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LEASE AGREEMENT <br />Subject to and upon the Basic Lease Terms set forth below, and the other terms, provisions and <br />conditions hereinafter set forth, and each in consideration of the duties, covenants and obligations of <br />the other hereunder, Landlord does hereby lease to Tenant, and Tenant does hereby lease from <br />Landlord, the Leased Premises described below, located in that building located at Building <br />Address (the `Building"). <br />BASIC LEASE TERMS <br />Lease Effective Date: July 1, 2014 <br />Landlord: City of Lino Lakes <br />Legal Entity: A Minnesota municipal corporation <br />Tenant: New Creations Child Care and Learning Center, LLC <br />Legal Entity: Limited Liability Company (Domestic) <br />Leased Premises: That portion of 620 Town Center Parkway, Lino Lakes, <br />MN 55014, as more specifically described in Exhibit A <br />Term: <br />Commencing July 1, 2014 and terminating June 30, 2019. <br />The period of July 1 to June 30 defined as "Lease Year." <br />Commencement Date: July 1, 2014 <br />Termination Date: June 30, 2019 <br />Rent: As determined in accordance with Article 4 of the Lease <br />Agreement <br />Use: Child Care Center and related administrative purposes <br />Parking: <br />Tenant has the right to use parking spaces in the existing <br />parking areas serving the Leased Premises. <br />Landlord's Broker: Kevin Peck, KW Commercial <br />Landlords Address for Notices: 600 Town Center Parkway, Lino Lakes, MN 55014 <br />Tenant's Address for Notices: 620 Town Center Parkway, Lino Lakes, MN 55014 <br />Additional Exhibits: Exhibit A — Leased Premises <br />Exhibit B — Basic Operating Costs <br />Exhibit C — Site Plan <br />1 <br />