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EXHIBIT 10.10
STATE OF SOUTH CAROLINA ) SECOND
) AMENDMENT TO LEASE
COUNTY OF AIKEN ) AGREEMENT
WHEREAS, the parties hereto entered into a Lease Agreement, dated
February 28, 1997 and wish to amend the Lease Agreement;
1. PARTIES. This Amended Lease Agreement is made by and between
People's Community Capital Corporation, a South Carolina Corporation, herein
referred to as "Lessee", and Xxxxxxxx X. Xxxxxx-Xxxxxx, formerly known as
Xxxxxxxx X. Xxxxxx, herein referred to as "Lessor" to amend Paragraph 3 of the
original Lease Agreement to read as follows:
3. LEASE TERM. The initial term of this lease shall be six months
commencing on March 1, 1997, and ending on August 31, 1997, unless sooner
terminated as hereafter provided. Lessor hereby grants Lessee an option to renew
this lease for as many as six (6) additional terms of six months each and Lessee
shall notify Lessor of its intention to renew, in writing, within thirty (30)
days of the expiration of the initial term or any renewal term of the lease.
During the initial term or any renewal term of this lease, Lessee covenants and
agrees to pay Lessor a fixed rent, payable in equal monthly installments of
$2,000.00 each in advance on the first day of each month at Xxxxxxxx X.
Xxxxxx-Xxxxxx, Xxxx Xxxxxx Xxx 0000, Xxxxx, Xxxxx Xxxxxxxx, 00000, or at such
other place as the Lessor shall designate from time to time in writing as rent
for the leased premises, without any setoff of deduction whatsoever. If a
monthly installment is not paid by the tenth (10th) day of the month, Lessee
will pay also a monthly penalty of five (5%) percent of the installment due.
IN WITNESS WHEREOF, the Lessee has signed and sealed this instrument
August 4, 1998 and the Lessor has signed and sealed this instrument August 4,
1998.
LESSEE
PEOPLE'S COMMUNITY CAPITAL CORPORATION
/s/ Xxxxx Xxxxx
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Witness BY: /s/ Xxxx X. Xxxxxx
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It's President
/s/ P. M. Xxxx, Jr.
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Witness BY: /s/ Xxxx X. Xxxxxx
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It's Secretary
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LESSOR
/s/ Xxxxx Xxxxx By: /s/ Xxxxxxxx X. Xxxxxx-Xxxxxx
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Witness Xxxxxxxx X. Xxxxxx-Xxxxxx
/s/ P. M. Xxxx, Jr.
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Witness
STATE OF SOUTH CAROLINA )
) Probate
COUNTY OF AIKEN )
Personally appeared before me the undersigned witness and made oath
that she saw the within named LESSEE sign, seal, and as his act and deed,
deliver the within Second Amendment to Lease Agreement and that she, with the
other witness whose signature appears above witnessed the execution thereof.
SWORN TO BEFORE ME THIS
4th day of August, 1998
/s/ P. M. Xxxx, Jr. /s/ Xxxxx Xxxxx
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Notary Public for South Carolina
My Commission expires: 03/25/2002
STATE OF SOUTH CAROLINA )
) Probate
COUNTY OF AIKEN )
Personally appeared before me the undersigned witness and made oath
that she saw the within named LESSEE sign, seal, and as his act and deed,
deliver the within Second Amendment to Lease Agreement and that she, with the
other witness whose signature appears above witnessed the execution thereof.
SWORN TO BEFORE ME THIS
4th day of August, 1998
/s/ P. M. Xxxx, Jr. /s/ Xxxxx Xxxxx
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Notary Public for South Carolina
My Commission expires: 03/25/2002
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