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OPPIUN AGHc;&MENr <br />Grono, t,innesotq <br />Julv 20, 1970 <br />In consideration. of ;;100.00 received from the Village of <br />vrono, hereinafter called Buyer, the undersl=ned Owners hereby <br />grant to buyer for a period beginnin? on the above date and <br />ending midnight, jeptember 1, 1970, the exclusive richt of <br />purchasing the property described in the attached Purchase <br />A3reement at the price and according to the terms stated therein, <br />It belnj made a part hereof as fully as though set out in full <br />herein. <br />During the period of this option, the Buyer may drill a <br />test water well on the subject premises; if the option is not <br />exercised, Buyer may remove all rigs and equipment of any nature <br />from the premises, but shall not he obligated to do so. <br />If the Villa,e of Orono and its contractor, after diligent <br />effort, are unable to complete the test well by ieptember 1, 1970, <br />then this option agreement shall be extended until midnight, <br />jeptember 15, 1970. <br />In the event the Buyer elects to exercise this option, ;t <br />shall deliver to the Uwners its written acceptance, together with <br />two copies of said Purchase Agreement properly executed. auch <br />acceptance, with the named enclosures, shall be delivered to the <br />said Uwners personally or at 3600 )horeline Dr., dayzata, Minnesota, <br />by registered mail (re�urn receipt requested) by depositing same <br />In the United jtates mail, and such mailed acceptance shall bear <br />a postmark prior to the expiration date of the above option period. <br />Upon such acceptance, the Owners agree to execute the said Purchase <br />Agreement in duplicate and to deliver a signed copy to the Buyer <br />forthwith. <br />In the event the option is exercised, the x100.00 paid <br />herewith shall be (,-onsidered earnest money and appli-ed)to he-__) <br />purchase price. — Z- _ .40 <br />alai Kullberg <br />`-- Audrey Ki <br />1 <br />