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0 <br />OPTION TO PURCHASE AGREEMENT (Continued) <br />The proposed new road which will provide the replacement means <br />of access to the Verti.mag property at 2545 west County Road C <br />is to be located on the Southerly 750± feet of the present <br />Marabella ownership which is legally described as follows: <br />The South 750 feet of the East two acres of the West 11 acres <br />of the SA of the SA of Section 5, Township 29, Range 23, <br />Ramsey County, Minnesota. <br />5. The Seller has the right to have the subject property offered for sale <br />during the second year this option to purchase agreement is in effect. <br />In the event an offer to purchase the property is made by a third party, <br />and s,--ch purchase offer is acceptable to the seller, the Buyer shall have' <br />30 days to exercise this option to purchase after receiving written notice <br />from the Seller.Olf the Buyer does not exercise this option to purchase, <br />the Seller has the right to sell the property to the third party and, at <br />that time, this agreement shall be null, and void. <br />Wo, the undersigned, do hereby approve the above Agreement. <br />DATCI) : w �� .�t.J� /; / ) ,/1 f/ <br />Paul klodG (Seller <br />--, <br />- — Ver g SAS orporation Buyer <br />Ibis documm- t was prepared by <br />'Roder M. Wirer as bent of <br />Mt:jske C mpany , Inc. <br />Dated: <br />"—er M. i firer <br />Muske Cctrr uiy, Inc. <br />The buyer, Vertimag Systems Corporation, shall have the righ <br />the property at the same price as the purchase offer made by <br />party or at the agreed upon option to purchase price as <br />whichever is less. <br />t <br />to purchase <br />the third <br />provided herein, <br />-2- <br />