RELEASE OF MEMORANDUM OF OPTION
WHEREAS, Owner is the owner of a fee estate in the premises
located at described in Exhibit A attached hereto (the
"Premises");
WHEREAS, pursuant to the terms of a certain Option Agreement dated (the "Option Agreement"), Owner granted to ("ABC") certain option rights with respect to the Premises;
WHEREAS, the Memorandum of Option described in Exhibit B (the "Memorandum") was recorded in connection with the Option Agreement;
WHEREAS, ABC was dissolved on ____________ ;
WHEREAS, at the time of the dissolution of ABC, Optionee was the sole shareholder of ABC;
NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:
1. Optionee represents that on __________ , Optionee, as the sole shareholder of ABC caused ABC to be dissolved.
2. The parties hereto acknowledge that option rights granted under the Option Agreement and the Memorandum has expired. Optionee represents that neither the Option Agrement the Memorandum nor any rights thereunder have been assigned by ABC or by Optionee.
3. Optionee hereby releases the Premises from the lien of the Memroandum, and the other parties hereto consent to such release.
IN WITNESS WHEREOF,