**Exhibit 10.1****LEASE AGREEMENT**THIS LEASE AGREEMENT (sometimes referred to as “Lease”) is made and entered into as ofthis                    day of December, 2006, between 10600 COLONEL GLENN, LLC, hereafter referred toas“Landlord” and DAC TECHNOLOGIES GROUP INTERNATIONAL, INC, a Florida Corporation, hereafter collectively referred to as “Tenant”:*W IT N E S S E T H:*     1. LEASED PREMISES: In consideration of the rents, terms, provisions, and covenants ofthis Lease, Landlord hereby leases, lets and demises to Tenant Suite 6200 (referred to as“leased premises” or “premises” and containingapproximately 7,447 rentable gross squarefeet) at Bowman Plaza II located at 12120 Colonel GlennRoad, Little Rock, Arkansas72210 (sometimes referred to as “the building” or “the project”), as outlined on the attachedExhibit “A”, Leased Premises. The statement of square footage contained in this Lease is made forreference purposes only and is not a part of this agreement. Tenant states that it is not relyingon any Landlord representations relating to square foot measurements.     2. TERM: Subject to and upon the conditions set forth below, the term of this Lease shallcommence on February 1, 2007, (the “commencement date”) and shall terminate on January31, 2011. After the immediate occupancy of Tenant’s second premises on Colonel Glenn andShackleford, if said date is different than previously stated above, Tenant and Landlord agree toestablish a new commencement date but such date shall not exceed sixty (60) days afterFebruary 1, 2007. The Lease Agreement shall terminate at midnight forty-eight (48) monthsafter the established commencement date. Upon 60 days prior written notice to Landlord, Tenantshall have the option to extend this Lease for one (1) additional period of forty-eight (48)months each.     3. RENT: (a) Tenant agrees to pay, as monthly rental during the term of this Lease, the sumof Six Thousand Six Hundred Ninety-Six and 09/100, ($6,696.09) per month, alongwith Tenant’s Share of the Operating Expenses referenced in subparagraph 3(g), which amount shallbe payable to Landlord at the address shown below on the first day of each month withoutabatement, deduction or setoff. One monthly installment of rent shall be due and payable on thedate of execution of this Lease by Tenant for the first month’s rent and a like monthlyinstallment shall be due and payable on or before the first day of each calendar month succeedingthe commencement date during the demised term; provided, that if the commencement date should be adate other than the first day of a calendar month, the monthly rental set forth above shall beprorated to the end of that calendar month, and all succeeding installments of rent shall bepayable on or before the first day of each succeeding calendar month during the demised term.Tenant shall pay, as additional rental, all other sums due under this Lease.     (b) The monthly rental installments provided hereinabove shall be increased annually,effective January 1, 2009, and thereafter on January 1 of each calendar year including anyextension options thereafter, by an amount equal to Three percent (3%) of the rental ineffect for the immediate preceding year. The monthly rental in any calendar year may be determinedas follows: preceding year’s monthly rental multiplied by1.03 and rounded to the nearest dollar.If the commencement date of the term of this Lease, as above set forth, shall be on a date otherthan January 1, 2008 the three percent (3%) rental adjustment in the first calendar yearfollowing the commencement date shall be prorated by a fraction, the numerator of which is theremaining number of days in the year following the commencement date and the denominator is threehundred sixty-five (365).     (c) On the date of execution of this Lease by Tenant, there shall be due and payable byTenant a security deposit (“Security Deposit”) in an amount equal to one monthly rentalinstallment to be held for the performance by Tenant of Tenant’s covenants and obligations underthis Lease, it being
 

 
expressly understood that the deposit shall not be considered an advance payment of rental ora measure of Landlord’s damage in case of default by Tenant. Upon the occurrence of any event ofdefault by Tenant or breach by Tenant of Tenant’s covenants under this Lease, Landlord may, fromtime to time, without prejudice to any other remedy, use the security deposit to the extentnecessary to make good any arrears of rent and/or any damage, injury, expense or liability causedto Landlord by the event of default or breach of covenant, any remaining balance of the securitydeposit to be returned by Landlord to Tenant upon termination of this Lease. If Landlord so usesany portion of the Security Deposit, then Tenant will restore the Security Deposit to its originalamount within five (5) days after written demand from Landlord. Landlord will not be required tokeep the Security Deposit separate from its own funds and Tenant will not be entitled to intereston the Security Deposit.     (d) If any increase in the property and casualty/public liability insurance premiums paid byLandlord for the building in which Tenant occupies space is caused by Tenant’s use and occupancyof the leased premises, or if Tenant vacates the leased premises and causes an increase in suchpremiums, then Tenant shall pay as additional rental the amount of such increase to Landlord.     (e) Other remedies for nonpayment of rent notwithstanding, if the monthly rental payment isnot received by Landlord on or before the tenth (10th) day of the month for which rent is due, orif any other payment due Landlord by Tenant is not received by Landlord on or before the tenth(10th) day of the month next following the month in which Tenant was invoiced, Landlordwill incur unanticipated costs, the exact amount of which are impractical or extremely difficultto ascertain, and a service charge of ten percent (10%) of such past due amount or ten dollars($10.00) per day for each day such amount remains past due, whichever is greater, shall become dueand payable in addition to such amounts owed under this Lease. Any installment of rent oradditional rental as defined herein which is not paid on or before the tenth (10th) day of themonth for which rent is due shall also bear interest at the highest rate permitted by law from thedue date until paid.     (f) The term “Operating Expenses” as used in this Lease includes all expenses incurred withrespect to the maintenance and operation of the building project of which the leased premises area part, including, but not limited to, maintenance, repair, replacement costs, sewer, trash,security, landscaping grounds maintenance, termite/pest control, inspections, management fees,wages and fringe benefits payable to employees of Landlord whose duties are connected with theoperation and maintenance of the building and/or project, all services, supplies, repairs,replacements or other expenses for maintaining and operating the building and/or project includingcommon area and parking area maintenance. The term “Operating Expenses” also includes all realproperty taxes, whether assessed or incurred, and installments of special assessments, includingspecial assessments due to deed restrictions and/or owners’ associations, which accrue against thebuilding and/or project of which the leased premises are a part during the term of this Lease aswell as all insurance premiums Landlord is required to pay or deems necessary to pay, includingpublic liability insurance and property and casualty insurance, with respect to the buildingand/or project; and any improvements made to the building and/or project as a result of current orfuture governmental requirements, including without limitation, Americans with Disabilities Act,lead-based paint requirements, et al. The term “Operating Expenses” shall not include repairs,restoration or other work occasioned by fire, windstorm or other casualty, to the extent ofLandlord’s insurance, income and franchise taxes of Landlord, expenses incurred in leasing to orprocuring of tenants, leasing commissions, expenses for the renovating of space for new tenants,interest or principal payments on any mortgage or other indebtedness of Landlord, compensationpaid to any employee of Landlord above the grade of building superintendent nor any depreciationallowance or expense.     (g) Tenant agrees to pay Landlord Six and Seventy-Four Hundredths percent(6.74%) of all Operating Expenses as estimated by Landlord for the ensuing period(“Tenant’s Share of the Operating Expenses”). Tenant’s Share of the Operating Expenses for orduring the term hereof, as determined by Landlord shall be paid in monthly installments on orbefore the first day of each calendar month in advance, in an amount estimated by Landlord (theamount of the first such estimate being One Thousand Sixty-One and 19/100 Dollars$1,061.19 per month). Within a reasonable period after the end of the year, Landlord
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shall furnish Tenant with a written statement in reasonable detail of the actual OperatingExpenses and the amount of Tenant’s Share thereof for the preceding calendar year. Within (15)days after receipt of such statement by Tenant, Tenant shall pay to Landlord any deficiency duethe Landlord. Any surplus paid by the Tenant shall be credited against the next monthlyinstallment(s) of Tenant’s Share of Operating Expenses.     For the calendar years in which this Lease commences and terminates, Tenant’s liability forTenant’s Share of Operating Expenses shall be subject to a pro rata adjustment based upon thenumber of days of said calendar year during which the term of this Lease is in effect.     4. SIGNS: Tenant shall have the right to erect one sign in good taste only on the front faceof the Tenant’s premises in the building, (or such other location as may be designated byLandlord) subject to all applicable laws, deed restrictions and regulations. Within fifteen (15)days of the commencement date, Tenant shall provide to Landlord a computer-generated sign mock-upprepared by a bona fide sign contractor which clearly indicates all sign specifications, includingbut not limited to, size, design, color(s), composition of material(s), and method of attachmentto the building. Upon Landlord’s written approval of the same, Tenant shall cause such signage tobe erected within forty-five (45) days of receipt of such approval by Landlord. The compositionand location of such sign shall be: (a) in compliance with all municipal, city, and state codes,(b) installed by a licensed contractor, and (c) subject to prior written approval of Landlord forthe purposes of maintaining architectural continuity and quality of design. No signs or otherobjects shall be erected which are attached to the roof of the building and no signs shall beattached to the building or canopy at right angles suspended by guy wires, but shall be attachedflush in a safe and secure manner. All such signs erected shall advertise Tenant’s business onlyand no revenue producing advertising shall be erected on the leased premises without specificwritten permission of Landlord. Tenant shall not paint any signs directly on the walls of thebuilding or otherwise deface, damage or overload the building. Tenant shall have the right toplace lettering upon the entrance door(s) or upon the plate glass windows contiguous to theentrance door(s) of the leased premises; provided, however, that the lettering shall not exceedsix inches in height and shall be subject to the prior approval of Landlord. No other signs(mobile or stationary) shall be displayed on the leased premises without the prior written consentof Landlord. Tenant shall remove all signs at the termination of this Lease at Tenant’s sole riskand expense and shall in a workmanlike manner properly repair any damage and close any holescaused by the removal of Tenant’s signs.     5. USAGE: Tenant warrants and represents to Landlord that the leased premises shall be usedand occupied only for the purposes of general office use and no other purpose. Tenantshall occupy the leased premises, conduct its business and control its agents, employees, inviteesand visitors in such a way as is lawful, reputable and will not create any nuisance or otherwiseinterfere with, annoy or disturb any other tenant in its normal business operations or Landlord inits management of the building. Tenant shall not commit, or suffer to be committed, any waste onthe leased premises.     6. INSURANCE: Tenant shall not permit the leased premises to be used in any way which would,in the opinion of Landlord, be extra hazardous on account of fire or otherwise which would in anyway increase or render void the fire insurance on leasehold improvements or contents in thebuilding belonging to other tenants in the building. If at any time during the term of this Leasethe State Board of Insurance or other insurance authority disallows any of Landlord’s sprinklercredits or imposes an additional penalty or surcharge in Landlord’s insurance premiums because ofTenant’s original or subsequent placement or use of storage racks or bins, method of storage ornature of Tenant’s inventory or any other act of Tenant, Tenant agrees to pay as additional rentalthe increase (between fire walls) in Landlord’s insurance premiums. Tenant shall, during theentire term hereof, keep in full force and effect a policy of public liability and property damageinsurance with respect to the leased premises, and the business operated by Tenant and anyassignees or subtenants of Tenant in the premises in which the limits of public liability forpersonal and bodily injury shall be not less than $1,000,000 single limit and in which theproperty damage liability shall be not less than $100,000. The policy shall name both Landlord andTenant as insureds, and shall contain a clause that the insurer will not cancel or change theinsurance
 

 
without first giving the Landlord thirty (30) days prior written notice. The insurance shall becarried with companies reasonably satisfactory to Landlord and a copy of the policy or acertificate of insurance shall be delivered to Landlord. Tenant acknowledges that it is solelyresponsible for maintaining insurance on its personal property, fixtures, improvements andalterations, now or hereinafter made to the leased premises or the building.     7. UTILITY SERVICE: Landlord shall provide the normal utility service connections into theleased premises. Tenant shall pay the cost of all utility services, including, but not limited to,initial connection charges, all charges for gas, water and electricity used on the leasedpremises, and for all electric light lamps or tubes. However, in a multi-occupancy building,Landlord may provide water to the leased premises, in which case Tenant agrees to pay to LandlordTenant’s Share of the cost of such water unless Tenant’s usage of the leased premises exceedsnormal domestic water consumption, in which event the cost shall be estimated as appropriate forsuch excess consumption. Tenant shall pay all costs caused by Tenant introducing excessivepollutants or solids other than ordinary human waste into the sanitary sewer system, includingpermits, fees and charges levied by any governmental subdivision for any such pollutants orsolids. Tenant shall be responsible for the installation and maintenance of any dilution tanks,holding tanks, settling tanks, sewer sampling devices, sand traps, grease traps or similar devicesas may be required by any governmental subdivision for Tenant’s use of the sanitary sewer system.If the leased premises are in a multi-occupancy building, Tenant shall pay all surcharges levieddue to Tenant’s use of sanitary sewer or waste removal services insofar as such surcharges affectLandlord or other tenants in the building. Landlord shall not be required to pay for any utilityservices, supplies or upkeep in connection with the leased premises. However, in the event theutilities are not separated to the Premises, the Landlord shall pay utility expense and Tenantshall reimburse Landlord for its pro rata share, which is equal to 73.75% of the total 10,097 RSFspace. If the downstairs 2,650 RSF space is leased, the pro rate share shall be adjustedaccordingly.     8. RELOCATION: In the event Landlord determines to utilize the leased premises for otherpurposes during the term of this Lease, Tenant agrees to relocate to other space in the buildingand/or project designated by Landlord, provided such other space is of equal or larger size thanthe leased premises. Landlord shall pay all out-of-pocket expenses of any such relocation,including the expenses of moving and reconstruction of all Tenant furnished and Landlord furnishedimprovements. In the event of such relocation, this Lease shall continue in full force and effectwithout any change in the terms or other conditions, but with the new location substituted for theold location set forth in paragraph 1 of this Lease.     9. REPAIRS AND MAINTENANCE: (a) Unless otherwise expressly provided, Landlord shall not berequired to make any improvements, replacement or repairs of any kind or character to the leasedpremises during the term of this Lease except such repairs as are set forth in this subparagraph.Landlord shall maintain only the lawn and other landscaping, exterior painting, the roof, anymechanical equipment which does not exclusively serve the Premises, any utility lines which areconcealed or which are not located within and exclusively serve the Premises, HVAC replacement,foundation, parking areas, and the structural soundness of the exterior walls (excluding allwindows, window glass, plate glass and all doors) of the building in good repair and conditionexcept for acts of God, other casualties and reasonable wear and tear. Landlord’s cost ofmaintaining the items set forth in this subparagraph shall be included in Operating Expensesdescribed in Section 3. Tenant shall repair and pay for any damage caused by the negligence ordefault of Tenant or Tenant’s agents and employees. Tenant shall immediately give written noticeto Landlord of the need for repairs, which repairs shall be made by Landlord beginning not morethan fifteen (15) days after written notice by Tenant. All requests for repairs or maintenancethat are the responsibility of Landlord pursuant to any provision of this Lease must be made inwriting to Landlord at the address set forth below.     (b) Tenant shall, at its own cost and expense, maintain the leased premises in good repairandcondition (including all necessary replacements). Tenant shall take good care of all the propertyand its fixtures. Should Tenant neglect to keep and maintain the leased premises, then Landlordshall have the
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right, but not the obligation, to have the work done and the cost therefor shall be charged toTenant as additional rental which shall become payable by Tenant with the payment of the rentalnext due hereunder.     (c) Tenant shall not allow any damage to be committed on any portion of the leased premises,and at the termination of this Lease, by lapse of time or otherwise, Tenant shall deliver theleased premises to Landlord in good condition as existed at the commencement date or completiondate of this Lease, ordinary wear and tear excepted. The cost and expense of any repairs necessaryto restore the condition of the leased premises shall be borne by Tenant, and if Landlordundertakes to restore the leased premises it shall have a right of reimbursement against Tenant.     (d) Landlord shall not be liable to Tenant, except as expressly provided in this Lease, forany damage, interruption of Tenant’s business or inconvenience, and Tenant shall not be entitledto any abatement or reduction of rent by reason of any repairs, alterations or additions made byLandlord under this Lease.     10. COMPLIANCE WITH LAWS, RULES AND REGULATIONS: Tenant, at Tenant’s expense, shall complywith all laws, ordinances, orders, rules and regulations of state, federal, municipal or otheragencies or bodies having jurisdiction relating to the use, condition and occupancy of the leasedpremises. Tenant will comply with the rules of the building and/or project adopted by Landlordwhich are set forth on Exhibit “B”, Rules and Regulations, attached to this Lease and made a parthereof. Landlord shall have the right at all times to change the rules and regulations of thebuilding or to amend them in any reasonable manner as may be deemed advisable for the safety, careand cleanliness, and for the preservation of good order, of theleased premises. All changes andamendments in the rules and regulations of the building will be sent by Landlord to Tenant inwriting and shall thereafter be carried out and observed by Tenant.     11. LANDLORD IMPROVEMENTS: If construction or repairs to the leased premises are to beperformed by Landlord prior to Tenant’s occupancy, Landlord will, at its expense, commence and/orcomplete the construction of the improvements constituting the leased premises, includingpartitions, in accordance with the plans and specifications agreed to by the parties and made apart of this Lease as the attached Exhibit “C”, Landlord Improvements. The plans andspecifications shall be approved and signed by the parties prior to the commencement ofconstruction. Any changes or modifications to the approved plans and specifications shall be madeand accepted by written change order signed by Landlord and Tenant and shall constitute anamendment to this Lease. Upon completion of the building and other improvements in accordance withthe plans and specifications, Tenant agrees to execute and deliver promptly to Landlord a letteraccepting delivery of the leased premises. In addition, Landlord shall turn over all mechanicalequipment in good working order. Landlord shall deliver and Tenant accepts the condition of thepremises in its present “as is” condition as of the commencement date. In such case, Tenantacknowledges that it has been provided access and ample opportunity to inspect the premises andits existing systems and is not relying upon any warranty or representation of the Landlord or itsagents regarding the condition, adequacy or suitability of the same.     12. ALTERATIONS AND IMPROVEMENTS: Tenant shall not make or allow to be made any alterationsor physical additions in or to the leased premises without first obtaining the written consent ofLandlord. Any alterations, physical additions or improvements to the leased premises made byTenant shall at once become the property of Landlord and shall be surrendered to Landlord upon thetermination of this Lease. Landlord, at its option, may require Tenant to remove any physicaladditions and/or repair any alterations in order to restore the leased premises to the conditionexisting at the time Tenant took possession, all costs of removal and/or alterations to be borneby Tenant. This clause shall not apply to moveable equipment or furniture owned by Tenant whichmay be removed by Tenant at the end of the term of this Lease if Tenant is not then in default andif such equipment and furniture is not then subject to any other rights, liens and interests ofLandlord. Tenant further agrees to construct any alterations or physical additions in strictcompliance with all applicable laws, rules, regulations, codes, and ordinances now or
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hereafter in effect, including without limitations, the Americans with Disabilities Act andlead-base paint requirements.     13. CONDEMNATION: (a) If, during the term (or any extension or renewal) of this Lease,all or a substantial part of the leased premises are taken for any public or quasi-public useunder anygovernmental law, ordinance or regulation, or by right of eminent domain or by purchase inlieu thereof,and the taking would prevent or materially interfere with the use of the leased premises forthe purpose forwhich they are then being used, this Lease shall terminate and the rent shall be abatedduring the unexpiredportion of this Lease effective on the date physical possession is taken by the condemningauthority. Tenantshall have no claim to the condemnation award, less and except any separate award madedirectly to Tenantas compensation for the Tenant’s leasehold interest.     (b) In the event a portion of the leased premises shall be taken for any public orquasi-publicuse under any governmental law, ordinance or regulation, or by right of eminent domain or bypurchase in lieu thereof, and this Lease is not terminated as provided in subparagraph (a) above,Landlord may, at Landlord’s sole risk and expense, restore and reconstruct the building and otherimprovements on the leased premises to the extent necessary to make it reasonably tenantable. Therent payable under this Lease during the unexpired portion of the term shall be adjusted to suchan extent as may be fair and reasonable under the circumstances. Tenant shall have no claim to thecondemnation award, less and except any separate award made directly to Tenant as compensation forthe Tenant’s leasehold interest.     14. FIRE AND CASUALTY: (a) If the leased premises should be totally destroyed by fireor other casualty, or if the leased premises should be so damaged so that rebuilding cannotreasonably becompleted within one hundred twenty (120) working days after the date of written notificationby Tenant toLandlord of the destruction, this Lease shall terminate and the rent shall be abated for theunexpired portionof the Lease, effective as of the date set forth in the written notification, provided theLandlord’s lenderdoes not elect to apply any proceeds from insurance claims to any indebtedness secured by theProperty.     (b) Provided the Landlord’s lender does not elect to apply any proceeds from insuranceclaims to any indebtedness secured by the Property, if the leased premises should be partiallydamaged by fire or other casualty, and rebuilding or repairs can reasonably be completed withinone hundred twenty (120) working days from the date of written notification by Tenant to Landlordof the destruction, this Lease shall not terminate, but Landlord may at its sole risk and expenseproceed with reasonable diligence to rebuild or repair the building or other improvements tosubstantially the same condition in which they existed prior to the damage. If the leased premisesare to be rebuilt or repaired and are untenantable in whole or in part following the damage, andthe damage or destruction was not caused or contributed to by act or negligence of Tenant, itsagents, employees, invitees or those for whom Tenant is responsible, the rent payable under thisLease during the period for which the leased premises are untenantable shall be adjusted to suchan extent as may be fair and reasonable under the circumstances. In the event that Landlord failsto complete substantially the necessary repairs or rebuilding within one hundred twenty (120)working days from the date of written notification by Tenant to Landlord of the destruction,Tenant may at its option terminate this Lease by delivering written notice of termination toLandlord, whereupon all rights and obligations under this Lease shall cease to exist as of theeffective date of such termination.     15. PROPERTY INSURANCE: Landlord shall at all times during the term of this Leasemaintain a policy or policies of insurance with the premiums paid in advance, issued by andbinding uponsome solvent insurance company, insuring the building against all risk of direct physicalloss in an amountequal to ninety percent (90%) of the full replacement cost of the building structure and itsimprovements asof the date of the loss; provided, that Landlord shall not be obligated in any way or mannerto insure anypersonal property (including, but not limited to, any furniture, machinery, goods orsupplies) of Tenant orwhich Tenant may have upon or within the leased premises or any fixtures installed by or paidfor byTenant upon or within the leased premises or any additional improvements or alterations whichTenant mayconstruct on the leased premises. The cost of such insurance shall be an Operating Expensedescribed inSection 3.
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     16. WAIVER OF SUBROGATION: Anything in this Lease to the contrary notwithstanding,Landlord and Tenant hereby waive and release each other of and from any and all rights of recovery,claim, action or cause of action, against each other, their agents, officers and employees, for anyloss or damage that may occur to the leased premises, improvements to the building of which theleased premises are a part, or personal property (building contents) within the building, by reasonof fire or the elements regardless of cause or origin, including negligence of Landlord or Tenantand their agents, officers and employees. Because this paragraph will preclude the assignment ofany claim mentioned in it by way of subrogation or otherwise to an insurance company or any otherperson, each party to this Lease agrees immediately to give to each insurance company which hasissued to it policies of insurance covering all risk of direct physical loss, written notice of theterms of the mutual waivers contained in this paragraph, and to have the insurance policiesproperly endorsed, if necessary, to prevent the invalidation of the insurance coverages by reasonof the mutual waivers contained in this paragraph.     17. HOLD HARMLESS: Landlord and Landlord’s agents, employees, invitees and assigns shall notbe liable to Tenant’s employees, agents, invitees, licensees or visitors, or to any other person,for any injury to person or damage to property on or about the leased premises, caused by anyother tenant of Landlord, caused by the building and improvements located on the leased premises,or by any other reason whatsoever, less and except any such injury or damage caused by Landlord’sgross negligence or willful misconduct, or that of Landlord’s employees or agents. Tenant agreesto indemnify and hold harmless Landlord of and from any loss, damage, claim, attorney’s fees,expenses or claims arising out of any such damage or injury.     18. QUIET ENJOYMENT: Landlord warrants that it has full right to execute and to perform thisLease and to grant the estate demised and that Tenant, upon payment of the required rents andperforming the terms, conditions, covenants and agreements contained in this Lease, shallpeaceably and quietly have, hold and enjoy the leased premises during the full term of this Leaseas well as any extension or renewal thereof. Landlord shall not be responsible for the acts oromissions of any other Tenant or third party that may interfere with Tenant’s use and enjoyment ofthe leased premises, nor shall Landlord have any responsibility for the personal security of anypersons on or about the premises, the building and/or project.     19. LANDLORD’S RIGHT OF ENTRY: Landlord shall have the right, at all reasonable hours, or asotherwise agreed in advance by the parties, to enter the leased premises for the followingreasons: inspection; cleaning or making repairs; making alterations or additions as Landlord maydeem necessary or desirable; determining Tenant’s use of the leased premises, or determining if anact of default under this Lease has occurred.     20. ASSIGNMENT OR SUBLEASE: Landlord shall have the right to transfer and assign, in whole orin part, its rights and obligations in the building and property that are the subject of thisLease. Without Landlord’s prior written consent, which shall not be unreasonably withheld ordelayed, Tenant will neither assign this Lease in whole or in part nor sublease all or part of thePremises. If Tenant requests Landlord to consent to a specific assignment or sublease, Tenant willgive Landlord (i) the name and address of the proposed assignee or subtenant; (ii) a copy of theproposed assignment or sublease; (iii) reasonably satisfactory information about the nature,business and business history of the assignee or subtenant and its proposed use of the Premises;and (iv) banking, financial or other credit information, and references, about the proposedassignee or subtenant sufficient to enable the Landlord to determine the financial responsibilityand character of the proposed assignee or subtenant. Landlord’s consent to an assignment orsublease will not be effective until: a fully executed copy of the instrument of assignment orsublease has been delivered to the Landlord; in the case of an assignment, Landlord has received awritten instrument in which assignee has assumed and agreed to perform all Tenant’s obligations inthis Lease; and a Five Hundred Dollar ($500) transfer fee. Landlord’s consent to an Assignment orSublease will not release the Tenant from the payment and performance of its obligations in theLease, but rather, Tenant and its assignee will be jointly and severally primarily liable for suchpayment and performance.
 

 
For purposes of this Lease, the following transactions will also constitute an assignmentwhich shall require the Landlord’s prior written consent: (a) Assignment by operation of law;  (b) An imposition (whether or not consensual) of a lien, mortgage or encumbranceupon Tenant’s interest in this Lease;  (c) An arrangement (including without limitation management agreements,concessions, and licensees) that allows the use and occupancy of all or part of thePremises by anyone other than Tenant;  (d) A transfer of voting control of Tenant, if Tenant is a corporation.  (e) A transfer of more than 33 1/3% of the interest in Tenant, if Tenant is apartnership or a limited liability company.An assignment or sublease without Landlord’s prior written consent will be void at Landlord’soption. Landlord’s consent to an assignment or sublease will not waive the requirement of itsconsent to any subsequent assignment or sublease. If Tenant believes that Landlord hasunreasonably withheld its consent, Tenant’s sole remedy will be to seek a declaratory judgmentthat Landlord has unreasonably withheld its consent in order of specific performance or mandatoryinjunction of Landlord’s agreement to give its consent. Any collection directly by Landlord fromthe assignee or subtenant shall not be construed to constitute a novation or a release of Tenantfrom the further performance of its obligations under this Lease. Tenant agrees to reimburseLandlord for Landlord’s reasonable attorneys’ fees and costs incurred in connection with theprocessing and documentation of any request made pursuant to this paragraph. Notwithstanding thegiving by Landlord of its consent to any assignment or sublease with respect to the premises, nosuch assignee or subTenant may exercise any expansion option, right of first refusal option, orextension option under this Lease except in accordance with a separate written agreement enteredinto directly between such assignee or sub Tenant and Landlord, and, absent Landlord’s writtenagreement to the contrary, all option rights of Tenant, and all lease rights of Tenant createdpursuant to the exercise of any option rights, with respect to any space so assigned or subleased,shall be extinguished.     21. LANDLORD’S LIEN: As security for payment of rent, damages and all other payments requiredto be made by this Lease, Tenant hereby grants to Landlord a lien upon all property of Tenant nowor subsequently located upon the leased premises; said lien shall be second in nature to Tenantsprimary lien with One Bank. If Tenant abandons or vacates any substantial portion of the leasedpremises or is in default in the payment of any rentals, damages or other payments required to bemade by this Lease or is in default of any other provision of this Lease, Landlord may enter uponthe leased premises, by picking or changing locks if necessary, and take possession of all or anypart of the personal property, and may sell all or any part of the personal property at a public orprivate sale, in one or successive sales, with or without notice, to the highest bidder for cash,and, on behalf of Tenant, sell and convey all or part of the personal property to the highestbidder, delivering to the highest bidder all of Tenant’s title and interest in the personalproperty sold to him. The proceeds of the sale of the personal property shall be applied byLandlord toward the reasonable costs and expenses of the sale, including attorney’s fees, and thentoward the payment of all sums then due by Tenant to Landlord under the terms of this Lease; anyexcess remaining shall be paid to Tenant or any other person entitled thereto by law.     22. UNIFORM COMMERCIAL CODE: This Lease is intended as and constitutes a security agreementwithin the meaning of the Uniform Commercial Code of the state in which the leased premises aresituated and, Landlord, in addition to the rights prescribed in this Lease, shall have all of therights, titles, liens and interests in and to Tenant’s property now or hereafter located upon theleased premises which are granted a secured party, as that term is defined, under the UniformCommercial Code to secure the payment to Landlord of the various amounts provided in this Lease.Tenant will on request execute and deliver to Landlord a financing statement for the purpose ofperfecting Landlord’s security interest under this Lease or Landlord may file this Lease or a copythereof as a financing statement.
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     23. DEFAULT BY TENANT: The following shall be deemed to be events of default by Tenant underthis Lease: (a) Tenant shall fail to pay when due any installment of rent or any otherpayment required pursuant to this Lease;  (b) Tenant shall abandon any substantial portion of the leased premises;  (c) Tenant shall fail to comply with any term, provision or covenant of thisLease, other than the payment of rent, and the failure is not cured within thirty (30)days after written notice to Tenant;  (d) Tenant shall file a petition or be adjudged bankrupt or insolvent under thefederal Bankruptcy Code, as amended, or any similar law or statute of the UnitedStates or any state; or a receiver or trustee shall be appointed for all orsubstantially all of the assets of Tenant; or Tenant shall make a transfer in fraud ofcreditors or shall make an assignment for the benefit of creditors; or  (e) Tenant shall do or permit to be done any act which results in a lien beingfiled against the leased premises or the building and/or project of which the leasedpremises are a part.     24. REMEDIES FOR TENANT’S DEFAULT: Upon the occurrence of any event of default set forth inthis Lease in addition to any other remedy available law, Landlord shall have the option to pursueany one or more of the following remedies without any notice or demand:     (a) Terminate this Lease, in which event Tenant shall immediately surrender the leasedpremises to Landlord, and if Tenant fails to surrender the leased premises, Landlord may, withoutprejudice to any other remedy which it may have for possession or arrearages in rent, enter uponand take possession of the leased premises, by picking or changing locks if necessary, and lockout, expel, or remove Tenant and any other person who may be occupying all or any part of theleased premises without being liable for prosecution of any claim for damages. Tenant agrees topay on demand the amount of loss and damage which Landlord may suffer by reason of the terminationof the Lease under this subparagraph, whether through inability in reletting the leased premises onsatisfactory terms or otherwise.     (b) Enter upon and take possession of the leased premises, by picking or changing locks ifnecessary, and lock out, expel or remove Tenant and any other person who may be occupying all orany part of the leased premises without being liable for any claim for damages, and relet theleased premises on behalf of Tenant and receive directly the rent by reason of the reletting.Tenant agrees to pay Landlord on demand any deficiency that may arise by reason of any reletting ofthe leased premises; further, Tenant agrees to reimburse Landlord for any expenditures made by itfor remodeling or repairing in order to relet the leased premises and the costs incurred inreletting the same.     (c) Enter upon the leased premises, by picking or changing locks if necessary, without beingliable for prosecution of any claim for damages, and do whatever Tenant is obligated to do underthe terms of this Lease. Tenant agrees to reimburse Landlord on demand for any expenses whichLandlord may incur in effecting compliance with Tenant’s obligations under this Lease; further,Tenant agrees that Landlord shall not be liable for any damages resulting to Tenant from effectingcompliance with Tenant’s obligations under this subparagraph caused by the negligence of Landlordor otherwise.     (d) In addition to any of the remedies available in this Lease, Tenant shall be liable for andshall pay immediately upon demand, any unamortized leasing fee paid by Landlord to any broker inconnection with this Lease and any unamortized Tenant buildout performed by Landlord.     25. WAIVER OF DEFAULT OR REMEDY: Failure of Landlord to declare an event of defaultimmediately upon its occurrence, or delay in taking any action in connection with an event of
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default, shall not constitute a waiver of the default, but Landlord shall have the right todeclare the default at any time and take such action as is lawful or authorized under this Lease.Pursuit of any one or more of the remedies set forth in paragraph 24 above shall not precludepursuit of any one or more of the other remedies provided elsewhere in this Lease or provided bylaw or equity, nor shall pursuit of any remedy provided constitute forfeiture or waiver of any rentor damages accruing to Landlord by reason of the violation of any of the terms, provisions orcovenants of this Lease. Failure by Landlord to enforce one or more of the remedies provided uponan event of default shall not be deemed or construed to constitute a waiver of the default or ofany other violation or breach of any of the terms, provisions and covenants contained in thisLease.     26. ACTS OF GOD: Landlord shall not be required to perform any covenant or obligation in thisLease, or be liable in damages to Tenant, so long as the performance or non-performance of thecovenant or obligation is delayed, caused by or prevented by an act of God or force majeure.     27. ATTORNEY’S FEES: In the event Tenant defaults in the performance of any of the terms,covenants, agreements or conditions contained in this Lease and Landlord places in the hands of anattorney the enforcement of all or any part of this Lease, the collection of any rent due or tobecome due or recovery of the possession of the leased premises, Tenant agrees to pay Landlordreasonable attorney’s fees for the services of the attorney, whether suit is actually filed or not.     28. HOLDING OVER: In the event of holding over by Tenant after the expiration or terminationof this Lease, the hold over shall be as a tenant at will and all of the terms and provisions ofthis Lease shall be applicable during that period, except that Tenant shall pay Landlord as rentalfor the period of such hold over an amount equal to one and one-half (1.5) the rent which wouldhave been payable by Tenant had the hold over period been a part of the original term of thisLease. Tenant agrees to vacate and deliver the leased premises to Landlord upon Tenant’s receipt ofnotice from Landlord to vacate. The rental payable during the hold over period shall be payable toLandlord on demand. No holding over by Tenant, whether with or without consent by Landlord, shalloperate to extend this Lease except as otherwise expressly provided.     29. SUBORDINATION OF RIGHTS: Tenant accepts this Lease subject and subordinate to anyrecorded mortgage or deed of trust lien presently existing or hereafter created upon the leasedpremises or the building. Landlord is hereby irrevocably vested with full power and authority tosubordinate Tenant’s interest under this Lease to any mortgage or deed of trust lien hereafterplaced on the leased premises, and Tenant agrees upon demand to execute additional instrumentssubordinating this Lease as Landlord may require. If the interests of Landlord under this Leaseshall be transferred by reason of foreclosure or other proceedings for enforcement of any mortgageor deed of trust on the leased premises, Tenant shall be bound to the transferee (sometimes calledthe “Purchaser”), at the option of the Purchaser, under the terms, covenants and conditions of thisLease for the balance of the term remaining, and any extensions or renewals, with the same forceand effect as if the Purchaser were Landlord under this Lease, and, if requested by the Purchaser,Tenant agrees to attorn to the Purchaser, including the mortgagee under any such mortgage if it bethe Purchaser, as its Landlord.     30. ESTOPPEL CERTIFICATES: Tenant agrees to furnish promptly, from time to time, uponrequest of Landlord or Landlord’s mortgagee, a statement certifying, if applicable, that Tenant isin possession of the leased premises; the leased premises are acceptable; the Lease is in fullforce and effect; the Lease is unmodified; Tenant claims no present charge, lien, or claim ofoffset against rent; the rent is paid for the current month, but is not prepaid for more than onemonth and will not be prepaid for more than one month in advance; confirming that the Tenant’sleasehold interest is subordinate to Landlord’s mortgage, there is no existing default by reason ofsome act or omission by Landlord or Tenant; that no event exists which with the passage of timewould constitute an event of default by either party; an agreement to provide Landlord’s lender (orlenders) with at least thirty (30) days prior notice of any default and an opportunity of lender(or lenders) to cure such default and Landlord’s lender’s (or lenders’) consent
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to any assignment or sublease of all or any portion of the Premises; and such other matters as maybe reasonably required by Landlord or Landlord’s mortgagee.     31. SUCCESSORS: This Lease shall be binding upon and inure to the benefit of Landlord andTenant and their respective heirs, personal representatives, successors and assigns. It ishereby covenanted and agreed that should Landlord’s interest in the leased premises cease to existfor any reason during the term of this Lease, then notwithstanding the happening of such event thisLease nevertheless shall remain unimpaired and in full force and effect and Tenant hereunder agreesto attorn to the then owner of the leased premises.     32. RENT TAX: If the jurisdiction where the leased premises are situated shall levy and/orimpose rental, privilege, business, sales and use taxes or other similar taxes on the rents andpayments due hereunder, Tenant shall pay such payments in addition to all other payments requiredto be paid to Landlord by Tenant under the terms of this Lease. Any such payment shall be paidconcurrently with the payment of the rent upon which the tax is based as set forth above.     33. DEFINITIONS: The following definitions apply to the terms set forth below as used in thisLease:     (a) “Abandon” means the vacating of all or a substantial portion of the leased premises byTenant, whether or not Tenant is in default of the rental payments due under this Lease.     (b) An “act of God” or “force majeure” is defined for purposes of this Lease as strikes,lockouts, sit-downs, material or labor restrictions by any governmental authority, unusualtransportation delays, riots, floods, washouts, explosions, earthquakes, fire, storms, weather(including wet grounds or inclement weather which prevents construction), acts of the public enemy,wars, insurrections and any other cause not reasonably within the control of Landlord and which bythe exercise of due diligence Landlord is unable, wholly or in part, to prevent or overcome.     (c) The “commencement date” shall be the date set forth in paragraph 2. The“commencement date” shall constitute the commencement of this Lease for all purposes, whether ornot Tenant has actually taken possession.     (d) “Real property tax” means all school, city, state and county taxes and assessmentsincluding special district taxes or assessments.     (e) “Square feet” or “square foot” as used in this Lease includes the area contained withinthe space occupied by Tenant together with a common area percentage factor of Tenant’s spaceproportionate to the total building area.     34. MISCELLANEOUS: The captions appearing in this Lease are inserted only as a matter ofconvenience and in no way define, limit, construe or describe the scope or intent of suchparagraph. If any provision of this Lease shall ever be held to be invalid or unenforceable, suchinvalidity or unenforceability shall not affect any other provision of this Lease, and such otherprovisions shall continue in full force and effect.     35. NOTICE: (a) All rent and other payments required to be made by Tenant shall be payable toLandlord at the address set forth below.     (b) All payments required to be made by Landlord to Tenant shall be payable to Tenant at theaddress set forth below, or at any other address within the United States as Tenant may specifyfrom time to time by written notice.
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     (c) Any notice or document required or permitted to be delivered by this Lease shall be deemedto be delivered (whether or not actually received) two days after being deposited in the UnitedStates Mail, postage prepaid, certified mail, return receipt requested, addressed to the parties atthe respective addresses set out below:   LANDLORD: TENANT:10600 COLONEL GLENN, LLC DAC TECHNOLOGIES GROUP INT., INCc/o Colliers Dickson Flake Partners, Inc. Attn: Mr. David A. Collins, CEOP.O. Box 3546 4411 North Bay RoadLittle Rock, AR 72203-3546 Miami Beach, FL 33140     36. HAZARDOUS MATERIALS: Tenant shall not cause or permit any hazardous material(defined as any hazardous or toxic substance, material or waste, including, but not limited to,those substances, materials, and wastes listed in the United States Department of TransportationHazardous Materials Table (49 CFR 172.101) or by the Environmental Protection Agency as hazardoussubstances (40 CFR Part 302) and amendments thereto, or such substances, materials and wastes thatare or become regulated under any applicable local, state or federal law) to be brought upon, keptor used in or about the premises or building by Tenant, its agents, employees, contractors orinvitees. Tenant shall indemnify and hold Landlord harmless from any loss, damage, claim, fine orother expense (including attorney’s fees and expenses) incurred as a result of Tenant’s breach ofthe covenants and restrictions contained in this paragraph.     37. BROKER: Landlord and Tenant hereby acknowledge and agree that Colliers Dickson FlakePartners, Inc., Little Rock, Arkansas, and all its associates represent the Landlord and only theLandlord in negotiating this Lease. Landlord and Tenant acknowledge that such representation wasdisclosed upon initial contact. The Landlord shall be responsible for all brokerage fees and shallindemnify Tenant against any claims for such. Landlord agrees to pay Colliers Dickson FlakePartners, Inc. a fee equal to  Five percent (5%) of thegross aggregate rent for the primary term of this Lease upon commencement of the primary term.     38. ENTIRE AGREEMENT AND LIMITATION OF WARRANTIES: It is expressly agreed by Tenant, as amaterial consideration for the execution of this Lease, that this Lease, with the specificreferences to written extrinsic documents, is the entire agreement of the parties; that there are,and were, no verbal representations, warranties, understandings, stipulations, agreements orpromises pertaining to this Lease or the expressly mentioned written extrinsic documents notincorporated in writing in this Lease. Landlord and Tenant expressly agree that there are andshall be no implied warranties of merchantability, habitabiliry, fitness for a particular purposeor of any other kind arising out of this Lease and there are no warranties which extend beyondthose expressly set forth in this Lease. It is likewise agreed that this Lease may not bealtered, waived, amended or extended except by an instrument in writing signed by both Landlord andTenant.     39. TENANT RECOURSE: Tenant’s sole recourse against Landlord and any successor to theinterest of Landlord in the leased premises is to the interest of Landlord, and any successor, inthe leased premises and the building of which the leased premises is a part. Tenant will not haveany right to satisfy any judgment it may have against Landlord, or any successor, or from any otherassets of Landlord, or any successor. This paragraph the terms “landlord” and “successor”include the shareholders, members, managers, officers, directors, venturers, or partners ofLandlord and successor, and the agents, officers, directors, venturers, partners or employees ofthe Landlord and its successor. The provisions of this paragraph are not intended to limitTenant’s right to seek injunctive relief or specific performance, or Tenant’s right to claim in theproceeds of insurance, if any, specifically maintained by the Landlord for the Tenant’s benefit.     40. SALEOF PREMISES: If Landlord or any subsequent owner of the leasedpremises sells the leased premises, its liabilityfor the performance of its agreements in this Lease will end on the date of
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the sale of the leased premises, and Tenant will look solely to the purchaser for theperformance of these agreements. For the purposes of this paragraph, any holder of a mortgage ordeed of trust that affects the leased premises at any time, and any landlord in any lease to whichthis Lease is subordinate at any time, will be a subsequent owner of the leased premises. TheTenant will attorn to any subsequent owners of the leased premises. The provisions of thisparagraph are made in addition to, and not in lieu of, all of the provisions contained herein,specifically including paragraph 39.     41. MEMORANDUM OF LEASE: This Lease shall not be recorded by either party, but at the requestof either Landlord or Tenant, the other party will sign a short form Memorandum of Lease toevidence that such Lease is in existence.     42. OPTION TO RENEW: Provided the lease is in full force and effect, Tenant is not in defaultof any terms or conditions of the Lease Agreement and is operating its business in the premises,Landlord grants one (1) four (4) year option to extend the Lease, upon the same terms andconditions as contained in the primary lease, including the annual increase in monthly base rentalas defined in Paragraph 3(b) of the Lease.     Agreed upon by the parties as evidenced by signature below:           **LANDLORD:10600 COLONEL GLENN, LLC**   **TENANT:DAC TECHNOLOGIES GROUPINTERNATIONAL, INC.,a Florida Corporation**             By: /s/ [ILLEGIBLE]   By: /s/ David A. Collins                     David A. Collins             Its: Manager   Its: /s/ David A. Collins                    C.E.O.   Date: 1-10-07   Date: Dec 4, 2006  
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