Exhibit 10.7
 EXECUTION VERSION
       
 Overland Park, Kansas




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ARTICLE 1. REFERENCE DATA; DEFINITIONS
    
    
    1ARTICLE 2. DEMISE OF PROPERTY; TERM; EXTENSIONS OF TERM
    
    
    6ARTICLE 3. RENT
    
    
    6ARTICLE 4. TAXES
    
    
    8ARTICLE 5. REPAIRS AND MAINTENANCE
    
    
    8ARTICLE 6. INSURANCE
    
    
    9ARTICLE 7. UTILITIES
    
    
    11ARTICLE 8. ALTERATIONS
    
    
    11ARTICLE 9. DAMAGE TO OR DESTRUCTION OF THE IMPROVEMENTS
    
    
    12ARTICLE 10. CONDEMNATION
    
    
    14ARTICLE 11. DISCHARGE OF LIENS
    
    
    15ARTICLE 12. USE OF PROPERTY
    
    
    15ARTICLE 13. ENTRY ON PROPERTY BY LANDLORD
    
    
    16ARTICLE 14. WAIVER AND INDEMNIFICATION
    
    
    16ARTICLE 15. ASSIGNMENT
    
    
    17ARTICLE 16. ESTOPPEL CERTIFICATES
    
    
    19ARTICLE 17. EVENTS OF DEFAULT; TERMINATION
    
    
    19ARTICLE 18. SURRENDER OF THE PROPERTY
    
    
    22ARTICLE 19. NO MERGER OF TITLE
    
    
    22
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ARTICLE 20. QUIET ENJOYMENT
    
    
    22ARTICLE 21. PERFORMANCE FOR TENANT
    
    
    23ARTICLE 22. NOTICES
    
    
    23ARTICLE 23. CONTESTS
    
    
    24ARTICLE 24. NO WARRANTIES/AS IS
    
    
    24ARTICLE 25. TENANTS RIGHT TO CURE LANDLORDS DEFAULT UNDER
FIRST MORTGAGE
    
    
    25ARTICLE 26. SUBORDINATION AND NON-DISTURBANCE
    
    
    25ARTICLE 27. FIRST OFFER RIGHT
    
    
    25ARTICLE 28. APPRAISAL
    
    
    28ARTICLE 29. TENANTS PROPERTY
    
    
    29ARTICLE 30. MISCELLANEOUS
    
    
    30
 
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1.1
    
    LANDLORD:
    
    LTF REAL ESTATE VRDN I, LLCADDRESS
    
    2902 Corporate PlaceOF LANDLORD:
    
    Chanhassen, Minnesota 55317TENANT:
    
    LTF CLUB OPERATIONS COMPANY, INC.ADDRESS
    
    2902 Corporate PlaceOF TENANT:
    
    Chanhassen, Minnesota 55317
   Adjusted Basic Rent
 Adjustment Date
 Alteration
 1




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Basic Rent
 Commencement Date
 Contests
 Credit Issuer
 Environmental Activity
 Environmental Laws
 Event of Default
 Fair Market Value
 Fair Rental Value
 First Mortgage
 First Mortgagee
 First Offer Right
 Governmental Authorities
 Guarantor
 2




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Guaranty
 Hazardous Materials
 Improvements
 Indenture
 Land Exhibit A
 Lease
 Exhibit A  Exhibit B
 Legal Requirements
 Life Time
 Life Time Affiliate
 Life Time Subsidiary
 3




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Loan
 Loan Obligations
 Notes
 Other Lease th
 Permitted Exceptions Exhibit B
 Post-Default Rate
 Property
 Reimbursement Agreement
 Remarketing Agent
 Remarketing Agreement
 Remodeling
 4




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Rent
 Restore or Restoration
 Set-Off
 Supervised Alteration
 Taking
 Taxes
 Tenants Property
 Term
 Threshold Amount
 5




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Trustee
 Unavoidable Delays
         6




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7




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General
 Consent Required
 Plans and Specifications, etc
 Other Requirements
     11




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No Request or Consent by Landlord
 Notice of Non-Responsibility
    12




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but excluding
         29




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SIGNATURE PAGE
TO
LEASE AGREEMENT
 IN WITNESS WHEREOF
 LANDLORD:LTF REAL ESTATE VRDN I, LLC,a Delaware limited liability companyBy:Eric J. BussIts:
    
    SecretaryTENANT:LTF CLUB OPERATIONS COMPANY, INC.,a Minnesota corporationBy:Eric J. BussIts:
    
    Secretary




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EXHIBIT A
 Legal Description of Land
     A-1




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EXHIBIT B
 Permitted Exceptions
 1.
    
    Taxes and assessments for the year 2008 and subsequent years, none are now do and payable.2.
    
    Resolution enlarging Consolidated Main Sewer District of Johnson County, Kansas, as recorded in
Volume 4988, Page 719 and Volume 4989, Page 842, and refiled in Volume 5009, Page 627.3.
    
    Terms and provisions of a Joint Declaration of Restrictive Covenants November 18, 2005, recorded
December 2, 2005, in Volume 200512, Page 000957. Amendments recorded in Volume 200705, Page 001797;
Volume 200712, Page 003876 and Page 003877.4.
    
    Terms and provisions of an Easement Agreement November 18, 2005, recorded December 2, 2005, in
Volume 200512, Page 000955.5.
    
    Right-of-Way Grant to Consolidate Main Sewer District of Johnson County, filed September 1, 2005
in Volume 200509, Page 000226.6.
    
    An easement for Kansas City Power and Light Company in the document recorded in Volume 200605,
Page 005582 of Official Records.7.
    
    An easement for Water District No. 1 in the document recorded in Volume 200511, Page 008542,
Confined in Volume 200606, Page 009070, which was re-recorded in Volume 200610, Page 005339 of
Official Records.
 B-1