Exhibit 10.4(c)
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STATE OF SOUTH
CAROLINA
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SECOND
AMENDMENT TO LEASE
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COUNTY OF HORRY
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THIS SECOND
AMENDMENT TO LEASE (the “Second Amendment”), made this
24 th day of April , 2008,
by and between MYRTLE BEACH FARMS
COMPANY, INC. , a South
Carolina corporation , hereinafter referred to as
“LANDLORD”, and COASTAL CAROLINA BANCSHARES, INC
., a South Carolina corporation, as successor by merger to
COASTAL CAROLINA DREAM TEAM, LLC , a South Carolina limited
liability company, hereinafter referred to as
“TENANT”.
W I T N E S S E T
H:
WHEREAS , there is a Lease Agreement by and
between LANDLORD and TENANT dated November 13, 2007 and
Amendment to Lease date February 12, 2008 (the
“Lease”), for approximately 1.29 acres of land with
Horry County Tax Map #181-03-39-005, located in Myrtle Beach, South
Carolina, and,
WHEREAS , Landlord and Tenant desire to set
forth their agreement regarding a change to the Tenant Entity Name
and to adjust Section 18 in this Lease.
NOW, THEREFORE
, in consideration of the
foregoing and for other good and valuable consideration, the
receipt and legal sufficiency of which are hereby acknowledged,
Landlord and Tenant agree as follows:
1. Tenant
Entity Name . All references to the Tenant Entity Name of
Coastal Carolina Dream Team, LLC, a South Carolina limited
liability company, shall be effectively replaced throughout the
Lease with COASTAL CAROLINA BANCSHARES, INC., a South Carolina
corporation.
2. Section 18 - Damage or
Destruction of Premises . The first paragraph of
Section 18 shall be amended to read as follows: “Any
damage in the Premises caused by or arising from the acts or
omissions of Tenant or Tenant’s agents, Tenant’s
business, or the installation or removal of property in or from the
Premises, shall be repaired at Tenant’s expense. All
such damage shall be promptly repaired by Tenant at its expense
upon written notification from the Landlord. For any repair item
carrying a warranty, Tenant shall employ Landlord’s
designated contractor so as to retain such warranty.
If Tenant shall fail to commence such
repairs within five (5) days after notice to do so from
Landlord, Landlord may make or cause the same to be made and Tenant
agrees to pay to Landlord promptly upon Landlord’s
demand,
