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JonesS 550220.1 <br /> • EXHIBIT A <br /> CONTRIBUTION AGREEMENT <br /> THE UNDERSIGNED, CITY ELK RIVER ECONOMIC DEVELOPMENT <br /> AUTHORITY, having a business address in the state of Minnesota, hereby agrees to contribute <br /> a 13 month lease of office apace for 1493 square feet in Elk River Business Center commencing <br /> March 15, 1998, to Watermark, LLC (the "Company") at the time this Agreement is executed in <br /> consideration for 1,536 Membership Units in the Company, which Units are representative of a <br /> Membership Interest on the date hereof having a .7% Voting Interest, and a .7% Financial <br /> Interest, (as those terms are defined in the Member Control Agreement dated February 23, 1998, <br /> by the Members of the Company), and which Voting Interest and Financial Interest are subject to <br /> adjustment from time to time in accordance with the terms of the Member Control Agreement <br /> and the total number of Membership Units from time to time outstanding. <br /> The undersigned represents that the Membership Interest covered by this Contribution <br /> Agreement is being purchased by the undersigned for its own account for investment and not <br /> with the view to, or for resale in connection with, any distribution thereof. The undersigned <br /> understands that(1)the Membership Interest covered by this Contribution Agreement will not be <br /> registered under the applicable state or federal securities laws by reason of specific exemptions <br /> under the provisions of such laws which depend, in part, upon the undersigned's investment <br /> intent, and (2) the Company understands that the investment intent set forth above means that <br /> the undersigned does not intend to dispose of all or any part of the Membership Interest acquired <br /> pursuant to this Contribution Agreement. The undersigned makes these representations in order <br /> • that the Company may rely upon them. <br /> The undersigned also agrees that a statement setting forth the foregoing may be placed in <br /> the required records of the Company. <br /> CITY OF ELK RIVER'6 NOM1C EVELOPMENT AUTHORITY <br /> Dated: April 7, 1998 By <br /> G� <br /> Its # — <br /> • <br />