Letter Agreement Form addressing:

• Option and Initial Option Payment.

• Optionee's due diligence.

• Document review.

• Escrow instructions.

• Option Extension Fees (chart with each applicable option extension fee, due date and date to which closing is extended.

• Assignment Consideration (cash/note with attached promissory note form).

• Commissions.

• Non-assignability prior to exercise of option.

• Confidentiality.

• Optionor's representations and warranties.

• Optionor's payments to third parties at closing; optionee's right to cure and offset.

• No right to encumber escrow or site. (As a seller of option rights, try to avoid recourse against the escrow or the site in any optionor-optionee disputes.)

• Non-binding v binding agreement.

• Attachments: Extensive "Amendment to and Assignment of Purchase Escrow" and promissory note form.