Document:

Lease Agreement

 Exhibit 10.8 
  
 LEASE 
  
 THIS LEASE, made on the 25th day of January, 2001 by MCM UNIVERSITY PLAZA, INC. d/b/a MCM PLAZA, whose address is 2 First National
Plaza, 20 South Clark Street, 3rd Floor, Chicago, Illinois 60603 (“Landlord”) and SunCoast National Bank (“Tenant”). 
  
 WITNESSETH: 
  
 In consideration of the rents, covenants and agreements hereinafter reserved and contained on the part of Tenant to be observed and performed, Landlord
demises and teases to Tenant, and Tenant rents from Landlord the Leased Premises (as defined in Section 1.1). Landlord and Tenant hereby agree as follows: 
  
 ARTICLE 1 
  
 LEASE SCHEDULE 
  
 The following definitions will be applicable to the various provisions of this Lease that refer to them: 
  
 SECTION 1.1 Leased Premises: The outparcel, former branch bank, of the office plaza
shown on the site plan attached as Exhibit “A” hereto, in the City of Sarasota, County of Sarasota, State of Florida, commonly known as MCM Plaza (the “Office Plaza”), the Leased Premises being outlined on the site plan and
consisting of an office containing an area of approximately 1992 square feet. 
  
 SECTION 1.2 Pro-Rata Share Factor: Tenant’s Pro Rata Share of the Office Plaza is 5.97%. 
  
 SECTION 1.3 Expiration Date: The
    Ten    (    10    ) anniversary of the last day of the month during which the original Term of this Lease commences; together with one
(1) Five (5) year option. 
  
 SECTION 1.4 Rent: Minimum Rent will be
payable at the annual rate, together with sales tax, in monthly installments as shown in Exhibit “C” and as further described in Section 4.1.1 herein below. 
  
 SECTION 1.5 Base Year: 2001. Commencement Date: Thirty days after receipt of all necessary regulatory approvals including but
not limited to F.D.I.C. and O.C.C., but no later than April 1, 2001. 
  
 SECTION 1.6 Tenant’s Initial Taxes Contribution: $120.23 per month from the Commencement Date until Landlord gives notice of a changed Taxes Contribution Amount to Tenant. 
  
 SECTION 1.7 Security: $3,000.00 
  
 SECTION 1.8 Tenant’s Guarantor: Not Applicable 
  
 SECTION 1.9 Permitted Uses: Tenant will use the Leased Premises solely for the
following purpose(s): Full Service Financial Institution. 
  
 1.9.1 Tenant’s Business Name: SunCoast National Bank 
  

 1 

 SECTION 1.10 Notice Addresses: 
  
 1.10.1 Landlord’s Notice Address: 
  

	
	 MICHAEL SAUNDERS & COMPANY

	 1801 Main Street

	 Sarasota, FL 34236

  
 1.10.2
Landlord’s Notice Copy Address: 
  

	
	 MCM University Plaza, Inc.

	 Two First National Plaza

	 20 South Clark Street, and Floor

	 Chicago, IL 60603

  
 1.10.3
Tenant’s Notice Address: 
  

	
	 SunCoast National Bank

	 8592 Potter Park Drive Suite 200

	 Sarasota, FL 34238

	 941-923-0500

  
 1.10.4
Tenant’s Notice Copy Address: 
  

	
	 __________________________________

	 __________________________________

	 __________________________________

	 __________________________________

  
 ARTICLE 2

  
 DEFINITIONS 
  
 As used in this Lease, the following words and phrases have the following
meanings: 
  
 SECTION 2.1 Common Area: means the entire Office Plaza,
except the portions of the Office Plaza upon which buildings, structures or other improvements have been erected and except the areas designated for other uses on Exhibit “A”. Common Area includes, without limitation all
areas, spaces, equipment and special services provided by Landlord for the common or joint use and benefit of the tenants of the Office Plaza, their employees, agents, servants, customers and other invitees, including, without limitation, Parking
Area (defined below), access roads, driveways, retaining walls, landscaping areas, truck serviceways or tunnels, loading docks, pedestrian malls, courts, stairs, ramps, elevator, and sidewalks, comfort and first aid stations, washrooms and parcel
pick-up stations. 
  
 SECTION 2.2 Expiration Date: If the term of
this Lease has been extended or if this Lease has been renewed, the Expiration Date will be the last day of the Term as so extended or renewed. If this Lease is cancelled or terminated prior to the originally fixed Expiration Date, then the
Expiration Date will be the date on which this Lease is so cancelled or terminated (but if this Lease is cancelled or terminated prior to the originally fixed Expiration Date by reason of Tenant’s Default, Tenant’s liability under the
provisions of this Lease will be determined in accordance with the default provisions of Article 16. 
  
 SECTION 2.3 Force Majeure: means any delay which arises from or through Acts of God; strikes, lockouts, or labor difficulty; explosion, sabotage, accident, riot, or civil commotion; act of war; fire or
other casualty; legal requirements; delays caused by the other party; and causes beyond the reasonable control of a party. 
  

 2 

 SECTION 2.4 Insurance Requirements: means the applicable provisions of the insurance policy carried by Landlord
covering the Leased Premises, or any part thereof; all requirements of the issuer of any such policy and the applicable regulations and other requirements of the National Board of Fire Underwriters, any applicable local board of fire underwriters,
and any other body exercising a similar function. 
  
 SECTION 2.5
Landlord’s Work: means the construction and other work designated as Landlord’s Work in the Plans and Specifications, if any, and/or the construction and other work described on Exhibit “D” attached hereto and
made a part hereof. 
  
 SECTION 2.6 Mortgage: means any mortgage
which may now or later encumber or be a lien upon the Leased Premises, the Office Plaza, the real property of which the Office Plaza forms a part, or Landlord’s interest in any of them and any spreading agreements, renewals, modifications,
consolidations, replacements and/or extensions of any Mortgage. 
  
 SECTION 2.7
Mortgagee: means the holder of any Mortgage. 
  
 SECTION 2.8 Parking
Area: means the portions of the Office Plaza which are designated as such by Landlord from time to time, for common, non-exclusive vehicle parking. 
  
 SECTION 2.9 Person: means an individual, fiduciary, estate, trust, partnership, firm, association, corporation, or other organization, or a government or
governmental authority. 
  
 SECTION 2.10 Pro Rata Share Factor: means the
proportion that the total square footage of floor area in the Leased Premises bears to the floor area of all of the space of the buildings (excluding any covered mall or any buildings or parts of buildings that are a part of the Common Area) located
in the Office Plaza. Floor area will be computed based on exterior dimensions. 
  
 SECTION 2.11 Repair: includes the words “replacement and restoration,” “replacement or restoration,” “replace and restore,” or “replace or restore,” as the case may be. 
  
 SECTION 2.12 Tenant’s Agents: Includes Tenant’s employees, servants,
licensees, concessionaires, tenants, subtenants, assignees, contractors, heirs successors, legatees, and devisees. 
  
 ARTICLE 3 
  
 GRANT AND TERM 
  
 SECTION 3.1 Commencement and Ending Date of
Term 
  
 The term of this lease will commence upon the
earlier to occur of: See Section 1.5. The term of this lease will expire on the date designated as the Expiration Date in Section 1.3. The date on which the term of this Lease commences is referred to as the “Commencement Date.”

  
 SECTION 3.2 Short Form Lease 
  
 Upon request of either party, the other will execute (a) a document in
recordable form setting forth the exact Commencement Data of the term of this Lease and (b) a short form of this Lease in proper form for recording, setting forth the Commencement Date and any provision of this Lease other than Article 4 or Section
1.7. 
  

 3 

 ARTICLE 4 
  

RENT, SECURITY, TAXES 
  
 SECTION 4.1 Minimum Rent 
  
 4.1.1 Tenant agrees to pay Minimum Rent to Landlord. The annual rate of Minimum Rent for the term of this Lease will be as provided in Exhibit
“C” and further defined in Section 1.4. Except for the first installment, Minimum Rent will be paid in equal monthly installments of $2,905.00 each, together with all applicable sales and use taxes levied thereon. Each monthly
installment will be due in advance. The first monthly installment of Minimum Rent will be due on the Commencement Date. Each subsequent installment will be due on the first day of each month during the term of this Lease next ensuing after the
Commencement Date. If the Commencement Date is not the first day of any month, Minimum Rent for the first partial calendar month of the term will be one-thirtieth (1/30th) of a normal monthly installment of Minimum Rent for each day of the period
from the day the Commencement Date occurs to the last day of the month in which the Commencement Date occurs. If the Expiration Date is not the last day of a month, Minimum Rent for the month in which the Expiration Date occurs will be one-thirtieth
(1/30th) of a normal rent installment for each day of the period from the first day of that month to the Expiration Date. 
  
 4.1.2 Tenant, contemporaneously with its execution of this Lease, has prepaid Landlord the sum of $6,100.50 as an estimated amount of the monthly
installment of the Minimum Rent due for the first and last full (or partial, as applicable) calendar month of the Term hereof, together with the sum of $427.03 as an estimated amount of the sales or use taxes to be levied thereon, at
the rate of taxation in effect as of the Commencement Date. Landlord agrees that Tenant shall receive a credit in the total amounts specified herein against the obligation of Tenant to pay its final installment of Minimum Rent, plus sales or use
taxes, due and payable for the last month of the term of this Lease, as scheduled. Notwithstanding the foregoing, in the event the rate of taxation shall change, or if this Lease shall terminate on a day earlier than the date as scheduled in
accordance with the terms and provisions of this Lease or by mutual agreement, or if the actual amount of the installment of Minimum Rent plus applicable sales or use taxes, is greater or lesser than the estimated amount prepaid to Landlord as
provided herein, then Landlord shall either refund to Tenant the overage, or Tenant shall pay to Landlord the deficiency amount, on the first day of the last calendar month or the term of this Lease, or the term of this Lease as extended.

  
 SECTION 4.2 Lease Year 
  
 The term “Lease Year” means a period of twelve (12) consecutive
months. The first Lease Year will begin on the date of commencement of the term hereof if the date of commencement of the term hereof will occur on the first day of a calendar month; if not, then the first Lease Year will commence upon the first day
of the calendar month next following the date of commencement of the term hereof. Each succeeding Lease Year will commence upon the anniversary date of the first Lease Year. 
  
 SECTION 4.3 Taxes 
  
 4.3.1 Tenant will pay to Landlord Tenant’s Pro Rata Share Factor of the taxes, public charges and assessments (and all costs and fees incurred by
Landlord in contesting the same and/or negotiating with the public authorities as to the same) assessed, levied or imposed upon the Office Plaza, the Leased Premises, the Common Area, or the land underlying any of the foregoing, during any
fiscal tax year that occurs wholly or partially during the term of this Lease (collectively, “Taxes”).* The term “Taxes” includes, without limitation, all county, city, school, sewer, solid waste, fire, lighting or special
district, taxes, assessments, costs and fees, as well as any storm water drainage assessments or fees, all together with any Florida state and/or local government sales, excise or rental tax thereon. The term “Taxes” embraces any taxes and
assessments which are special, unforeseen or extraordinary as well as those which are regular, foreseen or ordinary. Should any taxing authorities include in Taxes machinery, equipment, inventory or other personal property or assets of Tenant, then
Tenant will pay the entire Taxes for such items. Should any governmental authority impose, assess or levy a tax on rent or any other tax upon Landlord as a substitute in whole or in part for a real estate tax or assessment, the substitute tax will
be deemed to be a part of Taxes and will be deemed to have been levied upon the Office Plaza. Tenant’s Pro Rata Factor of the Office Plaza is 5.97%. 
  

	*	However, Tenant’s share of costs and fees incurred by Landlord in contesting and/or negotiation with public authorities as to taxes and assessments shall not exceed $1,000.00
per year. 

  

 4 

 4.3.2 During the period from the Commencement Date until Landlord gives Tenant a notice or a change in
amount, Tenant will pay to Landlord the Initial Taxes Contribution in the amount set forth in subsection 1.6. The first such Initial Taxes Contribution will be due on the Commencement Date and subsequent such Initial Taxes Contributions will
be due on the first day of each month thereafter. If the Commencement Date is not the first day of any month, the Initial Taxes Contribution for the first partial calendar month of the term will be one-thirtieth (1/30th) of a normal
monthly payment of Initial Taxes Contribution for each day of the period from the day the Commencement Date occurs to the last day of the month in which the Commencement Date occurs. If the Expiration Date is not the last day or a month, the Initial
Taxes Contribution for the month in which the Expiration Date occurs will be one-thirtieth (1/30th) of a normal monthly payment for each day of the period from the first day of that month to the Expiration Date. Landlord will use
Tenant’s Initial Taxes Contributions to pay Taxes as and when they become due. A photostatic copy of the tax bill, marked paid, will be conclusive evidence of the amount of Taxes due. 
  
 4.3.3 Landlord will estimate the Taxes applicable to the Office Plaza for the
current tax year and give Tenant notice of any change in amount of Tenant’s Initial Taxes Contribution. Tenant’s new Taxes Contribution will be computed by multiplying the total estimated Taxes for the Office Plaza by Tenant’s Pro
Rata Share Factor. On the first day of each month after the date of such notice until Landlord notifies Tenant of a subsequent change in amount, Tenant will pay to Landlord, in advance, one-twelfth (1/12th) of the most recent changed amount of
Tenant’s Taxes Contribution 
  
 4.3.4 Landlord will determine
the actual Taxes for the Office Plaza for each tax year which occurs wholly or partially during the term of this Lease on an accrual basis, in accordance with generally accepted accounting principles. After each such determination, Landlord will
notify Tenant of the total amount of Taxes for the Office Plaza for such period, and Tenant’s Pro Rata Share Factor as applied to such actual Taxes. If the total of Taxes Contributions paid by Tenant to Landlord during such tax year exceeds the
actual amount of Taxes multiplied by Tenant’s Pro Rata Share Factor for the period, Landlord may, at its option, pay any such excess to Tenant, or credit such excess against the next Taxes Contributions to come due. If Tenant’s Pro Rata
Share Factor multiplied by the actual Taxes during such tax year exceeds the total of Tenant’s Taxes Contributions paid to Landlord during the same period, then Tenant will pay any such excess to Landlord within ten (10) days after landlord
gives Tenant a bill for such excess. 
  
 4.3.5 Any changes in
Tenant’s Pro Rata Share Factor occurring, during any monthly period by reason of changes in the rentable area of the Leased Premises or the Office Plaza will be effective on the first day of the next succeeding monthly period. However. in no
event shall Tenant’s, pro rata share increase due to changes in the rentable area. 
  
 SECTION 4.4 Security 
  
 4.4.1 Tenant,
contemporaneously with its execution of this Lease and in addition to any advanced or prepaid Minimum Rent, has deposited with Landlord the Security as provided in Section 1, receipt of which is hereby acknowledged by Landlord. The Security will be
held by Landlord as security for the faithful performance by Tenant of all of the terms, covenants, and conditions of this Lease. If at any time during the term of this Lease Tenant is in Default (as defined in Article 16), Landlord may use, apply
or retain all or any part of the Security for the payment of (a) any Minimum Rent, Additional Rent or other sums payable by Tenant to Landlord hereunder which Tenant was obligated to pay but did not pay; (b) any sum expended by Landlord on
Tenant’s behalf in accordance with the provisions of this Lease, or (c) any sum which Landlord may expend or be required to expend as a result of Tenant’s Default, including any damages or deficiency in the reletting of the Leased
Premises. The use, application or retention of the Security will not prevent Landlord from exercising any other right or remedy provided for under this Lease or at law and will not limit any recovery to which Landlord may otherwise be entitled.

  

 5 

 4.4.2 The Security will bear no interest. Landlord is entitled to commingle the Security with other funds
of Landlord. 
  
 4.4.3 Should the entire Security, or any portion
thereof, be appropriated and applied by Landlord for the payment of overdue Minimum Rent, Additional Rent or other sums due and payable to Landlord by Tenant hereunder, then Tenant will, upon the written demand or Landlord, forthwith remit a
sufficient amount in cash to restore the Security to the original sum deposited, and Tenant’s failure to do so within ten (10) days after receipt of such demand will constitute a Default under this Lease. 
  
 4.4.4 If Tenant fully and faithfully complies with all of the terms,
covenants and conditions of this Lease, then the Security, or any balance of it remaining, will be returned to Tenant within thirty (30) days after the Expiration Date or within thirty (30) days after any later date on which Tenant vacates the
Leased Premises. In the absence of evidence satisfactory to Landlord of any assignment of right to receive the Security or the remaining balance of it, Landlord may return the Security to the original Tenant, regardless of one or more assignments of
Tenant’s interest in the Security. In such event, upon return of the Security (or balance of it) to the original Tenant, Landlord will be completely relieved of liability with respect to the Security. 
  
 4.4.5 In the event of a transfer of Landlord’s interest in the Leased
Premises, Landlord will have the right to transfer the Security to the transferee of Landlord’s interest. In such event, Landlord will be deemed released by Tenant from all liability for the return of the Security and Tenant agrees to look
solely to the transferee for the return of the Security. 
  
 4.4.6
The Security will not be mortgaged, assigned, pledged, hypothecated or encumbered in any way by Tenant. No action of Landlord in enforcing its rights with respect to a Default will be deemed to be a termination of this Lease so that Tenant will be
entitled to the return of the Security. 
  
 SECTION 4.5 Additional Rent

  
 Wherever it is provided in this Lease that Tenant is
required to make any payment to Landlord or Landlord’s agent, such payment will be deemed to be Additional Rent and all remedies applicable to the non-payment of Minimum Rent will be applicable thereto. 
  
 SECTION 4.6 No offset 
  
 Minimum Rent and Additional Rent will be paid without counterclaim, setoff, deduction or defense. 
  
 SECTION 4.7 Payment of Rent 
  
 Minimum Rent and Additional Rent and all other charges that Tenant is
required to pay to Landlord will be payable to Michael Saunders & Company, as agent for Landlord at Landlord’s Notice Address or to any other place designated by notice given by Landlord to Tenant from time to time. 
  
 SECTION 4.8 Past Due Rent and Additional Rent 
  
 If Tenant fails to pay within ten (10) days after the same is due and
payable any Minimum Rent or any Additional Rent, or any other amounts or charges payable by Tenant under this Lease, such unpaid amounts will be increased by a late charge equal to five percent (5%) of the unpaid amount, and such payment, as
increased, will thereafter bear interest from the due date thereof to the date of payment at the highest lawful rate permitted to be charged under Florida law. 
  

 6 

 SECTION 4.9 Sales and Rental Tax 
  
 Tenant will pay to Landlord all sales, excise, use and/or rental tax imposed by the State of Florida, the county or
municipal government, or any other governmental agency with respect Minimum Rent, pursuant to the terms of this Lease. 
  
 ARTICLE 5 
  
 CONDITION OR LEASED PREMISES; ALTERATIONS, ETC. 
  
 SECTION 5.1 Condition of Leased Premises; Alterations, Etc. 
  
 A. Except as provided in Section 14B, Tenant shall keep and maintain in good order, condition and repair (including replacement of parts and equipment,
necessary) the Leased Premises and every part thereof and any and all appurtenances thereto wherever located, including, storefront, all plumbing and sewage facilities within the Leased Premises, including free flow up to the main sewer line (unless
caused outside of the Leased Premises), all fixtures, heating, air conditioning sprinkler, and electrical systems which service the Leased Premises, and all walls, floors, and ceilings, periodic painting of the Buildings exterior, asphalt
repairs/seal coating/striping, routine sweeping and cleaning of the parking areas, exterior sidewalks, and repairs and upkeep of the landscape irrigation system, repairs and upkeep of all exterior lighting and maintenance of all landscaping
material. Tenant shall also perform routine maintenance and patching of the roof. Tenant shall hire a licensed mechanical contractor for the purpose of performing preventive maintenance services and routine repairs on a minimum quarterly basis. All
repairs and replacements to contractors, fans, relays, freon leaks, and other minor components are Tenant’s responsibility. 
  
 B. Landlord, at its sole cost and expense, shall maintain in good condition and repair the structural components of the Building, including, without
limitation, footings and foundations, bearing and exterior walls. Subflooring and replacement of the roof. 
  
 C. Tenant shall keep and maintain the Leased Premises in a clean, sanitary and safe condition in accordance with the laws of the State of Florida and in
accordance with all directions rules and regulations of the health officer, fire marshal. Building inspector, or other proper officials of the governmental agencies having jurisdiction, at the sole cost and expense of Tenant, and Tenant shall comply
with all requirements of law, ordinance and otherwise, affecting the Leased Premises. If Tenant refuses or neglects to commence and to complete repairs promptly and adequately, Landlord may, but shall not be required to, make and complete said
repairs and Tenant shall pay the cost thereof to Landlord as Additional Rent upon demand, plus interest at the Interest Rate. At the time of the expiration of the tenancy created herein, Tenant shall surrender the Leased Premises in good
condition, reasonable wear and tear, loss by fire or other unavoidable casualty excepted. In the event Tenant had made Alterations to the Leased Premises, Landlord may, at its option, require Tenant to restore the Leased Premises to the condition
upon delivery of Tenant’s cost and expense, subject to the provision of Section 20 below. 
  
 SECTION 5.2 Alterations and Additions to Buildings by Landlord 
  
 Landlord also reserves the right from time to time to construct other buildings or improvements in the Office Plaza (including the Common Area and Parking
Area thereof), providing there is no material adverse change in access or visibility of the Leased Premises from the abutting dedicated thoroughfares and providing the number of parking spaces are not materially adversely affected. Landlord further
reserves the right to grant exclusive parking spaces to certain tenants of the Office Plaza.* Landlord further reserves the right to make alterations or additions to any existing building or buildings within the Office Plaza and to build additional
stories, office spaces, rooms or wings on any such building or buildings; to build adjoining same and to construct double deck or elevated parking facilities thereon.** 
  

	*	Provided that Landlord otherwise complies with the terms of Paragraph 7.2. 

	**	Other than to the building in which premises is located. 

  

 7 

 SECTION 5.3 Alterations and Additions to Leased Premises by Tenant 
  
 Tenant will make no alterations, additions, or improvements to the Leased
Premises without Landlord’s prior written consent.** If Landlord grants consent, the alterations, additions or improvements will be performed in a good and workmanlike manner in accordance with all applicable laws, ordinances, codes and
Insurance Requirements. Upon final completion of any approved alterations, additions or improvements, Tenant will furnish Landlord with a sworn affidavit of Tenant stating that all persons entitled to payment in connection with design, construction
and installation of the alterations, additions or improvements have been paid in full, or, if not all have been paid in full, stating the names of those entitled to payment and the amounts due. With respect to any person(s) shown in the affidavit as
a person or persons to whom payment remains due, Tenant will promptly deliver to Landlord lien waivers and releases or other evidence satisfactory to Landlord evidencing that such unpaid contractors, laborers and material suppliers employed in
connection with the work have been paid in full. Any permitted additions, alterations, or improvements will be performed at Tenant’s sole cost and expense, unless herein otherwise expressly provided. 

	***	Which shall not unreasonably be withheld. 

  
 SECTION 5.4 Construction Liens 
  
 All persons are hereby notified that Landlord’s interest in the Leased Premises will never, under any circumstances, be subject to construction liens
of any nature during the term of this Lease as the result of labor, materials or services contracted by Tenant. Tenant will not suffer or permit any construction or other liens to be filed against all or any portion of the Leased Premises, nor
against Tenant’s leasehold interest therein by reason of work, labor, services, or materials supplied or claimed to have been supplied to Tenant, and nothing in this Lease will be deemed or construed in any way as constituting the consent or
request of Landlord, express or implied, to any contractor, subcontractor, subcontractor, laborer, or material/supplier for the performance of any labor or the furnishing of any materials for any specific improvement, alteration, or repair of the
Leased Premises, nor as giving Tenant any right, power, or authority to contract for or permit the rendering of any services or the furnishing of any materials that would give rise to the filing of any construction or other liens against the Leased
Premises. If any such construction liens are filed against the Leased Premises at any time, Tenant will cause the same to be discharged of record within ten (10) days after the date of recordation of the lien. If Tenant fails to discharge the lien,
Landlord may bond or pay the lien or claim for the account of Tenant without inquiring into the validity of the lien. Any amount expended by Landlord to pay or bond the lien will be Additional Rent under this Lease and will be immediately due and
payable to Landlord by Tenant. Tenant agrees that if a short form of this Lease is recorded in the Public Records of the county in which the Office Plaza is located, it will include a provision expressly prohibiting the attachment of the aforesaid
construction or other liens to Landlord’s interest in the Leased Premises as stated above. 
  
 SECTION 5.5 Signs, Awnings and Canopies SEE ATTACHED EXHIBIT E 
  
 5.5.1 Tenant shall have the right to maintain signage on the Leased Premises subject to the reasonable approval of the size, location, shape and design of
such signs by Landlord. Landlord’s approval shall not be unreasonably withheld, conditioned or delayed. Tenant shall have the right to display its name on the entrance doors of the Building, on the Leased Premises and shall have exclusive use
of the pylon sign immediately adjoining the building, as Landlord shall reasonably approve, such approval not to be unreasonably withheld, conditioned or delayed. A description of approved signage and its location is attached hereto and incorporated
herein by this reference of as Exhibit “E”. 
  
 5.5.2
The parties specifically agree that the signage described on attached Exhibit “E” has been approved by Landlord. 
  
 SECTION 5.6 Insurance Covering Tenant’s Work 
  
 Tenant will not make any alterations, repairs or installations, or perform any other work to the Leased Premises unless prior to the commencement of the
work, in addition to obtaining Landlord’s consent as provided in Section 5.3, 

  

 8 

 
Tenant obtains or causes to be obtained (and during the performance of the work keeps in force) public liability and worker’s compensation insurance to
cover every contractor to be employed. The policies must be non-cancellable by the insurer without at least ten (10) days’ notice to Landlord. Insurance will be carried with companies reasonably satisfactory to Landlord. Coverage limits will be
reasonably satisfactory to Landlord. Prior to the commencement of the work, Tenant will deliver duplicate originals or certificates of the insurance policies to Landlord. 
  
 ARTICLE 6 
  
 USE AND OPERATION 
  
 SECTION 6.1 Use of Premises 
  
 Tenant will use the Leased Premises solely for the uses designated as Permitted Uses in subsection 1.9, subject to requirements of applicable law, and for
no other purpose. 
  
 In the event Tenant changes the name under
which business is being conducted, it will immediately notify Landlord in writing of the change. 
  
 SECTION 6.2 Injury to Office Plaza 
  
 Tenant will not perform any acts or carry on any practices which may injure the Leased Premises, the building in which the Leased Premises are located, or the Office Plaza, or that would be a nuisance or menace to
other tenants in the Office Plaza. 
  
 SECTION 6.3 Office Operations

  
 6.3.1 Tenant will keep the Leased Premises (including
exterior and interior portions of all windows, doors and all other glass) in a neat and clean condition. Landlord is not responsible for janitorial services on the Lease Premises. 
  
 6.3.2 Tenant will pay before delinquency any and all taxes, assessments and public charges levied, assessed or imposed upon
Tenant’s business or upon Tenant’s fixtures, furnishings or equipment in the Leased Premises. 
  
 6.3.3 Tenant will pay when and as due all license fees, permit fees and charges of a similar nature for the conduct of any business or undertaking
authorized hereunder to be conducted in the Leased Premises. 
  
 6.3.4 Tenant agrees that all garbage and refuse will be kept on the Leased Premises in a sturdy dumpster or container totally screened from view so that it is not visible from the public streets or any adjacent properties owned and operated
by Landlord. All garbage and refuse will be prepared for collection in the manner and at the times and places specified by Landlord or the local trash collection service provider. Tenant agrees not to burn or permit any burning of garbage or refuse
in or on the Leased Premises. Tenant will pay for all costs associated with garbage collection. 
  
 6.3.5 Tenant agrees that it will comply with and observe all restrictive covenants which affect or are applicable to the Leased Premises and the Common
Area. 
  
 SECTION 6.4 Restrictions on Tenant’s Activities at the Leased
Premises 
  
 6.4.1 Tenant will not use the sidewalk adjacent
to or any other space outside the Leased Premises for display, sale or any other similar undertaking. The foregoing notwithstanding, Tenant shall be permitted to have special promotional events that last no more than one day and occur more
frequently than quarterly on the sidewalk or parking lot adjacent to the building. 
  

 9 

 During such special events Tenant agrees not to unreasonably interfere with other Tenants in the Plaza.

  
 6.4.2 Tenant will not use any loud-speaker advertising or
other advertising medium which will disturb any Tenants in any adjacent properties owned and operated by Landlord. 
  
 6.4.3 Tenant will not use the plumbing facilities of the Leased Premises for any purpose other than that for which they were constructed. Tenant will not
dispose of any substances in such facilities which may clog, erode, or damage the plumbing pipes, lines, or conduits of the Leased Premises, whether through the utilization of “garbage disposal” units or otherwise. The foregoing will not
be deemed to permit Tenant to use the Leased Premises as provided in the preceding sentence unless such use is specified in Section 1.9. 
  
 6.4.4 Tenant will not place a load on any floor exceeding the floor load per square foot which such floor was designed to carry. Tenant will not install,
operate or maintain any heavy item of equipment in the Leased Premises except in such manner as to achieve a proper distribution of weight. 
  
 6.4.5 Tenant will not use the roof of the Leased Premises for any purpose. Tenant will not use exterior walls of the Leased Premises, except that Tenant
may use the show windows of the Leased Premises, and except that Tenant may maintain a sign or signs with the prior approval of Landlord, in accordance with Section 5.5. Tenant will not cause a violation of, or do any act which may result in a
violation of, the roof bond with respect to the Leased Premises. 
  
 6.4.6 Tenant will not use any forklift truck, tow truck or any other machine for handling freight unless such use is approved in advance by Landlord. 
  

SECTION 6.5 Insurance Rate 
  
 Tenant will comply with all Insurance Requirements relating to or affecting the Leased Premises. If the insurance premiums applicable to the Leased
Premises exceed the rate that would have been applicable to the Office Plaza or the building in which the Leases Premises is located as a result of any failure by Tenant to comply with Insurance Requirements, or as a result of or in connection with
the use to which the Leased Premises are put by Tenant, Tenant will reimburse Landlord for the excess. The reimbursement will be made within ten (l0) days after Landlord renders a bill therefor. For purposes of this Section, any finding or schedule
of a fire insurance rating organization having jurisdiction over the Leased Premises will be deemed to be conclusive. 
  
 SECTION 6.6 Illegal Purposes 
  
 Tenant will not use the Leased Premises for any illegal trade, manufacture, or other business, or for any other illegal purpose. 
  
 ARTICLE 7 
  
 PARKING AND COMMON USE AREAS AND FACILITIES 
  
 SECTION 7.1 Control of Common Area by Landlord 
  
 7.1.1 All automobile parking areas, driveways, entrances and exits thereto,
and other facilities furnished by Landlord in or near the Office Plaza, including employee parking areas, the truck way or ways, loading docks, package pick-up stations, pedestrian sidewalks and ramps, landscaped areas, exterior stairways, first-aid
stations, comfort stations and other areas and improvements provided by Landlord for the general use, in common, of Tenants, their officers, agents, employees and customers, are at all times subject to the exclusive control and management of
Landlord. 
  

 10 

 7.1.2 Landlord has the right from time to time (but not the obligation), (a) to construct, maintain or
operate lighting facilities on all said areas and improvements, (b) to implement security measures for the same, (c) to change the area, level, location and arrangement of the Common Area and/or Parking Area, (d) to restrict parking by tenants,
their officers, agents and employees to a portion or portions of the Parking Area designated for such use, (e) to close all or any portion of the Common Area or Parking Area to such extent as may, in the opinion of Landlord’s counsel, be
legally sufficient to prevent a dedication thereof or the accrual of any rights to any person or the public therein, (f) to close temporarily all or any or the Common Area or Parking Area, (g) to discourage non-customer parking, (h) to prohibit
parking or passage of vehicles in portions of the Parking Area previously designated for parking or passage, (i) to erect additional buildings on the Common Area or change the location of buildings or other structures set forth on
Exhibit “A” to any location in the Office Plaza including the Common Area (upon erection or change of location, the portion of the Office Plaza upon which buildings or structures have been erected will no longer be deemed to
be a part of the Common Area), and (i) to do and perform such other acts in and to the Common Area and Parking Area as Landlord may determine to be necessary or desirable to improve the convenience and use thereof by tenants, their officers, agents,
employees and customers, the foregoing not withstanding, Landlord will not interfere with the parking rights granted to Tenant in Paragraph 7.2. 
  
 7.1.3 Landlord will operate and maintain the Common Area and Parking Area referred to above in such manner as Landlord, in its sole discretion, may
determine from time to time. Without limiting the scope of such discretion, Landlord has the full right and authority from time to time to employ all personnel and to make all reasonable rules and regulations pertaining to and necessary for the
proper operation and maintenance of the Common Area and Parking Area. 
  
 SECTION 7.2 License 
  
 Tenant shall, during its
business hours have exclusive use of 17 parking spaces located on the Leased Premises and depicted in Exhibit B attached hereto, for use by Tenant, its employees and customers (the “Tenant Spaces”). Tenant, its employees and customers,
shall have the nonexclusive right in common with others to use any of the parking spaces located on the Center Property. Tenant may post the Tenant Spaces as for “Bank Use Only” or similar designation. Landlord covenants that it shall not
permit other tenants of the Center or their agents, guests, employees, or others using the Tenant Spaces at the invitation of any of them to litter the Leased Premises and Landlord shall be responsible for clearing the Leased Premises of refuse
deposited on the Leased Premises by persons other than Tenant who use the Tenant Spaces after Tenant’s business hours. Landlord shall defend, indemnify and hold Tenant harmless from any and all claims, costs (including, but not limited to
reasonable attorney fees), liabilities and judgment arising from use of the Tenant Spaces by persons other than Tenant after Tenant’s normal business hours. 
  
 Notwithstanding the foregoing, Tenant acknowledges and agrees that the handicap parking facilities (the “Parking
Facilities”), including but not limited to the number of handicap parking spaces provided, requisite access aisles adjacent to the handicap parking spaces and therefore any modifications and/or alterations which may be required by any local
state or federal governmental agency to comply with ADA Standards will be at the sole cost and expense of the Tenant. In the event modifications are required and such modifications result in Tenant having less than 17 parking spaces within the Lease
Premises Landlord agrees to make available to Tenant at no additional cost, a parking space or spaces (which shall be adjacent to the existing Tenant Spaces) so that the Tenant at all times has 17 Tenant Spaces. 
  
 ARTICLE 8 
  
 REPAIRS, SURRENDER, RULES AND REGULATIONS 
  
 SECTION 8.1 Repairs by Tenant 
  
 Except for the repairs that Landlord has agreed to make under subsection 8.2
below, Tenant will make all repairs to the Leased Premises which are necessary or desirable to keep the Leased Premises in good order and repair and in a safe, dry and tenantable, condition at all times. Without limiting the generality of the

  

 11 

 
foregoing, Tenant will at all times keep any exterior surfaces of the Leased Premises, such as glass and show window moldings, and all partitions, doors,
fixtures, equipment, systems and appurtenances thereto (including lighting, heating and plumbing fixtures, and any air conditioning system) in good order, condition and repair (including reasonably periodic painting as determined by Landlord). If
Landlord is required to make repairs to structural portions of the Leased Premises by reason of the negligent or intentional acts of Tenant, Tenant’s Agents or invitees, the cost of such repairs will be Additional Rent and will be due and
payable within ten (10) days after Landlord gives Tenant a bill for such repairs. 
  
 SECTION 8.2 Repairs by Landlord 
  
 Upon
reasonable notice from Tenant, Landlord will make necessary structural repairs to the roof, foundation, exterior walls and any load-bearing interior walls of the Leased Premises and Landlord will keep in good order, condition and repair the down
spouts and gutters of the Leased Premises. Landlord will not be required to make any repairs to windows, plate glass, doors or any fixtures or appurtenances composed of glass and Landlord will not be required to repair any damage caused by any act,
omission or negligence of Tenant, Tenant’s Agents or Tenant’s invitees. If Tenant refuses or neglects to make repairs as required hereunder to the satisfaction of Landlord, Landlord may make such repairs without liability to Tenant for any
loss or damage that may accrue to Tenants merchandise, fixtures, or other property or to Tenant’s business by reason thereof, and upon completion thereof, Tenant will pay Landlord’s costs for making such repairs plus a sum equal to fifteen
percent (15%) of the cost of the repairs to cover Landlord’s costs of administration. The cost of such repairs will be Additional Rent and will be due and payable within ten (10) days after Landlord gives Tenant a bill for such repairs.

  
 SECTION 8.3 Approval by Landlord of Repairs 
  
 If the reasonable cost of any repair required or permitted to be performed
by Tenant under any provision of this Lease exceeds One Thousand Dollars ($1,000.00), or affects any structural or load-bearing portions of the Leased Premises, Tenant will give prior written notice to Landlord before any work is performed. Except
in the event of an emergency, Landlord may give notice to Tenant (within ten (10) days after Tenant’s notice is given) that it desires to approve plans and specifications with respect to any repairs. If Landlord gives such notice to Tenant, no
repair or alteration will be commenced until plans and specifications therefore have been submitted to and approved by Landlord. After approval of the plans and specifications, the work will then be commenced promptly, performed in accordance with
the approved plans and specifications, and prosecuted diligently to completion. Landlord will nor withhold consent unreasonably. 
  
 SECTION 8.4 Electrical Lines 
  
 If Tenant installs any electrical equipment that overloads the lines in the Leased Premises, Landlord may require Tenant to make whatever changes to the
lines may be necessary to return them to good order and repair, and in compliance with all Insurance Requirements and applicable legal requirements of governmental authorities. 
  
 SECTION 8.5 Surrender of Leased Premises 
  
 On the Expiration Date, Tenant will surrender the Leased Premises broom clean and in good condition and repair, together with all alterations, fixtures,
installations, additions and improvements which may have been made in or attached on or to the Leased Premises. Upon surrender, Tenant will remove its trade fixtures, repair any damage to the Leased Premises caused thereby, and surrender all keys
for the Leased Premises to Landlord at the place then fixed for the payment of Minimum Rent. At such time, Tenant will also inform Landlord of all combinations on looks, safes and vaults, if any, in the Leased Premises. Landlord may require Tenant
to restore the Leased Premises so that they will be as they were on the Commencement Date. Tenant’s obligation to observe or perform the covenant will survive the expiration or other termination of the term of this lease. 
  

 12 

 SECTION 8.6 Rules and Regulations 
  
 The rules and regulations appended to this Lease as Exhibit “D” are hereby made apart of this Lease,
and Tenant agrees to comply with and observe the same. Tenant’s failure to keep and observe all rules and regulations will constitute a breach of the terms of this Lease in the same manner as if the same were contained herein as covenants.
Landlord reserves the right from time to time to amend or supplement the rules and regulations and to adopt and promulgate additional rules and regulations applicable to the Leased Premises and the Office Plaza. Notice of such additional rules and
regulations and amendments and supplements, if any, will be given to Tenant, and Tenant agrees thereupon to comply with and observe all such rules and regulations, and amendments and supplements thereto. In the event of a conflict with the
provisions of this Lease, this Lease will prevail. 
  
 ARTICLE 9

  
 INSURANCE AND INDEMNITY 
  
 SECTION 9.1 Liability Insurance 
  
 Tenant will, during the entire term hereof, keep in full force and effect a
policy of public liability and property damage insurance with respect to the Leased Premises, and the business operated by Tenant and any other persons in, on or from the Leased Premises. Landlord and any designee of Landlord will be named as
additional insureds. The liability insurance policy will protect Landlord, Tenant and any designee of Landlord against any liability which arises from any occurrence on or about the Leased Premises or any appurtenance of the Leased Premises or which
arises from any of the matters indicated in Section 9.3 against which Tenant is required to indemnify Landlord. The insurance will be written through a good and solvent insurance company satisfactory to Landlord and a current copy of the policy and
a current certificate for the insurance will be delivered to Landlord. The coverage limits of the policy for personal injury will not be less than $500,000.00 per person and $1,000,000.00 per accident and the property damage liability will be not
less than $100,000.00. Tenant will also obtain and keep in full force and effect during the term of this Lease umbrella excess liability coverage over the primary policy limits, with stated limits of public liability of not less than $3,000,000.00.
All policies of insurance will contain a clause that the insurer will not cancel or change the insurance without first giving Landlord ten (10) days prior written notice. 
  
 SECTION 9.2 Increase in Fire Insurance Premium 
  
 9.2.1 Tenant agrees that it will not keep, use, sell or offer for sale in or upon the Leased Premises any article which may
be prohibited by the standard form of fire insurance policy. Tenant agrees to pay any increase in premiums for fire and extended coverage insurance that may be charged during the term of this Lease on the amount of such insurance which may be
carried by Landlord on the Leased Premises or the building of which they are a part, resulting from the type of merchandise sold or activities engaged in by Tenant or Tenant’s Agents in the Leased Premises, whether or not Landlord has consented
to the same. In determining whether increased premiums are the result of Tenant’s use of the Leased Premises, a schedule, issued by the organization making the insurance rate on the Leased Premises, showing the various components of such rate,
will be conclusive evidence of the several items and charges which make up the fire insurance rate on the Leased Premises. 
  
 9.2.2 In the event that Tenant’s occupancy causes any increase of the premiums for the fire and extended coverage insurance on the Leased Premises,
or any part thereof, above the then-current rates, Tenant will pay the additional premiums promptly. Tenant also will pay, in such event, any additional premiums on the rent insurance policy that may be carried by Landlord for its protection against
rent loss through fire. Bills for such additional premiums will be rendered by Landlord to Tenant at such time as Landlord may elect, and will be due from and payable by Tenant when rendered and the amount thereof will be deemed to be, and be paid
as, Additional Rent. 
  

 13 

 SECTION 9.3 Indemnification of Landlord 
  
 Tenant will indemnify Landlord and save it harmless from and against any and all claims, actions, damages, liability and
expense in connection with loss of life, personal injury and/or damage to property which either (A) arise from or are in connection with the possession, use, occupation, management, repair, maintenance or control of the Leased Premises, or any
portion thereof; (B) arise from or are in connection with any act or omission of Tenant or Tenant’s Agents; (C) result from any Default (as hereinafter declined), breach, violation or nonperformance of this Lease or any provision of this Lease
by Tenant; or (D) result in injury to person or property or loss of life sustained in or about the Leased Premises. If Landlord is made a party to any litigation or proceeding commenced by or against Tenant, then Tenant will indemnify and hold
Landlord harmless and will pay all damages, costs, expenses and reasonable attorney’s fees incurred or paid by Landlord in connection with such litigation or proceeding. Tenant will also satisfy, pay and discharge any judgments, orders and/or
decrees which may be recovered against Landlord in connection with the foregoing. Tenant will also pay all costs, expenses and reasonable attorney’s fees that may be incurred or paid by Landlord in enforcing the covenants and agreements
contained in this Lease. The foregoing, notwithstanding this indemnity all not apply in the event of Landlords willful misconduct or gross negligence. 
  
 SECTION 9.4 Hazardous Substances; Indemnification 
  
 9.4.1 Without limiting the generality of subsection 9.3 above, Tenant covenants, represents and warrants that it will not, nor will it allow or permit any
of Tenant’s Agents to, introduce, dispose of or release any oil, toxic substance, hazardous substance, solid waste, wastes, or contaminant on the Leased Premises (collectively, “Hazardous Substances”).* The terns “hazardous
substance” and “release” will have the meanings specified in the Federal Comprehensive Environmental Response, Compensation and Liability Act of 1980 (“CERCLA”), as amended from time to time, also known as
“Superfund;” the terms “solid waste” and “disposal”, “dispose” or “disposed” will have the meanings specified in the Federal Resource Conservation and Recovery Act of 1976 (“RCRA”), as
amended from time to time, and the terms “wastes” and “contaminant” will have the meanings specified in the State of Florida’s 1974 Resource Recovery and Management Act (“RRMA”), as amended from time to time,
except that if such acts are amended or other rules, regulations or statutes are enacted to broaden the meanings thereof, the broader meaning will apply herein. Tenant will give Landlord verbal and written notice of the occurrence of any
introduction, release or disposal of Hazardous Substances on the Leased Premises or the Office Plaza within twenty-four (24) (hours after Tenant becomes aware of such occurrence. 

	*	Other than in compliance with all applicable law. 

  
 9.4.2 Tenant will defend, indemnify and hold Landlord harmless of and from any and all losses, damages, claims, costs, fees, penalties, charges,
assessments, taxes, fines or expenses including reasonable attorneys’ fees and legal assistants’ fees (collectively, “Damages”), arising out of any claim asserted by any person, entity, agency, organization or body (collectively,
“Third Parties”) against Landlord, as a result of breach of the covenants, warranties and representations contained in this subsection, or asserted by any Third Parties against Landlord, in connection with liability associated with
cleaning up, removing, disposing of or otherwise eliminating any Hazardous Substances introduced to, or released or disposed of on the Leased Premises or the Office Plaza by Tenant, its partners, officers, directors, or stockholders, Tenant’s
Agents, or Tenant’s customers or invitees. This indemnity includes, but is not limited to, any Damages incurred by Landlord under CERCLA, RCRA or under RRMA. In the event that Landlord incurs any Damages in connection with cleaning up,
removing, disposal of or otherwise eliminating Hazardous Substances from the Leased Premises, such Damages will constitute Additional Rental due from Tenant to Landlord and will be immediately due and payable in full. The provisions of this
subsection will survive the expiration or termination of this Lease. 
  
 9.4.3 Landlord will have the option, but will not be obligated, to exercise any of its rights as provided in subsection 9.4.2 of this Lease and may enter onto the Leased Premises and take any actions it deems
necessary or advisable to clean up, remove, resolve or minimize the impact of, or otherwise deal with, any Hazardous Substances, upon Landlord’s receipt of any notice from any person asserting that the introduction to, release or 

  

 14 

 
discharge of Hazardous Substances upon the Leased Premises has occurred. All costs and expenses incurred by Landlord in the exercise of any such rights plus
fifteen percent (15%) of such amount to cover Landlord’s administrative expense, will be deemed to be Additional Rent hereunder and will be payable to Landlord upon demand. 
  
 SECTION 9.5 Plate Glass 
  
 Tenant will replace, at the expense of Tenant, any and all plate and other glass in or about the Leased Premises damaged or broken from any cause
whatsoever. Tenant will insure, and keep insured, at Tenant’s expense, all plate and other glass in the Leased Premises for and in the name of Landlord, through an insurance company and in amounts satisfactory to Landlord. 
  
 ARTICLE 10 
  
 UTILITIES 
  
 SECTION 10.1 Electric Service 
  
 Tenant will keep such meter or any other meter measuring the electric
current consumed at the Leased Premises in good order and repair. Tenant will pay for all electricity consumed at the Leased Premises, including that consumed while Tenant is doing Tenant’s Work. Tenant will pay the cost of all connection
charges, fees and deposits required by the utility supplying electrical service to the Leased Premises. 
  
 SECTION 10.2 Heat, Air Conditioning 
  
 Landlord has (or will have prior to the Commencement Date), at its cost and expense, preinstalled an air conditioning and heating system which will provide heat and conditioned air to the Leased Premises in accordance
with Landlord’s standard requirements for the Office Plaza. Tenant is responsible for maintaining the air conditioning and heating system in good working condition and repair at all times, including, but not limited to, all repairs and
replacements of contactors, fans, relay switches, freon leaks and other minor components. Tenant will enter into and pay the cost of a professional maintenance contract for care and servicing of the air conditioning system on a regular basis during
the entire term of this Lease, and will provide Landlord with a copy of such contract. Landlord shall be responsible for replacing such components as compressors, condensers and air handlers. 
  
 SECTION 10.3 Water Meter 
  
 Tenant will keep the meter and any supply equipment in good order and
repair. Tenant will pay for all water consumed at the Leased Premises, as well as all charges, fees and deposits required to be paid by the utility supplying water and sewer service. In addition, Tenant will pay to Landlord any sewer rent or charge
or any other tax, rent, levy or charge imposed in connection with Tenants’ use, consumption or supply of water, water system, or sewerage connection or system. If any sewer or water rent, charge, tax or levy is imposed against the Leased
Premises, Tenant will pay the full amount thereof. 
  
 ARTICLE
11 
  
 ESTOPPEL CERTIFICATE, ATTORNMENT, SUBORDINATION
SECTION 
  
 SECTION 11.1 Estoppel Certificate 
  
 11.1.1 Within ten (10) days after each request by Landlord, (excluding
Saturdays, Sundays and legal holidays) Tenant will deliver an estoppel certificate to Landlord. Estoppel certificates will be in writing, will be acknowledged, and will be in proper form for recording. Estoppel certificates will be executed by
Tenant if Tenant is an individual proprietorship, by a general partner of Tenant if Tenant is a partnership, or by the President or a Vice President if Tenant is a corporation. Each estoppel certificate will be certified to Landlord, any Mortgagee,
any assignee of any Mortgagee, any purchaser, and/or any other person specified by Landlord. 
  

 15 

 11.1.2 Each estoppel certificate will contain the following information certified by the person executing
it on behalf of Tenant: (1) whether or not Tenant is in possession of the Leased Premises; (ii) whether or not this Lease is unmodified and in full force and effect (if there has been a modification of this Lease the certificate will state that this
Lease is in full force and effect as modified, and will set forth the modification); (iii) whether or not Tenant contends that Landlord is in default under this Lease in any respect; (iv) whether or not there are then existing set-offs or defenses
against the enforcement of any right or remedy of Landlord, or any duty or obligation of Tenant (and if so, specify the same); (v) the dates, if any, to which any Minimum Rent, Percentage Rent or charges have been paid in advance; (vi) such other
reasonable and truthful matters as may be requested by Landlord. 
  
 SECTION
11.2 Attornment and Subordination 
  
 If the Leased Premises
are encumbered by a Mortgage, and the Mortgage is foreclosed, or if the Leased Premises are sold pursuant to foreclosure or by reason of a default under a Mortgage, if this Lease is not terminated in such proceedings, the following will apply
notwithstanding the foreclosure, the sale, or the default: (i) Tenant will not disaffirm this Lease or any of its obligations under this Lease, (ii) at the request of the applicable Mortgagee or purchaser at the foreclosure or sale, Tenant will
attorn to the Mortgagee or purchaser, and execute a new lease for the Leased Premises setting forth all of the provisions of this Lease except that the Term of the new lease will be for the balance of the Term of this Lease. Tenant agrees that this
Lease is and at all times will be subject and subordinate to the lien of any Mortgage now or hereafter encumbering the Leased Premises, including all renewals, replacements, extensions, modifications and substitutions thereof and any future advances
thereunder. Tenant agrees from time to time to execute, acknowledge, and deliver any instrument of subordination required or requested by any Mortgagee, and a signed writing acknowledging the status of this Lease. Tenant further agrees upon request
to execute, acknowledge, and deliver an agreement or agreements from time to time subordinating this Lease to the lien of any Mortgage or Mortgages hereafter placed upon the Leased Premises. Provided that Tenant remains current in its obligations
and attorns to the new lienholder, Tenant’s subordination to any future lienholder will be accompanied by a non disturbance agreement from the new lienholder. 
  
 SECTION 11.3 Attorney-in-Fact 
  
 Tenant, upon request of any party in interest, will execute promptly such instruments or certificates to carry out the intent of Sections 11.1 and 11.2
above as may be requested by Landlord. 
  
 ARTICLE 12

  
 TRANSFER OF INTEREST 
  
 SECTION 12.1 Assignment or Subletting; Concessionaires 
  
 12.1.1 Tenant will not, without the prior written consent of Landlord,
transfer or assign this Lease or sublet all or any portion of the Leased Premises, which consent shall not be unreasonably withheld. Any attempted transfer, assignment or subletting without Landlord’s written consent will be void and confer no
rights upon any third person. No assignment or subletting will relieve Tenant of any obligations under this Lease. The consent by Landlord to any transfer, assignment or subletting will not be deemed to be a waiver on the part of Landlord of any
prohibition against any future transfer, assignment or subletting. Tenant will pay to Landlord a $250.00 processing and administration fee in connection with any request to transfer, assign, or sublet the Lease, the Leased Premises or any part
thereof. 
  
 12.1.2 If Landlord consents to any transfer,
assignment or subletting, such consent will not be effective unless and until Tenant gives notice of the assignment and a copy of the assignment agreement or sublease to Landlord, and the transferee, assignee or sublessee delivers to Landlord a
written agreement in form and substance satisfactory to Landlord pursuant to which such transferee, assignee or sublessee assumes all of the obligations and liabilities of Tenant under this Lease. In the event said assignment or subletting creates a
rental payment in excess of the rates contemplated in the Lease then any excess shall inure to the sole benefit of the Landlord and the Tenant hereby relinquishes any claim thereto. 
  

 16 

 12.1.3 If Tenant is a corporation, the transfer of effective voting control of the corporate shares of
Tenant by sale, transfer, assignment, or other voluntary disposition from the person or persons owning such corporate shares on the date of this Lease to another party or parties will constitute an assignment of this Lease for purposes of Section
12.1.1. If Tenant is a general or limited partnership, the transfer of a majority interest as general partner in the partnership by sale, transfer, assignment, or other voluntary disposition from the persons or persons owning such a majority
interest on the date of this Lease will constitute an assignment for purposes of Section 12.1.1. Tenant will not permit any business to be operated in or from the Leased Premises by any franchisee, concessionaire or licensee without Landlord’s
prior written consent. However, a merger with another financial institution or an acquisition by another financial institution or an acquisition of the Tenant’s assets or shares by another financial institution which continues to run the
banking operations at the Premises shall not be considered an assignment that requires Landlord consent. 
  
 SECTION 12.2 Transfer of Landlord’s Interest 
  
 The term “Landlord” as used in this Lease means only the owner for the time being of the Leased Premises. Each time the Leased Premises are sold, the selling Landlord will be entirely relieved of all
obligations and liability under this Lease. If the person who owns the Leased Premises leases its reversionary interest in the Leased Premises subject to this Lease, that person will be relieved of all of its liability under this Lease. 

 
 SECTION 12.3 Mortgagee’s Rights 
  
 If Landlord notifies Tenant that the Leased Premises are encumbered by a
Mortgage and notifies Tenant of the name and address of the Mortgagee, the following will apply. No notice intended for Landlord will be deemed properly given unless a copy of the notice is simultaneously sent to the mortgagee by certified or
registered mail, return receipt requested. If any Mortgagee performs any obligation that Landlord is required to perform under this Lease, the performance by the Mortgagee will be deemed to be performance on behalf of Landlord insofar as Tenant is
concerned and the performance will be accepted by Tenant as if performed by Landlord. 
  
 ARTICLE 13 
  
 WASTE,
GOVERNMENTAL REGULATIONS 
  
 SECTION 13.1 Waste or Nuisance 

 
 Tenant will not commit or suffer to be committed 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 in which the Leased Premises may be located, or in the Office Plaza, or which may disturb the quiet enjoyment of any
person within five hundred feet of the boundaries of the Office Plaza. 
  
 SECTION 13.2 Governmental Regulations 
  
 Tenant
will, at Tenant’s sole cost and expense, promptly comply with all of the requirements of all county, municipal, state, federal and other applicable governmental authorities now in force, or which may hereafter be in force, pertaining to the
Leased Premises. Tenant will faithfully observe in the use of the Leased Premises all municipal and county codes, regulations and ordinances and state and federal statutes, codes and regulations now in force or which may hereafter be in force.

  

 17 

 ARTICLE 14 
  
 DESTRUCTION OF LEASED PREMISES 
  
 SECTION 14.1 Total or Partial Destruction 
  

If the Leased Premises are damaged by fire, the elements, unavoidable accident or other casualty, but are not thereby rendered unfit for Tenant’s
use in whole or in part, Landlord will at its own expense cause such damage to be repaired, and neither Minimum Rent nor Additional Rent will be abated. If by reason of such occurrence, the Leased Premises are rendered unfit for Tenant’s use
only in part, Landlord will at its own expense cause the damage to be repaired, and the Minimum Rent and Additional Rent meanwhile will be abated proportionately as to the portion of the Leased Premises rendered unfit for Tenant’s use. If the
Leased Premises are rendered wholly unfit for Tenant’s use by reason of such occurrence, Landlord will at its own expense cause such damage to be repaired, and the Minimum Rent and Additional Rent meanwhile will abate until the Leased Premises
have been restored and rendered fit for Tenant’s use, or Landlord may at its election, terminate this Lease and the tenancy hereby created by giving to Tenant, within the sixty (60) days following the date of such occurrence, written notice of
Landlord’s election so to do. In the event of such termination, Minimum Rent, Percentage Rent and Additional Rent will be adjusted as of such date. Nothing in this Section will be construed to permit the abatement in whole or in part of the
Percentage Rent 
  
 SECTION 14.2 Partial Destruction of Office Plaza

  
 In the event that fifty (50%) percent or more of the
rentable area of the Office Plaza is damaged or destroyed by fire or other cause, notwithstanding that the Leased Premises may be unaffected by such fire or other cause, either Landlord or Tenant may terminate this Lease by giving Tenant or Landlord
ten (10) days prior written notice of Landlord’s or Tenant’s election so to do, which notice will be given, if at all, within the sixty (60) day period immediately following the date of such occurrence, Minimum Rent and Additional Rent
will be adjusted as of the date of such termination. 
  
 ARTICLE
15 
  
 EMINENT DOMAIN 
  
 SECTION 15.1 Total Condemnation of Leased Premises 
  
 If the whole of the Leased Premises are acquired or condemned by eminent
domain for any public or quasi-public use or purpose, then the term of this Lease will cease and terminate as of the date of title vesting in such proceeding; all Minimum Rent and Additional Rent will be paid up to that date and Tenant will have no
claim against Landlord or the condemning authority for the value of any unexpired term of this Lease except for personal property, relocation expenses and matters provided in Section 15.5 below. 
  
 SECTION 15.2 Partial Condemnation 
  
 If any part of or interest in the Leased Premises is acquired or condemned
as aforesaid, and in the event that such partial taking or condemnation renders the Leased Premises unsuitable for the business of Tenant, then the term of this Lease will cease and terminate as of the date of title vesting in such proceeding.
Tenant will have no claim against Landlord or the condemning authority for the value of any unexpired term of this Lease and Minimum Rent and Additional Rent will be adjusted to the date of such termination. In the event of a partial taking or
condemnation which is not extensive enough to render the Leased Premises unsuitable for the business of Tenant, Landlord will promptly restore the Leased Premises to a condition comparable to its condition at the time of such condemnation, less the
portion lost in the taking, and this Lease will continue in full force and effect without any reduction or abatement of Minimum Rent or Additional Bent. 
  

 18 

 SECTION 15.3 Total Condemnation of Parking Area 
  
 If the whole of the Parking Area in the Office Plaza is acquired or condemned as aforesaid, then the term of this Lease will
cease and terminate as of the date of title vesting in such proceeding, unless Landlord takes immediate steps to provide other Parking Area substantially equal to the previously existing ratio between the Parking Area and the Leased Premises, and
such substantially equal Parking Area has been provided by Landlord at its own expense within ninety (90) days from the date of acquisition of the previous Parking Area. In the event that Landlord provides such other substantially equal Parking
Area, then this Lease will continue in full force and effect without any reduction or abatement of Minimum Rent or Additional Rent. 
  
 SECTION 15.4 Landlord’s Damages 
  
 In the event of any condemnation or taking as provided in subsections 15.1, 15.2, 15.3 and/or 15.4 above, whether whole or partial, Tenant will not be
entitled to any part of the award paid for such condemnation (except for personal property, relocation expenses and matters provided in Section 15.5 below) and Landlord will receive the full amount of such award (except as aforesaid), Tenant hereby
expressly waiving any right or claim to any part thereof (except as aforesaid). 
  
 SECTION 15.5 Tenant’s Damages 
  
 Although
all damages in the event of any condemnation are to belong to Landlord, whether such damages are awarded as compensation for diminution in value of the leasehold or to the fee of the Leased Premises, Tenant will have the right to claim and recover
from the condemning authority, but not from Landlord, such compensation as may be separately awarded or recoverable by Tenant in Tenant’s own right on account of any and all damage to Tenant’s business by reason of the condemnation and for
or on account of any cost or loss to which Tenant might be put in removing Tenant’s merchandise, furniture, fixtures, leasehold improvements-and equipment and other personal property, and for relocation expenses. 
  
 ARTICLE 16 
  
 DEFAULTS; REMEDIES 
  
 SECTION 16.1 Events of Default 
  
 Each of the following will constitute a “Default” in performance
of this Lease by Tenant: 
  
 16.1.1 Tenant’s failure to pay
any installment of Minimum Rent or Additional Rent when due. 
  
 16.1.2 Tenant’s continued default in performance of any other covenant, promise or obligation of this Lease to be performed or observed by Tenant for a period of more than fifteen (15) days after Landlord gives a written notice of such
default to Tenant. 
  
 16.1.3 The occurrence after the
commencement of the term of this Lease of any of the following: 
  
 16.1.3.1 Tenant is adjudicated a bankrupt or adjudged to be insolvent; 
  
 16.1.3.2 A receiver or trustee is appointed far Tenant’s, or Tenant’s property and 
  
 16.1.3.3 Tenant makes an assignment for the benefit of creditors or files a petition in bankruptcy or insolvency or for reorganization or makes
application for the appointment of a receiver; 
  

 19 

 16.1.3.4 Any execution or attachment is issued against Tenant or any of Tenant’s property on the
Leased Premises, whereby the Leased Premises or any building or buildings or any improvements thereon are taken or occupied or attempted to be taken or occupied by someone other than Tenant; 
  
 16.1.3.5 Tenant is dissolved or ceases to exist, either voluntarily or
involuntarily; 
  
 16.1.3.6 Tenant vacates or abandons the Leased
Premises, for a continuous period of three months or more for any reason other than casualty or condemnation or force majeure not relating to Tenant’s business operation. Landlord shall have the sole and exclusive remedy to terminate this Lease
without prior written notice. “Abandon” means the Tenant’s cessation or business for purposes permitted under this Lease, whether or not Tenant is in default of the rental payments due under this Lease or any other provision of this
Lease. 
  
 SECTION 16.2 Landlord’s Remedies 
  
 Upon the occurrence of any Default as provided above, Landlord may exercise
any one or more of the following options: 
  
 16.2.1 Terminate
Tenant’s right to possession under this Lease and reenter and take possession of the Leased Premises and relet or attempt to relet the Leased Premises on behalf of Tenant, at such rent and under such terms and conditions as Landlord may, in the
exercise of Landlord’s sole discretion, deem best under the circumstances for the purpose of reducing Tenant’s liability. Landlord will not be deemed to have thereby accepted a surrender of the Leased Premises and Tenant will remain liable
for all Minimum Rent and Additional Rent due under this Lease and for all damages suffered by Landlord because of Tenant’s breach of any of the covenants of this Lease. At any time during such repossession or reletting, Landlord may, by
delivering written notice to Tenant, elect to exercise its option under subsection 16.2.2 to retake possession and occupancy of the Leased Premises for Landlord’s own purposes. Nothing contained in this subsection will be construed as imposing
any enforceable duty upon Landlord to relet the Leased Premises or otherwise mitigate or minimize Landlord’s damages by virtue of the occurrence of a Default. 
  
 16.2.2 Terminate Tenant’s right to possession under this Lease and reenter and take possession of the Leased Premises
and relet or attempt to relet the Leased Premises for Landlord’s own purposes, at such rent and under such terms and conditions as Landlord may, in the exercise of Landlord’s sole discretion, deem best under the circumstances. Landlord
will not be deemed to have thereby accepted a surrender of the Leased Premises and Tenant will remain liable for all Minimum Rent and Additional Rent due under this Lease and for all damages suffered by Landlord because of Tenants breach of any of
the covenants of this Lease. 
  
 16.2.3 Declare the entire
remaining unpaid Minimum Rent and Additional Rent for the term of this Lease then in effect to be immediately due and payable, and, at Landlord’s option, take immediate action to recover and collect the same by any available procedure. As an
alternative to the remedy set forth in the foregoing sentence, at Landlord’s sole option, Landlord may institute legal proceedings to recover the Minimum Rent in one or more installments as the same accrues. 
  
 SECTION 16.3 Security Interest 
  
 In consideration of and as an inducement to Landlord to enter into this
Lease, Tenant hereby gives and grants to Landlord a continuing and unconditional security interest (the “Security interest”) in all goods, inventory, stock-in-trade, equipment, personal property and fixtures now or hereafter owned by
Tenant and located on the Leased Premises from time to time, together with all proceeds thereof and accessions thereto. The Security Interest is intended to and does secure payment of all sums owed by Tenant to Landlord in respect of this Lease and
the full and timely performance by Tenant of all of Tenant’s obligations hereunder. Upon the occurrence of any Default under the Lease, Landlord’s rights with respect to the Collateral will be those of a secured party under the Florida
Uniform Commercial Code and any other applicable law in effect from time to time. If requested by Landlord, Tenant will promptly execute and deliver to Landlord (or Landlord, at its option, may execute and deliver on Tenant’s behalf as its

  

 20 

 
attorney-in-fact), such financing statements and other documents, pay all costs, including costs of title searches and filing financing statements and other
similar documents in any public offices requested by landlord, and take such other action as Landlord may deem advisable to perfect the Security Interest according to applicable Florida law. 
  
 SECTION 16.4 Legal Expenses 
  
 If a lawsuit or other proceeding is instituted for recovery of possession of
the Leased Premises, for the recovery of any Minimum Rent and Additional Rent or any other amount due under the provisions of this Lease, or to construe, interpret, or enforce any of the covenants of this Lease or the rights of the parties hereto,
the prevailing party will be entitled to recover all expenses incurred, including reasonable attorneys’ and paralegal assistants’ fees and costs, whether incurred before suit, before, during or at trial, on appeal or in bankruptcy or
reorganization proceedings. 
  
 SECTION 16.5 Waiver of Jury Trial and
Counterclaims 
  
 The parties hereto hereby waive trial by
jury in any action, proceeding or counterclaim brought by either of the parties hereto against the other on any matter whatsoever arising out of or in any way connected with this Lease, the relationship of Landlord and Tenant, Tenant’s use or
occupancy of the Leased Premises, and/or any claim of injury or damage. (In the event Landlord commences any proceedings for non-payment of rent, Minimum Rent or Additional Rent, Tenant will not interpose any counterclaim of whatever nature or
description in any such proceedings. This will not, however, be construed as a waiver of Tenant’s right to assert such claims in any separate action or actions brought by Tenant). 
  
 SECTION 16.6 Landlord’s Right to Perform for Account of Tenant 
  
 If a Default occurs under this Lease, Landlord may cure the Default at anytime for the account and at the expense of Tenant.
If Landlord cures a Default on the part of Tenant, such sum will be immediately due as Additional Rent and Tenant will reimburse Landlord for any amount expended by Landlord in connection with the cure, together with a sum equal to fifteen percent
(15%) thereof to cover Landlord’s costs of administration. 
  
 SECTION
16.7 Additional Remedies, Waivers, and Related Matters 
  
 The rights and remedies of Landlord set forth herein will be in addition to any other right and remedy now and hereafter provided by law. All rights and remedies will be cumulative and not exclusive of each other. Landlord may exercise its
rights and remedies at any times, in any order, to any extent, and as often as Landlord deems advisable without regard to whether the exercise of one right or remedy, precedes, concurs with or succeeds the exercise of another. A single or partial
exercise of a right or remedy will not preclude a further exercise thereof, or the exercise of another right or remedy from time to time. No delay or omission by Landlord in exercising a right or remedy will exhaust or impair the same or constitute
a waiver of or acquiescence to, a Default. No waiver of Default will extend to or affect any other Default or impair any right or remedy with respect thereto. No action or inaction by Landlord will constitute a waiver of a Default. No waiver of a
Default will be effective, unless it is in writing. 
  
 ARTICLE
17 
  
 ACCESS BY LANDLORD 
  
 SECTION 17.1 Right of Entry 
  
 Landlord or Landlord’s agents will have the right to enter the Leased
Premises at all times during normal business hours to examine the same, and to show them to prospective purchasers or tenants of the building, and to make such emergency repairs, alterations, improvements or additions as Landlord may deem necessary
or desirable. Landlord or Landlord’s Agents will be allowed to take all material into and upon Leased Premises that may be required 

  

 21 

 
thereof without the same constituting an eviction of Tenant in whole or in part and the Minimum Rent and Additional Rent will not abate while such repairs,
alterations, improvements, or additions are being made, by reason of loss or interruption of business of Tenant, or otherwise. 
  
 ARTICLE 18 
  
 TENANT’S PROPERTY 
  
 SECTION 18.1 Taxes on Leasehold 
  
 Tenant will
be responsible for and will pay before delinquency all municipal, county or state taxes assessed during the term of this Lease against any leasehold interest or personal property of any kind, owned by or placed in, upon or about the Leased Premises
by Tenant. 
  
 SECTION 18.2 Loss and Damage 
  
 Landlord will not be liable for any damage to property of Tenant or of
others located on the Leased Premises, nor for the loss of or damage to any property of Tenant or of others by theft or otherwise. Landlord will not be liable for any injury or damage to persons or property resulting from fire, explosion, falling
plaster, steam, gas, electricity, water, rain or snow or leaks from any part of the Leased Premises or from the pipes, appliances or plumbing works or from the roof, street or sub-surface or from any other place or by dampness or by any other cause
of whatsoever nature. Landlord will not be liable for any such damage caused by other tenants or persons in the Leased Premises, occupants of adjacent property, of the Office Plaza, or the public, or caused by operations in construction of any
private, public or quasi-public work. All property of Tenant kept or stored on the Leased Premises will be kept or stored at the risk of Tenant only and Tenant will hold Landlord harmless from any claims arising out of damage to the same. Tenant
will give immediate notice to Landlord in case of fire, accidents or defects in the Leased Premises or in the building of which the Leased Premises are a part. 
  

ARTICLE 19 
  
 HOLDING OVER, SUCCESSORS 
  
 SECTION 19.1 Holding Over 
  
 Any holding over
after the expiration of the term hereof, without the consent of Landlord, will be construed to be a tenancy from month to month on the terms herein specified (prorated on a monthly basis) and will otherwise be on the terms and conditions herein
specified, so far as applicable, except that Tenant will pay Minimum Rent at a per diem rate equal to twice the Minimum Rent that was payable as of the Expiration Date. 
  
 SECTION 19.2 Successors 
  
 All rights and liabilities herein given to, or imposed upon, the respective parties hereto will extend and bind the several respective heirs, executors,
administrators, successors, and assigns of such parties and if there is more than one Tenant, they will all be bound jointly and severally by the terms, covenants and agreements herein. No rights, however, will inure to the benefit of any assignee
of Tenant unless the assignment to such assignee has been approved by Landlord in writing as provided in Section 12.1 hereof. 
  

 22 

 ARTICLE 20 
  
 MISCELLANEOUS 
  
 SECTION 20.1 Waiver 
  
 The waiver by Landlord of any breach of any term, covenant or condition herein contained will 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 Minimum Rent or Additional Rent hereunder by Landlord will 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 rental. No payment
by Tenant or receipt by Landlord of a lesser amount than the Minimum Rent or Additional Rent herein stipulated will be deemed to be other than on account of the earliest stipulated rental, nor will any endorsement or statement on any check or any
letter accompany any check or payment as rental be deemed an accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landlord’s right to recover the balance of such rental or pursue any other remedy in this
Lease provided. 
  
 SECTION 20.2 Entire Agreement 
  
 This Lease and the Exhibits, and Rider, if any, attached hereto and forming
a part hereof, set forth all the covenants, promises, agreements, conditions and understandings between Landlord and Tenant concerning the Leased Premises and there are no covenants, promises, agreements, conditions or understandings, either oral or
written, between them other than are herein set forth. Except as herein otherwise provided, no subsequent alteration, amendment, change or addition to this lease will be binding upon Landlord or Tenant unless reduced to writing and signed by them.

  
 SECTION 20.3 No Partnership 
  
 Landlord does not, in any way or for any purpose, become a partner of Tenant
in the conduct of its business, or otherwise, or joint adventurer or member of a joint enterprise with Tenant. 
  
 SECTION 20.4 Force Majeure 
  
 In the event that either party hereto is delayed or hindered in or prevented from the performance of any act required hereunder by reason of Force Majeure, then performance of such act will be excused for the period of the delay and the
period for the performance of any such act will be extended for a period equivalent to the period of such delay. The provisions of this Section 20.4 will not operate to excuse Tenant from prompt payment of rent, Additional Rent or any other payments
required by the terms of this lease. 
  
 SECTION 20.5 Notices 

 
 Any notice, demand, request or other instrument which must or may be
given under this Lease must be in writing (unless otherwise expressly provided), and will be deemed given on the date personally delivered, or one (1) day after deposit in Federal Express or other guaranteed overnight courier, or three (3) days
(excluding Saturdays, Sundays and legal holidays) after the date of deposit in United States mail, certified or registered, full postage prepaid, addressed (a) if to Landlord, at Landlord’s Notice Address with a copy to Landlord’s Notice
Copy Address or such other address as Landlord may designate by written notice from time to time, and (b) if to Tenant, at Tenant’s Notice Address with a copy to Tenant’s Notice Copy Address or at such other address as Tenant may designate
by written notice from time to time. Notice given in any other manner will be effective only upon actual receipt. 
  

 23 

 SECTION 20.6 Captions and Section Numbers 
  
 The captions, section numbers, article numbers, and index appearing in this Lease are inserted only as a matter of
convenience and in no way define, limit, construe, or describe the scope or intent of such sections or articles of this Lease, nor in any way affect this Lease. 
  

SECTION 20.7 Tenant Defined 
  
 The word “Tenant” will be deemed and taken to mean each and every person or party mentioned as a Tenant herein, whether one or more; and if
there is more than one Tenant, any notice required or permitted by the terms of this Lease may be given by or to any one thereof, and will have the same force and effect as if given by or to all thereof. 
  
 SECTION 20.8 Broker’s Commission 
  
 Each of the parties represents and warrants that there are no claims for
brokerage commissions or finder’s fees in connection with the execution of this Lease arising through them, except for such commission due to Michael Saunders & Company and payable by Landlord. Each of the parties agrees to indemnify the
other against and hold it harmless from all liabilities arising from any inaccuracy in such party’s representation or warranty (including, without limitation, attorneys’ and paralegal assistants’ fees and costs in connection
therewith). 
  
 SECTION 20.9 Partial Invalidity 
  
 If any term, covenant or condition of this Lease or the application thereof
to any person or circumstance is, to any extent, invalid or unenforceable, the remainder of this Lease, or the application of such term, covenant or condition to persons or circumstances other than those as to which it is held invalid or
unenforceable, will not be affected thereby and each term, covenant or condition of this Lease will be valid and be enforced to the fullest extent permitted by law. 
  
 SECTION 20.10 Recording 
  
 Tenant will not record this Lease without the written consent of Landlord; however, upon the request of either party hereto the other party will join in
the execution of a “short form” of this Lease for the purpose of recordation. The short form of this Lease will describe the parties, the Leased Premises, the restriction against attachment of construction liens to Landlord’s interest
in the Leased Premises under Section 5.4 above, and the term of this Lease and will incorporate this lease by reference. 
  
 SECTION 20.11 Non-liability of Agent and Trustee 
  
 Tenant agrees that neither Landlord nor any of the partners, officers, directors, shareholders or trustees of Landlord, will have any personal liability
hereunder, but that the liability of Landlord will be limited to Landlord’s interest in the Office Plaza and that Tenant agrees to look solely to the interest of Landlord in the Office Plaza for the payment of any claims made hereunder. Nothing
in this section will be deemed to prevent Tenant from seeking injunctive relief in a court of appropriate jurisdiction, 
  
 SECTION 20.12 Quiet Enjoyment 
  
 Provided that the Tenant shall pay all rents are herein agreed and keep and perform all the terms and obligations hereof Lessee shall peaceably posses and
quietly enjoy the Premises without hindrance or interruption subject only to the terms hereof reservations restrictions and easements of records and applicable zoning an other governmental regulation. 
  

 24 

 SECTION 20.13 Sale of Asset 
  
 In the event the Landlord decides to dispose of the subject property, Tenant shall receive a one time “Right of First
Refusal” to purchase. This right shall be for a period of thirty days. Front receipt of notice of Landlord’s intent to sell. 
  
 SECTION 20.14 Government Approvals 
  
 Tenant must receive governmental approvals including but not limited to the approvals of F.D.I.C. and O.C.C. Tenant will promptly apply for such
approvals. However, if Tenant has not received the necessary governmental approvals to operate a branch bank in the Lease Premises by March 31, 2001 either party may terminate the Lease by giving written notice no later than March 31, 2001.
Tenant has the right to an inspection of the premises. If the inspection results are unsatisfactory to Tenant, and if SouthTrust Bank is unwilling to correct the unsatisfactory items, Tenant shall have the right to cancel the lease by giving written
notice within such 30 day period. 
  
 IN WITNESS
WHEREOF, Landlord and Tenant have signed and scaled this lease as of the day and year first above written. 
  

					
	 Witnesses:
	 	LANDLORD:
		
	  

	 	 MCM UNIVERSITY PLAZA, INC.,
 d/b/a MCM PLAZA

	  

	 	 	 	 
	  

	 	 By:
	 	  

	 Printed Name of Witness
	 	 Printed Name:

	 	 
	  

	 	 Title:
	 	  

	 Printed Name of Witness
	 	 	 	 
		
	  

	 	TENANT:
	 Printed Name of Witness
	 	 
		
	 	 	 SUN COAST NATIONAL BANK

			
	  

	 	 By:
	 	  

	 Printed Name of Witness
	 	 Printed Name:

	 	 
	 	 	 Title:
	 	  

		
	 Initials for Landlord
	 	 Initials for Tenant

		
	  

	 	  

  

 25 

 EXHIBIT “F” 
  
 RULES AND REGULATIONS 
  

	1.	All loading and unloading of goods will be done only at such times, in the areas, and through the entrances, designated -for such purposes by Landlord. 

  

	2.	The delivery or shipping of merchandise, supplies and fixtures to and from the Leased Premises will be subject to such rules and regulations as in the judgment of Landlord are
necessary for the proper operation of the Leased Premises or Office Plaza. 

  

	3.	All garbage and refuse will be kept in the kind of container specified by Landlord, and will be placed outside of the Leased Premises prepared for collection in the manner and at
the time and places specified by Landlord. If Landlord provides or designate a service for picking up refuse and garbage, Tenant will use same at Tenant’s cost. Tenant will pay the cost of removal of any of Tenant’s refuse or
rubbish. 

  

	4.	No radio or television or other similar device will be installed without first obtaining in each instance Landlord’s consent in writing not to be unreasonably withheld. No
aerial will be erected on the roof or exterior walls of the Leased Premises, or on the grounds, without in each instance, the written consent of Landlord not to be unreasonably withheld. Any aerial so installed without such written consent will be
subject to removal without notice at any time. 

  

	5.	No loudspeakers, televisions, phonographs, radios or other devices will be used in a manner so as to be heard or seen outside of the Leased Premises without the prior written
consent of Landlord. 

  

	6.	If the Leased Premises are equipped with heating facilities separate from those in the remainder of the Office Plaza, Tenant will keep the Leased Premises at a temperature
sufficiently high to prevent freezing of water pipes and fixtures. 

  

	7.	The outside areas immediately adjoining the Leased Premises will be kept clean and free from snow, ice, dirt and rubbish by Tenant to the satisfaction of Landlord, and Tenant will
not place or permit any obstruction or merchandise in such areas. 

  

	8.	The plumbing facilities will not be used for any other purpose than that for which they are constructed, and no foreign substances of any kind will be thrown therein, and the
expense of any breakage, stoppage, or damage resulting from a violation of this provision will be borne by Tenant, 

  

	9.	Tenant will use at Tenant’s cost such pest extermination contractor as Landlord may direct and at such intervals as Landlord may require for the interior of such Leased
Premises. Tenant will procure and pay the charge of such extermination contractor and furnish a copy of such contract to Landlord. 

  

	10.	Tenant will not burn any trash or garbage of any kind in or about the Leased Premises, the Office Plaza, or within one mile of the outside property lines of the Office Plaza.

 EXHIBIT “C” 
  
 MINIMUM RENT SCHEDULE 
  

	 	A.	Initial Term: 

  

					
	 Years 1-5:
	 	$17.50 PSF:	  	 $2,905.00 per month + sales tax.

	 Years 6-10:
	 	$19.25 PSF:	  	 $3,195.50 per month + sales tax.

  

	 	B.	Option Period: (If exercised) 

  

					
	 Years 11-15:
	 	 $21.18 PSF:
	  	 $3,515.88 per month + sales tax.

 EXHIBIT “D” 
  
 LANDLORD’S WORK 
  
 The building is leased “AS IS”. However, current Tenant, SouthTrust Bank will repair existing leak in Atrium Area of lobby and will ensure that
all mechanical, electrical and plumbing fixtures and/or appliances are in good working order. 
  
 SouthTrust Bank will also leave in place all installed surveillance and monitoring equipment and wiring. As well as permanently installed cabinets, counters and other built-ins. 

 EXHIBIT “E” 
 SIGNAGE 

 EXHIBIT “F” 
  
 RULES AM REGULATIONS 
  

	1.	All loading and unloading of goods will be done only at such time, in the areas, and through the entrances, designed for such purposes by Landlord. 

  

	2.	The delivery or shipping of merchandise, supplies and fixtures to and from the Leased Premises will be subject to such rules and regulations as in the judgment of Landlord are
necessary for the proper operation of the Leased Premises or Office Plaza. 

  

	3.	All garbage and refuse will be kept in the kind of container specified by Landlord, and will be placed outside of the Leased Premises prepared for collection in the manner and at
the time and place specified by Landlord. If Landlord provides or designates a service for picking up refuse and garbage, Tenant will use same at Tenant’s cost. Tenant will pay the cost of removal of any of Tenant’s refuse or rubbish.

  

	4.	No radio or television or other similar device will be installed without first obtaining in each instance Landlord’s consent in writing not to be unreasonably withheld. No
aerial will be erected on the roof or exterior walls of the Leased Premises, or on the grounds, without in each instance, the written consent of Landlord not to be unreasonably withheld. Any aerial so installed without such consent will be subject
to removal without notice at any time. 

  

	5.	No loud speakers, televisions, phonographs, radios or other devices will be used in a manner so as to be heard or seen outside of the Leased Premises without the prior written
consent of Landlord. 

  

	6.	If the Leased Premises are equipped with boating facilities separate from those in the remainder of the Office Plaza, Tenant will keep the Leased Premises at a temperature
sufficiently high to prevent freezing of water pipes and fixtures. 

  

	7.	The outside areas immediately adjoining the Leased Premises will be kept clean and free from snow, ice, dirt and rubbish by Tenant to the satisfaction of Landlord, and Tenant will
not place or permit any obstruction or merchandise in such areas. 

  

	8.	The plumbing facilities will not be used for any other purpose than that for which they are constructed, and no foreign substances of any kind will be thrown therein, and the
expense of any breakage, stoppage, or damage resulting from a violation of this provision will be borne by Tenant. 

  

	9.	Tenant will use at Tenant’s cost such pest extermination contractor as Landlord may direct and at such intervals as Landlord may require for the interior of such Leased
Premises. Tenant will procure and pay the charge of such extermination contractor and furnish a copy of such contract to Landlord. 

  

	10.	Tenant will not burn any trash or garbage of any kind in or about the Lease Premises, the Office Plaza, or within one mile of the outside property lines of the Office Plaza.Real Estate Purchase and Sale Agreement

 Exhibit 10.9 
  
 1. PURCHASE AND SALE: Suncoast Bank (“Buyer”) agrees to buy and Tom Brown Real Estate Investments, LLC (“Seller”) agrees
to sell the property described as: Street Address: 
  
 Lot 1, 44 Center East. See
attached Exhibit A. 
  
 Legal Description: 
  
 Lot 1, 44 Center East. See attached Exhibit A. Consisting of 87,280 SF. 
  
 And the following Personal Property: 
  
 (all collectively referred to as the “Property”) on the terms and conditions set
forth below. The “Effective Date” of this Contract is the date on which the last of the Parties signs the latest offer. Time is of the essence in this Contract. Time periods of 5 days or less will be computed without including Saturday,
Sunday, or national legal holidays and any time period ending on a Saturday, Sunday or national legal holiday will be extended until 5:00 p.m. of the next business day. 
  

								
	2.	 	PURCHASE PRICE:	  	$	1,483,760.00
	 	 	 	 	 	  	
	

				
	 	 	(a)	 	Deposit held in escrow by William Parker et al, P.A.	  	 	0
	 	 	 	 	 	  	
	

	 	 	(b)	 	Additional deposit to be made within 8 days from Effective Date	  	$	10,000.00
	 	 	 	 	 	  	
	

	 	 	(c)	 	Total mortgages (as referenced in Paragraph 3)	  	$	0
	 	 	 	 	 	  	
	

	 	 	(d)	 	Other: After expiration of Due Diligence Period	  	$	40,000.00
	 	 	 	 	 	  	
	

	 	 	(e)	 	Balance to close, subject to adjustments and prorations, to be made with cash, locally drawn certified or cashier’s Check or wire transfer	  	$	1,433,760.00
	 	 	 	 	 	  	
	

  
 3. THIRD PARTY FINANCING: N/A

  
 4. TITLE: Seller has the legal capacity to and will convey marketable title to
the Property by statutory x warranty deed  ̈ other
                        , free of liens, easements and encumbrances of record or known to Seller but subject to
property taxes for the year of closing, covenants, restrictions and public utility easements of record, and (list any other matters to which title will be subject) 
  
 Provided there exists at closing no violation of the foregoing and none of them prevents Buyer’s intended use of the Property as
Commercial, City of Bradenton. 
  

	 	(a)	Evidence of Title: Seller will (check one)  ̈ Seller’s x Buyer’s expense and within 30 days  ̈ from Effective Date x prior to
Closing Date  ̈ from date Buyer meets or waives financing contingency in Paragraph 3, deliver to Buyer (check one) 

  
 x a title insurance commitment by a
Florida licensed title insurer and, upon Buyer recording the deed, an owner’s policy in the amount of the purchase price for fee simple title subject only to exceptions stated above. 
  
  ̈ an abstract of title, prepared or brought current by an existing abstract firm or certified as correct by an existing firm. However, if such an abstract is not available to Seller, then a prior owner’s title
policy acceptable to the proposed insurer as a base for reissuance of coverage. The prior policy will include copies of all policy exceptions and an update in a format acceptable to Buyer from a policy effective date and certified to Buyer or
Buyer’s closing agent together with copies of all documents recited in the prior policy and in the update. 
  

	 	(b)	Title Examination: Buyer will, within 18 days from receipt of the evidence of title deliver written notice to Seller of title defects. Title will be deemed acceptable to Buyer if
(1) Buyer fails to deliver proper notice of defects or (2) Buyer delivers proper written notice and Seller cures the 

  

 Buyer
(            ) (            ) and Seller
(            ) (            ) acknowledge receipt of a copy of this page, which is page 1 of 6. 

 defects within 7 days from receipt of the notice (“Curative Period”). If the defects are cured
within the Curative Period, closing will occur within 10 days from receipt by Buyer of notice of such curing. Seller may elect not to cure defects if Seller reasonably believes any defect cannot be cured within the Curative Period. If the defects
are not cured within the Curative Period, Buyer will have 10 days from receipt of notice of Seller’s inability to cure the defects to elect whether to terminate this Contract or accept title subject to existing defects and close the transaction
without reduction in purchase price. The party who pays for the evidence of title will also pay related title service fees including title and abstract charges and title examination. 
  

	 	(c)	Survey: (check applicable provisions below) 

  
 x Seller will, with 5 days from Effective Date, deliver to Buyer copies of prior surveys, plans, specifications, and
engineering documents, if any, and the following documents relevant to this transaction: 
  
 Engineering studies                         , prepared for Seller or in Seller’s possession,
which show all currently existing structures. 
  
 x Buyer will, at  ̈ Seller’s x Buyer’s expense and within the timer
period allowed to deliver and examine title evidence, obtain a current certified survey of the Property from a registered surveyor. If the survey reveals encroachments on the Property or that the improvements encroach on the lands of another
 ̈ Buyer will accept the Property with existing encroachments x such encroachments will constitute a title
defect to be cured within the Curative Period. 
  

	 	(d)	Ingress and Egress: Seller warrants that the Property presently has ingress and egress. 

  

	 	(e)	Possession: Seller will deliver possession and keys for all locks and alarms to Buyer at closing. 

  
 5. CLOSING DATE AND PROCEDURE: this transaction will be closed in Manatee County, Florida on or before the
                    ,              or within 10 days from
Effective Date (“Closing Date”), unless otherwise extended herein.  ̈ Seller x Buyer will designate
the closing agent. Buyer and Seller will, within 30 days from Effective Date, deliver to Escrow Agent signed instructions which provide for closing procedure. If an institutional lender is providing purchase funds, lender requirements as to place,
time of day, and closing procedure will control over any contrary provisions in this Contract. 
  

	 	(a)	Costs: Buyer will pay taxes and recording fees on notes, mortgages and financing statements and recording fees for the deed. Seller will pay taxes on the deed and recording fees for
documents needed to cure title defects. If Seller is obligated to discharge any encumbrance at or prior to closing and fails to do so, Buyer may use purchase proceeds to satisfy the encumbrances. 

  

	 	(b)	Documents: Seller will provide the deed, bill of sale, mechanic’s lien affidavit, assignments of leases, updated rent roll, tenant and lender estoppel letters, assignments of
permits and licenses, corrective instruments and letters notifying tenants of the change in ownership or rental agent. If any tenant refuses to execute the estoppel letter, Seller will certify that information regarding the tenant’s lease is
correct. If Seller is a corporation, Seller will deliver a resolution of the Board of Directors authorizing the sale and delivery of the deed and certification by the corporate Secretary certifying the resolution and setting forth facts showing the
conveyance conforms with the requirements of local law. Seller will transfer security deposits to Buyer. Buyer will provide the closing statement, mortgages and notes, security agreements and financing statements. 

  

	 	(c)	Taxes, Assessments, and Proration: The following items will be made current and prorated x as of the Closing Date  ̈ as of                     : real estate taxes, bond and
assignment payments assumed by Buyer, interest, rents, association dues, insurance premiums acceptable to Buyer, operational expenses and
                        , if the amount of taxes and assessments for the current year cannot be ascertained, rates for the
previous year will be used with due allowance being made for improvements and exemptions. Seller is aware of the following assessments affecting or potentially affecting the Property:
                                        
                                        .
Buyer will be 

  

 Buyer
(            ) (            ) and Seller
(            ) (            ) acknowledge receipt of a copy of this page, which is page 2 of 6. 

 responsible for all assessments of any kind which become due and owing on or after Effective Date, unless
the improvement is substantially completed as of Closing Date, in which case Seller will be obligated to pay the entire assessment. 
  

	 	(d)	FIRPTA Tax Withholding: The Foreign Investment in Real Property Act (“FIRPTA”) requires Buyer to withhold at closing a portion of the purchase proceeds for remission to
the Internal Revenue Service (“I.R.S.”) if Seller is a “foreign person” as defined by the Internal Revenue Code. The parties agree to comply with the provisions of FIRPTA and to provide, at or prior to closing, appropriate
documentation to establish any applicable exemption from the withholding requirement. If withholding is required and Buyer does not have cash sufficient at closing to meet the withholding requirement, Seller will provide the necessary funds and
Buyer will provide proof to Seller that such funds were properly remitted to the I.R.S. 

  
 6. ESCROW: Buyer and Seller authorize Williams, Parker et al Telephone:
                         Facsimile:
                         Address: 280 South Orange Street, Osceola, Florida 34330, to act as “Escrow Agent” to
receive funds and other items and, subject to clearance, disburse them in accordance with the terms of this Contract. Escrow Agent will deposit all funds received in x a non-interest bearing escrow account
 ̈ an interest bearing escrow account with interest accruing to
                            , with interest disbursed (check one)  ̈ at closing  ̈ at
                     intervals. If Escrow Agent receives conflicting demands or has a good faith doubt as to Escrow Agent’s duties or
liabilities under this Contract, he/she may (a) hold the subject matter of the escrow until the parties mutually agree to its disbursement or until issuance of a court order or decision of arbitrator determining the parties’ rights regarding
the escrow or (b) deposit the subject matter of the escrow with the clerk of the circuit court having jurisdiction over the dispute. Upon notifying the parties of such action, Escrow Agent will be released from all liability except for the duty to
account for items previously delivered out of escrow. If a licensed real estate broker, Escrow Agent will comply with applicable provisions of Chapter 475, Florida Statutes. In any suit or arbitration in which Escrow Agent is made a party because of
acting as agent hereunder or interpleads the subject matter of the escrow, Escrow Agent will recover reasonable attorneys’ fees and costs at all levels, with such fees and costs to be paid from the escrowed funds or equivalent and charged and
awarded as court or other costs in favor of the prevailing party. The parties agree that Escrow Agent will not be liable to any person for misdelivery to Buyer or Seller of escrowed items, unless the misdelivery is due to Escrow Agent’s willful
breach of this Contract or gross negligence. 
  
 7. PROPERTY CONDITION: Seller
will deliver the Property to Buyer at the time agreed in its present “as is” condition, ordinary wear and tear excepted, and will maintain the landscaping and grounds in comparable condition. Seller makes no warranties other than
marketability of title. By accepting the Property “as is,” Buyer waives all claims against Seller for any defects in the property. (Check (a) 9r (b)) 
  

	 	(a)	x As Is: Buyer has inspected the Property or waives any right to inspect and accepts the Property in its “as is” condition.

  

	 	(b)	 ̈ Due Diligence Period: Buyer will, at Buyer’s expense and within
         days from Effective Date (“Due Diligence Period”), determine whether the Property is suitable, in Buyer’s sole and absolute discretion, for Buyer’s intended use and
development of the Property as specified in Paragraph 4. During this Due Diligence Period, Buyer may conduct any tests, analyses, surveys and investigations (“Inspections”) which Buyer deems necessary to determine to Buyer’s
satisfaction the Property’s engineering, architectural, environmental properties; zoning and zoning restrictions; flood zone designation and restrictions; subdivision regulations; soil and grade; availability of access to public roads, water,
and other utilities; government approvals and licenses; compliance with growth management and comprehensive land use plans; availability of permits, government approvals and licenses; compliance with Americans with Disabilities Act; absence of
asbestos, soil and ground water contamination; and other inspections that Buyer deems appropriate to determine the suitability of the Property for Buyer’s intended use and development. Buyer shall deliver written notice to Seller prior to the
expiration of the Due Diligence Period of Buyer’s determination of whether or not the Property is acceptable. Buyer’s failure to comply with this notice requirement shall constitute acceptable of the Property in its “as is”
condition. Seller grants to Buyer, its agents, contractors and assigns, the right to enter the Property at any 

  

 Buyer
(            ) (            ) and Seller
(            ) (            ) acknowledge receipt of a copy of this page, which is page 3 of 6. 

 time during the Due Diligence Period for the purpose of conducting Inspections; provided, however, that
Buyer, its agents, contractors and assigns enter the Property and conduct Inspections at their own risk. Buyer shall indemnify and hold Seller harmless from losses, damages, costs, claims and expenses of any nature, including attorneys’ fees at
all levels, and from liability to any person, arising from the conduct of any and all Inspections or any work authorized by Buyer. Buyer will not engage in any activity that could result in a mechanic’s lien being made against the Property
without Seller’s prior written consent. In the event this transaction does not close, (1) Buyer shall repair all damage to the Property resulting from the Inspections and return the Property to the condition it was in prior to conduct of the
Inspections, and (2) Buyer shall, at Buyer’s expense, release to Seller all reports and other work generated as a result of the Inspections. Should Buyer deliver timely notice that the Property is not acceptable, Seller agrees that Buyer’s
deposit shall be immediately returned to Buyer and the Contract terminated. 
  

	 	(c)	Walk-through Inspection: Buyer may, on the day prior to closing or any other time mutually agreeable to the parties, conduct a final “walk-through” inspection of the
Property to determine compliance with this paragraph and to ensure that all Property is on the premises. 

  

	 	(d)	Disclosures: 

  
 1. Radon Gas: Radon is a naturally occurring radioactive gas that, when it has accumulated in a building in sufficient quantities, may present health
risks to persons who are exposed to it over time. Levels of radon that exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding radon and radon testing may be obtained from your county public
health unit. 
  
 2. Energy Efficiency: Buyer may have determined
the energy efficiency rating of the building, if any, is located on the Real Property. 
  
 8. OPERATION OF PROPERTY DURING CONTRACT PERIOD. Seller will continue to operate the Property and any business conducted on the Property in the manner operated prior to Contract and will take no action that would adversely impact the
Property, tenants, lenders or business, if any. Any changes, such as renting vacant space, that materially affect the Property or Buyer’s intended use of the Property will be permitted x only with Buyer’s
consent  ̈ without Buyer’s consent. 
  
 9. RETURN OF DEPOSIT. Unless otherwise specified in the Contract, in the event any condition of this Contract is not met and Buyer has timely given any required notice
regarding the condition having not been met, Buyer’s deposit will be returned in accordance with applicable Florida laws and regulations. 
  
 10. DEFAULT: 
  

	 	(a)	In the event the sale is not closed due to any default or failure on the part of Seller other than failure to make the title marketable after diligent effort, Buyer may either (1)
receive a refund of Buyer’s deposit(s) or (2) seek specific performance. If Buyer elects a deposit refund, Seller will be liable to Broker for the full amount of the brokerage fee. 

  

	 	(b)	In the event the sale is not closed due to any default or failure on the part of Buyer, Seller may either (1) retain all deposit(s) paid or agreed to be paid by Buyer as agreed upon
liquidated damages, consideration for the execution of this Contract, and in full settlement of any claims, upon which this Contract will terminate or (2) seek specific performance. If Seller retains the deposit, Seller will pay the Listing and
Cooperating Brokers named in Paragraph 12 fifty percent of all forfeited deposits retained by Seller (to be split equally among the Brokers) up to the full amount of the brokerage fee. 

  
 11. ATTORNEY’S FEES AND COSTS: In any claim or controversy arising out or relating to
this Contract, the prevailing party, which for purposes of this provision will include Buyer, Seller and Broker, will be awarded reasonable attorneys’ fees, costs and expenses. 
  

 Buyer
(            ) (            ) and Seller
(            ) (            ) acknowledge receipt of a copy of this page, which is page 4 of 6. 

 12. BROKERS: Neither Buyer nor Seller has utilized the services of, or for any other reason owes compensation to, a
licensed real estate Broker other than: 
  

	 	(a)	Listing Broker: Michael Price who is x an agent of Corporate Realty and Properties x a transaction broker
 ̈ a nonrepresentative and who will be compensated by x Seller  ̈ Buyer  ̈ both parties pursuant to x a
listing agreement  ̈ other (specify) 

  

	 	(b)	Cooperating Broker: Ian Black who is  ̈ an agent of Ian Black Real Estate
x a transaction broker  ̈ a nonrepresentative and who will be compensated by  ̈ Seller x Buyer  ̈ both parties
pursuant to x an MLS or other offer of compensation to a cooperating broker  ̈ other (specify)

  
 (collectively referred to as
“Broker”) in connection with any act relating to the Property, including but not limited to inquiries, introductions, consultations and negotiations resulting in this transaction. Seller and Buyer agree to indemnify and hold Broker
harmless from and against losses, damages, costs and expenses of any kind, including reasonable attorneys’ fees at all levels, and from liability to any person, arising from (1) compensation claimed which is inconsistent with the representation
in this Paragraph, (2) enforcement action to collect a brokerage fee pursuant to Paragraph 10, (3) any duty accepted by Broker at the request of Buyer or Seller, which duty is beyond the scope of services regulated by Chapter 475, F.S., as amended,
or (4) recommendations of or services provided and expenses incurred by any third party whom Broker refers, recommends or retains for or on behalf of Buyer or Seller. 
  
 13. ASSIGNABILITY; PERSONALS BOUND: This Contract may be assigned to a related entity, and otherwise  ̈ is not assignable x is assignable. The terms “Buyer,” Seller” and “Broker” may be singular or plural. This Contract is
binding upon Buyer, Seller and their heirs, personal representatives, successors and assigns (if assignment is permitted). 
  
 14. OPTIONAL CLAUSES: (Check if any of the following clauses are applicable and are attached as an addendum to this Contract: 
  

					
	 ̈ Arbitration	  	 ̈ Seller Warranty	  	 ̈ Existing Mortgage
	 ̈ Section 1031 Exchange	  	 ̈ Coastal Construction Control Line	  	 ̈ Other
                    
	 ̈ Property Inspection and Repair	  	 ̈ Flood Area Hazard Zone	  	 ̈ Other
                    
	 ̈ Seller Representations	  	 ̈ Seller Financing	  	 ̈ Other
                    

  
 15. MISCELLANEOUS: The terms of this
Contract constitute the entire agreement between Buyer and Seller. Modifications of this Contract will not be binding unless in writing, signed and delivered by the party to be bound. Signatures, initials, documents referenced in this Contract,
counterparts and written modifications communicated electronically or on paper will be acceptable for all purposes, including delivery, and will be binding. Handwritten or typewritten terms inserted in or attached to this Contract prevail over
preprinted terms. If any provision of this Contract is or becomes invalid or unenforceable, all remaining provisions will continue to be fully effective. This Contract will be construed under Florida law and will not be recorded in any public
records. Delivery of any written notice to any party’s agent will be deemed delivery to that party. 
  
 THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT. IF NOT FULLY UNDERSTOOD, SEEK THE ADVICE OF AN ATTORNEY PRIOR TO SIGNING. BROKER ADVISES BUYER AND SELLER TO VERIFY ALL FACTS AND REPRESENTATIONS THAT ARE IMPORTANT
TO THEM AND TO CONSULT AN APPROPRIATE PROFESSIONAL FOR LEGAL ADVICE (FOR EXAMPLE, INTERPRETING CONTRACTS, DETERMINING THE EFFECT OF LAWS ON THE PROPERTY AND TRANSACTION, STATUS OF TITLE, FOREIGN INVESTOR REPORTING REQUIREMENTS, ETC. AND FOR TAX,
PROPERTY CONDITION, ENVIRONMENTAL AND OTHER SPECIALIZED ADVICE. BUYER ACKNOWLEDGES THAT BROKER DOES NOT OCCUPY THE PROPERTY AND THAT ALL REPRESENTATIONS (ORAL, WRITTEN OR OTHERWISE) BY BROKER ARE BASED ON SELLER REPRESENTATIONS OR PUBLIC RECORDS
UNLESS BROKER INDICATES PERSONAL VERIFICATION 
  

 Buyer
(            ) (            ) and Seller
(            ) (            ) acknowledge receipt of a copy of this page, which is page 5 of 6. 

 OF THE REPRESENTATION. BUYER AGREES TO RELY SOLELY ON SELLER, PROFESSIONAL INSPECTORS AND GOVERNMENTAL AGENCIES FOR
VERIFICATION OF THE PROPERTY CONDITION, SQUARE FOOTAGE AND FACTS THAT MATERIALLY AFFECT PROPERTY VALUE. 
  
 DEPOSIT RECEIPT: Deposit of $                     by  ̈ check  ̈ other
                     received on
                     by
                                        
     
  
                         (signature of Escrow Agent) 
  
 OFFER: Buyer offers to purchase the Property on the above terms and conditions. Unless acceptance is signed by Seller and a signed copy
delivered to Buyer or Buyer’s agent no later than 3:00  ̈ a.m. x p.m. on August 20th, 2004, Buyer may
revoke this offer and receive a refund of all deposits. 
  

															
	Date:  	 	 	 	BUYER:  	 	 	 	Tax ID No.  	 	 
	 	 	 	 	Title:  	 	 	 	Telephone:  	 	 	 	Facsimile:  	 	 
	 	 	 	 	Address:  	 	 
						
	Date:  	 	 	 	BUYER:  	 	 	 	Tax ID No.  	 	 
	 	 	 	 	Title:  	 	 	 	Telephone:  	 	 	 	Facsimile:  	 	 
	 	 	 	 	Address:  	 	 

  
 ACCEPTANCE: Seller accepts
Buyer’s offer and agrees to sell the Property on the above terms and conditions x (subject to the attached counter offer). 
  

															
	Date:  	 	 	 	SELLER:  	 	 	 	Tax ID No.  	 	 
	 	 	 	 	Title:  	 	 	 	Telephone:  	 	 	 	Facsimile:  	 	 
	 	 	 	 	Address:  	 	 
						
	Date:  	 	 	 	SELLER:  	 	 	 	Tax ID No.  	 	 
	 	 	 	 	Title:  	 	 	 	Telephone:  	 	 	 	Facsimile:  	 	 
	 	 	 	 	Address:  	 	 

  

 Buyer
(            ) (            ) and Seller
(            ) (            ) acknowledge receipt of a copy of this page, which is page 6 of 6.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}]]