Lease Agreement with Dewey Brazelton dated March 1, 2001 for the space in Madison, Alabama
STATE OF ALABAMA
COUNTY OF MADISON
THIS LEASE, made and entered into, in duplicate, on this 1st day of March, 2001, by and between Dewey H.
Brazelton as party of the First Part, hereinafter referred to as "Lessor", and ECSI International, Inc., as party of
the Second part, hereinafter referred to as "Lessee."
-W I T N E S S E T H-
Lessor does hereby lease to Lessee and Lessee does hereby rent from Lessor the following described real
property, and the improvements located thereon, lying and being situated in the City of Madison, County of
Madison, State of Alabama, to-wit:
Unit D1, 102 Commerce Circle, Madison, Alabama
The terms of this lease shall be three (3) years, and said term shall begin on the 1st day of March, 2001, to the
29th day of February, 2004.
The terms and conditions of this lease are as follows:
1. RENT. Lessee agrees to pay to the Lessor rent as follows:
Rent of $1,800.00 per month shall be due and payable on the 1st day of each month in advance, beginning the
9th day of March, 2001. The prorated rent for March, 2001, is $1,320.00.
There are two (2) three-year options to renew this lease. The rent will be $2,000.00 per month for three years
for the first option and $2,200.per month for three years for the second option.
2. DEFAULT IN RENTAL PAYMENT. IT IS EXPRESSLY AGREED AND UNDERSTOOD by and
between the parties hereto, that any installment of rent accruing under the provisions of this lease, which is not
paid within Ten (10) days of the due date, shall be subject to a LATE CHARGE of ten (10) percent of the
Should Lessee fail to pay any monthly installment within Ten (10) days, then Lessor may, at his option, declare
this lease to be in default and the Lessee shall have ten (10) days to clear the default, and if the Lessee does not
clear the default, the lease is to be cancelled and Lessor may, without further notice or de