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LEASE AGREEMENT • THIS LEASE AGREEMENT is made and entered into this 26_0�< day of �w•c_ , 2001, by and between SANDOLLAR, LTD., a Virginia corporation (the "Lessor"), and the undersigned lessee (the "Lessee") and provides as follows: WITNESSETH: 1. CONSIDERATION: In consideration of the Rent stated below and the mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and subject to the conditions set forth herein, Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor the Premises described herein. as follows: PREMISES: The leased premises (the "Premises") are identified and described The real property owned by Lessor and described more particularly in Exhibit A hereto, and which is located at the office building (the "Building") located at 407 East High Street, City of Charlottesville, Virginia 3. TERM: The term of this Lease (the "Term") shall commence on the Ist day of • July, 2001, (the "Effective Date") and shall, unless terminated or renewed as provided herein, continue for a period of one (1) year thereafter. A "Lease Year" shall mean each one-year period of the Term and any renewal term, commencing on the Effective Date and every anniversary thereof. 4. RENT: From and after the Effective Date, Lessee agrees to pay Lessor on or before the first day of each month, as rent for the use of the Premises during such month, the rent as set forth on Exhibit B attached hereto and by this reference made a part hereof (the "Rent"). Rent shall be paid in advance on the first day of each month, except that if the beginning and ending months are not whole, then only the pro rata portion of Rent for that month shall be paid for such month. Payments of Rent shall be made to Lessor or Lessor's agent at the address set forth at the end of this agreement unless written notice is provided othetwise, without demand or further notice, which is hereby expressly waived. 5. ADDITIONAL RENT: Lessee shall pay, in addition to Rent, all sums (exclusive of Rent) as shall be or may otherwise become due and payable by Lessee under this Lease ("Additional Rent"). Unless otherwise set forth herein, all Additional Rent shall become due and payable within thirty (30) days of notice to Lessee. Specifically, and without limitation, Lessee shall reimburse Lessor for the taxes described in Section 20 and such payment shall be deemed Additional Rent.