EXTENSION OF OPTION AGREEMENT
EXTENSION
OF OPTION AGREEMENT
This
Extension of Option Agreement is made on the 10th
day of
April 2008, between Xxxxx
Xxxxxx and Xxxxx Xxxxxx, husband and wife and Xxxxxxx Xxxxxx and Xxxx Xxxxxx,
husband and wife, of
Wesley, Iowa (the “Seller”), and Prairie
Creek Ethanol, LLC, with
its
principal place of business at 000 X Xxxxxx Xxxxxx XX Xxx 000, Xxxxxxxxx, Xxxx
00000 (the “Buyer”).
WHEREAS,
the Seller and Buyer have previously entered into an Amended and Restated Option
Agreement dated July 3rd
2007;
and the Seller and Buyer now desire to extend the option agreement for an
additional period of time.
NOW
THEREFORE, for good and valuable consideration, the receipt and sufficiency
of
which is hereby acknowledged, the Seller and Buyer agree as
follows:
1.
The
exclusive right and option to purchase the Property as described in the Amended
and Restated Option Agreement executed July 3, 2007 shall be extended from
April
10, 2008 and lasting until noon on the 31st
day of
December, 2008.
2.
The
additional sum of $20,000.00 for this extension of the option will be paid
at
the time of execution of this extension agreement. The Seller by execution
of
this agreement acknowledges receipt of this payment.
3.
In
all
other respects the terms of the Amended and Restated Option Agreement executed
July 3, 2007 shall remain the same.
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BUYER
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SELLER
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PRAIRIE
CREEK ETHANOL, LLC
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/s/
Xxxxx Xxxxxx
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Xxxxx
Xxxxxx
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By:
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/s/
Xxxx Xxxxxx
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Xxxx
Xxxxxx
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Its:
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President
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Xxxxx
Xxxxxx
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President
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/s/
Xxxxxxx Xxxxxx
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Xxxxxxx
Xxxxxx
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/s/
Xxxx Xxxxxx
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Xxxx
Xxxxxx
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STATE
OF IOWA
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)
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)
SS:
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COUNTY
OF XXXXXX
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)
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On
this
10th
day
of
April ,
2008,
before me, the undersigned, a Notary Public in and for said County and State,
personally appeared Xxxx
Xxxxxx
to me
personally known, who, being by me duly sworn, did say that he is the
President
of said
limited liability company; that said instrument was signed on behalf of said
company by authority of its members; and that the said Xxxx Xxxxxx as such
officer acknowledged the execution of said instrument to be the voluntary act
and deed of said limited liability company, by it and by him voluntarily
executed.
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My
Commission Expires 7-31-10
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/s/
Xxxxx Xxxxxxx
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(Notary
Seal)
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Notary
Public in and for the State
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STATE
OF IOWA
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)
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)
SS:
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COUNTY
OF XXXXXXX
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)
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On
this 10th day
of April ,
2008,
before
me, the undersigned, a Notary Public in and for said State, personally appeared
Xxxxx
Xxxxxx and Xxxxx Xxxxxx, husband and wife,
known to
be the identical persons named in and who executed the foregoing instrument
and
acknowledged that they executed the same as their voluntary act and
deed.
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My
Commission Expires 7-28-08
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/s/
Xxxxx X. Xxxxx
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|
(Notary
Seal)
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Notary
Public in and for the
State
|
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STATE
OF IOWA
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)
|
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)
SS:
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|
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COUNTY
OF XXXXXXX
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)
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On
this 10th
day
of April ,
2008,
before
me, the undersigned, a Notary Public in and for said State, personally appeared
Xxxxxxx
Xxxxxx and Xxxx Xxxxxx, husband and wife,
known to
be the identical persons named in and who executed the foregoing instrument
and
acknowledged that they executed the same as their voluntary act and
deed.
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My
Commission Expires 7-28-08
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/s/
Xxxxx X. Xxxxx
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|
(Notary
Seal)
|
Notary
Public in and for the
State
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