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as s 0 AGREEMENT TO RELINQUISH OPTION RIGHT IN EXCHANGE FOR CONSERVATION EASEMENT THIS AGREEMENT is made and entered into as of this 13th day of July, 1999 by and between INDIAN RIVER COUNTY, a political subdivision of the State of Florida, whose mailing address is 1840 25th Street, Vero Beach, Florida 32960 (County) and Thomas H. Collins and Gretchen P. Collins, whose mailing address is 9301 N. A -1-A, Suite 4, Vero Beach, Florida 32963 (Collins). WITNESSETH: WHEREAS, the County holds an option agreement for sale and purchase of certain real property situated in Indian River County, Florida as more particularly described in Exhibit "A" attached hereto and by this reference made a part hereof ("Property"); and WHEREAS, Collins has a back-up contract for sale on the property and would like to acquire the property to build a house and in consideration for the relinquishment of the option by the County grant the County a conservation easement over most of the property, NOW, THEREFORE, in consideration of the premises and of the mutual covenants hereinafter contained, and other good and valuable considerations, the parties hereto, each intending to be legally bound, do hereby warrant and agree as follows: The Purchase. lJUlll lly cfylCCs LV It11111111.11J11 all VI Its rlgllla llilV cl that certain option agreement for sale and purchase of the property dated April 15, 1999 between Daniel I. Preuss, Trustee, Barbara B. Lynch, Trustee and Wayne C. Sommers, and the County. Collins agrees to purchase the property under the back-up contract described above within 30 days of the effective date of this agreement. Consideration. Collins in consideration of the County's relinquishment of option rights agrees to deed to the County at closing a conservation easement in perpetuity over all the property as described in Exhibit "C" to this agreement. The form of said easement is as set forth in Exhibit "B" to this agreement.