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EXHIBIT I <br />STATE OF TEXAS i <br />COUNTY OF LAMAR k <br />THIS AGREEMENT OF OPTION TO LEASE made this the <br />9th day of August <br />, 1971 by and between the CITY OF PAR,IS, <br />TEXAS, acting by and through James Farris, its mayor, duly authorized, <br />known herein as LESSOR, and AGPRO, INC., a corporation, acting <br />by and through T. A. Gribble, its treasurer, duly authorized, known <br />herein as LESSEE, WITNESSETH: <br />That the said Lessor for and in consideration of TEN AND <br />NO/100 DOLLAR,S to it in hand paid by LESSEE does by these presents <br />GRANT unto Lessee an option to lease the following described property, <br />to-wit: <br />Three tracts of land containing a total of <br />approximately 410 acres of iand located East of <br />the City of Paris, Texas, and being a part of that <br />certain property belonging to the City of Paris <br />known as the Cox Field Airport property, said <br />property being shown as Tract 1, Tract 2 and Tract <br />3 on Exhibit A hereto attached. <br />The options to lease said property being granted the Lessee for the <br />respective tracts and upon the terms ancl conditions as follows: <br />1. Lessee shall have an option to lease Tract 1 on Exhibit <br />A to contain 9. 981 acres of land at any time within two years of this <br />date for a primary term of 15 years provided Lessee shall const ruct <br />and erect a manufacturing facility on suid 1 Y'aCt 1, manufacturing the <br />products of Lessee, said lease i:o commence 90 days after Lessee gives <br />Lessor no-Lice that it exercises said option and to continue for aprimary <br />Lerm of l:fteen years from said date. Lessee is to pay to Lessor a~ <br />Paris, Texas, the sum of $250. 00 per annum for said leased premises, <br />the first of which payments shall be made t he d a y t h e 1 e a s e <br />