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Escrow Holder to release to Owner the Initial Deposit, and (iii) deposit into Escrow for <br /> immediate release to Owner the Additional Deposits in the amount set forth in the Table that <br /> corresponds to the first Extension Period. In order to exercise the second (and each subsequent) <br /> Extension Option, Optionee shall (x) notify Escrow Holder and Owner on or before the <br /> commencement of the applicable Extension Period that Optionee elects to exercise the Extension <br /> Option corresponding to such Extension Period and (y) deposit into Escrow for immediate <br /> release to Owner the Applicable Deposit or the Non - Applicable Deposit, as the case may be, that <br /> corresponds to each such Extension Period, in accordance with the Table below: <br /> Extension Period Applicable Deposit Non - Applicable Total Deposits <br /> Deposit <br /> 12/27/2010 through $56,000 (comprised $28,000 $84,000 <br /> 1/31/2011 of the Initial Deposit <br /> of $48,000, plus an <br /> Additional Deposit of <br /> $8,000) <br /> 2/1/2011 through $0.00 $21,000 $21,000 <br /> 2/28/2011 <br /> 3/1/2011 through $0.00 $21,000 $21,000 <br /> 3/31/2011 <br /> 4/1/2011 through $0.00 $21,000 $21,000 <br /> 4/30/2011 <br /> 5/1/2011 through $0.00 $21,000 $21,000 <br /> 5/31/2011 <br /> 6/1/2011 through $21,000 $0.00 $21,000 <br /> 6/30/2011 <br /> 7/1/2011 through $21,000 $0.00 $21,000 <br /> 7/31/2011 <br /> 8/1/2011 through $21,000 $0.00 $21,000 <br /> 8/31/2011 <br /> 9/1/2011 through $21,000 $0.00 $21,000 <br /> 9/30/2011 <br /> 10/1/2011 through $21,000 $0.00 $21,000 <br /> 10/31/2011 <br /> 11/1/2011 through $21,000 $0.00 $21,000 <br /> Option Agreement 80 Chemical <br /> 10.01. 2010 v.7 <br /> 4 <br />