Lease between Republic Bank & Trust Company and Jaytee Properties, dated August 14, 2015, as amended, relating to 661 South Hurstbourne Parkway, Louisville (Commission File Number: 0-24649))

EXHIBIT 10.47

Second Amendment to Republic Bank Place, 3rd Floor

Hurstbourne Lease

Dated 9-1-2005 as Amended

This Second Amendment to Lease dated this 31st day of January, 2018 shall amend the terms of the lease dated September 1, 2005, as first amended on August 11, 2015 (“Lease”), by and between Jaytee-Hurstbourne, LLC, a Kentucky Limited Liability Company f/k/a Jaytee Properties Limited Partnership, a Kentucky Limited Partnership (“Landlord”) and Republic Bank & Trust Company (“Tenant”).

Landlord and Tenant agree that the terms of the Lease shall be amended to extend the Lease Term and to modify the Rent payable by Tenant during the extended Term.

WHEREAS, the parties hereto desire and agree to amend the Lease to extend the term of the Lease to June 30, 2028, and

WHEREAS, the parties hereto desire and agree to amend the Lease to modify the Rent payable by Tenant during the extended Term, and

WHEREAS, the parties hereto desire and agree to amend the Lease as heretofore set forth,

NOW THEREFORE, it is agreed that the ARTICLE II. TERM/OPTION TO RENEW shall be amended to provide for a termination date of June 30, 2028, and

IT IS FURTHER agreed that the ARTICLE III. RENT shall be amended to provide that, effective July 1, 2018, Tenant shall pay Landlord Rent for the Premises in the amount of $23.00 per rentable square foot for a total sum of Twenty Thousand Six Hundred Ninety-six Dollars and Seventeen Cents ($20,696.17) per month. 

All other terms, conditions, and provisions of the Lease dated September 1, 2005, as amended, shall remain unchanged and incorporated by reference under this Second Amendment to Lease. If there shall be any conflict between the original Lease as amended and this Second Amendment to Lease, this Second Amendment to Lease shall control.

IN WITNESS WHEREOF, Landlord and Tenant, intending to be legally bound hereby, have caused this First Amendment to be executed by their duly authorized officers as of the day and year first set forth above.