Please summarise the text delimited by triple quotes:
“””SECTION_0: EX-10.1 2 dex101.htm AIRCRAFT LEASE AGREEMENT
Exhibit 10.1
AIRCRAFT LEASE AGREEMENT
AIRCRAFT LEASE AGREEMENT (“Agreement” or “Lease”) made and dated for reference as of the 17th day of January 2007, at Carlsbad, California.
 
BETWEEN:	  	Heckmann Enterprises, Inc.	  NAME_1
AND:	  	K2 Inc.
W I T N E S S E T H:	  NAME_2
NAME_2 has requested NAME_1 to provide, and NAME_1 is willing to provide the aircraft described in Appendix A annexed hereto for the purpose of leasing the same to NAME_2 for the Term identified in Section 1.
SECTION_1: 1.	TERM OF LEASE.
This Agreement is for both the Aircraft and the Hangar. Subject to NAME_2’s execution and delivery of the Acceptance Certificate attached hereto as Exhibit B, this Agreement will commence immediately on delivery of the Aircraft to NAME_2 by NAME_1 on January 22, 2007. The Agreement will remain in effect until the 31st day of December, 2011, unless otherwise terminated under the terms of this
Agreement (the “Term”). Either NAME_1 or NAME_2 shall have the right to terminate this Agreement at any time upon not less than ninety (90) days prior written notice; provided that such termination shall not affect either party’s obligations hereunder for any period prior to such termination including, without limitation, any party’s maintenance obligations set forth in Section 7.
 
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SECTION_2: 4.	LEASE PAYMENTS.
a.	NAME_2 shall pay NAME_1 rent in the amount of $30,000, such first payment being due on January 22, 2007 and subsequent rent
payments being due on the equivalent day of each succeeding month until the end of the Term.
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