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<br />Governmental Lease Purchase Assignment <br /> <br />This Assignment ("Assignment") between CQ5'S Co. H,' <br />g:J:l4' Me. d"~,^",,,O Co (" Assignee") is dated as 0 <br /> <br />Statement of Purpose <br /> <br /> <br />A. Lessee and Caterpillar Financial Services Corporation ("Lessor") entered into that certain <br />CAT FINANCIAL GOVERNMENTAL LEASE-PURCHASE AGREEMENT dated as <br />of , _ (the "Governmental Lease-Purchase Agreement") <br />pursuant to which Lessor agreed to lease and sell to Lessee certain equipment as <br />described on the Governmental Lease-Purchase Agreement or Exhibit A hereto (the <br />"Property") and Lessee agreed to rent and purchasc the Property from Lessor.. <br /> <br />13. Lessee wishes to assign all of its rights and interests in the Property to Assignee in <br />consideration of Assignee's pre-payment and satisfaction of all obligations of Lessee <br />under the Governmental Lease-Purchase Agreement within thirty (30) days of the date of <br />this Agreement. <br /> <br />C. Under the terms of the Governmental Lease-Purchase Agreement, Lessee may not sell, <br />assign or transfer the Governmental Lease-Purchase Agreement or any right or obligation <br />thereunder or any right in the Property without the prior written consent of Lessor. <br /> <br />NOW, THEREFORE, for good and valuable consideration, the sufficiency and receipt of which <br />is hereby acknowledged, the parties agree as follows: <br /> <br />I. Lessee hereby grants and conveys to Assignee, its successors and assigns, all of Lessee's <br />right, title and interest in and to, and possession of, the Property, subject, however to <br />Lessor's rights under the Governmental Lease-Purchase Agreement and all the terms, <br />conditions and provisions thereof, and upon the condition that the Consent set forth <br />below be executed and delivered by Lessor. This Assignment shall not be effective until <br />the later of (a) the execution and delivery by Lessor of the Consent set forth below, or <br />(bl (the later of (a) or (b) is hereinafter referred to as the <br />"Effective Date"). <br /> <br />2. Assignee agrees to pay in full, within thirty (30) days after the Effective Date (but no <br />later than end of the term of the Governmental Lease-Purchase Agreement with respect to <br />the Property), all amounts then due to Lessor under the Governmental Lease-Purchase <br />Agreement and all amounts which become or would become due to Lessor upon any <br />mandatory or optional purchase of the Property pursuant to the Governmental Lease- <br />Purchase Agreement at such time. <br /> <br />J. In consideration of Lessor's Consent set forth below, Lessee represents and warrants to <br />Lessor that (al the Property has beennsed only by Lessee, and (b) all use of the Property <br />has becn in accordance with the ternlS of the Governmental Lease-Purchase Agreement. <br /> <br />4. In consideration of Lessor's Consent set forth below, Lessee and Assignee agree with <br />Lessor that, (a) until the Effective Date, the Property will continue to be used only by <br />Lessee, and (b) until the Effective Date, all use of the Property will continue to be in <br />accordance with the terms of the Govemmental Lease-Purchase Agreement. <br /> <br />04/23/998: 11 AM <br />