Any Tool that’s out more than 30 days will be

INVOICE#__________________ considered sold unless prior arrangements

have been made. **Any Tool with excessive
wear will be subject to additional charge.

EQUIPMENT RENTAL AGREEMENT (LEASE)

SPECIALTY DRILLING TOOLS
T: 405-670-2225 F: 405-670-2232
THIS AGREEMENT, MADE THE ____DAY OF_________________, 20___, BY AND BETWEEN SPECIALTY DRILLING TOOLS
LESSOR

AND _______________________________________.
LESSEE (COMPANY NAME)

LESSOR AND LESSEE, FOR THE CONSIDERATION HEREAFTER NAMED, AGREE AS FOLLOWS:

UNDER THE GENERAL CONDITIONS OF LEASE ATTACHED TO THIS SHEET, LESSOR HEREBY LEASES TO LESSEE ALL
EQUIPMENT NAMED AND IDENTIFIED IN THE FOLLOWING “LIST OF EQUIPMENT,” FOR USE AT SUCH LOCATION
AND AT SUCH RENTAL RATE FOR APPROXIMATELY SUCH TIME AS IT IS THEREIN STATED. LESSOR SHALL FURNISHSUCH
EQUIPMENT, F.O.B.
Rent Rate
Rent Rate Unit Base
DESCRIPTION OF TOOLS: Maint. Fee per Article Day/Mth

LESSOR AND LESSEE, FOR THEMSELVES, THEIR SUCCESSORS, EXECUTORS, ADMINISTRATORS AND ASSIGNS, AGREE
TO THE FULL PERFORMANCE OF THE COVENANTS HEREIN CONTAINED. IN WITNESS THEREOF, THEY HAVE EXECUTED THIS
AGREEMENT THE DAY AND YEAR FIRST ABOVE
WRITTEN:
SIGN OUT TOOL SIGN IN TOOL

____________________________ __________________ _________________________ ____________

Specialty Employee Signature Print Signature of Employee Print

__________________________ ________________ ______________________ ____________

Signature of Lessee Print Signature of Returnee Print

______________________ ________________ ______________________

Phone No. License No. of Lessee Date of Return

Equipment to be used at or near: _______________________________________________________________.

Approximate Rental Period: _______________________________________________________________________.

Any known damage: _____________________________________________________________________________.