Document:

EX-10.4 ASSIGNMENT AND ASSUMPTION AGREEMENT

 

Exhibit 10.4

ASSIGNMENT AND ASSUMPTION AGREEMENT

     WHIPPLE DEVELOPMENT CORPORATION, a South Carolina corporation (hereinafter referred to as
“Assignor”), for and in consideration of the sum of Ten and NO/l00 ($10.00) Dollars, and other good
and valuable considerations to it paid by EBANK MORTGAGE, LLC, a Georgia limited liability company
(hereinafter referred to as “Assignee”), the receipt and sufficiency of which are hereby
acknowledged, has ASSIGNED, SOLD and TRANSFERRED, and by these presents does ASSIGN, SELL and
TRANSFER, unto Assignee, without any warranty whatsoever, expressed or implied, all of the
following:

     Any and all of Assignor’s interests in and to the tenant lease by and between 2401 Lake Park
Drive Associates, L.P., a Georgia limited partnership whose sole general partner is 2401 Lake Park
Drive Holding Corp., a Georgia corporation (as “Landlord”) and Whipple Development Corporation (as
“Tenant”) dated June 1, 1998, as amended by First Amendment to Lease between the parties, dated
September 25, 2001 (hereinafter collectively referred to as the “Lease”), which Lease is for 2,430
rentable square feet of office space located on the 2nd floor of Park Centre Office
Building at 2401 Lake Park Drive, Smyrna, Georgia 30080-8812 (hereinafter referred to as the
“Property”). A copy of the entire Lease is attached hereto as Exhibit “A”.

     As a part of the consideration to Assignor for the assignment, transfer and sale of the Lease,
Assignee, by its acceptance hereof, hereby assumes and agrees to perform all of the
responsibilities and obligations of the landlord or lessor under the Lease arising and accruing
under said Lease from and after the date of this instrument. Assignee hereby agrees to defend,
indemnify and hold Assignor harmless from and against any breach, violation or non-performance on
the part of Assignee of any covenants or conditions of the Lease arising or accruing from and after
the date hereof.

     This Assignment and Assumption of Lease shall be binding upon and inure to the benefit of
Assignor and Assignee and their respective successors and assigns.

     Executed under seal, this the 19th day of April, 2006

	 	 	 	 	 
	 	ASSIGNOR

WHIPPLE DEVELOPMENT

CORPORATION

 	 
	 	By:  	/s/ Marie M. Cole
 	 
	 	 	Marie M. Cole, Vice President 	 
	 	 	 	 
	 

(signatures continued on next page)

	 	 	 	 	 	 	 
	 	 	ASSIGNEE	 	 
	 
	 	 	 	 	 	 
	 	 	EBANK MORTGAGE, LLC, a Georgia	 	 
	 	 	limited liability company	 	 

 

 

	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Lucien J. Barrette
 

	 	 
	 	 	LUCIEN J. BARRETTE, PRESIDENT	 	 
	 
	 	 	 	 	 	 
	 	 	CONSENT TO BY LANDLORD:	 	 
	 
	 	 	 	 	 	 
	 	 	2401 LAKE PARK DRIVE	 	 
	 	 	ASSOCIATES, L.P.	 	 
	 
	 	 	 	 	 	 
	 	 	BY: 2401 LAKE PARK DRIVE	 	 
	 	 	HOLDING CORP., ITS SOLE	 	 
	 	 	GENERAL PARTNER	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:
	 	/s/ Edward L. Terry
 

EDWARD L. TERRY, PRESIDENT
	 	 

-2-EX-10.5 LEASE AGREEMENT

 

Exhibit 10.5

PARK CENTRE OFFICE BUILDING

LEASE

          THIS AGREEMENT made the  1st  day of  June , 1998, between 2401
Lake Park Drive Associates, L.P., a Georgia limited partnership whose address is 2401 Lake Park
Drive, Suite 355, Smyrna, Georgia 30080 (hereinafter referred to as “Lessor”), and WHIPPLE
DEVELOPMENT CORPORATION, a South Carolina corporation, whose address is 2401 Lake Park Drive, Suite
200, Smyrna, Georgia 30080 (herein referred to as “Lessee”).

W I T N E S S E T H

          For and in consideration of the payment of rent, and the keeping and performing of the
covenants and agreements hereinafter set forth to be kept and performed by Lessor and Lessee,
Lessor hereby leases to Lessee and Lessee hereby leases from Lessor certain premises (the
“Premises”) located in an office building (the “Building”), which is known as “Park Centre”,
situation in the County of Cobb, which Premises and Building are more particularly described
hereinbelow, for the Term, at the rental, and subject to and upon all of the terms and conditions
hereinafter set forth.

          1. FUNDAMENTAL LEASE PROVISIONS AND EXHIBITS.

          1.1 Fundamental Lease Provisions.

          A. Name of Building: Park Centre.

          B. Address of Premises: 2401 Lake Park Drive, Suite 200, Smyrna, Georgia 30080.

          C. Net Rentable Area and Location of Premises. The Net Rentable Area of the Premises is 2,430
square feet, located on second (2nd) floor of the Building, and being also known as
Suite 200.

          The term “Net Rentable Area”, as used herein, shall refer to (i) in the case of a single
tenancy floor, all floor area measured from the inside surface of the outer glass wall of the
Building to the inside surface of the opposite exterior glass wall, excluding only the areas
(“Service Areas”) within the exterior glass walls used for Building stairs, elevator shafts, flues,
vents, stacks, pipe shafts and vertical ducts, but including any Service Areas which are for the
specific use of the particular tenant such as special stairs or elevators, and (ii) in the case of
a partial floor, all floor areas within the inside surface of the outer glass wall enclosing the
portion of the Premises on such floor and measured to the mid-point of the walls separating areas
leased by or held for lease to other tenants or from areas devoted to corridors, elevator foyers,
rest rooms, mechanical rooms, janitor closets, vending areas and other similar facilities for the
use of all tenants on a particular floor (herein sometimes called “Common Areas”), but including a
proportionate part of the Common Areas located on such floor based upon the ratio which the
Lessee’s Net Rentable Area on such floor (determined by excluding such Common Areas) bears to the
aggregate Net Rentable Area on such floor (determined by excluding such Common Areas). No
deductions from Net Rentable Area are made for columns or projections necessary to the Building.
The Net Rentable Area in the Premises

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as set forth above have been calculated on the basis of the foregoing definition from dimensions
shown on the plans for the building and shall be binding, whether the actual area should be more or
less as a result of minor variations resulting from actual construction and completion of the
Premises for occupancy so long as such work is done in accordance with the terms and provisions
hereof.

          D. Lease Term: Commencement Date – September 1, 1998, or such earlier date as provided
herein.

          Expiration Date – April 30, 2003.

          E. Base Annual Rental: $38,272.50 (the “Base Annual Rental”).

          F. Base Monthly Rental: $3,189.38 (the “Base Monthly Rental”).

          1.2 Exhibits. The Exhibits listed in this Section 1.2 and attached to this Lease are hereby
incorporated in this Lease by reference, and are to be construed as part of this Lease. Lessor and
Lessee each agree to perform all of their respective obligations stated therein.

          Exhibit “A” – Building Floor Plan.

          Exhibit “B” – Location of Lessee’s Premises Within Building.

          Exhibit “C” – Rental Adjustments.

          Exhibit “D” – Acceptable Agreement.

          Exhibit “E” – Work Letter.

          Exhibit “F” – Option.

          2. PREMISES AND TERM. Lessor does hereby rent and lease to the Lessee the Premises located
within the Building as shown on the Location of Lessee’s Premises Within Building attached hereto
as Exhibit “B”, as depicted on the Floor Plan attached hereto as Exhibit “A”, for a Term commencing
on the 1st day of September 1, 1998 and ending on the 30th day of April, 2003
(the “Term”). *No easement for light or air is included in the Premises, and Lessee is not given
any rights as to the number, size or location of windows in the Premises. Lessor agrees to warrant
and defend Lessee in the quite enjoyment of the Premises during the Term of this Lease so long as
Lessee complies with the provisions hereof.

          3. RENTAL TIME IS OF THE ESSENCE OF THIS SECTION 3.

          3.1 Rental.

 

			
	*	 	In the event the Premises is ready for occupancy prior to September 1, 1998, Lessee may occupy the
Premises and rent for the month of August, 1998 will be prorated based upon the date Lessee accepts
the Premises by executing the Acceptance Agreement.

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          A. Base Annual Rental and Base Monthly Rental. Lessee shall pay to Lessor at the Building
management office or such other location designated by Lessor from time to time, promptly on or
before the first day of each month in advance, without demand, setoff or abatement, during the
entire Term of this Lease, the Base Monthly Rental, which for a lease year is equivalent to the
Base Annual Rental; which Base Monthly Rental and Base Annual Rental include Lessee’s share of
“Common Area” rental as determined by a thirteen and eight tenths percent (13.8%) common area
factor; (the Base Monthly Rental, and all other sums due and payable hereunder, including, but not
limited to, Rental Adjustment under Paragraph 3.2 below, are hereinafter referred to as “Monthly
Rental”); provided, however, that the Base Monthly Rental and resulting Base Annual Rental shall be
adjusted in accordance with the provisions of Paragraph 3.2 below.

          If this Lease is executed before the Premises herein become ready for occupancy and Lessor
cannot acquire and/or deliver possession of the Premises by the time the Term of this Lease is
fixed herein to begin, then (i) Lessee shall waive any claim for damages due to such delay, (ii)
Lessor shall waive the payment of any Monthly Rental until Lessor delivers possession to Lessee,
and (iii) Lessor and Lessee shall enter into an agreement
extending the beginning of the Lease Term
until the date Lessor delivers possession and extending the end of the Lease Term by a like period
of time, to be prepared by Lessor.

          B. Late Charge. Lessee agrees that Lessor shall require and Lessee shall pay a late or
delinquent charge of ten percent (10%) of the total Monthly Rental due if and when the full amount
of the Monthly Rental, as adjusted, has not been received by the tenth (10th)day of the
month at the Building management office of Lessor, or at such other place as Lessor has designated
in writing; provided, however, Lessor shall have no obligation to accept any payment of Monthly
Rental after the first day of any month during the Term hereof.

          3.2 Rental Adjustments. Lessee shall pay to Lessor, as additional Monthly Rental, the rental
adjustments more particularly described in Exhibit “C” attached hereto. Lessee’s obligation to pay
the Monthly Rental and Late Charge, if applicable, to Lessor, and Lessee’s obligation to pay the
rental adjustments referred to in this Paragraph 3.2 and Exhibit “C” attached hereto, shall survive
the expiration or early termination of this Lease.

          4. SECURITY DEPOSIT. [This section intentionally deleted by the parties.]

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          5. SERVICES. As long as Lessee is not in default under any of the provisions of this Lease,
Lessor agrees to furnish to or provide for the Premises the services described below, without
charge except as provided for herein.

          5.1 Services. From 8:00 a.m. to 6:00 p.m. on weekdays and 8:00 a.m. to 1:00 p.m. on Saturday
(“Building Standard Hours”) (excluding legal holidays), Lessor shall furnish the Premises with
electricity for lighting and operation of low power usage office machines, water, heat and air
conditioning and elevator service. During all other hours, Lessor shall furnish such service
except for heat and air conditioning. Lessor shall also provide fluorescent light replacement
service for Lessor furnished light fixtures, toilet room supplies, window washing at reasonable
intervals, and customary building janitorial service. No janitorial service shall be provided
Saturdays, Sundays, or legal holidays. Lessee agrees to notify Lessor prior to its use of
electrical business or other office machines which are not low power usage machines, and to pay to
Lessor the amount of additional charge as determined by Lessor therefor.

          5.2 Interruption or Discontinuance of Service. Lessor shall not be liable for any loss,
injury or damage to property or person, including, without limitation, consequential, derivative,
incidental or special damages, caused by or resulting from any variation, interruption, or failure
of such services due to any cause whatsoever or from failure to make any repairs or perform any
maintenance. No temporary interruption or failure of such services

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incident to making of repairs, alterations, or improvements, or due to accident, strike, or
conditions or events beyond Lessor’s reasonable control shall be deemed an actual or constructive
eviction of Lessee or relieve Lessee from any of Lessee’s obligations hereunder, including, without
limitation, the prompt and punctual payment of Monthly Rental.

          6. USE OF PREMISES. Lessee covenants and agrees to use and occupy the Premises as general
business offices and for no other purposes. Further, Lessee agrees as follows: to use the
Premises in a careful, safe and proper manner, ordinary wear and tear excepted; to pay to Lessor on
demand for any damage to the Premises caused by misuse or abuse of such Premises by Lessee, its
agents or employees, or any other person entering upon the Premises under express or implied
invitation of Lessee; not to place or permit to be placed in the Premises any excessively heavy
objects, including, without limitation, safes or computers, without the prior written consent of
Lessor as to the weight per square foot and position of such heavy articles; and, not to use or
permit the Premises to be used by any purposes prohibited by the laws, codes, rules and regulations
of the United States, the State of Georgia, or any applicable political subdivision thereof.
Lessee shall not commit waste, or suffer or permit waste to be committed, or permit any nuisance on
or in the Premises.

          7. CONDITION OF PREMISES – ACCEPTANCE BY LESSEE. Lessee accepts the Premises, including the
Building, improvements and personalty thereto, “AS IS”, in their present condition on the date of
the commencement of the term of this Lease, and as suited for the use intended by Lessee, except
for items of “tenant finish” and such other items as are set forth in a Work Letter which shall be
attached hereto as Exhibit “E”. Lessor and Lessee acknowledge that the Work Letter will be
prepared and attached subsequent to the date of execution hereof, but on or before the commencement
date of the term hereof. Lessor, or Lessor’s agents, have made no representation or warranty as to
the condition of said Premises or as to the use or occupancy which may be made thereof.

          8. MAINTENANCE, REPAIRS AND ALTERATIONS. Lessor may enter the Premises at reasonable hours:
to maintain and clean the Premises; to exhibit same to prospective purchasers or tenants; to
inspect the Premises to see that Lessee is complying with all its obligations hereunder; and to
make repairs required by Lessor under the terms hereof or repairs to any adjoining space.

          8.1 REPAIRS BY LESSEE. Lessee shall be liable for and shall hold Lessor harmless in respect
of damage or injury to the Premises, or the person or property of the Lessee, or the person or
property of Lessor’s other tenants, or anyone else, if arising out of the negligence or wilful
misconduct of Lessee, its agents, servants, employees, licensees or invitees. Lessee shall report
in writing to Lessor any defective condition known to him which Lessor is required to repair and
failure to so report shall make Lessee responsible for damages resulting from such defective
condition. Such report shall be made within three (3) weekdays. All personal

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property kept upon the Premises shall be at the risk of Lessee only, and Lessor shall not be liable
for any damages thereto or theft thereof. Lessee shall keep the Premises in a sound, safe, and fit
condition. Lessee will make no alteration in, or addition to, the Premises without obtaining
Lessor’s prior written consent. All additions, fixtures and improvements, whether temporary or
permanent in character (except only the movable office furniture of Lessee, made in or upon the
Premises, either by Lessee or Lessor, shall be Lessor’s property, and shall remain upon the
Premises at the termination of said Term by lapse of time or otherwise, without compensation to
Lessee. If requested by Lessor, Lessee shall, at or before the expiration of the Term, or any
extension or renewal thereof, remove any additional fixtures or improvements made by or for it, and
restore the Premises to its original condition.

          8.2 REPAIRS BY LESSOR. In the event Lessor, during the Term of this Lease, shall be required
by the order or decree of any court or any other governmental authority, to repair, alter, remove,
reconstruct or improve any part of the Premises, then such repairing, alterations, removal,
reconstruction or improvements may be made by and at the expense of Lessor, and shall not in any
way affect the obligations or covenants of Lessee herein contained, and Lessee hereby waives all
claims for damages or abatement or setoff of rent because of such repairing, alteration, removal,
reconstruction or improvement; provided, however, Lessee shall pay for the cost of such repairs if
same are required because of any special use of the Premises by Lessee. Lessor shall not be
responsible for any latent defect or changes in condition in the Building, improvements and
personalty, and the Monthly Rental hereunder shall in no case be withheld or diminished by any
abatement or setoff of rent, or otherwise, on account of any defect
therein, nor any change of condition thereof, nor for any damage occurring thereto. Lessor shall
not be required to make any repairs or improvements to the Premises, except structural repairs
necessary for safety and tenantability.

          9. MECHANICS’ LIENS. Lessee shall keep the Premises free and clear of all mechanics’ liens
and other liens on account of work done, materials ordered or obligations incurred by or on behalf
of Lessee or persons claiming under it. Lessee hereby agrees to indemnify, defend and save Lessor
harmless of and from all liability, loss, damage, costs or expenses, including reasonable
attorneys’ fees, incurred on account of any claims of any nature whatsoever, including any such
claims on liens. Should any such liens be filed or recorded against the Premises or any action
affecting the title thereto be commenced, Lessee shall cause such liens to be removed of record or
bonded within five (5) days after notice from Lessor. If Lessee shall be in default in removing or
binding any such lien, Lessor may (but without being required to do so) pay such lien or claim.
The entire amount so paid, together with Lessor’s costs and expenses, including reasonable
attorneys’ fees incurred in connection therewith, shall be immediately due from Lessee to Lessor as
additional rent hereunder.

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          10. INSURANCE. Lessee agrees that it shall, at all times during the Term hereof, carry and
maintain, for the mutual benefit of Lessor and Lessee, what is commonly known as fire and extended
coverage insurance naming Lessor as an additional insured, and containing a waiver of rights of
subrogation against Lessor, insuring Lessee’s improvements in the Premises and its interest in
office furniture, equipment, supplies and all other personal property, and Lessee hereby waives any
right of action against Lessor for loss or damage to its improvements, fixtures and personal
property in the Premises. Insurance required hereunder shall be in companies rated A:XIII or
higher in “Best’s Key Rating Guide”, shall be non-cancellable without thirty (30) days notice to
Lessor, shall be in amounts approved by Lessor, and shall not be subject to reduction of coverage.
Lessee shall deliver to Lessor certificates of such insurance. The limit of such insurance shall
in no way limit the liability of Lessee.

          If Lessee should engage in any use upon the Premises that causes the premium charged Lessor
for its fire and extended coverage insurance or any other insurance to increase above the premium
amount that is considered a normal or average premium amount in the Atlanta metropolitan area for a
premium of this type, then Lessee agrees, upon demand, to pay the cost of any such increase.

          11. SUBLETTING, ASSIGNMENT AND TRANSFER OF OWNERSHIP.

          11.1 Subletting and Assignment. Lessee shall not, without the prior written consent of
Lessor, which consent may be given or withheld in Lessor’s sole discretion, assign this Lease or
any interest thereunder, or sublet the Premises or any part thereof, or permit the use of the
Premises by any party other than Lessee, or otherwise mortgage, hypothecate or encumber its
interest under this Lease or in the Premises. Consent by Lessor to any one assignment or
subletting shall not be construed to relieve Lessee from obtaining the prior written consent of
Lessor to any further assignment or subletting nor shall it waive Lessor’s right to refuse to
consent to any other such request. Such assignment or subletting, or the consent of Lessor
thereto, shall not relieve Lessee of its primary obligations to Lessor hereunder. It is agreed
that if Lessee requests Lessor’s consent to an assignment or subletting of all or any portion of
the Premises, it shall submit to Lessor in writing the name of the proposed assignee or sublessee,
the terms and conditions of the assignment or subletting, and the nature, character and references
of the business of the proposed assignee or sublessee, along with such other information regarding
the proposed assignee or sublessee as Lessor shall request.

          In addition to the Monthly Rental otherwise due and payable hereunder, it is hereby agreed
that during the Term hereof and any approved sublease hereof, Lessee shall pay to Lessor as
additional Monthly Rental, one hundred percent (100%) of the amount by which the rental received by
Lessee from its subtenant exceeds the Monthly Rental hereunder.

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          11.2 Transfer of Ownership. If Lessee is a corporation or partnership, and if at any time
during the Term of this Lease the person or persons who, on the commencement Date of the Term, own
or owns a majority of such corporation’s voting shares or the general partner’s interest in such
partnership, as the case may be, cease or ceases to own a majority of such shares (whether such
sale occurs at one time or at intervals so that, in the aggregate, such a transfer shall have
occurred), or general partner’s interest, as the case may be (except as the result of transfer by
inheritance), then an “assignment” shall be deemed to have occurred for purposes of this Paragraph
11. Lessee shall notify Lessor in writing not less than thirty (30) days prior to such
“assignment”, and the rest of the above provisions regarding Lessor’s rights, and consent to such
“assignment”, shall apply to such “assignment”. For the purposes of this Paragraph 11, stock
ownership shall be determined in accordance with the principles set forth in Section 544 of the
Internal Revenue Code of 1954, as amended, and the term “voting stock” shall mean shares of stock
regularly entitled to vote for the election of directors of the corporation.

          12. DESTRUCTION OR DAMAGE. In case the Premises are so injured or damaged by fire or other
causes as to be untenantable, Lessor shall have right, at its sole option, to either terminate this
Lease or within one hundred twenty (120) days, repair and restore the Premises to tenantable
condition, and the Monthly Rental shall abate pro rata for the portion of the Premises rendered
untenantable during the period the Premises or such portion thereof are untenantable. In no event
shall the Monthly Rental abate if the damage or destruction, whether total or partial, is the
result of the negligence or willful misconduct of Lessee, its agents, officers, employees or
invitees. Should the Premises not be restored within one hundred twenty (120) days from the date
of the fire or other cause rendering them untenantable, or should they be so damaged that Lessor
notifies Lessee that they are not restorable within one hundred twenty (120) days, then either
party hereto may terminate this Lease by giving the other party written notice of its intentions to
do so. If the Building shall be destroyed or damaged by an uninsured caualty to the extent that
more than 20% thereof is rendered untenantable, Lessee may, at its option, terminate this Lease by
notice to Lessor within 60 days after such destruction or damage. Such notice shall be effective
30 days after receipt thereof by Lessor. Lessor’s obligation to repair or restore the Premises is
subject to the rights of the holder of any mortgage, deed to secure debt, deed of trust, or other
security instrument encumbering the Building or any portion thereof.

          13. CONDEMNATION.

          13.1 Taking of Substantially All of the Premises. If during the Lease Term or any extension
thereof all or substantially all of the Premises shall be taken as a result of the exercise of the
power of eminent domain, or sold by Lessor under the threat of the exercise of said power, this
Lease shall terminate as of the date of vesting of title of the Premises pursuant to such

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proceeding. A taking of “substantially all of the Premises” shall be deemed to have occurred if a
taking under any such proceeding shall not involve (i) such an area of the Premises such that
Lessee cannot, in the remainder of the Premises, reasonably operate the business which was
conducted by Lessee on the Premises immediately prior to such taking, or (ii) such portions of the
Building as may be required for the reasonable use of the Premises.

          13.2 Taking of Less Than Substantially All of the Premises. If during the Lease Term or any
extension thereof, less than substantially all the Premises shall be taken in any such proceeding,
this Lease shall not terminate. Subsequent to such taking, the Monthly Rent due and payable by
Lessee shall be reduced in such just proportion as the nature, value and extent of the part so
taken bears to the whole of the Premises, and Lessor shall, as necessary, proceed to repair,
restore and place in proper condition for use and occupancy the part of the improvements on the
premises not so taken. Lessor’s obligation to repair or restore the Premises is subject to the
rights of the holder of any prior mortgage, deed to secure debt, deed of trust, or other security
instrument encumbering the Building or any portion thereof.

          13.3 Distribution of Condemnation Awards. Any award granted for either partial or total
taking shall be the sole property of Lessor, and Lessee shall have no claim therein, except as
follows: Lessee shall be entitled to claim and recover from the condemning authority compensation
for any loss to Lessee by reason of its trade fixtures and personal property and such damages, if
any, as may be payable by the condemning authority for relocation expense or other damage to
Lessee’s business, provided that such compensation and damages may be claimed only if they are
awarded separately and not out of or as a part of the damages recoverable by Lessor.

          14. DEFAULT; REMEDIES. In the event, (a) all or any portion of the adjusted Monthly Rental
is not paid at the time and place when and where due; (b) the Premises shall be deserted or vacated
by Lessee; (c) Lessee shall fail to comply with any term, provision, condition, or covenant of this
Lease, other than the payment of rent, or any of the Rules and Regulations now or hereafter
established for the Building, and shall not cure such failure within ten days after notice to
Lessee of such failure to comply; (d) a receiver is appointed for a substantial part of the assets
of Lessee; (e) the leasehold interest of Lessee herein is levied on under execution — in any such
events, Lessor shall have the option to do any of the following in addition to and not in
limitation of any other remedy permitted by law or by this Lease:

               (1) Terminate this Lease, in which event Lessee shall immediately surrender the Premises to
Lessor. If Lessee shall fail to surrender the Premises, Lessor may, without further notice and
without prejudice to any other remedy Lessor may have for possession or arrearages in rent or
damages for breach of contract, enter upon the Premises and take possession thereof. In the event
of such termination,

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     Lessor may, at its option, declare the entire amount of the Monthly Rental which would become
due and payable during the remainder of the Lease Term had this Lease not been terminated to be due
and payable immediately, in which event, Lessee agrees to pay the same at once, together with all
rents theretofore due, at the office of Lessor; provided, however,
that such payments shall not
constitute a penalty or forfeiture or liquidated damages, but shall merely constitute payment in
advance of the Monthly Rental for the remainder of the said Term. Upon making such payment, Lessee
shall receive from Lessor all rents as and when actually received by Lessor from other tenants for
the Premises during the period which would have constituted the Lease Term if the Lease had not
been terminated; provided, however, that the monies to which Lessee shall so become entitled shall
in no event exceed the entire amount payable, and actually paid, by Lessee to Lessor under the
preceding sentence of this subparagraph, less Lessor’s actual costs and expenses, including
reasonable attorney’s fees and court costs incurred as a result of such termination.

               (2) Enter the Premises as the agent of Lessee, by force if necessary, without being liable to
prosecution or any claim for damages therefor, and relet the Premises and receive the rent
therefor, and Lessee shall pay the Lessor any deficiency that may arise by reason of such reletting
on demand at any time and from time to time at the office of Lessor.

          Pursuit of any of the foregoing remedies shall not preclude pursuit of any of the other
remedies herein provided or any other remedies provided by law or equity under the laws of the
State of Georgia.

          15. GENERAL PROVISIONS.

          15.1 Attorneys’ Fees and Homestead. Lessee agrees to pay all attorneys’ fees and expenses
Lessor incurs in enforcing any of the obligations of Lessee under this Lease or in any litigation
or negotiations in which Lessor shall, without default, become involved through or on account of
this Lease. Lessee hereby waives and renounces for itself any and all homestead or exemption
rights which it may have under or by virtue of the Constitution and Laws of the United States and
the State of Georgia, and any other state as against any debt Lessee may owe Lessor under this
Lease, and Lessee hereby transfers, conveys and assigns to Lessor all homestead or exemption rights
which may be allowed or set apart to Lessee including such as may be set apart in any bankruptcy
proceedings, to pay any debt Lessee may owe Lessor hereunder.

          15.2 Surrender; Holding Over. At termination of this Lease, Lessee shall surrender the
Premises and keys thereof to Lessor in same condition as at commencement of Term, broom clean,
normal wear and tear only excepted, and shall promptly remove from the Premises all signs, trash,
debris and property of Lessee. If upon any termination of this Lease herein, Lessee shall be
liable

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in any amount to Lessor, Lessor shall have a lien upon the personal property and effects of Lessee
at the Premises and Lessor may, at its option without notice, sell at public or private sale all or
part of said property and effects for such price as Lessor may deem best and apply the proceeds of
such sale upon any amount due under this Lease from Lessee to Lessor, including the expenses of
removal and sale.

If Lessee remains in possession of the Premises after expiration of the Lease Term, with Lessor’s
knowledge and without any distinct agreement of the parties, Lessee shall be a tenant from month to
month and such tenancy shall be subject to all the provisions hereof, except that the Monthly
Rental shall be as negotiated for such holdover period, but not less than the Monthly Rental
payable during the last month prior to the expiration of the Lease Term or any renewal or extension
thereof, and there shall be no renewal of this Lease by operation of law. In the absence of any
written agreement to the contrary, if Lessee should remain in occupancy of the Demised Premises
after the expiration of the Lease Term, it shall so remain as a tenant from month-to-month and all
provisions of this Lease applicable to such tenancy shall remain if full force and effect, except
that the monthly rental shall be equal to the rental payable for the last month of the term of the
Lease plus one hundred percent (100%) of such amount. The inclusion of the proceeding sentence
shall not be construed as Lessor’s permission for Lessee to hold over.

          15.3 Taxes. Lessee shall pay, before delinquency, any and all taxes, assessments, license
taxes and other charges levied, assessed or imposed and which become payable during the Lease Term
upon Lessee’s operations at, occupancy of or conduct of business at the Premises or upon equipment,
furniture, appliances, trade fixtures and other personal property of any kind installed or located
at the Premises. If requested by Lessor, Lessee shall promptly provide Lessor with copies of its
tax bills, receipts, or other evidence of such payments.

          15.4 Lessor’s Liability; Indemnification of Lessor by Lessee. Lessor shall not be liable in
any manner for any loss, injury or damage incurred by Lessee from acts of theft, burglary or
vandalism committed by either identified or unidentified parties, where the acts are committed
against Lessee, or the agents, employees, or guests of Lessee or against the Premises. Without
limiting the foregoing, Lessor assumes no liability nor obligation for the acts or omissions of the
nightwatch. Lessor shall not be liable for any injury or damage caused by, or growing out of, any
defect in the Building or the Premises, or its equipment, drains, plumbing, wiring, electric
equipment or appurtenances, in the Premises, or caused by or growing out of electricity, fire,
rain, wind, leaking of gas, water, sewer or steam pipes, seepage, or other cause, nor shall Lessor
be liable for any damage caused to Lessee due to the Building or any part of appurtenances thereof
being improperly constructed or being or becoming out of repair, but Lessee, by moving into the
Premises and taking possession thereof, shall accept, and shall be held to have accepted, the

11

 

          Premises “as is” as suitable for the purpose for which the same are leased, and shall be held to
have accepted said Building and each and every appurtenance thereof “as is,” and Lessee by said act
waives any claims arising from any and all defects therein. Lessee hereby acknowledges that Lessor
shall have no personal liability for the performance of any covenant or other obligation hereunder,
and Lessee shall look solely to Lessor’s interest in the Premises for the entire enforcement of any
judicial process against Lessor.

          Lessee agrees to indemnity and hold Lessor harmless and Lessor agrees to indemnify and hold
Lessee harmless from any injury, expense, damages or claims, whether due to damage to the Premises,
claims for injuries to the person or property of any other tenant of the Building or of any other
person in or about the Building for any purpose whatsoever, or administrative or criminal action by
a governmental authority, where such injury, expense, damages or claims arise out of (1) the
negligence or willful misconduct of Lessee, its agents, servants, licensees or invitees, or (2) the
violation, by any of the persons above named, of any provision of this Lease or of any laws or
ordinances or governmental regulations of any kind, or any of the Rules or Regulations, or (3) the
use or occupancy of the Premises. The prevailing party further agrees to reimburse the other party
for any costs or expenses, including reasonable attorneys’ fees, which may be incurred in
investigating, handling or litigating any such claim.

          15.5 Transfer of Lessor’s Interest in Premises. In the event of any sale or exchange of the
Premises by Lessor and assignment by Lessor of this Lease, Lessor shall be and is hereby entirely
freed and relieved of all liability under any and all of its covenants and obligations contained in
or derived from this Lease occurring after the consummation of such sale or exchange and
assignment.

          15.6 Waivers by Lessor; Payments by Lessee. One or more waivers of any covenant or condition
by Lessor shall not be construed as a waiver of a subsequent breach of the same or any other
covenant or condition and the consent or approval by Lessor to or of any act by Lessee requiring
Lessor’s consent or approval shall not be deemed to waive or render unnecessary Lessor’s consent or
approval to or of any subsequent similar act by Lessee. The subsequent acceptance of Monthly
Rental hereunder by Lessor shall not constitute a waiver of any preceding breach by Lessee of any
term, covenant or condition of this Lease, other than the failure of Lessee to pay the particular
Monthly Rental so accepted, regardless of Lessor’s knowledge of such preceding breach at the time
of acceptance of such Monthly Rental. No waiver shall be effective unless it is in writing and
signed by Lessor.

          No payment by Lessee or receipt by Lessor of a lesser amount than the Monthly Rental set forth
herein shall be deemed to be other than on account of the earliest rent due and payable hereunder,
nor shall any endorsement or statement on any check or any letter accompanying any check or payment
as rent by deemed an accord and satisfaction, and Lessor may accept any such check as

12

 

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

          15.7 Subordination and Attornment. Lessee agrees that this Lease is now and, absent an
election pursuant to the subsequent paragraph, forever shall be subordinate to any mortgage, deed
to secure debt, ground lease, deed of trust or any other hypothecation for security now or
hereafter placed by Lessor upon the real property of which the Premises are a part, and to any and
all advances made or to be made thereunder, and to the interest thereon and all renewals,
replacements, modifications and extensions thereof.

          If any holder of any such mortgage, deed to secure debt, ground lease, deed of trust or any
other hypothecation for security elects, by written notice to Lessee, to have this Lease superior
to its interest, then this Lease shall be deemed superior to such interest, whether this Lease is
dated or recorded prior or subsequent to the date thereof. Lessee agrees to execute promptly any
documents which may be necessary to evidence or effectuate such subordination or to make this Lease
prior to any such instrument. Failing to do so within ten (10) days after written demand, Lessee
does hereby make, constitute and irrevocably appoint Lessor as Lessee’s attorney-in-fact in
Lessee’s name, place and stead, to do so. Lessee hereby attorns to all successor owners of the
Premises, whether or not such ownership is acquired as a result of a sale, through foreclosure or
otherwise.

          Lessee hereby agrees to execute, within five (5) days of receipt by Lessee, such instruments
as Lessor may request to evidence such subordination and to assure the holder of such mortgage,
deed to secure debt, ground lease, deed of trust or other hypothecation (the “Lender”) that upon
transfer of title to the real property of which the Premises are a part to Lender, its successors
or assigns, or any other purchaser of such real property pursuant to an exercise by Lender of its
remedies against Lessor that Lessee will recognize such Lender or purchaser as the “Lessor” under
this Lease and that Lessee will not assert against such Lender or purchaser any default by Lessor
under this Lease prior to the transfer of title to such real property.

          15.8 Estoppel Certificate. Lessee hereby agrees to execute and deliver to Lessor within five
(5) days of receipt by Lessee, from time-to-time, a certificate certifying (i) that a true and
correct copy of this Lease, and all amendments hereto, is attached to said certificate; (ii) the
commencement date and termination date of the Lease Term;
(iii) the amount of Monthly Rental; (iv)
the amount of the security deposit held by Lessor; (v) that Lessee is not in default under this
Lease, or if Lessee is in default, that Lessee is in default and specifying the nature of such
default; and (vi) that to the best of Lessee’s knowledge, Lessor is not in default under this
Lease, or if Lessor is in default, that Lessor is in default and specifying the nature of such
default.

13

 

          15.9 Alternative Space. if the Premises shall contain les than 5,000 square feet of space,
Lessor shall have the option and right to amend this Lease and relocate Lessee to other office
space of the approximate size of the Premises within the Building; it being specifically understood
and agreed to by Lessee that if its Premises are located in whole or in part at any “connecting
floor” location within the Building, Lessor shall have such right, in whole or in part, to relocate
Lessee regardless of the size of its Premises. If Lessor exercises this right to relocate Lessee,
any and all reasonable costs incident to said relocation shall be the responsibility of Lessor and
shall be determined prior to such relocation. The Monthly Rental shall be increased or decreased
pro rata based upon the difference in size between the Premises and such new office space.

          15.10 Parking. Lessor shall provide parking facilities adjacent to the Building in quantities
which are in accordance with applicable zoning regulations. Except for spaces located for
visitors, delivery or handicapped parties, there shall be no assigned or reserved parking spaces
for Lessee’s use.

          15.11 Signs. Lessee shall not have the right to erect or install any lobby, roof-top or
window signs or identification. Lessee shall not have the right to install any wall or door signs
on the premises without obtaining the prior written consent of Lessor thereto.

          15.12 Rules and Regulations. Lessor has the right to establish, and Lessee hereby agrees to
abide by, such reasonable rules and regulations as Lessor deems necessary or desirable, or both, in
connection with the Premises, the Building or the Park Centre office building complex.

          15.13 Notices. All notices, statements, demands, requests, consents, approvals,
authorizations, offers, agreements, appointments or designations hereunder by either party to the
other shall be in writing and shall be sufficiently given and served upon the other party either by
hand delivery or registered or certified mail with proof of receipt. If sent by registered or
certified mail, return receipt requested, postage pre-paid and addressed as follows:

	 	 	 	 	 
	 

	 	(i) If to Lessor:
	 	2401 Lake Park Associates, L.P.
	 

	 	 	 	2401 Lake Park Drive, Suite 355
	 

	 	 	 	Smyrna, Georgia 30080
	 
	 	 	 	 
	 

	 	(ii) If to Lessee:
	 	2401 Lake Park Drive, Suite 355
	 

	 	 	 	Smyrna, Georgia 30080
	 

	 	 	 	Attn: Jackie Corry
	 

	 	 	 	Phone: 770/319-0448

14

 

          Either party may, by like notice, at any time and from time to time, designate a different
address to which notices shall be sent. Such notices, if mailed, shall be deemed sufficiently
served or given, for all purposes hereunder, at the time they shall be mailed by United States
mail. With respect to day-to-day communications not constituting formal notices required to be
given under this Lease, Lessee may communicate directly with Lessor at the Building management
office.

          Lessee hereby appoints, as his agent to receive the service of all dispossessory or distraint
proceedings and notices thereunder, and all notices required under this Lease, the person in charge
of the Premises at the time, or occupying the Premises; and if no person is in charge or occupying
same, then such service or notice may be made by attaching the same on the main entrance to the
Premises.

          15.14 Parties. “Lessor” as used in this Lease shall include first party, its assigns and
successors in title to the Premises; “Lessee” shall include Lessee’s heirs, representatives, and
successors in title, and shall include all Lessee’s assigns and sublessees, if this Lease shall be
validly assigned or sublet. “Lessor” and “Lessee” include male and female, singular and plural,
corporation, partnership or individual, as may fit the particular parties.

          15.15 Relationship of Parties. Nothing contained herein shall be deemed or construed by the
parties hereto, nor by any third party, as creating the relationship of principal and agent or of
partnership or of joint venture between the parties hereto, it being understood and agreed that
neither the method of computation of Monthly Rental nor any other provision contained herein, nor
any acts of the parties hereto, shall be deemed to create any relationship between the parties
hereto other than the relationship of landlord and tenant.

          15.16 Time of Essence. TIME IS OF THE ESSENCE OF THIS LEASE.

          15.17 Severability. If any clause or provision of this Lease is illegal, invalid or
unenforceable under present or future law effective during the Lease Term, then and in that event,
it is the intention of the parties hereto that the remainder of this Lease shall not be affected
thereby, and it is also the intention of the parties to this Lease that in lieu of each clause or
provision of this Lease that is illegal, invalid or unenforceable, there by added as part of this
Lease, such an alternative clause or provision as may be possible and be legal, valid and
enforceable.

          15.18 Captions. The marginal headings or titles to the Paragraphs of this Lease are not a
part of the Lease, but are inserted for convenience only and shall have no effect upon the
construction or interpretation of any part of this Lease.

15

 

          15.19 Entire Agreement. This Lease contains the entire agreement of the parties and no
representation or agreements, oral or otherwise, between the parties not embodied herein shall be
of any force or effect. No modification, amendment or alteration of this Lease shall be effective
unless same shall be in writing and signed by Lessor and Lessee.

          15.20 Short Form of Lease. The parties hereto agree that this Lease shall not be recorded.
If negotiated by either party, the parties shall execute and record a short form of this Lease, to
be prepared by Lessor.

          15.21. No Estate in Land. This Lease shall create the relationship of landlord and tenant
between Lessor and Lessee; no estate shall pass out of Lessor, Lessee has only a usufruct, not
subject to levy or sale.

          15.22 Broker. Lessor and Lessee represent and warrant to each other that they have made no
dealing with any real estate broker or agent in connection with the procurement or negotiation of
this Lease except N/A ; and that they know of no other real estate brokers or agents who
are entitled to or charging a commission in connection with this Lease. Therefore, Lessor and
Lessee agree to defend, indemnify and hold each other harmless from and against any and all loss,
damage, cost and expense, including, but not limited to, reasonable attorney’s fees and court costs
that may be suffered or incurred by either of them because of any claim for any fee, commission or
similar compensation, with respect to this transaction, made by any other broker, agent or finder
which is based upon an alleged agreement or dealings with the indemnifying party, whether or not
such claim is meritorious.

          IN WITNESS WHEREOF, the parties have hereunder set their hands and seals this 1st day
of June , 1998.

	 	 	 	 	 
	 	LESSOR:

2401 LAKE PARK DRIVE ASSOCIATES, L.P.

BY: 2401 Lake Park Drive Holding Corp.,

its sole general partner

 	 
	 	BY:  	/s/ Edward L. Terry
 	 
	 	 	Edward L. Terry, President
 	 
	 	 	(Corporate Seal) 	 
	 
	 	LESSEE:

WHIPPLE DEVELOPMENT CORPORATION,

a South Carolina Corporation

 	 
	 	BY:  	/s/      Jackie Corry
 	 
	 	 	Vice President 	 
	 	 	 	 

16

 

	 	 	 	 	 

EXHIBIT “C”

RENTAL ADJUSTMENTS

The rent set forth in Sections 1.1(E) and 1.1(F) of the Lease shall be adjusted annually in
accordance with the following:

The Base Annual Rental and resulting Base Monthly Rental shall be increased annually as of each
January 1st (the “Adjustment Date”) by an amount equal to the product of the Base Annual
Rental, as previously increased by:

1. The percentage increase, if any, in the Consumer Price Index for All Urban Consumers as
published by the Bureau of Labor Statistics of the U.S. Department of Labor for the United States,
All Items (base year 1967-100) for the monthly period ending December 31st immediately
preceding each annual “Adjustment Date” over such index as published for the monthly period ending
December 31st one year earlier, and

2. A fraction, the numerator of which is the number of months, or portion thereof, of the calendar
year then expiring during which this Lease was in effect, and the denominator of which is 12. If
such Consumer Price Index should cease to be published, the most comparable governmental index
published in lieu thereof shall be used.

3. In no event shall the annual increase pursuant to this paragraph be less than three (3%) percent
of the previous year’s adjusted rental. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXX.

Initials:       ER

      JC

 

 

ACCEPTANCE
AGREEMENT

     THIS AGREEMENT made as of the date set forth below, between 2401 Lake Park Drive Associates,
L.P. (hereinafter referred to as the “Lessor”) and
                                                   
 (hereinafter referred to as the “Lessee”).

W I T N E S S E T H:

     WHEREAS, Lessor and Lessee entered into an office lease dated                      (hereinafter
referred to as the “Lease”) for certain premises in the building known as Park Centre located at
2401 Lake Park Drive, Smyrna, Cobb County, Georgia (hereinafter referred to as the “Premises”); and

     WHEREAS, Lessor and Lessee desire to execute this Agreement pursuant to and as required by the
Lease.

     NOW THEREFORE, for good and valuable consideration, Lessor and Lessee agree as follows:

	1.	 	The Commencement Date of the Initial Term of the Lease is:
	 
	 	 	 
	 
	 
	2.	 	The Expiration Date of the Initial Term of the Lease is:
	 
	 	 	 

3. Lessee is in possession of, and has accepted, the Premises and agrees that all the work to be
performed by Lessor in the Premises as required by the terms of the Lease has been satisfactorily
completed except for any punch list items described in Schedule “A” attached hereto.

4. Lessee certifies that all conditions of the Lease required of Lessor as of this date have been
fulfilled and there are no defenses or setoffs against the enforcement of the Lease by Lessor.

     WHEREFORE, the parties hereto have signed and sealed this Agreement, as of the ___day of
                    , 199___.

	 	 	 	 	 	 	 	 	 	 	 
	LESSOR: 2401 Lake Park Drive	 	 	 	LESSEE:	 	 
	Associates, L.P., a Georgia	 	 	 	 	 	 	 	 
	limited partnership	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By: 2401 Lake Park Drive Holding	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	Corp., its sole general partner	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	 	 	(Corporate Seal)	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	Its:
	 	 	 	 	 	 	 	 

EXHIBIT “D”

 

 

EXHIBIT “E”

WORK LETTER

	1.	 	Paint entire Premises (remove existing wallpaper).
	 
	2.	 	Recarpet entire Premises with carpeting selected
by Lessee from Lessor’s standard carpet.

 

 

EXHIBIT “F”

Special . Stipulations

1. Renewal. Lessor grants to Lessee five (5) one-year options to renew the Term of this
Lease (the “Extension Option(s)”). If Lessee desires to exercise the first Extension Option, and
provided Lessee is not in default beyond the expiration date of any applicable cure period at such
time, it shall notify Lessor in writing at least six (6) months prior to the expiration of the Term
that it has exercised the first Extension Option. If Lessee exercises the first Extension Option,
the Term of this Lease shall be extended by twelve (12) months on the same terms and conditions as
provided for in the Lease, including the calculation of Base Annual Rental. Provided Lessee has
exercised the first Extension Option and provided Lessee is not in default at such time, Lessee may
further extend the Term of the Lease by notifying Lessor in writing at least six (6) months prior
to the Expiration Date (as extended by the first Extension Option), that it has exercised the
second Extension Option and so forth until all Extension Options have either been either exercised
or waived by Lessee. If Lesssee does not exercise its right to extend the Term during the last six
(6) months of the Term, Lessor shall have the right to enter the Premises, upon reasonable notice
to Lessee, to show the Premises to prospective lessees.

2. Access for Wiring/Cabling. Lessee will have access to run its wiring and computer cable
connections between floors in the Building through existing chase(s) located on either side of the
elevators in the electrical rooms. Lessor has approved a patch panel to be installed in the
electrical closets on both the first and the second floors.

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