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200212607 <br />"Date of exercise of this Option" shall be the date GRANTEE <br />delivers the exercise of the Option to GRANTOR in person, or, if <br />sent by mail, the third day following the postmark on the envelope <br />containing the exercise of the Option. <br />11. Assignability. This Option and all rights hereunder <br />shall be freely assignable, and if assigned by GRANTEE, any and all <br />acts performable by it hereunder, may be performed by an Assignee, <br />whether the Assignment is made before or after the exercise of this <br />Option. <br />12. Notices. Any notice required hereunder shall be given to <br />the parties hereto as follows: <br />(a) To GRANTOR: <br />DONALD D. STANCE <br />405 S. SAID STREET <br />P.O. BOX 130 <br />CAIRO, NE 68824 <br />(b) To GRANTEE: <br />STANGE, INC. <br />17541 AIRPORT ROAD <br />CAIRO, NE 68824, <br />13. Benefit. This Option shall benefit and bind the parties <br />hereto, their respective heirs, personal representatives and <br />assigns. <br />EXECUTED 2001. 20 /D <br />DONALD D. STANCE, GRANkFOR <br />STANCE, INC., ��// <br />By �GQ. jt¢,Q.L1o.,� <br />President as GRANVEE I <br />STATE OF' NEBRASKA ) <br />)as. <br />COUNTY OF HALL ) <br />Before a Notary Public qualified in said county, personally <br />came BARRY STANGE, who is the President of STANCE, INC., A Nebraska <br />Corporation, known to me to be the identical person who signed the <br />foregoing Option, and acknowledged the execution of it to be his <br />4- <br />