining after surrender, cancellation or termination of this Lease, shall be the sole property of
the Lessor, to be dealt with and disposed of as the Lessor may desire, and all rights of the Lessee therein shall thereupon be lost and terminated, but Lessor shall be compensated for the reasonably estimated costs to repair any damage which will
result from Lessor’s subsequent removal of the same. 
 10. MAINTENANCE AND HEATING/AIR CONDITIONING. The Lessor
will be responsible and pay for all necessary repair and maintenance work for the exterior of the Leased Premises at all times during the term hereof, including the roof, outside structural walls, foundations, the exterior portion of all utilities
and parking lot, except that if such repair or maintenance work is necessitated due to actions of Lessee or persons associated with Lessee, Lessee shall be responsible for such repair and maintenance work. After acceptance by Lessee, the Lessee will
be responsible and pay for all necessary repair and maintenance work for any improvements or alterations made by it at anytime to the exterior structural walls (including but not limited to painting, etc.) and for the interior of the building
portion of the Leased Premises, including the doors, plate glass, floor coverings, wall coverings, ceiling tile, equipment and the interior portion of all utilities (including, but not limited to, light bulbs, ballasts and stopped sewer/drain lines)
which service the building. 
 With respect to heating/air conditioning units and/or component parts thereof, the Lessee shall
be responsible for all repairs and replacements, except for major repairs and replacements as below provided, and all routine maintenance. Major repairs and replacements shall be defined as any one repair or replacement costing in excess of Three
Hundred Dollars ($300.00) with the Lessee agreeing to pay the first $300.00 of any major repair or replacement and the Lessor paying for all amounts in excess of $300.00. Lessee’s obligation under this sub-paragraph shall be capped at One
Thousand Dollars ($1,000.00) per year until such time as Lessor installs, at its discretion, a new heating/air conditioning unit, at which time Lessee will become responsible for the first Five Hundred Dollars ($500.00) of any one major repair or
replacement, with no yearly

  

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cap, and the Lessor will pay for any amount in excess of Five Hundred Dollars ($500.00). Obligations of Lessor are not to be performed by Lessee without prior consent of Lessor. 
 11. UTILITIES, CITY FEES AND CHARGES. Lessee shall pay all charges and expenses incurred in connection with its use of the Leased
Premises for all utilities, including trash service. 
 12. TAXATION AND PUBLIC IMPROVEMENTS. Lessor shall pay all real
estate taxes and other charges assessed against its property (collectively “assessments”) on which the Leased Premises is situate, as and when the same become due and payable and shall further, pay for all public improvements of any kind
or nature levied upon the Leased Premises during the period this Lease or any extension or renewal hereof is in effect. Lessee shall be charged annually with its proportionate share of all such assessments and charges. Lessee’s proportionate
share shall be calculated on a pro-rata basis, by multiplying the assessments and charges by a fraction, the numerator of which shall be the total square feet of the building leased by the Lessee (currently 2,047) and the denominator of which shall
be the total square footage of space at the shopping center. The Lessee shall pay such to Lessor in addition to its monthly rental over a period not to exceed three (3) months after the date of notice of such charges. 
 Lessee shall pay all taxes and other fees and assessments associated with Lessee’s use and occupancy of the Leased Premises and any
improvements, inventory, furniture and fixtures located thereon or therein and shall reimburse Lessor for any taxes or charges on its rent (i.e., business and occupation taxes), if applicable. 
 13. EMINENT DOMAIN. In the event that any portion of the Leased Premises is taken by governmental authority by right of eminent
domain, it shall be optional with Lessor as to whether or not it shall restore the Leased Premises. In any event, the rent herein reserved shall abate entirely during the period of time when said Leased Premises are rendered unfit for occupancy by
Lessee as a result of such taking. If only a portion of the Leased Premises are taken, the rent paid by Lessee shall be reduced proportionately based on the number of square feet of the Leased Premises so taken if Lessee’s business operation is
impaired. In the event Lessor does not elect to restore said Leased Premises following a taking which renders the entire Leased Premises unfit for occupancy, then this Lease shall terminate, at the option of Lessee, as of the date Lessee vacates the
Leased Premises, and all rentals beyond such date shall abate entirely. Any condemnation award and all sale proceeds resulting from an eminent domain proceeding or derived under threat of eminent domain shall belong to Lessor. 
 14. FIRE OR CASUALTY DAMAGE OR LOSS. In the event the Leased Premises shall be damaged by fire, flood, storm, civil commotion, or
other unavoidable cause, and repairable within a 90 day period after the Lessor is free to begin repairs (i.e., after insurance inspections/investigations, etc.), Lessor shall have the option to repair such damage. To the extent possible, Lessor
agrees for preliminary notice purposes to notify Lessee within fifteen (15) days of any damage whether it intends to repair or replace the damage. If such repair shall not have been completed within said 90 day period, this Lease may at the
option of Lessee, be terminated unless Lessor is diligently working toward completion of repairs. During the period of repair, Lessee’s rent shall abate in whole or in part depending upon the extent to which such damage and/or such repair shall
deprive Lessee of the use of said Leased Premises for the normal purposes of Lessee’s business. In the event that Lessor shall fail to promptly commence repair of such damage, or, having commenced the same shall fail to prosecute such repair to
completion with due diligence, Lessee may at Lessee’s option upon five (5) days written notice to Lessor, make or complete such repair and deduct the cost thereof from the next ensuing installment or installments of rent payable under this
Lease. 
 15. WALKWAYS, PARKING AREAS AND CLEANING OF PREMISES. Lessee will keep the walkways and parking area of the
Leased Premises swept and free of snow and ice and other matter. Lessee shall also at all times keep the Leased Premises and all improvements and appurtenances thereon and thereto in a safe, clean, wholesome condition and comply in all respects with
all governmental, health, fire and police statutes, requirements and regulations. Lessee shall properly dispose of any rubbish or waste of any character whatsoever which may accumulate on the site with respect to the operation of its business.
Should Lessee fail, in Lessor’s discretion, to do any of the foregoing after having been provided 5 days written

  

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notification, then Lessor shall have the right, privilege and license to enter upon the site and make any and all corrections or improvements that may be necessary and to charge such Lessee the
expenses incurred in doing so. Lessee agrees to pay any such expenses contemporaneously with its next monthly rental payment. 
 16. HOLDING OVER. Should the Lessee hold over and continue to occupy the Leased Premises after the expiration of the term of this Lease or any renewal hereof, then such holding over shall be on a month to month basis at a rental rate
equivalent to one hundred fifty percent (150%) of that which was last being paid, together with all other obligations which are required of Lessee under this Lease. The increased rent required herein shall be payable by Lessee upon demand by
Lessor, regardless of the amount of any time which may have elapsed. 
 17. INSOLVENCY. BANKRUPTCY OR LITIGATION. Should
the Lessee become insolvent, or become bankrupt, either voluntarily or involuntarily, or make an assignment for the benefit of creditors, or should this Lease be attempted to be sold as an asset of the Lessee, or should any attempt be made to
transfer this Lease by operation of law, then the Lessor may, at its sole option, declare this Lease to be terminated, and upon ten (10) days written notice to the Lessee, or after posting such notice for ten (10) days upon the Leased
Premises, the Lessor may forthwith take possession of the Leased Premises, and declare this Lease to be terminated. In the event that the Leased Premises or any part thereof is involved in any litigation by or against the Lessee, and the Lessor is
required to retain legal counsel for the protection of its interest, all court costs and any reasonable fees and costs of such attorney shall be forthwith paid by the Lessee upon rendering of the amount thereof in writing. 
 18. SUBORDINATION TO LIEN OF DEED OF TRUST. This Lease is subject and subordinate to any first lien deed of trust, all renewals,
modifications, consolidations, replacements and extensions thereof which may hereafter affect the real property of which the Leased Premises forms a part, irrespective of the time of execution or the time of recording of any such deed of trust,
provided that any such trust deed loan shall be made by an insurance company, savings bank, or trust company, or other bona fide lending institution. Lessee agrees to execute any reasonable instrument which might be required to confirm such
subordination but it is understood that no action need be taken to effect subordination since subordination as provided for herein shall be automatic and self-operative. 
 19. INSPECTION. The Lessor and its agents may inspect and examine the Leased Premises and any improvements thereon at any reasonable time. 
 20. QUIET POSSESSION. Lessor covenants that during the term of this Lease or any extension or renewal hereof, Lessor will not, unless
authorized herein, commit any act or take any action or allow any action to be taken that will disturb the quiet possession of the Leased Premises by the Lessee. Lessor further covenants that it has the right to execute this Lease. 
 21. LAWFUL POSSESSION. Lessee covenants that it will occupy the Leased Premises during the term of its possession in a lawful manner
and will refrain from any activity that would create a nuisance or unduly disturb other lessees. 
 22. AGENTS, ATTORNEYS OR
REAL ESTATE BROKERS. Any party hereto may act by or through agents, brokers or attorneys authorized by the party for whom such agent, broker or attorney is acting in any matters with which this Lease is concerned. 
 23. HEADINGS. The article headings contained in this Lease are inserted solely as a matter of convenience for reference and in no way
are to be construed to confine, limit or describe the intent of any provision of this Lease. 
 24. NOTICES. Any notice
hereunder shall be sufficient if served as provided by the statutes of the State of West Virginia upon either party hereto, or if mailed by registered or certified mail, postage prepaid, return receipt requested to the Lessor and the Lessee,
respectively, as follows: 
  

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	Lessor:	 	 O.V. Smith & Sons of Big Chimney, Inc.
 P.O. Box 12150
 Big Chimney Station
 Charleston, WV 25302
	 	
			
	Lessee:	 	 Progressive Bank, N.A.
 P.O.
Box 6671
 Wheeling, WV 26003
 Or
 At the Leased Premises
	 	 Contact Name: Dick Dlesk
 Contact Phone: 304-242-3770

 25. PARTIES BOUND. This Lease is binding upon the Lessor, and
its heirs, devises, personal representatives, agents, successors and assigns and is binding upon the Lessee and its assigns when authorized in writing by the Lessor. 
 26. WASTE. Upon the expiration, cancellation or termination of this Lease or any extension or renewal hereof, Lessee shall redeliver the Leased Premises and all improvements located thereon to
Lessor in good repair, subject however, to ordinary wear and tear, and subject also, to the provisions of Paragraph 14. 
 27.
MODIFICATION OF LEASE. No modification of this Lease shall be binding unless made in writing and executed in due form by the respective parties hereto. 
 28. SEVERABILITY. In the event that any provision in this Lease is adjudged to be invalid or of no force or effect, all other provisions contained herein shall remain in full force and effect.

 29. REMODELING. The Lessee is currently in possession of the Leased Premises and accepts the same in its current
“AS-IS” condition. The Lessee is granted the right to remodel all or any portion of the Leased Premises at its cost but agrees that no remodeling of the building shall impair the structural integrity thereof. 
 30. COMMON AREA EXPENSES AND CHARGES. Lessee shall be charged, on an annual basis, with its proportionate share of all common area
expenses and charges (i.e., parking lot sweeping/lighting, striping, landscape maintenance, snow removal, wages and taxes related thereto, etc.) incurred by Lessor during the calendar year, in accordance with the product obtained by utilizing a
formula similar in form to that set forth in Paragraph 12. The Lessee shall pay such charges to Lessor in addition to its monthly rental over a period not to exceed three (3) months after the date of notice of such charges. 
 31. AUTHORITY TO EXECUTE. The person executing and delivering this Lease on behalf of Lessee hereby covenants and warrants that such
person is duly authorized to execute and deliver this Lease on behalf of Lessee. 
 32. DISPUTE RESOLUTION. Any dispute
arising between the Lessor and Lessee relating to any matter relevant to the Lease or the Leased Premises shall first be submitted to mediation and then if not resolved, to arbitration. Any decision rendered by arbitration shall be final and
binding. Lessee shall be liable for any and all attorney fees, court costs, and other fees and expenses which might be incurred by Lessor with respect to enforcement of the provisions of this Lease. 
 33. ACCORD AND SATISFACTION. No payment by Lessee or receipt by Lessor of a lesser amount than the monthly rent installments herein
stipulated shall be deemed to be other than on account of the most current stipulated rent owed at that time, nor shall any endorsement or statement on any check or letter accompanying any check or payment as rent be deemed an accord and
satisfaction. 
 34. WAIVER OF SUBROGATION. Lessor and Lessee each hereby releases the other and its respective
employees, agents and every person claiming by, through or under either of them from any and all liability or responsibility (to them or anyone claiming by, through or under them by way of subrogation or otherwise) for any loss or damage to any
property (real or

  

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personal) caused by fire or any other insured peril covered by any insurance policies for the benefit of either party, even if such loss or damage shall have been caused by the fault or
negligence of the other party, its employees or agents. 
 35. CONFIDENTIALITY. The terms and conditions of this Lease
are confidential and shall not be disclosed by Lessee to any third party without Lessor’s written consent. 
 36.
EXTERMINATION. Lessee shall be responsible for extermination services in the Leased Premises if either desired by Lessee or required by Lessor. 
 37. MISCELLANEOUS. If Lessee elects to exercise its first option to renew, the Lessor agrees to install a new roof on the Leased Premises within six (6) months thereafter. 
 This Lease is executed in duplicate originals with one copy to be delivered to and retained by Lessor and one copy to be delivered to and
retained by Lessee. 
 IN WITNESS WHEREOF, O.V. SMITH & SONS OF BIG CHIMNEY, INC., a West Virginia Corporation, has
caused its corporate name to be signed by its proper officer thereunto duly authorized, and in further WITNESS WHEREOF, PROGRESSIVE BANK, N.A., a National Banking Association, has caused its corporate name to be signed by its proper officer
thereunto duly authorized. 
  

							
		 		 		 	O.V. SMITH & SONS OF BIG CHIMNEY, INC.,
		 		 		 	a West Virginia corporation
				
	 /s/    George Smith
	 		 	By	 	 /s/    James C. Smith

	(WITNESS)	 		 		 	JAMES C. SMITH
				
	 George Smith
	 		 	Its	 	President
	(PRINT NAME)	 		 		 	
				
		 		 		 	PROGRESSIVE BANK, N.A.
		 		 		 	a National Banking Association
				
	 /s/    Brenda Bellville
	 		 	By	 	 /s/    S. J. Dlesk

	(WITNESS)	 		 		 	DICK DLESK
				
	 BRENDA BELLVILLE
	 		 	Its	 	Interim President and CEO
	(PRINT NAME)	 		 		 	

  

 7Lease between Progressive Bank, N.A. and Dlesk Realty & Investment Company

 Exhibit 10.5 
 LEASE 
 THIS LEASE AGREEMENT, Made and
entered this 12th day of May, 2001, by and between SYLVAN J. DLESK AND ROSALIE J. DLESK, doing business as DLESK REALTY & INVESTMENT COMPANY, having an office address at P. 0. Box 3009, Wheeling, WV 26003, a West Virginia Corporation,
parties of the first part, (hereinafter referred to as “Lessor”), and PROGRESSIVE BANK, N. A., 875 National Road, Wheeling, WV 26003, a National Banking Association. 
 WITNESSETH: 
  

	1.	DESCRIPTION OF PREMISES 

 The Lessor hereby demises and leases to the Lessee, and the Lessee hereby rents from the Lessor, the following described premises situated in the County of Ohio, and State of West Virginia: 
 One free standing, one story building, without basement, having approximate measurement of 3,400 square feet, with 4 Drive-Thru lanes
including 1 ATM and night deposit, approximately 25 designated Bank parking spaces, and access to approximately 125 additional parking spaces, as part of a Shopping Plaza known as The Village Plaza. 
 The mailing address of the demised premises shall be: 
 1054 East Bethlehem Boulevard, Wheeling, WV 
 26003-4961. 
 “Demised Premises”, as used in the lease, shall refer to the free standing building with Drive- Thru canopy described above, as
well as the designated parking. Gross area of the Demised Premises shall be the number of square feet of total floor space, being 
  

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approximately 3,400 square feet, in which Lessee will operate a branch banking facility, and approximately 40’ x 60’ Drive-Thru facility, connected to bank building. 
 In addition to the foregoing “Demised Premises”, the Lessor hereby leases to the Lessee, and the Lessee leases from Lessor, the
parking area which includes approximately 25 designated Bank parking spaces, and access to approximately 125 additional parking spaces, as part of a Shopping Plaza known as The Village Plaza., together with all necessary accesses for ingress and
egress to and from the demised premises and parking area. 
  

	2.	IMPROVEMENTS TO PREMISES PRIOR TO COMMENCEMENT OF TERM 

 Lessor and Lessee agree that Lessor, at Lessor’s sole expense, shall provide for construction and improvement of the Demised Premises, as per plan submitted by Lessor’s Architect, and approved
by Bank Board of Directors and its management, and marked “Exhibit A”, which shall be attached hereto and made a part hereof by reference. Said finish specifications include all partitions and cosmetics of wallcovering, paint, resilient
floor, and carpeting. 
 Further, Lessee, at Lessee’s sole expense, shall obtain all governmental approvals necessary for
Tenant to immediately use and occupy said premises. Said improvements, when completed and when said approvals are obtained, shall become a part of the premises which Lessee shall lease in accordance with the terms of this Lease, for the rent herein
specified. 
 Opening for business in the Demised Premises by Lessee shall constitute an acceptance of the Demised Premises, and
acknowledgement by Lessee that the Demised Premises are in the substantial condition required by this Lease. 
 Lessee shall be
responsible for all costs and expenses whatsoever, which are required for the installation of all bank equipment, the drive-thru, the ATM facilities, and any other bank related equipment which is necessary to operate a full banking operation.

  

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	3.	TERM 

 To have and to hold
the Demised Premises for a term of five (5) lease years, to commence on the 15th day of October, 2001, with an option to renew for eight (8) five year, renewal terms. The effective date for the commencement of the initial lease term shall
be the date on which Lessee receives from Lessor a Certificate of Occupancy and obtains physical possession of the Demised Premises. 
 The first lease term shall be for a period of sixty (60) consecutive calendar months, from the commencement date of the lease term, except that if such commencement date shall be other than the first day of a calendar month, the first
lease year shall be for the period from such commencement date, to the end of the calendar month in which it shall occur, plus the following sixty (60) calendar months. 
 The parties agree that once the commencement date of the term has been established and upon the request of either party, a short form of
memorandum of this lease will be executed for recording purposes, which short form or memorandum of lease will set forth the actual commencement and termination dates of the term. Lessor or Lessee may record a written memorandum of this lease upon
notice to either party of intent to so record. Any fees or other charges levied by any governmental authority, including the cost of recording said short form or memorandum of lease, will be at the expense of the party requesting that said lease be
recorded. 
 It is agreed that the Lessee shall have the option to renew this Lease for eight additional five (5) year
terms, with a Lease rental increase of five percent (5%) for each option period, as well as an increase for taxes and maintenance, as hereinafter set forth. Lessee shall notify the Landlord, in writing, sixty (60) days prior to the
expiration of the preceding term, of Lessee’s intention to renew or not to renew the lease. 
  

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	4.	RENT 

 a. Lessee hereby
covenants and agrees to pay to the Lessor for the five (5) years of said lease, as annual rent for the Demised Premises, the sum of Fifty-Seven Thousand, Six Hundred Dollars ($57,600.00) per year, in equal monthly installments of Forty-Eight
Hundred Dollars ($4,800.00) each for the five (5) years, all in advance, on the first day of every calendar month during said term. If the term of this lease shall commence on a day other than the first day of the month, Lessee shall pay in
advance on said commencement day, Minimum Rent equal to one-thirtieth (1/30) of the monthly Minimum Rent multiplied by the number of days in the fractional month for which Lessee is obligated to pay rent. 
 b. Should the Lessee exercise its option to renew lease for any of the additional terms of five (5) years, the Lessee agrees to pay to
the Landlord as annual rent for the Demised Premises, an increase beginning with each five (5) year option period of five percent (5%) greater than previous five (5) year lease period, including 5% increase in real estate taxes and
maintenance charges for each preceding option period. 
  

	5.	USE 

 At the commencement
of this Lease, the Demised Premises shall be used by the Lessee as a full service banking facility with any and all banking services and products. Lessee shall have the right and privilege to use the premises for any lawful purposes which are not
harmful to the premises, and Lessee agrees that in the conduct of its business it will conform or comply with and fully satisfy all State, Municipal, and Federal Regulations, Laws and Ordinances, and the requirements of the Board of Health, the EPA,
OSHA, and any other Federal agencies, and all municipal departments, bureaus and officials of government or other duly constituted authorities, and will not conduct on the demised or leased premises any illegal business or practice. 
  

 4 

	6.	MAINTENANCE BY LESSOR 

 Lessor covenants and agrees to keep and maintain, at its own cost and expense (except as hereinafter set forth), the roof and other exterior portions of the Demised Premises, and the plumbing, sewage, and utility lines outside the building,
in which the Demised Premises are located, and to make necessary structural repairs in the interior of the Demised Premises, except however, that the Lessor shall not be responsible for the first $1,000.00 cost per each six months to the following,
even if exterior or structural: any and all repairs, replacements or maintenance to any and all storefronts, doors, door frames, door checks, and operators and windows; plumbing, heating, air conditioning; reasonable wear and tear damage caused by
any act or negligence of Lessee, its employees, agents, invitees, licensees, or contractors. Other than as herein provided, Lessor shall not be responsible to make any other improvements or repairs of any kind in or upon the Demised Premises.

 In the event the Lessor shall be required to repair, alter, remove, reconstruct, or improve any part of the premises for
whatever reason, the same shall be made by Lessor with reasonable dispatch, and with a minimum of interference to Lessee’s business. 
 If Lessor refuses or neglects to commence or complete said repairs or changes promptly or adequately, Lessee may, after written notice to Lessor, make or complete said repairs or changes, and Lessor shall
be responsible for the reasonable costs for said repairs. 
  

	7.	MAINTENANCE BY LESSEE 

 Lessee covenants and agrees to keep and maintain, at it’s own costs and expense, in good order, condition, and repair, the Demised Premises and every part thereof, except as hereinbefore provided, including, but with a $1,000.00
maximum cost per each six months, for each incident of repair, replacement or maintenance, the exterior and interior portions of all doors, door frames, door checks and operators, windows, plate glass, and showcases surrounding the Demised Premises,
all plumbing and sewage facilities and electrical systems within or beneath the Demised Premises, fixtures, heating, air-conditioning and electrical

  

 5 

 
equipment, and interior walls, floor and ceiling, signs and all interior building appliances and similar equipment installed by Lessee, and any portions of the roof and other exterior areas of
the Demised Premises which have been altered by the Lessee. Lessee agrees to replace any of their trade fixtures or equipment at their own cost and expense. 
 Lessee shall promptly comply with all present and future laws, regulations, or rules of any county, state, federal, and other governmental authority, and any bureau and department thereof, and of the
National board of Fire Underwriters or any other body exercising similar function, which may be applicable to the Demised Premises. 
 If Lessee refuses or neglects to commence or complete said repairs or changes promptly and adequately, Lessor may, but shall not be required to do so, after written notice to Lessee, make or complete said repairs or changes and Lessee shall
pay the reasonable cost thereof to the Lessor upon demand. 
 All repairs, alterations, additions, or improvements made by
Lessee, shall comply with building codes. 
  

	8.	SURRENDER OF DEMISED PREMISES 

 Lessee covenants and agrees to deliver up and surrender to the Lessor, the possession of the Demised Premises, upon the expiration of this lease or it’s earlier termination as herein provided, in as good condition and repair as the
same shall be at the commencement of said term or may have been put by the Lessor during the continuance thereof - ordinary wear and tear and damage by fire or the elements, excepted. 
  

	9.	TRADE FIXTURES AND OTHER PROPERTY IN THE DEMISED PREMISES 

 Lessee may, at the expiration of said term, remove all Lessee’s trade or store fixtures which can be removed without costly injury to, or undue defacement of the Demised Premises, provided all rents
stipulated are paid in full and Lessee is not otherwise in default 
  

 6 

 
hereunder, and that any and all damage to Demised Premises or to Lessor’s premises (resulting from or caused by such removal), shall be promptly repaired at Lessee’s expense.

 All leasehold or building improvements, including without limitation, carpeting and padding, light fixtures, and heating and
air-conditioning equipment, and all construction work done by the Lessee, shall attach to the freehold when installed or completed, and shall be the property of the Lessor, unless abandoned in writing by Lessor, in which event Lessee shall assume
ownership of and responsibility for same. Lessee shall not remove, destroy, or alter any leasehold or building improvement, without first giving adequate prior written notice to Lessor, who shall have the right to demand that Lessee salvage and
deliver to Lessor, at the expense of Lessee, any existing improvement or construction work. All store fixtures or trade fixtures and signs shall remain the property of the Lessee, subject at all times to a security interest in favor of Lessor, to
secure Lessor’s claim for rent and other sums which may become due to the Lessor under this lease, except that Lessor’s lien in said fixtures shall be subordinate to first lien purchase money financing by Lessee. 
 Lessee further agrees that all personal property of every kind or description which may, at any time, be located in the Demised Premises,
shall be, at the Lessee’s sole risk, or at the risk of those claiming under the Lessee. Lessor shall not be responsible or liable to Lessee for any loss or damage resulting to Lessee or its property from roof leaks, water, gas, steam, fire, or
the bursting, stoppage, or leaking of sewer pipes, or from heating or plumbing fixtures, or from electric wires, or from gas or odors, or caused in any manner whatsoever, except that Lessor shall be liable for its negligent failure to make required
repairs promptly after receiving written notice from Lessee of the need to repair. 
  

	10.	PERSONAL PROPERTY, FIXTURES, EQUIPMENT, AND SIGNS. 

 The Lessee may install in and upon the Leased Premises, at it’s sole expense, any and all items of personal property, fixtures, equipment and signs, which are necessary and

  

 7 

 
proper in the general conduct of it’s business, but none of which shall be installed upon the roof or outside walls of the Leased Premises without the written consent of the Lessor. Such
consent shall not be unreasonably or arbitrarily withheld by the Lessor. Upon the expiration, cancellation, or termination of this Lease or any extension or renewal hereof, the Lessee may remove, at its sole expense, any or all of the said items,
provided Lessee is not otherwise in default of the performance of its obligations under this Lease, but agrees, that if the installation or removal of any such personal property, fixtures, equipment, and signs causes any material damage to the
Leased Premises, then such damage shall either be repaired or the Lessor shall be compensated therefore. Any personal property, fixtures, equipment, and signs placed upon the Leased Premises by the Lessee and remaining after surrender, cancellation
or termination of the Lease or any extension or renewal hereof, shall be the sole property of the Lessor, to be dealt with and disposed of as the Lessor may desire, and all rights of the Lessee therein shall thereupon be lost and terminated.

  

	11.	UTILITY EQUIPMENT AND SERVICES 

 Lessee shall pay all charges for utility services including heat, air conditioning, water, gas, electricity, and telephone used on the premises by Lessee. 
 From the date the work of the Lessor in the Demised Premises is substantially complete, or from the date Lessee begins its work in the Demised Premises, whichever first occurs, Lessee agrees to pay for
all utility services rendered or furnished to the Demised Premises including heat, water, electricity, sprinkler charges, fire line charges, sewer rental, sewage treatment facilities and the like, together with all taxes levied or other charges on
such utility consumption, standby utility capacity or potential utility use. Lessor shall not be liable for the quality, quantity, failure, or interruption of such services to the Demised Premises. 
  

 8 

	12.	TENANT SHALL PAY FOR ALL TENANT’S WORK AND MATERIALS AND DISCHARGE ALL LIENS 

 Lessee covenants and agrees, without cost or expense to Lessor, that it, shall promptly pay or cause to be paid, all persons and entities for
all work performed for Lessee and materials supplied to Lessee in improving the Demised Premises. Lessee further covenants and agrees that no such person or entity shall file a lien of any kind whatsoever or any certificate, affidavit, notice of
intention, or other statement relative thereto, on or against the Demised Premises, the Shopping Plaza, or any part thereof, or interest therein. Lessee hereby undertakes to indemnify and hold harmless the Lessor against and from any and all costs
and expenses incurred including, without limitation, court costs and attorney’s fees, and any and all claims, demands, liability, loss, or damage suffered by Lessor in connection with any such person “or entity” filing such lien or
asserting any right to receive any such payment, whether rightfully or wrongfully filed or asserted. Additionally, in the event a lien is filed by any such person or entity, Lessee shall bond against or otherwise cause to be discharged said lien
within ten (10) days after written request by Lessor. If Lessee fails to comply with the foregoing provisions, Lessor is hereby granted the right, but not the obligation, upon reasonable written notice to Lessee, to bond against or otherwise
discharge any such lien and, if Lessor exercises this right, Lessee promptly shall reimburse Lessor upon demand for any and all costs and expense incurred, including, without limitation, court costs and attorney’s fees, in connection therewith,
including a reasonable rate of interest thereon. 
 In the event the Lessee is performing any construction in the Demised
Premises which is subject to a lien by any such person or entity and the law of the State of West Virginia provides for the filing of a lien waiver or no-lien stipulation which would prevent a lien from being filed by any such person or entity, then
the Lessee agrees to execute a lien waiver or no-lien stipulation (designating the Lessor as Owner and the Lessee as Contractor)

  

 9 

 
and furnish it to Lessor to be filed in the proper recording office of the appropriate political subdivision. 
  

	13.	WALKWAYS, PARKING AREAS, AND CLEANING OF PREMISES 

 Lessee will keep the walkway areas of the Leased Premises swept and free of snow and ice and any other matter which may cause or result in injury to persons or property. Lessee shall promptly notify
Lessor of any potential injury-inducing circumstances actually known to Lessee as would be considered likely to result in injury, by a reasonably prudent person. All such areas shall be insured in accordance with heading LESSEE INSURANCE, Paragraph
#16. 
 Lessee shall at all times keep the Leased Premises, all areas adjacent to the Leased Premises (loading area, trash area,
etc.) and improvements and appurtenances thereon and thereto in a safe, clean, wholesome condition and comply in all respects with all governmental, health, fire and police statutes, requirements and regulations. Lessee shall further remove, at its
sole expense, any rubbish or waste of any character whatsoever which may accumulate on the site with respect to the operation of its business. Should Lessee fail, in Lessor’s discretion, to do any of the foregoing after having been provided 5
days written notification, then Lessor shall have the right, privilege and license to enter upon the site and make any and all corrections or improvements that may be necessary and to charge such Lessee the expenses incurred in doing so. Lessee
agrees to pay any such expenses in addition to its next monthly rental payment. 
  

	14.	PAYMENT OF PROPERTY TAXES 

 Lessor shall promptly pay, when due, all real property taxes, personal property taxes on items owned by Lessor and special assessments lawfully levied against the premises. 
 Lessee shall promptly pay all personal property taxes lawfully levied against personal property of any kind owned by Lessee upon or about
the premises and any special

  

 10 

 assessments levied against obligations assumed by Lessee in this Lease. Furthermore, Lessee further agrees
to pay, on demand from Lessor, real estate taxes of $2,000.00 per year, for five years, and agrees to pay the appropriate increase with each Option Period, as delineated on Page 4, Item #4, RENT, Paragraph B. 
  

	15.	QUIET ENJOYMENT 

 Lessor
covenants and agrees that if the Lessee shall perform all of the covenants and agreements herein stipulated to performed on the Lessee’s part, the Lessee shall, at all times during said term, have the peaceable and quiet enjoyment and
possession of the Demised Premises without any manner of hindrance from the Lessor or any persons lawfully claiming through or against the Lessor. 
  

	16.	LESSEE INSURANCE 

 a.
Lessee covenants and agrees to obtain and have in force upon his date of entry into the “Demised Premises”, and to keep in force continuously thereafter until the expiration of the entire term of this lease: 
 (1) Comprehensive general liability insurance relating to the Demised Premises and its appurtenances on an occurrence basis (if obtainable,
otherwise on a claims made basis) with minimum limits of liability in amount of One Million Dollars ($1,000,000.00) for bodily injury, personal injury or death to any one person, Two Million Dollars ($2,000,000.00) for bodily injury, personal injury
or death to more than one person, and Five Hundred Thousand Dollars ($500,000.00) with respect to damage to property by water or otherwise; 
 (2) Fire and extended coverage, vandalism, malicious mischief, and special extended coverage insurance in an amount adequate to cover the cost of

  

 11 

 
replacement of all leasehold or building improvements in the Demised Premises which were originally constructed by Lessee, as well as the cost of replacement of all fixtures, equipment,
decorations, contents and personal property therein; 
 (3) Plate glass insurance with respect to all plate and other glass in
the Demised Premises; and, 
 b. All of the aforesaid insurance shall be written by one or more responsible insurance companies
satisfactory to Lessor; all such insurance may be carried under a blanket policy covering the Demised Premises and any other of Lessee’s property, and shall contain endorsements that: 
 (1) Such insurance may not be cancelled or amended with respect to Lessor (or it’s designee[s]), except upon ten (10) days written
notice by registered mail to Lessor (and such designee(s) by the insurance company; and 
 (2) Lessee shall be solely
responsible for payment of premiums for such insurance. In the event Lessee fails to furnish such insurance, the Lessor may obtain such insurance and the premiums shall be deemed additional rent to be paid by Lessee to the Lessor upon demand. It is
further agreed that any statements made in this lease concerning minimum insurance requirements cannot be construed by the Lessee as indicating either the adequacy or sufficiency of insurance required for the Lessee’s purposes, nor shall such
requirements be used to define the responsibility of the Lessee to repair, restore or replace as otherwise covered in this lease. 
 c. The minimum limits of the comprehensive general liability policy of insurance shall in no way limit or diminish Lessee’s liability under Paragraph “d” hereof and shall be subject to increase at any time, and from time to
time, if Lessor, in the exercise of its reasonable business judgment, shall deem same necessary for adequate protection. Within

  

 12 

 thirty (30) days after demand therefore by Lessor, Lessee shall furnish Lessor with evidence that such
demand has been complied with. 
 d. Lessee will defend, indemnify and save Lessor harmless from and against any and all claims
and demands in connection with any accident, injury or damage whatsoever caused to any person or property arising directly or indirectly out of the business conducted in the Demised Premises or occurring in on or about the Demised Premises or any
part thereof, or arising directly or indirectly from any act or omission of Lessee or any concessionaire or subtenant or their respective licensees, servants, agents, employees or contractors, and from and against any and all costs, expenses and
liability incurred in connection with any such claim or proceeding brought thereon, except to the extent such claims are caused by the negligent acts or omissions of Lessor or its agents. The comprehensive general liability coverage maintained by
Lessee pursuant to Section “A” above, shall specifically insure the contractual obligations of Lessee as set forth herein. 
 e. Lessee agrees, at its own cost and expense, to comply with all of the rules, regulations and recommendations of the Fire Insurance Rating Organization having jurisdiction or any similar body. If at any time, as a result of or in
connection with any failure by Lessee to comply with the foregoing sentence or any act of omission or commission by Lessee, its employees, agents, contractors or licensees, as a result of or in connection with the use to which the Demised Premises
are put (notwithstanding that such use may be for the purposes hereinbefore permitted or that such use may have been consented to by Lessor). 
  

	17.	LESSOR INSURANCE 

 a.
Lessor shall maintain as a minimum requirement: 
 (1) Comprehensive general liability insurance relating to the Bank Building
and its Common Area, and its appurtenances on an occurrence basis (if obtainable,

  

 13 

 otherwise on a claims made basis) with minimum limits of liability in the amount of $1,000,000.00 bodily
injury, personal injury or death to any one person, and $1,000,000.00 in excess liability coverage. 
 (2) Fire and extended
coverage, vandalism, malicious mischief and special extended coverage insurance in an amount adequate to cover the cost of replacement of all leasehold or building improvements in said Bank Building and Common Area, which were originally constructed
by Lessor. 
 (3) The minimum limits of the comprehensive general liability policy of insurance may be subject to increase, if
Lessor, in the exercise of its reasonable business judgment shall deem the same necessary for adequate protection. However, Lessee may, from time to time, request, in writing, from Lessor, evidence of continued insurance and Lessor shall provide
Lessee with such evidence. 
  

	18.	DAMAGE TO PREMISES 

 a.
Should the Demised Premises, (or any part thereof), be damaged or destroyed by fire or other casualty insured under the standard fire and casualty insurance policy with approved standard extended coverage endorsement applicable to the Demised
Premises, Lessor shall, except as otherwise provided herein, and to the extent it recovers proceeds from such insurance, repair and/or rebuild the same with reasonable diligence. Lessor’s obligation hereunder shall be limited to the building
and improvements originally provided by Lessor when the Demised Premises were originally constructed and the insurance carried by Lessor shall be held in trust by Lessor for such purposes. Lessor shall not be obligated to repair, rebuild or replace
any property belonging to Lessee or any improvements to the Demised Premises furnished by Lessee. Unless this lease is terminated by Lessor as hereinafter provided, Lessee shall, at its cost and expense, repair, restore, redecorate and refixture the
Demised Premises and restock the contents thereof in a manner

  

 14 

 and to at least a condition equal to that existing prior to such damage or destruction, except for the
building and improvements to be reconstructed by Lessor as above set forth, and the proceeds of the insurance carried by Lessee on the property, decorations and improvements as well as fixtures and contents in the Demised Premises shall be held in
trust by Lessee for such purposes. In the event the Demised Premises are completely or partially destroyed or so damaged by fire or other casualty and this lease is not terminated as hereinafter provided, there shall be abatement of rent; it being
understood and agreed that the Lessee shall, at its sole discretion, cost and expense, procure necessary insurance to protect itself against any interruption of its business. 
 b. Notwithstanding anything to the contrary contained in the preceding Section “A” or elsewhere in this lease, Lessor, at its
option, may terminate this Lease on thirty (30) days notice to Lessee, given within ninety (90) days after the occurrence of any damage or destruction if: 
 (1) The Demised Premises be damaged or destroyed as a result of a risk which is not covered by the Lessor’s insurance, or; 
 (2) The Demised Premises be damaged and the cost to repair the same shall be more than the cost of replacement thereof, and there be
insufficient insurance proceeds to cover said costs. 
  

	19.	EMINENT DOMAIN 

 a. If the
whole of the Demised Premises, or such portion thereof as to render the remainder unsuitable for the purposes for which the Demised Premises were leased, be taken or condemned for any public or quasi-public use or purposes by any competent authority
in appropriation proceedings or by any right of eminent domain, then this lease shall cease and terminate from the time possession thereof is required for public use. Any dispute under the provisions of this paragraph shall be submitted to the
American Arbitration 
  

 15 

 Association in accordance with its procedures at such time, which determination shall be binding upon the
parties hereto. 
 b. If any part of the Demised Premises shall be so taken and this lease shall not terminated under the
provisions of Section “A” above, then Lessor, at it’s own expense, shall repair and restore the portion not affected by the taking, and thereafter the rent to be paid by Lessee shall be equitable and proportionately adjusted. The
repair and restoration work of Lessor shall not, however, exceed the scope of the work required to be done by Lessor in originally constructing Lessee’s Demised Premises. 
 c. All compensation awarded or paid upon such a total or partial taking shall belong to and be the property of Lessor without participation
by Lessee and without any deduction therefrom for any present or future estate of Lessee. Lessee shall, however, be entitled to claim, prove and receive in such condemnation proceedings, such award as may be allowed for loss of business and for
fixtures and other equipment installed by Lessee, provided that not such claim of Lessee shall diminish or otherwise adversely affect Lessor’s award or the award of any and all ground and underlying lessors and mortgagees. 
  

	20.	BANKRUPTCY 

 In the event
the premises or any rights therein shall be levied on by execution or other process of law by a creditor of either party, or if either party shall be adjudged bankrupt or insolvent, or if any receiver shall be appointed for the business and property
of either party, or if any assignment shall be made of either party’s property for the benefit of creditors, thereby diminishing any right or privilege granted by this Lease to the other party, then the other party may terminated this Lease
forthwith. The above-mentioned termination shall, in no way, affect the right of Lessor to proceed to enforce provisions of this lease in heading #26, DEFAULT BY TENANT, paragraphs a, b, and c. 
  

 16 

	21.	FORCE MAJEURE 

 In the
event that either party hereto shall be delayed or hindered in or prevented from the performance of any act required hereunder by reason of strikes, lockouts, labor troubles, unavailability or excessive price of fuel, power failure, riots,
insurrection, war, fire, or acts of God, or by reason of any cause beyond the exclusive and reasonable control of the party delayed in performing work or doing acts required under the terms of this lease, then performance of such act shall be
excused for the period of the delay and the period for the performances of any such act shall be extended for a period equivalent to the period of such delay. The provisions of this clause shall not operate to excuse. Lessee from prompt payment of
Rent, or any other payments required by the terms of this lease. 
  

	22.	WARRANTIES AND REPRESENTATIONS BY LESSOR 

 a. In addition to any other warranties and representations by Lessor contained herein, Lessor expressly warrants and represents to Lessee: 
 (1) That the premises are properly zoned and improved, to permit the use thereof by Lessee for its purposes stated in this Lease, and;

 (2) That Lessor has not covenanted or agreed with anyone to restrict the use of the premises for Lessee’s purposes and
Lessor knows of no covenants, agreements or restrictions affecting the premises which would prohibit or restrict such use by Lessee, and; 
 (3) That Lessor owns the premises and any building of which the premises are a part and has the right to lease the premises to Lessee and agrees to provide conclusive evidence thereof to Lessee on demand.

 (4) Lessor shall pay real estate taxes assessed, due its ownership of said building. 
  

 17 

 (5) Lessor shall substantially enforce obligations and restrictions upon all tenants of
Village Plaza, similar and comparable to those imposed pursuant to this instrument so as to encourage uniformity of Rules and Regulations for said Plaza. 
 (6) Lessor shall allow no other bank use tenancy in the Shopping Plaza, during the term of this lease. 
  

	23.	BROKERAGE COMMISSIONS 

 Lessor shall defend, indemnify and hold Lessee harmless against any and all claims of or liability for any brokerage commissions or finder’s fees related in any way to Lessee’s lease of the premises or any part thereof.

  

	24.	SUBORDINATION TO LESSOR’S MORTGAGE AND ATTORNMENT 

 The Lessor reserves the right and privilege to subject and subordinate this lease at all times to the lien of any mortgage or mortgages for original construction, subsequent construction and/or any
repairs and future improvements to said Plaza now or hereafter placed upon the Lessor’s interest in the Demised Premises and on the land and buildings of which the Demised Premises are a part, or upon any buildings hereafter placed upon the
land of which the Demised Premises are a part, and to any and all advances to be made under such mortgages, and all renewals, modifications, extensions, consolidations and replacements thereof. 
 Lessee covenants and agrees to execute and deliver, upon demand, such further instrument or instruments subordinating this lease on the
foregoing basis to the lien of any such mortgage or mortgages as shall be desired by the Lessor and any mortgagees or proposed mortgagees. 
  

 18 

 Lessee shall, in the event of the sale or assignment of Lessor’s interest in the Bank
Building, or in the event of any proceedings brought for the foreclosure of, or in the event of the exercise of the power of sale under any mortgage covering the Bank Building, attorn to and recognize such purchaser or mortgagee as Lessor under this
Lease, and in any such events, Lessor names herein shall not thereafter be liable on this lease; so long as such mortgagee(s) or purchaser executes a non-disturbance agreement in favor of Lessee. 
  

	25.	SALE OF PREMISES BY LESSOR 

 Any sale of said premises by Lessors shall be subject to all rights of Lessee hereunder. 
  

	26.	DEFAULT BY TENANT 

 In the
event: 
 a. Lessee shall fail to pay any rental or other charges when due hereunder and such default continues for more than
ten (10) days, after written notice; or, 
 b. Lessee shall fail to observe or perform any of the other terms, conditions,
or covenants of this lease to be observed or performed by Lessee and such default continues for more than thirty (30) days after written notice; or, 
 c. Lessee or an agent of Lessee shall suffer this lease to be taken under any writ of execution, then Lessor, besides other rights or remedies it may have, shall have the right within ten (10) days
of said default, and upon written notice to Lessee, to terminate this lease, in which event Lessee shall have no further right, title or interest in or to either the Demised Premises or this lease, and, in either event, to remove all persons and
property from the Demised Premises and store such property in a public warehouse or elsewhere at the cost of and for the account of Lessee, all without demand, service of notice or resort to

  

 19 

 legal process and without being deemed guilty of trespass or becoming liable for any loss or damage which
may be occasioned thereby. 
  

	27.	LESSEE’S ADDITIONAL AGREEMENTS 

 a. Lessee agrees at its own cost and expense to: 
 (1) Keep and maintain in a
safe, neat and clean condition all portions of its Demised Premises and appurtenances including adjoining area, storefront, entrances and returns, doors, fixtures, windows and plate glass; 
 (2) Handle and dispose of all trash, rubbish, refuse, garbage and waste in accordance with regulations established by Lessor, use and pay
for the services of the designated trash hauler for the Shopping Plaza, and not permit the accumulation (unless in sealed metal containers), or burning of any trash, rubbish, refuse, garbage or waste materials in, on or about any part of the
Shopping Plaza; 
 (3) Pay when due all personal property taxes assessed against Lessee’s fixtures and furnishings, all
taxes arising out of the operation of Lessee’s business, and pay for all license fees, occupational taxes and other governmental charges assessed by reason of Lessee’s use or occupancy of the Demised Premises; Lessee will permit no lien to
attach to the Demised Premises as a result of taxes payable by Lessee. 
 (4) Pay $1,800.00 per year, payable in monthly
installments, for maintenance expenses, which shall include snow removal services to the Demised Premises which shall include the parking lot and general maintenance of Bank Parking Lot, with 5% increase for every five year option period exercised
by Lessee. 
  

	28.	ACCORD AND SATISFACTION 

 No payment by Lessee or receipt by Lessor of a lesser amount that the monthly rent herein stipulated shall be deemed to be other than on account of the earliest stipulated rent, nor shall any endorsement or rent be deemed an accord and
satisfaction, and Lessor may

  

 20 

 accept such check or payment without prejudice to Lessor’s right to recover the balance of such rent or
pursue any other remedy in the lease provided. 
  

	29.	RELATIONSHIP OF PARTIES 

 Nothing contained in this lease shall be deemed or construed by the parties hereto or by any third party to create the relationship of principal and agent or of partnership or of joint venture or of any association whatsoever between Lessor
and Lessee, it being expressly understood and agreed that neither the computation of rent nor any other provisions contained in this lease nor any act or acts of the parties hereto shall be deemed to create any relationship between Lessor and Lessee
other than the relationship of Lessor and Lessee. 
  

	30.	EXONERATION OF INDIVIDUALS 

 The Lessor or any successor in interest shall not be subject to personal liability in respect to the covenants or conditions of lease, except that Lessor shall be liable to Lessee for damages proximately resulting from their negligent
failure to maintain insurance in accord with the minimum requirements of LESSOR INSURANCE, paragraph 17, of this lease. Lessee shall look solely to the equity of the Lessor in the property and the rents, issues, and profits derived therefrom for the
satisfaction of all remedies of the Lessee, excepting as stated above, in the event of a breach by the Lessor. It is mutually agreed that this clause is and shall be considered an integral part of the aforesaid lease. 
  

	31.	NO THIRD-PARTY RIGHT 

 The
rights and obligations arising under this lease are personal between Lessor and Lessee and their respective successors and assigns and such rights and obligations shall not be enforceable by any third party, except for any mortgagee of Lessor.
Furthermore, Lessee recognizes that it has no third-party rights arising out of any agreement between Lessor and any other party other than Lessee regardless of any benefits accruing to Lessee by virtue of the terms of such agreement. 
  

 21 

	32.	NOTICES AND PAYMENTS 

 Any
bill, statement, notice or communication which Lessor or Lessee may desire or be required to give to the other party shall be in writing and shall be sent to the other party by registered or certified mail to the address specified in the opening
paragraph of this lease, or to such other address as either party shall have designated to the other by the like notice, and the time of the rendition of such shall be when same is deposited in an official United States Post Office, postage prepaid.
Copies of any notice to Lessee shall be sent in like manner to Lessee at Progressive Bank N. A., 875 National Road, Wheeling, WV 26003. Attention: Management. 
  

	33.	GOVERNING LAW 

 This lease
shall be governed by and construed in accordance with the applicable laws of the State of West Virginia. 
  

	34.	CAPTIONS AND SECTION NUMBERS 

 The captions, section numbers and article numbers appearing in this lease are inserted only as a matter of convenience and in no way define, limit or describe the scope or intent of such sections or this lease, nor in any way affect this
lease. 
  

	35.	INVALIDITY OF PARTICULAR PROVISIONS 

 If any term or provision of this lease, or the application thereof to any person or circumstances shall to any extent be invalid or unenforceable, the remainder of this lease or the application of such
term or provision to persons or circumstances other than those as to which it is held invalid or unenforceable shall not be affected thereby, and each term and provision of this lease shall be valid and be enforced to the fullest extent permitted by
law. 
  

	36.	PROVISIONS BINDING 

 Except as herein otherwise expressly provided, their terms and provisions hereof shall be binding upon and shall inure to the benefit of the heirs, executors, administrators,

  

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 successors and permitted assigns, respectively, of the Lessor and the Lessee. Each term and each provision
of this lease to be performed by the Lessee shall be construed to be both a covenant and a condition. The reference contained to successors and assigns of Lessee is not intended to constitute a consent to assignment by Lessee, but has reference only
to those instances in which Lessor may have given written consent to a particular assignment. 
  

	37.	RESERVATION OF RIGHT TO INCORPORATE 

 Lessor and Lessee acknowledge and understand that Lessor is presently leasing the premises as individuals, doing business as a realty and investment company. Lessor, therefore, specifically reserves the
right, subsequent to the execution of this lease, to assign and otherwise transfer all rights, privileges, and responsibilities under this lease instrument to any corporate structure created by Lessor for purposes of continuing to administer
Lessor’s responsibilities under this lease instrument. Lessee agrees, without reservation, to allow such transfer and/or assignment without objection thereto and to be bound by the terms of this lease instrument with such new corporate entity
substituted as Lessor hereunder. 
  

	38.	WAIVER OF SUBROGATION RIGHTS 

 The Lessor and the Lessee and all parties claiming under them hereby mutually release and discharge each other from all claim and liabilities arising from or caused by any hazard or peril to the extent that such claims and liabilities are
covered by insurance, regardless of whether such insurance is payable to or protects the Lessor or the Lessee or both. This release shall be in effect only so long as coverage under the applicable insurance policies or the rights of the insured or
others to recover under such policies is not affected by this release. This release is a limited one, and in no way, changes or affects any other indemnification obligations pursuant to Item #16, LESSEE INSURANCE paragraphs 1, 2, and 3 of this lease
instrument, except as stated herein. 
  

 23 

	39.	ENTIRE AGREEMENT 

 Lessor
and Lessee acknowledge and understand that there have been prior negotiations and discussions between them regarding the terms of this lease but that all prior negotiations and discussions are superseded by this lease, including the Exhibits, Rider,
if any, attached hereto, which exclusively constitutes the complete and final agreement of Lessor and Lessee and sets forth all the covenants, promises, agreements, conditions, inducements, representations and understanding between Lessor and Lessee
concerning the Demised Premises or the Bank Building. Lessee warrants and represents that there are no covenants, promises, agreements, conditions, inducements, representations, or understanding, either oral or written, between them, or any agent of
either of them, other than as are expressly herein set forth, and the Lessee does not and shall not have any right to rely upon any covenant, promise, agreement, condition, inducement, representation or understanding, either oral or written, which
is not expressly set forth herein. Lessee acknowledges and understands that the representative(s) of Lessor who execute this lease are relying on the representations and warranties herein set forth. Except as herein otherwise expressly provided, no
subsequent alteration, amendment, change or addition to this lease shall be legally binding upon Lessor or Lessee unless reduced to writing and signed by them. In the event any such subsequent alteration, amendment, change or addition to this lease
is executed by a representative of Lessor other than the representative(s) executing this lease, Lessee shall have the duty to determine and confirm the authority of the person executing said subsequent writing. Lessee’s failure to so determine
and confirm the authority will preclude it from asserting any claim that said person had said authority (in the absence of actual authority). 
  

 24 

	40.	AUTHORITY TO EXECUTE 

 The
person executing and delivering this lease on behalf of Lessee hereby covenants and warrants that such person is duly authorized to execute and deliver the Lease on behalf of Lessee. 
  

	41.	CONTINGENCY 

 It is
expressly acknowledged by Lessor that this Lease is contingent upon Lessee obtaining approval from the Office of Comptroller to locate a branch banking facility at and within the Leased Premises. 
  

	42.	OPTION TO PURCHASE 

 At
any time during the term of this Lease or at the end of the initial term herein provided, Lessee, if not in default of any of its obligations under this Lease Agreement, shall have the right of first refusal or privilege to purchase the hereinbefore
described real property upon the same terms and conditions as any other bona fide offer to purchase received by the Lessor. 
  

	43.	SHORT FORM LEASE FOR RECORDING 

 The Lessor and the Lessee, upon written request of the other, shall at any time join in the execution of a written Memorandum of Lease in proper form for recording or filing in the appropriate office in Ohio County, West Virginia, setting
forth the existence and the term of the Lease Agreement, and the Lessor and Lessee shall each take such action as may be necessary to permit such recordation or filing. 
  

	44.	ASSIGNMENT 

 The Lessee
shall not assign this Lease nor sublet the demised premises or any part thereof without the written consent of the Lessor, which consent shall not be unreasonably

  

 25 

 
withheld, except, however, that the Lessee may assign this Lease upon condition that such assignment is to a successor corporation or one with which the Lessee shall be merged or consolidated, in
which event, neither the assignment nor the acceptance of rent by the Lessor from such assignee or sub-lessee, shall relieve or release nor in any manner void the liability of the Lessee herein provided. In the event of any such assignment or
sub-lease, the assignee or sub-lessee shall assume and agree to keep and perform all of the terms, covenants, and agreements of this Lease on the part of the Lessee to be kept and performed, and shall become jointly and severally liable liable for
the non-performance thereof. 
  

 26 

 IN WITNESS WHEREOF, the Lessor and Lessee have caused this lease to be signed upon
the day and year first above written. 
 SIGNED IN THE PRESENCE OF: 
  

									
	 	 	 	 	 LESSOR:    
	 	SYLVAN J. DLESK and
	 	 	 	 	 	 	 	 	 ROSALIE J. DLESK
 dba DLESK
REALTY
 and INVESTMENT
 COMPANY

				
	 /s/    Debbie McKitrick
	 		 	BY:	 	 /s/    Sylvan J. Dlesk

		 		 		 	 (SYLVAN J. DLESK)

				
	 /s/    Francie P. Reppy
	 		 		 	 /s/    Rosalie J. Dlesk

		 		 		 	 (ROSALIE J. DLESK)

				
		 		 	LESSEE:	 	 PROGRESSIVE BANK N. A.
  
 a National Banking Association

				
		 		 	BY:	 	 /s/    Charles K. Graham

				
		 		 	ITS:	 	 President

				
		 		 		 	  

  

 27 

 STATE OF WEST VIRGINIA, 
 COUNTY OF OHIO, to-wit: 
 The foregoing instrument was acknowledged before me this
27 day of August, 2001, by SYLVAN J. DLESK and ROSALIE J. DLESK doing business as DLESK REALTY & INVESTMENT COMPANY. 
  

	
	 /s/    Gary S. Martin

	NOTARY PUBLIC

 My commission expires: Nov 4, 2002

 

 

 STATE OF WEST VIRGINIA, 
 COUNTY OF OHIO, to-wit: 
 The foregoing instrument was acknowledged before me this 27 day of August, 2001, by Charles
K. Graham, its President, upon behalf of PROGRESSIVE BANK, N.A., a national banking association. 
  

	
	 /s/    Gary S. Martin

	NOTARY PUBLIC

 My commission expires: Nov 4, 2002

 

 

  

 28

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