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EXHIBIT 10.4
SHORT FORM OF LEASE
LEASE AGREEMENT, made between ESTATE OF XXXX XXXXXXX** (landlord) and
P & A REMEDIATION, LLC. (tenant).
**ACTING BY AND THROUGH XXXX X. XXXXXXX, WHO REPRESENTS FULL POSER OF
ATTORNEY AND AUTHORITY TO LESSEE HEREIN.
For good consideration it is agreed between the parties as follows:
1. Landlord hereby leases and rents to Tenant the premises described as
follows: (describe leased premises)
EXCLUSIVE USE OF YARD AND OFFICE LOCATION (AND EXCLUSIVE USE
OF ALL ACREAGE FOR USE, STORAGE, ETC.) FORMERLY USED BY
SIMPCO, INC.; ROOLSWAY; SIMPCO MATERIALS; HANDLING; X.X. XXXXXXX;
LOCATED 0-0 XXXXX XXXXX XX XXXXXXXXX, XXXXX ON US HWY 83, ALSO
KNOWN AS 00000 XX XXX XXXXX.
2. This Lease shall be in effect for a term of ONE years, commencing on
NOVEMBER 1, 1998 and terminating on OCTOBER 31, 1999.
3. Tenant shall pay Landlord the annual rent of $5400.00 during said term, in
monthly payments of $450.00, each, payable monthly in advance, TO ORDER OF
XXXXX XXXXXXX OR DIRECTOR PARTY.
4. Tenant shall, at its own expense, provide the following utilities: ALL
NORMAL USES. Landlord shall, at its own expense, provide the following
utilities: NONE
5. LANDLORD AND Tenant further agrees that:
a) Upon the expiration of the lease it will return possession of the
leased premises in its present condition, reasonable wear and tear,
and fire casualty excepted. Tenant shall commit no waste too the
leased premises. *TENANT SHALL HAVE UNLIMITED AUTHORITY TO SUB-LET TO
ANY PARTY DEEMED SUITABLE BY TENANT.
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b) Tenant may make any material or structural alterations to the leased
premises without the Landlord's consent. It shall comply with all
building, zoning and health codes and other applicable laws for said
leased premises.
c) Tenant shall not conduct a business deemed extra hazardous, a
nuisance or requiring an increase in fire insurance premiums. Tenant
warrants the leased premises shall be used only for the following
type business: (describe) OIL WELL PLUGGING FIELD OFFICE, OR ANY AND
ALL USES DEEMED PRUDENT BY TENANT.
d) In the event of any breach of the payment of rent or any other
allowed charge, or other breach of this lease, Landlord shall have
full rights to terminate this Lease in accordance with state law and
re-enter and claim possession of the leased premises, in addition to
such other remedies available to Landlord arising from said breach.
6. This Lease shall be binding upon and inure to the benefit of the parties,
their successors, assigns and personal representatives.
4. Additional lease terms:
Signed AS IF, ALTHOUGH NOT ON, under seal this 1st day of NOVEMBER, 1998.
XXXXXXX XXXXXXX, DEED HOLDER
/s/ XXXX XXXXXXX
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Landlord Xxxx Xxxxxxx by Xxxx Xxxxxxx
P & A REMEDIATION, LLC.
/s/ XXXXX XXXXXX
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Tenant Xxxxx Xxxxxx
