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FES -23-98 15:28 FROM:MARK <br />PRESSMAN ASSOC <br />113:4154210755 PAGE S/ls <br />LEASE <br />WITH <br />OPTION <br />TO <br />PURCHASE AGREEMENT <br />Between <br />Lessor <br />and <br />as Lessee <br />Dated as of <br />THIS LEASE WrM OPTION TO PURCHASE AGREEMENT dated as of , <br />by and between , a corporation duly organized and existing under the <br />laws of the State of as Lessor (the "Lessor"), whose address is <br />and the <br />a subdivision of the State of as Lessee (the "Lessee"), whose address is <br />WITNESSETH <br />WHEREAS, Lessee is authorized by law to acquire such items of personal property as are <br />needed to carry out its governmental functions. and to acquire such personal property be entering into <br />Lease with option to purchase agreements: and <br />W iEREAS, Lessee has determined that it is necessary for it to acquire under this Lease certain <br />items of personal property described herein as equipment; and <br />WHEREAS, Lessor is willing to acquire such items of Equipment and to Lease them to Lessee <br />pursuant to this Lease; <br />NOW THEREFORE, In the joint and mutual exercise of their powers, and in consideration of <br />the inutual covenants herein contained. and for oter valuable consideration, the parties hereto recite <br />and azree as follows: <br />