Document:

Exhibit 10.32

                            ASSIGNMENT AND ASSUMPTION

                                       OF

                          OPTION TO PURCHASE AGREEMENT

                  This ASSIGNMENT AND ASSUMPTION AGREEMENT OF OPTION TO PURCHASE
AGREEMENT ("Assignment"), is entered into and made effective as of the 6th day
of April, 2007 (the "Effective Date") by and between AG PARTNERS, L.L.C., an
Iowa limited liability company ("Assignor") and OREGON TRAIL ENERGY, LLC, a
Delaware limited liability company ("Assignee").

                                    RECITALS

         1. DEAN LIETZ AND BETH LIETZ ("Seller") and Assignor entered into a
Option to Purchase Agreement dated September 18, 2006 ("Option Agreement"), for
the purchase of property located in Buena Vista County, Iowa and more
particularly described on EXHIBIT A attached hereto.

         2. Pursuant to Section 7 of the Option Agreement, Assignor desires to
transfer its interest in and to the Option Agreement to Assignee.

                                    AGREEMENT

         In consideration of Ten Dollars ($10.00) and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties agree as follow:

         1. Assignor hereby assigns to Assignee, all of Assignor's right, title
and interest in and to the Option Agreement as of the Effective Date.

         2. Assignee hereby assumes and agrees to be bound by and to abide by
each and every one of the terms and conditions of the Option Agreement as of the
Effective Date.

         3. Assignee agrees to indemnify, defend and hold harmless Assignor, its
successors and assigns and its employees, agents, directors, officers and
affiliated companies from any and all losses, liabilities, damages, claims,
suits, costs or expenses (including but not limited to attorneys' fees), or
injuries to any persons or property arising out of, resulting from, or in
connection with Assignee's performance under or breach of the Option Agreement.

         4. If within six (6) months of the date of this Assignment, Assignee
for any reason does not (1) commence construction of the physical ethanol
facility on the Property related to and for the purpose of the ethanol project
currently contemplated by the parties to this Agreement ("Ethanol Project"), and
(2) bring the Ethanol Project currently contemplated to full and complete
financial close, then Assignor, at its sole option, may (i) if the option to
purchase the property set forth on Exhibit A has not been exercised, require
Assignee to assign the option back to Assignor without any additional expenses
to Assignor, or (ii) if the option has been exercised, purchase the property
from Assignee for the Purchase Price set forth under the Option

Agreement, less any amounts Assignor paid to acquire the option and any amounts
for any work done by Assignor or on Assignor's behalf in connection with the
ethanol project.

5. If within six (6) months of the date of this Assignment, Assignee for any
reason does not reach a definitive corn supply services agreement with Assignor
related to and for the purpose of the Ethanol Project then Assignor, at its sole
option, may (i) if the option to purchase the Option Property set forth on
Exhibit A has not been exercised, require Assignee to assign the Option
Agreement back to Assignor without any additional expenses to Assignor, or (ii)
if the option has been exercised, purchase the Option Property from Assignee for
the Purchase Price set forth under the Option Agreement, less any amounts
Assignor paid to acquire the Option Agreement and any amounts for any work done
by Assignor or on Assignor's behalf in connection with the Ethanol Project.

6. In the event that the period within which the Option under the Option
Agreement may be exercised is extended, then the six (6) month period described
in sections 4 and 5 above shall be extended by the same period of time by which
the period of extension for the exercise of the Option.

7. This Assignment shall bind and shall inure to the benefit of Assignor and
Assignee and their respective successors and assigns.

8. Assignor shall execute and deliver such further instruments of assignment and
take any such other action as Assignee may require to more effectively complete
the transfer and delivery of the Assignment to Assignee.

9. This Assignment may be executed in two or more counterparts, each of which
may be deemed an original but together shall constitute but one and the same
instrument.

         IN WITNESS WHEREOF, the parties hereto have executed this Assignment
and Assumption of Option to Purchase Agreement as of the date first above
written.

         ASSIGNOR:         AG PARTNERS, L.L.C.

         By:    /s/ Troy J. Upah
             -----------------------------------

         Name:  Troy J. Upah
               ---------------------------------

         Its:   Chief Executive Officer
              ----------------------------------

         ASSIGNEE:         BIOFUEL ENERGY, LLC

         By:    /s/ Scott H. Pearce
             -----------------------------------

         Name:  Scott H. Pearce
               ---------------------------------

         Its:   Authorized Representative
              ----------------------------------

                                    EXHIBIT A

                            OPTION AGREEMENT ATTACHEDExhibit 10.32.1
	 

	 
		OPTION AGREEMENT
	 

	 
		AN OPTION AGREEMENT entered into
		on this 18 day of September, 2006, by and between Dean Lietz and Beth
		Lietz, husband and wife, (hereinafter referred to as
		“Optionor”) and AG PARTNERS, L.L.C., an Iowa limited
		liability company, (hereinafter referred to as
		“Optionee”).
	 

	 
		WHEREAS, the Optionor is the owner
		of certain real estate described in Exhibit “A” attached
		hereto; and
	 

	 
		WHEREAS, the Optionee is desirous
		of purchasing the above-described real estate.
	 

	 
		NOW, THEREFORE, in consideration
		of the mutual promises and covenants contained in this instrument and
		for other valuable consideration, the parties hereto agree as
		follows:
	 

	 
			
				
				  1.
				

			 	
				
				  Optionor hereby grants to
				  the Optionee an Option to purchase all or a part of the real estate
				  hereinabove described under all of the terms and conditions set out
				  under this Option Agreement.
				

			 

 

	 
			
				
				  2.
				

			 	
				
				  As consideration for this
				  Option, the Optionee herewith pays to Optionor the amount of five
				  thousand dollars ($5000.00). If this Option is exercised, this amount
				  shall be paid on top of the Purchase Price described below. If this
				  Option is not exercised, then the amount referenced in this Section
				  shall be retained by the Optionor.
				

			 

 

	 
			
				
				  3.
				

			 	
				
				  The purchase price for the
				  real estate described in this Option Agreement shall be the sum of
				  seven thousand dollars ($7000.00) per acre. It is understood that
				  Optionee will purchase all of the acres located in the real estate
				  described in Exhibit “A.” Said purchase price shall be paid
				  as follows:
				

			 

 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  The balance of the
				  purchase price to be paid at closing.
				

			 

 

	 
			
				
				  4.
				

			 	
				
				  The Optionee shall have
				  the right to purchase the property as described above on or before
				  six (6) months from date of this agreement. The closing date on the
				  exercise of the Option shall be within ninety (90) days from the date
				  of the exercise of this Option, except that the closing may be
				  extended upon the request of Optionor up to six (6) months; however,
				  during said six (6)-month period, the Optionee shall have full and
				  complete access and use of the subject real estate.
				

			 

 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  The Optionee shall have
				  the right to extend the option period by six (6) months. If Optionee
				  elects to do so, the Optionee shall notice the Optionor in accordance
				  with paragraph 5 below. If exercised, the Optionee and Optionor shall
				  have the same rights as set forth at paragraph 4 above.
				

			 

 

	 
			
				
				  5.
				

			 	
				
				  Optionee shall exercise
				  this Option by providing to the Optionor a written notice of this
				  exercise, delivered in person to the Optionor or when sent addressed
				  to 155 
				

			 

 

	 
		 
	 

	 
		2
	 

	 
		580th Street, Alta,
		Iowa 51002, postage prepaid, by certified mail, return receipt
		requested by the United States mail and so deposited in a United
		States mail box. The date of mailing shall constitute the date of the
		Option, For notice to Optionor, a copy shall also be sent regular
		United States Postal Service first call mail to 155 580th
		Street, Alta, Iowa 51002.
	 

	 
			
				
				  6.
				

			 	
				
				  In the event that the
				  Optionee elects to exercise the Option granted herein, the Optionor
				  and the Optionee shall immediately proceed to prepare a Purchase
				  Agreement, in the form attached hereto as Exhibit B, which Purchase
				  Agreement shall contain the following items:
				

			 

 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  Proration of real estate
				  taxes to the date of possession;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  Closing to be scheduled
				  within the ninety (90) day period described above unless said closing
				  is extended by agreement of the Optionor and the Optionee,
				

			 

 

	 
			
				
				   
				

			 	
				
				  (c)
				

			 	
				
				  Should Optionee purchase
				  less than the entire optioned real estate, purchase agreement shall
				  contain a representation surviving closing that Optionee shall
				  control on surface water runoff by connecting to existing drainage
				  tile on Optionor’s real property not purchased.
				

			 

 

	 
			
				
				   
				

			 	
				
				  (d)
				

			 	
				
				  Optionee agrees that a
				  livestock operation including the raising or processing of livestock
				  will not be conducted on this property.
				

			 

 

	 
			
				
				  7.
				

			 	
				
				  This Option and all rights
				  herein are assignable by Optionee before or after the exercise of
				  this Option. If the Option is assigned, the Assignee shall perform
				  all obligations of the Optionee.
				

			 

 

	 
			
				
				  8.
				

			 	
				
				  Upon execution of this
				  Agreement, Optionor shall deliver to Optionee copies of any abstract,
				  surveys and/or plat maps of the Real Property in its possession. If
				  Optionee determines that a new or updated survey of the Real Property
				  is needed, Optionee, at its sole cost, expense, and discretion, shall
				  assume responsibility for obtaining such a survey. Optionor shall
				  also deliver to Optionee a complete copy of any existing farm leases
				  associated with the Real Property.
				

			 

 

	 
			
				
				  9.
				

			 	
				
				  Optionor hereby grants
				  Optionee and its employees, engineers, consultants and agents during
				  the option term unrestricted access to the Real Property for the
				  purpose of conducting surveys, environmental testing including but
				  not limited to Phase I environmental testing, soil borings, a Phase I
				  cultural review, install test wells and conduct pump tests and all
				  other site development investigation procedures in order to satisfy
				  Optionee as to the general suitability of the Real Property for
				  Optionee’s intended use. Optionee agrees to reimburse or pay
				  Optionor or Optionor’s tenants (as directed by Optionor) the
				  market value of crop if it becomes necessary for Optionee to remove
				  any crop or as to any crop damage, tile damage or soil compaction
				  damage which may occur as a result of Optionee’s presence on the
				  Real Property pursuant to this paragraph 9. Reimbursement for input
				  cost and lost profits will be calculated on a case-by-case 
				

			 

 

	 
		 
	 

	 
		3
	 

	 
		basis. Optionee further agrees to
		cap off, cover and seal any test well opened or established,
		according to government investigation procedures in the event that
		this Option is not exercised. Optionee agrees to defend, indemnify
		and hold harmless Optionor from and against any and all losses,
		damages, claims, suits, liabilities, costs or expenses which Optionor
		may incur or sustain, including reasonable attorney fees, solely
		resulting from and to the extent of the negligent actions of
		Optionee, its employees, representatives and agents on the Real
		Property.
	 

	 
			
				
				  10.
				

			 	
				
				  This Option constitutes
				  the entire agreement between the parties. No representations,
				  warranties, or promises pertaining to this Option or any property
				  affected by it have been made by, or shall be binding on, any of the
				  parties, except as expressly stated in the Option Agreement. This
				  Option Agreement may not be changed orally, but only by an agreement
				  signed by the party against whom enforcement of any such change is
				  sought.
				

			 

 

	 
			
				
				  11.
				

			 	
				
				  This Option Agreement
				  shall be binding upon and inure to the benefit of the parties and
				  their respective heirs, successors, and assigns.
				

			 

 

	 
			
				
				  12.
				

			 	
				
				  This Option Agreement
				  shall be governed by and construed in accordance with the laws of the
				  State of Iowa.
				

			 

 

	 
			
				
				  13.
				

			 	
				
				  This Option Agreement may
				  be executed in one or more counterparts, each of which shall be
				  deemed an original but all of which together shall constitute one and
				  the same instrument.
				

			 

 

	 
			
				
				  14.
				

			 	
				
				  If the option is
				  exercised, Optionee shall repay Optionor for any inputs, including
				  all tillage work, put into the 2007 crop year. This reimbursement
				  shall occur within twenty (20) days after Optionor presents Optionee
				  with an accounting of the input costs.
				

			 

 

	 
			
				
				  15.
				

			 	
				
				  Time is of the essence for
				  this Option Agreement.
				

			 

 

	 
			
				
				  16.
				

			 	
				
				  Confidentiality. The terms
				  of this Agreement are confidential and, except as required by law,
				  shall not be disclosed by either Party without the prior written
				  consent of the other Party, which shall not be unreasonably withheld;
				  provided, however, that either Party may disclose the terms of this
				  Agreement to its lenders, accountants, and/or legal counsel,
				

			 

 

	 
		IN WITNESS WHEREOF, the parties
		hereto have executed and delivered this Agreement the day and year
		first above mentioned.
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  OPTIONOR:
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  By 
				

			 	
				
				  
 /s/ Dean Lietz

				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Dean Leitz
				

			 

 

	 
		 
	 

	 
		4
	 

	 
			
				
				

			 	
				
				   
				

			 	
				
				  By 
				

			 	
				
				  
 /s/ Beth Lietz

				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Beth Leitz
				

			 

 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  OPTIONEE:
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  AG PARTNERS, L.L.C.

				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  By 
				

			 	
				
				  
 /s/ Troy Upah
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Troy Upah, Manager
				

			 

 

	 
		 
	 

	 
			
				
				  STATE OF IOWA
				

			 	
				
				   
				

			 	
				
				  :
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  : ss.
				

			 
	
				
				  COUNTY OF BUENA
				  VISTA
				

			 	
				
				   
				

			 	
				
				  :
				

			 

 

	 
		On this 18 day of September, 2006,
		before me, the undersigned, a Notary Public in and for the State of
		Iowa, personally appeared Dean Lietz and Beth Lietz, husband and
		wife, to me known to be the persons named in and who executed the
		foregoing instrument, and acknowledged that they executed the same as
		their voluntary act and deed.
	 

	 
		 
	 

	 
			
				
				

			 	
				
				   
				

			 	
				
				  /s/ Gary W.
				  Armstrong
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  Notary Public in and for
				  said State
				

			 

 

	 
		[notarial seal]
	 

	 
		 
	 

	 
			
				
				  STATE OF IOWA
				

			 	
				
				   
				

			 	
				
				  :
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  : ss.
				

			 
	
				
				  COUNTY OF BUENA
				  VISTA
				

			 	
				
				   
				

			 	
				
				  :
				

			 

 

	 
		On this 20th day of September,
		2006, before me, the undersigned, a Notary Public in and for the
		State of Iowa personally appeared Troy Upah, to me personally known,
		who being by me duly sworn, did say that he is the Manager of Ag
		Partners, L.L.C., the limited liability company executing the within
		and foregoing instrument, that no seal has been procured by the
		limited liability company; that the instrument was signed on behalf
		of the limited liability company by authority of its Members; and
		that Troy Upah as Manager acknowledged the execution of the foregoing
		instrument to be the voluntary act and deed of the limited liability
		company, by it and by him voluntarily executed.
	 

	 
		 
	 

	 
			
				
				

			 	
				
				   
				

			 	
				
				  /s/ Mary A. Farrell

				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  Notary Public in and for
				  said State
				

			 

 

	 
		[notarial seal]
	 

	 
		 
	 

	 
		EXHIBIT ‘A’
	 

	 
		LIETZ/AG PARTNERS LLC OPTION
		AGREEMENT
	 

	 
		All that part of the Northwest
		Quarter of the Northeast Quarter (NW1/4 NE1/4) and of the South Half
		of the Northeast Quarter S1/2 NE1/4) lying South of the Illinois
		Central Railroad right of way in Section Twenty (20), Township
		Ninety-one (91) North, Range Thirty-eight (38) West of the Fifth
		P.M., Buena Vista County, Iowa, except a parcel described as follows:
		Commencing at a point 432.4 feet North of the Southeast Corner of the
		Northeast Quarter (NE1/4) of Section 20, Township 91 North, Range 38
		West of the 5th P.M., thence North 89°51’ West a distance of
		1395.87 feet, thence due North a distance of 1083.73 feet to the
		South line of the Illinois Central Railroad right of way; thence
		South 58°21’ East along said South Railroad right of way
		line a distance of 1639.75 feet to the East line of said Northeast
		Quarter, thence due South a distance of 226.96 feet to the Point of
		Beginning. The primary parcel, less the exception of 21.0 acres,
		contains 68.56 acres.
	 

	 
		 
	 

	 
		EXHIBIT B
	 

	 
		OFFER TO BUY REAL ESTATE AND
		ACCEPTANCE
	 

	 
			
				
				  TO: Seller,
				

			 	
				
				   
				

			 

 

	 
			
				
				  1.
				

			 	
				
				  REAL ESTATE
				  DESCRIPTION. Buyer offers to
				  buy real estate in Buena Vista County, Iowa, described as
				  follows:
				

			 

 

	 
		With any easements and appurtenant
		servient estates, but subject to the following: (a) any zoning and
		other ordinances; (b) any covenants of record; (c) any easements of
		record for public utilities, roads and highways, designated the
		“Real Estate”.
	 

	 
			
				
				  2.
				

			 	
				
				  PRICE. The purchase price shall be
				  __________________ payable at Storm Lake or Alta, Iowa, in full at
				  Closing.
				

			 

 

	 
			
				
				  3.
				

			 	
				
				  REAL ESTATE
				  TAXES. Seller shall pay real
				  estate taxes prorated through the date of closing. Buyer shall pay
				  all subsequent real estate taxes.
				

			 

 

	 
			
				
				  4.
				

			 	
				
				  SPECIAL
				  ASSESSMENTS. Seller shall pay
				  all special assessments which are a lien on the Real Estate as of the
				  date of Closing.
				

			 

 

	 
			
				
				  5.
				

			 	
				
				  RISK OF
				  LOSS. Risk of loss prior to
				  Seller’s delivery of possession of the Real Estate to Buyers
				  shall be as follows: All risk of loss shall remain with Seller until
				  possession of the Real Estate is delivered to Buyer.
				

			 

 

	 
			
				
				  6.
				

			 	
				
				  CARE AND
				  MAINTENANCE. The Real Estate
				  shall be preserved in the Real Estate’s present condition and
				  delivered as is at the time possession is delivered to Buyer. Buyer
				  acknowledges that the residence is not habitable, and Seller makes no
				  representations or warranties with respect to the residence.
				

			 

 

	 
			
				
				  7.
				

			 	
				
				  POSSESSION. If Buyer timely performs all obligations,
				  possession of the Real Estate shall be delivered to Buyer on
				  ____________, ____ with any adjustments of rent, insurance, and
				  interest to be made as of the date of transfer of possession.
				

			 

 

	 
			
				
				  8.
				

			 	
				
				  FIXTURES. All property that integrally belongs to or
				  is part of the Real Estate, whether attached or detached, shall be
				  considered a part of the Real Estate and included in the sale except:
				  _________________________________________.
				

			 

 

	 
			
				
				  9.
				

			 	
				
				  USE OF PURCHASE
				  PRICE. At time of settlement,
				  funds of the purchase price may be used to pay taxes and other liens
				  and to acquire outstanding interests, if any, of others.
				

			 

 

	 
			
				
				  10.
				

			 	
				
				  ABSTRACT AND
				  TITLE. Seller, at
				  Seller’s expense, shall deliver to Buyer an abstract of title to
				  the Real Estate continued through the date of the exercise of the
				  
				

			 

 

	 
		 
	 

	 
		2
	 

	 
		option. The abstract shall become
		the property of the Buyer when the purchase price is paid in
		full.
	 

	 
			
				
				  11.
				

			 	
				
				  DEED. Upon payment of the purchase price, Seller
				  shall convey the Real Estate to Buyers or their assignees, by
				  Warranty Deed, free and clear of all liens, restrictions, and
				  encumbrances except as provided in paragraphs 1(a) through 1(c). Any
				  general warranties of title shall extend only to the time of
				  acceptance of this offer, with special warranties as to acts of
				  Seller continuing up to time of delivery of the deed.
				

			 

 

	 
			
				
				  12.
				

			 	
				
				  JOINT TENANCY IN
				  PROCEEDS AND IN THE REAL ESTATE. If Seller, immediately preceding acceptance
				  of this offer, hold title to the Real Estate in joint tenancy with
				  full rights of survivorship, and the joint tenancy is not later
				  destroyed by operation of law or by acts of the Seller, then the
				  proceeds of this sale, and any continuing or recaptured rights of
				  Sellers in the Real Estate, shall belong to Seller as Joint Tenants
				  with Full Rights of Survivorship and not as tenants in common; and
				  Buyers, in the event of the death of either Seller, agree to pay any
				  balance of the price due Sellers under this contract to the surviving
				  Seller and to accept a deed from the surviving Seller consistent with
				  paragraph 11.
				

			 

 

	 
			
				
				  13.
				

			 	
				
				  JOINDER BY
				  SELLER’S SPOUSE.
				  Seller’s spouse, if not a titleholder immediately preceding
				  acceptance of this offer, executes this contract only for the purpose
				  of relinquishing all rights of dower, homestead and distributive
				  shares or in compliance with Iowa Code Section 561.13 and agrees to
				  execute the deed or real estate contract for this purpose.
				

			 

 

	 
			
				
				  14.
				

			 	
				
				  TIME IS OF THE
				  ESSENCE. Time is of the
				  essence in this contract.
				

			 

 

	 
			
				
				  15.
				

			 	
				
				  RELIES OF THE
				  PARTIES.
				

			 

 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  If Buyer fails to timely
				  perform this contract, Seller may forfeit this contract as provided
				  in the Iowa Code, and all payments made shall be forfeited or, at
				  Seller’s option, upon thirty days written notice of intention to
				  accelerate the payment of the entire balance because of such failure
				  (during which thirty days such failure is not corrected) Seller may
				  declare the entire balance immediately due and payable. Thereafter
				  this contract may be foreclosed in equity and the Court may appoint a
				  receiver.
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  If Seller fails to timely
				  perform this contract, Buyer has the right to have all payments made
				  returned to them.
				

			 

 

	 
			
				
				   
				

			 	
				
				  (c)
				

			 	
				
				  Buyer and Seller also are
				  entitled to utilize any and all other remedies or actions at law or
				  in equity available to them and shall be entitled to obtain judgment
				  for costs and attorney fees as permitted by law.
				

			 

 

	 
		 
	 

	 
		3
	 

	 
			
				
				  16.
				

			 	
				
				  STATEMENT AS TO
				  LIENS. If Buyer intends to
				  assume or take subject to a lien on the Real Estate, Seller shall
				  furnish Buyer with a written statement, from the holder of such lien,
				  showing the correct balance due and the terms.
				

			 

 

	 
			
				
				  17.
				

			 	
				
				  SUBSEQUENT
				  CONTRACT. Any real estate
				  contract executed in performance of this contract shall be on a form
				  of the Iowa State Bar Association (or equivalent).
				

			 

 

	 
			
				
				  18.
				

			 	
				
				  APPROVAL OF
				  COURT. If the sale of the
				  Real Estate is subject to Court approval, the fiduciary shall
				  promptly submit this contract for such approval. If this contract is
				  not so approved, this contract shall be void.
				

			 

 

	 
			
				
				  19.
				

			 	
				
				  CONTRACT BINDING ON
				  SUCCESSORS IN INTEREST. This
				  contract shall apply to and bind the successors in interest of the
				  parties.
				

			 

 

	 
			
				
				  20.
				

			 	
				
				  CONSTRUCTION. Words and phrases herein, including
				  acknowledgment hereof, shall be construed as in the singular or
				  plural number, and as masculine, feminine or neuter gender, according
				  to the context.
				

			 

 

	 
			
				
				  21.
				

			 	
				
				  TIME FOR
				  ACCEPTANCE. If this offer is
				  not accepted by Seller on or before ______________, _____, this offer
				  shall become void and all payments shall be repaid to the Buyer.
				  
				

			 

 

	 
		 
	 

	 
			
				
				  THIS OFFER IS
				  ACCEPTED BY SELLER

				  this ____ day of ________________,
				  ____.
				

			 	
				
				   
				

			 	
				
				  THIS OFFER IS
				  MADE BY BUYER

				  this ____ day of ____________,
				  ____.
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  
 Buyer: AG Partners,
				  L.L.C.

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