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516'70S
OPTION ~1GR6BMBNT
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OPTION AGR6BMBNT dated January 31, 1981 betr+een VERDB
CAPITAL CORPORATION, a Florida corporation {"Verde"). and
MBADOWBROOR DAIRISS,.a Florida ge~eral partnership ("Meadow
Br ook" ) .
For five hundred ($500.00) dollars and other valuable
consideration received from by Meadow Brook from Verde, the
parties hereby agree as followa:
1. Partnership Interest. Verde shall have an option
to purchase a partnership fnterest in Meadow Brook upon
the following terma:
(a) The option ahall be exercisable at any time on or
prior to February 1, 1982. Notice of election to exercise
the option shall be given by Verde in the manner described
in paragraph 4(c). The date of the mailing of said notice
shall be deemed to be the date of the exercise of such
option.
(b) The percentage interest (herein called "Verde's
Percentage Interest" ) in Meadow Brook to be acquired by
Verde shall be thirty (30) per cent.
(c) The purchase price shall be $300,a00. At Verde's
option, all or any part of the purchase price may be paid by
applying a like portion to any indebtedness owing by I~leadoW
erook to Verde.
(d) The closing shall take place at the offices of
Verde forty-five days after the date of the ezercise of the
option, at 11 A.M., or at such other time and place as shall
be agreed upon in writing by Verde and ~leadow Brook, pro-
vided, however, that if the date set for cloaing hereunder
shall be a Saturday, Sunday or legal holiday, the closing
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