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EQUIPMENT LEASE

Equipment Lease Agreement

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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: BLDSRV     Sector: CAPGDS

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                                                                   EXHIBIT 10.21

 

                                 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

90" Tunnel Boring Machine, Series No. 6100.

 

         2. The term of this Lease shall begin February 1, 2004 and shall end

December 31, 2004. If the leased property is retained by LESSEE after April 30,

2004 without the consent of LESSOR, then the liquidated damages shall be

$5,000.00 plus $500.00 per day.

 

         3. The Leased property shall be used solely for the installation of 90"

tunnel on the Los Posas Feeder No, 3 Unit 2 Project.

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