Notice of Exercise of Option to Purchase Property

TO: RE: [Name of Owner of Property] Option Agreement dated [Date of Option Agreement] (the "Option") between [Name of Owner of Property] (the "Owner") and [Name of Option Holder] (the "Holder") in respect of the property described as [Description of Property] (the "Property").

The Holder hereby exercises the Option to purchase the Property in accordance with the terms and conditions thereof, and herewith tenders payment of the exercise price in full. You are hereby authorized and directed to transfer title to the Property into the following name(s): [Name of 1st Purchaser] [Name of 2nd Purchaser] Date: , 20___.

Witness

x [Name of Option Holder]

[Address of Holder] Holder Address

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