SEC Contract Filing

Filing Date: 2017-08-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.13
<SEQUENCE>2
<FILENAME>ex10-13.htm
<DESCRIPTION>NORTH CHARLESTON LEASE AGREEMENT
<TEXT>
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<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><A HREF="bksc-10q_063017.htm">Bank of South Carolina Corporation 10-Q</A></P>

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Exhibit 10.13</B></FONT></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>THIS
AGREEMENT IS SUBJECT TO ARBITRATION PURSUANT TO</U></B><BR>
<B><U>THE SOUTH CAROLINA UNIFORM ARBITRATION ACT, TITLE 15,</U></B><BR>
<B><U>CHAPTER 48, CODE OF LAWS OF SOUTH CAROLINA 1976,</U></B><BR>
<B><U>AS AMENDED</U></B></FONT></P>

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 <TD STYLE="width: 30%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">STATE
 OF SOUTH CAROLINA</FONT></TD>
 <TD STYLE="width: 10%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
 <TD STYLE="width: 60%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
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 <TD STYLE="vertical-align: top; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
 <TD STYLE="vertical-align: top; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
 <TD ROWSPAN="2" STYLE="text-indent: 0in; line-height: 12pt; background-color: white; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LEASE
 AGREEMENT</FONT></TD></TR>
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 <TD STYLE="text-indent: 0in; line-height: 12pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">COUNTY
 OF CHARLESTON</FONT></TD>
 <TD STYLE="text-indent: 0in; line-height: 12pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THIS
LEASE AGREEMENT (hereinafter called &ldquo;Lease&rdquo;), made and entered into this 31<SUP>st</SUP> day of July, 2017 (hereinafter
called &ldquo;Effective Date&rdquo;), by and between SUNSET SOUTHSTAR, LLC (hereinafter called &ldquo;Landlord&rdquo;) and THE
BANK OF SOUTH CAROLINA (hereinafter called &ldquo;Tenant&rdquo;):</FONT></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
Tenant and Landlord&rsquo;s predecessor in title, Weber USA Corporation, as agent for and sole member of Highway 78 Frontage Tracts,
LLC, entered into that certain Lease Agreement dated January 28, 2014 regarding a portion of the Premises (hereinafter, the &ldquo;Original
Lease&rdquo;).</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
the parties wish to amend and restate the Original Lease in its entirety and enter into this new Lease setting forth the terms
and conditions governing the Premises.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NOW,
THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree that the Original Lease is no longer of
any force and effect:</FONT></P>

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