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,
WHEREAS, it appears to each of the parties hereto
that the responsible performance of the agreements hereinafter
set forth by each of them will inure to the financial benefit
of the parties hereto;
NOW, THEREFORE, the premises stated, and in the further
consideration of the sum of Ten Dollars ($10), each to the
other in hand paid, the receipt whereof is respectively acknow-
ledged by the parties, IT IS MUTUALLY UNDERSTOOD AND AGREED
AS FOLLOWS:
1. Unless sooner terminated as hereinafter provided,
this agreement shall extend for a term of ten years beginning
at 12:01 A.M. on January 2, 1981 and expiring at 12:00 Midnight
on January 1, 1992. For the term of this agreement, Hall
will purchase the gasoline and other petroleum products for
resale at the designated filling station exclusively from
Johnson and will pay therefor the current dealer tank wagon
price delivered at site, which payments shall be made in
cash at time of delivery, or at such other times as Johnson
may designate.
2. Hall agrees to operate the service station a suffi-
cient number of hours each day so as to produce a minimum
sales volume of not less than 25,000 gallons each calendar
month of the term or the maximum amount allowed by govern-
mental regulations and restrictions, whichever be the lesser
amount.
3. All of the equipment for marketing gasoline and
related petroleum products, including the hoist, air compressor,
underground tanks, and the like, as well as other properties
that may be by him acquired from the advances hereafter men-
tioned, are and will continue to be the property of Hall,
and the same, together with the real property are to be kept
.
and maintained in first-class operating condition and appearance
at all times.
In order to place this property in first-class
-2-
PEE. KOBLEGARD ~ TEEL. P. A.
ATTORH[Yi AT, LAW
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