Document:

450
      NORTHRIDGE PARKWAY

    

    

    

    LEASE
      

    

    BY
      AND BETWEEN

    

    ROBERTS
      PROPERTIES RESIDENTIAL, L.P.,

    

    AS
      LANDLORD

    

    

    AND

    

    

    ROBERTS
      PROPERTIES CONSTRUCTION, INC., 

    

    AS
      TENANT

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    TABLE
      OF CONTENTS

    

    
      	
              Section

            	
              Page

            
	 	 	 
	
              1.

            	
              TERM.

            	
              1

            
	
              2.

            	
              RENT.

            	
              1

            
	
              2.1

            	
              Base
                Rent.

            	
              1

            
	
              2.2

            	
              Payment;
                Late Charge; Past Due Rate.

            	
              1

            
	
              3.

            	
              OPERATING
                EXPENSES.

            	
              2

            
	
              3.1

            	
              Payment;
                Base Year.

            	
              2

            
	
              3.2

            	
              Proportionate
                Share.

            	
              
                
                  2

                

              

            
	
              3.3

            	
              Common
                Operating Expenses.

            	
              
                2

              

            
	
              3.4

            	
              Gross-Up
                Adjustment.

            	
              4

            
	
              3.5

            	
              Manner
                of Payment.

            	
              5

            
	
              3.6

            	
              Additional
                Expenses.

            	
              5

            
	
              3.7

            	
              Audit
                Right.

            	
              5

            
	
              4.

            	
              SECURITY
                DEPOSIT.

            	
              6

            
	 	
              USE.

            	
              6

            
	
              5.1

            	
              Permitted
                Use.

            	
              6

            
	
              5.2

            	
              Covenants.

            	
              6

            
	
              5.3

            	
              Occupancy
                of Premises.

            	
              7

            
	
              6.

            	
              UTILITIES
                AND SERVICE.

            	
              7

            
	
              6.1

            	
              Utilities.

            	
              7

            
	
              6.2

            	
              Electrical
                Services.

            	
              7

            
	
              6.3

            	
              Janitorial
                Services.

            	
              8

            
	
              6.4

            	
              Cessation
                of Services.

            	
              8

            
	
              7.

            	
              REPAIR
                AND MAINTENANCE.

            	
              8

            
	
              7.1

            	
              Landlord’s
                Repairs.

            	
              8

            
	
              7.2

            	
              Tenant’s
                Repair.

            	
              8

            
	
              8.

            	
              FORCE
                MAJEURE.

            	
              8

            
	
              9.

            	
              PROPERTY
                AND LIABILITY INSURANCE.

            	
              9

            
	
              9.1

            	
              Landlord’s
                Insurance.

            	
              9

            
	
              9.2

            	
              Compliance
                with Insurance Regulations; Covenants.

            	
              9

            
	
              9.3

            	
              Tenant’s
                Insurance.

            	
              9

            
	
              9.4

            	
              Policy
                Requirements.

            	
              10

            
	
              9.5

            	
              Waiver
                of Subrogation.

            	
              10

            
	
              10.

            	
              ALTERATIONS
                AND IMPROVEMENTS.

            	
              10

            
	
              10.1

            	
              Acceptance
                of Premises.

            	
              10

            
	
              10.2

            	
              Improvements
                and Alterations.

            	
              11

            
	
              10.3

            	
              Liens.

            	
              11

            
	
              10.4

            	
              Title
                to Alterations.

            	
              11

            
	
              10.5

            	
              Tenant’s
                Negligence.

            	
              12

            
	
              10.6

            	
              Compliance
                with Laws.

            	
              12

            
	
              11.

            	
              ASSIGNMENT
                OR SUBLETTING.

            	
              12

            
	
              11.1

            	
              Transfers.

            	
              12

            
	
              11.2

            	
              Permitted
                Transfers.

            	
              13

            
	
              11.3

            	
              No
                Release of Tenant.

            	
              13

            
	
              11.4

            	
              Assignment
                of Options.

            	
              13

            
	
              11.5

            	
              Assignment
                by Landlord.

            	
              14

            
	
              12.

            	
              DEFAULTS.

            	
              14

            
	
              12.1

            	
              Default
                by Tenant.

            	
              14

            
	
              12.2

            	
              Landlord’s
                Remedies.

            	
              14

            
	
              12.3

            	
              Abandonment
                of Personal Property.

            	
              16

            
	
              12.4

            	
              Reentry.

            	
              16

            
	
              12.5

            	
              Remedies
                Non-Exclusive

            	
              16

            

    

     

    
      
        
        

      

      
        i

        
          

        

      

      
        
        

      

    

    
      	 	 	 
	
              12.6

            	
              Waiver
                of Certain Rights.

            	
              16

            
	
              12.7

            	
              NonWaiver.

            	
              17

            
	
              13.

            	
              BANKRUPTCY.

            	
              17

            
	
              14.

            	
              DAMAGE
                AND CONDEMNATION.

            	
              17

            
	
              14.1

            	
              Casualty.

            	
              17

            
	
              14.2

            	
              Condemnation.

            	
              18

            
	
              15.

            	
              TAXES.

            	
              18

            
	
              16.

            	
              INDEMNIFICATION;
                LIABILITY OF LANDLORD.

            	
              19

            
	
              16.1

            	
              Hold
                Harmless.

            	
              19

            
	
              16.2

            	
              Limitation
                of Liability.

            	
              19

            
	
              17.

            	
              RIGHT
                OF ENTRY.

            	
              19

            
	
              18.

            	
              BUILDING
                RULES AND REGULATIONS.

            	
              19

            
	
              19.

            	
              PROPERTY
                LEFT ON THE PREMISES.

            	
              19

            
	
              20.

            	
              OTHER
                INTERESTS.

            	
              20

            
	
              20.1

            	
              Subordination.

            	
              20

            
	
              20.2

            	
              Attornment.

            	
              20

            
	
              21.

            	
              HOLDING
                OVER.

            	
              20

            
	
              22.

            	
              HAZARDOUS
                MATERIALS.

            	
              21

            
	
              23.

            	
              NO
                WAIVER.

            	
              22

            
	
              24.

            	
              BINDING
                EFFECT.

            	
              22

            
	
              25.

            	
              RIGHT
                TO RELOCATE.

            	
              22

            
	
              26.

            	
              SIGNS.

            	
              22

            
	
              27.

            	
              DIRECTORY
                BOARD.

            	
              23

            
	
              28.

            	
              ESTOPPEL
                CERTIFICATE.

            	
              23

            
	
              29.

            	
              COMMON
                AREA CONTROL AND PARKING AREAS.

            	
              23

            
	
              29.1

            	
              Common
                Areas.

            	
              23

            
	
              29.2

            	
              Parking.

            	
              23

            
	
              30.

            	
              MISCELLANEOUS.

            	
              23

            
	
              30.1

            	
              Severability.

            	
              23

            
	
              30.2

            	
              Entire
                Agreement.

            	
              23

            
	
              30.3

            	
              Cumulative
                Remedies.

            	
              24

            
	
              30.4

            	
              Notices.

            	
              24

            
	
              30.5

            	
              Recording.

            	
              24

            
	
              30.6

            	
              Attorneys’
                Fees.

            	
              24

            
	
              30.7

            	
              Homestead.

            	
              25

            
	
              30.8

            	
              TIME
                OF ESSENCE.

            	
              25

            
	
              30.9

            	
              No
                Estate In Land.

            	
              25

            
	
              30.10

            	
              Accord
                And Satisfaction.

            	
              25

            
	
              30.11

            	
              Brokers’
                Fees.

            	
              25

            
	
              30.12

            	
              Tenant’s
                Authority.

            	
              25

            
	
              30.13

            	
              Consents
                By Landlord.

            	
              25

            
	
              30.14

            	
              Joint
                And Several Liability.

            	
              25

            
	
              30.15

            	
              Independent
                Covenants.

            	
              25

            
	
              30.16

            	
              No
                Access To Roof.

            	
              26

            
	
              30.17

            	
              Acceptance.

            	
              26

            
	
              30.18

            	
              Waiver
                Of Counterclaim.

            	
              26

            
	
              30.19

            	
              Counterparts.

            	
              26

            
	
              30.20

            	
              Quiet
                Enjoyment.

            	
              26

            
	
              30.21

            	
              Interpretation.

            	
              26

            
	
              30.22

            	
              Financial
                Statements.

            	
              26

            
	
              30.23

            	
              Real
                Estate Investment Trust.

            	
              26

            

    

    

    
      
        
        

      

      
        ii

        
          

        

      

      
        
        

      

    

    

    LEASE

    (450
      Northridge Parkway)

    

    THIS
      LEASE, made this 27th day of March, 2006, effective as of the
      1st
      day of
      January, 2006 (the “Commencement Date”), between ROBERTS
      PROPERTIES RESIDENTIAL L.P.,
      a
      Georgia limited partnership (herein called “Landlord”), and ROBERTS
      PROPERTIES CONSTRUCTION, INC.,
      a
      Georgia corporation (herein called “Tenant”);

    

    W
      I T N E S S E T H:   THAT,

    

    WHEREAS,
      Landlord is the owner of that certain building situated at 450 Northridge
      Parkway, Fulton County, Atlanta, Georgia 30350 (herein called the “Building”)
      and located on the property (herein called the “Land”; the Land, the parking
      area adjacent to the Building, and the Building are herein collectively called
      the “Property”) described on Exhibit
      “A”,
      attached hereto and by this reference incorporated herein and made a part
      hereof; and

    

    WHEREAS,
      Tenant
      wishes to lease from Landlord approximately 1,542 rentable square feet on the
      third (3rd)
      floor
      of the Building being Suite 301, which area is crosshatched on the diagram
      marked Exhibit
      “B”,
      attached hereto and by this reference incorporated herein and made a part hereof
      (herein called the “Premises”); 

    

    NOW,
      THEREFORE,
      in
      consideration of the payment of the rent and all other charges and payments
      hereunder and the keeping and performance of the covenants, agreements, terms,
      provisions, and conditions by Tenant as hereinafter set forth, Landlord does
      hereby lease to Tenant, and Tenant does hereby lease from Landlord, the
      Premises, subject to all matters hereinafter set forth and upon and subject
      to
      the covenants, agreements, terms, provisions and conditions of this Lease for
      the term hereinafter stated. Tenant hereby accepts the Premises in their
      condition existing as of the date hereof and hereby acknowledges that Landlord
      has not made any representation or warranty as to the suitability of the
      Premises for the conduct of Tenant’s business. No easement for light or air is
      included in this Lease for the Premises and Property.

    

    FOR
      AND IN CONSIDERATION
      of the
      leasing of the Premises as aforesaid, the parties hereby covenant and agree
      as
      follows:

    

    1. TERM. 

    The
      term
      (herein called the “Lease Term”) of this Lease commenced on the Commencement
      Date and, unless sooner terminated under the provisions hereof, shall expire
      at
      11:59 p.m. on December 31, 2006. Tenant acknowledges that it is currently in
      possession of the Premises and that Landlord shall have no delivery of
      possession requirement hereunder. “Lease Year” shall mean each consecutive
      twelve (12) month period during the Lease Term commencing with the Commencement
      Date.

    

    2. RENT. 

    

    2.1 Base
      Rent. Commencing
      on the Commencement Date, the annual base rent (“Annual Base Rent”) for the
      Premises shall be TWENTY-NINE THOUSAND TWO HUNDRED NINETY-EIGHT AND NO/100
      DOLLARS ($29,298.00). The Annual Base Rent shall be payable in equal monthly
      installments of TWO THOUSAND FOUR HUNDRED FORTY-ONE AND 50/100 DOLLARS
      ($2,441.50) in advance on the first day of each and every calendar month during
      the Lease Term (“Base Rent”). Base Rent shall be prorated at the rate of 1/30th
      of the Base Rent per day for any partial month. 

    

    2.2 Payment;
      Late Charge; Past Due Rate. Tenant
      shall pay the rent and all other sums, amounts, liabilities, and obligations
      which Tenant herein assumes or agrees to pay, whether designated Base Rent,
      additional rent, costs, expenses, damages, losses, or otherwise, (all of which
      are herein collectively called “Rent”) as herein provided promptly at the times
      and in the manner herein specified without demand, deduction, setoff, abatement,
      counterclaim, defense, or prior notice. Tenant hereby acknowledges that late
      payment to Landlord of Rent or other sums due hereunder will cause Landlord
      to
      incur costs not contemplated by this Lease, the exact amount of which will
      be
      extremely difficult to ascertain. If any Rent is not received by Landlord within
      five (5) days after the date on which it is due, Tenant shall pay Landlord
      a
      late charge equal to five percent (5%) of the amount of such past due payment,
      plus any attorney’s fees and costs incurred by Landlord by reason of Tenant’s
      failure to pay Rent when due, notwithstanding the date on which such payment
      is
      actually paid to Landlord. If such Rent is not paid within thirty (30) days
      of
      the date on which it was originally due, then, in addition to such late charge,
      Tenant shall pay Landlord interest on such Rent from the date on which it was
      originally due until the date it is actually paid at a rate per annum equal
      to
      the lesser of (i) the prime rate of interest announced by Wachovia Bank of
      Georgia, N.A., or its successors, from time to time for 90-day unsecured loans
      to its best commercial customers plus five percent (5%) or (ii) the maximum
      nonusurious rate permitted by applicable law of the state in which the Building
      is located or the United States of America, whichever shall permit the higher
      nonusurious rate, such interest being in addition to and cumulative of any
      other
      rights and remedies which Landlord may have with regard to the failure of Tenant
      to make any such payments under this Lease. Any such late charge and interest
      shall be due and payable at the time of actual payment of the Rent. Any Rent
      payable to Landlord by Tenant shall be paid in cash or by check at the office
      of
      Landlord, Suite 302, 450 Northridge Parkway, Atlanta, Georgia 30350, or at
      such
      other place or places as Landlord may from time to time designate in
      writing.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    3. OPERATING
      EXPENSES. 

    

    3.1 Payment;
      Base Year. During
      the Lease Term, Tenant shall pay to Landlord as additional rent Tenant’s
      Proportionate Share of Common Operating Expenses (as hereinafter defined) for
      the ensuing calendar year in excess of the actual Common Operating Expenses
      during the calendar year 2006 (herein called the “Base Year”). The amount of
      such additional rent shall be paid by Tenant to Landlord in equal monthly
      installments in advance on the first day of each month of such ensuing calendar
      year, at the same time and in the same manner as Base Rent. Tenant’s
      Proportionate Share of Common Operating Expenses shall be prorated as necessary
      for any year during which this Lease is in effect for less than a full twelve
      month calendar year. Common Operating Expenses and Tenant’s Proportionate Share
      of Common Operating Expenses shall be calculated on an accrual basis and
      estimated in accordance with Section 3.4 below.

    

    3.2 Proportionate
      Share. “Tenant’s
      Proportionate Share of Common Operating Expenses” shall mean, for each calendar
      year (or portion thereof), 4.1% of the Operating Expense Amount (defined below),
      which percentage is calculated by dividing the rentable area of the Premises
      (numerator) by the rentable area of the Building (denominator), and expressing
      the fraction as a percentage. As of the date hereof, the rentable area of the
      Building is 37,864 square feet. As used herein, the “Operating Expense Amount”
shall mean, for each calendar year, or portion thereof, the amount by which
      the
      Common Operating Expenses exceeds the Base Year Common Operating
      Expenses.

    

    3.3 Common
      Operating Expenses. For
      purposes of this Lease, the term “Common Operating Expenses” shall consist of
      all “operating costs” (as hereinafter defined) for the Property. For purposes of
      this Lease, the term “operating costs” shall mean all expenses, costs and
      disbursements, subject to the exclusions set forth in Section 3.3.13 hereof,
      relating to or incurred or paid in connection with the ownership, operation,
      maintenance and repair of the Property, computed in accordance with generally
      accepted accounting principles, consistently applied, including, but not limited
      to, the following:

    

    3.3.1 The
      wages, salaries and attributable overhead expenses of all employees that are
      not
      excluded under Section 3.3.13 and that are engaged in the operation,
      maintenance, security and/or access control of the Property, including, without
      limitation, employers’ Social Security taxes, unemployment, and any other taxes
      which may be levied on or with respect to such wages, salaries, and attributable
      overhead expenses as well as insurance and benefits relating thereto (to the
      extent that persons are engaged with respect to more than one building, wages
      and salaries relating to such persons shall be equitably apportioned between
      all
      such buildings based upon Landlord’s reasonable estimate of the time spent by
      each such person on each building relative to their total time on all
      buildings). 

    

    3.3.2 The
      cost
      of all supplies, tools, equipment and materials used in the operation and
      maintenance of the Property, including rental fees for the same, if such items
      are not purchased and amortized pursuant to this Section 3.3.

    

    3.3.3 The
      cost
      of water, sewer, heating, lighting, ventilation, electricity, air conditioning,
      and any other utilities supplied or paid for by Landlord for the Property
      (excluding those costs billed to specific tenants) and the cost of maintaining
      the systems supplying the same, including, but not limited to, any utility
      and
      service costs incurred by Landlord under Section 6 hereof.

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    3.3.4 The
      cost
      of all maintenance and service, including the agreements relating thereto,
      of
      the Property and the equipment therein, including, but not limited to, window
      cleaning, elevator maintenance, janitorial service, pest control, landscaping
      maintenance and access control. 

    

    3.3.5 The
      cost
      of all sprinkler systems, fire extinguishers, fire hoses, security services
      and
      protective services or devices rendered to or in connection with the Property
      or
      any part thereof.

    

    3.3.6 Insurance
      premiums for insurance for the Property required to be maintained by Landlord
      hereunder or which Landlord deems appropriate, including, but not limited to,
      premiums for insurance maintained by Landlord under Section 9.1, business
      interruption, rental abatement, or liability insurance, and the cost of
      deductibles paid on claims made by Landlord. 

    

    3.3.7 The
      cost
      of repairs and general maintenance of the Property, including, but not limited
      to: maintenance and cleaning of common areas and facilities; lawn mowing,
      gardening, landscaping, and irrigation of landscaped areas; line painting,
      pavement maintenance, sweeping, and sanitary control; removal of snow, trash,
      rubbish, garbage, and other refuse; the cost of personnel to implement such
      services, to direct parking, and to police the common facilities; the cost
      of
      exterior and interior painting; all maintenance and repair costs incurred under
      Section 7.1 or Section 10; and the cost of maintenance of sewers and utility
      lines.

    

    3.3.8 The
      amortization, together with financing charges, of the cost of capital investment
      items which are installed for the purpose of reducing operating expenses,
      promoting safety, complying with governmental requirements or maintaining the
      high quality nature of the Property.

    

    3.3.9 All
      taxes, assessments, and governmental or other charges, general or special,
      ordinary or extraordinary, foreseen or unforeseen, which are levied, assessed,
      or otherwise imposed against the Property, street lights, personal property
      or
      rents, or on the right or privilege of leasing the Property, collecting rents
      therefrom or from parking vehicles thereon, by any federal, state, county,
      or
      municipal government or by any special sanitation district or by any other
      governmental or quasi-governmental entity that has taxing or assessment
      authority, and any other taxes and assessments attributable to the Property
      or
      its operation, together with the reasonable cost (including attorneys,
      consultants and appraisers) of any negotiation, contest or appeal pursued by
      Landlord in an effort to reduce any such tax, assessment or charge, and all
      of
      Landlord’s administrative costs in relation to the foregoing (herein
      collectively called the “Impositions”), but exclusive of federal, state or local
      income taxes of Landlord, inheritance taxes, estate taxes, gift taxes, transfer
      taxes, excess profit taxes and any taxes imposed in lieu of such taxes. If
      at
      any time during the Lease Term, the present method of taxation or assessment
      shall be so changed that the whole or any part of the Impositions now levied,
      assessed or imposed on real estate and the improvements thereon shall be
      discontinued or changed and as a substitute therefor, or in lieu of or in
      addition thereto, taxes, assessments, levies, impositions or charges shall
      be
      levied, assessed and/or imposed wholly or partially as a capital levy or
      otherwise on the rents received from the Property or the rents reserved herein
      or any part thereof, then such substitute or additional taxes, assessments,
      levies, impositions or charges, to the extent so levied, assessed or imposed,
      shall be deemed to be included within the Impositions and the operating costs.
      Tenant will be responsible for ad valorem taxes on its personal property and
      on
      the value of the leasehold improvements in the Premises to the extent the same
      exceed building standard allowances, and if the taxing authorities do not
      separately assess Tenant’s leasehold improvements, Landlord may make a
      reasonable allocation of the ad valorem taxes allocated to the Property to
      give
      effect to this sentence. Landlord may take reasonable steps to protest any
      increase in real estate or ad valorem taxes and assessments on the Building
      or
      the Land including without limitation Landlord’s timely response to any notice
      of increase of assessed value of the land on which the Building is
      located.

    

    3.3.10 All
      management expenses attributable to the Property, including, but not limited
      to:
      administrative expenses associated with collecting rent, arranging for and
      assuring continuity of Property services, supervising maintenance or repair,
      enforcing rules and regulations and generally assuring compliance with the
      terms
      of this and other leases; salaries or wages of persons employed or contracted
      to
      manage the Property (to the extent that persons are engaged with respect to
      more
      than one building, wages and salaries relating to such persons shall be
      equitably apportioned between all such buildings based upon Landlord’s
      reasonable estimate of the time spent by each such person on each building
      relative to their total time on all buildings); the cost of supplies and
      materials, equipment and furnishings necessary for such management functions;
      the cost of telephone service, attributable overhead expenses and any other
      expenses and management fees directly relating to the management of the
      Property; provided, however, such management expenses and fees shall not exceed
      five percent (5%) of the gross revenues of the Property during the Lease
      Term.

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    3.3.11 All
      assessments, costs, expenses or other charges imposed upon the Building pursuant
      to that certain Amended and Restated Declaration of Reciprocal Easements dated
      August 12, 1994, recorded in Deed Book 18640, page 098, Fulton County, Georgia
      Land Records, as amended (the “Declaration”).

    

    3.3.12 Reasonable
      cost of rent for management office within the Property applicable to the
      Building.

    

    3.3.13 Anything
      in this Lease to the contrary notwithstanding, there shall be excluded from
      operating costs the following items:

    

    (a)
      Repairs or other work occasioned by fire, windstorm or other casualty of an
      insurable nature to the extent that Landlord receives compensation, or by the
      exercise of eminent domain to the extent that Landlord receives compensation.
      

    

    (b)
      Leasing commissions, attorneys’ fees, costs and disbursements and other expenses
      incurred in connection with negotiations or disputes with tenants, other
      occupants, or prospective tenants.

    

    (c)
      The
      costs of renovating or otherwise improving or decorating, painting or
      redecorating space for tenants or other occupants in particular; however, any
      such costs incurred with respect to the common areas of the Property shall
      be
      included within operating costs.

    

    (d)
      Landlord’s costs for electricity and other services that are sold to tenants and
      for which Landlord receives a reimbursement by tenants as an additional charge
      or rental.

    

    (e)
      Costs
      incurred by Landlord for alterations or improvements which are considered
      capital improvements or replacements under generally accepted accounting
      principles, except those permitted by Section 3.3.8 hereof.

    

    (f)
      Depreciation and amortization, except for the amortization permitted by Section
      3.3.8 hereof.

    

    (g)
      Costs
      of a capital nature including but not limited to capital improvements, capital
      repairs, capital equipment and capital tools; however, those costs of a capital
      nature permitted by Section 3.3.8 hereof shall be included within operating
      costs.

    

    (h)
      Expenses in connection with services or other benefits of a type provided to
      other tenants but which are not made available to Tenant.

    

    (i)
      Wages, salaries or other compensation or benefits for any officers or employees
      of Landlord above the grade of Building Manager.

    

    (j)
      Interest, payment due under any note, deed to secure debt, or mortgage
      encumbering the Building in which the Premises is located or under any rental
      under any underlying superior lease or ground lease.

     

    Nothing
      contained in this Section 3, including, but not limited to, the definition
      of
“operating costs” contained in subsection 3.3 hereof, shall imply any duty on
      the part of Landlord to pay any expense or provide any service not otherwise
      imposed by the express terms of this Lease.

    

    3.4 Gross-Up
      Adjustment. If
      the
      Building is less than fully occupied or if Building standard Landlord services
      are not provided to the entire Building during the Base Year or any period
      thereafter, then Operating Expenses for the Base Year or such later period
      shall
      be “grossed up” by Landlord to that amount of Operating Expenses that, using
      reasonable projections, would normally be expected to be incurred during the
      Base Year or such later period if the Building was one hundred percent (100%)
      occupied and receiving Building standard Landlord services during the Base
      Year
      or later period, as determined under generally accepted accounting principles
      consistently applied.

    

    
      
        
        

      

      
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    3.5 Manner
      of Payment.    (a)
      For
      the purpose of estimating the Common Operating Expenses during each subsequent
      year after the Base Year, prior to each December 31st
      during
      the Lease Term Landlord shall estimate the amount of Common Operating Expenses
      and Tenant’s Proportionate Share of Common Operating Expenses for the ensuing
      calendar year or, if applicable, remaining portion thereof and notify Tenant
      in
      writing of such estimate. Such estimate shall be made by Landlord in the
      exercise of its sole discretion and not subject to arbitration. 

    

    (b)
      On or
      before April 30th
      during
      the Lease Term, or as soon thereafter as reasonably practical, Landlord shall
      give Tenant a Statement (“Statement”) showing Tenant the amount of actual Common
      Operating Expenses for the previous calendar year. Delay by Landlord in
      providing to Tenant any Statement shall not relieve Tenant from the obligation
      to pay any Expense increase upon the rendering of such Statement. If Tenant’s
      Proportionate Share of Common Operating Expenses for such calendar year proves
      to be greater than the estimated amount, Landlord shall invoice Tenant for
      the
      deficiency as soon as practicable after the amount of underpayment has been
      determined, and Tenant shall pay such deficiency to Landlord within fifteen
      (15)
      days following its receipt of such invoice. If, however, Tenant’s Proportionate
      Share of Common Operating Expenses for such calendar year is lower than the
      estimated amount, Tenant shall receive a credit toward the next ensuing monthly
      payment or payments of the estimated amount of Tenant’s Proportionate Share of
      Common Operating Expenses in an amount of such overpayment until depleted,
      provided however that (i) in no event shall Tenant’s Proportionate Share of
      Common Operating Expenses be deemed to be less than zero, and (ii) in the event
      of the expiration or other termination of this Lease, Tenant shall be refunded
      such overpayment as soon as practicable thereafter after the amount of
      overpayment has been determined.

    

    3.6 Additional
      Expenses. Tenant
      shall also pay as additional rent all other charges, costs and expenses which
      are not included within Common Operating Expenses and which are incurred by
      Landlord as a result of any use of the Premises by Tenant. The amount of such
      additional rent shall be paid by Tenant to Landlord in advance on the first
      day
      of each month of such ensuing calendar year, at the same time and in the same
      manner as Base Rent, or within ten (10) days of Tenant’s receipt of a statement
      therefor from Landlord if such charges, costs and expenses are not incurred
      monthly and are billed separately by Landlord.

    

    3.7 Audit
      Right. In
      the
      event that within ninety (90) days after Tenant’s receipt of the Statement for
      the prior calendar year, Tenant reasonably believes that certain of the Common
      Operating Expenses charged by Landlord include costs that are not properly
      included within the term “Common Operating Expenses” or that Landlord has erred
      in calculating same, Tenant shall have the right to audit Landlord’s books and
      records in accordance with this paragraph. Tenant shall exercise such audit
      right by providing Landlord with a written notice of Tenant’s exercise of such
      audit right within such 90-day period and a statement enumerating reasonably
      detailed reasons for Tenant’s objections to the Statement issued by Landlord
      (the “Audit Notice”). Upon the receipt by Landlord of an Audit Notice, Landlord
      shall instruct its property manager at the Building to meet with a designated
      employee of Tenant (the “Tenant Representative”) to discuss the objections set
      forth in the Audit Notice. Landlord shall provide the Tenant Representative
      with
      reasonable access to Landlord’s books and records at the Building relating to
      Common Operating Expenses for the calendar year in question in order to attempt
      to resolve the issues raised by Tenant in the Audit Notice. If, within thirty
      (30) days after Landlord’s receipt of the Audit Notice, Landlord and Tenant are
      unable to resolve Tenant’s objections, then not later than fifteen (15) days
      after the expiration of such 30-day period, Tenant shall notify Landlord if
      Tenant wishes to employ an independent, reputable certified public accounting
      firm charging for its services on an hourly rate (and not a contingent fee)
      basis (“Acceptable Accountants”) to inspect and audit Landlord’s books and
      records for the Building relating to the objections raised in Tenant’s
      statement. Such audit shall be limited to a determination of whether or not
      Landlord calculated the Common Operating Expenses in accordance with the terms
      and conditions of this Lease and normal and customary accounting methods used
      by
      owners of similar buildings in the area for calculating Tenant’s Common
      Operating Expense increase. All costs and expenses of any such audit shall
      be
      paid by Tenant. Any audit performed pursuant to the terms of this section shall
      be conducted only by the Acceptable Accountants at the offices of Landlord’s
      property manager at the Building. If Landlord has overcharged Tenant for
      Tenant’s Proportionate Share of the Common Operating Expense increase for any
      year, Landlord shall pay the amount of such overpayment to Tenant. If Common
      Operating Expenses are overstated by more than ten percent (10%), then Landlord
      agrees to pay the reasonable costs of such audit, not to exceed the lesser
      of
      Two Thousand and No/100 Dollars ($2,000.00) per audit or the amount of the
      overcharge. If Landlord has undercharged Tenant for Tenant’s Proportionate Share
      of the Common Operating Expense increase, Tenant shall promptly pay the amount
      of such underpayment to Landlord. Notwithstanding anything contained herein
      to
      the contrary, Tenant shall be entitled to exercise its audit right pursuant
      to
      this section only in strict accordance with the foregoing procedures no more
      often than once per calendar year and each such audit shall relate only to
      the
      calendar year most recently ended. In the event that Tenant fails to notify
      Landlord within the foregoing 90-day period that Tenant objects to the
      Statement, then Tenant’s right to audit such year’s Statement shall be null and
      void. Notwithstanding anything contained herein to the contrary, Tenant shall
      have no right to audit Landlord’s books and records for a particular calendar
      year if another tenant in the Building has conducted an audit of Landlord’s
      books for the same calendar year in question. In such event, Landlord shall
      provide Tenant with a copy of the result of such audit and Tenant shall be
      bound
      by the results of such audit. 

    

    
      
        
        

      

      
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    4. SECURITY
      DEPOSIT. Intentionally
      Omitted.

    

    5. USE.

    

    5.1 Permitted
      Use. Tenant
      and its permitted assignees and subtenants shall use the Premises only for
      general office purposes, not in violation of the Declaration, and for no other
      use or purpose without the prior written consent of Landlord. No act shall
      be
      done in or about the Premises that is unlawful or that will increase the
      existing rate of insurance on the Building. In the event of a breach of this
      covenant, Tenant shall immediately cease the performance of such unlawful act
      or
      such act that is increasing or has increased the existing rate of insurance
      and
      shall pay to Landlord any and all increases in insurance premiums resulting
      from
      such breach. Tenant shall operate its business in the Premises during the entire
      Lease Term and in a reputable manner in compliance with all applicable laws,
      ordinances, regulations, covenants, restrictions, and other matters shown on
      the
      public records, now in force or hereafter enacted. Tenant will not permit,
      create, or maintain by itself or by any of its employees, invitees, customers,
      patrons, guests, agents, representatives, or contractors any disorderly conduct,
      trespass, noise, or nuisance whatsoever about the Premises or Building which
      has
      a tendency to annoy or disturb any persons either within or outside the Building
      and shall not permit its employees, invitees, customers, patrons, guests,
      agents, representatives, or contractors to loiter within or around the Building
      or any of the common areas.

    

    5.2 Covenants.  Tenant
      shall not commit or allow to be committed any waste upon the Premises, or any
      public or private nuisance or other act or thing which disturbs the quiet
      enjoyment of any other tenant in the Building. Tenant shall not place or
      maintain machines, equipment, or other apparatus which causes vibrations or
      noise that may be transmitted to the Building structure or to any space to
      such
      a degree as to be objectionable to Landlord or to any tenant, occupant, or
      other
      person in the Building. Tenant shall not, without Landlord’s prior consent,
      install any equipment, machine, device, tank or vessel which is subject to
      any
      federal, state or local permitting requirement. Tenant, at its expense, shall
      comply with all laws, statutes, ordinances and governmental rules, regulations
      or requirements governing the installation, operation and removal of any such
      equipment, machine, device, tank or vessel. Neither Tenant nor any of Tenant’s
      employees, agents or invitees shall place or maintain within the Premises any
      stoves, ovens or space heaters, except with the prior written consent of
      Landlord in each instance. Tenant shall not make or permit any smoke or odor
      that is objectionable to the public or to other occupants of the Building,
      to
      emanate from the Premises, and shall not create, permit, or maintain a nuisance
      thereon, and shall not do any act tending to injure the reputation of the
      Building or the Property. Tenant shall cause all loading and unloading of any
      goods or materials delivered to or sent from the Premises to be done only in
      the
      loading dock area of the Premises or, if no loading dock area is located at
      the
      Premises, then at the loading dock area of the Building or such other dock
      area
      as Landlord may designate. Under no circumstances shall Tenant allow any goods
      or materials delivered to or sent from the Premises to be stored on, accumulate
      on or obstruct the loading dock area, dumpster pad, sidewalks, driveways,
      parking areas, entrances or other public areas or spaces of the Building or
      the
      Property. Tenant acknowledges that violations of this Section 5.2 shall
      constitute a material breach of this Lease. Tenant shall not perform or permit
      any work, including, but not limited to, assembly, construction, mechanical
      work, painting, drying, layout, cleaning, or repair of goods or materials,
      to be
      done on the loading dock, sidewalks, driveways, parking areas, landscaped areas
      of the Building or the Property. Tenant shall not abandon or vacate the Premises
      at any time during the Lease Term. Tenant, at its expense, shall comply with
      all
      laws, statutes, ordinances, governmental rules, regulations or requirements,
      and
      the provisions of any recorded documents now existing or hereafter in effect
      relating to its use, operation or occupancy of the Premises and shall observe
      such reasonable rules and regulations as may be adopted and made available
      to
      Tenant by Landlord from time to time for the safety, care and cleanliness of
      the
      Premises or the Building and for the preservation of good order therein. The
      current rules and regulations for the Building are attached hereto as
Exhibit
      “D”.
      Without
      limiting the foregoing, Tenant agrees to be wholly responsible at Tenant’s sole
      cost and expense for any accommodations or alterations which need to be made
      to
      the Premises to comply with the provisions of the Americans With Disabilities
      Act of 1990, as amended (the “ADA”). Tenant hereby accepts the Premises in its
“AS-IS, WHERE-IS” condition as it is currently in possession of the
      Premises.

    

    
      
        
        

      

      
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    5.3 Occupancy
      of Premises. Tenant
      shall throughout the Term of this Lease, at its own expense, maintain the
      Premises and all improvements thereon, and shall deliver up the Premises in
      a
      clean and sanitary condition at the expiration or termination of this Lease
      or
      the termination of Tenant’s right to occupy the Premises by Tenant, in good
      repair and condition, reasonable wear and tear excepted. In the event Tenant
      should neglect to maintain and/or return the Premises in such manner, Landlord
      shall have the right, but not the obligation, to cause repairs or corrections
      to
      be made, and any reasonable costs therefor shall be payable by Tenant to
      Landlord within ten (10) days of demand therefor by Landlord. Upon the
      expiration or termination of this Lease or the termination of Tenant’s right to
      occupy the Premises by Tenant, Landlord shall have the right to reenter and
      resume possession of the Premises. No act or thing done by Landlord or any
      of
      Landlord’s agents during the Lease Term shall be deemed an acceptance of a
      surrender of the Premises, and no agreement to accept a surrender of the
      Premises shall be valid unless the same be made in writing and executed by
      Landlord. Tenant shall notify Landlord at least fifteen (15) days prior to
      vacating the Premises and shall arrange to meet with Landlord for a joint
      inspection of the Premises. If Tenant fails to give such notice or to arrange
      for such inspection, then Landlord’s inspection of the Premises shall be deemed
      correct for the purpose of determining Tenant’s responsibility for repair and
      restoration of the Premises.

    

    6. UTILITIES
      AND SERVICE.

    

    6.1 Utilities. Except
      to
      the extent directly contracted for by Tenant, Landlord shall furnish or cause
      to
      be furnished to the Premises between 7:00 a.m. and 7:00 p.m. Monday through
      Friday and between 8:00 a.m. and 1:00 p.m. on Saturdays, exclusive of all
      holidays, subject to any rules and regulations of the Building, water and sewer
      services suitable for Tenant’s intended use of the Premises, electricity as set
      forth in Section 6.2 hereof, heat and air conditioning required in Landlord’s
      reasonable judgment for the comfortable use and occupancy of the Premises.
      As
      used in this Section 6.1, the term “holiday” shall mean New Year’s Day, Memorial
      Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day. Landlord
      shall provide lighting facilities for the common entries, hallways, stairways,
      and restroom facilities in the Building. Tenant will install and pay for its
      own
      telephone service.

    

    6.2 Electrical
      Services. Landlord,
      at Landlord’s sole cost and expense, shall cause to be furnished to the
      Premises, a total of six (6) watts per square foot of rentable area of
      electrical capacity, three (3) of such watts for low voltage electrical
      consumption (120/208 volts) for convenience outlets, and three (3) of such
      watts
      for lighting and high voltage electrical consumption (277/480 volts) (each
      such
      rated electrical design load to be hereinafter referred to as the “Building
      standard rated electrical design load”). Tenant shall be allocated Tenant’s pro
      rata share of the Building standard circuits provided on the floor(s) Tenant
      occupies.

    

    Should
      Tenant’s fully connected electrical design load exceed the Building standard
      rated electrical design load for either low or high voltage electrical
      consumption, or if Tenant’s electrical design requires low voltage or high
      voltage circuits in excess of Tenant’s share of the Building standard circuits,
      Tenant shall be responsible for complying with any of Landlord’s requirements in
      connection therewith, including, without limitation, installing (at Tenant’s
      expense) one (1) additional high voltage panel and/or one (1) additional low
      voltage panel with associated transformer (which additional panels and
      transformers shall be hereinafter referred to as the “additional electrical
      equipment”). If the additional electrical equipment is installed because
      Tenant’s low or high voltage rated electrical design load exceeds the applicable
      Building standard rated electrical design load, then a meter may also be added
      at Landlord’s option (at Tenant’s expense) to measure the electricity used
      through the additional electrical equipment.

    

    The
      design and installation of any additional electrical equipment (or related
      meter) required by Tenant shall be subject to the prior approval of Landlord
      (which approval shall not be unreasonably withheld). All expenses incurred
      by
      Landlord in connection with the review and approval of any additional electrical
      equipment shall also be reimbursed to Landlord by Tenant. Tenant shall also
      pay
      on demand the actual metered cost of electricity consumed through the additional
      electrical equipment (if applicable), plus any actual accounting expenses
      incurred by Landlord in connection with the metering thereof.

    

    
      
        
        

      

      
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    If
      any of
      Tenant’s electrical equipment requires conditioned air in excess of Building
      standard air conditioning, Tenant shall pay all design, installation, metering
      and operating costs relating thereto, all of which shall be subject to
      Landlord’s prior approval.

    

    If
      Tenant
      requires that certain areas within the Premises must operate in excess of the
      normal Building operating hours set forth above, at Landlord’s option the
      electrical service to such areas may be separately circuited and metered such
      that Tenant shall be billed the costs associated with electricity consumed
      during hours other than Building operating hours.

    

    6.3 Janitorial
      Services. Landlord
      shall furnish Tenant janitorial service five (5) days per week, exclusive of
      holidays (as defined in Section 6.1 herein), in a manner that Landlord
      reasonably deems to be consistent with the standard of the Building; provided,
      however, if Tenant’s floor coverings or other improvements require special care,
      Tenant shall pay the additional cleaning cost attributable thereto.

    

    6.4 Cessation
      of Services. Landlord
      shall not be held liable for any damage or injury suffered by Tenant or by
      any
      of Tenant’s licensees, agents, invitees, servants, employees, contractors, or
      subcontractors or any other person or entity engaged, invited, or allowed to
      come onto the Premises by Tenant (herein collectively called “Tenant Parties”),
      resulting directly, indirectly, proximately, or remotely from the installation,
      use, or interruption of any service to the Premises or Building, including,
      but
      not limited to, temporary failure to supply any heating, air conditioning,
      electrical, water, or sewer services, or other utilities, or any of them nor
      shall such failure be construed as an eviction of Tenant. No temporary failure
      to provide services shall relieve Tenant from fulfillment of any covenant of
      this Lease, including, without limitation, the covenant to pay any Rent in
      the
      manner and amounts, and promptly at the times set forth herein.

    

    7. REPAIR
      AND MAINTENANCE. 

    

    7.1  Landlord’s
      Repairs. Landlord
      shall keep the roof, foundation, exterior walls, structural and load bearing
      walls, common areas, heating, air conditioning, mechanical and electrical
      systems, and all sewer and utility lines of the Building including, but not
      limited to, all sewer connections, plumbing, heating appliances, wiring, and
      glass, in good order and repair, shall furnish Tenant all Building standard
      florescent bulb replacement in all areas and all incandescent bulb replacement
      in the common areas and service areas within the Building. Notwithstanding
      anything to the contrary contained herein and except as otherwise provided
      in
      the preceding sentence, Landlord shall have no obligation to maintain, replace,
      or repair any other improvements located within the Premises, the maintenance
      of
      which is and shall be the responsibility of Tenant. Notwithstanding the
      obligation of Landlord under this Section 7.1, Tenant shall be responsible
      for
      the cost of any and all damage arising from the negligence or willful misconduct
      of Tenant or any of the Tenant Parties. Landlord shall have no obligation to
      make any repairs unless and until Tenant notifies Landlord in writing of the
      necessity thereof, in which event Landlord shall have reasonable time in which
      to make such repairs; however, Tenant may notify Landlord verbally of any minor,
      routine or day-to-day repairs which need to be made.

    

    7.2 Tenant’s
      Repair. Subject
      to Landlord’s obligation to provide janitorial services, Tenant shall keep the
      Premises free from all litter, dirt, debris, and obstructions and in a clean
      and
      sanitary condition. Except as otherwise provided in the first sentence of
      Section 7.1 hereof, Tenant shall maintain, replace, and repair all improvements
      located within the Premises, including, but not limited to, finishes, wall
      coverings, carpets, floor coverings, utility lines, sewer connections, plumbing,
      wiring and glass in such a manner so that the Premises are maintained in good
      condition and suitable for Tenant’s intended commercial purpose. At the
      expiration or other termination of this Lease, Tenant shall surrender the
      Premises (and keys thereto) in as good condition as when received, loss by
      fire
      or other casualty not the result of any act or omission by Tenant, or ordinary
      wear and tear only excepted.

    

    8. FORCE
      MAJEURE. In
      the
      event that either party hereto shall be delayed or hindered in or prevented
      from
      the performance of any act required hereunder by reason of strikes, lockouts,
      labor troubles, inability to procure materials, failure of power, restrictive
      government laws or regulations, riots, insurrection, war, or other reason of
      a
      like nature other than finance, which is not the fault of the party delayed
      in
      performing work or doing acts required under the terms of this Lease, then
      performance of such act shall be excused for the period of the delay and the
      period for the performance of any such act shall be extended for a period
      equivalent to the period of the delay. The provisions of this Section 8 shall
      not cancel, postpone, or delay the due date of any payment to be made by Tenant
      hereunder, nor operate to excuse Tenant from prompt payment of any Rent required
      by the terms of this Lease.

    

    
      
        
        

      

      
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    9. PROPERTY
      AND LIABILITY INSURANCE. 

    

    9.1 Landlord’s
      Insurance. Throughout
      the Lease Term, Landlord will insure the Building, excluding foundations and
      excavations, the Building standard leasehold improvements, and the machinery,
      boilers, and equipment contained therein owned by Landlord, excluding any
      property Tenant is obliged to insure under Section 9.3 below, against damage
      by
      fire and the perils insured in the standard extended coverage endorsement,
      subject to Section 3. Landlord shall also, throughout the Lease Term, carry
      commercial general liability insurance with respect to the ownership and
      operation of the Building. The insurance required to be obtained by Landlord
      may
      be obtained by Landlord through blanket or master policies insuring other
      entities or properties owned or controlled by Landlord. 

    

    9.2 Compliance
      with Insurance Regulations; Covenants. Tenant
      shall comply with all insurance regulations so the lowest fire, extended
      coverage, and liability insurance rates available for use of the Building as
      normal office space may be obtained by Landlord and will not use or keep any
      substance or material in or about the Premises which may vitiate or endanger
      the
      validity of insurance on the Building, increase the hazard or the risk beyond
      that for a normal office building, or result in an increase in premium on the
      insurance on the Building. If any insurance policy upon the Premises or the
      Building or any part thereof shall be canceled or shall be threatened by the
      insurer to be canceled, the coverage thereunder reduced or threatened to be
      reduced, or the premium therefor increased or threatened to be increased in
      any
      way by the insurer by reason of the use and occupation of the Premises by Tenant
      or by any assignee or subtenant of Tenant and if Tenant fails to remedy the
      condition giving rise to the cancellation, reduction, or premium increase or
      threat thereof within twenty-four (24) hours after notice thereof by Landlord,
      Landlord may, at its option, do any one of the following:

    

    9.2.1 Declare
      a
      default by Tenant, and thereupon the provisions of Section 12 shall apply;
      or

    

    9.2.2 Enter
      upon the Premises and remedy the condition giving rise to the cancellation,
      reduction, or premium increase or threat thereof, and in such event, Tenant
      shall forthwith pay the cost thereof to Landlord as additional rent; and if
      Tenant fails to pay such cost, Landlord may declare a default by Tenant and
      thereupon the provisions of Section 12 shall apply, and Landlord shall not
      be
      liable for any damage or injury caused to any property of Tenant or of others
      located on the Premises as a result of the entry; or

    

    9.2.3 If
      the
      sole action taken by the insurer is to raise the premium or other monetary
      cost
      of the insurance, demand payment from Tenant of the premium or other cost as
      additional rent hereunder, and if Tenant fails to pay the increase to Landlord
      within ten (10) days of demand by Landlord, Landlord may declare a default
      by
      Tenant and thereupon the provisions of Section 12 shall apply. Tenant
      acknowledges that it has no right to receive any proceeds from any insurance
      policies carried by Landlord and that such insurance will be for the sole
      benefit of Landlord with no coverage for Tenant for any risk insured
      against.

    

    9.3 Tenant’s
      Insurance. Tenant
      shall, during its occupancy of the Premises and during the entire Lease Term,
      at
      its sole cost and expense, obtain, maintain, and keep in full force and effect,
      and with Tenant, Landlord, and Landlord’s mortgagees named as additional
      insureds therein as their respective interests may appear, the following types
      and kinds of insurance:

    

    9.3.1 Upon
      property of every description and kind owned by Tenant and located in the
      Building or for which Tenant is legally liable or which was installed by or
      on
      behalf of Tenant, including, without limitation, furniture, fittings,
      installations, alterations, additions, partitions, and fixtures, against all
      risk of loss in an amount not less than one hundred percent (100%) of the full
      replacement cost thereof;

    

    9.3.2 Commercial
      general liability insurance in an amount not less than $1,000,000.00 for any
      one
      occurrence or such higher limits as Landlord may reasonably require from time
      to
      time; the insurance shall include coverage against liability for bodily injuries
      or property damage arising out of the use by or on behalf of Tenant of owned,
      non-owned, or hired automobiles and other vehicles for a limit not less than
      that specified above; and shall also include coverage for “Fire Legal” liability
      with respect to the Premises in an amount not less than $100,000.00 or such
      higher limits as Landlord may reasonably require from time to time;

    

    
      
        
        

      

      
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    9.3.3 Workers’
      compensation insurance in the amount required by law to protect Tenant’s
      employees; 

    

    9.3.4 Business
      income or interruption insurance for one hundred percent (100%) of Tenant’s
      gross revenues from the Premises for a period of twelve (12) months;
      and

    

    9.3.5 Any
      other
      form or forms of insurance that Landlord may reasonably require from time to
      time, in form, in amounts, and for insurance risks against which a prudent
      tenant would protect itself. 

    

    9.4 Policy
      Requirements. All
      insurance policies shall be taken out with companies acceptable to Landlord
      licensed and registered to operate in the State of Georgia and in form
      reasonably satisfactory to Landlord. The insurance may be by blanket insurance
      policy or policies. Prior to the Commencement Date, Tenant shall deliver
      certificates evidencing the insurance policies and any endorsement, rider,
      or
      renewal thereof, to Landlord. Certificates evidencing renewals shall be
      delivered to Landlord no later than fifteen (15) days after each renewal, as
      often as renewal occurs, and in no event less than fifteen (15) days prior
      to
      the date on which the policy would otherwise expire. All insurance policies
      shall require the insurer to notify Landlord and Landlord’s mortgagees in
      writing thirty (30) days prior to any material change, cancellation, or
      termination thereof. In the event that Tenant fails to take out or maintain
      any
      policy required by this Section 9 to be maintained by Tenant, such failure
      shall
      be a defense to any claim asserted by Tenant against Landlord by reason of
      any
      loss sustained by Tenant that would have been covered by such policy,
      notwithstanding that such loss may have been proximately caused solely or
      partially by the negligence or willful misconduct of Landlord or any of
      Landlord’s Related Parties. If Tenant does not procure insurance as required,
      Landlord may, upon advance written notice to Tenant, cause this insurance to
      be
      issued and Tenant shall pay to Landlord the premium for such insurance within
      ten (10) days of Landlord’s demand, plus interest at the past due rate provided
      for in Section 2.2 of this Lease until repaid by Tenant. All policies of
      insurance required to be maintained by Tenant shall specifically make reference
      to the indemnifications by Tenant in favor of Landlord under this Lease.

    

    9.5 Waiver
      of Subrogation. Each
      party hereto waives all rights of recovery, claims, actions or causes of actions
      arising in any manner in its (the “Injured Party’s”) favor and against the other
      party for loss or damage to the Injured Party’s property located within or
      constituting a part or all of the Property, to the extent the loss or damage:
      (a) is covered by the Injured Party’s insurance; or (b) would have been covered
      by the insurance the Injured Party is required to carry under this Lease,
      whichever is greater, regardless of the cause or origin, including the sole,
      contributory, partial, joint, comparative or concurrent negligence of the other
      party. This waiver also applies to each party’s directors, officers, employees,
      shareholders, partners, representatives and agents. All insurance carried by
      either Landlord or Tenant covering the losses and damages described in this
      Section 9.5 shall provide for such waiver of rights of subrogation by the
      Injured Party’s insurance carrier to the maximum extent that the same is
      permitted under the laws and regulations governing the writing of insurance
      within the state in which the Building is located. Both parties hereto are
      obligated to obtain such a waiver and provide evidence to the other party of
      such waiver. The waiver set forth in this Section 9.5 shall be in addition
      to,
      and not in substitution for, any other waivers, indemnities or exclusions of
      liability set forth in this Lease. 

    

    10. ALTERATIONS
      AND IMPROVEMENTS.

    

    10.1 Acceptance
      of Premises. Tenant
      is
      in possession of the Premises and accepts the Premises and the Property in
      their
“AS-IS”, “WHERE-IS” and “WITH ALL FAULTS” condition as of the Commencement Date
      without recourse to Landlord. Except as expressly provided in this Lease,
      Landlord shall have no obligation to furnish, equip or improve the Premises
      or
      the Property. Commencement of this Lease shall be conclusive evidence against
      Tenant that (i) Tenant accepts the Premises and the Property as being suitable
      for its intended purpose and in a good and satisfactory condition, (ii)
      acknowledges that the Premises and the Property comply fully with Landlord’s
      covenants and obligations under this Lease and (iii) waives any defects in
      the
      Premises and its appurtenances and in all other parts of the
      Property.

    

    
      
        
        

      

      
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    10.2 Improvements
      and Alterations. Tenant
      shall not make any alterations, additions, or improvements in or to the
      Premises, nor install or attach fixtures in or to the Premises, without the
      prior written consent of Landlord, including Landlord’s written approval of
      Tenant’s contractor(s) and of the plans, working drawings and specifications
      relating thereto, including, without limitation, the structural, mechanical,
      electrical, and plumbing drawings or plans. All alterations, additions, or
      improvements made, installed in, or attached to the Premises by Tenant, upon
      the
      consent specified above, shall be made at Tenant’s expense at Tenant’s sole risk
      and in a good and workmanlike manner with labor and materials of such quality
      as
      Landlord may reasonably require, strictly in accordance with the plans and
      specifications approved by Landlord, all applicable codes, laws, ordinances,
      regulations, and other requirements of any appropriate governmental authority,
      and the Declaration or other covenants or restrictions, and prosecuted
      diligently and continuously to completion so as to minimize interference with
      the normal business operations of other tenants in the Building, the performance
      of Landlord’s obligations under this Lease or any mortgage or ground lease
      covering or affecting all or any part of the Building or the Land and any work
      being done by contractors engaged by Landlord with respect to or in connection
      with the Building. Tenant’s architect and engineers must be licensed in the
      State of Georgia and must be insured. Tenant shall have no (and hereby waives
      all) rights to payment or compensation for any such item. Prior to the
      commencement of any such work, Tenant shall deliver to Landlord certificates
      issued by insurance companies licensed and registered to operate in the State
      of
      Georgia evidencing that workers’ compensation insurance and commercial general
      liability insurance, all in amounts satisfactory to Landlord, are in force
      and
      effect and maintained by all contractors and subcontractors engaged by Tenant
      to
      perform the work. Approval by Landlord of any of Tenant’s drawings and plans and
      specifications prepared in connection with any alterations, improvements,
      modifications or additions to the Premises or the Property shall not constitute
      a representation or warranty of Landlord as to the adequacy or sufficiency
      of
      such drawings, plans and specifications, or alterations, improvements,
      modifications or additions to which they relate, for any use, purpose or
      conditions, but such approval shall merely be the consent of Landlord as
      required hereunder. Tenant shall deliver to Landlord a complete copy of the
      “as-built” or final plans and specifications for all alterations or physical
      additions so made in or to the Premises within thirty (30) days of completing
      the work. Tenant shall not place safes, vaults, filing cabinets or systems,
      libraries or other heavy furniture or equipment within the Premises without
      Landlord’s prior written consent. 

    

    10.3 Liens. Tenant
      shall keep the Premises free from all liens, preliminary notices of liens,
      right
      to liens, or claims of liens of contractors, subcontractors, mechanics, or
      materialmen for work done or materials furnished to the Property at the request
      of Tenant. Whenever and so often as any such lien shall attach or claims or
      notices thereof shall be filed against the Property or any part thereof as
      a
      result of work done or materials furnished to the Property at the request of
      Tenant, Tenant shall, within ten (10) days after Tenant has notice of the claim
      or notice of lien, cause it to be discharged of record, which discharge may
      be
      accomplished by payment or by bonding proceedings. If Tenant shall fail to
      cause
      the lien, or such claim or notice thereof, to be discharged within the ten-day
      period, then, in addition to any other right or remedy, Landlord may, but shall
      not be obligated to, discharge it either by paying the amount claimed to be
      due
      or by procuring the discharge of the lien, or claim or notice thereof, by
      deposit or bonding proceedings. Any amount so paid by Landlord and all costs
      and
      expenses, including, without limitation, attorneys’ fees, incurred by Landlord
      in connection therewith shall constitute additional rent payable by Tenant
      under
      this Lease and shall be paid by Tenant in full on demand of Landlord together
      with interest thereon at the rate set forth in Section 2.2 hereof from the
      date
      it was paid by Landlord. Tenant shall not have the authority to subject the
      interest or estate of Landlord to any liens, rights to liens, or claims of
      liens
      for services, materials, supplies, or equipment furnished to Tenant or on behalf
      of Tenant. 

    

    10.4 Title
      to Alterations. All
      alterations, additions, or improvements, including, but not limited to,
      fixtures, partitions, counters, and window and floor coverings, which may be
      made or installed by either of the parties hereto upon the Premises,
      irrespective of the manner of annexation, and irrespective of which party may
      have paid the cost thereof, excepting only movable office furniture and shop
      equipment put in at the expense of Tenant, shall be the property of Landlord,
      and shall remain upon and be surrendered with the Premises as a part thereof
      at
      the expiration or other termination of this Lease, without disturbance,
      molestation, or injury and without compensation, payment, or reimbursement
      therefor. Notwithstanding the foregoing, however, Landlord may elect by
      providing written notice to Tenant at the time Landlord approves same (or if
      Landlord’s approval is not required, at the time Tenant notifies Landlord of
      such installations), that any or all installations made or installed by or
      on
      behalf of Tenant after the Commencement Date be removed at the end of the Lease
      Term, and, if Landlord so elects, it shall be Tenant’s obligation to restore the
      Premises to the condition they were prior to the alterations, additions, or
      improvements, reasonable wear and tear excepted, on or before the expiration
      or
      other termination of this Lease. Such removal and restoration shall be at the
      sole expense of Tenant. Further, notwithstanding anything contained herein
      to
      the contrary except as otherwise provided in Section 9.1 hereof, Landlord shall
      be under no obligation to insure the alterations, additions, or improvements
      or
      anything in the nature of a leasehold improvement made or installed by or on
      behalf of Tenant, the Tenant Parties, or any other person, and such improvements
      shall be located at, on, or within the Premises at the sole risk of
      Tenant.

    

    
      
        
        

      

      
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    10.5 Tenant’s
      Negligence. In
      the
      event Landlord makes any capital investment, major structural repairs or
      improvements in or to the Premises or Building which are required due to the
      negligence or any act or omission of Tenant or any of the Tenant Parties, any
      and all cost and expenses incurred by Landlord in making the capital investment,
      major structural repairs, or improvements shall constitute additional rent
      payable by Tenant under this Lease and shall be paid by Tenant in full on demand
      of Landlord, together with interest thereon from the date of the demand at
      the
      rate set forth in Section 2.2 hereof.

    

    10.6 Compliance
      with Laws. In
      the
      event Landlord, during the Lease Term, shall be required by any governmental
      authority or the order or decree of any court, to repair, alter, remove,
      reconstruct, or improve (herein collectively called “Repairs”) any part of the
      Premises, then the Repairs shall be made by and at the expense of Landlord
      subject to the same being included as a Common Operating Expense under Section
      3.3.8 herein, unless resulting from alterations made by or other reasons
      attributable to, Tenant, and shall not in any way affect the obligations or
      covenants of Tenant herein contained, and Tenant hereby waives all claims for
      damages or abatement of rent because of the Repairs. If the Repairs shall render
      the Premises untenantable and if the Repairs are not substantially completed
      within one hundred eighty (180) days after the date of the notice, requirement,
      order, or decree, either party hereto upon written notice to the other party
      given not later than one hundred ninety (190) days after the date of the notice,
      requirement, order, or decree, may terminate this Lease, in which case rent
      shall be apportioned and paid to the date the Premises were rendered
      untenantable; provided however that where the requirement by a governmental
      authority having jurisdiction to repair, alter, remove, reconstruct, or improve
      any part of the Premises arises out of any act or omission by Tenant, or as
      the
      result of Tenant’s use of the Premises by Tenant, then the Repairs shall be
      effected promptly at the sole cost and expense of Tenant and there shall not,
      in
      any event, be any abatement of rent nor any right of Tenant to terminate this
      Lease whether or not the completion of the Repairs takes more than one hundred
      eighty (180) days.

    

    11. ASSIGNMENT
      OR SUBLETTING.

    

    11.1 Transfers. Tenant
      shall not, by operation of law or otherwise, (a) assign, transfer, mortgage,
      pledge, hypothecate or otherwise encumber this Lease, the Premises or any part
      of or interest in this Lease or the Premises, (b) grant any concession or
      license within the Premises, (c) sublet all or any part of the Premises or
      any
      right or privilege appurtenant to the Premises, or (d) permit any other party
      to
      occupy or use all or any part of the Premises (collectively, a “Transfer”),
      without the prior written consent of Landlord, which shall not be unreasonably
      withheld, conditioned or delayed. This prohibition against a Transfer includes,
      without limitation, (i) any subletting or assignment which would otherwise
      occur
      by operation of law, merger, consolidation, reorganization, transfer or other
      change of Tenant’s corporate or proprietary structure; (ii) an assignment or
      subletting to or by a receiver or trustee in any federal or state bankruptcy,
      insolvency, or other proceedings; (iii) the sale, assignment or transfer of
      all
      or substantially all of the assets of Tenant, with or without specific
      assignment of Lease; (iv) the change in control in a partnership; or (v)
      conversion of Tenant to a limited liability entity. Landlord shall have the
      right to make such investigations as it deems reasonable and necessary in
      determining the acceptability of the proposed assignee or subtenant. Such
      investigations may include inquiries into the financial background, business
      history, capability of the proposed assignee or subtenant in its line of
      business, and the quality of its operations. Under no circumstances shall
      Landlord be obligated to consent to the assignment of this Lease or the
      subletting of the Premises to any entity whose operations violate the
      Declaration. Tenant shall provide to Landlord such information as Landlord
      may
      reasonably require to enable it to determine the acceptability of the proposed
      assignee or subtenant, including information concerning all of the foregoing
      matters, and Landlord shall have no obligation to consent to any assignment
      or
      subletting unless it has received from Tenant, at no cost or expense to
      Landlord, the most recent audited financial statements of the proposed assignee
      or subtenant, a copy of the proposed sublease or assignment agreement, to be
      followed by a copy of the fully executed document, and such other information
      as
      Landlord reasonably requires. For purposes of this Section 11, an assignment,
      transfer or sale of stock or other ownership interests in Tenant shall be deemed
      an assignment within the meaning of and shall be governed by this Section.
      No
      assignment or subletting, be it with or without the consent of Landlord, shall
      release Tenant from its obligations under this Lease nor shall Tenant permit
      this Lease or any interest herein or in the tenancy hereby created to become
      vested in or owned by any other person, firm, or corporation by operation of
      law
      or otherwise. The power of Landlord to give or withhold its consent to any
      assignment or subletting shall not be exhausted by the exercise thereof on
      one
      or more occasions, but shall be a continuing right and power with respect to
      any
      type of transfer, assignment or subletting. Within ten (10) business days of
      Landlord’s receipt of all requested information, Landlord shall notify Tenant in
      writing that either (i) such assignment or sublease is approved, (ii) such
      assignment or sublease is not approved, or (iii) that Landlord has elected
      to
      terminate the Lease with respect to that portion of the Premises to be assigned
      or subleased and the effective date of such termination, whereupon Tenant shall
      vacate and surrender that portion of the Premises so terminated.

    

    
      
        
        

      

      
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    11.2 Permitted
      Transfers. Notwithstanding
      any provision to the contrary, Tenant may assign this Lease or sublet the
      Premises without Landlord’s consent and without causing a Transfer to occur, (a)
      to any corporation or other entity that controls, is controlled by or is under
      common control with Tenant; (b) to any corporation or other entity resulting
      from a merger, acquisition, consolidation or reorganization of or with Tenant;
      (c) in connection with the sale of all or substantially all of the assets of
      Tenant, so long as Tenant provides evidence to Landlord in writing that such
      assignment or sublease complies with the criteria set forth in (a), (b) or
      (c)
      above and provided the following conditions are met: (i) the net worth of the
      transferee is equal to or greater than the greater of Tenant’s net worth on the
      date of this Lease and Tenant’s net worth immediately prior to the effective
      date of the transfer, (ii) if Tenant remains in existence as a separate legal
      entity following the transfer, it shall not be released from liability under
      this Lease, (iii) the transferee shall assume in a writing delivered to Landlord
      all of Tenant’s obligations under the Lease effective upon the consummation of
      the transfer, and (iv) Tenant shall give written notice to Landlord of the
      proposed transfer at least fifteen (15) days in advance of the consummation
      thereof.

    

    11.3 No
      Release of Tenant. If
      Tenant
      shall assign this Lease or sublet the Premises in any way not authorized by
      the
      terms hereof, the acceptance by Landlord of any Rent from any person claiming
      as
      assignee, subtenant, or otherwise shall not be construed as a recognition of
      or
      consent to the assignment or subletting or as a waiver of the right of Landlord
      thereafter to collect any rent from Tenant, it being agreed that Landlord may
      at
      any time accept any Rent under this Lease from any person offering to pay it
      without thereby acknowledging the person so paying as a Tenant in place of
      Tenant herein named, and without releasing Tenant from the obligations of this
      Lease, and without recognizing the claims under which such person offers to
      pay
      any Rent, but it shall be taken to be a payment on account by Tenant. While
      the
      Premises or any part thereof are subject to a Transfer, Landlord may collect
      directly from such transferee all rents or other sums relating to the Premises
      becoming due to Tenant or Landlord and apply such rents and other sums against
      the Rent and any other sums payable hereunder. If the aggregate rental, bonus
      or
      other consideration paid by a transferee for any such space exceeds the sum
      of
      (a) Tenant’s Rent to be paid to Landlord for such space during such period and
      (b) Tenant’s costs and expenses actually incurred in connection with such
      Transfer, including reasonable brokerage fees, reasonable costs of finishing
      or
      renovating the space affected and reasonable cash rental concessions, which
      costs and expenses are to be amortized over the term of the Transfer, then
      such
      excess shall be paid to Landlord within fifteen (15) days after such amount
      is
      earned by Tenant. Such overage amounts in the case of a sublease shall be
      calculated and adjusted (if necessary) on a Lease Year (or partial Lease Year)
      basis, and there shall be no cumulative adjustment for the Term. Landlord shall
      have the right to audit Tenant’s books and records relating to the Transfer.
      Tenant authorizes its transferees to make payments of rent and any other sums
      due and payable, directly to Landlord upon receipt of notice from Landlord
      to do
      so. Any attempted Transfer by Tenant in violation of the terms and covenants
      of
      this Section 11 shall be void and shall constitute a default by Tenant under
      this Lease. In the event that Tenant requests that Landlord consider a sublease
      or assignment hereunder, Tenant shall pay (i) Landlord’s reasonable fees, not to
      exceed Five Hundred and 00/100 Dollars ($500.00) per transaction, incurred
      in
      connection with the consideration of such request, and (ii) all attorneys’ fees
      and costs incurred by Landlord in connection with the consideration of such
      request or such sublease or assignment.

    

    11.4 Assignment
      of Options. In
      the
      event of an assignment of this Lease, any option or similar right of Tenant
      hereunder, including without limitation, any option to extend or renew, option
      to expand, first offer or first refusal right, or first right to lease, may
      be
      assigned to such successor tenant; however, in the event of a sublease of more
      than fifty percent (50%) in the aggregate of the Premises, all options granted
      to Tenant hereunder shall henceforth become null and void and Tenant shall
      have
      no further rights thereto or therein; provided, however, if such sublease
      expires or terminates prior to the end of the Lease Term and Tenant re-occupies
      the entire Premises after the subtenant vacates the portion of the Premises
      subleased and continues to operate within the Premises, then all such options
      shall thereafter be exercisable by Tenant in accordance with their
      terms.

    

    
      
        
        

      

      
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    11.5 Assignment
      by Landlord. Landlord
      shall have the right at any time to sell, transfer or assign, in whole or in
      part, by operation of law or otherwise, its rights, benefits, privileges,
      duties, obligations or interests in this Lease or in the Premises, the Building,
      the Land, the Property and all other property referred to herein, without the
      prior consent of Tenant, and such sale, transfer or assignment shall be binding
      on Tenant. After such sale, transfer or assignment, Tenant shall attorn to
      such
      purchaser, transferee or assignee, and Landlord shall be released from all
      liability and obligations under this Lease accruing after the effective date
      of
      such sale, transfer or assignment.

    

    12. DEFAULTS.

    

    12.1 Default
      by Tenant. The
      occurrence of any one or more of the following events shall constitute a default
      by Tenant under this Lease:

    

    (a) Tenant
      shall fail to pay to Landlord any Rent or any other monetary charge due from
      Tenant hereunder as and when due and payable;

    

    (b) Tenant
      breaches or fails to comply with any term, provisions, conditions or covenant
      of
      this Lease, other than as described in Section 12.1(a), or with any of the
      Building rules and regulations now or hereafter established to govern the
      operation of the Property;

    

    (c) A
      Transfer shall occur, without the prior written approval of
      Landlord;

    

    (d) The
      interest of Tenant under this Lease shall be levied on under execution or other
      legal process;

    

    (e) Any
      petition in bankruptcy or other insolvency proceedings shall be filed by or
      against Tenant, or any petition shall be filed or other action taken to declare
      Tenant a bankrupt or to delay, reduce or modify Tenant’s debts or obligations or
      to reorganize or modify Tenant’s capital structure or indebtedness or to appoint
      a trustee, receiver or liquidator of Tenant or of any property of Tenant, or
      any
      proceeding or other action shall be commenced or taken by any governmental
      authority for the dissolution or liquidation of Tenant and, within thirty (30)
      days thereafter, Tenant fails to secure a discharge thereof;

    

    (f) Tenant
      shall become insolvent, or Tenant shall make an assignment for the benefit
      of
      creditors, or Tenant shall make a transfer in fraud of creditors, or a receiver
      or trustee shall be appointed for Tenant or any of its properties;

    

    (g) Tenant
      shall desert, abandon or vacate the Premises or any substantial portion thereof
      and ceases paying Rent hereunder or fails to operate its business in the
      Premises for any reason other than destruction or condemnation of the Premises;
      or

    

    (h) Tenant
      shall do or permit to be done anything which creates a lien upon the Premises
      or
      the Property.

    

    12.2 Landlord’s
      Remedies. Upon
      occurrence of any default by Tenant under this Lease and (i) if the event of
      default described in Section 12.1(a) is not cured within five (5) days of when
      such Rent or other charge is due; or (ii) the events described in Sections
      12.1
      (b), (d), (f) and (g) are not cured within thirty (30) days after written notice
      from Landlord of such default (there being no notice and cure period for events
      of defaults described in Sections 12.1 (c), (e) and (h) except as otherwise
      set
      forth herein), the Landlord shall have the option to do and perform any one
      or
      more of the following in addition to, and not in limitation of, any other remedy
      or right permitted it by law or in equity by this Lease:

    

    12.2.1 Continue
      this Lease in full force and effect, and this Lease shall continue in full
      force
      and effect as long as Landlord does not terminate this Lease, and Landlord
      shall
      have the right to collect Rent, additional rent and other charges when
      due.

    

    12.2.2 Terminate
      this Lease, in which event Tenant shall surrender the Premises to Landlord
      immediately upon expiration of ten (10) days from the date of the service upon
      Tenant of written notice to that effect, without any further notice or demand.
      In the event Landlord shall become entitled to the possession of the Premises
      by
      any termination of this Lease herein provided, and Tenant shall refuse to
      surrender or deliver up possession of the Premises after the service of such
      notice, then Landlord may, without further notice or demand, enter into and
      upon
      the Premises, or any part thereof, and take possession of and repossess the
      Premises as Landlord’s former estate, and expel, remove, and put out of
      possession Tenant and its effects, using such help, assistance and force in
      so
      doing as may be needful and proper, without being liable for prosecution or
      damages therefor or guilty of trespass, and without prejudice to any remedy
      allowed by law available in such cases. Tenant shall indemnify Landlord for
      all
      loss, cost, expense, and damage which Landlord may suffer by reason of the
      termination, whether through inability to relet the Premises, or through
      decrease in rent or otherwise. In the event of such termination, Landlord may,
      at its option, recover forthwith as liquidated damages, and not as a forfeiture
      or penalty, a sum of money equal to the total of (a) the cost of recovering
      the
      Premises, including, without limitation, attorneys’ fees and cost of suit, (b)
      the unpaid Rent and other sums accrued hereunder at the date of termination,
      plus late charges and interest thereon at the rate specified in Section 2.2
      hereof, (c) the present value (discounted at the rate of 8% per annum) of the
      balance of the Rent for the remainder of the Lease Term, including any amounts
      treated as additional rent hereunder, less the present value (discounted at
      the
      same rate) of the fair market rental value of the Premises for said period,
      taking into account the cost, time, expenses and other factors necessary to
      obtain a replacement tenant or tenants, including expenses relating to the
      recovery of the Premises, preparation for reletting and reletting itself, (d)
      the cost of reletting the Premises including, without limitation, the cost
      of
      restoring the Premises to the condition necessary to rent the Premises at the
      prevailing market rental rate, normal wear and tear excepted, (e) any increase
      in insurance premiums caused by the vacancy of the Premises, (f) the amount
      of
      any unamortized improvements to the Premises paid for by Landlord, (g) the
      amount of any unamortized brokerage commission or other costs paid by Landlord
      in connection with the leasing of the Premises, and (h) any other sum of money
      and damages owed by Tenant to Landlord. 

    

    
      
        
        

      

      
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    12.2.3 Terminate
      Tenant’s right of occupancy or possession, retake possession of the Premises by
      entry, forcible entry or detainer suit or otherwise, without demand or notice
      of
      any kind to Tenant and without terminating this Lease, without acceptance of
      surrender of possession of the Premises, and without becoming liable for damages
      or guilty of trespass, in which event Landlord may, but shall be under no
      obligation to rent the Premises, or any part thereof, for such term or terms
      and
      for such rent and upon such conditions as Landlord may, in its sole discretion,
      deem advisable, making such changes, improvements, alterations, and repairs
      to
      the Premises as may be required. All rent received by Landlord from any
      reletting shall be applied first to the payment of any indebtedness other than
      rent due hereunder from Tenant; second, to the payment of any costs and expenses
      of the reletting, including but not limited to brokerage fees, attorneys’ fees
      and costs of such changes, improvements, alterations, and repairs; third, to
      the
      payment of rent due and unpaid hereunder; and the residue, if any, shall be
      held
      by Landlord and applied in payment of future rent or damage as they may become
      due and payable hereunder. If the rent received from the reletting during the
      Lease Term is at any time insufficient to cover the costs, expenses, and
      payments enumerated above, Tenant shall pay any deficiency to Landlord, as
      often
      as it shall arise, on demand. Tenant shall be liable for and shall pay to
      Landlord all Rent payable by Tenant under this Lease (plus interest at the
      past
      due rate provided in Section 2.2 of this Lease if in arrears) plus an amount
      equal to (a) the cost of recovering possession of the Premises, (b) the cost
      of
      removing and storing any of Tenant’s or any other occupant’s property left on
      the Premises or the Building after reentry, (c) the cost of decorations,
      repairs, changes, alterations and additions to the Premises and the Building,
      (d) the cost of any attempted reletting or reletting and the collection of
      the
      rent accruing from such reletting, (e) the cost of any brokerage fees or
      commissions payable by Landlord in connection with any reletting or attempted
      reletting, (f) any other costs incurred by Landlord in connection with any
      such
      reletting or attempted reletting, (g) the cost of any increase in insurance
      premiums caused by the termination of possession of the Premises, (h) the amount
      of any unamortized improvements to the Premises paid for by Landlord, (i) the
      amount of any unamortized brokerage commissions or other costs paid by Landlord
      in connection with the leasing of the Premises and (j) any other sum of money
      or
      damages owed by Tenant to Landlord at law, in equity or hereunder, all reduced
      by any sums received by Landlord through any reletting of the Premises;
      provided, however, that in no event shall Tenant be entitled to any excess
      of
      any sums obtained by reletting over and above Rent provided in this Lease to
      be
      paid by Tenant to Landlord. Landlord may file suit to recover any sums falling
      due under the terms of this Section 12.2.3 from time to time, and no delivery
      to
      or recovery by Landlord of any portion due Landlord hereunder shall be any
      defense in any action to recover any amount not theretofore reduced to judgment
      in favor of Landlord. No reletting shall be construed as an election on the
      part
      of Landlord to terminate this Lease unless a written notice of such intention
      is
      given to Tenant by Landlord. Notwithstanding any such reletting without
      termination, Landlord may at any time thereafter elect to terminate this Lease
      for such previous default and/or exercise its rights under Section 12.2.2 of
      this Lease.

    

    
      
        
        

      

      
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    12.2.4 Enter
      upon the Premises and do whatever Tenant is obligated to do under the terms
      of
      this Lease; and Tenant agrees to reimburse Landlord on demand for any expenses
      which Landlord may incur in effecting compliance with Tenant’s obligations under
      this Lease plus fifteen percent (15 %) of such cost to cover overhead plus
      interest at the past due rate provided in this Lease, and Tenant further agrees
      that Landlord shall not be liable for any damages resulting to Tenant from
      such
      action. No action taken by Landlord under this Section 12.2.4 shall relieve
      Tenant from any of its obligations under this Lease or from any consequences
      or
      liabilities arising from the failure to perform such obligations.

    

    12.2.5 Intentionally
      Omitted.

    

    12.2.6 Change
      all door locks and other security devices of Tenant at the Premises and/or
      the
      Property to the extent permitted by applicable law, and Landlord shall not
      be
      required to provide the new key to the Tenant except during Tenant’s regular
      business hours, and only upon the condition that Tenant has cured any and all
      defaults hereunder and in the case where Tenant owes Rent to the Landlord,
      reimbursed Landlord for all Rent and other sums due Landlord hereunder.
      Landlord, on terms and conditions satisfactory to Landlord in its sole
      discretion, may upon request from Tenant’s employees, enter the Premises for the
      purpose of retrieving therefrom personal property of such employees, provided,
      Landlord shall have no obligation to do so.

    

    12.2.7 Recover
      any and all costs incurred by Landlord resulting directly, indirectly,
      proximately, or remotely from the default, including but not limited to
      reasonable attorneys’ fees.

    

    12.2.8 Exercise
      any and all other remedies available to Landlord in this Lease, at law or in
      equity.

    

    12.3 Abandonment
      of Personal Property. In
      addition to any other rights which Landlord may have, Landlord, in person or
      by
      agent, may enter upon the Premises and take possession of all or any part of
      Tenant’s property in the Premises, and may sell all or any part of such property
      at a public or private sale, in one or successive sales, with or without notice,
      to the highest bidder for cash, and, on behalf of Tenant, sell and convey all
      or
      part of the property to the highest bidder, delivering to the highest bidder
      all
      of Tenant’s title and interest in the property sold to him. The proceeds of the
      sale of the property shall be applied by Landlord toward the reasonable costs
      and expenses of the sale, including, without limitation, attorneys’ fees, and
      then toward the payment of all sums then due by Tenant to Landlord under the
      terms of this Lease. Any excess remaining shall be paid to Tenant or any other
      person entitled thereto by law. 

    

    12.4 Reentry. If
      Tenant
      fails to allow Landlord to reenter and repossess the Premises, Landlord shall
      have full and free license to enter into and upon the Premises with or without
      process of law for the purpose of repossessing the Premises, expelling or
      removing Tenant and any others who may be occupying or otherwise within the
      Premises, removing any and all property therefrom and changing all door locks
      of
      the Premises. Landlord may take these actions without being deemed in any manner
      guilty of trespass, eviction or forcible entry or detainer, without accepting
      surrender of possession of the Premises by Tenant, and without incurring any
      liability for any damage resulting therefrom, including without limitation
      any
      liability arising under applicable state law and without relinquishing
      Landlord’s right to Rent or any other right given to Landlord hereunder or by
      operation of law or in equity, Tenant hereby waiving any right to claim damage
      for such reentry and expulsion, including without limitation any rights granted
      to Tenant by applicable state law. The provisions of this Section 12 shall
      operate as a notice to quit, and any other notice to quit or notice of
      Landlord’s intention to re-enter the Premises is hereby expressly waived. Tenant
      further waives any right under any present or future law to redeem the Premises
      after entry of a judgment in favor of Landlord.

    

    12.5 Remedies
      Non-Exclusive  Pursuit
      of any of the remedies herein provided shall not preclude the pursuit of any
      other remedies herein provided or any other remedies provided at law or in
      equity. Failure by Landlord to enforce one or more of the remedies herein
      provided shall not be deemed or construed to constitute a waiver of any default,
      or any violation or breach of any of the terms, provisions, or covenants herein
      contained.

    

    12.6 Waiver
      of Certain Rights. Tenant
      hereby expressly waives any and all rights Tenant may have under applicable
      state law to its right to recover possession of the Premises or terminate this
      Lease. Tenant hereby waives any and all liens (whether statutory, contractual
      or
      constitutional) it may have or acquire as a result of a breach by Landlord
      under
      this Lease. Tenant also waives and releases any statutory lien and offset rights
      it may have against Landlord, including without limitation the rights conferred
      upon applicable state law.

    

    
      
        
        

      

      
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    12.7 NonWaiver. Failure
      on the part of Landlord to complain of any action or nonaction on the part
      of
      Tenant, no matter how long the same may continue, shall not be deemed to be
      a
      waiver by Landlord of any of its rights under this Lease. Further, it is
      covenanted and agreed that no waiver at any time of any of the provisions hereof
      by Landlord shall be construed as a waiver of any of the other provisions hereof
      and that a waiver at any time of any of the provisions hereof shall not be
      construed as a waiver at any subsequent time of the same provisions. The consent
      or approval by Landlord to or of any action by Tenant requiring Landlord’s
      consent or approval shall not be deemed to waive or render unnecessary
      Landlord’s consent or approval to or of any subsequent similar act by
      Tenant.

    

    13. BANKRUPTCY. The
      filing or preparation for filing by or against Tenant of any petition in
      bankruptcy, insolvency, or for reorganization under the Federal Bankruptcy
      Code,
      any other federal or state law now or hereafter relating to insolvency,
      bankruptcy, or debtor relief, or an adjudication that Tenant is insolvent,
      bankrupt, or an issuance of an order for relief with respect to Tenant under
      the
      Federal Bankruptcy Code, any other federal or state law now or hereafter
      relating to insolvency, bankruptcy, or debtor relief, or the execution by Tenant
      of a voluntary assignment for the benefit of, or a transfer in fraud of, its
      general creditors, or the failure of Tenant to pay its debts as they mature,
      or
      the levying on under execution of the interest of Tenant under this Lease,
      or
      the filing or preparation for filing by Tenant of any petition for a
      reorganization under the Federal Bankruptcy Code, or for the appointment of
      a
      receiver or trustee for a substantial part of Tenant’s assets or to take charge
      of Tenant’s business, or of any other petition or application seeking relief
      under any other federal or state laws now or hereafter relating to insolvency,
      bankruptcy, or debtor relief, or the appointment of a receiver or trustee for
      a
      substantial part of Tenant’s assets or to take charge of Tenant’s business,
      shall automatically constitute a default under this Lease by Tenant for which
      Landlord may, at any time or times thereafter, at its option, exercise any
      of
      the remedies and options provided to Landlord in Section 12 hereof; provided,
      however, that if such petition be filed by a third party against Tenant, and
      Tenant desires in good faith to defend against the petition and is not in any
      way in default of any obligation hereunder at the time of filing the petition,
      and Tenant within ninety (90) days thereafter procures a final adjudication
      that
      it is solvent and a judgment dismissing the petition, then this Lease shall
      be
      fully reinstated as though the petition had never been filed. In the event
      Landlord elects to terminate this Lease as provided for in this Section, Tenant
      shall pay forthwith to Landlord as liquidated damages, the difference between
      the unpaid rent reserved in this Lease at the time of such termination and
      the
      then reasonable rental value of the Premises for the balance of the Lease Term,
      and Tenant acknowledges that said sum is reasonable and shall not be construed
      as a penalty.

    

    14. DAMAGE
      AND CONDEMNATION.

    

    14.1 Casualty. In
      the
      event during the Lease Term the Premises are damaged by fire or other casualty,
      but to such an extent that repairs and rebuilding can reasonably be completed
      within one hundred eighty (180) days from the date Landlord receives the
      applicable insurance proceeds for such repairs and rebuilding, Landlord may,
      at
      Landlord’s option within sixty (60) days of such event, elect to repair and
      rebuild the Premises. If Landlord elects to repair and rebuild the Premises,
      Landlord will notify Tenant of same and this Lease shall remain in full force
      and effect, but Landlord may require Tenant temporarily to vacate the Premises
      while they are being repaired and, subject to the provisions of this Section
      14.1,
      rent
      shall abate during this period to the extent that the Premises are untenantable;
      provided, however, that Landlord shall not be liable to Tenant for any damage
      or
      expense which temporarily vacating the Premises may cause Tenant. If the repairs
      of or restoration to the Premises is not substantially complete (exclusive
      of
      any of Tenant’s property or Tenant’s improvements), or the Premises is not
      otherwise made suitable for occupancy by Tenant, within the aforesaid one
      hundred eighty (180) day period, Tenant shall have the right, by written notice
      to Landlord within ten (10) days of such period, to terminate this Lease, in
      which event rent shall be abated for the unexpired Lease Term, effective as
      of
      the date Tenant vacates the Premises, and the other terms and conditions of
      this
      Lease shall continue and remain in full force and effect until Tenant shall
      have
      vacated the Premises, removed all Tenant’s personal property therefrom and
      delivered peaceable possession thereof to Landlord. If within the aforesaid
      sixty (60) day period Landlord elects not to repair and rebuild the Premises
      or
      if the Building or any part thereof be so damaged that the Premises are
      untenantable and in Landlord’s reasonable opinion, which shall be given to
      Tenant within sixty (60) days of such casualty, the repairs and rebuilding
      cannot be completed within one hundred eighty (180) days from the date Landlord
      receives the applicable insurance proceeds as aforesaid, then within fourteen
      (14) days of Tenant’s receipt of Landlord’s notice that such rebuilding cannot
      be completed within one hundred eighty (180) days, Landlord or Tenant may by
      seven (7) days’ written notice to the other terminate this Lease in which event
      rent shall be abated for the unexpired Lease Term, effective as of the date
      Tenant vacates the Premises, and the other terms and conditions of this Lease
      shall continue and remain in full force and effect until Tenant shall have
      vacated the Premises, removed all Tenant’s personal property therefrom and
      delivered peaceable possession thereof to Landlord. Failure by Tenant to comply
      with any provision of this Section 14.1 shall subject Tenant to such costs,
      expenses, damages, and losses as Landlord may incur by reason of Tenant’s breach
      hereof. Notwithstanding any provision of this Lease to the contrary, if the
      Premises, the Building, or any part thereof are damaged by fire or other
      casualty caused by or materially contributed to by the negligence or misconduct
      of Tenant or any of the Tenant Parties, Tenant shall be fully responsible,
      to
      the extent not covered by Landlord’s and/or Tenant’s insurance, for repairing,
      restoring, or paying for the damage as Landlord shall direct and this Lease
      shall remain in full force and effect without reduction or abatement of
      rent.

    

    
      
        
        

      

      
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    14.2 Condemnation. In
      the
      event the Building shall be taken, in whole or in part, by condemnation or
      the
      exercise of the right of eminent domain, or if in lieu of any formal
      condemnation proceedings or actions, if any, Landlord shall sell and convey
      the
      Premises, or any portion thereof, to the governmental or other public authority,
      agency, body, or public utility, seeking to take the Premises, the Property
      or
      any substantial portion thereof which would materially adversely affect Tenant’s
      use and occupancy of the Building, then Landlord, at its option, may terminate
      this Lease upon ten (10) days’ prior written notice to Tenant and any prepaid
      rent shall be proportionately refunded from the date of possession by the
      condemning authority. Landlord shall notify Tenant of the commencement of any
      such condemnation proceeding within fourteen (14) days of Landlord’s receiving
      notice of the same. All damages awarded for the taking, or paid as the purchase
      price for the sale and conveyance in lieu of formal condemnation proceedings,
      whether for the fee or the leasehold interest, shall belong to and be the
      property of Landlord; provided, however, Tenant shall have the sole right to
      reclaim and recover from the condemning authority, but not from Landlord, such
      compensation as may be separately awarded or recoverable by Tenant in Tenant’s
      own right on account of any and all costs or loss, including loss of business,
      to which Tenant might be put in removing Tenant’s merchandise, furniture,
      fixtures, leasehold improvements, and equipment to a new location so long as
      any
      such separate award does not diminish Landlord’s award. Tenant shall execute and
      deliver any instruments, at the expense of Landlord, that Landlord may deem
      necessary to expedite any condemnation proceedings, to effectuate a proper
      transfer of title to such governmental or other public authority, agency, body
      or public utility seeking to take or acquire the Property and Premises, or
      any
      portion thereof. Tenant shall vacate the Premises, remove all Tenant’s personal
      property therefrom and deliver up peaceable possession thereof to Landlord
      or to
      such other party designated by Landlord in the aforementioned notice. Failure
      by
      Tenant to comply with any provisions of this Section 14.2 shall subject Tenant
      to such costs, expenses, damages, and losses as Landlord may incur by reason
      of
      Tenant’s breach hereof. If Landlord chooses not to terminate this Lease, then to
      the extent and availability of condemnation proceeds received by Landlord and
      subject to the rights of any mortgagee thereto, Landlord shall, at the sole
      cost
      and expense of Landlord and with due diligence and in a good and workmanlike
      manner, restore and reconstruct the Premises (exclusive of any of Tenant’s
      property or Tenant’s improvements) within one hundred eighty (180) days from the
      date Landlord receives the applicable condemnation proceeds, and such
      restoration and reconstruction shall make the Premises reasonably tenantable
      and
      suitable for the general use being made by Tenant prior to the taking; provided,
      however, that Landlord shall have no obligation to restore and reconstruct
      Tenant’s leasehold improvements unless and to the extent that Landlord receives
      an award of condemnation proceeds specifically designated as compensation for
      such improvements. Notwithstanding the foregoing, if Landlord has not
      substantially completed the restoration and reconstruction within one hundred
      eighty (180) days from the date Landlord receives the condemnation proceeds,
      Tenant, in addition to any other rights and remedies Tenant may have, shall
      have
      the right to cancel this Lease. If this Lease continues in effect after the
      physical taking, the rent payable hereunder shall be equitably adjusted both
      during the period of restoration and reconstruction and during the unexpired
      portion of the Lease Term.

    

    15. TAXES. Landlord
      shall pay all taxes, assessments, and other governmental charges, general or
      special, ordinary or extraordinary, foreseen or unforeseen, including any
      installments thereof, levied, assessed, or otherwise imposed by any lawful
      authority or payable with respect to the Property or the Building (excluding
      any
      Tenant’s property).

    

    
      
        
        

      

      
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    16. INDEMNIFICATION;
      LIABILITY OF LANDLORD. 

    

    16.1 Hold
      Harmless. Subject
      to Section 9 hereof, Tenant shall indemnify, defend, and hold harmless Landlord,
      and Landlord’s agents, employees, officers, directors, partners, members, and
      shareholders (“Landlord’s Related Parties”) at Tenant’s expense, from and
      against any and all liabilities, judgments, demands, causes of action, claims,
      losses, damages, costs and expenses, including reasonable attorneys’ fees and
      costs, arising out of the use, occupancy, conduct, operation, or management
      of
      the Premises by, or the willful misconduct or negligence of, Tenant, its
      officers, contractors, licensees, agents, servants, employees, guests, invitees,
      or visitors in or about the Building or Premises or arising from any breach
      or
      default under this Lease by Tenant, or arising from any accident, injury, or
      damage, howsoever and by whomsoever caused, to any person or property, occurring
      in or about the Premises. This indemnification shall survive termination or
      expiration of this Lease. Tenant shall not be liable to Landlord, or Landlord’s
      Related Parties for any damage to person or property caused by any act, omission
      or neglect of Landlord, its agents, employees or contractors. Moreover, Landlord
      shall not be liable for any damage, injury, destruction, or theft to or of
      the
      Premises, the personal property of Tenant or any of the Tenant Parties, Tenant,
      or any of the Tenant Parties arising from any use or condition of the Premises,
      or any sidewalks, entrance ways, or parking areas serving the Premises, or
      the
      act or neglect of co-tenants or any other person, or the malfunction of any
      equipment or apparatus serving the Premises, or any loss thereof by mysterious
      disappearance or otherwise. Any and all claims against Landlord for any damage
      referred to in this Section 16.1 are hereby waived and released by Tenant and
      Tenant shall look to its insurance to recover the cost thereof. This provision
      shall not be construed to make Tenant responsible for loss, damage, liability
      or
      expense resulting from injuries to third parties caused by the sole negligence
      or willful misconduct of Landlord, or its officers, contractors, licensees,
      agents, employees, or invitees.

    

    16.2 LIMITATION
      OF LIABILITY. NOTWITHSTANDING
      ANYTHING TO THE CONTRARY IN THIS LEASE, LANDLORD’S LIABILITY IS LIMITED TO, AND
      TENANT EXPRESSLY AGREES TO LOOK SOLELY TO, LANDLORD’S INTEREST IN THE PROPERTY
      FOR PAYMENT OF ANY AMOUNTS PAYABLE UNDER THIS LEASE OR FOR PERFORMANCE OF ANY
      OBLIGATION UNDER THIS LEASE. NONE OF LANDLORD, OR LANDLORD’S RELATED PARTIES
      SHALL EVER BE PERSONALLY LIABLE WITH RESPECT TO THIS LEASE AND TENANT’S
      EXCLUSIVE REMEDIES SHALL BE TO PROCEED AGAINST THE INTEREST OF LANDLORD IN
      AND
      TO THE PROPERTY. THE PROVISION CONTAINED IN THE FOREGOING SENTENCE IS NOT
      INTENDED TO, AND SHALL NOT, LIMIT ANY RIGHT THAT TENANT MIGHT OTHERWISE HAVE
      TO
      OBTAIN INJUNCTIVE RELIEF AGAINST LANDLORD OR LANDLORD’S SUCCESSORS-IN-INTEREST
      OR ANY SUIT OR ACTION IN CONNECTION WITH ENFORCEMENT OR COLLECTION OF AMOUNTS
      WHICH MAY BECOME OWING OR PAYABLE UNDER OR ON ACCOUNT OF INSURANCE MAINTAINED
      BY
      LANDLORD. IN NO EVENT SHALL LANDLORD BE LIABLE TO TENANT, OR ANY INTEREST OF
      LANDLORD IN THE PROPERTY BE SUBJECT TO EXECUTION BY TENANT, FOR ANY INDIRECT,
      SPECIAL, CONSEQUENTIAL OR PUNITIVE DAMAGES. 

    

    17. RIGHT
      OF ENTRY. Landlord
      reserves the right, for itself, its mortgagees, or their respective agents
      and
      duly authorized representatives, to enter and be upon the Premises at any time
      and from time to time to inspect the Premises and to repair, maintain, alter,
      improve, and remodel same, but Landlord shall use commercially reasonable
      efforts not to materially interfere with Tenant’s normal operation except in
      case of an emergency. Tenant shall not be entitled to any compensation, damages,
      or abatement or reduction in rent on account of any such repairs, maintenance,
      alterations, improvements, or remodeling. Except as otherwise provided in this
      Lease, nothing contained in this Section 17 shall imply any duty on the part
      of
      Landlord to repair, maintain, alter, improve, or remodel. After reasonable
      notice to Tenant, Tenant shall permit Landlord or Landlord’s agents at any
      reasonable hour of the day to enter into or upon and go through and view the
      Premises and to exhibit the Premises to prospective purchasers or, during the
      last twelve (12) months of the Lease Term, to prospective tenants.

    

    18. BUILDING
      RULES AND REGULATIONS. Landlord
      reserves the right to establish rules and regulations pertaining to the use
      and
      occupancy of the Building, which rules and regulations may be changed by
      Landlord from time to time. Tenant shall comply with any rules and regulations
      established by Landlord under this Section 18.

    

    19. PROPERTY
      LEFT ON THE PREMISES. Upon
      the
      expiration of this Lease, or if the Premises should be abandoned by Tenant,
      or
      if this Lease should terminate for any cause, or if Tenant should be
      dispossessed after default, if at the time of any such expiration, abandonment,
      termination or dispossession, Tenant or its assignees, subtenants, agents,
      employees, contractors, or any other person controlled by Tenant or claiming
      under Tenant should leave any property of any kind or character in or upon
      the
      Premises, such property shall be the property of Landlord and the fact of such
      leaving of property in or upon the Premises shall be conclusive evidence of
      the
      intent by Tenant or such person to abandon such property so left in or upon
      the
      Premises, and such leaving shall constitute abandonment of the property. It
      is
      understood and acknowledged by the parties hereto that none of Landlord’s agents
      or employees, have or shall have the actual or apparent authority to waive
      any
      portion of this Section 19, and neither Tenant nor any other person designated
      above shall have any right to leave any such property upon the Premises beyond
      the time set forth herein without the written consent of Landlord. In addition
      to those rights set forth in Section 12.3 herein, Landlord, its agents or
      attorneys, shall have the right and authority without notice to Tenant or anyone
      else, to remove and destroy, store, sell or otherwise dispose of, such property,
      or any part thereof, without being in any way liable to Tenant or anyone else
      therefor. Tenant shall be liable to Landlord for all reasonable and necessary
      expenses incurred in such removal and destruction, storage, sale or other
      disposition of such property. The said property removed or the proceeds from
      the
      sale or other disposition thereof shall belong to the Landlord as compensation
      for the removal and disposition of said property.

    

    
      
        
        

      

      
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    20. OTHER
      INTERESTS.

    

    20.1 Subordination. This
      Lease and Tenant’s interest hereunder shall at all times be subject and
      subordinate to the lien and security title of any deeds to secure debt, deeds
      of
      trust, mortgages, ground or underlying leases, or other interests heretofore
      or
      hereafter granted by Landlord or which otherwise encumber or affect the Property
      and to any and all advances to be made thereunder and to all renewals,
      modifications, consolidations, replacements, substitutions, and extensions
      thereof (each of which is herein called a “Mortgage”). This clause shall be
      self-operative and no further instrument of subordination need be required
      by
      any holder of any Mortgage. In acknowledgment of such subordination, Tenant
      shall, at Landlord’s request, promptly execute, acknowledge, and deliver any
      instrument which may be required to evidence subordination to any Mortgage
      and,
      to the holder thereof, and, in the event of a failure so to do, Landlord may,
      in
      addition to any other remedies for breach of covenant hereunder, execute,
      acknowledge, and deliver the instrument as the agent or attorney-in-fact of
      Tenant, and Tenant hereby irrevocably constitutes Landlord its attorney-in-fact
      for such purpose, Tenant acknowledging that the appointment is coupled with
      an
      interest and is irrevocable. Tenant hereby waives and releases any claim it
      might have against Landlord or any other party for any actions lawfully taken
      by
      the holder of any Mortgage.

    

    20.2 Attornment. In
      the
      event of the enforcement by the holder of any Mortgage, Tenant will, upon
      request of any person or party succeeding to the interest of said holder, as
      a
      result of such enforcement, automatically become the Tenant of such successor
      in
      interest without change in the terms or provisions of this Lease; provided,
      however, that such successor in interest shall not be (a) bound by any
      prepayment by Tenant to Landlord of Base Rent or additional rent or advance
      rent
      for a period of more than one month in advance, and all such rent shall remain
      due and owing notwithstanding such advance payment, (b) bound by any security
      deposit which Tenant may have paid to any prior Landlord, including Landlord,
      unless such deposit is available to the party who was the holder of such
      Mortgage at the time of such enforcement; (c) liable for any act or omission
      of
      any prior Landlord, including Landlord, or be subject to any offsets, defenses
      or termination rights of Tenant; (d) bound by any amendment or modification
      of
      this Lease made without the written consent of such holder; or (e) personally
      liable for monetary damages arising from a breach under the Lease after such
      enforcement, the sole recourse of Tenant against such successor in interest
      on
      account of such breach being limited, to the extent of any judgment obtained
      for
      monetary damages, to such successor in interest’s interest in the Property. Upon
      request by such successor in interest, Tenant shall execute and deliver an
      instrument or instruments confirming the attornment herein provided for in
      a
      form reasonably acceptable to such successor in interest. Notwithstanding
      anything contained in this Lease to the contrary, in the event of any default
      by
      Landlord in performing its covenants or obligations hereunder which would give
      Tenant the right to terminate this Lease, Tenant shall not exercise such right
      unless and until (i) Tenant gives written notice of such default, which notice
      shall specify the exact nature of said default and how the same may be cured,
      to
      any holder(s) of any such Mortgage who has theretofore notified Tenant in
      writing of its interest and the address to which notices are to be sent, and
      (ii) said holder(s) fail to undertake action to cure said default within
      forty-five (45) days from the giving of such notice by Tenant. The provisions
      of
      this Section 20 shall govern the manner and effective date of any notice to
      be
      given by Tenant to any such parties.

    

    21. HOLDING
      OVER. There
      shall be no renewal, extension, or reinstatement of this Lease by operation
      of
      law. In the event of holding over by Tenant after the expiration or sooner
      termination of this Lease, without Landlord’s acquiescence and without any
      express agreement of the parties, Tenant shall be a tenant at sufferance and
      all
      of the terms, covenants, and conditions of this Lease shall be applicable during
      that period, except that Tenant shall pay Landlord as Base Rent for the first
      two (2) months of the period of the hold over an amount equal to one and
      one-half times the Base Rent which would have been payable by Tenant under
      Section 2.1 hereof, as adjusted in accordance with Section 3.1 hereof, had
      the
      hold-over period been part of the original Lease Term, together with all
      additional rent due hereunder and together with any other Rent under this Lease
      and thereafter, Tenant shall pay two times the Base Rent which would have been
      payable by Tenant under Section 2.1 hereof, as adjusted in accordance with
      Section 3.1 hereof, had the hold-over period been part of the original Lease
      Term, together with all additional rent due hereunder and together with any
      other Rent under this Lease. The rent payable by Tenant during the holdover
      period shall be payable to Landlord on demand. If Tenant holds over as a tenant
      at sufferance, Tenant shall vacate and deliver the Premises to Landlord upon
      demand. In the event Tenant fails to surrender the Premises to Landlord upon
      expiration or other termination of this Lease or of such tenancy at sufferance,
      then Tenant shall indemnify Landlord against any and all damages, loss or
      liability resulting from any delay of Tenant in surrendering the Premises,
      including, but not limited to, any claim for damages by or amounts required
      to
      be paid to third parties who were to have occupied all or any part of the
      Premises effective upon the expiration or termination of this Lease plus all
      the
      losses, costs and expenses, including, without limitation, reasonable attorneys’
fees, incurred as a result of such holdover.

    

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

    22. HAZARDOUS
      MATERIALS. 

    

    (a) As
      used
      in this Lease, the term “Hazardous Materials” shall mean and include any
      substance that is or contains petroleum, asbestos, polychlorinated biphenyls,
      lead, or any other substance, material or waste which is now or is hereafter
      classified or considered to be hazardous or toxic under any federal, state
      or
      local law, rule, regulation or ordinance relating to pollution or the protection
      or regulation of human health, natural resources or the environment
      (collectively “Environmental Laws”) or poses or threatens to pose a hazard to
      the health or safety of persons on the Premises or any adjacent
      property.

    

    (b) Tenant
      agrees that during its use and occupancy of the Premises it will not permit
      Hazardous Materials to be present on or about the Premises except in a manner
      and quantity necessary for the ordinary performance of Tenant’s business and
      that it will comply with all Environmental Laws relating to the use, storage
      or
      disposal of any such Hazardous Materials.

    

    (c) If
      Tenant’s use of Hazardous Materials on or about the Premises results in a
      release, discharge or disposal of Hazardous Materials on, in, at, under, or
      emanating from, the Premises or the property in which the Premises are located,
      Tenant agrees to investigate, clean up, remove or remediate such Hazardous
      Materials in full compliance with (a) the requirements of (i) all Environmental
      Laws and (ii) any governmental agency or authority responsible for the
      enforcement of any Environmental Laws; and (b) any additional requirements
      of
      Landlord that are reasonably necessary to protect the value of the Premises
      or
      the property in which the Premises are located. Landlord shall also have the
      right, but not the obligation, to take whatever action with respect to any
      such
      Hazardous Materials that it deems reasonably necessary to protect the value
      of
      the Premises or the property in which the Premises are located. All costs and
      expenses paid or incurred by Landlord in the exercise of such right shall be
      payable by Tenant upon demand.

    

    (d) Upon
      reasonable notice to Tenant, Landlord may inspect the Premises for the purpose
      of determining whether there exists on the Premises any Hazardous Materials
      or
      other condition or activity that is in violation of the requirements of this
      Lease or of any Environmental Laws. The right granted to Landlord herein to
      perform inspections shall not create a duty on Landlord’s part to inspect the
      Premises, or liability on the part of Landlord for Tenant’s use, storage or
      disposal of Hazardous Materials, it being understood that Tenant shall be solely
      responsible for all liability in connection therewith.

    

    (e) Tenant
      shall surrender the Premises to Landlord upon the expiration or earlier
      termination of this Lease free of debris, waste or Hazardous Materials placed
      on
      or about the Premises by Tenant or its agents, employees, contractors or
      invitees, and in a condition which complies with all Environmental
      Laws.

    

    (f) Tenant
      agrees to indemnify and hold harmless Landlord from and against any and all
      claims, losses (including, without limitation, loss in value of the Premises
      or
      the property in which the Premises are located), liabilities and expenses
      (including reasonable attorney’s fees) sustained by Landlord attributable to (i)
      any Hazardous Materials placed on or about the Premises by Tenant or its agents,
      employees, contractors or invitees or (ii) Tenant’s breach of any provision of
      this Section.

    

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

    (g) The
      provisions of this Section shall survive the expiration or earlier termination
      of this Lease.

    

    23. NO
      WAIVER. Tenant
      understands and acknowledges that no assent, express or implied, by Landlord
      to
      any breach of any one or more of the terms, covenants or conditions hereof
      shall
      be deemed or taken to be a waiver of any succeeding or other breach, whether
      of
      the same or of any other term, covenant or condition hereof.

    

    24. BINDING
      EFFECT. All
      terms
      and provisions of this Lease shall be binding upon and apply to the successors,
      permitted assigns, and legal representatives of Landlord and Tenant or any
      person claiming by, through, or under either of them or their agents or
      attorneys, subject always, as to Tenant, to the restrictions contained in
      Section 11 hereof.

    

    25. RIGHT
      TO RELOCATE. Landlord
      may at its option and upon giving twenty (20) days prior written notice to
      Tenant, substitute for the Premises other premises in the Building (the
“New
      Premises”)
      in
      which event the New Premises shall be deemed to be the Premises for all purposes
      hereunder, provided:

    

    (a) The
      New
      Premises shall be comparable in size and type and quality of tenant finishes;
      and

    

    (b) The
      Base
      Rent and other rentals payable under this Lease shall remain the
      same.

     

    Tenant
      shall accept possession of the New Premises in its “as-is” condition;
provided,
      however,
      Landlord, at Landlord’s expense, shall make reasonable improvements so that the
      New Premises will provide the Tenant with the same standard of quality and
      usefulness as the original Premises (excluding, however, non-standard
      improvements made or paid for by Tenant). In the event of any such relocation
      of
      Tenant, Landlord shall pay for Tenant’s reasonable moving costs as well as the
      reasonable costs of replacing Tenant’s stationery, business cards and the like,
      and the reasonable costs of relocating Tenant’s wiring, cabling and
      telecommunications equipment; provided,
      however,
      Tenant
      shall not be entitled to any compensation for damages for any interference
      with
      or interruption of its business during or resulting from such relocation. If
      such option is validly so exercised by Landlord, Tenant shall continue to occupy
      the present Premises (upon all of the terms, covenants, conditions, provisions
      and agreements of this Lease, including the covenant for the payment of Rent)
      until the date on which Landlord shall have substantially completed said
      alteration work in the New Premises. Tenant shall move from the present Premises
      into the New Premises immediately upon the date of such substantial completion
      by Landlord and shall vacate and surrender possession to Landlord of the present
      Premises on such date and if Tenant continues to occupy the present Premises
      after such date, then thereafter, during the period of such occupancy, Tenant
      shall pay Rent for the present Premises, in addition to the Rent for the New
      Premises. With respect to said alteration work in the New Premises, if Tenant
      requests materials or installations other than those originally installed by
      Landlord, or if Tenant shall make changes in the work (such non-original
      materials or installations for changes being subject to Landlord’s written
      approval), and if such non-original materials or installments or changes shall
      delay the work to be performed by Landlord, or if Tenant shall otherwise delay
      the substantial completion of Landlord’s work, the happening of such delays
      shall in no event postpone the date for the commencement of the payment of
      Rent
      for the New Premises, beyond the date on which such work would have been
      substantially completed but for such delay, and, in addition, Tenant shall
      continue to pay Rent for the original Premises until it vacates and surrenders
      same as aforesaid. Landlord at its discretion may substitute materials of like
      quality for the materials originally utilized.

    

    26. SIGNS. Tenant
      shall not install, paint, display, inscribe, place, or affix any sign, picture,
      advertisement, notice, lettering, or direction (herein collectively called
      “Signs”) on the exterior of the Premises, the common areas of the Building, the
      interior surface of glass and any other location which could be visible from
      outside of the Premises without first securing written consent from Landlord
      therefor. Any Sign permitted by Landlord shall at all times comply with all
      municipal ordinances or other laws, regulations, deed restrictions, and other
      covenants applicable thereto. Tenant shall remove all Signs at the expiration
      or
      other termination of this Lease, at Tenant’s sole risk and expense, and shall in
      a good and workmanlike manner properly repair any damage caused by the
      installation, existence, or removal of Tenant’s Signs. Landlord hereby
      acknowledges that Tenant’s existing Sign is acceptable.

    

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

    27. DIRECTORY
      BOARD. Tenant
      shall be entitled at Landlord’s expense to have its name shown upon the
      Directory Board of the Building, which Directory Board may be a free standing
      or
      computerized directory board. Landlord shall designate the style of the
      Directory Board as well as the amount of space to be allocated to Tenant, which
      Board shall be located in an area designated by Landlord in the main lobby
      of
      the Building.

    

    28. ESTOPPEL
      CERTIFICATE. Tenant
      shall, at any time and from time to time, upon not less than ten (10) days’
prior written notice from Landlord, execute, acknowledge, and deliver to
      Landlord and any other persons specified by Landlord, a certificate or
      three-party agreement among Landlord, Tenant, and/or any third party dealing
      with Landlord certifying (a) that this Lease is unmodified and in full force
      and
      effect, or if modified, stating the nature of the modification and certifying
      that this Lease, as so modified, is in full force and effect, (b) the dates
      to
      which the rent and other charges are paid, (c) acknowledging that Tenant is
      paying rent on a current basis with no offsets or claims, (d) that there are
      not, to Tenant’s knowledge, any uncured defaults on the part of Landlord
      hereunder, or specifying the offsets, claims, or defaults, if any are claimed,
      and (e) such other information, including, but not limited to, the most recent,
      financial statements, including a balance sheet and a profit and loss statement,
      reasonably required by Landlord. It is expressly understood and acknowledged
      that any such statement may be relied upon by any prospective purchaser or
      encumbrancer of all or any portion of the Property or by any other person to
      whom it is delivered. 

    

    29. COMMON
      AREA CONTROL AND PARKING AREAS.

    

    29.1 Common
      Areas. Tenant
      acknowledges and agrees that the common areas of the Building including, without
      limiting the generality of the foregoing, lawns, gardens, parking areas,
      sidewalks, driveways, foyers, hallways, washrooms, and stairwells not within
      the
      Premises shall at all times be subject to the exclusive control and management
      of Landlord. Landlord shall have the right to change the area, level, location,
      and arrangement of common areas so long as in so doing Landlord does not
      materially and adversely affect ingress to and egress from the Building or
      the
      Premises (other than on a temporary basis). 

    

    29.2 Parking. Tenant
      and the Tenant Parties shall not use more than Tenant’s proportionate share of
      the parking spaces in the parking areas made available to the Building by
      Landlord, which proportionate share shall initially be six (6) spaces (i.e.,
      4.0
      spaces per 1,000 rentable square feet). Such spaces shall be used in common
      with
      other tenants, invitees and visitors of the Building. Tenant shall have the
      right to park in the Building parking facilities in common with other tenants
      of
      the Building upon such terms and conditions as may be established by Landlord
      from time to time. Tenant agrees not to overburden the parking facilities and
      agrees to cooperate with Landlord and other tenants in use of the parking
      facilities. Landlord reserves the right in its absolute discretion to determine
      whether the parking facilities are becoming overburdened and to allocate and
      assign parking spaces among Tenant and other tenants, and to reconfigure the
      parking area and modify the existing ingress to and egress from the parking
      area
      as Landlord shall deem appropriate. Tenant covenants and agrees to fully
      cooperate with Landlord in the enforcement of any program
      of rules
      and regulations designed for the orderly control and operation of parking
      areas.

    

    30. MISCELLANEOUS.  

    

    30.1 Severability. The
      terms, conditions, covenants, and provisions of this Lease shall be deemed
      to be
      severable. If any clause or provision herein contained shall be adjudged to
      be
      invalid or unenforceable by a court of competent jurisdiction or by operation
      of
      any applicable law, it shall not affect the validity of any other clause or
      provision herein, but the other clauses or provisions shall remain in full
      force
      and effect, and this Lease shall be construed as if such invalid, illegal or
      unenforceable provision had never been contained in this Lease, and, so far
      as
      is reasonable and possible, effect shall be given to the intent manifested
      by
      the portion held invalid or inoperative.

    

    30.2 Entire
      Agreement. Tenant
      agrees that this Lease supersedes and cancels any and all previous statements,
      negotiations, arrangements, brochures, agreements and understandings, if any,
      between Landlord and Tenant and their respective Related Parties with respect
      to
      the subject matter of this Lease or the Premises. Tenant acknowledges that
      there
      are no covenants, representations, understandings, stipulations, agreements,
      promises, warranties, or conditions, express or implied, oral or written,
      collateral or otherwise, forming part of or in any way affecting or relating
      to
      this Lease save as expressly set out in this Lease and that this Lease together
      with the Exhibits attached hereto constitutes the entire agreement between
      the
      parties hereto and may not be modified except as herein explicitly provided
      or
      except by subsequent agreement in writing of equal formality hereto executed
      by
      Landlord and Tenant.

    

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

    

    30.3 Cumulative
      Remedies. In
      the
      event of any default, breach, or threatened breach by Tenant of any of the
      covenants or provisions hereto, Landlord shall, in addition to all other
      remedies as provided by this Lease, have the right of injunction and/or damages
      and the right to invoke any remedy allowed at law or in equity, and may have
      any
      one or more of the remedies contemporaneously. The various rights, remedies,
      powers, options, and elections of Landlord reserved, expressed, or contained
      in
      this Lease are cumulative and no one of them shall be deemed to be exclusive
      of
      the others, or of such other rights, remedies, powers, options, or elections
      as
      are now, or may hereafter, be conferred upon Landlord by law or in equity,
      nor
      shall pursuit of any right or remedy constitute a forfeiture or waiver of any
      Rent due to Landlord or of any damages accruing to Landlord by reason of the
      violation of any of the terms of this Lease.

    

    30.4 Notices.  Any
      notice, request, approval, consent or other communication hereunder shall be
      in
      writing unless otherwise expressly provided in this Lease, and may be given
      or
      be served by depositing the same in the United States Postal Service, postage
      prepaid and certified and addressed to the party to be notified, with return
      receipt requested, or by delivering the same in person to such party (or, in
      case of a corporate party, to an officer of such party), or by express overnight
      mail service, when appropriate, addressed to the party to be notified. Notice
      deposited in the mail in the manner hereinabove described shall be effective
      from and after three (3) days (exclusive of Saturdays, Sundays and postal
      holidays) after such deposit. Notice given in any other manner shall be
      effective only if and when delivered to the party to be notified or at such
      party’s address for purposes of notice as set forth herein. For purposes of
      notice the addresses of the parties shall, until changed as herein provided,
      be
      as follows:

    

    
      	
            	If
              to Tenant:	
              Prior
                to and after the Commencement Date:

            

    

    

    Roberts
      Properties Construction, Inc.

    Attention:
      Mr. Anthony Shurtz

    450
      Northridge Parkway, Suite 301

    Atlanta,
      GA 30350

    
      

      
        	
              	If
                to Landlord:	
                Roberts
                  Properties Residential, L.P.

              

      

      450
        Northridge Parkway

      Suite
        302

      Atlanta,
        GA 30350

    

    

    or
      to
      such other addresses as the parties may direct from time to time by thirty
      (30)
      days’ written notice. However, the time period in which a response to any
      notice, demand, or request must be given, if any, shall commence to run from
      the
      date of receipt or deemed receipt of the notice, demand, or request by the
      addressee thereof. Rejection or other refusal to accept or the inability to
      deliver because of changed address of which no notice was given shall be deemed
      to be receipt of the notice, demand, or request sent. Tenant hereby appoints
      as
      its agent to receive service of all dispossessory or distraint proceedings
      and
      notices in connection therewith, the person in charge of or occupying the
      Premises at the time; and if no person is in charge of or occupying the
      Premises, then the service or notice may be made by attaching it on the main
      entrance to the Premises and on the same day enclosing, directing, stamping,
      and
      marking by first class mail a copy of the service or notice to Tenant at the
      last known address of Tenant.

    

    30.5 Recording. Neither
      this Lease nor any portion hereof shall be recorded unless both parties hereto
      agree to the recording.

    

    30.6 Attorneys’
      Fees. In
      the
      event either party hereto defaults in the faithful performance or observance
      of
      any of the terms, covenants, provisions, agreements or conditions contained
      in
      this Lease, the party in default shall be liable for and shall pay to the
      nondefaulting party all expenses incurred by such party in enforcing any of
      its
      remedies for any such default, and if the nondefaulting party places the
      enforcement of all or any part of this Lease in the hands of an attorney, the
      party in default agrees to pay the nondefaulting party’s reasonable attorneys’
fees in connection therewith; provided, however, if
      under
      any circumstances the defaulting party is required hereunder to pay any or
      all
      of the nondefaulting party’s attorneys’ fees and expenses, the defaulting party
      shall be responsible only for actual legal fees and out-of-pocket expenses
      incurred by the nondefaulting party at normal hourly rates for the work done.
      The defaulting party shall not be liable under any circumstances for any
      additional attorneys’ fees or expenses under O.C.G.A. §13-1-11 or otherwise,
      and, to the extent the nondefaulting party may be permitted to charge or receive
      additional attorneys’ fees or expenses under O.C.G.A. §13-1-11, the
      nondefaulting party hereby waives such right.

    

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

    30.7 Homestead. Tenant
      waives all homestead rights and exemptions which it may have under any law
      as
      against any obligations owing under this Lease. Tenant hereby assigns to
      Landlord its homestead right and exemption.

    

    30.8 TIME
      OF ESSENCE. Time
      is
      of the essence of this Lease.

    

    30.9 No
      Estate In Land. This
      Lease shall create the relationship of landlord and tenant between Landlord
      and
      Tenant, and nothing contained herein shall be deemed or construed by the parties
      hereto, or by any third party, as creating the relationship of principal and
      agent, or of partnership, or of joint venture, or of any relationship other
      than
      landlord and tenant, between the parties hereto. No estate shall pass out of
      Landlord and Tenant has only a usufruct not subject to levy and
      sale.

    

    30.10 Accord
      And Satisfaction. No
      payment by Tenant or receipt by Landlord of a lesser amount than the Base Rent,
      additional rent, or any other Rent herein stipulated shall be deemed to be
      other
      than on account of the earliest of such amount then due, nor shall any
      endorsement or statement on any check or any letter accompanying any check
      or
      payment as rent be deemed an accord and satisfaction, and Landlord may accept
      the check or payment without prejudice to Landlord’s right to recover the
      balance of the rent or pursue any other remedy provided in this
      Lease.

    

    

    30.11 Brokers’
      Fees. Landlord
      and Tenant warrant and represent, each to the other, that it has had no dealings
      with any broker or agent in connection with this Lease, and Landlord and Tenant
      hereby indemnify each other against, and agree to hold each other harmless
      from,
      any liability or claim, and all expenses, including attorneys’ fees, incurred in
      defending any such claim or in enforcing this indemnity, for a real estate
      brokerage commission or similar fee or compensation arising out of or in any
      way
      connected with any claimed dealings with the indemnitor and relating to this
      Lease or the negotiation thereof. 

    

    30.12 Tenant’s
      Authority. Both
      Tenant and the person executing this Lease on behalf of Tenant warrant and
      represent unto Landlord that (a) Tenant is a duly organized and validly existing
      legal entity, in good standing and qualified to do business in the state in
      which the Building is located, with no proceedings pending or contemplated
      for
      its dissolution or reorganization, voluntary or involuntary, (b) Tenant has
      full
      right, power and authority to execute, deliver and perform this Lease, (c)
      the
      person executing this Lease on behalf of Tenant is authorized to do so, (d)
      upon
      execution of this Lease by Tenant, this Lease shall constitute a valid and
      legally binding obligation of Tenant, and (e) upon request of Landlord, such
      person will deliver to Landlord satisfactory evidence of the matters set forth
      in this Section.

    

    30.13 Consents
      By Landlord. In
      all
      circumstances under this Lease where the prior consent or permission of Landlord
      is required before Tenant is authorized to take any particular type of action,
      such consent must be in writing and Landlord may withhold such consent or
      approval for any reason at its sole discretion, unless the provision
      specifically states that the consent or approval will not be unreasonably
      withheld.

    

    30.14 Joint
      And Several Liability. If
      there
      is more than one Tenant, then the obligations hereunder imposed upon Tenant
      shall be joint and several. If there is a guarantor of Tenant’s obligations
      hereunder, then the obligations hereunder imposed upon Tenant shall be the
      joint
      and several obligations of Tenant and such guarantor, and Landlord need not
      first proceed against Tenant before proceeding against such guarantor nor shall
      any such guarantor be released from its guaranty for any reason
      whatsoever.

    

    30.15 Independent
      Covenants. The
      obligation of Tenant to pay Rent and other monetary obligations provided to
      be
      paid by Tenant under this Lease and the obligation of Tenant to perform Tenant’s
      other covenants and duties under this Lease constitute independent,
      unconditional obligations of Tenant to be performed at all times provided for
      under this Lease, save and except only when an abatement thereof or reduction
      therein is expressly provided for in this Lease and not otherwise, and Tenant
      acknowledges and agrees that in no event shall such obligations, covenants
      and
      duties of Tenant under this Lease be dependent upon the condition of the
      Premises or the Property, or the performance by Landlord of its obligations
      hereunder.

    

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

    30.16 No
      Access To Roof. Tenant
      shall have no right of access to the roof of the Premises or the
      Building.

    

    30.17 Acceptance. The
      submission of this Lease by Landlord does not constitute an offer by Landlord
      or
      other option for, or restriction of, the Premises, and this Lease shall only
      become effective and binding upon Landlord, upon full execution hereof by
      Landlord and delivery of a signed copy to Tenant.

    

    30.18 Waiver
      Of Counterclaim. Tenant
      hereby waives the right to interpose any counterclaim of whatever description
      in
      any summary proceeding.

    

    30.19 Counterparts. This
      Lease may be executed in any number of counterparts, each of which when so
      executed and delivered shall be an original, but such counterparts shall
      together constitute one and the same instrument.

    

    30.20 Quiet
      Enjoyment. Tenant
      shall, and may peacefully have, hold, and enjoy the Premises, subject to the
      other terms hereof including without limitation, the subordination of this
      Lease
      to any mortgages or ground leases, provided that Tenant pays the rent and other
      sums herein recited to be paid by Tenant and performs all of Tenant’s covenants
      and agreements herein contained. This covenant and any and all other covenants
      of Landlord shall be binding upon Landlord and its successors only with respect
      to breaches occurring during its or their respective periods of ownership of
      the
      Landlord’s interest hereunder.

    

    30.21 Interpretation. Words
      of
      any gender used in this Lease shall be held and construed to include any other
      gender, and words in the singular number shall be held to include the plural
      unless the context otherwise requires. The captions are inserted in this Lease
      for convenience only, and in no way define, limit, or describe the scope or
      intent of this Lease, or of any provision hereof, nor in any way affect the
      interpretation of this Lease. The terms and provisions of this Lease shall
      not
      be construed against or in favor of a party hereto merely because such party
      is
      the “Landlord” or the “Tenant” hereunder or because such party or its counsel is
      the draftsman of this Lease. All references to days in this Lease and any
      Exhibits or Addenda hereto mean calendar days, not working or business days,
      unless otherwise stated. All obligations of either party hereunder not fully
      performed as of the expiration or termination of the Term of this Lease shall
      survive the expiration or termination of the Term of this Lease and shall be
      fully enforceable in accordance with those provisions pertaining thereto. No
      custom or practice which may evolve between the parties in the administration
      of
      the terms of this Lease shall waive or diminish the right of Landlord to insist
      upon the performance by Tenant in strict accordance with the terms of this
      Lease. This Lease is for the sole benefit of Landlord and Tenant, and, without
      the express written consent thereto, no third party shall be deemed a third
      party beneficiary hereof. This Lease is made and delivered in the State of
      Georgia and shall be governed by and construed in accordance with the laws
      of
      the State of Georgia.

    

    30.22 Financial
      Statements. At
      any
      time during the Lease Term of this Lease, Tenant shall, upon ten (10) days’
prior written notice from Landlord, provide Landlord with a current financial
      statement and financial statements of the two (2) years prior to the current
      financial statement year. Such statement shall be prepared in accordance with
      generally accepted accounting principles consistently applied and, if such
      is
      the normal practice of Tenant, shall be audited by an independent certified
      public accountant. If unaudited, Tenant’s financial statements shall be
      certified to be true and accurate by an authorized officer (e.g., CFO,
      President, Treasurer, etc.) of Tenant. 

    

    30.23 Real
      Estate Investment Trust. During
      the Lease Term of this Lease, should a real estate investment trust become
      Landlord hereunder, all provisions of this Lease shall remain in full force
      and
      effect except as modified by this paragraph. If Landlord in good faith
      determines that its status is a real estate investment trust under the
      provisions of the Internal Revenue Code of 1986, as heretofore or hereafter
      amended, will be jeopardized because of any provision of this Lease, Landlord
      may request reasonable amendments to this Lease and Tenant will not unreasonably
      withhold, delay or defer its consent thereto, provided that such amendments
      do
      not (a) increase the monetary obligations of Tenant pursuant to this Lease
      or
      (b) in any other manner adversely affect Tenant’s interest in the
      Premises.

    

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

    For
      additional terms and stipulations of this Lease, if any, see Exhibit
      “E”,
      attached hereto and by this reference incorporated herein and made a part
      hereof.

    

    IN
      WITNESS WHEREOF, the parties hereto have hereunto set their hands and seals
      the
      day and year first above written.

     

    
      	 	
              LANDLORD:  

              

              ROBERTS
                PROPERTIES RESIDENTIAL, 

              L.P.,
                a
                Georgia limited partnership

              

              By: 
                Roberts
                Realty Investors, Inc., 

              a
                Georgia corporation

              

              

              By: /s/
                Michael A.
                Quinlan                          
                

               Michael
                A. Quinlan

              Chief
                Financial Officer

              

              

              

              TENANT: 

              

              ROBERTS
                PROPERTIES CONSTRUCTION, INC., 

              a
                Georgia corporation

              

              

              By:/s/
                Anthony
                Shurtz                                                  
                

              Name:Anthony
                Shurtz

              Title:
                Chief Financial Officer

            

    

    
 

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

    

    SCHEDULE
      OF EXHIBITS

    

    
      

      
        	
                Exhibit
                  “A”

              	
                Legal
                  Description

              
	 	 
	
                Exhibit
                  “B”

              	
                Outline
                  of Premises

              
	 	 
	
                Exhibit
                  “C”

              	
                Intentionally
                  Omitted

              
	 	 
	
                Exhibit
                  “D”

              	
                Rules
                  and Regulations

              
	 	 
	
                Exhibit
                  “E”

              	
                Special
                  Stipulation

              

      

    

     

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

    EXHIBIT
      “A”

    

    LEGAL
      DESCRIPTION

    

    

    

    
      
        
        

      

      
        A-1

        
          

        

      

      
        
        

      

    

    

    

    

    
      
        
        

      

      
        A-2

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      “B”

    

    OUTLINE
      OF PREMISES

    

    
      
        
        

      

      
        B-1

        
          

        

      

      
        
        

      

    

    EXHIBIT
      “C”

    

    INTENTIONALLY
      OMITTED

    

    
      
        
        

      

      
        C-1

        
          

        

      

      
        
        

      

    

    EXHIBIT
      “D”

    

    RULES
      AND REGULATIONS

    

    
      	
              1.

            	
              Smoking
                is prohibited in the Premises, the main lobby, public corridors,
                elevators
                and elevator lobbies, stairwells, restrooms, and other common areas
                within
                the Building.

            

    

    

    
      	
              2.

            	
              Landlord
                reserves the right to close and keep locked all entrance and exit
                doors of
                the Building during the hours which are not normal business hours.
                When
                departing after the Building’s normal business hours, Tenant and its
                employees, agents, and invitees must ensure that the doors to the
                Building
                and the Premises are securely closed and locked. Requests to the
                Landlord,
                for access to the Building or any part thereof when it is locked,
                may be
                refused unless the person seeking access has arranged in advance
                for
                access or admission into the Building or any part thereof. Landlord
                and
                its agents shall not be liable for damages for any error concerning
                the
                admission to, or the exclusion from, the Building of any person.
                

            

    

    

    
      	
              3.

            	
              As
                part of the initial improvements to the Premises, Landlord agrees
                to
                furnish Tenant two keys for each keyed door located within the Premises
                without charge. If the Building entrance and/or the primary entrance
                to
                the Premises is accessed with either a pass key or key card, Landlord
                agrees to furnish Tenant two pass keys or key cards, as the case
                may be,
                per 1,000 square feet of leased space. Any additional pass keys or
                key
                cards required by Tenant must be obtained from Landlord at a reasonable
                cost to be established by Landlord. Tenant shall not alter any lock
                or
                install any new or additional locks or bolts on any doors or windows
                of
                the Premises without obtaining Landlord’s prior written consent. All keys
                and key cards to Premises shall be surrendered to Landlord upon
                termination of this Lease.

            

    

    

    
      	
              4.

            	
              All
                contractors and installation technicians shall comply with Landlord’s
                rules and regulations pertaining to construction and installation.
                This
                provision shall apply to all work performed on or about the Premises,
                Building, or Property, including installation of telephones, computer
                wiring, electrical devices and attachments, and installations of
                any
                nature affecting floors, walls, woodwork, trim, windows, ceilings,
                and
                equipment, or any other physical portion of the Premises, Building,
                or
                Property.

            

    

    

    
      	
              5.

            	
              No
                signaling or telephonic devices, including antennae and satellite
                dishes,
                or other wires, cabling and instruments or devices shall be installed
                in
                connection with the Premises, Building, or Property without the prior
                written consent of Landlord. No advertising banners or balloons or
                any
                other items which require fastening to the Premises, Building, or
                Property
                are permitted without the prior written consent of Landlord. Mechanical
                equipment, utility meters, and/or storage tanks will not be placed
                in or
                on the Premises, Building, or Property without Landlord’s prior written
                approval. 

            

    

    

    
      	
              6.

            	
              Tenant
                shall not overload the floor of the Premises; safes and other heavy
                articles shall be placed by Tenant only in such manner and location
                as may
                be specified in writing by Landlord, and any damage done to the Building
                or Premises from overloading a floor, or injury to persons in moving
                safes
                or other heavy articles in or out of the Building or Premises, shall
                be
                paid for by Tenant.

            

    

    

    
      	
              7.

            	
              No
                furniture, freight, or equipment of any kind, other than those delivered
                by messenger and express type services, may be brought into or out
                of the
                Building without prior notice to, and consent from, the Landlord.
                All
                moving activity into or out of the Building must be scheduled with
                the
                Landlord and done only in the manner, and restricted to the hours,
                designated by Landlord. All such movement shall be under supervision
                of
                Landlord and carried out in a manner that shall comply with Landlord’s
                rules and regulations. Tenant assumes, and shall indemnify Landlord
                against all loss, liability, cost, expense, risk or claim of damage
                or
                injury to persons and properties arising in connection with any said
                movement. All hand trucks used in the Building must be equipped with
                rubber tires and side guards. The only elevator on which heavy and/or
                large deliveries can be utilized, is the freight elevator. If the
                Building
                does not provide a freight elevator, passenger elevators may be used
                with
                Landlord’s approval, and given at least 24 hours notice so that proper
                protection can be put in place.

            

    

    

    
      
        
        

      

      
        D-1

        
          

        

      

      
        
        

      

    

    
      	
              8.

            	
              Tenant
                shall not use any method of heating or air-conditioning, other than
                that
                supplied by Landlord, without Landlord’s prior written consent. Space
                heaters are an electrical fire hazard and are not to be used in Tenant’s
                Premises. 

            

    

    

    
      	
              9.

            	
              No
                cooking shall be done or permitted on the Premises, except that
                Underwriters’ Laboratory (UL)-approved equipment and microwave ovens may
                be used in the Premises for heating food and brewing coffee, tea,
                hot
                chocolate, and similar beverages for employees and visitors. This
                use must
                be in accordance with all applicable federal, state, and city laws,
                ordinances, rules, and regulations. Tenant shall not use outdoor
                grills or
                cooking equipment, nor place picnic tables, tents, sports equipment,
                etc.
                in or about the Premises, without the prior written approval from
                Landlord. 

            

    

    

    
      	
              10.

            	
              Tenant
                shall not, at any time, occupy any part of the Premises, the Building,
                or
                the Property as sleeping or lodging
                quarters.

            

    

    

    
      	
              11.

            	
              No
                dogs, cats, fowl or other animals shall be brought into, or kept
                in or
                about the Premises, the Building, or the Property, except for those
                animals utilized to assist any persons with disabilities. Landlord
                should
                be notified in advance, and in writing, if any such animals will
                be
                utilized on a regular basis.

            

    

    

    
      	
              12.

            	
              Tenant
                and its employees and invitees, shall not disturb occupants of the
                Building or the Property by the use of any radios, tape or CD players,
                or
                other musical instruments, or the making of objectionable noises.
                The
                location of office parties and functions shall be restricted to Tenant’s
                Premises. Catering services shall use the service entrance and the
                service
                elevator for deliveries.

            

    

    

    
      	
              13.

            	
              All
                canvassing, soliciting, and peddling in or about the Premises, the
                Building, or the Property is prohibited. Tenant, Tenant’s employees, and
                Tenant’s agents shall not loiter in or on the entrances, corridors,
                sidewalks, lobbies, halls, stairways, elevators, or common areas,
                or
                disturb, solicit, or canvas any occupant of the Premises, the Building,
                or
                the Property. Landlord reserves the right to exclude or expel from
                the
                Property any person who, in Landlord’s reasonable judgment, is under the
                influence of alcohol or drugs, or commits any act in violation of
                any of
                these Rules and Regulations.

            

    

    

    
      	
              14.

            	
              The
                restrooms, urinals, wash bowls, and other apparatus shall not be
                used for
                any purpose including, without limitation, drug testing, other than
                that
                for which they were constructed, and no foreign substance of any
                kind
                shall be thrown or poured into them. The expense of any breakage,
                stoppage, or damage resulting from violation of this rule shall be
                borne
                by the Tenant who caused, or whose employees, agents, contractors,
                invitees, or licensees caused the breakage, stoppage, or
                damage.

            

    

    

    
      	
              15.

            	
              None
                of the parking, plaza, recreation, or lawn areas, entries, passages,
                doors, elevators, hallways, or stairways shall be blocked or obstructed;
                nor shall any rubbish, litter, trash or material of any nature be
                placed,
                emptied or thrown into these areas; nor shall these areas be used
                by
                Tenant’s agents, employees, and/or invitees at any time for purposes which
                are inconsistent with their designation by Landlord.
                

            

    

    

    
      	
              16.

            	
              No
                signs of any type or description shall be erected, placed, or painted
                in
                or about the doors and windows, the building, or the grounds of the
                Property or right-of-way of which the Premises are a part except
                those
                signs submitted to Landlord in writing and approved by Landlord in
                writing
                and which signs are in conformance with the Declaration. No covers
                or
                awnings over or outside of the windows nor draperies or coverings
                hung
                inside the windows will be permitted without Landlord’s prior written
                approval. 

            

    

    

    
      	
              17.

            	
              Tenant
                and its employees, agents, and invitees shall park their vehicles
                only in
                those parking areas designated by Landlord and entirely within the
                lines.
                All directional signs, arrows, and posted speed limits must be observed.
                Bicycles, motorcycles or other mobile devices shall not be allowed
                or
                placed anywhere on the Property or in the Building, except within
                those
                areas so designated. Parking is prohibited in areas not striped for
                parking, in aisles where “No Parking” signs are posted, on ramps, in
                crosshatched areas, and in other areas as may be designated by Landlord.
                

            

    

    

    
      	
              18.

            	
              Tenant
                and its employees, agents, and invitees shall not leave any vehicle
                in a
                state of disrepair, including, without limitation, flat tires, oil
                or
                damaging fluid leaks, out-of-date inspection stickers or license
                plates,
                on the Property. If Tenant or its employees, agents or invitees park
                their
                vehicles in areas other than the designated parking areas or leave
                any
                vehicle in a state of disrepair, Landlord, after ticketing the vehicle
                in
                violation, shall have the right to remove such vehicle at its owner’s
                expense. No vehicle maintenance will be done on the Property without
                the
                prior written consent of Landlord, which may be withheld in its sole
                discretion.

            

    

    

    
      
        
        

      

      
        D-2

        
          

        

      

      
        
        

      

    

    
      	
              19.

            	
              Tenant
                and its employees, agents, and invitees shall park their vehicles
                in
                compliance with all parking rules and regulations, including any
                sticker
                or other identification system established by Landlord. Parking stickers
                or other forms of identification supplied by Landlord shall remain
                the
                property of Landlord and are not transferable. Vehicles should be
                kept
                locked; any damage to vehicles or persons is assumed by the vehicle’s
                owner or its driver.

            

    

    

    
      	
              20.

            	
              Employees
                of Landlord shall not be responsible to carry messages from or to
                Tenant.
                Nor shall employees of Landlord contract with, or render free or
                paid
                service to any Tenant or to any of Tenant’s agents, employees, or invitees
                which service is not covered in this Lease, without prior written
                notice
                to Landlord.

            

    

    

    
      	
              21.

            	
              Tenant
                shall comply with all safety, fire protection, and evacuation procedures
                and regulations established by Landlord or by any government agency.
                All
                Christmas trees placed in the Tenant’s Premises must be fire-resistant
                artificial trees. Any lighting attached to trees or decorations must
                be UL
                approved and designated for the purpose being used. Installation
                of any
                decorations that could be deemed potential fire hazards requires
                the prior
                written approval of Landlord. Decorations placed outside of Tenant’s
                Premises shall also require the prior approval of
                Landlord.

            

    

    

    
      	
              22.

            	
              Landlord
                reserves the right at any time to change or rescind any one or more
                of
                these Rules and Regulations or to make any additional Rules and
                Regulations that, in Landlord’s judgment, may be necessary
                for:

            

    

    

    
      	
            	a.	
              The
                management, safety, care, protection, and cleanliness of the Premises,
                Building, and Property;

            

    

    
      	
            	b.	
              The
                operation thereof and the preservation of good order therein;
                and

            

    

    
      	
            	c.	
              The
                protection and comfort of other occupants and tenants and their agents,
                employees and invitees in the Premises, Building, and Property.
                

            

    

    

    Landlord
      may waive any one or more of these Rules and Regulations for the benefit of
      any
      particular tenants. No waiver by Landlord shall be construed as a waiver of
      those Rules and Regulations in favor of any other tenant, and no waiver shall
      prevent Landlord from enforcing those rules and Regulations against any other
      tenant of the Property. Tenant shall be considered to have read these Rules
      and
      Regulations and to have agreed to abide by them as a condition of Tenant’s
      occupancy of the Premises.

    

    
      
        
        

      

      
        D-3

        
          

        

      

      
        
        

      

    

    EXHIBIT
      “E”

    

    SPECIAL
      STIPULATION

    

    This
      Special Stipulation is hereby incorporated into this Lease and in the event
      that
      it conflicts with any provisions of this Lease, this Special Stipulation shall
      control.

    

    Extension
      Options.
      So long
      as this Lease is in full force and effect and Tenant is not in default beyond
      applicable notice and cure periods in the performance of any of the covenants
      or
      terms and conditions of this Lease at the time of notification to Landlord
      or at
      the time of commencement of the applicable Extension Term, as that term is
      hereinafter defined, Tenant shall have the option (each, an “Extension Option”)
      to extend the Lease Term for all or any portion of the Premises for three (3)
      additional periods of one (1) year (each, an “Extension Term”), at the
      Prevailing Market Rate (as hereinafter defined), but in no event shall the
      Base
      Rent during the applicable Extension Term be less than the Base Rent then in
      effect at the expiration of the applicable Lease Term, subject to terms and
      conditions set forth in this Special
      Stipulation.
      Tenant
      shall provide Landlord with written notice three (3) months prior to the
      expiration of the initial Lease Term or the then applicable Lease Term of its
      desire to extend the Lease Term of this Lease. Landlord shall provide Tenant
      with a written proposal setting forth its determination of the Prevailing Market
      Rate to extend the Lease Term of this Lease within thirty (30) days of such
      applicable notice. Tenant shall have ten (10) days from its receipt of
      Landlord’s proposal to either accept such proposal or to not extend the
      then-applicable Lease Term of this Lease. The “Prevailing Market Rate” shall
      mean the then prevailing market rate for lease renewals and extensions in the
      Building and in similar buildings in the vicinity of the Building comparable
      to
      this Lease and the Premises, which shall be determined by Landlord in its sole
      and absolute discretion. If Landlord and Tenant are unable to reasonably agree
      upon the Prevailing Market Rate within such 10-day period after Tenant’s receipt
      of Landlord’s proposal, then Tenant’s exercise of the applicable Extension
      Option shall be null and void and of no further force and effect.

     

    
      
        
        

      

      
        E-1450
      NORTHRIDGE PARKWAY

    

    

    

    LEASE
      

    

    BY
      AND BETWEEN

    

    ROBERTS
      PROPERTIES RESIDENTIAL, L.P.,

    

    AS
      LANDLORD

    

    

    AND

    

    

    ROBERTS
      PROPERTIES, INC., 

    

    AS
      TENANT

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    TABLE
      OF CONTENTS

    

    
      	
              Section

            	
              Page

            
	 	 	 
	
              1.

            	
              TERM.

            	
              1

            
	
              2.

            	
              RENT.

            	
              1

            
	
              2.1

            	
              Base
                Rent.

            	
              1

            
	
              2.2

            	
              Payment;
                Late Charge; Past Due Rate.

            	
              1

            
	
              3.

            	
              OPERATING
                EXPENSES.

            	
              2

            
	
              3.1

            	
              Payment;
                Base Year.

            	
              2

            
	
              3.2

            	
              Proportionate
                Share.

            	
              
                
                  2

                

              

            
	
              3.3

            	
              Common
                Operating Expenses.

            	
              
                2

              

            
	
              3.4

            	
              Gross-Up
                Adjustment.

            	
              4

            
	
              3.5

            	
              Manner
                of Payment.

            	
              5

            
	
              3.6

            	
              Additional
                Expenses.

            	
              5

            
	
              3.7

            	
              Audit
                Right.

            	
              5

            
	
              4.

            	
              SECURITY
                DEPOSIT.

            	
              6

            
	 	
              USE.

            	
              6

            
	
              5.1

            	
              Permitted
                Use.

            	
              6

            
	
              5.2

            	
              Covenants.

            	
              6

            
	
              5.3

            	
              Occupancy
                of Premises.

            	
              7

            
	
              6.

            	
              UTILITIES
                AND SERVICE.

            	
              7

            
	
              6.1

            	
              Utilities.

            	
              7

            
	
              6.2

            	
              Electrical
                Services.

            	
              7

            
	
              6.3

            	
              Janitorial
                Services.

            	
              8

            
	
              6.4

            	
              Cessation
                of Services.

            	
              8

            
	
              7.

            	
              REPAIR
                AND MAINTENANCE.

            	
              8

            
	
              7.1

            	
              Landlord’s
                Repairs.

            	
              8

            
	
              7.2

            	
              Tenant’s
                Repair.

            	
              8

            
	
              8.

            	
              FORCE
                MAJEURE.

            	
              8

            
	
              9.

            	
              PROPERTY
                AND LIABILITY INSURANCE.

            	
              9

            
	
              9.1

            	
              Landlord’s
                Insurance.

            	
              9

            
	
              9.2

            	
              Compliance
                with Insurance Regulations; Covenants.

            	
              9

            
	
              9.3

            	
              Tenant’s
                Insurance.

            	
              9

            
	
              9.4

            	
              Policy
                Requirements.

            	
              10

            
	
              9.5

            	
              Waiver
                of Subrogation.

            	
              10

            
	
              10.

            	
              ALTERATIONS
                AND IMPROVEMENTS.

            	
              10

            
	
              10.1

            	
              Acceptance
                of Premises.

            	
              10

            
	
              10.2

            	
              Improvements
                and Alterations.

            	
              11

            
	
              10.3

            	
              Liens.

            	
              11

            
	
              10.4

            	
              Title
                to Alterations.

            	
              11

            
	
              10.5

            	
              Tenant’s
                Negligence.

            	
              12

            
	
              10.6

            	
              Compliance
                with Laws.

            	
              12

            
	
              11.

            	
              ASSIGNMENT
                OR SUBLETTING.

            	
              12

            
	
              11.1

            	
              Transfers.

            	
              12

            
	
              11.2

            	
              Permitted
                Transfers.

            	
              13

            
	
              11.3

            	
              No
                Release of Tenant.

            	
              13

            
	
              11.4

            	
              Assignment
                of Options.

            	
              13

            
	
              11.5

            	
              Assignment
                by Landlord.

            	
              14

            
	
              12.

            	
              DEFAULTS.

            	
              14

            
	
              12.1

            	
              Default
                by Tenant.

            	
              14

            
	
              12.2

            	
              Landlord’s
                Remedies.

            	
              14

            
	
              12.3

            	
              Abandonment
                of Personal Property.

            	
              16

            
	
              12.4

            	
              Reentry.

            	
              16

            
	
              12.5

            	
              Remedies
                Non-Exclusive

            	
              16

            

    

     

    
      
        
        

      

      
        i

        
          

        

      

      
        
        

      

    

    
      	 	 	 
	
              12.6

            	
              Waiver
                of Certain Rights.

            	
              16

            
	
              12.7

            	
              NonWaiver.

            	
              17

            
	
              13.

            	
              BANKRUPTCY.

            	
              17

            
	
              14.

            	
              DAMAGE
                AND CONDEMNATION.

            	
              17

            
	
              14.1

            	
              Casualty.

            	
              17

            
	
              14.2

            	
              Condemnation.

            	
              18

            
	
              15.

            	
              TAXES.

            	
              18

            
	
              16.

            	
              INDEMNIFICATION;
                LIABILITY OF LANDLORD.

            	
              19

            
	
              16.1

            	
              Hold
                Harmless.

            	
              19

            
	
              16.2

            	
              Limitation
                of Liability.

            	
              19

            
	
              17.

            	
              RIGHT
                OF ENTRY.

            	
              19

            
	
              18.

            	
              BUILDING
                RULES AND REGULATIONS.

            	
              19

            
	
              19.

            	
              PROPERTY
                LEFT ON THE PREMISES.

            	
              19

            
	
              20.

            	
              OTHER
                INTERESTS.

            	
              20

            
	
              20.1

            	
              Subordination.

            	
              20

            
	
              20.2

            	
              Attornment.

            	
              20

            
	
              21.

            	
              HOLDING
                OVER.

            	
              20

            
	
              22.

            	
              HAZARDOUS
                MATERIALS.

            	
              21

            
	
              23.

            	
              NO
                WAIVER.

            	
              22

            
	
              24.

            	
              BINDING
                EFFECT.

            	
              22

            
	
              25.

            	
              RIGHT
                TO RELOCATE.

            	
              22

            
	
              26.

            	
              SIGNS.

            	
              22

            
	
              27.

            	
              DIRECTORY
                BOARD.

            	
              23

            
	
              28.

            	
              ESTOPPEL
                CERTIFICATE.

            	
              23

            
	
              29.

            	
              COMMON
                AREA CONTROL AND PARKING AREAS.

            	
              23

            
	
              29.1

            	
              Common
                Areas.

            	
              23

            
	
              29.2

            	
              Parking.

            	
              23

            
	
              30.

            	
              MISCELLANEOUS.

            	
              23

            
	
              30.1

            	
              Severability.

            	
              23

            
	
              30.2

            	
              Entire
                Agreement.

            	
              23

            
	
              30.3

            	
              Cumulative
                Remedies.

            	
              24

            
	
              30.4

            	
              Notices.

            	
              24

            
	
              30.5

            	
              Recording.

            	
              24

            
	
              30.6

            	
              Attorneys’
                Fees.

            	
              24

            
	
              30.7

            	
              Homestead.

            	
              25

            
	
              30.8

            	
              TIME
                OF ESSENCE.

            	
              25

            
	
              30.9

            	
              No
                Estate In Land.

            	
              25

            
	
              30.10

            	
              Accord
                And Satisfaction.

            	
              25

            
	
              30.11

            	
              Brokers’
                Fees.

            	
              25

            
	
              30.12

            	
              Tenant’s
                Authority.

            	
              25

            
	
              30.13

            	
              Consents
                By Landlord.

            	
              25

            
	
              30.14

            	
              Joint
                And Several Liability.

            	
              25

            
	
              30.15

            	
              Independent
                Covenants.

            	
              25

            
	
              30.16

            	
              No
                Access To Roof.

            	
              26

            
	
              30.17

            	
              Acceptance.

            	
              26

            
	
              30.18

            	
              Waiver
                Of Counterclaim.

            	
              26

            
	
              30.19

            	
              Counterparts.

            	
              26

            
	
              30.20

            	
              Quiet
                Enjoyment.

            	
              26

            
	
              30.21

            	
              Interpretation.

            	
              26

            
	
              30.22

            	
              Financial
                Statements.

            	
              26

            
	
              30.23

            	
              Real
                Estate Investment Trust.

            	
              26

            

    

    

    
      
        
        

      

      
        ii

        
          

        

      

      
        
        

      

    

    
LEASE

    (450
      Northridge Parkway)

    

    THIS
      LEASE, made this 27th day of March, 2006, effective as of the
      1st
      day of
      January, 2006 (the “Commencement Date”), between ROBERTS
      PROPERTIES RESIDENTIAL L.P.,
      a
      Georgia limited partnership (herein called “Landlord”), and ROBERTS
      PROPERTIES, INC.,
      a
      Georgia corporation (herein called “Tenant”);

    

    

    W
      I T N E S S E T H: THAT,

    

    WHEREAS,
      Landlord is the owner of that certain building situated at 450 Northridge
      Parkway, Fulton County, Atlanta, Georgia 30350 (herein called the “Building”)
      and located on the property (herein called the “Land”; the Land, the parking
      area adjacent to the Building, and the Building are herein collectively called
      the “Property”) described on Exhibit
      “A”,
      attached hereto and by this reference incorporated herein and made a part
      hereof; and

    

    WHEREAS,
      Tenant
      wishes to lease from Landlord approximately 5,336 rentable square feet on the
      third (3rd)
      floor
      of the Building being Suite 300, which area is crosshatched on the diagram
      marked Exhibit
      “B”,
      attached hereto and by this reference incorporated herein and made a part hereof
      (herein called the “Premises”); 

    

    NOW,
      THEREFORE,
      in
      consideration of the payment of the rent and all other charges and payments
      hereunder and the keeping and performance of the covenants, agreements, terms,
      provisions, and conditions by Tenant as hereinafter set forth, Landlord does
      hereby lease to Tenant, and Tenant does hereby lease from Landlord, the
      Premises, subject to all matters hereinafter set forth and upon and subject
      to
      the covenants, agreements, terms, provisions and conditions of this Lease for
      the term hereinafter stated. Tenant hereby accepts the Premises in their
      condition existing as of the date hereof and hereby acknowledges that Landlord
      has not made any representation or warranty as to the suitability of the
      Premises for the conduct of Tenant’s business. No easement for light or air is
      included in this Lease for the Premises and Property.

    

    FOR
      AND IN CONSIDERATION
      of the
      leasing of the Premises as aforesaid, the parties hereby covenant and agree
      as
      follows:

    

    1.  
TERM. 
      The
      term
      (herein called the “Lease Term”) of this Lease commenced on the Commencement
      Date and, unless sooner terminated under the provisions hereof, shall expire
      at
      11:59 p.m. on December 31, 2006. Tenant acknowledges that it is currently in
      possession of the Premises and that Landlord shall have no delivery of
      possession requirement hereunder. “Lease Year” shall mean each consecutive
      twelve (12) month period during the Lease Term commencing with the Commencement
      Date.

    

    2.  
RENT. 
      

     

    2.1  Base
      Rent. 

    Commencing
      on the Commencement Date, the annual base rent (“Annual Base Rent”) for the
      Premises shall be ONE HUNDRED ONE THOUSAND THREE HUNDRED EIGHTY-FOUR AND NO/100
      DOLLARS ($101,384.00). The Annual Base Rent shall be payable in equal monthly
      installments of EIGHT THOUSAND FOUR HUNDRED FORTY-EIGHT AND 67/100 DOLLARS
      ($8,448.67) in advance on the first day of each and every calendar month during
      the Lease Term (“Base Rent”). Base Rent shall be prorated at the rate of 1/30th
      of the Base Rent per day for any partial month. 

    

    2.2  Payment;
      Late Charge; Past Due Rate. 

    Tenant
      shall pay the rent and all other sums, amounts, liabilities, and obligations
      which Tenant herein assumes or agrees to pay, whether designated Base Rent,
      additional rent, costs, expenses, damages, losses, or otherwise, (all of which
      are herein collectively called “Rent”) as herein provided promptly at the times
      and in the manner herein specified without demand, deduction, setoff, abatement,
      counterclaim, defense, or prior notice. Tenant hereby acknowledges that late
      payment to Landlord of Rent or other sums due hereunder will cause Landlord
      to
      incur costs not contemplated by this Lease, the exact amount of which will
      be
      extremely difficult to ascertain. If any Rent is not received by Landlord within
      five (5) days after the date on which it is due, Tenant shall pay Landlord
      a
      late charge equal to five percent (5%) of the amount of such past due payment,
      plus any attorney’s fees and costs incurred by Landlord by reason of Tenant’s
      failure to pay Rent when due, notwithstanding the date on which such payment
      is
      actually paid to Landlord. If such Rent is not paid within thirty (30) days
      of
      the date on which it was originally due, then, in addition to such late charge,
      Tenant shall pay Landlord interest on such Rent from the date on which it was
      originally due until the date it is actually paid at a rate per annum equal
      to
      the lesser of (i) the prime rate of interest announced by Wachovia Bank of
      Georgia, N.A., or its successors, from time to time for 90-day unsecured loans
      to its best commercial customers plus five percent (5%) or (ii) the maximum
      nonusurious rate permitted by applicable law of the state in which the Building
      is located or the United States of America, whichever shall permit the higher
      nonusurious rate, such interest being in addition to and cumulative of any
      other
      rights and remedies which Landlord may have with regard to the failure of Tenant
      to make any such payments under this Lease. Any such late charge and interest
      shall be due and payable at the time of actual payment of the Rent. Any Rent
      payable to Landlord by Tenant shall be paid in cash or by check at the office
      of
      Landlord, Suite 302, 450 Northridge Parkway, Atlanta, Georgia 30350, or at
      such
      other place or places as Landlord may from time to time designate in
      writing.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    3.  
OPERATING
      EXPENSES. 

    

    3.1  Payment;
      Base Year. 

    During
      the Lease Term, Tenant shall pay to Landlord as additional rent Tenant’s
      Proportionate Share of Common Operating Expenses (as hereinafter defined) for
      the ensuing calendar year in excess of the actual Common Operating Expenses
      during the calendar year 2006 (herein called the “Base Year”). The amount of
      such additional rent shall be paid by Tenant to Landlord in equal monthly
      installments in advance on the first day of each month of such ensuing calendar
      year, at the same time and in the same manner as Base Rent. Tenant’s
      Proportionate Share of Common Operating Expenses shall be prorated as necessary
      for any year during which this Lease is in effect for less than a full twelve
      month calendar year. Common Operating Expenses and Tenant’s Proportionate Share
      of Common Operating Expenses shall be calculated on an accrual basis and
      estimated in accordance with Section 3.4 below.

    

    3.2  Proportionate
      Share. 

    “Tenant’s
      Proportionate Share of Common Operating Expenses” shall mean, for each calendar
      year (or portion thereof), 14.09% of the Operating Expense Amount (defined
      below), which percentage is calculated by dividing the rentable area of the
      Premises (numerator) by the rentable area of the Building (denominator), and
      expressing the fraction as a percentage. As of the date hereof, the rentable
      area of the Building is 37,864 square feet. As used herein, the “Operating
      Expense Amount” shall mean, for each calendar year, or portion thereof, the
      amount by which the Common Operating Expenses exceeds the Base Year Common
      Operating Expenses.

    

    3.3  Common
      Operating Expenses. 

    For
      purposes of this Lease, the term “Common Operating Expenses” shall consist of
      all “operating costs” (as hereinafter defined) for the Property. For purposes of
      this Lease, the term “operating costs” shall mean all expenses, costs and
      disbursements, subject to the exclusions set forth in Section 3.3.13 hereof,
      relating to or incurred or paid in connection with the ownership, operation,
      maintenance and repair of the Property, computed in accordance with generally
      accepted accounting principles, consistently applied, including, but not limited
      to, the following:

    

    3.3.1  The
      wages, salaries and attributable overhead expenses of all employees that are
      not
      excluded under Section 3.3.13 and that are engaged in the operation,
      maintenance, security and/or access control of the Property, including, without
      limitation, employers’ Social Security taxes, unemployment, and any other taxes
      which may be levied on or with respect to such wages, salaries, and attributable
      overhead expenses as well as insurance and benefits relating thereto (to the
      extent that persons are engaged with respect to more than one building, wages
      and salaries relating to such persons shall be equitably apportioned between
      all
      such buildings based upon Landlord’s reasonable estimate of the time spent by
      each such person on each building relative to their total time on all
      buildings). 

    

    3.3.2  The
      cost
      of all supplies, tools, equipment and materials used in the operation and
      maintenance of the Property, including rental fees for the same, if such items
      are not purchased and amortized pursuant to this Section 3.3.

    

    3.3.3  The
      cost
      of water, sewer, heating, lighting, ventilation, electricity, air conditioning,
      and any other utilities supplied or paid for by Landlord for the Property
      (excluding those costs billed to specific tenants) and the cost of maintaining
      the systems supplying the same, including, but not limited to, any utility
      and
      service costs incurred by Landlord under Section 6 hereof.

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    3.3.4  The
      cost
      of all maintenance and service, including the agreements relating thereto,
      of
      the Property and the equipment therein, including, but not limited to, window
      cleaning, elevator maintenance, janitorial service, pest control, landscaping
      maintenance and access control. 

    

    3.3.5  The
      cost
      of all sprinkler systems, fire extinguishers, fire hoses, security services
      and
      protective services or devices rendered to or in connection with the Property
      or
      any part thereof.

    

    3.3.6  Insurance
      premiums for insurance for the Property required to be maintained by Landlord
      hereunder or which Landlord deems appropriate, including, but not limited to,
      premiums for insurance maintained by Landlord under Section 9.1, business
      interruption, rental abatement, or liability insurance, and the cost of
      deductibles paid on claims made by Landlord. 

    

    3.3.7  The
      cost
      of repairs and general maintenance of the Property, including, but not limited
      to: maintenance and cleaning of common areas and facilities; lawn mowing,
      gardening, landscaping, and irrigation of landscaped areas; line painting,
      pavement maintenance, sweeping, and sanitary control; removal of snow, trash,
      rubbish, garbage, and other refuse; the cost of personnel to implement such
      services, to direct parking, and to police the common facilities; the cost
      of
      exterior and interior painting; all maintenance and repair costs incurred under
      Section 7.1 or Section 10; and the cost of maintenance of sewers and utility
      lines.

    

    3.3.8  The
      amortization, together with financing charges, of the cost of capital investment
      items which are installed for the purpose of reducing operating expenses,
      promoting safety, complying with governmental requirements or maintaining the
      high quality nature of the Property.

    

    3.3.9  All
      taxes, assessments, and governmental or other charges, general or special,
      ordinary or extraordinary, foreseen or unforeseen, which are levied, assessed,
      or otherwise imposed against the Property, street lights, personal property
      or
      rents, or on the right or privilege of leasing the Property, collecting rents
      therefrom or from parking vehicles thereon, by any federal, state, county,
      or
      municipal government or by any special sanitation district or by any other
      governmental or quasi-governmental entity that has taxing or assessment
      authority, and any other taxes and assessments attributable to the Property
      or
      its operation, together with the reasonable cost (including attorneys,
      consultants and appraisers) of any negotiation, contest or appeal pursued by
      Landlord in an effort to reduce any such tax, assessment or charge, and all
      of
      Landlord’s administrative costs in relation to the foregoing (herein
      collectively called the “Impositions”), but exclusive of federal, state or local
      income taxes of Landlord, inheritance taxes, estate taxes, gift taxes, transfer
      taxes, excess profit taxes and any taxes imposed in lieu of such taxes. If
      at
      any time during the Lease Term, the present method of taxation or assessment
      shall be so changed that the whole or any part of the Impositions now levied,
      assessed or imposed on real estate and the improvements thereon shall be
      discontinued or changed and as a substitute therefor, or in lieu of or in
      addition thereto, taxes, assessments, levies, impositions or charges shall
      be
      levied, assessed and/or imposed wholly or partially as a capital levy or
      otherwise on the rents received from the Property or the rents reserved herein
      or any part thereof, then such substitute or additional taxes, assessments,
      levies, impositions or charges, to the extent so levied, assessed or imposed,
      shall be deemed to be included within the Impositions and the operating costs.
      Tenant will be responsible for ad valorem taxes on its personal property and
      on
      the value of the leasehold improvements in the Premises to the extent the same
      exceed building standard allowances, and if the taxing authorities do not
      separately assess Tenant’s leasehold improvements, Landlord may make a
      reasonable allocation of the ad valorem taxes allocated to the Property to
      give
      effect to this sentence. Landlord may take reasonable steps to protest any
      increase in real estate or ad valorem taxes and assessments on the Building
      or
      the Land including without limitation Landlord’s timely response to any notice
      of increase of assessed value of the land on which the Building is
      located.

    

    3.3.10  All
      management expenses attributable to the Property, including, but not limited
      to:
      administrative expenses associated with collecting rent, arranging for and
      assuring continuity of Property services, supervising maintenance or repair,
      enforcing rules and regulations and generally assuring compliance with the
      terms
      of this and other leases; salaries or wages of persons employed or contracted
      to
      manage the Property (to the extent that persons are engaged with respect to
      more
      than one building, wages and salaries relating to such persons shall be
      equitably apportioned between all such buildings based upon Landlord’s
      reasonable estimate of the time spent by each such person on each building
      relative to their total time on all buildings); the cost of supplies and
      materials, equipment and furnishings necessary for such management functions;
      the cost of telephone service, attributable overhead expenses and any other
      expenses and management fees directly relating to the management of the
      Property; provided, however, such management expenses and fees shall not exceed
      five percent (5%) of the gross revenues of the Property during the Lease
      Term.

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    3.3.11  All
      assessments, costs, expenses or other charges imposed upon the Building pursuant
      to that certain Amended and Restated Declaration of Reciprocal Easements dated
      August 12, 1994, recorded in Deed Book 18640, page 098, Fulton County, Georgia
      Land Records, as amended (the “Declaration”).

    

    3.3.12  Reasonable
      cost of rent for management office within the Property applicable to the
      Building.

    

    3.3.13  Anything
      in this Lease to the contrary notwithstanding, there shall be excluded from
      operating costs the following items:

    

    (a)
      Repairs or other work occasioned by fire, windstorm or other casualty of an
      insurable nature to the extent that Landlord receives compensation, or by the
      exercise of eminent domain to the extent that Landlord receives compensation.
      

    

    (b)
      Leasing commissions, attorneys’ fees, costs and disbursements and other expenses
      incurred in connection with negotiations or disputes with tenants, other
      occupants, or prospective tenants.

    

    (c)
      The
      costs of renovating or otherwise improving or decorating, painting or
      redecorating space for tenants or other occupants in particular; however, any
      such costs incurred with respect to the common areas of the Property shall
      be
      included within operating costs.

    

    (d)
      Landlord’s costs for electricity and other services that are sold to tenants and
      for which Landlord receives a reimbursement by tenants as an additional charge
      or rental.

    

    (e)
      Costs
      incurred by Landlord for alterations or improvements which are considered
      capital improvements or replacements under generally accepted accounting
      principles, except those permitted by Section 3.3.8 hereof.

    

    (f)
      Depreciation and amortization, except for the amortization permitted by Section
      3.3.8 hereof.

    

    (g)
      Costs
      of a capital nature including but not limited to capital improvements, capital
      repairs, capital equipment and capital tools; however, those costs of a capital
      nature permitted by Section 3.3.8 hereof shall be included within operating
      costs.

    

    (h)
      Expenses in connection with services or other benefits of a type provided to
      other tenants but which are not made available to Tenant.

    

    (i)
      Wages, salaries or other compensation or benefits for any officers or employees
      of Landlord above the grade of Building Manager.

    

    (j)
      Interest, payment due under any note, deed to secure debt, or mortgage
      encumbering the Building in which the Premises is located or under any rental
      under any underlying superior lease or ground lease.

     

    Nothing
      contained in this Section 3, including, but not limited to, the definition
      of
“operating costs” contained in subsection 3.3 hereof, shall imply any duty on
      the part of Landlord to pay any expense or provide any service not otherwise
      imposed by the express terms of this Lease.

    

    3.4  Gross-Up
      Adjustment. 

    If
      the
      Building is less than fully occupied or if Building standard Landlord services
      are not provided to the entire Building during the Base Year or any period
      thereafter, then Operating Expenses for the Base Year or such later period
      shall
      be “grossed up” by Landlord to that amount of Operating Expenses that, using
      reasonable projections, would normally be expected to be incurred during the
      Base Year or such later period if the Building was one hundred percent (100%)
      occupied and receiving Building standard Landlord services during the Base
      Year
      or later period, as determined under generally accepted accounting principles
      consistently applied.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    3.5  Manner
      of Payment.   (a)
      For
      the purpose of estimating the Common Operating Expenses during each subsequent
      year after the Base Year, prior to each December 31st
      during
      the Lease Term Landlord shall estimate the amount of Common Operating Expenses
      and Tenant’s Proportionate Share of Common Operating Expenses for the ensuing
      calendar year or, if applicable, remaining portion thereof and notify Tenant
      in
      writing of such estimate. Such estimate shall be made by Landlord in the
      exercise of its sole discretion and not subject to arbitration. 

    

    (b)
      On or
      before April 30th
      during
      the Lease Term, or as soon thereafter as reasonably practical, Landlord shall
      give Tenant a Statement (“Statement”) showing Tenant the amount of actual Common
      Operating Expenses for the previous calendar year. Delay by Landlord in
      providing to Tenant any Statement shall not relieve Tenant from the obligation
      to pay any Expense increase upon the rendering of such Statement. If Tenant’s
      Proportionate Share of Common Operating Expenses for such calendar year proves
      to be greater than the estimated amount, Landlord shall invoice Tenant for
      the
      deficiency as soon as practicable after the amount of underpayment has been
      determined, and Tenant shall pay such deficiency to Landlord within fifteen
      (15)
      days following its receipt of such invoice. If, however, Tenant’s Proportionate
      Share of Common Operating Expenses for such calendar year is lower than the
      estimated amount, Tenant shall receive a credit toward the next ensuing monthly
      payment or payments of the estimated amount of Tenant’s Proportionate Share of
      Common Operating Expenses in an amount of such overpayment until depleted,
      provided however that (i) in no event shall Tenant’s Proportionate Share of
      Common Operating Expenses be deemed to be less than zero, and (ii) in the event
      of the expiration or other termination of this Lease, Tenant shall be refunded
      such overpayment as soon as practicable thereafter after the amount of
      overpayment has been determined.

    

    3.6  Additional
      Expenses. 
      Tenant
      shall also pay as additional rent all other charges, costs and expenses which
      are not included within Common Operating Expenses and which are incurred by
      Landlord as a result of any use of the Premises by Tenant. The amount of such
      additional rent shall be paid by Tenant to Landlord in advance on the first
      day
      of each month of such ensuing calendar year, at the same time and in the same
      manner as Base Rent, or within ten (10) days of Tenant’s receipt of a statement
      therefor from Landlord if such charges, costs and expenses are not incurred
      monthly and are billed separately by Landlord.

    

    3.7  Audit
      Right. 
      In
      the
      event that within ninety (90) days after Tenant’s receipt of the Statement for
      the prior calendar year, Tenant reasonably believes that certain of the Common
      Operating Expenses charged by Landlord include costs that are not properly
      included within the term “Common Operating Expenses” or that Landlord has erred
      in calculating same, Tenant shall have the right to audit Landlord’s books and
      records in accordance with this paragraph. Tenant shall exercise such audit
      right by providing Landlord with a written notice of Tenant’s exercise of such
      audit right within such 90-day period and a statement enumerating reasonably
      detailed reasons for Tenant’s objections to the Statement issued by Landlord
      (the “Audit Notice”). Upon the receipt by Landlord of an Audit Notice, Landlord
      shall instruct its property manager at the Building to meet with a designated
      employee of Tenant (the “Tenant Representative”) to discuss the objections set
      forth in the Audit Notice. Landlord shall provide the Tenant Representative
      with
      reasonable access to Landlord’s books and records at the Building relating to
      Common Operating Expenses for the calendar year in question in order to attempt
      to resolve the issues raised by Tenant in the Audit Notice. If, within thirty
      (30) days after Landlord’s receipt of the Audit Notice, Landlord and Tenant are
      unable to resolve Tenant’s objections, then not later than fifteen (15) days
      after the expiration of such 30-day period, Tenant shall notify Landlord if
      Tenant wishes to employ an independent, reputable certified public accounting
      firm charging for its services on an hourly rate (and not a contingent fee)
      basis (“Acceptable Accountants”) to inspect and audit Landlord’s books and
      records for the Building relating to the objections raised in Tenant’s
      statement. Such audit shall be limited to a determination of whether or not
      Landlord calculated the Common Operating Expenses in accordance with the terms
      and conditions of this Lease and normal and customary accounting methods used
      by
      owners of similar buildings in the area for calculating Tenant’s Common
      Operating Expense increase. All costs and expenses of any such audit shall
      be
      paid by Tenant. Any audit performed pursuant to the terms of this section shall
      be conducted only by the Acceptable Accountants at the offices of Landlord’s
      property manager at the Building. If Landlord has overcharged Tenant for
      Tenant’s Proportionate Share of the Common Operating Expense increase for any
      year, Landlord shall pay the amount of such overpayment to Tenant. If Common
      Operating Expenses are overstated by more than ten percent (10%), then Landlord
      agrees to pay the reasonable costs of such audit, not to exceed the lesser
      of
      Two Thousand and No/100 Dollars ($2,000.00) 

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    per
      audit
      or the amount of the overcharge. If Landlord has undercharged Tenant for
      Tenant’s Proportionate Share of the Common Operating Expense increase, Tenant
      shall promptly pay the amount of such underpayment to Landlord. Notwithstanding
      anything contained herein to the contrary, Tenant shall be entitled to exercise
      its audit right pursuant to this section only in strict accordance with the
      foregoing procedures no more often than once per calendar year and each such
      audit shall relate only to the calendar year most recently ended. In the event
      that Tenant fails to notify Landlord within the foregoing 90-day period that
      Tenant objects to the Statement, then Tenant’s right to audit such year’s
      Statement shall be null and void. Notwithstanding anything contained herein
      to
      the contrary, Tenant shall have no right to audit Landlord’s books and records
      for a particular calendar year if another tenant in the Building has conducted
      an audit of Landlord’s books for the same calendar year in question. In such
      event, Landlord shall provide Tenant with a copy of the result of such audit
      and
      Tenant shall be bound by the results of such audit. 

    

    4.  
SECURITY
      DEPOSIT. 
      Intentionally
      Omitted.

    

    

    5.  
USE.
      

     

    5.1  Permitted
      Use.  
      Tenant
      and its permitted assignees and subtenants shall use the Premises only for
      general office purposes, not in violation of the Declaration, and for no other
      use or purpose without the prior written consent of Landlord. No act shall
      be
      done in or about the Premises that is unlawful or that will increase the
      existing rate of insurance on the Building. In the event of a breach of this
      covenant, Tenant shall immediately cease the performance of such unlawful act
      or
      such act that is increasing or has increased the existing rate of insurance
      and
      shall pay to Landlord any and all increases in insurance premiums resulting
      from
      such breach. Tenant shall operate its business in the Premises during the entire
      Lease Term and in a reputable manner in compliance with all applicable laws,
      ordinances, regulations, covenants, restrictions, and other matters shown on
      the
      public records, now in force or hereafter enacted. Tenant will not permit,
      create, or maintain by itself or by any of its employees, invitees, customers,
      patrons, guests, agents, representatives, or contractors any disorderly conduct,
      trespass, noise, or nuisance whatsoever about the Premises or Building which
      has
      a tendency to annoy or disturb any persons either within or outside the Building
      and shall not permit its employees, invitees, customers, patrons, guests,
      agents, representatives, or contractors to loiter within or around the Building
      or any of the common areas.

    

    5.2  Covenants.  
      Tenant
      shall not commit or allow to be committed any waste upon the Premises, or any
      public or private nuisance or other act or thing which disturbs the quiet
      enjoyment of any other tenant in the Building. Tenant shall not place or
      maintain machines, equipment, or other apparatus which causes vibrations or
      noise that may be transmitted to the Building structure or to any space to
      such
      a degree as to be objectionable to Landlord or to any tenant, occupant, or
      other
      person in the Building. Tenant shall not, without Landlord’s prior consent,
      install any equipment, machine, device, tank or vessel which is subject to
      any
      federal, state or local permitting requirement. Tenant, at its expense, shall
      comply with all laws, statutes, ordinances and governmental rules, regulations
      or requirements governing the installation, operation and removal of any such
      equipment, machine, device, tank or vessel. Neither Tenant nor any of Tenant’s
      employees, agents or invitees shall place or maintain within the Premises any
      stoves, ovens or space heaters, except with the prior written consent of
      Landlord in each instance. Tenant shall not make or permit any smoke or odor
      that is objectionable to the public or to other occupants of the Building,
      to
      emanate from the Premises, and shall not create, permit, or maintain a nuisance
      thereon, and shall not do any act tending to injure the reputation of the
      Building or the Property. Tenant shall cause all loading and unloading of any
      goods or materials delivered to or sent from the Premises to be done only in
      the
      loading dock area of the Premises or, if no loading dock area is located at
      the
      Premises, then at the loading dock area of the Building or such other dock
      area
      as Landlord may designate. Under no circumstances shall Tenant allow any goods
      or materials delivered to or sent from the Premises to be stored on, accumulate
      on or obstruct the loading dock area, dumpster pad, sidewalks, driveways,
      parking areas, entrances or other public areas or spaces of the Building or
      the
      Property. Tenant acknowledges that violations of this Section 5.2 shall
      constitute a material breach of this Lease. Tenant shall not perform or permit
      any work, including, but not limited to, assembly, construction, mechanical
      work, painting, drying, layout, cleaning, or repair of goods or materials,
      to be
      done on the loading dock, sidewalks, driveways, parking areas, landscaped areas
      of the Building or the Property. Tenant shall not abandon or vacate the Premises
      at any time during the Lease Term. Tenant, at its expense, shall comply with
      all
      laws, statutes, ordinances, governmental rules, regulations or requirements,
      and
      the provisions of any recorded documents now existing or hereafter in effect
      relating to its use, operation or occupancy of the Premises and shall observe
      such reasonable rules and regulations as may be adopted and made available
      to
      Tenant by Landlord from time to time for the safety, care and cleanliness of
      the
      Premises or the Building and for the preservation of good order therein. The
      current rules and regulations for the Building are attached hereto as
Exhibit
      “D”.
      Without
      limiting the foregoing, Tenant agrees to be wholly responsible at Tenant’s sole
      cost and expense for any accommodations or alterations which need to be made
      to
      the Premises to comply with the provisions of the Americans With Disabilities
      Act of 1990, as amended (the “ADA”). Tenant hereby accepts the Premises in its
“AS-IS, WHERE-IS” condition as it is currently in possession of the
      Premises.

    

    
      
        
        

      

      
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    5.3  Occupancy
      of Premises. 
      Tenant
      shall throughout the Term of this Lease, at its own expense, maintain the
      Premises and all improvements thereon, and shall deliver up the Premises in
      a
      clean and sanitary condition at the expiration or termination of this Lease
      or
      the termination of Tenant’s right to occupy the Premises by Tenant, in good
      repair and condition, reasonable wear and tear excepted. In the event Tenant
      should neglect to maintain and/or return the Premises in such manner, Landlord
      shall have the right, but not the obligation, to cause repairs or corrections
      to
      be made, and any reasonable costs therefor shall be payable by Tenant to
      Landlord within ten (10) days of demand therefor by Landlord. Upon the
      expiration or termination of this Lease or the termination of Tenant’s right to
      occupy the Premises by Tenant, Landlord shall have the right to reenter and
      resume possession of the Premises. No act or thing done by Landlord or any
      of
      Landlord’s agents during the Lease Term shall be deemed an acceptance of a
      surrender of the Premises, and no agreement to accept a surrender of the
      Premises shall be valid unless the same be made in writing and executed by
      Landlord. Tenant shall notify Landlord at least fifteen (15) days prior to
      vacating the Premises and shall arrange to meet with Landlord for a joint
      inspection of the Premises. If Tenant fails to give such notice or to arrange
      for such inspection, then Landlord’s inspection of the Premises shall be deemed
      correct for the purpose of determining Tenant’s responsibility for repair and
      restoration of the Premises.

    

    6.  
UTILITIES
      AND SERVICE.

    

    6.1  Utilities.  
      Except
      to
      the extent directly contracted for by Tenant, Landlord shall furnish or cause
      to
      be furnished to the Premises between 7:00 a.m. and 7:00 p.m. Monday through
      Friday and between 8:00 a.m. and 1:00 p.m. on Saturdays, exclusive of all
      holidays, subject to any rules and regulations of the Building, water and sewer
      services suitable for Tenant’s intended use of the Premises, electricity as set
      forth in Section 6.2 hereof, heat and air conditioning required in Landlord’s
      reasonable judgment for the comfortable use and occupancy of the Premises.
      As
      used in this Section 6.1, the term “holiday” shall mean New Year’s Day, Memorial
      Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day. Landlord
      shall provide lighting facilities for the common entries, hallways, stairways,
      and restroom facilities in the Building. Tenant will install and pay for its
      own
      telephone service.

    

    6.2  Electrical
      Services.  
      Landlord,
      at Landlord’s sole cost and expense, shall cause to be furnished to the
      Premises, a total of six (6) watts per square foot of rentable area of
      electrical capacity, three (3) of such watts for low voltage electrical
      consumption (120/208 volts) for convenience outlets, and three (3) of such
      watts
      for lighting and high voltage electrical consumption (277/480 volts) (each
      such
      rated electrical design load to be hereinafter referred to as the “Building
      standard rated electrical design load”). Tenant shall be allocated Tenant’s pro
      rata share of the Building standard circuits provided on the floor(s) Tenant
      occupies.

    

    Should
      Tenant’s fully connected electrical design load exceed the Building standard
      rated electrical design load for either low or high voltage electrical
      consumption, or if Tenant’s electrical design requires low voltage or high
      voltage circuits in excess of Tenant’s share of the Building standard circuits,
      Tenant shall be responsible for complying with any of Landlord’s requirements in
      connection therewith, including, without limitation, installing (at Tenant’s
      expense) one (1) additional high voltage panel and/or one (1) additional low
      voltage panel with associated transformer (which additional panels and
      transformers shall be hereinafter referred to as the “additional electrical
      equipment”). If the additional electrical equipment is installed because
      Tenant’s low or high voltage rated electrical design load exceeds the applicable
      Building standard rated electrical design load, then a meter may also be added
      at Landlord’s option (at Tenant’s expense) to measure the electricity used
      through the additional electrical equipment.

    

    The
      design and installation of any additional electrical equipment (or related
      meter) required by Tenant shall be subject to the prior approval of Landlord
      (which approval shall not be unreasonably withheld). All expenses incurred
      by
      Landlord in connection with the review and approval of any additional electrical
      equipment shall also be reimbursed to Landlord by Tenant. Tenant shall also
      pay
      on demand the actual metered cost of electricity consumed through the additional
      electrical equipment (if applicable), plus any actual accounting expenses
      incurred by Landlord in connection with the metering thereof.

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    If
      any of
      Tenant’s electrical equipment requires conditioned air in excess of Building
      standard air conditioning, Tenant shall pay all design, installation, metering
      and operating costs relating thereto, all of which shall be subject to
      Landlord’s prior approval.

    

    If
      Tenant
      requires that certain areas within the Premises must operate in excess of the
      normal Building operating hours set forth above, at Landlord’s option the
      electrical service to such areas may be separately circuited and metered such
      that Tenant shall be billed the costs associated with electricity consumed
      during hours other than Building operating hours.

    

    6.3  Janitorial
      Services.  
      Landlord
      shall furnish Tenant janitorial service five (5) days per week, exclusive of
      holidays (as defined in Section 6.1 herein), in a manner that Landlord
      reasonably deems to be consistent with the standard of the Building; provided,
      however, if Tenant’s floor coverings or other improvements require special care,
      Tenant shall pay the additional cleaning cost attributable thereto.

    

    6.4  Cessation
      of Services. 
      Landlord
      shall not be held liable for any damage or injury suffered by Tenant or by
      any
      of Tenant’s licensees, agents, invitees, servants, employees, contractors, or
      subcontractors or any other person or entity engaged, invited, or allowed to
      come onto the Premises by Tenant (herein collectively called “Tenant Parties”),
      resulting directly, indirectly, proximately, or remotely from the installation,
      use, or interruption of any service to the Premises or Building, including,
      but
      not limited to, temporary failure to supply any heating, air conditioning,
      electrical, water, or sewer services, or other utilities, or any of them nor
      shall such failure be construed as an eviction of Tenant. No temporary failure
      to provide services shall relieve Tenant from fulfillment of any covenant of
      this Lease, including, without limitation, the covenant to pay any Rent in
      the
      manner and amounts, and promptly at the times set forth herein.

    

    7.  
REPAIR
      AND MAINTENANCE. 

    

    7.1   Landlord’s
      Repairs. 
      Landlord
      shall keep the roof, foundation, exterior walls, structural and load bearing
      walls, common areas, heating, air conditioning, mechanical and electrical
      systems, and all sewer and utility lines of the Building including, but not
      limited to, all sewer connections, plumbing, heating appliances, wiring, and
      glass, in good order and repair, shall furnish Tenant all Building standard
      florescent bulb replacement in all areas and all incandescent bulb replacement
      in the common areas and service areas within the Building. Notwithstanding
      anything to the contrary contained herein and except as otherwise provided
      in
      the preceding sentence, Landlord shall have no obligation to maintain, replace,
      or repair any other improvements located within the Premises, the maintenance
      of
      which is and shall be the responsibility of Tenant. Notwithstanding the
      obligation of Landlord under this Section 7.1, Tenant shall be responsible
      for
      the cost of any and all damage arising from the negligence or willful misconduct
      of Tenant or any of the Tenant Parties. Landlord shall have no obligation to
      make any repairs unless and until Tenant notifies Landlord in writing of the
      necessity thereof, in which event Landlord shall have reasonable time in which
      to make such repairs; however, Tenant may notify Landlord verbally of any minor,
      routine or day-to-day repairs which need to be made.

    

    7.2  Tenant’s
      Repair. 
      Subject
      to Landlord’s obligation to provide janitorial services, Tenant shall keep the
      Premises free from all litter, dirt, debris, and obstructions and in a clean
      and
      sanitary condition. Except as otherwise provided in the first sentence of
      Section 7.1 hereof, Tenant shall maintain, replace, and repair all improvements
      located within the Premises, including, but not limited to, finishes, wall
      coverings, carpets, floor coverings, utility lines, sewer connections, plumbing,
      wiring and glass in such a manner so that the Premises are maintained in good
      condition and suitable for Tenant’s intended commercial purpose. At the
      expiration or other termination of this Lease, Tenant shall surrender the
      Premises (and keys thereto) in as good condition as when received, loss by
      fire
      or other casualty not the result of any act or omission by Tenant, or ordinary
      wear and tear only excepted.

    

    8.  
FORCE
      MAJEURE. 
      In
      the
      event that either party hereto shall be delayed or hindered in or prevented
      from
      the performance of any act required hereunder by reason of strikes, lockouts,
      labor troubles, inability to procure materials, failure of power, restrictive
      government laws or regulations, riots, insurrection, war, or other reason of
      a
      like nature other than finance, which is not the fault of the party delayed
      in
      performing work or doing 

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    acts
      required under the terms of this Lease, then performance of such act shall
      be
      excused for the period of the delay and the period for the performance of any
      such act shall be extended for a period equivalent to the period of the delay.
      The provisions of this Section 8 shall not cancel, postpone, or delay the due
      date of any payment to be made by Tenant hereunder, nor operate to excuse Tenant
      from prompt payment of any Rent required by the terms of this
      Lease.

    

    9.  
PROPERTY
      AND LIABILITY INSURANCE. 

    

    9.1  
Landlord’s
      Insurance.  
      Throughout
      the Lease Term, Landlord will insure the Building, excluding foundations and
      excavations, the Building standard leasehold improvements, and the machinery,
      boilers, and equipment contained therein owned by Landlord, excluding any
      property Tenant is obliged to insure under Section 9.3 below, against damage
      by
      fire and the perils insured in the standard extended coverage endorsement,
      subject to Section 3. Landlord shall also, throughout the Lease Term, carry
      commercial general liability insurance with respect to the ownership and
      operation of the Building. The insurance required to be obtained by Landlord
      may
      be obtained by Landlord through blanket or master policies insuring other
      entities or properties owned or controlled by Landlord. 

    

    9.2  Compliance
      with Insurance Regulations; Covenants. 
      Tenant
      shall comply with all insurance regulations so the lowest fire, extended
      coverage, and liability insurance rates available for use of the Building as
      normal office space may be obtained by Landlord and will not use or keep any
      substance or material in or about the Premises which may vitiate or endanger
      the
      validity of insurance on the Building, increase the hazard or the risk beyond
      that for a normal office building, or result in an increase in premium on the
      insurance on the Building. If any insurance policy upon the Premises or the
      Building or any part thereof shall be canceled or shall be threatened by the
      insurer to be canceled, the coverage thereunder reduced or threatened to be
      reduced, or the premium therefor increased or threatened to be increased in
      any
      way by the insurer by reason of the use and occupation of the Premises by Tenant
      or by any assignee or subtenant of Tenant and if Tenant fails to remedy the
      condition giving rise to the cancellation, reduction, or premium increase or
      threat thereof within twenty-four (24) hours after notice thereof by Landlord,
      Landlord may, at its option, do any one of the following:

    

    9.2.1  Declare
      a
      default by Tenant, and thereupon the provisions of Section 12 shall apply;
      or

    

    9.2.2  Enter
      upon the Premises and remedy the condition giving rise to the cancellation,
      reduction, or premium increase or threat thereof, and in such event, Tenant
      shall forthwith pay the cost thereof to Landlord as additional rent; and if
      Tenant fails to pay such cost, Landlord may declare a default by Tenant and
      thereupon the provisions of Section 12 shall apply, and Landlord shall not
      be
      liable for any damage or injury caused to any property of Tenant or of others
      located on the Premises as a result of the entry; or

    

    9.2.3  If
      the
      sole action taken by the insurer is to raise the premium or other monetary
      cost
      of the insurance, demand payment from Tenant of the premium or other cost as
      additional rent hereunder, and if Tenant fails to pay the increase to Landlord
      within ten (10) days of demand by Landlord, Landlord may declare a default
      by
      Tenant and thereupon the provisions of Section 12 shall apply. Tenant
      acknowledges that it has no right to receive any proceeds from any insurance
      policies carried by Landlord and that such insurance will be for the sole
      benefit of Landlord with no coverage for Tenant for any risk insured
      against.

    

    9.3  Tenant’s
      Insurance.  
      Tenant
      shall, during its occupancy of the Premises and during the entire Lease Term,
      at
      its sole cost and expense, obtain, maintain, and keep in full force and effect,
      and with Tenant, Landlord, and Landlord’s mortgagees named as additional
      insureds therein as their respective interests may appear, the following types
      and kinds of insurance:

    

    9.3.1  Upon
      property of every description and kind owned by Tenant and located in the
      Building or for which Tenant is legally liable or which was installed by or
      on
      behalf of Tenant, including, without limitation, furniture, fittings,
      installations, alterations, additions, partitions, and fixtures, against all
      risk of loss in an amount not less than one hundred percent (100%) of the full
      replacement cost thereof;

    

    9.3.2  Commercial
      general liability insurance in an amount not less than $1,000,000.00 for any
      one
      occurrence or such higher limits as Landlord may reasonably require from time
      to
      time; the insurance shall include coverage against liability for bodily injuries
      or property damage arising out of the use by or on behalf of Tenant of owned,
      non-owned, or hired automobiles and other vehicles for a limit not less than
      that specified above; and shall also include coverage for “Fire Legal” liability
      with respect to the Premises in an amount not less than $100,000.00 or such
      higher limits as Landlord may reasonably require from time to time;

    

    
      
        
        

      

      
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    9.3.3  Workers’
      compensation insurance in the amount required by law to protect Tenant’s
      employees; 

    

    9.3.4  Business
      income or interruption insurance for one hundred percent (100%) of Tenant’s
      gross revenues from the Premises for a period of twelve (12) months;
      and

    

    9.3.5  Any
      other
      form or forms of insurance that Landlord may reasonably require from time to
      time, in form, in amounts, and for insurance risks against which a prudent
      tenant would protect itself. 

    

    9.4  Policy
      Requirements.  
      All
      insurance policies shall be taken out with companies acceptable to Landlord
      licensed and registered to operate in the State of Georgia and in form
      reasonably satisfactory to Landlord. The insurance may be by blanket insurance
      policy or policies. Prior to the Commencement Date, Tenant shall deliver
      certificates evidencing the insurance policies and any endorsement, rider,
      or
      renewal thereof, to Landlord. Certificates evidencing renewals shall be
      delivered to Landlord no later than fifteen (15) days after each renewal, as
      often as renewal occurs, and in no event less than fifteen (15) days prior
      to
      the date on which the policy would otherwise expire. All insurance policies
      shall require the insurer to notify Landlord and Landlord’s mortgagees in
      writing thirty (30) days prior to any material change, cancellation, or
      termination thereof. In the event that Tenant fails to take out or maintain
      any
      policy required by this Section 9 to be maintained by Tenant, such failure
      shall
      be a defense to any claim asserted by Tenant against Landlord by reason of
      any
      loss sustained by Tenant that would have been covered by such policy,
      notwithstanding that such loss may have been proximately caused solely or
      partially by the negligence or willful misconduct of Landlord or any of
      Landlord’s Related Parties. If Tenant does not procure insurance as required,
      Landlord may, upon advance written notice to Tenant, cause this insurance to
      be
      issued and Tenant shall pay to Landlord the premium for such insurance within
      ten (10) days of Landlord’s demand, plus interest at the past due rate provided
      for in Section 2.2 of this Lease until repaid by Tenant. All policies of
      insurance required to be maintained by Tenant shall specifically make reference
      to the indemnifications by Tenant in favor of Landlord under this Lease.

    

    9.5  Waiver
      of Subrogation.  
      Each
      party hereto waives all rights of recovery, claims, actions or causes of actions
      arising in any manner in its (the “Injured Party’s”) favor and against the other
      party for loss or damage to the Injured Party’s property located within or
      constituting a part or all of the Property, to the extent the loss or damage:
      (a) is covered by the Injured Party’s insurance; or (b) would have been covered
      by the insurance the Injured Party is required to carry under this Lease,
      whichever is greater, regardless of the cause or origin, including the sole,
      contributory, partial, joint, comparative or concurrent negligence of the other
      party. This waiver also applies to each party’s directors, officers, employees,
      shareholders, partners, representatives and agents. All insurance carried by
      either Landlord or Tenant covering the losses and damages described in this
      Section 9.5 shall provide for such waiver of rights of subrogation by the
      Injured Party’s insurance carrier to the maximum extent that the same is
      permitted under the laws and regulations governing the writing of insurance
      within the state in which the Building is located. Both parties hereto are
      obligated to obtain such a waiver and provide evidence to the other party of
      such waiver. The waiver set forth in this Section 9.5 shall be in addition
      to,
      and not in substitution for, any other waivers, indemnities or exclusions of
      liability set forth in this Lease. 

    

    10.          
      ALTERATIONS
      AND IMPROVEMENTS.

    

    10.1  Acceptance
      of Premises.  
      Tenant
      is
      in possession of the Premises and accepts the Premises and the Property in
      their
“AS-IS”, “WHERE-IS” and “WITH ALL FAULTS” condition as of the Commencement Date
      without recourse to Landlord. Except as expressly provided in this Lease,
      Landlord shall have no obligation to furnish, equip or improve the Premises
      or
      the Property. Commencement of this Lease shall be conclusive evidence against
      Tenant that (i) Tenant accepts the Premises and the Property as being suitable
      for its intended purpose and in a good and satisfactory condition, (ii)
      acknowledges that the Premises and the Property comply fully with Landlord’s
      covenants and obligations under this Lease and (iii) waives any defects in
      the
      Premises and its appurtenances and in all other parts of the
      Property.

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    10.2  Improvements
      and Alterations. 
      Tenant
      shall not make any alterations, additions, or improvements in or to the
      Premises, nor install or attach fixtures in or to the Premises, without the
      prior written consent of Landlord, including Landlord’s written approval of
      Tenant’s contractor(s) and of the plans, working drawings and specifications
      relating thereto, including, without limitation, the structural, mechanical,
      electrical, and plumbing drawings or plans. All alterations, additions, or
      improvements made, installed in, or attached to the Premises by Tenant, upon
      the
      consent specified above, shall be made at Tenant’s expense at Tenant’s sole risk
      and in a good and workmanlike manner with labor and materials of such quality
      as
      Landlord may reasonably require, strictly in accordance with the plans and
      specifications approved by Landlord, all applicable codes, laws, ordinances,
      regulations, and other requirements of any appropriate governmental authority,
      and the Declaration or other covenants or restrictions, and prosecuted
      diligently and continuously to completion so as to minimize interference with
      the normal business operations of other tenants in the Building, the performance
      of Landlord’s obligations under this Lease or any mortgage or ground lease
      covering or affecting all or any part of the Building or the Land and any work
      being done by contractors engaged by Landlord with respect to or in connection
      with the Building. Tenant’s architect and engineers must be licensed in the
      State of Georgia and must be insured. Tenant shall have no (and hereby waives
      all) rights to payment or compensation for any such item. Prior to the
      commencement of any such work, Tenant shall deliver to Landlord certificates
      issued by insurance companies licensed and registered to operate in the State
      of
      Georgia evidencing that workers’ compensation insurance and commercial general
      liability insurance, all in amounts satisfactory to Landlord, are in force
      and
      effect and maintained by all contractors and subcontractors engaged by Tenant
      to
      perform the work. Approval by Landlord of any of Tenant’s drawings and plans and
      specifications prepared in connection with any alterations, improvements,
      modifications or additions to the Premises or the Property shall not constitute
      a representation or warranty of Landlord as to the adequacy or sufficiency
      of
      such drawings, plans and specifications, or alterations, improvements,
      modifications or additions to which they relate, for any use, purpose or
      conditions, but such approval shall merely be the consent of Landlord as
      required hereunder. Tenant shall deliver to Landlord a complete copy of the
      “as-built” or final plans and specifications for all alterations or physical
      additions so made in or to the Premises within thirty (30) days of completing
      the work. Tenant shall not place safes, vaults, filing cabinets or systems,
      libraries or other heavy furniture or equipment within the Premises without
      Landlord’s prior written consent. 

    

    10.3  Liens.  
      Tenant
      shall keep the Premises free from all liens, preliminary notices of liens,
      right
      to liens, or claims of liens of contractors, subcontractors, mechanics, or
      materialmen for work done or materials furnished to the Property at the request
      of Tenant. Whenever and so often as any such lien shall attach or claims or
      notices thereof shall be filed against the Property or any part thereof as
      a
      result of work done or materials furnished to the Property at the request of
      Tenant, Tenant shall, within ten (10) days after Tenant has notice of the claim
      or notice of lien, cause it to be discharged of record, which discharge may
      be
      accomplished by payment or by bonding proceedings. If Tenant shall fail to
      cause
      the lien, or such claim or notice thereof, to be discharged within the ten-day
      period, then, in addition to any other right or remedy, Landlord may, but shall
      not be obligated to, discharge it either by paying the amount claimed to be
      due
      or by procuring the discharge of the lien, or claim or notice thereof, by
      deposit or bonding proceedings. Any amount so paid by Landlord and all costs
      and
      expenses, including, without limitation, attorneys’ fees, incurred by Landlord
      in connection therewith shall constitute additional rent payable by Tenant
      under
      this Lease and shall be paid by Tenant in full on demand of Landlord together
      with interest thereon at the rate set forth in Section 2.2 hereof from the
      date
      it was paid by Landlord. Tenant shall not have the authority to subject the
      interest or estate of Landlord to any liens, rights to liens, or claims of
      liens
      for services, materials, supplies, or equipment furnished to Tenant or on behalf
      of Tenant. 

    

    10.4  Title
      to Alterations.  
      All
      alterations, additions, or improvements, including, but not limited to,
      fixtures, partitions, counters, and window and floor coverings, which may be
      made or installed by either of the parties hereto upon the Premises,
      irrespective of the manner of annexation, and irrespective of which party may
      have paid the cost thereof, excepting only movable office furniture and shop
      equipment put in at the expense of Tenant, shall be the property of Landlord,
      and shall remain upon and be surrendered with the Premises as a part thereof
      at
      the expiration or other termination of this Lease, without disturbance,
      molestation, or injury and without compensation, payment, or reimbursement
      therefor. Notwithstanding the foregoing, however, Landlord may elect by
      providing written notice to Tenant at the time Landlord approves same (or if
      Landlord’s approval is not required, at the time Tenant notifies Landlord of
      such installations), that any or all installations made or installed by or
      on
      behalf of Tenant after the Commencement Date be removed at the end of the Lease
      Term, and, if Landlord so elects, it shall be Tenant’s obligation to restore the
      Premises to the condition they were prior to the alterations, additions, or
      improvements, reasonable wear and tear excepted, on or before the expiration
      or
      other termination of this Lease. Such removal and restoration shall be at the
      sole expense of Tenant. Further, notwithstanding anything contained herein
      to
      the contrary except as otherwise provided in Section 9.1 hereof, Landlord shall
      be under no obligation to insure the alterations, additions, or improvements
      or
      anything in the nature of a leasehold improvement made or installed by or on
      behalf of Tenant, the Tenant Parties, or any other person, and such improvements
      shall be located at, on, or within the Premises at the sole risk of
      Tenant.

    

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    10.5  Tenant’s
      Negligence.  
      In
      the
      event Landlord makes any capital investment, major structural repairs or
      improvements in or to the Premises or Building which are required due to the
      negligence or any act or omission of Tenant or any of the Tenant Parties, any
      and all cost and expenses incurred by Landlord in making the capital investment,
      major structural repairs, or improvements shall constitute additional rent
      payable by Tenant under this Lease and shall be paid by Tenant in full on demand
      of Landlord, together with interest thereon from the date of the demand at
      the
      rate set forth in Section 2.2 hereof.

    

    10.6  Compliance
      with Laws.  
      In
      the
      event Landlord, during the Lease Term, shall be required by any governmental
      authority or the order or decree of any court, to repair, alter, remove,
      reconstruct, or improve (herein collectively called “Repairs”) any part of the
      Premises, then the Repairs shall be made by and at the expense of Landlord
      subject to the same being included as a Common Operating Expense under Section
      3.3.8 herein, unless resulting from alterations made by or other reasons
      attributable to, Tenant, and shall not in any way affect the obligations or
      covenants of Tenant herein contained, and Tenant hereby waives all claims for
      damages or abatement of rent because of the Repairs. If the Repairs shall render
      the Premises untenantable and if the Repairs are not substantially completed
      within one hundred eighty (180) days after the date of the notice, requirement,
      order, or decree, either party hereto upon written notice to the other party
      given not later than one hundred ninety (190) days after the date of the notice,
      requirement, order, or decree, may terminate this Lease, in which case rent
      shall be apportioned and paid to the date the Premises were rendered
      untenantable; provided however that where the requirement by a governmental
      authority having jurisdiction to repair, alter, remove, reconstruct, or improve
      any part of the Premises arises out of any act or omission by Tenant, or as
      the
      result of Tenant’s use of the Premises by Tenant, then the Repairs shall be
      effected promptly at the sole cost and expense of Tenant and there shall not,
      in
      any event, be any abatement of rent nor any right of Tenant to terminate this
      Lease whether or not the completion of the Repairs takes more than one hundred
      eighty (180) days.

    

    11.          
      ASSIGNMENT
      OR SUBLETTING.

    

    11.1  Transfers. 
      Tenant
      shall not, by operation of law or otherwise, (a) assign, transfer, mortgage,
      pledge, hypothecate or otherwise encumber this Lease, the Premises or any part
      of or interest in this Lease or the Premises, (b) grant any concession or
      license within the Premises, (c) sublet all or any part of the Premises or
      any
      right or privilege appurtenant to the Premises, or (d) permit any other party
      to
      occupy or use all or any part of the Premises (collectively, a “Transfer”),
      without the prior written consent of Landlord, which shall not be unreasonably
      withheld, conditioned or delayed. This prohibition against a Transfer includes,
      without limitation, (i) any subletting or assignment which would otherwise
      occur
      by operation of law, merger, consolidation, reorganization, transfer or other
      change of Tenant’s corporate or proprietary structure; (ii) an assignment or
      subletting to or by a receiver or trustee in any federal or state bankruptcy,
      insolvency, or other proceedings; (iii) the sale, assignment or transfer of
      all
      or substantially all of the assets of Tenant, with or without specific
      assignment of Lease; (iv) the change in control in a partnership; or (v)
      conversion of Tenant to a limited liability entity. Landlord shall have the
      right to make such investigations as it deems reasonable and necessary in
      determining the acceptability of the proposed assignee or subtenant. Such
      investigations may include inquiries into the financial background, business
      history, capability of the proposed assignee or subtenant in its line of
      business, and the quality of its operations. Under no circumstances shall
      Landlord be obligated to consent to the assignment of this Lease or the
      subletting of the Premises to any entity whose operations violate the
      Declaration. Tenant shall provide to Landlord such information as Landlord
      may
      reasonably require to enable it to determine the acceptability of the proposed
      assignee or subtenant, including information concerning all of the foregoing
      matters, and Landlord shall have no obligation to consent to any assignment
      or
      subletting unless it has received from Tenant, at no cost or expense to
      Landlord, the most recent audited financial statements of the proposed assignee
      or subtenant, a copy of the proposed sublease or assignment agreement, to be
      followed by a copy of the fully executed document, and such other information
      as
      Landlord reasonably requires. For purposes of this Section 11, an assignment,
      transfer or sale of stock or other ownership interests in Tenant shall be deemed
      an assignment within the meaning of and shall be governed by this Section.
      No
      assignment or subletting, be it with or without the consent of Landlord, shall
      release Tenant from its obligations under this Lease nor shall Tenant permit
      this Lease or any interest herein or in the tenancy hereby created to become
      vested in or owned by any other person, firm, or corporation by operation of
      law

     

    
      
        
        

      

      
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    or
      otherwise. The power of Landlord to give or withhold its consent to any
      assignment or subletting shall not be exhausted by the exercise thereof on
      one
      or more occasions, but shall be a continuing right and power with respect to
      any
      type of transfer, assignment or subletting. Within ten (10) business days of
      Landlord’s receipt of all requested information, Landlord shall notify Tenant in
      writing that either (i) such assignment or sublease is approved, (ii) such
      assignment or sublease is not approved, or (iii) that Landlord has elected
      to
      terminate the Lease with respect to that portion of the Premises to be assigned
      or subleased and the effective date of such termination, whereupon Tenant shall
      vacate and surrender that portion of the Premises so terminated.

    

    11.2  Permitted
      Transfers. 
      Notwithstanding
      any provision to the contrary, Tenant may assign this Lease or sublet the
      Premises without Landlord’s consent and without causing a Transfer to occur, (a)
      to any corporation or other entity that controls, is controlled by or is under
      common control with Tenant; (b) to any corporation or other entity resulting
      from a merger, acquisition, consolidation or reorganization of or with Tenant;
      (c) in connection with the sale of all or substantially all of the assets of
      Tenant, so long as Tenant provides evidence to Landlord in writing that such
      assignment or sublease complies with the criteria set forth in (a), (b) or
      (c)
      above and provided the following conditions are met: (i) the net worth of the
      transferee is equal to or greater than the greater of Tenant’s net worth on the
      date of this Lease and Tenant’s net worth immediately prior to the effective
      date of the transfer, (ii) if Tenant remains in existence as a separate legal
      entity following the transfer, it shall not be released from liability under
      this Lease, (iii) the transferee shall assume in a writing delivered to Landlord
      all of Tenant’s obligations under the Lease effective upon the consummation of
      the transfer, and (iv) Tenant shall give written notice to Landlord of the
      proposed transfer at least fifteen (15) days in advance of the consummation
      thereof.

    

    11.3  No
      Release of Tenant. 
      If
      Tenant
      shall assign this Lease or sublet the Premises in any way not authorized by
      the
      terms hereof, the acceptance by Landlord of any Rent from any person claiming
      as
      assignee, subtenant, or otherwise shall not be construed as a recognition of
      or
      consent to the assignment or subletting or as a waiver of the right of Landlord
      thereafter to collect any rent from Tenant, it being agreed that Landlord may
      at
      any time accept any Rent under this Lease from any person offering to pay it
      without thereby acknowledging the person so paying as a Tenant in place of
      Tenant herein named, and without releasing Tenant from the obligations of this
      Lease, and without recognizing the claims under which such person offers to
      pay
      any Rent, but it shall be taken to be a payment on account by Tenant. While
      the
      Premises or any part thereof are subject to a Transfer, Landlord may collect
      directly from such transferee all rents or other sums relating to the Premises
      becoming due to Tenant or Landlord and apply such rents and other sums against
      the Rent and any other sums payable hereunder. If the aggregate rental, bonus
      or
      other consideration paid by a transferee for any such space exceeds the sum
      of
      (a) Tenant’s Rent to be paid to Landlord for such space during such period and
      (b) Tenant’s costs and expenses actually incurred in connection with such
      Transfer, including reasonable brokerage fees, reasonable costs of finishing
      or
      renovating the space affected and reasonable cash rental concessions, which
      costs and expenses are to be amortized over the term of the Transfer, then
      such
      excess shall be paid to Landlord within fifteen (15) days after such amount
      is
      earned by Tenant. Such overage amounts in the case of a sublease shall be
      calculated and adjusted (if necessary) on a Lease Year (or partial Lease Year)
      basis, and there shall be no cumulative adjustment for the Term. Landlord shall
      have the right to audit Tenant’s books and records relating to the Transfer.
      Tenant authorizes its transferees to make payments of rent and any other sums
      due and payable, directly to Landlord upon receipt of notice from Landlord
      to do
      so. Any attempted Transfer by Tenant in violation of the terms and covenants
      of
      this Section 11 shall be void and shall constitute a default by Tenant under
      this Lease. In the event that Tenant requests that Landlord consider a sublease
      or assignment hereunder, Tenant shall pay (i) Landlord’s reasonable fees, not to
      exceed Five Hundred and 00/100 Dollars ($500.00) per transaction, incurred
      in
      connection with the consideration of such request, and (ii) all attorneys’ fees
      and costs incurred by Landlord in connection with the consideration of such
      request or such sublease or assignment.

    

    11.4  Assignment
      of Options. 
      In
      the
      event of an assignment of this Lease, any option or similar right of Tenant
      hereunder, including without limitation, any option to extend or renew, option
      to expand, first offer or first refusal right, or first right to lease, may
      be
      assigned to such successor tenant; however, in the event of a sublease of more
      than fifty percent (50%) in the aggregate of the Premises, all options granted
      to Tenant hereunder shall henceforth become null and void and Tenant shall
      have
      no further rights thereto or therein; provided, however, if such sublease
      expires or terminates prior to the end of the Lease Term and Tenant re-occupies
      the entire Premises after the subtenant vacates the portion of the Premises
      subleased and continues to operate within the Premises, then all such options
      shall thereafter be exercisable by Tenant in accordance with their
      terms.

    

    
      
        
        

      

      
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    11.5  Assignment
      by Landlord.  
      Landlord
      shall have the right at any time to sell, transfer or assign, in whole or in
      part, by operation of law or otherwise, its rights, benefits, privileges,
      duties, obligations or interests in this Lease or in the Premises, the Building,
      the Land, the Property and all other property referred to herein, without the
      prior consent of Tenant, and such sale, transfer or assignment shall be binding
      on Tenant. After such sale, transfer or assignment, Tenant shall attorn to
      such
      purchaser, transferee or assignee, and Landlord shall be released from all
      liability and obligations under this Lease accruing after the effective date
      of
      such sale, transfer or assignment.

    

    12.         
      DEFAULTS.

    

    12.1  Default
      by Tenant.  
      The
      occurrence of any one or more of the following events shall constitute a default
      by Tenant under this Lease:

    

    (a) Tenant
      shall fail to pay to Landlord any Rent or any other monetary charge due from
      Tenant hereunder as and when due and payable;

    

    (b) Tenant
      breaches or fails to comply with any term, provisions, conditions or covenant
      of
      this Lease, other than as described in Section 12.1(a), or with any of the
      Building rules and regulations now or hereafter established to govern the
      operation of the Property;

    

    (c) A
      Transfer shall occur, without the prior written approval of
      Landlord;

    

    (d) The
      interest of Tenant under this Lease shall be levied on under execution or other
      legal process;

    

    (e) Any
      petition in bankruptcy or other insolvency proceedings shall be filed by or
      against Tenant, or any petition shall be filed or other action taken to declare
      Tenant a bankrupt or to delay, reduce or modify Tenant’s debts or obligations or
      to reorganize or modify Tenant’s capital structure or indebtedness or to appoint
      a trustee, receiver or liquidator of Tenant or of any property of Tenant, or
      any
      proceeding or other action shall be commenced or taken by any governmental
      authority for the dissolution or liquidation of Tenant and, within thirty (30)
      days thereafter, Tenant fails to secure a discharge thereof;

    

    (f) Tenant
      shall become insolvent, or Tenant shall make an assignment for the benefit
      of
      creditors, or Tenant shall make a transfer in fraud of creditors, or a receiver
      or trustee shall be appointed for Tenant or any of its properties;

    

    (g) Tenant
      shall desert, abandon or vacate the Premises or any substantial portion thereof
      and ceases paying Rent hereunder or fails to operate its business in the
      Premises for any reason other than destruction or condemnation of the Premises;
      or

    

    (h) Tenant
      shall do or permit to be done anything which creates a lien upon the Premises
      or
      the Property.

    

    12.2  Landlord’s
      Remedies.  
      Upon
      occurrence of any default by Tenant under this Lease and (i) if the event of
      default described in Section 12.1(a) is not cured within five (5) days of when
      such Rent or other charge is due; or (ii) the events described in Sections
      12.1
      (b), (d), (f) and (g) are not cured within thirty (30) days after written notice
      from Landlord of such default (there being no notice and cure period for events
      of defaults described in Sections 12.1 (c), (e) and (h) except as otherwise
      set
      forth herein), the Landlord shall have the option to do and perform any one
      or
      more of the following in addition to, and not in limitation of, any other remedy
      or right permitted it by law or in equity by this Lease:

    

    12.2.1  Continue
      this Lease in full force and effect, and this Lease shall continue in full
      force
      and effect as long as Landlord does not terminate this Lease, and Landlord
      shall
      have the right to collect Rent, additional rent and other charges when
      due.

    

    12.2.2  Terminate
      this Lease, in which event Tenant shall surrender the Premises to Landlord
      immediately upon expiration of ten (10) days from the date of the service upon
      Tenant of written notice to that effect, without any further notice or demand.
      In the event Landlord shall become entitled to the possession of 

     

    
      
        
        

      

      
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    the
      Premises by any termination of this Lease herein provided, and Tenant shall
      refuse to surrender or deliver up possession of the Premises after the service
      of such notice, then Landlord may, without further notice or demand, enter
      into
      and upon the Premises, or any part thereof, and take possession of and repossess
      the Premises as Landlord’s former estate, and expel, remove, and put out of
      possession Tenant and its effects, using such help, assistance and force in
      so
      doing as may be needful and proper, without being liable for prosecution or
      damages therefor or guilty of trespass, and without prejudice to any remedy
      allowed by law available in such cases. Tenant shall indemnify Landlord for
      all
      loss, cost, expense, and damage which Landlord may suffer by reason of the
      termination, whether through inability to relet the Premises, or through
      decrease in rent or otherwise. In the event of such termination, Landlord may,
      at its option, recover forthwith as liquidated damages, and not as a forfeiture
      or penalty, a sum of money equal to the total of (a) the cost of recovering
      the
      Premises, including, without limitation, attorneys’ fees and cost of suit, (b)
      the unpaid Rent and other sums accrued hereunder at the date of termination,
      plus late charges and interest thereon at the rate specified in Section 2.2
      hereof, (c) the present value (discounted at the rate of 8% per annum) of the
      balance of the Rent for the remainder of the Lease Term, including any amounts
      treated as additional rent hereunder, less the present value (discounted at
      the
      same rate) of the fair market rental value of the Premises for said period,
      taking into account the cost, time, expenses and other factors necessary to
      obtain a replacement tenant or tenants, including expenses relating to the
      recovery of the Premises, preparation for reletting and reletting itself, (d)
      the cost of reletting the Premises including, without limitation, the cost
      of
      restoring the Premises to the condition necessary to rent the Premises at the
      prevailing market rental rate, normal wear and tear excepted, (e) any increase
      in insurance premiums caused by the vacancy of the Premises, (f) the amount
      of
      any unamortized improvements to the Premises paid for by Landlord, (g) the
      amount of any unamortized brokerage commission or other costs paid by Landlord
      in connection with the leasing of the Premises, and (h) any other sum of money
      and damages owed by Tenant to Landlord. 

    

    12.2.3  Terminate
      Tenant’s right of occupancy or possession, retake possession of the Premises by
      entry, forcible entry or detainer suit or otherwise, without demand or notice
      of
      any kind to Tenant and without terminating this Lease, without acceptance of
      surrender of possession of the Premises, and without becoming liable for damages
      or guilty of trespass, in which event Landlord may, but shall be under no
      obligation to rent the Premises, or any part thereof, for such term or terms
      and
      for such rent and upon such conditions as Landlord may, in its sole discretion,
      deem advisable, making such changes, improvements, alterations, and repairs
      to
      the Premises as may be required. All rent received by Landlord from any
      reletting shall be applied first to the payment of any indebtedness other than
      rent due hereunder from Tenant; second, to the payment of any costs and expenses
      of the reletting, including but not limited to brokerage fees, attorneys’ fees
      and costs of such changes, improvements, alterations, and repairs; third, to
      the
      payment of rent due and unpaid hereunder; and the residue, if any, shall be
      held
      by Landlord and applied in payment of future rent or damage as they may become
      due and payable hereunder. If the rent received from the reletting during the
      Lease Term is at any time insufficient to cover the costs, expenses, and
      payments enumerated above, Tenant shall pay any deficiency to Landlord, as
      often
      as it shall arise, on demand. Tenant shall be liable for and shall pay to
      Landlord all Rent payable by Tenant under this Lease (plus interest at the
      past
      due rate provided in Section 2.2 of this Lease if in arrears) plus an amount
      equal to (a) the cost of recovering possession of the Premises, (b) the cost
      of
      removing and storing any of Tenant’s or any other occupant’s property left on
      the Premises or the Building after reentry, (c) the cost of decorations,
      repairs, changes, alterations and additions to the Premises and the Building,
      (d) the cost of any attempted reletting or reletting and the collection of
      the
      rent accruing from such reletting, (e) the cost of any brokerage fees or
      commissions payable by Landlord in connection with any reletting or attempted
      reletting, (f) any other costs incurred by Landlord in connection with any
      such
      reletting or attempted reletting, (g) the cost of any increase in insurance
      premiums caused by the termination of possession of the Premises, (h) the amount
      of any unamortized improvements to the Premises paid for by Landlord, (i) the
      amount of any unamortized brokerage commissions or other costs paid by Landlord
      in connection with the leasing of the Premises and (j) any other sum of money
      or
      damages owed by Tenant to Landlord at law, in equity or hereunder, all reduced
      by any sums received by Landlord through any reletting of the Premises;
      provided, however, that in no event shall Tenant be entitled to any excess
      of
      any sums obtained by reletting over and above Rent provided in this Lease to
      be
      paid by Tenant to Landlord. Landlord may file suit to recover any sums falling
      due under the terms of this Section 12.2.3 from time to time, and no delivery
      to
      or recovery by Landlord of any portion due Landlord hereunder shall be any
      defense in any action to recover any amount not theretofore reduced to judgment
      in favor of Landlord. No reletting shall be construed as an election on the
      part
      of Landlord to terminate this Lease unless a written notice of such intention
      is
      given to Tenant by Landlord. Notwithstanding any such reletting without
      termination, Landlord may at any time thereafter elect to terminate this Lease
      for such previous default and/or exercise its rights under Section 12.2.2 of
      this Lease.

    

    
      
        
        

      

      
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    12.2.4  Enter
      upon the Premises and do whatever Tenant is obligated to do under the terms
      of
      this Lease; and Tenant agrees to reimburse Landlord on demand for any expenses
      which Landlord may incur in effecting compliance with Tenant’s obligations under
      this Lease plus fifteen percent (15 %) of such cost to cover overhead plus
      interest at the past due rate provided in this Lease, and Tenant further agrees
      that Landlord shall not be liable for any damages resulting to Tenant from
      such
      action. No action taken by Landlord under this Section 12.2.4 shall relieve
      Tenant from any of its obligations under this Lease or from any consequences
      or
      liabilities arising from the failure to perform such obligations.

    

    12.2.5  Intentionally
      Omitted.

    

    12.2.6  Change
      all door locks and other security devices of Tenant at the Premises and/or
      the
      Property to the extent permitted by applicable law, and Landlord shall not
      be
      required to provide the new key to the Tenant except during Tenant’s regular
      business hours, and only upon the condition that Tenant has cured any and all
      defaults hereunder and in the case where Tenant owes Rent to the Landlord,
      reimbursed Landlord for all Rent and other sums due Landlord hereunder.
      Landlord, on terms and conditions satisfactory to Landlord in its sole
      discretion, may upon request from Tenant’s employees, enter the Premises for the
      purpose of retrieving therefrom personal property of such employees, provided,
      Landlord shall have no obligation to do so.

    

    12.2.7  Recover
      any and all costs incurred by Landlord resulting directly, indirectly,
      proximately, or remotely from the default, including but not limited to
      reasonable attorneys’ fees.

    

    12.2.8  Exercise
      any and all other remedies available to Landlord in this Lease, at law or in
      equity.

    

    12.3  Abandonment
      of Personal Property.  
      In
      addition to any other rights which Landlord may have, Landlord, in person or
      by
      agent, may enter upon the Premises and take possession of all or any part of
      Tenant’s property in the Premises, and may sell all or any part of such property
      at a public or private sale, in one or successive sales, with or without notice,
      to the highest bidder for cash, and, on behalf of Tenant, sell and convey all
      or
      part of the property to the highest bidder, delivering to the highest bidder
      all
      of Tenant’s title and interest in the property sold to him. The proceeds of the
      sale of the property shall be applied by Landlord toward the reasonable costs
      and expenses of the sale, including, without limitation, attorneys’ fees, and
      then toward the payment of all sums then due by Tenant to Landlord under the
      terms of this Lease. Any excess remaining shall be paid to Tenant or any other
      person entitled thereto by law. 

    

    12.4  Reentry.  
      If
      Tenant
      fails to allow Landlord to reenter and repossess the Premises, Landlord shall
      have full and free license to enter into and upon the Premises with or without
      process of law for the purpose of repossessing the Premises, expelling or
      removing Tenant and any others who may be occupying or otherwise within the
      Premises, removing any and all property therefrom and changing all door locks
      of
      the Premises. Landlord may take these actions without being deemed in any manner
      guilty of trespass, eviction or forcible entry or detainer, without accepting
      surrender of possession of the Premises by Tenant, and without incurring any
      liability for any damage resulting therefrom, including without limitation
      any
      liability arising under applicable state law and without relinquishing
      Landlord’s right to Rent or any other right given to Landlord hereunder or by
      operation of law or in equity, Tenant hereby waiving any right to claim damage
      for such reentry and expulsion, including without limitation any rights granted
      to Tenant by applicable state law. The provisions of this Section 12 shall
      operate as a notice to quit, and any other notice to quit or notice of
      Landlord’s intention to re-enter the Premises is hereby expressly waived. Tenant
      further waives any right under any present or future law to redeem the Premises
      after entry of a judgment in favor of Landlord.

    

    12.5  Remedies
      Non-Exclusive  
      Pursuit
      of any of the remedies herein provided shall not preclude the pursuit of any
      other remedies herein provided or any other remedies provided at law or in
      equity. Failure by Landlord to enforce one or more of the remedies herein
      provided shall not be deemed or construed to constitute a waiver of any default,
      or any violation or breach of any of the terms, provisions, or covenants herein
      contained.

    

    12.6  Waiver
      of Certain Rights.  
      Tenant
      hereby expressly waives any and all rights Tenant may have under applicable
      state law to its right to recover possession of the Premises or terminate this
      Lease. Tenant hereby waives any and all liens (whether statutory, contractual
      or
      constitutional) it may have or acquire as a result of a breach by Landlord
      under
      this Lease. Tenant also waives and releases any statutory lien and offset rights
      it may have against Landlord, including without limitation the rights conferred
      upon applicable state law.

    

    
      
        
        

      

      
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    12.7  NonWaiver.  
      Failure
      on the part of Landlord to complain of any action or nonaction on the part
      of
      Tenant, no matter how long the same may continue, shall not be deemed to be
      a
      waiver by Landlord of any of its rights under this Lease. Further, it is
      covenanted and agreed that no waiver at any time of any of the provisions hereof
      by Landlord shall be construed as a waiver of any of the other provisions hereof
      and that a waiver at any time of any of the provisions hereof shall not be
      construed as a waiver at any subsequent time of the same provisions. The consent
      or approval by Landlord to or of any action by Tenant requiring Landlord’s
      consent or approval shall not be deemed to waive or render unnecessary
      Landlord’s consent or approval to or of any subsequent similar act by
      Tenant.

    

    13.         
      BANKRUPTCY.  
      The
      filing or preparation for filing by or against Tenant of any petition in
      bankruptcy, insolvency, or for reorganization under the Federal Bankruptcy
      Code,
      any other federal or state law now or hereafter relating to insolvency,
      bankruptcy, or debtor relief, or an adjudication that Tenant is insolvent,
      bankrupt, or an issuance of an order for relief with respect to Tenant under
      the
      Federal Bankruptcy Code, any other federal or state law now or hereafter
      relating to insolvency, bankruptcy, or debtor relief, or the execution by Tenant
      of a voluntary assignment for the benefit of, or a transfer in fraud of, its
      general creditors, or the failure of Tenant to pay its debts as they mature,
      or
      the levying on under execution of the interest of Tenant under this Lease,
      or
      the filing or preparation for filing by Tenant of any petition for a
      reorganization under the Federal Bankruptcy Code, or for the appointment of
      a
      receiver or trustee for a substantial part of Tenant’s assets or to take charge
      of Tenant’s business, or of any other petition or application seeking relief
      under any other federal or state laws now or hereafter relating to insolvency,
      bankruptcy, or debtor relief, or the appointment of a receiver or trustee for
      a
      substantial part of Tenant’s assets or to take charge of Tenant’s business,
      shall automatically constitute a default under this Lease by Tenant for which
      Landlord may, at any time or times thereafter, at its option, exercise any
      of
      the remedies and options provided to Landlord in Section 12 hereof; provided,
      however, that if such petition be filed by a third party against Tenant, and
      Tenant desires in good faith to defend against the petition and is not in any
      way in default of any obligation hereunder at the time of filing the petition,
      and Tenant within ninety (90) days thereafter procures a final adjudication
      that
      it is solvent and a judgment dismissing the petition, then this Lease shall
      be
      fully reinstated as though the petition had never been filed. In the event
      Landlord elects to terminate this Lease as provided for in this Section, Tenant
      shall pay forthwith to Landlord as liquidated damages, the difference between
      the unpaid rent reserved in this Lease at the time of such termination and
      the
      then reasonable rental value of the Premises for the balance of the Lease Term,
      and Tenant acknowledges that said sum is reasonable and shall not be construed
      as a penalty.

    

    14.         
      DAMAGE
      AND CONDEMNATION.

    

    14.1  Casualty.  
      In
      the
      event during the Lease Term the Premises are damaged by fire or other casualty,
      but to such an extent that repairs and rebuilding can reasonably be completed
      within one hundred eighty (180) days from the date Landlord receives the
      applicable insurance proceeds for such repairs and rebuilding, Landlord may,
      at
      Landlord’s option within sixty (60) days of such event, elect to repair and
      rebuild the Premises. If Landlord elects to repair and rebuild the Premises,
      Landlord will notify Tenant of same and this Lease shall remain in full force
      and effect, but Landlord may require Tenant temporarily to vacate the Premises
      while they are being repaired and, subject to the provisions of this Section
      14.1,
      rent
      shall abate during this period to the extent that the Premises are untenantable;
      provided, however, that Landlord shall not be liable to Tenant for any damage
      or
      expense which temporarily vacating the Premises may cause Tenant. If the repairs
      of or restoration to the Premises is not substantially complete (exclusive
      of
      any of Tenant’s property or Tenant’s improvements), or the Premises is not
      otherwise made suitable for occupancy by Tenant, within the aforesaid one
      hundred eighty (180) day period, Tenant shall have the right, by written notice
      to Landlord within ten (10) days of such period, to terminate this Lease, in
      which event rent shall be abated for the unexpired Lease Term, effective as
      of
      the date Tenant vacates the Premises, and the other terms and conditions of
      this
      Lease shall continue and remain in full force and effect until Tenant shall
      have
      vacated the Premises, removed all Tenant’s personal property therefrom and
      delivered peaceable possession thereof to Landlord. If within the aforesaid
      sixty (60) day period Landlord elects not to repair and rebuild the Premises
      or
      if the Building or any part thereof be so damaged that the Premises are
      untenantable and in Landlord’s reasonable opinion, which shall be given to
      Tenant within sixty (60) days of such casualty, the repairs and rebuilding
      cannot be completed within one hundred eighty (180) days from the date Landlord
      receives the applicable insurance proceeds as aforesaid, then within fourteen
      (14) days of Tenant’s receipt of Landlord’s notice 

     

    
      
        
        

      

      
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    that
      such
      rebuilding cannot be completed within one hundred eighty (180) days, Landlord
      or
      Tenant may by seven (7) days’ written notice to the other terminate this Lease
      in which event rent shall be abated for the unexpired Lease Term, effective
      as
      of the date Tenant vacates the Premises, and the other terms and conditions
      of
      this Lease shall continue and remain in full force and effect until Tenant
      shall
      have vacated the Premises, removed all Tenant’s personal property therefrom and
      delivered peaceable possession thereof to Landlord. Failure by Tenant to comply
      with any provision of this Section 14.1 shall subject Tenant to such costs,
      expenses, damages, and losses as Landlord may incur by reason of Tenant’s breach
      hereof. Notwithstanding any provision of this Lease to the contrary, if the
      Premises, the Building, or any part thereof are damaged by fire or other
      casualty caused by or materially contributed to by the negligence or misconduct
      of Tenant or any of the Tenant Parties, Tenant shall be fully responsible,
      to
      the extent not covered by Landlord’s and/or Tenant’s insurance, for repairing,
      restoring, or paying for the damage as Landlord shall direct and this Lease
      shall remain in full force and effect without reduction or abatement of
      rent.

    

    14.2  Condemnation.  
      In
      the
      event the Building shall be taken, in whole or in part, by condemnation or
      the
      exercise of the right of eminent domain, or if in lieu of any formal
      condemnation proceedings or actions, if any, Landlord shall sell and convey
      the
      Premises, or any portion thereof, to the governmental or other public authority,
      agency, body, or public utility, seeking to take the Premises, the Property
      or
      any substantial portion thereof which would materially adversely affect Tenant’s
      use and occupancy of the Building, then Landlord, at its option, may terminate
      this Lease upon ten (10) days’ prior written notice to Tenant and any prepaid
      rent shall be proportionately refunded from the date of possession by the
      condemning authority. Landlord shall notify Tenant of the commencement of any
      such condemnation proceeding within fourteen (14) days of Landlord’s receiving
      notice of the same. All damages awarded for the taking, or paid as the purchase
      price for the sale and conveyance in lieu of formal condemnation proceedings,
      whether for the fee or the leasehold interest, shall belong to and be the
      property of Landlord; provided, however, Tenant shall have the sole right to
      reclaim and recover from the condemning authority, but not from Landlord, such
      compensation as may be separately awarded or recoverable by Tenant in Tenant’s
      own right on account of any and all costs or loss, including loss of business,
      to which Tenant might be put in removing Tenant’s merchandise, furniture,
      fixtures, leasehold improvements, and equipment to a new location so long as
      any
      such separate award does not diminish Landlord’s award. Tenant shall execute and
      deliver any instruments, at the expense of Landlord, that Landlord may deem
      necessary to expedite any condemnation proceedings, to effectuate a proper
      transfer of title to such governmental or other public authority, agency, body
      or public utility seeking to take or acquire the Property and Premises, or
      any
      portion thereof. Tenant shall vacate the Premises, remove all Tenant’s personal
      property therefrom and deliver up peaceable possession thereof to Landlord
      or to
      such other party designated by Landlord in the aforementioned notice. Failure
      by
      Tenant to comply with any provisions of this Section 14.2 shall subject Tenant
      to such costs, expenses, damages, and losses as Landlord may incur by reason
      of
      Tenant’s breach hereof. If Landlord chooses not to terminate this Lease, then to
      the extent and availability of condemnation proceeds received by Landlord and
      subject to the rights of any mortgagee thereto, Landlord shall, at the sole
      cost
      and expense of Landlord and with due diligence and in a good and workmanlike
      manner, restore and reconstruct the Premises (exclusive of any of Tenant’s
      property or Tenant’s improvements) within one hundred eighty (180) days from the
      date Landlord receives the applicable condemnation proceeds, and such
      restoration and reconstruction shall make the Premises reasonably tenantable
      and
      suitable for the general use being made by Tenant prior to the taking; provided,
      however, that Landlord shall have no obligation to restore and reconstruct
      Tenant’s leasehold improvements unless and to the extent that Landlord receives
      an award of condemnation proceeds specifically designated as compensation for
      such improvements. Notwithstanding the foregoing, if Landlord has not
      substantially completed the restoration and reconstruction within one hundred
      eighty (180) days from the date Landlord receives the condemnation proceeds,
      Tenant, in addition to any other rights and remedies Tenant may have, shall
      have
      the right to cancel this Lease. If this Lease continues in effect after the
      physical taking, the rent payable hereunder shall be equitably adjusted both
      during the period of restoration and reconstruction and during the unexpired
      portion of the Lease Term.

    

    15.  TAXES.  
      Landlord
      shall pay all taxes, assessments, and other governmental charges, general or
      special, ordinary or extraordinary, foreseen or unforeseen, including any
      installments thereof, levied, assessed, or otherwise imposed by any lawful
      authority or payable with respect to the Property or the Building (excluding
      any
      Tenant’s property).

    

    
      
        
        

      

      
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    16.          INDEMNIFICATION;
      LIABILITY OF LANDLORD. 

    

    16.1  Hold
      Harmless.  
      Subject
      to Section 9 hereof, Tenant shall indemnify, defend, and hold harmless Landlord,
      and Landlord’s agents, employees, officers, directors, partners, members, and
      shareholders (“Landlord’s Related Parties”) at Tenant’s expense, from and
      against any and all liabilities, judgments, demands, causes of action, claims,
      losses, damages, costs and expenses, including reasonable attorneys’ fees and
      costs, arising out of the use, occupancy, conduct, operation, or management
      of
      the Premises by, or the willful misconduct or negligence of, Tenant, its
      officers, contractors, licensees, agents, servants, employees, guests, invitees,
      or visitors in or about the Building or Premises or arising from any breach
      or
      default under this Lease by Tenant, or arising from any accident, injury, or
      damage, howsoever and by whomsoever caused, to any person or property, occurring
      in or about the Premises. This indemnification shall survive termination or
      expiration of this Lease. Tenant shall not be liable to Landlord, or Landlord’s
      Related Parties for any damage to person or property caused by any act, omission
      or neglect of Landlord, its agents, employees or contractors. Moreover, Landlord
      shall not be liable for any damage, injury, destruction, or theft to or of
      the
      Premises, the personal property of Tenant or any of the Tenant Parties, Tenant,
      or any of the Tenant Parties arising from any use or condition of the Premises,
      or any sidewalks, entrance ways, or parking areas serving the Premises, or
      the
      act or neglect of co-tenants or any other person, or the malfunction of any
      equipment or apparatus serving the Premises, or any loss thereof by mysterious
      disappearance or otherwise. Any and all claims against Landlord for any damage
      referred to in this Section 16.1 are hereby waived and released by Tenant and
      Tenant shall look to its insurance to recover the cost thereof. This provision
      shall not be construed to make Tenant responsible for loss, damage, liability
      or
      expense resulting from injuries to third parties caused by the sole negligence
      or willful misconduct of Landlord, or its officers, contractors, licensees,
      agents, employees, or invitees.

    

    16.2  LIMITATION
      OF LIABILITY.  
      NOTWITHSTANDING
      ANYTHING TO THE CONTRARY IN THIS LEASE, LANDLORD’S LIABILITY IS LIMITED TO, AND
      TENANT EXPRESSLY AGREES TO LOOK SOLELY TO, LANDLORD’S INTEREST IN THE PROPERTY
      FOR PAYMENT OF ANY AMOUNTS PAYABLE UNDER THIS LEASE OR FOR PERFORMANCE OF ANY
      OBLIGATION UNDER THIS LEASE. NONE OF LANDLORD, OR LANDLORD’S RELATED PARTIES
      SHALL EVER BE PERSONALLY LIABLE WITH RESPECT TO THIS LEASE AND TENANT’S
      EXCLUSIVE REMEDIES SHALL BE TO PROCEED AGAINST THE INTEREST OF LANDLORD IN
      AND
      TO THE PROPERTY. THE PROVISION CONTAINED IN THE FOREGOING SENTENCE IS NOT
      INTENDED TO, AND SHALL NOT, LIMIT ANY RIGHT THAT TENANT MIGHT OTHERWISE HAVE
      TO
      OBTAIN INJUNCTIVE RELIEF AGAINST LANDLORD OR LANDLORD’S SUCCESSORS-IN-INTEREST
      OR ANY SUIT OR ACTION IN CONNECTION WITH ENFORCEMENT OR COLLECTION OF AMOUNTS
      WHICH MAY BECOME OWING OR PAYABLE UNDER OR ON ACCOUNT OF INSURANCE MAINTAINED
      BY
      LANDLORD. IN NO EVENT SHALL LANDLORD BE LIABLE TO TENANT, OR ANY INTEREST OF
      LANDLORD IN THE PROPERTY BE SUBJECT TO EXECUTION BY TENANT, FOR ANY INDIRECT,
      SPECIAL, CONSEQUENTIAL OR PUNITIVE DAMAGES. 

    

    17.  RIGHT
      OF ENTRY.  
      Landlord
      reserves the right, for itself, its mortgagees, or their respective agents
      and
      duly authorized representatives, to enter and be upon the Premises at any time
      and from time to time to inspect the Premises and to repair, maintain, alter,
      improve, and remodel same, but Landlord shall use commercially reasonable
      efforts not to materially interfere with Tenant’s normal operation except in
      case of an emergency. Tenant shall not be entitled to any compensation, damages,
      or abatement or reduction in rent on account of any such repairs, maintenance,
      alterations, improvements, or remodeling. Except as otherwise provided in this
      Lease, nothing contained in this Section 17 shall imply any duty on the part
      of
      Landlord to repair, maintain, alter, improve, or remodel. After reasonable
      notice to Tenant, Tenant shall permit Landlord or Landlord’s agents at any
      reasonable hour of the day to enter into or upon and go through and view the
      Premises and to exhibit the Premises to prospective purchasers or, during the
      last twelve (12) months of the Lease Term, to prospective tenants.

    

    18.  BUILDING
      RULES AND REGULATIONS.  
      Landlord
      reserves the right to establish rules and regulations pertaining to the use
      and
      occupancy of the Building, which rules and regulations may be changed by
      Landlord from time to time. Tenant shall comply with any rules and regulations
      established by Landlord under this Section 18.

    

    19.  PROPERTY
      LEFT ON THE PREMISES.  
      Upon
      the
      expiration of this Lease, or if the Premises should be abandoned by Tenant,
      or
      if this Lease should terminate for any cause, or if Tenant should be
      dispossessed 

     

    
      
        
        

      

      
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    after
      default, if at the time of any such expiration, abandonment, termination or
      dispossession, Tenant or its assignees, subtenants, agents, employees,
      contractors, or any other person controlled by Tenant or claiming under Tenant
      should leave any property of any kind or character in or upon the Premises,
      such
      property shall be the property of Landlord and the fact of such leaving of
      property in or upon the Premises shall be conclusive evidence of the intent
      by
      Tenant or such person to abandon such property so left in or upon the Premises,
      and such leaving shall constitute abandonment of the property. It is understood
      and acknowledged by the parties hereto that none of Landlord’s agents or
      employees, have or shall have the actual or apparent authority to waive any
      portion of this Section 19, and neither Tenant nor any other person designated
      above shall have any right to leave any such property upon the Premises beyond
      the time set forth herein without the written consent of Landlord. In addition
      to those rights set forth in Section 12.3 herein, Landlord, its agents or
      attorneys, shall have the right and authority without notice to Tenant or anyone
      else, to remove and destroy, store, sell or otherwise dispose of, such property,
      or any part thereof, without being in any way liable to Tenant or anyone else
      therefor. Tenant shall be liable to Landlord for all reasonable and necessary
      expenses incurred in such removal and destruction, storage, sale or other
      disposition of such property. The said property removed or the proceeds from
      the
      sale or other disposition thereof shall belong to the Landlord as compensation
      for the removal and disposition of said property.

    

    20.         
      OTHER
      INTERESTS.

    

    20.1  Subordination. 
      This
      Lease and Tenant’s interest hereunder shall at all times be subject and
      subordinate to the lien and security title of any deeds to secure debt, deeds
      of
      trust, mortgages, ground or underlying leases, or other interests heretofore
      or
      hereafter granted by Landlord or which otherwise encumber or affect the Property
      and to any and all advances to be made thereunder and to all renewals,
      modifications, consolidations, replacements, substitutions, and extensions
      thereof (each of which is herein called a “Mortgage”). This clause shall be
      self-operative and no further instrument of subordination need be required
      by
      any holder of any Mortgage. In acknowledgment of such subordination, Tenant
      shall, at Landlord’s request, promptly execute, acknowledge, and deliver any
      instrument which may be required to evidence subordination to any Mortgage
      and,
      to the holder thereof, and, in the event of a failure so to do, Landlord may,
      in
      addition to any other remedies for breach of covenant hereunder, execute,
      acknowledge, and deliver the instrument as the agent or attorney-in-fact of
      Tenant, and Tenant hereby irrevocably constitutes Landlord its attorney-in-fact
      for such purpose, Tenant acknowledging that the appointment is coupled with
      an
      interest and is irrevocable. Tenant hereby waives and releases any claim it
      might have against Landlord or any other party for any actions lawfully taken
      by
      the holder of any Mortgage.

    

    20.2  Attornment. 
      In
      the
      event of the enforcement by the holder of any Mortgage, Tenant will, upon
      request of any person or party succeeding to the interest of said holder, as
      a
      result of such enforcement, automatically become the Tenant of such successor
      in
      interest without change in the terms or provisions of this Lease; provided,
      however, that such successor in interest shall not be (a) bound by any
      prepayment by Tenant to Landlord of Base Rent or additional rent or advance
      rent
      for a period of more than one month in advance, and all such rent shall remain
      due and owing notwithstanding such advance payment, (b) bound by any security
      deposit which Tenant may have paid to any prior Landlord, including Landlord,
      unless such deposit is available to the party who was the holder of such
      Mortgage at the time of such enforcement; (c) liable for any act or omission
      of
      any prior Landlord, including Landlord, or be subject to any offsets, defenses
      or termination rights of Tenant; (d) bound by any amendment or modification
      of
      this Lease made without the written consent of such holder; or (e) personally
      liable for monetary damages arising from a breach under the Lease after such
      enforcement, the sole recourse of Tenant against such successor in interest
      on
      account of such breach being limited, to the extent of any judgment obtained
      for
      monetary damages, to such successor in interest’s interest in the Property. Upon
      request by such successor in interest, Tenant shall execute and deliver an
      instrument or instruments confirming the attornment herein provided for in
      a
      form reasonably acceptable to such successor in interest. Notwithstanding
      anything contained in this Lease to the contrary, in the event of any default
      by
      Landlord in performing its covenants or obligations hereunder which would give
      Tenant the right to terminate this Lease, Tenant shall not exercise such right
      unless and until (i) Tenant gives written notice of such default, which notice
      shall specify the exact nature of said default and how the same may be cured,
      to
      any holder(s) of any such Mortgage who has theretofore notified Tenant in
      writing of its interest and the address to which notices are to be sent, and
      (ii) said holder(s) fail to undertake action to cure said default within
      forty-five (45) days from the giving of such notice by Tenant. The provisions
      of
      this Section 20 shall govern the manner and effective date of any notice to
      be
      given by Tenant to any such parties.

    

    21.  HOLDING
      OVER.  
      There
      shall be no renewal, extension, or reinstatement of this Lease by operation
      of
      law. In the event of holding over by Tenant after the expiration or sooner
      termination of this Lease, 

     

    
      
        
        

      

      
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    without
      Landlord’s acquiescence and without any express agreement of the parties, Tenant
      shall be a tenant at sufferance and all of the terms, covenants, and conditions
      of this Lease shall be applicable during that period, except that Tenant shall
      pay Landlord as Base Rent for the first two (2) months of the period of the
      hold
      over an amount equal to one and one-half times the Base Rent which would have
      been payable by Tenant under Section 2.1 hereof, as adjusted in accordance
      with
      Section 3.1 hereof, had the hold-over period been part of the original Lease
      Term, together with all additional rent due hereunder and together with any
      other Rent under this Lease and thereafter, Tenant shall pay two times the
      Base
      Rent which would have been payable by Tenant under Section 2.1 hereof, as
      adjusted in accordance with Section 3.1 hereof, had the hold-over period been
      part of the original Lease Term, together with all additional rent due hereunder
      and together with any other Rent under this Lease. The rent payable by Tenant
      during the holdover period shall be payable to Landlord on demand. If Tenant
      holds over as a tenant at sufferance, Tenant shall vacate and deliver the
      Premises to Landlord upon demand. In the event Tenant fails to surrender the
      Premises to Landlord upon expiration or other termination of this Lease or
      of
      such tenancy at sufferance, then Tenant shall indemnify Landlord against any
      and
      all damages, loss or liability resulting from any delay of Tenant in
      surrendering the Premises, including, but not limited to, any claim for damages
      by or amounts required to be paid to third parties who were to have occupied
      all
      or any part of the Premises effective upon the expiration or termination of
      this
      Lease plus all the losses, costs and expenses, including, without limitation,
      reasonable attorneys’ fees, incurred as a result of such holdover.

    

    22.  HAZARDOUS
      MATERIALS. 

    

    (a) As
      used
      in this Lease, the term “Hazardous Materials” shall mean and include any
      substance that is or contains petroleum, asbestos, polychlorinated biphenyls,
      lead, or any other substance, material or waste which is now or is hereafter
      classified or considered to be hazardous or toxic under any federal, state
      or
      local law, rule, regulation or ordinance relating to pollution or the protection
      or regulation of human health, natural resources or the environment
      (collectively “Environmental Laws”) or poses or threatens to pose a hazard to
      the health or safety of persons on the Premises or any adjacent
      property.

    

    (b) Tenant
      agrees that during its use and occupancy of the Premises it will not permit
      Hazardous Materials to be present on or about the Premises except in a manner
      and quantity necessary for the ordinary performance of Tenant’s business and
      that it will comply with all Environmental Laws relating to the use, storage
      or
      disposal of any such Hazardous Materials.

    

    (c) If
      Tenant’s use of Hazardous Materials on or about the Premises results in a
      release, discharge or disposal of Hazardous Materials on, in, at, under, or
      emanating from, the Premises or the property in which the Premises are located,
      Tenant agrees to investigate, clean up, remove or remediate such Hazardous
      Materials in full compliance with (a) the requirements of (i) all Environmental
      Laws and (ii) any governmental agency or authority responsible for the
      enforcement of any Environmental Laws; and (b) any additional requirements
      of
      Landlord that are reasonably necessary to protect the value of the Premises
      or
      the property in which the Premises are located. Landlord shall also have the
      right, but not the obligation, to take whatever action with respect to any
      such
      Hazardous Materials that it deems reasonably necessary to protect the value
      of
      the Premises or the property in which the Premises are located. All costs and
      expenses paid or incurred by Landlord in the exercise of such right shall be
      payable by Tenant upon demand.

    

    (d) Upon
      reasonable notice to Tenant, Landlord may inspect the Premises for the purpose
      of determining whether there exists on the Premises any Hazardous Materials
      or
      other condition or activity that is in violation of the requirements of this
      Lease or of any Environmental Laws. The right granted to Landlord herein to
      perform inspections shall not create a duty on Landlord’s part to inspect the
      Premises, or liability on the part of Landlord for Tenant’s use, storage or
      disposal of Hazardous Materials, it being understood that Tenant shall be solely
      responsible for all liability in connection therewith.

    

    (e) Tenant
      shall surrender the Premises to Landlord upon the expiration or earlier
      termination of this Lease free of debris, waste or Hazardous Materials placed
      on
      or about the Premises by Tenant or its agents, employees, contractors or
      invitees, and in a condition which complies with all Environmental
      Laws.

    

    (f) Tenant
      agrees to indemnify and hold harmless Landlord from and against any and all
      claims, losses (including, without limitation, loss in value of the Premises
      or
      the property in which the Premises are located), liabilities and expenses
      (including reasonable attorney’s fees) sustained by Landlord attributable to (i)
      any Hazardous Materials placed on or about the Premises by Tenant or its agents,
      employees, contractors or invitees or (ii) Tenant’s breach of any provision of
      this Section.

    

    
      
        
        

      

      
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    (g) The
      provisions of this Section shall survive the expiration or earlier termination
      of this Lease.

    

    23.  NO
      WAIVER.  
      Tenant
      understands and acknowledges that no assent, express or implied, by Landlord
      to
      any breach of any one or more of the terms, covenants or conditions hereof
      shall
      be deemed or taken to be a waiver of any succeeding or other breach, whether
      of
      the same or of any other term, covenant or condition hereof.

    

    24.  BINDING
      EFFECT.  
      All
      terms
      and provisions of this Lease shall be binding upon and apply to the successors,
      permitted assigns, and legal representatives of Landlord and Tenant or any
      person claiming by, through, or under either of them or their agents or
      attorneys, subject always, as to Tenant, to the restrictions contained in
      Section 11 hereof.

    

    25.  RIGHT
      TO RELOCATE.  
      Landlord
      may at its option and upon giving twenty (20) days prior written notice to
      Tenant, substitute for the Premises other premises in the Building (the
“New
      Premises”)
      in
      which event the New Premises shall be deemed to be the Premises for all purposes
      hereunder, provided:

    

    (a)       
      The
      New
      Premises shall be comparable in size and type and quality of tenant finishes;
      and

    

    (b)       
      The
      Base
      Rent and other rentals payable under this Lease shall remain the
      same.

     

    Tenant
      shall accept possession of the New Premises in its “as-is” condition;
provided,
      however,
      Landlord, at Landlord’s expense, shall make reasonable improvements so that the
      New Premises will provide the Tenant with the same standard of quality and
      usefulness as the original Premises (excluding, however, non-standard
      improvements made or paid for by Tenant). In the event of any such relocation
      of
      Tenant, Landlord shall pay for Tenant’s reasonable moving costs as well as the
      reasonable costs of replacing Tenant’s stationery, business cards and the like,
      and the reasonable costs of relocating Tenant’s wiring, cabling and
      telecommunications equipment; provided,
      however,
      Tenant
      shall not be entitled to any compensation for damages for any interference
      with
      or interruption of its business during or resulting from such relocation. If
      such option is validly so exercised by Landlord, Tenant shall continue to occupy
      the present Premises (upon all of the terms, covenants, conditions, provisions
      and agreements of this Lease, including the covenant for the payment of Rent)
      until the date on which Landlord shall have substantially completed said
      alteration work in the New Premises. Tenant shall move from the present Premises
      into the New Premises immediately upon the date of such substantial completion
      by Landlord and shall vacate and surrender possession to Landlord of the present
      Premises on such date and if Tenant continues to occupy the present Premises
      after such date, then thereafter, during the period of such occupancy, Tenant
      shall pay Rent for the present Premises, in addition to the Rent for the New
      Premises. With respect to said alteration work in the New Premises, if Tenant
      requests materials or installations other than those originally installed by
      Landlord, or if Tenant shall make changes in the work (such non-original
      materials or installations for changes being subject to Landlord’s written
      approval), and if such non-original materials or installments or changes shall
      delay the work to be performed by Landlord, or if Tenant shall otherwise delay
      the substantial completion of Landlord’s work, the happening of such delays
      shall in no event postpone the date for the commencement of the payment of
      Rent
      for the New Premises, beyond the date on which such work would have been
      substantially completed but for such delay, and, in addition, Tenant shall
      continue to pay Rent for the original Premises until it vacates and surrenders
      same as aforesaid. Landlord at its discretion may substitute materials of like
      quality for the materials originally utilized.

    

    26.  SIGNS.  
      Tenant
      shall not install, paint, display, inscribe, place, or affix any sign, picture,
      advertisement, notice, lettering, or direction (herein collectively called
      “Signs”) on the exterior of the Premises, the common areas of the Building, the
      interior surface of glass and any other location which could be visible from
      outside of the Premises without first securing written consent from Landlord
      therefor. Any Sign permitted by Landlord shall at all times comply with all
      municipal ordinances or other laws, regulations, deed restrictions, and other
      covenants applicable thereto. Tenant shall remove all Signs at the expiration
      or
      other termination of this Lease, at Tenant’s sole risk and expense, and shall in
      a good and workmanlike manner properly repair any damage caused by the
      installation, existence, or removal of Tenant’s Signs. Landlord hereby
      acknowledges that Tenant’s existing Sign is acceptable.

    

    
      
        
        

      

      
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    27.  DIRECTORY
      BOARD.  
      Tenant
      shall be entitled at Landlord’s expense to have its name shown upon the
      Directory Board of the Building, which Directory Board may be a free standing
      or
      computerized directory board. Landlord shall designate the style of the
      Directory Board as well as the amount of space to be allocated to Tenant, which
      Board shall be located in an area designated by Landlord in the main lobby
      of
      the Building.

    

    28.  ESTOPPEL
      CERTIFICATE.  
      Tenant
      shall, at any time and from time to time, upon not less than ten (10) days’
prior written notice from Landlord, execute, acknowledge, and deliver to
      Landlord and any other persons specified by Landlord, a certificate or
      three-party agreement among Landlord, Tenant, and/or any third party dealing
      with Landlord certifying (a) that this Lease is unmodified and in full force
      and
      effect, or if modified, stating the nature of the modification and certifying
      that this Lease, as so modified, is in full force and effect, (b) the dates
      to
      which the rent and other charges are paid, (c) acknowledging that Tenant is
      paying rent on a current basis with no offsets or claims, (d) that there are
      not, to Tenant’s knowledge, any uncured defaults on the part of Landlord
      hereunder, or specifying the offsets, claims, or defaults, if any are claimed,
      and (e) such other information, including, but not limited to, the most recent,
      financial statements, including a balance sheet and a profit and loss statement,
      reasonably required by Landlord. It is expressly understood and acknowledged
      that any such statement may be relied upon by any prospective purchaser or
      encumbrancer of all or any portion of the Property or by any other person to
      whom it is delivered. 

    

    29.        
      COMMON
      AREA CONTROL AND PARKING AREAS.

    

    29.1  Common
      Areas.  
      Tenant
      acknowledges and agrees that the common areas of the Building including, without
      limiting the generality of the foregoing, lawns, gardens, parking areas,
      sidewalks, driveways, foyers, hallways, washrooms, and stairwells not within
      the
      Premises shall at all times be subject to the exclusive control and management
      of Landlord. Landlord shall have the right to change the area, level, location,
      and arrangement of common areas so long as in so doing Landlord does not
      materially and adversely affect ingress to and egress from the Building or
      the
      Premises (other than on a temporary basis). 

    

    29.2  Parking. 
      Tenant
      and the Tenant Parties shall not use more than Tenant’s proportionate share of
      the parking spaces in the parking areas made available to the Building by
      Landlord, which proportionate share shall initially be twenty-one (21) spaces
      (i.e., 4.0 spaces per 1,000 rentable square feet). Such spaces shall be used
      in
      common with other tenants, invitees and visitors of the Building. Tenant shall
      have the right to park in the Building parking facilities in common with other
      tenants of the Building upon such terms and conditions as may be established
      by
      Landlord from time to time. Tenant agrees not to overburden the parking
      facilities and agrees to cooperate with Landlord and other tenants in use of
      the
      parking facilities. Landlord reserves the right in its absolute discretion
      to
      determine whether the parking facilities are becoming overburdened and to
      allocate and assign parking spaces among Tenant and other tenants, and to
      reconfigure the parking area and modify the existing ingress to and egress
      from
      the parking area as Landlord shall deem appropriate. Tenant covenants and agrees
      to fully cooperate with Landlord in the enforcement of any program
      of rules
      and regulations designed for the orderly control and operation of parking
      areas.

    

    30.         
      MISCELLANEOUS.  

    

    30.1  Severability. 
      The
      terms, conditions, covenants, and provisions of this Lease shall be deemed
      to be
      severable. If any clause or provision herein contained shall be adjudged to
      be
      invalid or unenforceable by a court of competent jurisdiction or by operation
      of
      any applicable law, it shall not affect the validity of any other clause or
      provision herein, but the other clauses or provisions shall remain in full
      force
      and effect, and this Lease shall be construed as if such invalid, illegal or
      unenforceable provision had never been contained in this Lease, and, so far
      as
      is reasonable and possible, effect shall be given to the intent manifested
      by
      the portion held invalid or inoperative.

    

    30.2  Entire
      Agreement. 
      Tenant
      agrees that this Lease supersedes and cancels any and all previous statements,
      negotiations, arrangements, brochures, agreements and understandings, if any,
      between Landlord and Tenant and their respective Related Parties with respect
      to
      the subject matter of this Lease or the Premises. Tenant acknowledges that
      there
      are no covenants, representations, understandings, stipulations, agreements,
      promises, warranties, or conditions, express or implied, oral or written,
      collateral or otherwise, forming part of or in any way affecting or relating
      to
      this Lease save as expressly set out in this Lease and that this Lease together
      with the Exhibits attached hereto constitutes the entire agreement between
      the
      parties hereto and may not be modified except as herein explicitly provided
      or
      except by subsequent agreement in writing of equal formality hereto executed
      by
      Landlord and Tenant.

    

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

    

    30.3  Cumulative
      Remedies.  
      In
      the
      event of any default, breach, or threatened breach by Tenant of any of the
      covenants or provisions hereto, Landlord shall, in addition to all other
      remedies as provided by this Lease, have the right of injunction and/or damages
      and the right to invoke any remedy allowed at law or in equity, and may have
      any
      one or more of the remedies contemporaneously. The various rights, remedies,
      powers, options, and elections of Landlord reserved, expressed, or contained
      in
      this Lease are cumulative and no one of them shall be deemed to be exclusive
      of
      the others, or of such other rights, remedies, powers, options, or elections
      as
      are now, or may hereafter, be conferred upon Landlord by law or in equity,
      nor
      shall pursuit of any right or remedy constitute a forfeiture or waiver of any
      Rent due to Landlord or of any damages accruing to Landlord by reason of the
      violation of any of the terms of this Lease.

    

    30.4  Notices.  
      Any
      notice, request, approval, consent or other communication hereunder shall be
      in
      writing unless otherwise expressly provided in this Lease, and may be given
      or
      be served by depositing the same in the United States Postal Service, postage
      prepaid and certified and addressed to the party to be notified, with return
      receipt requested, or by delivering the same in person to such party (or, in
      case of a corporate party, to an officer of such party), or by express overnight
      mail service, when appropriate, addressed to the party to be notified. Notice
      deposited in the mail in the manner hereinabove described shall be effective
      from and after three (3) days (exclusive of Saturdays, Sundays and postal
      holidays) after such deposit. Notice given in any other manner shall be
      effective only if and when delivered to the party to be notified or at such
      party’s address for purposes of notice as set forth herein. For purposes of
      notice the addresses of the parties shall, until changed as herein provided,
      be
      as follows:

    

    If
      to
      Tenant:     Prior
      to
      and after the Commencement Date:

     

    
      	 	 	 	
              Roberts
                Properties, Inc.

            

      
        	 	 	 	
                
                  
                    Attention:
                      Mr. Anthony Shurtz

                  

                

              

        	 	 	 	
                450
                  Northridge Parkway, Suite 300

              

        	 	 	 	
                Atlanta,
                  GA 30350

              

      

       

    

    If
      to
      Landlord:  Roberts
      Properties Residential, L.P.

     

    
      	 	 	 	
              450
                Northridge Parkway

            

    

    
      	 	 	 	
              Suite
                302

            

    

    
      	 	 	 	
              Atlanta,
                GA 30350

            

    

    

    or
      to
      such other addresses as the parties may direct from time to time by thirty
      (30)
      days’ written notice. However, the time period in which a response to any
      notice, demand, or request must be given, if any, shall commence to run from
      the
      date of receipt or deemed receipt of the notice, demand, or request by the
      addressee thereof. Rejection or other refusal to accept or the inability to
      deliver because of changed address of which no notice was given shall be deemed
      to be receipt of the notice, demand, or request sent. Tenant hereby appoints
      as
      its agent to receive service of all dispossessory or distraint proceedings
      and
      notices in connection therewith, the person in charge of or occupying the
      Premises at the time; and if no person is in charge of or occupying the
      Premises, then the service or notice may be made by attaching it on the main
      entrance to the Premises and on the same day enclosing, directing, stamping,
      and
      marking by first class mail a copy of the service or notice to Tenant at the
      last known address of Tenant.

    

    30.5  Recording.  
      Neither
      this Lease nor any portion hereof shall be recorded unless both parties hereto
      agree to the recording.

    

    30.6  Attorneys’
      Fees.  
      In
      the
      event either party hereto defaults in the faithful performance or observance
      of
      any of the terms, covenants, provisions, agreements or conditions contained
      in
      this Lease, the party in default shall be liable for and shall pay to the
      nondefaulting party all expenses incurred by such party in enforcing any of
      its
      remedies for any such default, and if the nondefaulting party places the
      enforcement of all or any part of this Lease in the hands of an attorney, the
      party in default agrees to pay the nondefaulting party’s reasonable attorneys’
fees in connection therewith; provided, however, if
      under
      any circumstances the defaulting party is required hereunder to pay any or
      all
      of the nondefaulting party’s attorneys’ fees and expenses, the defaulting party
      shall be responsible only for actual legal fees and out-of-pocket expenses
      incurred by the nondefaulting party at normal hourly rates for the work done.
      The defaulting party shall not be liable under any circumstances for any
      additional attorneys’ fees or expenses under O.C.G.A. §13-1-11 or otherwise,
      and, to the extent the nondefaulting party may be permitted to charge or receive
      additional attorneys’ fees or expenses under O.C.G.A. §13-1-11, the
      nondefaulting party hereby waives such right.

    

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

    30.7  Homestead.  
      Tenant
      waives all homestead rights and exemptions which it may have under any law
      as
      against any obligations owing under this Lease. Tenant hereby assigns to
      Landlord its homestead right and exemption.

    

    30.8  TIME
      OF ESSENCE.  
      Time
      is
      of the essence of this Lease.

    

    30.9  No
      Estate In Land.  
      This
      Lease shall create the relationship of landlord and tenant between Landlord
      and
      Tenant, and nothing contained herein shall be deemed or construed by the parties
      hereto, or by any third party, as creating the relationship of principal and
      agent, or of partnership, or of joint venture, or of any relationship other
      than
      landlord and tenant, between the parties hereto. No estate shall pass out of
      Landlord and Tenant has only a usufruct not subject to levy and
      sale.

    

    30.10  Accord
      And Satisfaction.  
      No
      payment by Tenant or receipt by Landlord of a lesser amount than the Base Rent,
      additional rent, or any other Rent herein stipulated shall be deemed to be
      other
      than on account of the earliest of such amount then due, nor shall any
      endorsement or statement on any check or any letter accompanying any check
      or
      payment as rent be deemed an accord and satisfaction, and Landlord may accept
      the check or payment without prejudice to Landlord’s right to recover the
      balance of the rent or pursue any other remedy provided in this
      Lease.

    

    

    30.11  Brokers’
      Fees.  
      Landlord
      and Tenant warrant and represent, each to the other, that it has had no dealings
      with any broker or agent in connection with this Lease, and Landlord and Tenant
      hereby indemnify each other against, and agree to hold each other harmless
      from,
      any liability or claim, and all expenses, including attorneys’ fees, incurred in
      defending any such claim or in enforcing this indemnity, for a real estate
      brokerage commission or similar fee or compensation arising out of or in any
      way
      connected with any claimed dealings with the indemnitor and relating to this
      Lease or the negotiation thereof. 

    

    30.12  Tenant’s
      Authority.  
      Both
      Tenant and the person executing this Lease on behalf of Tenant warrant and
      represent unto Landlord that (a) Tenant is a duly organized and validly existing
      legal entity, in good standing and qualified to do business in the state in
      which the Building is located, with no proceedings pending or contemplated
      for
      its dissolution or reorganization, voluntary or involuntary, (b) Tenant has
      full
      right, power and authority to execute, deliver and perform this Lease, (c)
      the
      person executing this Lease on behalf of Tenant is authorized to do so, (d)
      upon
      execution of this Lease by Tenant, this Lease shall constitute a valid and
      legally binding obligation of Tenant, and (e) upon request of Landlord, such
      person will deliver to Landlord satisfactory evidence of the matters set forth
      in this Section.

    

    30.13  Consents
      By Landlord.  
      In
      all
      circumstances under this Lease where the prior consent or permission of Landlord
      is required before Tenant is authorized to take any particular type of action,
      such consent must be in writing and Landlord may withhold such consent or
      approval for any reason at its sole discretion, unless the provision
      specifically states that the consent or approval will not be unreasonably
      withheld.

    

    30.14  Joint
      And Several Liability.  
      If
      there
      is more than one Tenant, then the obligations hereunder imposed upon Tenant
      shall be joint and several. If there is a guarantor of Tenant’s obligations
      hereunder, then the obligations hereunder imposed upon Tenant shall be the
      joint
      and several obligations of Tenant and such guarantor, and Landlord need not
      first proceed against Tenant before proceeding against such guarantor nor shall
      any such guarantor be released from its guaranty for any reason
      whatsoever.

    

    30.15  Independent
      Covenants.  
      The
      obligation of Tenant to pay Rent and other monetary obligations provided to
      be
      paid by Tenant under this Lease and the obligation of Tenant to perform Tenant’s
      other covenants and duties under this Lease constitute independent,
      unconditional obligations of Tenant to be performed at all times provided for
      under this Lease, save and except only when an abatement thereof or reduction
      therein is expressly provided for in this Lease and not otherwise, and Tenant
      acknowledges and agrees that in no event shall such obligations, covenants
      and
      duties of Tenant under this Lease be dependent upon the condition of the
      Premises or the Property, or the performance by Landlord of its obligations
      hereunder.

    

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

    30.16  No
      Access To Roof.  
      Tenant
      shall have no right of access to the roof of the Premises or the
      Building.

    

    30.17  Acceptance.  
      The
      submission of this Lease by Landlord does not constitute an offer by Landlord
      or
      other option for, or restriction of, the Premises, and this Lease shall only
      become effective and binding upon Landlord, upon full execution hereof by
      Landlord and delivery of a signed copy to Tenant.

    

    30.18  Waiver
      Of Counterclaim.  
      Tenant
      hereby waives the right to interpose any counterclaim of whatever description
      in
      any summary proceeding.

    

    30.19  Counterparts.  
      This
      Lease may be executed in any number of counterparts, each of which when so
      executed and delivered shall be an original, but such counterparts shall
      together constitute one and the same instrument.

    

    30.20  Quiet
      Enjoyment.  
      Tenant
      shall, and may peacefully have, hold, and enjoy the Premises, subject to the
      other terms hereof including without limitation, the subordination of this
      Lease
      to any mortgages or ground leases, provided that Tenant pays the rent and other
      sums herein recited to be paid by Tenant and performs all of Tenant’s covenants
      and agreements herein contained. This covenant and any and all other covenants
      of Landlord shall be binding upon Landlord and its successors only with respect
      to breaches occurring during its or their respective periods of ownership of
      the
      Landlord’s interest hereunder.

    

    30.21  Interpretation.  
      Words
      of
      any gender used in this Lease shall be held and construed to include any other
      gender, and words in the singular number shall be held to include the plural
      unless the context otherwise requires. The captions are inserted in this Lease
      for convenience only, and in no way define, limit, or describe the scope or
      intent of this Lease, or of any provision hereof, nor in any way affect the
      interpretation of this Lease. The terms and provisions of this Lease shall
      not
      be construed against or in favor of a party hereto merely because such party
      is
      the “Landlord” or the “Tenant” hereunder or because such party or its counsel is
      the draftsman of this Lease. All references to days in this Lease and any
      Exhibits or Addenda hereto mean calendar days, not working or business days,
      unless otherwise stated. All obligations of either party hereunder not fully
      performed as of the expiration or termination of the Term of this Lease shall
      survive the expiration or termination of the Term of this Lease and shall be
      fully enforceable in accordance with those provisions pertaining thereto. No
      custom or practice which may evolve between the parties in the administration
      of
      the terms of this Lease shall waive or diminish the right of Landlord to insist
      upon the performance by Tenant in strict accordance with the terms of this
      Lease. This Lease is for the sole benefit of Landlord and Tenant, and, without
      the express written consent thereto, no third party shall be deemed a third
      party beneficiary hereof. This Lease is made and delivered in the State of
      Georgia and shall be governed by and construed in accordance with the laws
      of
      the State of Georgia.

    

    30.22  Financial
      Statements.  
      At
      any
      time during the Lease Term of this Lease, Tenant shall, upon ten (10) days’
prior written notice from Landlord, provide Landlord with a current financial
      statement and financial statements of the two (2) years prior to the current
      financial statement year. Such statement shall be prepared in accordance with
      generally accepted accounting principles consistently applied and, if such
      is
      the normal practice of Tenant, shall be audited by an independent certified
      public accountant. If unaudited, Tenant’s financial statements shall be
      certified to be true and accurate by an authorized officer (e.g., CFO,
      President, Treasurer, etc.) of Tenant. 

    

    30.23  Real
      Estate Investment Trust.  
      During
      the Lease Term of this Lease, should a real estate investment trust become
      Landlord hereunder, all provisions of this Lease shall remain in full force
      and
      effect except as modified by this paragraph. If Landlord in good faith
      determines that its status is a real estate investment trust under the
      provisions of the Internal Revenue Code of 1986, as heretofore or hereafter
      amended, will be jeopardized because of any provision of this Lease, Landlord
      may request reasonable amendments to this Lease and Tenant will not unreasonably
      withhold, delay or defer its consent thereto, provided that such amendments
      do
      not (a) increase the monetary obligations of Tenant pursuant to this Lease
      or
      (b) in any other manner adversely affect Tenant’s interest in the
      Premises.

    

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

    For
      additional terms and stipulations of this Lease, if any, see Exhibit
      “E”,
      attached hereto and by this reference incorporated herein and made a part
      hereof.

    

    IN
      WITNESS WHEREOF, the parties hereto have hereunto set their hands and seals
      the
      day and year first above written.

    
      	 	 	 
	 	
              LANDLORD:

            
	 	 	 
	 	
              ROBERTS
                PROPERTIES RESIDENTIAL, L.P.,

            
	 	
              a
                Georgia limited partnership

            
	 	 	 
	 	
              By:

            	
              Roberts
                Realty Investors, Inc., 

            
	 	
               

            	
              a
                Georgia corporation

            
	 	 	 
	 	 	 
	 	
            	
              By:
                /s/ Michael A.
                Quinlan                     
                

            
	 	
               

            	
               Michael
                A. Quinlan

            
	 	
            	
               Chief
                Financial Officer

            
	 	 	 
	 	 	 
	 	 	 
	 	
              TENANT:

            
	 	 	 
	 	
              ROBERTS
                PROPERTIES, INC., 

            
	 	
              a
                Georgia corporation

            
	 	 	 
	 	 	 
	 	
              By:
                /s/ Anthony
                Shurtz                                
                

            
	 	
              Name:
                Anthony Shurtz

            
	 	
              Title: 
                Chief Financial Officer

            
	 	 	 

    

    

     

    

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      OF EXHIBITS

    

    

    
      	
              Exhibit
                “A”

            	
              Legal
                Description

            
	 	 
	
              Exhibit
                “B”

            	
              Outline
                of Premises

            
	 	 
	
              Exhibit
                “C”

            	
              Intentionally
                Omitted

            
	 	 
	
              Exhibit
                “D”

            	
              Rules
                and Regulations

            
	 	 
	
              Exhibit
                “E”

            	
              Special
                Stipulation

            

    

    

    
      
        28

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      “A”

    

    LEGAL
      DESCRIPTION

     

    

    

    
      
        A-1

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

    
      
        A-2

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      “B”

    

    OUTLINE
      OF PREMISES

    

    

    

    
      
        B-1

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      “C”

    

    INTENTIONALLY
      OMITTED

    

    

    

    
      
        C-1

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      “D”

    

    RULES
      AND REGULATIONS

    

    
      	1.  	
              Smoking
                is prohibited in the Premises, the main lobby, public corridors,
                elevators
                and elevator lobbies, stairwells, restrooms, and other common areas
                within
                the Building.

            

    

    

    
      	2.  	
              Landlord
                reserves the right to close and keep locked all entrance and exit
                doors of
                the Building during the hours which are not normal business hours.
                When
                departing after the Building’s normal business hours, Tenant and its
                employees, agents, and invitees must ensure that the doors to the
                Building
                and the Premises are securely closed and locked. Requests to the
                Landlord,
                for access to the Building or any part thereof when it is locked,
                may be
                refused unless the person seeking access has arranged in advance
                for
                access or admission into the Building or any part thereof. Landlord
                and
                its agents shall not be liable for damages for any error concerning
                the
                admission to, or the exclusion from, the Building of any person.
                

            

    

    

    
      	3.  	
              As
                part of the initial improvements to the Premises, Landlord agrees
                to
                furnish Tenant two keys for each keyed door located within the Premises
                without charge. If the Building entrance and/or the primary entrance
                to
                the Premises is accessed with either a pass key or key card, Landlord
                agrees to furnish Tenant two pass keys or key cards, as the case
                may be,
                per 1,000 square feet of leased space. Any additional pass keys or
                key
                cards required by Tenant must be obtained from Landlord at a reasonable
                cost to be established by Landlord. Tenant shall not alter any lock
                or
                install any new or additional locks or bolts on any doors or windows
                of
                the Premises without obtaining Landlord’s prior written consent. All keys
                and key cards to Premises shall be surrendered to Landlord upon
                termination of this Lease.

            

    

    

    
      	4.  	
              All
                contractors and installation technicians shall comply with Landlord’s
                rules and regulations pertaining to construction and installation.
                This
                provision shall apply to all work performed on or about the Premises,
                Building, or Property, including installation of telephones, computer
                wiring, electrical devices and attachments, and installations of
                any
                nature affecting floors, walls, woodwork, trim, windows, ceilings,
                and
                equipment, or any other physical portion of the Premises, Building,
                or
                Property.

            

    

    

    
      	5.  	
              No
                signaling or telephonic devices, including antennae and satellite
                dishes,
                or other wires, cabling and instruments or devices shall be installed
                in
                connection with the Premises, Building, or Property without the prior
                written consent of Landlord. No advertising banners or balloons or
                any
                other items which require fastening to the Premises, Building, or
                Property
                are permitted without the prior written consent of Landlord. Mechanical
                equipment, utility meters, and/or storage tanks will not be placed
                in or
                on the Premises, Building, or Property without Landlord’s prior written
                approval. 

            

    

    

    
      	6.  	
              Tenant
                shall not overload the floor of the Premises; safes and other heavy
                articles shall be placed by Tenant only in such manner and location
                as may
                be specified in writing by Landlord, and any damage done to the Building
                or Premises from overloading a floor, or injury to persons in moving
                safes
                or other heavy articles in or out of the Building or Premises, shall
                be
                paid for by Tenant.

            

    

    

    
      	7.  	
              No
                furniture, freight, or equipment of any kind, other than those delivered
                by messenger and express type services, may be brought into or out
                of the
                Building without prior notice to, and consent from, the Landlord.
                All
                moving activity into or out of the Building must be scheduled with
                the
                Landlord and done only in the manner, and restricted to the hours,
                designated by Landlord. All such movement shall be under supervision
                of
                Landlord and carried out in a manner that shall comply with Landlord’s
                rules and regulations. Tenant assumes, and shall indemnify Landlord
                against all loss, liability, cost, expense, risk or claim of damage
                or
                injury to persons and properties arising in connection with any said
                movement. All hand trucks used in the Building must be equipped with
                rubber tires and side guards. The only elevator on which heavy and/or
                large deliveries can be utilized, is the freight elevator. If the
                Building
                does not provide a freight elevator, passenger elevators may be used
                with
                Landlord’s approval, and given at least 24 hours notice so that proper
                protection can be put in place.

            

    

    

    
      
        D-1

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	8.  	
              Tenant
                shall not use any method of heating or air-conditioning, other than
                that
                supplied by Landlord, without Landlord’s prior written consent. Space
                heaters are an electrical fire hazard and are not to be used in Tenant’s
                Premises. 

            

    

    

    
      	9.  	
              No
                cooking shall be done or permitted on the Premises, except that
                Underwriters’ Laboratory (UL)-approved equipment and microwave ovens may
                be used in the Premises for heating food and brewing coffee, tea,
                hot
                chocolate, and similar beverages for employees and visitors. This
                use must
                be in accordance with all applicable federal, state, and city laws,
                ordinances, rules, and regulations. Tenant shall not use outdoor
                grills or
                cooking equipment, nor place picnic tables, tents, sports equipment,
                etc.
                in or about the Premises, without the prior written approval from
                Landlord. 

            

    

    

    
      	10.  	
              Tenant
                shall not, at any time, occupy any part of the Premises, the Building,
                or
                the Property as sleeping or lodging
                quarters.

            

    

    

    
      	11.  	
              No
                dogs, cats, fowl or other animals shall be brought into, or kept
                in or
                about the Premises, the Building, or the Property, except for those
                animals utilized to assist any persons with disabilities. Landlord
                should
                be notified in advance, and in writing, if any such animals will
                be
                utilized on a regular basis.

            

    

    

    
      	12.  	
              Tenant
                and its employees and invitees, shall not disturb occupants of the
                Building or the Property by the use of any radios, tape or CD players,
                or
                other musical instruments, or the making of objectionable noises.
                The
                location of office parties and functions shall be restricted to Tenant’s
                Premises. Catering services shall use the service entrance and the
                service
                elevator for deliveries.

            

    

    

    
      	13.  	
              All
                canvassing, soliciting, and peddling in or about the Premises, the
                Building, or the Property is prohibited. Tenant, Tenant’s employees, and
                Tenant’s agents shall not loiter in or on the entrances, corridors,
                sidewalks, lobbies, halls, stairways, elevators, or common areas,
                or
                disturb, solicit, or canvas any occupant of the Premises, the Building,
                or
                the Property. Landlord reserves the right to exclude or expel from
                the
                Property any person who, in Landlord’s reasonable judgment, is under the
                influence of alcohol or drugs, or commits any act in violation of
                any of
                these Rules and Regulations.

            

    

    

    
      	14.  	
              The
                restrooms, urinals, wash bowls, and other apparatus shall not be
                used for
                any purpose including, without limitation, drug testing, other than
                that
                for which they were constructed, and no foreign substance of any
                kind
                shall be thrown or poured into them. The expense of any breakage,
                stoppage, or damage resulting from violation of this rule shall be
                borne
                by the Tenant who caused, or whose employees, agents, contractors,
                invitees, or licensees caused the breakage, stoppage, or
                damage.

            

    

    

    
      	15.  	
              None
                of the parking, plaza, recreation, or lawn areas, entries, passages,
                doors, elevators, hallways, or stairways shall be blocked or obstructed;
                nor shall any rubbish, litter, trash or material of any nature be
                placed,
                emptied or thrown into these areas; nor shall these areas be used
                by
                Tenant’s agents, employees, and/or invitees at any time for purposes which
                are inconsistent with their designation by Landlord.
                

            

    

    

    
      	16.  	
              No
                signs of any type or description shall be erected, placed, or painted
                in
                or about the doors and windows, the building, or the grounds of the
                Property or right-of-way of which the Premises are a part except
                those
                signs submitted to Landlord in writing and approved by Landlord in
                writing
                and which signs are in conformance with the Declaration. No covers
                or
                awnings over or outside of the windows nor draperies or coverings
                hung
                inside the windows will be permitted without Landlord’s prior written
                approval. 

            

    

    

    
      	17.  	
              Tenant
                and its employees, agents, and invitees shall park their vehicles
                only in
                those parking areas designated by Landlord and entirely within the
                lines.
                All directional signs, arrows, and posted speed limits must be observed.
                Bicycles, motorcycles or other mobile devices shall not be allowed
                or
                placed anywhere on the Property or in the Building, except within
                those
                areas so designated. Parking is prohibited in areas not striped for
                parking, in aisles where “No Parking” signs are posted, on ramps, in
                crosshatched areas, and in other areas as may be designated by Landlord.
                

            

    

    

    
      	18.  	
              Tenant
                and its employees, agents, and invitees shall not leave any vehicle
                in a
                state of disrepair, including, without limitation, flat tires, oil
                or
                damaging fluid leaks, out-of-date inspection stickers or license
                plates,
                on the Property. If Tenant or its employees, agents or invitees park
                their
                vehicles in areas other than the designated parking areas or leave
                any
                vehicle in a state of disrepair, Landlord, after ticketing the vehicle
                in
                violation, shall have the right to remove such vehicle at its owner’s
                expense. No vehicle maintenance will be done on the Property without
                the
                prior written consent of Landlord, which may be withheld in its sole
                discretion.

            

    

    

    
      
        D-2

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	19.  	
              Tenant
                and its employees, agents, and invitees shall park their vehicles
                in
                compliance with all parking rules and regulations, including any
                sticker
                or other identification system established by Landlord. Parking stickers
                or other forms of identification supplied by Landlord shall remain
                the
                property of Landlord and are not transferable. Vehicles should be
                kept
                locked; any damage to vehicles or persons is assumed by the vehicle’s
                owner or its driver.

            

    

    

    
      	20.  	
              Employees
                of Landlord shall not be responsible to carry messages from or to
                Tenant.
                Nor shall employees of Landlord contract with, or render free or
                paid
                service to any Tenant or to any of Tenant’s agents, employees, or invitees
                which service is not covered in this Lease, without prior written
                notice
                to Landlord.

            

    

    

    
      	21.  	
              Tenant
                shall comply with all safety, fire protection, and evacuation procedures
                and regulations established by Landlord or by any government agency.
                All
                Christmas trees placed in the Tenant’s Premises must be fire-resistant
                artificial trees. Any lighting attached to trees or decorations must
                be UL
                approved and designated for the purpose being used. Installation
                of any
                decorations that could be deemed potential fire hazards requires
                the prior
                written approval of Landlord. Decorations placed outside of Tenant’s
                Premises shall also require the prior approval of
                Landlord.

            

    

    

    
      	22.  	
              Landlord
                reserves the right at any time to change or rescind any one or more
                of
                these Rules and Regulations or to make any additional Rules and
                Regulations that, in Landlord’s judgment, may be necessary
                for:

            

    

    

    
      	
            	a.	
              The
                management, safety, care, protection, and cleanliness of the Premises,
                Building, and Property;

            

    

    
      	
            	b.	
              The
                operation thereof and the preservation of good order therein;
                and

            

    

    
      	
            	c.	
              The
                protection and comfort of other occupants and tenants and their agents,
                employees and invitees in the Premises, Building, and Property.
                

            

    

    

    Landlord
      may waive any one or more of these Rules and Regulations for the benefit of
      any
      particular tenants. No waiver by Landlord shall be construed as a waiver of
      those Rules and Regulations in favor of any other tenant, and no waiver shall
      prevent Landlord from enforcing those rules and Regulations against any other
      tenant of the Property. Tenant shall be considered to have read these Rules
      and
      Regulations and to have agreed to abide by them as a condition of Tenant’s
      occupancy of the Premises.

    

    
      
        D-3

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      “E”

    

    SPECIAL
      STIPULATION

    

    

    This
      Special Stipulation is hereby incorporated into this Lease and in the event
      that
      it conflicts with any provisions of this Lease, this Special Stipulation shall
      control.

    

    Extension
      Options.
      So long
      as this Lease is in full force and effect and Tenant is not in default beyond
      applicable notice and cure periods in the performance of any of the covenants
      or
      terms and conditions of this Lease at the time of notification to Landlord
      or at
      the time of commencement of the applicable Extension Term, as that term is
      hereinafter defined, Tenant shall have the option (each, an “Extension Option”)
      to extend the Lease Term for all or any portion of the Premises for three (3)
      additional periods of one (1) year (each, an “Extension Term”), at the
      Prevailing Market Rate (as hereinafter defined), but in no event shall the
      Base
      Rent during the applicable Extension Term be less than the Base Rent then in
      effect at the expiration of the applicable Lease Term, subject to terms and
      conditions set forth in this Special
      Stipulation.
      Tenant
      shall provide Landlord with written notice three (3) months prior to the
      expiration of the initial Lease Term or the then applicable Lease Term of its
      desire to extend the Lease Term of this Lease. Landlord shall provide Tenant
      with a written proposal setting forth its determination of the Prevailing Market
      Rate to extend the Lease Term of this Lease within thirty (30) days of such
      applicable notice. Tenant shall have ten (10) days from its receipt of
      Landlord’s proposal to either accept such proposal or to not extend the
      then-applicable Lease Term of this Lease. The “Prevailing Market Rate” shall
      mean the then prevailing market rate for lease renewals and extensions in the
      Building and in similar buildings in the vicinity of the Building comparable
      to
      this Lease and the Premises, which shall be determined by Landlord in its sole
      and absolute discretion. If Landlord and Tenant are unable to reasonably agree
      upon the Prevailing Market Rate within such 10-day period after Tenant’s receipt
      of Landlord’s proposal, then Tenant’s exercise of the applicable Extension
      Option shall be null and void and of no further force and effect.

     

    
      
        E-1

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