COMMISSION AGREEMENT

This Commission Agreement [Agreement] is entered into as of the 15th day of June 2,
2015, by and between Lakeside Investment, Inc, and/or its assigns or successors in interest,
[Landlord] with offices at 165 Lakeside road, Lakeside city 800975 and Bank of Lakeside,
a Lakeside Corporation [the Broker] with offices at: 1234 Apple Gate, Lakeside 30016.

W I T N E S S E T H:
WHEREAS, Landlord presently owns Bank of Lakeside situated on a tract of land located
1567 Apple gate road, in the City of Lakeside, Lakeside County, Lakeside .
WHEREAS, Broker is a licensed real estate professional and is presently engaged in
negotiations with Landlord on behalf of Government [Tenant] for the lease of space within
the Building [Premise], and Landlord recognizes Broker as Tenants exclusive
representative; and
WHEREAS, Landlord and Broker desire to confirm and reduce to writing their
understanding and agreement with respect to the leasing commission to be paid to Broker by
Landlord, and other matters relating thereto;
NOW, THEREFORE, in consideration of mutual covenants herein contained and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto do hereby agree as follows:
1. This Agreement confirms Brokers registration of Tenant and that Broker has been
authorized as the Tenants sole real estate broker to negotiate the above-references
Lease on Tenants behalf.
2.

This Agreement shall be valid for a period of twelve (12) months after the date
referenced above; however, Broker shall remain the Broker of record for said Tenant
and be entitled to a commission if ongoing and documented communication continues
among Landlord, Broker, Tenant and Landlords Agent at the end of this period.

3.

Landlord acknowledges that any commissions due Broker for its services with respect
to this Lease shall be paid directly by Landlord in accordance with this Agreement.

4. Upon Landlords receipt of a duty executed written lease for all or any part of the
Premises [the Lease] by and between Tenant and Landlord, Landlord hereby agrees
to pay Broker, as procuring Broker, a leasing commission equal to the sum of: [a] 50
Cents per Rentable Square foot of expansion space leased by the Tenant times the
number of years in the term of the lease for the expansion space, and [b] 75 Cents per
rentable square foot of original space leased by Tenant times the number of years in
the extended term of the lease for the original space, [Commission].

Such Commission shall be paid to Broker in cash within thirty (30) calendar days
after the full execution of the lease by Landlord and Tenant;
5. Broker agrees to use reasonable efforts to indemnify and hold Landlord and its agent
harmless from and against any liability, cost or expense arising out of any claim or
proceeding for a real estate brokerage commission made by any other person
involving the lease
6. This Agreement contains the entire understanding of the parties and it may not be
changed or modified orally but only written instrument, signed by duly authorized
officers of the parties hereto.
7. Nothing obtained in this Agreement shall constitute or be construed to be, or create, a
partnership or joint venture between Landlord and Broker, or their successors and
assigns, and Broker is, and remains, an independent contractor.
8. IN the event Broker must retain legal counsel in order to institute legal action against
Landlord [or its Agent hereunder] for a violation or breach of any of the covenants
contained in this Agreement, and Broker prevails in such suit hearing or meditation,
Landlord [and/ or its Agent] agree to promptly pay to Broker, in addition to any
principal sums due in connection with this transaction, all reasonable legal fees
incurred by Broker as a result of such suit, hearing or meditation
9. This Agreement shall inure to the benefit of and be binding upon the parties hereto,
their heirs, successors, legal representatives and assigns and the obligations of the
parties hereunder, shall be construed and enforced in accordance with the laws of the
State of Lakeside.
10. In the event of the sale of the Building or Property, Landlord agrees to provide a copy

of this Agreement to the purchaser of the Building or Property [the Purchaser] and
Landlord further agrees to [i] use its best efforts to obtain from Purchases a written
agreement signed by Purchaser [the Purchasers Agreement], whereby Purchases
agrees to pay Broker all commissions subsequently becoming due and owing to
Broker hereunder, after the closing of the sale, and [ii] furnish Broker with a copy of
the fully executed Purchasers Agreement. Upon receipt by Broker of the Purchasers
Agreement, Landlord shall be released from liability for payment of commissions
subsequently becoming due and owing to Broker hereunder after closing of the sale. If
Landlord is unable to obtain the Purchasers Agreement and Landlord successfully
transfers its interest to Purchaser. Then Landlord agrees to remain liable for and pay
Broker all commissions subsequently becoming due and owing to Broker hereunder
after the closing of the sake.