COMMENCEMENT DATE AGREEMENT
Exhibit 10.4
An Agreement made this 3rd day of December, 2018, by and between XX XxXxxx, LLC (hereinafter called "Landlord"), and Franklin Synergy Bank (hereinafter called "Tenant").
WITNESSETH:
WHEREAS, on July 25, 2017 Landlord and Tenant entered into a Lease ("Lease") relating to certain Premises located at Xxxxxxxxx Crossing East Shopping Center and
WHEREAS, the term of the Lease has commenced, pursuant to the Lease Summary; and
WHEREAS, the parties desire to confirm the dates of commencement, rent schedule and expiration of the term;
NOW, THEREFORE, in consideration of the mutual covenants herein contained, Landlord and Tenant agree as follows:
(1) The term of the Lease shall commence on December 1, 2018.
(2) Tenant’s rental obligations under the Lease shall commence on December 1, 2018.
Rent Schedule shall be as follows:
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Minimum Monthly |
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Minimum Annually |
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12/1/2018 -11/30/2019 |
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$12.600.00 |
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$151,200.00 |
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12/1/2019 -11/30/2020 |
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$12,852.00 |
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$154,224.00 |
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12/1/2020 - 11/30/2021 |
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$13,109.04 |
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$157,308.48 |
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12/1/2021 -11/30/2022 |
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$13,371.22 |
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$160,454.65 |
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12/1/2022 -11/30/2023 |
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$13,638.65 |
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$163,663.74 |
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12/1/2023 -11/30/2024 |
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$13,911.42 |
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$166,937.02 |
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12/1/2024 -11/30/2025 |
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$14,189.65 |
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$170,275.76 |
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12/1/2025 -11/30/2026 |
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$14,473.44 |
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$173,681.27 |
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12/1/2026 -11/30/2027 |
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$14,762.91 |
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$177,154.90 |
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12/1/2027 -11/30/2028 |
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$15,058.17 |
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$180,698.00 |
(3) The initial term of the Lease shall expire on November 30, 2028.
(4) The Lease is in full force and effect and is hereby ratified and confirmed.
IN WITNESS WHEREOF, Landlord and Tenant have caused this Agreement to be duly executed on the date first written above.
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TENANT: |
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LANDLORD: |
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FRANKLIN SYNERGY BANK |
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XX XXXXXX, LLC |
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By: /s/ Xxxxx Xxxxxxxxx |
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By: /s/ Xxxx X. Xxxxxx, Manager |
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Title: EVP / CFO |
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Date: 12/3/2018 |
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Date: 12/3/2018 |
