EXHIBIT 10.3
THIS LEASE made and entered into this 30th day of June, 1994, by and between JOHN J. SCHWARZ, SR. and MARCELLA M. SCHWARZ, his wife, and JOHN J. SCHWARZ, JR. a/k/a JOHN T. SCHWARZ, JR., and ROBERT T. SCHWARZ, 907 Audubon Parkway, Louisville, Kentucky, 40213, hereinafter called Lessors: and MIAMI COMPUTER SUPPLY, INC., 3884 Indian Ripple Road, Dayton, Ohio, 45440, hereinafter called Lessee.
WITNESSETH:
1. Lessors do hereby grant, devise and lease to said Lessee the following described premises located in Louisville, Jefferson County, Kentucky, to-wit:
Tract I
Beginning on the East side of 15th Street at a point 254 feet
North of Maple Street; running thence North along the East side
of 15th Street 126 feet 5 inches, and extending back East of the
same width, in lines parallel with Maple Street 100 feet to an
Tract II
Beginning at the property line on the East side of 15th Street
where the North property line of the second alley South of
Broadway intersects the East property line of 15th Street;
running thence North with the East property line of 15th Street
125 feet; running thence Eastwardly on a line parallel with said
second alley South of Broadway 105 feet to an alley; running
thence Southwardly with the West line of said alley, 125 feet to
the North property line of said second alley South of Broadway;
running thence with the North property line of said second alley
South of Broadway, 105 feet to the point of beginning.
for a term of 120 months beginning on the 1st day of July, 1994, and covenant to keep said Lessee in peaceful and quiet possession during the terms of and for the consideration set out below.
2. Lessee shall pay to Lessors the sum of Twenty-Four Thousand ($24,000.00) dollars per year for the first year of the term of this Lease, payable in twelve equal monthly installments, in the sum of Two Thousand ($2,000.00) Dollars, with the first payment being due on the 1st day of July, 1994, a like payment being due on the 1st day of each succeeding month thereafter. Thereafter, the annual rent shall increase in accordance with the total increase of the Consumer Price Index, that is designated all items, for the previous year. And said annual rent shall be paid in twelve (12) equal monthly installments, under the same terms and conditions set forth above.
3. Lessee covenants and ...
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