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<br />.. <br />In order for second party to exercise its option to enter into the <br />attached lease, it must comrna~ce work before December 1, 1985, and if it does <br />not then the option is immediately terminated. Secondly, and further, in <br />order for second party to exercise its option it must complete the said work <br />by February 1, 1986, and if it has not done so, this option shall be canceled <br />and terminated as of that date. If second party cro~m~ences and finishes the <br />said work within the dates above specified then it shall have until April 1, <br />1986, in which to exercise its option to enter into the attached lease which <br />it may do at its option, but if it does exercise its option by written notice <br />to Lessor either personally delivered or by certified mail, return receipt, <br />to Lessor at 1140 Howard Street, Delta, Colorado 81416 on or before April 1, <br />1986, then party of the first part shall execute said lease along with party <br />of the second part and the lease shall thereupon becortie binding and in effect <br />as to both parties hereto. <br />Dated at Delta, Colorado, the /yam day of November, 1985. <br />~~ <br />IN 4GWBRAY, Party o the First <br />Part <br />ACTION EXCAVATING, INC., <br />a Corporation <br />~ ~ I <br />BY_ <br />JOKE,,, President <br />