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EXHIBIT 10.15
EQUIPMENT LEASE
THIS LEASE
executed as of January 1, 2005, 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) 125
Ton
American Crane, Model 7530.
2. The
term of this Lease shall begin January 1, 2005 and shall end
December 31, 2005.
3. The
leased property shall be used solely for the installation of
Ashley
River Sewer Tunnel, Phase II, Charleston,
SC.
4. LESSOR
will be paid $8,500.00 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 at Charleston, SC,
on
or before January 1, 2005, 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 p
