|   | 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 the Services. |
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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 |
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|   | 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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