Document:

EX-10.4

 Exhibit 10.4 

Suites 201, 202 and 203 

OFFICE LEASE AGREEMENT 

Aspen Brook Village 

3301 Aspen Grove Drive 

Cool Springs, Tennessee 

Franklin Financial Network, Inc. - Tenant 

Bank Business Offices 

PCC Investments II, LLC - Landlord 

 OFFICE LEASE AGREEMENT 

THIS LEASH AGREEMENT (the “Lease”) made and entered into as of May 11, 2007, by and between PCC Investments II, LLC, a Tennessee Limited
Liability Company (“Landlord”), and Franklin Financial Network, Inc., a Tennessee corporation (“Tenant”). 
 WITNESSETH:

 1. Demise of Premises. Landlord hereby demises the Premises, Suites 201, 202 and 203 to Tenant and covenants that Tenant shall peaceably and
quietly hold and enjoy the Premises throughout the initial term set forth in Section 1(a) hereof, and any extension thereof as permitted under Section 29 hereof (the “Term”), from all persons claiming through Landlord, on and
subject to all the provisions and conditions of this Lease; and Tenant hereby accepts such demise of the Premises from Landlord. 
 The
“Premises” consist of the space containing 6,477 rentable square feet of base premises (plus 815 square feet of outdoor balcony space) located in the building known as Aspen Brook Village (the “Building”) on a tract of land
located at 3301 Aspen Grove Drive, Franklin, Tennessee, as shown on Exhibit A attached hereto. The Premises, Building and adjacent grounds located on such tract of land are hereinafter called the “Property.” “Common Areas”
shall mean those areas of the Building and such adjacent grounds which are shared by all tenants of the Building. The Common Area Factor is 19%, or 1,234 SF. 

2. Term. 
 (a) The initial term of this
Lease shall begin on May 15, 2007 and on the seventh anniversary of the “Rent Commencement Date” (as defined in Section 3(a) hereof), and rent payments hereunder shall commence on such Rent Commencement Date. Tenant may begin the
occupancy of the Premises upon the issuance of a certificate of occupancy by the appropriate local governmental authority and after substantial completion of the “Tenant Improvements” to be constructed by Tenant pursuant to the Work Letter
attached hereto as Exhibit B. 
 (b) Promptly upon the commencement of the initial term of this Lease, the parties hereto shall
execute a Commencement Date Certificate in form mutually acceptable to them setting forth, among other things, the commencement date of such term. 
 3.
Rent. Throughout the term of this Lease, Tenant shall pay rent to Landlord in accordance with the following provisions: 
 (a) Tenant
shall pay annual base rent (the “Base Rent”) in monthly installments in advance on or before the first day of each calendar month commencing the earlier of September 15, 2007 or the date of “Substantial Completion”, as
defined in Exhibit B attached hereto (the “Rent Commencement Date”). If rent payments begin on a day other than the first day of a calendar month or the Term ends on a day other than the last day of a calendar month, then the
monthly rent due hereunder for such calendar month will be appropriately prorated based on the actual number of calendar days in such calendar month and the rent for such month will be paid on or before the first day of the following calendar month.
The monthly installments payable during the initial term of this Lease are set forth in Exhibit C hereto. 

  
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 (b) Additional Rent (herein so called) shall be calculated as provided in Exhibit D
hereto, subject to Section 29 hereof. For each calendar year after the year in which the Commencement Date occurs, Landlord shall furnish Tenant a written estimate of Additional Rent for the applicable calendar year. Estimates of Additional
Rent shall be made by Landlord on a reasonable basis determined by Landlord. For the calendar year 2007, Landlord estimates that the Additional Rent will be $4.00 a square foot for the base leased premises of 6,477 sq. ft. and $0.00 a square foot
for balcony space of 815 sq. ft. Throughout the Term of this Lease, Tenant shall pay estimated Additional Rent in advance on or before the first day of each month in monthly installments equal to one-twelfth (1/12) of the estimated Additional
Rent for the applicable calendar year. Pending receipt of Landlord’s written estimate of Additional Rent for any calendar year, monthly installments of estimated Additional Rent shall continue to be paid in the same amount as in the prior
calendar year. By April 30 of each calendar year, Landlord shall deliver to Tenant a written statement reflecting any difference between estimated Additional Rent paid and actual Additional Rent accrued for the prior calendar year (or, in the
case of any partial calendar year in which the Term begins or ends, a prorated portion of such Additional Rent based upon actual days elapsed during that portion of the Term occurring in that calendar year). Tenant shall pay Landlord the total
amount of any balance of Additional Rent due shown on such annual statement within thirty (30) days after receipt of the statement; provided, however, the total amount of actual Additional Rent due and payable by Tenant for each calendar year
shall not exceed 104% of the total actual Additional Rent due and payable for the then previous calendar year (or, if either such calendar year or the then prior calendar year is a partial calendar year, the average daily actual Additional Rent due
and payable for such calendar year shall not exceed 104% of the average daily actual Additional Rent due and payable for such previous calendar year). Landlord shall refund any overpayment of Additional Rent by Tenant shown on such annual statement
within thirty (30) days after delivery of the statement. Tenant may examine the accounting records supporting the amount of Additional Rent reflected on such annual statement within a sixty (60) day period after receipt of the statement,
such examination to occur after reasonable advance written notice to Landlord during normal business hours at the place where Landlord’s accounting records are normally kept. 

(c) The installments of Base Rent and Additional Rent for any initial partial calendar month shall be prorated based on actual days elapsed
and shall be paid in advance on the Commencement Date. 
 (d) Except as expressly provided to the contrary in this Lease, Installments of
Base Rent and Additional Rent shall be payable without notice, demand, reduction, setoff, or other defense. Installments of Base Rent and Additional Rent and payment of other sums owing to Landlord pursuant to this Lease shall be made to Landlord at
the address specified on the signature page, or at whatever other account or address that Landlord may designate from time to time by written notice to Tenant. 

(e) If any installment of Base Rent or Additional Rent, or any other sum due and payable pursuant to this Lease, remains unpaid for more than
fifteen (15) days after the date due, Tenant shall pay Landlord a late payment charge equal to the greater of (i) Fifty and no/100 

  
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Dollars ($50.00), or (ii) five percent (5%) of the unpaid installment or other payment. The late payment charge is intended to compensate Landlord for administrative expenses associated
with responding to late payment, and shall not be considered liquidated damages or interest. 
 (f) If any check tendered by or on behalf of
Tenant in Payment of any sum due under this Lease is dishonored and returned to Landlord for any reason whatsoever, Tenant shall be charged the sum of Forty Dollars ($40.00) for each such check, which amount shall be payable as Rent, to defray the
expense of handling, processing and bookkeeping. Any such check shall be promptly replaced by Tenant with a check that is the direct obligation of a bank or savings and loan institution (certified check, or other check representing immediately
available funds). The amount of such replacement check shall be in the aggregate amount of the payment tendered, plus the Forty Dollars ($40.00) check charge, and any applicable sales and other tax. If not paid by Tenant within ten (10) days
after notification to tenant of the dishonored check, said Forty Dollars ($40.00) charge shall also be subject to said late charges. In the event two (2) or more checks tendered by or on behalf of Tenant are dishonored and returned to Landlord
for any reason whatsoever during any twelve (12) month period, all future payments by Tenant to Landlord shall me made with checks that are the direct obligation of a bank or savings and loan institution (certified check or other check
representing immediately available funds). 
 (g) Landlord shall not be bound by any notation on any check or letter, such as “paid in
Full”. 
 4. Use of Premises; Compliance with Legal Requirements. Tenant shall use the Premises only for a bank business offices and for no
other purposes. Tenant shall not commit or allow waste to be committed in the Premises or elsewhere on the Property, and shall not do or allow to be done in the Premises or elsewhere on the Property anything that shall constitute a nuisance or
detract in any way from the reputation of the Property as a first-class real estate development. Tenant shall allow no noxious or offensive odors, fumes, gases, smoke, dust, steam or vapors, or any loud or disturbing noise or vibrations to originate
in or be emitted from the Premises. Tenant shall comply with all laws, ordinances, and regulations of any governmental authority relating to Tenant’s use or occupancy of the Premises, with the requirements of insurance underwriters or rating
bureaus applicable to the Property, and with the following requirements: 
 (a) No portion of the Premises or the Property shall be used or
occupied for anything that is extra hazardous on account of fire or other risks, that causes an increase in the premiums payable by Landlord for any of its insurance with respect to the Property, or that causes any underwriter to deny insurance
coverage to Landlord. 
 (b) Tenant shall comply with all requirements of the Americans with Disabilities Act and implementing regulations
with respect to improvements made by Tenant within the Premises, and its use and occupancy of the Premises. 
 (c) Tenant may use generally
available office equipment and supplies of a type which are customary for the purpose for which Tenant shall occupy the Premises that contain small quantities or low concentrations of Hazardous Materials so long as they are properly used and stored
within the Premises, properly disposed of by Tenant at a location other than the Property, and do not require any governmental license or permit. Except as permitted in the preceding 

  
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sentence, no use, generation, storage, treatment, transportation, or disposal of any Hazardous Material shall occur or be permitted to occur in connection with Tenant’s use and occupancy of
the Premises or any other portion of the Property. “Hazardous Material” shall mean any toxic or hazardous waste, material, or substance or any other substance that is prohibited, limited, or regulated as a health or environmental hazard by
any governmental or quasi-governmental authority, or that even if not so regulated, could or does pose a hazard to the environment or to health and safety of the occupants of the Building or others. 

(d) Landlord shall have the right to prescribe and modify reasonable rules for use of the Property and leased premises within the Building. A
copy of Landlord’s current Building rules is attached hereto as Exhibit E. In the event of any conflict with the Building rules, the provisions in the main body of this Lease control. 

(e) Tenant shall ensure that its agents, employees, and contractors comply with this Paragraph, and shall use reasonable efforts to ensure
that its invitees and customers comply with this Paragraph. 
 (f) Tenant and Landlord shall execute and deliver, on and as of the date
hereof, the “Lease Authorization”, in the form set forth on Exhibit F thereto. 
 5. Taxes Payable by Tenant. Tenant shall pay any
documentary stamp tax, sales or use tax, excise tax, or any other tax, assessment, or charge (other than any income, franchise, or similar tax imposed directly on Landlord or Landlord’s net income from the Property) required to be paid on
account of (a) the use or occupancy of the Premises by Tenant, (b) the rent or other payments due hereunder, or (c) Tenant’s trade fixtures, equipment, machinery, inventory, merchandise or other personal property located on the
Premises and owned by or in the custody of Tenant. All such taxes, assessments, and charges shall be paid promptly as they become due prior to delinquency. If requested by Landlord, Tenant shall provide Landlord with copies of paid receipts for such
taxes, assessments, or charges promptly after payment of same. Tenant shall also pay on written demand from Landlord any increase in ad valorem taxes or assessments on the Property as a result of alterations, additions, or improvements made by or on
behalf of Tenant other than the initial Tenant Improvements. 
 6. Insurance Coverage; Waiver of Subrogation. 

(a) Landlord shall maintain property and casualty insurance on the Building, with extended coverage or such other additional coverage as
Landlord shall elect, in an amount of not less than eighty percent (80%) of the replacement cost of the Building; provided, however, if the premium for any insurance carried by Landlord with respect to the Property increases as the result of
Tenant’s use or occupancy or as the result of any act or omission of Tenant or its agents, employees, or contractors, Tenant shall pay Landlord the amount of any such increase on written demand. Payment of such increased premiums shall not
excuse any noncompliance with this Lease by Tenant that may have caused the increased premiums. 
 (b) Tenant shall maintain and pay for
property and casualty insurance with extended coverage on all trade fixtures, equipment, machinery, merchandise, or otherwise on the Property. Tenant shall maintain and pay for commercial general liability insurance (occurrence coverage)

  
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in the amount of not less than $1,000,000.00, with a company licensed to do business in the state in which the Property is located and reasonable acceptable to Landlord, naming Landlord as an
additional insured, to the extent of liability assumed under Indemnification clause Article 22 of this lease, providing contractual liability coverage, and containing an undertaking by the insurer not to cancel or change coverage materially without
first giving thirty (30) days’ written notice to Landlord. Tenant shall furnish Landlord certificates of insurance evidencing the required commercial general liability insurance coverage prior to the Commencement Date and thereafter prior
to each policy renewal date. 
 (c) Each of Landlord and Tenant hereby waives all claims or other rights of recovery against the other and
its agents, employees, and contractors for any loss or damage to the Premises or other portions of the Property, or to any personal property or fixtures thereon, by reason of fire or other insurable risk of loss (whether or not actually insured),
regardless of cause or origin, including negligence, gross negligence, or misconduct of the other party or its agents, employees, or contractors, and covenants that no insurer shall hold any right of subrogation against such other party. Landlord
and Tenant shall each advise its insurers of the foregoing waiver and such waiver shall be a part of the respective policies of property and casualty insurance maintained by Landlord and Tenant. 

7. Services Furnished by Landlord. So long as Tenant is entitled to possession of the Premises during the Term, Landlord shall furnish the following
services, which shall be reasonably consistent in quality with similar landlord services at comparable office buildings in the same market area as the Building: 

(a) Heating and air conditioning in season to provided reasonably comfortable temperatures in the Common Areas (unless mandated otherwise by
law) Monday through Friday from 7:00 a.m. to 6:00 p.m. and Saturdays from 8:00 a.m. to 2:00 p.m., exclusive of holidays observed by national banks in the city in which the Property is located. 

(b) Reasonable janitorial and general cleaning services for the Common Area from Monday through Friday, exclusive of holidays observed by
national banks in the city in which the Property is located. 
 (c) Electricity for routine lighting and the operation of the Common Areas.

 (d) Passenger elevator service to all floors of the Building. Tenant’s move (and any significant moving) shall occur outside normal
business hours. 
 (e) Reasonable amounts of cold running water to tenant spaces in or appurtenant to the Premises. 

(f) Routine maintenance and repair of the structure of the Building and general Building mechanical, electrical, and plumbing systems and
exterior lighting, landscaping, and irrigation, and parking, driveways, and sidewalks of the Property. Tenant is responsible for all interior maintenance and repair of the Premises, including, without limitation, all interior items, plumbing, HVAC,
windows and door located on the Premises. If the Premises or any other part of the Property is damaged by any act or omission of Tenant or its agents, employees, or contractors, then Landlord may repair such damage. Any cost of such repairs to the
Premises in 

  
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excess of insurance proceeds actually received by Landlord shall be paid by Tenant to Landlord on written demand, and Landlord shall not be obligated to begin or continue repair work until funds
for such purposes are received from insurance proceeds or from Tenant. 
 (g) If and to the extent Landlord chooses, security services and
equipment for the Common Areas. Landlord has no duty to provide security, and no duty to so shall be deemed to have been assumed by Landlord’s furnishing and security services or equipment. Tenant waives and releases all claims against Landlord
and its agents, employees, and contractors to the extent based on any wrongful, negligent, or other failure to furnish security services or equipment or on any wrongful, negligent, or other act or omission in connection with any security services or
equipment furnished. 
 (h) Keys to the Premises, however, Tenant will be charged for additional keys provided throughout the Lease Term.

 Tenant shall not be deemed to have been evicted as the result of, nor shall Landlord be liable for any loss or damage to the property of
Tenant located in the Premises or for any loss of business or profits of Tenant or other damages of any kind arising from (i) any failure of Landlord to provide any of the services to be furnished by Landlord pursuant to this Paragraph as the
result of circumstances outside of Landlord’s reasonable control, (ii) any interruption or unavailability of utilities or any stoppage, leaking, bursting, or other defect or failure in the utility lines, pipes, wires, and other facilities
serving the Premises as the result of circumstances outside of Landlord’s reasonable control, or (iii) any repairs, maintenance, alterations, or improvements to any portion of the Property made in connection with correcting any of the
foregoing circumstances or providing the services to be furnished by Landlord pursuant to this Paragraph. If as the result of any of the foregoing, the Premises, or any portion thereof, remain untenantable for more than ten (10) days after
written notice from Tenant to Landlord specifying the circumstances giving rise to such untenantability, then as Tenant’s sole and exclusive remedy Minimum Rent and Additional Rent shall abate for so long thereafter as the Premises, or any
portion thereof, remain untenantable. Such abatement of Base Rent and Additional Rent shall not extend the Term of this lease. 
 8. Alterations and
Improvements. Tenant shall make no alterations, additions, or improvements to the Premises or the Property without the prior written consent of Landlord in each instance, which consent shall not be unreasonably withheld. Tenant shall comply with
all reasonable requirements of Landlord relating to approval of plans and specifications, compliance with building codes and other laws, protection of the integrity, condition, and proper functioning of the roof, walls, foundations, and other
structural elements of the Building and of the Building’s mechanical, electrical, and plumbing systems and equipment, employment and bonding of contractors, insurance, aesthetic considerations, and other relevant matters as determined by
Landlord. All alterations, additions or improvements, including without limitation all partitions, walls, railings, carpeting, floor and wall coverings, and other fixtures (excluding Tenant’s trade fixtures) made by, for, or at the direction of
Tenant shall become the property of Landlord when made, and shall remain upon the Premises at the expiration or earlier termination of this Lease. Landlord reserves the right to make structural and nonstructural alterations, additions, and
improvements to the Property, to re-stripe parking areas and otherwise control parking and traffic movement on Property, and to change the name or street address (if required by local authorities) of the Property. 

  
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 9. Trade Fixtures and Other Personal Property. Any trade fixtures installed in the Premises at
Tenant’s expense shall remain Tenant’s personal property, and Tenant shall have the right at any time during the Term of this Lease to remove such trade fixtures (provided that any damage to the Building or Premises caused by such removal
shall be repaired by Tenant within a commercially reasonable amount of time). On or before the expiration of the Term or earlier termination of this Lease, Tenant shall remove all trade fixtures and other personal property of Tenant from the
Premises, repair any damage to the Building or Premises caused by removal of its trade fixtures and other personal property, and leave the Premises in a clean condition free of waste, refuse, or debris, reasonable wear and tear and damage by
casualty expected. If Tenant fails to do so, Landlord may retain, store, or dispose of such trade fixtures and other personal property however Landlord chooses without liability of any kind to Tenant, repair any damage to the Building or Premises
caused by removal of such trade fixtures and other personal property, and clean the Premises and properly dispose of all such waste, refuse, or debris; and all costs and expenses incurred by landlord in connection with the foregoing shall be payable
by Tenant to Landlord on written demand. The following property shall be considered part of the permanent improvements to the Building owned by Landlord, not trade fixtures of Tenant, and shall not be removed from the Premises by Tenant under any
circumstances: (a) HVAC systems, fixtures, or equipment; (b) lighting fixtures or equipment; (c) carpeting, other permanent floor coverings, or raised flooring; (d) paneling or other wall covers; (e) plumbing fixture and
equipment; and (f) permanent shelving and built-in cabinetry. 
 10. Signs and Advertising. Landlord will provide a Building Directory for the
first floor, and Tenant will be responsible for proper name identification on the directory. Landlord will provide all interior tenant name identification and code required signs in the Common Areas. Tenant is responsible for cost to install and
maintain building signs (if allowed by Codes). Signs must also be installed to building specifications, and the location of these signs must be approved by Landlord, which approval Landlord shall not unreasonably withhold or delay. In this regard,
Landlord agrees that (a) Tenant may erect a sign on the north face of the center tower of the Building and (b) such sign shall be, at Tenant’s election, as large of a sign as permitted by the applicable building codes authority and as
reasonably allowed by Landlord. 
 11. Landlord’s Right of Entry. Landlord and persons authorized by Landlord may enter the Premises at any time
without notice to Tenant in the event of emergency involving possible injury to property or persons in or around the Premises of the Building. Landlord and persons authorized by Landlord shall also have the right to enter the Premises at all
reasonable times and upon reasonable notice for the purposes of making repairs or connections, making alterations, additions, or improvements to the Building, installing utilities, providing services to the Premises other than routine janitorial
service, providing services for other tenants, making inspections, or showing the Premises to prospective purchasers or lenders of the Property. During the last six (6) months of the Term, Landlord and persons authorized by Landlord shall have
the right at reasonable times and upon reasonable notice to show the Premises to prospective tenants. 
 12. Casualty Damage. Tenant shall give
prompt notice to Landlord of any damage by fire or other casualty of or on the Premises. If such damage or casualty renders any substantial part of 

  
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the Premises untenantable and the repair time to restore the Premises to a tenantable condition will exceed one hundred twenty (120) days (or will exceed thirty (30) days in the case of
damage occurring during the last twelve (12) months of the Term), or if any mortgagee of the Property requires application of the insurance proceeds to the reduction of the mortgage debt upon the occurrence of any such casualty, or if any
material uninsured loss occurs, Landlord may, at its option, terminate this Lease by so notifying Tenant in writing within sixty (60) days after the date of the casualty or loss. If the damage by fire or other casualty renders any substantial
part of the Premises untenantable and if the repair time to restore the Premises to a tenantable condition will exceed sixty (60) days (or will exceed thirty (30) days in the case of damage occurring during the last twelve (12) months
of the Term), Tenant may elect to terminate this Lease by so notifying Landlord in writing within thirty (30) days after the date of the casualty. If the Lease is not so terminated by Landlord or Tenant, Landlord shall promptly begin and
diligently pursue the work of restoring the Premises (including the initial Tenant Improvements) to substantially their former condition as soon as reasonably possible. Landlord shall not, however, be required to restore any alterations, additions,
or improvements other than the initial Tenant Improvements. Landlord shall allow Tenant an equitable abatement of Base Rent and Additional Rent during the time and to the extent the Premises are untenantable as the result of fire or other casualty,
but such abatement shall not extend the Term. 
 13. Condemnation. If all or substantially all of the Property is condemned or is sold in lieu of
condemnation to the condemning authority, then this Lease shall terminate on the date the condemning authority takes possession. If less than all of the Property is so condemned or sold (whether or not the Premises are affected) and in
Landlord’s judgment, the Property cannot be restored to an economically viable condition, or if any mortgage of the Property requires application of condemnation proceeds to the reduction of the mortgage debt, Landlord may terminate this Lease
by written notice to Tenant effective on the date the condemning authority takes possession. If the condemnation will render any substantial part of the Premises untenantable, Tenant may terminate this Lease by written notice to Landlord effective
on the date the condemning authority takes possession of the affected part of the Premises. If this Lease is not so terminated by Landlord or Tenant, Landlord shall, to the extent feasible, restore the Premises (including the Tenant Improvements) to
substantially their former condition. Landlord shall not, however, be required to restore any alterations, additions, or improvements other than the initial Tenant Improvements. Landlord shall allow Tenant an equitable abatement of Base Rent and
Additional Rent during the time and to the extent the Premises are untenantable as the result of any condemnation, but such abatement shall not extend the Term. All condemnation awards and proceeds shall belong exclusively to Landlord, and Tenant
shall not be entitled to, and expressly waives and assigns to Landlord, all claims for any compensation for condemnation; provided, however, if Tenant is permitted by applicable law to maintain a separate action that will not reduce condemnation
awards or proceeds to Landlord, Tenant shall be permitted to pursue such separate action for an award to which Tenant may be entitled, including but not limited to loss of business, moving expenses, Tenant’s trade fixtures, and improvements or
alterations to the Premises for which Tenant paid. 
 14. Transfers by Tenant. 

(a) Without the prior written consent of Landlord in each instance, which consent will not be unreasonable withheld, Tenant shall not do any
of the following (as used in this 

  
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Paragraph, a “Transfer”): (i) assign this Lease or any estate or interest therein, whether absolutely or collaterally as security for any obligation; (ii) sublease any part of
the Premises; (iii) permit any assignment of this Lease or any estate or interest therein by operation of law; (iv) grant any license, concession, or other right of occupancy for any part of the Premises; or (v) permit the use of the
Premises by any person other than Tenant and its agents and employees; provided, however, Tenant may assign this Lease, or sublet all or a portion of the Premises, to Franklin Synergy Bank, which is or shall be a wholly owned subsidiary of Tenant
and a Tennessee chartered Federal Reserve member state bank (“Bank”), without the prior consent of Landlord. If Tenant should assign this Lease, or sublet any portion of the Premises, to Tenant, (x) Tenant shall simultaneously give to
Landlord evidence of such assignment or sublease, which assignment or sublease shall be in form and substance acceptable to Landlord, (y) Tenant shall remain primarily liable to Landlord hereunder, and (z) Bank shall execute and deliver a
“Lease Authorization”, in a form similar to Exhibit F attached hereto; provided, however, the information and representations of Tenant set forth in that Authorization shall be about or from Bank, not Tenant, and Bank may
delete from such Authorization, to the extent Bank deems appropriate, Section (B)(4) thereof. If Tenant should assign this Lease to Bank, Landlord shall exercise its reasonable best efforts to amend this Lease to the extent required by any
governmental agency charged by the law with the regulation of Bank. 
 (b) If Tenant requests Landlord’s consent to a Transfer,
Landlord at its option may either (i) approve or disapprove the Transfer, or (ii) terminate this Lease with respect to the part of the Premises included in the proposed Transfer. In connection with each Transfer request by Tenant, Tenant
shall obtain and furnish to Landlord all reasonable documents, financial reports, and other information Landlord reasonably requires in order to evaluate the proposed Transfer. Landlord shall advise Tenant of Landlord’s decision with respect to
the requested Transfer within thirty (30) days after receipt of Tenant’s written Transfer request and all requested supporting materials. If Landlord refuses to consent to a requested Transfer, this Lease shall nonetheless remain in full
force and effect. The consent of Landlord to one requested Transfer shall never be construed to waive the requirement for Landlord’s consent to other Transfers, nor shall any consent by Landlord or Transfer by Tenant discharge or release Tenant
from any obligations or liabilities to Landlord. 
 (c) All cash or other proceeds of any Transfer in excess of the Base Rent and Additional
Rent payable under this Lease shall be paid to Landlord, and Tenant hereby assigns to Landlord all rights it might have or ever acquire to the excess proceeds. No transferee of less than the entire Premises or Lease shall ever be entitled to
exercise any extension, expansion, or other option provided in this Lease or to the return of the “Deposit” (as defined in Exhibit C hereto). If an Event of Default by Tenant occurs after any Transfer, Landlord may, at its option,
collect rent directly from the transferee, and Tenant hereby authorizes any transferee to pay rent directly to Landlord at all times after receipt of written notice from Landlord. No direct collection by Landlord from any transferee shall constitute
a novation or release Tenant from its obligations and liabilities under this Lease. 
 15. Transfers by Landlord. Landlord shall have the
unrestricted right to sell, assign, mortgage, encumber, or otherwise dispose of all or any part of the Property or any interest therein. Upon sale or other disposition of the Property to a party who assumes the obligations of Landlord under this
Lease, Landlord shall be released and discharged from obligations and 

  
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liabilities thereafter accruing under this Lease (including liability for the return of any Deposit), and Tenant shall look solely to Landlord’s successor for performance of the Lease
thereafter (including the return of any of the Deposit). Tenant’s obligations under this Lease shall not be affected by any sale, assignment, mortgage, encumbrance, or other disposition of the Property by Landlord, and Tenant shall attorn to
anyone who thereby becomes the successor to Landlord’s interest in this Lease. Landlord warrants that Tenant’s rights will not diminish under this Lease if Building is transferred. 

16. Subordination. This Lease is subject and subordinate to any and all mortgages now or hereafter encumbering the Property. Landlord represents that,
so long as Tenant is not in default under any of the terms, covenants and conditions of the Lease beyond any applicable grace or cure period, the Tenant shall not be disturbed in the quiet and peaceful possession of the Premises. Such subordination
shall be self-operative without the necessity of any further instrument, but if requested by Landlord, Tenant shall promptly execute and deliver to Landlord any instrument Landlord may reasonably request to evidence the subordination of this Lease
to such mortgages or to acknowledge the assignment of this Lease as additional security for such mortgages. If any person acquires the Property through the exercise of remedies provided in a mortgage, Tenant shall automatically attorn to and become
the tenant of the new owner of the Property, except that the new owner shall not be bound by any payment of rent for more than one (1) month in advance or liable for any act or omission of Landlord that occurred prior to the date the new owner
acquired title and possession of the Property. Upon request by any successor owner of the Property, Tenant shall execute an instrument confirming the attornment required by this Lease. 

17. Estoppel Certificates; Financial Statements; Security Deposit. 

(a) Within ten (10) days after a written request by Landlord, Tenant shall deliver an estoppel certificate in a reasonable form supplied
by or acceptable to Landlord certifying any facts that are then true with respect to this Lease, including without limitation that this Lease is in full force and effect, that, to the best of the tenant’s knowledge that no default exists on the
part of Landlord or Tenant, that Tenant is in possession, that Tenant has commenced payment of rent, and that Tenant claims no defenses or offsets with respect to payment of rent under this Lease. Likewise, within ten (10) days after a written
request by Tenant, Landlord shall deliver to Tenant an estoppel certificate covering such matter of fact with respect to Landlord’s obligations under the Lease as are reasonably requested by Tenant. 

(b) If Landlord intends to sell the Property or obtain a loan secured by the Property, then within ten (10) days of Landlord’s
written request, Tenant shall furnish Landlord its annual report and other reasonable documentation. Tenant will not have to provide unreasonable documentation. Tenant shall furnish concurrently with the execution of this Lease, a financial
statement of Tenant. Tenant hereby represents and warrants that all the information contained therein is complete, true, and correct. Tenant understands that Landlord is relying upon the accuracy of the information contained therein. Should there be
found to exist any inaccuracy within the financial statement which adversely affects Tenant’s financial standing, or should Tenant’s financial circumstances materially change, Landlord may demand, as additional security, an amount equal to
an additional two (2) months’ rent, which additional security shall be subject to all terms and conditions herein, require a fully executed guaranty by a third party acceptable to Landlord, elect to terminate this Lease, or hold Tenant
liable hereunder. 
 (c) Tenant shall, upon the execution and delivery of this Lease, deliver to Landlord the “Deposit” (as
defined in Exhibit C attached hereto). 

  
 11 

 18. Events of Default by Tenant. Each of the following constitutes an Event of Default by Tenant (herein
so called). 
 (a) Tenant fails or refuses to pay any installment of Base Rent, Additional Rent, or any other sum payable under this Lease
when due, and the failure or refusal continues for at least ten (10) days after the due date. Before declaring default, Landlord agrees to provide written notice to the Tenant and to give Tenant ten (10) days to cure. 

(b) Tenant fails or refuses to comply with any provision of this Lease not requiring the payment of money, and the failure or refusal
continues for at least thirty (30) days after written notice from Landlord; provided, however, if any failure by Tenant to comply with this Lease cannot be corrected within such 30-day period solely as a result of non-financial circumstances
outside of Tenant’s control, and if Tenant has commenced substantial corrective actions within such 30-day period and is diligently pursuing such corrective actions, such 30-day period shall be extended for such additional time as is reasonably
necessary to allow completion of actions to correct Tenant’s noncompliance. 
 (c) Tenant’s leasehold estate is taken on execution
or other process of law in any action against Tenant. 
 (d) Tenant fails or refuses to take occupancy of the Premises upon the Commencement
Date, or Tenant ceases to do business in, or abandons any substantial part of, the Premises. 
 (e) Tenant or any guarantor of this Lease
files a petition under any chapter of the United States Bankruptcy Code, as amended, or under any similar law or statute of the United States or any state, or a petition is filed against Tenant or any such guarantor under any such statute and not
dismissed with prejudice within twenty (20) days of filing, or a receiver or trustee is appointed for Tenant’s leasehold estate or for any substantial part of the assets of Tenant or any such guarantor and such appointment is not dismissed
with prejudice within sixty (60) days, or Tenant or any such guarantor makes and assignment for the benefit of creditors. 
 19. Landlord’s
Remedies. If an Event of Default by Tenant occurs, Landlord shall be entitled then or at any time thereafter to do any one or more of the following at Landlord’s option: 

(a) Enter the Premises if need be, and take whatever curative actions are necessary to rectify Tenant’s noncompliance with this Lease;
and in that event Tenant shall reimburse Landlord on written demand for any reasonable expenditures by Landlord to effect compliance with Tenant’s obligations under this Lease. 

  
 12 

 (b) Terminate this Lease, in which event Tenant shall immediately surrender possession of the
Premises to Landlord, or without terminating this Lease, terminate Tenant’s right to possession of the Premises, and in either case, Landlord may re-enter and take possession of the Premises, evict Tenant and all parties then in occupancy or
possession, and if permitted under applicable law, change the locks on the doors of the Premises without making keys to the changed locks available to Tenant. 

(c) If Landlord has terminated this Lease, recover all Base Rent, Additional Rent, and other sums owing and unpaid under this Lease as of the
date of termination plus reasonable legal fees plus damages measured by the difference in the rental value of the Premises if this Lease had been fully performed for the balance of the Term and the rental value of the Premises following the Event of
Default by Tenant, which damages shall be payable, at the election of Landlord, (i) in monthly installments when and as rent would become due hereunder, were the Lease not so terminated, or (ii) in a final settlement. If Landlord elects
such a final settlement, Landlord shall have a right to, and Tenant hereby agrees to pay, the positive difference between the total of all Base Rent, Additional Rent and other sums due and payable by Tenant hereunder for the then remainder of the
Term and the reasonable rental value of the Premises for such period, such difference to be discounted to present value at a rate equal to 250 basis points over the then current 10 year U.S. Treasury Rate. The election of any other remedy
hereunder shall in no way prejudice Landlord’s right hereunder at any time thereafter to demand final settlement or to seek any other right or remedy. 

(d) If Landlord has not terminated this Lease (whether or not Landlord has terminated Tenant’s right to possession of the Premises or
actually retaken possession), recover all Base Rent, Additional Rent, and other sums then or thereafter owing and unpaid under this Lease, together with all costs, if any, reasonably incurred in reletting the Premises (including remodeling, lease
commission, allowance, inducement, and other costs), less all rent, if any, actually received from any reletting of the Premises during the remainder of the Term, which sums shall be payable in monthly installments when and as rent would become due
hereunder. Landlord shall have the right following an Event of Default by Tenant to relet the Premises on Tenant’s account without terminating the Lease, any such reletting to be on such terms as Landlord considers reasonable under the
circumstances. However, under this paragraph Tenant shall not be liable for more than the total of the Base Rent plus Additional Rent Tenant would have paid if the Lease had been fully performed for the balance of the Term. 

(e) Recover all reasonable costs of retaking possession of the premises and any other damages incidental to the Event of Default by Tenant.

 (f) Terminate all of Tenant’s rights to any allowances or under any renewal, extension, expansion, refusal, or other options granted
to Tenant by this Lease. 
 (g) Exercise any and all other remedies available to Landlord at law or in equity, including injunctive relief
of all varieties. 
 If Landlord elects to retake possession of the Premises without terminating this Lease, it may nonetheless at any subsequent time elect
to terminate this Lease and exercise the remedies provided above on termination of the Lease. Nothing done by Landlord or its agents shall be 

  
 13 

 
considered an acceptance of any attempted surrender of the Premises unless Landlord specifically so agrees in writing. No re-entry or taking of possession
of the Premises by Landlord, nor any reletting of the Premises, shall be considered an election by Landlord to terminate this Lease unless Landlord gives Tenant written notice of termination. Landlord’s remedies must be subject to Tennessee
forcible entry and detainer statutes. 
 20. Landlord’s Default. It shall be an Event of Default by Landlord (herein so called) only if Landlord
fails to comply with any provision of this Lease and the failure continues for at least thirty (30) days after written notice from Tenant to Landlord (with a copy to Landlord’s mortgagees if Tenant has been notified in writing of the
identities and addresses of such mortgagees); provided, however, if any failure by Landlord to comply with this Lease cannot be corrected within such 30-day period solely as a result of non-financial
circumstances outside of the control of Landlord, and if substantial corrective actions have commenced within 30-day period and are being diligently pursued, such 30-day period shall be extended for such
additional time as is reasonably necessary to allow completion of actions to correct Landlord’s noncompliance. 
 21. Tenant’s Remedies.
Except as otherwise provided in this Lease, in the Event of Default by Landlord, Tenant shall be entitled to any remedies available at law or in equity. Notwithstanding anything in this Lease to the contrary, Landlord shall never be liable in the
event of Default by Landlord under any promise of indemnity in this Lease, or under any other provision of this Lease for any loss of business or profits of Tenant or other consequential damages or for punitive or special damages of any kind. None
of Landlord’s officers, employees, agents, directors, shareholders, or partners shall ever have any liability to Tenant under or in connection with this Lease. Tenant agrees to look solely to Landlord’s interest in the Property for the
recovery of any judgment against Landlord, and Landlord shall never be personally liable for any judgment. 
 22. Indemnification. 

(a) Tenant shall indemnify and hold Landlord and its officers, employees, agents, directors, shareholders, and partners harmless against any
loss, liability, damage, fine or other governmental penalty, cost, or expense (including reasonable attorneys’ fees and costs of litigation), or any claim therefor, resulting from: (i) Tenant’s noncompliance with or violation of any
law, ordinance, or other governmental regulation applicable to Tenant or its use and occupancy of the Premises: (ii) the use, generation, storage, treatment, or transportation, or the disposal or other release into the environment, of any
Hazardous Material by Tenant or its employees, agents, or contractors or as the result of Tenant’s use and occupancy of the Premises; or (iii) injury to persons or loss or damage to property to the extent caused by any negligent or
wrongful act or omission of Tenant or its employees, agents, and contractors, but only to the extent the loss or damage would not be covered by property and casualty insurance of the type and amount required to be carried by Landlord pursuant to
this Lease (whether or not actually so carried). 
 (b) Landlord shall indemnify and hold Landlord and its officers, employees, agents,
directors, members, and managers harmless against loss, liability, damage, fine or other governmental penalty, cost, or expense (including reasonable attorneys’ fees and costs of 

  
 14 

 
litigation), or any claim therefore, resulting from: (i) Landlord noncompliance with or violation of any law, ordinance, or other governmental regulation applicable to Landlord or its use of
the Building; (ii) the use, generation, storage, treatment, or transportation, or the disposal or other release into the environment, of any Hazardous Material by Landlord or its employees, agents, or contractors or as the result of
Landlord’s use of the Building; or (iii) injury to persons or loss or damage to property to the extent caused by any negligent or wrongful act or omission of Landlord or its employees, agents, and contractors, but only to the extent the
loss or damage would not be covered by property and casualty insurance of the type and amount required to be carried by Landlord pursuant to this Lease (whether or not actually so carried). 

23. Protection Against Liens. Tenant shall do all things necessary to prevent the filing of any mechanic’s, materialmen’s, or other type of
lien or claim against Landlord or the Property by, against, through, or under Tenant or its contractors. If any such lien or claim is filed, Tenant shall either cause the same to be discharged within twenty (20) days after filing, or if Tenant
in its discretion and in good faith determines that such lien or claim should be contested and if all required consents or approvals of Landlord’s mortgagee are obtained, Tenant shall furnish such security as may be necessary to prevent any
foreclosure proceedings against the Property during the pendency of such contest. If Tenant fails to discharge such lien or claim within such 20-day period or fails to furnish such security, then Landlord may at its election, in addition to any
other right or remedy available to it, discharge the lien or claim by paying the amount alleged to be due or by giving appropriate security. If Landlord discharges or secures such lien or claim, then Tenant shall reimburse Landlord on written demand
for all sums paid and all costs and expenses (including reasonable attorneys’ fees and costs of litigation) reasonably incurred by Landlord. 
 24.
Holding Over. If Tenant remains in possession of any part of the Premises after the expiration of the Term of this Lease, whether with or without Landlord’s consent, a tenancy from month-to-month shall be created, the monthly
installments of Minimum Rent payable during such holdover period shall be one hundred fifteen percent (115%) of the monthly installments of Minimum Rent payable immediately preceding such expiration, and all Additional Rent and other sums
payable under this Lease shall continue to be due and payable. The acceptance of any rent or other payments from Tenant with respect to any holdover period shall not serve to extend the Term or waive any rights of Landlord, but Landlord may at any
time refuse to accept rent or other payments from Tenant, and may re-enter the Premises, evict Tenant and all parties then in occupancy or possession, take possession of the Premises, and if permitted under applicable law, change the locks on the
doors of the Premises without making keys to the changed locks available to Tenant. Tenant shall indemnify and hold Landlord harmless against any loss, liability, damage, cost, or expense (including reasonable attorneys’ fees and costs of
litigation), or any claim therefor, related to Tenant’s holding over, including liabilities to any person to whom Landlord may have leased any part of the Premises. 

25. Attorneys’ Fees. If an Event of default by Tenant or an Event of default by Landlord occurs, the Landlord shall be entitled to reasonable
attorneys’ fees and any costs of litigation incurred in exercising and enforcing its remedies under this Lease. 
 26. Waiver. The failure of a
party to insist upon the strict performance of any provision of this Lease or to exercise any remedy for an event of default. No waiver shall be effective unless expressed in writing signed by the waiving party. No waiver shall affect any condition
other than 

  
 15 

 
the one specified in the waiver and then only for the time and in the manner stated. Landlord’s receipt of any rent or other sums with knowledge of noncompliance with this Lease by Tenant
shall not be considered a waiver of the noncompliance. No payment by Tenant of a lesser amount than the full amount then due shall be considered to be other than on account of the earliest amount due. No endorsement or statement on any check or any
letter accompanying any check or payment shall be considered an accord and satisfaction, and Landlord may accept any check or payment without prejudice to Landlord’s right to recover the balance owing and to pursue any other available remedies.

 27. Leasing Commissions. Each of Landlord and Tenant represents and warrants to the other that it has not dealt with anyone claiming any
entitlement to any commission in connection with this leasing transaction, except for Ron Taylor at Provision Commercial Realty, whose commissions Landlord has agreed to pay at a rate of 3.5% of the Base Rent due during the initial term of this
Lease, i.e. .035 x $968,192.19 equals $33,886.73. Landlord shall pay such broker one-half of such sum upon the date hereof and the remaining half upon the date Tenant begins occupying the Premises. Each of Landlord and Tenant agrees to indemnify and
hold the other harmless against any loss, liability, damage, cost, or expense (including reasonable attorneys’ fees and costs of litigation), or any claim therefor, for any leasing or other commissions, fees, charges, or payments resulting from
or arising out of their respective actions in connection with this Lease. 
 28. Notices. Any notice may be given by (a) depositing written
notice in the United States mail, postpaid and certified and addressed to the party at its notification address under this Lease with return receipt requested, (b) delivering written notice in person or by commercial messenger or overnight
private delivery service to the party at its notification address under this Lease, or (c) by facsimile transmission of written notice deposited in the mail in the manner described above shall be effective on the third business day after it is
so deposited, even if not received. Written notice given in person or by commercial messenger, overnight private delivery, or facsimile transmission in the manner described above shall be effective as of the time of receipt at the destination
address as evidenced by a receipt signed by an employee of receiving party or by facsimile confirmation of transmission. The notification addresses of the parties are specified on the signature page(s) of this Lease. Each party shall have the right
to change its address by not less than at least ten (10) days prior written notice to the other party. 
 29. Option to Extend Term. Tenant
shall have 3 options (hereinafter referred to as the “Extension Option”), provided that this Lease shall be in full force and effect, without default on the part of Tenant hereunder beyond applicable notice and grace periods herein, on the
date Tenant exercises the Extension Option, to extend the Term for an extension term (hereinafter referred to as the “Extension Term”) of five (5) years, to commence on the day (hereinafter referred to as the “Extension Term
Commencement Date”) next succeeding the Expiration Date and to expire on the date (herein referred to as the “Extension Term Expiration Date”) which shall be the day preceding the fifth
(5th) anniversary of the Extension Term Commencement Date. Tenant shall exercise the Extension Option by sending a written notice thereof (which notice is hereinafter referred to as the
“Extension Notice”) to the Landlord by certified mail, return receipt requested, on or before the day which shall be six (6) months prior to the Expiration Date. If Tenant shall send the Extension Notice within the time and in the manner
hereinbefore provided, the Term of this Lease shall be deemed extended for the Extension Term 

  
 16 

 
upon the terms, covenants and (a) any terms, covenants, or conditions hereof that are expressly or by their nature inapplicable to the Extension Term shall not apply during such Extension
Term; (b) the Base Annual Rent payable by Tenant during the Extension Term (hereinafter referred to as the “Extension Rent”) shall be at the rate of rent in place during the last year of the Term, plus an annual 3.0% increase which
shall apply to each year of the Extension Term. 
 30. Parking Spaces. All parking is open for use by all tenants except for specific designated
parking spaces. This Tenant shall have two (2) designated parking spaces in the parking garage with locations determined by the Landlord. 
 31.
Letter of Credit. 
 (a) On or prior to May 15, 2007, Tenant agrees to provide to Landlord an unconditional letter of credit
issued by a federally-insured banking institution, naming Landlord as the beneficiary and being in form and substance similar to Exhibit G attached hereto and reasonably acceptable to Landlord (the “LC”). The LC shall be in the
amount of $152,263.25, which is the sum of the Base Rent for the year following the Rent Commencement Date plus Tenant’s Prorata Share of the “Operating Expenses” (as defined in Exhibit D attached hereto); such Expenses
are reasonably estimated by Landlord for the such year and were determined to be as follows: $4.00 x 6,477 sq. ft. of the base premises = $25,908.00. The LC shall be in full force and effect beginning the Rent Commencement Date and shall remain in
full force and effect for the next twelve consecutive months. Tenant shall be responsible for obtaining the LC at its sole expense. 
 (b)
In the event Moody’s rating on the long term senior debt of the issuer of the LC becomes less than BBB while the LC is outstanding, then Landlord may notify Tenant of such fact and Tenant shall have thirty (30) days from the date of such
notice within which to either (i) secure the LC with additional collateral acceptable to Landlord in its reasonable discretion, (ii) provide a substitute LC issued by a banking institution reasonably satisfactory to Landlord having its
senior long term debt rated at least BBB by Moody’s or an equivalent rating service, or (iii) have the LC confirmed by a banking institution reasonably satisfactory to Landlord and having a senior long term debt rated at least BBB by
Moody’s or an equivalent rating service; such confirmation shall be in a form reasonably satisfactory to Landlord. Failure to do one of the foregoing within such 30 day period shall entitle Landlord to present the LC for payment and hold the
proceeds without interest as a security deposit under this Lease. 
 (c) Upon (i) the occurrence of an Event of Default by Tenant (other
than a nonmonetary default described in Section 18(b) hereof), (ii) Landlord giving Tenant written notice of such occurrence (other than the occurrence of an Event of Default described in Section 18(e), as to which Landlord shall not be required to
give any notice hereunder) and (iii) Tenant failing to cure, within ten (10) days of its receipt of such notice, any Event of Default about which Landlord gave (and was obligated under this Section 31(c) to give) Tenant notice, Landlord shall have
the right, in addition to any or all other remedies contained herein, to present the LC for payment. 

  
 17 

 32. Notice of Available Space. If and when any rentable space located on the first floor of the Building
is or shall be available for lease, Landlord shall promptly inform Landlord of such availability. 
 33. Miscellaneous. 

(a) If requested by Landlord, Tenant shall furnish appropriate evidence of the valid existence and good standing of Tenant and the authority
of any parties signing this Lease to act for Tenant. If requested by Tenant, Landlord shall furnish appropriate evidence of the valid existence and good standing and the authority of any parties signing this Lease to act for Landlord. 

(b) This document, including the Lease Addendum, embodies the entire contract between the parties, and supersedes all prior agreements and
understandings between the parties related to the Premises, including all lease proposals, letters of intent, and similar documents. All representations, warranties, or agreements of an inducement nature, if any, are merged with, and stated in this
document. This Lease may be amended only by a written instrument executed by both Landlord and Tenant. 
 (c) No consent or approval by
Landlord shall be effective unless given in writing signed by Landlord or its duly authorized representative. Any consent or approval by Landlord shall extend only to the matter specifically stated in writing. 

(d) The captions appearing in this Lease are included solely for convenience and shall be given any effect in construing this Lease. 

(e) If any provision of this Lease shall not be affected. Each separate provision of this Lease shall be valid and enforceable to the fullest
extent permitted by law. 
 (f) This Lease binds not only Landlord and Tenant, but also their respective successors, and assigns (to the
extent assignment is permitted by this Lease). 
 (g) This Lease is governed by the laws of the State of Tennessee. 

(h) All references to “business days” in this Lease shall refer to days that national banks are open for business in the city where
the Property is located. Time is of the essence of this lease. 
 (i) All references to “mortgage(s)” in this Lease shall include
deeds of trust, deeds to secure debt, other security instrument, and any ground or other lease under which Landlord may hold title to the Property as lessee. All references to “mortgagee(s)” in this Lease shall include trustees, secured
parties, ground or other lessors, and other parties holding any lien, security, or other interest in the Property pursuant to any mortgage. 

(j) Any liability of obligation of Landlord or Tenant arising during or accruing with respect to the term of this Lease shall survive the
expiration or earlier termination of this Lease, including without limitation, obligations and liabilities relating to (i) the final adjustment of estimated installments of Additional Rent to actual Additional Rent owed, (ii) the condition
of the Premises or the removal of Tenant’s property, and (iii) indemnity and hold harmless provisions of this Lease. 

  
 18 

 (k) Tenant agrees not to record this Lease. Tenant may record a memorandum of this Lease in a
form approved by Landlord in writing prior to recording provided Tenant pays all taxes, recording fees, or other governmental charges incident to such recording. The memorandum shall not disclose the rent payable under this Lease and shall expressly
provide that it shall be of no further force or effect after the last day of the Term or on filing by Landlord of an affidavit that this Lease has expired or been terminated. Additionally, Tenant shall not disclose the terms of this Lease to any
third party except (i) legal counsel to tenant, (ii) any assignee of Tenant’s interest in this Lease or sublessee of Tenant, (iii) as required by applicable law or by subpoena or other similar legal process, or (iv) for
financial reporting purposes. Tenant may disclose this Lease to corporate lenders and outside audit firms. 
 (l) Landlord has delivered a
copy of this Lease solely for Tenant’s review, and such delivery does not constitute an offer to Tenant or an option reserving the Premises. This Lease shall not be effective until executed by both parties, 

(m) Lessor acknowledges that the Tennessee Department of Financial Institutions, the Federal Deposit Insurance Corporation and the Federal
Reserve Board (individually, a “Regulatory Authority,” and collectively, the “Regulatory Authorities”) are reviewing this Lease in connection with the application for Bank of a Tennessee state banking charter and the application
of Lessee for a financial holding company, both of which applications are or will be filed with one or more Regulatory Authorities. In the event that any Regulatory Authority shall request revisions to this Lease in connection with its review of
these applications, Lessor and Lessee shall negotiate in good faith to make reasonable amendments to this Lease addressing the revisions required by any Regulatory Authorities and necessary to obtain the approval of such Authority to one or both of
these applications. 
 (n) This Agreement may be executed in multiple originals or counterparts, each of which shall be deemed to be an
original and all of which shall constitute one and the same instrument. This Agreement may be executed by facsimile, with original signature pages to follow. 

[Signatures on next page] 

  
 19 

 IN WITNESS WHEREOF, the parties have caused this Lease to be executed pursuant to authority duly
given as of the day and year first above written. 
  

					
	LANDLORD:
	
	PCC INVESTMENTS II, LLC
		
	By:	 	

		 	  

		 	Its:	 	 MANAGING PARTNER

	
	TENANT:
	
	FRANKLIN FINANCIAL NETWORK, INC.
		
	By:	 	

		 	  

		 	Its:	 	 Founder

  
 20 

 EXHIBIT A 

The Real Property 
 Land in
Williamson County, Tennessee, being Lot No. 5, on the Plan of Lincoln Square Subdivision, as shown on plat of record in Plat Book 29, page 117, in the Register’s Office of Williamson County, Tennessee, to which plat reference is hereby
made for a more particular description. 
 Being the same property conveyed to PCC Investments II, LLC, a Tennessee limited liability company, by Deed of
record in Book 3414, page 745, Register’s Office for Williamson County, Tennessee. 

  
 21 

 EXHIBIT B 

Work Letter 

Suites 201, 202 and 203 

This Work Letter is dated May 11, 2007, between PCC INVESTMENTS II, LLC, a TENNESSEE limited liability company
(“Landlord”), and FRANKLIN FINANCIAL NETWORK, INC., a TENNESSEE corporation (“Tenant”). 
 RECITALS 

A. This Agreement is attached to and forms a part of that certain Lease dated
                 , 2007 (the “Lease”), pursuant to which Landlord has leased to Tenant 6,477 sq. ft. of certain office space (plus 815 sq. ft. of outdoor
balcony space), specifically Suite 201, 202 and 203 of the building commonly known as Aspen Brook Village, 3301 Aspen Grove Drive, Franklin, Tennessee, as such space is more specifically described in the Lease (the “Leased Space”). 

B. Tenant desires to make certain Tenant Improvements to the Leased Space, upon the terms and conditions contained in this Agreement. 

NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged, Landlord and Tenant agree as follows: 

 

	1.	General Provisions 

 1.1 Landlord shall provide Tenant with an allowance of Twenty and
00/100 Dollars ($20.00) per square foot for the 6,477 sq. ft. of the base premises in the Leased Space, i.e. $129,540.00 (the “Allowance”), for work in preparing the Leased Space for Tenant’s occupation, use and enjoyment under the
terms of the Lease (the “Work”). The Work shall consist of the following: (i) the development of space plans, working drawings and all other “Construction Documents” (as described in Section 3.2 hereof), including supporting
engineering studies (i.e., structural design or analysis, lighting or acoustical evaluations, or other studies as determined by Tenant’s architect) and (ii) all work necessary to construct the improvements necessary for Tenant’s
occupation, use and enjoyment of the Leased Space, including, without limitation, all work shown on the working drawings approved by Landlord, which work will create finished ceilings, walls, and floor surfaces, as well as complete HVAC, lighting,
electrical, and fire protection system for the Leased Space; provided, however, Landlord will not deliver the Leased Space to Tenant in order to commence the construction of such improvements until Landlord shall have paid for and caused the
installation on the Leased Space of all sheetrock/gypsum board walls, poured floors, roof curbs, sprinkler heads (as turned up in the Leased Space), electrical panel (400 AMP) and HVAC units, which shall be installed to 1 ton per 320 square

  
 22 

 
foot, and all of which shall be reasonably acceptable to Tenant The Allowance shall be available for the costs of constructing the leasehold improvements to the Leased Space and other costs
appertaining to such construction (the “Construction Costs”), which improvements are described in the Construction Documents (the “Tenant Improvements”). The Construction Costs shall include, without limitation, (a) all
architectural, legal and engineering fees and expenses pertaining to the Work; (b) all contractor and construction manager costs and fees pertaining to the Work; (c) all permits and taxes pertaining to the Work or the Tenant Improvements;
(d) all labor and material for the Work; (e) all fees to governmental authorities for permits, inspections and certificates of occupancy pertaining to the Work or the Tenant Improvements; (f) utilities during the construction of the
Tenant Improvements; (g) all costs associated with any change, modification, or addition to the space plan, working drawings or any other Construction Document, as approved by Landlord and Tenant (a “Change Order”); and (h) all
other out-of-pocket costs and expenses incurred by Tenant and/or Landlord directly related to the preparation of any of the Construction Documents or the construction of the Tenant Improvements or other sums due on the Work; provided, however, no
portion of the Constructions Costs shall include any expenses paid or used for any movable furniture, other tangible personal property not permanently attached to the Leased Space, working capital for Tenant, or Base Rent or any other payments due
under the Lease. Also, Tenant acknowledges and agrees to pay Landlord a project management fee of $0 per square foot of the Leased Space for Landlord’s management services relating to the Work if Tenant engages as its architect for the Work The
Innovations Group, LLC; such fee shall be $.50 per square foot if Tenant engages some other architect for the project. This project management fee shall be paid from the Allowance and shall not be included in the Operating Expenses or as Additional
Rent. Notwithstanding anything herein to the contrary, Landlord makes no representation or warranty that the Allowance is sufficient to pay the full amount of the Construction Costs. 

1.2 If the Construction Costs exceed the Allowance, then Tenant shall pay such excess prior to taking occupancy of the Leased Space. Tenant
agrees that in the event Tenant defaults in the timely payment of that amount of the Construction Costs that exceeds the Allowance, Landlord (in addition to all other remedies available to it) shall have the same rights as those rights arising under
the Lease upon an event of default under the Lease because of the failure to pay timely Base Rent or other sums due under the Lease. 
 1.3
If, because of an omission, delay or default hereunder by Tenant or anyone acting under or for Tenant, the Work is not substantially completed by September 15, 2007 (the “Projected Completion Date”), the obligations of Tenant under
the Lease (including, without limitation, the obligation to pay Base Rent) shall nonetheless commence as of the Projected Completion Date. 

1.4 The “Substantial Completion” of the Work shall be deemed performed when all of the following have occurred:
(a) Tenant’s architect executes and delivers to Tenant and Landlord a Certificate of Substantial Completion with respect to the Tenant Improvements evidencing, among other things, that Tenant has constructed the Tenant Improvements in
substantial compliance with the Construction Documents; (b) Tenant and/or Landlord shall have obtained a certificate of occupancy for the Leased Space from the governmental authority which has authority to issue such certificates in the
jurisdiction wherein the Leased Space are located; and (c) Landlord and Tenant shall have accepted the Tenant Improvements as being in substantial conformity with the Construction Documents. 

  
 23 

 1.5 Without the prior consent of Landlord, which consent Landlord can withhold according to its
sole and unlimited discretion, neither Tenant nor Tenant’s authorized representatives (including “Tenant’s Design Consultants”, as defined in Section 2.1 hereof) will alter or modify or in any manner disturb the following
systems or installations of the Building: fire or smoke rated partitions; “Central” (as hereinafter defined) plumbing systems; Central electrical systems; Central heating, ventilating and air conditioning systems; Central fire protection
and fire alert systems; Central building maintenance systems; Central structural systems; and elevators. Only with Landlord’s express permission, which consent Landlord can withhold according to its sole and unlimited discretion, and under the
direct supervision of Landlord or Landlord’s authorized representative shall Tenant or Tenant’s authorized representative alter, modify or in any manner disturb any such system or installation or any “Branch” (as hereinafter
defined) of any such system or installation located within the Leased Space, including, but not limited to Branch plumbing system, Branch electrical system, Branch heating, ventilating and air conditioning system, and Branch fire protection and
alert system. For purposes of this Agreement, the term “Central” shall be defined as that portion of the Building system or component which is common to and/or serves or exists for the benefit of all tenants in the Building, and shall
include, but shall not be limited to, main fire loops on each floor of the Building and duct work to any variable air volume air-handling unit (a “VAV box”). For purposes of this Agreement, the term “Branch” shall be defined as
that portion of any Building system or component which serves to connect or extend Central systems into the Leased Space. 
 1.6 All design,
construction and installation of the Work shall conform to the requirements of applicable building, plumbing, electrical and fire codes and the requirements of any authority having jurisdiction over or with respect to the Work, as such codes and
requirements may from time to time be amended or supplemented. Furthermore, all such design, construction and installation of the Work is subject to the prior written approval of Landlord. 

1.7 Tenant agrees to use, as a part of the Work, Building standard materials for the following: corridor doors, VAV boxes, hardware, lights or
other materials, unless other corridor doors, VAV boxes, hardware or lights are requested by Tenant and approved in writing by Landlord, which approval shall not be unreasonably withheld or delayed. 

1.8 Tenant acknowledges that Landlord has entered into the Lease in reliance on the diligent and good faith cooperation and performance of
Tenant in the timely completion of the Work. Also, Landlord hereby covenants and agrees that it will cooperate with Tenant, diligently and in good faith, in order that Tenant may be able to complete the Work by the Projected Completion Date. 

1.9 Tenant shall not be entitled to any credit for any portion of the Allowance not expended as Construction Costs. 

  
 24 

	2.	Preliminary Design Consultant Decisions and Schedule for Work Activities 

 2.1 Not later
than fourteen (14) days, Tenant shall inform Landlord in writing of the name and contact information for each of its architects, engineers and interior designers for, among other things, Tenant’s space plan for the Leased Space
(“Tenant’s Design Consultants”). 
 2.2 Below is a schedule of activities for the Work. 

(a) Tenant’s architect shall expeditiously prepare a space plan and forward it to Landlord. Upon receipt thereof, Landlord shall have
five (5) days to review the space plan (or two (2) business days if The Innovations Group, LLC is the architect for the Work). If Landlord does not respond within such five (5) day period (or such two (2) business day period, as
the case may be), the plan shall be deemed approved. If Landlord objects to that plan, Tenant shall resubmit a revised space plan to Landlord, and such revised plan shall be treated as through it was the first proposed space plan prepared pursuant
to this Section. The space plan approved by Landlord shall be the “Final Space Plan”. 
 (b) After Landlord’s approval of the
Final Space Plan, Tenant shall promptly cause to be prepared and delivered to Landlord a preliminary estimate of the cost of the Tenant Improvements for Landlord’s approval or rejection. The estimated construction cost approved by Landlord,
which approval shall not be unreasonably withheld or delayed, shall be the “Estimated Construction Cost.” 
 (c) Upon
Landlord’s approval of the Estimated Construction Cost, Tenant shall cause to be prepared and delivered to Landlord the working drawings, a construction schedule for the Tenant Improvements, and a final cost proposal for the Tenant
Improvements, all in accordance with the Final Space Plan. Upon receipt thereof, Landlord shall have five (5) days to review such drawings, schedule and proposal (or two (2) business days if The Innovations Group, LLC is the architect for
the Work). If Landlord does not respond within such five (5) day period (or such two (2) business day period, as the case may be), such drawings, schedule and proposal shall be deemed approved. If Landlord objects to any of the foregoing,
Tenant shall resubmit revised working drawings, construction schedules and cost proposals pursuant to this Section until Landlord approves of all such Construction Documents. 

(d) Landlord’s review, inspection or approval of plans, working drawings, construction schedules, cost proposals, any other Construction
Document or the Tenant Improvements shall not be construed as any representation or warranty by Landlord that any of the foregoing comply with applicable legal requirements or that the Tenant Improvements are being constructed in accordance with the
working drawings. 
 (e) Following approval by Landlord of the working drawings, the construction schedule, and the final cost proposal,
Tenant shall cause applications to be made to the appropriate governmental authorities for necessary approvals and building permits for the Tenant Improvements. Upon receipt of the necessary approvals and permits, Tenant shall promptly begin
construction of the Tenant Improvements and diligently proceed to completion of construction of the Tenant Improvements. All Tenant Improvements shall be constructed in a good and workmanlike manner and in compliance with all federal, state and
local laws, 

  
 25 

 
ordinances, rules and regulations, and free of all liens and claims of contractors and material suppliers. During construction of the Tenant Improvements, Tenant shall cause all construction
debris to be promptly removed and shall take all reasonable precautions to avoid safety and fire hazards. Tenant shall promptly repair any damage to the Building caused by Tenant, its employees, agents or contractors during the construction of the
Tenant Improvements. 
  

	3.	Preparation of Construction Documents 

 3.1 Landlord shall cooperate with Tenant in
developing plans and specifications for the Work, which plans and specifications shall be prepared by Tenant’s Design Consultants. All costs associated with the review and approval of the plans and specifications by Landlord or Landlord’s
architect and engineers shall be paid by Tenant, and such costs shall be applied against the Allowance. Tenant shall contract with each of Tenant’s Design Consultants, and Tenant shall be solely responsible for payment of all fees and/or
payments due Tenant’s Design Consultants. Tenant’s architect (the “Project Architect”) and Tenant’s engineers must be licensed to practice his/her professional discipline in the State of Tennessee and shall be capable of
providing appropriately stamped Construction Documents to local government officials for permit approvals. In connection with costs incurred in connection with the Work, Tenant shall not suffer or permit any mechanic’s liens or
materialmen’s liens to be filed against the real property of which the Leased Space form a part or against the Tenant’s leasehold interest in the Leased Space. 

3.2 Tenant and/or Tenant’s architect shall submit all Construction Documents to Landlord for Landlord’s approval. Upon receipt of
each Construction Document, Landlord shall have five (5) days (or two (2) business days if The Innovations Group, LLC is the architect for the Work) to approve or deliver written comments regarding the Construction Documents to Tenant. If Landlord
does not respond within such five (5) day period (or such two (2) business day period, as the case may be), each such Construction Document shall be deemed approved. Landlord may withhold its approval of any space plan, working drawings, plans and
specifications, Change Order or other Construction Document for any reason it deems appropriate, including, without limitation, for any of the following reasons: any such space plan, working drawing, plans and specifications, Change Order or other
Construction Document: (a) exceeds or adversely affects the structural integrity of the Building, or any part of the heating, ventilating, air conditioning, plumbing, mechanical, electrical or communication system, or any other Central system of the
Building; (b) is not approved by the holder of any mortgage or deed of trust encumbering the Building at the time the Work is proposed; (c) violates any agreement which affects the Building or binds the Landlord; or (d) does not conform to
applicable building code or is not approved by any governmental, quasi-governmental, or utility authority with jurisdiction over the Project. Tenant may authorize changes to the Tenant Improvements during construction subject to Landlord’s
prior approval in accordance with this Section 3.2. Prior to commencing any change to the Work, the Tenant Improvements or any Construction Document, Tenant shall prepare and deliver to Landlord, for Landlord’s approval, a Change Order. If
Landlord fails to approve such Change Order within five (5) days after delivery by Tenant (or two (2) business days if The Innovations Group, LLC is the architect for the Work), Landlord shall be deemed to have approved the proposed change. The
“Construction Documents” are or shall be, without limitation, space plans, working drawings, plans and specifications, architect’s contract, construction contracts, construction schedules and cost proposals for the Tenant

  
 26 

 
Improvements and shall set forth or describe, without limitation, the Tenant Improvements, the requirements for the construction of the Tenant Improvements on the Leased Space and the quality of
materials and systems required for the Leased Space. The Construction Documents shall comply with local building codes, regulations and laws and include, without limitation, mechanical (heating, ventilating and air conditioning), fire protection,
plumbing and electrical drawings and specifications. The Construction Documents shall be provided to Landlord in the following formats: two (2) sets of each such document and one CD-ROM disk containing the documents in the CAD format approved
by Landlord. 
 3.3 Tenant shall be responsible to coordinate the efforts of Tenant’s Design Consultants to ensure that no delays are
caused in the planning or construction of the Work. Tenant shall pay the cost of any construction delays caused by Tenant’s Design Consultants. 

3.4 Tenant shall indemnify Landlord against any and all claims, demands, liabilities, losses and expenses, including, without limitation,
consultant fees, court costs and reasonable attorneys’ fees, arising from or caused in whole or in part, directly and indirectly, from the acts or omissions of Tenant’s Design Consultants in, on and around the Leased Space and the Building
or arising from the services rendered by Tenant’s Design Consultants. The foregoing indemnity obligations shall survive the expiration or earlier termination of the Lease and this Work Letter. 

 

	4.	Completion of Leased Space 

 4.1 Not later than ten (10) days after the Lease is
executed by both parties, Tenant shall inform Landlord in writing of the name of, and the contact information for, the contractor that Tenant wants to construct the Tenant Improvements in the Leased Space (“Tenant’s Contractor”).
Thereafter, Tenant shall contract with Tenant’s Contractor for the construction of the Tenant Improvements. 
 4.2 All work involved in
completion of the Work shall be carried out by Tenant’s Contractor, at Tenant’s sole expense under the directions of the Project Architect. Tenant’s Contractor must be licensed as a contractor to perform the Work in the city, county
and state in which the Leased Space are located. Tenant’s Contractor must be approved in writing by Landlord prior to the commencement of the Work. Tenant covenants not to begin the contractor bidding process, if any, for the Work until the
Construction Documents are approved by Landlord. Landlord shall cooperate with Tenant and Tenant’s Contractor to promote the efficient and expeditious completion of the Work. Tenant shall not, in connection with fees due to Tenant’s
Contractor, suffer or permit any mechanic’s liens or materialmen’s liens to be filed against the real property of which the Leased Space forms a part or against the Tenant’s leasehold interest in the Leased Space. 

4.3 Upon receiving the consent from Landlord, Tenant’s Contractor may use the Final Space Plan and the Construction Documents. 

4.4 During the Work, if there are any changes in the Work requested by or on behalf of Tenant, from the work as reflected in the Construction
Documents, each such change must receive the prior written approval of Landlord, which approval shall not be unreasonably 

  
 27 

 
withheld or delayed, and must be paid for by Tenant, but which shall be subject to payment under the Allowance. Any dispute with respect to the Work shall be conclusively resolved by the Project
Architect. 
 4.5 Prior to commencing the construction of the Work, Tenant must have the following insurance policies: 

 

	 	(a)	Commercial General Liability - Bodily Injury/Property Damage (occurrence basis), $1,000,000 each occurrence, or equivalent, subject to $2,000,000 aggregate. This policy shall be on a form acceptable to Landlord,
endorsed to include Landlord as an additional insured, and state that this insurance is primary insurance as regards any other insurance carried by Landlord, and shall include the following coverage: Leased Space/Operations; Independent Contractors;
completed operation for a period of two (2) years following the date of the final completion of the Work; Broad Form Contractual Liability; Broad Form Property Damage; and Personal Injury Liability with employees and contractual exclusions
removed. 

  

	 	(b)	All Risk Builder’s Risk Insurance - Prior to commencement of the Work, Tenant’s Contractor shall obtain on a policy acceptable to Landlord, and thereafter at all times during the performance of the Work
maintain All Risk Builder’s Risk Insurance insuring the interest of Landlord and Tenant’s Contractor, as their interests may appear, set forth in the single policy, written on the completed value basis in an amount not less than the
Construction Costs and all authorized change orders. 

  

	 	(c)	Comprehensive Automobile Liability - Bodily Injury/Property Damage $500,000 per occurrence, single limit. This policy shall be on a standard form written covering all owned, hired and non-owned automobiles. This
policy shall be endorsed to include Landlord as an additional insured and state that this insurance is primary as regards any other insurance carried by Landlord. 

 

	 	(d)	Workers’ Compensation. Tenant’s Contractor shall maintain during the construction period, statutory workers’ compensation insurance as required by applicable law for all of Tenant’s
Contractor’s employees or workers at the site of the work. In case any work is sub-contracted, Tenant’s Contractor shall require all of its subcontractors or agents to provide workers’ compensation insurance for all its employees.

  

	 	(e)	Umbrella Liability Insurance. Tenant’s Contractor shall furnish umbrella excess liability insurance coverage on a policy acceptable to Landlord, providing coverage in excess of the limits specified above
(except for workers’ compensation). Such policy shall have the same inception and expiration dates as the underlying liability policies and coverage not less broad than those in the primary policies. Minimum limits shall be: $2,000,000 each
occurrence; and $5,000,000 annual aggregate. 

  
 28 

 4.6 Prior to commencing and at all times during the construction of the Work, Tenant must have
the following surety bonds: 
  

	 	(a)	Performance Bond. Tenant shall cause Tenant’s Contractor, as principal, to obtain and keep in effect a bond ensuring its full performance in accordance with the Construction Documents. Landlord shall be
named as the obligee of the performance bond. The performance bond shall comply with the laws of the State of Tennessee in all respects, be issued by a surety authorized to furnish such instruments, and otherwise be in a form reasonably acceptable
to Landlord. The penal sum of the performance bond shall be 100% of the anticipated cost of constructing the Work. Upon Landlord’s request, Tenant shall provide Landlord with written evidence of Tenant’s Contractor compliance with this
Section; and 

  

	 	(b)	Payment Bond. Tenant shall cause Tenant’s Contractor, as principal, to obtain and keep in effect a bond insuring its full payment of all subcontractors and suppliers in connection with the Work. Landlord
shall be named as the obligee of the payment bond. The payment bond shall comply with the laws of the state in which the Leased Space are located in all respects, be issued by an surety authorized to furnish such instruments, and otherwise be in a
form reasonably acceptable to Landlord. The penal sum of the payment bond shall be 100% of the anticipated cost of constructing the Work. Upon Landlord’s request, Tenant shall provide Landlord with written evidence of Tenant’s
Contractor’s compliance with this Section. 

 4.7 Tenant shall be responsible for the cost of repairing any damage to the
Building core and shell caused by Tenant or Tenant’s Contractor. Such repairs shall be made under the supervision of Landlord’s architect. 

4.8 Prior to commencing the Work, Tenant shall cause Tenant’s Contractor to deliver to Landlord the “Access Agreement,” in the
form attached hereto as Schedule 1, duly executed by Tenant’s Contractor, governing access and security to the Building. 
 4.9
Tenant shall be solely responsible for making all payments due to Tenant’s Contractor. In the event of a default by Tenant’s Contractor, Tenant shall be responsible for payment of all construction costs to complete the Work. 

4.10 If Tenant’s Construction Work is not substantially completed by August 15, 2007 or not constructed by Tenant’s Contractor
in accordance with the Construction Documents, in Landlord’s discretion (after a reasonable opportunity to cure), or Tenant’s Contractor shall be in breach of the Access Agreement (after a reasonable opportunity to cure), then Landlord
shall have the right to deny access to the Building to Tenant’s Contractor. In such case, Landlord shall have the right to retain another contractor, at Tenant’s cost to complete the Work. 

4.11 The Allowance shall be paid by Landlord to Tenant not more frequently than monthly as the Work progresses. It is a condition precedent to
each disbursement of the Allowance that Tenant provide Landlord with an invoice for the desired draw, stating the dollar amount requested and the work for which payment is requested, together with evidence (such as

  
 29 

 
a certification of the Project Architect) that such work has been performed and billed by Tenant’s architects, engineers, contractors, or other service providers. Each request for
disbursement shall also include signed lien releases from Tenant’s Contractor and subcontractors for that portion of the Work for which Tenant is requesting reimbursement. Notwithstanding the foregoing, Landlord will not advance funds from the
Allowance in excess of the then estimated completion level for the Work, as determined by Landlord in Landlord’s reasonable discretion [For example, the total Allowance is $100,000.00. Tenant submits an invoice for $20,000.00 of the Work (the
“First Request Work”). Landlord determines that the Work is 10% complete after the First Request Work. Accordingly, assuming Tenant complies with the other provisions of this Section 4.11 and this Lease, Landlord would make a payment
of $10,000.00 to Tenant for the First Request Work (10% of $100,000.00).] Notwithstanding the foregoing, the amount paid by Landlord to Tenant for a draw request will not exceed the amount of Tenant’s draw request. Nothing in this subsection
shall make any architect, engineer, contractor or other service provider a third party beneficiary of the Allowance, and Tenant shall remain solely responsible for making all payments to them in connection with any work done for Tenant. 

4.12 Within ten (10) days after the Work is substantially completed, Tenant shall cause Tenant’s architect to deliver to Landlord
complete “as-built” drawings of the Work. Such plans may not be used in connection with the design of other suites in the Building or otherwise without the prior written approval of Tenant and Tenant’s architect. Such plans shall
become the property of Landlord but may be used only to maintain and operate the Building. Also, within such ten (10) day period, Tenant shall cause Tenant’s Contractor to perform the following: (a) delivery to Landlord of signed lien
releases from each of Tenant’s contractors and subcontractors; (b) issuance of a certificate of occupancy on the interior improvements of the Leased Space by the appropriate governmental authority; and (c) delivery of an assignment of
construction warranties to Landlord by Tenant. 
 4.13 The failure by Tenant to perform any of its duties hereunder shall constitute an
Event of Default under the Lease. 
 Executed as of the date above first written. 

 

			
	LANDLORD:
	
	PCC INVESTMENTS II, LLC
		
	By:	 	

	Title:	 	MANAGING PARTNER
	
	TENANT:
	
	FRANKLIN FINANCIAL NETWORK, INC.
		
	By:	 	

	Title:	 	Founder

  
 30 

 Schedule 1 

The Access Agreement 
 Building Name:
Aspen Brook Village (“Building”) 
 Building Address: 3301 Aspen Grove Drive, Franklin, Tennessee 

Building Owner: PCC Investments II, LLC (“Landlord”) 

Property Manager:                     (“Property
Manager”) 
 Tenant Name: Franklin Financial Network, Inc. (“Tenant”) 

Tenant’s Suite or Leased Space description: Suites 201, 202 and 203 (the “Leased Space”) 

Contractor
Name:                                        
(“Contractor”) 
 CONTRACTOR HAS BEEN ENGAGED TO PERFORM CERTAIN TENANT IMPROVEMENTS TO THE LEASED SPACE IN CONNECTION WITH TENANT’S USE
AND OCCUPANCY OF THE LEASED SPACE PURSUANT TO A LEASE AGREEMENT WITH LANDLORD. BY EXECUTING THIS AGREEMENT, CONTRACTOR AGREES TO (A) PERFORM CONTRACTOR’S WORK IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS AGREEMENT, (B) REQUIRE
ITS SUBCONTRACTORS, IF ANY, TO SIGN AND DELIVER TO LANDLORD AND PROPERTY MANAGER, IF ANY, A DUPLICATE OF THIS AGREEMENT, AND (C) CAUSE ITS SUBCONTRACTORS TO COMPLY WITH THE TERMS AND PROVISIONS OF THIS AGREEMENT. 

BUILDING ACCESS AND SECURITY: 
  

	 	1.	Access to and use of existing facilities and site will be restricted and shall be under the direction and control of Landlord and Property Manager, if any. Landlord and Property Manager, if any, must be notified at
least 24 hours prior to commencement of construction. Contractor shall present Landlord or Property Manager, if any, with a current Certificate of Liability Insurance covering its planned operations within the Building and a building permit for the
work prior to the start of operations. 

  

	 	2.	Contractor is to contact Landlord or Property Manager, if any, if contact or scheduling with Building security and engineering is required in order to construct any improvements in the Leased Space. Landlord, in
Landlord’s sole discretion, may require that Building security be on duty during “after hours work” (as defined in Item 8 below). It will be necessary to have Building engineering present to coordinate any tie-in to existing
Building systems. Contractor will pay the cost of after hour security (if required by Landlord) and engineering. 

  

	 	3.	 All new door hardware shall conform to the Building standards. All door hardware not conforming to the Building standards shall be removed and
replaced at Contractor’s sole expense. Temporary construction change keys shall be employed during Contractor operations. Landlord or Property Manager, if any, shall have a copy of all such keys so that access to all areas of the Building are
available to Landlord or Property Manager, if any. Following completion of construction, 

  
 31 

	 	
Landlord or Property Manager, if any, shall permanently key the space. Contractor shall deliver to Landlord and Property Manager, if any, all construction change keys in its/their possession at
that time. 

  

	 	4.	Contractor shall consult with Landlord or Property Manager, if any, about the use of Building utilities for construction use. Under no circumstances shall Contractor use Building electrical service, water service, gas
service or any other utility, if any, for construction purposes without the prior consent of Landlord or Property Manager, if any. Without such consent and approval by Landlord or Property Manager, if any, Contractor shall be responsible for
providing all temporary utilities necessary for construction. 

  

	 	5.	Contractor shall utilize the designated loading dock/delivery zone as necessary for loading and unloading of equipment and supplies and shall promptly (within two hours) remove all vehicles from the delivery zone and
park only in areas that have been designated for Contractor’s use by Landlord and Property Manager, if any. All vehicles violating the above policy shall be towed at Contractor’s expense. Contractor shall enter the Building via the
freight/service Building entrance and shall only utilize the elevator designated for Contractor use by Landlord or Property Manager, if any. Protective pads shall be installed and used in the elevator at all times during Contractor’s use of the
equipment. Contractor shall protect all Building core and shell flooring with 5 mill polyethylene sheets with an adhesive on one side. 

  

	 	6.	If Contractor requires removal of exterior windows/doors to move required materials/equipment into the Building, Contractor shall contact Landlord or Property Manager, if any, in advance of such operations to gain
its/their approval. 

  

	 	7.	Contractor’s designated representative shall check in and out with Property Manager on a weekly basis. 

  

	 	8.	Contractor shall schedule all after hours/weekend work with Landlord or Property Manager, if any, 24 hours prior to arrival to perform such work. “After hours work” shall mean any work that will take place
(a) prior to 7 a.m. or after 7 p.m. Monday through Saturday or (b) on a national holiday. (See item 12 below for rules regarding after hours work). Building security will not permit after hours access to Contractor if such
Contractor’s work has not been properly scheduled, except that unscheduled access shall be permitted to correct circumstances which may threaten imminent danger to the Leased Space, the Building or the Building’s occupants.

  

	 	9.	Landlord and Property Manager, if any, shall not be held responsible for loss, damage or theft of Contractor’s tools, equipment, materials, supplies, etc. 

 

	 	10.	A 24-hour telephone answering machine service or pager should be maintained by Contractor to allow for 30-minute reply time for request from Landlord and Property Manager, if any. Names and telephone numbers (including
after-hours numbers) of Contractor’s superintendent/foreman shall also be made available to Landlord and Property Manager, if any, prior to start of the work. 

  
 32 

	 	11.	The following categories of work and such other categories as Landlord and/or Property Manager shall determine in the future shall be performed as “after hours work”: access to an adjacent tenant suite to
perform work; core-drilling, use of shot- driven pins, use of chipping hammers, use of any other tools or equipment that, in the opinion of Landlord and Property Manager, if any, produce excessive noise and/or vibration, any work that creates
noxious fumes or odors in areas outside the Leased Space, any work involving utility taps, connections or the like which would interrupt services for existing tenants. If any Contractor operations, in the opinion of Landlord and Property Manager, if
any, present a disruption to tenant services and operations, Landlord and Property Manager, if any, shall contact Contractor and inform its to cease operations immediately. Contractor shall comply with this order and coordinate with Landlord and
Property Manager, if any, on resumption of activities. If any additional cost results from these requirements Contractor will be responsible for such cost. 

SAFEGUARDS TO LEASED SPACE AND PROPERTY: 
  

	 	1.	Contractor shall take proper precautions to protect all existing operations and property in the Building with which its work comes in contact, or over which it must transport, hoist or move materials, equipment, debris,
etc. Contractor shall repair, to Landlord’s satisfaction, all damages caused by Contractor in the Building during construction connected with any improvements constructed on the Leased Space. Contractor shall bear the sole burden for such
costs. 

  

	 	2.	 Contractor shall coordinate all Fire Alarm System and Fire Sprinkler system related work with, Landlord or Property Manager, if any. No Fire Alarm
System or Fire Sprinkler System related work will be performed until proper steps have been taken to secure that false alarms will not sound, that adequate Building protection will be maintained, and that the proper agencies have been notified of
Fire Safety System down time. Contractor also will coordinate with Landlord or Property Manager, if any, for the proper restoration of Fire Alarm Systems or Fire Sprinkler Systems to normal operation once work is complete. Under no circumstances
shall Contractor leave the Building until all Fire Alarm Systems and Fire Sprinkler Systems affected by Contractor’s work have been restored to normal operating status. Contractor shall take adequate steps to prevent false alarms or other
unnecessary alarms that occur as a direct or indirect result of its work within the Building. These steps shall include protection of smoke detection devices from smoke, dust, and debris during construction, use of sweeping compound when sweeping
floors to avoid dust, and proper precautionary measures taken when working around other alarm initiating devices such as pull stations, water flow detectors, and fire safety related power sources. All work that, for any reason, may activate the Fire
Alarm System must be first reported to Landlord and Property Manager, if any, so that appropriate measure may be taken to prevent a false alarm. Such work includes, but is not limited

  
 33 

	 	
to, welding, sawing, sweeping, painting, soldering, brazing, etc. Contractor shall pay any fines or penalties levied by fire departments for false alarms caused by Contractor’s negligence or
failure to adhere to the requirements of this Agreement. 

  

	 	3.	Contractor shall observe the following fire safety precautions at all times: 

  

	 	a.	An approved fire extinguisher must be within reach of all welding/brazing work or other open flames. 

  

	 	b.	Acetylene, oxygen, or other types of pressurized gas bottles must be in an upright position and strapped to an immovable object to prevent the bottle from falling. 

 

	 	c.	When arc welding, protective shields must be placed around the work to shield others from eye damage. 

  

	 	d.	Contractor shall not use frayed, damaged, or improperly rated power cords and shall not string power cords across walk areas. 

  

	 	e.	No flammable liquids may be brought into the Building without Landlord and Property Manager, if any, approval, or stored in the Building overnight. 

 

	 	f.	Contractor shall maintain a one-hour rated separation between the area under construction and the rest of the Building at all times. Tenant demising walls and corridor walls shall serve this purpose. 

 

	 	4.	During construction in the Leased Space, the main entrance door to the Leased Space should always be left unlocked. Contractor is responsible for their own tools and materials. 

 

	 	5.	At all hours that construction personnel are working within the Leased Space, the main door to the Leased Space shall remain unlocked. After construction has been completed for the day, Contractor shall secure the
Leased Space and lock the main door. 

  

	 	6.	Contractor shall not under any circumstances leave materials and/or equipment unattended in public Building areas. 

  

	 	7.	Contractor is responsible for clearing all debris from the Building core and shell areas each evening. 

  

	 	8.	Contractor is responsible for the supply, maintenance and changing of air duct pre- filters and VAV filters in the designated working area. At the end of construction and after final cleaning, Contractor is responsible
to clean any return air ducts and the inside of the air handler serving the space where the work was performed. 

  
 34 

 STANDARDS AND CONDUCT: 
  

	 	1.	Contractor is to provide to Landlord and Property Manager, if any, and pay all fees for all permits inspections, occupancy certificates, maintenance, and operations manuals, equipment warranties, and such other similar
items necessary or resulting from the improvements constructed by it in the Leased Space. 

  

	 	2.	Should Contractor perform any work that does not comply with the requirements of applicable codes and standards, Contractor shall bear all costs of correcting such defects. 

 

	 	3.	Contractor must maintain existing plumbing, heating, air conditioning, fire protection, and other existing systems, and must retain all existing functions in service except for scheduled disruptions. All such
disruptions of system functions must be scheduled with Landlord and Property Manager, if any, at least 24 hours in advance. No unscheduled disruptions are services are allowed. 

 

	 	4.	All work involving core drilling, spraying, or other functions that may cause disrupting noise, fumes, or odor, or result in necessary access to any occupied tenant space, must be approved by Landlord and Property
Manager, if any, and be performed after normal business hours or on weekends. 

  

	 	5.	All penetrations of piping, duct work, conduits, etc. through walls, partitions, and floors shall be sealed to comply with applicable codes and the satisfaction of Landlord and Property Manager, if any, to maintain the
integrity of Building’s fire safety rating. Also, any openings in walls and partitions made by Contractor for access to construction work shall be patched and/or repaired to comply with applicable codes and maintain existing fire ratings and
meet the satisfaction of Landlord and Property Manager, if any. All core drills pieces are to be removed by Contractor. 

  

	 	6.	It shall be the responsibility of Contractor to cooperate fully with other contractors working within the Building, if any, to keep the Leased Space in a clean and safe condition. At the end of each day’s work,
Contractor shall properly store all of its tools, equipment, and materials and shall clean up its debris from the Building core and shell. Contractor shall provide a final clean up of any job areas of the Building core and shell that were affected
by the Contractor’s work including walls, light fixtures, windowsills, counters, cabinets, floors, etc. 

  

	 	a.	Temporary walk-off mats shall be provided by Contractor, as required, at all construction entrances to the Building. Polyethylene sheets a minimum 5 mill with an adhesive on one side shall be employed by Contractor to
protect existing Building common area (lobbies and public corridors) flooring surfaces during construction operations. 

  
 35 

	 	b.	Sweeping compound will be used when sweeping to minimize and control dust. Failure to use sweeping compound will result in the mandatory halting of work as enforced by Property Manager. 

 

	 	c.	Contractor is responsible for removing all construction debris from the site. The Building’s trash container (dumpster) will not be used for construction debris. Contractor shall discuss a trash removal plan with
Landlord or Property Manager, if any, prior to the start of construction and obtain the approval of Landlord and Property Manager, if any. Under no circumstance shall any of the shell Building exterior windows be removed to facilitate the
installation of a trash chute without prior approval by Landlord or Property Manager, if any. Contractor must furnish a trash receptacle and locate it in a location that is acceptable with Landlord and Property Manager, if any. Contractor will be
back-charged for unauthorized use for Building’s trash facility. 

  

	 	d.	Contractor should protect miniblinds/vertical blinds during construction. (This should be accomplished by either taking down the blinds or raising them to the top of the window and putting plastic over them.)

  

	 	7.	Contractor shall not utilize electrical/telephone rooms, mechanical rooms, or other unauthorized Building or parking areas for storage of tools, equipment, materials, supplies, etc. 

 

	 	8.	Under no circumstances are public toilet facilities to be used. Contractor, in a location approved by Landlord and Property Manager, if any, will install approved facilities. 

 

	 	9.	Contractor shall not lounge or eat in the Building lobbies, hallways, or stairwells. Breaks may be taken in either the assigned work area, or common areas such as a restaurant or snack bar. ALL TENANT SPACES ARE OFF
LIMITS. TENANTS SHALL NOT BE DISTURBED. 

  

	 	10.	Loud noises, radios, stereos, etc. are prohibited. 

  

	 	11.	The use of tobacco, alcohol and drugs are prohibited in the Building. 

  

	 	12.	Cursing, rough housing, leering and other objectionable conduct shall result in the immediate halting of work and expulsion of the responsible individuals from the Building. 

 

	 	13.	Contractor shall notify the Landlord or Property Manager, if any, at least five (5) days in advance of completion of Contractor’s work so that Landlord or Property Manager, if any, may schedule and perform a
final inspection. 

  

	 	14.	Equipment installed by Contractor shall match all existing equipment in the Building (including, but not limited to, thermostats, mixing boxes, diffusers, lights, plumbing fixtures, doors and hardware, ceiling lay-in
pads, VAV units). 

  
 36 

	 	15.	All work shall be bonded at 100% of the cost of the work. 

  

	 	16.	Landlord shall be named an additional insured on Contractor’s insurance policy. 

  

	 	17.	Contractor shall comply with all applicable laws or regulations regarding safety, including without limitation, the Federal Occupational Safety and Health Acct of 1970, as amended from time to time. 

 

	 	18.	Contractor shall not clean any equipment in Building utility closets, restrooms, etc. Contractor, subcontractors, etc. shall not dump any material in hoppers, toilets or drains of any kind. 

 

	 	19.	Contractor shall not use tools, ladders, lights, supplies, etc. owned by Landlord. 

  

	 	20.	Contractor shall maintain on site MSDS information for any product used by Contractor or any subcontractor during the course of the work. 

GENERAL PROVISIONS, RELEASE OF LIABILITY AND INDEMNITY: 

Contractor agrees to familiarize itself thoroughly with all site conditions, limitations, and regulations. The work shall be performed with the
absolute minimum of interference with Landlord’s operation, and Contractor shall be subject to the reasonable directions of Landlord and Property Manager, if any, to enforce the same. Contractor shall use only authorized entrances, elevators,
and storage areas as designated by Landlord and Property Manager, if any. Contractor shall secure and protect the work to be done hereunder and assume full responsibility for the condition thereof until finally accepted by Landlord or Property
Manager, if any. Contractor shall be liable for any loss or damage to any work in place or any equipment or materials on the site caused by Contractor. Contractor shall provide adequate protection of all areas and keep all areas of use clean and
free of debris and unacceptable noise levels. Contractor shall provide for removal of all trash and debris on a daily basis and, if the area is not maintained, Landlord or Property Manager, if any, has the right, with a 72 hour written notice, to
employ its own forces to maintain the area and charge the cost to Contractor. 
 Contractor hereby forever releases and discharges Landlord
and Property Manager, if any, and their respective agents, officers and employees (collectively the “Released Parties”) from any and all liability that results from Contractor’s presence and work in and around the Building. Contractor
agrees to indemnify and save harmless the Released Parties from any and all fines, suits, claims, damages, demands, losses and actions (including reasonable attorneys’ fees and costs) for any injury to person or damage to or loss of property on
or about the Building or the land on which the Building is located. Notwithstanding anything to the contrary herein, 

  
 37 

 
Contractor shall not be required to defend, indemnify or hold Released Parties harmless for any damage or loss caused by the negligence or willful misconduct of Landlord or the Property Manager
or their employees and agents. 
  

			
	CONTRACTOR:	 	  

		
		 	(Print or Type Contractor’s Name)

			
		
	By:	 	                                      
                                         
     

  
 38 

 EXHIBIT C 

Base Rent 
 (1) Base Rent shall be
$18.25/SF for the base premises of the leased space of 6,477 sq. ft. and $10.00/SF for the balcony space of 815 sq. ft. Such Rent shall have an annual increase of 3.0%. The Base Rent is as follows: 

 

																					
	 	  	Annual Base Rent	 	  	Monthly
Base Rent	 
	 	  	Base Premises	 	  	 	  	Balconies	 	  	 	  	Total	 	  	 	 
							
	 Months 1-12
	  	$	118,205.25	  	  	+	  	$	8,150.00	  	  	=	  	$	126,355.25	  	  	$	10,529.60	  
	 Months 13-24
	  	$	121,751.40	  	  	+	  	$	8,394.50	  	  	=	  	$	130,145.90	  	  	$	10,845.49	  
	 Months 25-36
	  	$	125,403.94	  	  	+	  	$	8,646.33	  	  	=	  	$	134,050.27	  	  	$	11,170.86	  
	 Months 37-48
	  	$	129,166.05	  	  	+	  	$	8,905.72	  	  	=	  	$	138,071.77	  	  	$	11,505.98	  
	 Months 49-60
	  	$	133,041.03	  	  	+	  	$	9,172.89	  	  	=	  	$	142,213.92	  	  	$	11,851.16	  
	 Months 61-72
	  	$	137,032.26	  	  	+	  	$	9,448.08	  	  	=	  	$	146,480.34	  	  	$	12,206.69	  
	 Months 73-84
	  	$	141,143.22	  	  	+	  	$	9,731.52	  	  	=	  	$	150,874.74	  	  	$	12,572.89	  
		  	  
	  
	 	  		  	  
	  
	 	  		  	  
	  
	 	  			
							
	 Total Annual Base Rent due in Initial Term
	  	$	905,743.15	  	  	+	  	$	62,449.04	  	  	=	  	$	968,192.19	  	  			

  

	(2)	Tenant shall provide a security deposit at execution of the Lease in the amount of one (1) month’s rent, which shall be returned at the end of the Term, provided that Tenant has complied with and is not in
default of the terms of the Lease (the “Deposit”). The Deposit is provided to secure Tenant’s obligations under this Lease and is not an advance payment of Base Rent or any other rent or a measure of Landlord’s damages for
Tenant’s breach of this Lease. Without prejudice to any other remedy, Landlord may use the Deposit to pay any delinquent Base Rent or Additional Rent or to satisfy any of Tenant’s other obligations under this Lease. After any such use of
the Deposit, Tenant shall pay to Landlord, within five (5) days after demand, the amount necessary to restore the Deposit to its full amount. Landlord will return the unused portion of the Deposit to Tenant within sixty (60) days after the
expiration of the Term and Tenant’s surrender of the Premises to Landlord as herein required and provided there then exists no Event of Default, less any amounts that Landlord is entitled to deduct from the Deposit (and an accounting thereof
shall be provided to Tenant). If bankruptcy or other debtor-creditor proceeds ever exist against Tenant, the Deposit shall be deemed to be applied first to the payment of any Rent due Landlord for all periods prior to the filing of such proceedings.

  

	(3)	A Common Area Factor of 19% or 1,234 SF shall be added to cover the Common Area of the Building. This shall be charged at the same rate scale as Base Rent. 

  
 39 

 EXHIBIT D 

Additional Rent Calculation 
 Additional
Rent for any calendar year shall be calculated based upon Tenant’s Prorata Share of the Operating Expenses for the applicable calendar year. Tenant’s Prorata Share is 19%. 

1. Operating Expenses (herein so called) shall consist, subject to the “Limitation of Operating Expenses” provision of the Lease Addendum, of all
costs and expenses of Landlord or its property management company (“Manager”) accrued each calendar year for the management, operation, repair, and maintenance of the Property, including without limitation, costs and expenses for the
following in connection with the Property: 
 (a) Wages, salaries and compensation (including fringe benefits) paid or incurred for
employees of Landlord or Manager. 
 (b) Materials, supplies, replacement parts, equipment, and tools (whether purchased or leased). 

(c) Services rendered by third parties, including services to be provided by Landlord pursuant to the terms of the Lease. 

(d) Utility costs and services, including electrical, gas, water and sewer (Common Areas), refuse or garbage collection, fire protection, and
security services (if furnished). 
 (e) Insurance premiums and policy deductibles paid, including property and casualty, rent loss, and
public liability insurance. 
 (f) Management fees not to exceed 4.5% of gross revenues. 

(g) Accounting services. 
 (h)
Expenditures required to be capitalized in accordance with generally accepted accounting principles that are either required under any governmental law or regulation that was not applicable to the Property at the time the Building was constructed or
that are intended to reduce Operating Expenses. 
 (i) Taxes (herein so called) for each calendar year shall consist of all real estate
taxes, assessments (whether for drainage, sewage, or other public improvements), taxes on rent or on occupancy or use of the Property, and similar government impositions now or hereafter levied or assessed, whether general or special, and whether
imposed by any governmental entity or special taxing or assessment district (excluding, however, any income, franchise, or similar tax imposed directly on Landlord or landlord’s net income from the Property), together with all costs incurred by
Landlord in contesting same. Notwithstanding the foregoing, Operating Expenses shall not include costs or expenses for: (i) except as otherwise provided above, expenditures required to be capitalized in accordance with generally accepted accounting

  
 40 

 
principles, depreciation, or amortization, or interest, (ii) leasing commissions or brokerage fees, (iii) repairs reimbursed by insurance carried or required to be carried by Landlord,
(iv) utilities and other services separately charged to tenants, or (v) the Tenant Improvements or renovations to premises of other tenants. 
 2.
In calculating Operating Expenses, all costs except those charged directly to Tenant or other building tenants shall be determined on an annualized basis, and costs that vary with occupancy (such as Common Areas janitorial service and utilities)
shall be appropriately adjusted to reflect Operating Expenses at 100% occupancy of the Building for a full calendar year. In calculating Additional Rent, all rates per rentable square foot shall be based on the greater of ninety-five (95%) of the
net rentable are of the Building or the actual annualized occupancy of the Building. 

  
 41 

 EXHIBIT E 

Rules & Regulations 
 1.
Sidewalks, doorways, vestibules, halls, stairways, elevator lobbies and other similar areas in the Common Areas of the Property shall not be used for the storage of materials or disposal of trash, obstructed by tenants or others, or used by tenants
or others for any purpose other than entrance to and exit from tenant premises. 
 2. Plumbing fixtures shall be used only for the purposes for which they
are designed, and no sweepings, rubbish, rags, or other unsuitable materials shall be disposed into them. Damage resulting to any such fixtures from misuse by a tenant shall be the liability of said tenant. 

3. Movement in our out of the Building of furniture, equipment, or any other bulky or heavy materials shall be restricted to such hours as Landlord’s
property manager shall reasonably designate. Landlord’s property manager will determine the method and routing of the movement of said items so as to ensure the safety of all persons and property concerned, and Tenant shall be responsible for
all costs and expenses associated therewith. Advance notice of intent to move such items must be made to Landlord’s property manager before the time of such move. 

4. All deliveries to a tenant’s premises shall be made through entrances, following routes and movement instructions within the Building as directed by
Landlord’s property manager. Delivery vehicles shall be permitted only in such areas as are designated by Landlord for deliveries to the Building. 

5. Landlord’s property manager shall have the authority to approve the proposed weight and location of any safes and heavy furniture and equipment, which
shall if determined to be necessary by Landlord’s property manager, stand on supporting devices approved by Landlord’s property manager in order to distribute the weight. 

6. Corridor doors that lead to Common Areas of the Building (other than doors opening into the elevator lobby on floors leased entirely to a tenant) shall be
kept closed at all times. 
 7. Each tenant shall cooperate with Landlord’s property manager in keeping its premises neat and clean. No tenant shall
employ any person for the purpose of such cleaning other than the Building’s cleaning and maintenance personnel without prior approval of Landlord’s property manager. 

8. No birds, fish or other animals shall be brought into or kept in, on or about the Building (except for seeing-eye dogs). 

9. Each tenant shall comply with all security procedures (if any) both during business hours and after hours and on weekends. Landlord’s property manager
will provide each tenant with prior notice of any such security procedures and any changes thereto promptly. 

  
 42 

 10. No flammable or explosive fluids or materials shall be kept or used within the Building except in areas
approved by Landlord, and each tenant shall comply with all applicable building and fire codes relating thereto. 
 11. No vending machines of any type
shall be allowed in tenant space without the prior written consent of Landlord’s property manager, consent to not be unreasonably withheld. 
 12.
Tenant shall provide Landlord with a set of duplicate keys and/or control cards, as applicable, to the Premises. 
 13. No machinery of any kind other than
normal office equipment shall be operated by any tenant in its premises without the prior written consent of Landlord’s property manager. 
 14.
Canvassing, peddling, soliciting and distribution of handbills on the Property (except for activities within a tenant’s premises that involve only such tenant’s employees) is prohibited. Each tenant is requested to notify Landlord (or
Landlord’s property manager) if such activities occur. 
 15. Prior approval from Landlord’s property manager will be required for (a) access
to Building mechanical, telephone or electrical rooms, (b) after-hours freight elevator use, (c) after-hours Building access by tenant’s contractors, or (d) access to the room of the Building by any person. No penetration of the
roof of the Building shall be allowed in any circumstances. The tenant will be responsible for contacting Landlord’s property manager in advance for clearance of such tenant contractors, and tenants shall refer all contractors,
contractor’s representatives, and installation technicians rendering any service to them to Landlord for Landlord’s supervision, approval, and control. 

16. Each tenant and their contractors are responsible for removal of trash resulting from large deliveries or move-ins. Such trash must be removed from the
Building and Building facilities may not be used for dumping. If such trash is not promptly removed, Landlord (or Landlord’s property manager) may cause such trash to be removed at the tenant’s sole cost and expense plus a reasonable
additional charge to be determined by Landlord to cover Landlord’s administrative costs in connection with such removal. 
 17. Tenants may not
install, leave or store equipment, supplies, furniture or trash in the Common Areas of the Property. 
 18. Each tenant shall provide Landlord’s
property manager with names and telephone numbers of individuals who should be contacted in an emergency. 
 19. Electric current shall not be used for
space heaters, cooking or heating devices or similar appliances without Landlord’s prior written permission. 
 20. Nothing shall be swept or thrown
into the corridors, halls, elevator shafts or stairways. 
 21. No portion of any tenant’s premises shall at any time be used or occupied as sleeping
or lodging quarters, nor shall personnel occupancy loads exceed limits reasonably established by Landlord for the Building. 

  
 43 

 22. No vehicles shall be parked except in designated areas. No vehicles may be stored or abandoned on the
Property. All persons on the property shall comply with traffic control and parking signs. 
 23. Except as otherwise set forth in the Lease, no antennas
(including microwave or satellite dish antennas) shall be placed on the roof of the Building or elsewhere on the Property without the prior written consent of Landlord. Tenant may install a satellite dish receiver for its own usage with approval of
installation and location by Landlord. 
 24. Smoking is not permitted in the building, and is permitted outside the building only in areas designated by
Landlord. 
 Landlord reserves the right to amend and add to these rules as Landlord considers appropriate for the safety, care, maintenance, operation, and
cleanliness of the Building, and for the preservation of good order therein. If any of these rules directly contradicts the other terms of the Lease, the terms of the Lease shall prevail. 

  
 44 

 EXHIBIT F 

Lease Authorization 
  

	(A)	Landlord hereby represents to Tenant: 

 (1) Landlord has been duly established and is validly
existing as an LLC under the laws of the State of Tennessee. 
 (2) This Lease has been authorized by all necessary action, has been executed
and delivered by Landlord, and constitutes the legal, valid and binding obligations of Landlord, enforceable in accordance with its terms except as enforcement may be limited by bankruptcy, insolvency and other similar laws affecting the enforcement
of creditor’s rights generally and except that the availability of equitable remedies, including specific performance, is subject to the discretion of the court before which any proceeding therefor may be brought. 

(3) To the best of Landlord’s knowledge, the authorization, execution and delivery of this Lease do not, and the consummation of the
transactions contemplated thereby and compliance with the terms hereof will not, conflict with, or result in any violation of or default (with or without notice or lapse of time or both) under, any provision of any trust agreement, loan or credit
agreement, note, bond, mortgage, deed of trust, indenture, lease or other agreement, permit, concession, franchise, license, judgment, order, decree by which Landlord or the Premises may be bound, nor to the best of Landlord’s knowledge will
such action conflict with or result in any violation or default (with or without notice or lapse of time or both) under any statute, law, ordinance, rule or regulation by which Landlord or the Premises may be bound. 

(4) As of the date hereof, to the best of Landlord’s knowledge no action, consent, approval, order of authorization of, or registration,
declaration or filing with, any federal or state governmental body or agency is required in connection with the execution and delivery by Landlord of the Lease or the consummation by Landlord of the transactions contemplated hereby. 

 

	(B)	Tenant hereby represents to Landlord: 

 (1) Tenant has been duly established and is validly
existing as a corporation under the laws of the State of Tennessee. 
 (2) This Lease has been authorized by all necessary action, has been
executed and delivered by Tenant, and constitutes the legal, valid and binding obligations of Tenant, enforceable in and in accordance with its to except as enforcement may be limited by bankruptcy, insolvency and other similar laws affecting the
enforcement of creditor’s rights generally and except that the availability of equitable remedies, including specific performance, is subject to the discretion of the court before which any proceeding therefor may be brought. 

  
 45 

 (3) To the best of Tenant’s knowledge the authorization, execution and delivery of this
Lease do not, and consummation of the transactions contemplated thereby and compliance with the terms hereof will not, conflict with, or result in any violation of or default (with or without notice or lapse of time or both) under, any provision of
any trust agreement, loan or credit agreement, note, bond, mortgage, deed of trust, indenture, lease or other agreement, permit, concession, franchise, license, judgment, order, decree by which Tenant is a party or by which Tenant may be bound, nor
to the best of Tenant’s knowledge will such action conflict with or result in any violation or default (with or without notice or lapse of time or both) under any statue, law, ordinance, rule or regulation by which Tenant may be bound. 

(4) As of the date hereof, to the best of Tenant’s knowledge no action, consent, approval, order of authorization of, or registration,
declaration or filing with, any federal or state governmental body or agency is required in connection with the execution and delivery by Tenant of this Lease or the consummation by Tenant of the transactions contemplated hereby. 

 

			
	TENANT:
	
	Franklin Financial Network, Inc.
	A Tennessee Corporation
		
	By:	 	

		 	  

	Title:	 	 Founder

	
	LANDLORD:
	
	PCC Investments II, LLC
	A Tennessee Limited Liability Company
		
	By:	 	

		 	  

	Title:	 	 MANAGING PARTNER

  

			
	Tenant’s Notification Address:	  	Landlord’s Notification Address:
	Franklin Financial Network, Inc.	  	PCC Investments II, LLC
	2000 Mallory Lane	  	3310 Aspen Grove Drive Suite 302
	Suite 130-120	  	Franklin, Tennessee 37067
	Franklin, TN 37067-9231	  	615 773 8828

  
 46 

 EXHIBIT G 

Irrevocable Letter of Credit 

(PRINT ON LETTERHEAD OF ISSUER) 

IRREVOCABLE STANDBY LETTER OF CREDIT NO: 
  

			
	BENEFICIARY:	  	CUSTOMER:
	PCC Investments II, LLC	  	Franklin Financial Network, Inc.
		
	Amount: $152,263.25	  	Date: May 15, 2007
		  	Expiration Date: May 15, 2008

 Dear Sir or Madam: 

                     (“Issuer”)
hereby establishes in favor of PCC Investments II, LLC (“Beneficiary”), for the account of Franklin Financial Network, Inc. (“Customer”), our Irrevocable Letter of Credit in the amount of One Hundred Fifty-Two Thousand, Two
Hundred Sixty Three and 25/100 U.S. Dollars ($152,263.25). 
 The funds requested shall be available for payment upon presentation by
Beneficiary of this Irrevocable Letter of Credit, a sight draft in an amount not exceeding $152,263.25 and the following: 
  

	1.	A statement signed by Beneficiary’s authorized agent in the form attached hereto as Exhibit A certifying, among other things, that Customer is in default of one or more of its obligations to Beneficiary
pursuant to that certain Lease Agreement dated as of                     , 2007, between Customer and Beneficiary pertaining to real property located
in the office building known as Aspen Brook Village, 3301 Aspen Grove Drive, Franklin, Tennessee, Suites 201-203. 

  
 47 

 Issuer hereby promises to Beneficiary that any drafts drawn under or in substantial compliance
with terms of this Irrevocable Letter of Credit will be duly honored if presented to Issuer on or before May 15, 2008. 
 This
Irrevocable Letter of Credit is subject to the Rules on International Standby Practices-ISP 98, International Chamber of Commerce Publication No. 590 (“ISP98),” and to the extent not inconsistent with ISP98, the Uniform Customs and
Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500. 
  

	
	ISSUER:
	
	  

	
	  

	Authorized Signer

  
 48 

 EXHIBIT A 

To 
 Irrevocable Letter of Credit

 [Issuing Bank Name] 
 [Issuing Bank Address] 

Re: Irrevocable Standby Letter of Credit No.
                     
 PCC Investments II, LLC
(“Beneficiary”) hereby certifies that (a) Franklin Financial Network, Inc. (“Customer”) and Beneficiary are parties to that certain Lease Agreement dated as of
                    , 2007 pertaining to real property located in the office building known as Aspen Brook Village, 3301 Aspen Grove Drive, Franklin,
Tennessee, Suites 201-203 (the “Lease), (b) Customer is in default of one or more of its obligations to Beneficiary arising under the Lease (other than the non-monetary default described in Section 18(b) thereof), (c) Beneficiary
has given Customer written notice of such default or defaults, to the extent required upon the Lease, and (d) Customer failed, within ten (10) days of its receipt of such notice, to cure the default or defaults as described in such notice.

 Should you need any other information from Beneficiary in regards to the above-mentioned Irrevocable Letter of Credit, please do not hesitate to call me
at                     . 
  

			
	Sincerely,
	
	PCC Investments II, LLC
		
	Name:	 	  

	Title:	 	  

  
 49EX-10.5

 Exhibit 10.5 

TRIPLE NET OFFICE LEASE AGREEMENT 

THIS TRIPLE NET OFFICE LEASE AGREEMENT (this “Lease”) is made and entered into on this 4 day of May, 2010, by and between
COLUMBIA AVENUE PARTNERS, LLC, a Tennessee limited liability company, (“Landlord”), and FRANKLIN SYNERGY BANK, a Tennessee banking corporation (“Tenant”). 

1. Leased Premises. 
 a.
Subject to and upon the terms hereinafter set forth, and in consideration of the sum of Ten Dollars ($ 10.00) and the mutual covenants set forth herein, the receipt and sufficiency of which are hereby acknowledged, Landlord does hereby lease and
demise to Tenant, and Tenant does hereby lease and take from Landlord, that certain improved real property municipally known as 722 Columbia Avenue located in Franklin, Williamson County, Tennessee, consisting of approximately 16,153 rentable square
feet and more particularly described in Exhibit A attached hereto (the “Premises”). 
 b. Tenant’s taking possession
of the Premises or any portion thereof shall be conclusive evidence against Tenant that such portion of the Premises was then in good order and satisfactory condition, subject to any “punch list” items identified in writing from Tenant to
Landlord within thirty (30) days following completion of Landlord’s Work, and further subject to any latent defects in Landlord’s Work of which Tenant notifies Landlord in writing within one (1) year from the completion of
Landlord’s Work. Except to the extent expressly set forth in this Lease, Tenant acknowledges that no promise by or on behalf of Landlord, any of Landlord’s beneficiaries, or any of their respective agents, partners or employees to alter,
remodel, improve, repair, decorate or clean the Premises has been made to or relied upon by Tenant, and that no representation respecting the condition of the Premises by or on behalf of Landlord, any of Landlord’s beneficiaries, or any of
their respective agents, partners or employees has been made to or relied upon by Tenant. 

  
 1 

 2. Term. Subject to and upon the terms and conditions set forth herein, or in any exhibit
hereto, the term (together with any extensions or renewals thereof, the “Term”) of this Lease shall commence on the Commencement Date (defined below) and shall expire one hundred eighty months (180) after the Commencement Date.
“Commencement Date” shall mean the date Tenant begins its business operations in the Premises but in no event later than 30 days after Landlord completes Landlord’s Work and delivers possession of the Premises to Tenant by Landlord
giving Tenant written notice. For purposes of clarification, immaterial “punch list” items identified by Tenant pursuant to Section 1(b) shall not affect the Commencement Date, unless they materially and adversely affect Tenant’s
ability to (i) operate its business in the Premises or (ii) complete Tenant’s buildout of the Premises. The Commencement Date shall be set forth in a Commencement Agreement, identical in the form to that attached hereto as Exhibit
B and executed by Landlord and Tenant. 
 3. Use. The Premises are to be used and occupied solely for the purpose of providing
banking and financial services and office space and for any other lawful use, but for no unlawful purpose. Tenant shall not use or allow the Premises to be used for any improper, immoral, disreputable or objectionable purpose, and Tenant shall not
cause, maintain or permit any nuisance or waste in, on or about the Premises. Without limitation of the foregoing, in no event shall Tenant use or permit the use of all or any portion of the Premises (i) as and/or for sleeping quarters and/or
lodging or (ii) for any unlawful purpose of any kind whatsoever and howsoever arising. 
 4. Rent. 

a. Commencing on the Commencement Date and continuing thereafter throughout the full Term of this Lease, Tenant hereby agrees to pay the
annual Base Rental (defined and set forth below) and Additional Rental (defined below). The Base Rental shall be due and payable in advance in twelve equal monthly installments on the first day of each calendar month at Landlord’s address as
provided herein (or such other address as may be designated by Landlord from time to time). If the Commencement Date is other than the first day of a calendar month or if this Lease expires on other than the last day of a calendar month, then the
installments of Base Rental for such month or months shall be prorated. 
 “Base Rental” shall be, for the first year of the Term:

  

																	
	 Year
	  	Per Square Foot First Floor	 	  	Per Square Foot Second Floor	 	  	Total Per Annum	 	  	Total Per Month	 
	 1
	  	$	31.25	  	  	$	26.25	  	  	$	455,945.04	  	  	$	37,995.42	  

 Following the first year of the Term, Base Rental shall increase on each anniversary of the Commencement Date
as set forth herein. Effective on each Adjustment Date (defined below), Base Rental shall be increased (relative to the previous year’s Base Rental) by the percentage increase, if any, in the CPI (defined below); provided, however, that each
annual increase in Base Rental shall 

  
 2 

 
not be less than 1.5% of the previous year’s annual Base Rental and not more than 3.5% of the previous year’s annual Base Rental. “Adjustment Date” shall mean, as the case may
require, each anniversary of the Commencement Date; provided, however, if the Commencement Date is other than the first day of the month, then “Adjustment Date” shall mean, as the case may require, the first day of the first month
occurring after each anniversary of the Commencement Date. As used herein, “CPI” shall mean the Consumer Price Index for All Urban Consumers – South Urban Area, All Items, U.S.A. Area, 1982-1984 = 100, as published by the Bureau of
Labor Statistics, United States Department of Labor (U.S. City Average). If such index is discontinued, CPI shall then mean the most nearly comparable index published by the Bureau of Labor Statistics or other official agency of the United States
Government as determined by Landlord. 
 b. All sums other than Base Rental due Landlord under this Lease (including, without limitation,
amounts reimbursed to Landlord or for which Tenant must indemnify Landlord, late fees, and attorney fees and costs) shall be additional rental (“Additional Rental”). Base Rental and Additional Rental collectively are referred to as
“Rental” or “Rent”. 
 5. Renewal Options. 

a. Tenant shall have the right and option to renew the Lease (“Renewal Option”) for two (2) successive renewal periods of five
(5) years each (each, an “Option Term”); provided, however, the Renewal Option is contingent upon the following: (i) there is not an Event of Default beyond all applicable cure period(s) at the time Tenant gives Landlord notice
of Tenant’s intention to exercise the Renewal Option or at the expiration of the current Term; (ii) no event has occurred that upon notice or the passage of time would constitute an Event of Default, unless Landlord has given notice of
default and Tenant is diligently attempting to cure such event; and (iii) Tenant is occupying the Premises. Following expiration of the final Option Term allowable hereunder, Tenant shall have no further right to renew the Lease pursuant to
this Section 5. 
 b. Tenant shall exercise the Renewal Option by giving Landlord notice at least one hundred eighty (180) days
prior to the expiration of the current Term. If Tenant fails to give notice to Landlord prior to the 180-day period, then Tenant shall forfeit the Renewal Option. If Tenant exercises the Renewal Option, then during the Option Term, Landlord and
Tenant’s respective rights, duties and obligations shall be governed by the terms and conditions of the Lease, except as provided otherwise in this Section. Time is of the essence in exercising the Renewal Option. 

c. The Base Rental for an Option Term shall be the Fair Market Rental Rate. “Fair Market Rental Rate” shall mean the market rental
rate for the time period such determination is being made for office space in same class office buildings in the area of Franklin, Tennessee (the “Area”) of comparable condition for space of equivalent quality, size, utility, and location.
Such determination shall take into account all relevant factors, including, without limitation, the following 

  
 3 

 
matters: the credit standing of Tenant; the length of the term; the fact that Landlord will experience no vacancy period and that Tenant will not suffer the costs and business interruption
associated with moving its offices and negotiating a new lease; construction allowances and other tenant concessions that would be available to tenants comparable to Tenant in the Area (such as moving expense allowance, free rent periods, and lease
assumptions and take over provisions, if any, but specifically excluding the value of improvements installed in the Premises at Tenant’s cost), and whether adjustments are then being made in determining the rental rates for renewals in the Area
because of concessions being offered by Landlord to Tenant (or the lack thereof for the Option Term in question). For purposes of such calculation, it will only be assumed that Landlord is paying a representative of Tenant a brokerage commission in
connection with the Option Term in question if Landlord is in fact paying a brokerage commission to a representative of Tenant in connection with the applicable Option Term. 

6. Utilities and Service. Tenant shall pay, when due, all charges for gas, water, electricity and any and all other utility services
used upon the Premises during the Term and any holdover period, including, without limitation, all tap, connection and/or meter fees and deposits. 

7. Security Deposit. Tenant hereby agrees to pay to Landlord a security deposit equal in amount to one month’s Base Rental on the
day this Lease is executed by Tenant (the “Security Deposit”). Upon the occurrence of any Event of Default by Tenant, Landlord may, from time to time, without prejudice to any other remedy, use the Security Deposit to the extent necessary
to make good any arrears of Base Rental or Additional Rental or any other payment obligation hereunder, including, but not limited to, the cost of any damage, injury, expense, or liability caused by any Event of Default by Tenant hereunder. Any
remaining balance of the Security Deposit shall be returned by Landlord to Tenant within a reasonable period of time after the termination or expiration of this Lease and the satisfaction of Tenant’s obligations hereunder. The Security Deposit
shall not be considered an advance payment of rental or a measure of Landlord’s damages in case of default by Tenant. Tenant shall not be entitled to receive and shall not receive any interest on the Security Deposit, and Landlord may commingle
the same with other monies of Landlord. In the event Landlord applies the Security Deposit or any portion thereof to the payment of any sum described above and this Lease is not terminated, Tenant shall immediately deposit with Landlord an amount of
money equal to the amount so applied, and such amount shall be deemed to be part of the Security Deposit. In the event of a sale or transfer of Landlord’s interest in the Premises, Landlord shall have the right to transfer the Security Deposit
to the purchaser or lessor, as the case may be, and upon any such transfer and acknowledgement of receipt of Security Deposit by such transferee, Landlord shall be relieved of all liability to Tenant for the return of the Security Deposit, and
Tenant shall look solely to the new owner or lessor for the return of the Security Deposit. 
 8. Keys and Locks. Landlord shall
furnish Tenant with two (2) keys for each standard lockset on code required doors entering the Premises from public areas. Additional keys will be Tenant’s responsibility and at Tenant’s expense. All such keys shall remain the
property of 

  
 4 

 
Landlord. Upon termination of this Lease, Tenant shall surrender to Landlord all keys to any locks on doors entering or within the Premises, and give to Landlord the explanation of the
combination of all locks for safes, safe cabinets and vault doors, if any, in the Premises. 
 9. Parking. Landlord shall provide
approximately 50 parking spaces on the Premises for Tenant’s use. 
 10. Entry for Repairs and Inspection. Tenant shall permit
Landlord and its contractors, agents or representatives to enter into and upon any part of the Premises during reasonable hours to inspect the same; perform maintenance and make repairs, replacements or improvements as set forth under this Lease;
and, upon reasonable prior notice to Tenant, for the purpose of showing the Premises to prospective tenants or purchasers. Landlord shall use its reasonable efforts not to interfere materially with the operation of Tenant’s business during any
such entry. 
 11. Laws and Regulations; Encumbrances. Tenant shall comply with, and Tenant shall cause its employees, contractors
and agents to comply with, and shall use its best efforts to cause its visitors and invitees to comply with the following, to the extent Tenant has been made aware thereof: (i) all laws, ordinances, orders, rules and regulations of all state,
federal, municipal and other governmental or judicial agencies or bodies relating to the use, condition or occupancy of the Premises; and (ii) all recorded easements, operating agreements, parking agreements, declarations, covenants and
instruments encumbering the Premises. Copies of all documents described above must be provided to Tenant by Landlord upon Landlord receiving written request from Tenant for the specific documents. Landlord warrants that to Landlord’s knowledge,
no such ordinances or other matters of record prohibit Tenant’s use of the Premises as a branch banking facility. 
 12. Hazardous
Substances. Tenant shall comply, at its sole cost and expense, with all laws, ordinances, orders, rules and regulations of all state, federal, municipal and other governmental or judicial agencies or bodies relating to the protection of public
health, safety, welfare or the environment (collectively, “Environmental Laws”) in the use, occupancy and operation of the Premises. Tenant agrees that no Hazardous Substances (defined below) shall be used, located, stored or processed on
the Premises by Tenant or any of its agents, employees, contractors, assigns, subtenants, guest or invitees, and no Hazardous Substances will be released or discharged from the Premises. The term “Hazardous Substances” shall mean and
include all hazardous and toxic substances, waste or materials, any pollutant or contaminant, including, without limitation, PCB’s, asbestos and raw materials that include hazardous constituents or any other similar substances or materials that
are now or hereafter included under or regulated by any Environmental Laws or that would pose a health, safety or environmental hazard. Tenant hereby agrees to indemnify, defend and hold harmless Landlord from and against any and all losses,
liabilities (including, but not limited to, strict liability), damages, injuries, expenses (including, but not limited to, court costs, litigation expenses, reasonable attorneys’ fees and costs of settlement or judgment), suits and claims of
any 

  
 5 

 
and every kind whatsoever paid, incurred or suffered by, or asserted against, Landlord by any person, entity or governmental agency for, with respect to, or as a direct or indirect result of, the
presence in or the escape, leakage, spillage, discharge, emission or release from the Premises of any Hazardous Substances by Tenant or any of its agents, employees, contractors, assigns, subtenants, guest or invitees. Tenant shall not be
responsible for any Hazardous Substances located on the Premises prior to the date Landlord delivers the Premises to Tenant. 
 13. Taxes
and Assessments. 
 a. Tenant shall pay all taxes, license fees, and special charges and assessments levied by any taxing authorities
against personal property which Tenant owns and/or uses within, upon, or about the Premises, or by reason of the conduct and operation of its business thereon, including, without limitation, any special assessments or charges for water and/or
sewers. 
 b. Tenant shall also pay any and all ad valorem real estate taxes on the Premises and any personal property taxes assessable on
any personal property located on the Premises on or before the same are due to the taxing authority. Landlord shall forward all ad valorem tax bills for the Premises to Tenant immediately upon receipt. Landlord shall have the right to pay such taxes
before they become delinquent if Tenant has not paid as required under this Lease, and such payment on Tenant’s behalf shall be immediately payable to Landlord by Tenant as Additional Rental. 

c. Notwithstanding the foregoing, Tenant shall have no obligation under this Lease to pay: (i) income, profits, intangible, documentary
stamps, franchise, corporate, capital stock, succession, estate, gift or inheritance taxes; (ii) any assessment or additional tax associated with a change in ownership of the Premises; or (iii) governmentally imposed “impact
fees” related to further improvement of the Premises, including, but not limited to, the widening of exterior roads, the installation of or connection to sewer lines, sanitary and storm drainage systems and other utility lines and
installations. 
 d. Tenant shall indemnify Landlord against all taxes (on personal property and real property), licenses fees, special
charges and assessments paid for by Landlord on Tenant’s behalf, and Tenant shall indemnify Landlord against all costs and expenses (including attorney fees) in connection with same. Amounts due Landlord hereunder shall be Additional Rental.

 e. Tenant may at its sole cost and expense, and in its own name and/or in the name of Landlord, dispute and contest any of the
above-described taxes, license fees, special charges, assessments and/or ad valorem real estate taxes by appropriate proceedings diligently conducted in good faith, but only after Tenant has deposited with Landlord or with an applicable competent
authority, in Tenant’s reasonable discretion, the amount so contested and unpaid which shall be held by Landlord (if Landlord is so chosen to hold such deposited funds) in an interest-bearing account until the termination of the proceedings, at
which time the amount deposited shall be applied by 

  
 6 

 
Landlord toward the payment of the items held valid (plus any court costs, interest, penalties and other liabilities associated with the proceedings), and Tenant’s share of any excess shall
be returned to Tenant. Tenant shall indemnify, defend and hold harmless Landlord from and against any cost, damage or expense, including attorney’s fees, actually and reasonably incurred by Landlord, as Additional Rental, in connection with any
such proceedings. 
 14. Leasehold Improvements. 

a. Following completion of Landlord’s Work (defined in Exhibit C hereto) and Tenant’s acceptance of the Premises from
Landlord, subject to the “punch list” items and latent defects identified in accordance with Section 1(b) above, Tenant accepts the same “AS IS” without any agreements, representations, understandings or obligations on the
part of Landlord to perform any alterations, repairs or improvements except as expressly set forth in this Lease. ADDITIONALLY, EXCEPT AS EXPRESSLY SET FORTH IN THIS LEASE, LANDLORD MAKES NO WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO THE
LEASEHOLD IMPROVEMENTS OR TO LANDLORD’S WORK, AND ALL IMPLIED WARRANTIES WITH RESPECT TO THE PREMISES, INCLUDING WITHOUT LIMITATION THOSE OF SUITABILITY AND FITNESS FOR A PARTICULAR PURPOSE, ARE HEREBY EXPRESSLY NEGATED AND WAIVED. 

b. Tenant shall be entitled to a Tenant Improvement Allowance (defined and set forth in Exhibit C). Notwithstanding the Tenant
Improvement Allowance, Tenant agrees that it will make no exterior or structural alterations or additions to the Premises nor post or attach or affix to the exterior of the Premises, any signs, air conditioners or other objects without memorializing
such proposed alterations, attachments, or fixtures in a Tenant work letter (in form acceptable to Landlord) and obtaining Landlord’s prior written consent to same. Notwithstanding the foregoing, Tenant shall have the right to make interior,
non-structural alterations to the Premises without Landlord’s consent, so long as such alterations do not (i) affect the structure or electrical, plumbing, or mechanical systems of the Premises; or (ii) decrease the value of the
Premises. Except as may be covered by Tenant’s Improvement Allowance, Tenant shall be responsible for the cost of such alterations or signs. Tenant shall have the right to install its trade fixtures and equipment in, upon and about the
Premises; provided, however, that Tenant shall remove the same on or before the expiration of this Lease, and if so requested by Landlord, promptly after any termination of this Lease; and provided, further, that Tenant shall promptly thereafter
repair all damage caused to the Premises by reason of such installation or removal. 
 c. Tenant shall indemnify and hold Landlord harmless
from and against all costs (including reasonable attorneys’ fees and costs of suit), losses, liabilities, or causes of action arising out of or relating to any alterations, additions or improvements made by Tenant to the Premises, including,
but not limited to, work not completed in a workmanlike manner and any contractor’s, mechanics’ or materialman’s liens asserted in connection therewith. This indemnification obligation shall survive the Term of this Lease. 

  
 7 

 d. Should any contractor’s, mechanic’s or other liens be filed against any portion of
the Premises by reason of Tenant’s acts or omissions or because of a claim against Tenant, Tenant shall cause the same to be canceled or discharged of record by bond or otherwise within thirty (30) days after notice by Landlord. If Tenant
shall fail to cancel or discharge said lien or liens, within said thirty (30) day period, Landlord may, at its sole option, cancel or discharge the same and upon Landlord’s demand, Tenant shall promptly reimburse Landlord for all
reasonable costs incurred in canceling or discharging such liens, including attorney fees in connection with same. 
 15. Maintenance and
Repairs to the Premises. Following completion of Landlord’s Work, but subject to any “punch list” items, latent defects, or other defects expressly covered by any warranty under this Lease, Tenant shall make and pay for any and
all repairs or replacements to any and all portions of the interior and exterior of the Premises which are necessary to keep the same in a good state of repair or condition, such as, but not limited to, the roof and all structural members of the
building, all fixtures, furnishings, lighting, air conditioning, plumbing, heating, electrical, floors, walls, ventilation systems, and any and all other parts of the building or other portions of the Premises. Tenant shall also maintain the parking
lot, landscaping, plantings, and the exterior of the Premises in a good and neat condition at all times, and Tenant shall perform all maintenance, repairs, replacements and improvements required by any governmental law, ordination, rule or
regulation. Notwithstanding anything in this Lease to the contrary, Tenant shall not be required to construct or install any item that is capital in nature, unless the need for such installation or construction is caused by Tenant’s negligence
or willful misconduct. Without limiting Tenant’s maintenance and repair obligations hereunder, in the event Tenant fails to commence, within ten (10) days after written notice from Landlord to Tenant, or to diligently complete, any
maintenance, repairs, replacements or improvements necessitated by Tenant’s negligence or willful conduct, or necessitated by Tenant’s waste of the Premises, Landlord may, at its option, perform any such maintenance, repairs, replacements
or improvements deemed necessary by Landlord, and Tenant shall pay to Landlord on demand Landlord’s cost thereof, plus an administrative fee of ten percent (10%) of such costs as Additional Rental. As used in this Section 15, any
requirement to maintain the Premises in a “good state of repair or condition” shall mean maintenance of the Premises in as good a condition as existed upon the initial completion of the improvements on the Premises, reasonable wear and
tear and damage by casualty excepted. 
 16. Condemnation. If all or substantially all of the Premises, or such portion of the
Premises as would render, in Landlord’s reasonable judgment, the continuance of Tenant’s business from the Premises impracticable, shall be permanently taken or condemned for any public purpose, then Landlord or Tenant may terminate this
Lease. If less than all or substantially all of the Premises shall be taken, then Landlord shall have the option of terminating this Lease by written notice to Tenant within ten (10) days following the date of such condemnation or taking. If
this Lease is terminated as provided above, this Lease shall cease and expire as of the date of the taking. 

  
 8 

 
In the event that this Lease is not terminated and a portion of the Premises is taken, Tenant shall pay the Base Rental and Additional Rental up to the date of the taking, and this Lease shall
thereupon cease and terminate with respect to the portion of the Premises so taken. Thereafter the Base Rental and Additional Rental shall be adjusted on an equitable basis. If this Lease is not terminated, Landlord shall promptly repair the
Premises’ building to an architectural unit, fit for Tenant’s occupancy and business; provided, however, that Landlord’s obligation to repair hereunder shall be limited to the extent of the net proceeds from such taking made available
to Landlord for such repair. However, in the event such proceeds are not sufficient to restore the Premises to a condition reasonably suitable for the operation of Tenant’s business, Tenant may terminate this Lease, at the time Landlord
notifies Tenant of the extent to which the Premises will be restored. In the event of any temporary taking or condemnation for any public purpose of the Premises or any portion thereof, this Lease shall continue in full force and effect except that
Base Rental and Additional Rental shall be adjusted on an equitable basis for the period of such taking, and Landlord shall be under no obligation to make any repairs or alterations. In the event of any taking of the Premises, Tenant hereby assigns
to Landlord the value of all or any portion of the unexpired term of the Lease and all leasehold improvements, and Tenant shall not assert a claim for a condemnation award therefor; provided, however, Tenant may pursue a separate award from the
condemning authority for (a) relocation and moving expenses, and (b) compensation for loss of Tenant’s business. 
 17.
Fire or Casualty. If the building or any improvement on the Premises shall be damaged in any way, in whole or in part, or rendered untenantable by fire or other casualty, Tenant shall restore the building to its original condition. Rent shall
not abate or be reduced following any casualty loss or during any period of restoration. It shall be Tenant’s responsibility to obtain business interruption insurance coverage to insure against any loss Tenant may suffer as a result of any
casualty damage to the Premises as well as Tenant’s inability to use all or any part of the Premises as a result of such casualty. 

18. Insurance. 
 a.
Liability Insurance. Tenant shall, during the entire term hereof keep in full force and effect a policy or policies of public liability, personal and property damage insurance with respect to the Premises, in which the limits shall be not
less than $2,000,000 in the aggregate, and $1,000,000 per occurrence. Such amounts shall be increased every three (3) years based on any increase in the Consumer Price Index-All Urban during such 3-year period. The policies shall name Landlord
and any lender of Landlord as an additional insured, and shall contain a clause that the insurer will not cancel or change the insurance without first giving all additional insureds thirty (30) days’ prior written notice. The insurance
shall be with an insurance company licensed to do business in Tennessee, and a copy of the policy, or a certificate of insurance together with proof of premium payment, shall be delivered to Landlord initially and at each renewal hereof. 

  
 9 

 b. Fire and Casualty Insurance. Landlord agrees to keep in full force and effect a policy
or policies or broad form, all risk coverage insurance, in amounts not less than eighty percent (80%) of the reasonable reproduction or replacement value of the Premises improvements (including all buildings and structures thereon, and all
portions thereof), determined annually, and with no reduction for depreciation, use, wear and tear. Landlord shall obtain at least three (3) separate bids for such insurance (which bids shall be for the same coverage and on comparable terms and
conditions), and the least expensive policy shall be selected. With respect to damage or destruction of Premises improvements, which damage or destruction is covered, in whole or in part, by insurance, it is agreed that the proceeds from such
insurance which are paid to Landlord shall be used and applied exclusively for the purpose of making replacements or repairs, if and only if such proceeds are sufficient in amount to complete such necessary replacements or repairs, which are paid to
Landlord are insufficient therefor, Landlord will provide the deficiency, it being the intent of the parties hereto that Landlord shall have the obligation to rebuild, reconstruct or replace the Premises improvements damaged or destroyed by fire or
other casualty with improvements of equal value, whether such casualty shall be insured or not insured against, and whether the proceeds of any such insurance are paid to Landlord. The insurance shall be with a good and A-rated insurance company
licensed to do business in Tennessee, and a copy of the policy, or a certificate of insurance together with proof of premium payment, shall be delivered to Tenant initially and at each renewal thereof. For the first calendar year of the Term, Tenant
shall pay to Landlord, on or before the Commencement Date, the total cost of such fire and casualty insurance for such period of time. For calendar years following the first calendar year of the Term, Tenant shall pay to Landlord, in advance of such
calendar year, Landlord’s total estimated cost of such fire and casualty insurance for such upcoming calendar year. Within one hundred twenty (120) days following the expiration of each calendar year, the estimated cost of such fire and
casualty insurance shall be reconciled against the actual cost of such insurance, and any deficiency shall be payable by Tenant to Landlord within ten (10) days following demand. If such reconciliation reveals an overpayment by Tenant, such
excess shall be credited against the next installment of Rent due hereunder or, if the Term has then expired, such excess shall be refunded to Tenant within ten (10) days following demand. All amounts due Landlord under this section shall be
Additional Rental. 
 19. Damages from Certain Causes. Landlord shall not be liable or responsible to Tenant for any loss or damage
to any property or person occasioned by theft, fire, act of God, public enemy, riot, strike, insurrection, war, act or omission of any party other than Landlord, any nuisance or interference caused or created by any property owner other than
Landlord, requisition or order of governmental body or authority, court order or injunction, or any cause beyond Landlord’s control or for any damage or inconvenience which may arise through repair or alteration of any part of the Premises as
required by this Lease. 
 20. Hold Harmless. 

a. Landlord shall not be liable to Tenant, its agents, servants, employees, contractors, customers or invitees for any damage to person or
property caused by any act, omission 

  
 10 

 
or neglect of Tenant. Without limiting or being limited by any other indemnity in this Lease, but rather in confirmation and furtherance thereof, Tenant agrees to indemnify, defend by counsel
reasonably acceptable to Landlord and hold Landlord harmless of, from and against any and all losses, damages, liabilities, claims, liens, costs and expenses (including, but not limited to, court costs, reasonable attorneys’ fees and litigation
expenses) in connection with injury to or death of any person or damage to or theft, loss or loss of the use of any property occurring in or about the Premises arising from Tenant’s occupancy of the Premises, or the conduct of its business or
from any activity, work, or thing done, permitted or suffered by Tenant in or about the Premises, or from any breach or default on the part of Tenant in the performance of any covenant or agreement on the part of Tenant to be performed pursuant to
the terms of this Lease, or due to any other act or omission or willful misconduct of Tenant or any of its agents, employees, contractors, assigns, subtenants, guest or invitees. 

b. Tenant shall not be liable to Landlord, its agents, servants, employees, contractors, customers or invitees for any damage to person or
property caused by any act, omission or neglect of Landlord. Without limiting or being limited by any other indemnity in this Lease, but rather in confirmation and furtherance thereof, Landlord agrees to indemnify, defend by counsel reasonably
acceptable to Tenant and hold Tenant harmless of, from and against any and all losses, damages, liabilities, claims, liens, costs and expenses (including, but not limited to, court costs, reasonable attorneys’ fees and litigation expenses) in
connection with injury to or death of any person or damage to or theft, loss or loss of the use of any property occurring in or about the Premises arising from any breach or default on the part of Landlord in the performance of any covenant or
agreement on the part of Landlord to be performed pursuant to the terms of this Lease, or due to any other grossly negligent act or omission or willful misconduct of Landlord or any of its agents or employees. 

21. Default and Remedies. 
  

	 	a.	The occurrence of any of the following shall constitute a default under and breach of this Lease by Tenant (an “Event of Default”): 

 

	 	i)	Failure by Tenant to pay any monetary amounts (including Base Rental and Additional Rental) due hereunder within ten (10) days following written notice of non-payment from Landlord to Tenant; 

 

	 	ii)	Abandonment of the Premises (defined as any period of one hundred and eighty (180) consecutive days without operation of Tenant’s business in the Premises); 

  
 11 

	 	iii)	Failure by Tenant to observe or perform any of the covenants in respect of assignment and subletting of this Lease; 

  

	 	iv)	Failure by Tenant to cure forthwith, immediately after receipt of notice from Landlord, any hazardous condition which Tenant has created or permitted in violation of law or of this Lease; 

 

	 	v)	Failure by Tenant to complete, execute and deliver any instrument or document required to be completed, executed and delivered by Tenant within twenty (20) days after the initial written demand for same to Tenant;

  

	 	vi)	Failure by Tenant to observe or perform any other non-monetary covenant, agreement, condition or provision of this Lease, if such failure shall continue for thirty (30) days after written notice thereof from
Landlord to Tenant; provided that such thirty (30) day period shall be extended for the time reasonably required to complete such cure, if such failure cannot reasonably be cured within said thirty (30) day period and Tenant commences to
cure such failure within said thirty (30) day period and thereafter diligently and continuously proceeds to cure such failure; 

  

	 	vii)	The levy upon execution or the attachment by legal process of the leasehold interest of Tenant, or the filing or creation of a lien in respect of such leasehold interest, which Hen shall not be released or discharged
within thirty (30) days from the date of such filing; 

  

	 	viii)	Tenant or any guarantor of Tenant’s obligations under this Lease becomes insolvent or bankrupt or admits in writing its inability to pay its debts as they mature, or makes an assignment for the benefit of
creditors, or applies for or consents to the appointment of a trustee or receiver for all or a major part of its property; 

  

	 	ix)	A trustee or receiver is appointed for Tenant, any guarantor of Tenant’s obligations under this Lease or for a major part of either party’s property and is not discharged within sixty (60) days after such
appointment; 

  

	 	x)	Any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding, or other proceeding for relief under any bankruptcy law or similar law for the relief of debtors, is instituted (A) by Tenant or
any guarantor of Tenant’s obligations under this Lease, or (B) against Tenant or any guarantor of Tenant’s obligations under this Lease and is allowed against it or is consented to by it or is not dismissed within sixty (60) days
after such institution; or 

  

	 	xi)	Tenant’s repeated failure to observe or perform any of the other covenants, terms or conditions hereof more than three (3) times, in the aggregate, in any period of twelve (12) consecutive months.

  
 12 

 b. Upon the occurrence of an Event of Default, Landlord agrees to use reasonable efforts to
mitigate its damages, but 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 or by this Lease: 

 

	 	i)	Landlord, with or without terminating this Lease, may immediately or at any time thereafter re-enter the Premises and correct or repair any condition which shall constitute a failure on Tenant’s part to keep,
observe, perform, satisfy, or abide by any term, condition, covenant, agreement, or obligation of this Lease, and Tenant shall fully reimburse and compensate Landlord, for Landlord’s actual cost incurred, on demand. 

 

	 	ii)	Landlord, with or without terminating this Lease, may immediately or at any time thereafter demand in writing that Tenant vacate the Premises and thereupon Tenant shall vacate the Premises and remove therefrom all
property thereon belonging to or placed on the Premises by, at the direction of, or with consent of Tenant within ten (10) days of receipt by Tenant of such notice from Landlord, whereupon Landlord shall have the right to re- enter and take
possession of the Premises. 

  

	 	iii)	Landlord, with or without terminating this Lease, may immediately or at any time thereafter, re-enter the Premises and remove therefrom Tenant and all property belonging to or placed on the Premises by, at the direction
of, or with consent of Tenant. Any such re-entry and removal by Landlord shall not of itself constitute an acceptance by Landlord of a surrender of this Lease or of the Premises by Tenant and shall not of itself constitute a termination of this
Lease by Landlord. 

  

	 	iv)	 Landlord, with or without terminating this Lease, may immediately or at any time thereafter relet the Premises or any part thereof for such time or
times, at such rental or rentals and upon such other terms and conditions as Landlord in its sole discretion may deem advisable, and Landlord may make any alterations or repairs to the Premises which it may deem necessary or proper to facilitate
such reletting; and Tenant shall pay all reasonable costs of such reletting; and if this Lease shall not have been terminated, Tenant shall 

  
 13 

	 	
continue to pay all rent and all other charges due under this lease up to and including the date of beginning of payment of rent by any subsequent tenant of part or all of the Premises, and
thereafter Tenant shall pay monthly during the remainder of the term of this Lease the difference, if any, between the rent and other charges collected from any such subsequent tenant or tenants and the rent and other charges reserved in this Lease,
but Tenant shall not be entitled to receive any excess of any such rents collected over the rents reserved herein. 

  

	 	v)	Landlord may immediately or at any time thereafter terminate this Lease, and this Lease shall be deemed to have been terminated upon receipt by Tenant of written notice of such termination; upon such termination
Landlord shall recover from Tenant all damages Landlord may suffer by reason of such termination including, without limitation, unamortized sums expended by Landlord for leasing commissions and construction of tenant improvements, all arrearages in
rentals, costs, charges, additional rentals, and reimbursements, the cost (including court costs and attorneys’ fees) of recovering possession of the Premises, the cost of any alteration of or repair to the Premises which is necessary or proper
to prepare the same for reletting and, in addition thereto, Landlord at its election shall have and recover from Tenant either (A) an amount equal to the excess, if any, of the total amount of all rents and other charges to be paid by Tenant
for the remainder of the term of this Lease over the then reasonable rental value of the Premises for the remainder of the term of this Lease, or (B) the rents and other charges which Landlord would be entitled to receive from Tenant pursuant
to the provisions of subsection (iv) if the Lease were not terminated. Such election shall be made by Landlord by serving written notice upon Tenant of its choice of one of the two said alternatives within thirty (30) days of the notice of
termination. 

  

	 	vi)	The exercise by Landlord of any one or more of the rights and remedies provided in this Lease shall not prevent the subsequent exercise by Landlord of any one or more of the other rights and remedies herein provided.
Alt remedies provided for in this Lease are cumulative and may, at the election of Landlord, be exercised alternatively, successively, or in any other manner and are in addition to any other rights provided for or allowed by law or in equity.

  

	 	vii)	 No act by Landlord with respect to the Premises shall terminate this Lease, including, but not limited to, acceptance of the keys, institution of an
action for detainer or other dispossessory proceedings, it being understood that this Lease may only be terminated by express written notice from Landlord to 

  
 14 

	 	
Tenant, and any reletting of the Premises shall be presumed to be for and on behalf of Tenant, and not Landlord, unless Landlord expressly provides otherwise in writing to Tenant.

 (c) In the event Landlord fails to perform any of its obligations under this Lease and such non-performance continues for a
period of thirty (30) days following written notice of default from Tenant, Landlord shall be deemed to be in material default of this Lease, and Tenant shall have all remedies available at law, in equity or under this Lease; provided, however,
that such thirty (30) day period shall be extended for the time reasonably required to complete such cure, if such failure cannot reasonably be cured within said thirty (30) day period and Landlord commences to cure such failure within
said thirty (30) day period and thereafter diligently and continuously proceeds to cure such failure. 
 22. Late Payments. In
the event any installment of any Rental owed by Tenant hereunder is not paid within 10 days, Tenant shall pay a late charge equal to the greater of $ 100.00 or five percent (5%) of the amount due. The parties agree that such charge is a fair
and reasonable estimate of Landlord’s administrative expense incurred on account of late payment. Should Tenant make a partial payment of past due amounts, the amount of such partial payment shall be applied first to reduce all accrued and
unpaid late charges, in inverse order of their maturity, and then to reduce all other past due amounts, in inverse order of their maturity. 

23. Attorney’s Fees. If either party initiates any action to enforce its rights under this Lease or the terms hereof, the
prevailing party shall be entitled to collect from the other party all court costs, reasonable attorneys fees and litigation expenses, including, but not limited to, costs of depositions and expert witnesses, that the prevailing party actually
incurs in connection with such action. 
 24. No Waiver of Rights. No failure or delay of Landlord to exercise any right or power
given it herein or to insist upon strict compliance by Tenant of any obligation imposed on it herein and no custom or practice of either party hereto at variance with any term hereof shall constitute a waiver or a modification of the terms hereof by
Landlord or any right it has herein to demand strict compliance with the terms hereof by Tenant. No waiver of any right of Landlord or any default by Tenant on one occasion shall operate as a waiver of any of Landlord’s other rights or of any
subsequent default by Tenant. No express waiver shall affect any condition, covenant, rule, or regulation other than the one specified in such waiver and then only for the time and in the manner specified in such waiver. No person has or shall have
any authority to waive any provision of this Lease unless such waiver is expressly made in writing and signed by an authorized officer of Landlord. 

25. Holding Over. In the event of holding over by Tenant after expiration or termination of this Lease without the written consent of
Landlord, Tenant shall pay as rent for such 

  
 15 

 
holdover period one hundred fifty percent (150%) of the Rental that would have been payable if this Lease had not so terminated or expired). No holding over by Tenant after the term of this
Lease shall be construed to extend this Lease, and Tenant shall be deemed a tenant at will, terminable on five (5) days notice from Landlord. In the event of any unauthorized holding over, Tenant shall indemnify Landlord against all claims for
damages by any other tenant to whom Landlord shall have leased all or any part of the Premises effective upon the termination of this Lease. 

26. Subordination. 
 a.
If this Lease (and all its terms and conditions) shall become subject and subordinate to any mortgages or deeds of trust covering the Premises, whether or not for the full amount of all advances made or to be made thereunder and without regard to
the time or character of such advances, the holder of any such mortgage or deed of trust (any of the foregoing, a “Holder”), shall execute a subordination, non-disturbance and attornment agreement in form and content reasonably acceptable
to Tenant and such mortgagee providing (in part) that as long as an event of default on the part of Tenant is not in existence, Tenant shall not be disturbed in its possession of the Premises or have its rights hereunder terminated or modified by
such mortgagee, except pursuant to the provisions of this Lease. 
 b. Tenant agrees that if Landlord defaults in the performance or
observance of any covenant or condition of this Lease required to be performed or observed by Landlord hereunder, Tenant will give written notice specifying such default by certified or registered mail, postage prepaid, to any Holder of which Tenant
has been notified in writing, and before Tenant exercises any right or remedy which it may have on account of any such default of Landlord, such party shall have the same amount of time as is afforded Landlord to cure such default of Landlord.
Whether or not any deed of trust or mortgage is foreclosed, or any Holder succeeds to any interest of Landlord under this Lease, no Holder shall have any liability to Tenant for any security deposit paid to Landlord by Tenant hereunder, unless such
security deposit has actually been received by such Holder. No Holder of which Tenant has been notified, in writing, shall be bound by any amendment or modification of this Lease made without the written consent of such Holder, nor shall any such
party be liable for any defaults of Landlord under this Lease. 
 27. Estoppel Certificate. Tenant agrees that, from time to time
upon request by Landlord, or any existing or prospective mortgagee or ground lessor, Tenant will complete, execute and deliver a written estoppel certificate certifying (a) that this Lease is unmodified and is in full force and effect (or if
there have been modifications, that this Lease, as modified, is in full force and effect and setting forth the modifications); (b) the amounts of the monthly installments of Base Rental, Additional Rental and other sums then required to be paid
under this Lease by Tenant; (c) the date to which the Base Rental, Additional Rental and other sums required to be paid under this Lease by Tenant have been paid; (d) that Landlord is not in default under any of the provisions of this
Lease, or if in default, the nature thereof in detail and what is required to cure same; and (e) such other information concerning the status of this Lease or the parties’ performance hereunder reasonably requested by Landlord or the party
to whom such estoppel certificate is to be addressed. 

  
 16 

 28. Sublease or Assignment by Tenant. 

a. The Tenant shall not, without the Landlord’s prior written consent, (i) assign, convey, mortgage, pledge, encumber, or otherwise
transfer (whether voluntarily, by operation of law, or otherwise) this Lease or any interest hereunder; (ii) allow any lien to be placed upon Tenant’s interest hereunder; (iii) sublet the Premises or any part thereof; or
(iv) permit the use or occupancy of the Premises or any part thereof by anyone other than Tenant or Tenant’s subsidiaries. Any attempt to consummate any of the foregoing without Landlord’s consent shall be void and of no force or
effect. For purposes hereof, the transfer of the ownership or voting rights in a controlling interest of the voting stock of Tenant (if Tenant is a corporation) or the transfer of a general partnership interest or a majority of the limited
partnership or membership interest in Tenant (if Tenant is a partnership or limited liability company), at any time throughout the term of this Lease, shall be deemed to be an assignment of this Lease. 

b. For any proposed assignment or subletting Tenant shall submit to Landlord a copy of the proposed sublease or assignment, and such
additional information concerning the business, reputation and creditworthiness of the proposed sublessee or assignee as shall be sufficient to allow Landlord to form a commercially reasonable judgment with respect thereto. If Landlord approves any
proposed sublease or assignment, Landlord shall receive from Tenant as Additional Rental fifty percent (50%) of any rents or other sums received by Tenant pursuant to said sublease or assignment in excess of the rentals payable to Landlord by
Tenant under this Lease (after deducting all of Tenant’s reasonable costs associated therewith, including reasonable brokerage fees and the reasonable cost of remodeling or otherwise improving the Premises for said sublessee or assignee), as
such rents or other sums are received by Tenant from the approved sublessee or assignee. Landlord may require that any rent or other sums paid by a sublessee or assignee be paid directly to Landlord. 

c. Notwithstanding the giving by Landlord of its consent to any subletting, assignment or occupancy as provided hereunder or any language
contained in such lease, sublease or assignment to the contrary, unless this Lease is expressly terminated by Landlord, Tenant shall not be relieved of any of Tenant’s obligations or covenants under this Lease and Tenant shall remain fully
liable hereunder. 
 d. Notwithstanding anything in this Lease to the contrary, so long as Tenant remains jointly and severally liable for
all of its obligations under this Lease, Tenant shall have the right, without Landlord’s consent, to assign or transfer its interest in this Lease: (i) in connection with a merger or reorganization of Tenant or a sale of all or
substantially all of Tenant’s assets (so long as such assignee expressly assumes all of Tenant’s obligations under this Lease in writing); (ii) to an 

  
 17 

 
entity wholly or partially owned or controlled by, or under common control with, Tenant; or (iii) to an entity whose (A) net worth is equal to or greater than the greater of the net
worth or Tenant (1) on the date of this Lease or (2) at the time of such assignment; and (B) use of the Premises will be for banking and financial services; general business office use; or any other reputable business activity
approved by Landlord in its reasonable discretion. 
 29. Quiet Enjoyment. Landlord covenants that Tenant shall and may peacefully
have, hold and enjoy the Premises free from hindrance by Landlord or any person claiming by, through or under Landlord but subject to the other terms hereof, provided that Tenant pays the Base Rental, Additional Rental, and any other sums herein
recited to be paid by Tenant and performs all of Tenant’s covenants and agreements herein contained. It is understood and agreed that this covenant and any and all other covenants of Landlord contained in this Lease shall be binding upon
Landlord and its successors only with respect to breaches occurring during the ownership of the Landlord’s interest hereunder. 
 30.
Assignment by Landlord. Landlord shall have the right to transfer and assign, in whole or in part, all its rights and obligations hereunder, in the Premises, and in such event and upon such transfer no further liability or obligation shall
thereafter accrue against Landlord hereunder. 
 31. Limitation of Landlord’s Personal Liability. Tenant specifically agrees to
look solely to Landlord’s equity interest Premises for the recovery of any monetary judgment against Landlord, it being agreed that Landlord (and its partners, members and shareholders) shall never be personally liable for any such judgment.
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. 

32. Force Majeure. Landlord and Tenant (except with respect to the payment of Base Rental or Additional Rental or any other monetary
obligation under this Lease) shall be excused for the period of any delay and shall not be deemed in default with respect to the performance of any of the terms, covenants and conditions of this Lease when prevented from so doing by a cause or
causes beyond the Landlord’s or Tenant’s (as the case may be) control (excluding financial inability to perform), which shall include, without limitation, all labor disputes, governmental regulations or controls, fire or other casualty,
inability to obtain any material or services, acts of God, or any other cause not within the reasonable control of Landlord or Tenant (as the case may be). 

33. Surrender of Premises. Upon the termination of this Lease by lapse of time or otherwise or upon the earlier termination of
Tenant’s right of possession, Tenant shall quit and surrender possession of the Premises (including all leasehold improvements made or installed by 

  
 18 

 
Tenant or by Landlord) to Landlord, broom clean, in the same condition as upon delivery of possession to Tenant hereunder, normal wear and tear excepted. Before surrendering possession of the
Premises, Tenant shall, without expense to Landlord, remove all signs, furnishings, equipment, trade fixtures, merchandise and other personal property installed or placed in the Premises and all debris and rubbish, and Tenant shall repair all damage
to Premises resulting from such removal. If Tenant fails to remove any of the signs, furnishings, equipment, trade fixtures, merchandise and other personal property installed or placed in the Premises by the expiration of the Term or earlier
termination of this Lease, then Landlord may, at its sole option, (i) deem any or all of such items abandoned and the sole property of Landlord; or (ii) remove any and all such items and dispose of same in any manner. Tenant shall pay
Landlord on demand any and all expenses incurred by Landlord in the removal of such items, including, without limitation, the cost of repairing any damage to the Premises caused by such removal and storage charges (if Landlord elects to store such
property). 
 34. Notices. Any notice or other communications required or permitted to be given under this Lease must be in writing
and shall be effectively given or delivered if (a) hand delivered to the addresses for Landlord and Tenant stated below, (b) sent by certified or registered United States Mail, return receipt requested, to said addresses, (c) sent by
nationally recognized overnight courier (such as Federal Express, UPS Next Day Air or Airborne Express), with all delivery charges paid by the sender and signature required for delivery, to said address; or (d) sent by facsimile to the
facsimile numbers for Landlord and Tenant stated below and actually received, as evidenced by facsimile confirmation report, by Landlord or Tenant, as the case may be. Any notice mailed shall be deemed to have been given upon receipt or refusal
thereof. Notice effected by hand delivery shall be deemed to have been given at the time of actual delivery. Either party shall have the right to change its address to which notices shall thereafter be sent and the party to whose attention such
notice shall be directed by giving the other party notice thereof in accordance with the provisions of this Section. 
  

			
	Landlord:	    	Columbia Avenue Partners, LLC
		    	320 Main Street, Suite 230
		    	Franklin, Tennessee 37064
		    	Facsimile: (615) 794-7910
		
	Copy to:	    	Bone McAllester Norton PLLC
		    	511 Union Street, Suite 1600
		    	Nashville, Tennessee 37219
		    	Attention: Jack Stringham, Esq.
		    	Facsimile: (615) 238-6301

  
 19 

			
	Tenant:	    	Franklin Synergy Bank
		    	722 Columbia Avenue
		    	Franklin, Tennessee 37064
		    	Facsimile: (615) 236-4639

 35. Right of First Refusal. Landlord hereby grants to Tenant an ongoing right of refusal (the
“Right of Refusal”), during the Term, to purchase the Premises upon the terms and conditions set forth below in this Section 35. If at any time during the Term, Landlord receives a bona fide offer that is acceptable to Landlord in
Landlord’s sole and absolute discretion (an “Offer”) from a prospective purchaser of the Premises desirous of purchasing the Premises, then Landlord shall offer to Tenant in writing (the “Refusal Notice”) the right to
purchase the Premises on the same terms and conditions as are set forth in the Offer. The Refusal Notice shall set forth all salient terms and conditions of the Offer, including, without limitation, (i) the offered price or consideration,
(ii) the offered closing date, and (iii) any and all material terms of the conveyance so proposed. Tenant shall have the right to exercise the Right of Refusal by delivering written notice of such exercise to Landlord within thirty
(30) days after delivery of the Refusal Notice to Tenant. If Tenant exercises the Right of Refusal, Tenant shall have the right to purchase the Premises on all the same terms and conditions as are set forth in the Offer and the Refusal Notice.
Tenant’s rights under this Section 35 shall not be assignable or transferable. 
 36. Participation in Sale Proceeds. If
Landlord sells the Premises at any time within the first three (3) years of the Term to any party other than Tenant or any subsidiary of Tenant (whether pursuant to the provisions of Section 35 or otherwise), then Tenant shall receive from
Landlord ten percent (10%) of Landlord’s Profit (defined below) from such sale. Whether Landlord sells the Premises, and the terms and conditions of such sale, shall be in the sole and absolute discretion of Landlord and not subject to
review or approval by Tenant. Notwithstanding anything herein to the contrary, nothing contained in this section shall be deemed to reduce or terminate the Term unless Landlord and Tenant shall expressly consent to the same in writing. 

For purposes of this Section 36, the term “Profit” means: 

a. During the first year of the Term, the difference between (i) the net proceeds from the sale of the Premises and (ii) the cost
of the Premises to Landlord in the amount of $5,000,000.00; 
 b. During the second year of the Term, the difference between (i) the
net proceeds from the sale of the Premises and (ii) the cost of the Premises to Landlord in the amount of $5,250,000.00; or 
 c.
During the third year of theTerm, the difference between (i) the net proceeds from the sale of the Premises and (ii) the cost of the Premises to Landlord in the amount of $5,512,500.00. 

  
 20 

 37. Miscellaneous. 

a. This Lease shall be binding upon and inure to the benefit of the successors and assigns of Landlord, and shall be binding upon and inure to
the benefit of Tenant, its successors, and, to the extent assignment may be approved by Landlord hereunder, Tenant’s assigns. 
 b. All
rights and remedies of Landlord and Tenant under this Lease shall be cumulative and none shall exclude any other rights or remedies allowed by law. This Lease is declared to be a Tennessee contract, and all of the terms hereof shall be construed
according to the laws of the State of Tennessee. 
 c. This Lease may not be altered, changed or amended, except by an instrument in writing
executed by all parties hereto. 
 d. If Tenant is a corporation, partnership, limited liability company or other entity, Tenant warrants
that all consents or approvals required of third parties (including but not limited to its Board of Directors, partners or members) for the execution, delivery and performance of this Lease have been obtained and that Tenant has the right and
authority to enter into and perform its covenants contained in this Lease. 
 e. To the extent permitted by applicable law, the parties
hereto shall and they hereby do waive trial by jury in any action, proceeding or counterclaim brought by either of the parties hereto against the other on any matters whatsoever arising out of or in any way connected with this lease, the
relationship of landlord and tenant, Tenant’s use or occupancy of the Premises and/or any claim of injury or damage. In the event Landlord commences any proceedings for nonpayment of rent or any other amounts payable hereunder, Tenant shall not
interpose any counterclaim of whatever nature or description in any such proceeding, unless the failure to raise the same would constitute a waiver thereof. This shall not, however, be construed as a waiver of Tenant’s right to assert such
claims in any separate action brought by Tenant. 
 f. If any term or provision of this Lease, or the application thereof to any person or
circumstance, shall to any extent be invalid or unenforceable, the remainder of this Lease, or the application of such provision to persons or circumstances other than those as to which it is invalid or unenforceable, shall not be affected thereby,
and each provision of this Lease shall be valid and shall be enforceable to the extent permitted by law. 

  
 21 

 g. Time is of the essence in this Lease. 

h. Tenant represents and warrants to Landlord that Tenant did not deal with any broker in connection with this Lease. Tenant shall indemnify,
defend and hold Landlord harmless of, from and against any and all losses, damages, liabilities, claims, liens, costs and expenses (including, without limitation, court costs, reasonable attorneys’ fees and litigation expenses) arising from any
claims or demands of any other broker or brokers or finders for any commission alleged to be due such other broker or brokers or finders claiming to have dealt with Tenant in connection with this Lease or with whom Tenant hereafter deals or whom
Tenant employs. 
 i. If Tenant comprises more than one person, corporation, partnership, limited liability company or other entity, the
liability hereunder of all such persons, corporations, partnerships or other entities shall be joint and several. 
 j. Landlord’s
receipt of any monetary amount due hereunder (including Base Rental and Additional Rental) payable by Tenant hereunder with knowledge of the breach of a covenant or agreement contained in this Lease shall not be deemed a waiver of the breach. No
acceptance by Landlord of a lesser amount than the full and complete installment of monetary amount due under this Lease (including Base Rental and Additional Rental) which is due shall be considered, nor shall any endorsement or statement on any
check or any letter accompanying any check or payment be deemed, an accord and satisfaction. Landlord may accept a check or payment without prejudice to Landlord’s right to recover the balance due or to pursue any other remedy provided in this
Lease. 
 k. Submission of this instrument for examination shall not constitute a reservation of or option to lease the Premises or in any
manner bind Landlord, and no lease or obligation on Landlord shall arise until this instrument is signed and delivered by Landlord and Tenant. 

l. Any claim, cause of action, liability or obligation arising under the term of this Lease and under the provisions hereof in favor of a
party hereto against or obligating the other party hereto and all of Tenant’s indemnification obligations hereunder shall survive the expiration or any earlier termination of this Lease. 

[Signature page follows.] 

  
 22 

 IN WITNESS WHEREOF, the parties hereto have executed and sealed this Lease as of the date
aforesaid. 
  

			
	LANDLORD:
	
	COLUMBIA AVENUE PARTNERS, LLC
		
	 By:
	 	

		
	Title:	 	Managing Partner
	
	TENANT:
	
	FRANKLIN SYNERGY BANK
		
	By:	 	

		
	Title:	 	EVP, CFO

  
 23 

 EXHIBIT A 

Description of Premises 

All that tract or parcel of land in Williamson County, Tennessee, and being more particularly described as follows: 

Beginning at an iron pin on the westerly margin of Columbia Avenue at the southeast comer of the City of Franklin property, as of record in
Book 2789, Page 664, Register’s Office for Williamson County, Tennessee and being more particularly described as follows: 
 1. Thence
S 11°02’03” W, 91.84 feet along Columbia Avenue to a P.K. nail; 
 2. Thence N 79°37’11” W, 175.51 feet along
the Carlisle property line to an iron pin; 
 3. Thence S 12°17’16” W, 15.09 feet along the Carlisle property line to a pipe;

 4. Thence N 80°48’21” W, 53.98 feet along the Mercy Health Services property line to an iron pin; 

5. Thence N 11°42’46” E, 244.92 feet along the Baisden property line to an iron pin; 

6. Thence S 43°06’41” E, 58.37 feet to an iron pin; 

7. Thence S 72°12’55” E, 69.01 feet to an iron pin; 

8. Thence S 14°33’02” W, 79.11 feet along the City of Franklin property line to an iron pin; 

9. Thence S 72°34’45” E, 116.62 feet along the City of Franklin property line to the point of beginning, containing 34,903.35
square feet or 0.80 acres. 
 Being the same property conveyed to Columbia Avenue Partners, LLC, a Tennessee limited liability company by
deed from Larry L. Padgett, or record in Book 4667, page 446, Register’s Office for said county. 

  
 24 

 EXHIBIT B 

Form of Commencement Agreement 

COMMENCEMENT AGREEMENT 

THIS COMMENCEMENT AGREEMENT (this “Agreement”), made and entered into as of this 4 day of May, 2010, is by and between
COLUMBIA AVENUE PARTNERS, LLC, a Tennessee limited liability company, (“Landlord”), and FRANKLIN SYNERGY BANK, a Tennessee banking corporation (“Tenant”). 

A. Tenant and Landlord entered into that certain Triple Net Office Lease Agreement dated May 4, 2010 (the “Lease”), for certain
improved real property municipally known as 722 Columbia Avenue located in Franklin, Williamson County, Tennessee, consisting of approximately 16,153 rentable square feet, being more particularly described in the Lease; and 

B. The parties desire to precisely establish the Commencement Date as set forth below. 

NOW, THEREFORE, in consideration of the mutual and reciprocal promises herein contained, and pursuant to Section 2 of the Lease, Tenant
and Landlord hereby agree that the Lease is hereby modified as follows: 
 1. The term of the Lease by and between Landlord and Tenant
actually commenced on May 7, 2010 (the “Commencement Date”). 
 2. Except as modified and amended by this Agreement, the
Lease shall remain in full force and effect. 
 IN WITNESS WHEREOF, Landlord and Tenant have caused this Agreement to be duly
executed, as of the day and year first above written. 
  

									
	LANDLORD:	 		 	TENANT:
			
	COLUMBIA AVENUE PARTNERS, LLC	 		 	FRANKLIN SYNERGY BANK
					
	By:	 	

	 		 	By:	 	

					
	Title:	 	Managing Partner	 		 	Title:	 	EVP, CFO

  
 25 

 EXHIBIT C 

Landlord’s Work and Tenant Improvement Allowance 

Landlord’s Work 

Before the Commencement Date, Landlord shall complete on the Premises construction of the two-story, warm “white box” building shown
on the plans and drawings attached hereto as Exhibit C-1, which building shall consist of two floors (the first floor consisting of approximately 6,392 square feet and the second floor consisting of approximately 9,761) and shall include base
electrical, plumbing, and mechanical systems (the “Landlord’s Work”). Landlord anticipates that Landlord’s Work shall be complete by May 1, 2010, but Landlord does not guarantee this anticipated completion date and Tenant
represents and warrants that it is not relying on this anticipated completion date. Notwithstanding the foregoing, if Landlord’s Work is not complete by September 1, 2010, Tenant shall have a continuing right to terminate this Lease upon
written notice to Landlord, in which event neither party shall have any further obligation to the other hereunder. 
 Landlord warrants to
Tenant that Landlord’s Work shall be completed (i) in a good and workmanlike manner and (ii) in accordance with the requirements of all applicable laws, codes and ordinances of governmental authorities having jurisdiction over the
Premises. Landlord further hereby assigns to Tenant all third-party warranties granted to Landlord in connection with Landlord’s Work. 

Tenant Improvement Allowance 

Following completion of Landlord’s Work and delivery of the Premises to Tenant, Landlord shall provide Tenant with an improvement
allowance (the “Tenant Improvement Allowance”) of $20 per square foot of the building constructed under Landlord’s Work. The Tenant Improvement Allowance shall be payable to Tenant no earlier than the Commencement Date. 

  
 26 

 EXHIBIT C-1 

Building Plans and Drawings 

[See attached.] 

  
 27 

 EXHIBIT C-2 

Delivery of Premises to Tenant 

  
 28

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