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CSWI > SEC Filings for CSWI > Form 8-K on 6-Jul-2012All Recent SEC Filings

Show all filings for COMPUTER SOFTWARE INNOVATIONS, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for COMPUTER SOFTWARE INNOVATIONS, INC.


6-Jul-2012

Entry into a Material Definitive Agreement, Creation of a Dir


Item 1.01. Entry into a Material Definitive Agreement.

On June 29, 2012, Computer Software Innovations, Inc. (the "Company") amended its lease agreement with Edge Developments, LLC ("EDL") for 30,000 square feet of warehouse space at 903A East Main Street, Easley, SC, by entering into the Second Amendment to Lease (the "Lease Amendment"). The Lease Amendment generally extends the terms of the Commercial Lease Agreement dated March 23, 2010, as amended (the "Lease"), for an additional two years. It requires monthly payments of $6,600 from July 1, 2012 until June 30, 2013, and monthly payments of $6,725 from July 1, 2013 until June 30, 2014. Under the terms of the Lease Amendment, the Company and EDL agree to split the cost of certain improvements to the facility. The Lease Amendment also contains an early termination clause, which the Company may elect to exercise during July 2013. The Lease, as modified by the Lease Amendment, expires on June 30, 2014.

The foregoing description of the Amended Lease to the lease is qualified in its entirety by the full text of the Lease Amendment, a copy of which is attached hereto as Exhibit 10.1.



Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The disclosure contained in Item 1.01 above is incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

The following exhibit is filed as part of this report:

Exhibit
Number                                    Description

10.1         Second Amendment to Lease dated June 29, 2012 by and between Computer
             Software Innovations, Inc. and Edge Developments, LLC.


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