Exhibit 10.2
AS OF JULY 01, 2014
LEASE AGREEMENT
TERAFOX CORP. has signed the lease agreement with XXXXXX XXXXXXXX, Sofia,
Bulgaria as of JULY 01, 2014, where we intent to set up our printing machines.
Material terms of agreement are as following:
1. Leased premises area covers approximately 40 (forty) square meters. Leased
premises are located on the first floor of the building at 00 XXXXXXXXX XXX.,
XXXXX 0000, XXXXXXXX.
2. Term of Agreement is two (2) years, starting FEBRUARY 01, 2015 and ending
FEBRUARY 01, 2017.
3. TERAFOX CORP is given an option to renew the Lease for an additional term of
two (2) years by giving the lesser written notice on ninety (90) days before
expiration of the primary term of this lease. The renewal lease is to be upon
the same terms and conditions contained in the primary Lease Agreement, besides
rental fee as provided in Paragraph 5 of the Agreement.
4. For the first year of the Agreement the annual rental fee is $6,000.
5. For the second and third year of the Agreement the annual rental fee will be
$5,400.
6. Default interest of $10 per day shall be paid as additional payment for any
rental fee delivered or received more than three (3) days after the first day of
any calendar month during the term of this lease.
7. Lesser agrees to provide at his expense for the premises electricity, water,
air conditioning, ventilation, light tubes replacement, trash removal service
and sewage disposal service in such quantities and at such times as is necessary
to Lessee's comfortable and reasonable use of the premises.
8. Any holding over after the expiration of the lease term shall be deemed to
constitute a tenancy from month to month only and shall be on the same terms and
conditions as specified in this Lease Agreement.
On behalf of the Lessee On behalf of the Lesser
/s/ Xxxxxxx Xxxxxx /s/ Xxxxxx Xxxxxxxx
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Xxxxxxx Xxxxxx, Terafox Corp Xxxxxx Xxxxxxxx
