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EXTENSION OF LEASE AGREEMENT <br />This Extension of Lease Agreement (the "Lease Extension") is made and entered into this <br />day of 2013, between the City of Mounds View, a Minnesota municipal <br />corporation ("Landlord") and Creative Kids Academy — Mounds View, Inc., a Minnesota <br />corporation ("Tenant") and amends the Lease Agreement, dated November 20, 2006 (the "Lease"), <br />the Assignment, Assumption and Consent Agreement to Lease (the "Assigmnent") dated <br />December 22, 2008, and the Extension of Lease Agreement dated May 23, 2011. <br />RECITALS <br />A. The Landlord owns a community center building located on land located at <br />5394 Edgewood Drive, Mounds View, Minnesota 55112 (the "Premises"). <br />B. Pursuant to the Lease, Creative Kids Child Care Center II, a Minnesota corporation, <br />leased classrooms, an office and the tot lot on the Premises from the Landlord for the purposes of <br />operating a child care center. <br />C. On December 22, 2008, the Assignment was entered into between the Landlord and <br />Creative Kids Child Care Center II and the Tenant. The Assignment assigned Creative Kids Child <br />Care Center II's rights, title and interest in the Lease to the Tenant. <br />D. On May 23, 2011, the Landlord and Tenant agreed to extend the term of the Lease <br />pursuant to an Extension of Lease Agreement until the date of July 31, 2013. <br />E. The Landlord and Tenant have agreed to extend the term of the Lease and this Lease <br />Extension sets forth the ternis of such extension. <br />NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of <br />which each parry hereby acknowledges, the parties agree as follows: <br />ARTICLE 1 <br />Term <br />Section 1.2 of the Lease is deleted and replaced with the following: <br />Section 1.2. Term. The term of this Lease and Tenant's obligation to pay <br />rent hereunder shall continue until July 31, 2018, at which time the Lease shall <br />expire. Notwithstanding any contrary provision contained herein, upon at least one <br />(1) years prior written notice from Landlord to Tenant, Landlord shall have the right <br />to terminate this Lease and upon expiration of such notice period, the term of this <br />Lease shall automatically terminate. <br />428242v2 SJR MU21035 <br />