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  • Question

    When exercising an option, would there be a "Change in Price" in Blk 14 of the SF 30? or would there only be a change in obligation?


    Answer

    When exercising an option period using the SF 30, block 14 typically indicates that the total cost of the contract has increased from X dollars to Y dollars, and that the prices set forth in the original contract for Option Year Z are applicable to this option period. Block 14 will also address other summary information, such as whether terms and conditions have changed or remain the same.

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