EXHIBIT 10.1
FIRST AMENDMENT TO CORPORATE
CENTER LEASE
DATED 10-01-06, FLOORS 1,2,3,5
AND 6
601 W. MARKET
STREET
LOUISVILLE,
KENTUCKY
This First Amendment to Corporate Center Lease
dated this 8 day of July, 2008 shall amend the terms of that lease
dated October 1, 2006, comprising floors 1,2,3,5 and 6 of the
Republic Corporate Center (“Lease”) by and between
TEECO Properties (“Landlord”) and Republic
Bank & Trust Company (“Tenant”).
Landlord and Tenant agree that the terms of the
Lease shall be amended to provide for an early termination
provision option that may be exercised at the sole election of
Tenant, upon notice to Landlord. Article II of the
original lease referenced herein shall be specifically amended to
read in its entirety as follows:
ARTICLE II. TERM/OPTION TO
RENEW
Landlord leases the Premises to Tenant and
Tenant hires and takes the Premises from Landlord, for a term of
five (5) Lease Years commencing on the first day of October,
2006 (the “Lease Commencement Date”) and expiring at
midnight on the last day of the 60 th month thereafter
unless sooner terminated pursuant to the terms hereof. Tenant
may at Tenant’s option, with one hundred eighty (180) days
prior written notice to Landlord, terminate this Lease prior to its
termination date, subject to Tenant’s payment to Landlord of
a early termination fee equal to the present value of the remaining
rental payments due to Landlord net of Tenant’s actual paid
moving expenses. “Lease Year” shall mean a year period
beginning on the first day of a month, which is the first calendar
month of the term of the Lease and ending on the day before the
anniversary of the first day of such year.
Notwithstanding the above, the option of Tenant
to terminate referenced above shall immediately lapse upon a
“Change of Control” of the Tenant or Tenant’s
parent company, Republic Bancorp, Inc. (Parent Company)
“Change in Control” shall mean (i
