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Exhibit 10.8
[BUNDSCHU KRAFT LETTERHEAD]
August 18, 1997
Xx. Xxxxxxx Xxxxxxx, President
South Florida Bank
0000 XxXxxxxx Xxxx.
Fort Xxxxx, FL 33901
Re: Xxxxxxx & Metro Parkway Lease Extension
Dear Xxxx:
As we discussed, your lease for the branch bank located at Xxxxxxx and Metro
Parkways in South Xxx County expired on June 30, 1997. This letter will serve
as a "Lease Addendum", which must be executed by the Bank and the Landlord to
keep this lease in effect.
Since the bank has decided to consider other properties for its branch, the
partnership asks the bank to pay a fair rental for the existing branch site and
the costs of the improvements the partnership developed specifically for the
bank, which costs exceeded $400,000.00.
This Addendum shall contain the following terms and conditions:
1. LEASE TERM:
The term of the Lease shall be renewed for the period September 1, 1997
through August 31, 1999, however, Lessee or Lessor may, following four
(4) month's advance written notice given by one party to the other
party, terminate this Lease.
2. RENTAL:
The Rental payment for the Leased Premises is Three Thousand Five
Hundred Dollars ($3,500.00) per month, plus applicable Florida State
rental taxes, payable as provided in the existing Lease.
3. OTHER TERMS:
Except as hereinabove expressly amended, revised or modified, all other
terms, covenants and conditions of the existing lease, dated July 31,
1992, and subsequent Addendums and/or Extensions shall remain in full
force and effect.
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Xx. Xxxxxxx Xxxxxxx
August 18, 1997
Page 2.
If these terms and conditions are satisfactory, please signify your acceptance
of same by signing and dating both counterpart originals of this letter where
indicated below and then returning one executed original of this letter to me.
Upon your acceptance, this executed letter will become an Addendum to the
subject lease.
Should you have any questions, please do not hesitate to contact me.
Sincerely,
BUNDSCHU KRAFT
/s/ Xxxxx Xxxxxxxx
Xxxxx Xxxxxxxx
As Agent for Xxxxxxx & Metro Group, Lessor
Enclosure
ACCEPTANCE
THE ABOVE terms and conditions are agreed upon and accepted this 27 day of
October, 1997.
SOUTH FLORIDA BANK
By: /s/ Xxxxxxx Xxxxxxx
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Xxxxxxx Xxxxxxx
Title: President
Date: 10-27-97
