Exhibit 10.2
COMMERCIAL LEASE AGREEMENT
This Commercial Lease Agreement ("Lease") is made on June 1, 2015 and
become effective on August 1, 2015, by and between Xxxxxxxxx Xxxxxxxxx
("Landlord") and Fellazo Corp. ("Tenant").
Landlord makes available for lease a portion of the Building designated as
office of 58 sq. m., with address str. Xxxxxx Xxxx 00, Xxxxxxxx 0000, Xxxxxxxx
of Moldova (the "Leased Premises").
Landlord desires to lease the Leased Premises to Tenant, and Tenant desires
to lease the Leased Premises from Landlord for the term, at the rental and upon
the covenants, conditions and provisions herein set forth.
THEREFORE, in consideration of the mutual promises herein, contained and
other good and valuable consideration, it is agreed:
1. Term.
A. Landlord hereby leases the Leased Premises to Tenant, and Tenant hereby
leases the same from Landlord, for an "Initial Term" beginning August 1, 2015
and ending July 31, 2016. Landlord shall use its best efforts to give Tenant
possession as nearly as possible at the beginning of the Lease term. If Landlord
is unable to timely provide the Leased Premises, rent shall xxxxx for the period
of delay. Tenant shall make no other claim against Landlord for any such delay.
B. Tenant may renew the Lease for extended term of three years, or more.
2. Rental.
A. Tenant shall pay to Landlord during the Initial Term rental of 3,120 USD
per year, payable in installments of 260 USD per month. Each installment payment
shall be due in advance on the first day of each calendar month during the lease
term to Landlord at Leased Premises or at such other place designated by written
notice from Landlord or Tenant. The rental payment amount for any partial
calendar months included in the lease term shall be prorated on a daily basis.
B. The rental for any renewal lease term, if created as permitted under
this Lease, shall be 3,120 USD per year, payable in installments of 260 USD per
month.
3. Use.
Notwithstanding the foregoing, Tenant shall not use the Leased Premises for
the purposes of storing, manufacturing or selling any explosives, flammables or
other inherently dangerous substance, chemical, thing or device.
4. Repairs.
During the Lease term, Tenant shall make, at Tenant's expense, all
necessary repairs to the Leased Premises. Repairs shall include such items as
routine repairs of floors, walls, ceilings, and other parts of the Leased
Premises damaged or worn through normal occupancy, except for major mechanical
systems or the roof, subject to the obligations of the parties otherwise set
forth in this Lease.
5. Alterations and Improvements.
Tenant, at Tenant's expense, shall have the right following Landlord's
consent to remodel, redecorate, and make additions, improvements and
replacements of and to all or any part of the Leased Premises from time to time
as Tenant may deem desirable, provided the same are made in a workmanlike manner
and utilizing good quality materials. Tenant shall have the right to place and
install personal property, trade fixtures, equipment and other temporary
installations in and upon the Leased Premises, and fasten the same to the
premises.
7. Utilities.
Tenant shall pay all charges for water, sewer, gas, electricity, telephone
and other services and utilities used by Tenant on the Leased Premises during
the term of this Lease unless otherwise expressly agreed in writing by Landlord.
In the event that any utility or service provided to the Leased Premises is not
separately metered, Landlord shall pay the amount due and separately invoice
Tenant for Tenant's pro rata share of the charges. Tenant shall pay such amounts
within fifteen (15) days of invoice. Tenant acknowledges that the Leased
Premises are designed to provide standard office use electrical facilities and
standard office lighting.
8. Entry.
Landlord shall have the right to enter upon the Leased Premises at
reasonable hours to inspect the same, provided Landlord shall not thereby
unreasonably interfere with Tenant's business on the Leased Premises
9. Headings.
The headings used in this Lease are for convenience of the parties only and
shall not be considered in interpreting the meaning of any provision of this
Lease.
10. Successors.
The provisions of this Lease shall extend to and be binding upon Landlord
and Tenant and their respective legal representatives, successors and assigns.
11. Consent.
Landlord shall not unreasonably withhold or delay its consent with respect
to any matter for which Landlord's consent is required or desirable under this
Lease.
12. Final Agreement.
This Agreement terminates and supersedes all prior understandings or
agreements on the subject matter hereof. Only a further writing that is duly
executed by both parties may modify this Agreement.
IN WITNESS WHEREOF, the parties have executed this Lease as of the day and
year first above written.
Signature of Landlord: Signature of Tenant:
/s/ Xxxxxxxxx Xxxxxxxxx /s/ Xxxxxx Hripcenco
-------------------------------- --------------------------------
XX-0000 Xxxxxxxx xx Xxxxxxx, Fellazo Corp.
Xxxxxxxx xxx. Xxxxxxxx 00/0 et.6 MD- 2025 Republic of Xxxxxxx,
Xxxxxxxx, xxx. Xxxxxx-Xxxx,
nr 68/11- 419
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