GRAZING LEASE AGREEMENT
Exhibit 10.1
GRAZING LEASE AGREEMENT
REPUBLIC OF IRELAND COUNTY OF SLIGO
This Grazing Lease Agreement is made and entered into as of this 22 day of January, 2013 by and between PARTIES Mary Gowan as Lessor, and Balius Corp., as Lessee.
I.
Lessor rents and leases to Lessee, to occupy and use for agricultural purpose only, the following property located in the County of Sligo, Ireland, and described as follows:
- A pasture consisting of approximately 5 acres located at Moneygold, Grange, Sligo county.
II.
Lessee shall, during the term of this lease, use the Leased Premises for the purpose of feeding, pasturing and grazing horses limited to 5 animal.
III.
This Lease is to commence on the date hereof and end in one year to be automatically renewed and extended from year to year, unless terminated in writing by Lessor or Lessee.
IV.
Lessee will pay the Lessor the yearly cash rental of $500 during the term of this Agreement for the use of the Leased Premises.
V.
Lessee shall occupy the premises at Lessees own risk and Lessor shall not be liable to anyone for the action or omissions of Lessee, Lessees agents, servants, employees, customers, visitors or licensees, and Lessee agrees to indemnify and hold Lessor harmless from all claims and causes of action resulting from or alleged to have resulted from such actions or omissions including attorneys fees and expenses incurred. Lessee shall not be liable to anyone for the actions or omission of Lessor, Lessors agents, servants, employees, visitors, or licensees, and Lessor agrees to indemnify and hold Lessee harmless from all claims and causes of action resulting from or alleged to have resulted from such actions or omissions including attorneys fees and expenses incurred.
Page | 1
VI.
Lessee shall not assign, sublease or permit third parties to occupy or use any portion of the Premises during the term of the lease without the written consent of Lessor.
VII.
This Lease is the entire agreement of the parties, and there are no oral representations, warranties, agreements or promises pertaining to this Lease not incorporated in writing in this Lease.
VIII.
This Lease may be amended only in writing and signed by Lessor and Lessee.
IX.
Notwithstanding anything contained herein to the contrary, this Lease may be terminated at any time by Lessee, provided, however, that Lessee has given thirty (30) days written notice to Lessor.
Executed on January 22, 2013.
LESSOR: /S/ Vitaliy Gladky Balius Corp., President | LESSEE: /S/ Mary Gowan |
Page | 2