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
