REAL ESTATE LEASE
This Lease Agreement (this "Lease") is made effective as of June 1, 1999, by and between CHARLES B.
MILES & S. REID HUTCHINGS ("Landlord"), and THE BANK OF GEORGIA, c/o PAT SHEPFRD
("Tenant"). The parties agree as follows:
PREMISES. Landlord, in consideration of the lease payments provided in this Lease, leases to Tenant those
certain promises located at 2008 Highway 54 West, Fayette County, Fayetteville, Georgia, 30214.
LEGAL DESCRIPTION. See survey of the Property on Exhibit "B" attached.
TERM. The lease term will begin on July 1, 1999 and will terminate on December 31, 2001. RENEWAL
TERMS. This Lease shall automatically renew for additional periods as specified in Exhibit "A", unless the
TENANT gives written notice of the termination no later than 90 days prior to the end of the term or renewal
term. The lease terms during any such renewal term shall be the same as those contained in this Lease except that
the lease payments shall be equal to the payment schedule as stated in Exhibit "A".
HOLDOVER. If Tenant maintains possession of the Premises for any period after the termination of this Lease
("Holdover Period"), Tenant shall pay to Landlord a lease payment for the Holdover Period based on the terms
of the following Lease Payments paragraph. Such holdover shall constitute a month to month extension of this
LEASE PAYMENTS. Tenant shall pay to Landlord monthly payments of $1750.00 per month, beginning July,
1999 through December 1999, and $1900.00 beginning January 2000, per month for the remainder of the lease
term, payable in advance on the first day of each month. Lease payments shall be made to the Reid Hutchings at,
2006 Hwy. 54 West, Fayetteville, Georgia 30214, as may be changed from time to time by Landlord.
LATE PAYMENTS. Tenant shall pay a late fee equal to $25.00 for each payment that is not paid within 10 days
after the due date for such late payment.
NON-SUFFICIENT FUNDS. Tenant shall be charged $25.00 for each check that is returned to Landlo