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Exhibit 4(i)
RELEASE AGREEMENT
RELEASE AGREEMENT dated as of November 1, 1995,
by and between the City of Xxxxxxx, Arkansas (the "Lessor"), and
MRL, Inc. (successor in interest to Missouri Research
Laboratories, Inc.), a corporation organized under and existing
by virtue of the laws of the State of Missouri (the "Lessee"):
WITNESSETH:
WHEREAS, the Lessor and the Lessee entered into
a Lease and Agreement dated as of May 1, 1984 (the "Lease"),
pursuant to which the Lessor leased to the Lessee certain
industrial machinery and equipment described in Exhibit A
attached hereto (the "leased equipment") and located at the
Lessee's plant (for informational purposes only, the plant site
is described in Exhibit B attached hereto), which Lease was filed
and recorded in the office of the Circuit Clerk and Ex Officio
Recorder of Clay County, Arkansas as Instrument No. 786, Book 11,
Page 81; and
WHEREAS, in accordance with the terms of the
Lease, the Lessee has paid in full all rent due under the Lease
and exercised its option to purchase the leased equipment and
terminate the Lease;
NOW, THEREFORE, the Lessor and the Lessee
declare that the Lease, and all obligations and duties of the
Lessor and the Lessee under the Lease, are terminated.
IN WITNESS WHEREOF, the Lessor and the Lessee
have caused this Release Agreement to be executed and delivered
by their duly authorized officials and officers as of the date
first above written.
ATTEST: CITY PIGGOTT, ARKANSAS
/s/ Xxxx Xxxx By: /s/ Xxxxxxx Xxxxxxx
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City Clerk Mayor
(SEAL)
MRL, INC.
ATTEST:
By: /s/ Xxxxx X. Xxxxxxxxx
/s/ Xxxxx X. Xxxxx ----------------------------
------------------------------ President
Chief Financial Officer ----------------------------
------------------------------
(SEAL)
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ACKNOWLEDGMENT
STATE OF ARKANSAS )
COUNTY OF CLAY )
Before me, a Notary Public duly commissioned,
qualified and acting, within and for the County and State
aforesaid, appeared in person the within named Xxxxxxx Xxxxxxx
and Xxxx Xxxx, Mayor and City Clerk, respectively, of the City of
Xxxxxxx, Arkansas (the "City"), to me personally well known, who
stated that they were duly authorized in their respective
capacities to execute the foregoing instrument for and in the
name and on behalf of the City, and further stated and
acknowledged that they had so signed, executed and delivered the
foregoing instrument for the consideration, uses and purposes
therein mentioned and set forth.
IN TESTIMONY WHEREOF, I have hereunto set my
hand and official seal this ---- day of November, 1995.
/s/ Xxxx X. Xxxxxx
--------------------------------
Notary Public
My Commission expires:
10-16-2002
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(SEAL)
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ACKNOWLEDGMENT
STATE OF MISSOURI
COUNTY OF ST. XXXXXXX
Before me, a Notary Public duly commissioned,
qualified and acting, within and for the County and State
aforesaid, appeared in person the within named Xxxxx X.
--------
Xxxxxxxxx and Xxxxx X. Xxxxx, President and Chief Financial
--------- -------------- --------- ---------------
Officer, respectively, of MRL, Inc., a Missouri corporation, to
-------
me personally well known, who stated that they were duly
authorized in their respective capacities to execute the
foregoing instrument for and in the name and behalf of the
corporation, and further stated and acknowledged that they had so
signed, executed and delivered the foregoing instrument for the
consideration, uses and purposes therein mentioned and set forth.
IN TESTIMONY WHEREOF, I have hereunto set my
hand and official seal this 31st day of October, 1995.
---- -------
/s/ Xxxxx X. Xxxxx
--------------------------------
Notary Public
My Commission expires:
6-12-98
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(SEAL)
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EXHIBIT A
DESCRIPTION OF LEASED EQUIPMENT
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4P-3065, Board Test
System and Accessories
(Hewlett-Packard)
Wave Soldering System
Part No. 700B-16" F
(Xxxx Xxxxxxx Co.)
TRL-S Aquedus Cleaning System
(Xxxx Xxxxxxx Co.)
Automatic Dip Inserter
S/N 22084099 (D) Inserter
S/N 22084235 (H) Controller
(Contact Systems, Inc.)
52-Spindle Universal
Cable Brading Machine
Numeridex 7000 EPS
Numeripower Programming
System
Model 2600 Series IV
Automatic Wire Stripper
Tab Model MA-200-BD
Wire Marker
Accessories
(Xxxxxxx Engineering)
Axial Lead Former with
Radial Lead Cutter
S/N 3745801
(Xxxxxx Industries)
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EXHIBIT B
DESCRIPTION OF PLANT SITE
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The following described real estate situated in the Eastern
District of Clay County, Arkansas, to wit:
A part of the XX-0/0 XX-0/0 of Section 11 and together
with a part of the SW-1/4 NW-1/4 of Section 12, all in
Township 20 North, Range 8 East of the Fifth Principal
Meridian, more particularly described as follows: Beginning
at the southeast corner of the said XX-0/0 XX-0/0 of Section
11 and run thence west 528 feet, thence north 0 degrees 15
minutes west 176 feet, thence west 132 feet thence north 0
degrees 15 minutes west 484 feet, thence east 520 feet,
thence north 0 degrees 15 minutes west 137 feet thence east
140 feet, thence south 0 degrees 15 minutes east 137 feet,
thence east 100 feet, thence south 0 degrees 15 minutes east
660 feet, thence west 100 feet to the point of beginning,
containing 11.43 acres, more or less, in the Eastern
District of Clay County, Arkansas.
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