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� G Z A n't a filts After recording, return to: John Q. Bachman PANSING HOGAN ERNST & BACHMAN LLP 10250 Regency Circle, Suite 300 Omaha, NE 68114 PRELIMINARY STATEMENT DEVELOPER REPURCHASE AGREEMENT ..= C) C m C'7 z --t r _4 n, c -< 0 N Q CT) - n z rn - 73 r mr r "0. CA) y.. C / This Developer Repurchase Agreement (the "Agreement ") is made and entered into this 1'6 day of December, 2013, by and between AMES DEVELOPMENT, LLC, a Nebraska limited liability company, having a mailing address of 13207 F Street, Omaha, Nebraska 68137 (the "Owner "), and ALLEN 281 LLC, a Nebraska limited liability company, having a mailing address of P.O. Box 987, 1115 West 2 Street, Hastings, Nebraska 68902 -0987 (the "Developer "). Contemporaneously with the execution of this Agreement, Owner has acquired from Developer Lot 14, Meadowlark West Third Subdivision, Grand Island, Hall County, Nebraska, as surveyed, platted and recorded (the "Property") pursuant to the terms and conditions set forth in the Real Property Sale Agreement dated September 26, 2013, between the Parties (the "Purchase Agreement "), which acquisition is evidenced by the recordation of a Special Warranty Deed (the "Deed ") from Developer to Owner, which was filed of record prior to the recording of this Agreement. Owner has agreed to grant to Developer an option to repurchase the Property and all improvements and appurtenances thereon, exclusive of movable equipment and fixtures, inventory, signs and other personal property upon certain conditions. TERMS AND CONDITIONS NOW, THEREFORE, in consideration of the foregoing Preliminary Statement, which is incorporated in its entirety in this portion of this Agreement and other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows: