EX-10.17
from 10SB12G/A
1 page
Olson Farms, Inc. - March 16, 2000 via Facsimile and U.S. Mail 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
12/34/56
