Exhibit 10.8
FIRST AMENDMENT TO LEASE AGREEMENT
THIS FIRST AMENDMENT TO LEASE AGREEMENT ("First Amendment") is made as
of this 30th day of April, 1998 by and between REGENT PACES FERRY OFFICE I, INC.
("Landlord") and SOUTHEAST COMMERCE HOLDING COMPANY ("Tenant")
W I T N E S S E T H:
WHEREAS, Landlord and Tenant entered into that certain Lease Agreement
dated October 14, 1997 (the "Lease") concerning certain Premises described
therein; and
WHEREAS, Landlord and Tenant desire to amend the Lease as more
particularly hereinafter set forth.
NOW THEREFORE, in consideration of the above recitals, the mutual
promises set forth herein and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties agree as follows:
1. Commencement Date. Landlord and Tenant hereby agree that the
Commencement Date under the Lease shall be July 1, 1998 and any provisions to
the Lease providing for a Commencement Date other than July 1, 1998 are hereby
modified to comply with same.
2. Base Rent. Section 15 of the Summary of Basic Lease Terms of the
Lease is hereby deleted in its entirety and the following is substituted in lieu
thereof:
"15. Base Rent:
[Section 4.1]
Portion of Lease Annual Base Annual Base Monthly
Term Rent/RSF Rent Base Rent
---- --------- ----------- -----------
7/1/98-6/30/03 $23.00 $125,028.00 $10,419.00
7/1/03-6/30/08 $25.00 $135,900.00 $11,325.00"
3. Ratification. Except as hereinabove modified, the Lease remains in
full force and effect and is hereby ratified and confirmed in all respects.
4. Capitalized Terms. The capitalized terms used herein shall have the
meaning attributed to them in the Lease unless otherwise defined herein.
IN WITNESS WHEREOF, the duly authorized representatives of Landlord and
Tenant have executed this First Amendment as of the date first above written.
REGENT PACES FERRY OFFICE I, INC., a
Georgia corporation
By: /s/ Xxxxx X. Xxxxxx
-------------------------------------
Name: Xxxxx X. Xxxxxx
Title: President
Attest: /s/ Xxxxx X. Xxxxxxx
---------------------------------
Name: Xxxxx X. Xxxxxxx
Title: Secretary
(Corporate Seal)
SOUTHEAST COMMERCE HOLDING
COMPANY, a Georgia corporation
By: /s/ Xxxx Xxxxxxxxxxx
------------------------------------
Name: Xxxx Xxxxxxxxxxx
Title: Chairman/CEO
Attest: /s/ Xxxxx X. Xxxxxxxx, III
---------------------------------
Name: Xxxxx X. Xxxxxxxx, III
Title: President
(Corporate Seal)
