AMENDMENT TO REPUBLIC BANK BUILDING LEASE
This Amendment dated October 30, 1999, is made to the Republic Bank Building
Lease dated August 1, 1999 between Jaytee Properties, a Kentucky general
partnership, hereinafter referred to as "Landlord" and Republic Bank & Trust
Company, hereinafter referred to as the "Tenant". As parties hereto, Landlord
and Tenant hereby agree to modify and amend their original Lease Agreement as
hereafter set forth.
Article II, TERM, is hereby amended to include the following:
Tenant shall have two options to renew the Lease for an additional five-year
period each. The first option shall be for the sum of Thirteen thousand four
hundred ninety-four and 00/100 ($13,494.00) per month plus a rent adjustment
proportionate to the increase in the Consumer Price Index for all urban
consumers during the initial five-year term of the Lease. If Tenant subsequently
elects to exercise the second option, the rent shall be equal to the amount paid
during the first option period plus a rent adjustment proportionate to the
increase in the Consumer Price Index for all urban consumers during the second
five year term (first term of the option). Tenant shall notify Landlord of
Tenant's intent to exercise any option herein provided within 90 days of the
expiration of the immediately preceding five-year term.
The terms and provisions of the lease shall continue in full force and effect
except as modified and amended herein.
ATTEST: JAYTEE PROPERTIES
BY:/s/ M.A. Ringswald BY:/s/ Xxxxx Xxxxxx
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REPUBLIC BANK & TRUST COMPANY
BY:/s/ Xxxx Xxxxxx
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