FIRST AMENDMENT TO COMMERCIAL LEASE
Exhibit 10.10
FIRST AMENDMENT TO COMMERCIAL LEASE
WHEREAS, the parties listed herein known respectively as CHEROKEE EQUITIES CORPORATION as Landlord and BANCCOMPLIANCE GROUP, LLC, a Tennessee Limited Liability Company, and Xxxxxxxxx and Xxxxx Xxxxxxx, personally, as Tenant, entered into a certain Lease agreement dated October 17, 2005, for commercial real estate property (“the Premises”) located at Suite A-102 in Premier Professional Office Park, located at 000 Xxxxxxxx Xxxx, Xxxxxxxx, Xxxxxxxxx 00000, and
WHEREAS, the parties desire to renew said Lease, by virtue of this Amendment Number One; and have mutually agreed to the following terms:
1. Term: The Term of this Renewal Period shall be one (1) year and six (6) months commencing on the first day of November, 2008, and ending on the thirtieth day of April, 2010.
2. Rental: The monthly rental for the renewal period shall be Twenty-two Hundred, Fifty Two dollars and Fifty cents ($2252.50) payable without demand or further notice on the first day of each month.
3. Early Termination: There shall be no right of Early Termination.
4. BancCompliance Group, Incorporated, is a wholly owned subsidiary of Franklin Financial Network, Inc. Letter of Acknowledgement is hereby attached.
All other terms, provisions and covenants of the original lease shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment in duplicate on the date as noted below.
Landlord: Cherokee Equities Corporation | Tenant: BancCompliance Group Inc. Xxxxxx Xxxxxxx, President | |||||||
By: | By: | |||||||
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Date: |
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Date: | October 24, 2008 | |||||
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Witness: |
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