AGREEMENT OF LEASE
This Agreement of Lease is made on the 1st day of August, 1997, by and between
Security State Bank, Abilene, Texas, and First Independent Computers, Inc.,
Abilene, Texas.
DESCRIPTION OF PROPERTY LEASED
Location: 000 Xxxxxxx Xxxxxx, Xxxxxxx, Xxxxx
-------------------------------------------------------------------------------
SQUARE PRICE MONTHLY
SPACE DESCRIPTION FOOTAGE PER FOOT RENT
-------------------------------------------------------------------------------
Basement Vault 256 0.00
-------------------------------------------------------------------------------
2nd Floor Parking Garage 0.00
-------------------------------------------------------------------------------
2nd Floor - Machine Room & Programmers 6,246 0.60 3,747.60
Offices
-------------------------------------------------------------------------------
3rd Floor - Corp. Offices - No 4,474 0.70 3,131.80
Modifications
-------------------------------------------------------------------------------
4th Floor - Partial 7,500 0.60 4,500.00
-------------------------------------------------------------------------------
5th Floor - Partial 4,968 0.60 2.980.80
-------------------------------------------------------------------------------
6th Floor - Complete 8,470 0.60 5,082.00
-------------------------------------------------------------------------------
Annex & Mailroom 9,090 0.60 5,454.00
-------------------------------------------------------------------------------
0xx Xxxxx of Parking Garage 1,000.00
(All but 10 currently assigned spaces)
-------------------------------------------------------------------------------
Building - 4th and Cedar 3,200 0.60 1,920.00
-------------------------------------------------------------------------------
Total 44,204 $27,816.20
-------------------------------------------------------------------------------
TERMS:
This lease shall begin on August 1, 1997, and shall be in effect, as follows:
-------------------------------------------------------------------------------
Space Description Length of Lease Expiration Date
-------------------------------------------------------------------------------
2nd Floor Parking Garage 2 years 07/31/99
-------------------------------------------------------------------------------
2nd Floor - Machine Room & Programmers 2 years 07/31/99
Offices
-------------------------------------------------------------------------------
4th Floor 2 years 07/31/99
-------------------------------------------------------------------------------
5th Floor 2 years 07/31/99
-------------------------------------------------------------------------------
6th Floor 2 years 07/31/99
-------------------------------------------------------------------------------
Annex & Mailroom 2 years 07/31/99
-------------------------------------------------------------------------------
3rd Floor of Parking Garage 2 years 07/31/99
(All but 10 currently assigned spaces)
-------------------------------------------------------------------------------
Building - 4th and Cedar 2 years 07/31/99
-------------------------------------------------------------------------------
1
-------------------------------------------------------------------------------
3rd Floor Corporate Offices 1 year 07/31/98
-------------------------------------------------------------------------------
All leases will automatically renew for the same length of term, if notification
of termination is not made by/to lessee and lessor within one hundred and eighty
(180) days prior to expiration date. All lease prices may increase at renewal
date, but increase will be limited to percentage of change, if any, in the
Consumer Price Index for the prior calendar year. Total monthly rent, due in
advance on the 1st day of each month, beginning August 1, 1997, will be
$27,816.20. This amount includes all utilities and janitorial service.
LEASEHOLD IMPROVEMENTS:
Lessor will assume maximum total of $40,000 for the two year term. Additional
changes will be the responsibility of the lessee, after discussion and approval
by the lessor.
Signed this _________________ day of _______________________, 19_____.
LESSOR: LESSEE:
Security State Bank First Independent Computers, Inc.
Abilene, Texas Abilene, Texas
------------------------------- ------------------------------------
Xxxxxxx X. Xxxxxxx
2
LEASE ADDENDUM
This Addendum to an Agreement of Lease dated June 26, 1997, is made on the 1st
day of August, 1997, by and between Security State Bank, Abilene, Texas, and
First Independent Computers, Inc., Abilene, Texas.
DESCRIPTION OF PROPERTY LEASED
Location: 000 Xxxxxxx Xxxxxx, Xxxxxxx, Xxxxx
-------------------------------------------------------------------------------
SQUARE PRICE MONTHLY
SPACE DESCRIPTION FOOTAGE PER FOOT RENT
-------------------------------------------------------------------------------
8th Floor 8,044 0.70 $5,630.80
-------------------------------------------------------------------------------
TERMS:
This lease shall begin on August 1, 1997, and shall be in effect, as follows:
-------------------------------------------------------------------------------
Space Description Length of Lease Expiration Date
-------------------------------------------------------------------------------
8th Floor 2 years 07/31/99
-------------------------------------------------------------------------------
All leases will automatically renew for the same length of term, if notification
of termination is not made by/to lessee and lessor within one hundred and eighty
(180) days prior to expiration date. All lease prices may increase at renewal
date, but increase will be limited to percentage of change, if any, in the
Consumer Price Index for the prior calendar year. Total monthly rent, due in
advance on the 1st day of each month, beginning August 1, 1997, will be
$5,630.80. This amount includes all utilities and janitorial service.
Signed this _________________ day of _______________________, 19_____.
LESSOR: LESSEE:
Security State Bank First Independent Computers, Inc.
Abilene, Texas Abilene, Texas
3
------------------------------- ------------------------------------
Xxxxxxx X. Xxxxxxx
4
