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EXHIBIT 10.17
EQUIPMENT LEASE
THIS LEASE executed as of January 1, 2004, between A-Y-K-E
Partnership,
a partnership (hereafter referred to as
"LESSOR"), and Affholder, Inc., a
Missouri corporation (hereinafter referred
to as "LESSEE").
1. LESSOR leases to LESSEE, and LESSEE leases from LESSOR, one (1)
90
Ton Link Belt Crane, Model LS 338.
2. The term of this Lease shall begin January 1, 2004 and shall
end
December 31, 2004.
3. The leased property shall be used solely for the construction of
the
Vandeventer-Grand Sewer Rehab Project, St.
Louis, MO
4. LESSOR will be paid $6,000.00 per month (single shift) as rental
for
the above listed cranes. Rent is payable on
the last day of each month, in
arrears, and pro-rated for partial
months.
5. LESSEE may not make alterations, additions or improvements to
the
leased property, without prior written
notification to and approval by LESSOR.
All such additions to and improvements
shall immediately become the property of
the LESSOR and subject to the terms of this
Lease.
6. LESSEE, at its own cost and expense, shall keep the leased
property
in good repair, condition and working
order, and shall not subject the leased
property to careless or needlessly rough
usage.
7. LESSOR shall at all times during business hours have the right
to
enter upon the premises where the leased
property may be located for the purpose
of inspecting it or observing its use.
8. The leased property shall be delivered to LESSEE
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at St. Louis, Missouri on or before January
1, 2004, and shall be returned to
LESSOR at St. Louis, MO at the termination
of this Lease. All transportation
charges, including duties, from the
delivery site to the job site and from the
job site to the return site shall be the
responsibility of LESSEE. LESSEE shall
inspect the leased property b
