Exhibit 10.1
THE FOURTH AMENDMENT TO LEASE AGREEMENT
     THE FOURTH AMENDMENT TO LEASE AGREEMENT (this “Amendment”) is made and entered into this 1stof April 2004, by and between **Flake & Kelley Management, Inc. Agent for Owner**, (“Landlord”) and**D.A.C. Technologies**, (“Tenant”).
RECITALS:
 A.  Landlord and Tenant heretofore entered into that certain Lease Agreement (the“**Original Lease**”) dated January 14, 1999, covering certain premises containingapproximately 5,405 square feet, located at 1601 Westpark Drive, Little Rock, Arkansas, asmore particularly described in the Lease, at the rental and upon the terms and conditionsset forth therein. The Original Lease was modified by that certain First Amendment toLease Agreement dated February 12, 2001, made and entered into by and between Landlord andTenant extending the lease term through January 31, 2002. The original lease was modifiedby that certain Second Amendment to Lease Agreement dated February 18, 2002 made andentered into by and between Landlord and Tenant extending the lease term through January31, 2003. The original lease was modified by that certain Third Amendment to LeaseAgreement dated Match 25, 2003 made and entered into by and between Landlord and Tenantextending the lease term through January 31, 2004. The Original Lease, as modified by theAmendments, is hereinafter referred to collectively as the “**Lease**”.  B.  Landlord and Tenant desire to extend and amend the lease in the manner set forthbelow.
     **NOW, THEREFORE**, for and in consideration of the premises, the mutual covenants andagreements herein contained, and other good and valuable consideration, the receipt and sufficiencyof which are hereby acknowledged and confessed by each of the parties hereto, Landlord and Tenanthereby agree to extend and amend the Lease as follows:
AGREEMENTS:
 **1.**  **Lease in Full Force**. All of the terms, covenants, provisions and agreementscontained in the Lease, including without limitation, any exhibits and addenda thereto,shall be and remain in full force and effect except as the same are extended and amendedby this Amendment.  **2.**  **Leased Premises**. Effective May 1, 2004 the leased premises shall be modifiedfrom Suite 4C to Suites lB and Suite 2 consisting of approximately 16,610 square feet asoutlined on the attached Exhibit “A’.  **3.**  **Lease Term**. Commencing on the Commencement Date and continuing until April30. 2005.  **4.**  **Monthly Rent**. The monthly rental shall be amended effective May 1, 2004 to$5,536.67 per mouth.  **5.**  **Renewal Qption**. In addition, if no default shall have occurred and becontinuing hereunder, Owner grants Tenant an option to extend said lease herein for two(2) additional terms of one (1) year. The option terms shall be exercised by Tenantsending
 

 

    notice to Owner not less than ninety (90) days prior to expiration of the lease term. Themonthly rental during the each option term shall be $6,436.38.  **6.**  **Remodel Expense**. Tenant, at Tenant’s expense will construct four or fiveoffices in the office area of the leased premises. Tenant, at Tenant’s expense willreplace the carpet in the office area of the leased premises. Tenant shall provide toLandlord a copy of the invoices from the contractors for the work completed along withevidence of payment made to the contractors.  **7.**  **Agency Disclosure**. Flake and Kelley Management, Inc is the Agent for theownership entity. John Flake and Hank Kelley are principals of Flake and KelleyManagement, Inc. and the ownership entity.
     IN WITNESS WHEREOF, Landlord and Tenant have executed this amendment on the duties shown belowtheir signatures.   **LANDLORD:** **Flake and Kelley Management, Inc. Agent for Owner**By: /s/Title: PresidentDate: 4/3/04   **TENANT:** **D.A.C. Technologies**By: /s/ Bob Goodwin, CFOTitle: CFODate: 4/1/04