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N - U� <br />es <br />0 <br />0, - FL <br />z___ r) <br />in <br />MEMORANDUM OF REAL ESTATE PURCHASE AND OPTION AGREEMENT <br />This Memorandum of Real Estate Purchase and Option Agreement <br />( "Memorandum ") is made as of this I(P`day of Ju.r- , 2015, by and <br />between Wildwood Development, LLC, a Nebraska limited liability company <br />( "Buyer "), Grand Island Area Economic Development Corporation, a Nebraska non- <br />profit corporation ( "EDC ") and PVIPE, LLC, a Nebraska limited liability company <br />(individually, "PVIPE" and with EDC, "Seller "). <br />1. Option to Purchase. Seller has granted Buyer an exclusive option to <br />purchase certain real property described in the Real Estate Purchase and Option <br />Agreement of even date herewith (the "Agreement ") for a term of twenty (20) years <br />(subject to early termination as provided in the Agreement). The real property <br />subject to the option to purchase is legally described on Exhibit 1 attached hereto <br />and incorporated herein by this reference. <br />2. Remaining Terms. The rest and remaining terms of the Agreement <br />are hereby incorporated into this Memorandum by this reference as if they were <br />set forth in full. <br />IN WITNESS WHEREOF, the parties have executed this Memorandum as of <br />the date first written above. <br />[SIGNATURE AND NOTARY PAGES TO FOLLOW] <br />