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200801983 given. Notices shall be addressed as shown below or to such other address as may be specified from time to time in writing by either party: To Developer: Allen Phase III LLC 1115 West 2nd Street P.O. Box 987 Hastings, Nebraska 68902 Attention: Robert M. Allen To Owner: Brian 1. McMahon and Lori A. McMahon P.O. Box 2431 Grand island, Nebraska 68802 B. The provisions of this Agreement are not intended to create, nor shall they in any way be interpreted to create, a joint venture, a partnership, or any other similar relationship between the parties. C. The captions heading the various sections of this Agreement are for convenience and identification only, and shall not be deemed to limit or define the contents of their respective sections. D. This Agreement, and all of its exhibits and incorporated documents, constitutes the entire integrated agreement between Owner and Developer relating to the items described herein, and supersedes all prior negotiations, representations, understandings and agreements, either written or oral. E. This Agreement shall be interpreted according to Nebraska law. The invalidity of any provision of this Agreement shall not affect the remaining provisions. One or more waivers of a default shall not be deemed a waiver of a later default. F. In the event Developer does not respond to Owner's written requests for approvals or consents of Developer as required by this Agreement, within thirty (30) days of the effective date of delivery to Developer of such Owner's written request, such request shall be deemed approved. G. This Agreement shall be binding on and inure to the benefit of the Parties and their successors and assigns. The obligations of Owner under this Agreement shall be deemed covenants running with the land and shall bind the Property, and every owner acquiring an interest in the Property, in perpetuity. The Owner acknowledges that the execution and delivery ofthis Agreement was a material inducement to and consideration for Developer's conveyance of the Property to Owner. 6