This Equipment Lease Agreement (this “Lease”) is made as of 2026-06-17 between , a with an address at (“Lessor”), and ACME Resources LLC, a TX LLC with an address at (“Lessee”).
Lessor leases to Lessee, and Lessee leases from Lessor, the following equipment, together with all attachments, accessories, and replacement parts (the “Equipment”):
The Equipment shall be located at and shall not be moved without Lessor’s prior written consent.
The term of this Lease is months, commencing on the date Lessee accepts delivery of the Equipment (the “Commencement Date”) and continuing until the end of the term unless sooner terminated under this Lease.
Lessee shall pay rent of per month, due in advance on the first day of each month, without demand, deduction, or offset. Lessee shall pay all applicable taxes, license fees, and similar charges relating to the Equipment.
Lessee shall inspect the Equipment upon delivery and shall be deemed to have accepted it unless Lessee gives Lessor written notice of any defect within five (5) business days of delivery. Lessee’s acceptance is conclusive evidence that the Equipment is in good order and suitable for Lessee’s purposes.
Lessee shall use the Equipment in a careful and proper manner, in compliance with all applicable laws and the manufacturer’s instructions. Lessee shall, at its expense, keep the Equipment in good operating condition and repair, ordinary wear and tear excepted, and shall not make alterations without Lessor’s consent. All maintenance and repairs become part of the Equipment.
Lessee bears all risk of loss, theft, or damage to the Equipment from the time of delivery until its return. Lessee shall maintain property insurance covering the full replacement value of the Equipment and liability insurance of not less than per occurrence, naming Lessor as loss payee and additional insured, and shall furnish certificates of insurance on request.
The Equipment is and shall remain the personal property of Lessor. Lessee acquires no ownership, title, or equity in the Equipment except as expressly provided in the purchase option below. Lessee shall not permit any lien or encumbrance to attach to the Equipment.
Provided Lessee is not in default, Lessee may purchase the Equipment at the end of the term for , payable in full on the expiration date, by giving Lessor written notice at least thirty (30) days before the end of the term. Upon payment, Lessor shall transfer the Equipment to Lessee “as is, where is,” free of Lessor’s liens.
Each of the following is an “Event of Default”: (a) Lessee fails to pay rent within ten (10) days after it is due; (b) Lessee breaches any other obligation and fails to cure within fifteen (15) days after written notice; or (c) Lessee becomes insolvent or subject to bankruptcy proceedings. Upon an Event of Default, Lessor may terminate this Lease, declare all remaining rent immediately due, repossess the Equipment, and recover its damages and reasonable attorneys’ fees.
Unless Lessee exercises the purchase option, upon expiration or termination Lessee shall, at its expense, return the Equipment to Lessor in good operating condition, ordinary wear and tear excepted.
This Lease is governed by the laws of the State of TX. It constitutes the entire agreement between the Parties regarding the Equipment and may be executed in counterparts, including by electronic signature.
Name: Michael Yuan
Title: General Manager
Date: 2026-06-17
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