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(5) consecutive days after written notice is given by Lessor, or if during the term of this Lease or any
<br /> extension thereof, bankruptcy or insolvency proceedings shall be commenced by or against the Lessee, or if
<br /> 46 the Lessee shall make an assignment for the benefit of creditors, or if any action shall be taken against or by
<br /> the Lessee to accomplish any such purpose, or if a receiver of the property or business of the Lessee shall
<br /> be appointed, or if Lessee shall have permitted or suffered any distress, attachment, levy or execution to be
<br /> made or levied against any or all of the property of Lessee, or any of the Lessee's representations or
<br /> warranties or any statement given in connection herewith shall be false or misleading in any material respect,
<br /> or if any party thereto breaches or repudiates any guaranty, subordination agreement or other agreement
<br /> running in favor of Lessor obtained in connection with this Lease, then in any such event, all unpaid periodic
<br /> rentals shall thereupon be immediately due and payable by the lessee to the Lessor without notice or
<br /> demand, and as permitted by law, the Lessee hereby authorizes and empowers the Lessor to enter the
<br /> premises or any other place where any Leased Property may be found, to take possession and carry away
<br /> and remove the said Leased Property, with or without legal process, and thereby terminate the Lessee's right
<br /> of retention and use of said Leased Property. Lessor may then sell any such repossessed Leased Property
<br /> with or without advertisement and without notice to Lessee at public or private sale and after deducting all
<br /> costs and expenses of repossession and sale, including a reasonable attorney's fee, all of which Lessee
<br /> agrees to pay, credit the remaining sales price against the aggregate amount owed by Lessee to Lessor or,
<br /> pursuant to this Lease or herein mentioned, shall not be deemed exclusive but rather shall be cumulative and
<br /> in addition to all other rights and remedies in Lessor's favor existing by law.
<br /> 16. TERMINATION AS TO INDIVIDUAL ITEMS OF LEASED PROPERTY. This Lease will
<br /> terminate with respect to any item of Leased Property at the end of the lease term. Upon termination of the
<br /> Lease, as to any item of Leased Property, Lessee agrees to (a) return the property to such place as Lessor
<br /> may reasonably require in as good condition as it was when received by Lessee, ordinary wear and tear
<br /> excepted, or (b) Lessee shall have the option to purchase Leased Property at the fair market value as
<br /> determined by an outside appraiser acceptable to Lessor and Lessee or a nationally recognized publication,
<br /> E in an amount not to exceed $2,000.00.
<br /> 17. OPTION TO PURCHASE. Provided the Lessee is not in default hereunder, upon giving
<br /> written notice to Lessor at least thirty (30) days prior to the termination of this Lease as to any item of Leased
<br /> I Property, Lessee shall have the option to purchase such Leased Property at the fair market value as
<br /> determined by an outside appraiser acceptable to Lessor and Lessee or a nationally recognized publication,
<br /> in an amount not to exceed $2,000.00.
<br /> 18. SUCCESSORS BOUND. This instrument constitutes the entire agreement between the
<br /> parties and shall be binding on the respective parties and their respective
<br /> heirs, executors, administrators, their legal representatives, successors and assigns. This agreement shall
<br /> not be amended or altered in any manner unless such amendment be endorsed in writing and signed on
<br /> behalf of the parties hereto.
<br /> 19. NOTICE. Any request, demand, authorization, direction, notice, consent, waiver, or other
<br /> instrument or document provided by this Lease to be made upon, given or furnished to, or filed with Lessor or
<br /> Lessee, shall be in writing and shall be deemed to have been given or made when placed in the mail with
<br /> first class postage prepaid to Lessor or Lessee as indicated in the opening paragraph of this Lease or at
<br /> such other address as may have been previously and most recently furnished in writing by either party.
<br /> 20. EXECUTED IN DUPLICATE. This Lease and Schedules attached hereto have been
<br /> executed in duplicate, each of which copies shall be deemed to be an original.
<br /> 21. JURISDICTION. This Lease has been executed as an agreement of the State of Arkansas,
<br /> and it and the rights and duties of the parties hereunder shall be construed in accordance with and governed
<br /> by the laws of the state of Arkansas.
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