THIS LEASE AGREEMENT is made this day 31st December Year 2020.

Between
NOVARICK HOMES AND PROPERTIES LTD. of No. 28, Daniyan Natalia Street, Lekki
Phase 1 Lagos. (hereinafter called the “LEASOR”) which expression shall where the context so
admits, include it agents and assigns and successors –in-title} of the one part. And OMRON
CONSTRUCTION LIMITED. Of BSuite CC16B, Gbaja Shopping Complex Surulere Lagos.
hereinafter called the “LEASEE”} which expression shall where the context so admits, include
its agent and successors-in-title} on the other part.

WHEREAS:

The LEASOR is the rightful owner of the under listed equipment:

S/No. EQUIPMENT LIST

1 SDLG G9165 Grader 1 nos.
2 SDLG RS 8140, 14 tons Roller 1 nos.
3 SHANTUI 5 tons wheel loader. CIF Nigeria 1 nos.
4 SHANTUI 20 tons excavator Cummins engine 1 nos
5 3 tons SILLA Dumper Hartz engine 2 nos.
6 BOBCAT B730 backhoe with fork; 1 nos.
7 AIM 4 cubic meters output concrete mixer. 16 cubic meters in one-hour Cummins engine. 1
nos.
  1 year warranty
   

The LEASOR has full legal rights to the above-mentioned equipment list.

The LEASOR is desirous of leasing out the above-mentioned equipment to the lessee.

The LEASEE is desirous of same, subject to the terms and conditions hereinafter stated.

The LEASOR agrees to let and the LEASEE equally agrees to take under these te