COMMERCIAL DEED OF LEASE
This Lease (the “Lease”) is entered into by and between Corinth Investments, LLC with an address of 7392 Ironwood
Lane; Warrenton, Virginia 20186 (“Landlord”), and First Trust National Mortgage with an address of 11710 Plaza America Drive,
Suite 2000 Reston, Va. 20190 (“Tenant”).
In consideration of the mutual covenants, contained herein and other valuable consideration received, and with the intent
to be legally bound, Landlord and Tenant agree as follows:
1. PREMISES . Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, the premises located at 11
Main Street; Warrenton, Virginia Suite D (the “Premises”) in the property with land and improvements known as the former
Stable Door (the “Building”). The leased Premises shall be all of the property and improvements as shown on the attached copy
of a floor plan (Exhibit A) and containing approximately one thousand eight hundred sixty seven (1867) gross leaseable square
feet. This Lease is subject to the completion of the improvements described in Paragraph 38.
2. INITIAL TERM . The term of this Lease will be for five (5) years commencing on the date the Landlord/Tenant receives
O.P. (occupancy permit) from the Town of Warrenton but no later than June 1, 2004 (“Commencement Date”) and ending at
midnight sixty (60) months from the Commencement Date unless sooner terminated according to the provisions hereof.
3. RENT . Tenant agrees to pay to Landlord, without any deduction or set off, a total rent of One Hundred Fifty Eight
Thousand Five Hundred Ninety Eight Dollars and 24/100 ($158,598.24) payable as follows:
All monthly rental amounts shall be paid in advance, on the first day of each month during the term of this Lease. Rent shall be
paid to Landlord or at such other address as Landlord may specify in writing to Tenant. Time is of the essence in this Lease.
3A. RENTAL EXTENSION : Tenant will have the option to extend this lease for an additional