Attached files
file | filename |
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10-K - Broad Street Realty, Inc. | v216867_10k.htm |
EX-32 - Broad Street Realty, Inc. | v216867_ex32.htm |
EX-3.1 - Broad Street Realty, Inc. | v216867_ex3-1.htm |
EX-31.1 - Broad Street Realty, Inc. | v216867_ex31-1.htm |
EX-31.2 - Broad Street Realty, Inc. | v216867_ex31-2.htm |
EX-10.10 - Broad Street Realty, Inc. | v216867_ex10-10.htm |
Exhibit 10.9
AGREEMENT FOR USE OF OFFICE
AND ADMINISTRATIVE SERVICES
This Agreement, entered into this 4th day of September, 2009 by and between Patriot Rail Corp. (“Patriot”) and BHIT, Inc. a Delaware Corporation (“BHIT”).
Whereas: Patriot currently is a Subtenant of Suite 342W. (the “Suite”), at 2255 Glades Road, Boca Raton, FL pursuant to a Sublease Agreement, and
Whereas: Patriot has available offices with the Suite and BHIT desires to use such offices in the Suite on a month to month basis, and
Whereas: Patriot has administrative services available with the Suite including secretarial, receptionist, telephone answering services, coffee service and the like, (“Services”), and BHIT desires to use such services on a month to month basis, and
Whereas: The parties desire to set forth the terms of the relationship in this Agreement.
Now, therefore, the parties, intending to be legally bound, hereby agree as follows:
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1.
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Patriot shall permit BHIT full or partial use of two offices in the Suite which have been shown to it and Patriot shall allow BHIT to use the Services on a month to month basis beginning September 4, 2009. The offices are currently designated for the Controller of B.H.I.T. Inc. on a full time basis and for the Vice President of B.H.I.T. Inc. on a part time basis. BHIT agrees that only its designated personnel shall be permitted to use such office and the Services.
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2.
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The monthly fee for such office use if Five Thousand ($5000.00) dollars payable in advance and due no later than the fifth day of each month.
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3.
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Patriot shall supply a desk and chairs together with internet access located within the office.
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4.
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Either party shall have the right to terminate this agreement for any reason upon thirty (30) days prior written notice to the other.
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5.
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BHIT shall pay the first month’s fee of $5000.00 at the time of the execution of this Agreement.
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6.
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BHIT agrees to follow the rules and regulations of the building and any additional reasonable rules set forth during the term of the Agreement.
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7.
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Any notices shall be given as follows:
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To Patriot Rail Corp:
Gary O. Marino, CEO
Patriot Rail Corp.
2255 Glades Road, Suite 342W
Boca Raton, FL 33431
To B.H.I.T., Inc.:
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Copy to:
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Lawrence Rutstein
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VP-Administration
B.H.I.T., Inc.
2255 Glades Road, Suite 342W
Boca Raton, FL 33431
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8.
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This Agreement shall not be amended or modified except in writing and Agreed by both parties hereto.
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In witness whereof, the parties have caused this Agreement to be executed effective as of the day and year first above written.
Patriot Rail Corp
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By:
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/s/ Gary O. Marino
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Gary O. Marino
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Its:
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President and CEO
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B.H.I.T. Inc.
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By:
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/s/ Lawrence Rutstein
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Lawrence Rutstein
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Its:
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VP Administration
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