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northerly to a point on said southerly right of way line of said Burlington <br />Northern Railroad distant 691.80 feet southeasterly from the west line of <br />the Northeast Quarter of the Southwest Quarter, as measured along the <br />southerly right of way of the Burlington Northern Railroad; thence <br />northwesterly along said southerly right of way line of said Burlington <br />Northern Railroad a distance of 140 feet; thence southwesterly to the <br />point of beginning. <br />PIN 28- 32 -25 -31 -0007 <br />Parcel 3 <br />That part of the Northeast Quarter of the Southwest Quarter of Section 28, <br />Township 32, Range 25, Anoka County, Minnesota, described as follows: <br />Beginning at the point of intersection of the west line of said Northeast <br />Quarter of the Southwest Quarter with the southerly right of way line of <br />the Burlington Northern Railroad; thence southerly along said west line <br />of said Northeast Quarter of the Southwest Quarter to its intersection <br />with the northerly right of way line of U.S. Trunk Highway No. 10; <br />thence southeasterly along said northerly right of way line of said U.S. <br />Trunk Highway No. 10 a distance of 300.00 feet; thence northerly to a <br />point on said southerly right of way line of said Burlington Northern <br />Railroad distant 366.80 feet southeasterly from the point of beginning; <br />thence northwesterly along said southerly right of way line of said <br />Burlington Northern Railroad to the point of beginning. <br />PIN 28- 32 -25 -31 -0003 <br />7551 Highway 10 NW, Ramsey, MN 55303 <br />Parcels 1 and 2 are hereinafter referred to as the "Premises" and specifically, Parcel 3 is <br />not subject to this Lease and is referenced herein only for purposes of paragraph 8.c of <br />the Lease.. <br />2. Terms Parcel 1— 5 years beginning on the Commencement Date (the "Term "). <br />Parcel 2 — 3 years beginning on the Commencement Date (the "Term "). <br />Scheduled Commencement Date November 1, 2010 (the "Commencement <br />Date "). <br />4. Options -Parcel 1— consecutive 2 year options. <br />Parcel 2 — consecutive 1 year options with agreement by both Landlord <br />and Tenant. <br />Rental Rate $2,640.00 per month for both Parcels 1 and 2. <br />$1,620.00 per month if only Parcel 1 is rented. <br />2 <br />