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A <br />January 15, 1990 <br />Welsh Crossroads 89 <br />11200 West 78th Street <br />Eden Prairie, Minnesota 55344 <br />Re: Rosedale Center; Reciprocal Easement and <br />Operating Agreement <br />Gentlemen: <br />Welsh Crossroads 89, a Minnesota general partnership <br />("Welsh") and The Equitable Life Assurance society of the <br />United States ("Equitable") have been negotia�.ing a Reciprocal <br />Easement and operating Agreement (the "Agreement") relating <br />to a driveway easement over across Lot 2, Ramsey County►gM�nnesota <br />Rosedale Center First Addition, <br />owned by Equitable, and to a driveway easement over certain <br />property owned or to be owned by Welsh immediately to the <br />north and west of said Lot 2. ment attachedhis letter she�et°vase <br />you that the form of said Agree <br />Exhibit A is acceptable to Equitable, and <br />n dattat Equitable <br />agrees to sign the Agreement <br />in the ed uon <br />fulfillment of the following contingencies on or before <br />5:00 p.m. on April 1, 1990: <br />l , Welsh becoming the owner of record of all <br />of the Welsh Parcel as described in the Agreement; <br />2. Deliver. to Equitable of a title Opinion <br />addressed to Equitable Qrcm a lawyer licensed - Equitable <br />or <br />i cc <br />in Minnesota and reasonably <br />ss+�cda�octo Welshgby a title <br />of a title insurance p Y <br />insurance eocrspa ni author.,zed <br />Eodo business in Minnesota relating <br />and reasonably acccvtable <br />qu table, the <br />to a title examination of the Welsh Parcel made# and the <br />latter be ; ng dated, not car 1 ie. than t.cn days prior to <br />e + e 1, ,fie n A� P.c of record by Welsh osf+ the <br />d�11vq..�:�r ti. ir�kd'ti�A�i�AYi� '+..i Afr4.s :�h 4� claims <br />Welsh Par :rcc and cleai of IV . encumbrances or Equitable, <br />which r�rc, or msgE t i�cro, n the . asonable opinion of q <br />prior ..o the ragn;e ^: Egua•.tI le in the Welsh P11 <br />rcel S <br />t tee,,:� provided, however, if such opinion <br />,;ranted by the 9 <br />or title policy rc�:tle���ls such prior encumbrances or cl;��.rls <br />then this cone nc4ency stall, be mct and fulfilled i}, In <br />addition to su eh op $ .^. oR cr C i t I+ policy, th+° re s a 1 so <br />del ivcrcd to Equitable d :." cxe(, gated and recordable suboedina- <br />tions of SkIch, prso: or claims.+ +♦{ - to the <br />rights <br />o h E q u i a a b l L s� ice. a t� 4 �f A q r O Q- - t, 1� �L / s �/ ` �� s �d H M r M i nations t. \,/ <br />tl 1. <br />be in form and sub,,;.;3c�c � ;-t�6��,c�nably a�cce—ptable to Equitable <br />and to be rc:cord�d w2t'�Cit:t c0,,,t to le;uital�le: <br />