Free Lease Agreement

Date: November 4, 2050

This Lease Agreement ("Agreement") is entered into as of the 4th day of November 2050, by and between [Your Company Name], a company duly organized and existing under the laws of the state of Colorado, having its principal office at [Your Company Address], hereinafter referred to as the "Lessor," and Envexa, a business entity with its principal place of operations at Colorado Springs, CO 80901, hereinafter referred to as the "Lessee."

I. Premises

[Your Company Name] hereby leases to Envexa, and Envexa hereby accepts from [Your Company Name], the following described premises:

• Property Location: 1234 Aspen Avenue, Colorado Springs, CO 80901

• Type of Property: Commercial office space

• Square Footage: 2,500 sq. ft.

II. Lease Term

1. Commencement Date: November 15, 2050

2. Expiration Date: November 14, 2055

3. Renewal Option: Envexa shall have the right to renew this lease for an additional term of five (5) years, subject to negotiation of rental terms.

III. Rent

1. Base Rent: The monthly rent shall be $4,500.00.

2. Due Date: Rent is due on or before the 1st day of each month.

3. Payment Method: Payments shall be made via electronic transfer to [Your Company Name]’s designated bank account or by check to [Your Company Address].

IV. Security Deposit

1. Amount: Envexa shall provide a security deposit in the amount of $9,000.00, equivalent to two (2) months' rent.

2. Conditions for Return: The security deposit shall be returned within thirty (30) days after the expiration or termination of this lease, provided that no damages or unpaid balances remain.

V. Utilities and Services

Envexa shall be responsible for the payment of the following:

• Electricity: Directly payable to the utility provider.

• Water/Sewer: Included in the base rent.

• Internet and Communication Services: Contracted independently by Envexa.

• Janitorial Services: Arranged by Envexa.

VI. Maintenance and Repairs

A. Lessor’s Responsibilities

[Your Company Name] shall be responsible for:

• Major structural repairs.

• Ensuring that HVAC systems, plumbing, and electrical systems are functional at the commencement of the lease.

B. Lessee’s Responsibilities

Envexa shall be responsible for:

• Routine maintenance and minor repairs.

• Maintaining cleanliness and order within the leased premises.

VII. Use of Premises

Envexa shall use the premises for office operations and related activities only. Any change in the nature of business use must be approved by [Your Company Name] in writing.

VIII. Insurance

A. Lessee’s Insurance

Envexa shall maintain:

1. Commercial General Liability Insurance with minimum coverage of $1,000,000 per occurrence.

2. Property Insurance covering Lessee’s property within the premises.

B. Lessor’s Insurance

[Your Company Name] shall maintain insurance covering the building structure.

IX. Termination and Breach

1. Early Termination by Lessee: Envexa may terminate this lease with a 60-day written notice and a penalty equivalent to one (1) month’s rent.

2. Breach of Agreement: In the event of non-payment of rent or violation of any lease terms, [Your Company Name] may terminate this lease upon providing 30 days’ written notice.

X. Governing Law

This Agreement shall be governed by the laws of the state of Colorado.

XI. Miscellaneous

1. Notices: All notices shall be sent via email to inquire@envexa.mail for Envexa and to [Your Company Email] for [Your Company Name].

2. Entire Agreement: This Agreement constitutes the entire understanding between the parties.

IN WITNESS WHEREOF, the parties have executed this Lease Agreement as of the day and year first above written.

[Your Company Name]
[Your Name]

Envexa
Jasen Gaylord

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