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Page 9 ment and fixtures. Whenever the term "project costs" is used in this Lease Agreement it shall be construed to mean the "construction cost" (as defined in Section 106) plus "Lessor's expenses and costs" (as defined {.n Section 107). Se^ti.cn 3.09. Lessee agrees that, upon completion of the Project, it till enter into possession of and occupy the lands and p-armanent improvements under and pursuant to the terms of this Lease Agreement. During the term of this Lease Agreement Lessee plans to use its best efforts to continuously conduct manufacturing operations at as near maximum capacity as practicable under all pertinent circumstances, but Lessee's judgment in this respect shall be final and conclusive. ARTICLE II TERM OF LEASE AND RENTAL Section 201. Lessor for and in consideration of the rents, covenants and agreements herein reserved, mentioned and contained on the part of Lessee to be paid, kept and performed, agrees to, and does hereby, lease to Lessee, and the Lessee agrees to, and does hereby, lease from Lessor, subject to the terms and conditions in this Lease Agreement expressed, the following: (a) A certain parcel of land situated in the County of Independence and State of Arkansas, to -wit: Part of the West Half (W2) of Section 10, Town- ship 13 North, Range 6 West, described as follows: Beginning at a point on West line of Highway 167, said point being 106 feet West and 659 feet and 10 1/24' South from the Quarter Section corner be- tween Sections 3 and 10, said point being also the Southeast corner of the Felts Motel Tract, (see deed recorded Book Y-6, page 381); thence North 84 degrees West along the South line of said tract and extension thereof 861 feet to a point; thence South 200 feet to a point; thence West 300 feet to a point; thence South 200 feet to a point; thence West 914 feet to a point on the East right- of-way line of Missouri Pacific Railroad; thence along said East right-of-way line, South 36 degrees East 1300 feet and South 32 degrees East 1120 feet to the West right-of-way line of Highway 167; thence along said West right-of-way line North 32 degrees East 900 feet; thence North 21 degrees East 300 feet; thence North 15 degrees East 483 feet; thence North 800 feet to place of beginning, containing 56.2 acres, more or less.