Document:

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                                                                    Exhibit 10.4

                                 LEASE AGREEMENT
                                 ---------------

         THIS AGREEMENT OF LEASE is made and executed at Wooster, Ohio,
effective as of August 24, 1999, by and between JACK K. and HEIDI M. GANT, their
successors and assigns (hereinafter referred to as the "Lessors"), and OHIO
LEGACY CORP., an Ohio corporation (hereinafter referred to as the "Lessee").

         Subject to Section 1, Lessors lease to Lessee and Lessee leases from
Lessors, the premises described in Section 2 upon the terms, covenants and
conditions hereinafter set forth below:

         1. GRACE PERIOD. The enforceability of this Lease by either party
(other than the provisions of this Section) shall be subject to the satisfaction
of the following conditions subsequent:

                  1. The issuance of a national bank charter to Lessee's wholly
         owned subsidiary by the Office of the Comptroller of the Currency
         ("OCC") for a bank to be located in Wooster;

                  2. Completion of Lessee's initial public offering of common
         stock in an amount required by the OCC (collectively "Conditions
         Subsequent");

                  3. Obtaining all required or necessary building permits,
         variances or other governmental approvals relating to the use of the
         real estate.

         As consideration for Lessors not seeking to enforce the provisions of
this Lease until the earlier of: (i) October 31, 1999, or (ii) the satisfaction
of the Conditions Subsequent ("Grace Period"), Lessee shall pay Lessors Five
Thousand Dollars ($5,000) upon execution of this Lease, which amount shall be
non-refundable to Lessee and shall not apply against the Rent set forth in
Section 8. Rent shall not accrue during the Grace Period. In the event the
Conditions Subsequent have not been satisfied on or before October 31, 1999,
Lessee shall have the option to extend the Grace Period until January 31, 2000
("Extended Grace Period") by delivering written notice to Lessors of such
extension along with a non-refundable payment of Twenty-five Thousand Dollars
($25,000) ("Extension Payment") on or before October 31, 1999.

         In the event the Conditions Subsequent have not been satisfied on or
before January 31, 2000, Lessee shall have the option to extend the Extended
Grace Period until March 31, 2000 ("Extended Grace Period") by delivering
written notice to Lessors of such extension, along with a non-refundable payment
of Thirty Thousand Dollars ($30,000) ("Extension Payment") on or before January
31, 2000.

         In the event the Conditions Subsequent have not been satisfied on or
before March 31, 2000, Lessee shall have the option to extend the Extended Grace
Period until May 31, 2000 ("Extended

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Grace Period") by delivering written notice to Lessors of such extension, along
with a non-refundable payment of Thirty Thousand Dollars ($30,000) ("Extension
Payment") on or before March 31, 2000.

         In the event the Conditions Subsequent have not been satisfied on or
before May 31, 2000, Lessee shall have the option to extend the Extended Grace
Period until June 15, 2000 ("Extended Grace Period") by delivering written
notice to Lessors of such extension, along with a non-refundable payment of
Fifteen Thousand Dollars ($15,000) ("Extension Payment") on or before May 31,
2000. Lessee shall not have the right to extend the Extended Grace Period after
June 15, 2000.

         The Extension Payment, if any, shall be a credit against monthly
installments of the Rent on a dollar-for-dollar basis. Lessee hereby covenants
and agrees that Lessee, and its officers, directors, and shareholders, shall
utilize their best efforts to obtain the satisfaction of the Conditions
Subsequent. In the event Lessee obtains its charter from the Office of
Comptroller of the Currency, and commences to accept deposits and make loans,
the Conditions Subsequent shall be deemed satisfied.

                    Upon the satisfaction of the Conditions Subsequent during
the Grace Period or Extended Grace Period, if any; or, subject to the next
subparagraph, the Lessee's failure to effectively extend the applicable Grace
Period, this Lease shall automatically become valid, binding, and fully
enforceable upon and by the parties.

         During the Grace Period and Extended Grace Period, if any, Lessee may
terminate this Lease by written notice to Lessors, and neither party shall have
further rights or responsibilities hereunder, under the following circumstances:

                  (i) Lessee, and all it officers, directors, and shareholders,
         abandon all efforts to establish a financial institution, and Lessee's
         directors and officers deliver a certificate to such effect to Lessors;
         or

                  (ii) The Conditions Subsequent have not been satisfied on or
         before June 15, 2000, and Lessee has effectively extended the Grace
         Period through June 15, 2000.

         In the event Lessee terminates the Lease pursuant to this subsection,
Lessee shall have no claim on any payment made to Lessors hereunder, including
but not limited to the Extension Payments.

         2. DESCRIPTION, CONSTRUCTION OF IMPROVEMENTS AND USE OF PREMISES.
Lessors are parties to a contract to acquire certain real estate located at 305
W. Liberty Street, Wooster, Ohio, and more particularly described in Exhibit A,
attached hereto and made a part hereof. Lessors further agree to build a
building on the real property described on Exhibit A, which building shall

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be approximately ___________ square feet inside, together with all necessary and
related appurtenances and improvements thereto, other than as set forth below,
all which shall be built in accordance with requirements set forth in Section 3
below, and as otherwise set forth herein ("the Improvements"). The real property
described on Exhibit A and the Improvements shall hereinafter be referred to as
the "Premises." Upon completion of the Improvements, Lessee hereby agrees that
it shall use the Premises for the sole purpose of operating a full service bank
branch and Lessee's bank headquarters. Lessee shall not use the Premises for any
other purpose without first obtaining a written consent from Lessors. Lessee
shall be responsible for the construction and all related costs of those
leasehold improvements described in Exhibit B attached.

         3. CONSTRUCTION OF IMPROVEMENTS.

         (a) Lessors shall retain a contractor acceptable to Lessee to act as
the general contractor and shall construct or cause to be constructed upon the
Premises the above-referenced Improvements in accordance with certain plans and
specifications (the "Plans") to be prepared by Lessee's architect which shall be
approved and initialed by Lessors and Lessee upon completion of the Plans. Upon
completion of the Plans, Lessee's architect shall also prepare a detailed
construction budget which estimates all the development costs associated with
constructing the Improvements on the Premises (the "Construction Budget"), which
shall be approved and initialed by Lessors and Lessee upon completion of the
budget. The Construction Budget shall not exceed $550,000. Any amounts in excess
of $550,000 necessary to complete construction of the Premises shall be paid by
Lessee, provided that any change orders requested by Lessor shall be paid by
Lessor. Construction of the Improvements shall be subject to the following
conditions:

                  (i) The cost of constructing the Improvements shall be the
         sole expense of Lessors except as set forth above; and

                  (ii) The Improvements being constructed on the Premises shall
         be completed by Lessors and Lessors' contractors in a good and
         workmanlike manner, pursuant to the terms of a construction contract
         which has been reviewed and approved by Lessors and Lessee and which
         shall be duly and properly executed by Lessors and Lessors'
         contractors. As noted below, Lessors shall assign to Lessee any
         warranties obtained by Lessors from any third party contractors,
         covering all or part of the Premises, the maintenance and repair of
         which may be the obligation of Lessee hereunder.

         (b) Upon the satisfaction of the Conditions Subsequent, Lessors shall
diligently attempt to obtain a building permit and shall cause construction of
the Improvements (hereinafter being defined as the date that digging commences
for footer locations) to be commenced as soon as possible after such building
permit has been obtained, and Lessors shall proceed with reasonable diligence to
complete the construction of said Improvements within an eight month
construction period thereafter. Once construction has been commenced, Lessors
shall diligently and conscientiously pursue the construction of the Improvements
to completion. Lessee shall

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cooperate fully in the construction process to assure the timely completion of
the Improvements. Further, Lessee agrees that Lessors shall not be held
responsible for any delay in completion of the Improvements when such delay
results from any act or omission of Lessee, or its employees or agents, strikes,
lockouts, fires, riots, unusual delay in transportation, failure of supply of
construction materials, labor, machinery or equipment, other than such failure
which results from an act or omission on the part of Lessors, natural
occurrences resulting in damage or delay or any other cause beyond the control
of Lessors, including but not limited to Y2K issues.

         (c) Upon completion Lessors hereby agree that Lessors shall assign all
of its rights and options under its separate construction contracts with third
party contractors, to Lessee and that Lessee shall be a third party beneficiary
under each such contract and shall be authorized to enforce the terms thereof
and be entitled to exercise all rights of Lessors thereunder. In addition,
Lessee shall have the right to inspect the Premises and the Improvements during
construction, the right to receive notice, schedules and test results, the right
to make a checklist upon substantial completion of the Improvements, the right
to make a final inspection thereof, and the right to enforce any warranty rights
or claims in connection with the Improvements. The above rights granted to
Lessee are for the express purpose of permitting Lessee to monitor construction
of the Improvements and thereafter, during the term of this Lease, to permit
Lessee to enforce any representations and warranties and/or to cause the
applicable contractor to make any repairs required under the construction
contract.

         (d) Lessors and Lessee hereby agree that no changes shall be made to
the Plans for construction of the Improvements without in each case Lessors and
Lessee agreeing in writing upon such changes and any impact which the same shall
have upon the cost of construction.

         (e) Lessee acknowledges and agrees that Lessors may alter the Plans by
constructing the Building with a basement at Lessors' sole cost. Such cost shall
not be part of the Construction Budget and shall not count against the $550,000
cap. Notwithstanding anything to the contrary, the basement shall not be
considered part of the Premises and Lessors shall retain the right of exclusive
access to such basement. The basement shall not be accessed through the Lessee's
bank lobby or offices. In the event Lessors rent such basement or use it other
than for storage, the parties will agree upon a division of maintenance costs.
All utilities to the basement shall be separately metered. In the event Lessee
utilizes the basement for other than a mechanical room, Lessee shall pay rent to
Lessor in an amount the parties shall agree upon prior to Lessee's use of the
basement.

         4. CONSTRUCTION FINANCING. Upon the satisfaction of the Conditions
Subsequent, Lessee shall provide Lessors with non-recourse financing for the
construction and permanent financing of the Improvements (the "Financing") in an
amount up to the Construction Budget secured by a first mortgage on the
Premises. Lessors and Lessee further agree that the amount of the Financing may
change upon completion of the Construction Budget, provided that both Lessors
and Lessee agree upon the amount of such adjustment in writing. The funds
disbursed under the

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Financing shall accrue interest at a rate equal to the Prime Rate plus one-half
(1/2) percent per annum. The Financing loan documents shall provide that Lessors
shall make equal monthly payments of accrued interest and principal in an amount
necessary to fully amortize the loan over 180 months at the interest rate set
forth above. During the Initial Rent Period as defined in Section 8, Lessee
shall make interest only payments under the Financing Loan Documents. For
purposes of this Lease, Prime Rate shall mean the interest rate per annum
commonly known as the "New York Prime Rate," or any successor interest rate
thereto which is calculated in the same or a substantially similar manner, and
which is published from time to time in The Wall Street Journal determined at
the time of the commencement of construction.

         5. TERM. The term of this Lease shall be fifteen years. The term will
be measured as commencing upon the earlier of (i) Lessee's actual occupancy of
the Premises, or (ii) the substantial completion of the Improvements. Unless
extended as hereinafter provided, the Lease shall terminate on the fifteenth
anniversary date of such commencement date. Notwithstanding, the commencement
date of the term of this Lease, the parties shall be entitled to enforce the
provisions of this Lease prior to such commencement date in accordance herewith.

         Lessee covenants and agrees that it will remain obligated under this
Lease in accordance with its terms and that Lessee will not take any action to
terminate, rescind, or avoid this Lease, notwithstanding the bankruptcy,
insolvency, receivership, reorganization, composition, readjustment,
liquidation, dissolution, winding-up or other proceeding affecting Lessors or
any assignee of Lessors. Lessee will remain obligated under this Lease
regardless of any action with respect to this Lease which may be taken by any
trustee or receiver of Lessors or of any assignee of Lessors in any proceeding
or by any court in any proceeding.

         This Lease shall not terminate and Lessee's duties shall not be
affected by the prohibition, limitation or restriction of Lessee's use of the
Premises, or interference with such use by any private person or corporation.
The rent and all other charges payable under this Lease shall continue to be
payable and the obligations of Lessee shall continue unaffected, for so long as
Lessors or a successor in title which takes subject to this Lease owns the
Premises, unless the requirements to pay or perform are terminated pursuant to
Section 13.

         If not sooner terminated, this Lease shall terminate on the expiration
of the original term or at the end of any subsequent extension or renewal
thereof, and Lessee hereby waives notice to vacate or quit the Premises and
agrees that Lessors shall be entitled to the benefit of all provisions of law
respecting the summary recovery of possession of the Premises from a lessee
holding over to the same extent as if such notice had been given. Lessee hereby
agrees that if it fails to surrender the Premises at the end of the primary term
hereof or any extension or renewal hereof, Lessee will be liable to Lessors for
any and all damages which Lessors shall suffer by reason thereof, and Lessee
will indemnify Lessors against all claims and demands made by any succeeding
Lessee against Lessors founded upon delay by Lessors in delivering possession of
the Premises to such succeeding Lessee.

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         For the period of six months prior to the expiration of the term
hereof, including any extension or renewal hereof, Lessors shall have the right
to display on the exterior of the Premises the customary sign "For Rent",
provided that in any event such sign shall not exceed 2' by 1 1/2'; and during
such period Lessors may show the Premises and all parts thereof to prospective
tenants during normal business hours.

         Hereinafter, any reference in this Lease to the term of the Lease shall
include not only the primary term but, where applicable or any period prior to
surrender of the Premises as provided below.

         6. RENEWAL TERM. Provided that Lessee is not in default under the terms
of this Lease, Lessee shall have the right to renew this Lease for two (2)
additional five (5) year terms by providing Lessors with notice of Lessee's
election to renew at least six (6) months prior to the expiration of the then
current lease term. Upon such renewal, any reference to the term of this Lease
shall be interpreted to include any renewal term pursuant to this Section.

         7. SECURITY DEPOSIT. No security deposit shall be required.

         8. RENT. For the period commencing upon the earlier of (i) termination
of the Grace Period or applicable Extended Grace Period, or (ii) the
satisfaction of the Conditions Subsequent and expiring upon the earlier of (i)
the completion of the building to be located on the Premises ("Building") or
(ii) four (4) months following the commencement date set forth above ("Initial
Rent Period"), the monthly rent shall be equal to the Prime Rate plus one-half
(1/2) percent times the amount paid by Lessors to contractors under the
Construction Budget. In the event Lessor obtains construction financing from a
financial institution other than Lessee or its affiliate, the monthly rent
during the Initial Rent Period shall be zero unless the parties otherwise agree.
Following the Initial Rent Period, Lessee agrees to pay to Lessors as the
minimum base rental for the initial term of this Lease the total sum equal to
the product of 180 times the sum of Four Thousand Two Hundred Dollars ($4,200)
and an amount equal to the monthly payment necessary to fully amortize over 180
months the Construction Budget bearing interest at the Prime Rate plus one-half
percent (1/2%), plus any sales, use or rent tax or any other similar tax
assessed against rent or charges specified in this Lease, which total sum
("Rent") shall be due and payable upon the execution of this Lease, provided,
however, so long as this Lease is not in default Lessors agree to accept
payments on a monthly basis each in the amount of one-one hundred eightieth
(1/180) of the Rent. The parties acknowledge that the Rent shall not be affected
by any partial or full prepayment of the Promissory Note. All monthly
installments of the rent shall be paid in advance on the first day of each
calendar month, in legal tender of the United States, without demand or set-off,
at 246 West Liberty Street, Wooster, Ohio 44691, or such other place as Lessors
may designate from time to time in writing. In the event the commencement date
or the expiration date of this Lease is other than the first day or last day of
a calendar month, respectively, then Lessee shall pay the rent hereunder for the
fractional first or last month, as applicable, prorated on the basis of a thirty
(30) day month.

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         9. ADDITIONAL RENT. In addition to the Rent, all other payments to be
made by Lessee hereunder shall be deemed, for the purpose of securing the
collection thereof, additional rent hereunder, whether or not the same be
designated as such, and shall be due and payable on demand or in such other
manner and at such other times as may otherwise be provided by the terms of this
Lease, together with applicable sales, use or rent tax or any other similar tax
due thereon, and Lessors shall have the same rights and remedies upon Lessee's
failure to pay the same as for the nonpayment of the Rent. Lessors, at their
election, shall have the right, but not the obligation, to make any payments on
behalf of Lessee or to perform any act which requires the expenditure of any
sums of money as a result of the failure or neglect of Lessee to perform any of
the provisions of this Lease and, in such event, Lessee agrees to reimburse and
pay Lessors, upon demand, all of such sums, which sums shall be deemed, for the
purpose of securing the collection thereof, additional Rent hereunder.

         10. RENT DURING ADJUSTMENT PERIOD. The Rent from the period commencing
on the fifth anniversary date of the Lease through the tenth anniversary date
("First Adjustment Period") shall be determined as follows: the increase in the
Rent, if any, for the First Adjustment Period shall be determined by first
multiplying the then current annual Rent times a fraction, the numerator of
which shall be the amount by which the Consumer Price Index for all Urban
Consumers, United States, all Items (1982-1984=100) published by the Bureau of
Labor Statistics of the United States Department of Labor (the "CPI Index") for
the penultimate month immediately preceding the fifth anniversary date of this
Lease exceeds the CPI Index for the penultimate month immediately preceding the
first month of the Lease, and the denominator of which shall be the CPI Index
for the penultimate month immediately preceding the first month of the Lease.
Any such increase shall then be added to the Rent and shall become the Rent for
the First Adjustment Period.

         The Rent from the period commencing on the tenth anniversary date of
the Lease through the fifteenth anniversary date ("Second Adjustment Period")
shall be determined as follows: the increase in the Rent, if any, for the Second
Adjustment Period shall be determined by first multiplying the then current
annual Rent times a fraction, the numerator of which shall be the amount by
which the Consumer Price Index for all Urban Consumers, United States, all Items
(1982-1984=100) published by the Bureau of Labor Statistics of the United States
Department of Labor (the "CPI Index") for the penultimate month immediately
preceding the tenth anniversary date of this Lease exceeds the CPI Index for the
penultimate month immediately preceding the first month of the First Adjustment
Period, and the denominator of which shall be the CPI Index for the penultimate
month immediately preceding the first month of the First Adjustment Period. Any
such increase shall then be added to the Rent and shall become the Rent for the
remainder of the lease term.

         In the event Lessee exercises its first option to renew the term of
this Lease for an additional five (5) years, the Rent during such first renewal
term ("Third Adjustment Period") shall be determined as follows: the increase in
the Rent, if any, for the first renewal term shall be determined by first
multiplying the then current annual Rent times a fraction, the numerator of
which shall be the amount by which the CPI Index for the penultimate month
immediately

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preceding the fifteenth anniversary date of this Lease exceeds the CPI Index for
the penultimate month immediately preceding the first month of the Second
Adjustment Period, and the denominator of which shall be the CPI Index for the
penultimate month immediately preceding the first month of the Second Adjustment
Period. Any such increase shall be added to the Rent and shall become the Rent
for the first renewal term.

         In the event Lessee exercises its second option to renew the term of
this Lease for a second five-year renewal term, the Rent during such second
renewal term shall be determined by first multiplying the then current annual
Rent times a fraction, the numerator of which shall be the amount by which the
CPI Index for the penultimate month immediately preceding the twentieth
anniversary date of this Lease exceeds the CPI Index for the penultimate month
immediately preceding the first month of the Third Adjustment Period, and the
denominator of which shall be the CPI Index for the penultimate month
immediately preceding the first month of the Third Adjustment Period. Any such
increase shall be added to the Rent and shall become the Rent for the second
renewal term.

         In the event that the CPI Index ceases to be published at any time
during the terms of this Lease, or if a substantial change is made in the method
of establishing the CPI Index, then the determination of the adjustment in the
Rent shall be made with the use of such comparable statistics on the cost of
living in the United States as shall be selected by Lessors. Notwithstanding any
term to the contrary, in no event shall the Rent decrease.

         11. COVENANTS OF LESSEE. Lessee hereby covenants with Lessors that
during the term of this Lease:

                  (A) PAYMENT OF RENT. As provided in Section 8 above, Lessee
         will promptly pay the Rent when due at the office of Lessors at 246 W.
         Liberty Street, Wooster, Ohio 44691, or at such other place as Lessors
         may designate to Lessee in writing.

                  (B) UTILITIES. Lessee shall pay during the lease term hereof
         all electrical, water, gas, sewer, telephone, and other public utility
         charges in connection with its occupancy and use of the Premises.

                  Other than all necessary wiring, conduits, and other fixtures
         which are necessary to provide basic telephone and other data
         transmission services to the building, and the conduit capacity for
         Lessee to expand such capabilities which are included in the Plans,
         Lessee shall be responsible for providing any telephones, and telephone
         or data transmission equipment necessary for supplying telephone or
         data processing services to the Premises. However, Lessors shall be
         responsible for bringing all of the utilities to the Premises and for
         installing the same to the Building thereon as required by the Plans.

                  (C) REAL ESTATE TAXES. Lessee shall pay, at least five
         business days prior, when due, all real estate taxes and assessments,
         general and special assessments, fees or late

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         charges, or any other tax imposed or levied against the Premises and
         the buildings and improvements thereon ("Taxes") relating to each
         calendar year during the term of this Lease. Lessor shall be
         responsible for Taxes due and payable during the first year of this
         Lease relating to the period prior to the term of the Lease. Five days
         prior to the applicable due date, Lessee shall provide proof of payment
         of the Taxes to Lessors. In addition, and when and if applicable,
         Lessee shall also pay the reasonable cost (including fees of attorneys,
         consultants and appraisers) of any negotiation, contest or appeal
         pursued by Lessors or Lessee in an effort to reduce any such Taxes. For
         the calendar year in which the term of this Lease commences or
         terminates, the provisions of this Section shall apply but Lessee's
         liability for any such Taxes for such year shall be subject to a pro
         rata adjustment based upon the number of days of such tax year falling
         within the term of this Lease and the number of days which the Premises
         are unimproved.

                  (D) PERSONAL PROPERTY TAXES. Lessee will promptly pay when due
         all personal property taxes levied against all personal property of
         Lessee (including but not limited to trade fixtures and equipment) in
         or on the Premises.

                  (E) MAINTENANCE AND REPAIR. Lessee, at its sole expense, shall
         keep and maintain all portions of the Premises, including fixtures and
         improvements thereon and personal property therein or thereon, in good
         order, repair, and operating condition. Lessee will not commit or
         suffer to be committed any waste upon or about the Premises, and shall
         promptly, at its own cost and expense, make all necessary repairs,
         whether ordinary or extraordinary, foreseen or unforeseen, to maintain
         the Premises, including all fixtures and leasehold improvements
         thereon, as the same were in at the commencement of the term of this
         Lease (ordinary wear and tear excepted). At its sole expense, Lessee
         shall maintain the exterior of the Premises (including all signs,
         parking lot, and abutting landscape and sidewalks) in good order and
         repair, keeping them clear of all rubbish, debris, dirt, ice, snow and
         other obstacles. In the event a single item of repair or maintenance to
         the Premises exceeds $5,000, Lessee shall not commence such work
         (unless an emergency or required to prevent additional damage to the
         Premises) without Lessors' prior consent, which consent shall not be
         unreasonably withheld.

                  (F) LESSEE'S USE AND OCCUPANCY. Lessee shall occupy the
         Premises upon commencement of this Lease and thereafter will
         continuously use the Premises for the permitted use set forth in
         Section 2 and for no other purpose whatsoever. Lessee will use and
         occupy the Premises in a careful, safe, and proper manner; will
         carefully control and guard all machines and equipment, and fires that
         may be operated therein; and will keep all HVAC, plumbing and sewer
         systems free from obstructions and will not at any time overburden or
         exceed the capacity of the mains, feeders, ducts, conduits, or other
         facilities by which utilities are supplied to the Premises.

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                  (G) COMPLIANCE WITH LAWS AND REGULATIONS. Lessee will not use
         or occupy the Premises for any unlawful purpose, and at its sole cost
         and expense, Lessee shall comply with and shall cause the Premises to
         comply with:

                           (i) all present and future federal, state, county,
                  municipal and other applicable governmental statutes, laws,
                  rules, orders, regulations and ordinances affecting the
                  Premises or any part thereof or the occupation or use thereof,
                  including specifically but not limited to CERCLA
                  (Comprehensive Environmental Response Compensation and
                  Liability Act), RCRA (Resource Conservation and Recovery Act)
                  and OSHA (Occupational Safety and Health Act), and those which
                  require the making of any structural, unforeseen or
                  extraordinary changes, whether or not such statutes, etc.,
                  which may be hereafter enacted, involve a change of policy on
                  the part of the governmental body enacting the same; and

                           (ii) all rules, orders and regulations of the
                  National Board of Fire Underwriters (or other similar
                  organizations exercising similar functions) in connection with
                  the prevention of fire or the correction of hazardous
                  conditions which apply to the Premises.

                  (H) LESSORS' ENTRY. Lessee will permit Lessors or their agents
         or other representatives to enter upon the Premises, at reasonable
         times, to examine the condition of the same.

                  (I) SURRENDER OF PREMISES. At the end of the term of this
         Lease, Lessee will surrender and deliver up the Premises in as good
         order and condition as the same now are, or may be put by said Lessors.

                  (J) RESTRICTION AGAINST MECHANIC'S LIENS. Lessee covenants and
         agrees that it shall not, during the term of this Lease, permit any
         lien to be attached to or upon the Premises or any part of the Premises
         by reason of any act or omission on the part of Lessee. Lessee agrees
         to save and hold the Lessors harmless from or against any lien or claim
         of lien. If any lien does attach, and is not released within thirty
         (30) days after notice to Lessee, or if Lessee has not indemnified
         Lessors against the lien within the thirty (30) day period, Lessors, in
         their sole discretion, may pay and discharge the lien and relieve the
         Premises. Lessee agrees to repay and reimburse Lessors upon demand, as
         additional Rent, for any amount paid by Lessors to discharge a lien
         with interest, at a rate equal to ten percent (10%) per annum.

                  Lessee shall be responsible for preparing and filing, subject
         to Lessors' review and approval, all notices of commencement and other
         documents required of property owners by Ohio's Mechanics Lien Law.
         Notwithstanding the above, Lessee may in good faith contest any
         mechanic's, laborers', materialmen's or other liens filed or
         established against the Premises. Lessee may permit the items so
         contested to remain undischarged and

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         unsatisfied during the period of the contest and any appeal therefrom,
         unless the nonpayment of any of the items would materially endanger the
         interest of the Lessors or the Premises or any portion would be subject
         to loss or forfeiture. If nonpayment would impair the Lessors' interest
         or subject the Premises to loss or forfeiture, Lessee shall promptly
         pay, satisfy and discharge all unpaid items or secure the payment by
         posting a bond, in a form satisfactory to Lessors; provided, however,
         that Lessee shall first notify the Lessors of their intention to
         contest the lien. Lessors will cooperate fully with the Lessee in any
         such contest. Lessee shall defend and hold harmless the Lessors from
         any loss, cost or expenses Lessors may incur related to any contest.

                  (K) FIXTURES, EQUIPMENT, ADDITIONS AND LEASEHOLD IMPROVEMENTS.
         Lessee will pay for all business fixtures installed in and leasehold
         improvements made to the Premises for Lessee's use and as required by
         Lessee. Lessee may make such leasehold improvements to the Premises as
         may be acceptable to Lessors upon a showing of Lessee's reasonable need
         for such leasehold improvements. All leasehold improvements including
         business fixtures installed in or upon the Premises at any time shall
         not be removed from the Premises at any time, unless such removal is
         consented to in advance and in writing by Lessors. At the expiration of
         this Lease (either upon the Termination Date or upon such earlier
         termination as provided in this Lease) all such business fixtures and
         leasehold improvements shall be deemed to be a part of the Premises,
         shall not be removed by Lessee when it vacates the Premises, and title
         thereto shall vest solely in Lessors without payment of any kind to
         Lessee.

                  Notwithstanding any of the foregoing to the contrary, Lessee
         shall be permitted to remove all equipment, fixtures, or leasehold
         improvements relating to Lessee's drive-thru banking facilities which
         were paid for by Lessee. In the event the removal causes damage to the
         Premises, Lessee shall restore the Premises to the same condition as
         existed prior to the removal.

                  (L) INSURANCE. At its sole cost and expense, Lessee will
         procure and maintain in force during the term of this Lease (including
         construction) policies of: (i) commercial (general liability)
         insurance, covering both Lessee and Lessors (as an additional named
         insured) against liability or damage to all persons or property while
         in or on the Premises, the entry ways thereto, and sidewalks and
         streets abutting thereon, with limits of not less than $1,000,000 in
         general aggregate; and (ii) fire and extended coverage casualty
         insurance on the Premises, including all additions and leasehold
         improvements thereto in an amount equal to the replacement value of the
         Premises. The amount of insurance shall be reviewed from time to time
         by the parties to assure such amounts remain reasonable in light of
         inflation and the general business environment. Any change shall be
         made promptly. Such policies of insurance shall be with companies and
         through brokers qualified to do business in Ohio. Each such policy
         shall contain an endorsement for the benefit of Lessors as an
         additional named insured, and each such policy shall contain an
         agreement or endorsement

                                      -11-
<PAGE>   12

         that such policy will not be canceled by the insurer without at least
         ten days prior notice to Lessors and Lessee.

                  (M) PERSONAL PROPERTY INSURANCE. Lessee shall obtain such
         coverage as it may desire upon all personal property located in or upon
         the Premises and owned or otherwise in the possession of Lessee
         (including specifically, but not by way of limitation, stock in trade,
         equipment, and fixtures).

                  (N) INDEMNITY BY LESSEE. Lessee shall indemnify, hold harmless
         and defend Lessors from and against any and all claims, actions,
         damages, liability and expense (including, but not limited to, fees of
         attorneys and other professional fees) in connection with:

                           (i) any failure of Lessee to perform its obligations
                  as provided in Section 11(g);

                           (ii) any loss of life, personal injury and/or damage
                  to property arising from or out of the occupancy or use by
                  Lessee (or any other party using the Premises under Lessee) of
                  the Premises or any part thereof, occasioned wholly or in part
                  by any act or omission of the Lessee, its officers, employees,
                  contractors, agents or invitees; or

                           (iii) by any failure of Lessee to abide by or perform
                  any other term, covenant or condition of this Lease.

                  (O) ASSIGNMENT AND SUBLETTING.

                           (i) Lessee covenants not to assign this Lease, sublet
                  all or any part of the Premises or allow a change in the
                  ownership of the leasehold interest without the prior written
                  consent of the Lessors, which consent shall not be
                  unreasonably withheld. An assignment for the benefit of
                  creditors of Lessee or by operation of law, or by the order or
                  action of any governmental agency, shall not be effective to
                  transfer or assign the Lessee's interest without and unless
                  the Lessors first consent in writing. If a sublease or
                  assignment is made as provided in this Section, Lessee shall
                  pay Lessors a charge of Five Hundred Dollars ($500) to
                  reimburse Lessors for all of the necessary legal and
                  accounting services required.

                           (ii) Any assignment or subletting by Lessee shall not
                  result in Lessee being released or discharged from any
                  liability under this Lease. As a condition to Lessors' prior
                  written consent as provided for in this Section, the
                  assignee(s) or subtenant(s) shall agree in writing to comply
                  with and be bound by all of the terms of this Lease.

                           (iii) Lessors consent to any assignment, encumbrance,
                  subletting, occupation, lien or other transfer shall not
                  release Lessee from any of Lessee's obligations under

                                      -12-
<PAGE>   13

                  this Lease or be deemed to be a consent to any subsequent
                  occurrence. Any assignment, encumbrance, subletting,
                  occupation, lien or other transfer of this Lease which does
                  not comply with the provisions of this Section shall be void.

                           (iv) Any assignment or sublease shall recite that it
                  is and shall be subject and subordinate to the provisions of
                  this Lease, and the termination or cancellation of this Lease
                  shall constitute a termination and cancellation of every
                  assignment or sublease.

                           (v) Notwithstanding anything to the contrary, Lessors
                  acknowledge that Lessee intends to assign this Lease to its
                  subsidiary, a federally chartered national bank, upon the
                  completion of such subsidiary's formation.

                  (P) LATE CHARGES. If payment due to Lessors from Lessee is not
         received by Lessors within ten (10) days after the due date, a "late
         charge" of $25.00 may be charged by Lessors to Lessee, as Rent. The
         purpose of this additional payment is to defray the expense incident to
         the handling of such delinquent payments, and the fee shall be payable
         by Lessee to Lessors upon demand.

                  (Q) PAYMENT BY CHECK. Payment by check shall always be subject
         to timely collection of the funds represented by the check. If any
         check tendered by or on behalf of Lessee in payment of any sum due
         under this Lease is dishonored and returned to Lessors for any reason,
         Lessee shall be charged the sum of Twenty-five Dollars ($25.00) for
         each such check, which shall be payable as Rent, to defray the expense
         of handling, processing and bookkeeping. Tenant shall promptly replace
         any dishonored check with a check which is the direct obligation of a
         bank or savings and loan institution (certified check, cashier's check,
         official check or money order). The amount of the replacement check
         shall be in the aggregate amount of the payment tendered, plus the late
         charges provided in this Lease, plus the One Hundred Dollar ($100.00)
         charge required by this Section.

                  (R) MORTGAGE SUBORDINATION.

                  (i) Lessors shall have the right to demand and obtain from
         Lessee a subordination of Lessee's lien arising by virtue of this
         lease, thereby subordinating Lessee's lien in favor of a mortgage
         arising from a mortgage loan, or in favor of any mortgage lien of any
         refinancing or replacing mortgage loan that may become necessary or
         desirable to Lessors from time to time in the future, and Lessee upon
         demand by Lessors for same, agrees to execute at any and all times such
         instruments that may be required by any lending institution or
         prospective mortgagee in order to effectuate such subordination of
         Lessee's lien, provided that such documents or agreements are
         reasonably acceptable to Lessee and Lessee's legal counsel.

                  (ii) It is a condition, however, of the subordination of lien
         provisions herein provided, that Lessors shall procure from any such
         mortgagee an agreement, in writing,

                                      -13-
<PAGE>   14

         which shall be delivered to Lessee, providing in substance that so long
         as Lessee shall faithfully discharge the obligations on its part to be
         kept and performed under the terms of this lease, Lessee's tenancy will
         not be disturbed and this lease will not be affected by any default
         under such mortgage.

                  (S) CONSTRUCTION PLANS. Lessee shall be responsible for
         providing Lessors with all necessary information with respect to
         Lessee's specifications for and requirements to be included within the
         Improvements such that Lessors shall then be able to obtain the
         preparation of necessary plans and specifications for the construction
         of the Improvements on the Premises pursuant to this lease and shall
         cause them to comply with all applicable laws and building regulations.
         As noted above, upon completion of the Plans, Lessors and Lessee shall
         review and approve of the same and shall evidence such approval by
         initialing the same.

     12. COVENANTS OF LESSORS. Lessors hereby covenant with Lessee that
during the term of this Lease (and, where applicable, for such further period as
may be required):

                  (A) QUIET ENJOYMENT. If Lessee pays the Rent when due, and
         keeps and performs the covenants of this Lease on the part of Lessee,
         Lessee shall peaceably and quietly hold, occupy, and enjoy the
         Premises, during the term of this Lease and any extension thereof,
         without any hindrance or molestation by Lessors or any person or
         persons lawfully claiming under Lessors.

                  (B) WARRANTIES AS TO TITLE AND FITNESS FOR USE. Prior to
         accepting Rent, Lessors warrant that:

                           (i) it shall be the true and lawful owner of the
                  Premises; and

                           (ii) it has good, right and full power to lease the
                  same in the manner aforesaid.

         Except for the foregoing, this Lease is made without warranty of any
         kind, express or implied, as to the fitness of the Premises, for any
         particular use or purpose, and by executing this Lease, Lessee shall be
         deemed to have:

                           (i) accepted the Premises;

                           (ii) acknowledged that the same are in the condition
                  called for hereunder; and

                           (iii) agreed that the obligations of Lessors imposed
                  hereunder have been fully performed.

                  (C) INDEMNITY BY LESSORS. Lessors shall indemnify, hold
         harmless and defend Lessee from and against any and all claims,
         actions, damages, liability and expense

                                      -14-
<PAGE>   15

         (including, but not limited to, fees of attorneys and other
         professional fees) in connection with:

                           (i) any loss of life, personal injury and/or damage
                  to property arising from or out of the occupancy or use by
                  Lessors of the Premises or any part thereof, occasioned wholly
                  or in part by any act or omission of the Lessors, their
                  officers, employees, contractors, agents or invitees; or

                           (ii) by any failure of Lessors to abide by or perform
                  any other term, covenant or condition of this Lease.

         13. MUTUAL COVENANTS OF LESSORS AND LESSEE. Both Lessors and Lessee
mutually covenant and agree:

                  (A) PARTIAL DESTRUCTION. If, during the lease term and any
         extensions thereto, the building or its appurtenances on the Premises
         are damaged or destroyed by fire, or by any other cause, Lessors shall
         repair and/or rebuild the damaged property. Repair or reconstruction
         shall be in conformance with plans and designs as existed immediately
         before the damage or destruction occurred, subject to changes as may be
         reasonably attributable to governmental restriction or inability to
         obtain like materials or labor, or other causes (other than financial),
         beyond the control of Lessee. All proceeds of insurance carried on the
         improvements pursuant to Section 11(m) of this Lease, payable as a
         result of any damage or destruction, shall be payable jointly to
         Lessors and Lessee and used only for the purpose of such repair or
         rebuilding. Lessors shall restore, repair and/or rebuild the Premises
         including Lessee's leasehold improvements, to the condition existing
         prior to the damage or destruction. Lessee's obligation to pay Rent
         hereunder shall not abate.

                  (B) COMPLETE DESTRUCTION. If, during the lease term and any
         extension thereto, the building on the Premises is completely destroyed
         by fire or by any other cause, this Lease shall not terminate and the
         Rent shall not be abated unless Lessors have received the insurance
         funds on the Premises pursuant to Section 11(m) above and Lessee is
         unable to recommence its operations within 90 days of the casualty or
         such destruction occurs within 18 months of the end of the term, as
         extended, in which event, Lessee may terminate the Lease by written
         notice to Lessors. If Lessee exercises Lessee's right to terminate the
         Lease, Lessors shall refund all Rent paid after the casualty and any
         insurance proceeds belonging to Lessee paid to Lessors. Repair or
         reconstruction shall be in conformance with the plans and designs as
         existed immediately before the damage or destruction occurred, subject
         to any changes as may be reasonably attributable to governmental
         restriction, inability to obtain like materials or labor or other like
         causes. If operations are not expected to recommence within 90 days of
         the date of casualty and Lessee elects not to terminate the Lease,
         Lessee's Rental obligation shall abate six months from the date of
         casualty to recommencement of operations.

                                      -15-
<PAGE>   16

         (C) DEMAND FOR RENT AND LESSORS' REMEDIES ON LESSEE'S BREACH.

                  (i) The occurrence of any one or more of the following shall
         constitute an event of default under this Lease:

                           1. The filing of a petition by or against Lessee for
                  adjudication as a bankrupt or insolvent, or for its
                  reorganization or for the appointment of a receiver trustee of
                  Lessee's property; any receivership proceedings under any
                  provisions of federal law; any assignment by Lessee for the
                  benefit of creditors; or the taking possession of the property
                  of Lessee by any governmental office or agency pursuant to the
                  statutory authority for the receivership, dissolution, or
                  liquidation of Lessee; or any other action by any governmental
                  agency or department which has the effect of divesting Lessee
                  of its interest or control over the Premises.

                           2. Failure of Lessee to pay within ten (10) days
                  after written demand any installment of the Rent or other
                  Rental charge required to be paid by Lessee;

                           3. Failure of Lessee to pay within ten (10) days
                  after written notice and demand any other charges payable to
                  or on behalf of Lessors under this Lease;

                           4. Lessee's failure to perform or abide by any other
                  term, covenant, or condition of this Lease within ten (10)
                  days after written notice and demand, unless the failure
                  absolutely requires more than ten (10) days to cure. In that
                  event, Lessee's failure to proceed expeditiously,
                  continuously, and diligently to cure fully and completely the
                  failure shall constitute an event of default.

                           5. The Lessee shall abandon or vacate said Premises
                  for more than 30 consecutive days due to any reason except
                  partial or total destruction of the Premises.

                  (ii) If an event of default as provided in subsection (i)
         immediately above occurs, then the Lessors, in addition to all rights
         and remedies granted under the laws of the State of Ohio, shall have
         the following rights:

                           1. To re-enter and remove all persons and property
                  from the Premises, and the property may be removed and stored
                  in a public warehouse or elsewhere at the cost of and for the
                  account and sole risk of Lessee, all without service of notice
                  or resort to legal process and without Lessors or their agents
                  being deemed guilty of trespass, or becoming liable for any
                  loss or damage which may be caused by the removal, Lessee
                  absolutely waiving all claims for direct or indirect related
                  damages;

                           2. To terminate the Lease and re-let the Premises for
                  the account of the Lessors or, within the sole discretion of
                  Lessors, to retake possession of the

                                      -16-
<PAGE>   17

                  Premises without terminating the Lease and to re-let them for
                  the account of Lessee. In the event that Lessors re-let the
                  Premises for the account of Lessee, then Lessors shall have
                  the right to make any alterations and repairs as may be
                  necessary and to re-let the Premises, or any part thereof, at
                  such Rent and for such term and subject to such terms and
                  conditions as Lessors may deem advisable and receive the Rent.
                  Upon each re-letting for the account of Lessee, all Rentals
                  received by Lessors shall be applied, first to the payment of
                  any indebtedness other than Rent under the Lease from Lessee
                  to Lessors; second, to the payment of any loss and expenses of
                  the re-letting, including brokerage fees and attorney's fees
                  and costs of alterations and repairs; third, to the payment of
                  Rent and other charges payable to and on behalf of Lessors due
                  and unpaid under the Lease; and the residue, if any, shall be
                  held by Lessors and applied in payment of future Rent and
                  other charges payable on behalf of Lessors as it may become
                  due and payable under the Lease. Lessee agrees to pay to
                  Lessors on demand any deficiency that may arise by reason of
                  re-letting, Notwithstanding any re-letting without
                  termination, Lessors may at any time thereafter elect to
                  terminate this Lease for the previous breach.

                           3. Lessee agrees to pay all costs, including "court
                  costs," and expenses of collection and reasonable attorney's
                  fees on any part of the Rent, sums agreed to be treated as
                  Rent and other charges payable by Lessee that may be collected
                  by an attorney, with or without instituting legal action. If
                  Lessee fails promptly and fully to perform and comply with
                  each and every term, covenant, agreement, undertaking, or
                  condition under this Lease and the matter is turned over to
                  Lessors' attorney(s), Lessee shall pay Lessors' reasonable
                  attorney's fees plus costs, where deemed necessary or
                  appropriate by Lessors, whether suit is instituted or not.
                  Lessee shall not be required to reimburse Lessors for
                  attorneys' fees and related costs in excess of $5,000.

                  (D) APPROPRIATION BY RIGHT OF EMINENT DOMAIN. If the Premises,
         or substantially all thereof, shall be taken in appropriation
         proceedings or by any right of eminent domain, then this Lease shall
         terminate and be utterly void from the time when possession thereof is
         required for the public use, and such taking shall not operate as or be
         deemed an eviction of Lessee or a breach of Lessors' covenant of quiet
         enjoyment; but Lessee shall pay all Rent due and perform and observe
         all of the covenants hereof, up to the time when possession is required
         for public use. Provided, however, that if only a part of the Premises
         be so taken, and if eight months or more of the term of this Lease,
         then remains unexpired, and if the remaining Premises can be
         substantially restored within 30 days, this Lease shall not terminate,
         but Lessors shall, at the sole expense of Lessee, restore the Premises
         as near as possible to the condition it was in prior to such taking,
         the Rent payable by Lessee during the period of restoration not being
         reduced, and after such restoration, if any, the entire Rent herein
         reserved shall be paid by Lessee as herein provided during the
         remainder of the term of this Lease.

                                      -17-
<PAGE>   18

                  Lessors shall be entitled to retain any proceeds payable in
         connection with the appropriation of the Premises.

                  If the Premises, or any part thereof, shall be taken in
         appropriation proceedings or by any right of eminent domain, Lessee
         shall not share any award relating to the taking of any portion of the
         fee and Lessee's award, if any, shall be limited to an award arising
         out of Lessee's interest in the Lease and any claims against the
         condemning authority for loss of Lessee's fixtures and equipment (other
         than leasehold improvements made by Lessee to the Premises).

                  Lessors and Lessee agree that, in any proceedings incident to
         recovery of damages resulting from any taking or condemnation, they
         will, at the request of the other, join and cooperate in the
         prosecution of their several respective claims for damages resulting
         from such taking or condemnation.

                  (E) RISK OF LOSS AND WAIVER OF LIABILITY. All personal
         property located in or upon the Premises (including, but not limited
         to, additions and improvements made by Lessee to the interior of the
         Premises, and Lessee's inventory, stock in trade, equipment, and
         fixtures) shall be at the sole risk of Lessee.

                  Neither Lessee nor any assignee or subrogee of Lessee shall
         have any claim or action, either at law or in equity, over and against
         Lessors or their agents or employees for any loss, cost or damage to
         the Premises caused by or resulting from fire, the elements, or any
         other cause, of whatsoever origin. Lessors likewise agree that no
         claims shall be made and that no suit or action, either at law or in
         equity, shall be brought by Lessors or by any person, firm or
         corporation claiming by, through, or under Lessors, against Lessee, its
         successors and assigns, for any loss, cost or damage to the Premises
         (or to any other buildings or appurtenances which are or may be located
         upon the Premises) caused by or resulting from fire, the elements, or
         any other cause, of whatsoever origin.

                  (F) OWNERSHIP OF IMPROVEMENTS. All equipment and business
         fixtures installed in or made by Lessee to the Premises shall remain
         the personal property of Lessee, any law to the contrary
         notwithstanding; provided, however, that Lessors shall become the
         owners of all leasehold improvements and business fixtures without the
         necessity of payment of any kind from Lessors to Lessee upon:

                           (i) the Termination Date; or

                           (ii) any default by Lessee in the performance of any
                  term, covenant or condition of this Lease as provided in
                  Section 13(c); or

                           (iii) any governmental condemnation of the Premises.

                                      -18-
<PAGE>   19

                  (G) EFFECT OF LESSORS' WAIVER. Lessors' waiver of a breach of
         any covenant or condition of this Lease is not a waiver or a breach of
         others, or of any subsequent breach of any one so waived. Lessors'
         acceptance of Rent installments after breach is not a waiver of any
         breach. Any failure of Lessors to enforce rights or seek remedies upon
         any default of Lessee with respect to the obligations of this Lease, or
         any of them, shall not prejudice or affect the rights or remedies of
         Lessors in the event of any subsequent default of Lessee.

         14. SIGNAGE. Any signage on the exterior of the building on the
Premises shall be in accordance with the plans and specifications approved by
Lessors as set forth in Section 3.

         15. NOTICES. All notices and other communications provided for under
this Lease shall be in writing and will be deemed to have been duly given only
if delivered personally or mailed certified return receipt requested to the
parties at the following addresses:

if to the Lessors:

             Jack K. Gant
             Heidi M. Gant
             246 West Liberty Street
             Wooster, OH 44691

if to the Lessee:

             Ohio Legacy Corp.
             305 West Liberty Street
             Wooster, OH 44691
             Attention: L. Dwight Douce

All such notices and other communications will: (i) if delivered personally to
the addresses provided in this Section, be deemed given upon delivery; and (ii)
if delivered by mail in the manner described above to the address provided in
this Section, be deemed given within three days following the mailing thereof.
Any party from time to time may change its address by giving notice specifying
such change to the other party hereto.

         16. MISCELLANEOUS.

                  (A) LEASE APPLICABLE TO SUCCESSORS AND ASSIGNS. This Lease and
         all the covenants, terms, provisions and conditions herein contained
         shall inure to the benefit of and be binding upon the heirs, legal
         representatives and assigns of Lessors, and the successors and assigns
         of Lessee; provided, however, that no assignment or sublease by, from,
         through or under this Lease in violation of any covenant, provision,
         term or condition hereof shall vest in the assigns or sublessee any
         right, title or interest whatever.

                  (B) RECORDING. If either party shall desire to record this
         Lease, the parties will execute and record a short Memorandum of Lease.

                                      -19-
<PAGE>   20

                  (C) HEADINGS. The section headings are inserted only as a
         matter of convenience and reference and in no way define, limit, or
         describe the scope and intent of this Lease nor in any manner affect
         this Lease.

         (D) GOVERNING LAW. This Lease shall be governed in accordance with Ohio
law.

         (E) SECTION 1031 EXCHANGE. Lessee acknowledges that Lessors are
acquiring the Premises and constructing the Improvements as part of a tax-free
exchange. Lessee shall fully cooperate with Lessors to assure that such exchange
complies with applicable Internal Revenue Service's regulations.

         (F) PREVIOUS USE OF PREMISES. The parties acknowledge that the Premises
had previously been a site of a gas station.

         (G) CONDITION SUBSEQUENT TO LESSER'S PERFORMANCE. Lessors obligations
under this Lease are expressly conditioned upon Lessors' acquisition of the
Premises. In the event Lessors do not acquire the Premises on or before December
31, 1999, all amounts paid under Section 1 shall be returned to Lessee by
Lessors and Lessors shall have no further liability hereunder.

         IN WITNESS WHEREOF, the parties hereto have signed this Lease Agreement
the day and year first above written.

                                             LESSORS:
/s/ Robert C. Berry                          /s/ Jack K. Gant
---------------------------                  ----------------------------------
                                             Jack K. Gant
/s/ Brenda K. Blackburn
---------------------------

/s/ Robert C. Berry                          /s/ Heidi M. Gant
---------------------------                  ----------------------------------
                                             Heidi M. Gant
/s/ Brenda K. Blackburn
---------------------------

                                             LESSEE:

                                             OHIO LEGACY CORP.

/s/  illegible                               By: /s/ L. Dwight Douce
---------------------------                  ----------------------------------
                                                L. Dwight Douce, President

/s/ Julie Reese
---------------------------

                                     -20-
<PAGE>   21

STATE OF OHIO       )
                    )  ss:
COUNTY OF WAYNE     )

                    Before me, a Notary Public in and for said State, personally
appeared the above named Jack K. Gant and Heidi M. Gant, husband and wife, who
acknowledged that they did sign the foregoing instrument and that the same is
their free act and deed.

                    In Testimony Whereof, I have hereunto set my hand and
official seal at Wooster, Ohio, this 20th day of August, 1999.

                                  /s/ Brenda K. Blackburn
                                  --------------------------
                                  Notary Public

                                        Brenda K. Blackburn
                                    Notary Public, State Of Ohio
                                  My Commission Expires Dec. 14, 2000

STATE OF OHIO       )
                    )  ss:
COUNTY OF WAYNE     )

                    Before me, a Notary Public in and for said State, personally
appeared the above named Ohio Legacy Corp., an Ohio corporation, by L. Dwight
Douce, its President, who acknowledged that he did sign the foregoing instrument
and that the same is the free act and deed of said corporation, and the free act
and deed of him personally and as such officer.

                    In Testimony Whereof, I have hereunto set my hand and
official seal at Wooster, Ohio, this 24th day of August, 1999.

                                 /s/ Julie Reese
                                  --------------------------
                                 Notary Public

This Instrument Prepared By:
     Robert C. Berry                                  Julie Reese
     Attorney at Law                        Notary Public, State Of Ohio
     Wooster, Ohio                        My Commission Expires Oct. 4, 1999

                                      -21-<PAGE>   1

                                                                    Exhibit 10.5

                                 LEASE AGREEMENT
                                 ---------------

         THIS AGREEMENT OF LEASE is made and executed at Canton, Ohio, as of
November 30, 1999 by and between SCHOEPPNER PROPERTIES, an Ohio Partnership
(hereinafter referred to as the "Lessor"), and OHIO LEGACY CORP. (HEREINAFTER
REFERRED TO AS THE "Lessee".)

         Upon the terms, covenants and conditions hereinafter set forth, Lessor
leases to Lessee and Lessee leases from Lessor, a portion of the premises
described in paragraph 1 below:

         1. DESCRIPTION, CONSTRUCTION, OF IMPROVEMENTS AND USE OF PREMISES.
Lessor is the owner of certain real estate described in EXHIBIT A, attached
hereto and made a part hereof. Lessee agrees to lease approximately, 3,500
square feet of the building on said real estate together with the drive-through
banking area of approximately 800 square feet. The area being leased is more
particularly described in the diagram attached hereto and made a part hereof and
marked as EXHIBIT B. The area being leased is hereinafter referred to as the
"Premises" and shall be used for the operation of a full service financial
institution branch.

         2. INITIAL TERM. The initial term of this Lease shall be for a period
of ten (10) years. Subject to Section 7 below, the term shall commence when
Lessor provides the Premises to Lessee, which Premises conform to the plans and
specifications as agreed to between the parties; however, if that date shall be
other than the first day of the month, then the original term hereof shall
commence on the first day of the month next succeeding said date. In that event,
however, Lessee shall pay the fixed Minimum Rent and other charges hereinafter
provided for the fractional month on a per diem basis (calculated on the basis
of a thirty (30) day month) until the first day of the month when the term
hereunder commences, and Lessee's occupancy during said fractional month shall
be subject to all the other covenants and conditions of this Lease. This date
shall be known as the "Commencement Date."

         The term "Lease Year" is defined to mean a period of twelve (12)
consecutive calendar months. The first Lease Year shall begin on the
Commencement date and end on the last day of the twelfth (12th) month
thereafter.

         Lessee covenants and agrees that it will remain obligated under this
Lease in accordance with its terms and that Lessee will not take any action to
terminate, rescind, or avoid this Lease, notwithstanding the bankruptcy,
insolvency, reorganization, composition, readjustment, liquidation, dissolution,
winding-up or other proceeding affecting Lessor or any assignee of Lessor.
Lessee will remain obligated under this lease regardless of any action with
respect to this Lease which may be taken by any trustee or receiver of Lessor or
of any assignee of Lessor in any proceeding or by any court in any proceeding.

<PAGE>   2

         This Lease shall not terminate and Lessee's duties shall not be
affected by the prohibition, limitation or restriction of Lessee's use of the
Premises, or interference with such use by any private person or corporation.
The rent and all other charges payable under this Lease shall continue to be
payable and the obligations of Lessee shall continue unaffected, for so long as
Lessor or a successor in title which takes subject to this Lease owns the
Premises, unless the requirements to pay or perform are terminated pursuant to
paragraph 11(d).

         If not sooner terminated, the Lease shall terminate on the expiration
of the original term or at the end of any subsequent extension or renewal
thereof, and Lessee hereby waives notice to vacate or quit the Premises and
agrees that Lessor shall be entitled to the benefit of all provisions of law
respecting the summary recovery of possession of the Premises from a lessee
holding over to the same extent as if such notice had been given. Lessee hereby
agrees that if it fails to surrender the Premises at the end of the primary term
hereof or any extension or renewal hereof, Lessee will be liable to Lessor for
any and all damages which Lessor shall suffer by reason thereof, and Lessee will
indemnify Lessor against all claims and demands made by any succeeding Lessee
against Lessor founded upon delay by Lessor in delivering possession of the
Premises to such succeeding Lessee.

         For the period of six months prior to the expiration of the term
hereof, including any extension or renewal hereof, Lessor shall have the right
to display on the exterior of the Premises the customary sign "For Rent;" and
during such period Lessor may show the Premises and all parts thereof to
prospective tenants during normal business hours.

         Hereinafter, any reference in this Lease to the term of the Lease shall
include not only the primary term but, where applicable or any period prior to
surrender of the Premises as provided below.

         3. RENEWAL TERM. Provided that Lessee is not in default under the terms
of this Lease, Lessee shall have the right to renew this Lease for two (2)
additional five (5) year terms by providing Lessor with notice of Lessee's
election to renew at least six (6) months prior to the expiration of the then
current lease term. Upon such renewal, any reference to the term of this Lease
shall be interpreted to include any renewal term pursuant to this section.

         4. SECURITY DEPOSIT. No security deposit shall be required.

         5. RENT. Lessee agrees to pay to the Lessor as a minimum base rent for
the term of this Lease as follows:

                  (a) The sum of $15.00 per square foot per year during Lease
Years 1 through 5 or total of $52,500.00 per year payable $4,375.00 monthly in
advance on the first day of each month;

<PAGE>   3

                  (b) The sum of $17.25 per square foot per year during Lease
Years 6 through 10 or the sum of $60,375.00 per year payable $5,031.25 monthly
in advance on the first day of each month;

                  (c) The sum of $19.83 per square foot per year during Lease
Years 11 through 15 or the sum of $69,405.00 per year payable $5,783.75 monthly
in advance on the first day of each month;

                  (d) The sum of $22.81 per square foot per year during Lease
Years 16 through 20 or the sum of $79,835.00 per year payable $6,652.92 monthly
in advance on the first day of each month;

                  (e) In addition to the foregoing, lessee shall pay to Lessor
the sum of $10.00 per square foot for the drive-thru area. This rent shall not
change during the term of this Lease.

                  (f) If requested, Lessor shall install for the benefit of
Lessee certain leasehold improvements and personal property related to bank
operations. Such improvements shall be paid for by Lessee and Lessor shall be
entitled to 8 percent of overhead and profit on the cost of such installation.

                  (g) In the event at anytime during this Lease, Lessee requests
additional space and Lessor has such space available, Lessee shall be permitted
to lease such additional space as the parties may agree on the same terms and
conditions as contained herein, and such additional leased space shall be deemed
Premises subject to this Lease;

                  (h) In addition, the minimum base rent shall include any
sales, use or rent tax or any other similar tax assessed against rent or charges
specified in this Lease, which total sum (the "Minimum Rent") shall be due and
payable upon the execution of this Lease provided, however, so long as this
Lease is not in default, Lessor agrees to accept payments on a monthly basis as
above set forth plus any applicable sales, use or rent tax or any other similar
tax due thereon. All monthly installments of the Minimum Rent shall be paid in
advance on the first day of each calendar month, in legal tender of the United
States, without demand or set off at 6199 Dressler Road N.W., North Canton, Ohio
44720, Attention: Walter T. Schoeppner (or such other place as Lessor may
designate form time to time in writing). In the event the Commencement Date or
the expiration date of this Lease is other than the first day or the last day of
the calendar month, respectively, then Lessee shall pay the Minimum Rent
hereunder for the fractional first or last month, as applicable, prorated on the
basis of a thirty (30) day month.

         6. ADDITIONAL RENT. In addition to the Minimum Rent, all other payments
to be made by Lessee hereunder shall be deemed, for the purpose of securing the
collection thereof, additional rent hereunder, whether or not the same be
designated as

<PAGE>   4

such, and shall be due and payable on demand or is such other manner and at such
other times as may otherwise be provided by the terms of this Lease, together
with applicable sales, use or rent tax or any other similar tax due thereon, and
Lessor shall have the same rights and remedies upon Lessee's failure to pay the
same as for the nonpayment of the Minimum Rent. Lessor, at its election, shall
have the right, but not the obligation, to make any payments on behalf of Lessee
or to perform any act which requires the expenditure of any sums of money as a
result of the failure or neglect of Lessee to perform any of the provisions of
this Lease and, in such event, Lessee agrees to reimburse and pay Lessor, upon
demand, all of such sums, which sums shall be deemed, for the purpose of
securing the collection thereof, additional rent hereunder.

         7. CONDITIONS SUBSEQUENT. The parties acknowledge that Lessee is
attempting to obtain approval to charter a DE NOVO national bank and that the
enforceability of this Lease is subject to the satisfaction of the following
condition subsequent:

         (a) The issuance of a national bank charter to a wholly owned
subsidiary to be formed by Lessee by the Office of the Comptroller of the
Currency ("OCC") for a bank branch to be located in Canton, Ohio; and

         (b) Completion of Lessee's initial public offering of common stock in
the amount required by federal regulations (collectively "Conditions
Subsequent").

In the event either of the Conditions Subsequent are not satisfied, this Lease
shall be null and void and of no further force and effect.

         8. COMMON AREA MAINTENANCE CHARGES. Lessee shall pay to Lessor monthly,
on the first day of each and every calendar month throughout the lease term,
plus applicable sales, use or rent tax or any other similar tax due thereon, in
addition to the Minimum Rent and as additional rent hereunder, its pro rata
share of the common area maintenance and operating expenses incurred by Lessor
for the Premises and the property of which the Premises forms a part, which
expenses shall be deemed to include, without limitation, expenses for Lessor's
maintenance of the entryways, sidewalks, parking areas, landscaping, and snow
removal. Lessor may estimate said amount and collect one-twelfth (1/12) of such
estimate monthly in advance. Utility charges deemed to be part of the common
area maintenance and operating expenses shall include charges that are not
separately metered or assessed or are only partially separated metered or
assessed and are used in common with other tenants of the property of which the
Premises forms a part. Lessee will pay to Lessor its pro rata share of such
charges to the extent that such charges are not included under the paragraph
titled "Utilities" below. Lessee's pro rata share of common area maintenance and
operating expenses shall be the proportion which the square footage of the
Premises (excluding drive-thru) bears to the total leasable square footage of
the property of which the Premises forms a part and at the commencement of the
Lease is agreed to be 54 percent. This shall not change during the term of this
Lease unless Lessee leases more space from Lessor.

<PAGE>   5

         9. COVENANTS OF LESSEE. Lessee hereby covenants with Lessor that during
the term of this Lease:

                  (a) PAYMENT OF RENT. As provided in paragraph 5 above, Lessee
will promptly pay the rent when due at the office of Lessor at 6199 Dressler
Road, N.W.., North Canton, Ohio 44720, or at such other place as Lessor may
designate to Lessee in writing.

                  (b) UTILITIES. Lessee shall pay during the lease term hereof
all electrical, water, gas, sewer, telephone, and other public utility charges
in connection with its occupancy and use of the Premises which are separately
metered.

                  (c) REAL ESTATE TAXES. Lessee shall pay, when due in each
calendar year during the term of this Lease, its allocable share of all real
estate taxes and assessments, general and special assessments, or any other tax
imposed or levied against the Premises and the buildings and improvements
thereon ("Taxes"). In addition, and when and if applicable, Lessee shall also
pay the reasonable cost (including fees of attorneys, consultants and
appraisers) of any negotiation, contest or appeal pursued by Lessor or Lessee in
an effort to reduce any such Taxes. For the calendar year in which the term of
this Lease commences or terminates, the provisions of this section shall apply
but Lessee's liability for any such Taxes for such year shall be subject to a
pro rata adjustment based upon the number of days of such tax year falling
within the term of this Lease.

                  (d) PERSONAL PROPERTY TAXES. Lessee will promptly pay when due
all personal property taxes levied against all personal property of Lessee
(including but not limited to trade fixtures and equipment) in or on the
Premises.

                  (e) MAINTENANCE AND REPAIR. Lessee, as its sole expense, shall
keep and maintain all non-structural items on the Premises, including fixtures
and improvements thereon and personal property therein or thereon, in good
order, repair, and operating condition. Lessee will not commit or suffer to be
committed any waste upon or about the Premises, and shall promptly, as its own
cost and expense, make all necessary repairs, whether ordinary or extraordinary,
foreseen or unforeseen, to maintain the Premises, including all fixtures and
leasehold improvements thereon, as the same were in at the commencement of the
term of this Lease (ordinary wear and tear expected). Lessee shall be
responsible for all maintenance, repair or replacement of HVAC systems related
to the Premises. Lessor shall assign all warranties to all equipment to Lessee
and shall cooperate with Lessee with respect to any repair, maintenance or
warranty claim.

                  (f) LESSEE'S USE AND OCCUPANCY. Lessee shall occupy the
Premises upon commencement of this Lease and thereafter will continuously use
the Premises for the permitted use set forth in paragraph 1 and for no other
purpose whatsoever. Lessee will use and occupy the Premises in a careful, safe,
and proper

<PAGE>   6

manner; will carefully control and guard all machines and equipment, and fires
that may be operated therein; and will keep all HVAC, plumbing and sewer systems
free from obstructions and will not at any time overburden or exceed the
capacity of the mains, feeders, ducts, conduits, or other facilities by which
utilities are supplied to the Premises.

                  (g) COMPLIANCE WITH LAWS AND REGULATIONS. Lessee will not use
or occupy the Premises for any unlawful purpose, and at its sole cost and
expense. Lessee shall comply with and shall cause the Premises to comply with:

                           (i) all present and future federal, state, county,
municipal and other applicable governmental statutes, laws, rules, orders,
regulations and ordinances affecting the Premises or any part thereof or the
occupation or use thereof, including specifically but not limited to CERCLA
(Comprehensive Environmental Response Compensation and Liability Act) RCRA
(Resource Conservation and Recovery Act) and OSHA (Occupational Safety and
Health Act), and those which require the making of any structural, unforeseen or
extraordinary changes, whether or not such statutes, etc., which may be
hereafter enacted, involved a change of policy on the part of the governmental
body enacting the same; and

                           (ii) all rules, orders and regulations of the
National Board of Fire Underwriters (or other similar organizations exercising
similar functions) in connection with the prevention of fire or the correction
of hazardous conditions which apply to the Premises.

                  (h) LESSOR'S ENTRY. Lessee will permit Lessor or its agents or
other representatives to enter upon the Premises, at reasonable times, to
examine the condition of the same.

                  (i) SURRENDER OF PREMISES. At the end of the term of this
Lease, Lessee will surrender and deliver up the Premises in as good order and
condition as the same now are, or may be put by said Lessor.

                  (j) RESTRICTION AGAINST MECHANIC'S LIENS. Lessee covenants and
agrees that it shall not, during the term of this Lease, permit any lien to be
attached to or upon the Premises or any part of the Premises by reason of any
act or omission on the part of Lessee. Lessee agrees to save and hold the Lessor
harmless from or against any lien or claim of lien. If any lien does attach, and
is not released within thirty (30) days after notice to Lessee, or if Lessee has
not indemnified Lessor against the lien within the thirty (30) day period,
Lessor, in its sole discretion, may pay and discharge the lien and relieve the
Premises. Lessee agrees to repay and reimburse Lessor upon demand, as additional
rent, for any amount paid by Lessor to discharge a lien within interest, at a
rate equal to ten percent (10%) per annum.

         Lessee shall be responsible for preparing and filing, subject to
Lessor's review and approval, all notices of commencement and other documents
required of property

<PAGE>   7

owners by Ohio's Mechanics Lien Law. Notwithstanding the above, Lessee may in
good faith contest any mechanic's laborers', materialmen's or other liens filed
or established against the Premises. Lessee may permit the items so contested to
remain undischarged and unsatisfied during the period of the contest and any
appeal therefrom, unless the nonpayment of the items would materially endanger
the interest of the Lessor or the Premises or any portion would be subject to
loss or forfeiture. If nonpayment would impair the Lessor's interest or subject
the Premises to loss or forfeiture, Lessee shall promptly pay satisfy and
discharge all unpaid items or secure the payment by posting a bond, in a form
satisfactory to Lessor; provided, however, that Lessee shall first notify the
Lessor of its intention to contest the lien. Lessor will cooperate fully with
the Lessee in any such contest. Lessee shall defend and hold harmless the Lessor
from any loss, cost or expenses Lessor may incur related to any contest.

                  (k) FIXTURES, EQUIPMENT, ADDITIONS AND LEASEHOLD IMPROVEMENTS.
Lessee will pay for all business fixtures installed in and leasehold
improvements made to the Premises for Lessee's use and as required by Lessee.
Lessee may make such leasehold improvements to the Premises as may be acceptable
to Lessor upon a showing of Lessee's reasonable need for such leasehold
improvements. All leasehold improvements (as distinguished from business
fixtures and equipment) installed in or upon the Premises at any time shall not
be removed from the Premises at any time, unless such removal is consented to in
advance and in writing by Lessor. At the expiration of this Lease (either upon
the Termination Date or upon such earlier termination as provided in this Lease
) all such leasehold improvements shall be deemed to be a part of the Premises,
shall not be removed by Lessee when it vacates the Premises, and title thereto
shall vest solely in Lessor without payment of any kind to Lessee.

                  So long as Lessee shall not be in default of any terms or
covenants of this Lease, all business fixtures and equipment (as distinguished
from leasehold improvements and fixtures) owned by Lessee and installed in the
Premises shall remain the property of Lessee and shall be removable at any time,
including upon the expiration of the term hereof; provided, however, that Lessee
shall repair any damage to the Premises caused by the removal of such business
fixtures and equipment, and shall restore the Premises to substantially the same
condition as it existed prior to the installation of such business fixtures and
equipment.

                  Notwithstanding any of the foregoing to the contrary, Lessee
shall be permitted to remove all equipment, fixtures, or leasehold improvements
relating to Lessee's drive-thru banking facilities which were paid for by
Lessee; provided, however, that Lessee shall repair any damage to the Premises
caused by the removal of such business fixtures and equipment, and shall restore
the Premises to substantially the same condition as it existed prior to the
installation of such business fixtures and equipment.

<PAGE>   8

                  (l) PUBLIC LIABILITY INSURANCE. At its sole cost and expense,
Lessee will procure and maintain in force during the term of this Lease policies
of public liability and property damage insurance, covering both Lessee and
Lessor (as an additional named insured) against liability or damage to all
persons or property while in or on the Premises, the entry ways thereto, and
sidewalks and streets abutting thereon, with limits of not less than $1,000,000
in general aggregate. Such policies of insurance shall be with companies and
through brokers qualified to do business in Ohio. Each such policy shall contain
an endorsement for the benefit of Lessor as an additional named insured, and
each such policy shall contain an agreement or endorsement that such policy will
not be cancelled by the insurer without at least ten days prior notice to Lessor
and Lessee.

                  (m) FIRE AND EXTENDED COVERAGE INSURANCE. Lessee shall obtain
such coverage as it may desire upon all personal property located in or upon the
Premises and owned or otherwise in the possession of Lessee (including
specifically, but not by way of limitation, inventory, stock in trade,
equipment, and fixtures).

                  (n) LESSOR'S INSURANCE. Lessee shall pay, when due in each
calendar year during the term of this Lease, its allocable share of all Lessor's
annual premiums for the insurance maintained by Lessor for (i) a public
liability policy providing against loss and damage or injury occurring on the
Common Areas, which shall be in the amount of $2,000,000.00 coverage, and (ii)
an all risk policy of insurance which shall insure against loss or damage to the
building and any other structural improvements, which shall be in the amount of
the estimated replacement value. The parties agree that for said premium amounts
the Lessee shall pay 54 percent for same. In consideration for Lessee's payment
of its share of Lessor's annual insurance premiums, Lessor will have the Lessee
named as an "Additional Named Insured" on the policies.

                  (o) INDEMNITY BY LESSEE. Lessee shall indemnify, hold harmless
and defend Lessor from and against any and all claims, actions, damages,
liability and expense ( including, but not limited to, fees of attorneys and
other professional fees) in connection with:

                           (i)    any failure of Lessee to perform its
                                  obligations as provided in paragraph 9(g);

                           (ii)   any loss of life, personal injury and/or
                                  damage to property arising from out of the
                                  occupancy or use by Lessee (or any other party
                                  using the Premises under Lessee) of the
                                  Premises or any part thereof, occasioned
                                  wholly or in party by any act or omission of
                                  the Lessee, its officers, employees,
                                  contractors, agents or invitees; or

                           (iii)  by any failure of Lessee to abide by or
                                  perform any other term, covenant or condition
                                  of this Lease.

<PAGE>   9

                  (p)      ASSIGNMENT AND SUBLETTING.

                           (i) Lessee covenants not to assign this Lease, sublet
all or any part of the Premises or allow a change in the ownership of the
leasehold interest without the price written consent of the Lessor, which
consent shall not be unreasonably withheld. An assignment for the benefit of
creditors of Lessee or by operation of law shall not be effective to transfer or
assign the Lessee's interest without and unless the Lessor first consents in
writing. If a sublease or assignment is made as provided in this section, Lessee
shall pay Lessor a charge of Two Hundred Dollars ($200.00) to reimburse Lessor
for all of the necessary legal and accounting services required. Lessee shall be
permitted with no cost to assign this Lease to a wholly owned subsidiary to be
formed by it, which subsidiary shall engage in banking services.

                           (ii) Any assignment or subletting by Lessee shall not
result in Lessee being released or discharged from any liability under this
Lease. As a condition to Lessor's prior written consent as provided for in this
section, the assignee(s) or subtenant(s) shall agree in writing to comply with
and be bound by all of the terms of this Lease.

                           (iii) Lessor's consent to any assignment,
encumbrance, subletting, occupation, lien or other transfer shall not release
Lessee from any of Lessee's obligations under this Lease or be deemed to be a
consent to any subsequent occurrence. Any assignment, encumbrance, subletting,
occupation, lien or other transfer of this Lease which does not comply with the
provisions of this paragraph shall be void.

                           (iv) Any assignment or sublease shall recite that it
is and shall be subject and subordinate to the provisions of this Lease, and the
termination or cancellation of this Lease shall constitute a termination and
cancellation of every assignment or sublease.

                  (q) LATE CHARGES. If payment due to Lessor from Lessee is not
received by Lessor within ten (10) days after the due date, a "late charge" of
$25.00 may be charged by Lessor to Lessee, as rent. The purpose of this
additional payment is to defray the expense incident to the handling of such
delinquent payments, and the fee shall be payable by Lessee to Lessor upon
demand.

                  (r) PAYMENT BY CHECK. Payment by check shall always be subject
to timely collection of the funds represented by the check. If any check
tendered by or on behalf of Lessee in payment of any sum due under this Lease is
dishonored and returned to Lessor for any reason, Lessee shall be charged the
sum of Twenty-five Dollars ($25.00) for each such check, which shall be payable
as rent, to defray the expense of handling, processing and bookkeeping. Tenant
shall promptly replace any dishonored check with a check which is the direct
obligation of a bank or savings and loan institution (certified check, cashier's
check, official check or money order). The amount of the replacement check shall
be in the aggregate amount of the payment

<PAGE>   10

tendered, plus the late charges provided in paragraph 9(a) in this Lease, plus
the One Hundred Dollar ($100.00) charge required by this paragraph.

10. COVENANTS OF LESSOR. Lessor hereby covenants with Lessee that during the
term of this Lease (and, where applicable, for such further period as may be
required);

                  (a) QUIET ENJOYMENT. If Lessee pays the rent when due, and
keeps and performs the covenants of this Lease on the part of Lessee, Lessee
shall peaceably and quietly hold, occupy, and enjoy the Premises, during the
term of this Lease and any extension thereof, without any hindrance or
molestation by Lessor or any person or persons lawfully claiming under Lessor.

                  (b) WARRANTIES AS TO TITLE AND FITNESS FOR USE. Lessor, upon
the effective date of this Lease, warrants that:

                           (i)     it is the true and lawful owner of the
                                   Premises; and

                           (ii)    it has good, right and full power to lease
                                   the same in the manner aforesaid.

Except for the foregoing, this Lease is made without warranty of any kind,
express or implied, as to the fitness of the Premises, for any particular use or
purpose, and by executing this Lease, Lessee shall be deemed to have:

                           (i)     accepted the Premises;

                           (ii)    acknowledged that the same are in the
                                   condition called for hereunder; and

                           (iii)   agreed that the obligations of Lessor imposed
                                   hereunder have been fully performed.

                  (c) COMMON AREA REPAIRS. Lessor shall keep the foundation, the
outer walls, the parking lot, entry ways, landscaping, and the roof of the
property of which the Premises forms a part in good repair, ordinary wear and
tear excepted, but shall not be required to make any other repairs.
Notwithstanding the above, if any damage is caused by any act, negligence or
omission of Lessee, its sublessees, assignees, invitees, licensees, contractors,
employees or agents or their respective sublessees, assignees, invitees,
licensees, contractors, employees, or agents, then, in such event, Lessee shall
remain liable. The parties acknowledge that the parking lot and building are
being constructed in a low lying area, and Lessor shall be responsible for any
repair or maintenance necessitated as a result of settling, water infiltration,
or other damage caused by such fact.

<PAGE>   11

                  (d) INDEMNITY BY LESSOR. Lessor shall indemnify, hold harmless
and defend Lessee from and against any and all claims, actions, damages,
liability and expense (including, but not limited to, fees of attorneys and
other professional fees) in connection with:

                           (i) any loss of life, personal injury and/or damage
to property arising from or out of the occupancy or use by Lessor (or any other
party using the Premises under Lessor) of the Premises or any part thereof,
occasioned wholly or in part by any act or omission of the Lessor, its officers,
employees, contractors, agents or invitees; or

                           (ii) by any failure of Lessor to abide by or perform
any other term, covenant or condition of this Lease.

11. MUTUAL COVENANTS OF LESSOR AND LESSEE. Both Lessor and Lessee mutually
covenant and agree:

                  (a) PARTIAL DESTRUCTION. If, during the lease term and any
extensions thereto, the building or its appurtenances on the Premises are
damaged or destroyed by fire, or by any other cause, Lessor shall repair and/or
rebuild the damaged property. Repair or reconstruction shall be in conformance
with plans and designs as existed immediately before the damage or destruction
occurred, subject to changes as may be reasonably attributable to governmental
restriction or inability to obtain like materials or labor, or other causes
(other than financial), beyond the control of Lessee. All proceeds of insurance
carried on the improvements pursuant to paragraph 9(m) of this Lease, payable as
a result of any damage or destruction, shall be payable jointly to Lessor and
Lessee and used only for the purpose of such repair or rebuilding. Lessor shall
restore, restore, repair and/or rebuild the Premises including Lessee's
leasehold improvements, to the condition existing prior to the damage or
destruction. Lessee's obligation to pay rent hereunder shall not abate.

                  (b) COMPLETE DESTRUCTION. If, during the lease term and any
extension thereto, the building on the Premises is completely destroyed by fire
or by any other cause, this Lease shall not terminate and the rent shall not be
abated unless Lessor has received the insurance funds on the Premises pursuant
to paragraph 9(m) above and Lessee is unable to recommence its operations within
150 days of the casualty, in which event, Lessee may terminate the Lease by
written notice to Lessor. If Lessee exercises Lessee's right to terminate the
Lease, Lessor shall refund all rent paid after the casualty and any insurance
proceeds belonging to Lessee paid to Lessor. Repair or reconstruction shall be
in conformance with the plans and designs as existed immediately before the
damage or destruction occurred, subject to any changes as may be reasonably
attributable to governmental restriction, inability to obtain like materials or
labor or other like causes. If operations are not expected to recommence within
150 days of the date of casualty and Lessee elects not to terminate the Lease,
Lessee's rental obligation shall abate from the date of casualty to
recommencement of operations.

<PAGE>   12

                  (c) DEMAND FOR RENT AND LESSOR'S REMEDIES ON LESSEE'S BREACH.

                           (i) The occurrence of any one or more of the
following shall constitute an event or default under this Lease;

                                    1. The filing of a petition by or against
Lessee for adjudication as a bankrupt or insolvent, or for its reorganization or
for the appointment of a receiver or trustee of Lessee's property/ any
reorganization proceedings under any provisions of the Federal Bankruptcy Code;
any assignment by Lessee for the benefit of creditors; or the taking possession
of the property of Lessee by any governmental officer or agency pursuant to the
statutory authority for the dissolution or liquidation of Lessee;

                                    2. Failure of Lessee to pay within ten (10)
days after written demand any installment of the rent or other rental charge
required to be paid by Lessee;

                                    3. Failure of Lessee to pay within ten (10)
days after written notice and demand any other charges payable to or on behalf
of Lessor under this Lease;

                                    4. Lessee's failure to perform or abide by
any other term, covenant, or condition of this Lease within ten (10) days after
written notice and demand, unless the failure absolutely requires more than ten
(10) days to cure. In that event, Lessee's failure to proceed expeditiously,
continuously, and diligently to cure fully and completely the failure shall
constitute an event of default.

                                    5. The Lessee shall abandon or vacate the
said Premises for more than 30 consecutive days due to any reason except partial
or total destruction of the Premises.

                           (ii) If an event of default as provided in subsection
(i) immediately above occurs, then the Lessor, in addition to all rights and
remedies granted under the laws of the State of Ohio, shall have the following
rights:

                                    1. To re-enter and remove all persons and
property from the Premises, and the property may be removed and stored in a
public warehouse or elsewhere at the cost of and for the account and sole risk
of Lessee, all without service of notice or resort to legal process and without
Lessor or its agents being deemed guilty of trespass, or becoming liable for any
loss or damage which may be caused by the removal, Lessee absolutely waiving all
claims for direct or indirect related damages;

                                    2. To terminate the Lease and re-let the
Premises for the account of the Lessor or, within the sole discretion of Lessor,
to retake possession of the Premises without terminating the Lease and to re-let
them for the account of Lessee. In the event that Lessor re-lets the Premises
for the account of Lessee, then

<PAGE>   13

Lessor shall have the right to make any alterations and repairs as may be
necessary and to re-let the Premises, or any part thereof, at such rent and for
such term and subject to such terms and conditions as Lessor may deem advisable
and receive the rent. Upon each re-letting for the account of Lessee, all
rentals received by Lessor shall be applied, first to the payment of any
indebtedness other than rent under the Lease from Lessee to Lessor; second, to
the payment of any loss and expenses of the re-letting, including brokerage fees
and attorney's fees and costs of alterations and repairs; third, to the payment
of rent and other charges payable to and on behalf of Lessor due and unpaid
under the Lease; and the residue, if any, shall be held by Lessor and applied in
payment of future rent and other charges payable on behalf of Lessor as it may
become due and payable under the Lease. Lessee agrees to pay to Lessor on demand
any deficiency that may arise by reason of re-letting,, Notwithstanding any
re-letting without termination, Lessor may at any time thereafter elect to
terminate this Lease for the previous breach.

                                    3. Lessee agrees to pay all costs, including
"court costs," and expenses of collection and reasonable attorneys' fees on any
part of the rent, sums agreed to be treated as rent and other charges payable by
Lessee that may be collected by an attorney, with or without instituting legal
action. IF Lessee fails promptly and fully to perform and comply with each and
every term, covenant, agreement, undertaking, or condition under this Lease and
the matter is turned over to Lessor's attorney(s), Lessee shall pay Lessor's
reasonable attorney's fees plus costs, where deemed necessary or appropriate by
Lessor, whether suit is instituted or not. Lessee shall not be required to
reimburse Lessor for attorney's fees and related costs in excess of $5,000.00.

                  (d) APPROPRIATION BY RIGHT OF EMINENT DOMAIN. If the Premises,
or substantially all thereof, shall be taken in appropriation proceedings or by
any right of eminent domain, then this Lease shall terminate and be utterly void
from the time when possession thereof is required for the public use, and such
taking shall not operate as or be deemed an eviction of Lessee or a breach of
Lessor's covenant of quiet enjoyment; but Lessee shall pay all rent due and
perform and observe all of the covenants hereof, up to the time when possession
is required for public use. Provided, however, that if only a part of the
Premises be so taken, and if eight months or more of the term of this Lease,
then remains unexpired, and if the remaining Premises can be substantially
restored within 30 days, this Lease shall not terminate, but Lessor shall, at
the sole expense of Lessee, restore the Premises as near as possible to the
condition it was in prior to such taking, the rent payable by Lessee during the
period of restoration not being reduced, and after such restoration, if any, the
entire rent herein reserved shall be paid by Lessee as herein provided during
the remainder of the term of this Lease.

                  Lessor shall be entitled to retain any insurance proceeds
payable in connection with the appropriation of the Premises.

                  If the Premises, or any part thereof, shall be taken in
appropriation proceedings or by any right of eminent domain, Lessee shall not
share any award

<PAGE>   14

relating to the taking of any portion of the fee and Lessee's award, if any,
shall be limited to an award arising out of Lessee's interest in the Lease any
claims against the condemning authority for loss of Lessee's fixtures and
equipment (other than leasehold improvements made by Lessee to the Premises).

                  Lessor and Lessee agree that, in any proceedings incident to
recovery of damages resulting from any taking or condemnation, they will, at the
request of the other, join and cooperate in the prosecution of their several
respective claims for damages resulting from such taking or condemnation.

                  (e) RISK OF LOSS AND WAIVER OF LIABILITY. All personal
property located in or upon the Premises (including, but not limited to,
additions or improvements made by Lessee to the interior of the Premises, and
Lessee's inventory, stock in trade, equipment, and fixtures) shall be at the
sole risk of Lessee.

                  Neither Lessee nor any assignee or subrogee of Lessee shall
have any claim or action, either at law or in equity, over and against Lessor or
its agents or employees for any loss, cost or damage to the Premises cause by or
resulting from fire, the elements, or any other cause, of whatsoever origin.
Lessor likewise agrees that no claims shall be made and that no suit or action,
either at law or in equity, shall be brought by Lessor or by any person, firm or
corporation claiming by, through, or under Lessor, against Lessee, its
successors and assigns, for any loss, cost or damage to the Premises (or to any
other buildings or appurtenances which are or may be located upon the Premises)
caused by or resulting from fire, the elements, or any other cause, of
whatsoever origin.

                  (f) OWNERSHIP OF IMPROVEMENTS. All equipment and business
fixtures installed in or made by Lessee to the Premises shall remain the
personal property of Lessee, any law to the contrary notwithstanding; provided,
however, that Lessor shall become the owner of all leasehold improvements and
fixtures without the necessity of payment of any kind from Lessor to Lessee
upon:

                           (i) the Termination Date; or

                           (ii) any default by Lessee in the performance of any
term, covenant or condition of this Lease as provided in paragraph 11(c); or

                           (iii) any governmental condemnation of the Premises.

                  (g) EFFECT OF LESSOR'S WAIVER. Lessor's waiver of a breach of
any covenant or condition of this Lease is not a waiver or a breach of others,
or of any subsequent breach of any one so waived. Lessor's acceptance of rent
installments after breach is not a waiver of any breach. Any failure of Lessor
to enforce rights or seek remedies upon any default of Lessee with respect to
the obligations of this Lease, or any of them, shall not prejudice or affect the
rights or remedies of Lessor in the event of any subsequent default of Lessee.

<PAGE>   15

         12. SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT. In the
event Lessor determines to grant a security interest (including Mortgage,
Assignment of Rents, financing statements, and the like) in the Premises, the
Lessee hereby agrees to execute a Subordination, Non-disturbance and Attornment
Agreement in a reasonable form and substance, thereby subordinating its interest
in the Lease to the financial institution or other entity providing the
financing to Lessor ("Financing Entity"). In the event of a foreclosure or other
action by the Financing Entity, such agreement shall provide that for so long as
Lessee is not in default of this Lease, Lessee's occupancy of the Premises shall
not be affected.

         13. SIGNAGE. Lessee shall be entitled to place on the side of the
canopy used for its drive-thru facilities Lessee's name as shown on the plans
and specifications. In addition, Lessee shall be entitled to install a sign in
conformity with the sign depicted on Exhibit C, attached hereto, at the location
previously agreed. On termination of the Lease, Lessee shall be entitled to
remove its sign.

         14. PROHIBITION AGAINST COMPETING TENANTS. Lessor agrees that, without
Lessee's prior written approval, Lessor will not lease any other portion of the
building of which the Premises are a part to any competitor of Lessee, including
any investment banking firm, mortgage brokerage firm, financial institution, or
any other individual, institution, or entity that sells competing products or
provides competing services with Lessee.

         15. ARBITRATION. In the event the parties have any dispute arising out
of this Lease, such dispute shall be submitted to a neutral arbitrator mutually
acceptable to both parties. In the event the parties cannot agree on a single
arbitrator, each party shall appoint a neutral arbitrator, and the two so
appointed shall appoint a third. A decision of the single arbitrator or of the
majority of the three arbitrators (as the case may be) shall be final and
binding on the parties. Prior to the arbitration award, the cost of a single
arbitrator shall be shared equally between the parties, and the cost of three
arbitrators shall be borne by each party bearing the cost of the arbitrator
appointed by it with the cost of the third arbitrator being shared equally
between the parties. At the time of the arbitrator(s)' award, the arbitrator(s),
as part of the award, shall specify which party is the prevailing party. The
prevailing party shall, in addition to such other relief as the arbitrator(s)
deem advisable, be entitled to recover all costs and expenses associated with
the arbitration of the matter including reasonable attorney's and experts' fees.
The arbitrator(s) may, as part of the award, determine that neither party is the
prevailing party, and, in which case, each party shall bear their own cost. In
the event a party fails to appoint an arbitrator within 15 days of demand for
arbitration, the arbitrator selected by the party demanding arbitration shall be
deemed an arbitrator mutually acceptable to both parties, and the arbitration
shall proceed accordingly.

         16. NOTICES. All notices and other communications provided for under
this Lease shall be in writing and mailed or delivered:

<PAGE>   16

if to the Lessor:

         Schoeppner Properties
         6199 Dressler Road N.W.
         North Canton, OH  44720

         Attention:  Walter T. Schoeppner

If to the Lessee:

         Ohio Legacy Corp.
         305 Liberty Street
         Wooster, OH  44691

         Attention:  L. Dwight Douce

or, as to each party, at such other address as shall be designated by such party
in a written notice to the other party complying as to delivery with the terms
of this paragraph 16. All such notices and communications shall, when mailed, be
effective when deposited in the mail addressed as aforesaid.

         17. COMMON AREAS. The common areas shall be reserved for all lessees,
and no lessee shall be permitted to use the common area for signage or
advertising or to place signage on the inside of lessee's leased premises facing
the common areas so as to solicit business. This provision shall not prohibit a
lessee from placing signage within its leased premises disclosing its hours of
operation.

         18. MISCELLANEOUS.

                  (a) LEASE APPLICABLE TO SUCCESSORS AND ASSIGNS. This Lease and
all the covenants, terms, provisions and conditions herein contained shall inure
to the benefit of and be binding upon the heirs, legal representatives and
assigns of Lessor, and the successors and assigns of Lessee; provided, however,
that no assignment or sublease by, from, through or under this Lease in
violation of any covenant, provision, term or condition hereof shall vest in the
assigns or sublessee any right, title or interest whatever.

                  (b) NOTICES AND CONSENTS. All notices provided for in this
Lease shall be given in writing; and shall be delivered, in the case of Lessor,
and, in the case of Lessee, to the premises.

                  (c) RECORDING. If either party shall desire to record this
Lease, the parties will execute and record a short Memorandum of the Lease.

<PAGE>   17

                  (d) HEADINGS. The paragraph headings are inserted only as a
matter of convenience and reference and in no way define, limit, or describe the
scope and intent of this Lease nor in any manner affect this Lease.

                  (e) GOVERNING LAW. This Lease shall be governed in accordance
with Ohio law.

IN WITNESS WHEREOF, the parties hereto have signed this Lease Agreement as of
the day and year first above written.

                                            LESSOR:

                                            SCHOEPPNER PROPERTIES,
/s/ Danielle Masters                        An Ohio Partnership
------------------------
                                            By: /s/ Walter T. Schoeppner
                                               ----------------------------
/s/ Erin Davis                              Walter T. Schoeppner,
------------------------                    General Partner

/s/ Stan Wrubble                            LESSEE:
------------------------
                                            OHIO LEGACY CORP.

/s/ Cathy Vanderslice                       By: /s/ L. Dwight Douce
------------------------                       ----------------------------

                                            President and CEO

<PAGE>   18

STATE OF OHIO          )
                       )ss:
COUNTY OF STARK        )

         Before me, a Notary Public, in and for said State, personally appeared
the above-named Schoeppner Properties, by Walter T. Schoeppner, its General
Partner, who acknowledged that he did sign the foregoing instrument in the
indicated capacities, and that the same is his free act and deed and the free
act and deed of Schoeppner Properties.

         IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal at
Stark, Ohio, this 24th day of November, 1999.

                                                      /s/ Eric J. Davis
                                                     -----------------------
                                                         Notary  Public

STATE OF OHIO          )
                       )ss:
COUNTY OF WAYNE        )

         Before me, a Notary Public in and for said State, personally appeared
the above named Ohio Legacy Corp., by L. Dwight Douce, its President and CEO,
who acknowledged that he did sign the foregoing instrument and that the same is
the free act and deed of said Institution, and the free act and deed of him
personally and as such officer.

         In Testimony Whereof, I have hereunto set my hand and official seal at
Canton, Ohio, this 30th day of November, 1999.

                                                     /s/ Cathy Vanderslice
                                                     --------------------
                                                         Notary  Public

This Instrument Prepared By:
       Daniel H. Plumly
        Attorney at Law
         Wooster, Ohio

<PAGE>   19

                                    EXHIBIT A
                                    ---------

         Situated in the Township of Jackson, County of Stark, State of Ohio,
and being part of the Southwest Quarter of Section 25, (T-11, R-9), also being
part of a tract conveyed to Walter T. Schoeppner by a deed recorded in Official
Records Imaging Number 98031478 of the Stark County Records.

         Beginning at a standard county monument found at the northeast corner
of said Southwest Quarter; thence S 02 degrees 01' 57" W along the easterly
line of said Southwest Quarter, 9.99 feet to a 1/2 inch iron bar with H&A cap
found and the true place of beginning:

         1.       Thence continuing S 02 degrees 01' 57" W along the easterly
                  line of said Southwest Quarter, 470.55 feet to a 1/2 inch
                  iron bar with Cooper cap found;

         2.       Thence N 87 degrees 58' 03" W along the northerly line of a
                  tract now or formerly owned by Raymond S. Jr. and Cynthia A.
                  Rosedale, 181.94 feet to a 1/2 inch iron bar with Cooper cap
                  found;

         3.       Thence N 15 degrees 11' 49" W along the easterly right-of-way
                  line of Dressler Road, C.R. 101 (an 80 foot public right-of-
                  way), 425.94 feet to a 1/2 inch iron bar with Cooper cap
                  found;

         4.       Thence on a curve to the right having a radius of 1862.55
                  feet, a central angle of 02 degrees 05' 36" , a tangent of
                  34.03 feet, a chord of 68.05 feet and a chord bearing of N 14
                  degrees 09' 01" W, an arc distance of 68.05 feet to a 1/2
                  inch iron bar with H&A cap found at a point of non-tangency;

         5.       Thence S 87 degrees 40' 57" E along the southerly line of a
                  tract now or formerly owned by Schoeppner Properties, 327.07
                  feet to a 1/2 inch iron bar with H&A cap found and the true
                  place of beginning.

         The above described tract of land contains 2.759 acres, of which 0.00
acres lies within the public road right-of-way as surveyed by Charles F.
Hammontree, P.S. #7263 of Hammontree and Associates, Limited, Engineers and
Surveyors of North Canton, Ohio, in June, 1998.

         The basis of bearings for this description is S 02 degrees 01' 57" W
the east line of the Southwest Quarter of Section 25 as recorded in Official
Records Imaging Number 98031478 of the Stark County Records.

<PAGE>   20

                                    EXHIBIT B
                                    ---------

 [SEPARATE PLAT OF BUILDING]

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