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COMMERCIAL LEASE CONTRACT
THIS LEASE , made this 1st day of November, 2003, by and between Ronald D. Ordway , first party (hereinafter called
"Landlord"), and Video Display Corp. , second party (hereinafter called "Tenant"),
W I T N E S S E T H:
1. PREMISES. The Landlord, for and in consideration of the rents, covenants, agreements, and stipulations
hereinafter mentioned, reserved, and contained, to be paid, kept, and performed by the Tenant, has leased and rented, and by
these presents does lease and rent, unto the said Tenant, and said Tenant hereby agrees to lease and take upon the terms and
conditions which hereinafter appear, the following described property (hereinafter called the "Premises"), to-wit:
and being known as 1868 Tucker Industrial Drive.
No easement for light or air is included in the premises.
2. TERM. To have and to hold the same for a term of 60 months, beginning on the 1rst day of November, 2003, and
ending on the 31st day of October, 2008, at midnight, unless sooner terminated as hereinafter provided.
3. RENTAL. Tenant agrees to pay Landlord, by payments to Landlord at Landlord's office located at 1868 Tucker
Industrial Drive, promptly on the first day of each month in advance, during the term of this Lease, a monthly rental of
$16,185.08, subject to increases in the cost of living as hereinafter computed.
4. UTILITY BILLS. Tenant shall pay all utility bills, including, but no limited to, water, sewer, gas, electricity, fuel,
light, and heat bills, for the Premises, and Tenant shall pay all charges for garbage collection services or other sanitary services
rendered to the Premises or used by Tenant in connection therewith. If Tenant fails to pay any of said utility bills or charges for
garbage collection or other sanitary services, Landlord may pay the same and such payment may be added to t