Document:

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                                  EXHIBIT 10.1

                           AGREEMENT TO PURCHASE LAND

         THIS AGREEMENT is made as of the Effective Date (as defined in the
last section of this Agreement) by and between MALL DEVELOPERS, LLC a limited
liability company (hereinafter referred to as "Seller"), LAND SOUTH PROPERTIES,
LLC, a Georgia limited liability company (hereinafter referred to as
"Purchaser"), HALL, BLOCK, GARLAND AND MEYER (hereinafter referred to as
"Escrow Agent"), BEN CARTER ASSOCIATES, L.L.C., a Georgia limited liability
company, and BRUCE WILLIAMS PROPERTIES, LLC, a Georgia limited liability
company (hereinafter collectively referred to as "Broker").

         WHEREAS, Seller is the owner of the Property (as hereinafter defined):
and Seller has agreed to sell and Purchaser has agreed to purchase the
Property;

         NOW, THEREFORE, in consideration of the agreements contained herein
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties agree as follows:

         1.       Property: Seller hereby agrees to sell and Purchaser hereby
agrees to purchase from Seller, all that approximately 1 acre tact of land
located in District 7, Land Lot 186, in Gwinnett County, Georgia, and depicted
on Exhibit "A" attached hereto as Lot 4, together with all rights,
hereditaments, and appurtenances thereto, and together with all improvements
and fixtures located thereon (the "Property").

         2.       Earnest Money: Within three (3) business days after the
Effective Date, Purchaser shall deliver to the undersigned Escrow Agent the sum
of Twenty Thousand Dollars ($20,000.00) by check as Earnest Money in connection
with the transaction contemplated hereby. Such funds, together with any and all
notes, checks, letters of credit or cash that may be deposited as additional
Earnest Money hereunder, any and all proceeds thereof, and any and all interest
earned thereon is hereinafter referred to as the "Earnest Money". Escrow Agent
shall hold the Earnest Money in an account at an FDIC insured commercial bank.
The Earnest Money shall be retained or refunded, as the case may be, in
accordance with the terms of this Agreement and shall be applied as a credit to
the amount of cash required of Purchaser at Closing. Escrow Agent's duties are
more specifically defined in Section 10. Escrow Agent of the Agreement. In the
event of Purchaser's default pursuant to the Agreement, the Earnest Money shall
be paid to the Seller in full and final liquidated damages resulting from
Purchaser's default and Seller shall not have the right to sue for specific
performance.

         3.01     Purchase Price: The purchase price of the Property shall be
approximately Six Hundred Ninety Six Thousand Nine Hundred and Sixty Dollars
($696,900) which is calculated by multiplying the purchase price per square
foot (" Price Per Square Foot") to Sixteen Dollars ($16.00) by the number of
square feet comprising the Property which is estimated at 43,560 square feet.
The exact square footage of the Property shall be determined by a survey

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pursuant to Section 12 herein and the exact purchase price (the "Purchase
Price") of the Property shall be determined by multiplying the Price Per Square
Foot by the total number of square feet to the nearest 100th as determined by
the survey. After said new survey has been completed, Exhibit "A" hereto shall
automatically be amended to conform to a legal description based on said
survey.

         3.02     The Purchase Price shall be paid as follows:

                  (a)      Cash at Closing

         4.       Taxes and Expenses: Ad Valorem taxes constituting a lien
against the Property for the year in which the Closing occurs and all other
unpaid assessments shall be prorated as of the day of Closing. If the current
year's taxes and/or other applicable assessments have not been determined at
the time of Closing, the proration shall be based upon the previous year's
taxes and/or assessments. After Closing, at such time when any said taxes or
assessments are capable of an exact determination, the party having the
information permitting the exact determination shall send to the other party a
detailed report of the exact determination so made. Within twenty (20) days
after both Seller and Purchaser shall have received such report, Seller and
Purchaser shall adjust the amounts apportioned pursuant to the estimates made
at Closing to reflect the exact determinations contained in the report, and
Seller or Purchaser, as the case may be, shall pay to the other whatever amount
shall be necessary to compensate for the difference. Seller shall pay real
estate transfer tax. Purchaser shall pay the cost of title examination, title
insurance, survey, any cost associated with studies performed in the Inspection
Period and recording the Deed of Transfer. Each party shall pay its own
attorney's fees.

         5.       Closing:

                  (a)      The closing or settlement ("Closing") of the
transaction contemplated hereby shall be held in or near Atlanta, Georgia at a
location acceptable to Seller and Purchaser on the earlier to occur of that
date that is the thirtieth (30th) day (or the next business day if such
thirtieth (30th) day is not a business day) after Southern Bank receives
confirmation of a State or Federal Bank charter or March 31, 2000. Purchaser
shall have the right to extend the Closing date to April 30th, 2000 by
providing Seller with written notice of its intention to extend said Closing on
or before March 31, 2000, accompanied by a check in the amount of $5,000
payable to Seller, which shall be nonrefundable to Purchaser in the event
Closing fails to occur but shall offset the Purchase Price in the event Closing
does occur. Notwithstanding anything in the Purchase Agreement to the contrary,
should Closing fail to occur by March 31, 2000 (or April 30,2000 as extended as
provided herein), the Purchase Agreement shall terminate and neither party will
have any further obligations hereunder.

                  (b)      At closing, subject to the terms hereof, and as
contained in the Purchase Agreement:

                           (1)      Purchaser shall pay to Seller the Purchase
Price, less a credit for the amount of the Earnest Money, and Escrow Agent
shall pay the Earnest Money to Seller.

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                           (2)      Seller will transfer good and marketable
title to the Purchaser, subject to Seller's Declaration of Covenants,
Conditions and Restrictions a copy of which shall be provided to Purchaser no
later than thirty (30) days prior to the expiration of the Inspection Period,
and other matters of record, free and clear of all liens, encumbrances and any
other indebtedness or claim whatsoever, except for such other title exceptions
as are approved by Purchaser and specifically referenced in the Agreement.

         6.       Title: At Closing, Seller shall convey good, marketable and
insurable title to the Property to Purchaser by limited warranty deed. The
Title may be subject to current and future ad valorem property taxes,
easements, covenants and restrictions of record, including a management
association, the standard exceptions of the ALTA owners policy (excluding
survey exception), and zoning ordinances affecting the Property. The property
shall not be subject to any (a) mortgage, deed to secure debt, deed of trust,
security agreement judgment, lien or claim of lien, or any other title
exception or defect unacceptable to Purchaser that are monetary of nature, or
any other (b) leases, rental agreements or other rights of occupancy of any
kind, whether written or oral. Seller hereby agrees to pay and satisfy of
record at its expense any title exception or defect that is in the nature of a
Lien or other encumbrance to secure the payment of money. If the defects or
objections are not satisfied by Seller, Purchaser may elect to terminate this
Agreement, in which case the entire Earnest Money shall he returned to
Purchaser and neither party shall have any further rights, obligations or
duties under this Agreement. If Seller does so cure or satisfy the defects or
objections, then this Agreement shall continue in effect. Purchaser shall have
the right at any time to waive any objection that it may have made and thereby
to preserve this Agreement in effect. Seller agrees not to further alter or
encumber in any way Sellers Title to the Property after the Effective Date.

         7.       Inspection Period: Purchaser shall have seventy five (75)
days after the Effective Date (which period shall be referred to as the
"Inspection Period.") to conduct Purchaser's due diligence as to the
feasibility of developing the Property for its intended uses. Such
determinations may include sewer availability and cost feasibility, access
availability, engineering studies, wetlands studies and related Corp of
Engineers approvals and any other investigations as Purchaser in its sole
discretion deems appropriate. Prior to the end of the Inspection Period,
Purchaser shall notify Seller in writing if Purchaser elects to proceed with
its obligations under this Agreement. If Purchaser fails to give notice of
Purchaser's election to proceed within the Inspection Period, this Agreement
shall be thereby terminated, whereupon Escrow Agent shall pay to Seller as
option money Fifty Dollars ($50.00) of the Earnest Money and the remainder of
the Earnest Money shall be refunded to Purchaser.

         8.       Seller's Representations and Warranties: As of the Effective
Date and as of the date of Closing, Seller represents and warrants to Purchaser
that Seller owns fee simple absolute title to the Property subject to those
items specified in Section 6, and neither Seller's execution, delivery, nor
performance of this Agreement is prohibited by or will cause a default under
any other agreement, covenant, document, or instrument.

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         9.01     Contingencies:

                  (a)      The Closing, but not the return of the Earnest
Money, shall be contingent upon Purchaser or its assignee obtaining prior to
March 31, 2000, approval from the City of Buford and/or Gwinnett County for a
commercial building for use as a bank or other use acceptable to Seller. The
Closing shall also be contingent upon satisfactory water and sewer capacity.

                  (b)      Prior to Closing, Seller shall rough grade the site
and compact the site to a 95% Proctor per a grading plan that shall be prepared
by Seller and delivered to Purchaser for its review within 15 days of the
Effective Date. Seller shall also constrict at its sole cost and expense the
Mill Creek Parkway as shown on the attached Exhibit A which shall be completed
no Later than 90 days after Closing.

                  (c)      In the event Purchaser has not received confirmation
that Southern Bank has received a state or federal bank charter by February 28,
2000, the Purchase Agreement shall at Purchasers option, terminate and one-half
of the Earnest Money shall be returned to Purchaser and the other half will be
delivered to Seller and the parties shall have no further obligations under the
Purchase Agreement. In the event Purchaser does not elect to terminate the
Purchaser Agreement, the entire Earnest Money Deposit shall become
nonrefundable subject only to Sellers default.

                  (d)      Purchaser represents that Southern Bank will file
for a state or federal bank charter prior to the end of the Inspection Period
and Purchaser agrees to provide Seller with written notice of such filing.

         9.02     Conduct Prior to Closing: Subsequent to the date a Purchase
Agreement is executed by both parties, and until the date of closing:

                  (a)      Seller will not

                           (1)      Transfer, sell, assign, or otherwise convey
any other property adjacent to the Property, without first notifying Purchaser
who is purchasing said property and what the intended use they are
contemplating.

                           (2)      Enter into any lease, contract, commitment,
or transaction in respect to the Property outside the ordinary course of
business, without the prior written consent of Purchaser.

                  (b)      Seller shall at all times prior to Closing and at
its expense continue to maintain the Property in its present condition and
repair.

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         9.03     Work Product: In the event Purchaser terminates the contract
under the terms hereunder or fails to close for any reason other than Seller
default, Purchaser shall deliver to Seller all engineering or other work
product related to the Property that has been prepared by Purchaser or its
agents or consultants.

         10.      Escrow Agent: In performing any of its duties hereunder,
Escrow Agent shall not incur any liability to anyone for any damages, losses or
expenses, except for willful default or breach of trust, and it shall
accordingly not incur any such liability with respect (a) to any action taken
or omitted in good faith upon advice of its counsel or (b) to any action taken
or omitted in reliance upon any instruments, including any written notice or
instruction provided for in this Agreement, not only as to its due execution
and the validity and effectiveness of its provisions, but also as to the truth
and accuracy of any information contained therein, which Escrow Agent shall in
good faith believe to be genuine, to have been signed or presented by a proper
person or persons and to conform with the provisions of this Agreement. The
parties hereby agree to indemnify and hold harmless Escrow Agent against any
and all losses, claims, damages, liabilities and expenses, including reasonable
costs of investigations and counsel fees and disbursements, which may be
imposed upon Escrow Agent or incurred by Escrow Agent in connection with its
acceptance of the performance of its duties hereunder, including any litigation
arising from this Agreement or involving the subject matter hereof except for
willful default and breach of trust by Escrow Agent. In the event of a dispute
between any of the parties hereto sufficient in the discretion of Escrow Agent
to justify its doing so, Escrow Agent shall be entitled to tender into the
registry or custody of any court of competent jurisdiction all money or
property in its hands under this Agreement, and thereupon be discharged from
all further duties and liabilities under this Agreement. The Purchaser and
Seller shall bear all costs and expenses of any such legal proceedings.

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         11.      Brokers and Broker's Commission: Seller shall pay a
commission of five percent (5%) of the Purchase Price to Ben Carter Associates,
LLC and Bruce Williams Properties, LLC ("Broker") at Closing to be split evenly
between the two. Seller and Purchaser acknowledge that Broker has represented
Seller in this transaction. Purchaser and Seller each warrant and represent to
the other that, with the exception of the Broker identified in this Section 11
hereof, such party has not employed a real estate broker or agent in connection
with the transaction contemplated hereby. Each party agrees to indemnify and
hold the other harmless from any loss of representation herein being untrue.
Seller hereby covenants and agrees to defend, indemnify, and hold harmless the
Purchaser against and from any and all loss, expense, liability, cost, claim,
demand, damages, action, cause of action, and suit arising out of or in any
manner relating to the alleged employment or use by Seller of any real estate
broker other than the above referenced Broker in connection with this
transaction. Purchaser hereby covenants and agrees to defend, indemnify, and
hold harmless the Seller against and from any and all loss, expense, liability,
cost, claim, demand, damages, action, cause of action, and suit arising out of
or in any manner relating to the alleged employment or use by Purchaser of any
real estate broker other than the above referenced Broker in connection with
this transaction. Purchaser and Seller each agree to release and hold Broker
harmless with respect to any information furnished to such party by Broker,
unless such party furnishes clear and convincing evidence that Broker have
knowingly furnished false information. Seller acknowledges that Purchaser is a
licensed real estate broker active in the State of Georgia.

         12.      Survey and Inspection: Seller shall provide, at Seller's
cost, a survey of the property by a Georgia licensed and registered surveyor,
which survey shall contain a calculation of the square footage within the
property to the nearest 100th of a square foot, exclusive of any areas
dedicated to the public, subject to any private right-of-way or constituting a
public street, road or highway, no later than the end of the Inspection Period.
If Seller's survey is not acceptable to Purchaser, Purchaser shall have the
right at Purchaser's sole cost and expense to appoint a second Georgia licensed
and registered surveyor whose survey (Purchaser's Survey) shall then be used in
computing the exact square footage to be used in computing the total Purchase
Price. If Purchaser's Survey is not acceptable to Seller, then Seller's
surveyor and Purchaser's surveyor shall appoint a third Georgia licensed and
registered surveyor whose survey shall be conclusive as to the exact square
footage to be used in calculating the Purchase Price. The cost of any such
third survey shall be borne equally by Purchaser and Seller. Purchaser and
Purchaser's agents, employees, and independent contractors shall have the right
and privilege to enter upon the property prior to Closing to survey and inspect
the Property and to conduct soil borings and geological testing and engineering
tests or studies. Purchaser hereby covenants and agrees to indemnify and hold
harmless Seller from any and all loss, liability, costs, claims, demands,
damages, actions, causes of action, and suits arising out of or in any manner
related to the exercise by Purchaser of Purchaser's rights under this section,
except that any loss, liability, cost, claims, demands, damages, actions,
causes of action, or suits caused by Seller's negligence, fraud, or willful
misconduct.

         13.      Eminent Domain: If, after the Effective Date and prior to
Closing, Seller shall receive notice of the commencement or threatened
commencement of eminent domain or other like proceedings against the Property
or any portion thereof, Seller shall promptly notify

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Purchaser in writing, and Purchaser shall elect within thirty (30) days from
and after such notice, but at all times prior to the otherwise established
closing, to: (a) terminate this transaction, in which event the Earnest Money
shall be refunded to Purchaser and the Agreement shall be void and of no
further force and effect; or (b) to close the transaction contemplated hereby
in accordance with its terms but subject to such proceedings, in which event
the Purchase Price shall remain the same and Seller shall transfer and assign
to Purchaser at Closing all condemnation proceeds and rights to additional
condemnation proceeds, if any. If Purchaser elects to purchase after receipt of
such notice, all actions taken by Seller with regard to such eminent domain
proceedings, including but not limited to, negotiations, litigation,
settlement, appraisals, and appeals, shall be subject to the approval of
Purchaser, which approval shall not be unreasonably withheld. If Purchaser does
not make such election within the aforesaid time period, Purchaser shall be
deemed to have elected to close the transaction contemplated hereby in
accordance with clause (b) above.

         14.      Environmental Matters: Seller warrants that to the best of
his knowledge, (i) no portion of the Property has been used as a landfill, (ii)
the Property does not contain, no activity on the Property has produced, and
the Property has not been used in any manner for the storage of any hazardous
or toxic materials, waste, discharge, deposit, dumping or contamination,
whether soil, ground water or otherwise, (iii) the Property does not contain
any underground tanks of any type, and there are no surface or subsurface
conditions that constitute, or with the passage of time may constitute a public
or private nuisance, and (iv) the Property does not contain any materials
containing or producing any polychlorinated biphenyls or asbestos. During the
Inspection Period, Purchaser shall he granted the opportunity to enter the
Property and perform, or have performed, any investigation which may be useful
to Purchaser in seeking to detect the presence of hazardous or toxic wastes or
other conditions referred to in this paragraph on the Property. In the event
that evidence of such contamination or conditions is discovered prior to
Closing, Purchaser shall have the right to terminate this Agreement and have
returned to it all Earnest Money paid under this Agreement.

         15.      Notice: Each notice required or permitted to be given
hereunder shall be delivered in person or by courier or by depositing it with
the United States Postal Service by certified mail, return receipt requested,
with adequate postage prepaid, addressed to the appropriate party (and marked
to a particular individual's attention) as hereinafter provided. Each such
notice that is delivered in person or by courier shall be effective when
delivered to the address specified herein, and each such notice that is sent by
certified mail shall be effective upon being so deposited with the United
States Postal Service, by the time period in which a response to any such
notice must be given or any action taken with respect thereto shall commence to
run from the earlier of the date of receipt of the notice by the addresses
thereof, or three (3) days after being deposited with the United States Postal
Service, if applicable. The addresses of the parties to which notices are to be
sent shall be those set forth on the signature pages of this Agreement. Any
party shall have the right from time to time to change the address to which
notices to it shall be sent by giving to the other party or parties at least
thirty (30) days prior notice of the changed address or additional addresses.

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         16.      Documents: At or prior to Closing, each party shall deliver
to the other party appropriate evidence to establish the authority of such
party to enter into and close the transaction contemplated hereby. Seller shall
also execute and deliver to Purchaser at Closing a (i) Limited Warranty Deed;
(ii) an affidavit for mechanics' or materialmen's liens, other statutory liens,
or for the rights of parties in possession; and (iii) a certificate with
respect to Section 1445 of the Internal Revenue Code stating, among other
things, that Seller is not a nonresident alien as defined in the Internal
Revenue Code and IRS Regulations. The parties shall also execute and deliver at
Closing any other documents reasonable necessary or appropriate to complete and
evidence the transaction contemplated hereby.

         17.      Remedies. If this transaction fails to close by reason of
Purchaser's failure to perform its obligations under this Agreement, the Escrow
Agent shall deliver, pursuant to this Agreement, the Earnest Money that Escrow
Agent has in its possession at that time to Seller as full liquidated damages,
the parties hereby acknowledging and agreeing that the amount of Seller's
actual damages in such circumstance would be difficult, if not impossible, to
determine and that the agreed upon liquidated damages are a reasonable
pre-estimate of the actual damages, are not punitive or penalties, and are
just, fair and reasonable, all in accordance with O.C.G.A. 13-6-7. Seller
expressly acknowledges and agrees that receipt of the Earnest Money as provided
herein shall be Seller's sole remedy in the event of Purchaser's failure to
perform its obligations hereunder, Seller expressly waiving all other rights or
remedies that Seller may have at law or in equity, including without
limitation, specific performance. In the event that Seller fails or refuses to
convey the Property in accordance with the terms of this Agreement or otherwise
fails to perform its obligations hereunder, then Purchaser shall have the right
to a refund of the Earnest Money or the right of specific performance, in
addition to all other rights and remedies available to Seller at law or in
equity for Seller's breach.

         18.      Miscellaneous: Time is of the essence with respect to each
and every provision of this Agreement. This Agreement constitutes the entire
agreement of the parties and may not be amended except by written instrument
executed by Purchaser and Seller. Escrow Agent and Brokers shall not be
necessary parties to amendments to this Agreement, but such amendments shall
not adversely affect or impair the rights or duties of Escrow Agent and Brokers
hereunder. The provisions of this Agreement relating to tax prorations after
Closing, Purchaser's indemnification with respect to its entering upon the
Property prior to Closing, and the mutual indemnification's concerning
brokerage commissions shall survive any Closing pursuant to this Agreement or
any termination of this Agreement by either party as a matter of right
hereunder or in breach Agreement, notwithstanding any other provisions in this
Agreement to the contrary. All other representations and agreements set forth
herein shall expressly survive the Closing of this transaction. This Agreement
shall he construed and interpreted in accordance with the laws of the State in
which the Property is located. This Agreement shall be binding upon and inure
to the benefit of the parties hereto and their respective successors and
assigns. Purchaser may assign all or any portion of its rights under this
Agreement, and upon any such assignment, the assignor shall be released
automatically from all duties hereunder and Seller shall look solely to the
assignee for performance. If more than one person shall sign this Agreement as
a Seller, then each person so signing shall he jointly and severally liable.
The exhibits referred to in any attached document to this Agreement are
incorporated herein in full by reference. If the time

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period by which the Closing must he held expires on a Saturday, Sunday or legal
or bank holiday, then such time period shall automatically be extended through
the close of business on the next regularly scheduled business day.

         19.      Offer, Acceptance and Contract: This document shall
constitute an offer by Purchaser that shall be open for acceptance by Seller
until 5:00 p.m., Atlanta, Georgia, time, August 27, 1999. For purposes of this
Agreement, the "Effective Date" is that date that Purchaser shall have received
actual delivery of this Agreement properly executed by Seller.

         IN WITNESS WHEREOF, the undersigned have set their hands and seals
hereto on the day and year indicated next to their respective signatures.

PURCHASER:

LandSouth Properties, LLC
5400 Riverside Drive, Suite 101
Macon, Georgia  31210

By:  /s/ Jeff S. Tucker                               Date:  August 27, 1999

Its:  Managing Member

SELLER:

Mall Developers, LLC
3491 Buckhead Loop, Suite 1506
Atlanta, Georgia  30326

By:  /s/  Jack E. Fisher                              Date:  September 7, 1999

Its:  Member

Escrow Agent

Hall, Bloch, Garland and Meyer, LLP
2452 Vineville Avenue
Macon, Georgia  31201

By:  /s/ Hall, Bloch, Garland and Meyer, LLP          Date:  August 26, 1999

Its:  Partner

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BROKER

Ben Carter Associates, LLC (hereinafter referred to as BCA)
950 E. Paces Ferry Road
Suite 900
Atlanta, Georgia  30326

By:  /s/ Ben Carter Associates, LLC                   Date:  September 13, 1999

Bruce Williams Properties, LLC
21 North Main Street
Suite 201
Alpharetta, Georgia 30201

By:  /s/ Bruce Williams, Properties, LLC              Date:  September 9, 1999

                                      10<PAGE>   1

STATE OF GEORGIA

GWINNETT COUNTY

             LEASE AGREEMENT FOR MAGNOLIA OFFICE COMPLEX CONDOMINIUM

THIS LEASE AGREEMENT, made this 5th day of April, 2000, by and between BLAZER
RIDGE, INC., a Georgia corporation (hereinafter referred to as "Landlord"), and
SOUTHERNBANK, N.A., (under organization) a corporation of the State of Georgia,
(hereinafter referred to as "Tenant");

                                    ARTICLE 1

                                    PREMISES

         1.01 Landlord hereby leases to Tenant, and Tenant hereby leases from
Landlord, the property hereinafter referred to as the "Leased Premises",
described as Magnolia Office Complex, Suites E-3 and E-4, 1400 Buford Highway,
Sugar Hill, Georgia, 30518, containing approximately 2,005 square feet of office
space ("Leased Premises"), which Leased Premises are to be constructed by
Landlord for Tenant, at Landlord's sole cost and expense, except as otherwise
specifically provided in this Lease Agreement, in accordance with Approved Plans
and Specifications (as defined in Paragraph 3.03 hereof), and located upon the
land (the "Land") as more particularly described on Exhibit "A" attached hereto
and by this reference incorporated herein.

                                    ARTICLE 2

                                      TERM

         2.01 TO HAVE AND TO HOLD the Leased Premises for a term commencing on
May 1, 2000, (hereinafter referred to as the "Commencement Date") and
continuing until midnight on July 31, 2001, (or, if later, midnight on the last
day of the second year at the initial lease term).

         2.02 Provided Tenant is not then and has not been in default hereunder
and Tenant has paid all rent on or before the due date throughout the term of
the Lease, Tenant shall have the option to renew and extend this Lease for three
successive three month terms under the same terms and conditions but subject to
the 4% rent escalation provided in Paragraph 3.01(b). Tenant shall give
Landlord written notice thirty days prior to the expiration of the initial term
of this Lease of Tenant's election to renew and extend the Lease. Tenant shall
have the option to terminate this Lease by giving Landlord written notice after
the first twelve months of this Lease.

                                    ARTICLE 3

                                     RENTAL

         3.01 (a) As rental for the Leased Premises, Tenant agrees to pay to
Landlord, without notice, demand, offset or abatement, the annual base rental
described below, due and payable in equal monthly installments on or before the
first day of each calendar month beginning on the Commencement Date and
thereafter for the remainder of the term, together with any other additional
rental as hereinafter set forth. Rental payments not received by Landlord within
five (5) calendar days of the due date thereof shall be subject to a late
charge due and payable by Tenant to Landlord on the sixth (6th) calendar day
after the due date thereof in an amount equal to ten percent (10%) of such past
due rental, together with interest upon the past due rental payments at the rate
of twelve percent (12.0%) per annum from the due date thereof until paid. If the
Commencement Date of this Lease shall be a date

<PAGE>   2

other than the first day of a calendar month, applicable rent for such month
shall be prorated on a daily basis, based on the number of days in such month.

                  (b) The "base rental" for each lease year shall be THIRTY ONE
THOUSAND SEVENTY SEVEN and 50/100 U.S. DOLLARS ($31,077.50), but shall be
adjusted as provided in Paragraph 3.01 (b) and in Paragraphs 3.02 and 7.01. The
first "lease year" shall commence the Commencement Date and end on the day
before the first anniversary of the Commencement Date (provided that if the
Commencement Date is not the first day of a calendar month, the first "lease
year" shall end on the last day of the calendar month in which the first
anniversary of the Commencement Date occurs). Each subsequent "lease year" shall
be the twelve (12) month period commencing on the day after the last day of the
first lease year and the subsequent anniversaries thereof. Beginning on the
first anniversary of the Commencement Date and on each succeeding anniversary
date thereafter, the "Base Rental" for each lease year shall automatically
increase by an amount equal to four percent (4%) over the preceding year's base
rental.

         3.02 The base rental provided in paragraph 3.01 above, incorporates as
a part thereof all costs and expenses of construction of the Leased Premises on
the basis set forth in the plans and specifications attached hereto in Exhibit
"B" (hereinafter referred to as the "Approved Plans and Specifications"), but
does not take into account: (1) any increases in such costs and expenses due to
cost incurred in excess of the amounts set forth in allowances; or (2) due to
Change Orders as defined in Paragraph 7.01; or (3) increases in the square
footage of the Building above 2,005 square feet. Changes in such costs and
expenses due to Change Orders shall be taken into account the manner described
in Paragraph 7.01 In no event shall annual base rental for any years in the term
be less than the amount stated in Paragraph 3.01 (b).

                                    ARTICLE 4

                         DELAY IN DELIVERY OF POSSESSION

         4.01 If Landlord shall fail to deliver to Tenant actual possession of
the Leased Premises by June 1, 2000, rent shall abate until possession is given,
but Landlord shall not be liable to Tenant for such failure, and the
Commencement Date shall become the date on which possession is given.
Notwithstanding the foregoing, however, if the Leased Premises are not available
for occupancy by Tenant on June 1, 2000, this Lease shall be violable by either
party, and if voided, all deposits and payments made to by Tenant hereunder, if
any, shall be immediately refunded to Tenant by Landlord; provided, however,
that such date shall be extended to the extent that construction is delayed by
any of the reasons set forth in Article 31 or other conditions beyond Landlord's
control or by amendments to the working drawings for the improvements to the
Leased Premises requested by Tenant. The Leased Premises shall be "available for
occupancy" when they are so completed that Tenant may conduct normal operations,
or when a Certificate of Occupancy has been issued for the Leased Premises,
whichever is earlier.

                                    ARTICLE 5

                             USE OF LEASED PREMISES

         5.01 The Leased Premises may be used and occupied for office purposes
only. Tenant will not perform any act or carry on any practices that may injure
the Leased Premises or be a nuisance or menace to owners or

                                        2

<PAGE>   3

occupants of adjoining premises. On or before the Commencement Date, Tenant
shall take possession of, and, thereafter, continuously occupy the Leased
Premises during the term of this Lease, and operate thereon the normal business
operations of Tenant.

         5.02 Tenant shall, at its sole cost and expense, keep, maintain, use
and operate the Leased Premises at all times in compliance with all applicable
federal, state and local laws and ordinances ("Applicable Laws", as defined
hereafter), including those addressing environmental compliance, worker health
and safety, discrimination in the workplace, and statutory insurance, and
including but not limited to obtaining any required permits, licenses or other
necessary prior approvals. The Tenant warrants that it shall maintain the Leased
Premises in good and sanitary order, condition and repair. As part of the
maintenance obligation, Tenant shall promptly respond to and clean up any
release or threatened release of any hazardous substance ("Hazardous Substance",
as defined hereafter) into the drainage systems, soil, surface water,
groundwater, or atmosphere, in a safe manner, in strict compliance with
Applicable Law, and as authorized or approved by all federal, state and/or
local agencies having authority to regulate the permitting, handling, and clean
up of Hazardous Substances. Tenant will further comply with all covenants,
conditions and restrictions which are applicable to the Property, including but
not limited to, the Declaration of Condominium for Magnolia Condominium, a
preliminary draft of which Tenant acknowledges receiving from Landlord, as the
same may be amended from time to time.

                                    ARTICLE 6

                          UTILITIES, JANITORIAL SERVICE

         6.01 Unless caused by the willful act or negligence of Landlord, its
agents, or employees, Landlord shall not be liable in the event of any
interruption in the supply of any utilities. Tenant agrees that it will not
install any equipment which will exceed or overload the capacity of any utility
facilities and that if any equipment installed by Tenant shall require
additional utility facilities, the same shall be installed by Tenant at Tenant's
expense in accordance with plans and specifications approved in writing by
Landlord. Landlord shall be solely responsible for and shall pay all charges for
use or consumption of sanitary sewer and water services for the Leased Premises
on or before the due date thereof. Tenant shall be solely responsible for and
shall pay all charges for use or consumption of electricity, telephone and any
other utility services other than sanitary sewer and water for the Leased
Premises on or before the due date thereof.

         6.02 Tenant shall keep the Premises free from all litter, dirt,
debris, and obstructions and in a clean and sanitary condition. Without limiting
the generality of the foregoing, Tenant shall provide janitorial services at its
own expense, with the frequency and identity of the janitorial service provider
subject to the reasonable approval of the Landlord.

                                    ARTICLE 7

                             LANDLORD'S OBLIGATIONS

         7.01 The Leased Premises shall be constructed by Landlord in compliance
with all federal, state, county, municipal or local government laws, ordinances,
regulations, rules and orders (including, without limitation, the Occupational
Safety and Health Act of 1970, as amended). All costs of construction of the
Leased Premises pursuant to the Plans and Specifications and in accordance with
the allowances set forth therein shall be borne by Landlord; but Tenant shall
pay all costs of construction of the Tenant improvements in the Leased Premises
in

                                       3
<PAGE>   4
excess of the allowances set forth in the Plans and Specifications or for any
changes in the Plans and Specifications which increase the cost. Changes in the
Plans and Specifications shall be made only pursuant to written change order
(hereafter a "Change Order") signed by both Tenant and Landlord. Such Change
Order shall specify the cost of such change (which shall be the sum of all
actual out of pocket costs and expenses attributable thereto and the cost of
financing with respect thereto), and any additional time required for
completion required by reason of such change. In the event of an increase in
the cost of construction resulting from Change Orders and from costs incurred
in excess of the allowances set forth in the Approved Plans and Specifications,
Tenant shall deposit with Landlord immediately collectible funds in an amount
sufficient to cover the excess in costs of construction prior to Landlord being
obligated to perform the work contemplated in the Change Order. In the event
the Change Order specifies additional time required for completion, such Change
Order shall constitute an amendment to this Lease extending any date specified
herein by that number of days of additional time so specified in such Change
Order provided, however, that in such event the Commencement Date, for purposes
of Tenant's obligation to commence the payment of rent and for purposes of
fixing the lease term, shall be the date on which completion would have
occurred but for the extension of time caused by such Change Order, unless such
Change Order was requested by Landlord, in which event the Commencement Date
shall be extended by that number of days of additional time so specified in
such Change Order.

         7.02     During the course of construction of the Leased Premises,
Tenant may enter upon the Leased Premises for purposes of inspecting and
reviewing the work, taking measurements and making plans, without being deemed
thereby to have taken possession or obligated itself to pay rent but Tenant
agrees that: (a) Landlord shall have no liability for injury to any person,
death to any person, or damage to any property of Tenant stored on the Leased
Premises except for damages caused by the willful act or gross negligence (but
only to the extent of such gross negligence) of Landlord or its employees or
agents, (b) Tenant shall not interfere with Landlord's construction work on
the Leased Premises, (c) Tenant shall indemnify, protect and hold harmless
Landlord from and against any and all claims, demands, damages, losses, costs,
expenses, liabilities and actions at law or in equity based upon any occurrence
or condition arising out of or attributable to Tenants exercise of such right,
and (d) Tenant shall be solely responsible for the permitting of any such work
it performs. Without limiting the generality of the foregoing, and provided
that Tenant complies with the provisions of this Paragraph 7.02, Lessee shall
have access to the Leased Premises from ten (10) days prior to the Commencement
Date to the Commencement Date for the installation of telecommunication
systems, but not furniture or equipment.

         7.03     No later than the Commencement Date, Tenant and Landlord
shall prepare an agreed final punch list setting forth the work, if any,
remaining to be done, or requiring correction, on the Leased Premises, and
Landlord shall promptly commence, and thereafter with due diligence prosecute
to completion, the work required by said punch list (which shall in no event
include, except on condition Tenant shall pay to Landlord the actual cost
thereof plus fifteen percent (15%) of such amount, work required as a
consequence of injury or damage to the Leased Premises attributable to Tenant,
its agents, employees, contractors or movers). If the parties cannot agree
upon the final punch list, then the punch list shall be determined by an
independent professional engineer employed by the mutual agreement and mutual
cost of Landlord and Tenant.

         7.04     Landlord agrees at its expense during the term of this Lease
to keep in good repair the roof and structural components of the Leased
Premises, including electrical, plumbing and mechanical systems.
Notwithstanding anything elsewhere in this Lease to the contrary, Landlord
shall, at its sole cost and expense, upon notice by Tenant (with a copy of such
notice being sent to the holders of any mortgages, or deeds to secure debt,
which notice shall also provide such holders with an opportunity to cure such
defect within sixty (60) days thereafter, repair, replace or otherwise correct
construction defects, including defects in any of the additional items to be
constructed or installed by Landlord in accordance with this Lease, provided
that any correction or repair of

                                       4
<PAGE>   5

any defect or condition caused by the acts or failure to act of Tenant, its
agents, contractors, employees or invitees shall be paid by Tenant as herein
provided.

         7.05     From the Commencement Date until the expiration or earlier
termination of the term hereof, Tenant shall have exclusive control of the
Leased Premises and Landlord shall be under no obligation to inspect the same.
Tenant shall report in writing to Landlord (with a copy of such notice being
sent to the holders of any mortgages, or deeds to secure debt, which notice
shall also provide such holders with an opportunity to cure such defect within
sixty (60) days thereafter) any defective condition known to it which Landlord
is required to repair, and Landlord shall move with reasonable diligence to
repair such condition. Failure to report such defects within a reasonable time
shall make Tenant responsible to Landlord for any liability of Landlord which
was proximately caused by the failure of Tenant to report such defects within a
reasonable time.

         7.06     For the purpose of this Article 7 Landlord shall not be
deemed in default hereunder unless and until the holder of mortgages or deeds
to secure debt (the names and addresses of which have previously been provided
to Tenant) shall have been given the same opportunity to cure Landlord's
default as herein provided.

                                   ARTICLE 8

                                TENANT REPAIRS

         8.01     Except as otherwise expressly provided in Article 7
(including but not limited to the obligation of Landlord in Paragraph 7.04 to
correct construction, defects), Tenant shall, at its sole cost, keep and
maintain the Leased Premises and appurtenances and every part thereof,
including by way of illustration and not by way of limitation the floors, all
windows, doors, and the interior of the Leased Premises, including all
plumbing, heating, air conditioning, sewer, electrical systems and all fixtures
and all other similar equipment serving the Leased Premises in good and
sanitary order, condition, and repair. Tenant shall be responsible for all pest
control within the Leased Premises, including, but not limited to the
eradication of any ants or termites should infestation be observed during the
term of the Lease. Tenant shall, at its sole cost, keep and maintain all
utilities, fixtures and mechanical equipment within the Leased Premises in good
order, condition, and repair. All windows shall be washed and cleaned as often
as necessary to keep them clean and free from smudges and stains. In the event
Tenant fails to maintain the Leased Premises as required herein or fails to
commence repairs (requested by Landlord in writing) within fifteen (15) days
after such request, or fails diligently to proceed thereafter to complete such
repairs, Landlord shall have the right in order to preserve the Leased Premises
or portion thereof, and/or the appearance thereof, to make such repairs or have
a contractor make such repairs and charge Tenant for the cost thereof as
additional rent, together with interest at the rate of twelve percent (12%) per
annum from the date of making such payments.

                                   ARTICLE 9

                         ALTERATIONS, MECHANICS' LIENS

         9.01     Alterations may not be made to the Leased Premises without
prior written consent of Landlord, and any alterations of the Leased Premises
excepting movable furniture and trade fixtures shall at Landlord's option
become part of the realty and belong to Landlord.

                                       5
<PAGE>   6

         9.02     Should Tenant desire to alter the Leased Premises and
Landlord gives written consent to such alterations, at Landlord's option,
Tenant shall contract with a contractor reasonably approved by Landlord for the
construction of such alterations.

         9.03     Notwithstanding anything in paragraph 9.02 above, Tenant
may, upon written consent of Landlord, install trade fixtures (meaning articles
placed in or attached to the Leased Premises by the Tenant, to facilitate the
trade or business for which it occupies the Leased Premises, or to be used in
connection with such business), machinery or other trade equipment in
conformance with all applicable laws, statutes, ordinances, rules, regulations,
and the same may be removed upon the termination of this Lease provided Tenant
shall not be in default under any of the terms and conditions of this Lease,
and the Leased Premises are not damaged by such removal. For the purpose of the
immediately preceding sentence, Landlord agrees not to unreasonably withhold
nor delay its consent to installation of trade fixtures; provided that if the
installation of such trade fixtures does not affect the integrity of the Leased
Premises and its structural components and such trade fixtures are not attached
to structural components, then no consent by the Landlord shall be required.
Tenant shall return the Leased Premises on the termination of this Lease in the
same condition as when rented to Tenant, reasonable wear and tear and casualty
damage only excepted. Tenant shall keep the Leased Premises, including Land,
the Leased Premises and all parts thereof, free from any liens arising out of
any work performed for, materials furnished to, or obligations incurred by
Tenant, and Tenant shall discharge of record by bond or otherwise, within ten
(10) days following Tenant's notice of the filing thereof, any mechanic's or
similar lien or encumbrance filed against the Leased Premises for work or
materials claimed to have been furnished to or for the benefit of Tenant and/or
the Leased Premises. All such work provided for above, shall be done at such
times and in such manner as Landlord may from time to time designate without
the same being an assumption of liability as a consequence thereof. Tenant
shall give Landlord written notice five (5) days prior to employing any laborer
or contractor to perform substantial work resulting in an alteration of the
Leased Premises so that Landlord may post a notice of non-responsibility.

         9.04.    Despite anything contained in this Paragraph 9 to the
contrary, Landlord, at its option, may require Tenant to remove any
improvements, fixtures and equipment installed by Tenant prior to Tenant's
vacation of the Leased Premises. Tenant shall indemnify and hold Landlord
harmless against all damages to the Leased Premises caused by the removal of
any furniture, trade fixtures or other personal property from the Leased
Premises, and other fixtures if such other fixtures are required by Landlord to
be removed by Tenant.

                                   ARTICLE 10

                            WASTE AND QUIET CONDUCT

         10.01    Tenant shall not commit, or suffer any waste upon the Leased
Premises, or any nuisance, or other act or thing which may disturb the quiet
enjoyment of any owner or occupant of any other property in the project in
which the Leased Premises are located.

                                   ARTICLE 11

                            FIRE INSURANCE, HAZARDS

         11.01    No use shall be made or permitted to be made of the Leased
Premises, nor acts done which might increase the existing rate of insurance
thereon or cause the cancellation of any insurance policy thereby, or any part
thereof, nor shall Tenant sell, or permit to be kept, used or sold, in or about
the Leased Premises, any article which may be prohibited by the Standard form
of fire insurance policies, Tenant shall, at its sole cost and expense,

                                       6
<PAGE>   7

comply with any and all requirements of any insurance organization or company
necessary for the maintenance of reasonable fire and public liability insurance
covering the Leased Premises and appurtenances.

                                   ARTICLE 12

                           INDEMNIFICATION BY TENANT

         12.01    Tenant shall indemnify Landlord and hold Landlord, its
mortgagee or the holder of any indebtedness or deed to secure debt harmless
against and from any and all claims arising from Tenant's use of the Leased
Premises (other than those arising from any negligence of Landlord or its
agents or employees), or the conduct of its business or from any activity,
work, or thing done, permitted or suffered by the Tenant in or about the Leased
Premises, and shall further indemnify and hold harmless such parties against
and from any and all claims arising from any breach or default in the
performance of any obligation on Tenant's part to be performed under the terms
of this Lease, or arising from any act, neglect, fault or omission of the
Tenant, or of its agents or employees, and from and against all costs,
attorney's fees, expenses and liabilities incurred in or about such claim or
any action or proceeding brought relative thereto and in case any action or
proceeding be brought against any such parties by reason of any such claim,
Tenant upon notice from Landlord or its mortgagee, or holder of any
indebtedness or deed to secure debt, as the case may be, shall defend the same
at Tenant's expense by counsel chosen by Tenant and who is reasonably
acceptable to Landlord or the applicable co-defendant. Tenant, as a material
part of the consideration to Landlord, hereby assumes all risk of damage to
property or injury to persons in or about the Leased Premises from any cause
whatsoever except that which is caused by the willful act, negligence of or the
failure of Landlord to observe any of the terms and conditions of this Lease
after written notice of such failure and the passage of any applicable cure
periods as provided in this Lease without the failure being cured by Landlord.
The obligations of Tenant under this Paragraph arising by reason of any
occurrence taking place during the term of this Lease shall survive any
termination of this Lease.

                                   ARTICLE 13

                                WAIVER OF CLAIMS

         13.01    Tenant, as a material part of the consideration to be
rendered to Landlord, hereby waives all claims against Landlord for damages to
goods, wares and merchandise in, upon or about the Leased Premises and for
injury to Tenant, its agents, employees, invitees, or third persons in or about
the Leased Premises from any cause arising at any time other than the
negligence (and only to the extent thereof) of Landlord, its agents and
employees.

                                   ARTICLE 14

                               ENTRY BY LANDLORD

         14.01    Tenant shall permit Landlord and Landlord's agents, servants,
mortgagees or independent contractors to enter the Leased Premises at all
reasonable times upon twenty-four (24) hours prior notice (except in an
emergency for which no notice shall be required) for the purpose of inspecting
the same or for the purpose of maintaining the Leased Premises, or for the
purpose of making repairs, alterations, or additions to any portion of the
Leased Premises, including the erection and maintenance of such scaffolding,
canopies, fences and props as may be required or for the purpose of posting
notices of non-responsibility for alterations, additions, or repairs, or
placing upon the Leased Premises any usual or ordinary "for sale" signs,
without any rebate, reduction, abatement or offset of rent and without any
liability to Tenant for any loss of occupation or quiet enjoyment of the Leased
Premises thereby occasioned; and shall permit Landlord at any time within six
(6) months prior to the expiration of this

                                       7
<PAGE>   8

Lease, to place upon the Leased Premises any usual or ordinary "to let", "to
lease" or "for sale" signs or for the purpose of showing the Leased Premises to
prospective tenants or purchasers.

                                   ARTICLE 15

                                     TAXES

         15.01    (a) Landlord shall pay all ad valorem real property taxes
assessed against the Land and the building containing the Leased Premises (but
not any personal property ad valorem taxes relative to Tenant's property), as
and when due.

                  (b) Tenant shall pay prior to delinquency all taxes assessed
against and levied upon trade fixtures, furnishings, equipment and all other
personal property of Tenant contained in the Leased Premises.

                                   ARTICLE 16

                                   INSURANCE

         16.01    Liability Insurance. Tenant, at its own expense, shall obtain
and keep in full force and effect at all times during the term of this Lease
public liability insurance written by a company reasonably acceptable to
Landlord for the benefit of Landlord and Tenant (and, at Landlord's request,
any Mortgagee of Landlord), jointly against liability for personal injury and
property damage in the amount of not less than One Million Dollars
($1,000,000.00) in respect to injuries to or death of more than one person in
any one occurrence, in the amount of not less than Five Hundred Thousand
Dollars ($500,000.00) in respect to injuries to or death of any one person, and
in the amount of not less than One Hundred Thousand Dollars ($ 100,000.00) per
occurrence in respect to damage to property, such limits to be for any greater
amounts as may be reasonably indicated by circumstances from time to time
existing. Not more frequently than each two (2) years, if, in the reasonable
opinion of Landlord, the amount of insurance required under this paragraph
16.01 is not adequate, Tenant shall increase said insurance coverage as
reasonably required by Landlord. However, such increase may be more frequent
than each two (2) years if reasonably required by Landlord's Mortgagee. As used
herein, "Mortgage" means any deed to secure debt, mortgage, deed of trust, or
similar security instrument now or at any time hereafter encumbering the Leased
Premises, any part thereof or interest therein. "Mortgagee" means the holder of
a Mortgage.

         16.02    Property Insurance. Tenant shall obtain and keep in full
force and effect at all times during the term of this Lease on all of its
personal property in the Leased Premises (including without limitation
fixtures, equipment, movable and non-movable trade fixtures, inventory,
merchandise and goods) a policy or policies of fire and extended coverage
insurance written by a company reasonably acceptable to Landlord with standard
coverage endorsement to the full extent of their insurable value. During the
term of this Lease the proceeds from any such policy or policies of insurance
shall be used for the repair or replacement of the fixtures, and Landlord will
sign all reasonable documents necessary or proper in connection with the
settlement of any claim or loss by Tenant. Landlord will have no obligation to
carry insurance on Tenant's possessions and Landlord will not be responsible
for any damage thereto except as expressly set forth in this Lease to the
contrary.

         16.03    Workers' Compensation Insurance. Tenant shall obtain, and
keep in full force and effect at all times during the term of this Lease, a
policy or policies of workers' compensation insurance written by a company
reasonably acceptable to Landlord in the amount required by law to protect
Tenant's employees.

                                       8
<PAGE>   9

                                   ARTICLE 17

                                  ABANDONMENT

         17.01    If Tenant shall abandon, vacate or surrender the Leased
Premises, or be dispossessed by process of law, or otherwise, any personal
property belonging to Tenant and left on the Leased Premises shall, at the
option of the Landlord, be deemed abandoned and be and become the property of
Landlord.

                                   ARTICLE 18

                                  DESTRUCTION

         18.01    In the event of damage to or destruction of the Leased
Premises during the lease term which requires repairs to the Leased Premises,
Landlord shall forthwith make repairs, provided, in Landlords judgment, repairs
can be completed within one hundred eighty (180) days from the date of such
damage or destruction, but such damage or destruction (including any
destruction necessary in order to make repairs) shall in no way annul or void
this Lease, except that Tenant shall be entitled to a proportionate reduction
of base rent while such repairs are being made. The proportionate reduction is
to be based upon the extent to which the making of repairs shall interfere with
the business carried on by Tenant in the Leased Premises. If repairs cannot
in Landlord's judgment be completed within one hundred eighty (180) days,
Landlord may, at its option, make same within a reasonable time, this Lease
continuing in full force and effect and the base rent to be proportionately
abated, as in this paragraph provided. In the event that Landlord does not so
elect to make repairs which cannot in Landlord's judgment be completed within
one hundred eighty (180) days, or repairs cannot be made under current laws and
regulations, this Lease may be terminated at the option of either party.
Landlord agrees to notify Tenant in writing, of the estimated time period for
the completion of required repairs and of Landlord's election, if applicable,
with regard to making said repairs, within thirty (30) days after Landlord
receives notice of the occurrence of the damaging event, and to promptly
commence and diligently prosecute unto completion any repairs required to be
made by Landlord hereunder.

                                   ARTICLE 19

                           ASSIGNMENT AND SUBLETTING

         19.01    Landlord shall have the right to transfer and assign, in whole
or in part its rights and obligations in the Leased Premises. Tenant shall not
assign this Lease or sublet all or any part of the Leased Premises without the
prior written consent of the Landlord. In the event of any assignment or
subletting, Tenant shall nevertheless at all times, remain fully and primarily
responsible and liable for the payment of the rent and for compliance with all
of its other obligations under the terms, provisions and covenants of this
Lease. Upon the occurrence of an "Event of Default" as defined below, if all or
any part of the Leased Premises are then assigned or sublet, Landlord, in
addition to any other remedies provided by this Lease or provided by law, may at
its option, collect directly from the assignee or subtenant all rents becoming
due to Tenant by reason of the assignment or sublease. Any collection directly
by Landlord from the assignee or subtenant shall not be construed to constitute
a novation or a release of Tenant from the further performance of its
obligations under this Lease, or an acceptance of such assignee or subtenant.

                                       9

<PAGE>   10
                                   ARTICLE 20

                              INSOLVENCY OF TENANT

         20.01    Either (a) the appointment of a receiver to take possession of
all or substantially all of the assets of Tenant, or (b) a general assignment by
Tenant for the benefit of creditors, or (c) any action taken or suffered by
Tenant under any insolvency or bankruptcy act shall, if any such appointment,
assignment or action continues for a period of sixty (60) days, constitute a
breach of this Lease by Tenant, and Landlord may at its election without notice,
terminate this Lease and in that event be entitled to immediate possession of
the Leased Premises and damages as provided below.

                                   ARTICLE 21

                                BREACH BY TENANT

         21.01    The occurrence of any of the following shall constitute an
Event of Default ("Event of Default") under this Lease on the part of Tenant:

                  (a)      Failure to pay when due any payment of base rental,
         additional rent, or any other sum of money payable by Tenant under
         this Lease, and such failure to pay continues for a period of five (5)
         days after written notice from Landlord of such failure to pay;
         provided however, Landlord shall not be required to provide such notice
         more than two (2) times in any one (1) lease year, the third (3rd) and
         any subsequent such failure in such lease year to pay within five (5)
         days after the due date therefor constituting an Event of Default
         without Landlord being required to provide such notice or allow Tenant
         a grace period after such notice;

                  (b)      Tenants interest in this Lease or the Leased Premises
         shall be subjected to any attachment, execution, levy or other judicial
         seizure pursuant to any order or decree entered against Tenant in any
         legal proceeding that is not stayed (so as to prevent seizure) pending
         appeal and such order or decree is not vacated or bonded against so as
         to prevent seizure upon the earlier to occur of (aa) fifteen (15) days
         prior to the sale of such interest pursuant to such order or decree, or
         (bb) sixty (60) days after entry of the order; or

                  (c)      Tenant breaches or fails to comply with any term,
         provision, condition, or covenant of this Lease, other than as
         described in clause 21.01 (a) above, and such breach or failure
         continues for fifteen (15) days after written notice from Landlord of
         such breach or failure to comply.

         21.02    Upon the occurrence of an Event of Default, Landlord shall
have the option to do and perform any one or more of the following in addition
to, and not in limitation of, any other remedy or right permitted it by law or
in equity or by this Lease:

                  (a)      Landlord, with or without terminating this Lease, may
         immediately or at any time thereafter reenter the Leased Premises and
         correct or repair any condition which shall constitute a failure on
         Tenant's part to keep, observe, perform, satisfy, or abide by any term,
         condition, covenant, agreement, or obligation of this Lease or of any
         notice given Tenant by Landlord pursuant to the terms of this Lease,
         and Tenant shall fully reimburse and compensate Landlord on demand for
         Landlord's actual costs so incurred.

                                       10
<PAGE>   11

                  (b)      Landlord, with or without terminating this Lease, may
         immediately or at any time thereafter demand in writing that Tenant
         vacate the Leased Premises and thereupon Tenant shall immediately
         vacate the Leased Premises and remove therefrom all property thereon
         belonging to or placed in the Leased Premises by, at the direction of,
         or with consent of Tenant, whereupon Landlord shall have the right to
         reenter and take possession of the Leased Premises. Any such demand,
         reentry and taking possession of the Leased Premises by Landlord shall
         not of itself constitute an acceptance by Landlord of a surrender of
         this Lease or of the Leased Premises by Tenant and shall not of itself
         constitute a termination of this Lease by Landlord.

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

                  (d)      Landlord, with or without terminating this Lease, may
         immediately or at any time thereafter relet the Leased Premises or any
         part thereof, without cost to Landlord, for such time or times, at such
         rental or rentals and upon such other terms and conditions as Landlord
         in its sole but reasonable judgment deems advisable, and Landlord may
         make any alterations or repairs to the Leased Premises which it may
         deem necessary or proper to facilitate such reletting; and Tenant shall
         pay all actual costs of such reletting including but not limited to the
         cost of any such alterations and repairs to the Leased Premises,
         attorneys' fees actually incurred, leasing inducements, and brokerage
         commissions; and if this Lease shall not have been terminated, Tenant
         shall continue to pay all rent due under this Lease up to and including
         the date of beginning of payment of rent by any subsequent tenant of
         part or all of the Leased Premises, and thereafter Tenant shall pay
         monthly during the remainder of the term of this Lease the difference,
         if any, between the rent and other charges collected from any such
         subsequent tenant or tenants and the rent and other charges reserved in
         this Lease, but Tenant shall not be entitled to receive any excess of
         any such rents collected over the rent reserved herein.

                  (e)      Landlord may immediately or at any time thereafter
         terminate this Lease, and this Lease shall be deemed to have been
         terminated upon receipt by Tenant of notice of such termination; upon
         such termination Landlord shall recover from Tenant all damages that
         Landlord may suffer by reason of such termination including, without
         limitation, all arrearages in rentals, costs, charges, additional
         rentals, and reimbursements, the cost (including court costs and
         attorneys' fees actually incurred) of recovering possession of the
         Leased Premises, the actual or estimated (as reasonably estimated by
         Landlord) cost of any alteration of or repair to the Leased Premises
         which is necessary or proper to prepare the same for reletting; in
         addition, Landlord may declare immediately due and payable the present
         value (using a discount rate of eight percent (8%) per annum) of all
         rent and other sums due or to become due under this Lease; provided,
         however that such payment shall not constitute a penalty or forfeiture,
         but shall constitute full liquidated damages due to Landlord as a
         result of Tenant's default. Landlord and Tenant acknowledge that
         Landlord's actual damages in the event of a default by Tenant under
         this Lease will be difficult to ascertain, and that the liquidated
         damages provided above represent the parties' best estimate of such
         damages. The parties expressly acknowledge that the foregoing
         liquidated damages are intended not as a penalty, but as full
         liquidated damages, as permitted by Paragraph 13-6-7 of the Official
         Code of Ga. Annotated. Upon making such payment, Tenant shall be
         entitled to receive from Landlord all rents actually received by
         Landlord from other assignees, tenants and subtenants on account of the
         Leased Premises

                                       11
<PAGE>   12

         during the term of this Lease, provided that the monies to which Tenant
         shall so become entitled shall in no event exceed the entire amount
         actually paid by Tenant to Landlord pursuant to this subparagraph (e),
         less all costs, expenses and attorneys' fees incurred by Landlord in
         connection with the re-letting of the Premises.

         21.03    If Landlord re-enters the Leased Premises or terminates this
Lease pursuant to any of the provisions of this Lease, Tenant hereby waives all
claims for damages which may be caused by such re-entry or termination by
Landlord's reasonable acts complying with the provisions of this Lease. No such
reentry or termination shall be considered or construed to be a forcible entry.

                                   ARTICLE 22

                                 ATTORNEY'S FEES

         22.01    If Landlord and Tenant litigate any provision of this Lease or
the subject matter of this Lease, the unsuccessful litigant will pay to the
successful litigant all costs and expenses, including reasonable attorneys' fees
and court costs, incurred by the successful litigant at trial and on any
appeal. If, without fault, either Landlord or Tenant is made a party to any
litigation instituted by or against the other, the other will indemnify the
faultless one against all loss, liability, and expense, including reasonable
attorneys' fees and court costs, incurred by it in connection with such
litigation. For the purpose of this Article 22 the term Landlord shall include
Landlord's Mortgagee as defined in Article 15 if and only if Landlord's
Mortgagee is the successful litigant.

                                   ARTICLE 23

                                  CONDEMNATION

         23.01    If, at any time during the term of this Lease, title to the
entire Leased Premises should become vested in a public or quasi-public
authority by virtue of the exercise of expropriation, appropriation,
condemnation or other power in the nature of eminent domain, or by voluntary
transfer from the owner of the Leased Premises under threat of such a taking,
then this Lease shall terminate as of the time of such vesting of title, after
which neither party shall be further obligated to the other except for
occurrences before such taking. The same results shall follow if less than the
entire Leased Premises be thus taken, or transferred in lieu of such a taking,
but to such extent that it would be legally and commercially impracticable for
Tenant to occupy the portion of the Leased Premises remaining, and impracticable
for Tenant to reasonably conduct its trade or business therein. In the event of
any such taking or transfer, whether of the entire Leased Premises or a portion
thereof, it is expressly agreed and understood that all sums awarded, allowed or
received in connection therewith shall belong to Landlord, and any such rights
otherwise vested in Tenant are hereby assigned to Landlord, and Tenant shall
have no interest in nor claim to any such sums or any portion thereof, whether
the same be for the taking of the property or for damages, or otherwise;
provided, however, that Tenant may separately claim and receive from the
condemning authority (but not from Landlord), if legally payable, compensation
for Tenant's removal and relocation costs and/or business interruption, provided
that such claim and recovery shall in no way diminish Landlord's recovery.

                                       12
<PAGE>   13

                                   ARTICLE 24

                                     NOTICES

         24.01    Any notice, approval, requests, demands, tenders, or other
communication which may be required or permitted to be given or delivered
hereunder shall be in writing and shall be deemed to have been given, delivered
and received (i) as of the date when the notice is actually personally
delivered, or (ii) if mailed, on the third business day after being deposited in
the United States Mail, certified, return receipt requested, to the address for
each party set forth below, as of the date which is the date of the post mark on
such notice, or (iii) if delivered by courier or express mail service, telegram
or mailgram, to the address for each party set forth below, where the carrier
provides or retains evidence of the date of delivery, as of the date of such
delivery, or (iv) one (1) day after being delivered to a nationally recognized
commercial courier for next day delivery, to the address for each party set
forth below. Any party, by written notice to the others in the manner herein
provided, may designate an address different from that set forth herein.

         (a)      To Tenant at:     __________________
                                    __________________
                                    __________________

         (b)      To Landlord at:   BLAZER RIDGE, INC.
                                    1400 Buford Hwy.
                                    Building A-1
                                    Sugar Hill, Georgia 30518
                                    Attn: Mr. Jeffrey M. Herman, President

                  With a copy to:   Thomas J. Andersen
                                    Andersen, Davidson & Tate, P.C.
                                    1505 Lakes Parkway, Suite 100
                                    Lawrenceville, Georgia 30243

         with a copy to such other place as Landlord may from time to time
         designate by notice to Tenant.

         (c)      To Mortgagee at:  [TO BE PROVIDED BY WRITTEN NOTICE LATER BY
                                    LANDLORD TO TENANT]

                                        ARTICLE 25

                                          WAIVER

         25.01    The waiver by Landlord of any breach of any term, covenant, or
condition herein contained shall not be deemed to be a waiver of such term,
covenant, or condition or any subsequent breach of the same or any other term,
covenant, or condition herein contained. The subsequent acceptance of rent
hereunder by Landlord shall not be deemed to be a waiver of any preceding breach
by Tenant of any term, covenant, or condition of this Lease, other than the
failure of Tenant to pay the particular rental so accepted, regardless of
Landlord's knowledge of such preceding breach at the time of acceptance of such
rent.

                                       13
<PAGE>   14

                                   ARTICLE 26

                             EFFECT OF HOLDING OVER

         26.01    If Tenant should remain in possession of the Leased Premises
after the expiration of the lease term without the written consent of Landlord
and without executing a new lease, then such holding over shall be construed as
a tenancy at sufferance from month to month, subject to all the conditions,
provisions, and obligations of this Lease insofar as the same are applicable to
a month to month tenancy, except that the rent payable pursuant to subparagraph
3.01 hereof shall be multiplied by 1.25. In such event, Landlord shall have the
right to terminate such tenancy-at-sufferance by giving Tenant five (5) business
days prior written notice of such termination.

                                   ARTICLE 27

                                  SUBORDINATION

         27.01    This Lease and all rights of Tenant hereunder are and shall be
subject and subordinate to each Mortgage which may now or hereafter affect
Landlord's fee simple title to the Leased Premises, or any interest therein, and
to any modifications, renewals, consolidations, extensions or replacements
thereof. The subordination provisions hereof shall be wholly self-operative.
Tenant agrees without further act or agreement being required hereunder, to
recognize and attorn to any party succeeding to the interest of Landlord as a
result of the enforcement of any Mortgage, and to be bound to such party under
all of the terms, covenants, and conditions of this Lease, for the balance of
the term of this Lease, including renewal terms, with the same force and effect
as if such party were the original Landlord under this Lease.

                                   ARTICLE 28

                              ESTOPPEL CERTIFICATE

         28.01    Upon ten (10) days notice from Landlord or Landlord's
Mortgagee, as the case maybe, to Tenant, Tenant shall deliver a certificate
dated as of the first day of the calendar month in which such notice is
received, executed by an appropriate officer, partner or individual, in the form
as Landlord or such mortgagee may reasonably require and stating the following:
(i) the commencement date of this Lease; (ii) the space occupied by Tenant
hereunder; (iii) the expiration date hereof; (iv) a description of any renewal
or expansion options; (v) the amount of rental currently and actually paid by
Tenant under this Lease; (vi) the nature of any default or claimed default
hereunder by Landlord; (vii) that Tenant is not in default hereunder nor has any
event occurred which with the passage of time or the giving of notice would
become a default by Tenant hereunder and (viii) such other statements as
Landlord or such mortgagee may reasonably require.

                                   ARTICLE 29

                              MORTGAGEE PROTECTION

         29.01    In the event of any default on the part of Landlord, Tenant
will give notice by registered or certified mail to any holder of a Mortgage
covering the Leased Premises whose address shall have been furnished to Tenant,
and shall offer such Mortgagee the opportunity to cure the default as provided
in the SNDA, including a reasonable time period to obtain possession of the
Leased Premises by power of sale or a judicial foreclosure, if such should prove
necessary to effect a cure.

                                       14
<PAGE>   15

                                   ARTICLE 30

                              BROKERAGE COMMISSIONS

         30.01    Landlord and Tenant acknowledge that Suwanee Realty
Residential, Inc. ("Landlord's Broker") has represented Landlord (but not
Tenant) in connection with this Lease. Landlord agrees to pay to Suwanee Realty
Residential, Inc. a commission (which commission has already been negotiated in
a separate agreement) that is equal to the first month's rent and four percent
(4%) of the scheduled rental payments under the original term of this Lease by
the Commencement Date.

         30.02    In the event the Lease is made in cooperation with another
Broker representing Tenant (but not Landlord), the Tenant's Broker shall receive
the amount equal to the first month's rent and the Landlord's Broker shall
receive the amount that equals four percent (4%) of the scheduled rental
payments under the original term of this Lease, payable by Landlord by the
Commencement Date.

         30.03    Landlord and Tenant each represent and warrant to the other
that it has not dealt with any broker, agent, commission salesman or other
persons (other than Landlord's Broker and Tenant's Broker) in the negotiations
for and procurement of this Lease and of the Leased Premises and that no
commissions, fees, or compensation of any kind are due and payable in connection
herewith to any broker, agent, commission salesman or other persons (other than
Landlord's Broker and Tenant's Broker) as a result of any such dealings.
Landlord and Tenant each hereby agree to indemnify the other and hold the other
harmless from and against any and all claims, suits or judgments (including
without limitation, reasonable attorneys' fees and court costs incurred in
connection with any such claims or suits of any kind which arise out of or are
in any way connected with any claimed dealings or relationship with the
indemnifying party.

         30.04    Tenant's Broker represents and warrants to Landlord,
Landlord's Broker and Tenant that Tenant's Broker has not dealt with any broker,
agent, commission salesman or other person in the negotiations for and
procurement of this Lease and of the Leased Premises, and that no commissions,
fees or other compensation of any kind are due and payable in connection
herewith to any broker, agent, commission salesman or other person as a result
of any such dealings. Tenant's Broker agrees to indemnify and hold Landlord,
Landlord's Broker and Tenant harmless from and against any and all reasonable
attorneys' fees and court costs incurred in connection with any such claims,
suits, or judgments or in the enforcement of this indemnity for any fees,
commissions or compensation of any kind which arise out of or are in any way
connected with any claimed dealings or relationship with Tenant's Broker.

         30.05    Tenant's Broker has executed this Lease solely for the purpose
of agreeing to the provisions of this Article 30 and for no other purpose.

         30.06    The provisions of this Article 30 shall survive the expiration
or termination of this Lease for any reason.

                                       15
<PAGE>   16
                                   ARTICLE 31

                                EXCUSABLE DELAYS

         31.01    Definition. The term "Excusable Delay" shall mean any delay
due to war, natural catastrophe, strikes, lockouts or other labor or industrial
disturbance, future order of any government, court or regulatory body claiming
jurisdiction, blockage, embargo, failure or inability to secure materials,
supplies or labor through ordinary sources by reason of shortages or priority
or similar regulation or order of any government or other regulatory body,
storm, flood, washout, adverse weather conditions, delays in construction of
road and utilities, inability to obtain or delay in obtaining permits for
reasons beyond the control of the party seeking such permits, or any other
cause whatsoever beyond the reasonable control of the party from whom
performance is required, whether or not similar to any of the causes stated
above; provided, however, that a party's lack of funds or a party's failure,
refusal or neglect to pay any amount due hereunder shall not be deemed to be a
cause beyond the control of such party, nor shall any Excusable Delay abate
Tenant's obligations to pay base rent or additional rent hereunder, and an
Excusable Delay shall be deemed to exist only so long as the party relying on
such delay to excuse its performance exercises due diligence to remove or
overcome it (except that it is expressly agreed that nothing contained in this
definition of Excusable Delay or elsewhere in this Lease shall obligate either
party to settle a strike or labor dispute when it does not wish to do so).

         31.02    Performance Excused. Landlord and Tenant shall each be
excused for the period of any Excusable Delay from, and shall not be deemed in
default with respect to, the performance of any of the terms, covenants and
conditions of this Lease to be performed by such party, other than the payment
of base rent and additional rent by Tenant except as is otherwise expressly
provided for herein, when prevented from doing so by Excusable Delays;
provided, however, that nothing contained in this paragraph shall excuse a
party's performance or prohibit the other party from exercising any remedy in
any circumstance in which any other provision of this Lease expressly provides
that such party is not excused or that such remedy may be exercised
notwithstanding or without regard to the existence of all or certain Excusable
Delays.

                                   ARTICLE 32

                   COMPLIANCE WITH DECLARATION OF CONDOMINIUM

         32.01    In addition to and without in any way limiting any of the
other provisions of this Lease, Tenant shall comply with the provisions of the
Declaration as such Declaration pertains to the Leased Premises, except that
Landlord shall be responsible for payment of any annual and special assessments
imposed under the Declaration.

                                   ARTICLE 33

                            MISCELLANEOUS PROVISIONS

         A.       Whenever the singular number is used in this Lease and
when required by the context, the same shall include the plural, and the
masculine gender shall include the feminine and neuter genders, and the word
"person" shall include corporation, limited liability company, partnership,
firm or association. If there be more than one tenant, the obligations imposed
upon Tenant under this Lease shall be joint and several.

                                      16
<PAGE>   17

         B.       The headings or titles to paragraphs of this Lease are not
a part of this Lease and shall have no effect upon the construction or
interpretation of any part of this Lease.

         C.       This instrument contains all of the agreements and
conditions made between the parties to this Lease and may not be modified
orally or in any other manner than by agreement in writing signed by all
parties to this Lease.

         D.       Time is of the essence of each term and provision of this
Lease.

         E.       Except as otherwise expressly stated, each payment
required to be made by Tenant shall be in addition to and not in substitution
for other payments to be made by Tenant.

         F.       Subject to Article 19, the terms and provisions of this
Lease shall be binding upon and inure to the benefit of the heirs, executors,
administrators, successors, and assigns of Landlord and Tenant.

         G.       Except as otherwise expressly provided herein, all
covenants and agreements to be performed by Tenant under any of the terms of
this Lease shall be performed by Tenant at Tenant's sole cost and expense and
without any abatement of rent.

         H.       Where the consent, approval or acceptance of a party is
required, the party agrees that such consent, approval or acceptance shall not
be unreasonably withheld or unreasonably delayed; except that Landlord may
withhold any consent or approval pursuant to Paragraphs 5.01, 9.01 and 19.01
in its sole and absolute discretion.

         I.       This Lease shall create the relationship of Landlord and
Tenant between Landlord and Tenant; no estate shall pass out of Landlord;
Tenant has only a usufruct, not subject to levy and/or sale and not assignable
by Tenant except as provided in Paragraph 19.01 hereof.

         J.       Tenant acknowledges and agrees that Landlord shall not
provide guards or other security protection for the Leased Premises and that
any and all security protection shall be the sole responsibility of Tenant.

         K.       This Lease shall be governed by Georgia law.

         L.       Tenant shall not permit cars, trucks and other vehicles to
be parked in the Outside Common Areas except in the ordinary course of
business, e.g. no storage of inoperable vehicles shall be permitted. Tenants
shall abide by these rules and regulations attached as Exhibit "E" hereto and
made a part hereof. Tenant shall abide by such rules and regulations as
Landlord may establish, change, alter or amend in Landlord's sole discretion
provided such rules and regulations are reasonable, non-discriminatory and
apply uniformly to the Park.

         M.       Landlord's liability for performance of its obligations,
including but not limited to any indemnification under the terms of this Lease
shall be limited to its interest in the Leased Premises, and neither Landlord,
nor any officer, director, shareholder, member or partner of Landlord, shall
have any personal liability whatsoever with respect to this Lease. In the event
of any sale, conveyance, transfer or assignment by Landlord of its interest in
and to the Premises, and provided that Landlord's successor-in-title (or any
subsequent successor-in-title) in and to the Premises has assumed the
obligations of Landlord under this Lease, all obligations under this Lease of
the party selling, conveying, transferring, assigning or otherwise disposing
shall cease and terminate and, provided such assumption has occurred, Tenant
releases said party from same and Tenant shall thereafter look only

                                      17
<PAGE>   18
and solely to the party to whom or which the Premises were sold, conveyed,
transferred, assigned or otherwise disposed of for performance of all Landlord's
duties and obligation under this lease.

                  N.  All parties acknowledge that Landlord is part owner of
Suwanee Realty Residential, Inc.

         IN WITNESS WHEREOF, the parties hereto who are individuals have set
their hands and seals, and the parties who are corporations, limited liability
companies or other entities have caused this instrument to be duly executed by
its proper offices and its corporate or other entity seal to be affixed, as of
the day and year first above written.

                                      LANDLORD:

                                      BLAZER RIDGE, INC., a Georgia corporation

                                      By:
                                          -------------------------------------

                                                         , its President
                                      ------------------      -----------------

                                      LANDLORD'S BROKER:

                                      SUWANEE REALTY RESIDENTIAL, INC.

                                          -------------------------------------
                                          Broker or Broker's Affiliated Licensee

As to Landlord, signed, sealed
And delivered in the presence of:

-------------------------------------
    Witness

                                      TENANT:

                                      SOUTHERNBANK, N.A. (under organization)

                                      By:
                                          --------------------------------------

                                      Title: President
                                             -----------------------------------

As to Landlord, signed, sealed
And delivered in the presence of:

    ---------------------------------
    Unofficial Witness

                                                    [CORPORATE SEAL]

                                       18

<PAGE>   19
                          AMENDMENTS TO LEASE AGREEMENT

                                  AMENDMENT #1

                             LEASE PAYMENT SCHEDULE

         (a)      Upon the signing of this Lease, Tenant will pay to
Landlord a Security Deposit an amount equal to one month of the "Base Lease" of
the first lease year. This Security Deposit will be returned to Tenant within
thirty days of the expiration and/or termination date of this Lease provided
Tenant is not then and has not been in default hereunder and Tenant has paid
all rent on or before the due date throughout the term of this Lease and the
Leased Premises have been left in satisfactory condition normal wear and use
excluded and all keys returned to Landlord.

         (b)      Tenant will pay to Landlord the first month of the "Base
Lease" of the first year an amount that equals TWO THOUSAND FIVE HUNDRED
EIGHTY-NINE AND 79/100 U.S. DOLLARS ($2,589.79) on May 1, 2000.

         (c)      Tenant will pay to Landlord the remaining balance of the
"Base Lease" of the first year an amount that equals TWENTY EIGHT THOUSAND FOUR
HUNDRED EIGHTY-SEVEN AND 71/100 U.S. DOLLARS ($28,487.71) on June 1, 2000.

         (d)      Tenant will pay to Landlord the remaining term and
exercised options of this Lease on a monthly basis in accordance to Paragraph
2.02 and Article 3.

         (e)      Tenant agrees to reimburse Landlord for any and all costs
agreed to by both Tenant and Landlord for upgrades and/or extras in materials,
labor and construction costs beyond the standard build-out provided by
Landlord. Landlord will provide an itemized list and costs to Tenant for
reimbursement. Tenant will pay this reimbursement to Landlord upon completion
of build-out and before occupancy.

                                 AMENDMENT #2

                     FEDERAL DEPOSIT INSURANCE CORPORATION
                              REQUIRED AMENDMENT

         (a)      Notwithstanding any other provisions contained in this
lease, in the event (a) Lessee (Tenant) or its successors or assignees shall
become insolvent or bankrupt, or if it or their interests under the Lease shall
be levied upon or sold under execution or other legal process, or (b) the
depository institution then operating on the Premises is closed, or is taken
over by any depository institution supervisory authority ("Authority"), Lessor
(Landlord) may, in either such event terminate this Lease only with the
concurrence of any Receiver or Liquidator appointed by such Authority;
provided, that in the event this Lease is terminated by the Receiver or
Liquidator, the maximum claim of Lessor (Landlord) for rent, damages, or
indemnity for injury resulting from the termination, rejection, or abandonment
of the unexpired Lease shall by law in no event be in an amount equal to all
accrued and unpaid rent to the date of termination.

TENANT:                                             LANDLORD:

SOUTHERNBANK, N.A. (under organization)             BLAZER RIDGE, INC

By:                                                 By:
   ------------------------------------                ------------------------

<PAGE>   20

                                   EXHIBIT A

                          [LEGAL DESCRIPTION OF LAND]

                                       20
<PAGE>   21

                                   EXHIBIT B

                      [PROJECT PLANS AND SPECIFICATIONS]

                                       21
<PAGE>   22

                                  EXHIBIT "C"

                             RULES AND REGULATIONS

         1.       The sidewalks, entries, passages, corridors, stairways and
elevators, if any, shall not be obstructed by Tenants, their employees or
agents, or used by them for purposes other than ingress and egress to and from
their respective suites other than, in Tenant's initial move in.

         2.       The Tenant shall not (without Landlord's written consent)
install or operate any fans, electric heaters, or stoves upon the Leased
Premises (except that standard microwave ovens are permitted), or carry on any
mechanical business thereon, or do any cooking thereon, or use or allow to be
used upon the Leased Premises, oil, burning fluids, kerosene, gasoline or
kerosene for heating, warming or light. No article deemed hazardous on account
of fire and no explosives shall be brought into the Leased Premises. No
offensive gases or liquids will be permitted within the Leased Premises.

         3.       No sign, advertisement or notice shall be inscribed,
painted or affixed on any part of the inside or outside of the Leased Premises
unless of such color, size and style and in such places as shall first be
designated by Landlord; there shall be no obligation or duty on Landlord to
allow any sign, advertisement or notice to be inscribed, painted or affixed on
any part of the inside or outside of the Leased Premises. Tenant suite
identification on or adjacent to entry doors will conform to standards
established by Landlord and must be installed by Landlord at Tenants expense.
Landlord shall have the right to remove all other signs, without notice to
Tenant at the expense of Tenant. No awnings or other projections shall be
attached to the outside walls of the Leased Premises.

         4.       No person shall disturb the occupants of the Park by the use
of any musical instruments, radios, televisions, phonographs, tape players,
etc., the making of unreasonable noises, odors, vibrations or any other
unreasonable use of the Leased Premises. No dogs or other animals or pets of
any kind will be allowed in the Leased Premises, except for those animals used
to assist persons with disabilities. Landlord shall be notified in advance, and
in writing, if any such animals will be used on a regular basis.

         5.       No portion of the Leased Premises shall be occupied or used
as sleeping or lodging quarters at any time.

         6.       Tenant shall not employ any person other than janitors who
are expressly approved in writing by Landlord (who will be provided with
pass-keys into the Leased Premises) for the purpose of cleaning or taking
charge of the Leased Premises.

         7.       Landlord reserves the right to exclude or expel from the
Leased Premises any person who, in the judgment of Landlord, is intoxicated or
under the influence of liquor or drugs, or who shall in any manner do any act
in violation of any of the rules and regulations of the Leased Premises.

                                       22

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