EXHIBIT 10.19
WHEN RECORDED, RETURN TO:
▇▇▇▇▇▇ & ▇▇▇▇, L.L.P.
▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇ ▇. ▇▇▇▇▇, Esq.
A POWER OF SALE HAS BEEN GRANTED IN THE MORTGAGE (AS HEREIN DEFINED) RELATED TO
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THIS AMENDMENT (AS HEREIN DEFINED). A POWER OF SALE MAY ALLOW THE TRUSTEE OR
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THE BENEFICIARY TO TAKE THE MORTGAGED PROPERTY AND SELL IT WITHOUT GOING TO
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COURT IN A FORECLOSURE ACTION UPON DEFAULT BY THE GRANTOR UNDER THE MORTGAGE.
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FIRST AMENDMENT TO MORTGAGE, SECURITY AGREEMENT,
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FINANCING STATEMENT AND ASSIGNMENT OF RENTS
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[OKLAHOMA]
STATE OF OKLAHOMA (S)
(S) KNOW ALL MEN BY THESE PRESENTS:
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COUNTY OF TULSA (S)
THIS FIRST AMENDMENT TO MORTGAGE, SECURITY AGREEMENT, FINANCING STATEMENT
AND ASSIGNMENT OF RENTS (this "Amendment") is executed on October ___, 1995, to
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be effective as of October 16, 1995, by LOWRANCE ELECTRONICS, INC., a Delaware
corporation ("Grantor"), with its principal place of business at 12000 East
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▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ for the benefit of SHAWMUT CAPITAL
CORPORATION, a Connecticut corporation, ("Beneficiary"), successor by assignment
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to Barclays Business Credit, Inc., with offices at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇
▇▇▇▇, ▇▇ 21, ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇.
RECITALS
A. Grantor previously executed that certain Mortgage, Security Agreement,
Financing Statement and Assignment of Rents dated December 15, 1993 and recorded
at Book 5575, Page 1068 of the real property records of Tulsa County, Oklahoma
(as heretofore amended, the "Mortgage"), pursuant to which Grantor granted to
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Beneficiary various liens and security interests on, among other things, the
real property described on Exhibit A attached hereto and incorporated herein by
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reference, and all attachments, fixtures and other property located thereon or
related thereto (collectively, the "Property"). Such liens secured repayment of
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the indebtedness owing from Grantor, Lowrance Contracts, Inc. ("Lowrance
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Contracts"), LEI Extras, Inc. ("LEI") and Lowrance Australia Pty Limited
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("Lowrance Australia") (Grantor, Lowrance Contracts, LEI and Lowrance Australia
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are individually and collectively referred to
1
herein as "Original Borrowers") to Beneficiary, including, but not limited to,
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the indebtedness incurred pursuant to that certain Loan and Security Agreement
dated December 15, 1993, executed by Original Borrowers and Beneficiary (the
"Original Loan Agreement") (the "Secured Indebtedness").
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B. Original Borrowers and Beneficiary desire to (i) amend the Original
Loan Agreement pursuant to the terms and conditions of that certain First
Amendment to Loan and Security Agreement dated as of the date hereof by and
among Original Borrowers, Sea Electronics, Inc. ("Sea Electronics") (Original
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Borrowers and Sea Electronics are individually and collectively referred to
herein as "Borrowers") and Grantor (the "First Amendment") (the Original Loan
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Agreement, as amended by the First Amendment, and as otherwise amended, modified
and revised from time to time is herein, the "Loan Agreement") (the Loan
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Agreement and all contracts, instruments, documents and agreements related
thereto and/or executed in connection therewith are collectively referred to
herein as the "Loan Documents") to (a) re-advance to Borrower a portion of the
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Term Loan that was previously repaid to Beneficiary and (b) include Sea
Electronics as a borrower under the Loan Agreement, and (ii) preserve, maintain
and carry forward all of the liens and security interests previously granted to
Beneficiary in the Mortgage and the other contracts, instruments, documents and
agreements executed in connection therewith, such that such liens and security
interests will apply to all indebtedness incurred by Grantor under the First
Amendment.
NOW, THEREFORE, in consideration of the premises herein contained and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties, intending to be legally bound, agree as follows:
ARTICLE I
DEFINITIONS
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1.01 Unless otherwise defined herein, capitalized terms shall have the
meaning ascribed to them in the Mortgage.
ARTICLE II
AMENDMENTS
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2.01 AMENDMENT TO DEFINITIONS. Section 1.1 of the Mortgage is hereby
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amended by deleting the definitions of "Loan Agreement" and "Term Note"
therefrom and substituting the following definitions therefor, as applicable:
"`Loan Agreement' means the Loan and Security Agreement among Grantor,
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LEI Extras, Inc., Lowrance Contracts, Inc., Lowrance Australia Pty Limited
and Beneficiary dated December 15, 1993, as the same has been amended by
the First Amendment Agreement and as otherwise renewed, extended, amended,
modified and restated from time to time."
2
"`Term Note' means that certain Amended and Restated Secured
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Promissory Note dated as of October 16, 1995, in the original principal
amount of $3,500,000, executed by Borrower and payable to the order of
Beneficiary, any and all renewals, modifications, increases and extensions
of such note, and any and all notes executed in substitution for such
note."
2.02 INCLUSION OF DEFINITIONS. Section 1.1 of the Mortgage is hereby
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amended by inserting the following definitions therein in alphabetical order:
"First Amendment Agreement means that certain First Amendment to Loan and
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Security Agreement dated as of October 16, 1995, by and between Beneficiary
and Borrower."
"`Revolving Credit Loans' is defined in the Loan Agreement."
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ARTICLE III
NO WAIVER
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3.01 Except as otherwise specifically provided for in this Amendment,
nothing contained herein shall be construed as a waiver by Beneficiary of any
covenant or provision of the Mortgage, the Loan Agreement, this Amendment, or of
any other contract or instrument between Grantor and Beneficiary, and
Beneficiary's failure at any time or times hereafter to require strict
performance by Grantor of any provision thereof shall not waive, affect or
diminish any right of Beneficiary to thereafter demand strict compliance
therewith. Beneficiary hereby reserves all rights granted under the Loan
Agreement, the other Loan Documents, this Amendment and any other contract or
instrument between Grantor and Beneficiary.
ARTICLE IV
RATIFICATIONS, REPRESENTATIONS AND WARRANTIES
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4.01 RATIFICATIONS. The terms and provisions set forth in this Amendment
shall modify and supersede all inconsistent terms and provisions set forth in
the Mortgage, the Loan Agreement and the other Loan Documents, and, except as
expressly modified and superseded by this Amendment, the terms and provisions of
the Mortgage, the Loan Agreement and the other Loan Documents are ratified and
confirmed and shall continue in full force and effect. Grantor and Beneficiary
agree that the Mortgage, as amended hereby, the Loan Agreement and the other
Loan Documents shall continue to be legal, valid, binding and enforceable in
accordance with their respective terms.
4.02 REPRESENTATIONS AND WARRANTIES. Grantor hereby represents and
warrants to Beneficiary that (a) the execution, delivery and performance of this
Amendment and any and all other Loan Documents executed and/or delivered in
connection herewith have been authorized by all requisite corporate action on
the part of Grantor and will not violate the Certificate of Incorporation or
Bylaws of Grantor; (b) the representations and warranties contained in the
Mortgage, as amended hereby, the Loan Agreement and any other Loan Document are
true and
3
correct on and as of the date hereof and on and as of the date of execution
hereof as though made on and as of each such date; (c) no Default or Event of
Default under the Mortgage, as amended hereby, the Loan Agreement or any other
Loan Document has occurred and is continuing, unless such Default or Event or
Default has been specifically waived in writing by Beneficiary; and (d) Grantor
is in full compliance with all covenants and agreements contained in the
Mortgage, as amended hereby, the Loan Agreement and the other Loan Documents, as
amended hereby.
ARTICLE V
MISCELLANEOUS PROVISIONS
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5.01 SURVIVAL OF REPRESENTATIONS AND WARRANTIES. All representations and
warranties made in the Mortgage, the Loan Agreement or any other Loan Document,
including, without limitation, any document furnished in connection with this
Amendment, shall survive the payment in full of the Secured Indebtedness and the
termination of Lender's obligation to make Revolving Credit Loans (as defined in
the Loan Agreement) under the Loan Agreement for a period of four (4) years
beyond the date of such payment in full and termination, and no investigation by
Beneficiary or any closing shall affect the representations and warranties or
the right of Beneficiary to rely upon them.
5.02 REFERENCE TO LOAN AGREEMENT. Each of the Mortgage, the Loan Agreement
and the other Loan Documents, and any and all other agreements, documents or
instruments now or hereafter executed and delivered pursuant to the terms hereof
or pursuant to the terms of the Mortgage, as amended hereby, the Loan Agreement
or any other Loan Document are hereby amended so that any reference in the
Mortgage, the Loan Agreement or the other Loan Documents to the Mortgage shall
mean a reference to the Mortgage as amended hereby.
5.03 EXPENSES OF BENEFICIARY. As provided in the Loan Agreement, Grantor
agrees to pay on demand all costs and expenses incurred by Beneficiary in
connection with the preparation, negotiation and execution of this Amendment and
the other Loan Documents to be executed in connection herewith and any and all
amendments, modifications, and supplements thereto, including, without
limitation, the costs and fees of Beneficiary's legal counsel, and all costs and
expenses incurred by Beneficiary in connection with the enforcement or
preservation of any rights under the Loan Agreement, as amended hereby, or any
other Loan Document, including, without limitation, the costs and fees of
Beneficiary's legal counsel.
5.04 SEVERABILITY. Any provision of this Amendment held by a court of
competent jurisdiction to be invalid or unenforceable shall not impair or
invalidate the remainder of this Amendment and the effect thereof shall be
confined to the provision so held to be invalid or unenforceable.
5.05 SUCCESSORS AND ASSIGNS. This Amendment is binding upon and shall
inure to the benefit of Beneficiary and Grantor and their respective successors
and assigns, except Grantor may not assign or transfer any of its rights or
obligations hereunder without the prior written consent of Beneficiary.
4
5.06 COUNTERPARTS. This Amendment may be executed in one or more
counterparts, each of which when so executed shall be deemed to be an original,
but all of which when taken together shall constitute one and the same
instrument.
5.07 EFFECT OF WAIVER. No consent or waiver, express or implied, by
Beneficiary to or for any breach of or deviation from any covenant or condition
by Grantor shall be deemed a consent to or waiver of any other breach of the
same or any other covenant, condition or duty.
5.08 HEADINGS. The headings, captions, and arrangements used in this
Amendment are for convenience only and shall not affect the interpretation of
this Amendment.
5.09 GOVERNING LAWS. THE SECURED INDEBTEDNESS HAS BEEN CREATED PURSUANT
TO THE LOAN AGREEMENT WHICH WAS EXECUTED AND DELIVERED IN THE STATE OF TEXAS; IT
BEING THE EXPRESS INTENT AND AGREEMENT OF GRANTOR AND BENEFICIARY THAT THE
SECURED INDEBTEDNESS BE CONSTRUED AND GOVERNED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF TEXAS. NOTWITHSTANDING SUCH INTENTION AND AGREEMENT THAT THE LAWS
OF THE STATE OF TEXAS SHALL GOVERN THE SECURED INDEBTEDNESS, GRANTOR AND THE
BENEFICIARY EXPRESSLY COVENANT AND AGREE THAT THE LAWS OF THE STATE WHERE ANY
PORTION OF THE MORTGAGED PROPERTY IS LOCATED SHALL APPLY TO ENFORCEMENT OF THE
POWER OF SALE AND THE OTHER RIGHTS AND REMEDIES CREATED THE MORTGAGE WHICH ARE
GIVEN AGAINST SUCH PART OF THE MORTGAGED PROPERTY WHICH CONSISTS OF REAL
PROPERTY LOCATED WITHIN SUCH STATE, AND THAT THE UNIFORM COMMERCIAL CODE SHALL
APPLY TO THE RIGHTS AND REMEDIES CREATED THE MORTGAGE WHICH ARE GIVEN AGAINST
SUCH PART OF THE MORTGAGED PROPERTY WHICH CONSISTS OF PERSONAL PROPERTY. THE
SUBSTANTIVE LAWS OF THE STATE OF TEXAS SHALL GOVERN THE VALIDITY, CONSTRUCTION,
ENFORCEMENT, AND INTERPRETATION OF THIS AMENDMENT, AND THE OTHER LOAN DOCUMENTS,
UNLESS OTHERWISE SPECIFIED THEREIN.
5.10 FINAL AGREEMENT. THE MORTGAGE, AS AMENDED HEREBY, THE LOAN AGREEMENT
AND THE OTHER LOAN DOCUMENTS REPRESENT THE ENTIRE EXPRESSION OF THE PARTIES WITH
RESPECT TO THE SUBJECT MATTER HEREOF ON THE DATE THIS AMENDMENT IS EXECUTED.
THE MORTGAGE, AS AMENDED HEREBY, THE LOAN AGREEMENT AND THE OTHER LOAN DOCUMENTS
MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL
AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE
PARTIES. NO MODIFICATION, RESCISSION, WAIVER, RELEASE OR AMENDMENT OF ANY
PROVISION OF THIS AMENDMENT SHALL BE MADE, EXCEPT BY A WRITTEN AGREEMENT SIGNED
BY GRANTOR AND BENEFICIARY.
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5.11 RELEASE. GRANTOR HEREBY ACKNOWLEDGES THAT IT HAS NO DEFENSE,
COUNTERCLAIM, OFFSET, CROSS-COMPLAINT, CLAIM OR DEMAND OF ANY KIND OR NATURE
WHATSOEVER THAT CAN BE ASSERTED TO REDUCE OR ELIMINATE ALL OR ANY PART OF ITS
LIABILITY TO REPAY THE "SECURED INDEBTEDNESS" OR TO SEEK AFFIRMATIVE RELIEF OR
DAMAGES OF ANY KIND OR NATURE FROM BENEFICIARY. GRANTOR HEREBY VOLUNTARILY AND
KNOWINGLY RELEASES AND FOREVER DISCHARGES BENEFICIARY, ITS PREDECESSORS, AGENTS,
EMPLOYEES, SUCCESSORS AND ASSIGNS, FROM ALL POSSIBLE CLAIMS, DEMANDS, ACTIONS,
CAUSES OF ACTION, DAMAGES, COSTS, EXPENSES, AND LIABILITIES WHATSOEVER, KNOWN OR
UNKNOWN, ANTICIPATED OR UNANTICIPATED, SUSPECTED OR UNSUSPECTED, FIXED,
CONTINGENT, OR CONDITIONAL, AT LAW OR IN EQUITY, ORIGINATING IN WHOLE OR IN PART
ON OR BEFORE THE DATE THIS AMENDMENT IS EXECUTED, WHICH THE GRANTOR MAY NOW OR
HEREAFTER HAVE AGAINST BENEFICIARY, ITS PREDECESSORS, AGENTS, EMPLOYEES,
SUCCESSORS AND ASSIGNS, IF ANY, AND IRRESPECTIVE OF WHETHER ANY SUCH CLAIMS
ARISE OUT OF CONTRACT, TORT, VIOLATION OF LAW OR REGULATIONS, OR OTHERWISE, AND
ARISING FROM ANY "LOANS", INCLUDING, WITHOUT LIMITATION, ANY CONTRACTING FOR,
CHARGING, TAKING, RESERVING, COLLECTING OR RECEIVING INTEREST IN EXCESS OF THE
HIGHEST LAWFUL RATE APPLICABLE, THE EXERCISE OF ANY RIGHTS AND REMEDIES UNDER
THE LOAN AGREEMENT OR THE OTHER LOAN DOCUMENTS, AND NEGOTIATION FOR AND
EXECUTION OF THIS AMENDMENT.
Executed and effective as of the dates indicated above.
GRANTOR:
LOWRANCE ELECTRONICS, INC.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, President
SHAWMUT CAPITAL CORPORATION
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
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▇▇▇▇▇ ▇▇▇▇▇▇▇▇, Vice President
EXHIBIT:
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A - Property Description
6
THE STATE OF OKLAHOMA (S)
(S)
COUNTY OF TULSA (S)
This instrument was acknowledged before me on October ___, 1995, by ▇▇▇▇▇▇▇
▇. ▇▇▇▇▇▇▇▇, the President of Lowrance Electronics, Inc., a Delaware
corporation, on behalf of said corporation.
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Notary Public in and for said
County and State
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Notary's Printed Name
My Commission Expires:
Sept. 5, 1999
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THE STATE OF TEXAS (S)
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(S)
COUNTY OF DALLAS (S)
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This instrument was acknowledged before me on October 13 , 1995, by ▇▇▇▇▇
--
▇▇▇▇▇▇▇▇, Vice President of Shawmut Capital Corporation, a Connecticut
corporation, on behalf of said corporation.
/s/ ▇▇▇▇▇ ▇▇▇▇
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Notary Public in and for said
County and State
▇▇▇▇▇ ▇▇▇▇
---------------------------------
Notary's Printed Name
My Commission Expires:
5/8/97
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7
EXHIBIT A
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PROPERTY DESCRIPTION
(See attached)
A-1
TRACT 1:
THE WEST HALF (W/2) OF LOT THIRTY-FIVE (35), PLAINVIEW HEIGHTS ADDITION, AN
ADDITION TO THE CITY OF TULSA, TULSA COUNTY, STATE OF OKLAHOMA, ACCORDING TO THE
RECORDED PLAT THEREOF.
TRACT 2:
THE NORTH EIGHTY (80) FEET OF THE EAST HALF (E/2) OF LOT THIRTY-FIVE (35),
PLAINVIEW HEIGHTS ADDITION, AN ADDITION TO THE CITY OF TULSA, TULSA COUNTY,
STATE OF OKLAHOMA, ACCORDING TO THE RECORDED PLAT THEREOF.
TRACT 3:
THE SOUTH EIGHTY AND ONE HALF (80.5) FEET OF THE EAST HALF (E/2) OF LOT
THIRTY-FIVE (35), PLAINVIEW HEIGHTS ADDITION, AN ADDITION TO THE CITY OF TULSA,
TULSA COUNTY, STATE OF OKLAHOMA, ACCORDING TO THE RECORDED PLAT THEREOF.
TRACT 4:
ALL OF LOT THIRTY-SIX (36) AND THE WEST 489.0 FEET OF LOT THIRTY-SEVEN (37),
PLAINVIEW HEIGHTS ADDITION, AN ADDITION TO THE CITY OF TULSA, TULSA COUNTY,
STATE OF OKLAHOMA, ACCORDING TO THE RECORDED PLAT THEREOF.
TRACT 5:
THE EAST ONE HUNDRED FIFTY (150) FEET OF LOT THIRTY-SEVEN (37), PLAINVIEW
HEIGHTS ADDITION, AN ADDITION TO THE CITY OF TULSA, TULSA COUNTY, STATE OF
OKLAHOMA, ACCORDING TO THE RECORDED PLAT THEREOF.
TRACT 6:
THE NORTH SIXTY-FIVE (65) FEET OF THE WEST ONE HUNDRED FIFTY-FIVE (155) FEET OF
THE EAST ONE HUNDRED SIXTY (160) FEET OF LOT THIRTY-EIGHT (38), IN PLAINVIEW
HEIGHTS ADDITION, AN ADDITION TO THE CITY OF TULSA, TULSA COUNTY, STATE OF
OKLAHOMA, ACCORDING TO THE RECORDED PLAT THEREOF.
TRACT 7:
THE WEST 139.5 FEET OF THE EAST 299.5 FEET OF THE SOUTH HALF (S/2) OF LOT
THIRTY-NINE (39) AND THE WEST 139.5 FEET OF THE EAST 299.5 FEET OF THE NORTH
140.5 FEET OF LOT THIRTY-EIGHT (38), IN PLAINVIEW HEIGHTS ADDITION, AN ADDITION
TO THE CITY OF TULSA, TULSA COUNTY, STATE OF OKLAHOMA, ACCORDING TO THE RECORDED
PLAT THEREOF.
TRACT 8:
THE EAST ONE HUNDRED SIXTY (160) FEET OF THE SOUTH HALF (S/2) OF LOT THIRTY-NINE
(39), PLAINVIEW HEIGHTS ADDITION, AN ADDITION TO THE CITY OF TULSA, TULSA
COUNTY, STATE OF OKLAHOMA, ACCORDING TO THE RECORDED PLAT THEREOF.
TRACT 9:
THE WEST HALF (W/2) OF THE NORTH HALF (N/2) OF LOT THIRTY-NINE (39). PLAINVIEW
HEIGHTS ADDITION, AN ADDITION TO THE CITY OF TULSA, TULSA COUNTY, STATE OF
OKLAHOMA, ACCORDING TO THE RECORDED PLAT THEREOF.
TRACT 10:
LOT THREE (3), BLOCK ONE (1), LESS THE SOUTH FIFTY (50) FEET THEREOF, AND LESS A
STRIP, PIECE OR PARCEL OF LAND LYING IN PART OF ▇▇▇ ▇, ▇▇▇▇▇ ▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
ADDITION TO THE CITY OF TULSA IN TULSA COUNTY, OKLAHOMA. SAID PARCEL OF LAND
BEING DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING AT A POINT ON THE
PRESENT EASTERLY RIGHT-OF-WAY LINE OF INTERSTATE HIGHWAY NO. 44, A DISTANCE OF
142.42 FEET NORTHEASTERLY OF THE POINT WHERE SAID RIGHT-OF-WAY LINE INTERSECTS
THE SOUTH LINE OF SAID LOT 3, THENCE NORTHEASTERLY ALONG SAID RIGHT-OF-WAY LINE
OF SAID LOT 3 A DISTANCE OF 100.00 FEET, THENCE S 41 DEGREES 30' 16" W A
DISTANCE OF 99.42 FEET TO POINT OF BEGINNING. ALSO: BEGINNING AT A POINT ON THE
PRESENT EASTERLY RIGHT-OF-WAY LINE OF INTERSTATE HIGHWAY NO. 44 AND THE WEST
LINE OF SAID LOT 3, A DISTANCE OF 432.87 FEET EAST OF AND 449.92 FEET NORTH OF
THE SW CORNER OF SAID LOT 3, THENCE NORTHEASTERLY ALONG SAID RIGHT-OF-WAY AND
LOT LINE A DISTANCE OF 15.00 FEET TO A JOG IN SAID RIGHT-OF-WAY AND LOT LINE,
THENCE SOUTHEASTERLY ALONG SAID JOG A DISTANCE OF 40.00 FEET, THENCE S 47
DEGREES 39' 49" W A DISTANCE OF 15.00 FEET, THENCE N 42 DEGREES 20' 11" W A
DISTANCE OF 40.00 FEET TO A POINT OF BEGINNING, CONTAINING IN BOTH PARCELS 0.02
ACRES, MORE OR LESS, LOWRANCE SQUARE, A RESUBDIVISION OF ▇▇▇▇▇▇ SQUARE AND PART
OF THE SE/4 OF THE SW/4 OF SECTION 5, T-19-N, R-14-E, TULSA COUNTY, STATE OF
OKLAHOMA, ACCORDING TO THE RECORDED PLAT NO. 3031.
TRACT 11:
▇▇▇ ▇▇▇ (▇), ▇▇▇▇▇ ▇▇▇ (▇), ▇▇▇▇▇▇ TRADE CENTER, AN ADDITION TO THE CITY OF
TULSA, TULSA COUNTY, STATE OF OKLAHOMA, ACCORDING TO THE RECORDED PLAT THEREOF.