Document:

Purchase Agreement and Leases between Neighborhood Community Bank

 Exhibit 10.4 
 AGREEMENT 
 The undersigned Purchaser agrees to purchase and the undersigned Seller agrees to sell the properties
shown on the attached “Lease Term Sheet” in accordance with the sales prices and lease terms set forth therein. 
 Agreed to this
  28   day of February 2008. 
  

	
	 

	Purchaser: Out-Med IV, L.L.C.
	
	 

	Seller: Neighborhood Community Bank

 LEASE TERM SHEET 
  

					
	Property:	  	Property#l	  	145 Millard Farmer Industrial Blvd, Newnan, Georgia 30263
		  	Property#2	  	300 Finance Ave., Peachtree City, GA 30269
		  	Property#3	  	105 Carriage Oaks Dr., Tyrone, GA 30290
		
	Owner/Lessee:	  	Neighborhood Community Bank
		
	Purchaser/Lessor:	  	Out-Med IV, L.L.C.
			
	Sales Price:	  	Property#1	  	$4,050,000
		  	Property#2	  	$2,650,000
		  	Property#3	  	$1,830,000
			
	Lease Term:	  	(1) 10 year term	  	
			
	Renewal:	  	(1) 10 year term	  	
			
	Escalation:	  	None	  	
			
	Lease Rate;	  	Property #1	  	11,705s.f. @ $25.95 = $303,744.75
		  	Property#2	  	6,600s.f. @ $31.12 = $205,392.00
		  	Property#3	  	3,372s.f. @ $35.60 = $120,043.20

 Tenant shall be responsible for taxes, insurance and maintenance of said premises. Tenant shall be
responsible for general maintenance of parking lot and all landscape maintenance. Owner shall be responsible for exterior walls and roof and parking lot resurfacing when needed. 

 G E O R G I A, 
 COWETA
COUNTY. 
 THIS AGREEMENT, made as of this 28th day of February, 2008, by and between OUT-MED IV, L.L.C., a limited liability company
organized and existing under the laws of the State of Georgia, with its principal place of business in Newnan, Coweta County, Georgia, hereinafter called O-M IV, and NEIGHBORHOOD COMMUNITY BANK, a banking corporation organized and existing under the
laws of the State of Georgia, with its principal place of business in Newnan, Coweta County, Georgia, hereinafter called NCB; 
 W I T N E
S S E T H: 
 WHEREAS, NCB desires to lease from O-M IV the following described property, to-wit: (Main Branch—145 Millard Farmer
Blvd., Newnan, GA—Coweta County) 
 SEE ATTACHED EXHIBIT “A” 
 WHEREAS, O-M IV has ownership, possession and control of said property and is authorized and entitled to enter into this lease; and 
 WHEREAS, the parties desire to enter into this lease; 
 NOW THEREFORE, in consideration of the premises and the mutual covenants herein set forth, including the rental hereinafter set forth. O-M IV does rent and lease the above described property to NCB upon the following
terms and conditions: 

 1. 
 OCCUPANCY AND EFFECTIVE DATE 
 The effective date shall be February 28, 2008. 
 2. 
 LEASE TERM 
 The initial lease term shall commence on the Effective Date and shall end at midnight on the eve of the tenth annual anniversary thereof (the
“Initial Term”). The initial term of the lease shall be noncancellable by either party. In addition to the initial term, NCB shall have the option of one (1) ten (10) year renewal option, beginning and ending on an anniversary
date of the Effective Date. Upon the acquisition or merger of NCB by/with any other entity during the initial term, the renewal option must be exercised prior to consummation of such event. In order to exercise the renewal options, notice of said
exercise must be given by NCB to O-M IV at least ninety (90) days prior to the expiration of the last year of the existing term, and at the time of such exercise NCB must be occupying the Property under a then valid Lease Term and not in
default hereunder. 
 3. 
 LEASE
RATE 
 The Lease rate shall be $25.95 per square foot per annum, with said amount
being paid in equal monthly payments of one-twelfth ( 1/12) of such amount. According to the plans for the building, the
premises contain 11,705 square feet. 
  

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 The first partial month’s rent, along with one (1) month’s rent security deposit, shall be
paid on the Effective Date and the monthly rent shall be paid by NCB to O-M IV on the first day of each calendar month thereafter. 
 For the
renewal terms, the Lease Rate during such terms shall be the same as the initial term. 
 4. 
 RIGHT OF FIRST REFUSAL 
 At any time in which
this Lease is in force and for a period of one hundred eighty (180) days following the termination hereof, NCB shall have the right of first refusal in the event that O-M IV receives a bona fide purchase offer for the Property from a third
party. Within ten (10) days after receipt of any such offer O-M IV shall provide notification of the terms and conditions of any such bona tide purchase offer to NCB, and NCB shall thereafter have a period of thirty (30) days in which to
agree to purchase the Property under the terms and conditions offered by the third party, in the absence of which O-M IV shall be free to sell the Property to such third party. 
 5. 
 EXCLUSIVITY 
 NCB shall have, during the term of the Lease, sole and exclusive possession of the Property subject to any existing 

  

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cross-easements with other tenants in the driveways and parking lots. So long as NCB is a tenant not in default under this Lease O-M IV shall not, on any
real property within a radius of one-half ( 1/2) mile of the Property, develop, construct, manage, participate in the development
of, or otherwise be engaged in the furtherance of any banking facility that shall provide any of the services then being provided to the public by NCB without NCB’s written consent. 
 6. 
 ALLOWANCES 
 (Intentionally omitted) 
 7. 
 TAXES AND INSURANCE 
 Commencing with the
Effective Date, NCB shall pay all ad valorem taxes and assessments as well as all casualty and liability insurance premiums with respect to the Property. NCB shall keep the Property Improvements insured in accordance with the standards maintained by
NCB for its other facilities. In no event shall the insurance on the Property Improvements be less than the full value thereof, nor shall the liability insurance have limits of less than $1,000,000 for each occurrence/$2,000,000 aggregate. The
insurance provided by NCB hereunder shall name O-M IV and its Lender as an additional loss payee and named insured. NCB shall be responsible for insuring its contents and other personal property on the premises. NCB will contemporaneously 

  

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with the execution of this lease deliver to O-M IV a Certificate of Insurance certifying that such insurance is in full force and effect. 
 8. 
 REPAIRS 
 O-M IV shall maintain the exterior walls, roof, parking lot resurfacing (when needed) and structural supports of the premises (exclusive of all glass and
exclusive of all exterior doors), except repairs rendered necessary by the negligence of NCB, its agents, employees, or invitees. O-M IV gives to NCB, exclusive control of the premises and shall be under no obligation to inspect said premises. NCB
shall promptly report in writing to O-M IV any defective condition known to it which O-M IV is required to repair, and failure to so report such defects shall make NCB responsible to O-M IV for any liability incurred by O-M IV by reason of such
failure. NCB accepts the premises and the building to be erected thereon as suited for the use intended by NCB. NCB shall keep and maintain in good order the leased premises, including, but not limited to, the floors, interior walls, heating,
cooling, furniture, fixtures, equipment, landscaping, water, sewer, parking lot, and electrical systems, except those repairs expressly required to be made by O-M IV. If NCB desires any alterations to the premises after the Effective Date, the same
may be done upon approval of O-M IV, such alterations to be at NCB’s expense, O-M IV hereby agreeing to approve alterations reasonably necessary for the conduct of the business of NCB. 

  

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Penetration of the roof or exterior walls shall be a default under this lease and shall result in the NCB being liable to O-M IV for any warranty which is
lost due to NCB’s actions. Said liability shall be in addition to O-M IV’s remedies setout hereafter. 
 9. 
 TREATMENT OF IMPROVEMENTS UPON TERMINATION 
 At the termination of this Lease, provided that NCB is not then in default hereunder, NCB may remove any tenant fixtures, furniture, equipment, or other improvements installed by it either with its own funds. At the termination of this
Lease, NCB agrees to return the property in as good condition as when received or installed, subject to ordinary wear and tear and to the extent it has been altered by NCB with the approval of O-M IV. 
 10. 
 UTILITIES 
 NCB shall be responsible for the payment of all utility services rendered to the Property. 
 11. 
 BROKERS 
 Neither party has utilized the services of a broker with respect to this transaction, and each shall indemnify the other with respect to any claims
through it. 
  

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 12. 
 DESTRUCTION OR DAMAGE TO PREMISES 
 If the premises are totally destroyed (or so substantially damaged as to be untenantable) by
storm, fire, earthquake or other casualty, this Lease shall terminate as of the date of such destruction or damage, and rental shall be accounted for as between O-M IV and NCB as of that date. If the premises are damaged, but not rendered wholly
untenantable by any such casualty, same shall be promptly restored by O-M IV to a new and usable condition, and during such period of restoration the rental payable hereunder shall be equitably abated. NCB shall be responsible for any deductible on
the insurance policy. 
 13. 
 EMINENT DOMAIN 
 In the event of any of the Property is condemned or otherwise taken by any governmental entity, NCB shall have the
option of either terminating the Lease, or, if the portion condemned is less than the entirety of the Property, maintaining the Lease and having the rent equitably abated. 
 14. 
 ASSIGNMENT AND SUBLETTING 
 This Lease may not be assigned by NCB without the written approval of O-M IV which shall not be unreasonably withheld, nor may the premises be subleased
without approval of O-M IV. 
  

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 15. 
 LATE CHARGES, INTEREST AND DELINQUENCY 
 If NCB is delinquent by more than five (5) days in any monthly installment of rent,
NCB shall pay to O-M IV, as additional rent, an administrative fee equal to five (5%) percent of such delinquent sum. The payment of this late payment charge shall not excuse or cure any default by NCB under this Lease. The provision for such
late charge shall be in addition to all of O-M IV’S other rights and remedies hereunder or at law and shall not be construed as a penalty or as limiting O-M IV’S remedies in any manner. Acceptance by O-M IV of a payment and the cashing of
a check in an amount less than that which is currently due shall in no way affect O-M IV’S rights under this Lease and in no way shall be in accord and satisfaction. Any rent not paid by NCB within five (5) days after its due date in
accordance with the terms of this Lease shall bear interest from such due date until paid in full at the lesser of the highest rate permitted by applicable law or eighteen (18%) percent per annum. If any rent owing under this Lease is collected
by or through an attorney at law, NCB agrees to pay fifteen (15%) percent thereof as attorney’s fees. 
 16. 
 SUBORDINATION 
 Provided that such mortgagee
executes a covenant of quiet enjoyment in favor of NCB and any subtenant of NCB, NCB and any subtenant of NCB shall subordinate its or their rights under the Lease to the rights of such mortgagee. 
  

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 17. 
 USE OF THE PREMISES 
 The premises shall be used for banking offices and related purposes and any other legal use. The premises
shall not be used for any illegal purposes, or any purpose deemed disreputable or extra-hazardous, nor in violation of any valid regulation or law, nor in any manner to constitute a trespass, nor in any manner to vitiate insurance on the premises.
NCB, at its sole expense, shall comply with all laws (including, without limitation, environmental requirements and laws regarding access for handicapped or disabled persons), ordinances and regulations, and all declarations, covenants, and
restrictions, applicable to the premises, and with all governmental orders and directives of public officers which impose any duty or restriction with respect to the use or occupation of the premises. 
 18. 
 EVENT OF DEFAULT 
 As used in this Lease, an “Event of Default” shall have occurred if NCB shall fail to comply with any provision of this Lease, and such
default shall continue for more than ten (10) days after O-M IV shall have given NCB written notice of such default (unless such compliance will, due to the nature of the obligation, require a period of time in excess of ten (10) days,
then after such period of time as is reasonably necessary); provided, however, that if NCB fails to comply with any such provision until receipt of such notice of default three (3) times in any Lease Year, it shall be an Event of Default if NCB
shall during the sameLease Year fail to comply with any such provision, without the requirement of further notice from O-M IV. 
  

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 19. 
 O-M IV’S REMEDIES 
  

	(A)	 General. Upon each occurrence of an Event of Default and so long as such Event of Default shall be continuing, O-M IV may at any time thereafter at its
election: (i) terminate this Lease or NCB’s right of possession, but NCB shall remain liable as hereinafter provided; (ii) alter locks or other security devices for the Building, without notice to NCB to deprive NCB access thereto,
and O-M IV shall not be required to provide a new key or right of access to NCB; (iii) as agent of NCB, do whatever NCB is obligated to do under this Lease, including, but not limited to, entering the Premises, without being liable for
prosecution or any claims for damages, in order to accomplish this purpose (NCB agrees to reimburse O-M IV immediately upon demand for any expenses which O-M IV may incur in thus effecting compliance with this Lease on behalf of NCB); and/or
(iv) pursue any remedies provided for under this Lease or at law or in equity. Upon the termination of this Lease or termination of NCB’s right of possession, it shall be lawful for O-M IV, without formal demand or notice of any kind, to
re-enter the Premises without the requirement or resorting to the dispossessory procedures set forth in O.C.G.A. §§ 44-7-50 et seq. and expel or remove NCB and NCB’s effects and without being liable for 

  

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any claim for trespass or damages therefor, and, in connection therewith, re-key the Premises, remove NCB’s effects therefrom and store the same at
NCB’s expense, without being liable for any damages thereto. If O-M IV enters the Premises, O-M IV shall have the right to keep in place and use, or remove and store, all of the furniture, fixtures and equipment at the Premises.

  

	(B)	 Lease Termination. If O-M IV terminates this Lease, O-M IV may declare the entire amount of rent calculated on the current rate being paid by NCB, and other
sums which in O-M IV’S reasonable determination would become due and payable during the remainder of the Lease Term (including, but not limited to, increases in rent pursuant to Paragraph 3 herein), discounted to present value by using a
reasonable discount rate, to be due and payable immediately. Upon such acceleration of such amounts, NCB agrees to pay the same to O-M IV at once, together with all rent and other amounts theretofore due, less the market value of the Premises for
the remainder of the Lease Term, (taking into consideration the probable costs of marketing and reletting the Premises, then-current rental rates, probable rental rates for the remainder of the Lease Term, probable concession packages, the
probability of reletting the Premises and the probable amount of time which will elapse before the Premises are relet); provided, however, that such payment shall not constitute a penalty or forfeiture but shall constitute liquidated damages for
NCB’s failure to comply with the terms 

  

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and provisions of this Lease (O-M IV and NCB agreeing that O-M IV’S actual damages in such an event are impossible to ascertain and that the amount set
forth above is a reasonable estimate thereof). Such present values shall be calculated at a discount rate equal to the 90-day U. S. Treasury bill rate on the effective date of such termination. 

  

	(C)	 Possession Termination. If O-M IV terminates NCB’s right of possession (but not this Lease), O-M IV shall relet the Premises for the
account of NCB for such rent and upon such terms as shall be satisfactory to O-M IV without thereby releasing NCB from any liability hereunder and without demand or notice of any kind to NCB. For the purpose of such reletting O-M IV is authorized to
make any repairs, changes, alterations, or additions in or to the Premises as O-M IV deems reasonably necessary or desirable. If the Premises are not relet, then NCB shall pay to O-M IV as damages a sum equal to the sum of the rental reserved in
this Lease for such period or periods, plus the costs of recovering possession of the Premises (including attorneys’ fees and costs of suit), the unpaid Rent and other amounts accrued hereunder at the time of repossession, and the costs
incurred in any attempt by O-M IV to relet the Premises. If the Premises are relet and a sufficient sum shall not be realized from such reletting (after first deducting therefrom, for retention by O-M IV, the unpaid Rent and other amounts accrued
hereunder at the time of reletting, the cost of recovering possession (including, without limitation, 

  

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brokerage fees, leasing commissions and reasonable attorneys’ fees) and the cost of collection of the rent accruing therefrom (including, without
limitation, reasonable attorneys’ fees) to satisfy the rent provided for in this Lease to be paid, then NCB shall immediately satisfy and pay any such deficiency. Any such payments due O-M IV shall be made upon demand therefor from time to time
and NCB agrees that O-M IV may file suit to recover any sums falling due from time to time. NCB shall not be entitled to the excess of any consideration obtained by reletting over the Rent due hereunder. Notwithstanding any such reletting without
termination, O-M IV may at any time thereafter elect in writing to terminate this Lease for such previous breach. 

  

	(D)	 No Waiver. Exercise by O-M IV of any one or more remedies hereunder granted or otherwise available shall not be deemed to be an acceptance of surrender of
the Premises and/or a termination of this Lease by O-M IV, whether by agreement or by operation of law, it being understood that such surrender and/or termination can be effected only by the written agreement of O-M IV. Any law, usage, or custom to
the contrary notwithstanding, O-M IV shall have the right at all times to enforce the provisions of this Lease in strict accordance with the terms hereof; and the failure of O-M IV at any time to enforce its rights under this Lease strictly in
accordance with same shall not be construed as having created a custom in any way or manner contrary to the specific terms, provisions, and covenants of this Lease or as 

  

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having modified the same. NCB and O-M IV further agree that forbearance or waiver by O-M IV to enforce its rights pursuant to this Lease or at law or in
equity, shall not be a waiver of O-M IV’S right to enforce one or more of its rights in connection with any subsequent default. A receipt by O-M IV of rent or other payment with knowledge of the breach of any covenant hereof shall not be deemed
a waiver of such breach, and no waiver by O-M IV of any provision of this Lease shall be deemed to have been made unless expressed in writing and signed by O-M IV. To the greatest extent permitted by law, NCB waives the service of notice of O-M
IV’S intention to re-enter as provided for in any statute, or to institute legal proceedings to that end, and also waives all right to redemption in case NCB shall be dispossessed by a judgment or by warrant of any court or judgment. The terms
“enter”, “re-enter”, “entry” or “re-entry”, as used in this Lease, are not restricted to their technical legal meanings. Any reletting of the Premises shall be on such terms and conditions as O-M IV in its
reasonable discretion may determine (including, without limitation, a term different than the remaining Lease Term, rental concessions, alterations and repair of the Premises and lease of less than the entire Premises to any tenant). O-M IV shall
not be liable, nor shall NCB’s obligations hereunder be diminished because of, O-M IV’S failure to relet the Premises or collect rent due in respect of such reletting. 

  

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	(E)	Cumulative Remedies. Pursuit by O-M IV of any of the foregoing remedies shall not preclude the pursuit of damages incurred, or of any of the other remedies provided herein or
by law. No act or thing done by O-M IV or O-M IV’S employees or agents during the Lease Term shall be deemed an acceptance of a surrender of the Premises. Neither the mention in this Lease or any particular remedy, nor the exercise by O-M IV of
any particular remedy hereunder, at law or in equity, shall preclude O-M IV from any other remedy O-M IV might have under this Lease, at law or in equity. Any waiver of or redress for any violation of any covenant or condition contained in this
Lease or any of the rules now or hereafter adopted by O-M IV, shall not prevent a subsequent act, which would have originally constituted a violation, from having all the force and effect of an original violation. The receipt by O-M IV of rent with
knowledge of the breach of any covenant in this Lease shall not be deemed a waiver of such breach. 

 20. 
 O-M IV’S DEFAULT AND LIABILITY 
  

	(A)	 O-M IV’S Default. O-M IV shall not be in default hereunder and NCB shall not have any remedy or cause of action unless O-M IV fails to perform any of
its obligations hereunder within ten (10) days after written notice from NCB specifying such failure (unless such performance will, due to the nature of the obligation, require a period of time in excess of ten (10) days, then after such
period of time as is reasonably 

  

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necessary). If O-M IV does not perform its obligations or notify NCB that it contests the contention that it is in default within said ten (10) days
after such notice, NCB may, at its option, cause such items to be remedied and deduct the cost thereof from the rent payments next due to be paid. All obligations of O-M IV hereunder shall be construed as covenants not conditions; and all such
obligations will be binding upon O-M IV only during the period of its ownership of the Premises and not thereafter, provided O-M IV shall continue to be responsible for obligations which accrued and were acknowledged prior to the transfer and
further provided such transferee shall have assumed the obligations of O-M IV hereunder. 

  

	(B)	O-M IV’S Liability. In the event of the transfer by O-M IV of its interests in the Premises after compliance with Paragraph 4, O-M IV shall thereupon be released and
discharged from all obligations of O-M IV thereafter accruing, but such obligations shall be binding during the Lease Term upon each new owner for the duration of such owners ownership. Any liability of O-M IV under this Lease and/or with respect to
the Premises or otherwise shall be limited solely to its interest in the Premises, and in no event shall any personal liability be asserted against O-M IV and/or its members, officers, directors, agents or employees in connection with this Lease nor
shall any recourse be had to any other property or assets of O-M IV or such other parties. 

  

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 21. 
 FORCE MAJEURE 
 O-M IV shall not be held responsible for delays in the performance of its obligations hereunder when caused by
strikes, lockouts, labor disputes, acts of God, inability to obtain labor or materials or reasonable substitutes therefor, governmental restrictions, governmental regulations, governmental controls, enemy or hostile governmental actions, civil
commotion, fire or other casualty, and any causes beyond the reasonable control of O-M IV (“Force Majeure”). It is understood and agreed that Force Majeure would include tornadoes, hurricanes, floods and other damaging winds or storms, but
would not include excessive rain days during the construction period as far as the penalties set forth in Paragraph 1. 
 22. 
 MISCELLANEOUS 
 This contract shall create
the relationship of landlord and tenant between O-M IV and NCB; no estate shall pass out of O-M IV; NCB has only a usufruct, not subject to levy and sale and not assignable by NCB except as herein provided. 
 In the event of bankruptcy or state insolvency proceedings filed by or against NCB, its successors or assigns, or guarantor, in any Federal or State
Court, it shall give the right to O-M IV, its successors or assigns, at its option, to immediately declare this contract null and void and to resume at once possession of 

  

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the property. No receiver, trustee or other officer shall ever have the right, title or interest in or to the above-described property by virtue of this
contract. 
 If NCB remains in possession after expiration of the term hereof, with O-M IV’S acquiescence and without any distinct
agreement of the parties, NCB shall be a tenant at will, and there shall be no renewal of this Lease by operation of law. 
 NCB hereby
appoints as its 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 said premises at the time, or occupying the premises, and if no
person in charge is in charge or occupying same, then such service or notice may be made by attaching the same to the main entrance of the premises. A copy of all such dispossessory or distraint proceedings and notices under this Lease shall also be
sent to NCB’s last known address, if different from the premises and as set forth in the following paragraph. 
 All notices required or
permitted to be given under this Lease shall be in writing and shall be sent by Registered or Certified Mail, Return Receipt Requested, or by a reputable National overnight courier service, postage prepaid, or by hand delivery. Except where
otherwise expressly provided to the contrary, notice shall be deemed given upon delivery or upon refusal to accept delivery. All such notices shall be addressed: 
  

			
	If to O-M IV:	    	OUT-MED IV, L.L.C.
		    	37P Calumet Parkway, Suite 200
		    	Newnan, GA 30263
		    	ATTN: Mr. David LaGuardia

  

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	with a copy to:	    	Mann & Wooldridge, P.C.	  	
		    	P.O. Box 310, 28 Jackson Street	  	
		    	Newnan, GA 30264-0310	  	
		    	ATTN: Theo D. Mann, Esq.	  	
			
	If to NCB:	    	NEIGHBORHOOD COMMUNITY BANK	  	
		    	145 Millard Farmer Industrial Blvd.	  	
		    	Newnan, GA 30263	  	
		    	ATTN: Mr. James B. Kinsey	  	
			
	with a copy to:	    	  
	  	
		    	  
	  	
		    	Newnan, GA 30263	  	
		    	ATTN:                     , Esq.	  	
			
		    	and	  	
			
		    	Mann & Wooldridge, P.C.	  	
		    	P.O. Box 310, 28 Jackson Street	  	
		    	Newnan, GA 30264-0310	  	
		    	ATTN: Theo D. Mann, Esq.	  	

 Either party may, upon fifteen (15) days’ notice given as aforesaid, change its address for all
subsequent notices. 
 Neither this Lease nor a Memorandum of Lease shall be filed or recorded by or on behalf of NCB with any public
official or recorder’s office. O-M IV may, but shall have no obligation to, prepare and file, and upon request by O-M IV, NCB will execute, a Memorandum of Lease. 
 Construction and interpretation of this Lease shall be governed by the laws of the State of Georgia. 
 Time
is of the essence as to performance of each and every one of the covenants, obligations and duties of the parties to this Lease. 
  

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 IN WITNESS WHEREOF, the parties have caused this Lease to be executed under seal, as of the day and year
first above written. 
  

									
	Signed, sealed and delivered in the presence of:	 		 	NEIGHBORHOOD COMMUNITY BANK	 	
					
	 

	 		 	By:	 	 

	 	(SEAL)
	Witness	 		 		 	James B. Kimsey	 	
		 		 		 	President	 	
					
	 

	 		 		 		 	
	Notary Public	 		 		 		 	
	My Commission Expires:	 		 		 		 	
					
	

	 		 		 		 	
				
	Signed, sealed and delivered in the presence of:	 		 	OUT-MED IV, L.L.C.	 	
		 		 	By:	 	OUT-MED, L.L.C., its manager	 	
					
	 

	 		 	By:	 	 

	 	(SEAL)
	Witness	 		 		 	David LaGuardia	 	
		 		 		 	President	 	
					
	  
 

	 		 		 		 	
	Notary Public	 		 		 		 	
	My Commission Expires:	 		 		 		 	
					
	

	 		 		 		 	

  

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 EXHIBIT “A” 
 

 
 WARRANTYDEED 
 STATE OF Georgia - Coweta COUNTY 
 THIS INDENTURE, Made this 29th day of March, in the year two thousand,
between Parkway Ventures, Inc., a Corporation of the County of Coweta, and State of Georgia, as party or parties of the first part, hereinafter called Grantor, and Newnan Coweta Bank of the County of Coweta, and State of Georgia, as party or parties
of the second part, hereinafter called Grantee (the words “Grantor” and “Grantee” to include their respective heirs, successors and assigns where the context requires or permits.) 
 WITNESSETH that: Grantor, for and in consideration of the sum of Ten Dollars and no/100 ($10.00) and other good and valuable considerations (10.00)
DOLLARS in hand paid at and before the sealing and delivery of these presents, the receipt whereof is hereby acknowledged, has granted, bargained, sold, aliened, conveyed and confirmed, and by these presents does grant, bargain, sell, alien, convey
and confirm unto the said Grantee, all the following described property, to-wit: 
 All that tract or parcel of land situate, lying and being
in Land Lots 74 and 75 of the Fifth Land District of Coweta County, Georgia being identified as Parcel “A” containing 1.47 acres according to plat of survey for Newnan-Coweta Bank dated February 29, 2000 made by Stan Steele Surveying,
Georgia Registered Land Surveyors of record in Plat Book 71, Page 73, in the Office of the Clerk of the Superior Court of Coweta County, Georgia, reference to which plat is hereby made for a more particular and accurate description of the
property herein conveyed. 
 Also conveyed herewith is a non-exclusive perpetual easement of access, ingress and egress over that certain road
designated as “Calumet Parkway”. This temporary easement shall automatically terminate without further written instrument being recorded by either party, upon the acceptance by the City of Newnan, Georgia of said road into the public road
system. 
 TO HAVE AND TO HOLD the said tract or parcel of land, with all and singular the rights, members and appurtenances thereof, to the
same being, belonging, or in anywise appertaining, to the only proper use, benefit and behoof of the said Grantee forever in FEE SIMPLE. 
 AND THE SAID Grantor will warrant and forever defend the right and title to the above described property unto the said Grantee against the claims of all persons whomsoever. 
 IN WITNESS WHEREOF, the Grantor has signed and sealed this deed, the day and year above written. 
  

											
	Signed, sealed and delivered in the presence of:	 		 	Parkway Ventures, Inc.	 	
						
	 

	 		 	By:	 		 	 

	 	(Seal)
		 		 		 		 	James Van S. Mottola, President	 	
						
	 

	 		 	Attest:	 		 	 

	 	(Seal)
	Notary Public	 		 		 		 	Theo D. Mann, Vice President,	 	
				
	

	 		 	  
	 	(Seal)
				
		 		 	  
	 	(Seal)

 G E O R G I A, 
 COWETA
COUNTY. 
 THIS AGREEMENT, made as of this 28th day of February, 2008, by and between OUT-MED IV, L. L. C., a limited liability company
organized and existing under the laws of the State of Georgia, with its principal place of business in Newnan, Coweta County, Georgia, hereinafter called O-M IV, and NEIGHBORHOOD COMMUNITY BANK, a banking corporation organized and existing under the
laws of the State of Georgia, with its principal place of business in Newnan, Coweta County, Georgia, hereinafter called NCB; 
 W I T N E
S S E T H: 
 WHEREAS, NCB desires to lease from O-M IV the following described property, to-wit: (Peachtree City Branch—300
Finance Ave, Peachtree City, GA—Fayette County) 
 SEE ATTACHED EXHIBIT “A” 
 WHEREAS, O-M IV has ownership, possession and control of said property and is authorized and entitled to enter into this lease; and 
 WHEREAS, the parties desire to enter into this lease; 
 NOW THEREFORE, in consideration of the premises and the mutual covenants herein set forth, including the rental hereinafter set forth. O-M IV does rent and lease the above-described property to NCB upon the following
terms and conditions: 

 1. 
 OCCUPANCY AND EFFECTIVE DATE 
 The effective date shall be February 28, 2008. 
 2. 
 LEASE TERM 
 The initial lease term shall commence on the Effective Date and shall end at midnight on the eve of the tenth annual anniversary thereof (the
“Initial Term”). The initial term of the lease shall be noncancellable by either party. In addition to the initial term, NCB shall have the option of one (1) ten (10) year renewal option, beginning and ending on an anniversary
date of the Effective Date. Upon the acquisition or merger of NCB by/with any other entity during the initial term, the renewal option must be exercised prior to consummation of such event. In order to exercise the renewal options, notice of said
exercise must be given by NCB to O-M IV at least ninety (90) days prior to the expiration of the last year of the existing term, and at the time of such exercise NCB must be occupying the Property under a then valid Lease Term and not in
default hereunder. 
 3. 
 LEASE
RATE 
 The Lease rate shall be $31.12 per square foot per annum, with said amount
being paid in equal monthly payments of one-twelfth ( 1/12) of such amount. According to the plans for the building, the
premises contain 6,600 square feet. 
  

 Page 2 

 The first partial month’s rent, along with one (1) month’s rent security deposit, shall be
paid on the Effective Date and the monthly rent shall be paid by NCB to O-M IV on the first day of each calendar month thereafter. 
 For the
renewal terms, the Lease Rate during such terms shall be the same as the initial term. 
 4. 
 RIGHT OF FIRST REFUSAL 
 At any time in which
this Lease is in force and for a period of one hundred eighty (180) days following the termination hereof, NCB shall have the right of first refusal in the event that O-M IV receives a bona fide purchase offer for the Property from a third
party. Within ten (10) days after receipt of any such offer O-M IV shall provide notification of the terms and conditions of any such bona fide purchase offer to NCB, and NCB shall thereafter have a period of thirty (30) days in which to
agree to purchase the Property under the terms and conditions offered by the third party, in the absence of which O-M IV shall be free to sell the Property to such third party. 
 5. 
 EXCLUSIVITY 
 NCB shall have, during the term of the Lease, sole and exclusive possession of the Property subject to any existing 

  

 Page 3 

 
cross-easements with other tenants in the driveways and parking lots. So long as NCB is a tenant not in default under this Lease O-M IV shall not, on any
real property within a radius of one-half ( 1/2) of the Property, develop, construct, manage, participate in the development of,
or otherwise be engaged in the furtherance of any banking facility that shall provide any of the services then being provided to the public by NCB without NCB’s written consent. 
 6. 
 ALLOWANCES 
 (Intentionally omitted) 
 7. 
 TAXES AND INSURANCE 
 Commencing with the Effective Date, NCB shall pay all ad valorem
taxes and assessments as well as all casualty and liability insurance premiums with respect to the Property. NCB shall keep the Property Improvements insured in accordance with the standards maintained by NCB for its other facilities. In no event
shall the insurance on the Property Improvements be less than the full value thereof, nor shall the liability insurance have limits of less than $1,000,000 for each occurrence/$2,000,000 aggregate. The insurance provided by NCB hereunder shall name
O-M IV and its Lender as an additional loss payee and named insured. NCB shall be responsible for insuring its contents and other personal property on the premises. NCB will contemporaneously 

  

 Page 4 

 
with the execution of this lease deliver to O-M IV a Certificate of Insurance certifying that such insurance is in full force and effect. 
 8. 
 REPAIRS 
 O-M IV shall maintain the exterior walls, roof, parking lot resurfacing (when needed) and structural supports of the premises (exclusive of all glass and
exclusive of all exterior doors), except repairs rendered necessary by the negligence of NCB, its agents, employees, or invitees. O-M IV gives to NCB, exclusive control of the premises and shall be under no obligation to inspect said premises. NCB
shall promptly report in writing to O-M IV any defective condition known to it which O-M IV is required to repair, and failure to so report such defects shall make NCB responsible to O-M IV for any liability incurred by O-M IV by reason of such
failure. NCB accepts the premises and the building to be erected thereon as suited for the use intended by NCB. NCB shall keep and maintain in good order the leased premises, including, but not limited to, the floors, interior walls, heating,
cooling, furniture, fixtures, equipment, landscaping, water, sewer, parking lot, and electrical systems, except those repairs expressly required to be made by O-M IV. If NCB desires any alterations to the premises after the Effective Date, the same
may be done upon approval of O-M IV, such alterations to be at NCB’s expense, O-M IV hereby agreeing to approve alterations reasonably necessary for the conduct of the business of NCB. 

  

 Page 5 

 
Penetration of the roof or exterior walls shall be a default under this lease and shall result in the NCB being liable to O-M IV for any warranty which is
lost due to NCB’s actions. Said liability shall be in addition to O-M IV’s remedies setout hereafter. 
 9. 
 TREATMENT OF IMPROVEMENTS UPON TERMINATION 
 At the termination of this Lease, provided that NCB is not then in default hereunder, NCB may remove any tenant fixtures, furniture, equipment, or other improvements installed by it either with its own funds. At the termination of this
Lease, NCB agrees to return the property in as good condition as when received or installed, subject to ordinary wear and tear and to the extent it has been altered by NCB with the approval of O-M IV. 
 10. 
 UTILITIES 
 NCB shall be responsible for the payment of all utility services rendered to the Property. 
 11. 
 BROKERS 
 Neither party has utilized the services of a broker with respect to this transaction, and each shall indemnify the other with respect to any claims
through it. 
  

 Page 6 

 12. 
 DESTRUCTION OR DAMAGE TO PREMISES 
 If the premises are totally destroyed (or so substantially damaged as to be untenantable) by
storm, fire, earthquake or other casualty, this Lease shall terminate as of the date of such destruction or damage, and rental shall be accounted for as between O-M IV and NCB as of that date. If the premises are damaged, but not rendered wholly
untenantable by any such casualty, same shall be promptly restored by O-M IV to a new and usable condition, and during such period of restoration the rental payable hereunder shall be equitably abated. NCB shall be responsible for any deductible on
the insurance policy. 
 13. 
 EMINENT DOMAIN 
 In the event of any of the Property is condemned or otherwise taken by any governmental entity, NCB shall have the
option of either terminating the Lease, or, if the portion condemned is less than the entirety of the Property, maintaining the Lease and having the rent equitably abated. 
 14. 
 ASSIGNMENT AND SUBLETTING 
 This Lease may not be assigned by NCB without the written approval of O-M IV which shall not be unreasonably withheld, nor may the premises be subleased
without approval of O-M IV. 
  

 Page 7 

 15. 
 LATE CHARGES, INTEREST AND DELINQUENCY 
 If NCB is delinquent by more than five (5) days in any monthly installment of rent,
NCB shall pay to O-M IV, as additional rent, an administrative fee equal to five (5%) percent of such delinquent sum. The payment of this late payment charge shall not excuse or cure any default by NCB under this Lease. The provision for such
late charge shall be in addition to all of O-M IV’S other rights and remedies hereunder or at law and shall not be construed as a penalty or as limiting O-M IV’S remedies in any manner. Acceptance by O-M IV of a payment and the cashing of
a check in an amount less than that which is currently due shall in no way affect O-M IV’S rights under this Lease and in no way shall be in accord and satisfaction. Any rent not paid by NCB within five (5) days after its due date in
accordance with the terms of this Lease shall bear interest from such due date until paid in full at the lesser of the highest rate permitted by applicable law or eighteen (18%) percent per annum. If any rent owing under this Lease is collected
by or through an attorney at law, NCB agrees to pay fifteen (15%) percent thereof as attorney’s fees. 
 16. 
 SUBORDINATION 
 Provided that such mortgagee
executes a covenant of quiet enjoyment in favor of NCB and any subtenant of NCB, NCB and any subtenant of NCB shall subordinate its or their rights under the Lease to the rights of such mortgagee. 
  

 Page 8 

 17. 
 USE OF THE PREMISES 
 The premises shall be used for banking offices and related purposes and any other legal use. The premises
shall not be used for any illegal purposes, or any purpose deemed disreputable or extra-hazardous, nor in violation of any valid regulation or law, nor in any manner to constitute a trespass, nor in any manner to vitiate insurance on the premises.
NCB, at its sole expense, shall comply with all laws (including, without limitation, environmental requirements and laws regarding access for handicapped or disabled persons), ordinances and regulations, and all declarations, covenants, and
restrictions, applicable to the premises, and with all governmental orders and directives of public officers which impose any duty or restriction with respect to the use or occupation of the premises. 
 18. 
 EVENT OF DEFAULT 
 As used in this Lease, an “Event of Default” shall have occurred if NCB shall fail to comply with any provision of this Lease, and such
default shall continue for more than ten (10) days after O-M IV shall have given NCB written notice of such default (unless such compliance will, due to the nature of the obligation, require a period of time in excess of ten (10) days,
then after such period of time as is reasonably necessary); provided, however, that if NCB fails to comply with any such provision until receipt of such notice of default three (3) times in any Lease Year, it shall be an Event of Default if NCB
shall during the same Lease Year fail to comply with any such provision, without the requirement of further notice from O-M IV. 
  

 Page 9 

 19. 
 O-M IV’S REMEDIES 
  

	(A)	 General. Upon each occurrence of an Event of Default and so long as such Event of Default shall be continuing, O-M IV may at any time thereafter at its
election: (i) terminate this Lease or NCB’s right of possession, but NCB shall remain liable as hereinafter provided; (ii) alter locks or other security devices for the Building, without notice to NCB to deprive NCB access thereto,
and O-M IV shall not be required to provide a new key or right of access to NCB; (iii) as agent of NCB, do whatever NCB is obligated to do under this Lease, including, but not limited to, entering the Premises, without being liable for
prosecution or any claims for damages, in order to accomplish this purpose (NCB agrees to reimburse O-M IV immediately upon demand for any expenses which O-M IV may incur in thus effecting compliance with this Lease on behalf of NCB); and/or
(iv) pursue any remedies provided for under this Lease or at law or in equity. Upon the termination of this Lease or termination of NCB’s right of possession, it shall be lawful for O-M IV, without formal demand or notice of any kind, to
re-enter the Premises without the requirement or resorting to the dispossessory procedures set forth in O.C.G.A. §§ 44-7-50 et seq. and expel or remove NCB and NCB’s effects and without being liable for 

  

 Page 10 

	 	 
any claim for trespass or damages therefor, and, in connection therewith, re-key the Premises, remove NCB’s effects therefrom and store the same at
NCB’s expense, without being liable for any damages thereto. If O-M IV enters the Premises, O-M IV shall have the right to keep in place and use, or remove and store, all of the furniture, fixtures and equipment at the Premises.

  

	(B)	 Lease Termination. If O-M IV terminates this Lease, O-M IV may declare the entire amount of rent calculated on the current rate being paid by NCB, and other
sums which in O-M IV’S reasonable determination would become due and payable during the remainder of the Lease Term (including, but not limited to, increases in rent pursuant to Paragraph 3 herein), discounted to present value by using a
reasonable discount rate, to be due and payable immediately. Upon such acceleration of such amounts, NCB agrees to pay the same to O-M IV at once, together with all rent and other amounts theretofore due, less the market value of the Premises for
the remainder of the Lease Term, (taking into consideration the probable costs of marketing and reletting the Premises, then-current rental rates, probable rental rates for the remainder of the Lease Term, probable concession packages, the
probability of reletting the Premises and the probable amount of time which will elapse before the Premises are relet); provided, however, that such payment shall not constitute a penalty or forfeiture but shall constitute liquidated damages for
NCB’s failure to comply with the terms 

  

 Page 11 

	 	 
and provisions of this Lease (O-M IV and NCB agreeing that O-M IV’S actual damages in such an event are impossible to ascertain and that the amount set
forth above is a reasonable estimate thereof). Such present values shall be calculated at a discount rate equal to the 90-day U. S. Treasury bill rate on the effective date of such termination. 

  

	(C)	 Possession Termination. If O-M IV terminates NCB’s right of possession (but not this Lease), O-M IV shall relet the Premises for the account of NCB for
such rent and upon such terms as shall be satisfactory to O-M IV without thereby releasing NCB from any liability hereunder and without demand or notice of any kind to NCB. For the purpose of such reletting O-M IV is authorized to make any repairs,
changes, alterations, or additions in or to the Premises as O-M IV deems reasonably necessary or desirable. If the Premises are not relet, then NCB shall pay to O-M IV as damages a sum equal to the sum of the rental reserved in this Lease for such
period or periods, plus the costs of recovering possession of the Premises (including attorneys’ fees and costs of suit), the unpaid Rent and other amounts accrued hereunder at the time of repossession, and the costs incurred in any attempt by
O-M IV to relet the Premises. If the Premises are relet and a sufficient sum shall not be realized from such reletting (after first deducting therefrom, for retention by O-M IV, the unpaid Rent and other amounts accrued hereunder at the time of
reletting, the cost of recovering possession (including, without limitation, 

  

 Page 12 

	 	 
brokerage fees, leasing commissions and reasonable attorneys’ fees) and the cost of collection of the rent accruing therefrom (including, without
limitation, reasonable attorneys’ fees) to satisfy the rent provided for in this Lease to be paid, then NCB shall immediately satisfy and pay any such deficiency. Any such payments due O-M IV shall be made upon demand therefor from time to time
and NCB agrees that O-M IV may file suit to recover any sums falling due from time to time. NCB shall not be entitled to the excess of any consideration obtained by reletting over the Rent due hereunder. Notwithstanding any such reletting without
termination, O-M IV may at any time thereafter elect in writing to terminate this Lease for such previous breach. 

  

	(D)	 No Waiver. Exercise by O-M IV of any one or more remedies hereunder granted or otherwise available shall not be deemed to be an acceptance of surrender of
the Premises and/or a termination of this Lease by O-M IV, whether by agreement or by operation of law, it being understood that such surrender and/or termination can be effected only by the written agreement of O-M IV. Any law, usage, or custom to
the contrary notwithstanding, O-M IV shall have the right at all times to enforce the provisions of this Lease in strict accordance with the terms hereof; and the failure of O-M IV at any time to enforce its rights under this Lease strictly in
accordance with same shall not be construed as having created a custom in any way or manner contrary to the specific terms, provisions, and covenants of this Lease or as 

  

 Page 13 

	 	 
having modified the same. NCB and O-M IV further agree that forbearance or waiver by O-M IV to enforce its rights pursuant to this Lease or at law or in
equity, shall not be a waiver of O-M IV’S right to enforce one or more of its rights in connection with any subsequent default. A receipt by O-M IV of rent or other payment with knowledge of the breach of any covenant hereof shall not be deemed
a waiver of such breach, and no waiver by O-M IV of any provision of this Lease shall be deemed to have been made unless expressed in writing and signed by O-M IV. To the greatest extent permitted by law, NCB waives the service of notice of O-M
IV’S intention to re-enter as provided for in any statute, or to institute legal proceedings to that end, and also waives all right to redemption in case NCB shall be dispossessed by a judgment or by warrant of any court or judgment. The terms
“enter”, “re-enter”, “entry” or “re-entry”, as used in this Lease, are not restricted to their technical legal meanings. Any reletting of the Premises shall be on such terms and conditions as O-M IV in its
reasonable discretion may determine (including, without limitation, a term different than the remaining Lease Term, rental concessions, alterations and repair of the Premises and lease of less than the entire Premises to any tenant). O-M IV shall
not be liable, nor shall NCB’s obligations hereunder be diminished because of, O-M IV’S failure to relet the Premises or collect rent due in respect of such reletting. 

  

 Page 14 

	(E)	Cumulative Remedies. Pursuit by O-M IV of any of the foregoing remedies shall not preclude the pursuit of damages incurred, or of any of the other remedies provided herein or
by law. No act or thing done by O-M IV or O-M IV’S employees or agents during the Lease Term shall be deemed an acceptance of a surrender of the Premises. Neither the mention in this Lease or any particular remedy, nor the exercise by O-M IV of
any particular remedy hereunder, at law or in equity, shall preclude O-M IV from any other remedy O-M IV might have under this Lease, at law or in equity. Any waiver of or redress for any violation of any covenant or condition contained in this
Lease or any of the rules now or hereafter adopted by O-M IV, shall not prevent a subsequent act, which would have originally constituted a violation, from having all the force and effect of an original violation. The receipt by O-M IV of rent with
knowledge of the breach of any covenant in this Lease shall not be deemed a waiver of such breach. 

 20. 
 O-M IV’S DEFAULT AND LIABILITY 
  

	(A)	 O-M IV’S Default. O-M IV shall not be in default hereunder and NCB shall not have any remedy or cause of action unless O-M IV fails to perform any of
its obligations hereunder within ten (10) days after written notice from NCB specifying such failure (unless such performance will, due to the nature of the obligation, require a period of time in excess of ten (10) days, then after such
period of time as is reasonably 

  

 Page 15 

	 	 
necessary). If O-M IV does not perform its obligations or notify NCB that it contests the contention that it is in default within said ten (10) days
after such notice, NCB may, at its option, cause such items to be remedied and deduct the cost thereof from the rent payments next due to be paid. All obligations of O-M IV hereunder shall be construed as covenants not conditions; and all such
obligations will be binding upon O-M IV only during the period of its ownership of the Premises and not thereafter, provided O-M IV shall continue to be responsible for obligations which accrued and were acknowledged prior to the transfer and
further provided such transferee shall have assumed the obligations of O-M IV hereunder. 

  

	(B)	O-M IV’S Liability. In the event of the transfer by O-M IV of its interests in the Premises after compliance with Paragraph 4, O-M IV shall thereupon be released and
discharged from all obligations of O-M IV thereafter accruing, but such obligations shall be binding during the Lease Term upon each new owner for the duration of such owner’s ownership. Any liability of O-M IV under this Lease and/or with
respect to the Premises or otherwise shall be limited solely to its interest in the Premises, and in no event shall any personal liability be asserted against O-M IV and/or its members, officers, directors, agents or employees in connection with
this Lease nor shall any recourse be had to any other property or assets of O-M IV or such other parties. 

  

 Page 16 

 21. 
 FORCE MAJEURE 
 O-M IV shall not be held responsible for delays in the performance of its obligations hereunder when caused by
strikes, lockouts, labor disputes, acts of God, inability to obtain labor or materials or reasonable substitutes therefor, governmental restrictions, governmental regulations, governmental controls, enemy or hostile governmental actions, civil
commotion, fire or other casualty, and any causes beyond the reasonable control of O-M IV (“Force Majeure”). It is understood and agreed that Force Majeure would include tornadoes, hurricanes, floods and other damaging winds or storms, but
would not include excessive rain days during the construction period as far as the penalties set forth in Paragraph 1. 
 22. 
 MISCELLANEOUS 
 This contract shall create
the relationship of landlord and tenant between O-M IV and NCB; no estate shall pass out of O-M IV; NCB has only a usufruct, not subject to levy and sale and not assignable by NCB except as herein provided. 
 In the event of bankruptcy or state insolvency proceedings filed by or against NCB, its successors or assigns, or guarantor, in any Federal or State
Court, it shall give the right to O-M IV, its successors or assigns, at its option, to immediately declare this contract null and void and to resume at once possession of 

  

 Page 17 

 
the property. No receiver, trustee or other officer shall ever have the right, title or interest in or to the above-described property by virtue of this
contract. 
 If NCB remains in possession after expiration of the term hereof, with O-M IV’S acquiescence and without any distinct
agreement of the parties, NCB shall be a tenant at will, and there shall be no renewal of this Lease by operation of law. 
 NCB hereby
appoints as its 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 said premises at the time, or occupying the premises, and if no
person in charge is in charge or occupying same, then such service or notice may be made by attaching the same to the main entrance of the premises. A copy of all such dispossessory or distraint proceedings and notices under this Lease shall also be
sent to NCB’s last known address, if different from the premises and as set forth in the following paragraph. 
 All notices required or
permitted to be given under this Lease shall be in writing and shall be sent by Registered or Certified Mail, Return Receipt Requested, or by a reputable National overnight courier service, postage prepaid, or by hand delivery. Except where
otherwise expressly provided to the contrary, notice shall be deemed given upon delivery or upon refusal to accept delivery. All such notices shall be addressed: 
  

			
	If to O-M IV:	    	OUT-MED IV, L.L.C.
		    	37P Calumet Parkway, Suite 200
		    	Newnan, GA 30263
		    	ATTN: Mr. David LaGuardia

  

 Page 18 

					
	with a copy to:	    	Mann & Wooldridge, P.C.	  	
		    	P. O. Box 310, 28 Jackson Street	  	
		    	Newnan, GA 30264-0310	  	
		    	ATTN: Theo D. Mann, Esq.	  	
			
	If to NCB:	    	NEIGHBORHOOD COMMUNITY BANK	  	
		    	145 Millard Farmer Industrial Blvd.	  	
		    	Newnan, GA 30263	  	
		    	ATTN: Mr. James B. Kinsey	  	
			
	with a copy to:	    	  
	  	
		    	  
	  	
		    	Newnan, GA 30263	  	
		    	ATTN:
                                        
        , Esq.	  	
			
		    	and	  	
			
		    	Mann & Wooldridge, P.C.	  	
		    	P. O. Box 310, 28 Jackson Street	  	
		    	Newnan, GA 30264-0310	  	
		    	ATTN: Theo D. Mann, Esq.	  	

 Either party may, upon fifteen (15) days’ notice given as aforesaid, change its address for all
subsequent notices. 
 Neither this Lease nor a Memorandum of Lease shall be filed or recorded by or on behalf of NCB with any public
official or recorder’s office. O-M IV may, but shall have no obligation to, prepare and file, and upon request by O-M IV, NCB will execute, a Memorandum of Lease. 
 Construction and interpretation of this Lease shall be governed by the laws of the State of Georgia. 
 Time
is of the essence as to performance of each and every one of the covenants, obligations and duties of the parties to this Lease. 
  

 Page 19 

 IN WITNESS WHEREOF, the parties have caused this Lease to be executed under seal, as of the day and year
first above written. 
  

									
	Signed, sealed and delivered in the presence of:	 		 	NEIGHBORHOOD COMMUNITY BANK	 	
					
	 

	 		 	By:	 	 

	 	(SEAL)
	Witness	 		 		 	 James B. Kimsey
 President
	 	
					
	 

	 		 		 		 	
	Notary Public	 		 		 		 	
	My Commission Expires:	 		 		 		 	
					
	

	 		 		 		 	
				
	Signed, sealed and delivered in the presence of:	 		 	OUT-MED IV, L.L.C.	 	
		 		 	By:	 	OUT-MED, L.L.C., its manager	 	
					
	 

	 		 	By:	 	 

	 	(SEAL)
	Witness	 		 		 	David LaGuardia	 	
		 		 		 	President	 	
					
	 

	 		 		 		 	
	Notary Public	 		 		 		 	
	My Commission Expires:	 		 		 		 	
					
	

	 		 		 		 	

  

 Page 20 

 EXHIBIT “A” 
 L E G A L D E S C R I P T I O N 
 All that tract or parcel of land
lying and being located in Land Lot 93 of the 7th Land District, Fayette County, Georgia, and being more particularly described as follows:

 Beginning at the intersection of the northerly right of way of Walt Banks Road and the west right of way of Georgia Highway 54 and run thence North 48
degrees 04 minutes 25 seconds East for a distance of 37.39 feet to a point on the west right of way of Georgia Highway 54, thence North 06 degrees 06 minutes 32 seconds East for a distance of 419.95 feet to a point on said right of way and THE TRUE
POINT OF BEGINNING of the property herein described: 
 THENCE North 89 degrees 59 minutes 37 seconds West for a distance of 330.09 feet to an iron pin
placed; 
 THENCE North 06 degrees 06 minutes 32 seconds East for a distance of 228.69 feet to an iron pin placed; 
 THENCE South 89 degrees 50 minutes 24 seconds East for a distance of 330.00 feet to a point on the west right of way line of Georgia Highway 54; 
 THENCE South 06 degrees 06 minutes 32 seconds West for a distance of 227.80 feet along said right of way to a point and THE TRUE POINT OF BEGINNING. 
 Together with and subject to covenants, easements, and restrictions of record. 
 Said property contains 1.72 acres more or less, and is shown by plat of survey for Newnan Coweta Bank by Randy McLain, Registered Land Surveyor, dated June 23, 2004, of record in Plat Book 40, Page 19 Fayette County, Georgia records.

 Also conveyed herewith is a non-exclusive perpetual easement for purposes of ingress, egress and regress from the above described property to the right of
way of Georgia Highway 54 over through and across that certain tract or parcel of land containing 0.61 acres and being designated as “Park Avenue” on the above-referenced survey and being more particularly described as follows: 

L E G A L D E S C R I P T I O N 
 FOR
EASEMENT AREA 
 All that tract or parcel of land lying and being located in Land Lot 93 of the
7th Land District, Fayette County, Georgia, and being more particularly described as follows: 
 Beginning at the intersection of the northerly right of way of Walt Banks Road and the west right of way of Georgia Highway 54 and run thence North 48 degrees 04 minutes
25 seconds East for a distance of 37.39 feet to a point on the west right of way of Georgia Highway 54, thence North 06 degrees 06 minutes 32 seconds East for a distance of 339.49 feet to a point on said right of way and THE TRUE POINT OF BEGINNING
of the property herein described: 
 THENCE North 89 degrees 59 minutes 37 seconds West for a distance of 330.09 feet to a point on the south line of Park
Avenue; 
 THENCE North 06 degrees 06 minutes 32 seconds East for a distance of 80.46 feet to a point on the north line of Park Avenue; 
 THENCE South 89 degrees 59 minutes 37 seconds East for a distance of 330.09 feet to a point on the west right of way line of Georgia Highway 54; 
 THENCE South 06 degrees 06 minutes 32 seconds West for a distance of 80.46 feet along said right of way to a point and THE TRUE POINT OF BEGINNING. 
 Together with and subject to covenants, easements and restrictions of record. 
 Said property contains 0.61 acres more or less. 

 G E O R G I A, 
 COWETA
COUNTY. 
 THIS AGREEMENT, made as of this 28th day of February, 2008, by and between OUT-MED IV, L. L. C., a limited liability company
organized and existing under the laws of the State of Georgia, with its principal place of business in Newnan, Coweta County, Georgia, hereinafter called O-M IV, and NEIGHBORHOOD COMMUNITY BANK, a banking corporation organized and existing under the
laws of the State of Georgia, with its principal place of business in Newnan, Coweta County, Georgia, hereinafter called NCB; 
 W I T N E
S S E T H: 
 WHEREAS, NCB desires to lease from O-M IV the following described property, to-wit: (Tyrone Branch -105 Carriage Oaks
Dr, Tyrone, GA—Fayette County) 
 SEE ATTACHED EXHIBIT “A” 
 WHEREAS, O-M IV has ownership, possession and control of said property and is authorized and entitled to enter into this lease; and 
 WHEREAS, the parties desire to enter into this lease; 
 NOW THEREFORE, in consideration of the premises and the mutual covenants herein set forth, including the rental hereinafter set forth. O-M IV does rent and lease the above described property to NCB upon the following
terms and conditions: 

 1. 
 OCCUPANCY AND EFFECTIVE DATE 
 The effective date shall be February 28, 2008. 
 2. 
 LEASE TERM 
 The initial lease term shall commence on the Effective Date and shall end at midnight on the eve of the tenth annual anniversary thereof (the
“Initial Term”). The initial term of the lease shall be noncancellable by either party. In addition to the initial term, NCB shall have the option of one (1) ten (10) year renewal option, beginning and ending on an anniversary
date of the Effective Date. Upon the acquisition or merger of NCB by/with any other entity during the initial term, the renewal option must be exercised prior to consummation of such event. In order to exercise the renewal options, notice of said
exercise must be given by NCB to O-M IV at least ninety (90) days prior to the expiration of the last year of the existing term, and at the time of such exercise NCB must be occupying the Property under a then valid Lease Term and not in
default hereunder. 
 3. 
 LEASE
RATE 
 The Lease rate shall be $ 35.60 per square foot per annum, with said
amount being paid in equal monthly payments of one-twelfth ( 1/12) of such amount. According to the plans for the building,
the premises contain 3,372 square feet. 
  

 Page 2 

 The first partial month’s rent, along with one (1) month’s rent security deposit, shall be
paid on the Effective Date and the monthly rent shall be paid by NCB to O-M IV on the first day of each calendar month thereafter. 
 For the
renewal terms, the Lease Rate during such terms shall be the same as the initial term. 
 4. 
 RIGHT OF FIRST REFUSAL 
 At any time in which
this Lease is in force and for a period of one hundred eighty (180) days following the termination hereof, NCB shall have the right of first refusal in the event that O-M IV receives a bona fide purchase offer for the Property from a third
party. Within ten (10) days after receipt of any such offer O-M IV shall provide notification of the terms and conditions of any such bona fide purchase offer to NCB, and NCB shall thereafter have a period of thirty (30) days in which to
agree to purchase the Property under the terms and conditions offered by the third party, in the absence of which O-M IV shall be free to sell the Property to such third party. 
 5. 
 EXCLUSIVITY 
 NCB shall have, during the term of the Lease, sole and exclusive possession of the Property subject to any existing 

  

 Page 3 

 
cross-easements with other tenants in the driveways and parking lots. So long as NCB is a tenant not in default under this Lease O-M IV shall not, on any
real property within a radius of one-half ( 1/2) mile of the Property, develop, construct, manage, participate in the development
of, or otherwise be engaged in the furtherance of any banking facility that shall provide any of the services then being provided to the public by NCB without NCB’s written consent. 
 6. 
 ALLOWANCES 
 (Intentionally omitted) 
 7. 
 TAXES AND INSURANCE 
 Commencing with the
Effective Date, NCB shall pay all ad valorem taxes and assessments as well as all casualty and liability insurance premiums with respect to the Property. NCB shall keep the Property Improvements insured in accordance with the standards maintained by
NCB for its other facilities. In no event shall the insurance on the Property Improvements be less than the full value thereof, nor shall the liability insurance have limits of less than $1,000,000 for each occurrence/$2,000,000 aggregate. The
insurance provided by NCB hereunder shall name O-M IV and its Lender as an additional loss payee and named insured. NCB shall be responsible for insuring its contents and other personal property on the premises. NCB will contemporaneously with the
execution of this lease deliver to O-M IV a Certificate of Insurance certifying that such insurance is in full force and effect. 
  

 Page 4 

 8. 
 REPAIRS 
 O-M IV shall maintain the exterior walls, roof, parking 1ot resurfacing (when needed) and structural supports of the
premises (exclusive of all glass and exclusive of all exterior doors), except repairs rendered necessary by the negligence of NCB, its agents, employees, or invitees. O-M IV gives to NCB, exclusive control of the premises and shall be under no
obligation to inspect said premises. NCB shall promptly report in writing to O-M IV any defective condition known to it which O-M IV is required to repair, and failure to so report such defects shall make NCB responsible to O-M IV for any liability
incurred by O-M IV by reason of such failure. NCB accepts the premises and the building to be erected thereon as suited for the use intended by NCB. NCB shall keep and maintain in good order the leased premises, including, but not limited to, the
floors, interior walls, heating, cooling, furniture, fixtures, equipment, landscaping, water, sewer, parking lot, and electrical systems, except those repairs expressly required to be made by O-M IV. If NCB desires any alterations to the premises
after the Effective Date, the same may be done upon approval of O-M IV, such alterations to be at NCB’s expense, O-M IV hereby agreeing to approve alterations reasonably necessary for the conduct of the business of NCB. 
  

 Page 5 

 Penetration of the roof or exterior walls shall be a default under this lease and shall result in the NCB being liable to
O-M IV for any warranty which is lost due to NCB’s actions. Said liability shall be in addition to O-M IV’s remedies setout hereafter. 
 9. 
 TREATMENT OF IMPROVEMENTS UPON TERMINATION 
 At the termination of this Lease, provided that NCB is not then in default hereunder, NCB may remove any tenant fixtures, furniture, equipment, or other improvements installed by it either with its own funds. At the
termination of this Lease, NCB agrees to return the property in as good condition as when received or installed, subject to ordinary wear and tear and to the extent it has been altered by NCB with the approval of O-M IV. 
 10. 
 UTILITIES 
 NCB shall be responsible for the payment of all utility services rendered to the Property. 
 11. 
 BROKERS 
 Neither party has utilized the services of a broker with respect to this transaction, and each shall indemnify the other with respect to any claims
through it. 
  

 Page 6 

 12. 
 DESTRUCTION OR DAMAGE TO PREMISES 
 If the premises are totally destroyed (or so substantially damaged as to be untenantable) by
storm, fire, earthquake or other casualty, this Lease shall terminate as of the date of such destruction or damage, and rental shall be accounted for as between O-M IV and NCB as of that date. If the premises are damaged, but not rendered wholly
untenantable by any such casualty, same shall be promptly restored by O-M IV to a new and usable condition, and during such period of restoration the rental payable hereunder shall be equitably abated. NCB shall be responsible for any deductible on
the insurance policy. 
 13. 
 EMINENT DOMAIN 
 In the event of any of the Property is condemned or otherwise taken by any governmental entity, NCB shall have the
option of either terminating the Lease, or, if the portion condemned is less than the entirety of the Property, maintaining the Lease and having the rent equitably abated. 
 14. 
 ASSIGNMENT AND SUBLETTING 
 This Lease may not be assigned by NCB without the written approval of O-M IV which shall not be unreasonably withheld, nor may the premises be subleased
without approval of O-M IV. 
  

 Page 7 

 15. 
 LATE CHARGES, INTEREST AND DELINQUENCY 
 If NCB is delinquent by more than five (5) days in any monthly installment of rent,
NCB shall pay to O-M IV, as additional rent, an administrative fee equal to five (5%) percent of such delinquent sum. The payment of this late payment charge shall not excuse or cure any default by NCB under this Lease. The provision for such
late charge shall be in addition to all of O-M IV’S other rights and remedies hereunder or at law and shall not be construed as a penalty or as limiting O-M IV’S remedies in any manner. Acceptance by O-M IV of a payment and the cashing of
a check in an amount less than that which is currently due shall in no way affect O-M IV’S rights under this Lease and in no way shall be in accord and satisfaction. Any rent not paid by NCB within five (5) days after its due date in
accordance with the terms of this Lease shall bear interest from such due date until paid in full at the lesser of the highest rate permitted by applicable law or eighteen (18%) percent per annum. If any rent owing under this Lease is collected
by or through an attorney at law, NCB agrees to pay fifteen (15%) percent thereof as attorney’s fees. 
 16. 
 SUBORDINATION 
 Provided that such mortgagee
executes a covenant of quiet enjoyment in favor of NCB and any subtenant of NCB, NCB and any subtenant of NCB shall subordinate its or their rights under the Lease to the rights of such mortgagee. 
  

 Page 8 

 17. 
 USE OF THE PREMISES 
 The premises shall be used for banking offices and related purposes and any other legal use. The premises
shall not be used for any illegal purposes, or any purpose deemed disreputable or extra-hazardous, nor in violation of any valid regulation or law, nor in any manner to constitute a trespass, nor in any manner to vitiate insurance on the premises.
NCB, at its sole expense, shall comply with all laws (including, without limitation, environmental requirements and laws regarding access for handicapped or disabled persons), ordinances and regulations, and all declarations, covenants, and
restrictions, applicable to the premises, and with all governmental orders and directives of public officers which impose any duty or restriction with respect to the use or occupation of the premises. 
 18. 
 EVENT OF DEFAULT 
 As used in this Lease, an “Event of Default” shall have occurred if NCB shall fail to comply with any provision of this Lease, and such
default shall continue for more than ten (10) days after O-M IV shall have given NCB written notice of such default (unless such compliance will, due to the nature of the obligation, require a period of time in excess of ten (10) days,
then after such period of time as is reasonably necessary); provided, however, that if NCB fails to comply with any such provision until receipt of such notice of default three (3) times in any Lease Year, it shall be an Event of Default if NCB
shall during the same Lease Year fail to comply with any such provision, without the requirement of further notice from O-M IV. 
  

 Page 9 

 19. 
 O-M IV’S REMEDIES 
  

	(A)	General. Upon each occurrence of an Event of Default and so long as such Event of Default shall be continuing, O-M IV may at any time thereafter at its election:
(i) terminate this Lease or NCB’s right of possession, but NCB shall remain liable as hereinafter provided; (ii) alter locks or other security devices for the Building, without notice to NCB to deprive NCB access thereto, and O-M IV
shall not be required to provide a new key or right of access to NCB; (iii) as agent of NCB, do whatever NCB is obligated to do under this Lease, including, but not limited to, entering the Premises, without being liable for prosecution or any
claims for damages, in order to accomplish this purpose (NCB agrees to reimburse O-M IV immediately upon demand for any expenses which O-M IV may incur in thus effecting compliance with this Lease on behalf of NCB); and/or (iv) pursue any
remedies provided for under this Lease or at law or in equity. Upon the termination of this Lease or termination of NCB’s right of possession, it shall be lawful for O-M IV, without formal demand or notice of any kind, to re-enter the Premises
without the requirement or resorting to the dispossessory procedures set forth in O.C.G.A. §§ 44-7-50 et seq. and expel or remove NCB and NCB’s effects and without being liable for 

  

 Page 10 

	 	 
any claim for trespass or damages therefor, and, in connection therewith, re-key the Premises, remove NCB’s effects therefrom and store the same at
NCB’s expense, without being liable for any damages thereto. If O-M IV enters the Premises, O-M IV shall have the right to keep in place and use, or remove and store, all of the furniture, fixtures and equipment at the Premises.

  

	(B)	 Lease Termination. If O-M IV terminates this Lease, O-M IV may declare the entire amount of rent calculated on the current rate being paid by NCB, and other
sums which in O-M IV’S reasonable determination would become due and payable during the remainder of the Lease Term (including, but not limited to, increases in rent pursuant to Paragraph 3 herein), discounted to present value by using a
reasonable discount rate, to be due and payable immediately. Upon such acceleration of such amounts, NCB agrees to pay the same to O-M IV at once, together with all rent and other amounts theretofore due, less the market value of the Premises for
the remainder of the Lease Term, (taking into consideration the probable costs of marketing and reletting the Premises, then-current rental rates, probable rental rates for the remainder of the Lease Term, probable concession packages, the
probability of reletting the Premises and the probable amount of time which will elapse before the Premises are relet); provided, however, that such payment shall not constitute a penalty or forfeiture but shall constitute liquidated damages for
NCB’s failure to comply with the terms 

  

 Page 11 

	 	 
and provisions of this Lease (O-M IV and NCB agreeing that O-M IV’SS actual damages in such an event are impossible to ascertain and that the amount set
forth above is a reasonable estimate thereof). Such present values shall be calculated at a discount rate equal to the 90-day U. S. Treasury bill rate on the effective date of such termination. 

  

	(C)	 Possession Termination. If O-M IV terminates NCB’s right of possession (but not this Lease), O-M IV shall relet the Premises for the account of NCB for
such rent and upon such terms as shall be satisfactory to O-M IV without thereby releasing NCB from any liability hereunder and without demand or notice of any kind to NCB. For the purpose of such reletting O-M IV is authorized to make any repairs,
changes, alterations, or additions in or to the Premises as O-M IV deems reasonably necessary or desirable. If the Premises are not relet, then NCB shall pay to O-M IV as damages a sum equal to the sum of the rental reserved in this Lease for such
period or periods, plus the costs of recovering possession of the Premises (including attorneys’ fees and costs of suit), the unpaid Rent and other amounts accrued hereunder at the time of repossession, and the costs incurred in any attempt by
O-M IV to relet the Premises. If the Premises are relet and a sufficient sum shall not be realized from such reletting (after first deducting therefrom, for retention by O-M IV, the unpaid Rent and other amounts accrued hereunder at the time of
reletting, the cost of recovering possession (including, without limitation, 

  

 Page 12 

	 	 
brokerage fees, leasing commissions and reasonable attorneys’ fees) and the cost of collection of the rent accruing therefrom (including, without
limitation, reasonable attorneys’ fees) to satisfy the rent provided for in this Lease to be paid, then NCB shall immediately satisfy and pay any such deficiency. Any such payments due O-M IV shall be made upon demand therefor from time to time
and NCB agrees that O-M IV may file suit to recover any sums falling due from time to time. NCB shall not be entitled to the excess of any consideration obtained by reletting over the Rent due hereunder. Notwithstanding any such reletting without
termination, O-M IV may at any time thereafter elect in writing to terminate this Lease for such previous breach. 

  

	(D)	 No Waiver. Exercise by O-M IV of any one or more remedies hereunder granted or otherwise available shall not be deemed to be an acceptance of surrender of
the Premises and/or a termination of this Lease by O-M IV, whether by agreement or by operation of law, it being understood that such surrender and/or termination can be effected only by the written agreement of O-M IV. Any law, usage, or custom to
the contrary notwithstanding, O-M IV shall have the right at all times to enforce the provisions of this Lease in strict accordance with the terms hereof; and the failure of O-M IV at any time to enforce its rights under this Lease strictly in
accordance with same shall not be construed as having created a custom in any way or manner contrary to the specific terms, provisions, and covenants of this Lease or as 

  

 Page 13 

	 	 
having modified the same. NCB and O-M IV further agree that forbearance or waiver by O-M IV to enforce its rights pursuant to this Lease or at law or in
equity, shall not be a waiver of O-M IV’S right to enforce one or more of its rights in connection with any subsequent default. A receipt by O-M IV of rent or other payment with knowledge of the breach of any covenant hereof shall not be deemed
a waiver of such breach, and no waiver by O-M IV of any provision of this Lease shall be deemed to have been made unless expressed in writing and signed by O-M IV. To the greatest extent permitted by law, NCB waives the service of notice of O-M
IV’S intention to re-enter as provided for in any statute, or to institute legal proceedings to that end, and also waives all right to redemption in case NCB shall be dispossessed by a judgment or by warrant of any court or judgment. The terms
“enter”, “re-enter”, “entry” or “re-entry”, as used in this Lease, are not restricted to their technical legal meanings. Any reletting of the Premises shall be on such terms and conditions as O-M IV in its
reasonable discretion may determine (including, without limitation, a term different than the remaining Lease Term, rental concessions, alterations and repair of the Premises and lease of less than the entire Premises to any tenant). O-M IV shall
not be liable, nor shall NCB’s obligations hereunder be diminished because of, O-M IV’S failure to relet the Premises or collect rent due in respect of such reletting. 

  

 Page 14 

	(E)	Cumulative Remedies. Pursuit by O-M IV of any of the foregoing remedies shall not preclude the pursuit of damages incurred, or of any of the other remedies provided herein or
by law. No act or thing done by O-M IV or O-M IV’S employees or agents during the Lease Term shall be deemed an acceptance of a surrender of the Premises. Neither the mention in this Lease or any particular remedy, nor the exercise by O-M IV of
any particular remedy hereunder, at law or in equity, shall preclude O-M IV from any other remedy O-M IV might have under this Lease, at law or in equity. Any waiver of or redress for any violation of any covenant or condition contained in this
Lease or any of the rules now or hereafter adopted by O-M IV, shall not prevent a subsequent act, which would have originally constituted a violation, from having all the force and effect of an original violation. The receipt by O-M IV of rent with
knowledge of the breach of any covenant in this Lease shall not be deemed a waiver of such breach. 

 20. 
 O-M IV’S DEFAULT AND LIABILITY 
  

	(A)	 O-M IV’S Default. O-M IV shall not be in default hereunder and NCB shall not have any remedy or cause of action unless O-M IV fails to perform any of
its obligations hereunder within ten (10) days after written notice from NCB specifying such failure (unless such performance will, due to the nature of the obligation, require a period of time in excess of ten (10) days, then after such
period of time as is reasonably 

  

 Page 15 

	 	 
necessary). If O-M IV does not perform its obligations or notify NCB that it contests the contention that it is in default within said ten (10) days
after such notice, NCB may, at its option, cause such items to be remedied and deduct the cost thereof from the rent payments next due to be paid. All obligations of O-M IV hereunder shall be construed as covenants not conditions; and all such
obligations will be binding upon O-M IV only during the period of its ownership of the Premises and not thereafter, provided O-M IV shall continue to be responsible for obligations which accrued and were acknowledged prior to the transfer and
further provided such transferee shall have assumed the obligations of O-M IV hereunder. 

  

	(B)	O-M IV’S Liability. In the event of the transfer by O-M IV of its interests in the Premises after compliance with Paragraph 4, O-M IV shall thereupon be released and
discharged from all obligations of O-M IV thereafter accruing, but such obligations shall be binding during the Lease Term upon each new owner for the duration of such owner’s ownership. Any liability of O-M IV under this Lease and/or with
respect to the Premises or otherwise shall be limited solely to its interest in the Premises, and in no event shall any personal liability be asserted against O-M IV and/or its members, officers, directors, agents or employees in connection with
this Lease nor shall any recourse be had to any other property or assets of O-M IV or such other parties. 

  

 Page 16 

 21. 
 FORCE MAJEURE 
 O-M IV shall not be held responsible for delays in the performance of its obligations hereunder when caused by
strikes, lockouts, labor disputes, acts of God, inability to obtain labor or materials or reasonable substitutes therefor, governmental restrictions, governmental regulations, governmental controls, enemy or hostile governmental actions, civil
commotion, fire or other casualty, and any causes beyond the reasonable control of O-M IV (“Force Majeure”). It is understood and agreed that Force Majeure would include tornadoes, hurricanes, floods and other damaging winds or storms, but
would not include excessive rain days during the construction period as far as the penalties set forth in Paragraph 1. 
 22. 
 MISCELLANEOUS 
 This contract shall create
the relationship of landlord and tenant between O-M IV and NCB; no estate shall pass out of O-M IV; NCB has only a usufruct, not subject to levy and sale and not assignable by NCB except as herein provided. 
 In the event of bankruptcy or state insolvency proceedings filed by or against NCB, its successors or assigns, or guarantor, in any Federal or State
Court, it shall give the right to O-M IV, its successors or assigns, at its option, to immediately declare this contract null and void and to resume at once possession of 

  

 Page 17 

 
the property. No receiver, trustee or other officer shall ever have the right, title or interest in or to the above-described property by virtue of this
contract. 
 If NCB remains in possession after expiration of the term hereof, with O-M IV’S acquiescence and without any distinct
agreement of the parties, NCB shall be a tenant at will, and there shall be no renewal of this Lease by operation of law. 
 NCB hereby
appoints as its 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 said premises at the time, or occupying the premises, and if no
person in charge is in charge or occupying same, then such service or notice may be made by attaching the same to the main entrance of the premises. A copy of all such dispossessory or distraint proceedings and notices under this Lease shall also be
sent to NCB’s last known address, if different from the premises and as set forth in the following paragraph. 
 All notices required or
permitted to be given under this Lease shall be in writing and shall be sent by Registered or Certified Mail, Return Receipt Requested, or by a reputable National overnight courier service, postage prepaid, or by hand delivery. Except where
otherwise expressly provided to the contrary, notice shall be deemed given upon delivery or upon refusal to accept delivery. All such notices shall be addressed: 
  

							
	If to O-M IV:	 	OUT-MED IV, L.L.C.
		 	37P Calumet Parkway, Suite 200
		 	Newnan, GA 30263
		 	ATTN:    Mr. David LaGuardia

  

 Page 18 

							
	with a copy to:	 	Mann & Wooldridge, P.C.
		 	P. O. Box 310, 28 Jackson Street
		 	Newnan, GA 30264-0310
		 	ATTN:    Theo D. Mann, Esq.
		
	If to NCB:	 	NEIGHBORHOOD COMMUNITY BANK
		 	145 Millard Farmer Industrial Blvd.
		 	Newnan, GA 30263
		 	ATTN:    Mr. James B. Kinsey
			
	with a copy to:	 	  
	  	
		 	  
	  	
		 	Newnan, GA 30263
		 	ATTN:                            ,
Esq.
		
		 	and
		
		 	Mann & Wooldridge, P.C.
		 	P. O. Box 310, 28 Jackson Street
		 	Newnan, GA 30264-0310
		 	ATTN:    Theo D. Mann, Esq.

 Either party may, upon fifteen (15) days’ notice given as aforesaid, change its address for all
subsequent notices. 
 Neither this Lease nor a Memorandum of Lease shall be filed or recorded by or on behalf of NCB with any public
official or recorder’s office. O-M IV may, but shall have no obligation to, prepare and file, and upon request by O-M IV, NCB will execute, a Memorandum of Lease. 
 Construction and interpretation of this Lease shall be governed by the laws of the State of Georgia. 
 Time
is of the essence as to performance of each and every one of the covenants, obligations and duties of the parties to this Lease. 
  

 Page 19 

 IN WITNESS WHEREOF, the parties have caused this Lease to be executed under seal, as of the day and year
first above written. 
  

									
	Signed, sealed and delivered in the presence of:	 		 	NEIGHBORHOOD COMMUNITY BANK	 	
		 		 		 		 	
	 

	 		 	By:	 	 

	 	(SEAL)
	Witness	 		 		 	James B. Kimsey	 	
		 		 		 	President	 	
	 

	 		 		 		 	
	Notary Public	 		 		 		 	
	My Commission Expires:	 		 		 		 	
					
	

	 		 		 		 	
				
	Signed, sealed and delivered in the presence of:	 		 	 OUT-MED IV, L.L.C.
 By: OUT-MED, L.L.C.,
its manager
	 	
					
	 

	 		 	By:	 	 

	 	(SEAL)
	Witness	 		 		 	David LaGuardia	 	
		 		 		 	President	 	
	 

	 		 		 		 	
	Notary Public	 		 		 		 	
	My Commission Expires:	 		 		 		 	
					
	

	 		 		 		 	

  

 Page 20 

 EXHIBIT “A” 
 All that tract or parcel of land lying and being in Land Lot 116, 7th District, Fayette County, Georgia and being more particularly described as follows: 
 To find the point of beginning, commence at a  1/2 - inch iron pin found at the intersection of the westerly right-of-way line of State Route 74 (also known as Senoia Road and having a variable width right-of-way) and the southerly right-of-way
line of Carriage Oaks Drive (having a variable width right-of-way); thence leaving said intersection and running along said westerly right-of-way line of State Route 74, 240.84 feet along the arc of a curve to the left, having a radius of 2964.78
feet and being scribed by a chord bearing South 13 degrees 41 minutes 28 seconds West, 240.77 feet to a  1/2 - inch iron pin
found; thence leaving said northerly right-of-way line of State Route 74 and running, North 80 degrees 57 minutes 22 seconds West, 233.31 feet to a point; thence North 84 degrees 35 minutes 59 seconds West, 19.23 feet to a point and the true POINT
OF BEGINNING; thence running North 84 degrees 35 minutes 59 seconds West, 165.28 feet to a point; thence North 20 degrees 54 minutes 32 seconds East, 372.92 feet to a point on said southerly right-of-way line of Carriage Oaks Drive; thence along
said southerly right-of-way line of Carriage Oaks Drive, 132.12 feet along the arc of a curve to the left having a radius of 860.00 feet and being scribed by a chord bearing South 65 degrees 27 minutes 02 seconds East, 131.99 feet to a point; thence
leaving said southerly right-of-way line of Carriage Oaks Drive and running, South 15 degrees 59 minutes 45 seconds West, 321.53 feet to a point and the true POINT OF BEGINNING. 
 Said tract contains 1.1583 acres (50,456 square feet), more or less, as shown in a survey prepared for Phillip R. Seay by POINT TO POINT LAND SURVEYORS, INC. dated
November 27, 2006. 
 Together with all rights (non-exclusive) of Grantor under that Declaration of Covenants, Conditions and Restrictions for the
Seay/Tyrone Commercial Properties, dated 1-16-98 recorded in Deed Book 1213, Page 457, aforesaid records; as amended by Amendment to the Declaration of Covenants, Conditions and Restrictions for the Seay/Tyrone Commercial Properties, recorded in
Deed Book 1233, Page 553, aforesaid records; as further amended by Second Amendment to Declaration of Covenants, Conditions and Restrictions for the Seay/Tyrone Commercial Properties recorded in Deed Book 2006, Page 533, aforesaid records; Consent
of Security Holder recorded in Deed Book 1233, Page 556, aforesaid records. 
 Together with all rights (non-exclusive) of Grantor under that Declaration of
Covenants and Restrictions by Phillip R. Seay dated 12-12-2003 recorded in Deed Book 2413, Page 292, aforesaid records. 
  

 Page 21Translation of a Lease

 This is an English translation for reference purpose only. 
 Exhibit 4.8 
 Lease Contract 

 Lessor: China Bioway Biotech Group Co., Ltd. (hereinafter referred to as “Party A”) 
 Legal address: No. 39, Shangdi Xi Road, Haidian District, Beijing 
 Lessee: Sinovac Biotech Co., Ltd. (hereinafter referred to as “Party B”) 
 Legal address: No. 39, Shangdi Xi Road, Haidian District,
Beijing 
 Party A and Party B have reached agreement in respect of Party B’s renting of Party A’s Premises for business operation on the
principles of equality and mutual benefit and on the basis of friendly negotiation and have entered into this Contract according to the Contract Law of the People’s Republic of China and other applicable laws and regulations of China.

 Article 1 The Premises 
  

	1.1	Party A agrees to lease to Party B the uncompleted No. 1 premises and the surrounding land within 10 meters of the No. 1 premises located in the Peking University
Biological Park, No. 39, Shangdi Xi Road, Haidian District, Beijing (hereinafter referred to as the “Premises”), with a total construction area of 3,462 square meters, of which office buildings occupy 2,136 square meters and
manufacturing buildings occupy 1,326 square meters. The specific location and boundary of the Premises are subject to the area marked out on the House Blueprint (attached hereto as “Annex A”) by the red line. 

  

	1.2	Party A agrees that Party B may use the Premises for the manufacture of vaccines, construction of a production plant, and the construction, build-out and use of research and
development facilities and office space. Party A shall not interfere in Party B’s lawful operation during the term of the lease. During the term of the lease, Party B has the right to sublease the Premises upon obtaining consent from Party A,
but is not entitled to alter the use of the Premises without Party A’s permission, otherwise, Party A is entitled to prevent Party B from doing so or terminate the Contract before expiration. 

 Article 2 Term of Lease 
  

	2.1	This lease shall last for twenty years, from September 1, 2007 to August 31, 2027. 

 Article 3 Rent and Mode of Payment 
  

	3.1	The rent on the office buildings shall be RMB 2 per square meter per day, and the rent of the manufacturing buildings shall be RMB 1 per square meter per day. The total
rent per lease year shall be RMB 2,043,270 . The rent shall be paid in RMB. 

  

	3.2	The “lease year” referred to in Section 3.1 refers to any twelve-month period after the expiry date of the rent-free period. 

	3.3	The rent shall be paid on a yearly basis. The rent for the first year in the amount of RMB 2,043,270 shall be paid within 10 working days after the expiration date of the rent-free
period; the rent of the second year shall be paid one year later, and so forth. 

  

	3.4	If the date defined in Section 3.3 falls on a public holiday, Party B may fulfill its obligation to pay the rent to Party A on the day immediately subsequent to such public
holiday. 

  

	3.5	If Party B advances any rent payment to Party A at the request of Party A, the amount shall be discounted at the current lending rate of commercial banks. If Party B delays any rent
payment with the approval of Party A, Party B shall pay Party A interest at the current lending rate of commercial banks. 

 Article 4 Delivery of the Premises 
  

	4.1	Both parties agree that the first three months after the effective date of the Contract is the rent-free period, during which Party A shall complete the inspection and acceptation
of the structures of the Premises. If Party B has the Premises built-out during this period, it shall pay for the water and electricity charges thereof. 

  

	4.2	Within seven business days after the effective date of the Contract, Party A shall deliver to Party B the intact Premises that satisfies the technical requirements as stipulated in
the Technical Requirements for the Premises attached hereto. 

 During the delivery of the Premises, representatives assigned by
the two parties shall monitor the delivery on site, and confirm the delivery by signing a confirmation on delivery of the Premises as described in the Confirmation on Delivery of the Premises attached hereto. The date when such confirmation is
signed is deemed as the date of delivery of the Premises. 
 If Party A delays in delivering the Premises, it shall be deemed in breach of
this Contract, and the rent-free period and the term of the Contract shall be extended accordingly. 
 Article 5 Taxes & Fees 

  

	5.1	During the term of the lease, Party A is responsibly for the payment of any state or local taxes and fees incurred due to the land use right or Premises ownership, including but not
limited to taxes on premises and land use and land use fees. 

  

	5.2	The stamp tax, registration fee, notarization fee and other taxes and fees arising from this Contract shall be paid by Party A or Party B according to the applicable regulations of
China. 

  

	5.3	When it is necessary to appraise the value of the Premises, any cost to appraise the Premises before the furnishing or alteration of the Premises by Party B shall be borne by Party
A while any cost to appraise the Premises after the furnishing or alteration of the Premises by Party B shall be borne by Party B. 

	5.4	During the term of the lease, Party A is responsible for the inspection and acceptance of the Premises, while Party B shall cooperate with Party A in the inspection and acceptance
of the Premises. Any cost arising from the inspection and acceptance (including the cost of stamping the seal of the design entity hired by Party A on Party B’s finished blueprint ) shall be borne by Party A. 

  

	5.5	The general contracing administration fee incurred by Part B in the construction of the vaccines production plant shall be paid by Party A or deducted from the rent paid by Party B.

 Article 6 Party A’s Warranties and Responsibilities 
  

	6.1	Party A undertakes that it does own the Premises and the related land use right, for which it has provided valid legal documents (see the attachments hereto). Party A undertakes
that the Premises in their current state are not illegal and that Party B will enjoy exclusive, continuous and uninterrupted use of the Premises during the term of the lease hereunder. 

  

	6.2	Party A undertakes that its has full capacity and right to lease the Premises to Party B according to the terms and conditions hereunder and will handle the relevant filing and
registration procedures within the time limit as stipulated under the state regulations, and the related expenses shall be borne by Party A or Party B according to the state regulations. If the official approval for the lease is not obtained within
the time limit due to Party A, Party B may choose to terminate this lease and Party A shall refund the amounts advanced by Party B and compensate for all the losses of Party B arising from the termination of the lease; or Party B may choose not to
terminate the lease, but any legal consequences and additional expenses as well as all the losses of Party B shall be borne by Party A. 

 Unless otherwise stipulated herein, “all the losses of Party B” of this section and elsewhere herein refers to all the economic losses of Party B by virtue of business start-up and operation. 
  

	6.3	Party A undertakes that Party B is entitled to terminate this Contract and make a claim against Party A for all the losses of Party B if, during the term of the lease, due to the
fault of Party A, Party B’s normal operation is interfered with, disturbed or spoiled by any administrative agencies, organizations or individuals on the precondition that Party B has obtained the necessary license, approval and authorization
for the business operation in the Premises. 

  

	6.4	Party A shall ues its best efforts to assist Party B in handling the application for approval procedures in respect of planning, environmental protection, water, electricity
(including expansion of the water or electricity capacity), communication, firefighting, sanitation and others that are necessary for or contingent upon business operation, design, furnishing, alteration or expansion of the Premises, including but
not limited to providing Party B with all the related documents, drawings and information necessary for the application. The expenses related to such application shall be borne by Party B. 

 Both Party A and B shall ensure that the fire fighting system for the part constructed by each party
respectively can pass inspection and acceptance. Meanwhile, each party shall be responsible for the inspection and acceptance of the fire fighting system for the part constructed by each, and bear the relevant costs. 
  

	6.5	Party A shall be fully liable for the losses of Party B and shall indemnify Party B for actual losses if Party B incurs any direct or indirect losses due to any defect or damage of
the Premises or the facilities originally provided by Party A, or any fault of Party A or its employee or agent. 

  

	6.6	During the term of Contact, Party A shall not assign the Premises to any third parties. 

  

	6.7	After Party A has agreed to deliver the Premises to Party B, Party B may continue the construction and built-out of the Premises if needed, provided that the planning, design and
other technical specifications are satisfied. During the period that Party B continues the construction of the Premises, Party A shall provide Party B with information and relevant materials about the use of power supply, water supply, drainage and
other public systems of the Premises. In case of connections, alterations or relocations of water, electricity, drainage or sewage systems of the building, Party A shall send its engineers to cooperate with Party B so that Party B may finish the
work as soon as possible. 

 During the term of the Contact, Party A must satisfy Party B’s power and water supply needs.

  

	6.8	Party A is responsible for the execution and termination of any existing contracts with its entrusted construction entity, such that Party B’s occupation and use of the
Premises are not interfered with. 

 Article 7 Party B’s Warranties and Responsibilities 
  

	7.1	Party B shall not, without the consent of Party A and the approval of relevant government authorities, use the Premises for any purposes other than those specified herein. Party B
undertakes that, when conducting commercial activities in the Premises, it will comply with Chinese laws and regulations. 

  

	7.2	Party B shall pay rent on time according to the provisions hereunder. 

  

	7.3	The building personnel of Party B must subject themselves to the supervision and inspection of the competent authorities. Party B is responsible for settling issues concerning fines
or business cessation arising out of any construction and is responsible for compensating Party A for related losses. 

	7.4	Party B shall properly use and take care of the Premises and all the facilities provided by Party A, and shall try to prevent improper damage (ordinary wear and tear excepted). In
case of any damage or breakdown of the Premises or facilities due to improper use by Party B, it shall effect prompt repairs and make compensation for losses. 

  

	7.5	Party B may, at its cost, design, furnish and alter the appearance and layout of the Premises in accordance with the relevant regulations. If Party B’s furnishing, alteration
or expansion involves the change of the basic structure of the Premises, it shall obtain the prior consent of Party A, otherwise, Party B shall be liable for all the consequences. Upon the expiration of the lease, Party B shall return the Premises
to Party A for confirmation. The ownership of the equipment and facilities (including but not limited to signboards, pipes, wires, cables, doors, windows, ventilating ducts) constructed by Party B shall belong to Party B. 

 

	7.6	During the lease period, Party B shall pay the fees for water, electricity, gas and other charges related to the use of the Premises by Party B to the relevant authorities on time.

 Article 8 Insurance and Indemnity 
  

	8.1	Party B has the right to purchase and maintain comprehensive property insurance coverage from a reputable and solvent insurance company for the important parts of the Premises and
Party B’s own equipment. In case of losses or damage, the indemnity shall be paid to Party B in full. Party B shall be entitled to purchase insurance coverage for the Premises and the indemnity shall be paid to Party B.

  

	8.2	Unless otherwise stipulated herein, Party A shall indemnify Party B against any losses resulting from any claim due to personal casualty or property damage occurring outside the
Premises but in a place within Party A’s control. In such case, Party A shall compensate Party B for all of its losses. 

  

	8.3	Unless otherwise stipulated herein, Party B shall indemnify Party A against any losses resulting from any claim due to personal casualty or property damage occurring inside the
Premises. In such case, Party B shall compensate Party A for all of its losses. 

 Article 9 Termination before Expiry Date

  

	9.1	During the term of the Contract, if both parties agree, the Contract may be terminated before the expiry date. 

  

	9.2	If the Premises is damaged and cannot be used normally due to any event of force majeure, such as earthquake, flood or typhoon, Party A shall repair or reconstruct the Premises as
soon as possible. While the Premises is being repaired, Party B shall be exempted from rent and other relevant fees; when the Premises are restored, rent and fees will continue to accrue and the term of the Contract will be extended accordingly. In
the event that a force majeure event causes such material damage that restoration is impossible and the Contract cannot reasonably be performed, both parties may negotiate to terminate the Contract before expiry date. 

  

 If the occurrence of any force majeure event causes material changes to the surroundings of the Premises,
thereby the market or environmental basis on which Party B operates its business will not exist and the Contract cannot reasonably be performed, both parties may negotiate to terminate the Contract before the expiry date. In the event that this
Contract is terminated according to this Section 9.2, the rent and other fees shall be settled according to the actual number of days this Contract was in effect. 
 When a force majeure occurs, the party affected by it shall timely notify the other party in writing and actively take remedial measures to prevent the situation from getting more serious. 
  

	9.3	Party A confirms and guarantees that it has not received and is not aware of any notice issued by the government, the competent administrative authorities or any other related
departments regarding recovering the Premises, changing the use of the Premises, prohibiting access to the Premises, or requisitioning the Premises or the land. 

 During the term of the Contract, except for municipal planning, Party A cannot withdraw Party B’s right to use the Premises for the reason of any
personal or administrative decision; otherwise, Party A shall compensate Party B for any reasonable losses actually incurred by Party B. 
 In
case of any municipal planning that cannot be predicted by Party A, Party A shall timely (within three days after the receipt of the related notice) send a photocopy of the notice to Party B, and on the principle that it shall try its best to
preserve Party B’s business operation in the Premises, assist Party B in negotiating with the relocation agency as follows: 
  

	 	A.	Both parties shall persuade the relocation agency not to requisition the Premises or to provide another business premises with similar conditions in an adjacent area so that Party B
may continue its business operation; 

  

	 	B.	Where the aim of Paragraph A cannot be attained, Party A shall provide or help Party B find another business premises with similar conditions in an adjacent area so that Party B may
continue its business operation; 

  

	 	C.	Where the aim of Paragraph A or Paragraph B cannot be attained, any compensation for requisition of the Premises shall be shared between both parties on the basis of the proportion
of the original investments of Party A and Party B as well as the years the Premises has been used. 

  

	9.4	Party A may terminate the Contract before the expiry date and claim all its actual losses against Party B under any of the following circumstances: 

  

	 	A.	Party B delays rent payment for three months without Party A’s permission; 

  

	 	B.	Party B changes the use of the Premises without the prior consent of Party A; or 

  

	 	C.	Party B uses the Premises to engage in illegal activities, which are detrimental to public interests. 

 Party A shall notify Party B in writing when it terminates the Contract in accordance with this Section . Party B shall, within the notification
period (which shall be shorter than 30 days) vacate and return the Premises with the rent settled according to the actual period of lease. Party A may also choose not to terminate the Contract, but Party A still has the right to claim all its actual
losses against Party B. 
  

	9.5	Party B may terminate the Contract before the expiry date and claim all its losses against Party A under any of the following circumstances: 

  

	 	A.	Party A delays the delivery of the Premises for one month, or the Premises delivered are not in conformity with the technical requirements hereunder within 30 days;

  

	 	B.	Party A fails to complete the inspection and acceptance of the structures of the Premises within the prescribed period; or 

  

	 	C.	Party A violates its warranties or responsibilities, or breaches other provisions hereunder with the result that Party B cannot operate normally or Party B’s interest hereunder
incurs substantial damage. 

 Party B shall notify Party A in writing when it terminates the Contract in accordance with this
Section . Party A shall timely refund the balance of any amounts paid to Party B and the rent shall be settled according to the actual period of lease. Party B may also choose not to terminate the Contract, but Party B still has the right to
claim all its losses against Party A. 
 Article 10 Special Provisions 
  

	10.1	Considering that Party A has mortgaged the Premises and its land use right before entering into this contract to the Bank of China Beijing for a period from October 28, 2002 to
October 28, 2007, Party A guarantees to Party B that, as the owner of the Premises, Party A has the right to execute the Contract and Party B has the right to use the Premises according to the Contract,; Party B has obtained a consent from the
mortgagee before entering into the Contract ; if the mortgagee exercises its rights under the mortgage, and thus Party B’s use of the Premises is interfered with or affected or Party B incurs any losses, Party A shall compensate Party B for all
losses. 

  

	10.2	 Party B agrees to prepay the rent for the three-year period from September 1, 2007 to September 1, 2010. The rent for the first 18 months shall be paid
within 10 working days after the date of execution of this Contract; the prepaid rent for the following 12 months shall be paid within 10 working days after the expiry date of the rent-free period; the rest of the three-year rent 

	 	 
shall be prepaid by December 31, 2007. Party B shall make the actual prepayment to Party A in accordance with Clause 3.5 in Article 3. Both parties
agree that the prepayment made by Party B will first be used to pay off the debt of Party A to third parties with respect to the Premises. 

  

	 10.3
	 If the Contract is terminated before September 1, 2007 (the effective date of Contract), Party A shall return pre-paid rent in full. If the Contract is terminated between September 1, 2007 and August 31, 2027, Party A
shall deduct the rent due and return the remaining part of pre-paid rent to Party B. 

  

	10.4	The equipment and facilities that are built or purchased by Party B during the rent-free period and lease period shall belong to Party B, and Party A shall not claim any right to
them. 

  

	10.5	Party A is responsible for handling and obtaining the building ownership certificate for the Premises. 

  

	10.6	Party A agrees that, when the Premises and its land use right is free of mortgage, Party B has a priority right to purchase them at a price of RMB 32,000,000. If the mortgagee
exercises its right according to Clause 10.1, and thus Party A loses its ownership to the Premises, Party A shall actively coordinate with Party B to facilitate Party B’s entering into an agreement regarding transfer of the Premises with the
mortgagee, or to facilitate Party B’s cooperation with the mortgagee. 

  

	10.7	Party A agrees to let Party B use the equipment and facilities that are already provided by Party A, including ventilation ducts, refrigerator, heat exchange system, cold water
system, steel-structure facilities, experiment tables and office furniture, free of charge. If Party B does not intend to use the facilities, Party B can remove the facilities. 

  

	10.8	While Party B is using the Premises, Party A shall be liable for all the legal consequences arising out of Party A’s failure to complete the inspection and acceptance of the
Premises in time and obtain building ownership certificates, and Party A shall compensate Party B for any loss therefrom. 

 Article 11 Renewal and Disposal of Possessions upon Expiration 
  

	11.1	If Party B intends to renew the lease upon the expiration of the Contract, it shall submit its request of renewal to Party A three months prior to the expiration date. If Party A
continues to lease the Premises, Party B shall have priority to rent the Premises under equal conditions. 

  

	11.2	If the Contract is terminated before the expiry date or cancelled or expires, Party B shall remove and take away all its own equipment within three months provided that Party B
shall not purposefully damage or demolish the inherent structure of the buildings or remove its own equipment affecting the safety or appearance of the Premises (unless the removal is lawful and agreed to by Party A). With regard to the disposal of
public facilities, both parties may further negotiate. Anything not removed or taken away by Party B within the agreed period will be deemed to have been abandoned by Party B and shall be at the free disposal of Party A. 

 Article 12 Breach Liabilities 
  

	12.1	If Party A fails to deliver the Premises to Party B in time according to the technical requirements specified in the annex of the Contract and such delay exceeds 30 days, Party A
shall pay Party B a daily breach penalty in the amount of 3% of the rent of the current month. 

  

	12.2	If Party B delays any rent payment where Party A is faultless, Party B shall pay Party A a daily overdue penalty in the amount of 3% of the outstanding rent of the current month.

  

	12.3	Except for the termination provisions explicitly stipulated hereunder, any unilateral termination of the Contract will be deemed as a breach. The breaching party shall compensate
the other party for any losses arising from such early termination. 

  

	12.4	Apart from the above provisions, any party that breaches the Contract shall make corrections within 7 days after receiving notice from the other party. Unless otherwise stipulated
hereunder, if the breaching party fails to make corrections, the other party shall reserve the right to make a claim. 

 Article 13 Notice & Delivery 
  

	13.1	Any notice hereunder sent by one party to the other party must be in writing and will be deemed to have been received by the other party when it is delivered by hand or when the fax
is received. 

 Article 14 Dispute Resolution 
  

	14.1	Any dispute arising out of the performance of this Contract shall be settled by both parties through friendly negotiation; where the dispute cannot be settled through friendly
negotiation, either party may file a lawsuit in the people’s court that has jurisdiction. 

 Article 15 Contract
Effectiveness and other Provisions 
  

	15.1	For issues not clarified herein, both parties may negotiate and make supplementary agreements according to the applicable laws and regulations of China. The supplementary agreements
will have the same legal force as the Contract. 

  

	15.2	The annexes are an integral part of the Contract and have the same legal force as the Contract. 

  

	15.3	The contract will become effective upon execution by the legal representatives or authorized representatives of both parties. 

  

	15.4	The Contract is in quadruplicate, with the two parties holding two copies each. 

  

 Party A: China Bioway Biotech Group Co., Ltd. (seal) 
 Legal representative (authorized representative): /s/ 
 Date: June 4, 2007 
 Party B: Sinovac Biotech Co., Ltd. (seal) 
 Legal representative (authorized
representative): /s/ 
 Date: June 4, 2007

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