Document:

North Point Parkway Lease

  Exhibit 10.1
 SHOPPING CENTER FORM
LEASE
 THIS LEASE, is made and entered into as of this 24th day of March, 1998, between W. B. WIGGINS, JR., whose address is 3495 Piedmont Road, Building 11,
Suite 400, Atlanta, Georgia 30305 (hereinafter referred to as “Landlord”), and CNB Holdings, Inc. d/b/a CHATTAHOOCHEE NATIONAL BANK whose address is 7855 North Point Parkway, Suite 200, Alpharetta, Georgia 30022-4849 (hereinafter referred
to as “Tenant”).
 W I T N E S S E T H:
 That, in
consideration of the rents, covenants and conditions herein set forth, Landlord and Tenant do hereby covenant, promise and agree as follows:
 ARTICLE
I
 DEFINED TERMS
 1.1
The following terms wherever used herein shall have the following meanings:
 (a)
DEMISED PREMISES: Tenant’s building to be constructed by Landlord at its expenses as specified in this Lease on land described as Parcel A on
Exhibit A attached hereto, shall be 3,635 square feet of an approximately 20,000 square foot one story building, with the approximate dimensions and in the location as shown outlined in red on the plat attached hereto as Exhibit B.
 (b)
INITIAL TERM: FIVE (5) years, plus the part of a month, if any, from the date of
commencement of this Lease to the first day of the first full calendar month during the Initial Term.
 (c)
RENEWAL TERM: As specified in Paragraph 2.3 hereof.
 (d)
ANNUAL MINIMUM RENTAL: Tenant’s payment of rent shall commence on April 1, 1998. The base rental rate shall be $18.00 per square, provided, however, that for each
Renewal Term, the Annual Minimum Rental shall be adjusted as provided in Paragraph 2.3 hereof. In addition to the base rental rate, Tenant shall pay a portion of the annual operating expense, which shall be based on the Tenant’s pro-rata share
of common area maintenance, taxes and insurance as described in Article 16 of this Lease. Landlord estimates that Tenant’s contribution to annual operating expenses in the first year will be approximately Two and 75/100 Dollars ($2.75) per square foot.
 (e)
COMMENCEMENT OF CONSTRUCTION DATE:
November 1, 1997.
 (f)
ESTIMATED COMPLETION DATE (Delivery for Tenant’s buildout and fixturing): March 31, 1998.
 (g)
DATE OF OCCUPANCY: April 1, 1998.
  
 

  (h)
PERMITTED USE: The Premises shall be used
primarily for the operation of a banking facility, engaging in such activities as are normally permitted by O and I zoning for the City of Alpharetta.
 (i)
TENANT: The owner for the time being of the leasehold estate created by this Lease, whether it be the original Tenant, or any assignee under a valid
assignment, and if at any time more than one individual or firm comprises Tenant, such word shall mean such individuals and firms, jointly and severally.
 (j)
LANDLORD: The owner for the time being of the Demised Premises, whether it be the original Landlord or any successors-in-title, and if at any time
more than one individual or firm comprises Landlord, such word shall mean such individuals and firms, jointly and severally.
 ARTICLE II
 PREMISES AND TERM
 2.1
Premises. Subject to the terms and conditions hereof, Landlord does hereby demise unto Tenant and Tenant does hereby take from Landlord for the
lease term the Demised Premises, together with two twenty-eight (28’) foot driveway easements along the northern and western boundaries of Parcel A along with reasonable access, ingress and egress, and rights to joint use of such parking
areas, driveways, sidewalks and other common areas as Landlord shall provide from time to time on Parcel A, which rights shall be in common with Landlord and other Tenants claiming under Landlord.
Landlord hereby reserves the right at any time to make alterations or additions to the Demised Premises so long as such buildings are located in the area permitted for “Building” as shown on Exhibit B and to construct other buildings or
improvements in the development of which the Demised Premises are a part and to make alterations thereof or additions thereof. It is further understood between the parties, that from time to time, Landlord may grant tenants and owners of parcels
within his commercial complex the use of the driveways for ingress and egress to such parcels and sight for sharing of utilities, storm drainage, and surface water drainage. Said rights shall be superior to the rights of this Lease.
 2.2
Initial Term. The Initial Term of this Lease shall
commence upon the Date of Occupancy; provided, however, the term of this Lease may be extended as provided in Paragraph 2.3 hereof. The phrase “lease term”, as used in this Lease, shall be the Initial Term of this Lease and any Renewal
Term.
 2.3
Renewal Term. Tenant shall have the
option to extend the term of this Lease for Two (2) additional period(s) of Three ( 3 ) years (herein referred to as the “Renewal Term”), said
option(s) to be exercised by notice to Landlord not less than Six (6) months prior to the expiration of the Initial Term or existing renewal term hereof. All of the terms, covenants and provisions of
this Lease shall apply to the Renewal Term, except that the Annual Minimum Rental for the Renewal Term(s) shall be increased annually, based upon the “Consumer Price Index”, not
  
 
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  to be less than one and one-half percent (1 1⁄2 %) per year, or to exceed three percent (3%) per year (i.e., the Annual Minimum Rental
for the first year of the Renewal Term shall be calculated as follows: Initial Term Annual Minimum Rental x CPI).
 ARTICLE III
 RENTAL
 3.1
Annual Minimum Rental. Tenant shall, during the lease term pay to Landlord, at such place as Landlord shall designate in writing from time to
time, the Annual Minimum Rental, unless abated or diminished as hereinafter provided, in equal monthly installments on the first day of each month, in advance, commencing upon the first day of the lease term; provided, however, in the event the
first day of the lease term shall not be the first day of a calendar month, then the Annual Minimum Rental for such month shall be prorated upon a daily basis and shall be payable upon the Date of Occupancy. Notwithstanding anything contained herein
to the contrary, upon completion of Tenant’s build out and opening for business, Tenant shall be entitled to waive the next two (2) full month’s guaranteed minimum monthly rental.
 3.2
Interest on Past Due Rentals. As additional rental
hereunder, Tenant agrees to pay to Landlord interest on each installment of Annual Minimum Rental not paid by the tenth (10th ) of the month. Each such payment of additional rental shall he due on the first day of each month, shall be
calculated at twelve (12%) percent or less if the highest permissible rate of interest which may be charged is less, and shall be computed for the period commencing on the date on which such payment became due and ending on the date on which such
payment was actually made. The election by Landlord to collect interest on any past due payments of Annual Minimum Rental shall not constitute a waiver of Landlord’s right to declare a default for non-payment of rental hereunder. Failure of
Tenant to make payments of additional rental when required by this Paragraph 3.4 shall constitute an additional event of default hereunder.
 ARTICLE
IV
 CONSTRUCTION
 4.1
Construction of Improvements. Landlord, at its own cost, agrees to construct the building in the location as shown on the plot plan attached
hereto as Exhibit B and in accordance with the plans and specifications to be prepared by Landlord and its architects, and approved by both parties, as attached hereto as Exhibit C. The parking lot is to be well lit at night for the safety of
Tenant’s employees and customers, in accordance with the plans and specifications provided for in Exhibit C. Any work in addition to any of the items specifically enumerated in said Exhibit C shall be performed by the Tenant at its own cost and
expense in
  
 
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  accordance with plans and specifications to be submitted to Landlord for its approval prior to construction, which approval shall not be
unreasonably withheld. Notwithstanding anything to the contrary, Landlord shall provide an allowance for construction of the Tenant’s buildout and fixturing of $15.00 per rentable square foot below a semi-finished ceiling (2X2 acoustical
recessed grid ceiling system, stacked and ready for tenant to install along with 40 2X4 deep cell parabolic lighting stacked and ready for tenant to install), HVAC system consisting of four (4) three 3 ton units (not to include ductwork), electrical
system to the 200 amp panel in the rear of the space, and stubbing of the plumbing to the bathroom areas. Such allowance shall be dispersed as follows; 1) the first half of the funds shall be dispersed upon certification by Tenant that one-half
(1/2) of the total cost of Tenant’s work has been completed and 2) the balance paid upon completion of Tenant’s work and a
certificate of occupancy issued by the governing authority and Tenant shall open for business. Tenant shall promptly pay and not under any circumstances have the power to subject the Demised Premises or any part of the shopping center to any
mechanics’ or materialmen’s liens or liens of any kind.
 4.2
Time of Commencement and Completion of Construction. In the event that construction of the building shall have commenced, then regardless of the reason therefor, if said building and site improvements shall not have
been substantially completed ready for Tenant’s buildout and fixturing and possession thereof tendered to Tenant by March 31, 1998, herein after referred to as the Estimated Completion Date, then, Tenant shall, within ten (10) days after said
Estimated Completion Date, either (a) terminate this Lease by giving Landlord written notice of its intention to do so, or (b) extend the estimated completion date a reasonable period of time necessary to complete said construction, by giving
Landlord written notice of such extension. Notwithstanding anything contained herein to the contrary, in the event Tenant shall fail to exercise either (a) or (b) above, in writing, or Landlord shall not have completed construction of said building
and site improvements within six (6) months after the Estimated Completed Date, then either Landlord or Tenant, as the case may be, shall have the option of terminating this Lease by giving the other party written notice of its intention to do so.
Upon any termination pursuant to this Paragraph 4.2, this Lease shall immediately become null and void, and neither party shall have any further liability hereunder, except for obligations already accrued. The option to terminate granted hereby
shall be the sole remedy of Tenant for delay in completion by Landlord.
 Upon completion of Tenant’s building substantially in
accordance with the terms of this Lease and delivery thereof to Tenant, Tenant shall within ten (10) days thereafter execute and deliver to Landlord a written acceptance of the Demised Premises. If at the time Landlord shall request a written
acceptance of the demised premises, there shall remain incompleted work in accordance with the plans and specifications, then, provided that all other terms and conditions of the lease have been met. Tenant shall execute the letter of acceptance
subject to an itemized list of any such construction deficiencies.
  
 
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  4.3
Inducement. It is
understood between the Parties that Landlord has entered into this agreement based upon Tenant’s representation that prior to April 7, 1998, Tenant shall have secured all the necessary permits for the operation of a commercial bank on the
demised premises and further, that Tenant shall have competed the funding of approximately $10 million in equity financing for the operation of such bank. If for any reason, the above required inducements shall not have been completed by August 31,
1998, this Lease shall automatically terminate and neither party shall have any further rights under this Lease.
 In the event Tenant shall
have completed the above requirements by August 31, 1998, then Tenant shall be required to commence construction of Tenant’s interior build-out no later than August 31, 1998, failing which, Landlord shall have the right to terminate this Lease
on ten (10) days prior written notice.
 ARTICLE V
 WARRANTIES
OF LANDLORD
 5.1
Covenant of Title. Landlord
covenants, represents and warrants that it has full right and power to execute and perform this Lease and to grant the estate demised herein and that Tenant, on payment of the rent and performance of the covenants and agreements hereof, shall
peaceably and quietly have, hold and enjoy the Demised Premises and all rights granted herein during the lease term without molestation or hindrance of any person claiming by, through or under Landlord. If at any time during the term hereby demised
the title of Landlord shall fail or it be discovered that Landlord’s title does not permit Landlord to grant the term hereby demised, Tenant shall have the right to annul and void this Lease or to exercise any and all further rights and
remedies which may be available to Tenant at law or in equity. Anything to the contrary notwithstanding, prior to the exercise of any such remedy, Tenant shall give Landlord thirty (30) days prior written notice of such default, in which time to
cure the default. in the event Landlord has commenced curing of the default within such thirty (30) period, however, has not be able to cure the default, then Landlord shall be given an additional sixty (60) days within which to cure such
default.
 ARTICLE VI
 DATE OF OCCUPANCY AND
USE
 6.1
Advance Possession for Fixturing.
Prior to completion of improvements to be made by Landlord, Tenant shall have the right and privilege (but at its own risk) to enter upon the Demised Premises, construct the agreed upon Tenant improvements, to receive, store, and install its trade
fixtures in or on the Demised Premises, provided, however, that such construction and receiving, storing, and installing shall be in a manner that will not interfere with Landlord’s work and that Tenant’s liability insurance must be in
full force and effect. It is expressly
  
 
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  agreed that such action by Tenant shall not constitute acceptance of the Demised Premises as being completed as required
herein.
 6.2
Use of Demised Premises. Tenant
will use the Demised Premises for the Permitted Use only and for no other purpose without the prior written consent of Landlord. Tenant, at its sole expense, shall comply with all of the requirements of all municipal, state and federal authorities
now or hereafter in force pertaining to the use, occupation or alteration of Demised Premises. Tenant shall not commit waste or any nuisance. Tenant will not do any act or thing in the Demised Premises or permit the storage of any product therein
which shall cause a cancellation of any of Landlord’s insurance on the Demised Premises. If any use of the Demised Premises by Tenant or act therein causes Landlords insurance rates to be increased over the rates in effect for the Permitted Use
generally, Tenant will, on demand, pay to Landlord the amount of any such increase. Tenant further covenants that it will not (i) display any merchandise or maintain any stands in front of the Demised Premises or of the line of buildings in the
center, (ii) erect or maintain any barricade or scaffolding which may obscure the signs, entrance or show window of any other tenant in the center, or tend to interfere with any such other tenant’s business, (iii) create or maintain, or allow
others (including customers of Tenant) to create or maintain, any nuisances, including, without limiting the foregoing general language, loud noises, sound effects, offensive odors, and smoke, garage, trash, litter or dust in or about the Demised
Premises or the common areas adjacent to the Demised Premises, or (iv) install any equipment which will exceed or overload the capacity or any utility facilities located in or serving the Demised Premises.
 ARTICLE VII
 REPAIRS AND MAINTENANCE
 7.1
Landlord’s Repairs and Maintenance. Except as
provided in this Lease with respect to condemnation and damages caused by casualty, Landlord agrees to keep, repair and maintain all structural parts of Tenant’s building in good condition, and without limiting the generality of the foregoing,
to keep the exterior of the building (including the roof, exterior walls, foundations, gutters, downspouts, and sidewalk canopy), the common areas, sidewalks, paved areas, supply pipes for gas (if any) and water, drainage and sewer pipes (caused by
structural defects, but excluding ordinary stoppage), electrical wiring (but not any of the electrical or plumbing fixtures inside the Demised Premises) in good repair at all times. If any portion of the Demised Premises which is the responsibility
of the Landlord shall at any time be in need of repair, Landlord will promptly repair same upon receipt of written notice from Tenant to do so, except that the Landlord shall not be obligated to make or pay for any repairs to Tenant’s store
building rendered necessary by the fault, act or negligence of Tenant, or any of its servants, agents, employees or business invitees, except in the case of damage by fire or the elements, or other casualty covered by Landlord’s fire and
extended coverage insurance. Landlord agrees to keep the common areas clean, to remove
  
 
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  snow and ice therefrom, to keep such areas lighted during hours of darkness when stores generally are open for business, and to keep the
parking area properly paved, lighted and striped to assist in the orderly parking of cars. Temporary closings by Landlord of parking, walking and driveway areas for repairs, changes or other reasonable undertakings shall be permitted.
 7.2
Tenant’s Repairs and Maintenance. Tenant agrees to
keep the Demised Premises in good condition and repair, excepting structural repairs and all repairs which are the responsibility of the Landlord or which are made necessary by reason of fire and other unavoidable casualties, and excepting
reasonable wear and tear. Within such repair responsibilities of Tenant shall be included: the walls and ceiling (including the painting thereof); repair, maintenance and replacement of air conditioning and heating systems; the interior plumbing,
including any stoppages thereof; sprinkler systems; all windows and doors, both interior and exterior; replacement of any plate glass damaged or broken; lighting fixtures and interior wiring extending to and including the main circuit breaker
panels; and the normal upkeep and replacement of the floor surfacings or coverings. Tenant further agrees to pay the cost of the heat and air conditioning, to apply for all utilities to be used by it in the Demised Premises and pay all charges for
such utilities, including, without limitation, all water, gas, electricity and sewer charges. Structural changes, exterior alterations or additions to the Demised Premises may be made only with Landlord’s written consent. Tenant will not permit
any mechanic’s or materialmen’s or other liens to stand against the Demised Premise for any labor or material furnished Tenant in connection with alterations, repairs or work of any character performed on the Demised Premises by or at the
direction of Tenant. All repairs, restorations, alterations, additions, or payments (other than rental payments or monthly reimbursements) agreed upon in this Lease to be made shall be completed within reasonable time. Tenant shall keep the area
around its loading dock free from trash and debris and shall provide for any payment for trash removal from the Demised Premises.
 7.3
Landlord’s Access. Landlord shall at all reasonable times have access to the Demised Premises for the purpose of inspecting the Demised
Premises to determine whether Tenant is complying with the terms and conditions of this Lease and to determine whether Landlord needs to perform any work hereunder and to perform any such work.
 7.4
Loss or Damage of Tenant and Others. Landlord shall not
be liable for any damage to property of Tenant or of others located on the Demised Premises, nor for the loss of or damage to any property of Tenant or of others by theft or otherwise. Landlord shall not be liable for any injury or damage to persons
or properly resulting from fire, explosion, falling plaster, steam, gas, electricity, water, rain or snow or leaks from any part of the Demised Premises or from the pipes, appliances or plumbing works or from the roof, street or subsurface or from
any other place or by dampness or by any other cause of whatsoever nature. Landlord shall not be liable for any such damage caused by other tenants or persons in the Demised Premises, occupants of adjacent property, of the shopping center, or the
public, or caused by operations in construction of any private,
  
 
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   public or quasi-public work. All property of Tenant kept or stored on the Demised Premises shall be so kept or stored at the risk of
Tenant only and Tenant shall hold Landlord harmless from any claims arising out of damage to the same, including subrogation claims by Tenant’s insurance carrier, unless such damage shall be caused by the willful act or gross neglect of
Landlord.
 ARTICLE VIII
 CASUALTY
 8.1
Casualty Insurance. Landlord covenants and agrees that it
will at all times during the term of this Lease keep, or cause to be kept, Tenants building space on the Demised Premises insured by good and responsible insurance companies authorized to do business in the state in which the Demised Premises are
located, which companies shall be acceptable to the holder of any mortgage affecting the Demised Premises to which Landlord is a party, for protection against damage or destruction by fire and other perils embraced within the term “extended
coverage” in an amount not less than one hundred percent (100%) of the insurable value of the Improvements above foundation walls. Landlord shall not be liable for any damage to fixtures or merchandise of Tenant caused by fire or other
insurable hazards; Tenant does hereby expressly release Landlord of and from all liability for such damages. Tenant shall not be liable for any damages to the Demised Premises, or any part thereof, caused by fire or other hazards covered by
Landlord’s insurance, regardless of the cause thereof, and Landlord does hereby expressly release the Tenant of and from all liability for damages.
 8.2
Reconstruction. Should less than fifty (50%) percent of the cost of replacement of Tenant’s building space on the
Demised Premises be destroyed by fire or any other casualty covered by a standard extended coverage endorsement after the commencement of this Lease, Landlord shall promptly restore the same or cause the same to be restored without unnecessary
delay; provided, however, that if the Demised Premises should be damaged to the extent of more than fifty percent (50%) of the cost of replacement thereof, Landlord or Tenant may elect to terminate this lease, within ninety (90) days thereafter, by
giving the other written notice of their intent to terminate, failing which, the lease shall remain in full force and effect, and Landlord shall promptly restore the same or cause the same to be restored without unnecessary delay.
 During any period commencing upon the date of such damage or destruction and ending upon the “date of reoccupancy of Tenant,” the Annual
Minimum Rental and any other charges payable under this Lease (other than Percentage Rental) shall abate in the proportion that the part of Tenant’s buildings which shall be untenantable shall bear to the whole. The term “date of
reoccupancy by Tenant”, as used herein, shall be the first to occur of the following two dates: (a) the date upon which Tenant shall reopen for business in that part of Tenant’s buildings rendered untenantable by such damage or

 
 
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  destruction, or (b) the date which shall be thirty (30) days after the date of completion of the repairs, rebuilding and restoration
required of Landlord herein.
 ARTICLE IX
 EMINENT
DOMAIN
 9.1
Eminent Domain.
 (a)
In the event that all or substantially all of the Demised Premises shall be
appropriated or taken under the power of eminent domain by any public or quasi-public authority, this Lease shall terminate and expire as of the date of such taking, and Landlord and Tenant shall thereupon be released from any further liability
hereunder. In the event as much as twenty percent (20%) of the Demised Premises shall be appropriated or taken under the power of eminent domain by any public or quasi-public authority, Tenant shall have the right to cancel and terminate this Lease
as of the date of such taking upon giving Landlord written notice of such election within thirty (30) days after the receipt by Tenant from Landlord of notice that said premises have been so appropriated or taken. In the event of such cancellation,
Landlord and Tenant shall thereupon be released from any further liability under this Lease and the Annual Minimum Rental for the last month shall be appropriately prorated.
 (b)
If this Lease shall not be terminated as in this paragraph provided but shall
continue as to that portion of the Demised Premises which shall not have been appropriated or taken, then in that event Landlord, at its cost and expense, shall, as nearly as practicable, immediately restore the building on the land remaining to a
complete unit of like quality and character as existed prior to such appropriation or taking, and the Annual Minimum Rental shall proportionately abate during the period of restoration as provided in Paragraph 6.2 hereof, and thereafter the Annual
Minimum Rental shall be reduced in the ratio that the ground floor area of the Demised Premises after such taking bears to the ground floor area of the Demised Premises before such taking.
 (c)
In the event of any such taking, the entire award or compensation whether as
compensation for diminution in value to the leasehold or to the fee of the Demised Premises shall be paid to and belong to Landlord: provided, however, that any award made to Tenant for moving expenses or for the value of any trade fixtures and
equipment installed by or belonging to Tenant shall be paid to and belong to Tenant. Tenant at its sole election and expense may seek from the condemning party and receive a separate award for business loss, loss value of leasehold estate, and a
value of leasehold improvements incurred by or paid for by Tenant, so long as such separate claim does not diminish the total value of the award made for the Premises and Building.
  
 
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  ARTICLE X
 DEFAULT
 10.1
Remedies on Default. In the event (a) Tenant defaults in
paying any rental payments hereunder; or (b) Tenant defaults for thirty (30) days after written notice thereof in performing any other of its obligations hereunder; or (c) Tenant is adjudicated a bankrupt; or (d) a permanent receiver is appointed
for Tenant’s property, including Tenant’s Interest in the Demised Premised, and such receiver is not removed within sixty (60) days after written notice from Landlord to Tenant to obtain such removal; or (e) whether voluntarily or
involuntarily, Tenant takes advantage of any debtor relief proceedings under any present of future law, whereby the rent or any part thereof is, or is proposed to be reduced or payment thereof deferred, and such proceedings are not dismissed within
sixty (60) days after notice from Landlord; or (f) Tenant makes an assignment for benefit of creditors; or (g) the Demised Premises or Tenant’s effects or interest therein should be levied upon or attached under process against Tenant, and not
satisfied or dissolved within sixty (60) days after written notice from Landlord to Tenant to obtain satisfaction thereof; or (h) Tenant vacates the Demised Premises or fails to conduct its regular, routine business therein during normal business
hours for a period of more than thirty (30) days, then, and in any of said events, notwithstanding any former waiver, Landlord shall have the option to do any or the following (in addition to any not in limitation of any other remedy permitted by
law or by this Lease):
 (1)
Terminate this Lease, in which event Tenant
shall immediately surrender the Demised Premises to Landlord, but if Tenant shall fail to do so, Landlord may, in accordance with applicable law, without further notice and without prejudice to any other remedy Landlord may have for possession or
arrearages in rent, enter upon the Demised Premises and expel or remove Tenant and its effects, by force if necessary, without being liable to prosecution or any claim for damages therefor. Landlord shall have any and all remedies allowed to it
under Georgia law, but shall not be entitled to terminate the Lease and collect rent past the date of termination; or
 (2)
Without terminating this Lease re-enter the Demised Premises by summary proceedings or otherwise, and in any event may dispossess the Tenant, removing all persons and
property from the Demised Premises and such property may be removed and stored in a public warehouse or elsewhere at the cost of, and for the account of Tenant, all without service of notice or resort to legal process and without being deemed guilty
of trespass, or becoming liable for any loss or damage which may be occasioned thereby. In the event of such reentry, Landlord may relet the Demised Premises to such tenant or tenants for such term or terms as Landlord may elect, without being
obligated to do so, and in the event of a reletting shall apply the rent therefrom first to the payment of
  
 
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  Landlord’s expenses, including attorney’s fees incurred by reason of Tenant’s default, and the expense of reletting
including but not limited to the repairs, renovation or alteration of the Demised Premises, and then to the payment of rent and all other sums due from Tenant hereunder, Tenant remaining liable for any deficiency. Such deficiency shall be calculated
and paid monthly. No such re-entry or taking possession of the Demised Premises by Landlord shall be construed as an election on his part to terminate this Lease unless a written notice of such intention be given to Tenant or unless the termination
thereof be decreed by a court of competent jurisdiction. Notwithstanding any such reletting without termination, Landlord may at any time thereafter elect to terminate this Lease for such previous breach. It is expressly understood between the
parties, that except as stated above, it is the intention of the parties that Landlord may collect rent as each month’s rent becomes due, but shall not have any right to accelerate rent prior to termination.
 (3)
In addition, Landlord may, as agent of Tenant, do whatever Tenant is obligated to do
by the provisions of this Lease and may enter the Demised Premises, without being liable to prosecution or any claim for damages therefor, in order to accomplish this purpose. Tenant agrees to reimburse Landlord immediately upon demand for any
expenses which Landlord may incur in this effecting compliance with this Lease on behalf of Tenant, and Tenant further agrees that Landlord shall not be liable for any damages resulting to the Tenant from such action, unless caused by the negligence
of Landlord.
 ARTICLE Xl
 INDEMNIFICATION, LIABILITY AND
OTHER INSURANCE
 11.1
Demised Premises.
Tenant agrees to indemnify and save harmless Landlord from any claim or loss by reason of an accident or damage to person or property happening on or about the Demised Premises, or occasioned wholly or in part by any act or omission of Tenant or its
agents, contractors, invitees, licensees or employees. Tenant further agrees to carry, at its expense, public liability insurance coverage on the Demised Premises, in a company qualified to transact business in the state in which the Demised
Premises are located, stipulating limits of liability of not less than $250,000.00 for any accident affecting any one person; and not less than $1,000,000.00 for any accident affecting more than one person; and not less than $100,000.00 property
damage. All such policies shall contain endorsements waiving the Insurer’s rights of subrogation against Landlord for any reason whatsoever. Certificates of such coverage from the insurer providing thirty (30) days notice to Landlord prior to
cancellation or termination shall be furnished to Landlord.
 11.2
Common
Areas. Landlord shall indemnify and save harmless the Tenant from any claim or less by reason of any accident or damage to any person or property
  
 
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  happening on or about all entranceways, parking and driveway areas of the center and Landlord further agrees to carry public liability
insurance coverage on all such areas, in a company qualified to transact business in the state In which the Demised Premises are located, stipulating limits of liability of not less than $250,000.00 for an accident affecting any One person; and not
less than $1,000,000.00 for an accident affecting more than one person; and not less than $100,000.00 property damage. Certificates of such coverage from the insurer shall be furnished to Tenant upon written request.
 11.3
Plate Glass and Sprinkler Insurance. Tenant, at its sole
expense, shall obtain and continuously maintain during the Initial Term and all Renewal Terms hereof (i) a comprehensive glass insurance policy protecting all plate and other glass in the Demised Premises and (ii) sprinkler and water damage
insurance. Landlord shall be a named insured under such policies and all such insurance shall be placed in good and responsible companies acceptable to Landlord. At the commencement of the term hereof, certificates of such coverage from the insurers
providing thirty (30) days notice to Landlord prior to cancellation or termination shall be furnished to Landlord. Loss, if any, under such policies shall be payable to Landlord, and Landlord agrees that any policy proceeds received by it will be
held in trust and made available for repair or restoration of the damaged or destroyed property. Tenant shall have the right to self-insure its obligations under this paragraph 11.3.
 ARTICLE XII
 ASSIGNMENT, SUBLETTING AND RECAPTURE
 12.1
Assignment and Subletting by Tenant. Tenant may not
assign this Lease, nor sublet the Demised Premises, nor permit the Demised Premises to be occupied or used by third persons or entities, without the prior written consent of landlord; provided, however, that such consent shall not be unreasonably
withheld and that even if Landlord shall consent to any such assignment, Tenant shall remain liable and responsible under the Lease unless Landlord specifically agrees otherwise. Notwithstanding the foregoing, in the event Tenant shall desire to
assign the Lease or sublet more than forty (40%) percent of the Demised Premises, Tenant shall so notify Landlord in writing or its Intention prior to any such assignment or subletting. Landlord shall have fifteen (15) days from receipt of such
notice within which this Lease may be terminated by written notice to Tenant, failing which, Tenant shall be entitled to exercise its rights of assignment or sublet as provided for above in this Article 12.1. The proposed assignee or sublessee or
its business is subject to compliance with additional requirements of the law commonly known as the “American with Disabilities Act” beyond those requirements which are applicable to the tenant desiring to assign or sublease.
 12.2
Exclusives. For so long as Tenant is not in default
hereunder, and for so long as Tenant occupies and actively conducts its business from the Demised Premises in accordance with the terms of this Lease, Landlord will not lease or rent any other
  
 
12

  premises in the Office Center described in Exhibit A to any new tenant whose primary business is the operation of a commercial banking
facility. Anything contained herein to the contrary notwithstanding, it is expressly understood between the parties that Landlord intends to lease space in the Office Center to a stock brokerage firm which has the right to carry on activities as
normally are carried on in such along with the right to include residential and commercial mortgage loan activities. It is further understood between the parties, that for so long as Harry Norman Realtors, its affiliates, or assigns, are tenants in
the 20,000 square foot office building, that the Demised Premises shall not be operated by a Tenant whose primary business is the operation of a residential real estate brokerage office.
 12.3
Failure to Operate and Recapture. In the event (a)
Tenant shall cease to operate a business on the Demised Premises for the purpose herein demised for a period in excess of sixty (60) days, and shall fail to notify Landlord within said period of time In writing of its intentions to reopen the
premises for such purpose within a reasonable time, or (b) Tenant shall notify Landlord in writing of its intention to permanently close its business, then in either event, Landlord shall have thirty (30) days within which the Lease may be
terminated by written notice to Tenant. After said thirty (30) day period, if Landlord shall not so terminated this Lease, then Tenant shall be entitled to exercise its rights of assignment and sublet as provided for above in Article
12.1.
 12.4
Assignment by Landlord. Landlord may
assign by way of security or otherwise this Lease or any part hereof or any right hereunder without Tenant’s consent, and its entire rights under the Lease (other than a security assignment) shall relieve Landlord of any further obligation
hereunder, except for obligations accrued at the time of such assignment, if the assignee assumes and agrees to perform the obligations of the Landlord hereunder.
 ARTICLE XIII
 MORTGAGE SUBORDINATION
 13.1
Agreement to Subordinate. This Lease shall be and hereby is made subject and subordinate at all times to the lien or security title of any
mortgage granted by Landlord which may now or hereafter affect the real property of which the Demised Premises forms a part, and to all renewals, modifications, consolidations, participations, replacements and extensions thereof. While this
provision shall be self-executing, upon Landlord’s written request, Tenant agrees to execute and deliver, in recordable form, a separate written agreement, satisfactory to the holder of any such mortgage, evidencing such subordination,
provided, however, Landlord shall use its reasonable efforts to provide a nondisturbance agreement from Landlord’s mortgagee acknowledging and agreeing to the terms hereinafter specified in this Section 13.1. The term “mortgage” as
used in this Lease shall include deeds of trust and deeds to secure debt. Upon Tenant’s written request, Landlord will ask the holder of any 
  
 
13

  mortgage affecting the Demised Premises to agree, in writing, in recordable form, for itself, its successors and assigns, that the rights
of Tenant under the Lease shall not be terminated, and the possession of Tenant shall not be disturbed by any mortgagee or by any proceeding on the debt which any such mortgage secures, or by any person, firm or corporation whose rights were
acquired as a result of such proceeding or by virtue of a right or power contained in any such mortgage or the bond or note secured thereby and that any sale at foreclosure will be subject to this Lease, subject however, to the conditions requested
by such mortgagee as a prerequisite to the execution of such agreement. Tenant agrees that, in the event of foreclosure of any such mortgage or sale of the
Demised Premises under the power contained therein, Tenant will attorn to and accept the purchaser at any such sale as Landlord for the balance of the then remaining term of the Lease, subject to all of the terms and conditions.
 13.2
Notice to Mortgagee. If Landlord shall notify Tenant of
the placing of any mortgage against the Demised Premises, Tenant agrees that in the event of any act or omission by Landlord or any other occurrence which would give Tenant the right to terminate this Lease, to claim a partial or total eviction, or
to reduce any rental payments hereunder, Tenant shall not exercise any such right (a) until it has notified in writing the holder of any mortgage which at the time shall be a lien on the Demised Premises and of which it has notice, of such act or
omission (b) until a reasonable period, not exceeding thirty (30) days, for commencing the remedying of such act or omission shall have lapsed following the giving of such notice, and (c) Landlord or such holder, with reasonable diligence, shall not
have so commenced and continued to remedy such act or omission or cause the same to be remedied.
 ARTICLE XIV
 EXPIRATION OF TERM AND HOLDING OVER
 14.1
Expiration. At the expiration or earlier termination of the lease term Tenant shall surrender the Demised Premises, together with alterations,
additions and improvements then a part thereof, in good order and condition except for the following: ordinary wear and tear, repairs required to be made by Landlord, and loss or damage by fire, the elements and other casualty covered by insurance.
All furniture and trade fixtures installed in the Demised Premises at the expense of Tenant or other occupant shall remain the property of Tenant or such other occupant and shall be removed by Tenant upon the termination of the lease
term.
 14.2
Holding Over. In the absence of any
written agreement to the contrary, if Tenant should remain in occupancy of the Demised Premises after the expiration of the lease term, it shall so remain as a tenant from month-to-month and all provisions of this Lease applicable to such tenancy
shall remain in full force and effect.
  
 
14

  ARTICLE XV
 SIGNS
 15.1
Signs. Landlord may erect and maintain such signs as it,
in its sole discretion, may deem appropriate to advertise the shopping center of which the Demised Premises are a part. Tenant shall have the obligation to erect and maintain a sign on the building forming a part of the Demised Premises within
thirty (30) days after the opening of its store. It is understood that such sign shall be in harmony with the balance of the stores in the shopping center and comply with the standard sign criteria attached as Exhibit D hereto. Prior to erection of
any sign permitted hereunder, Tenant shall submit to Landlord a drawing of such proposed sign and obtain Landlord’s approval thereto, which approval shall not be unreasonably withheld. The cost of production, installation and maintenance of the
Tenant’s sign shall be the sole responsibility of the Tenant. Within nine (9) months following the Opening for Business. Landlord may provide a monument sign at no cost to Tenant for the Shopping Center. It is understood between the parties
that a Hotel may be located on the rear portion of Landlord’s property and in such event such hotel user will be entitled to a distinct and separate sign above Landlord’s monument sign. All such signs erected by Tenant shall comply with
all the requirements of public authorities having Jurisdiction with respect thereto, and Tenant will indemnify and save Landlord harmless from any claim or damage arising from or related to the
erection, maintenance or removal of such signs. Landlord reserves the right to permit other tenants in the center to place pylon-type or other signs, as Landlord deems fits, in the common area.
 ARTICLE XVI
 TAXES, OPERATING EXPENSES AND INSURANCE
 16.1
Reimbursement for Ad Valorem Taxes. In addition to the
rentals provided for in Article III hereof, Tenant shall pay to Landlord as additional rental “Tenant’s pro rata share” of all ad valorem taxes on the building and land of which the Demised Premises are a part, and all improvements
now or hereafter located thereon. For these purposes, “Tenant’s pro rata share of such taxes shall be that percentage which is determined by dividing the number or square feet of gross space in all buildings in the center into the number
of square feet of gross space in the Demised Premises. Tenant agrees to pay to Landlord on the first (1st) day of each calendar month such amounts as Landlord estimates from time to time as necessary to pay Tenant’s pro rata share of
such taxes. Landlord shall bill Tenant annually, after the end of each calendar year for Tenant’s pro rata share of such taxes, which bill shall set forth the method of calculation of such pro rata share. In the event that Tenant’s actual
pro rata share, as computed above, exceeds the aggregate amount paid by Tenant in the preceding year pursuant to this paragraph, Tenant shall, with the next installment of Annual Minimum Rental becoming due, pay such deficiency to Landlord. In the
event that the aggregate amount paid by Tenant in the preceding year shall exceed Tenant’s pro rata share
  
 
15

  of such costs for such year. Landlord shall pay such excess to Tenant at the time such bill is submitted to Tenant.
 16.2
Reimbursement for Maintenance of Common Areas. In
addition to the rentals provided for in Article III hereof, Tenant shall pay to Landlord as additional rent, “Tenant’s pro rata share” of the cost of maintaining the common areas of the center of which the Demised Premises are a part.
For these purposes, “Tenant’s pro rata share” of such costs shall be that percentage which is determined by dividing the number of square feet of gross space in all buildings in the canter into the number or square feet of gross space
in the Demised Premises: and the “cost of maintaining the common areas of the center” shall include all reasonable expenses incurred by Landlord (including, as an expense, amounts determined as reasonable in appropriate reserves for the
replacement of equipment not capital in nature) in operating, managing, equipping and policing the common areas, including, without limiting the generality of the foregoing, all costs incurred as a result of Landlord’s obligation with respect
to common area maintenance set forth in Paragraph 7.1, above, provided said costs shall not include items of a capital nature. Tenant agrees to pay to Landlord on the first (1st) day of each calendar month such amounts as Landlord
estimates from time to time as necessary to pay Tenant’s pro rata share of such costs. On or before the first (1st) day of June of each year, Landlord shall deliver to Tenant a statement, certified by the individual in the employee
of Landlord who is primarily responsible for the financial affairs involving the center, of the actual costs incurred in maintaining said common areas for the immediately preceding calendar year, together with a computation of Tenant’s pro rata
share of such costs. In the event that Tenant’s actual pro rata share, as computed above, exceeds the aggregate amount paid by Tenant in the preceding year pursuant to this paragraph, Tenant shall, with the next installment of Annual Minimum
Rental becoming due, pay such deficiency to Landlord. In the event that the aggregate amount paid by Tenant in the preceding year shall exceed Tenant’s pro rata share of such costs for such year, Landlord shall pay such excess to Tenant at the
time such statement is submitted to Tenant.
 16.3
Reimbursement for
Casualty and Public Liability Insurance. In additional to the rentals provided tar in Article III hereof, Tenant shall pay to Landlord as additional rent, “Tenant’s pro rata share” of the cost of maintaining
casualty and public liability insurance covering the center of which the Demised Premises are a part. For these purposes, “Tenant’s pro rata share” of such costs shall be that percentage which is determined by dividing the number of
square feet of gross space in all buildings in the center covered by the insurance policies maintained by Landlord into the number of square feet of gross space in the Demised Premises; and the “cost of maintaining casualty and public liability
insurance covering the center shall include all costs incurred by Landlord as a result of Landlord’s obligation with respect to casualty insurance set forth in Paragraph 8.1, above, and with respect to public liability insurance set forth in
paragraph 11.2, above, respectively. Tenant agrees to pay to Landlord on the first (1st) day of each calendar month such amounts as Landlord estimates from time to time as necessary to pay Tenant’s pro rata share of such costs. On or
before the first (1st)
  
 
16

  day of June of each year, Landlord shall deliver to Tenant a statement, certified by the individual in the employ of Landlord who is
primarily responsible for the financial affairs involving the center, of the actual costs incurred in maintaining said casualty and public liability insurance for the immediately preceding calendar year, together with a computation of Tenant’s
pro rata share of such costs. In the event that Tenant’s actual pro rata share, as computed above, exceeds the aggregate amount paid by Tenant in the preceding year pursuant to this paragraph, Tenant shall, with the next installment of Annual
Minimum rental becoming due, pay such deficiency to Landlord. In the event that the aggregate amount paid by Tenant in the preceding year shall exceed Tenant’s pro rata share of such costs for such year, Landlord shall pay such excess to Tenant
at the time such statement is submitted to Tenant.
 16.4
Tenant’s
Right to Review Books. Tenant shall have the right to audit Landlord’s record of expenditures referred to in paragraph 16.1, 16.2 and 16.3, provided such audit shall be at Tenant’s sole cost and expense. 

ARTICLE XVII
 MISCELLANEOUS
 17.1
Notices. All notices, elections, demands, requests and
other communications hereunder shall be in writing, signed by the party making the same and shall be sent by certified or registered United States mail, postage prepaid, addressee;
 To Landlord:
 W. B. Wiggins, Jr.
 c/o
Wiggins Associates
 3495 Piedmont Road
 Building 11, Suite
400
 Atlanta, Georgia 30305
 To Tenant:
 Chattahoochee National Bank
 7855 North Point Parkway
 Suite 200
 Alpharetta, Georgia 30022-4849
 or at such other address as may hereafter be designated in writing by either party hereto. The time and date on which mail is postmarked shall be the time and date on which such communication is
deemed to have been given.
 17.2
Brokerage.
Landlord shall indemnify and hold harmless Tenant against and in respect of any and all claims, losses, liabilities and expenses which may be asserted against Tenant by any broker or other person on the basis of any 
  
 
17

  arrangements or agreements made or alleged to have been made by or on behalf of Landlord in respect of the transactions herein
contemplated. Tenant shall indemnify and hold harmless Landlord against and in respect of any and all claims, losses, liabilities and expenses which may be asserted against Landlord by any broker or other person on the basis of any arrangements or
agreements made or alleged to have been made by or on behalf of Tenant in respect of the transactions herein contemplated. Landlord acknowledges that Heritage Commercial Realty, Inc. has acted as agent for the Tenant in this transaction and not as
the agent of the Landlord. Landlord shall pay the brokerage commission to Heritage Commercial Realty, Inc. in accordance with a separate agreement.
 17.3
Equitable Remedies. Except as specifically otherwise provided, the parties agree that their obligations hereunder shall
be enforceable by specific performance, and that Landlord and Tenant shall be entitled to restraint by injunction of the violation or attempted or threatened violation of any of the terms, covenants, conditions, provisions or agreements of this
Lease. Except where stated to be exclusive or sole, the specified remedies to which the parties may resort under the terms of this Lease are cumulative and are not intended to be exclusive of any other remedies or means of redress to which either
party may be lawfully entitled in case of any breach or threatened breach of any provision of this Lease.
 17.4
No Waiver. The failure by either party to insist in any one or more cases upon the strict performance of any of the terms, covenants, conditions,
provisions or agreements of this Lease shall not be construed as a waiver or a relinquishment for the future of any such term, covenant, condition, provision or agreement.
 17.5
Entire Agreement. This Lease and any written amendments
thereof contains the entire agreement between the parties hereto, and no promises, agreements, conditions or stipulations not contained herein shall be binding upon either party hereto.
 17.6
(a) Landlord’s Right to Cure.
In the event Tenant should fail to perform any of its obligations hereunder, in addition to any other remedies provided hereunder or by law, Landlord shall have the right, at its option, to perform such obligations on behalf of Tenant at any time
following ten (10) days’ prior written notice to Tenant (except in cases of emergency when no notice shall be required). In such event, Tenant shall pay the Landlord, as additional rental hereunder, all costs and expenses so incurred by
Landlord including reasonable attorney’s fees upon demand. All such amounts shall bear interest at the rate of eight percent (8%) from the date such amounts are incurred until paid.
 17.6
(b) Tenant’s Right to Cure. In
the event that Landlord shall fail to perform any of it’s obligations hereunder, (including making repairs), it is required to make and provide services it is required to provide, pursuant to the terms of this Lease, after having been duly
notified by Tenant in writing sent by certified mail and given thirty (30) days within which to commence and substantially perform said repairs or replacements or provide said services, then Tenant shall have the right to make such repairs or
provide such services and to deduct the cost thereof and 
 
18

  expenses so incurred in connection therewith from future accruing rents hereunder, or may otherwise recover the same from
Landlord.
 17.7
Captions. The captains and
headings throughout this Lease are for convenience and reference only, and the words contained therein shall in no way be held or deemed to define, limit, described, explain, modify, amplify or add to the interpretation, construction or meaning of
any provision of or the scope or intent of this Lease, nor in any way affect this Lease.
 17.8
Successors and Assigns. This Lease, and each and every provision hereof, shall be binding upon and shall inure to the benefit of Landlord and
Tenant, their respective successors, successors-in-title, legal representatives, heirs and assigns, and each party hereto agrees, on behalf of itself, its successors, successors-in-title, legal representatives, heirs and assigns, to execute any
instruments which may be necessary or appropriate to carry out and execute the purposes and intentions of this Lease, and hereby authorizes and directs its successors, successors-in-title, legal representatives, heirs and assigns, to execute all
such instruments. Each and every successor in interest to any part hereto, whether such successor acquires such interest by way of gift, purchase, foreclosure, or by any other method, shall hold such interest subject to all of the terms and
provisions of this Lease.
 17.9
Severability. In
the event any provision of this Lease is held to be invalid or unenforceable, such invalidity or unenforceability shall not affect the validity or enforceability of any other provision hereof.
 17.10
Modification. No change or modification of this Lease
shall be valid or binding upon the parties hereto unless such change or modification shall be in writing and signed by the party against whom the same is sought to be enforced.
 17.11
Status of Lease. Landlord and Tenant each agree to
certify in writing the status of this Lease and the rental payable hereunder, at any time, upon ten (10) days’ written notice. Such certificate shall be in a form reasonably satisfactory to any governmental authority or public agency or to a
prospective purchaser from, or assignee or sublessee of, or holder of a security instrument executed by Landlord or Tenant, as the case may be. In addition to any other matters required, such certificate shall certify the commencement date of the
lease term and the anticipated termination date thereof, whether or not this Lease is in full force and effect; whether or not this Lease has been amended or modified, and if so, in what manner; the date through which rental payments have been made;
whether or not there are any known defaults under this Lease, and if so, specifying the particulars of such default and the action required to remedy it; and whether or not there are any set-offs against or defenses to the enforcement of the terms
and conditions of this Lease, and if so, specifying the particulars of such sell-offs or defenses.
 17.12
Short Form. Landlord and Tenant agree, upon the request of the other, to execute and deliver
a short form or memorandum of this Lease for recording purposes.
  
 
19

  17.13
Delay. If Landlord
or Tenant is delayed or prevented from performing any of its obligations under this Lease by reason of strike or labor troubles or any outside cause whatsoever beyond Landlord’s or Tenant’s reasonable control, the period of such delay or
such prevention shall be deemed added to the time herein provided for the performance of any such obligations by Landlord or Tenant.
 17.14
Applicable Law. This Lease shall be governed by and construed in accordance with the laws of the State of Georgia.
 17.15
Rules and Regulations. The rules and regulations, if
any, appended to this Lease are hereby made a part of this Lease, and Tenant agrees to comply with and observe the same. Tenant’s failure to keep and observe said rules and regulations shall constitute a breach of the terms of this Lease in the
manner as if the same were contained herein as covenants. Landlord reserves the right from time to time to amend or supplement said rules and regulations, if any, or (if none are appended) to make rules and regulations, and to adopt and promulgate
additional rules end regulations applicable to the Demised Premises and the shopping center. Notice of such additional rules and regulations, and amendments and supplements, if any, shall be given to Tenant, and Tenant agrees thereupon to comply
with and observe at such rules and regulations, and amendments thereto.
 17.16
Rider. Intentionally Deleted.
 17.17
Exculpation. Tenant agrees that Tenant shall look solely to Landlord’s interest in the shopping center property of which the Demised Premises are a part and Landlord’s personal property used in connection
therewith for the satisfaction of any claim, judgment or decree requiring the payment of money by Landlord based on any default hereunder, and no other property or assets of Landlord, its affiliates, successors, partners, shareholders, subsidiaries,
or assigns, shall be subject to levy, execution or other enforcement procedures for the satisfaction of any such claim, judgment, injunction or decree.
 17.18
 Parking Stipulations. Landlord and Tenant agree that Tenant designate three (3) parking spaces in
an area immediately to the front Tenant’s demised premises which Tenant may at its own expense paint the designation “Reserve Chattahoochee”. Landlord shall likewise have the right to designate Reserve Parking for other Tenants in the
Office Center, provided such spaces should not exceed one (1) space per 1,000 square feet of lease space. Other than as stated above, the Parties understand and agree that the other spaces in the Office Center shall be used in common with other
tenants located in the Office Center.
 17.19
Hazardous
Materials. The Landlord has made sufficient inquiry as to the presence of any hazardous or toxic materials on the property. Under no circumstances shall Tenant have any responsibility, liability or any indemnification duty
for any hazardous materials on the property, unless directly placed on the Premises by Tenant. Landlord and Tenant shall each indemnify and
  
 
20

  hold harmless the other for liability and damages proximately caused by acts of negligence of the other in accordance with the provisions
of Georgia law.
 17.20
Attorney’s Fees.
Should Landlord fail to perform any of its covenants under this Lease, Tenant shall be entitled to recover, in addition to any and all other remedies provided under Georgia law, (a) attorneys fees equal to the gross or full amount of such attorneys
fees and all expenses in connection therewith, or fifteen percent (15%) aggregate amount to be collected by or to any attorney at law, and (b) interest at the rate of eighteen percent (18%) per annum aggregate amounts ought to be
collected.
 Should Tenant fail to perform any of its covenants under this Lease, Tenant shall be entitled to recover, in addition to any
and all other remedies provided under Georgia law, (a) attorneys fees equal to the gross or full amount of such attorneys fees and all expenses in connection therewith, or fifteen percent (15%) aggregate amount to be collected by or to any attorney
at law, and (b) interest at the rate of eighteen percent (18%) per annum aggregate amounts ought to be collected.
 17.21
Consent of Landlord and Tenant. Wherever and whenever in this Lease any written consent or prior consent of the Landlord is required, such written
consent or prior written consent shall not be unreasonably withheld. Wherever and whenever in this Lease any written consent or prior consent of the Tenant is required, such written consent or prior written consent shall not be unreasonably
withheld.
 17.22
Cancellation Provision. The
Lease shall contain a provision whereby Tenant may cancel the Lease at any time after the 16th month on the Lease by giving Landlord ninety (90) days written notice, and by paying four (4) months’ extra rent and the unamortized portion of Landlord’s contribution to Tenant’s improvements ($15.00 per square foot) based on a sixty (60) month term commencing from the date of April 1, 1998. The four (4) month rental
amount shall decline on a pro rata basis over the period of the remaining thirty-six (36) months.
  
 
21

  IN WITNESS WHEREOF. Landlord and Tenant have caused this Lease to be executed under seal the day and year first above written.

 

	 WITNESSES:
 	  
 	 LANDLORD: W. B. WIGGINS, JR.
 
	  
 	  
 	  
 
	 Cynthia C. Harris
 	  
 	 By:
 	  W. B. WIGGINS,
JR.
 
	 
 	  
 	  
 	 
 
	  
 	  
 	  
 
	  
 	  
 	 Its:
 	  
 
	 
 	  
 	  
 	 
 
	  
 	  
 	  
 
	 WITNESSES:
 	  
 	 TENANT: CNB HOLDINGS, INC. d/b/a CHATTAHOOCHEE NATIONAL BANK
 
	  
 	  
 	  
 
	 Teresa Connors
 	  
 	 By: 
 	  H. N. PADGET, JR.
 
	 
 	  
 	  
 	 
 
	  
 	  
 	  
 
	  
 	  
 	 Its: 
 	  President and CEO
 
	 
 	  
 	  
 	 
 
	  
 	  
 	  
 
	  
 	  
 	 Attest: 
 	  VALERIE A. DONNELL
 
	  
 	  
 	  
 	 
 
	  
 	  
 	  
 
	  
 	  
 	 Its: 
 	  CFO
 
	  
 	  
 	  
 	 
 
					

  
 
22

  EXHIBIT “A”
 [Parcel
A]
  
 

  EXHIBIT “B”
 [Map of
Premises]
  
 
2

  EXHIBIT “C”
 Plans and Specifications titled Office
Building @ Mansell Road & North Point Parkway, 7855 NorthPoint Parkway, Alpharetta, Georgia prepared by Ogram/Ozell Architects, Inc.
 Original Date 8/27/97, revised 10/9/97
 Index
  

	 Architectural
 	  
 	  
 
	 AO.1 
 	  
 	 Cover Sheet
 
	 A1.l  
 	  
 	 Site Plan
 
	 A2.1  
 	  
 	 Floor Plan
 
	 A2.2  
 	  
 	 Roof Plan
 
	 A3.1  
 	  
 	 Elevations
 
	 A4.1  
 	  
 	 Sections
 
	 A4.2  
 	  
 	 Sections
 
	 A4.3  
 	  
 	 Sections
 
	 A5.1  
 	  
 	 Details
 
	 A5.2  
 	  
 	 Details
 
	 A5.3  
 	  
 	 Details
 
	 Structural
 	  
 	  
 
	 S1.1  
 	  
 	 General Notes
 
	 S2.1  
 	  
 	 Foundation Plan
 
	 S3.1  
 	  
 	 Roof Framing Plan
 
	 S4.1  
 	  
 	 Sections & Details
 
	 S5.1  
 	  
 	 Sections & Details
 
	 S6.1  
 	  
 	 Sections & Details Mechanical
 
	 Mechanical
 	  
 	  
 
	 M1.1  
 	  
 	 Shell Floor Plan - HVAC
 
	 Plumbing
 	  
 	  
 
	 P1.1   
 	  
 	 Shell Floor Plan - Plumbing
 
	 Electrical
 	  
 	  
 
	 SE-1.1
 	  
 	 Site Plan - Electrical
 
	 E-1.1  
 	  
 	 Floor Plan - Electrical
 
	 E-2.1  
 	  
 	 Schedules & Details
 

 Civil Drawings titled Site Development for
Pod 1 Regency Park/Mansell Crossings - LDP #D9777 dated August 26, 1997 prepared by John Ware and Associates
  

	 C.1     
 	  
 	 Site Plan
 
	 C.2     
 	  
 	 Grading Plan
 
	 C.3     
 	  
 	 Erosion Control Plan
 
	 C.4     
 	  
 	 Storm Sewer Profiles
 
	 C.5     
 	  
 	 Details
 
	 C.6     
 	  
 	 Details
 

  
 

   

	 SE 1.1
 	  
 	 Site Electrical
 
	 LA.1  
 	  
 	 Landscaping Plan
 
	 C.7     
 	  
 	 Water & Sewer Service Site Plan
 
	 C.8     
 	  
 	 Grinder Pump Stations Details & Specifications
 
	 C.9     
 	  
 	 Water & Sewer Service Miscellaneous Details & Notes
 

 
 
2Brookside Parkway Lease

  Exhibit 10.2
 CHATTAHOOCHEE NATIONAL
BANK
 OFFICE LEASE
TABLE OF CONTENTS
  

	 SECTION
 	 PAGE
 
	  
 	  
 
	 
LEASED PREMISES
 	 1
 
	  
 	  
 
	 
TERM
 	 1
 
	  
 	  
 
	 
RENTAL
 	 1
 
	  
 	  
 
	 
OPERATING EXPENSES
 	 2
 
	  
 	  
 
	 
SECURITY DEPOSIT
 	 4
 
	  
 	  
 
	 
COMPLETION OF IMPROVEMENTS
 	 5
 
	  
 	  
 
	 
DELAY IN DELIVERY OF POSSESSION
 	 5
 
	  
 	  
 
	 
USE OF LEASED PREMISES
 	 5
 
	  
 	  
 
	 
ACCEPTANCE OF PREMISES
 	 6
 
	  
 	  
 
	 
ALTERATIONS, MECHANICS’ LIENS
 	 6
 
	  
 	  
 
	 
WASTE AND QUIET CONDUCT
 	 7
 
	  
 	  
 
	 
FIRE INSURANCE, HAZARDS
 	 7
 
	  
 	  
 
	 
LIABILITY INSURANCE
 	 7
 
	  
 	  
 
	 
INDEMNIFICATION BY TENANT
 	 8
 
	  
 	  
 
	 
WAIVER OF CLAIMS
 	 8
 
	  
 	  
 
	 
LANDLORD’S REPAIRS
 	 9
 
	  
 	  
 
	 
TENANT’S REPAIRS
 	 9
 
	  
 	  
 
	 
SIGNS, LANDSCAPING
 	 10
 
	  
 	  
 
	 
ENTRY BY LANDLORD
 	 10
 
	  
 	  
 
	 
SERVICES
 	 10
 
	  
 	  
 
	 
ABANDONMENT
 	 12
 
	  
 	  
 
	 
DESTRUCTION
 	 12
 
	  
 	  
 
	 
ASSIGNMENT AND SUBLETTING
 	 13
 
	  
 	  
 
	 
INSOLVENCY OF TENANT
 	 14
 

  
 

   

	 
BREACH BY TENANT
 	 14
 
	  
 	  
 
	 
ATTORNEYS’ FEES/COLLECTION CHARGES
 	 15
 
	  
 	  
 
	 
CONDEMNATION
 	 15
 
	  
 	  
 
	 
NOTICES
 	 16
 
	  
 	  
 
	 
WAIVER
 	 16
 
	  
 	  
 
	 
EFFECT OF HOLDING OVER
 	 16
 
	  
 	  
 
	 
SUBORDINATION
 	 16
 
	  
 	  
 
	 
ESTOPPEL CERTIPICATE
 	 17
 
	  
 	  
 
	 
PARKING
 	 17
 
	  
 	  
 
	 
MORTGAGE PROTECTION
 	 18
 
	  
 	  
 
	 
RULES AND REGULATIONS
 	 18
 
	  
 	  
 
	 
RELOCATION
 	 18
 
	  
 	  
 
	 
COMMISSION AGREEMENT
 	 18
 
	  
 	  
 
	 
MISCELLANEOUS PROVISIONS
 	 19
 
	  
 	  
 
	 EXHIBITS
 	  
 
	  
 	  
 
	 EXHIBIT A                 SITE PLAN

	  
 
	 EXHIBIT B                 FLOOR PLAN

	  
 
	 EXHIBIT C                 RULES AND
REGULATIONS
 	  
 
	 EXHIBIT D                 TENANT’S
ACCEPTANCE OF PREMISES
 	  
 
	 EXHIBIT E                 SPECIAL
STIPULATIONS
 	  
 

 
  
 
2

  
STATE OF GEORGIA
 FULTONCOUNTY
 This Lease Agreement, made this
29th day of October, 1999, by and between DUKE-WEEKS REALTY LIMITED PARTNERSHIP, an Indiana limited partnership, hereinafter referred to as “Landlord”, and CHATTAHOOCHEE NATIONAL BANK, hereinafter referred to as “Tenant”;
 WITNESSETH:
 LEASED PREMISES
 1.01
Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, the space hereinafter referred to as the LEASED PREMISES, described as
approximately 7,296 sq. ft. of office space designated as Suite 100 and shown on Exhibit “B”, in the office building located at 3625 Brookside Parkway, Alpharetta, Georgia 30022-4434 (hereinafter referred to as the “Building”).
The Property upon which the Building is located is more particularly described on Exhibit “A” attached hereto and by this reference made a part hereof (hereinafter referred to as the “Property”).
 
TERM
 2.01
TO HAVE
AND TO HOLD said Leased Premises for a term of five (5) years, commencing on February 1, 2000, and continuing until midnight on January 31, 2005, upon the following terms, conditions, and covenants:
 
RENTAL
 3.01
As
rental for the Leased Premises, Tenant agrees to pay Landlord, without offset or abatement, Base Rental as set forth below:
  

	 February 15, 2000-February 19, 2002
 	  
 	 $12,099.20/month
 	  
 	 $145,190.40/year
 	  
 
	 February 15, 2002-February 19, 2003
 	  
 	 $12,464.00/month
 	  
 	 $149,568.00/year
 	  
 
	 February 15, 2003-February 19, 2004
 	  
 	 $12,840.96/month
 	  
 	 $154,091.52/year
 	  
 
	 February 15, 2004-February 19, 2005
 	  
 	 $13,224.00/month
 	  
 	 $158,688.00/year
 	  
 

 
 due on or before the first day of each calendar month
beginning on February 1, 2000 and thereafter for the remainder of the term, together with any other additional rental as hereinafter set forth. Tenant shall pay interest at a rate of twelve percent (12%) per annum on all late payments of rent.
Provided that Tenant is not otherwise in default, Tenant shall not be charged interest on one late payment per lease year provided that such payment is made within ten (10) clays of the date due. If the Lease shall commence on any date other than
the first day of a calendar month, or end on any date, other than the last clay of a calendar month, rent for such
  
 

  month shall be prorated. Tenant has deposited with Landlord, upon delivery of this Lease Agreement, an amount equal to Twelve Thousand Ninety Nine and 20/100 ($12,099.20) which is to be applied toward first month’s Base Rental, plus a refundable security deposit equal to Thirteen Thousand Two Hundred Twenty Four and 00/100 ($13,224.00) as set forth in Paragraph 5.01.
 
OPERATING EXPENSES
 4.01
In addition to the Base Rental payable by Tenant in accordance with Paragraph 3.01 of this Lease, Tenant shall pay monthly to Landlord on the same due date as the Base Rental the sum (hereinafter referred to as the “Additional
Rent”) calculated in accordance with the following:
 (a)
As used in this Lease, the following definitions shall apply:
 (i)
“Calendar Year” shall mean any period during the Term of this Lease commencing on January 1 and ending on the next following December
31.
 (ii)
“Base Year” shall mean the Calendar Year during which
the Term commences.
 (iii)
“Building” shall mean the Property and
the Building and other structures, improvements, fixtures and appurtenances now or hereafter placed, constructed or erected thereon.
 (iv)
“Pro Rata Share” shall equal 5.47%; provided, however, that in the event that the amount of space leased by Tenant shall increase or decrease subsequent to the
commencement date of the Term, whether pursuant to an option to expand or otherwise, the Pro Rata Share shall be appropriately adjusted by Landlord.
 (v)
“Operating Expenses” shall mean any and all costs, expenses and disbursements of every kind and character (subject to the limitations set
forth below) which Landlord shall incur, pay or become obligated to pay in connection with the ownership of any estate or interest in the Building or the operation, maintenance, repair, replacement and security of the Building determined in
accordance with generally accepted accounting principles consistently applied, including, but not Limited to, the following:
 (A)
Wages and salaries of all employees engaged in the operation, repair, replacement, maintenance, and security of the Building, including taxes, insurance, and benefits
relating thereto.
 (B)
All supplies and materials used in the operation,
maintenance, repair, replacement, and security of the Building.
  
 
2

  (C)
Cost of all utilities including gas, water,
telephone, telegraph, power, heating, lighting, air-conditioning and ventilating the Building.
 (D)
Cost of all maintenance arid service agreements on equipment, including alarm service, window cleaning and elevator maintenance.
 (E)
Cost of casualty, liability and other insurance applicable to the Building or
Landlord’s personal property used in connection therewith.
 (F)
All
taxes and assessments and governmental charges, whether federal, state, county or municipal, and whether they be by taxing districts or authorities presently taxing or by others, subsequently created or otherwise, and any other taxes and assessments
imposed upon or attributable to the Building, its operation or the Base Rental or Additional Rent without reference to other income of the Landlord.
 (G)
Cost of repairs, replacements, and general maintenance of the Building.
 (H)
Cost of service or maintenance contracts with independent contractors for the
operation, maintenance, repair, replacement, or security of the Building.
 (I)
Cost of maintaining accounting books and records.
 (J)
Costs of
contractual management fees and other costs directly related to the on-site management of the Building.
 (I)
Cost of janitorial services, trash, garbage, snow and ice removal; servicing, replacing, equipping and maintenance of all electrical, security and fire alarms, fire pumps,
sprinkler systems and fire extinguishers and hose cabinets; painting; window cleaning and landscaping and gardening.
 (L)
Capital expenditures required by any governmental or regulatory authority, and capital expenditures for energy related equipment or fire and safety equipment.
 Specifically excluded from the definition of the term “Operating Expenses” are expenses for repairs, replacements and general maintenance to the extent paid by proceeds of insurance
or by Tenant or other third parties and alterations attributable solely to tenants of the Building other 
  
 
3

  than Tenant; interest, amortization or other payments on loans to Landlord whether secured or unsecured; depreciation of the Building; leasing commissions;
legal expenses; salaries of officers, executives, employees and agents not directly involved in the on-site operation of the Building; and state, federal or local income taxes, excess profits or franchise taxes or other such taxes imposed on or
measured by or determined from the gross income of Landlord.
 (b)
The actual amount of Additional Rent payable shall be an amount equal to the product obtained by multiplying the Pro Rata Share times the
remainder obtained by subtracting the Operating Expenses for the Base Year from the Operating Expenses for the Calendar Year in question (provided, however, in no event shall the amount so determined be less than zero). In the event that the
Building is not fully occupied during the Base Year, the Landlord shall compute the Operating Expenses for the Base Year as though the Building were fully occupied.
 (c)
On or before December 31st of each Calendar Year during the Term, or as soon thereafter as practicable, Landlord shall
give Tenant written notice of its estimate of the Additional Rent for the next ensuing Calendar Year, Commencing in the first (1st) month of the ensuing Calendar Year, or as soon thereafter as Landlord shall invoice Tenant, Tenant shall pay to
Landlord one-twelfth (1/12) of such estimated Additional Rent. If notice of Landlord’s estimate of Additional Rent is not given prior to December 31, during the next Calendar Year
Tenant shall continue to pay the monthly payment based on the Additional Rent computed for the previous Calendar Year until the month after such notice is given.
 (d)
As soon as practicable after the close of each Calendar Year, Landlord shall deliver to Tenant a final statement of the
Additional Rent for the immediately preceding Calendar Year and such statement shall be final and binding upon Landlord and Tenant. If such statement shows an amount owing by Tenant that is less than the payments actually made by the Tenant for the
immediately preceding Calendar Year, Tenant shall be credited for such excess against the next monthly payments of Additional Rent, If such statement shows an amount owing by the Tenant that is more than the payments actually made by the Tenant for
the immediately preceding Calendar Year, Tenant shall pay the deficiency to Landlord within ten (10) days after delivery of the statement.
 
SECURITY DEPOSIT
 5.01
As additional security for the full and prompt performance by the Tenant of the terms and covenants of this Lease Agreement, Tenant has deposited with the Landlord the sum of Thirteen Thousand Two Hundred Twenty Four and 00/l00 ($13,224.00)
Dollars. This security deposit may not be deemed by Tenant to constitute rent for any month. If Tenant defaults with respect to any provision of this Lease Agreement, including, but not limited to the provisions relating to the payment of rent,
Landlord may (but shall not be required to) use, apply or retain all or any part of this security deposit for the payment of any rent or any other sum in default, or for the payment of any amount which Landlord may spend or become obligated to spend
by reason of Tenant’s default, or to compensate Landlord for any other loss or damage which Landlord may suffer by reason of Tenant’s default. If any portion of said deposit is so used or applied, Tenant shall within five (5) days after
written demand therefor, deposit cash with Landlord in an amount sufficient to restore the security deposit to its original amount and 
  
 
4

  Tenant’s failure to do so shall be a material breach of this Lease Agreement. Landlord shall not be required to keep this security deposit separate from
its general funds, and Tenant shall not be entitled to interest on such deposit. If Tenant shall fully and faithfully perform every provision of this Lease to be performed by it, the security deposit or any balance thereof shall be returned to
Tenant (or, at Landlord’s option, to the last assignee of Tenant’s interest hereunder) at the expiration of the Lease term. In the event of termination of Landlord’s interest in this Lease Agreement, Landlord shall transfer said
deposit to Landlord’s successor in interest.
 
COMPLETION OF IMPROVEMENTS
 6.01
As consideration for Tenant’s performance of all obligations to be performed by Tenant under this Lease, Landlord shall contribute $18.00
per square foot contained in the Leased Premises, (the sum of $131,328.00) (the “Allowance”) towards the cost of tenant improvements to the Leased Premises. The Allowance shall be used for alterations, improvements, fixtures and equipment
which become part of or are attached or affixed to the Leased Premises, including walls, wall coverings and floor coverings, but excluding trade fixtures, furniture and furnishings or other personal property. In the event the cost of tenant
improvements exceeds the cost of tenant improvement Allowance, the excess shall be paid by Tenant within thirty (30) days of Tenant’s receipt of Landlord’s notice.
 
DELAY IN DELIVERY OF POSSESSION
 7.01.
If Landlord, for any reason whatsoever, cannot deliver possession of the Leased Premises to Tenant at the commencement of the term of this
Lease, this Lease shall not be void or voidable, nor shall Landlord be liable to Tenant for any loss or damage resulting therefrom, but in that event there shall be a proportionate reduction of rent covering the period between the commencement of
the term and the time when Landlord can deliver possession. If delay is longer than three (3) months, Landlord will provide Tenant such space (not exceeding in area the Leased Premises) as Landlord may have available, until the Leased Premises can
be completed, at no charge to Tenant. The term of this Lease shall be extended by such delay.
 
USE OF LEASED PREMISES
 8.01
The Leased Premises may be used and occupied only for general office purposes or a banking institution and for no other purpose or purposes, without Landlord’s prior written consent. Tenant shall promptly comply at its sole expense with
all laws, ordinances, orders, and regulations affecting the Leased Premises and their cleanliness, safety, occupation and use. Tenant shall not do or permit anything to be done in or about the Leased Premises that will in any way increase the fire
insurance upon the Building. Tenant will not perform any act or carry on any practices that may injure the Building or be a nuisance or menace to tenants of adjoining premises. Tenant shall, at Tenant’s sole cost and expense, comply fully with
all environmental laws and regulations, and all other legal requirements, applicable to Tenant’s operations at, on or within, or to Tenant’s use and occupancy of, the Leased Premises.
  
 
5

  
ACCEPTANCE OF PREMISES
 9.01
By entry hereunder, Tenant acknowledges that it has examined the Leased Premises and accepts the same as being in the condition called for by this Lease, and as suited for the uses intended by Tenant, subject to construction of any tenant
improvements provided for herein and subject to any punch list items. Upon delivery of possession of the Leased Premises to Tenant, Tenant agrees to execute and deliver to Landlord a Tenant’s Acceptance of Premises, in the form attached hereto
as Exhibit “D”.
 
ALTERATIONS, MECHANICS’ LIENS
 10.01
Alterations may not be made to the Leased Premises without prior written consent of Landlord, and any alterations of the Leased Premises
excepting movable furniture and trade fixtures shall at Landlord’s option become part of the realty and belong to Landlord. Trade fixtures including, but not limited to, ATM machines and night depository boxes, installed at Tenant’s sole
cost and expense, shall be removed by Tenant at Tenant’s expense at the end of the lease term. Tenant shall repair and restore any damage on the Leased Premises due to the removal of such trade fixtures.
 10.02
Should Tenant desire to after the Leased Premises and
Landlord gives written consent to such alterations, at Landlord’s option, Tenant shall contract with a contractor approved by Landlord for the construction of such alterations. Upon completion of the work, Tenant shall provide lien waivers from
the subcontractors or a final affidavit of lien waiver from the general contractor. (Lien waivers and the Affidavit of Lien Waiver shall be in a form acceptable to Landlord.)
 10.03
Notwithstanding anything in paragraph 10.02 above,
Tenant may, upon written consent of Landlord, install trade fixtures, machinery or other trade equipment in conformance with all applicable laws, statutes, ordinances, rules, regulations, and the same may be removed upon the termination of this
Lease provided Tenant shall not be in default under any of the terms and conditions of this Lease, and the Leased Premises are not damaged by such removal. Tenant shall return the Leased Premises on the termination of this Lease in the same
condition as when rented to Tenant, reasonable wear and tear only excepted. Tenant shall keep the Leased Premises, the building and property in which the Leased Premises are situated free from any liens arising out of any work performed for,
materials furnished to, or obligations incurred by Tenant. All such work provided for above, shall be done at such times and in such manner as Landlord may from time to time designate. Tenant shall give Landlord written notice five (5) days prior to
employing any laborer or contractor to perform work resulting in an alteration of the Leased Premises so that Landlord may post a notice of non-responsibility. Tenant will pay or cause to be paid all costs and charges for work done by Tenant or
caused to be done by Tenant in or to the Leased Premises or any property in which Landlord may hold any interest, and for all materials furnished for or in connection with such work. Tenant will indemnify Landlord against, and hold harmless Landlord
against the liens and claims of lien and all other liabilities, liens, claims and demands on account of such work by or on behalf of Tenant. If any such lien at any time is filed against the Leased Premises or any part of the Building, Tenant shall
immediately cause such lien to be discharged of record, or at its discretion bond off the lien 
  
 
6

  pursuant to O.C.G.A. Sec. 44-14-364. Nothing herein will be deemed the consent or agreement of Landlord to subject Landlord’s interest in the Leased
Premises or Building to liability under any mechanics or other lien law. In the event that Tenant fails to cause a lien which has been filed to be discharged, or shall fail to bond off said lien as herein provided, within ten (10) days of notice of
said lien, in addition to all other rights and remedies it may have under the Lease or at law, Landlord may, at its option, pay such charge and related costs and interests and said amount and expenses, including reasonable attorneys’ fees shall
be immediately due from Tenant to Landlord as additional rent.
 
WASTE AND QUIET CONDUCT
 11.01
Tenant shall not commit, or suffer any waste upon the Leased Premises, or any nuisance, or other act or thing which may disturb the quiet
enjoyment of any other tenant in the Building containing the Leased Premises or any building in the project in which the Leased Premises are located.
 
FIRE INSURANCE, HAZARDS
 12.01
No use shall be made or permitted to be made of the Leased Premises, nor acts done which might increase the existing rate of insurance upon the
Building or cause the cancellation of any insurance policy covering the Building, or any part thereof, nor shall Tenant sell, or permit to be kept, used or sold, in or about the Leased Premises, any article which may be prohibited by the Standard
form of fire insurance policies. Tenant shall, at its sole cost and expense, comply with any and all requirements pertaining to the Leased Premises, of any insurance organization or company, necessary for the maintenance of reasonable fire and
public liability insurance, covering the Leased Premises, Building and appurtenances. Tenant agrees to pay to Landlord as additional rent, any increase in premiums on policies which may be carried and for loss of rent caused by fire and the perils
normally included in extended coverage above the rates presently being paid by the Landlord as of the date hereof that may be caused by Tenant’s use or occupancy of the Leased Premises.
 12.02
Tenant shall maintain in full force and effect on all
of its fixtures and equipment in the Leased Premises a policy or policies of fire and extended coverage insurance with standard coverage endorsement to the extent of at least eighty percent (80%) of their insurable value. During the term of this
Lease the proceeds from any such policy or policies of insurance shall be used for the repair or replacement of the fixtures, and Landlord will sign all documents necessary or proper in connection with the settlement of any claim or loss by Tenant.
Landlord will not carry insurance on Tenant’s possessions. Tenant shall furnish Landlord with a certificate of such policy within thirty (30) days of the commencement of this Lease, and whenever required, shall satisfy Landlord that such policy
is in full force and effect.
 
LIABILITY INSURANCE
 13.01
Tenant, at its own expense, shall provide and keep in force with companies acceptable to Landlord public liability insurance for the benefit of Landlord and Tenant jointly against liability for bodily injury and property damage in the amount
of not less than One Million 
  
 
7

  Dollars ($1,000,000.00) in respect to injuries to or death of more than one person in any one occurrence, in the amount of not less than One Million Dollars
($1,000,000.00) in respect to injuries to or death of any one person, and in the amount of not less than Fifty Thousand Dollars ($50,000.00) per occurrence in respect to damage to property, such limits to be for any greater amounts as may be
reasonably indicated by circumstances from time to time existing. Tenant shall furnish Landlord with a certificate of such policy (which certificate shall contain the insurer’s waiver of subrogation rights exercisable against the Landlord)
within thirty (30) days of the commencement date of this Lease and whenever required shall satisfy Landlord that such policy is in full force and effect. Such policy shall name Landlord as an additional insured and shall be primary and
non-contributing with any insurance carried by Landlord. The policy shall further provide that it shall not be canceled or altered without twenty (20) days prior written notice to Landlord.
 
INDEMNIFICATION BY TENANT
 14.01
Tenant shall indemnify and hold harmless Landlord against and from any and all claims arising from Tenant’s use of the Leased Premises
(other than those arising from negligence of Landlord or its agents or employees), or the conduct of its business or from any activity, work, or thing done, permitted or suffered by the Tenant in or about the Leased Premises, and shall further
indemnify and hold harmless Landlord against and from any and all claims arising from any breach or default in the performance of any obligation on Tenant’s part to be performed under the terms of this Lease, or arising from any act, neglect,
fault or omission of the Tenant, or of its agents or employees, and from and against all costs, attorney’s fees, expenses and liabilities incurred in or about such claim or any action or proceeding brought relative thereto and in case any
action or proceeding be brought against Landlord by reason of any such claim, Tenant upon notice from Landlord shall defend the same at Tenant’s expense by counsel, chosen by Tenant and who is reasonably acceptable to Landlord. Tenant, as a
material part of the consideration to Landlord, hereby assumes all risk of damage to property or injury to persons in or about the Leased Premises from any cause whatsoever except that which is caused by the failure of Landlord to observe any of the
terms and conditions of this Lease where such failure has persisted for an unreasonable period of time after written notice of such failure, and Tenant hereby waives all claims in respect thereof against Landlord. The obligations of Tenant under
this section arising by reason of any occurrence taking place during the term of this Lease shall survive any termination of this Lease.
 
WAIVER OF CLAIMS
 15.01
Tenant, as a material part of the consideration to be rendered to Landlord, hereby waives all claims against Landlord for damages to goods, wares and merchandise in, upon or about the Leased Premises and for injury to Tenant, Its agents,
employees, invitees, or third persons in or about the Leased Premises from any cause arising at any time, other than the negligence of Landlord, its agents and employees.
  
 
8

  
LANDLORD’S REPAIRS
 16.01
Tenant agrees that no representations respecting the Leased Premises or the condition thereof and that no promises to decorate, alter, repair or
improve the Leased Premises, either before or after the execution hereof, have been made by Landlord or its agents to Tenant, unless the same are contained in the Work Agreement.
 16.02
Landlord shall maintain and repair only the common
hallways and corridors, common rest rooms, main lobby area, heating, ventilating and air-conditioning systems, driveways and parking areas located on the Property, if any, the roof, foundation, floors and exterior walls and glass of the Building.
Notwithstanding Landlord’s obligation to maintain and repair under this Paragraph 16, Tenant shall repair and pay for any damage caused by Tenant, or Tenant’s employees, agents, contractors, invitees or licensees, or caused by
Tenant’s default hereunder. Tenant shall immediately give Landlord written notice of any defect or need for repairs, after which Landlord shall have a reasonable time within which to repair same or cure such defect. Landlord’s liability
hereunder shall be limited only to the cost of correcting such defects or making such needed repairs.
 16.03
Notwithstanding any other provisions herein, Landlord shall not be liable to Tenant for any damage occasioned by plumbing, electrical, gas,
water, steam or other utility pipes, systems or facilities or by the bursting, stopping, leaking or running of any tank, sprinkler, washstand, water closet or pipes in or about the Leased Premises or the Building; nor for any damage occasioned by
water being upon or coming through or around the roof or any flashing, window, skylight, vent, door, or the like unless directly resulting from Landlord’s act or neglect after notice; nor for any damage arising out of any acts or neglect of
co-tenants, other occupants of the Building, occupants of adjacent property or the public.
 
TENANT’S REPAIRS
 17.01
Tenant shall, at its sole cost and expense, keep the Leased Premises in good order, condition and repair during the Term. In the event any
reasonable repairs are required to be made in or to the Leased Premises as a result of the actions or inactions of Tenant, its agents, contractors, servants, employees, sublessees, concessionaires, licensees, invitees or guests, Tenant shall be
responsible for payment of all such repairs which shall be made by Landlord or its contractors, if Tenant does not make repairs promptly and adequately, Landlord may, but need not, make repairs, and Tenant shall promptly pay the cost thereof. Tenant
shall pay Landlord for overtime costs and for any other expenses incurred in the event repairs, alterations, decorating or other work in the Leased Premises are not made, at Tenant’s request, during ordinary business hours. Upon expiration or
other termination of the Term, Tenant shall quit and surrender to Landlord the Leased Premises, broom clean, in good order and condition as provided in this Lease, ordinary wear and tear excepted, and Tenant shall remove all of its property
therefrom, except as provided in Paragraph 10 above.
  
 
9

  
SIGNS, LANDSCAPING
 18.01
Tenant will not place or maintain, or suffer to be placed or maintained on the exterior of the Leased Premises, any sign, advertising matter or other things of any kind, and will not place or maintain any sign, decoration, lettering or
advertising matter in or on the glass of any window or door of the Leased Premises without first obtaining Landlord’s prior written approval thereof. Thereafter Tenant shall maintain such sign, decoration, lettering, advertising matter and
other things as may be approved by Landlord in good condition and repair at all times. Tenant shall be responsible to Landlord for all damages caused by the installation, use or maintenance of said signs and Tenant agrees to repair all damages
incident to the removal of said signs and such obligation of Tenant shall survive the expiration or sooner termination of the Term. Notwithstanding the foregoing, Landlord will cooperate with Tenant to ensure that any signage required by banking
agencies may be installed on the Leased Premises at Tenant’s sole cost and expense.
 
ENTRY BY LANDLORD
 19.01
Tenant shall permit Landlord and Landlord’s agents to enter the Leased Premises at all reasonable times for the purpose of inspecting the same to perform janitorial and cleaning services, or for the purpose of maintaining the Building,
or for the purpose of decorating, making repairs, alterations, or additions to any portion of the Building, including the erection and maintenance of such scaffolding, canopies, fences and props as may be required, or for the purpose of posting
notices of non-responsibility for alterations, additions, or repairs, or for the purpose of showing the Leased Premises to prospective tenants, or placing upon the Building any usual or ordinary “for sale” signs, without any rebate of rent
and without any liability to Tenant for any loss of occupation or quiet enjoyment of the Leased Premises thereby occasioned; and shall permit Landlord at any time within six (6) months prior to the expiration of this Lease, to place upon the Leased
Premises any usual or ordinary “to let” or “to lease” signs. For each of the aforesaid purposes, Landlord shall at all times have and retain a key with which to unlock all of the exterior doors about the Leased Premises. Any
entry by Landlord shall be made during regular business hours or as otherwise acceptable to Tenant and shall be made with reasonable notice to Tenant (other than in an emergency). In an emergency, Landlord shall have the right to enter the Leased
Premises for any proper purpose. Tenant shall have quiet enjoyment and possession of the Leased Premises throughout the term of this Lease, subject, however, to the terms and conditions hereof.
 
SERVICES
 20.01
Subject to the provisions set forth below in this Paragraph 20.01, Landlord shall furnish the following services to the Leased Premise:
 (a)
Seasonable heating and air-conditioning between the hours of 8:00 a.m. and 6:00 p.m. on Mondays through Fridays, inclusive, and on Saturdays between the hours of 8:00 a.m.
and 1:00 p.m., except for those days which are Holidays as defined on Exhibit “C” hereto. Tenant’s use of heating and air-conditioning after normal business hours shall be billed at a rate of $25.00 per hour.
  
 
10

  (b)
General cleaning and janitorial services
commencing after 5:00 p.m. on Mondays through Fridays, inclusive, except for Holidays.
 (c)
Passenger elevator service at all times; provided, however, the Landlord reserves the right to reduce the number of elevators in operation after 6:00 p.m. on Mondays through
Fridays and at all times on Saturdays, Sundays, and Holidays and to impose such other reasonable elevator security measures as the Landlord deems appropriate.
 (d)
Common use restroom facilities and drinking water.
 (e)
Electricity for lighting and small business machines designed to operate on 110-120 volt electric power (e.g., typewriters, dictating machines,
adding machines, calculators, small copiers, postage machines, teletypes, personal computers and any other small office equipment that is not computer related except personal computers), except where 220 volt electric power is noted on the
construction drawings.
 20.02
Tenant will not
use any electrical equipment which in Landlord’s opinion will overload the wiring Installations or interfere with the reasonable use thereof by other users in the Building. Tenant will not, without Landlord’s prior written consent in each
instance, connect any additional items (e.g., electric heaters, vending equipment and auxiliary aft-conditioners) to the Building’s electrical system, or make any alteration or addition to the system. Should Landlord grant such consent, all
additional circuits or equipment required therefor shall be installed by Landlord and the cost of such installation, equipment and metering device shall be paid by Tenant. The consumption of electricity for such additional equipment shall be paid
monthly by Tenant to Landlord at the prevailing utility company rates. In the event the Tenant desires heating, ventilating or air-conditioning services in addition to those set forth above, the Landlord shall use its best efforts to make same
available to Tenant at such rates as may be established from time to time by Landlord.
 20.03
Landlord shall not be liable for any damages directly or indirectly resulting from the installation, use or interruption of use of any equipment
in connection with the furnishing of services referred to in this Lease, and particularly any interruption in services by any cause beyond the immediate control of Landlord.
 20.04
Landlord reserves the right to stop services of the
heating, elevators, plumbing, air-conditioning, electrical power or other utilities or services when necessary by reason of war, insurrection, civil commotion, riots, acts of God or the enemy, governmental action, repairs, improvements, alterations,
strikes, lockouts, picketing, whether legal or illegal, accidents, actions or inactions of Tenant, its agents, contractors, servants, employees, sublessees, concessionaires, licensees, invitees, or guests, inability of Landlord to obtain fuel or
supplies or any other cause or causes beyond the reasonable control of Landlord.
  
 
11

  
ABANDONMENT
 21.01
Tenant shall not vacate nor abandon the Leased Premises at any time during the term of this Lease; and if Tenant shall abandon, vacate or surrender the Leased Premises, or be dispossessed by process of law, or otherwise, any personal property
belonging to Tenant and left on the Leased Premises shall, at the option of the Landlord, be deemed abandoned and be and become the property of Landlord.
 21.02
Notwithstanding that which is contained in Section 21.01, Tenant may vacate the Leased Premises during the term of
this Lease during any period when Tenant is attempting to sublease the Leased Premises provided (i) Tenant is not otherwise in default hereunder; (ii) Tenant continues to pay rent through the end of the term of the Leased Premises as defined in
Section 3.01 of this Lease Agreement; (iii) Tenant adequately secures the Leased Premises to prevent damage, destruction or vandalism to the Leased Premises; (iv) Tenant continues such utilities to the Leased Premises as will prevent any damage to
the Leased Premises; (v) Tenant continues to provide Insurance for the Leased Premises and Tenant pays any Increased premium resulting from a lack of a tenant in the Leased Premises. Therefore, except for physically occupying the Leased Premises,
Tenant shall otherwise comply with all its obligations under the Lease, including but not limited to the obligation to pay all rental due hereunder.
 
DESTRUCTION
 22.01
If the Leased Premises or any portion thereof are destroyed by storm, fire, lightning, earthquake or other casualty, Tenant shall immediately notify Landlord. In the event the Leased Premises cannot, in Landlord’s judgment, be restored
within one hundred fifty (150) days of the date of such damage or destruction, this Lease shall terminate as of the date of such destruction, and all rent and other sums payable by Tenant hereunder shall be accounted for as between Landlord and
Tenant as of that date. Landlord shall notify Tenant within thirty (30) days of the date of the damage or destruction whether the Leased Premises can be restored within one hundred fifty (150) days. If this Lease is not terminated as provided in
this Paragraph, Landlord shall, to the extent insurance proceeds payable on account of such damage or destruction are available to Landlord (with the excess proceeds belonging to Landlord), within a reasonable time, repair, restore, rebuild,
reconstruct or replace the damaged or destroyed portion of the Leased Premises to a condition substantially similar to the condition which existed prior to the damage or destruction. Provided, however, Landlord shall only be required to repair,
restore, rebuild, reconstruct and replace the Landlord’s Work shown on Exhibit “B”, and Tenant shall, at its sole cost and expense, upon completion of the Landlord’s Work, repair, restore, rebuild, reconstruct and replace, as
required, any and all improvements installed in the Leased Premises by Tenant and all trade fixtures, personal property, inventory, signs and other contents in the Leased Premises, and all other repairs not specifically required of Landlord
hereunder, in a manner and to at least the condition existing prior to the damage. Tenant’s obligation to pay Base Rent shall abate until Landlord has repaired, restored, rebuilt, reconstructed or replaced the Leased Premises, as required
herein, in proportion to the part of the Leased Premises which are unusable by Tenant. If the damage or destruction is due to the act, neglect, fault or omission of Tenant, there shall be no rent abatement except to the extent of rent loss
insurance. In the event of any dispute between Landlord and Tenant relative to the provisions of this paragraph, they 
  
 
12

  may each select an arbitrator, the two arbitrators so selected shall select a third arbitrator and the three arbitrators so selected shall hear and determine
the controversy and their decision thereon shall be final and binding on both Landlord and Tenant who shall bear the cost of such arbitration equally between them. Landlord shall not be required to repair any property installed in the Leased
Premises by Tenant. Tenant waives any right under applicable laws inconsistent with the terms of this paragraph and in the event of a destruction agrees to accept any offer by Landlord to provide Tenant with comparable space within the project in
which the Leased Premises are located on the same terms as this Lease. Notwithstanding the provisions of this paragraph, if any such damage or destruction occurs within the final two (2) years of the term hereof, then Landlord, in its sole
discretion, may, without regard to the aforesaid 150-day period, terminate this Lease by written notice to Tenant.
 
ASSIGNMENT AND SUBLETTING
 23.01
Landlord shall have the right to transfer and assign, in whole or in part its rights and obligations in the building and property that are the
subject of this Lease. Tenant shall not assign this Lease or sublet all or any part of the Leased Premises without the prior written consent of the Landlord. Such consent shall not be unreasonably withheld, conditioned or delayed. In the event of
any assignment or subletting, Tenant shall nevertheless at all times, remain fully responsible and liable for the payment of the rent and for compliance with all of its other obligations under the terms, provisions and covenants of this Lease. If
all or any part of the Leased Premises are then assigned or sublet, Landlord, in addition to any other remedies provided by this Lease or provided by law, may at its option, collect directly from the assignee or subtenant all rents becoming due to
Tenant by reason of the assignment or sublease, and Landlord shall have a security interest in all properties on the Leased Premises to secure payment of such sums. Any collection directly by Landlord from the assignee or subtenant shall not be
construed to constitute a novation or a release of Tenant from the further performance of its obligations under this Lease. In the event that Tenant sublets the Leased Premises or any part thereof, or assigns this Lease and at any time receives rent
and/or other consideration which exceeds that which Tenant would at that time be obligated to pay to Landlord. Tenant shall pay to Landlord 100% of the gross excess in such rent as such rent is received by Tenant and 100% of any other consideration
received by Tenant from such subtenant in connection with such sublease or, in the case of any assignment of this Lease by Tenant, Landlord shall receive 100% of any consideration paid to Tenant by such assignee in connection with such assignment.
In addition, should Landlord agree to an assignment or sublease agreement, Tenant will pay to Landlord on demand the sum of $500.00 to partially reimburse Landlord for its costs, including reasonable attorneys’ fees, incurred in connection with
processing such assignment or subletting request.
 23.02
Notwithstanding the foregoing, Tenant may freely transfer and assign this Lease or sublet all or any portion of the Leased Premises (i) to any
affiliate or subsidiary of Tenant or (ii) in connection with any merger, consolidation or sale of assets of Tenant, without having to obtain any consent or approval of Landlord; provided, however, that any such assignment or subletting shall not
result in Tenant being released or discharged from any liability under this Lease except to the extent Tenant ceases to exist following any such merger or consolidation. 
  
 
13

  Tenant shall provide Landlord with written notice of such assignment or subletting prior to or promptly following the effective date of such assignment or
subletting.
 
INSOLVENCY OF TENANT
 24.01
Either (a) the appointment of a trustee to take possession of all or substantially all of the assets of Tenant, or (b) a general assignment by Tenant for the benefit of creditors, or (c) any action taken or suffered by Tenant under any
insolvency or bankruptcy act shall, if any such appointments, assignments or action continues for a period of thirty (30) days, constitute a breach of this Lease by Tenant, and Landlord may at its election without notice, terminate this Lease and in
that event be entitled to immediate possession of the Leased Premises and damages as provided below.
 
BREACH BY TENANT
 25.01
In the event of a monetary default by Tenant, which is not cured within five (5) days of receipt of written notice by Tenant of such default or in the event of a nonmonetary default by Tenant which is not cured within fifteen (15) days of
receipt of written notice by Tenant of such default; provided, however Tenant shall not be in default if Tenant commences to cure the default within the fifteen (15) day period and diligently and in good faith continues to cure the default until
completion; Landlord in addition to any and all other rights or remedies that it may have hereunder, at law or in equity shall have the right to either terminate this Lease or from time to time, without terminating this Lease relet the Leased
Premises or any part thereof for the account and in the name of Tenant or otherwise, for any such term or terms and conditions as Landlord in its sole discretion may deem advisable with the right to make reasonable alterations and repairs to the
Leased Premises. Tenant shall pay to Landlord, as soon as ascertained, the costs and expenses incurred by Landlord in such reletting or in making such reasonable alterations and repairs. Should such rentals received from time to time from such
reletting during any month be less than that agreed to be paid during that month by Tenant hereunder, the Tenant shall pay such deficiency to Landlord. Such deficiency shall be calculated and paid monthly.
 25.02
No such reletting of the Leased Premises by Landlord
shall be construed as an election on its part to terminate this Lease unless a notice of such intention be given to Tenant or unless the termination thereof be decreed by a court of competent jurisdiction. Notwithstanding any such reletting without
termination, Landlord may immediately or at any time thereafter terminate this Lease, and this Lease shall be deemed to have been terminated upon receipt by Tenant of notice of such termination; upon such termination Landlord shall recover from
Tenant all damages that Landlord may suffer by reason of such termination including, without limitation, all arrearages in rentals, costs, charges, additional rentals, and reimbursements, the cost (including court costs and attorneys’ fees
actually incurred) of recovering possession of the Leased Premises, the actual or estimated (as reasonably estimated by Landlord) cost of any alteration of or repair to, the Leased Premises which is necessary or proper to prepare the same for
reletting and, in addition thereto, Landlord shall have and recover from Tenant the difference between the present value (discounted at a rate per annum equal to the discount rate of the Federal Reserve Bank of Atlanta at the time the Event of
Default occurs) of the rental to be paid 
  
 
14

  by Tenant for the remainder of the lease term, and the present value (discounted at the same rate) of the Leased Premises for the remainder of the lease term
taking into account the cost, time and other factors necessary to relet the Leased Premises; provided, however that such payment shall not constitute a penalty or forfeiture, but shall constitute full liquidated damages due to Landlord as a result
of Tenant’s default, Landlord and Tenant acknowledge that Landlord’s actual damages in the event of a default by Tenant under this Lease will be difficult to ascertain, and that the liquidated damages provided above represent the
parties’ best estimate of such damages. The parties expressly acknowledge that the foregoing liquidated damages are intended not as a penalty, but as full liquidated damages, as permitted by Section 13-6-7 of the Official Code of Ga.
Annotated.
 
ATTORNEYS’ FEES/COLLECTION CHARGES
 26.01
Should Landlord be named as a defendant in any suit brought against Tenant in connection with or arising out of Tenant’s occupancy
hereunder, Tenant shall pay to Landlord its cost and expenses incurred in such suit, including reasonable attorneys’ fees. If any rent or other sums of money owed or owing under this Lease is collected by or through an attorney at law, tenant
agrees to pay fifteen percent (15%) thereof as attorneys’ fees.
 
CONDEMNATION
 27.01
If, at any time during the term of this Lease, title to the Leased Premises should become vested in a public or quasi-public authority by virtue of the exercise of expropriation, appropriation, condemnation or other power in the nature of
eminent domain, or by voluntary transfer from the owner of the Leased Premises under threat of such a taking then this Lease shall terminate as of the time of such vesting of title, after which neither party shall be further obligated to the other
except for occurrence antedating such taking. The same results shall follow if less than the entire Leased Premises be thus taken, or transferred in lieu of such a taking, but to such extent that it would be legally and commercially impossible for
Tenant to occupy the portion of the Leased Premises remaining, and impossible for Tenant to reasonably conduct his trade or business therein.
 27.02
Should there be such a partial taking or transfer in lieu thereof, but not to such an extent as to make such continued occupancy and operation
by Tenant an impossibility, then this Lease shall continue on all of its same terms and conditions subject only to an equitable reduction in rent proportionate to such taking.
 27.03
In the event of any such taking or transfer, whether
of the entire Leased Premises, or a portion thereof, it is expressly agreed and understood that all sums awarded, allowed or received in connection therewith shall belong to Landlord, and any rights otherwise vested in Tenant are hereby assigned to
Landlord, and Tenant shall have no interest in or claim to any such sums or any portion thereof, whether the same be for the taking of the property or for damages, or otherwise.
  
 
15

  
NOTICES
 28.01
All
notices, statements, demands, requests, consents, approvals, authorization, offers, agreements, appointments, or designations under this Lease by either party to the other shall be in writing and shall be sufficiently given and served upon the other
party, (i) by depositing same in the United States mail, addressed to the party to be notified, postage prepaid and registered or certified with return receipt requested; (ii) by recognized overnight, third party prepaid courier service (such as
Federal Express), requiring signed receipt; (iii) by delivering the same in person to such party; or (iv) by prepaid telegram, telecopy or telex with delivery of an original copy of any such notice delivered pursuant to (ii) or (iii) above to be
received no later than the next business day. Notice personally delivered or sent by courier service, telegram, telecopy or telex shall be effective upon receipt. Any notice mailed in the foregoing manner shall be effective three (3) business days
after its deposit In the United States mail. Either party may change its address for notices by giving notice to the other as provided above. For purposes of notice, the addresses of the parties shall be as follows:
 (a)
To Tenant at the Leased Premises;
 (b)
To Landlord, addressed to Landlord at 4497 Park
Drive, Norcross, Georgia 30093, with a copy to such other place as Landlord may from time to time designate by notice to Tenant.
 
WAIVER
 29.01
The
waiver by Landlord of any breach of any term, covenant, or condition herein contained shall not be deemed to be a waiver of such term, covenant, or condition or any subsequent breach of the same or any other term, covenant, or condition herein
contained. The subsequent acceptance of rent hereunder by Landlord shall not be deemed to be a waiver of any preceding breach by Tenant of any term, covenant, or condition of this Lease, other than the failure of Tenant to pay the particular rental
so accepted, regardless of Landlord’s knowledge of such preceding breach at the time of acceptance of such rent.
 
EFFECT OF HOLDING OVER
 30.01
If Tenant should remain in possession of the Leased Premises after the expiration of the lease term and without executing a new lease, then such
holding over shall be construed as a tenancy from month to month, subject to all the conditions, provisions, and obligations of this Lease insofar as the same are applicable to a month to month tenancy, the rent payable hereunder shall be 150% of
the rent payable pursuant to subparagraph 3.01.
 
SUBORDINATION
 31.01
This Lease, at Landlord’s option shall be subordinate to any ground lease, first priority mortgage, first priority deed of trust, or first priority security deed now or hereafter placed upon the real property of which the Leased Premises
are a part and to any and all 
  
 
16

  advances made on the security thereof and to all renewals, modifications, consolidations, replacements and extensions thereof.
 31.02
Tenant agrees to execute any documents required to
effectuate such subordination or to make this Lease prior to the lien of any such ground lease, mortgage, deed of trust, or security deed, as the case may be and failing to do so within ten (10) days after written demand, does hereby make,
constitute and irrevocably appoint Landlord as Tenant’s attorney in fact and in Tenant’s name, place and stead, to do so. If requested to do so, Tenant agrees to attorn to any person or other entity that acquires title to the real property
encompassing the Leased Premises, whether through judicial foreclosure, sale under power, or otherwise, and to any assignee of such person or other entity.
 
ESTOPPEL CERTIPICATE
 32.01
Upon ten (10) days notice from Landlord to Tenant, Tenant shall deliver a certificate dated as of the first day of the calendar month in which such notice is received, executed by an appropriate officer, partner or individual, in the form as
Landlord may require and stating but not limited to the following: (i) the commencement date of this Lease; (ii) the space occupied by Tenant hereunder; (iii) the expiration date hereof; (iv) a description of any renewal or expansion options; (v)
the amount of rental currently and actually paid by Tenant under this Lease; (vi) the nature of any default or claimed default hereunder by Landlord and (vii) that Tenant is not in default hereunder nor has any event occurred which with the passage
of time or the giving of notice would become a default by Tenant hereunder.
 
PARKING
 33.01
Tenant shall be entitled to park in common with other tenants free of charge and in addition shall be entitled to four (4) exclusive, reserved parking spaces free of charge during the term of the Lease and any subsequent renewals. Tenant
shall pay for any costs, not to exceed Four Hundred and 00/100 Dollars ($400.00), associated with identifying such reserved spaces. Tenant agrees not to overburden the parking facilities
and agrees to cooperate with Landlord and other tenants in the use of parking facilities. Landlord reserves the right in its absolute discretion to determine whether parking facilities are becoming crowded and, in such event, to allocate parking
spaces among Tenant and other tenants. There will be no assigned parking. Tenant agrees to park all Tenant’s trucks in the parking spaces provided at the rear of the building. “Parking” as used herein means the use by Tenant’s
employees, its visitors, invitees, and customers for the parking of motor vehicles for such periods of time as are reasonably necessary in connection with use of and/or visits to the Leased Premises. No vehicle may be repaired or serviced in the
parking area and any vehicle deemed abandoned by Landlord will be towed from the project and all costs therein shall be borne by the Tenant. All driveways, ingress and egress, and all parking spaces are for the joint use of all tenants. No area
outside of the Leased Premises shall be used by Tenant for storage without Landlord’s prior written permission.
  
 
17

  
MORTGAGE PROTECTION
 34.01
In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or trust or holder of a security deed or mortgage covering the Leased Premises whose address shall have
been furnished it, and shall offer such beneficiary or holder a reasonable opportunity to cure the default, including time to obtain possession of the Leased Premises by power of sale or a judicial foreclosure, if such should prove necessary to
effect a cure.
 
RULES AND REGULATIONS
 35.01
This Lease is subject to the rules and regulations pertaining to the Building, which are attached as Exhibit “C”. Tenant, its
employees, agents, visitors, invitees, contractors and customers will perform and abide by said Rules and Regulations, and any amendments or additions to said Rules and Regulations as may be made from time to time by Landlord.
 
RELOCATION
 36.01
This section intentionally deleted.
 
COMMISSION AGREEMENT
 37.01
Landlord and Tenant acknowledge that CTR Partners (“Tenant’s Agent”) has represented Tenant in connection with this Lease. Landlord shall pay to Tenant’s Agent and Landlord’s Agent (collectively referred to as
“Agent”) a leasing commission in an amount as set forth in a separate agreement between Landlord and such parties.
 37.02
Tenant warrants and represents to Landlord that, other than Agent, no other party is entitled, as a result of the actions of Tenant, to a
commission or other fee resulting from the execution of this Lease; and in the event Tenant extends or renews this Lease, or expands the Leased Premises, and Tenant’s Agent is entitled to a commission under the above-referenced commission
agreement, Tenant shall pay all commissions and fees payable to any party (other than Tenant’s Agent) engaged by Tenant to represent Tenant in connection therewith. Landlord warrants and represents to Tenant that, except as set forth above, no
other party is entitled, as a result of the actions of Landlord, to a commission or other fee resulting from the execution of this Lease. Landlord and Tenant agree to indemnify and hold each other harmless from any loss, cost, damage or expense
(including reasonable attorneys’ fees) incurred by the non-indemnifying party as a result of the untruth or incorrectness of the foregoing warranty and representation, or failure to comply with the provisions of this subparagraph.
 37.03
Tenant’s Agent is representing Tenant in
connection with this Lease, and is not representing Landlord. Landlord’s Agent, or employees of Landlord or its affiliates, are representing Landlord and are not representing Tenant.
  
 
18

  37.04
The parties
acknowledge that certain officers, directors, shareholders, or partners of Landlord or its general partner(s), are licensed real estate brokers and/or salesmen under the laws of the State of Georgia. Tenant consents to such parties acting in such
dual capacities.
 
MISCELLANEOUS PROVISIONS
 A.
Whenever the singular number is used in this Lease and when required by the context, the same shall include the plural, and the masculine gender
shall include the feminine and neuter genders, and the word “person” shall include corporation, firm or association. If there be more than one tenant, the obligations imposed upon Tenant under this Lease shall be joint and
several.
 B.
The headings or titles to
paragraphs of this Lease are for convenience only and shall have no effect upon the construction or interpretation of any part of this Lease.
 C.
This instrument contains all of the agreements and conditions made between the parties to this Lease and may not be modified orally or in any
other manner than by agreement in writing signed by all parties to this Lease.
 D.
Where the consent of a party is required, such consent will not be unreasonably withheld.
 E.
This Lease shall create the relationship of Landlord and
Tenant between Landlord and Tenant; no estate shall pass out of Landlord; Tenant has only a usufruct, not subject to levy and/or sale and not assignable by Tenant except as provided in paragraph 23.01 hereof.
 F.
Except as otherwise expressly stated, each payment
required to be made by Tenant shall be in addition to and not in substitution for other payments to be made by Tenant.
 G.
All covenants and agreements to be performed by Tenant under any of the terms of this Lease shall be performed by Tenant at Tenant’s sole
cost and expense and without any abatement of rent.
 H.
No payment by Tenant or receipt by Landlord of a lesser amount than any installment or payment of rent due shall be deemed to be other than on
account of the amount due, and no endorsement or statement on any check or payment of rent shall be deemed an accord and satisfaction. Landlord may accept such check or payment without prejudice to Landlord’s right to recover the balance of
such installment or payment of rent, or pursue any other remedies available to Landlord.
 I.
Subject to paragraph 23, the terms and provisions of this Lease shall be binding upon and inure to the benefit of the heirs, executors,
administrators, successors, and assigns of Landlord and Tenant.
  
 
19

  J.
Tenant acknowledges
and agrees that Landlord shall not provide guards or other security protection for the Leased Premises and that any and all security protection shall be the sole responsibility of Tenant.
 K.
This Lease shall be governed by Georgia law.

L.
Time is of the essence of each term and provision of
this Lease.
 M.
Tenant shall not record this
Lease or a memorandum thereof without the written consent of Landlord. Upon the request of Landlord, Tenant shall join in the execution of a memorandum or so-called “short form” of this Lease for the purpose of recordation. Said memorandum
or short form of this Lease shall describe the parties, the Leased Premises and the lease term, and shall incorporate this Lease by reference.
 N.
Landlord’s liability for performance of its obligations under the terms of this Lease shall be limited to its interest in the Leased
Premises.
 O.
So long as Tenant is not in
default in the payment of rent, or other charges or in the performance of any of the other terms, covenants, or conditions of the Lease beyond any period given Tenant in the Lease to cure such default. Tenant shall not be disturbed by Landlord or
anyone claiming by, through or under Landlord in Tenant’s possession, enjoyment, use and occupancy of the Leased Premises during the original or any renewal term of the Lease or any extension or modification thereof.
 IN WITNESS WHEREOF, the parties hereto who are individuals have set their hands and seals, and the parties who are corporations have caused this instrument to be duly executed by
its proper officers and its corporate seal to be affixed, as of the day and year first above written.
  

	 Signed, sealed and delivered
 as to Landlord, in the
 presence of:
 	  
 	 LANDLORD:
 
 DUKE-WEEKS REALTY LIMITED PARTNERSHIP,
 an Indiana limited
partnership
 
	 
 /s/ ROBIN M. RICH
 	  
 	 
 By: 
 	 
 Duke-Weeks Realty Corporation,
 
	 
 	  
 	  
 	  
 
	 Unofficial Witness
 	  
 	  
 	 an Indiana corporation,
 its sole general partner
 

  

	 
 /s/ PATRICK L. ADAMS
 	  
 	 By: 
 	 
 /s/ ROBERT M. CHAPMAN
 
	 
 	  
 	  
 	 
 
	 Notary Public
 	  
 	 Name: 
 	 Robert M. Chapman
 
	  
 	  
 	 Its: 
 	 Executive Vice President
 

  
 
20

   

	 Signed, sealed and delivered
 as to Landlord, in the
 presence of:
 
 
 	  
 	 TENANT
 
 CHATTAHOOCHEE NATIONAL BANK
 
	 
 /s/ SUZANNE DARIN
 	  
 	 By: 
 	 
 /s/ H. N. PADGET, JR.
 
	 
 	  
 	  
 	 
 
	 Unofficial Witness
 	  
 	 Name: 
 	 H. N. Padget, Jr.
 
	  
 	  
 	 Title: 
 	 President and CEO
 

  

	  
 	  
 	 ATTEST:
 
	 
 /s/ NATALIE A. SUMMERS
 	  
 	 By: 
 	 
 /s/ DANNY F. DUKES
 
	 
 	  
 	  
 	 
 
	 Notary Public
 	  
 	 Name:
 	 Danny F. Dukes
 
	  
 	  
 	 Its:
 	 SVP/CFO
 
	  
 	  
 	  
 	 
 (Corporate Seal)
 

  
  
 
21

  EXHIBIT “A”
 [Map of
Property]
  
 

  EXHIBIT “B”
 [Map of Leased
Premises]
  
 

  EXHIBIT “C”
 RULES AND
REGULATIONS
 1.
The Tenant shall give the
Landlord not less than forty-eight (48) hours prior written notice of the Tenant’s intention to move into or to move out of the Building, and. all such moves shall be conducted on Saturdays, Sunday, or Holidays, or between the hours of 6 p.m.
and 7 p.m. The Tenant shall use, or cause to be used, the freight elevator serving the Building, if available (and not any of the passenger elevators) in connection with all such moves into or out of the Building. The Tenant shall be responsible to
the Landlord for all damage done to the Building, the Leased Premises or any portion of either, by the Tenant’s movers. The Tenant shall insure that its movers take all necessary precautions required by the Landlord to protect the Building and
all portions thereof, including, without limitation, protection of all flooring, carpeting, wall coverings, doors and door frames.
 2.
All safes or other heavy articles shall be carried up or into the Building only at such times and in such manner as shall be prescribed by the
Landlord and the Landlord shall in all cases have the right to specify the proper weight and position of any such safe or other heavy article. Any damage done to the Building by taking in or removing any equipment or from overloading any floor in
any way shall be paid the Tenant. Defacing or injuring in any way any part of the Building by the Tenant, his invitees, agents or employees, shall be paid for by the Tenant.
 3.
The sidewalks, entries, passages, corridors, stairways and elevators shall not be obstructed by Tenants, their employees
or agents, or used by them for purposes other than ingress and egress to and from their respective suites.
 4.
Tenant will refer all contractors, contractors’ representatives and installation technicians rendering any service for Tenant to Landlord
for Landlord’s approval and supervision before performance of any contractual service, other than routine installation of telephones and cabling pursuant to the normal conduct of Tenant’s business. This provision shall apply to all work
performed in the Building, including installation of telephones, telegraph equipment, electrical devices and attachments and installations of any nature affecting floors, walls, woodwork, trim, windows, ceilings, equipment or any other physical
portion of the Building. Such approval, if given, shall in no way make Landlord a party to any contract between Tenant and any such contractor, and Landlord shall have no liability thereof. Tenant shall require all contractors to meet
Landlord’s insurance requirements prior to contracting work within the Leased Premises.
 5.
If any Tenant desires, at his cost, telegraphic, telephonic or other electric connections, Landlord or its agents will direct the electricians
(which must be approved in advance by Landlord) as to where and how the wires may be introduced, and without such directions, no boring or cutting for wires will be permitted.
 6.
The Tenant shall not (without Landlord’s written
consent) install or operate any fans, electric heaters, machinery upon the Leased Premises, or carry on any mechanical business thereon, or use or allow to be used upon the Leased Premises, oil, burning fluids, camphene, gasoline or kerosene for
heating, warming or light. No article deemed extra hazardous on 
  
 

  account of fire and no explosives shall be brought into the Building. No offensive gases or liquids will be permitted within the Building.
 7.
Tenant shall not install or authorize the installation of
any vending machines, food or beverage preparation machines or dispensing devices, without Landlord’s prior written approval. Landlord shall have the right to rescind this approval, if given, without liability to Tenant for reimbursement of any
Tenant costs or expenses.
 8.
No sign,
advertisement or notice shall be inscribed, painted or affixed on any part of the inside or outside of the Building unless of such color, size and style and in such place as shall first be designated by Landlord; there shall be no obligation or duty
on Landlord to allow any sign, advertisement or notice to be inscribed, painted or affixed on any part of the inside or outside of the Building. Tenant suite identification on or adjacent to entry doors will conform to standards established by
Landlord and must be installed by Landlord at Tenant’s expense. A directory in a conspicuous place, with the names of the Tenants, will be made by Landlord within a reasonable time after notice from the Tenant, and upon payment of a standard
fee. No furniture shall be placed in front of the Building or in any lobby or corridor without written consent of Landlord. Landlord shall have the right to remove all other signs and furniture, without notice to Tenant at the expense of
Tenant.
 9.
Tenant shall have the non-exclusive
use in common with the Landlord, other tenants, their guests and invitees, of the automobile parking areas, driveways and footways, subject to reasonable rules and regulations for the use thereof as may be prescribed from time to time by Landlord.
Landlord shall have the right to designate parking areas for the use of the other tenants in the Building and their employees, and the tenants and their employees shill not park in parking areas not so designated, specifically including driveways,
fire lanes, loading/unloading areas, walkways and building entrances. Landlord will not be liable for damage to vehicles in the parking areas or for theft of vehicles, personal property from vehicles, or equipment of vehicles. Tenant agrees that
Tenant and employees of Tenant shall not park on off-site surrounding property, whether publicly or privately owned, without the written consent of the owner of such surrounding property.
 10.
No Tenant shall do or permit anything to be done in said
Leased Premises, or bring or keep anything herein, which will in any way increase the rate of fire insurance on said Building, or on property kept therein, or obstruct or interfere with the rights of other Tenants, or in any way injure or annoy
them, or conflict with the laws relating to fire, or with any regulations of the fire department, or with any insurance policy upon said buildings or any part thereof, or conflict with any rules and ordinances of the local Board of Health or any
governing bodies.
 11.
Tenant shall not injure,
overload or deface the Building, the woodwork or the walls of the Building, nor carry on upon the Leased Premises any noisome, noxious, noisy, or offensive business.
 12
No person shall disturb the occupants of the Building by the use of any musical instruments, radios, televisions,
phonographs, tape players, etc., the making of unreasonable noises, odors, vibrations, or any other unreasonable use of the Building.
  
 

  13.
No dogs or other
animals or pets of any kind will be allowed in the Building.
 14.
No portion of the Building shall be occupied or used as sleeping or lodging quarters at any time.
 15.
Tenant shall not employ any person other than the janitors
of Landlord (who will be provided with pass-keys into the Building) for the purpose of cleaning or taking charge of the Building.
 16.
The janitor or janitors of the Building may keep a pass key, and he shall at all times be allowed admittance to said Leased Premises provided
that he shall not enter into any private offices while Tenant is in session such that it would cause a disruption to Tenant’s business.
 17.
Landlord or its agents shall have the right to enter the Premises to examine the same or to make such repairs, alterations or additions as
Landlord shall deem necessary for the safety, preservation or improvement of the Building. Landlord agrees not to enter into any private offices while Tenant is in session and agrees to use its reasonable efforts to avoid disrupting Tenant’s
business.
 18.
Landlord or its agents may show
said Premises and may place on the windows or doors thereof, or upon the bulletin board, a notice “For Rent” for six (6) months prior to the expiration of the Lease.
 19.
No additional locks shall be placed upon any doors without
the written consent of the Landlord. All keys to the Leased Premises and Building Security Card Keys (if any) shall be furnished by the Landlord in a reasonable number commensurate with the square footage leased. Additional keys and Building
Security Card Keys (if any) shall be furnished at Tenant cost. Upon termination of this Lease, all keys and Building Security Card Keys (if any) shall be surrendered, and the Tenant shall then give the Landlord or his agents explanation of the
combination of all locks upon the doors or vaults.
 20.
No windows or other openings that reflect or admit light into the corridors or passageways, or to any other place in said Building, shall be covered or obstructed by any of the Tenants. No sunscreen or other film shall be applied to the
interior surface of any window glass. All glass, locks and trimmings in or upon the doors or windows of the Building shall be kept whole and, when any part thereof shall be broken, the same shall be immediately replaced or repaired and put in order
under the direction and to the satisfaction of Landlord, and shall be left whole and in good repair.
 21.
Tenant shall not install any window coverings such as shades, draperies, or other window treatments, other than those provided by Landlord,
without the prior written consent of Landlord.
 22.
The water closet and other water fixtures shall not be used for any purpose other than those for which they were designed or constructed, and any damage-resulting to them front
  
 

  misuse, or the defacing or injury of any part of the Building, shall be borne by the person who shall occasion it.
 23.
No bicycles or similar vehicles will be allowed in the
Building.
 24.
Nothing shall be thrown out the
windows of the Building or down the stairways or other passages.
 25.
Landlord reserves the right at any time to take one elevator out of service to Tenants for exclusive use by the Building management in servicing
the Building.
 26.
Tenant shall not disturb any
occupant of the Building, or canvas or conduct surveys within the Building (without the prior written consent of Landlord), and shall cooperate to prevent same.
 27.
Landlord reserves the right to exclude or expel front the Building any person who, in the judgment of Landlord, is
intoxicated or under the influence of liquor or drugs, or who shall in any manner do any act in violation of any of the rules and regulations of the Building.
 28.
Tenant shall not use the name of the Building in connection with or in promoting or advertising the business of Tenant
except as Tenant’s address.
 29.
The
following shall constitute Holidays for purposes of this Lease:
  

	 January 1st
 	  
 	 New Year’s Day
 
	 Last Monday in May
 	  
 	 Memorial Day
 
	 July 4th
 	  
 	 Independence Day
 
	 First Monday in September
 	  
 	 Labor Day
 
	 Fourth Thursday In November
 	  
 	 Thanksgiving Day
 
	 December 25th
 	  
 	 Christmas Day
 

 30.
The Landlord reserves the might to make such other reasonable rules and regulations as in its judgment may from time to time be needed for the
safety, care and cleanliness of the Building, and for the preservation of good order therein. The Landlord shall not be responsible to the Tenant for the non-observance or violation of any of the rules and regulations by any other occupant or tenant
of the Building.
  
 

  EXHIBIT “D”
 ACCEPTANCE OF
PREMISES
  

	 Tenant: 
 	  
 
	  
 	 
 
	 Landlord: 
 	  
 
	  
 	 
 
	 Date Lease Signed: 
 	  
 
	  
 	 
 
	 Term of Lease: 
 	  
 
	  
 	 
 
	 Address of Leased Premises:
 	 Suite ____containing approximately __________ square feet, located at
 
	  
 
	 
 
	 Commencement Date:
 	  
 
	  
 	 
 
	 Expiration Date:
 	  
 
	  
 	 
 
								

 
 The above described premises are accepted by Tenant as suitable for the purpose for which they were let. The above described lease term commences
and expires on the dates set forth above. Tenant acknowledges that it has received _____ number of keys to the Leased Premises from Landlord.
  

	 TENANT
 	  
 	 LANDLORD
 
	 
 
 
 	  
 	  
 	 
 
 
 
	 
 	  
 	 
 	 
 
	 (Type Name of Tenant)
 	  
 	  
 	 (Type Name of Landlord)
 

  

	  
 	  
 	  
 	  
 
	 By: 
 	 
 
 
 	  
 	 By: 
 	 
 
 
 
	  
 	 
 	  
 	  
 	 
 
	  
 	 (Signature)
 	  
 	  
 	 (Signature)
 

  

	  
 	  
 	  
 
	 
 
 
 	  
 	  
 	 
 
 
 
	 
 	  
 	 
 	 
 
	 (Type Name and Title)
 	  
 	  
 	 (Type Name and Title)
 

  
  
 

  EXHIBIT”E”
 SPECIAL
STIPULATIONS
 1.
Early Access. Two weeks prior to commencement of the Lease, Tenant may enter upon the Leased Premises for purposes of inspecting and reviewing the work, installing trade fixtures, furniture, equipment and telephones, and doing such other work as may be
appropriate or desirable without being deemed thereby to have taken possession or obligated itself to pay rent but Tenant agrees that: (a) Landlord shall have no liability for injury to any person or damage to any property of Tenant stored on the
Leased Premises except for damages caused by the willful act or gross negligence of Landlord or its employees or agents, (b) Tenant shall not interfere with Landlord’s construction work on the Leased Premises, (c) Tenant shall indemnify protect
and hold harmless Landlord from and against any and all claims, demands, damages, losses, costs, expenses, liabilities and actions at law or in equity based upon any occurrence or condition arising out of or attributable to Tenant’s exercise of
such right, and (d) Tenant shall be solely responsible for the permitting of any such work it performs.
 2.
Option to Renew. Tenant shall have the option to renew this Lease Agreement for two (2) successive five (5) year
terms (each an “Extended Term”) provided that Tenant gives written notice to Landlord of its intention to renew at least one hundred eighty (180) days prior to the end of the then current term of the Lease. Each Extended Term shall be on
the same terms and conditions as contained herein for the initial term of this Lease, except as expressly provided herein to the contrary with respect to Base Rent and except for such as are, by their terms, inapplicable to an Extended
Term.
 The Base Rental for the first Extended Term shall increase at a rate of one hundred three percent (103%) of the rate in effect at the end of the
original lease term, with annual escalations at a rate of three percent (3%) per year thereafter, payable in monthly installments on or before the first day of each calendar month in the first Extended Term.
 The Base Rental for the second Extended Term shall be upon the same terms and conditions as contained herein except that the annual base rental shall be the fair market rental value (but in no event
less than the current rental rate under the Lease) which shall be determined as follows:
 (a)
Landlord and Tenant will have fifteen (15) days after Landlord receives the renewal notice within which to agree on the then-fair market rental
value of the Leased Premises as defined in paragraph (c) below for the renewal period. If they agree on the base monthly rent for the renewal period within fifteen (15) days, they will amend this Lease by stating the base monthly rental for the
renewal period.
 (b)
If they are unable to
agree on the base monthly rental for the renewal period within fifteen (15) days, then the base monthly rental for the renewal period will be the then-fair 
  

  market rental value of the Leased Premises as determined in accordance with paragraph (d) below.
 (c)
The “then-fair market rental value of the Leased
Premises” means what a Landlord under no compulsion to lease the Leased Premises and a Tenant under no compulsion to lease the Leased Premises would determine as rents for the renewal period, as of the commencement of the renewal period, taking
into consideration the uses permitted under this Lease, the quality, size, design, and location of the Leased Premises, and the rent for comparable buildings located in the vicinity of the Leased Premises. The then-fair market rental value of the
Leased Premises for the renewal period will not be less than that provided during the initial term.
 (d)
Within seven (7) days after the expiration of the fifteen (15) day period set forth in paragraph (b) above. Landlord and Tenant will each
appoint a real estate appraiser to appraise the then-fair market rental value of the Leased Premises. The two appraisers will meet promptly and attempt to set the then-fair market rental value of the Leased Premises. If they are unable to agree
within thirty (30) days, they will select a third appraiser within ten (10) days to set the then fair market rental value of the Leased Premises. Landlord and Tenant will bear one-half (1/2) of the cost of appointing the third appraiser and of paying the third appraiser’s fee.
 (e)
Within thirty (30) days after the selection of the third appraiser, a majority of the appraisers will set the then-fair market rental value of
the Leased Premises. If a majority of the appraisers are unable to set the then-fair market rental value of the Leased Premises within thirty (30) days after selection of the third appraiser, the three appraisals will be averaged and the average
will be the then-fair market rental value of the Leased Premises. 
 (f)
It is expressly understood that Tenant shall have no option to renew this Lease for the renewal term if at the time of the attempted exercise of
such option or at the commencement of such renewal term this Lease is not then in full force and effect or if Tenant is then in default of any terms and conditions of this Lease.
 3.
Exclusive Use. During the Lease
Term, so long as Tenant is not in default hereunder, Landlord covenants and agrees that it will not operate or lease any portion of the Building to a tenant whose primary business is banking (the “Covenant”); provided, however, that this
provision does not prohibit such operation to exist under any current leases, including renewals or expansions thereof. Landlord shall not be in default under this Section unless and until Landlord fails to cure any breach hereof within thirty (30)
days after written notice from Tenant to Landlord, or such longer period of time as may be required, so long as Landlord commences to cure such default within such thirty (30) day period and thereafter diligently pursues such cure to completion. In
the event of Landlord’s uncured default, Tenant shall have as its sole and exclusive remedy, notwithstanding anything to the contrary contained in this Lease, the right to terminate this Lease upon written notice to Landlord delivered within
thirty (30) days after the date of Landlord’s default. In the event Tenant does not exercise its right to terminate within such thirty (30) day period, Tenant’s right to terminate the Lease shall expire and Tenant shall be deemed to have
waived Landlord’s default with respect to the particular offending tenant, occupant or user of space within the Building, but shall not be deemed to have otherwise waived 
  
 

  or released its rights hereunder with respect to any other future tenant, occupant or user of space in the Building.
 Landlord and Tenant further covenant and agree that Landlord is not and shall not be obligated to enforce the Covenant against any person if by so doing it shall be in breach of any laws, rules,
regulations or enactments from time to time in force and no provision of this Lease is intended to apply or to be enforceable to the extent that it would give rise to any offense under any relevant statute, or any state that may be enacted with
similar intent, as from time to time amended. Tenant acknowledges that the Covenant has been granted solely at the request of Tenant, and accordingly Tenant shall promptly indemnify and hold harmless Landlord from and against any claims made against
Landlord in connection therewith, whether of a criminal or civil nature, and Tenant shall reimburse Landlord for any and all costs and expenses incurred in connection with any enforcement of the Covenant by Landlord, including all legal fees (on a
solicitor and his own client basis) and expenses.

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