Commencement Agreement between Nolensville Real Estate Partners, LLC and Franklin Synergy Bank

Summary

This agreement, dated April 10, 2020, is between Nolensville Real Estate Partners, LLC (Landlord) and Franklin Synergy Bank (Tenant). It modifies their existing Triple Net Office Lease by officially establishing May 8, 2020, as the lease commencement date for the property at 7216 Nolensville Road, Tennessee. All other terms of the original lease remain unchanged.

EX-10.2 3 fsb-06302020ex102.htm EX-10.2 Document

Exhibit 10.2

EXHIBIT B

Form of Commencement Agreement

COMMENCEMENT AGREEMENT

THIS COMMENCEMENT AGREEMENT ( this “Agreement”), made and entered into as of this 10^Th day of April, 2020, is by and between NOLENSVILLE REAL ESTATE PARTNERS, LLC, a Tennessee limited liability company, (“Landlord”), and FRANKLIN SYNERGY BANK, a Tennessee banking corporation (“Tenant”).

A.Tenant and Landlord entered into that certain Triple Net Office Lease Agreement dated May 6, 2019 (the “Lease”), for certain improved real property municipally known as 7216 Nolensville Road located in Nolensville, Williamson County, Tennessee consisting of approximately 3,892 rentable square feet, being more particularly described in the Lease; and

B.The Parties desire to precisely establish the Commencement Date as set forth below.

NOW, THEREFORE, the consideration of the mutual and reciprocal promises herein contained, and pursuant to Section 2 of the Lease, Tenant and Landlord hereby agree that the Lease is hereby modified as follows:

1. The term of the Lease by and between the Landlord and Tenant actually commenced on May 8, 2020 ( the “Commencement Date”)

2.Except as modified and amended by this Agreement, the Lease shall remain in full force and effect.

IN WITNESS WHERE OF, Landlord and Tenant have caused this Agreement to be duly executed, as of the day and year first above written.


LANDLORD:						TENANT:
NOLENSVILLE REAL ESTATE						FRANKLIN SYNERGY BANK
PARTNERS

By: /s/ Jason E. Herrington						By: /s/ J. Myers Jones, III
Title: Vice President						Title: CEO