EX-10.3 8 ex10-3.txt Exhibit 10.3 LEASE AGREEMENT BETWEEN VALLEY BANK AND FORPICUS, LLC October 12, 2004 Location of Property: Town Green Medical, 98 Main St., Ste 204, Southington, CT 06489 Bob Messier Valley Bank 4 Riverside Avenue Bristol, CT 06010 Phone: 860-582-8868 Fax: 860-314-6098 & Forpicus,LLC known as Lessor One Center St., Suite 2A Southington, CT 06489 Phone: 860-276-8208 Fax: 860-276-8833 Terms as follows: 1. Twelve Month Lease beginning January 1, 2005, upon banking department approval if not by 1/1/05. Rent is $750.00/month with option to renew @ $750.00 for 12 additional months. 2. A security deposit of $750.00 due upon signing. 3. Lessee to pay $3800.00 for build-out, to include carpet, paint, sheetrock, new ceiling tiles, wood trim, electrical (as required), new HVAC unit and ductwork. Any additional renovation costs to be paid by Lessor. 4. Lessee to pay their share of utilities. 5. Lessee will occupy space as shown on Exhibit A. 6. Subject to Banking Commission approval. 7. Lessor has the right to relocate Lessee at Lessor's expense to a similar space with 30 days notice. ________________________________________ Date: Mat Florian Pres. Forpicus, LLC ________________________________________ Date: Bob Messier, Valley Bank Loan Production Office 1