AGREEMENT OF LEASE Exhibit 10.20
THIS AGREEMENT OF LEASE ("Lease") made this February 19, 2002, by and between G.F. FLORIDA
OPERATING ALPHA, INC., a Florida corporation, ("Landlord"), and EMTEC, Inc. , a Delaware corporation,
Article 1. Premises. Landlord hereby demises and lets unto Tenant and Tenant hereby leases and takes from
Landlord, for the term and upon the terms and conditions set forth herein, that portion of the "Building"
constructed on the real property more particularly described on Exhibit "A" attached hereto and made a part
hereof(The `Property"), located at 7843 Bayberry Road, Jacksonville, Florida 32256 containing 3,340 square
feet (the `Premises"), together with the right in common with the other occupants of the building to use the
driveways, sidewalks, and common area being more particularly described on Exhibit "A" attached hereto (The
"Common Area"). Tenant's right to use the Common Area shall be limited or restricted as depicted by Exhibit
Article 2. Term & Expansion. To have and to hold said Premises for a term of 3 years commencing on March 1,
2002 (hereinafter called the "Commencement Date"), and ending at 6:00 p.m. on February 28, 2005 (hereinafter
called the "Term"). Should Landlord have property available for expansion and/or relocation, and Landlord &
Tenant come to a mutual agreement of terms and conditions of said expansion and/or relocation, then Tenant
would have the option without penalty to expand or relocate to said space. Notwithstanding the foregoing, in the
event Landlord is unable to accommodate Tenant's expansion after one year of occupancy, with adequate space
as determined by Tenant, the lease is cancelable upon ninety days notice to Landlord and payment of a
cancellation fee equal to the then current three month's gross rent, at any time during the lease after the first year.
This Lease shall not be recorded in any public records without the prior written consent of the Landlord.
Article 3. Construction by Landlor