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MARKED Tio SHOW CHANGES ~''-'''~-''_.1:11.__............ ~'Y_"-'-"'Draff12/8/94. ,,"M_ J A-- PROMISSORY NOTE (Equipment Note I) $700,000.00 Saint Paul, Minnesota Dated: December --,1994 FOR VALUE RECEIVED, the undersigned, COMPUTYPE, INC., a Minnesota corporation (the "Maker"), promises to pay to the order of First Bank National Association, a national banking association (the "Lenderlt), the principal amount of all loans made by the Lender to the Maker under the terms of this Note (each, an "Advance" or collectively, the "Advances"), at the offices of Lender at 332 Minnesota Street, Saint Paul, Minnesota 55101, or at such other address as the holder hereof may from time to time designate in writing. The aggregate principal amount of all Advances outstanding hereunder shall not exceed SEVEN HUNDRED THOUSAND AND NO/I00 DOLLARS ($700,000.00). The principal of this Note shall be fixed on September 30, 1995 in an amount equal to the amount of Advances which have been made hereunder on or prior to that date. Commencing on November 1, 1995, the outstanding principal balance existing on September 30, 1995, along with accrued interest, shall be repaid in eighty-four (84) consecutive and substantially equal installments each in an amount which will amortize the principal and accrued interest on this Note in 84 monthly payments, with the remaining principal balance and accrued interest due in full on October 1, 2002. Interest on the unpaid principal balance from the date hereof at a per annum fixed rate equal to five and three quarters percent (5.75%), calculated on the basis of a year consisting of 360 days. All such interest shall be payable monthly in arrears on the first day of each month commencing on January 1, 1995, upon any permitted prepayment of this Note on the amount prepaid, and upon the maturity of this Note. No provision of this Note shall require the payment or permit the collection of interest in excess of the rate permitted by applicable law. The terms of this Note to the contrary notwithstanding, on the date on which the City of Roseville, Minnesota has verified to its satisfaction that the Maker occupies manufacturing and related facilities of eighty thousand (80,000) square feet or greater, in the City of Rosevi1~Minnesota, all remaining principal of this Note shall be forgiven.