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(W <br /> AGREEMENT <br /> THIS AGREEMENT dated the A day of <br /> 197 , given by and between the City of Batesville, Arkansas <br /> ( the "City" ) , lessor, and Batesville Rubber Company ( "BRC" ) , <br /> Lessee, <br /> W I T N E S S E T H: <br /> In consideration of the exercise of the option to <br /> purchase contained in the lease ( the "lease agreement" ) <br /> between the City and BRC, dated October 24, 1960, recorded <br /> in Book L & C 15 at page 115 and Book L & C 15 at page 157, <br /> in the office of the Circuit Clerk of Independence County, <br /> Arkansas, and the payment of the sum of $306, 017 . 89 due as <br /> the option purchase price, the receipt of which hereby is <br /> acknowledged by the Lessor, and in further consideration of <br /> the mutual agreements herein made, the parties agree as <br /> follows: <br /> 1 . The lease heretofore executed between the Lessor <br /> and the Lessee and hereinafter more particularly described, <br /> hereby is terminated and cancelled and shall be of no further <br /> force or effect and the parties hereto .release and relinquish <br /> each other from any and all actions, causes of actions, <br /> claims, demands or damages or liability of any nature whatsoever, <br /> past, present or future, by reason of or arising out of or <br /> existing in connection with the execution of said lease or <br /> any of the terms or provisions thereof. <br /> 2. The lease referred to herein is that certain lease <br /> dated October 24, 1960, executed by and between the Lessor <br /> and the Lessee covering certain real property in the County <br /> of Independence, State of Arkansas, more particularly described <br /> as follows : <br /> Part of the West Half (W 1/2 ) of Section Ten ( 10 ) , <br /> Township Thirteen ( 13 ) North, Range Six ( 6 ) West, <br /> described as follows : Beginning at a point on West <br /> line of Highway 167, said point being 106 feet West and <br />