EXHIBIT 10.12
LEASE
This agreement, executed in duplicate, between XXXXXX LAW FIRM, of Van
Buren, Arkansas, hereinafter called XXXXXX, and LAW OFFICE INFORMATION SYSTEMS,
INC., an Arkansas Corporation, of Van Buren, Arkansas, hereinafter called XXXX,
witnesseth:
XXXXXX agrees to grant, and XXXX to take, a lease of those premises,
situated in Van Buren, in the county of Xxxxxxxx, Arkansas, more particularly
described as follows:
Part of the Southeast Quarter of the Southeast Quarter of Section 19, Township 9
North, Range 31 West, Xxxxxxxx County, Arkansas, being more particularly
described as follows:
COMMENCING at the Southeast corner of the Southeast Quarter of the Southeast
Quarter of said Section 19; thence North 00 degrees 09 minutes West, 220.0 feet,
to the POINT OF BEGINNING: Thence West 200.0 feet; Thence North 00 degrees 09
minutes West, 368.2 feet to a point 75 feet South of The South line of Valley
View Addition to the City of Van Buren; Thence South 89 degrees 56 minutes East
parallel to said South line, 200.0 feet; Thence South 00 degrees 09 minutes
East, 367.9 feet to the POINT OF BEGINNING, according to Survey by Xxxxxxx-
Xxxxxx & Associates, Inc. dated August 10, 1988.
The East half of Xxxx 0 xxx 0, Xxxxx 0, Xxxxxx Xxxx Addition to the City of Van
Buren, Arkansas. Also, all that part of the West half of Xxxxx Avenue closed by
City Ordinance recorded in Miscellaneous Book 43 at page 71 lying between the
extended North line of Lot 8 and the extended South line of Xxx 0, Xxxxx 0,
Xxxxxx View Addition to the City of Van Buren, Arkansas.
ALSO: All that part of the East half of Xxxxx Avenue closed by City Ordinance
recorded in Miscellaneous Book 43 at Page 71 lying between the extended North
line of Lot 3 and the extended South line of Xxx 0, Xxxxx 0, Xxxxxx View
Addition to the City of Van Buren, Arkansas.
ALSO: Xxxx 0 xxx 0, Xxxxx 0, xx Xxxxxx View Addition to the City of Van Buren,
Arkansas, the same being part of the North half of the Southeast Quarter of the
Southeast Quarter of Section 00, Xxxxxxxx 0 Xxxxx, Xxxxx 00 Xxxx. Xxxxxxxx
Xxxxxx, Xxxxxxxx.
ALSO: The East 60 feet of Lot 7 and all of Xxxx 0 xxx X, Xxxxx 0, Xxxxxx View
Addition to the City of Van Buren, Arkansas, the same being part of the
Southeast Quarter of the Southeast Quarter of Section 19, Township 9 North,
Range 31 West, according to plat filed for record August 18, 1948.
Lots Five (5), Six (6), and Seven (7), and Eight (8) of Xxxxxx Addition to the
City of Van Buren, Arkansas, the same being part of the S/2 SE SE, 19-9-31, as
reflected by plat filed November 2, 1962, of said addition.
Said property being more specifically identified as 000 Xxxxx 00xx Xxxxxx, 0000
Xxxxxx Road, and the Northwest corner of Xxxxxx Road and North 00xx Xxxxxxx, Xxx
Xxxxx, Xxxxxxxx 00000.
Subject to existing oil, gas and mineral lease, if any.
Subject to existing right of ways, easements, restrictions and previous
reservations, if any.
For a term of five years, from the 5th day of May 1999, at a monthly rental
of $14,144.00. In addition to the monthly base rental, XXXX shall be responsible
for all taxes, insurance, maintenance, re-modelling and improvements to the
premises, together with any increase in interest rates charged by City National
Bank of Fort Xxxxx, AR for the financing of the property for a term of five
years.
The said premises shall be used for the purpose of LOIS'S business
activities and all activities in relation thereto. And it is agreed that XXXX
will well and truly pay said rent on a monthly basis; that XXXX will keep the
premises in good repair, and at the end of the term hereof surrender the same in
good order, condition and repair as the same are not or may hereafter be put in,
subject to ordinary wear and tear.
This lease shall be renewable for two (2) additional successive periods of
five (5) years each for a total term of fifteen (15) years at the option of
XXXX.
Witness our hands on this 5th day of May, 1999.
LESSOR; XXXXXX LAW FIRM
/s/ Xxxxxxx X. Xxxxxx
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By Xxxxxxx X. Xxxxxx
Partner
LESSEE; LAW OFFICE INFORMATION SYSTEMS
/s/ Xxxx X. Xxxxxx
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By Xxxx X. Xxxxxx
President
