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INSITUFORM TECHNOLOGIES I | A-Y-K-E Partnership | Affholder, Inc.. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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EXHIBIT 10.20
EQUIPMENT LEASE
THIS LEASE executed as of February 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 Lovat
M-142 Tunnel Boring Machine, Series No. 6100.
2. The term of this Lease shall begin February 1, 2004 and shall end
December 3l, 2004. If the leased property is retained by LESSEE after April 30,
2004 without the consent of LESSOR, then the liquidated damages shall be
$25,000.00 plus $5050.00 per day.
3. The Leased property shall be used solely for the installation of
152" tunnel on the Evansville, Indiana.
