COMMERCIAL LEASE: Agreement to lease commercial property AGREEMENT TO LEASE
Exhibit 10.1
COMMERCIAL LEASE: Agreement to lease commercial property
AGREEMENT TO LEASE
This agreement is entered into, effective as of August 1st, 2005 between ESE Corporation, Inc., of, X.X. Xxx 00000, Xxxxx Xxxxx Xxxxxx, Xxxxxxxxx, XX 00000, referred to as "prospective lessor," and Xxxxxxxxx Xxxx, of, 0000 Xxxxxxx Xxxx Xx., XX 00000, of referred to as "prospective lessee."
RECITALS
A. Prospective lessor is the owner of real property that will shortly be available for lease.
B. Prospective lessee desires to lease commercial property for ESE Corp. use.
C. The parties desire to establish an agreement to ensure a future lease of the commercial property described in this agreement.
In consideration of the matters described above, and of mutual benefits and obligations set forth in this agreement, the parties agree as follows:
SECTION ONE
SUBJECT OF LEASE
Prospective lessor shall enter into a written lease agreement with prospective lessee on or before August 1st, 2005, by which prospective lessor shall lease to prospective lessee the Commercial property owned by prospective lessor located at 000X Xxxxxxx Xx., Xxxxxxxxx, XX 00000, for prospective lessee and to occupy and use as their commercial space.
SECTION TWO
TERM OF LEASE
The premises shall be leased to prospective lessee for a period of 24 months from Aug. 1st, 2005, for the amount of $50.00 per month. Prospective lessee shall have the option to renew the lease for additional monthly periods for $250.00 per month.
In witness of the above, each party to this agreement has caused it to be executed at 000X Xxxxxxx Xx., Xxxxxxxxx, XX on the date indicated below.
/s/ Xxxxxxxxx Xxxx
/s/ Xxxxx X. Xxxx, Secretary, 8-1-2005
[Signature and date(s) of signing]