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Arthur N. Montgomery Linda L. Montgomery Savoy Montgomery and Pauline Montgomery %W Page 2 July 29, 1981 Parvel IV - The South Half of Lots 9 and 10, Block 4, HIGHLAND ADDITION to the City of Batesville, Independence County, Arkansas. Parvel V - Lots 3 and 4, Block 3, and the South One -Half of Center Street immediately North of and adjacent to Lot 4, Block 3, HIGHLAND ADDITION to the City of Batesville, Indepen- dence County, Arkansas. It is further agreed, for and in consideration of the payment of an additional deposit of One Hundred and 00/100 Dollars ($100.00), receipt of which is hereby acknowledged, the exclusive option granted in the agreement dated February 9, 1981, is hereby extended to and including the 7th day of October, 1981. The additional deposit shall be applied to the purchase price if the purchase closes. Seller hereby further grants the buyer the right to extend this option for one (1) additional period of thirty (30) days prior to the expiration of this option, it being provided that buyer, upon the exercise of this extension right, shall pay to seller by check or draft an additional deposit of One Thousand Five Hundred and 00/100 Dollars ($1,500.00). The additional deposit shall be applied to the purchase price if the purchase closes. Except as herein modified, the R-201 Agreement dated February 9, 1981, and Letter Agreement dated May 20, 1981, shall remain in full force and effect and subject to all terms and conditions contained therein. This Letter Agreement has been prepared in triplicate so that you may retain one fully executed copy for your file. Yours sincerely, SAFEWAY STORES, By, INCORPORATED Billens Real E' ate Representative AGEEED TO AND ACCEPTED THIS 3 `� DAY OFf 1981. v , Arth r N� Montgomery Savoy n g mery \ Linda L. Montgomery Pauline Montgomery