Common use of Option Process Clause in Contracts

Option Process. To exercise Lessee’s option to purchase Lessee must timely complete and return the attached sales contract on Exhibit “C” and return 3 signed originals to Lessor. The sale shall be according to the terms and conditions contained in said Resale Contract. Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Title: Manager (Signature of Lessee) (Signature of additional Lessee) (Printed Name of Lessee) (Printed Name of additional Lessee) Address: Date: STATE OF TEXAS § COUNTY OF § This Memorandum of Lease (“Memorandum”) is entered into by and between ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ PARTNERS I, LLC., a Texas limited liability company (“Lessor”) and

Option Process. To exercise Lessee’s option to purchase Lessee must timely complete and return the attached sales contract on Exhibit “C” and return 3 signed originals to Lessor. The sale shall be according to the terms and conditions contained in said Resale Contract. Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Title: Manager (Signature of Lessee) (Signature of additional Lessee) (Printed Name of Lessee) (Printed Name of additional Lessee) Address: Date: AREA: TRACT: LOT: STATE OF TEXAS § COUNTY OF § This Memorandum of Lease (“Memorandum”) is entered into by and between ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ PARTNERS I, LLC., a Texas limited liability company (“Lessor”) and