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EQUIPMENT LEASE

Equipment Lease Agreement

EQUIPMENT LEASE | Document Parties: INSITUFORM TECHNOLOGIES INC | Affholder, Inc., You are currently viewing:
This Equipment Lease Agreement involves

INSITUFORM TECHNOLOGIES INC | Affholder, Inc.,

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Title: EQUIPMENT LEASE
Governing Law: Missouri     Date: 3/15/2004
Industry: Construction Services     Sector: Capital Goods

EQUIPMENT LEASE, Parties: insituform technologies inc , affholder  inc.
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                                                                   EXHIBIT 10.19

 

                                 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) 110

Ton American Crane, Model 999, S/N RS13230.

 

         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 installation of

State Road Sewer Tunnel, Indiana, Department of Transportation.

 

         4. LESSOR will be paid $7,000.00 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. Second shift rental will be charged @

50% of the single shift rate.

 

         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 Evansville, Indiana 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


 
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