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7onesS 550220.1 <br /> • <br /> ACCEPTANCE <br /> On behalf of the Company, the undersigned Chief Manager, hereby accepts the above <br /> Contribution Agreement of City of Elk River Economic Development Authority to contribute a <br /> 13 month lease of office space for 1493 square feet in Elk River Business Center commencing <br /> March 15, 1998 to the Company in consideration for 1,536 Membership Units in the Company, <br /> which Units are representative of Membership Interest in the Company on the date hereof having <br /> a .7% Voting Interest and a .7% Financial Interest, and is subject to the terms of the Member <br /> Control Agreement. <br /> Dated: April 7, 1998 WATERMARK,LLC <br /> By: •( � <br /> Michael Gill, Its Chief Manager <br /> S <br /> 4111 <br />