Document:

<PAGE>

                                                                   EXHIBIT 10.46

Tim Thurn
---------

                                                           Meeting March 7, 1996

                               Contract Addendum

April 1st         $100k base salary - 1 Yr No Cut Contract
                        except for well documented material cause

Feb 9th           50,000/8 yrs at $5.25 stock price or better.
                  If terminated by LM after change of control, change of
                  CEO or without well documented material cause (equivalent
                  to fraud), all outstanding options granted shall vest
                  immediately and Tim shall have 1 year from the
                  termination date in which to exercise.
            This accelerated vesting does not apply if employee
            resigns voluntarily.

                                       /s/ Mel Masters
                                       CEO

Feb 9th, 1996<PAGE>

                                                                   EXHIBIT 10.47

STATE OF MINNESOTA                                     DISTRICT COURT

COUNTY OF HENNEPIN                                     FOURTH JUDICIAL DISTRICT

-----------------------------------------------        FAMILY COURT DIVISION

In re the Marriage of:                                 DISSOLUTION WITH CHILDREN

Nancy Lynn Sawyer,

                             Petitioner,               File No. DC 201012

                  and                                  FINDINGS OF FACT,
                                                       CONCLUSIONS OF LAW,
Melvin Leroy Masters,                                  ORDER FOR JUDGMENT, AND
                                                       JUDGMENT AND DECREE
                             Respondent.

-----------------------------------------------

     The above-entitled matter came on for a default hearing before the
undersigned Judge of District Court of the Family Court Division at the Hennepin
County Government Center in the County of Hennepin, State of Minnesota.

     The court, having been duly advised in the premises, and upon all the
files, records, and proceedings herein, finds as facts the following:

     The parties by and through their counsel entered into a written Marital
Termination Agreement dated December 29, 1994, disposing of all the issues
presently before the court.

     NOW, THEREFORE, based upon said Marital Termination Agreement, upon all the
files and records herein, and being duly advised in the premises, the court now
makes the following Findings of Fact, Conclusions of Law, Order for Judgment,
and Judgment and Decree:
<PAGE>

                                FINDINGS OF FACT

                                       I.

     The true and correct names, addresses and social security numbers of the
parties are as follows:

                  Nancy Lynn Sawyer
                  13336 Cardinal Creek Road
                  Eden Prairie, Minnesota  55346
                  Social Security No. ###-##-####

                  Melvin Leroy Masters, f/k/a Melvin Leroy Newsom
                  C-23 West Cove Eastman
                  Grantham, New Hampshire 03753
                  Social Security No. ###-##-####

                                      II.

     Petitioner was born on July 19, 1955, and is 39 years of age. Respondent
was born on March 24, 1954, and is 40 years of age.

                                      III.

     Petitioner and respondent were married on May 25, 1986, in Bethesda,
Maryland, and ever since said date have been and now are husband and wife.

                                      IV.

     For more than 180 days immediately preceding the commencement of this
proceeding and the filing of the Petition herein, petitioner has been and now is
a resident of Hennepin County, Minnesota.

                                       V.

     The service of the Summons and Petition in this action was personally made
upon respondent as appears in the affidavit attached to the original Summons and
Petition. An Answer was not interposed on the part of respondent.

                                       2.
<PAGE>

                                      VI.

     Neither party was at the time of service of the Summons and Petition, nor
is now, in the military service of the United States.

                                      VII.

     There has been born as issue of said marriage the following minor children:

          Maxwell Douglas Masters, born July 19, 1988, age 6; and
          Matthew Lee Masters, born June 2, 1991, age 3.

     Petitioner is a fit and proper party to have the care, custody, and control
of said minor children. The best interest and welfare of the minor children of
the parties will be served by granting joint legal custody to petitioner and
respondent with primary physical custody to petitioner, subject to reasonable
and liberal visitation by respondent.

                                     VIII.

     A separate proceeding for dissolution of marriage has not been previously
commenced by either party, nor is such a proceeding pending in any court in
Minnesota or elsewhere.

                                      IX.

     The Petition has been filed in good faith and for the purposes set forth
therein.

                                       X.

     Petitioner is not pregnant.

                                      XI.

     There has been an irretrievable breakdown of the marriage relationship of
the parties pursuant to Minn. Stat. ss. 518.06.

                                      XII.

     The parties have fairly disclosed their income, assets, and liabilities to
each other.

                                       3.
<PAGE>

                                     XIII.

     Petitioner is employed by LaserMaster Technologies, Inc., as a business
analyst with approximate net earnings of $5,286.00 per month (S-3) and is in
need of support for herself and the minor children of the parties. Petitioner's
reasonable monthly living expenses are $8,176.50.

                                      XIV.

     Respondent is employed by LaserMaster Technologies, Inc. as Chief Executive
Officer with approximate net earnings of $13,496 (S-1) per month and is capable
of contributing to the support of petitioner and the minor children of the
parties. Respondent's reasonable monthly living expenses are $6,000.00.

                                      XV.

     The parties are owners in joint tenancy of petitioner's homestead, located
at 13336 Cardinal Creek Road, Eden Prairie, Minnesota and legally described as
follows:

          Lot 3, Block 3, Cardinal Creek Addition

                                      XVI.

     The parties are owners of other real estate as follows:

          A. Residence at Grantham, Sullivan County, New Hampshire, legally
     described as follows:

          Condominium in West Cove C-23 Eastman, Grantham, New Hampshire.

          B. 6425 Beach Road, Eden Prairie, Hennepin County, Minnesota, legally
     described as follows:

          Commencing at the most easterly corner of said Lot 1; thence on an
          assumed bearing of North 47 degrees 59 minutes 07 seconds West along
          the northeasterly line of said Lot 1, a distance of 381.16 feet to the
          point of beginning of the line to be described; thence South 00
          degrees 55 minutes 00 seconds East a distance of 458.53 feet; thence
          North 86 degrees 55

                                       4.
<PAGE>

          minutes 00 seconds West a distance of 225.27 feet to the westerly line
          of said Lot 1 and there terminating.

          C. Beach Road Acreage, Eden Prairie, Hennepin County, Minnesota,
     legally described as follows:

          The South 500 feet measured along the East line of that part of the
          Northeast 1/4 of the Northeast 1/4 of Section 3, Township 116 North,
          Range 22 West of the 5th Principal Meridian, lying Easterly of the
          Easterly line of the U.S. Interstate Highway 494, Hennepin County,
          Minnesota.

          D. Montana Purchase Contract for land in Park County, Montana, legally
     described as follows:

          T3N, R11E PMM Park County, Montana Section 9, 640 acres more or less.

                                     XVII.

     NOTICE OF TAX EFFECT ON SALE OF PRINCIPAL RESIDENCE PURSUANT TO MINN.
STAT. ss. 518.583.

     It is made an express finding and order of this court that the parties are
notified that income tax laws regarding the capital gains tax may apply to the
sale of a principal residence. This includes, but is not limited to, the
exclusion available on the sale of a principal residence of those over a certain
age under Section 121 of the Internal Revenue Code of 1986, or other applicable
law. Unless otherwise specifically stated, the party who receives the principal
residence is entitled to have the first choice in exercising this offset. The
parties may wish to consult with an attorney concerning the applicable laws.

                                     XVIII.

     The parties are owners of certain items of household furniture, equipment,
kitchen utensils, linens, and other household items.

                                       5.
<PAGE>

                                      XIX.

     The parties are owners of a 1994 Saab Turbo 9000 automobile presently in
the possession of petitioner.

                                      XX.

     The parties are owners of cash, savings and checking accounts, stocks,
bonds, and cash value life insurance.

                                      XXI.

     The parties have an interest in a certain retirement plans.

                                     XXII.

     The parties are owners of stock and stock options in LaserMaster
Technologies, Inc..

                                     XXIII.

     Respondent has available to him certain medical, hospitalization, life, and
accident insurance for the benefit of himself, petitioner, and their minor
children.

                                     XXIV.

     The parties have satisfied all bills and obligations of the parties
incurred during the marriage not otherwise specified herein, which constitute a
joint obligation of the parties.

                                      XXV.

     On December 29, 1994, petitioner and respondent entered into a written
Marital Termination Agreement for settlement of their respective rights and
obligations subject to the consent and approval of this court. The agreement was
received in evidence, is on file herein, and is hereby in all things approved.

                                       6.
<PAGE>

                               CONCLUSIONS OF LAW

1.   The bonds of matrimony heretofore existing between petitioner and
     respondent are hereby dissolved.

2.   MILITARY SERVICE. Neither party was, at the time of service of the Summons
     and Petition, nor is now, in the military service of the United States.

3.   UNIFORM CHILD CUSTODY JURISDICTION. Minnesota is the proper jurisdiction
     within the contemplation of the Uniform Child Custody Jurisdiction Act to
     enter an order regarding the custody, care, and control of the minor
     children.

4.   CHILD CUSTODY. The parties are granted joint legal custody of their minor
     children, namely:

          Maxwell Douglas Masters, born on July 19,1988, currently age 6; and
          Matthew Lee Masters, born on June 2, 1991, currently age 3.

     Each of the parties is ordered to continue to cooperate with the other in
     making major parenting decisions relating to education, medical treatment
     and religious training. It is ordered that petitioner continue to make the
     day to day parenting decisions for the children. It is ordered that each of
     the parties continue to have equal access to all school records, medical
     records and all other important records regarding the children.

     The petitioner is granted primary physical custody of the minor children of
     the parties, subject to reasonable and liberal visitation on the part of
     the respondent, as agreed to between the parties.

     In the event the parties disagree on any joint legal custody or visitation
     issue they are ordered to seek assistance from a qualified child or
     adolescent psychologist to help them reach a resolution that is in the
     children's best interest.

5.   RESOLUTION OF CONFLICT. Any claim or controversy arising under this
     agreement involving joint legal custody or visitation, which cannot be
     resolved by the parties through direct communication without mediation,
     shall be promptly submitted to mediation.

     (a)  Definition of Mediation. Mediation is a voluntary process entered into
          by the parties. In this process, the parties continue direct
          communication with each other, but with the assistance of a neutral
          person who is the mediator, which mediator has no authority to require
          any concession or agreements. A good faith effort shall be made to
          resolve any claim or controversy arising between the parties.

                                       7.
<PAGE>

     (b)  Selection of Mediator. The mediator is ordered to be named by mutual
          agreement of the parties or by obtaining a list of five qualified
          persons and by alternately striking names.

     (c)  Duties and Responsibilities of Mediator. The mediator shall have the
          duty and responsibility to assist the parties in resolving all issues
          submitted for mediation.

     (d)  Duty to Cooperate and Complete. Both parties are ordered to cooperate
          and operate in good faith to resolve the matter(s) in dispute with the
          assistance of the mediator.

     (e)  Payment of Costs. Both parties are ordered to share the mediator's
          fees and disbursements equally unless they mutually agree otherwise.
          The mediator shall provide the parties with his/her fee and
          disbursement schedule in advance of mediation.

     (f)  Confidentiality and Privilege. Within the limits of the law, the
          mediator will accord confidentiality and privilege to all
          communications with the parties.

     (g)  Exclusion as Witness. The mediator shall not participate as a witness,
          collateral contact, or attorney in a custody or visitation study or
          inquiry involving either party. Further, neither party may ever call
          the mediator as a witness to testify in any proceeding involving their
          children or the subject matter of the mediation.

     (h)  Compromise or Offers to Compromise During Mediation or Arbitration.
          State statute shall be applicable throughout the entire process of
          mediation.

     (i)  Applicability of Dispute Settlement Procedures. The above procedure(s)
          shall apply to any claims or controversies regarding visitation.

     (j)  Exhaustion of Remedies. The above procedure must be followed before
          either party may apply to the court for relief.

6.   CHILD SUPPORT.

     A.   As and for child support, the respondent is ordered to pay to the
          petitioner the sum of $6,000.00 per month, payable in full on or
          before the first day of each month, commencing January 1,1995. Child
          support is ordered to continue in the full amount until the youngest
          child attains the age of 22 or dies or becomes emancipated, or the
          year 2015, whichever occurs first.

                                       8.
<PAGE>

     B.   As additional child support, the respondent is ordered to pay for the
          minor children's schooling at the International School, or other
          private school of the petitioner's choice, through grade 12.

     C.   As additional child support, the respondent is ordered to provide the
          petitioner and the children with the use of a new automobile every
          four years, commencing in 1994, and continuing until the youngest
          child attains the age of 22, dies or becomes emancipated, or the year
          2015, whichever occurs first. The vehicle must be of a make and model
          of petitioner's choosing, similar to that provided to her by the
          respondent during the marriage. The respondent may retain ownership of
          each such automobile and is ordered to provide and pay for automobile
          insurance for said vehicle. The petitioner is ordered to provide and
          pay for vehicle maintenance and repair.

     D.   Child support is neither includable in the petitioner's income nor
          deductible by the respondent.

     E.   Upon the entry of the Judgment and Decree respondent is ordered to
          immediately pay to petitioner the sum of $38,858.00, a sum equal to
          three months of cash child support as well as a sum equal to three
          months of petitioner's net income from her employment at LaserMaster
          Technologies, Inc. Respondent is ordered to timely meet his support
          obligations as set forth herein on a monthly basis, commencing with
          the support payments due January 1, 1995 and continuing every month
          thereafter until three months prior to the termination of his support
          obligations as set forth herein. It is ordered that respondent not
          take any steps that would delay payment to petitioner of her earned
          income.

     F.   As security for his support obligations, respondent is ordered to
          immediately cause 139,224 shares of the LaserMaster Technologies, Inc.
          stock awarded to him herein, or such other negotiable financial
          instrument as may be substituted by the respondent from time to time
          and is sufficient to guarantee the full payment of all monthly
          obligations herein, to be held by Schweitzer, Rubin & Bremer, by Jerry
          Bremer or, if he is not available, such other person as the court may
          appoint. If respondent is more than 30 days late in paying his child
          support obligation, or petitioner has failed to receive her salary or
          spousal maintenance payments for a period of 30 days and upon 5 days
          written notice to respondent, Mr. Bremer or his successor shall cause
          sufficient stock to be liquidated to pay the monies then due
          petitioner. All reasonable fees and costs related to Mr. Bremer or his
          successor are ordered to be paid by respondent.

7.   SPOUSAL MAINTENANCE.

     A.   The respondent is forever barred from receiving spousal maintenance
          from petitioner. The Court is divested of jurisdiction on the issue of
          spousal maintenance to respondent.

                                       9.
<PAGE>

     B.   The issue of respondent's obligation to pay spousal maintenance to
          petitioner is reserved until January 1, 2015 and may only be
          considered by the Court in the event that petitioner's position as a
          business analyst at LaserMaster Technologies, Inc. terminates for any
          reason and is not then replaced by respondent with a comparable
          position in another company. Under that circumstance, and commencing
          on the first of the month after her employment terminates, respondent
          is ordered to pay to petitioner, as spousal maintenance, a sum equal
          to her current gross yearly salary. For purposes of this paragraph, a
          comparable position shall mean an executive level position having
          substantially the same degree of authority, responsibility, benefits
          and status. Spousal maintenance is ordered to terminate on
          petitioner's death, but not her remarriage, or on January 1, 2015
          whichever comes first.

     C.   Except as set forth herein, petitioner is forever barred from
          receiving any spousal maintenance from respondent, and this Court is
          divested from having any jurisdiction to award temporary or permanent
          spousal maintenance to petitioner beyond the terms of this agreement.

     D.   The above spousal maintenance is fair and equitable. The consideration
          supporting the "Karon" waiver of permanent spousal maintenance and
          either party's ability to modify the amount or extend the duration of
          spousal maintenance is the amount and duration of the spousal
          maintenance awarded herein and the substantial property settlement
          awarded to petitioner herein.

     E.   It is ordered that the obligation incurred by respondent by this
          agreement to pay petitioner periodic payments of support not be
          dischargeable in any bankruptcy proceedings. Any judgment that may
          result from failure to pay said support shall likewise shall not be
          dischargeable in any bankruptcy proceeding.

8.   WAIVER OF CHILD SUPPORT AND INCOME WITHHOLDING. Pursuant to Minnesota
     Statutes, Section 518.613, subd. 7, as amended, the requirement of
     automatic child support and/or spousal maintenance income withholding is
     hereby waived until required or requested in accordance with said statutory
     provision.

9.   POST SECONDARY EDUCATION. The respondent is ordered to provide for the
     payment of the full expenses of the children's post secondary education,
     including, but not limited to, room, board, tuition, books and reasonable
     allowance and transportation expenses to and from school to the children's
     primary place of residence. It is ordered that this obligation be for four
     years of post-secondary education for each of the children at a school or
     schools mutually agreed upon by the parties and the affected child. A
     parent's consent to the school of the child's choice shall not be
     unreasonably withheld. The respondent has established a fund to cover these
     expenses. The petitioner is granted the right to

                                      10.
<PAGE>

     request and receive from the respondent periodic reports as to the balances
     and locations of said fund and amounts expended therefrom.

10.  MEDICAL INSURANCE. The respondent is ordered to maintain hospitalization,
     medical and dental insurance naming each of the minor children as
     beneficiaries thereon at least until he no longer has a support obligation
     toward that child. The cost of providing said insurance for the children
     and hospitalization, medical and dental expenses for the children not
     covered by insurance is ordered to be paid by the respondent. The
     respondent is ordered to supply the petitioner with hospitalization,
     medical and dental insurance identification cards for the children
     immediately upon entry of the Judgment and Decree. Health costs for the
     children means medical and dental expenses, but are not limited to,
     necessary orthodontic and eye care, including prescription lenses.

     The respondent is ordered to continue to carry hospitalization, medical and
     dental insurance for the petitioner through his employment or otherwise
     until the last child of the parties attains the age of 22, dies or is
     emancipated, whichever occurs soonest. The respondent is ordered to pay the
     cost of any such continued insurance coverage for the petitioner but not as
     spousal maintenance. In the event of pending termination of continuation
     coverage for the petitioner under the respondent's hospitalization, medical
     or dental insurance through his employment, the respondent is ordered to
     provide all necessary forms to the petitioner to enable her to apply for a
     conversion health insurance policy maintaining her hospitalization, medical
     or dental protection without giving evidence of insurability. The
     conversion of the plan within the period of time required by law and the
     insurance carrier is to be the petitioner's responsibility. Any cost of
     continued coverage attributable to the petitioner under any separate
     conversion policy is ordered to be paid by the respondent for the period
     outlined above.

11.  LIFE INSURANCE TO SECURE SUPPORT OBLIGATIONS. To secure his support
     obligation, the respondent is ordered to keep in full force and effect life
     insurance on his life in a minimum amount of $1,000,000 allocable to
     Matthew and Maxwell Masters continuing to name Master's Trust I as owner
     and beneficiary of the insurance maintained through his employment. If such
     insurance on the respondent's life is no longer available through
     LaserMaster Technologies, Inc., the respondent is ordered to provide
     reimbursement to Master's Trust I, at his expense, of the cost of
     maintaining a minimum of $1,000,000 of life insurance death benefits on his
     life naming the above trust as owner and beneficiary of the death benefits
     with said $1,000,000 allocable to Matthew and Maxwell. The petitioner may
     keep in full force and effect life insurance on the respondent's life with
     death benefits of a minimum of $1,000,000, naming the petitioner as owner
     and beneficiary. If insurance on the respondent's life owned by the
     petitioner is no longer available through LaserMaster Technologies, Inc.,
     at no cost, the respondent is ordered to reimburse

                                      11.
<PAGE>

     the petitioner for the cost of paying the premiums on a minimum of
     $1,000,000 of life insurance death benefits on his life. Said payments will
     not be considered spousal maintenance.

12.  HOMESTEAD PROPERTY.

     A.   The petitioner is awarded all the respondent's right, title, interest,
          and equity in and to her homestead, situated at 13336 Cardinal Creek
          Road, Eden Prairie, Hennepin County, Minnesota, and legally described
          as follows, to-wit:

               Lot 3, Block 3, Cardinal Creek Addition

          free and clear of current encumbrances, if any, which the respondent
          is ordered to assume, pay and hold the petitioner harmless thereon.

     B.   The respondent is ordered to assume, pay for and hold the petitioner
          harmless from any liability for the following current repair and
          maintenance requirements for the homestead:

          (i)  replacing all the windows and window hardware so there is good
               visibility through the windows and the windows open and close
               easily

          (ii) fixing leaks in the roof

          (iii) repainting the house

          (iv) installing an alarm system

     C.   Within ten (10) days following the entry of the Judgment and Decree,
          the respondent is ordered to execute and deliver to the petitioner a
          Quitclaim Deed to said property. In any event, the filing of a
          certified copy of the Judgment and Decree of Dissolution herein with
          the County Recorder of Registrar of Titles, as appropriate, for
          Hennepin County is ordered to operate to accomplish such conveyance.

     D.   NOTICE IS HEREBY GIVEN THAT INCOME TAX LAWS REGARDING THE CAPITAL GAIN
          TAX MAY APPLY TO THE SALE OF THE RESIDENCE AND THE PARTIES MAY WISH TO
          CONSULT WITH AN ATTORNEY OR OTHER TAX PROFESSIONAL CONCERNING THE
          APPLICABLE LAWS.

13.  HUSBAND'S PRIMARY RESIDENCE. The respondent is awarded all the petitioner's
     right, title, interest and equity in and to the property, which is his
     primary residence, situated in Grantham, Sullivan County, New Hampshire,
     and legally described as follows:

                                      12.
<PAGE>

          Condominium in West Cove C-23 Eastman, Grantham, New Hampshire,

     and subject to any and all encumbrances thereon, which the respondent is
     ordered to assume, pay and hold the petitioner harmless from any liability
     therefor. Within ten days following the entry of the Judgment and Decree of
     Dissolution, the petitioner is ordered to execute and deliver to the
     respondent a Quitclaim Deed to said property which deed the respondent's
     counsel will prepare. In any event the filing of a certified copy of the
     Judgment and Decree of Dissolution herein with the Registry of Deed for
     Sullivan County, New Hampshire, is ordered to operate to accomplish such
     conveyance.

14.  6425 BEACH ROAD PROPERTY. The respondent is awarded all the petitioner's
     right, title, interest and equity in and to the property, situated 6425
     Beach Road, Eden Prairie, Hennepin County, Minnesota and legally described
     as follows:

          That part of Lot 1, Block 1, Bryant Lake View Estates, Hennepin
          County, Minnesota according to the recorded plat thereof, lying
          westerly and northerly of the following described line:

               Commencing at the most easterly corner of said Lot 1; thence on
               an assumed bearing of North 47 degrees 59 minutes 07 seconds West
               along the northeasterly line of said Lot 1, a distance of 381.16
               feet to the point of beginning of the line to be described;
               thence South 00 degrees 55 minutes 00 seconds East a distance of
               458.53 feet; thence North 86 degrees 55 minutes 00 seconds West a
               distance of 225.27 feet to the westerly line of said Lot 1 and
               there terminating.

          Containing 175,635 sq. ft. or 4.03 acres, more or less,

     and subject to any and all encumbrances thereon, which the respondent is
     ordered to assume, pay and hold the petitioner harmless from any liability
     therefor. Within ten days following the entry of the Judgment and Decree of
     Dissolution, the petitioner is to execute and deliver to the respondent a
     Quitclaim Deed to said property which deed the respondent's counsel will
     prepare. In any event the filing of a certified copy of the Judgment and
     Decree of Dissolution with the County Recorder or Registrar of Titles, as
     appropriate, for Hennepin County, Minnesota, is ordered to operate to
     accomplish such conveyance.

15.  BEACH ROAD ACREAGE. The respondent is awarded all the petitioner's right,
     title, interest and equity in and to the property, designated as the North
     5.15 Acres Beach Road property, situated in Eden Prairie, Hennepin County,
     Minnesota and legally described as follows:

                                      13.
<PAGE>

          The South 500 feet measured along the East line of that part of the
          Northeast 1/4 of the Northeast 1/4 of Section 3, Township 116 North,
          Range 22 West of the 5th Principal Meridian, lying Easterly of the
          Easterly line of the U.S. Interstate Highway 494, Hennepin County,
          Minnesota,

     and subject to any and all encumbrances thereon, which the respondent is
     ordered to assume, pay and hold the petitioner harmless from any liability
     therefor. Within ten days following the entry of the Decree of Dissolution
     herein, the petitioner is ordered to execute and deliver to the respondent
     a Quitclaim Deed to said property which deed the respondent's counsel will
     prepare. In any event the filing of a certified copy of the Judgment and
     Decree of Dissolution herein with the County Recorder or Registrar of
     Titles, as appropriate, for Hennepin County, Minnesota, is ordered to
     operate to accomplish such conveyance.

16.  MONTANA PURCHASE CONTRACT. The respondent is awarded all the petitioner's
     right, title, interest and equity in and to certain land in Park County,
     Montana legally described as follows:

          T3N, R11E PMM Park County, Montana Section 9, 640 acres more or less,

     and subject to any and all encumbrances and obligations thereunder, which
     the respondent is ordered to assume, pay and hold the petitioner harmless
     from any liability therefor.

     That within 10 days following the entry of the Judgment and Decree of
     Dissolution, the petitioner is ordered to execute and deliver to the
     respondent a Quitclaim Deed to said property and/or an assignment of the
     purchase agreement which deed or assignment the respondent's counsel will
     prepare. In any event the filing of a certified copy of the Judgment and
     Decree of Dissolution with the County Recorder or Registrar of Titles, as
     appropriate, for Park County, Montana, is ordered to operate to accomplish
     such conveyance.

17.  ERROR IN LEGAL DESCRIPTION. In the event there is any technical error or
     omission made in describing the legal title or description to any of the
     real property referenced herein, the parties are ordered to make, execute,
     and deliver to each other any and all documents necessary to correct any
     such error or omission.

18.  PERSONAL PROPERTY.

     A.   Each party is awarded all right, title and interest in and to all
          personal effects, jewelry, household goods and furnishings currently
          in his/her possession at the time of the entry of the Judgment and
          Decree.

                                      14.
<PAGE>

     B.   The respondent is awarded all right, title and interest in and to any
          and all savings and checking accounts in his name.

     C.   The petitioner is awarded all right, title and interest in and to any
          and all savings and checking accounts in her name.

19.  AUTOMOBILES. The petitioner is awarded the entire right, title, interest
     and equity, free and clear of any claim on the part of respondent, in and
     to the 1994 Saab Turbo 9000 automobile and she shall assume and pay any
     encumbrance thereon. Upon entry of the Judgment and Decree or sooner if he
     desires, Respondent is ordered to execute all necessary documents to effect
     transfer of title.

20.  STOCKS, BONDS AND INVESTMENT ACCOUNTS.

     A.   Petitioner is awarded all of the parties' right, title, interest, and
          equity in the following investment accounts:

          1.   Dean Whitter Mutual Funds and Investments

          2.   120,775 shares of common stock of LaserMaster Technologies, Inc.,
               in her name.

          3.   Norwest Mutual Funds

     B.   Respondent shall have all of the parties' right, title, interest, and
          equity in the following:

          1.   1,778,644 shares of common stock of LaserMaster Technologies,
               Inc.

          2.   500 shares of TimeMasters, Inc.

21.  RETIREMENT PLANS.

     A.   Petitioner is awarded the entire right, title, interest, and equity,
          free and clear of any claim on the part of respondent in and to the
          401K account in her name.

     B.   Respondent is awarded the entire right, title, interest, and equity,
          free and clear of any claim on the part of petitioner, in and to the
          retirement accounts in his name.

22.  HEALTH CLUB MEMBERSHIP. Respondent is ordered to provide a full membership
     for petitioner and the children at Flagship Athletic Club, or an

                                      15.
<PAGE>

     equivalent club, for so long as he has a child support obligation as set
     forth herein. Petitioner is ordered to be responsible for membership
     charges for restaurant, boutique and guest fees.

23.  STOCK OPTIONS. Respondent is ordered to pay to LaserMaster Technologies,
     Inc. (LMTS), for exercise costs of $2.25 per share, upon petitioner's
     written notification to LMTS and respondent of her wish to exercise all or
     part of her 39,751 options in LMTS. Petitioner will be responsible for all
     capital gains taxes related to exercise and sale of said options.

24.  PROPERTY SETTLEMENT. As and for a property settlement, and not as spousal
     maintenance, the respondent is ordered to timely pay the costs of tuition,
     books, and any other direct school expenses required for the petitioner to
     obtain her MBA degree.

25.  DEBTS. Each of the parties is ordered to assume, pay and hold the other
     harmless from any liability with respect to other debts incurred by him or
     her since August 1, 1994, and neither is to incur any additional
     indebtedness in the name of the other.

26.  ATTORNEYS' FEES. Upon entry of the Judgment and Decree of Dissolution, the
     respondent is ordered to be responsible for, and shall immediately pay all
     attorneys' fees and costs incurred by either party in connection with these
     proceedings.

27.  TAX MATTERS. The petitioner is granted the right to claim each of the
     children as exemptions on her Federal and State income tax returns as long
     as such exemptions are available. The respondent is ordered to sign and
     deliver to the petitioner, at the latter's request, on or before March 1st
     of each applicable year, the appropriate federal and state forms to permit
     the petitioner to claim the exemptions in that year.

     Both parties are ordered to cooperate in correcting any errors or supplying
     requests for information regarding previous years' tax filings.

28.  DOCUMENTS. Both parties are ordered to execute any and all documents and
     transfers necessary to effectuate the terms of the Decree. In the event
     either party fails to execute the necessary document, a certified copy of
     the Judgment and Decree is ordered to serve to transfer ownership.

29.  RELEASE. Provided that full disclosure has been made, each party is
     released from any and all claims, demands, actions, causes of action, or
     obligations of every and any nature whatsoever, past, present or future,
     growing out of or arising from the marital relationship of the parties,
     except such claims, demands, actions,

                                      16.
<PAGE>

     causes of action or obligations which are provided for herein or may arise
     hereunder.

30.  WITHDRAWAL OF ATTORNEY. Ninety-one days after the entry of the Judgment and
     Decree, Kathleen M. Picotte-Newman is dismissed from representation of the
     petitioner herein. Ninety-one days after the entry of the Judgment and
     Decree, Stuart G. Webb is dismissed from representation of the respondent
     herein.

31.  APPENDIX A. The attached Appendix A is incorporated and made a part of this
     Judgment and Decree. The appendix contains provisions regarding Family
     Court Rule 7.01; Income Withholding, Minn. Stat. ss. 518.611;
     Cost-of-Living Adjustments, Minn. Stat. ss. 518.641; Docketing of
     Judgments, Minn. Stat. ss. 548.091; Address or Residence Change, Minn.
     Stat. ss. 518.55, subd. 3; Medical Support, Minn. Stat. ss. 518.171;
     Parental Rights, Minn. Stat. ss.ss. 518.177 and 609.26; Access to Children
     and Records, Minn. Stat. ss. 518.17, subd. 3. However, wage withholding
     will not apply.

32.  SERVICE OF DECREE. The Judgment and Decree shall be served upon the
     respondent by the attorney for the petitioner delivering or mailing to the
     respondent or his attorney one certified copy of said Decree, and providing
     to the Court an affidavit of service, and such service shall constitute due
     and proper service of any such Decree and proof thereof for all purposes.

33.  TRACKING OF OBLIGOR. Respondent, also referred to as the obligor, is
     ordered to keep the public authority and/or petitioner apprised of his
     current address. It is further ordered that:

     (i)  The obligor keep the public authority informed of changes to obligor's
          social security number and date of birth, name and address of
          obligor's employer or other payers of funds.

     (ii) The obligor keep the public authority informed of obligor's current
          employer or payor of funds and whether obligor has access to
          employment-related health insurance and, if so, the health insurance
          policy information.

     (iii) The obligor keep petitioner informed of obligor's current employer or
          payor of funds and whether obligor has access to employment-related
          health insurance and, if so, the health insurance policy information.

     That the parties are notified that CHILD SUPPORT AND/OR MAINTENANCE WILL BE
     WITHHELD FROM INCOME ONLY AFTER ALL OF THE FOLLOWING CONDITIONS HAVE BEEN
     MET:

                                      17.
<PAGE>

     (a)  Hennepin County Support and Collections Services or the Obligee
          determines that the Obligor is at least 30 days behind in the payment
          of child support and/or spousal maintenance;

     (b)  Hennepin County Support and Collections Services or the Obligee serves
          written notice of its determination that child support and/or spousal
          maintenance payments are 30 days in arrears on the Obligor;

     (c)  Within 15 days after service of the notice, the Obligor either fails
          to pay all past due payments or to move the court, under Minn. Stat.
          Ann. { 518.64, to modify the order respecting the amount of child
          support and/or spousal maintenance and, ex parte, to stay service of
          withholding on the employer until the Motion to modify is heard; and

     (d)  Not sooner than 15 days after service of written notice in Paragraph
          (b) on the Obligor, Hennepin County Support and Collections Services
          or the Obligee serves a copy of its determination of a 30 day
          delinquency and a copy of the court's withholding order on the
          employer, who will then be obligated to withhold payments from income
          and forward the amount withheld to Hennepin County Support and
          Collections.

     That the parties are further notified that NO EMPLOYER MAY DISCHARGE,
     SUSPEND, OR OTHERWISE PENALIZE OR DISCIPLINE AN EMPLOYEE BECAUSE THE
     EMPLOYER MUST WITHHOLD SUPPORT OR MAINTENANCE MONEY, Minnesota Statutes
     Annotated Chapter 518 and Chapter 256.

     That in the event the Obligee performs service on the employer under
     paragraph (d) above, the determination and order shall also be served on
     the public authority together with an application to use Collection
     Services.

                                      18.
<PAGE>

                               ORDER FOR JUDGMENT

     LET JUDGMENT BE ENTERED FORTHWITH.

                                       BY THE COURT:

                                       /s/ Mary L. Davidson
                                       -----------------------------------------
                                       Judge of District Court

Dated: 12/29/94                        I hereby certify that the foregoing
                                       conclusions of law constitute the
                                       judgment and decree.

                                       /s/ Judith Franklin
                                       -----------------------------------------
                                       Deputy

Approved as to form and content:

/s/ Kathleen M. Picotte-Newman
-----------------------------------
Kathleen M. Picotte-Newman

/s/ Stuart G. Webb
-----------------------------------
Stuart G. Webb

                                      19.
<PAGE>

                                   APPENDIX A
--------------------------------------------------------------------------------

1.   PAYMENTS TO PUBLIC AGENCY
     Pursuant to Minnesota Statutes, section 518.551, subdivision 1, payments
     ordered for maintenance and support must be paid to the public agency
     responsible for child support enforcement as long as the person entitled to
     receive the payments is receiving or has applied for public assistance or
     has applied for support and maintenance collection services. MAIL PAYMENTS
     TO: Hennepin County Support and Collections Services, Room A-9, 300 South
     Sixth Street, Minneapolis, MN 55487.

2.   DEPRIVING ANOTHER OF CUSTODIAL OR PARENTAL RIGHTS - A FELONY
     A person may be charged with a felony who conceals a minor child or takes,
     obtains, retains, or fails to return a minor child from or to the child's
     parent (or person with custodial or visitation rights), pursuant to
     Minnesota Statutes, section 609.26. A copy of that section is available
     from any district court administrator.

3.   RULES OF SUPPORT, MAINTENANCE, VISITATION
(a)  Payment of support or spousal maintenance is to be as ordered, and the
     giving of gifts or making purchases of food, clothing, and the like will
     not fulfill the obligation.
(b)  Payment of support must be made as it becomes due, and the failure to
     secure or denial of rights of visitation is NOT an excuse for nonpayment,
     but the aggrieved party must seek relief through a proper motion filed with
     the court.
(c)  Nonpayment of support is not grounds to deny visitation. The party entitled
     to receive support may apply for support and collections services, file a
     contempt motion, or obtain a judgment as provided in Minnesota Statutes,
     section 548.091
(d)  The payment of support or spousal maintenance takes priority over payment
     of debts and other obligations.
(e)  A party who accepts additional obligations of support does so with the full
     knowledge of the party's prior obligation under this proceeding.
(f)  Child support or maintenance is based on annual income, and it is the
     responsibility of a person with seasonal employment to budget income so
     that payments are made throughout the year as ordered.
(g)  If there is a layoff or pay reduction, support may be reduced as of the
     time of the layoff or pay reduction if a motion to reduce the support is
     served and filed with the court at the time, but any such reduction must be
     ordered by the court. The court is not permitted to reduce support
     retroactively, except as provided in Minnesota Statutes, section 518.64,
     subdivision 2, paragraph (c).

4.   PARENTAL RIGHTS FROM MINNESOTA STATUTES, SECTION 518.17, SUBDIVISION 8
     Unless otherwise provided by the court:
(a)  Each party has the right of access to, and to receive copies of, school,
     medical, dental, religious training, and other important records and
     information about the minor children. Each party has the right of access to
     information regarding health or dental insurance available to the minor
     child. Presentation of a copy of this order to the custodian of a record or
     other information about the minor children constitutes sufficient
     authorization for the release of the record or information to the
     requesting party.
(b)  Each party shall keep the other informed as to the name and address of the
     school of attendance of the minor children. Each party has the right to be
     informed by school officials about the children's welfare, educational
     progress and status, and to attend school and parent teacher conferences.
     The school is not required to hold a separate conference for each party.
(c)  In case of an accident or serious illness of a minor child, each party
     shall notify the other party of the accident or illness, and the name of
     the health care provider and the place of treatment.
(d)  Each party has the right of reasonable access and telephone contact with
     the minor children.

5.   WAGE AND INCOME DEDUCTION OF SUPPORT AND MAINTENANCE
     Child support and/or spousal maintenance may be withheld from income, with
     or without notice to the person obligated to pay, when the conditions of
     Minnesota Statutes, sections 518.611 and 518.613, have been met. A copy of
     those sections is available from any district court administrator.

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