8.1. SR 03-21-2016 - Laserfiche WebLink

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LEASE AGREEMENT THIS LEASE AGREEMENT ("Lease") is made as of , 2016 (the "Commencement Date"), by and between Meritex Elk River, LLC, a Delaware limited liability company ("Landlord") and Sportech, Inc., a Minnesota corporation ("Tenant"). ARTICLE 1 GRANT AND TERM 1.1 Grant of Leasehold. Landlord, for and in consideration of the rents herein reserved and the covenants and agreements herein contained on the part of Tenant to be performed, hereby leases and demises to Tenant, and Tenant, for and in consideration of the covenants and agreements contained herein on the part of Landlord to be performed, hereby leases from Landlord, the entirety of that certain parcel of land located in the City of Elk River, Minnesota (the "City") legally described on Exhibit A attached hereto (the "Land"), together with Landlord's interest in (i) all hereditaments, easements and rights appurtenant thereto, (ii) all site work and landscaping installed or constructed upon the Land, and (iii) the building constructed upon the Land (the "Building") containing approximately 105,000 rentable square feet, all of the foregoing being herein collectively defined as the "Premises", all of which is leased to Tenant subject to the encumbrances referred to in Exhibit B attached hereto (the "Permitted Exceptions"). The term Premises includes parking, storage and loading facilities, Landlord's interest in all drives, sidewalks and landscaping and all other improvements on the Land. 1.2 Term. The term of this Lease shall be for a period of ten (10) years, commencing on the Commencement Date and ending on the day before the tenth (10th) anniversary of the end of the calendar month in which the Commencement Date occurs (the "Term"), unless the Term shall be sooner terminated in accordance herewith, or unless the Term shall be extended in accordance with Article 25, in which event "Term" shall mean the initial Term of this Lease as extended. The dates upon which the Term shall commence and expire shall be referred to herein as the "Commencement Date" and the "Expiration Date", respectively. If the Commencement Date occurs on a day other than the first day of a calendar month and/or the Expiration Date on a day other than the last day of a calendar month, Tenant shall pay Monthly Rent (as herein defined) at the monthly rate set forth herein (in advance) proportionately for such partial month, as well as Taxes (as hereinafter defined) and any other charges payable proportionately for such partial calendar month. ARTICLE 2 RENT 2.1 Rent Amount. Commencing on the Commencement Date and continuing on the first business day of each calendar month during the Term to and including the first business day of the last month of the Term, Tenant shall pay to Landlord monthly base rent in the amounts set forth in the following schedule (the "Monthly Rent"): 1