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EXECUTION OF RELEASE IF OPTION NOT EXERCISED
If within the period specified in this option, ____________________________________, the option is not exercised, the purchaser, _____________________, on request of seller, _______________________, shall execute and deliver to seller a written release, or other instrument of termination as specified by seller, stating the non-exercise of the option. The instrument shall be signed, recognized, and recorded.
_____________________________ ___________________ _____________ Signature Title Date
_____________________________ ___________________ _________________ Signature Title Date
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