Just installed theme. Error messages in editor??

Hey all. First time wordpress newbie here hoping for some tips.
I just installed my wordpress theme “Balena” and activated it so i could start editing it, and on the page where i can begin to customize it im getting some strange error messages, and im not sure what to do with them.

Below are the messages i got
Notice: Undefined index: action in /home/a7206129/public_html/wp-content/themes/Balena/theme_options.php on line 195

Notice: has_cap was called with an argument that is deprecated since version 2.0! Usage of user levels by plugins and themes is deprecated. Use roles and capabilities instead. in /home/a7206129/public_html/wp-includes/functions.php on line 2722

Any ideas on what i need to change and how would be appreciated. My site is handyhometips.me if anyone wants to take a look at what shows up.

thanks!!