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<br />84 - 003944
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<br />MEMORANDUM OF OPTION AND RIGHT OF FIRST REFUSAL
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<br />This Memorandum of Option and Right of First Refusal
<br />("M~mora.ndum") is made and entered into this ~ day of
<br />~l.f* I 1984, by and between County of Hall, state of
<br />Nebrask' ("COlU:ty") and Milfarm Hanufacturing Corporation
<br />("Milfarm"l.
<br />
<br />H f. C
<br />
<br />ITALS:
<br />------_.
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<br />1. COUr.t-:l is
<br />described on Extiblt
<br />
<br />the legal titleholder of the real estate
<br />"A" ("Real Estate") attached hereto and
<br />t'eference and certain personal property
<br />"E" ("Equipment") attached hereto and
<br />
<br />Incorporated by this
<br />described en Exhibi.t
<br />
<br />.lf1c-crpor3tt~d b';,' thl$ rc.!:crcnce.
<br />
<br />An Optlon dnd Right of First Refusal Aqreement
<br />(~DptlDi11') ~',,15 m,j(h~ (tnd ente'red into on even date herewith.
<br />
<br />r~~ct"":'::r(:i ing
<br />c(Jnd 1!" ,~(,'1\ ~~
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<br />:-hl s ~{,':;n<~r3r:du.~1 1$ ex,-(~C'utt.~d for the purpose of
<br />lrd1 q 1 '~rl J~{:J- :tot -4 cc to d 11 part ies of the basic terms
<br />~~~ ~PtlCl1 ~nd ~l~~t ~jf First Refusal.
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<br />.. 'C:{Cf",;1d'HO,\~_~c:n of t.he mutual promises, the
<br />'"I;l"",,-:onsideration is hereby
<br />,~ ;,[-1.>(,t ~;ummary (if the provisi.ons
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<br />r, .,__.. :'"dt1t:8 .In ;~..:'t ::.rTn t>:; l'Lll farm t.o extend the term
<br />;:~ti(::-h~'k ., 'Ht,".-:il !.~t-.;.tdt{:; dl;d f::qulpr.l~~nt beyond the ter-ms
<br />f_~-,"-" ~~x~~t~~ ';~--'>.t;e- L~etw~}{:t1 ':'t:USf€:t' ..:~nd Mtlfurm which Lease is
<br />;-.:.n~~;z.c ...., ," trr~f:r <._'xerc_Lt~(~: ',:.JH:! option, Milfarm
<br />,,;',,;;.,~ ~\'~' ....'~~~.~,c~ c't:L"e ____~ '-~C~,H'i'~:Y dnd T:"tlstee on or before
<br />'dr ,,~~t.. ~ JS< . .;c ! ~~.r;'i5 pj)2j.t;(;s~;iG;1 (.;f the Real Estate and
<br />;-':C;:"..l ~i---'''~': "X~"'-!'(':;~H" !.L4,:, <-i)tlU,'; dr-t' f,~1'l;t forth i.n particular
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<br />" ,,;:: ~ L.." :: XL l ~ ~ "" ,i: t..~,;'bu--d ~~'her:t:t.o..
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<br />....~",..., ;:-!:.l~'drh ~:ilf' t;.qr;t '=0 ?1J_t"'chase or
<br />;__l;c h:e.'il EEt..i\.~~ ,:Jnd EcuiPrrtent at the same
<br />-',,,:1:";"'- '~('!n~s ,:\$ ~_;-~e '~~()wnty t'!~ ~1.11.ir:q to s:(~11 or
<br />_ __, let r-(__>-L~tiCss,t':";n the same t,\-.) o.lny third
<br />~:f:t) ,~~,tttt-; :~-et'i(.t::; ~'~;H,i ~'.~xt{~nding to and
<br />-jB6, 5ub~("vt d,i~"ays tc' :<t.lfa.rm' 5 Option.
<br />-"':Ll,.":h CO\.lt1ty ~;h-i:).ll q1. ve notl-ce to
<br />;"..' ,,< C": ,H:qU;': l!; "},, ~ the: Feal ,.:state and
<br />~::~t1 ~&~:h~rn st~~l: ~xerc~]se its right of first
<br />"" :,~~. t)p~ ",c'n, ::'r~ :-n~)re i:,~~rt.iculdr.
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