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• 24.04 No Option. Submission of this instrument for examination does not constitute a <br /> reservation of nor option for the Premises. The instrument does not become effective as a lease <br /> or otherwise until execution and delivery by both Landlord and Tenant. <br /> 24.05 Brokers. Tenant represents that it has dealt directly with an only with the broker or <br /> brokers set forth at Item 1.01(L) above, and that Tenant knows of no other broker who negotiated <br /> this Lease or is entitled to any commission in connection herewith. Tenant agrees to indemnity, <br /> defend and hold harmless Landlord from and against any commissions or claims by any other <br /> broker or brokers pertaining to Tenant's having entered into this Lease. <br /> 24.06 Applicable Law. This Lease, its interpretation and enforcement shall be governed by <br /> the laws of the state in which the Premises are located. <br /> 24.07 Waiver of Jury. Landlord and Tenant agree that, to the extent permitted by law, each <br /> shall and hereby does waive trial by jury in any action, proceeding or counterclaim brought by <br /> either against the other on any matter whatsoever arising out of or in any way connected with this <br /> Lease. <br /> 24.08 Allocation of Rent. Landlord and Tenant agree that no portion of the Base Rent paid <br /> by Tenant during the portion of the Term of the Lease occurring after the expiration of any <br /> period during which such rent was abated shall be allocated for income tax purposes by Landlord <br /> • or Tenant to such rent abatement period, nor is such rent intended by the parties to be allocable <br /> for income tax purposes to any abatement period. <br /> ARTICLE XIXV. - ENTIRE AGREEMENT <br /> 25.01 This Lease contains the entire agreement between the parties and no modification of <br /> this Lease shall be binding upon the parties unless evidenced by an agreement in writing signed <br /> by the Landlord and the Tenant after the date hereof If there be more than one Tenant named <br /> herein, the provisions of this Lease shall be applicable to and binding upon such tenants jointly <br /> and severally. <br /> ARTICLE XXVI. -EXHIBITS <br /> 26.01 Reference is made to the Exhibits listed at Section 1.01 (J) above, which exhibits are <br /> attached hereto and incorporated herein by reference. <br /> IN WITNESS WHEREOF, the parties have signed triplicate counterparts hereof as of the <br /> date and year hereinabove set forth. <br /> TENANT (Elk River Economic Development Authority) <br /> • By: <br /> Its: <br /> 15 <br /> 1 <br />