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").
WHEREAS, the term of the Lease has commenced, pursuant to the Lease Summary; and
(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 |
12/1/2018 -11/30/2019 |
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$12.600.00 |
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$151,200.00 |
12/1/2019 -11/30/2020 |
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$12,852.00 |
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$154,224.00 |
12/1/2020 - 11/30/2021 |
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$13,109.04 |
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$157,308.48 |
12/1/2021 -11/30/2022 |
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$13,371.22 |
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$160,454.65 |
12/1/2022 -11/30/2023 |
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$13,638.65 |
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$163,663.74 |
12/1/2023 -11/30/2024 |
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$13,911.42 |
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$166,937.02 |
12/1/2024 -11/30/2025 |
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$14,189.65 |
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$170,275.76 |
12/1/2025 -11/30/2026 |
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$14,473.44 |
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$173,681.27 |
12/1/2026 -11/30/2027 |
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$14,762.91 |
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$177,154.90 |
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.
TENANT: |
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LANDLORD: |
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 |