|   | 1. | 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 theServices. |
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|   | 2. | 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. | Patriot      shall supply a desk and chairs together with internet access located      within the office. |
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|   | 4. | 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. | 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. | 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. | Any      notices shall be given as follows: |
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|   | Copy      to: | Lawrence      Rutstein |
|--------|---------------|------------------------|

|   | 8. | This      Agreement shall not be amended or modified except in writing and Agreed      by both parties hereto. |
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| Patriot      Rail Corp |
|------------------------|
|                   |   |
| By:                    | /s/ Gary O. Marino |
|                   | Gary      O. Marino |
| Its:                   | President      and CEO |
|                   |   |
| B.H.I.T.      Inc.     |
|                   |   |
| By:                    | /s/ Lawrence Rutstein |
|                   | Lawrence      Rutstein |
| Its:                   | VP      Administration |

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