Item 1.01 Entry into a Material Definitive Agreement.

On April 1, 2021, the Company and CoreCard Software, which is wholly owned by the Company, each entered into a Lease Agreement with ISC Properties, LLC ("Properties"), an entity that is solely owned and controlled by the Company's Chairman and Chief Executive Officer, J. Leland Strange. These leases collectively cover the premises where the Company's headquarters and primary facilities are located. The Company previously leased these premises pursuant to a Lease Agreement dated March 31, 2015 and signed an Addendum for an additional three year term dated April 1, 2018, between the Company and Properties. Each of the leases has a five-year term beginning April 1, 2021 and ending March 31, 2026. The monthly rent under the Company lease and the CoreCard Software lease is $12,291.67 and $11,900, respectively.




Item 9.01     Financial Statements and Exhibits.

Exhibit 10.1. Lease Agreement as of April 1, 2021, among Intelligent Systems Corporation and ISC Properties, LLC.

Exhibit 10.2. Lease Agreement as of April 1, 2021, among CoreCard Software, Inc. and ISC Properties, LLC.





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