OLSON FARMS, INC.
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March 16, 2000 Via Facsimile and U.S. Mail
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Dave Foran
Chief Financial Officer
Industrial Rubber Innovations, Inc.
6801 McDivitt
Bakersfield, CA
Dear Dave,
We have arrived at terms with Pillsbury Company about the leasing of the
building to them. We are in the process of formalizing what has been agreed to.
This will serve as notice to you that you will need to vacate the building as of
April 1st as that is the date they wish to take possession of the building,
which I have agreed to.
As we had previously agreed, if we were successful in working a deal with
Pillsbury, Industrial Rubber Innovations (IRI) would issue 25,000 shares of
publicly traded, unrestricted stock to us. The name that the certificates should
be issued in is Summers Ranch, Inc.
I will let you know as soon as the lease is signed, which should be in a matter
of days, so that you can make delivery of the stock certificates.
Should you have questions, please feel free to call me.
Best regards,
/s/ Rick Trout
Rick Trout
Chief Financial Officer
cc: Michael L. Mills, President
