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Em RENEWAL LEASE AGREEMENT THIS AGREEMENT, made and entered into this 24th day of October, 1960, by and between the City of Batesville, Arkansas, a city of the first class, (hereinafter referred to as "Lessor") and Batesville Rubber Company, an Arkansas corporation, with its principal offices in Batesville, Arkansas, (hereinafter referred to as "Lessee"). WHEREAS, on the 24th day of October, 1960, the Lessee entered into a certain Lease Agreement for certain premises located in Independence County, Arkansas, together with a building, improvements, machinery, and equipment as specifically set forth in said Lease, and WHEREAS, as a part of the consideration for the Lessee entering into said lease, the Lessor gives to the Lessee an option to renew this lease on the expiration of the initial term for an additional term pursuant to an Agreement entered into contempora- neously with said original Lease Agreement. NOW, THEREFORE, in consideration of the covenants and undertakings herein expressed, the parties do hereby enter into such contemporaneous agreement as follows: The Lessor hereby demises and leases to the Lessee and the Lessee does hereby rent and hire from the Lessor those certain premises located in the County of Independence and State of Arkansas, more particularly described as follows: Part of the West Half (W-1) of Section 10, Township 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 1/2" South from the Quarter Section corner between 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.