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89-- 101776 <br />AGREEMENT TO SUBDIVIDE PROPERTY <br />THIS AGREEMENT made as of the 1-7-th day of February,, <br />1989, by and among Blount Agri/Industrial Corp. ( "BAIC"), a Delaware <br />corporation and the suecesAdr,, in interest by merger to 1Modersr; -t arm <br />Sy <br />stems,• I.nc. ( "MFS"); Pawd&-,_`,')%iver Enterprises, Inc. ( "IzRE "}, ' a�q, gon <br />corporation and the success .fh: int erect by merger and mine a to <br />Commercial Welding Compahg.(!':CS±Ir!''j; Hutchinson Wil -itIeh Manufaetur- <br />Mit.,Company oration.,. and Ken Harter and Jesse <br />,lets: �atofuals ( "Harter" e d ;.Anti <br />WITNE'3SETH: <br />WHEREAS, BAIC is the Lessee, as Assignee of CWCo under <br />Assignment of Lease dated Sep gmbe 30, 1976, filed Oetober•21, 1976, in <br />the Hall County Register of; Db6&'Cdiee as Document No. 76- 006082 (the <br />"Assignment "), under that eeAli.; 2.U�e and Agreement between County of <br />Hall, Nebraska anal . Commall.ia) Welding Co. dated as of the 1st day of <br />November, 1972 (the "County, Lease "), of that certain real property describ- <br />ed as Lot 4 in Connell Industrial Park Subdivision, consisting of approxi- <br />mately 21 acres, and being part of the East halt of the Southwest Quarter <br />and part of the West half of the Southeast Quarter of Section 11, Township <br />11 North, Range 9, West of the 6th P.M., in Hall County, Nebraska <br />(alternately, "Lot 4" or the "Property "); <br />WEJ1 REAS, the County 'lease provides that BAIC, as Lessee <br />thereunder, has an' option: to purchase Lot 4 upon certain terms and <br />conditions for the sum of SIOI;.00; <br />WHEREAS, the Assignment provides that, in the eve-%4. BAIC <br />exercises the said option to purchase said Lc: 4, BAIC will thereafter <br />convey a 4.01 acre portion thereof (the "Front Parcel ",j ts.PRE subject to a <br />S3 foot wide easement for ingress ar...d egress to the Back. Lvarcel (as said <br />Sack Parcel is defined belo4 and to tl,e remainder of the C*nnell rt'dustrial <br />Park Sub641slon (the "AccuTa Stcip'); <br />-1- <br />J <br />1 <br />