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<br />16. Option. In the event the Lessors shall decide to s_lI the <br />premises, or any portion thereof, they shall give the Lessee the <br />first right to purchase same, and in the event that the Lessors shall <br />receive a bona fide offer of purchase of the premises, or any part <br />thereof, the Lessors shall communicate such bona fide offer to the <br />Lessee in writing, a~ in the event the Lessee decides to purchase <br />such property, the Lessee shall than have fifteen (15) days to exe- <br />cute its option in writing to purchase the property in accordance <br />with the offer made to the Lessors. It is specifically understood <br />and agreed that this first right to purchase or meet any bona fide <br />offer for the offer of purchase shall not be applicable in the <br />: event of a sale, or offer of sale, of the premises, or any part <br />thereof, to the Federal or Staie Government or any subdivision there- <br />. of or to any agents of such government or governmental subdivision <br />thereof, nor shall such first right be available in the event of <br />a sale or transfer of the premises, or any part thereof, to any mem- <br />ber of the family of either of the Lessors nor in the event of a <br />legal partition of the premises. <br />In any event, it is agreed by the Lessors that if the premises, <br />or any part thereof, are sold during the term of the lease, the pre- <br />mises, or any part thereof, will be sold subject to the terms of this <br />lease. <br />IN WITNESS WHEREOF, Lessors ant.' Lessee have caused-their re- <br />spective names to be signed to duplicate originals, the day and year <br />,first above written. <br />A~rtdhur P. Terry <br />1~ ~ta5cine M, erry LESSORS <br />QUIRK LAND & CATTLE CO., A NEBRASKA <br />Attest: CORPORATION, LESSEE, <br />_ ,~ <br />~- <br />'~ - --- <br />Secretary- ~~ President <br />In consideration of the granting of the foregoing lease by the <br />Lessors, as majority stackholders in Quirk Land & Cattle Co., a <br />Nehraska corporation, the undersigned hereby and by these presents, <br />do ,jointly and severally guarantee the performance of the foregoing <br />lease by the Lessee. <br />Dated this- G, day of CMG-~~ ~x~'t- , 1976. <br />c ~ _ l <br />,,t , <br />1 <br />-7- <br />