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NOW, THEREFORE, for and in consideration of Ten Dollars ($10.00) and other good <br />and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, <br />GRANTOR hereby agrees that immediately after the recordation by GRANTOR of the Deed <br />conveying the Property to GRANTOR, the Easement Agreement, shall become a valid, binding <br />and effective conveyance of the Easement to GRANTEE. GRANTOR has this date executed the <br />Easement Agreement and hereby agrees that GRANTEE may record such Easement Agreement <br />at any time in GRANTEE's sole discretion. GRANTOR further agrees that at the request of <br />GRANTEE, GRANTOR will execute and deliver a new easement agreement to GRANTEE in <br />substantially the same form as the Easement Agreement, for recordation after the recordation of <br />the Deed. Upon GRANTOR's acquisition of title to the Property pursuant to the Deed, this <br />Option Agreement shall be and shall constitute a covenant running with the Property for all <br />purposes and shall terminate only when fully executed counterparts of said Easement Agreement <br />are filed for record in the Official Public Records of Real Property of Harris County, Texas. <br />This Option Agreement and the terms and provisions hereof shall be binding upon GRANTOR <br />and GRANTOR's successors and assigns. <br />SIGNED AND EXECUTED this day of 1-00 1 , 2015. <br />Walter E. Johnson <br />&v� .. .. L4-.-4 - <br />ZL-V1- <br />Signature <br />11 <br />Printed Name <br />Title <br />2 <br />LP -00115-M <br />SWBT Option Agreement <br />Block 92 & 101 <br />