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which Alliance Bioenergy closes on the Property and terminates one year from that date. <br />In no event, shall the Option Term extend more than 18 months from the date of execution <br />of this Option Agreement. The Option shall immediately terminate if Alliance Bioenergy <br />is unable to close on the Property, or within 180 days of the execution of this Option <br />Agreement, whichever occurs first. <br />4. County Retainage of Processed Vegetative Waste. If Alliance Bioenergy exercises the <br />Option, the County will have the right to retain up to 40,000 tons of processed vegetative <br />waste per year. <br />5. Quality and Quantity of Processed Vegetative Waste. The County does not guarantee <br />the quality or quantity of processed vegetative waste that will be provided to Alliance <br />Bi oenergy. <br />6. No Charge or Fee for Processed Vegetative Waste. Alliance Bioenergy will not charge <br />the County any fee or charge for accepting or receiving County's processed vegetative <br />waste. <br />7 Acts of God. In the event of a hurricane or other significant act of God, which impacts the <br />amount of vegetative waste, the County shall retain the right to utilize other methods of <br />disposal of processed vegetative waste. <br />8. Final Contract. Upon exercise of the Option, County and Alliance Bioenergy shall have <br />60 calendar days to enter into a contract for the processed vegetative waste on mutually <br />agreeable terms, which shall include the terms and conditions contained within this Option <br />Agreement. <br />9. Governing Law/Venue. This Option Agreement shall be governed by the laws of the <br />State of Florida. Venue for any lawsuit brought by either party against the other party or <br />otherwise arising out of this Agreement shall be in Indian River County, Florida, or, in the <br />event of federal jurisdiction, in the United States District Court for the Southern District of <br />Florida. <br />10. Notices. Any notice required hereunder shall be in writing and shall be delivered by <br />personal delivery, courier, express or overnight mail, or certified mail, return receipt <br />requested, addressed to the appropriate party as follows: <br />If to County <br />Page 2 of 3 <br />Jason Brown <br />County Administrator <br />Indian River County <br />1801 27th Street <br />Vero Beach, Florida 32960 <br />