Maryland
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000-50345
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20-0154352
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(State
of Incorporation)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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2995
Crain Highway
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Waldorf,
Maryland
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20601
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(Address
of Principal Executive Offices)
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(Zip
Code)
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____
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Written
communication pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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____
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CRF
240.14a-12)
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____
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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____
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Pre-commencement
communications pursuant to Rule 13e-4 (c) under the Exchange Act
(17 CFR
240.13e- 4(c))
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(a)
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Basic
Rental
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For
Premises A: Twenty-nine
& 00/100 Dollars ($29.00) per square foot payable in monthly
installments of $6,179 subject to annual basic rental
escalations.
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For
Premises B: Twenty-five
& 00/100 Dollars ($25.00) per square foot payable in monthly
installments of $11,352.
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For
Premises C:
Twenty-five & 00/100 Dollars ($25.00) per square foot payable in
monthly installments of $23,027.
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(b)
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Annual
Basic Rental
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For
Premises A:
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$
74,153
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For
Premises B:
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$136,224
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For
Premises C:
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$276,324
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(c)
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Additional
Rent: Operating Expenses
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and
Real Estate Taxes
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For
Premises A:
Proportionate share (approximately 6.37%) of the building’s operating
expenses and real estate taxes.
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For
Premises B:
Proportionate share (approximately 14.34%) of the building’s operating
expenses and real estate taxes.
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For
Premises C: Proportionate
share (approximately 29.09%) of the building’s operating expenses and real
estate taxes.
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(d)
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Annual
Basic Rental Escalation
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For
Premises A, B, & C: Three
percent (3%) of the escalated Basic Rental then in
effect.
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(e)
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Lease
Term and Commencement Date
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For
Premises A, B & C: Thirteen
(13) years commencing on or about June 6, 2006.
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(f)
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Renewal
Terms
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For
Premises A, B & C:
Old Line Bank has the right to extend the term of the Lease for
two (2)
additional five year lease
terms.
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SIGNATURES
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Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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OLD
LINE BANCSHARES, INC.
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Date:
June 8, 2006
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By:
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/s/Christine
M. Rush
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Christine
M. Rush
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Chief Financial Officer |