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OPTION TO PURCIiASE AGREDIENT This agreement. dated��y5/ is between Corrmners-Klodt as Seller (optionor) and Vertimag Systems Corporation as Buyer (optionee). The Buyer reserves the option to purchase the following described property: The North 566.71t�feet of the East two acres of the West eleven acres of the SW-4 of the SW4 of Section 5, Township 29, Range 23, Ramsey County, Minnesota, subject to any restrictions, reservations, and easements of record. The purchase option on the property is for a term of two years, which term ccnmences on August 1, 1984. Provided below are the agreed upon purchase option prices and terms: The purchase price during the period from t�>>�•••�' July 31, 1985 shall br- 'IF CFich ^- ' . -.yQlI to purchase agreement-: �.,e aeller agrees to pay all unpaid special assessments levied against the piop..-rLy prior to the date of this agreement. Ilie Buyer agrees to asstzty-, and pay all special assessments that may be levied aga.icyst t ! • property Subsequent to the date of this agre i ent. 2. Real estate takes due --Hid 1--,ay;:1ble in the year the option to purchase is exercised shall be pro -rated between Seller and Buyer as of the date of closing. Real estate taxes payable in the years prior to the p, -chase shall be paid by the Seller; all future years taxes shall be tlm-za1,e//►►,o©) igation of the Buyer. 3. 'I'llis option tour I iase agreement i ' E g s subject to tlie Seller obtaining ►t-wketable title on Hie subject proper. ty whicii is presently a-nied by Anthony and Evelyn M�-,rabel.la. Ir # -eti ;•, .;,��-�+-,�,� +-e te the- -subjeet-prie - 1-4s-ebLzained-t4ireugti-eendenmt4en-- mxeed s-43�y �e-Ei-t.y--ef--Rc�e�� ,ie-dyer-agrees-tc3-{cur-c�l�ase-ttae-{arc�e�rem . ��ty-at-t}�e-sa+r+e� tents-pi;ovi�ded--for--l��in,-s�au-jeet--t.�p�areva� by-ti,re-eity-of-RosevA-le---Tn--Wie-even t-tlie-Ei t-y-ef-Resev444e-dpjnands -a-}�iglr--}aul�ase- pTa�ee�-] pr.1,oas _prauicl�c�.ic.l�eiaai.n, _19 [• 1 l.. /� ry[ .,�6'!"-''lY3 eH --a( ees ate pay khe e ••-e ic 4ion 1CCL�CSST� 4. Ille Seller agrees to allow the Buyer to continue utilizing the follow- ing described strip of land for access purposes to the Vertimag Systems property at 2545 West County Road C until such time as the replacement legal. means of access is provided by a new finished road to be constructed on the Marabella property at 2525 West County Road C. `.Ibe Snuth 750 feet of the V.hst 30 feet of the SA of the Sq� of Section 5, 'raniship 29, Range 23, Ramsey County, Minnesota; subject to existing County Road C. (Continued) -1-