Common use of Initial Option Period and Price Clause in Contracts

Initial Option Period and Price. This initial option shall continue for a period of time extending from the execution of this agreement to and including December 2005. During said period, Optionee shall have the right to purchase Subject Property, at $8,500 per gross acre, for a total purchase price of approximately 33 acres or more. If said option to purchase is exercised, the $1,000 option fee shall be applied to the purchase price. If said option is not exercised within the initial option period, and no extension is requested, said option fee shall be retained by the Owners.

Initial Option Period and Price. This initial option shall continue for a period of time extending from the execution of this agreement to and including December 2005365 days. During said period, Optionee shall have the right to purchase Subject Property, at $8,500 6,000 per gross acre, for a total purchase price of approximately 33 acres or moreto be determined. If said option to purchase is exercised, the $1,000 5,000 option fee shall be applied to the purchase price. If said option is not exercised within the initial option period, and no extension is requested, said option fee shall be retained by the Owners.

Initial Option Period and Price. This initial option shall continue for a period of time extending from the execution of this agreement to and including December 31, 2005. During said period, Optionee shall have the right to purchase Subject Property, at $8,500 8,000.00 per gross acre, for a total purchase price of approximately 33 acres actual surveyed acres, or moreportions of acres, times eight thousand dollars. If said option to purchase is exercised, the $1,000 option fee shall be applied to the purchase price. If said option is not exercised within the initial option period, and no extension is requested, said option fee shall be retained by the Owners.

Initial Option Period and Price. This initial option shall continue for a period of time extending from the execution of this agreement to and including December 2005365 days. During said period, Optionee shall have the right to purchase Subject Property, at $8,500 5,000 per gross acre, for a total purchase price of approximately 33 acres or moreTBD. If said option to purchase is exercised, the $1,000 5,000 option fee shall be applied to the purchase price. If said option is not exercised within the initial option period, and no extension is requested, said option fee shall be retained by the Owners.

Initial Option Period and Price. This initial option shall continue for a period of time extending from the execution of this agreement to and including December 31, 2005. During said period, Optionee shall have the right to purchase Subject Property, at $8,500 8,000.00 per gross acre, for a total purchase price of approximately 33 50 acres or moreactual purchased acres x $8,000.00. If said option to purchase is exercised, the $1,000 1,000.00 option fee shall be applied to the purchase price. If said option is not exercised within the initial option period, and no extension is requested, said option fee shall be retained by the Owners.