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200908930 described in a Quit Claim Deed recorded in Book 164, Page 316 (hereinafter referred to as "Tract B"); WI~REAS, Kenneth L. Layher, as personal representative of the Estate of Kenneth L. Layher, Deceased, and the OPTIONEES have negotiated for the sale and purchase of Tract B, and, as a condition of the closing of such a sale and purchase as set forth in the Purchase Agreement dated October 12, 2009, the OPTIONORS have agreed to grant to the OPTIONEES, and all subsequent owners of Tract B, an option to purchase Tract A. 1. _GRANT F OPTION. In consideration of the purchase of Tract B, the OPTIONOR hereby grants to the OPTIONEE the exclusive option to purchase Tract A (including all applicable Farm Services Agency crop bases}, and subject to all current easements and restrictions of record. 2. PERIOD OF OPTION This option shall arise upon the attempt by any one of the OPTIONORS, their heirs, personal representatives, successors, or assigns, to sell their interest, either voluntarily or involuntarily, in the said real estate (other than a sale or transfer far the widening of a state or county road or a sale or transfer between Kenneth L. Layher and Janet L. Braeder) and shall continue to be available to the OPTIONEES for a period often (10) days following receipt of the written appraisal(s) frarn the appraiser(s) as set forth in paragraph 5 of this Agreement. If this option is not exercised within that time period, this entire option agreement shall immediately expire. Upon the expiration of this option ageement, the OPTIONEES shall have no further rights ar claims against the OPTIONORS. 3. NOTICE OF OPTION. Notice of the right of the OPTIONEES to exercise this option shall be giving in writing by the OPTIONORS, and/or their heirs, personal representatives, successors, or assigns, as appropriate (hereinafter referred to as the "SELLERS"). 4. NOTICE OF_EXERC~E. The option is to be exercised by the OPTIONEES by delivery of a signed purchase agreement reflecting the provisions of this agreement and the appropriate down payment amount as set forth therein to the SELLERS. 5. P RCHASE PRICE. The purchase price shall be the fair market value as established by a licensed appraiser mutually selected by the SELLERS and the OPTIONEES. The cost of such appraiser shall be paid one-half ('/z) by the SELLERS and one-half ('/x) by the OPTIONEES. In the event that such parties shall not be able to mutually agree upon an appraiser within thirty (30) days of the receipt of written notice by the OPTIONEES, the SELLERS shall select an appraiser and the OPTIONEES shall select an appraiser and the purchase price shall be determined based upon the average of the two (2) appraisals. In such case, each party shall pay for the cost of their own appraiser. 6. EXER ISE OF OPTI N A D LOS RE. The OPTIONEES may exercise the. option at any time during the period of the option. If the option is exercised by the OPTIONEES as provided herein, the SELLERS shall convey such property by warranty deed to the OPTIONEES, or as otherwise directed by the OPTIONEES. Delivery of such deed shall be made 2