LEASE AGREEMENT
EX-10.1 5 ex10x1.htm EXHIBIT 10.1
Exhibit 10.1
LEASE AGREEMENT
This Lease is made this 1st day of January, 2015 by and between Mobile Safety Innovations, LLC (hereinafter "Landlord") and OILFIELD SAFETY HOLDINGS INC. (hereinafter "Tenant"). In consideration for the mutual promises and covenants contained herein, and for other good and valuable consideration, the parties hereby agree as follows:
1. The Landlord subleases to the Tenant and the Tenant rents from the Landlord the following described premises: office space located at 1507 N. 1st Street, McAlester Oklahoma 74501.
2. The term of the Lease shall be for one year commencing January 1, 2015 and ending on December 31, 2015.
3. The Tenant shall pay to Landlord as rent $1,200 per month in advance of moving in.
1. The Landlord subleases to the Tenant and the Tenant rents from the Landlord the following described premises: office space located at 1507 N. 1st Street, McAlester Oklahoma 74501.
2. The term of the Lease shall be for one year commencing January 1, 2015 and ending on December 31, 2015.
3. The Tenant shall pay to Landlord as rent $1,200 per month in advance of moving in.
4. This Lease is subject to all present or future mortgages affecting the premises.
5. Tenant shall use and occupy the 2,000 square feet of warehouse space for office space and assembly work.
6. The Tenant shall not make any alterations, additions or improvements to the premises without the prior written consent of the Landlord.
7. The Landlord, at his own expense, shall furnish the following utilities or amenities for the benefit of the Tenant: Telephones, desks, chairs, copier and conference room usage.
8. The Tenant, at his own expense, shall furnish the following: computers.
9. The Tenant shall not permit or commit waste to the premises.
10. The Tenant shall comply with all rules, regulations, ordinances codes and laws of all governmental authorities having jurisdiction over the premises.
11. The Tenant shall not sublet or assign the premises nor allow any other person or business to use or occupy the premises without the prior written consent of the Landlord, which consent may not be unreasonably withheld.
12. At the end of the term of this Lease, the Tenant shall surrender and deliver up the premises in the same condition (subject to any additions, alterations or improvements, if any) as presently exists, reasonable wear and tear excluded.
13. Upon default in any term or condition of this Lease, the Landlord shall have the right to undertake any or all other remedies permitted by Law.
5. Tenant shall use and occupy the 2,000 square feet of warehouse space for office space and assembly work.
6. The Tenant shall not make any alterations, additions or improvements to the premises without the prior written consent of the Landlord.
7. The Landlord, at his own expense, shall furnish the following utilities or amenities for the benefit of the Tenant: Telephones, desks, chairs, copier and conference room usage.
8. The Tenant, at his own expense, shall furnish the following: computers.
9. The Tenant shall not permit or commit waste to the premises.
10. The Tenant shall comply with all rules, regulations, ordinances codes and laws of all governmental authorities having jurisdiction over the premises.
11. The Tenant shall not sublet or assign the premises nor allow any other person or business to use or occupy the premises without the prior written consent of the Landlord, which consent may not be unreasonably withheld.
12. At the end of the term of this Lease, the Tenant shall surrender and deliver up the premises in the same condition (subject to any additions, alterations or improvements, if any) as presently exists, reasonable wear and tear excluded.
13. Upon default in any term or condition of this Lease, the Landlord shall have the right to undertake any or all other remedies permitted by Law.
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14. This Lease shall be binding upon, and inure to the benefit of, the parties, their heirs, successors, and assigns.
Signed this 1st day of January, 2015
Signed this 1st day of January, 2015
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Tenant; OILFIELD SAFETY HOLDINGS INC. | | Landlord: Mobile Safety Innovations, LLC. |
/s/ Shawn W. Smoot Shawn W. Smoot, President | | /s/ Shawn W. Smoot Shawn W. Smoot, Managing member |
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