EXHIBIT 10.12
LEASE
This agreement, executed in duplicate, between ▇▇▇▇▇▇ LAW FIRM, of Van
Buren, Arkansas, hereinafter called ▇▇▇▇▇▇, and LAW OFFICE INFORMATION SYSTEMS,
INC., an Arkansas Corporation, of Van Buren, Arkansas, hereinafter called ▇▇▇▇,
witnesseth:
▇▇▇▇▇▇ agrees to grant, and ▇▇▇▇ to take, a lease of those premises,
situated in Van Buren, in the county of ▇▇▇▇▇▇▇▇, Arkansas, more particularly
described as follows:
Part of the Southeast Quarter of the Southeast Quarter of Section 19, Township 9
North, Range 31 West, ▇▇▇▇▇▇▇▇ 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 ▇▇▇▇▇▇▇-
▇▇▇▇▇▇ & Associates, Inc. dated August 10, 1988.
The East half of ▇▇▇▇ ▇ ▇▇▇ ▇, ▇▇▇▇▇ ▇, ▇▇▇▇▇▇ ▇▇▇▇ Addition to the City of Van
Buren, Arkansas. Also, all that part of the West half of ▇▇▇▇▇ 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 ▇▇▇ ▇, ▇▇▇▇▇ ▇,
▇▇▇▇▇▇ View Addition to the City of Van Buren, Arkansas.
ALSO: All that part of the East half of ▇▇▇▇▇ 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 ▇▇▇ ▇, ▇▇▇▇▇ ▇, ▇▇▇▇▇▇ View
Addition to the City of Van Buren, Arkansas.
ALSO: ▇▇▇▇ ▇ ▇▇▇ ▇, ▇▇▇▇▇ ▇, ▇▇ ▇▇▇▇▇▇ 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 ▇▇, ▇▇▇▇▇▇▇▇ ▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇ ▇▇▇▇. ▇▇▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇.
ALSO: The East 60 feet of Lot 7 and all of ▇▇▇▇ ▇ ▇▇▇ ▇, ▇▇▇▇▇ ▇, ▇▇▇▇▇▇ 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 ▇▇▇▇▇▇ 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 ▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇
▇▇▇▇▇▇ Road, and the Northwest corner of ▇▇▇▇▇▇ Road and North ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇
▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇.
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, ▇▇▇▇ 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 ▇▇▇▇▇, 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 ▇▇▇▇
will well and truly pay said rent on a monthly basis; that ▇▇▇▇ 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
▇▇▇▇.
Witness our hands on this 5th day of May, 1999.
LESSOR; ▇▇▇▇▇▇ LAW FIRM
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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By ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Partner
LESSEE; LAW OFFICE INFORMATION SYSTEMS
/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇
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By ▇▇▇▇ ▇. ▇▇▇▇▇▇
President