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Exhibit
10.13
REAL ESTATE
LEASE
This Lease Agreement (this
“Lease”) is dated January 01, 2003, by and between Joe
Black (“Landlord”), and Computer Software Innovations,
Inc (“Tenant”). The parties agree as
follows:
PREMISES. Landlord, in
consideration of the lease payments provided in this Lease, leases
to Tenant Office Building comprising approximately 4800 square feet
(the “Premises”) located at 1661 East Main Street,
Easley, SC 29640.
TERM. The lease term will begin
on January 01, 2003 and will terminate on December 31,
2005.
LEASE PAYMENTS. Tenant shall pay
to Landlord monthly installments of $2,800.00, payable in advance
on the first day of each month. Lease payments shall be made to the
Landlord at 204 Mt Calvary Church Road, Easley, SC 29642, which
address may be changed from time to time by the
Landlord.
POSSESSION. Tenant shall be
entitled to possession on the first day of the term of this Lease,
and shall yield possession to Landlord on the last day of the term
of this Lease, unless otherwise agreed by both parties in writing.
At the expiration of the term, Tenant shall remove its goods and
effects and peaceably yield up the Premises to Landlord in as good
a condition as when delivered to Tenant, ordinary wear and tear
excepted.
PROPERTY INSURANCE. Landlord and
Tenant shall each maintain appropriate insurance for their
respective interests in the Premises and property located on the
Premises.
RENEWAL TERMS. This Lease shall
automatically renew for an additional period of 1 year, unless
either party gives written notice of termination no later than 60
days prior to the end of the term or renewal term. The lease terms
during any such renewal term shall be the same as those contained
in this Lease except that the lease installment payments shall
increase by 3 % (percent) at the beginning of each renewal
period.
MAINTENANCE. Tenant shall have
the responsibility to maintain the Premises in good repair at all
times during the term of this Lease.
TAXES. Tenant shall pay all real
estate taxes and assessments which are assessed against the
Premises during the time of this Lease.
DEFAULTS. Tenant shall be in
default of this Lease if Tenant fails to fulfill any lease
obligation or term by which Tenant is bound. Subject to any
governing provisions of law to the contrary, if Tenant fails to
cure any financial obligation within 5 days (or any other
obligation within 10 days) after written notice of such default is
provided by Landlord to Tenant, Landlord may take possession of the
Premises without further notice (to the extent permitted by law),
and without prejudicing Landlord’s rights to
damages.
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CUMULATIVE RIGHTS. The rights of
the parties under this Lease are cumulative, and shall not be
construed as exclusive unless otherwise required by law.
REMODELING OR STRUCTURAL
IMPROVEMENTS. Tenant shall have the obligation to conduct any
construction or remodeling (at Tenant’s
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