2

later than August 1, 1953, and is to be done in a
manner satisfactory to The Kroger Co. under the terms
of said lease agreement.

2. The parties of the first part agree that upon com-
pletion of the said building there will be no encum-
brances against the same and that they will submit
upon the request of the parties of the second part
complete lien releases.

3. That the parties of the second part will pay to
the parties of the first part the said sum of ($146,000)
ONE HUNDRED FORTY-SIX THOUSAND DOLLARS as follows:

($50,000) FIFTY THOUSAND DOLLARS immediately
and the balance to be paid in installments on
a monthly basis as the work is completed and
as bona fide statements are submitted to the
parties of the second part each; the
last payment is to be made not later than 30
days after the final acceptance of said build-
ing by the parties of the second part and by
The Kroger Co..

In Testimony Whereof the said parties of the first part and
the parties of the second part have hereunto set their hands and
seals the day and year first above written.

Elinor H. Black Witness [of] J. W. Coltrane (SEAL)
Elinor H. Black Witness [of] Eva H. Coltrane (SEAL)
Elinor H. Black Witness [of] J. R. Graham (SEAL)
Elinor H. Black Witness [of] Sallie Graham (SEAL)
J. V. Morgan Witness [of] J. Welch Harriss (SEAL)
J. V. Morgan Witness [of] Elizabeth H. Covington (SEAL)