This lease is made and entered into the 14th day of January 2004 by and between Southern Connecticut
Bancorp, Inc., hereafter called the LESSEE, whose address is 215 Church Street, New Haven, Connecticut
06510, and the City of New London, hereafter called the LESSOR whose address is 181 State Street New
London CT 06320.
WITNESSETH: The parties hereto for the consideration hereinafter mentioned covenant and agree as follows:
1. The LESSOR hereby leases unto the LESSEE approximately 4,341 square feet
(s.f.) of space on the 1st floor of the former Coastal Savings Bank main office building on 15 Masonic Street in
New London, herein after referred to as the "premises" for the entire lease term and any extension thereof,
together with all appurtenances thereto including. parking lot for six (6) spaces and drive-up and entrance lanes
included in the parcel labeled proposed Lot I as shown on Exhibit A. Plan of Land on Masonic Street and
Eugene O'Neill Drive prepared for the RTC by Guerriere and Halnon, Inc. dated 1/27/95 together with the use
of the right of way from Eugene ONeill Drive through proposed Lot 2 as shown on Exhibit
A. LESSOR further agrees that said lease shall include the bathrooms and employee lounge located in the
basement and all improvements and fixtures of the LESSOR now located or to be located in said building and all
rights to means of ingress into and egress out of the building. The parties agree that the premises shall be for the
non-exclusive use of tile LESSEE as the parties recognize that access to the second and third floors, and to the
vault in the basement, all pass' through the leased premises.
2. The LESSEE is to have and to hold the Premises for the term of five (5) years from the commencement date
of January 1, 2004 and ending December 31, 2008.
3. LESSEE shall have right to install signs on exterior of building so long as such signs conform to sign criteria
established by City of New London. Additionally, LESSOR will arrange for a direc