Document:

exv10w5

 

EXHIBIT 10.5

OPTION

TO PURCHASE REAL ESTATE

     Phebe H. Lee and Stanley W. Lee, wife and husband, Sara Maxwell and Robert W. Maxwell, wife
and husband, Craig D. Lee and Susan Kitahara Lee, husband and Wife, Scott B. Lee and Eghsapeth
Elizabeth Aghbashian, husband and wife, Melissa L. Hortik and Dale H. Hortik, wife and husband,
Virginia Larson and Mark R. Larson, wife and husband a married woman dealing with her separate
estate[/s/ VL], and Jeanette Maxwell, a single person, GRANTOR, whether one or more, for valuable
consideration, hereby give and grant unto NEK-SEN Energy, LLC, GRANTEE, the option to purchase the
following described real estate situated in Richardson County, Nebraska:

NE1/4 of Section 17, Township 1 North, Range 16, East of the 6th P.M., lying North
of the railroad right of way containing approximately 80.6 acres;
on the following terms and conditions:

     1. Term. GRANTEE has paid to GRANTOR the sum of $5,000.00, the receipt of which is
hereby acknowledged for an option to purchase the above real estate until September 30, 2006. The
option payments shall be credited against the purchase price if the option is exercised.

     2. Exercise of Option. GRANTEE shall exercise the option by giving GRANTOR written
notice of its intent to purchase to Grantor, no later than September 30, 2006. Closing shall be on
or before December 31, 2006 unless otherwise agreed to by the parties in writing.

     3. Purchase Price. The purchase price shall be the sum of $7,500.00 per acre as
surveyed. GRANTEE shall pay the balance of the purchase price, less credits for all option
payments to GRANTOR at closing, concurrently with delivery of the deed of conveyance from GRANTOR
to GRANTEE.

     4. Survey. GRANTEE shall at its expense have the property surveyed prior to the
exercise of the option and such surveyed description shall be substituted for the above description
of the real estate. Total purchase price shall be based upon the acres shown on said survey.

NEK-SEN Energy, LLC Homestead Land Co. Option to Purchase Real Estate: 1

 

 

     5. Conveyance. GRANTOR shall convey the real estate with marketable title to GRANTEE
by good and sufficient warranty deed, subject to existing roads and existing easements and rights
of way of record and visible easements. Grantee shall pay the cost of title work and deed
preparation. GRANTOR shall pay the cost of any document transfer tax. GRANTEE shall pay the cost
of recording the Deed.

     6. Possession. GRANTEE shall receive possession of the subject premises from GRANTOR
effective at closing.

     7. Taxes and Crop Expenses. GRANTOR shall pay all real estate taxes assessed for 2006
and all prior years. Grantor has entered into a cash lease of the property for the 2006 crop year
which lease is subject to this Option to Purchase. Grantor shall retain the 2006 cash rent on the
property. Should Grantee exercise the Option prior to the harvesting of the 2006 crop, Grantee
shall pay to tenant all expenses incurred by tenant for the crop including reimbursement of cash
rent for the crop and a reasonable profit based on field conditions and maturity. Expenses shall
be reimbursed at actual expenses paid per acre on said land plus cost for field work per acre based
on the most recent edition of Nebraska Farm Custom Rates published by the University of Nebraska
Cooperative extension services. If the parties can not agree on a reimbursement and profit figure
they shall submit the matter to a third party claims adjuster for determination. Grantee may agree
to tenant receiving the crop after closing in which case no expenses or profit would be reimbursed.

     8. Title. GRANTEE shall obtain title insurance on the real estate at its expense. If
GRANTOR is unable to provide marketable title within a reasonable time GRANTEE may elect to accept
title in the condition it is in or cancel the contract and receive a complete refund of all option
payments made.

     9. Failure of Option. Failure of GRANTEE to give notice of exercising option to
purchase shall result in all payments made being retained by GRANTOR and all terms of this option
regarding future obligations of GRANTOR will expire under the terms of this option.

     10. No Encumbrance. GRANTEE will not encumber the land in anyway, so long as title is
in the GRANTOR.

NEK-SEN
Energy, LLC Homestead Land Co. Option to Purchase Real Estate: 2

     11. Notices. Any notice required hereunder shall be given to the parties hereto as
follows:

	 	 	 	 	 
	 
	 	 	 	 
	(a)

	 	TO GRANTOR:
	 	Phebe H. Lee
	 

	 	 	 	4415 Monitor Rock Lane
	 

	 	 	 	Colorado Springs, Colorado 80904

NEK-SEN Energy, LLC Reesman Investment Corporation Option to Purchase Real Estate: 3

 

	 	 	 	 	 
	 
	 	 	 	 
	(b)

	 	TO GRANTEE:
	 	NEK-SEN Energy, LLC
	 

	 	 	 	Gary Edelman
	 

	 	 	 	2324 T Rd.
	 

	 	 	 	Sabetha, Kansas 66534

Either party may change the address for notice by written notice to the other party under the
provisions of this paragraph, and thereafter such amended address shall apply to any notices
hereunder.

     12. Access to Grantee During Option Period. GRANTOR hereby grants to GRANTEE, its
agents, representatives, contractors, and assigns access to the option property and so much of
GRANTOR’s adjoining property as is reasonably necessary during the option period for the purposes
of conducting surveys, soil borings and testing, test wells, engineering and architectural studies,
environmental studies, and any other test or study as may be needed by GRANTEE to determine whether
the site is suitable for the intended use. GRANTEE shall pay to GRANTOR or their tenant reasonable
damages to any growing crops caused by such actions for the benefit of GRANTEE. If the parties can
not agree on a damage amount they shall submit the matter to a third party claims adjuster for
determination.

     13. Access to Other Property. GRANTOR owns property on the south side of the railroad
line and property to be conveyed hereunder. Presently access to such property is by private
crossing over the railroad with access on the abandoned road right of way which is a portion of the
property being obtained by GRANTEE. GRANTEE agrees to provide for the contained use of such access
to GRANTOR’S property on the south side of the railroad tracks, unless otherwise agreed to by the
parties or their successors in interest in writing. Access shall be shown by a 40 foot easement
along the east boundary of the property.

     14. Grain Bins. Upon exercise and closing of this Option Grantee agrees to pay
Grantor the additional sum of $25,000.00 for the grain storage binds and dryer located on the
property at the time of the signing of this Option. Grantor shall maintain such personal property
in proper working condition until closing.

     15. No Liens or Claims. Prior to closing Grantee shall not allow any lien, claim and
encumbrances to attach to real

NEK-SEN Energy, LLC Homestead Land Co. Option to Purchase Real Estate: 4

 

 

estate which arises out of any work performed by Grantee or
Grantee’s agents or contractors and shall indemnify and hold Grantor harmless from any such claim.
Additionally, although Grantor gives access permission to Grantee, its agents, representative,
contractors to Grantor’s Option property and adjoining property, Grantor assumes no liability for
injury or damages resulting from any presence or activity by Grantee, its agents or contractors on
Grantor’s property.

     16. Benefit. This option shall benefit and bind the parties hereto, their respective
heirs, personal representative and assigns. This option may be assigned by either party with the
written Consent of the other, which consent shall not be unreasonably withheld. To avoid the need
for all Grantors to sign the consent Phebe H. Lee is designated agent for such purpose.

     This agreement may be signed in several counterpart and upon a copy of the agreement being
signed by each Grantor listed, it shall be effective and binding upon all.

     Executed this 3rd day of March, 2006.

	 	 	 
	 
	 	 
	 

	 	NEK-SEN Energy, LLC
	 
	 	 
	/s/ Phebe H. Lee

	 	/s/ Gary Edelman
	 

	 	 
	Phebe H. Lee, Grantor

	 	Title: President
	 
	 	 
	/s/ Stanley W. Lee
	 	 
	Stanley W. Lee, Grantor
	 	 
	 
	 	 
	/s/ Sara Maxwell
	 	 
	Sara Maxwell, Grantor
	 	 
	 
	 	 
	/s/ Robert W. Maxwell
	 	 
	Robert W. Maxwell, Grantor
	 	 

 

NEK-SEN Energy, LLC Homestead Land Co. Option to Purchase Real Estate: 5

 

	 	 	 
	 
	 	 
	/s/ Craig D. Lee
	 	 
	
Craig D. Lee, Grantor
	 	 
	 
	 	 
	 /s/ Susan Kitahara Lee
	 	 
	
Susan Kitahara Lee, Grantor
	 	 
	 
	 	 
	 /s/ Scott B. Lee
	 	 
	
Scott B. Lee, Grantor
	 	 
	 
	 	 
	 /s/ E. Elizabeth Aghbashian
	 	 
	
Eghsapeth Elizabeth Aghbashian, Grantor
	 	 
	 
	 	 
	 /s/ Melissa L. Hortik
	 	 
	
Melissa L. Hortik, Grantor
	 	 
	 
	 	 
	 /s/ Dale H. Hortik
	 	 
	
Dale H. Hortik, Grantor
	 	 
	 
	 	 
	 /s/ Virginia Larson
	 	 
	
Virginia Larson, Grantor
	 	 
	 
	 	 
	[/s/ VL]
	 	 
	Mark R. Larson, Grantor
	 	 
	 
	 	 
	 /s/ Jeanette Maxwell
	 	 
	
Jeanette Maxwell, Grantor
	 	 

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	STATE
OF
Colorado                        
	 	 	)	 	 	 
	 

	 	 	)	SS	 	 
	COUNTY
OF
El Paso                       

	 	 	)	 	 	 

NEK-SEN Energy, LLC Homestead Land Co. Option to Purchase Real Estate: 6

 

     The foregoing instrument was acknowledged before me on March 3, 2006, by Phebe H. Lee
and Stanley W. Lee, wife and husband, Grantor.

	 	 	 
	(Seal)

	 	/s/ Amanda Morfits
	 

	 	Notary Public
	My Commission Expires:
	 	 
	 
	 	 
	09/19/2009
	 	 
	 

 

NEK-SEN
Energy, LLC Homestead Land Co. Option to Purchase Real Estate: 7

 

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	STATE
OF
California                               
	)	 	 	 
	 

	)	ss	 	 
	COUNTY
OF Los Angeles                     

	)	 	 	 

     The foregoing instrument was acknowledged before me on March 6, 2006, by Sara Maxwell
and Robert W. Maxwell, wife and husband, Grantor.

	 	 	 	 	 
	[Notary Seal]
	 	 	 	 
	Michael Lawrence Straley
	 	 	 	 
	Commission #1452531
	 	 	 	 
	Notary Public — California

	 	 	/s/ Michael L. Straley
	Los Angeles County

	 	 	Notary Public
	My Comm. Expires Nov. 22, 2007
	 	 	 	 
	 
	 	 	 	 
	My Commission Expires:
	 	 	 	 
	 
	 	 	 	 
	11-22-07
	 	 	 	 
	 
	 	 	 	 

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	STATE
OF                                       
	)	 	 	 
	 

	)	ss	 	 
	COUNTY
OF                                   

	)	 	 	 

     The foregoing instrument was acknowledged before me on , 2006, by Craig D. Lee and Susan
Kitahara, husband and wife, Grantor.

	 	 	 	 	 	 	 	 	 
	[Notary Seal]
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	Notary Public
	My Commission Expires:
	 	 	 	 	 	 	 	 
	 
	 	 	 	 
	STATE
OF
California                    

	 	)	 	 	 	 	 
	 

	 	)	ss	 	 
	COUNTY
OF
Yolo                         

	 	)	 	 	 	 	 

     The foregoing instrument was acknowledged before me on March 7, 2006, by Scott B. Lee
and Eghsapeth Elizabeth Aghbashian, husband and wife, Grantor.

     NEK-SEN Energy, LLC Homestead Land Co. Option to Purchase Real Estate: 8

 

 

	 	 	 	 	 	 	 	 	 
	[Notary Seal]
	 	 	 	 	 	 	 	 
	TIMOTHY W. IRELAND
	 	 	 	 	 	 	 	 
	Comm. #1515520
	 	 	 	 	 	 	 	 
	Notary Public — California

	 	 	 	 	 	 	 	/s/ Timothy W. Ireland
	 

	 	 	 	 	 	 	 	 
	Yolo County

	 	 	 	 	 	 	 	Notary Public
	 
	 	 	 	 	 	 	 	 
	My Comm. Expires Sept. 25, 2008
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	My Commission Expires:
	 	 	 	 	 	 	 	 
	 
	 	 	 	 
	9-25-2008
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	STATE
OF
                    

	)	 	 	 	 	 
	 

	)	ss	 	 
	COUNTY
OF                  

	)	 	 	 	 	 

     The foregoing instrument was acknowledged before me on , 2006, by Melissa L. Hortik and Dale
H. Hortik, wife and husband, Grantor.

	 	 	 	 	 	 	 	 	 
	[Notary Seal]
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Notary Public
	 
	 	 	 	 	 	 	 	 
	My Commission Expires:
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	STATE OF Washington          

	)	 	 	 	 	 
	 

	)	 	ss	 	 
	COUNTY
OF King         
          

	)	 	 	 	 	 

     The foregoing instrument was acknowledged before me on March 9, 2006, by Virginia
Larson and Mark R. Larson, wife and husband, Grantor a married woman dealing with her separate
estate, Grantor.

	 	 	 	 	 	 	 	 	 
	[Notary Seal]
	 	 	 	 	 	 	 	 
	Notary Public
	 	 	 	 	 	 	 	 
	State of Washington
	 	 	 	 	 	 	 	 
	JAMES M. BUCKLEY

	 	 	 	 	 	 	 	/s/ James M. Buckley
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Notary Public
	My Appointment Expires Aug. 2, 2006
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	My Commission Expires:
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	02 Aug 06
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 

NEK-SEN Energy, LLC Homestead Land Co. Option to Purchase Real Estate: 9

 

	 	 	 	 	 	 	 	 	 
	STATE OF Washington          

	)	 	 	 	 	 
	 

	)	 	ss	 	 
	COUNTY
OF King         
          

	)	 	 	 	 	 

     The foregoing instrument was acknowledged before me on March 7, 2006, 2006, by
Jeanette Maxwell, a single person, Grantor.

	 	 	 	 	 	 	 	 	 
	[Notary Seal]
	 	 	 	 	 	 	 	 
	State of Washington
	 	 	 	 	 	 	 	 
	Notary Public
	 	 	 	 	 	 	 	 
	MADIE SUZANNE AMONSEN

	 	 	 	 	 	 	 	/s/ Madie Suzanne Amonsen
	 

	 	 	 	 	 	 	 	 
	Comm. Exp. September 29,2008

	 	 	 	 	 	 	 	Notary Public
	 
	 	 	 	 	 	 	 	 
	My Commission Expires:
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	9/29/08
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	STATE OF Kansas

	)	 	 	 	 	 
	 

	)	 	 	ss	 	 
	COUNTY OF Nemaha

	)	 	 	 	 	 

     The foregoing instrument was acknowledged before me on April 18 , 2006, by Gary
Edelman, President of NEK-SEN Energy, LLC.

	 	 	 
	[Notary Seal]
	 	 
	Notary Public – State of Kansas
	 	 
	GERALD L. HOWARD
	 	 
	My Appt. Exp. 5 Apr. 2010

	 	/s/ Gerald L. Howard
	 

	 	 
	 

	 	Notary Public
	My Commission Expires:
	 	 
	 
	 	 
	5 Apr 2010
	 	 

NEK-SEN
Energy, LLC Homestead Land Co. Option to Purchase Real Estate: 10

 

CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT

	 	 	 	 	 	 	 
	State of California

	)	 	 	 	 	On March 15, 2006 before me,
Robert Strobel, a Notary Public,
	 

	)   s.	 	 	 	 	in and for the State of California, personally appeared
	County of Contra Costa

	)	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	Craig D. Lee

Susan Kitahara Lee
	 
	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	 ̈ personally known to me, or
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	x proved to me on the basis of
satisfactory evidence to be the
person(s) whose name(s) is/are
subscribed to the within instrument
and acknowledged to me that
he/she/they executed the same in
his/her/their authorized
capacity(ies), and that by
his/her/their signature(s) on the
instrument the person(s), or the
entity upon behalf of which the
person(s) acted, executed the
instrument.
	 
	 	 	 	 	 	 
	[Notary Stamp]

	 	 	 	 	 	WITNESS my hand and official seal.
	ROBERT STROBEL

	 	 	 	 	 	 
	Commission # 1622176

	 	 	 	 	 	/s/ Robert Strobel
	Notary Public – County

	 	 	 	 	 	Robert Strobel, Notary Public
	Contra Costa County
	 	 	 	 	 	 
	My Comm. Expires No 15, 2009

	 	 	 	 	 	 
	 
	 	 	 	 
	 	 	 

— OPTIONAL —

Description of Attached Document

Title or Type of Document: Option to Purchase Real Estate

Document Date:              Number of Pages:           

 

ADDENDUM TO

OPTION TO PURCHASE REAL ESTATE

     Whereas, Phebe H. Lee and Stanley W. Lee, wife and husband, Sara Maxwell and Robert W.
Maxwell, wife and husband, Craig D. Lee and Susan Kitahara Lee, husband and wife, Scott B. Lee and
Eghsapeth Elizabeth Aghbashian, husband and wife, Melissa L. Hortik and Dale H. Hortik, wife and
husband, Virginia Larson and Mark R. Larson, wife and husband a married woman dealing with her
separate estate[/s/ VL], and Jeanette Maxwell, a single person, as GRANTORS, and NEK-SEN Energy,
LLC, GRANTEE, have entered into an Option to Purchase Real Estate, and.

     Whereas, the parties wish to amend the terms of such Agreement as set out herein;

     
Now, therefore, it agreed by the parties as follows:

     1. Paragraph 2 of said Agreement be amended to read as follows:

"2.
Exercise of Option. GRANTEE shall exercise the option by giving GRANTOR written notice of its intent to purchase to Grantor no later than September 30, 2006. Closing shall be on or before May 31, 2007 unless otherwise agreed to by the parties in writing.”

     2. Paragraph 3 of said Agreement be amended to read as follows:

"3. Purchase Price. The purchase price shall be the sum of $7,500.00 per acre as
surveyed. GRANTEE shall pay to Grantor a down paymet of an additional $25,000.00 on or before
January 15, 2007 if the Option is exercised. Such down payment shall be liquidated damages should
GRANTEE after exercising the option fail to close the sale. The balance of the purchase price,
less credits for the option payment and down payment shall be paid by GRANTEE to GRANTOR at
closing, concurrently with delivery of the deed of conveyance from GRANTOR to GRANTEE.”

     3.
That the original Option to Purchase Real Estate shall in all other respects remain the same.

NEK-SEN
Energy, LLC Homestead Land Co. Addendum to Option: 1

 

	 	 	 
	 	 	
NEK-SEN Energy, LLC

	 	 	 
	/s/ Phebe H. Lee
 

Phebe H. Lee, Grantor	 	
/s/ Gary Edelman
 

Title: President
 

	 	 	 
	/s/ Stanley W. Lee
 

Stanley W. Lee, Grantor	 	 
	 	 	 
	/s/ Sara Maxwell
 

Sara Maxwell, Grantor	 	 
	 	 	 
	/s/ Robert W. Maxwell
 

Robert W. Maxwell, Grantor	 	 
	 	 	 
	/s/ Craig D. Lee
 

Craig D. Lee, Grantor	 	 
	 	 	 
	/s/ Susan Kitahara Lee
 

Susan Kitahara Lee, Grantor	 	 
	 	 	 
	/s/ Scott B. Lee
 

Scott B. Lee, Grantor	 	 
	 	 	 
	/s/ Eghsapeth Elizabeth Aghbashian
 

Eghsapeth Elizabeth Aghbashian, Grantor	 	 

 

NEK-SEN
Energy, LLC Homestead Land Co. Addendum to Option: 2

 

	 	 	 
	/s/ Melissa L. Hortik
 

Melissa L. Hortik, Grantor	 	 
	 	 	 
	/s/ Dale H. Hortik
 

Dale H. Hortik, Grantor	 	 
	 	 	 
	/s/ Virginia Larson
 

Virginia Larson, Grantor	 	 

NEK-SEN
Energy, LLC Homestead Land Co. Addendum to Option: 3

 

	 	 	 	 	 
	 
	 	 	 	 
	Mark R. Larson, Grantor
	 	 	 	 

	 	 	 	 	 
	/s/ Jeanette Maxwell
	 	 	 	 
	Jeanette Maxwell, Grantor
	 	 	 	 
	 
	 	 	 	 
	STATE
OF
Arizona              

COUNTY OF Maricopa       

	)

)   ss

)
	 	 

     The foregoing instrument was acknowledged before me on April 6, 2006, by Phebe H. Lee
and Stanley W. Lee, wife and husband, Grantor.

	 	 	 	 	 	 	 
	[Notary Seal]
	 	 	 	 	 	 
	“OFFICIAL SEAL”
	 	 	 	 	 	 
	RACHEL SWAN
	 	 	 	 	 	 
	Notary Public State of Arizona

	 	 	 	 	 	/s/ Rachel Swan
	 

	 	 	 	 	 	 
	Maricopa County

	 	 	 	 	 	Notary Public
	 
	 	 	 	 
	My Commission Expires 03/24/2008
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	My Commission Expires:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	STATE
OF
California              

COUNTY OF Los Angeles     

	)

)   ss

)
	 	 	 	 

     The foregoing instrument was acknowledged before me on April 11, 2006, by Sara Maxwell
and Robert W. Maxwell, wife and husband, Grantor.

	 	 	 	 	 	 	 
	[Notary Seal]
	 	 	 	 	 	 
	KAREN DOUGLAS
	 	 	 	 	 	 
	Commission #1462004
	 	 	 	 	 	 
	Notary Public — California

	 	 	 	 	 	/s/ Karen Douglas
	 

	 	 	 	 	 	 
	Los Angeles County

	 	 	 	 	 	Notary Public
	My Comm. Expires Apr 10, 2008
	 	 	 	 	 	 

NEK-SEN
Energy, LLC Homestead Land Co. Addendum to Option: 4

 

	 	 	 	 	 	 	 	 	 
	My Commission Expires:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	4-10-08
	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 
	STATE
OF
             

	)	 	 	 
	 

	)	ss
	COUNTY OF           

	)	 	 	 

     The foregoing instrument was acknowledged before me on , 2006, by Craig D. Lee and Susan
Kitahara, husband and wife, Grantor.

	 	 	 	 	 	 	 	 	 
	[Notary Seal]
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Notary Public
	My Commission Expires:
	 	 	 	 	 	 	 	 
	STATE OF California          

	)	 	 	 	 	 
	 

	)	ss	 	 
	COUNTY
OF Yolo               

	)	 	 	 	 	 

     The foregoing instrument was acknowledged before me on April 5, 2006, by Scott B. Lee
and Eghsapeth Elizabeth Aghbashian, husband and wife, Grantor.

	 	 	 
	[Notary Seal]
	 	 
	TIMOTHY W. IRELAND
	 	 
	Comm. #1515520
	 	 
	Notary Public — California

	 	/s/ Timothy W. Ireland
	 

	 	 
	Yolo County

	 	Notary Public
	My Comm. Expires Sept. 25, 2008
	 	 
	 
	 	 
	My Commission Expires:
	 	 
	 
	 	 
	 

NEK-SEN
Energy, LLC Homestead Land Co. Addendum to Option: 5

 

	 	 	 	 	 
	STATE
OF
                  

COUNTY OF               

	)

)   ss

)
	 	 

     The foregoing instrument was acknowledged before me on , 2006, by Melissa L. Hortik and Dale
H. Hortik, wife and husband, Grantor.

	 	 	 
	[Notary Seal]
	 	 
	 
	 	 
	 

	 	 
	 

	 	Notary Public
	 
	 	 
	My Commission Expires:
	 	 
	 
	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 
	STATE
OF Washington        

	)	 	 	 	 	 	 	 
	 

	)   ss	 
	COUNTY
OF King                 

	)	 	 	 

     The foregoing instrument was acknowledged before me on 5th of April, 2006, by Virginia
Larson and Mark R. Larson, wife and husband a married woman dealing with her separate estate, Grantor.

	 	 	 	 	 	 	 
	[Notary Seal]
	 	 	 	 	 	 
	State of Washington
	 	 	 	 	 	 
	Notary Public
	 	 	 	 	 	 
	TERESA HSIN LAM

	 	 	 	 	 	/s/ Teresa Hsin Lam
	 

	 	 	 	 	 	 
	Comm. Exp. November 30, 2008

	 	 	 	 	 	Notary Public
	 
	 	 	 	 
	My Commission Expires:
	 	 	 	 	 	 
	 
	 	 	 	 
	11/30/2009
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 
	STATE OF  Washington           

	)	 	 	 
	 

	)   ss	 	 	 
	COUNTY
OF
King                     

	)	 	 	 

NEK-SEN
Energy, LLC Homestead Land Co. Addendum to Option: 6

 

     The foregoing instrument was acknowledged before me on 4th of April, 2006, by Jeanette
Maxwell, a single person, Grantor.

	 	 	 	 	 	 	 	 	 
	[Notary Seal]
	 	 	 	 	 	 	 	 
	State of Washington
	 	 	 	 	 	 	 	 
	Notary Public
	 	 	 	 	 	 	 	 
	MICHAEL ENG

	 	 	 	 	 	 	 	/s/ Michael Eng
	 

	 	 	 	 	 	 	 	 
	Commission Expires May 29, 2006

	 	 	 	 	 	 	 	Notary Public
	 
	 	 	 	 	 	 	 	 
	My Commission Expires:
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	05/29/2006
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 

NEK-SEN
Energy, LLC Homestead Land Co. Addendum to Option: 7

	 	 	 	 	 	 	 	 	 
	STATE OF Kansas          

	)	 	 	 	 	 
	 

	)	 	ss	 	 
	COUNTY
OF
Nemaha      

	)	 	 	 	 	 

     The foregoing instrument was acknowledged before me on April 18 , 2006, by Gary
Edelman, President of NEK-SEN Energy, LLC.

	 	 	 
	[Notary Seal]
	 	 
	NOTARY PUBLIC – State of Kansas
	 	 
	GERALD L. HOWARD
	 	 
	My Appt. Exp. 5 Apr. 2010

	 	/s/ Gerald L. Howard
	 

	 	 
	 

	 	Notary Public
	 
	 	 
	My Commission Expires:
	 	 
	 
	 	 
	5 Apr 2010
	 	 
	 
	 	 

NEK-SEN
Energy, LLC Homestead Land Co. Addendum to Option: 8

 

CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT

	 	 	 	 	 	 	 
	State of California County of Contra Costa

	)

)   s.
)	 
	 	 	 	On April 7, 2006 before me,
Robert Strobel, a Notary Public, in
and for the State of California,
personally appeared
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	Craig D. Lee
	 

	 	 	 	 	 	Susan Kitahara Lee
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 ̈ personally known to me, or
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	x proved to me on the basis of
satisfactory evidence to be the
person(s) whose name(s) is/are
subscribed to the within instrument
and acknowledged to me that
he/she/they executed the same in
his/her/their authorized
capacity(ies), and that by
his/her/their signature(s) on the
instrument the person(s), or the
entity upon behalf of which the
person(s) acted, executed the
instrument.
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	WITNESS my hand and official seal.
	 
	 	 	 	 	 	 
	[Notary Stamp]
	 	 	 	 	 	 
	ROBERT STROBEL

	 	 	 	 	 	/s/ Robert Strobel
	Commission # 1622176

	 	 	 	 	 	Robert Strobel, Notary Public
	Notary Public – County

	 	 	 	 	 	 
	Contra Costa County
	 	 	 	 	 	 
	My Comm. Expires No 15, 2009
	 	 	 	 	 	 
	 
	 	 	 	 
	 	 	 

— OPTIONAL —

Description of Attached Document

Title or Type of Document: Addendum to Option to Purchase Real Estate

Document Date:               Number of Pages:exv10w6

 

EXHIBIT 10.6

OPTION AGREEMENT FOR

PURCHASE OF REAL PROPERTY

     THIS OPTION AGREEMENT (“Agreement”) is made and entered into this the
3rd day of May, 2006, by Robert K. Eis, Sr., Robert Kenneth Eis, Jr.
and Victoria S. Eis, husband and wife, (hereinafter “Seller”), and NEK-SEN Energy, LLC, a Kansas
limited liability company, (hereinafter “Purchaser”).

     WHEREAS, Seller is the fee simple owner of certain real property located in Brown County,
Kansas, (“Real Property”) more particularly described as follows:

     The Southeast Quarter (SE1/4) of Section 1, Township 1 South, Range 16 East of the
6th P.M., Brown County, Kansas.

     WHEREAS, Purchaser desires to procure an Option to Purchase the Real Property consisting of
154 acres, as surveyed, upon the terms and provisions as hereinafter set forth;

     1. GRANT OF OPTION. In consideration of Five Thousand Dollars and no cents ($5,000.00), and
other good and valuable consideration, the receipt of which is hereby acknowledged by the parties
hereto and for the mutual covenants contained herein, Seller does hereby grant to Purchaser the
exclusive and irrevocable option and right to purchase (“Option”) the Real Property upon the terms
and conditions as set forth herein. The Seller agrees that this option payment shall be credited
against the total purchase price in the event Purchaser exercises this Option Agreement.

     2. TERM OF OPTION. Unless otherwise agreed upon by the parties in writing, the Option
granted by Seller to Purchaser shall remain in effect for a period of
________ months from the date of this
agreement, to expire on September 30, 2007 (“Option Period”). Upon the failure of the Purchaser to
exercise said Option by such date, the Option shall automatically terminate and all amounts paid by
Purchaser shall be retained by Seller.

     3. PURCHASE PRICE. The purchase price for the Real Property shall be $5,000.00 per acre, as
determined by survey. The parties agree to close the sale transaction within 60 days of the notice
of exercise of the Option, unless otherwise agreed to in writing by the parties. Purchaser shall
be entitled to possession upon closing, subject to the current farm lease.

     4. ESCROW AND CLOSING. An escrow shall be opened with Mishler & Deiter Law Office, of
Sabetha, Kansas upon exercise of the Option. All necessary documents shall be delivered to the
Escrow Agent and all payments required hereunder, including payment of the balance of the purchase
price, shall be made to escrow agent in accordance with the Contract. Seller and Purchaser shall
execute such escrow instructions, not inconsistent with the terms of this Option, as may be
requested by the escrow agent from time to time.

 

 

     Closing shall occur in accordance with the terms of the Contract and delivery of possession as
set out therein.

     5. EXERCISE OF OPTION. Seller and Purchaser agree that Purchaser may exercise the Option to
purchase the Premises at any time during the Option Period by written notice to Seller at the
address set out below.

     6. NOTICE. All notices, demands and/or consents provided for in this Agreement shall be in
writing and shall be delivered to the parties hereto by hand or by United States Mail with postage
pre-paid. Such notices shall be deemed to have been served on the date mailed, postage pre-paid.
All such notices and communications shall be addressed to the Seller as follows: Robert K. Eis,
Sr., 1286 320th Street, Hiawatha, KS 66434 and Robert Kenneth Eis, Jr., 130 Pinto Lane,
Sedona, AZ 86351, and to Purchaser as follows: NEK-SEN Energy, LLC c/o Gary Edelman, 205 South
8th Street, Sabetha, KS 66534, or at such other address as either may specify to the
other in writing.

     7. CONTRACT FOR PURCHASE & SALE OF REAL PROPERTY. In the event that the Purchaser exercises
its Option as provided for above, Seller and Purchaser agree to execute a contract for such
purchase and sale of the Real Property with the terms and conditions to be stated therein. Such
terms and conditions shall include the terms of this agreement, which shall be incorporated by
reference, and other terms as follows:

     a. Marketable Title: The Seller shall, within seven (7) days after request from the
Purchaser, deliver to the Purchaser or to whom the Purchaser may direct, an abstract of title, or a
commitment for an owner’s policy of title insurance, certified to date by a competent and bonded
abstracter showing all instruments of record affecting said property from the United States
Government to this date, with the usual certificates as to bankruptcy, taxes, judgments and
mechanic’s liens. Subsequent acceptance of the abstract or title commitment by the Purchaser shall
be a waiver of time of delivery. The Purcahser shall have a reasonable time after delivery of said
abstract or title report, not to exceed ten (10) days, in which to have the same examined and
returned to the Seller with any written objections to the marketability of the title. The cost of
updating the abstract or providing the title insurance policy shall be paid by Purchaser.

     b. Deed: At the closing, Seller shall convey good and marketable title to the Purchaser in
the form of a General Warranty Deed which shall be executed and acknowledged so as to convey to
Purchaser the fee simple of the Premises, free and clear of all encumbrances except as set out in
the contract of sale and purchase of the Real Property.

     c. Taxes and Farm Payments: Seller shall pay all general taxes and special assessments for
the years prior to the current calendar year. General taxes and special assessment installments
for the calendar year in which the Option is exercised shall be

 

 

paid by the party receiving the farm income for that year. The Purchaser shall assume all general
taxes and special assessments other than those to be paid by the Seller as described herein.
Seller shall be entitled to the 2006 crop harvest and income therefrom, subject only to Purchaser’s
right of access to the property. Seller agrees to notify Tenant, if any, of the termination of the
tenancy for crop year 2007 in the event that this option is exercised. Purchaser shall reimburse
Seller for reasonable damages to growing crops, as well as anticipated profits for actual loss of
crops, caused by Purchaser’s access to the property. Purchaser agrees to pay to the U.S.
Department of Agriculture the sum of money required to buy-out such Real Property from the program
and to hold Seller harmless for the same.

     8. CONDITIONS OF OPTION. Seller and Purchaser agree that Purchaser shall not encumber the
Real Property in anyway until the closing of the sale transaction. Purchaser agrees to survey the
Real Property at Purchaser’s expense prior to the exercise of the option and that the purchase
price shall be calculated based on the surveyed acres. The parties agree to execute any and all
documents necessary to reform the legal description to conform to the surveyed description. Seller
hereby grants Purchaser, its agents, representatives, contractors, and assigns, access to the Real
Property as is reasonably necessary during the Option Period to conduct surveys, soil samples, test
wells, engineering and architectural studies, environmental studies, and any other test or study as
required by Purchaser to determine suitability of Real Property. Purchaser shall reimburse Seller
reasonable damages to growing crops caused by Purchaser’s access to the Real Property, to include
anticipated profits from growing crops actually damaged by Purchaser’s activities on the Real
Property.

     9. MISCELLANEOUS.

     (a) Execution by Both Parties. This Agreement shall not become effective and binding until
fully executed by both Purchaser and Seller.

     (b) Governing Law. This Agreement shall be governed by and construed in accordance with the
laws of the state of Kansas.

     (c) Successors and Assigns. This Agreement shall apply to, inure to the benefit of and be
binding upon and enforceable against the parties hereto and their respective heirs, successors, and
or assigns, to the extent as if specified at length throughout this Agreement.

     (d) Time. Time is of the essence of this Agreement.

     (e) Cost of this Agreement. Any cost and/or fees incurred by the Purchaser or Seller in
executing this Agreement shall be borne by the respective party incurring such cost and/or fee.

     (f) Entire Agreement. This Agreement contains all of the terms, promises, covenants,
conditions and representations made or entered into by or between Seller

 

 

and Purchaser and supersedes all prior discussions and agreements whether written or oral between
Seller and Purchaser with respect to the Option and all other matters contained herein and
constitutes the sole and entire agreement between Seller and Purchaser with respect thereto. This
Agreement may not be modified or amended unless such amendment is set forth in writing and executed
by both Seller and Purchaser with the formalities hereof.

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed under proper
authority:

	 	 	 	 	 	 	 
	SELLER

	 	 	 	PURCHASER	 	 
	 

	 	 	 	NEK-SEN Energy, LLC	 	 
	 
	 	 	 	 	 	 
	/s/
Robert K. Eis, Sr.
 

Robert K. Eis, Sr.

	 	 	 	/s/ Gary Edelman
 

By: Gary Edelman, President
	 	 
	 
	 	 	 	 	 	 
	/s/ Robert Kenneth Eis, Jr.
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Robert Kenneth Eis, Jr.
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	/s/ Victoria S. Eis
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Victoria S. Eis
	 	 	 	 	 	 

ACKNOWLEDGMENT

STATE OF KANSAS, COUNTY OF NEMAHA, ss:

     The foregoing instrument was acknowledged before me, a Notary Public, on the
3rd day of May, 2006, by Robert K. Eis, Sr., a single person.

	 	 	 	 	 
	[Notary Stamp]
	 	 	 	 
	LAURIE HUPPERT
	 	 	 	 
	NOTARY PUBLIC

STATE OF KANSAS

	 	/s/ Laurie Huppert
 

Notary Public
	 	 
	My
Appt. Exp. ___________
	 	 	 	 
	 
	My appointment expires:
	 	 	 	 
	2-8-2009
	 	 	 	 

 

 

STATE OF ARIZONA, COUNTY OF YAVAPAI, ss:

     The foregoing instrument was acknowledged before me, a Notary Public, on the 5th day
of May, 2006, by Robert Kenneth Eis, Jr. and Victoria S. Eis, husband and wife.

	 	 	 	 	 
	[Notary Stamp]
	 	 	 	 
	Notary Seal
	 	 	 	 
	TRACY KNOWLES
	 	 	 	 
	NOTARY PUBLIC — ARIZONA

	 	/s/ Tracy Knowles
 

	 	 
	YAVAPAI COUNTY

	 	Notary Public	 	 
	My Comm. Expires Aug. 14, 2009
	 	 	 	 
	 
	My appointment expires:
	 	 	 	 
	8/14/09
	 	 	 	 

STATE OF KANSAS, COUNTY OF NEMAHA, ss:

     The foregoing instrument was acknowledged before me, a Notary Public, on the                      day of
                    , 2006, by Gary Edelman, President, NEK-SEN Energy, LLC, a Kansas limited liability company.

[Notary Stamp]

	 	 	 	 	 
	 	 	 
	 	                                                           /s/
 	 
	 	Notary Public 	 
	 	 	 
	 

My
appointment expires:

___________________

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