Document:

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                                                                   EXHIBIT 10.20

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND MAY NOT
BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF EXCEPT WHILE SUCH A REGISTRATION
IS IN EFFECT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO
AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT OR SUCH LAWS.

NO. [NUMBER]                                                   February __, 2001

                              LAWSON SOFTWARE, INC.
                               WARRANT CERTIFICATE

                         Common Stock Purchase Warrants

                            [_______] Warrant Shares

         This Warrant Certificate certifies that, for value received,
[_________________________] (the "Holder") is the owner of the number of
Warrants (as defined below) set forth below, each of which entitles the Holder
to purchase from Lawson Software, Inc. (the "Company"), at any time from and
after the date hereof until the time and date stated in Section 2.1 hereof,
79,100 Warrant Shares (as defined below), at the purchase price stated in
Section 2.6 hereof (the "Exercise Price"). The number of Warrant Shares
purchasable upon exercise of the Warrants and the Exercise Price shall be
subject to adjustment from time to time as herein provided.

         This Warrant is the Common Stock Purchase Warrant (each a "Warrant" and
collectively the "Warrants") issued in connection with the conversion of the 12%
Senior Subordinated Convertible Note due February 23, 2006 issued by the Company
to the Holder (the "Convertible Note") pursuant to that certain Senior
Subordinated Convertible Note Purchase Agreement dated as of February 23, 2001
(the "Closing Date") (as it may be amended from time to time, the "Purchase
Agreement") by and among the Company, the Existing Shareholders and the
Purchasers named therein (the "Purchasers"). For purposes of this Warrant
Certificate, "Warrant Shares" shall mean shares of the Company's common stock,
par value $0.01 per share (the "Common Stock"); provided, however, that if, in
accordance with Section 6.3 hereof, the securities issuable upon exercise of the
Warrants are issued by an entity other than the Company or there is a change in
the class of securities so issuable, then the "Warrant Shares" shall mean the
securities so issuable by such entity or the securities of the class of
securities so issuable. All capitalized terms used herein which are not
otherwise defined shall have the meanings set forth in the Purchase Agreement.

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         The Warrants are subject to the following terms, conditions and
provisions:

         SECTION 1. Registration; Transferability; Exchange of Warrant
Certificate.

                  1.1 Registration. The Company shall number and register the
Warrants in a register (the "Warrant Register") maintained at the principal
office of the Company (the "Office"). The Company shall be entitled to treat the
Holder of the Warrants as the owner thereof for all purposes and shall not be
bound to recognize any equitable or other claim to or interest in such Warrants
on the part of any other person.

                  1.2 Transfer of Warrants. Any Warrant may be transferred or
endorsed to another party in whole or in part by (i) surrendering to the
Company, or its duly authorized agent, for cancellation the existing Warrant
Certificate evidencing the Warrant to be transferred, endorsed or accompanied by
a written instrument of transfer, in form reasonably satisfactory to the
Company, duly executed by the Holder thereof in person or by a duly authorized
representative, agent or attorney-in-fact appointed in writing, (ii) by
supplying the Company with an opinion of counsel, which opinion shall be
reasonably satisfactory to the Company, to the effect that registration under
the Securities Act of 1933, as amended (the "Securities Act"), has been
accomplished or is not necessary in connection with such transfer of Warrants,
and (iii) by having the transferee agree in writing to be bound by the
provisions of the Purchase Agreement and the Stockholders Agreement. Upon
receipt thereof, the Company shall issue and deliver, in the name of the
transferee, a new Warrant Certificate containing the same terms as the
surrendered Warrant Certificate. In the case of the transfer of fewer than all
of the rights evidenced by the surrendered Warrant Certificate, the Company
shall issue a new Warrant Certificate to the Holder thereof for the remaining
number of shares specified in the Warrant Certificate so surrendered.

         SECTION 2. Term of Warrants; Exercise of Warrants.

                  2.1 Term of Warrant. Subject to the terms of this Warrant
Certificate, the Holder shall have the right, which may be exercised by the
registered Holder hereof from time to time on any business day before 5:00 P.M.
(New York City time) anytime hereafter through and including the seventh
anniversary thereof (the "Expiration Date") to purchase from the Company the
number of fully paid and nonassessable Warrant Shares specified on the face
hereof or such other number of Warrant Shares which the Holder may at the time
be entitled to purchase in accordance with this Warrant Certificate. At 5:00
P.M. (New York City time) on the Expiration Date, each Warrant not exercised
prior thereto shall be and become void and of no value.

                  2.2 Exercise of Warrants. Subject to the terms of this Warrant
Certificate, the Warrants evidenced by this Warrant Certificate may be exercised
in whole or in part, upon surrender to the Company, at its Office, of this
Warrant Certificate, with a Purchase Form substantially in the form attached
hereto duly completed and signed, and upon payment to the Company of the
Exercise Price. Payment shall be made (i) in cash, (ii) by certified check
payable to the order of the Company, (iii) by wire transfer, or (iv) by the
surrender by such Holder to the Company, at the aforesaid offices, of any of the
Company's 12% Senior Subordinated Notes due February 23, 2006 (the "Notes") held
by such Holder, and all such Notes so surrendered shall be credited against such
payment in an amount equal to the principal

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amount of such Notes plus accrued interest thereon to the date of the surrender,
or by any combination of any of the foregoing methods, in the amount obtained by
multiplying (a) the number of shares of Common Stock (without giving effect to
any adjustment thereof) designated in such subscription by (b) the Exercise
Price, and such holder shall thereupon be entitled to receive the number of duly
authorized, validly issued, fully paid and nonassessable shares of Common Stock
(or other securities) determined as provided herein.

                  2.3 Conversion. If instead of exercising this Warrant pursuant
to the terms of Section 2.2 above, the Holder hereof elects to convert this
Warrant, in whole or in part, into shares of Common Stock, then such holder
shall surrender this Warrant to the Company at its Office during normal business
hours on any business day on or prior to the Expiration Date accompanied by a
conversion notice in substantially the form attached to this Warrant (or a
reasonable facsimile thereof) duly executed by such holder, and such holder
shall thereupon be entitled to receive a number of duly authorized, validly
issued, fully paid and nonassessable shares of Common Stock (or other
securities) computed using the following formula:

                                   X = Y (A-B)
                                         -----
                                           A

         Where X = the number of shares of Common Stock to be issued to the
Holder pursuant to the conversion

         Y = the number of shares of Common Stock in respect of which the
conversion is requested

         A = the Current Market Price

         B = the Exercise Price

         For all purposes of this Warrant (other than this Section 2.3), any
         reference herein to the exercise of this Warrant shall be deemed to
         include a reference to the conversion of this Warrant into Common Stock
         (or other securities) in accordance with the terms of this Section 2.3.

                  2.4 Delivery of Stock Certificates, etc. Upon the surrender of
this Warrant Certificate with the Purchase Form duly executed, and payment of
the Exercise Price as aforesaid, the Company shall within ten business days,
issue and deliver to or upon the written order of the Holder and in such name or
names as the Holder may designate a certificate or certificates for such number
of Warrant Shares so purchased (subject to compliance, if necessary, with
applicable provisions of the Hart-Scott-Rodino Antitrust Improvements Act of
1976, as amended). Such certificate or certificates shall be dated and deemed to
have been issued as of the date of the surrender of this Warrant Certificate and
payment of the Exercise Price, as aforesaid. The right of purchase represented
by this Warrant Certificate shall be exercisable, at the election of the Holder,
in full at any time or in part from time to time. In the event the Holder

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shall exercise fewer than all the Warrants evidenced hereby, a new Warrant
Certificate shall be issued evidencing the remaining unexercised Warrants.

                  2.5 Exercise Price. The price per share at which each Warrant
Share shall be purchased upon exercise of each Warrant (the "Exercise Price")
shall be $0.01, subject to adjustment pursuant to Section 6. The aggregate
Exercise Price for all Warrant Shares subject to this Warrant Certificate shall
be rounded to the next higher $0.01.

         SECTION 3. Payment of Taxes. The Company covenants and agrees that it
will pay when due and payable all documentary, stamp and other similar taxes, if
any, which may be payable in respect of the issuance or delivery of the Warrants
or of the Warrant Shares purchasable and issuable upon the exercise of the
Warrants; provided, however, that the Company shall not be required to pay any
such tax or other charge imposed in respect of the transfer of Warrants, or the
issuance or delivery of certificates for Warrant Shares or other securities in
respect of the Warrant Shares upon the exercise of Warrants, to a person or
entity other than a then-existing registered Holder of Warrants.

         SECTION 4. Mutilated or Missing Warrants. In the event this Warrant
Certificate shall be mutilated, lost, stolen or destroyed, the Company shall
issue and deliver in exchange and substitution for and upon cancellation of the
mutilated Warrant Certificate, or in lieu of and in substitution for the Warrant
Certificate lost, stolen or destroyed, a new Warrant Certificate of like tenor
and representing an equivalent right or interest, but only upon, in the event of
a lost, stolen or destroyed certificate, receipt of evidence satisfactory to the
Company of such loss, theft or destruction and, if requested by the Company,
upon indemnity that also is satisfactory to it; provided that a written
undertaking of such loss, theft or destruction of this Warrant Certificate by
the registered Holder hereof or any Affiliate thereof shall be deemed a
satisfactory indemnity of the Company for purposes of this Section 4. In making
application for such a substitute Warrant Certificate, the Holder shall also
comply with such other reasonable regulations and pay such other reasonable
charges as the Company may prescribe.

         SECTION 5. Reservation and Availability of Warrant Shares; Purchase and
Cancellation of Warrants.

                  5.1 Reservation of Warrant Shares.

                           (a) The Company shall at all times reserve and keep
available, without limitation, out of the aggregate of its authorized but
unissued shares of Common Stock, for the purpose of enabling it to satisfy any
obligations to issue the Warrant Shares upon exercise of the Warrants, the full
number of Warrant Shares deliverable upon the exercise of all the Warrants
evidenced by this Warrant Certificate. The Company shall be irrevocably
authorized and directed at all times to reserve such number of authorized shares
of Common Stock as shall be required for such purpose.

                           (b) The Company covenants that all Warrant Shares
issuable upon exercise of the Warrants will, upon issuance, be fully paid,
nonassessable and free from

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preemptive rights and free from all transfer taxes, liens, charges and security
interests with respect to the issuance thereof.

                           (c) Before taking any action which would cause an
adjustment pursuant to Section 6, the Company will take any and all corporate
action which may, in the opinion of its counsel, be necessary in order that the
Company may validly and legally issue fully paid and nonassessable Warrant
Shares at the Exercise Price as so adjusted.

                  5.2 Warrant Shares Record Date. Each person in whose name any
stock certificate for Warrant Shares is issued shall for all purposes be deemed
to have become the holder of record of the Warrant Shares represented thereby,
and such stock certificate shall be dated the date upon which this Warrant
Certificate was duly surrendered and payment of the Exercise Price (and any
applicable transfer taxes) was made.

                  5.3 Cancellation of Warrant. Upon surrender of the Warrant
Certificate for exchange, substitution, transfer or exercise, it shall be
canceled by the Company and retired.

         SECTION 6. Adjustment of Number of Warrant Shares and Exercise Price.
If and when after the Closing Date and prior to the closing of a Qualified
Public Offering or a Qualified Sale (each as defined in the Purchase Agreement),
whether or not this Warrant has then been issued, the number of securities
purchasable upon the exercise of each Warrant shall be subject to adjustment
from time to time upon the happening of certain events as hereinafter described.
If any of the events as described in this Section 6 shall occur after the
Closing Date, but prior to the issuance of this Warrant upon conversion of the
Convertible Notes, the number of Warrant Shares or other securities purchasable
upon exercise of the Warrant shall be adjusted to the same extent as if this
Warrant was outstanding as of the Closing Date.

                  6.1 Adjustments. Prior to the Closing of a Qualified Public
Offering or a Qualified Sale (each as defined in the Purchase Agreement), the
number of Warrant Shares or other securities purchasable upon the exercise of
the Warrants and/or the Exercise Price shall be subject to adjustment as
follows:

                           (a) Antidilution Price; Adjustment Price. The number
of Warrant Shares for which this Warrant is exercisable as of the Closing Date
shall be adjusted in accordance with Section 6.1(b) below such that, upon
exercise, each such Warrant Share for which this Warrant was exercisable on the
Closing Date shall instead equal such number of fully paid and nonassessable
shares of common Stock as is determined by dividing (i) $4.11999966 (the "Target
Price") by (ii) the "Antidilution Price" at the time in effect for this Warrant.
The initial "Antidilution Price" for this Warrant shall be the Target Price,
subject to adjustment as set forth in Section 6.1(b).

                           (b) Adjustments to the Antidilution Price. Except as
provided in Section 6(c) and except in the case of an event described in Section
6(d), if and whenever after the Closing Date, whether or not this Warrant has
been issued and is outstanding at the time of the relevant transaction giving
rise to an adjustment hereunder the Company shall issue or sell, or

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is, in accordance with this Section 6(b), deemed to have issued or sold, any
shares of Common Stock for a consideration per share less than the Antidilution
Price in effect immediately prior to the time of such issuance or sale, then,
upon such issuance or sale (or deemed issuance or sale), the Antidilution Price
shall be reduced to the price determined by dividing (i) an amount equal to the
sum of (A) the total number of shares of Common Stock outstanding immediately
prior to such issuance or sale (or deemed issuance or sale) (including, for this
purpose, all shares of Common Stock issuable upon exercise or conversion of any
Options (as defined below) or Convertible Securities (as defined below)
outstanding as of immediately prior to the Closing Date) multiplied by the then
existing Antidilution Price and (B) the consideration, if any, received by the
Company upon such issuance or sale (or deemed issuance or sale) by (ii) the
total number of shares of Common Stock outstanding immediately prior to such
issuance or sale (or deemed issuance or sale) (including, for this purpose, all
shares of Common Stock issuable upon exercise or conversion of Options or
Convertible Securities outstanding as of immediately prior to the Closing Date)
plus the number of shares of Common Stock so issued or sold (or so deemed issued
or sold).

         For purposes of this Section 6(b) the following shall also be
applicable:

                                    (i) Issuance of Rights or Options. If the
Company shall, at any time after the Closing Date, in any manner grant (whether
directly or by assumption in a merger or otherwise) any warrants or other rights
to subscribe for or to purchase, or any options for the purchase of, Common
Stock or any stock or security convertible into or exchangeable for Common Stock
(such warrants, rights or options being called "Options" and such convertible or
exchangeable stock or securities being called "Convertible Securities"), in each
case for consideration per share (determined as provided in this paragraph and
in Section 6(b)(vi)) less than the Antidilution Price, whether or not such
Options or the right to convert or exchange any such Convertible Securities are
immediately exercisable, then the total maximum number of shares of Common Stock
issuable upon the exercise of such Options, or upon conversion or exchange of
the total maximum amount of such Convertible Securities issuable upon exercise
of such Options, shall be deemed to have been issued as of the date of granting
of such Options (and thereafter shall be deemed to be outstanding), at a price
per share equal to the amount determined by dividing (A) the total amount, if
any, received or receivable by the Company as consideration for the granting of
such Options, plus the minimum aggregate amount of additional consideration
payable to the Company upon the exercise of all such Options, plus, in the case
of such Options which relate to Convertible Securities, the minimum aggregate
amount of additional consideration, if any, payable upon the issuance or sale of
such Convertible Securities and upon the conversion or exchange thereof, by (B)
the total maximum number of shares of Common Stock deemed to have been so
issued. Except as otherwise provided in Section 6(b)(iii), no adjustment of the
Antidilution Price shall be made upon the actual issuance of such Common Stock
or of such Convertible Securities upon exercise of such Options or upon the
actual issuance of such Common Stock upon conversion or exchange of such
Convertible Securities.

                                    (ii) Issuance of Convertible Securities. If
the Company shall, at any time after the Closing Date, in any manner issue or
sell any Convertible Securities for consideration per share (determined as
provided in this paragraph and in Section 6(b)(vi)) less

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 than the Antidilution Price, whether or not the rights to exchange or convert
any such Convertible Securities are immediately exercisable, then the total
maximum number of shares of Common Stock issuable upon conversion or exchange of
all such Convertible Securities shall be deemed to have been issued as of the
date of the issuance or sale of such Convertible Securities (and thereafter
shall be deemed to be outstanding), at a price per share equal to the amount
determined by dividing (A) the total amount, if any, received or receivable by
the Company as consideration for the issuance or sale of such Convertible
Securities, plus the minimum aggregate amount of additional consideration, if
any, payable to the Company upon the conversion or exchange thereof, by (B) the
total maximum number of shares of Common Stock deemed to have been so issued;
provided, that (1) except as otherwise provided in Section 6(b)(iii), no
adjustment of the Antidilution Price shall be made upon the actual issuance of
such Common Stock upon conversion or exchange of such Convertible Securities and
(2) if any such issuance or sale of such Convertible Securities is made upon
exercise of any Options to purchase any such Convertible Securities, no further
adjustment of the Antidilution Price shall be made by reason of such issuance or
sale.

                                    (iii) Change in Option Price or Conversion
Rate. If there shall occur a change in (A) the maximum number of shares of
Common Stock issuable in connection with any Option referred to in Section
6(b)(i) or any Convertible Securities referred to in Section 6(b)(i) or (ii),
(B) the purchase price provided for in any Option referred to in Section
6(b)(i), (C) the additional consideration, if any, payable upon the conversion
or exchange of any Convertible Securities referred to in Section 6(b)(i) or (ii)
or (D) the rate at which Convertible Securities referred to in Section 6(b)(i)
or (ii) are convertible into or exchangeable for Common Stock (in each case,
other than in connection with an event described in Section 6(c)), then the
Antidilution Price in effect at the time of such event shall be readjusted to
the Antidilution Price that would have been in effect at such time had such
Options or Convertible Securities that are still outstanding provided for such
changed maximum number of shares, purchase price, additional consideration or
conversion rate, as the case may be, at the time initially granted, issued or
sold, but only if as a result of such adjustment the Antidilution Price then in
effect is thereby reduced; and on the termination of any such Option or any such
right to convert or exchange such Convertible Securities, the Antidilution Price
then in effect hereunder shall be increased to the Antidilution Price that would
have been in effect at the time of such termination had such Option or
Convertible Securities, to the extent outstanding immediately prior to such
termination (i.e., to the extent that fewer than the number of shares of Common
Stock deemed to have been issued in connection with such Option or Convertible
Securities were actually issued), never been issued or been issued at such
higher price, as the case may be.

                                    (iv) Stock Dividends. If the Company shall
declare a dividend or make any other distribution upon any stock of the Company
payable in Common Stock (except for dividends or distributions upon the Common
Stock), Options or Convertible Securities, any Common Stock, Options or
Convertible Securities, as the case may be, issuable in payment of such dividend
or distribution shall be deemed to have been issued or sold without
consideration, and the Antidilution Price will be adjusted pursuant to this
Section 6(b)(iv); provided, that no adjustment shall be made to the Antidilution
Price as a result of such dividend or distribution if the Holder of this Warrant
is entitled to, and does, receive such dividend or distribution; and, provided,
further, that if any adjustment is made to the Antidilution Price as a

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result of the declaration of a dividend and such dividend is not effected, the
Antidilution Price shall be appropriately readjusted.

                                    (v) Other Dividends and Distributions. In
the event the Company at any time or from time to time after the Closing Date
shall make or issue, or fix a record date for the determination of holders of
Common Stock entitled to receive, a dividend or other distribution payable in
securities or other property of the Company other than shares of Common Stock,
then and in each such event provision shall be made so that the Holder of the
Warrant shall receive upon exercise thereof, in addition to the number of shares
of Common Stock purchasable thereupon, the amount of such other securities of
the Company or the value of such other property that they would have received
had this Warrant been exercised for Common Stock on the date of such event and
had such Holder thereafter, during the period from the date of such event to and
including the exercise date, retained such securities or other property
receivable by such Holder during such period giving application to all
adjustments called for during such period under Section 6 with respect to the
rights of such Holder; and, provided, further, however, that no such adjustment
shall be made if the Holder of this Warrant simultaneously receives a dividend
or other distribution of such securities or other property in an amount equal to
the amount of such securities or other property as such Holder would have
received if this Warrant had been exercised for Common Stock on the date of such
event.

                                    (vi) Consideration for Stock. In case any
shares of Common Stock shall be issued or sold, or deemed issued or sold, for
cash, the consideration received therefor shall be deemed to be the amount
received or to be received by the Company therefor (determined with respect to
deemed issuances and sales in connection with Options and Convertible Securities
in accordance with clause (A) of Section 6(b)(i) or Section 6(b)(ii), as
appropriate). In case any shares of Common Stock shall be issued or sold, or
deemed issued or sold, for a consideration other than cash, the amount of the
consideration other than cash received by the Company shall be deemed to be the
fair value of such consideration received or to be received by the Company
(determined with respect to deemed issuances and sales in connection with
Options and Convertible Securities in accordance with clause (A) of Section
6(b)(i) or Section 6(b)(ii), as appropriate) as determined in good faith by the
Board of Directors of the Company and a Required Interest (as defined below). In
case any Options shall be issued in connection with the issuance and sale of
other securities of the Company together comprising one integral transaction in
which no specific consideration is allocated to such Options by the parties
thereto, such Options shall be deemed to have been issued for such consideration
as determined in good faith by the Board of Directors of the Company and a
Required Interest.

                                    (vii) Required Date. In case the Company
shall take a record of the holders of its Common Stock for the purpose of
entitling them (A) to receive a dividend or other distribution payable in Common
Stock, Options or Convertible Securities or (B) to subscribe for or purchase
Common Stock, Options or Convertible Securities, then such record date shall be
deemed to be the date of the issuance or sale of the shares of Common Stock
deemed to have been issued or sold upon the declaration of such dividend or the
making of such other distribution or the date of the granting of such right of
subscription or purchase, as the case may be.

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                                    (viii) Treasury Shares. The number of shares
of Common Stock outstanding at any given time shall not include shares owned or
held by or for the account of the Company; provided, that the disposition of any
such shares shall be considered an issuance or sale of Common Stock for the
purpose of this Section 6.

                           (c) Certain Issues of Common Stock Excepted. Anything
herein to the contrary notwithstanding, the Company shall not be required to
make any adjustment of the Antidilution Price in the case of the issuance from
and after the Closing Date of (i) shares of Common Stock upon conversion of
shares of the Company's Series A Convertible Preferred Stock; (ii) up to
1,966,400 shares of Common Stock (subject to adjustment for stock splits, stock
dividends, combinations, recapitalizations and the like) upon exercise of
warrants outstanding as of the Closing Date (including this Warrant; (iii) up to
2,903,193 shares of Common Stock (subject to adjustment for stock splits, stock
dividends, combinations, recapitalizations and the like) distributed in
accordance with the terms of the Company's Employee Stock Ownership Plan Trust,
as in effect on the Closing Date and (iv) shares of Common Stock, or options to
purchase Common Stock, to directors, officers, employees or consultants of the
Company (pursuant to the exercise of options or otherwise) in connection with
their service as directors of the Company, their employment by the Company or
their retention as consultants by the Company, in each case issued (A) pursuant
to the Company's 1996 or 2001 stock option plans, as in effect on the Closing
Date, or pursuant to any stock option plan adopted or amended after the Closing
Date with the unanimous approval of the Company's Board of Directors, and (B) at
a price per share not less than (or, in the case of Options, with an exercise
price per share not less than) the fair market value of the Common Stock on the
date of grant as determined by the Company's Board of Directors (provided that
the grant of Options at an exercise price of $4.12 per share in January and
February 2001, shall be deemed to be at Fair Market Value) (the shares of Common
Stock described in subclauses (i), (ii), (iii) and (iv), the "Excluded Shares");
provided that, with respect to subclause (iv), the number of such shares
included in the Excluded Shares during the period between the Closing Date and
the date which is 30 months following the Closing Date (the "Target Date") shall
be limited to 3,168,405 (such number to be (i) increased by that number of
shares of Common Stock which are subject to purchase pursuant to Options that
are forfeited unexercised by their holders during such 30 months and (ii)
appropriately adjusted for stock dividends, stock splits, combinations,
recapitalizations and the like), plus such number of additional shares that are
issued, or issuable upon exercise of options granted, after the Target Date with
the unanimous approval of the Board of Directors of the Company.

                           (d) Subdivision or Combination of Common Stock. In
case the Company shall at any time after the Closing Date subdivide its
outstanding shares of Common Stock into a greater number of shares (by any stock
split, stock dividend or otherwise), the Antidilution Price in effect
immediately prior to such subdivision shall be proportionately reduced, and,
conversely, in case the Company shall at any time after the Closing Date combine
its outstanding shares of Common Stock into a smaller number of shares (by any
reverse stock split or otherwise), the Antidilution Price in effect immediately
prior to such combination shall be proportionately increased. In the case of any
such subdivision, no further adjustment shall be made pursuant to Section
6(b)(iv) by reason thereof.

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                           (e) Reorganization or Reclassification. If any
capital reorganization or reclassification of the capital stock of the Company
shall be effected in such a way that holders of Common Stock shall be entitled
to receive stock, securities or assets with respect to or in exchange for Common
Stock, then, as a condition of such reorganization or reclassification, lawful
and adequate provisions shall be made whereby the Holder of this Warrant shall
thereupon have the right to receive, upon the basis and upon the terms and
conditions specified herein and in lieu of the shares of Common Stock
immediately theretofore receivable upon the exercise of such Warrant, as the
case may be, such shares of stock, securities or assets as may be issued or
payable with respect to or in exchange for a number of outstanding shares of
such Common Stock equal to the number of shares of such Common Stock immediately
theretofore receivable upon such exercise had such reorganization or
reclassification not taken place, and in any such case appropriate provisions
shall be made with respect to the rights and interests of such Holder to the end
that the provisions hereof (including, without limitation, provisions for
adjustments of the Antidilution Price) shall thereafter be applicable, as nearly
as may be, in relation to any shares of stock, securities or assets thereafter
deliverable upon the exercise of such Warrant.

                           (f) In case any event shall occur as to which the
provisions of Section 6 hereof are not strictly applicable but the failure to
make any adjustment would not, in the reasonable opinion of the Holder of this
Warrant, fairly protect the purchase rights represented by this Warrant in
accordance with the essential intent and principles of such this Section 6,
then, in each such case, at the request of the Holder, the Company shall appoint
a firm of independent investment bankers of recognized national standing (which
shall be completely independent of the Company and shall be satisfactory to the
holder of this Warrant), which shall give their opinion upon the adjustment, if
any, on a basis consistent with the essential intent and principles established
in this Sections 6, necessary to preserve, without dilution, the purchase rights
represented by this Warrant. Upon receipt of such opinion, the Company will
promptly mail a copy thereof to the holder of this Warrant and shall make the
adjustments described therein.

                  6.2 Report as to Adjustments. In each case of any adjustment
or readjustment in the shares of Common Stock (or other securities) issuable
upon the exercise of this Warrant, the Company at its sole expense will promptly
compute such adjustment or readjustment in accordance with the terms of this
Warrant and cause its chief financial officer to verify such computation (other
than any computation of the Current Market Price of property as determined in
good faith by the Board of Directors of the Company) and prepare a report
setting forth such adjustment or readjustment and showing in reasonable detail
the method of calculation thereof and the facts upon which such adjustment or
readjustment is based, including a statement of (a) the consideration received
or to be received by the Company for any additional shares of Common Stock
issued or sold or deemed to have been issued, (b) the number of shares of Common
Stock outstanding or deemed to be outstanding, and (c) the Exercise Price in
effect immediately prior to such issue or sale and as adjusted and readjusted
(if required by Section 6 hereof) on account thereof. The Company will forthwith
mail a copy of each such report to each holder of a Warrant and will, upon the
written request at any time of any holder of a Warrant, furnish to such holder a
like report setting forth the Exercise Price at the time in effect and showing
in reasonable detail how it was calculated. The Company will also keep copies of
all

                                       10
<PAGE>   11

such reports at its Office and will cause the same to be available for
inspection at such office during normal business hours by the Holder of a
Warrant or any prospective purchaser of a Warrant designated by the Holder
thereof.

                  6.3 Preservation of Purchase Rights Upon Merger,
Consolidation, etc.

                           (a) In the event of any merger, consolidation or
other acquisition or business combination in which the Company is not the
surviving corporation or in which a majority of the outstanding Common Stock is
converted into, acquired or exchanged for securities, cash or property or in the
event of the sale or other disposition of all or substantially all the assets of
the Company (a "Sale Event"), then a Holder of Warrants outstanding on the date
of such Sale Event shall be entitled to receive, in exchange for such Warrants,
the type and amount of consideration that such Holder would have been entitled
to receive if such Holder had exercised such Warrants immediately prior to such
Sale Event for the number of Warrant Shares equal to (x) the number of Warrant
Shares such Holder is eligible to receive for such Warrants at such time minus
(y) the number of Warrant Shares the aggregate Current Market Price of which
equals the aggregate Exercise Price of such Warrants; provided that if upon such
Sale Event different holders of Common Stock shall be entitled to elect
different forms of consideration for their Common Stock, then the Holders shall
also be entitled to elect the form of such consideration to be received by them
for their Warrants upon such Sale Event in the same manner as the holders of
Common Stock.

                           (b) Upon any liquidation, dissolution or winding up
of the Company, the Holder shall receive such cash or property (less the
Exercise Price) which the Holder would have been entitled to receive upon the
happening of such liquidation, dissolution or winding up had the Warrants been
exercised and the Warrant Shares issued immediately prior to the occurrence of
such liquidation, dissolution or winding up.

                  6.4 Statement on the Warrant. Irrespective of any adjustments
in the number or kind of securities purchasable upon the exercise of the Warrant
or the Exercise Price, any Warrant Certificate theretofore or thereafter issued
may continue to express the same price and number and any kind of shares as are
stated in this Warrant Certificate.

                  6.5 Contest and Appraisal Rights.

                           (a) If the Holder or Holder(s) of the Warrants
entitling such person(s) to purchase a majority of the Warrant Shares subject to
purchase upon exercise of Warrants at the time outstanding (the Required
Interest) shall, in good faith, disagree with the Company's determination of the
Current Market Price for the Common Stock for purposes of Section 2.3 or of the
Current Market Price of any property (or securities) given to the Company as
consideration for the issue or sale of additional shares of Common Stock for
purposes of this Section 6.2(b), then such holders shall by notice to the
Company (an Appraisal Notice) given within thirty (30) days after the Company's
determination elect to dispute such determination, and such dispute shall be
resolved as set forth in Section 6.5(c) below.

                                       11
<PAGE>   12

                           (b) Subject to Section 6.5(c) below, the "Current
Market Price" means on any date specified herein, the average daily "Market
Price" during the period of the most recent 20 days, ending on such date, on
which the national securities exchanges were open for trading, except that if no
class of the Common Stock is then listed or admitted to trading on any national
securities exchange or quoted in the overcounter market, the Current Market
Price shall be the Market Price on such date. Subject to Section 6.5(c) below,
"Market Price" means on any date specified herein, the amount per share of
Common Stock equal to (a) the last sale price of Common Stock, regular way, on
such date or, if no such sale takes place on such date, the average of the
closing bid and asked prices thereof on such date, in each case as officially
reported on the principal national securities exchange on which Common Stock is
then listed or admitted to trading, or (b) if Common Stock is not then listed or
admitted to trading on any national securities exchange but is designated as a
national market system security by the NASD, the last trading price of Common
Stock on such date, or (c) if there shall have been no trading on such date or
if Common Stock is not so designated or if Common Stock is not then listed or
admitted to trading on any national exchange or quoted in the over-the-counter
market, or if the asset to be valued is property or another security, then the
Current Market Price thereof determined in good faith by the Board of Directors
of the Company as of a date which is within fifteen (15) days of the date as of
which the determination is to be made.

                           (c) The Company shall within thirty (30) days after
an Appraisal Notice shall have been given, engage an independent nationally
recognized investment bank or other qualified financial institution acceptable
to the Company and such holders ("Appraiser") to make an independent
determination of the Current Market Price for the Common Stock or of the Current
Market Price of any property (or securities) given to the Company as
consideration for the issue or sale of additional shares of Common Stock, as the
case may be (the "Appraiser's Determination"). In arriving at its determination,
the Appraiser shall base any valuation upon (i) in the case of the Current
Market Price of the Common Stock, the Current Market Price of the Company
assuming that the Company were sold as a going concern, without regard to the
existence of any control block, the anticipated impact upon current market
prices of any such sale, the lack or depth of a market for the Common Stock, the
Warrants or other securities of the Company, or any other factors concerning the
liquidity or marketability of the Common Stock, the Warrants or other securities
of the Company, and (ii) in the case of the Current Market Price of any property
(or securities) given to the Company as consideration for the issue or sale of
additional shares of Common Stock, the fair market value of such property (or
securities) assuming that such property (or securities) were sold to an
independent third party in an arm's-length transaction. The Appraiser's
Determination shall be final and binding on the Company and the Holder of the
Warrants. The costs of conducting an appraisal shall be borne entirely by the
Company; provided, however, that:

                                    (i) in the case of a determination of the
Current Market Price for the Common Stock, if the Company's determination is
greater than the Appraiser's Determination by more than 15%, then the costs of
conducting the appraisal shall be shared by the Company and the Holder of the
Warrants in the following proportions: (A) the Holder shall bear no more than
its pro rata share ("Pro Rata Share" of the costs of conducting the appraisal,
assuming for this purpose that this Warrant had been converted into shares of
Common Stock in

                                       12
<PAGE>   13

accordance with the provisions of Section 2.3 immediately prior to the close of
business on the day immediately preceding the day the Appraiser's Determination
is delivered to the Company and the Holder and that the total equity of the
Company is measured on a fully diluted basis and (B) the Company shall bear the
remainder of the costs associated with conducting the appraisal; and

                                    (ii) in the case of a determination of the
Current Market Price of any property (or securities) given to the Company as
consideration for the issue or sale of additional shares of Common Stock, if the
Company's determination is less than the Appraiser's Determination by more than
15%, then the costs of conducting the appraisal shall be shared by the Company
and the Holder of the Warrants in the following proportions: (A) the Holder
shall bear no more than its Pro Rata Share of the costs of conducting the
appraisal and (B) the Company shall bear the remainder of the costs associated
with conducting the appraisal.

         SECTION 7. Registration of Warrants and Common Stock. The shares of
Common Stock issuable upon exercise of this Warrant shall constitute Registrable
Securities (as such term is defined in the Registration Rights Agreement dated
as of the Closing Date by and among the parties therein). Each holder of any
shares of Common Stock (and other securities) issued upon exercise of this
Warrant shall be entitled to all of the benefits afforded to a holder of any
such Registrable Securities under the Registration Rights Agreement and such
holder, by its acceptance of this Warrant, agrees to be bound by and to comply
with the terms and conditions of the Registration Rights Agreement applicable to
such holder as a holder of such Registrable Securities. At any such time as
Common Stock is listed on any national securities exchange, the Company will, at
its sole expense, obtain promptly and maintain the approval for listing on each
such exchange, upon official notice of issuance, the shares of Common Stock
issuable upon exercise of the then outstanding Warrants and maintain the listing
of such shares after their issuance; and the Company will also list on such
national securities exchange, will register under the Securities Exchange Act of
1934, as amended (the "Exchange Act"), and will maintain such listing of, any
other securities that at any time are issuable upon exercise of the Warrants, if
and at the time that any securities of the same class shall be listed on such
national securities exchange by the Company.

         SECTION 8. Redemption and Cancellation of Warrants

                  8.1 Put Right.

                           (a) If the Company has not completed a Qualified
Public Offering or a Qualified Sale (each as defined in the Purchase Agreement),
then the Holder may demand at any time on or after the fifth anniversary of the
Closing Date or, if earlier, upon the occurrence of a Mandatory Repurchase Event
or an Event of the Default that the Company purchase all (100%) of the Warrants
held by all holders at the Redemption Price (as defined in Section 8.3) by
delivery of a written notice to the Company (the date such notice is delivered
to the Company shall hereinafter be referred to as, the "Put Demand Date"). The
Redemption Price shall be payable to such holders in immediately available funds
as soon as reasonably practicable (the "Put Payment Date"), but in no event
later than sixty (60) days after the Put Demand Date, upon

                                       13
<PAGE>   14

surrender of this Warrant to the Company at its Office or, if requested by any
such holder without surrender of this Warrant, by wire transfer to any account
in Boston, Massachusetts specified by notice to the Company.

                           (b) Upon surrender of this Warrant in accordance with
the procedures set forth in Section 8.1(a), the right to purchase shares of
Common Stock represented by this Warrant shall terminate, and this Warrant shall
represent the right of the Holder to receive only the applicable Redemption
Price from the Company in accordance with Section 8.1. The Holder's right to
demand redemption of this Warrant pursuant to this Section 8.1 shall be referred
to herein as the Holder's "Put Right."

                           (c) Default; Automatic Conversion into Debt. In the
event that the Company fails to purchase all of the Warrants held by all holders
within sixty (60) days of the Put Demand Date (the "Put Demand Period," then on
the next succeeding day, all of the rights heretofore represented by this
Warrant, including the Holder's right to purchase shares of Common Stock
represented by this Warrant, shall convert, automatically and irrevocably and
without any further action or acknowledgment on the part of the Company or the
Holder, into an unsecured obligation of the Company to pay to such Holder, on
demand, an amount equal to the Redemption Price, together with accrued interest
compounded daily (based on a 360-day year of 30-day months) on the unpaid
principal amount thereof at a rate of 15% per annum or such lower rate as then
may be the maximum rate permitted by applicable law, payable quarterly in
arrears on March 31, June 30, September 30 and December 31 of each year until
such obligation is paid in full. Nothing in this subsection 8.1(c) shall require
the Company to pay interest at a rate in excess of the maximum rate permitted by
applicable law. The obligation of the Company created pursuant to this
subsection 8.1(c) may be prepaid by the Company at any time without premium or
penalty. All payments of principal and interest on such obligation shall be made
by wire transfer of immediately available funds to an account or accounts
designated in writing by the Holder.

                  8.2 Call Right.

                           (a) If the Company has not completed a Qualified
Public Offering or a Qualified Sale (each as defined in the Purchase Agreement),
then at any time on or after the date that is six years following the Closing
Date the Company may repurchase all (100%) but not less than all, of the
Warrants held by all holders at the Redemption Price by delivery of a notice to
all holders of the Warrants (the date such notice is delivered to the holders
shall hereinafter be referred to as, the "Call Redemption Date"). The Redemption
Price shall be payable to such holders in immediately available funds as soon as
reasonably practicable, but in no event later than sixty (60) days after the
Call Redemption Date (such date, the "Call Payment Date"), upon surrender of
this Warrant to the Company at its Office or, if requested by such holder
without surrender of this Warrant, by wire transfer to any account in Boston,
Massachusetts specified by notice to the Company.

                           (b) The Company shall, immediately upon receipt by
the Company of the Appraiser's Determination of the Redemption Price pursuant to
Section 8.3 below, deliver to

                                       14
<PAGE>   15

the Holder written notice of such calculation (together with the Appraiser's
report), whereupon the Holder shall have ten (10) Business Days after the Call
Redemption Date to elect, in a writing delivered to the Company, to exercise the
Warrant in accordance with the terms set forth herein.

                           (c) Subject to Section 8.2(b) above, upon redemption
in accordance with the procedures set forth in Section 8.2(a), the right to
purchase shares of Common Stock theretofore represented by this Warrant as to
which the Company has exercised its right to purchase the Warrant shall
terminate, and this Warrant shall represent the right of the Holder to receive
only the applicable Redemption Price from the Company in accordance with Section
8.2. The Company's right to purchase this Warrant pursuant to this Section 8.2
shall be referred to hereinafter as the Company's "Call Right."

                           (d) Notwithstanding the foregoing, if on or prior to
the date twelve (12) months after the Call Payment Date (i) the Company
completes any public offering of its equity securities, (ii) the Company agrees
to complete a capital reorganization or any reclassification or recapitalization
of its capital stock, (iii) the Company or any Subsidiary or their stockholders
agrees to a consolidation or merger involving the Company or such Subsidiary and
any other Person, (iv) the Company or any Subsidiary agrees to effect a transfer
of all or substantially all the assets or capital stock of the Company or such
Subsidiary to another Person, (v) a majority of the stockholders on the date
hereof sells or agrees to sell in excess of 50% of the capital stock of the
Company or (vi) the Company agrees, submits or consents to any voluntary or
involuntary dissolution, liquidation or winding-up of the Company or any
Subsidiary (each of the foregoing events being referred to as an "Adjustment
Event"), then the Company shall pay to the Holder as additional compensation an
amount equal to the product of (a) the difference between the highest price per
share paid, to be paid or deemed received by the Person or Persons purchasing or
receiving Common Stock or assets in connection with such Adjustment Event (less
underwriting commissions and other appropriate costs and expenses) less the
Redemption Price paid to the holder multiplied by (b) the number of shares of
Common Stock issuable upon exercise of this Warrant immediately prior to the
Call Redemption Date.

                  8.3 Redemption Price. For purposes of this Section 8
"Redemption Price" means the greater of (i) the fair market value of the Warrant
as of the Put Demand Date or the Call Redemption Date, as applicable, and (ii)
the fair market value of the Warrant as of the Put Payment Date (or if the
Company fails to pay the Redemption Price on the Put Payment Date, the first day
following the Put Demand Period) or the Call Payment Date, as applicable, in
each case as determined by an Appraiser and based upon on independent valuation
of the Company. In arriving at its determination, the Appraiser shall base any
valuation upon, in the case of the Current Market Price of the Common Stock, the
Current Market Price of the Company assuming (a) the exercise of all outstanding
warrants, options or rights to subscribe for or purchase Common Stock (or other
securities) of the Company or other securities immediately exercisable or
convertible into Common Stock (or other securities) of the Company and (b) the
Company were sold as a going concern, without regard to the existence of any
control block, the anticipated impact upon current market prices of any such
sale, any discount for minority ownership or the lack or depth of a market for
the Common Stock, the Warrants or other

                                       15
<PAGE>   16

securities of the Company, or any other factors concerning the liquidity or
marketability of the Common Stock, the Warrants or other securities of the
Company.

         SECTION 9. Fractional Interests. The Company shall not be required to
issue fractional securities on the exercise of Warrants. If any fraction of a
security would be issuable on the exercise of Warrants, the Company shall pay to
the Holder of such warrants an amount in cash equal to the Current Market Price
of such fraction.

         SECTION 10. No Rights as a Stockholder; Notices to Holder. Nothing
contained in this Warrant Certificate shall be construed as conferring upon the
Holder the right to vote or to consent or to receive notice as a stockholder in
respect of any meeting of stockholders of the company for the election of the
directors of the Company or any other matter, or any rights whatsoever as a
stockholder of the Company. If, however, at any time prior to the exercise of
the Warrants evidenced by this Warrant Certificate, any of the following events
shall occur:

                           (a) the Company shall declare any dividend payable in
cash or in any securities upon its shares of Common Stock or make any
distribution to the holders of its shares of Common Stock;

                           (b) any issuance of any Common Stock, Convertible
Securities or option by the Company;

                           (c) a dissolution, liquidation or winding up of the
Company (other than in connection with a consolidation, merger, sale, transfer
or lease of all or substantially all of its property, assets and business as an
entirety) shall be proposed; or

                           (d) any consolidation or merger to which the company
is a party and for which approval of the holders of Common Stock is required, or
of the conveyance or transfer of all or substantially all assets of the Company
as, or substantially as, an entirety, or of any reclassification or change of
outstanding shares of Common Stock issuable upon exercise of the Warrant (other
than a change in par value to no par value, or from no par value to par value)
or as a result of a subdivision or combination,

then in any one or more of said events, the Company shall give to the Holder the
greater of 15 business days written notice and the number of days written notice
required to be given to stockholders with respect to such action prior to the
applicable record date hereinafter specified, stating (i) the date as of which
the holders of record of shares of Common Stock to be entitled to receive any
such dividends, rights or warrants are to be determined or (ii) the date on
which any such dissolution, liquidation, winding up, consolidation, merger,
conveyance or transfer is expected to become effective and the date as of which
it is expected that holders of record of shares of Common Stock shall be
entitled to exchange their shares of Common stock for securities or other
property, if any, deliverable upon such reclassification, consolidation, merger,
conveyance, transfer, dissolution, liquidation, or winding up or (iii) the time,
if any such time is to be fixed, as of which the holders of record of Common
Stock (or other securities) shall be entitled to exchange their shares of Common
Stock (or other securities) for the securities or other

                                       16
<PAGE>   17

property deliverable upon such reorganization, reclassification,
recapitalization, consolidation, merger, transfer, dissolution, liquidation or
winding-up and a description in reasonable detail of the transaction.

         SECTION 11. INTENTIONALLY OMITTED.

         SECTION 12. Notices. Any notice, except as provided in Section 8 of
this Warrant Certificate, or demand authorized by this Warrant Certificate to be
given by the Holder to the Company, shall be in writing and shall be delivered
in person or by facsimile transmission, or mailed by overnight courier, or
otherwise delivered to the Company, 380 St. Peter Street, St. Paul, Minnesota
55102-1302, attention of Chief Executive Officer. The Company may change the
address to which notices to it are to be delivered or mailed hereunder by notice
to the Holder.

         Any notice pursuant to this Warrant Certificate by the Company to the
Holder shall be in writing and shall be mailed by overnight courier or otherwise
delivered, to the Holder at its address set forth in the Warrant Register.

         Notices delivered personally shall be effective at the time delivered
by hand, notices sent by mail shall be effective when received, notices sent by
facsimile transmission shall be effective when confirmed and notices sent by
courier guaranteeing next day delivery shall be effective on the next business
day after timely delivery to the courier.

         SECTION 13. Amendment and Waiver. Any term, covenant, agreement or
condition in this Warrant Certificate may be amended, or compliance therewith
may be waived (either generally or in a particular instance and either
retroactively or prospectively), by a written instrument or written instruments
executed by the Company and the holders of such number of Warrants issued
pursuant to the Purchase Agreement as are exercisable for at least a majority of
all shares of Common Stock issuable pursuant to such Warrants and then unissued;
provided, however, that no such amendment or waiver shall change the number of
Warrant Shares issuable under the Warrants, change the Exercise Price, change
the period during which the Warrants may be exercised or modify any provision of
this Section 13 without the consent of the holders of all such Warrants then
outstanding.

         SECTION 14. Successors. All the covenants and provisions of this
Warrant Certificate by or for the benefit of the Company shall bind and inure to
the benefit of its respective successors and assigns hereunder.

         SECTION 15. Governing Law. This Warrant Certificate shall be construed
in accordance with and governed by the internal laws of the State of Minnesota
applicable to contracts executed and to be performed wholly within such state,
without regard to the principles of conflicts or choice of law.

         SECTION 16. Benefits of this Warrant Certificate. Nothing in this
Warrant Certificate shall be construed to give to any person or entity other
than the Company and the Holder and their respective successors and assigns any
legal or equitable right, remedy or claim under this

                                       17
<PAGE>   18

Warrant Certificate; and this Warrant Certificate shall be for the sole and
exclusive benefit of this Company and the Holder and their respective successors
and assigns.

         SECTION 17. Survival of Rights and Duties. Except for the provisions in
Section 8.2(d), this Warrant Certificate shall terminate and be of no further
force and effect on the earlier of 5:00 P.M. (New York City time) on the
Expiration Date or the date on which all of the Warrants have been exercised.

         SECTION 18. Agreement to be Bound. The Holder acknowledges and hereby
agrees to be bound by such terms and conditions of the Stockholders Agreement
and the Registration Rights Agreement which are applicable to the Holder. Any
and all Warrant Shares issued upon exercise hereof shall, immediately upon such
issuance, and without further action by or on behalf of the Holder or the
Company, become subject to such terms and conditions of the Stockholders
Agreement and the Registration Rights Agreement as are by their terms applicable
to such Warrant Shares.

         SECTION 19. Warrant Obligations Independent of Debt Obligations.
Pursuant to the Purchase Agreement, the Company has issued 12% Senior
Subordinated Notes due February 23, 2006 to the Purchasers. The obligations of
the Company and its Subsidiaries with respect to the Warrants are independent of
the obligations of the Company under the Senior Subordinated Notes, and such
obligations with respect to the Warrants shall remain valid and binding
notwithstanding the failure of performance of, or any breach by the Company or
its Subsidiaries with respect to their obligations under the Senior Subordinated
Notes.

         SECTION 20. Captions. The captions of the Sections and paragraphs of
this Warrant Certificate have been inserted for convenience only and shall have
no substantive effect.

         IN WITNESS WHEREOF, the Company has caused this Warrant Certificate to
be duly executed this ____ day of February, 2001.

                                                     LAWSON SOFTWARE, INC.

                                                     ---------------------------
                                                     Name:
                                                     Title:

Attest:

By:
      --------------------------
      Name:
      Title:

                                       18
<PAGE>   19

                          FORM OF ELECTION TO PURCHASE

(To Be Executed by the Holder if the Holder Desires to Exercise Warrants
Evidenced by the Foregoing Warrant Certificate)

To       Lawson Software, Inc. (the "Company"):

         The undersigned hereby irrevocably elects to exercise ________ Warrants
evidenced by the foregoing Warrant Certificate for, and to purchase thereunder,
_________ full shares of Common Stock issuable upon exercise of said Warrants
and (a)(i) delivery of $_______ in cash, (ii) delivery of Senior Subordinated
Notes of the Company owned by the Holder the principal amount thereof plus
accrued interest thereon to the date of surrender, is not less than the $ in
cash, and (b) delivery of any applicable taxes payable by the undersigned
pursuant to such Warrant Certificate.

         The undersigned requests that certificates for such shares be issued in
the name of _____________________________.

                                                   PLEASE INSERT SOCIAL SECURITY
                                                   OR TAX IDENTIFICATION NUMBER

                                                   -----------------------------

                                                   -----------------------------
(Please print name and address)
                                                   -----------------------------

         If said number of Warrants shall not be all the Warrants evidenced by
the foregoing Warrant Certificate, the undersigned requests that a new Warrant
Certificate evidencing the Warrants not so exercised be issued in the name of
and delivered to

--------------------------------------------------------------------------------
                         (Please print name and address)

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

                                              By:
                                                 -------------------------------
                                                 Name:
                                                 Title:
Dated:
       ---------------------

<PAGE>   20

                               FORM OF ASSIGNMENT

         FOR VALUE RECEIVED, _____________________________ hereby sells, assigns
and transfers to each assignee set forth below all of the rights of the
undersigned in and to the number of Warrants (as defined in and evidenced by the
foregoing Warrant Certificate) set opposite the name of such assignee below and
in and to the foregoing Warrant Certificate with respect to said Warrants and
the shares of Common Stock issuable upon exercise of said Warrants:

     Name of Assignee                 Address             Number of Warrants

         If the total of said Warrants shall not be all the Warrants evidenced
by the foregoing Warrant Certificate, the undersigned requests that a new
Warrant Certificate evidencing the Warrants not so assigned be issued in the
name of and delivered to the undersigned.

                                               By:
                                                  -----------------------------
                                                  Name:
                                                       -------------------------
                                                  Title:
                                                       -------------------------
Dated:
      ------------------------

<PAGE>   21

                            FORM OF CONVERSION NOTICE

                [To be executed only upon conversion of Warrant]

To Lawson Software, Inc. (The "Company")

         The undersigned registered holder of the within Warrant hereby
irrevocably converts such Warrant with respect to ______________ (1) shares of
the Common Stock which such holder would be entitled to receive upon the
exercise hereof, and requests that the certificates for such shares be issued in
the name of, and delivered to _____________, whose address is ______________.

Dated:
                                      ------------------------------------------
                                      (Signature must conform in all respects
                                      to name of holder as specified on the face
                                      of Warrant)

                                      ------------------------------------------
                                      (Street Address)

                                      ------------------------------------------
                                      (City)           (State)       (Zip Code)

----------
     (1) Insert here the number of shares called for on the face of this Warrant
(or, in the case of a partial exercise, the portion thereof as to which this
Warrant is being exercised), in either case without making any adjustment for
additional shares of Common Stock or any other stock or other securities or
property or cash which, pursuant to the adjustment provisions of this Warrant,
may be delivered upon exercise. In the case of a partial exercise, a new Warrant
or Warrants will be issued and delivered, representing the unexercised portion
of the Warrant, to the holder surrendering the Warrant.<PAGE>   1

                                                                   EXHIBIT 10.21

                             OFFICE LEASE AGREEMENT

                                     BETWEEN

                            RICE PARK ASSOCIATES LLC
                                   AS LANDLORD

                                       AND

                             LAWSON ASSOCIATES, INC.
                                    AS TENANT

                              DATE: AUGUST 8, 1997

<PAGE>   2

                             OFFICE LEASE AGREEMENT

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                               Page
                                                                                                               ----
<S>                                                                                                            <C>
Article 1 BASIC PROVISIONS.......................................................................................1

Article 2 EXHIBITS...............................................................................................2

Article 3 DEFINITIONS............................................................................................2

Article 4 GRANT OF LEASE.........................................................................................6

Article 5 RENT PAYMENT...........................................................................................7

Article 6 SERVICE CHARGES........................................................................................8

Article 7 OPERATING COST ADJUSTMENT..............................................................................8

Article 8 ADDITIONAL OCCUPANCY TAXES............................................................................10

Article 9 COMPLETION OF PREMISES................................................................................10

Article 10 OCCUPANCY OF PREMISES................................................................................11

Article 11 CARE OF PREMISES.....................................................................................11

Article 12 ALTERATIONS BY TENANT................................................................................12

Article 13 MECHANICS' LIENS.....................................................................................12

Article 14 USE OF PREMISES......................................................................................13

Article 15 PREMISES SIGNAGE.....................................................................................14

Article 16 TRADE FIXTURES.......................................................................................14

Article 17 ASSIGNMENT OR SUBLEASE BY TENANT.....................................................................15
</TABLE>

                                       ii
<PAGE>   3

<TABLE>
<S>                                                                                                           <C>
Article 18 SUBORDINATION........................................................................................16

Article 19 ACKNOWLEDGEMENT......................................................................................17

Article 20 INSURANCE............................................................................................17

Article 21 SURRENDER OF PREMISES................................................................................19

Article 22 QUIET ENJOYMENT......................................................................................19

Article 23 BUILDING OPERATION...................................................................................19

Article 24 RIGHTS RESERVED TO LANDLORD..........................................................................21

Article 25 ASSIGNMENT BY LANDLORD...............................................................................22

Article 26 CONDEMNATION.........................................................................................22

Article 27 DAMAGE TO BUILDING...................................................................................23

Article 28 HOLDING OVER.........................................................................................24

Article 29 LEGAL COSTS..........................................................................................24

Article 30 DEFAULT BY TENANT....................................................................................24

Article 31 LANDLORD DEFAULT.....................................................................................26

Article 32 INDEMNITY............................................................................................26

Article 33 WAIVER OF SUBROGATION................................................................................26

Article 34 SEVERABILITY.........................................................................................27

Article 35 WAIVER OF COVENANTS..................................................................................27

Article 36 NOTICES..............................................................................................27

Article 37 MISCELLANEOUS........................................................................................28
</TABLE>

                                       iii
<PAGE>   4

                             OFFICE LEASE AGREEMENT

DATE:       AUGUST 8, 1997

BETWEEN:    RICE PARK ASSOCIATES LLC
(address)   a Minnesota limited liability company
            c/o Frauenshuh Companies
            180 East Fifth Street, Suite 160
            Saint Paul, MN 55101                                    ("Landlord")

AND:        LAWSON ASSOCIATES, INC.
(address)   a Minnesota corporation d/b/a Lawson Software
            1300 Godward Street, N.E.
            Minneapolis, MN 55413-3004                              ("Tenant")

LOCATION:   LAWSON BUILDING
            Easterly Side of St. Peter Street between West
            Fifth and West Sixth Streets
            Saint Paul, Minnesota

         LANDLORD AND TENANT hereby covenant and agree as follows:

                                BASIC PROVISIONS

         1. (a) Premises. The second through fourth and eighth through
thirteenth floors of the Building as generally described on Exhibit C,
containing approximately 270,000 square feet of Rentable Area.

         (b) Delivery Date. As to any floor of the Premises, the date
Landlord delivers such floor finished to the extent that Tenant can commence and
carry out with reasonable efficiency Tenant's Work under Exhibit D. Landlord
will deliver each floor of the Premises on a sequential basis with to the extent
practicable one floor delivered approximately every two weeks, with a delay in
the sequence of approximately two weeks for each intervening floor which is
leased to others. The current estimate for delivery of the floors is attached as
Exhibit J.

         (c) Occupancy Date. As to any floor of the Premises, the date
the Building (including the common areas) is complete to such extent as to
permit reasonable occupancy of such floor or 120 days after the Delivery Date of
such floor, whichever is later. However, Tenant shall use commercially
reasonable efforts to complete construction of each floor of the Premises and
enter into occupancy of such floor within 90 days after the Delivery Date of
such floor.

         (d) Commencement Date. August 1, 2000.

         (e) Term. The period of 15 years beginning on the Commencement
Date.

<PAGE>   5

         (f) Use. Executive and general business offices, including but not
limited to office, conference and computer facilities, employee training,
employee and visitor cafeteria and dining area (including related kitchen
facilities), exercise facilities, and other legally permitted general business
office uses consistent with the character of a Class A office building.

         (g) Base Rent. $14.75 per year for each square foot of Rentable Area of
the Premises.

         (h) Landlord's Broker. Frauenshuh Companies

         (i) Tenant's Broker. TC Chicago Brokerage, Inc.

                                    EXHIBITS

         2. The exhibits to this document are incorporated by reference as a
part of this Lease, and consist of:

                  Exhibit A         Description of Land

                  Exhibit B         Building Regulations

                  Exhibit C         Plan of Premises

                  Exhibit D         Construction Procedures

                  Exhibit E         Additional Provisions

                  Exhibit F         Special Provisions

                  Exhibit G         Cleaning Schedule

                  Exhibit H         Examples of Sale Proceeds Calculations

                  Exhibit I         Development Contract

                  Exhibit J         Construction Schedule

                  Exhibit K         Storage Space Lease

                  Exhibit L         Auxiliary Space Lease

                  Exhibit M         Supplement to Lease

                  Exhibit N         City Parking Contract

                  Exhibit O         Master Lease

                  Exhibit P         Subordination Agreements

                                   DEFINITIONS

         3. In this Lease:

         (a) "Rent" means the aggregate of the Base Rent, Tenant's Share of
Estimated Operating Cost, Operating Cost Adjustment, and (subject to Article 17
of Exhibit E) all other amounts payable by Tenant to Landlord under this Lease.

         (b) "Preferred Rent" means the aggregate of the Base Rent and that part
of Tenant's Share of Estimated Operating Cost (and any Operating Cost
Adjustment) covering the cost of taxes, assessments, shortfall payments, and
insurance.

                                       2
<PAGE>   6

         (c) "Land" means the property described in Exhibit A.

         (d) "Building" means the building located or to be located on the Land
within which the Premises are located, and any areas and improvements servicing
such building for which Landlord may from time to time have obligations as owner
or lessee of the Project, such as skyways, lobby areas, access areas, arcades,
atriums, loading docks, public sidewalks, and other common areas.

         (e) "Project" means the Land, Building, and any equipment and personal
property of Landlord exclusively used on site in connection with the Land or
Building.

         (f) "Actual Operating Cost" means for any calendar year all costs
reasonably incurred by Landlord attributable to the maintenance, operation and
repair of the Project for such calendar year as determined by standard
accounting practices consistently applied, with customary accruals appropriate
to Landlord's business, calculated as though the Building were fully complete
and fully occupied, including but not limited to (i) all ad valorem real and
personal property taxes and special assessments (and interest thereon), general
and special, ordinary and extraordinary, assessed, levied, charged or imposed
upon or against the Project or Landlord's interest therein and all taxes,
excises, fees, charges, levies or assessments which are assessed, levied,
charged or imposed on Landlord in lieu of those taxes and assessments, provided
that real and personal property taxes for any calendar year will be the taxes
due and payable in such calendar year, and any special assessment payable in
more than one installment will be included in the Actual Operating Cost for any
calendar year only to the extent installments of such assessment (with interest)
would have been due and payable in such calendar year had such assessment been
paid in installments over the longest period available, whether or not Landlord
elects to pay it in such manner; (ii) any shortfall or other payments required
under any minimum assessment agreements, shortfall agreements or other
agreements which impose obligations on Landlord in respect of tax increment
financing; (iii) premiums for casualty, rent loss, public liability and other
insurance which Landlord maintains pursuant to Section 20(b); (iv) customary and
reasonable reimbursable expenses 20(b) in original payable to the manager of the
Project (including the reasonable office rent or rental value of any space in
the Project furnished by Landlord for use as the on-site management office),
plus management fee (or management overhead if Landlord does not engage a
separate property manager for the Project) in an amount equal to 2.5% of
Landlord's total revenue for the Building assuming the Building to be fully
leased at the average rentals payable by lessees in the Building; (v) accounting
and auditing costs for determination of Actual Operating Cost and any Operating
Cost Adjustment; (vi) all other costs which may be expensed rather than
capitalized incurred by Landlord in maintaining, operating and repairing the
Project; and (vii) capital expenditures, amortized using reasonable interest
charges over the useful life or estimated "pay-back" period reasonably
determined by Landlord for any repair, replacement or improvement to the Project
or purchase of equipment that (A) is incurred to improve the operating
efficiency or reduce the cost of owning, maintaining or operating the Project
(but only to the extent the amortized cost for such calendar year does not
exceed the estimated amount by which the Actual Operating Cost for such calendar
year is so reduced), or (B) at the time in question is required to comply with
any governmental law or regulation or insurance

                                       3
<PAGE>   7

         requirement that was not applicable to the Project prior to substantial
         completion of the Base Building Work under Exhibit D. Actual Operating
         Cost excludes, however, (i) capital expenditures not specifically set
         out in the preceding sentence; (ii) income or franchise taxes payable
         by Landlord except to the extent imposed in lieu of real or personal
         property taxes or special assessments; (iii) tenant improvements,
         leasing commissions, and advertising and marketing costs for leasing of
         space; (iv) costs (including, without limitation, permit, license and
         inspection fees) of any alterations, renovations, improvements or
         decorations made for specific tenants of the Project; (v) depreciation
         of the Project; (vi) principal or interest payments on any mortgages
         relating to the Project, lease rentals or expenses paid or payable on
         any ground or underlying lease (other than shortfall or other payments
         characterized as rent under the Master Lease which cover Landlord's
         obligations in respect of tax increment financing), or any fees
         (including attorneys' fees) and costs incurred in obtaining such
         mortgages or ground or underlying leases; (vii) costs of formation and
         operation of Landlord as a legal entity (as distinguished from the
         costs of operation of the Project) and defending Landlord's title to or
         interest in the Project, including, without limitation, attorneys fees;
         (viii) costs of the procurement, negotiation and enforcement of tenant
         leases, including, without limitation, attorneys' fees and brokers'
         commissions; (ix) the cost of correcting latent defects in the initial
         construction of the Building and the Building's elements and equipment
         except to the extent such items are repaired or replaced due to
         ordinary wear and tear or use; (x) the cost of installing, operating
         and maintaining any specialty facility or commercial concession
         operated by Landlord (such as an observatory; broadcasting facility,
         luncheon club, theater, cafeteria, or convenience store) other than the
         exercise facility described in Exhibit E; (xi) any advertising and
         promotional expenditures; (xii) executive salaries above the grade of
         General Manager of the Project and such portion of the salaries of
         off-site management personnel to the extent their duties include work
         on other buildings; (xiii) any interest, penalty charges or capital
         improvements incurred by Landlord due to the violation of any law
         existing as of the Commencement Date or failure to timely pay
         obligations of Landlord (whether or not the payment of such obligations
         is reimbursed through Actual Operating Cost), other than interest on
         special assessments, amortization of capital expenditures otherwise
         includable in Actual Operating Cost, and any interest and penalties
         which result from Tenant's failure to pay when due any Rent which has
         not been abated under the terms of this Lease; (xiv) expenses for which
         Landlord is reimbursed (net of cost of collection), including without
         limitation reimbursements from insurance or from Tenant or other
         tenants (such as reimbursement for repairs) or pursuant to contractors'
         or others' warranties or condemnation, but excluding those expenses
         reimbursed by Tenant or by other tenants in the form of payments of a
         share of the Actual Operating Cost; (xv) cost of repairs due to
         condemnation, except to the extent such costs would be includable in
         Actual Operating Cost if such repairs were made for reasons other than
         condemnation; (xvi) expenses incurred in connection with services
         (including special service from Landlord's employees) or other benefits
         of a type which are not available to Tenant, but which are available to
         another tenant of the Building; (xvii) any rental of equipment which if
         purchased would not be included in Actual Operating Cost, other than
         items such as scaffolding which are used on an occasional or sporadic
         basis in performing maintenance and repair; (xviii) any amount paid to
         any affiliate of Landlord for any item or service to

                                       4
<PAGE>   8

the extent it would exceed the reasonably competitive, cost or rate for such
item or service provided by unrelated parties determined as of the time the
contract or purchase order was made; (xix) any cost resulting from the gross
negligence of Landlord, its agents or employees; (xx) bad debt loss, rent loss,
or reserves therefor, provided that Actual Operating Cost will in any event
include the cost of rental and business interruption insurance; (xxi) special
assessments levied against the Project for any public improvements required to
be undertaken by a governmental authority pursuant to the Development Agreement
which would normally have been constructed by Landlord as part of the initial
construction of the Project; (xxii) amounts required to be escrowed by Landlord
as replacement, repair or similar reserves by any lessor under any ground or
underlying lease or holder of a mortgage or deed of trust on the Project, but
any amounts withdrawn from such escrow will be included in Actual Operating Cost
to the extent such amounts would have been includable in Actual Operating Cost
had they been funded from other sources; or (xxiii) the cost of initial
construction of the parking garage adjacent to the Building and any skyways or
other climate controlled pedestrian access crossing public streets adjacent to
the Building (except to the extent any such costs are covered by shortfall or
other payments required under any minimum assessment agreements, shortfall
agreements or other agreements which impose obligations on Landlord in respect
of tax increment financing).

         (g) "Estimated Operating Cost" means, for any calendar year, Landlord's
good faith estimate of the Actual Operating Cost for such year.

         (h) "Operating Cost Adjustment" means the difference between Tenant's
Share of Estimated Operating Cost and Tenant's Share of Actual Operating Cost
computed as set out in Article 7.

         (i) "Rentable Area" means the rentable area of the Premises or Building
determined as set out in the American National Standard Method for Measuring
Floor Area in Office Buildings, ANSI/BOMA Z65.1-1996. Landlord's calculation of
the Rentable Area will be subject to confirmation by Tenant's Space Planner, and
if Landlord or its architect cannot reach agreement with Tenant's Space Planner
the dispute will be submitted to a mutually selected architect for final
determination.

         (j) "Tenant's Share" means that portion of the Estimated Operating Cost
or Actual Operating Cost which the Rentable Area of the Premises bears to the
Rentable Area of the Building, except that (i) if a service is provided by
Landlord to tenants of the Building in their premises but is not provided by
Landlord in the Premises under this Lease, the cost of the service (except as it
relates to public areas and special service areas) shall be excluded from the
Estimated Operating Cost and Actual Operating Cost, or (ii) if a service is
provided by Landlord in the Premises but is not provided to another portion of
the Building, the divisor shall be the Rentable Area of that portion of the
Building in which the service is provided, or (iii) if the Premises or any other
portion of the Project is exempt from any real estate or other tax or
imposition, the exempt portion shall not be included in the Rentable Area of the
Building in determining Tenant's Share of such tax or imposition, but such
exclusion shall not apply to any shortfall or other payments

                                       5
<PAGE>   9

required under any minimum assessment agreements, shortfall agreements or other
agreements which impose obligations on Landlord in respect of tax increment
financing.

         (k) "Event of Default" means an event described in Section 30(a).

         (l) "Master Lease" means the Lawson Development Lease Agreement of even
date herewith, between the Housing and Redevelopment Authority of the City of
Saint Paul, Minnesota, as lessor, and Landlord, as lessee, a copy of which is
attached as Exhibit O.

         (m) "Prime Mortgage" means the Combination Mortgage, Security Agreement
and Fixture Financing Statement of even date herewith, between the Housing and
Redevelopment Authority of the City of Saint Paul, Minnesota, as mortgagor, and
First Trust National Association, as mortgagee (the "Initial Mortgage"),
together with the Trust Indenture, Assignment of Leases and Rents, UCC-1
Financing Statements and other documents related to such financing, each of even
date herewith, or any extension or replacement of the Initial Mortgage and
related documents as may occur while the Housing and Redevelopment Authority of
the City of Saint Paul, Minnesota, is the mortgagor under such replacement
financing

         (n) "Development Contract" means the Development and Disbursing
Agreement of even date herewith, among Landlord, the Housing and Redevelopment
Authority of the City of Saint Paul, Minnesota, Tenant, and St. Paul Fire and
Marine Insurance Company, a copy of which is attached as Exhibit I.

         (o) "Subordination Agreements" means the Estoppel, Subordination,
Non-Disturbance and Attornment Agreement of even date herewith, between the
Housing and Redevelopment Authority of the City of Saint Paul, Minnesota, and
Tenant, and the Estoppel, Subordination, Non-Disturbance and Attornment
Agreement of even date herewith between First Trust National Association, and
Tenant, copies of which are attached as Exhibit P.

         (p) "business day" means any day other than (i) a Saturday or Sunday,
(ii) a public holiday under the laws of the jurisdiction of the principal
corporate trust office of First Trust National Association or other day on which
banking institutions are authorized or obligated to remain closed in the
jurisdiction of the principal corporate trust office of First Trust National
Association, (iii) a day on which banking institutions in Saint Paul, Minnesota,
are authorized or obligated to remain closed, or (iv) a day on which the New
York Stock Exchange is closed.

                                 GRANT OF LEASE

         4. Landlord hereby leases the Premises to Tenant and Tenant hereby
accepts the Premises from Landlord to have and to hold during the Term, subject
to the terms and conditions of this Lease.

                                       6
<PAGE>   10

                                  RENT PAYMENT

         5. (a) Tenant shall pay the Rent in lawful money of the United States
to Landlord at the address set out in the heading of this Lease or at such other
place as Landlord from time to time designates (subject in any event to the
terms of the Master Lease providing for payment of the Preferred Rent to a
trustee or as otherwise directed by the lessor), without demand and (except with
respect to Rent not constituting Preferred Rent, or as expressly provided in
Article 26 and, following the Preferred Period, Exhibit F of this Lease) without
any reduction, abatement, counterclaim or setoff, as follows:

                  (i) Base Rent shall be paid in advance and without notice on
         or before the first day of each month during the Term commencing on the
         Commencement Date (or such earlier date as may apply under Section
         10(a)) in monthly installments, each equal to one-twelfth of the annual
         Base Rent.

                  (ii) Prior to the Commencement Date and prior to the beginning
         of each calendar year thereafter Landlord shall compute and deliver to
         Tenant a statement of the Estimated Operating Cost for such calendar
         year and the monthly payments as would fully recover Tenant's Share of
         the Estimated Operating Cost in such calendar year. From time to time
         (but not more often than once in any calendar year), Landlord may
         compute and deliver to Tenant an updated statement of the Estimated
         Operating Cost for such year and the monthly payments for the remainder
         of the calendar year as would fully recover Tenant's Share of Estimated
         Operating Cost as so revised. Tenant's Share of Estimated Operating
         Cost shall be paid in advance and without further notice on the first
         day of each month during the Term commencing on the Commencement Date
         (or such earlier date as may apply under Section 10(a)) in monthly
         installments, each based on Landlord's most current statement.

                  (iii) If the Term begins on other than the first day of a
         month or ends on other than the last day of a month, the monthly
         installment of Base Rent and Tenant's Share of Estimated Operating Cost
         for that month shall be prorated based on the number of days in such
         month and paid in advance.

                  (iv) Subject to the terms of Article 17 of Exhibit E, other
         amounts due and payable under this Lease shall be paid within 20 days
         following notice of the charge, unless a different time for payment is
         specified in this Lease.

                  (v) Landlord will endeavor to provide Tenant with monthly
         invoices of Rent payable, but failure to provide such invoices shall
         not affect Tenant's obligation to make such payments on a timely basis.

         (b) All amounts payable by Tenant to Landlord under this Lease shall be
deemed Rent and (subject to Article 17 of Exhibit E) Landlord shall have all
rights against Tenant for default in any payment as in the case of arrears of
rent. The obligation of Tenant to pay Rent accruing prior to the expiration or
earlier termination of this Lease and the obligation of either party to pay any
amounts under Articles 29, 30, or 31 or under Exhibit F, or to pay any

                                       7
<PAGE>   11

damages otherwise applying due to a default of this Lease or arising out of any
indemnities set out in this Lease, shall survive the expiration or earlier
termination of this Lease.

         (c) Tenant acknowledges that the Preferred Rent payable under this
Lease is security for the Landlord, the lessor under the Master Lease and the
holder of the Prime Mortgage, and affirms that (subject to the provisions of
Exhibit F) Tenant's obligation to pay such Preferred Rent shall be absolute and
unconditional without deduction, setoff or counterclaim, including during any
period when the Premises may be rendered untenantable or unusable due to damage
to or destruction of the Building, any reduction, interruption or termination of
services to the Premises, or any interference with Tenant's use of the Premises.
Except as specifically provided in Articles 26, 27, and 30, Section 2(b) of
Exhibit D, and Exhibit F of this Lease, this Lease shall not terminate nor shall
Tenant have any right to terminate this Lease or be released or discharged from
any obligations or liabilities hereunder for any reason and Tenant shall remain
obligated under this Lease in accordance with its terms and will not take any
action to terminate, rescind or avoid this Lease for any reason.

                                 SERVICE CHARGES

         6. Any Rent not paid within five business days after it becomes due
shall bear interest from the date due to the date paid at 3% per annum above the
"base," "prime" or "reference" rate announced in the "Money Rates" column of the
Wall Street Journal from time to time or 1% per annum over the Series A Interest
Rate payable under the Prime Mortgage, whichever is greater, but in no event
greater than the highest rate permitted by law. If the Wall Street Journal
discontinues publication or ceases announcing the applicable interest rate or
the applicable published rate no longer reflects the cost of borrowing by
commercial borrowers of good credit standing, Landlord shall substitute an index
or procedure which reasonably reflects and monitors commercial borrowing costs.

                            OPERATING COST ADJUSTMENT

         7. (a) If Tenant's Share of Actual Operating Cost for any calendar year
during the Term exceeds Tenant's Share of Estimated Operating Cost for the
calendar year, Tenant shall pay to Landlord a sum equal to the difference
between Tenant's Share of Actual Operating Cost for the year and Tenant's Share
of Estimated Operating Costs for the year. If Tenant's Share of Estimated
Operating Cost for any calendar year during the Term exceeds Tenant's Share of
Actual Operating Cost for the calendar year, Landlord shall pay to Tenant a sum
equal to the difference between Tenant's Share of Estimated Operating Cost for
the year and Tenant's Share of Actual Operating Cost for the year. If this Lease
does not begin or end at the first day of a calendar year, the Operating Cost
Adjustment for the year will be adjusted accordingly.

         (b) Within a reasonable period after the end of each calendar year,
Landlord shall give written notice to Tenant of any Operating Cost Adjustment.
The notice shall contain or be accompanied by an itemized statement setting out
the expenses included in the Actual Operating Cost for that calendar year, and a
computation of the Operating Cost Adjustment. Tenant shall pay to Landlord any
amount due under this Article within 30 days after delivery of

                                       8
<PAGE>   12

the annual notice, but failure to so notify Tenant within a reasonable period
after any calendar year for which additional rent is due shall not release
Tenant from paying nor diminish Tenant's obligation to pay such amount. Landlord
shall pay Tenant any amount due under this Article within 30 days after delivery
of the annual notice.

         (c) Landlord shall keep and maintain records from which Actual
Operating Cost and any Operating Cost Adjustment for each calendar year may
reasonably be determined. Tenant or its designated representative may at
Tenant's cost, after entering into a confidentiality agreement in form
reasonably designated by Landlord, examine Landlord's records relating to the
Actual Operating Cost. Such examination shall be made during normal business
hours upon reasonable prior written notice to Landlord. The Actual Operating
Cost and Operating Cost Adjustment for any calendar year as set out in
Landlord's notice of Operating Cost Adjustment shall be considered as final and
binding except to the extent of any written exception delivered by Tenant to
Landlord within 12 months of Tenant's receipt of the annual notice from Landlord
for such calendar year. The written exception shall specify the items of Actual
Operating Cost or calculation of Operating Cost Adjustment to which exception is
made and the reason for such exception. If Tenant claims a written exception to
the Actual Operating Cost or Operating Cost Adjustment, Tenant shall provide
Landlord with a copy of the results of its examination. No examination of
Landlord's records or written exception made by Tenant shall extend the due date
of any payment by Tenant of Operating Cost Adjustment or any other amount due
under this Lease.

         (d) If Landlord disputes any written exception to the Actual Operating
Cost or calculation of Operating Cost Adjustment, Landlord and Tenant shall in
good faith attempt to resolve the dispute. If not resolved within 60 days of
receipt of the written exception, the dispute will be resolved by a mutually
acceptable nationally recognized accounting firm. If Tenant's written exception
is not disputed by Landlord or if resolution of any dispute establishes that
Tenant's Share of Actual Operating Cost or the Operating Cost Adjustment for any
year has been overstated, Landlord shall promptly refund to Tenant the amount of
the overstatement.

         (e) If Tenant's written exception claims that Tenant's Share of Actual
Operating Cost for any calendar year has been overstated by 3% or more and
Landlord does not dispute such exception, or if Landlord disputes such exception
and the resolution of such dispute reasonably establishes that Tenant's Share of
Actual Operating Cost for such calendar year has been overstated by 3% or more,
Landlord shall promptly reimburse Tenant the reasonable out-of-pocket cost of
Tenant's examination (excluding any "contingency" fee which is measured by the
reduction in Actual Operating Cost from that set out in Landlord's statement).
If Landlord and Tenant mutually engage an accounting firm to resolve any
disputed amount, Landlord shall pay that proportion of the cost of the services
of such accounting firm which any reduction of the disputed amount as determined
by the accounting firm bears to the total amount in dispute. Accordingly, if
Landlord's notice shows the cost of a line item to be $100.00, Tenant's
exception claims that the cost of such line item should be $90.00, and Landlord
concedes in negotiation that the cost of such line item should be $96.00 but
Tenant holds to its claim that the cost should be $90.00, then the parties will
submit the amount in dispute ($96.00-$90.00=$6.00) to an accounting firm for
resolution. If the accounting firm determines that the actual cost of such line
item should be $94.00 (a reduction of $2.00 out of the total of $6.00 in
dispute), then Landlord

                                       9
<PAGE>   13

will be responsible for one-third (1/3) of the cost of the accounting firm and
Tenant will be responsible for the remaining two-thirds (2/3) of the cost of the
accounting firm.

         (f) Subject to the terms of any minimum assessment agreement, shortfall
agreement or other agreements which impose obligations on Landlord in respect of
tax increment financing, Landlord and Tenant will cooperate in maintaining an
equitable assessed valuation for the Project. Any reasonable real property tax
consultant expenses and attorneys' fees incurred by Landlord for such purpose
will be included in Actual Operating Cost. Tenant will have the right with the
prior written consent of Landlord (which will not be unreasonably withheld so
long as the contest is permitted under and carried out in accordance with the
minimum assessment agreement, shortfall agreement, or other agreements which
impose tax obligations on Landlord and under any mortgages, deeds of trust, and
ground or underlying leases on the Project) to contest the assessed valuation of
the Project and any real property taxes and assessments which may be imposed on
or against the Project or Landlord's interest therein. It shall not be
unreasonable for Landlord to withhold consent if Landlord believes that the
valuation or any tax or assessment may be increased as a result of such contest,
unless Tenant (and any other tenant who may desire to join in such contest)
agrees to pay the entire amount of any such increase and provides Landlord with
reasonable security to cover such eventuality. Tenant shall promptly furnish to
Landlord copies of any applications, notices, pleadings, correspondence,
reports, information and other documents relating to such contest. If Landlord
recovers any taxes due to a contest brought by Landlord, Tenant or any other
tenant, Landlord (after deducting from such refund any costs incurred by
Landlord in connection with such contest which have not been recovered from
Tenant or other tenants in the form of payments of a share of the Actual
Operating Cost) will reimburse from such refund the reasonable out-of-pocket
cost of Tenant and any other tenant in contesting such tax. Only the amount
remaining after such payments will be credited against the Actual Operating
Cost.

                           ADDITIONAL OCCUPANCY TAXES

         8. Tenant shall pay to Landlord the amount of any taxes (other than
income tax), excises, charges, levies, fees or assessments payable by Landlord
upon or by reason of any Rent reserved to Landlord, the renting of any part of
the Project to Tenant, Tenant's use or occupancy of any part of the Project, or
any fixture or personal property in the Premises which belongs to Tenant or any
subtenant or occupant of the Premises, but not including any penalties or
interest payable by Landlord with such taxes unless Tenant was late in paying
such taxes to Landlord. Tenant may contest any such taxes in the same manner and
subject to the same restrictions as apply under Section 7(f).

                             COMPLETION OF PREMISES

         9. The Premises shall be completed in accordance with the Construction
Procedures set out in Exhibit D.

                                       10
<PAGE>   14

                              OCCUPANCY OF PREMISES

         10. (a) Upon the Delivery Date for each floor of the Premises, Tenant
shall have access to such floor pursuant to Exhibit D to complete the floor for
occupancy. All of the provisions of this Lease apply during the period of
Tenant's access prior to the Occupancy Date, except that Tenant shall have no
obligation to pay Base Rent, Tenant's Share of Estimated Operating Cost, or
Operating Cost Adjustment for any floor until the Occupancy Date for such floor
or the Commencement Date, whichever first occurs. From the Occupancy Date of
such floor to the Commencement Date, Tenant shall pay Base Rent at the rate of
$14.75 per year for each square foot of Rentable Area and Tenant's Share of
Estimated Operating Cost (and shall be responsible for any Operating Cost
Adjustment). However, if Tenant takes possession of any part of the Premises for
normal day-to-day conduct of business prior to the Occupancy Date, Tenant will
also pay such Rent for such part of the Premises from the date of Tenant's
possession to the Occupancy Date.

         (b) Upon the Commencement Date, Landlord and Tenant shall execute a
supplement to this Lease in substantially the form attached as Exhibit M
confirming the Commencement Date, Term, Rentable Area of the Premises, and Base
Rent payable during the initial Term under this Lease.

         (c) If the Occupancy Date has not occurred by the Commencement Date,
this Lease shall not be void or voidable, and Landlord shall not be liable to
Tenant for any loss or damage resulting from the failure to deliver except as
otherwise set out in Exhibit F. Tenant shall pay Preferred Rent for the period
from and after the Commencement Date as though Tenant were in occupancy of the
Premises, but that part of Tenant's Share of Estimated Operating Cost or any
Operating Cost Adjustment which is not included in Preferred Rent shall not be
payable for the period prior to the Occupancy Date except as set out in the last
sentence of Section 10(a).

                                CARE OF PREMISES

         11. (a) At its expense, Tenant shall keep the interior portions and
entrance of the Premises in good order and condition (taking into account such
ordinary wear and tear as may be consistent with a Class A office building),
including but not limited to (i) maintaining the Premises in a clean and
sanitary condition, consistent with a Class A office building, and (ii)
maintaining and repairing all mechanical, electrical, and plumbing systems,
facilities, and equipment and non-structural improvements installed by Tenant
for the Premises, other than the work performed by Landlord and the items
furnished by Landlord as part of the Base Building Work under Exhibit D.

         (b) If Tenant fails to perform any work set out in this Article,
Landlord may enter the Premises and perform the work. Except in an emergency,
such entry shall be on not less than 30 days' prior written notice (or if such
work reasonably requires more than 30 days to perform, upon failure of Tenant to
commence such work within such 30-day period or thereafter perform such work
with all due diligence), or such shorter period as may be required for Landlord
to comply with the terms of any mortgage, deed of trust, or ground or underlying
lease.

                                       11
<PAGE>   15

If Landlord performs the work, Tenant shall pay to Landlord upon invoice the
cost of the work, plus 15% for Landlord's overhead and coordination.

                              ALTERATIONS BY TENANT

         12. Tenant shall not make or allow to be made any alteration, addition
or improvement to the Premises without first obtaining Landlord's written
consent. However, no consent will be required for any alteration, addition or
improvement to the Premises which will cost less than $25,000 in the aggregate
or for any carpet, paint, or cosmetic changes within the Premises, so long as
such work does not materially affect the structural, mechanical, electrical,
plumbing or life-safety systems or facilities or the elevator lobby and provided
Landlord is given at least 15 days advance written notice specifying such work
and the work is otherwise carried out in conformance with this Lease. All work
shall be performed at Tenant's expense in a first class skillful manner by one
or more licensed, bonded contractors approved by Landlord whose labor will work
in harmony with other labor working in the Building. Tenant shall be responsible
for the payment of any out-of-pocket third party expense incurred by Landlord in
connection therewith. Tenant shall cause each contractor to carry workers'
compensation insurance in accordance with statutory requirements and
comprehensive public liability insurance, with Landlord named as an additional
insured, in amounts customarily maintained by reputable commercial contractors
performing such work, and shall submit evidence of the coverage to Landlord
prior to commencement of the work. Any alteration, addition or improvement
(other than movable equipment, furniture and other trade fixtures and personal
property owned by Tenant) made to the Premises at Landlord's expense, whether
pursuant to a construction allowance or otherwise, shall at once become the
property of Landlord and all other such alterations, additions or improvements
shall become the property of Landlord upon expiration or termination of this
Lease. Any such alterations, additions or improvements (other than movable
equipment furniture and other trade fixtures and personal property subject to
Article 16) shall be surrendered to Landlord upon expiration or earlier
termination of this Lease, except for any items which Landlord has agreed in
writing at the time such items are installed may be removed by Tenant at
expiration or termination of the Lease.

                                MECHANICS' LIENS

         13. (a) Tenant will not permit any liens to stand against the Premises
or the Project for any labor, skill, material or equipment furnished or claimed
to be furnished to or on account of Tenant in connection with any work in or
about the Premises. Tenant shall give notice to Landlord of the filing of any
such lien within five business days of Tenant's receipt of it and shall cause it
to be discharged within 30 days of its filing. If Tenant fails to so discharge
the lien, Landlord may (but will not be obligated to) discharge the lien by
paying the amount claimed to be due, and the amount paid and all Landlord's
expenses including reasonable attorneys' fees shall be paid by Tenant to
Landlord.

         (b) Notwithstanding anything in Section 13(a) to the contrary, so long
as an Event of Default is not continuing under this Lease and the mortgages,
deeds of trust and ground and underlying leases on the Project permit contest of
mechanics' liens, Tenant may in good

                                       12
<PAGE>   16

faith contest any mechanics' lien or claim thereof upon notification to Landlord
of its intent and within 30 days of filing of the lien providing Landlord with a
bond or other security reasonably satisfactory to Landlord in an amount not less
than 120% of the claim plus the interest which Landlord estimates will accrue
thereon during the pendency of such contest, or complying with such statutory
procedures as may be available to release the lien. If Tenant fails to satisfy
such lien claim upon entry of final judgment or in the reasonable opinion of
Landlord the Project or any part thereof or Landlord's interest therein is or
becomes subject to loss or forfeiture, Landlord may use the security to pay such
claim or otherwise obtain a discharge or release of the lien and to pay
Landlord's expenses in connection therewith.

                                 USE OF PREMISES

         14. (a) Tenant shall not occupy or use the Premises or permit them
to be occupied or used for any purpose other than the Use set out in Article 1,
or in a manner which is unlawful, disreputable or creates any nuisance or fire
hazard or which would invalidate or increase the rate for insurance coverage on
the Building or its contents or which would unreasonably interfere with, annoy,
or disturb any employee or occupant of the Premises, any other tenant in the use
of its premises, or the Landlord in the operation of the Building. Landlord
shall permit smoking of tobacco products by employees and visitors in the
Premises under the terms and conditions set out in Exhibit E, and may permit
smoking of tobacco products in other premises in the Building in accordance with
applicable law and such reasonable safety, comfort and cleanliness regulations
as may from time to time be adopted by Landlord.

         (b) Tenant shall comply with all laws, ordinances, orders, rules and
regulations ("Applicable Laws") relating to the use, condition or occupancy of
the Premises, including without limitation the provisions of the Americans with
Disabilities Act relating to accessibility within the Premises. However, Tenant
shall not be required to make any improvements or alterations to comply with
Applicable Laws unless related to Tenant's specific manner of use or occupancy
of the Premises (as distinguished from use or occupancy of the Building by
office tenants generally) or to any improvements or alterations voluntarily
undertaken by Tenant or to Tenant's unique status under Applicable Laws. Tenant
shall comply with the rules and regulations set out in Exhibit B and any other
rules and regulations not abrogating the terms of this Lease which are adopted
by Landlord from time to time in good faith for the safety, care and cleanliness
and preservation of good order in the Premises and the Building.

         (c) Tenant shall not cause or permit the storage, use, generation, or
disposition of any explosives, radioactive materials, asbestos, urea
formaldehyde, polychlorinated biphenyl, petroleum products, or other dangerous,
toxic or hazardous substances in or about the Premises (other than the storage
and use in full compliance with all laws and regulations of incidental amounts
of such common hazardous materials as may be reasonably required for the normal
operation of Tenant's business in the Premises). Landlord will indemnify and
hold harmless Tenant from and against all costs, liabilities, claims and
expenses (including reasonable attorneys' fees) incurred by Tenant as a result
of claims by third parties arising out of the presence of any hazardous
materials in the Project in violation of any applicable governmental laws,
orders, rules or regulations in effect as of the date of this Lease unless the
presence of such

                                       13
<PAGE>   17

hazardous materials resulted from the actions or inactions of Tenant or other
tenants or occupants of the Project.

         (d) Landlord will design and construct the Building such that
any facilities and equipment included in the Base Building Work under Exhibit D
will not produce electromagnetic field ("EMF") radiation that is measured at a
level of 10 milliGauss or higher in the Premises, and will not engage in and
will use commercially reasonable efforts (including imposing this same
requirement on other tenants by the Building regulations or other provisions of
Building leases) to prevent any activity on or within the Project which produces
EMF radiation exceeding such level (such level of radiation referred to herein
as "Excessive Radiation"). If any such Excessive Radiation occurs on or within
the Premises and is caused by or is or was otherwise within the control of the
Landlord, Landlord, after written notice from Tenant, shall at its expense use
all reasonable efforts to eliminate the source or reduce it by shielding or
other means to a level which eliminates Excessive Radiation in the Premises. If
shielding or other means is used to eliminate Excessive Radiation in the
Premises, Tenant and Landlord shall cooperate in the method employed to minimize
physical intrusion into the Premises or material interference with Tenant's use
of the Premises. Tenant agrees that it will abide by and cause any subtenants or
occupants of the Premises to abide by any regulations or other provisions
generally required of tenants in the Building proscribing any activity in the
Project which produces EMF radiation that is measured at a level of 10
milliGauss or higher in any part of the Project.

                                PREMISES SIGNAGE

         15. Any sign, advertisement, design or other graphic on or about the
windows, doors or elevator lobbies of the Premises which are visible from
outside the Premises is subject to Landlord's approval. It shall conform to the
uniform pattern of identification signs for tenants as prescribed by Landlord.
Any such graphic not approved may be removed by Landlord without liability to
Tenant for any loss or damage Tenant may incur. If so removed, Tenant shall pay
to Landlord the reasonable cost of removal and restoration. Landlord shall
provide Building standard directional signage for each multi-tenant floor of the
Building on which Tenant occupies space.

                                 TRADE FIXTURES

         16. Movable equipment, furniture and other trade fixtures and personal
property owned by Tenant and installed in the Premises remain Tenant's property.
Any such property may be removed by Tenant in the ordinary course of its
business and shall be removed at the expiration or earlier termination of this
Lease. Tenant shall promptly repair at its expense any damage to the Premises or
any other part of the Building caused by the removal of the property.

                                       14
<PAGE>   18

                        ASSIGNMENT OR SUBLEASE BY TENANT

         17. (a) Tenant shall not assign or otherwise transfer this Lease
or any interest in this Lease, nor sublet all or any part of the Premises, nor
permit occupancy of the Premises by anyone other than Tenant without Landlord's
prior written consent, which shall not be unreasonably withheld or delayed. If
Tenant is a corporation, limited liability company or partnership, transfer of
effective control of the Tenant constitutes an assignment under this Article.
The transfer of effective control will not include any transfer of stock by
shareholders of Tenant to family members or trusts resulting from personal
estate or tax planning or sale of the outstanding capital stock of Tenant in a
public offering so long as there is no significant change in the management of
the Tenant in connection therewith or arising therefrom. In determining whether
to give consent, Landlord may consider all relevant factors, including but not
limited to covenants made by Landlord in any ground or underlying lease,
financing agreement, or master agreement and the financial background and status
and business history of the proposed assignee, sublessee or occupant. Consent by
Landlord to any assignment of this Lease or any subletting of the Premises shall
not operate as a waiver of Landlord's rights under this Article. No assignment
or subletting shall release Tenant of any of its obligations or waive any of
Landlord's rights under this Lease. The acceptance of rent from someone other
than Tenant shall not be deemed to be a waiver of any of the provisions of this
Lease or consent to any assignment of this Lease or subletting of the Premises.

         (b) To the extent permitted under applicable law, neither Tenant's
rights nor Tenant's interest in this Lease shall pass to any trustee or receiver
in bankruptcy or assignee for the benefit of creditors, or by operation of law,
without the prior written consent of Landlord which consent may be withheld in
Landlord's sole and absolute discretion.

         (c) Landlord hereby consents to the assignment of this Lease or
sublease of all or part of the Premises to an Affiliate of Tenant or to a
purchaser of all or substantially all of the assets and business of Tenant or to
a company which results from a consolidation or merger with Tenant, so long as
(i) Tenant promptly provides Landlord with a fully executed copy of such
assignment or sublease, and (ii) the assignor and assignee under any such
assignment each agree in writing with Landlord, the lessor under the Master
Lease, and the holder of the Prime Mortgage to remain directly and primarily
liable for payment of the Rent and performance of all other obligations under
this Lease, and (iii) in the case of a purchase only, the purchaser under any
such assignment has a net worth after such event (after deducting the value of
patents, copyrights, franchises, trademarks and goodwill) exceeding the net
worth of Tenant as of the date of this Lease or the date of such assignment,
whichever is greater, and (iv) the assignment or subletting is otherwise in
compliance with this Article. As used herein, an "Affiliate" means an entity
controlling, controlled by or under common control with Tenant, where "control"
of an entity means the direct or indirect ownership of a majority of the voting
and economic interests of such entity.

         (d) Tenant shall not sublet more than 30,000 square feet of Rentable
Area in the aggregate to any one or more parties who are not Affiliates unless
Tenant shall first offer in writing to sublet each such space to Landlord. Such
writing shall identify the space being offered and the term for which Tenant
desires to sublet such space, including any renewal

                                       15
<PAGE>   19

periods. If Landlord accepts such first offer within 15 days after receipt of
it, Tenant shall sublet the specified space to Landlord for the specified period
(including any renewal periods) on the same terms and conditions as this Lease
except (i) the rent payable by Landlord shall be for the same rent as is payable
under this Lease (reduced pro rata if the sublease is for less than all of the
Premises), (ii) Landlord may further sublet the space without Tenant's consent
for any of the Uses permitted under this Lease, without offering to sublet the
space to Tenant and without obligation to pay to Tenant any excess rent or other
consideration received from any such subletting, and (iii) Landlord may make any
changes, additions, alterations or improvements to such space with Tenant's
consent. If such sublease to Landlord is for substantially less than the
remainder of the Term and Tenant desires to reoccupy the space upon expiration
of such sublease, Landlord shall at Tenant's reasonable request restore the
space to its prior condition at the expiration of such sublease. If Landlord
does not accept such offer, Tenant may at any time within six months thereafter
sublet all or part of such space on such terms and conditions as Tenant deems
advisable, but subject to the other terms and conditions pertaining to
subletting by Tenant under this Article.

         (e) Tenant shall reimburse Landlord for any costs and legal fees
reasonably incurred by Landlord in connection with any proposed transfer or
sublease not in excess of $1,500 for each such event. Except for any assignment
or sublease described in Section 17(c) or a transfer of effective control of
Tenant which is deemed to be an assignment under Section 17(a), Tenant shall
also pay over to Landlord upon receipt 50% of any rent or other consideration
received by Tenant in connection with any such sublease which (after deducting
the out-of-pocket cost to Tenant, if any, in effecting the sublease, including
reasonable alteration costs, commissions and legal fees) is in excess of the
Rent for the comparable period (or, if the sublease is for less than all of the
Premises, in excess of the pro rata portion of the Rent for the comparable
period) and 50% of any consideration received by Tenant in connection with any
other transfer or this Lease (after deducting the out-of-pocket cost to Tenant,
if any, in effecting the transfer).

         (f) No transfer of this Lease shall be effective unless it is in
compliance with this Article and the transferor and transferee have each agreed
with Landlord in writing to perform and comply with all of Tenant's obligations
under this Lease. No subletting of all or any part of the Premises shall be
effective unless it is in compliance with this Article and the subtenant has
agreed with Landlord in writing to attorn to Landlord at Landlord's written
request upon any termination of this Lease prior to the expiration of the
sublease.

                                  SUBORDINATION

         18. (a) This Lease is subject and subordinate to the Master Lease and
Prime Mortgage and any renewal, modification, consolidation, replacement or
extension thereof, subject to the terms of the Subordination Agreements.

         (b) This Lease shall be subject and subordinate to any other ground or
underlying leases hereafter affecting all or any part of the Project and to the
lien of any other mortgages or deeds of trust in any amount hereafter placed on
all or any part of the Project or on any interest in the Project, and any
renewal, modification, consolidation, replacement or

                                       16
<PAGE>   20

extension of any of those encumbrances. However, any such subordination shall
not be effective unless the holder of such encumbrance has delivered to Tenant a
recordable written agreement substantially in the form of the Subordination
Agreements or otherwise reasonably satisfactory to Tenant that this Lease and
all Tenant rights under this Lease shall not be disturbed by such holder so long
as an Event of Default is not continuing under this Lease. Moreover, if the
holder of any first mortgage or first deed of trust on the Project so elects,
this Lease shall in whole or in part be deemed prior in lien to such first
mortgage or first deed of trust regardless of the date of recording. Tenant
shall within 20 days after Tenant's receipt of Landlord's written request
execute and deliver without further consideration any instruments reasonably
requested by Landlord or the lessor of any ground or underlying lease or holder
of any mortgage or deed of trust on the Project and consistent with the terms
and conditions of this Lease evidencing the priority or subordination of this
Lease to such ground or underlying lease or to the lien of such mortgage or deed
of trust.

         (c) Tenant shall upon the request of the successor in interest of
Landlord arising from termination of any ground or underlying lease or
repossession in lieu of termination, or foreclosure of any mortgage or deed of
trust or conveyance in lieu of foreclosure, whether voluntary or by operation of
law, attorn to and become the tenant of the successor in interest, but (except
as may otherwise be expressly provided in the Subordination Agreements) such
successor in interest shall not be liable for any act or omission of Landlord,
or subject to any offsets or defenses Tenant may have against Landlord, or bound
by any prepayment of Rent more than one month in advance, or bound by any
amendment or modification of this Lease made without the consent of the lessor
of the ground or underlying lease or holder of the mortgage or deed of trust
following the date such lease, mortgage or deed of trust (as the case may be) is
recorded.

                                 ACKNOWLEDGEMENT

         19. Within 20 days after the written request of Landlord or Tenant, the
other party will execute, acknowledge and deliver a statement addressed to the
requesting party or any prospective mortgagee, assignee, transferee or others
designated by the requesting party certifying that this Lease is in full force
and effect and has not been modified or amended except as set out in the
statement, the date of commencement and expiration of the Term, the date to
which Rent has been paid, that there are no current defaults by Landlord or
Tenant except as set out in the statement, and as to any other matters
pertaining to this Lease as may be reasonably requested. Any mortgagee,
assignee, transferee or others designated by the requesting party shall be
entitled to rely upon the statement given under this Article.

                                    INSURANCE

         20. (a) Tenant shall procure and maintain, at its own cost and expense,
comprehensive general public liability insurance with contractual liability
coverage and written on an "occurrence" basis insuring Tenant and Landlord (and
the lessor under the Master Lease, the holder of the Prime Mortgage and any
other parties reasonably requested by Landlord) from all claims, demands or
actions for injury or death or property damage in or about the Premises in

                                       17
<PAGE>   21

amounts which are from time to time reasonably required by Landlord, but not
less than $5,000,000 combined single limit for injury or death and damage to
property, workers' compensation insurance within statutory limits covering
Tenant's employees in the Premises, property insurance insuring against loss by
fire and other hazards covered by the so-called "all risk" form of policy and
water damage insurance in amounts sufficient to cover the full replacement value
of all improvements in or about the Premises (other than those improvements
installed at Landlord's expense under Exhibit D) and all property in the
Premises not owned by Landlord with a deductible reasonably acceptable to
Landlord. The insurance shall be in a form and with an insurer reasonably
acceptable to Landlord and shall not be subject to cancellation or material
change except after at least 10 days' written notice to Landlord. Each policy or
a duly executed certificate, together with satisfactory evidence of the payment
of premiums, shall be deposited with Landlord before the Commencement Date and
at least 30 days before the expiration of the policy.

         (b) Landlord shall procure and maintain at Landlord's cost (subject to
participation by Tenant by payment of Tenant's Share of Estimated Operating Cost
and any Operating Cost Adjustment) comprehensive general public liability
insurance with contractual liability coverage and written on an "occurrence"
basis insuring against all claims, demands or actions for injury or death or
property damage in or about the Project in amounts which are from time to time
acceptable to prudent owners of comparable buildings in the Saint Paul central
business district, but not less than $10,000,000 combined single limit for
injury or death and damage to property, property insurance insuring against loss
by fire and other hazards covered by the so-called "all risk" form of policy in
amounts sufficient to cover the full replacement value of the Building, all
leasehold improvements in or about the Building which were installed at
Landlord's expense, and all property of Landlord in the Building with a
deductible reasonably acceptable to prudent owners of comparable buildings in
the Saint Paul central business district, rental interruption insurance insuring
against risk of loss of income for a period of at least 24 months, and such
other insurance as is customarily obtained by owners of Class A office buildings
in downtown Saint Paul, is required under any ground or underlying lease,
mortgage or deed of trust, or is otherwise agreed between Landlord and Tenant.
Evidence of Landlord's insurance coverage and copies of relevant policies or
certificates shall be available to Tenant upon written request.

         (c) Landlord and Tenant agree to reasonably cooperate with each other
and with any other tenants to obtain insurance coverage for the Project which
satisfies their respective obligations under this Lease, the Master Lease and
the Prime Mortgage at competitive rates without duplication of coverage. Such
cooperation shall include procurement by Landlord and Tenant of rent loss and
business interruption insurance to the extent available from a conventional
insurance source at a cost that is reasonably proportionate to Tenant's standard
business interruption coverage so as to provide non-duplicative coverage against
losses due to the continuing obligation of Tenant to pay Rent and other costs
during any interruption of Tenant's use of the Premises for at least 20 months.

                                       18
<PAGE>   22

                              SURRENDER OF PREMISES

         21. Upon the expiration or earlier termination of this Lease, Tenant at
its expense shall immediately (i) remove Tenant's goods and effects and those of
all persons claiming under Tenant, and (ii) surrender the Premises to Landlord
peaceably and quietly in as good order and condition as they were in on the
Commencement Date or were thereafter placed by Landlord, reasonable wear and
tear as may be consistent with a Class A office building excepted. Any property
of Tenant left in the Premises after expiration or earlier termination of this
Lease shall be deemed abandoned and may at Tenant's expense be removed from the
Premises and, upon not less than 10 days' notice to Tenant, disposed of by
Landlord as Landlord deems expedient.

                                 QUIET ENJOYMENT

         22. Tenant, on paying the rent and performing its obligations under
this Lease, shall peacefully and quietly have, hold and enjoy the Premises
subject to the terms of this Lease.

                               BUILDING OPERATION

         23. (a) During the Term, Landlord shall operate and maintain the
Project in accordance with all Applicable Laws, insurance requirements, and the
standards for Class A buildings of similar age and use in the community and
shall provide during Tenant's occupancy of the Premises the following services:

                  (i) cleaning and janitorial service in the Premises during
         evening hours substantially in accordance with the cleaning schedule
         set out in Exhibit G and during daytime hours on a reasonably available
         basis, Monday through Friday exclusive of legal holidays,

                  (ii) heating, cooling, and ventilation of a capacity equal to
         that set out in Exhibit D, for use and occupancy of the Premises from
         7:00 a.m. to 6:00 p.m., Monday through Friday, and from 8:00 a.m. to
         1:00 p.m., Saturday, excluding legal holidays,

                  (iii) electric power of a capacity equal to that set out under
         Exhibit D, for lighting and operation of office equipment in the
         Premises,

                  (iv) replacement and lawful disposal of Building standard
         fluorescent tubes, light bulbs and ballasts in the Premises,

                  (v) reasonable access to and egress from the entire Premises,
         including passenger elevator service in common with other tenants at
         all times (subject to off-hours security measures) and freight elevator
         service as reasonably scheduled by Landlord,

                  (vi) domestic running water and sanitary sewer and necessary
         supplies in common washrooms for general use by occupants of the
         Premises, and, if applicable, other premises in the Building,

                                       19
<PAGE>   23

                  (vii) standard security guard service for the Building with
         24-hour on-site lobby attendant stationed in the main lobby and 24-hour
         on-site guard patrolling the Building, on-call pedestrian escort
         service within the Building to the Premises and between the Building
         and nearby parking facilities on a reasonably available basis, access
         control system throughout the Building which as of the Delivery Date
         would reasonably be considered "state of the art" for established
         technology, and video monitors at locations reasonably determined by
         Landlord,

                  (viii) maintenance, repair and replacement of the foundations,
         exterior walls, floor slabs, roof, drainage system, and other
         structural elements of the Building, any common areas and special areas
         of the Building, the Building facilities and equipment necessary to
         provide the services set out in this Section, and any other
         improvements, facilities or equipment within the Project provided by
         Landlord as Base Building Work or otherwise furnished by Landlord as
         Building standard items under Exhibit D,

                  (ix) exterior and interior window washing with frequency as
         reasonably determined by Landlord but in no event less than twice per
         year,

                  (x) access for communications utilities to bring
         communications lines as described under Exhibit D,

                  (xi) a general directory board on which Tenant shall be
         entitled to have its name shown and a reasonable number of the
         departments and principal officers of Tenant identified in accordance
         with the reasonable regulations of Landlord, provided Landlord will not
         be obligated to provide Tenant with more than one directory strip for
         each 5,000 square feet of Rentable Area in the Premises, and

                  (xii) such other services as are specifically identified in
         this Lease or customarily provided in Class A office buildings in
         downtown Saint Paul.

         (b) If Tenant requires additional heating, cooling, ventilation or
electric power in all or any part of the Premises in excess of the capacity set
out in Exhibit D, the additional installation and operating cost of any
additional facilities or equipment required to supply such additional capacity
will be the obligation of Tenant.

         (c) Landlord shall make available 24-hour heating and cooling to the
Premises "on demand," pursuant to such reasonable regulations as Landlord may
adopt from time to time. Landlord shall provide any other service requested by
Tenant in amounts in excess of Building standard if Landlord is reasonably able
to provide the additional amounts from existing equipment or otherwise agrees to
provide the additional amounts. Tenant will pay Landlord's direct cost of
providing such additional services, including a reasonable charge based on
Landlord's direct cost of administration.

         (d) The cost of Building, operation under this Article will be included
in Actual Operating Cost to the extent provided under Section 3(f). If Landlord
from time to time reasonably determines by submetering, engineering calculation,
or other reliable means that the use of any utility or service provided by
Landlord in the Premises is disproportionate to the use of other occupants,
Landlord may separately charge Tenant for the excess cost attributable to

                                       20
<PAGE>   24

such disproportionate use, but the cost of such investigation shall be included
in the Actual Operating Cost under this Lease.

         (e) Tenant wilt be permitted to be actively involved in the selection
of the major providers of services to the Building, such as providers of
telecommunications, fiber optics, satellite, deregulated electricity, and
janitorial services, so long as such involvement does not unduly delay the
selection of such entities. If Tenant reasonably objects to any recurring
failure of any service provider to meet commercially reasonable standards,
Tenant shall give Landlord not less than 30 days' written notice specifying the
objection. If the service provider has not cured the objection within 30 days of
Tenant's notice or reasonable extensions thereof, then Landlord shall terminate
the service contract and select a new provider for such service reasonably
acceptable to Tenant.

         (f) Reduction, interruption or termination of any service provided by
Landlord or any other supplier because of necessary repairs, installations or
improvements, Landlord's failure to perform any service under this Article, or
any cause beyond the reasonable control of Landlord, shall not be construed as
an eviction of Tenant, work an abatement of rent, or relieve Tenant from
fulfilling any obligation of the Lease. However, to the extent the Premises are
rendered unusable by Tenant in its business by reason of any such event, that
part of Tenant's Share of Estimated Operating Cost and any Operating Cost
Adjustment which is not included in the Preferred Rent will be proportionately
reduced from three business days after notice from Tenant to Landlord and the
lessor under the Master Lease that the Premises are unusable until the Premises
are again rendered usable. Landlord shall not be liable for damages arising from
the failure to provide any service or the reduction, interruption or termination
of any service except to the extent specified in Exhibit F. If any of the
equipment or machinery used by Landlord in supplying the services breaks down or
for any cause ceases to function properly, Landlord shall use reasonable
diligence to make the necessary repair or replacement.

                           RIGHTS RESERVED TO LANDLORD

         24. (a) Landlord, its agents, representatives or designees, may enter
the Premises at all reasonable hours to inspect the Premises, to make repairs,
alterations or additions to the Premises, the Building or other improvements, to
show the Premises to prospective tenants, purchasers or mortgagees, or for other
reasonable purposes as Landlord deems necessary or desirable, Except in an
emergency or for routine services such as cleaning and janitorial services,
Landlord shall consult with or give Tenant reasonable notice at the Premises
prior to such entry. Entry for showing the Premises to prospective tenants may
only be made when an Event of Default is continuing under this Lease or during
the last six months of the Term.

         (b) Landlord may install, use, maintain, repair, and replace above the
finished ceiling surface, below the finished floor surface, and in the walls and
mechanical shafts within the Premises any pipes, ducts, conduits, wires, and
other equipment for service to other parts of the Building or other
improvements.

         (c) Landlord may make changes in or additions to any part of the
Building or other improvements outside the Premises and may alter or relocate
any public areas and special

                                       21
<PAGE>   25

service areas in or serving the Building provided Tenant is permitted to be
actively involved in the design and decision process and such changes do not
materially affect the layout or Rentable Area of the Premises or (except for
inconvenience during construction) unreasonably impair access to or Tenant's use
and enjoyment of the Premises.

         (d) In entering the Premises or carrying out any work under this
Article, Landlord shall minimize disruption of Tenant's use of the Premises and
operation of its business, and shall repair any damage to the Premises caused by
the work. Such entry or work shall not be construed as an eviction of Tenant,
work an abatement of rent, or relieve Tenant from fulfilling any obligation
under this Lease. However, to the extent the Premises are rendered unusable by
Tenant in its business by reason of any such entry or work, Tenant's Share of
Estimated Operating Cost (other than the cost of taxes, assessments, shortfall
payments, and insurance) and any Operating Cost Adjustment therefor will be
proportionately reduced from three business days after notice from Tenant that
the Premises are unusable until the Premises are again rendered usable. Under no
circumstances shall Landlord be liable for consequential damages arising from
any such entry or work.

                             ASSIGNMENT BY LANDLORD

         25. Landlord may sell, convey, transfer or assign, in whole or in part,
its rights and obligations under this Lease and in the Project. Subject to
Article 18, the rights of Tenant under this Lease shall not be affected by such
transfer and Tenant shall attorn to the transferee so long as the transferee
assumes Landlord's obligations under this Lease accruing from the effective date
of such transfer. Landlord may not, however, make any such transfer prior to the
Commencement Date without first receiving the written consent of Tenant. Tenant
may consider the following factors, among others, in determining whether to
grant or withhold its consent: (i) the experience of the proposed transferee or
its agents or managers in constructing, developing and managing Class A office
properties in the Minneapolis-Saint Paul area or other major urban areas; and
(ii) the impact, if any, of such transfer on Tenant and the Project schedule,
Project budget (including Tenant allowances), and quality of construction of the
Base Building Work under Exhibit D.

                                  CONDEMNATION

         26. If the entire Premises are taken or condemned for any public
purpose (or purchased under threat of taking) this Lease shall terminate as of
the date of taking. If part of the Project is so taken or condemned and Landlord
reasonably determines that substantial alteration, reconstruction or demolition
of a substantial part of the Building is necessary or desirable, whether or not
the Premises are affected thereby, Landlord may terminate this Lease as of the
date of taking upon giving notice to Tenant within 60 days after the date of
taking. If more than 67,500 square feet of Rentable Area of the Premises is
taken or condemned, Tenant may terminate this Lease by written notice given
within 60 days after the date of taking. If a portion of the Premises is
affected by such taking or condemnation and this Lease is not terminated by
Landlord or Tenant, Landlord shall promptly restore the remainder of the
Premises to as near the condition which existed prior to the taking as
reasonably possible, the Base Rent, Tenant's Share

                                       22
<PAGE>   26

of Estimated Operating Cost and any Operating Cost Adjustment therefor shall be
appropriately reduced for the period following the date of taking to reflect the
reduction in Rentable Area, and Tenant shall be responsible for any repair or
replacement of Tenant's movable equipment, furniture, and other trade fixtures
and personal property affected by such taking or condemnation. Subject to the
Master Lease and Prime Mortgage, the entire award for the taking of the fee and
leasehold interests in the Project shall belong to Landlord, but Landlord shall
not be entitled to any award made to Tenant for movable equipment, furniture and
other trade fixtures or personal property owned by Tenant or for Tenant's
relocation or moving expenses.

                               DAMAGE TO BUILDING

         27. If all or part of the Building is damaged or destroyed by fire or
other casualty, Landlord shall select an independent general contractor approved
by Tenant who is prepared to deliver a construction contract which will provide
for repair and restoration of the Project (including any tenant improvement work
in the Premises) within a specified period of time with such liquidated damages,
guaranty or other arrangements as shad be reasonably acceptable to Landlord and
the lessor under the Prime Lease to assure that such work is completed in such
time. Such contractor shall within 60 days of the date of damage deliver to
Landlord and Tenant such contractor's determination of the time required to
repair and restore the Project using normal construction practice. If the
general contractor determines that the Project (including tenant improvements)
cannot be repaired and restored within 20 months of the date of damage or if the
lessor of any ground or underlying lease or holder of any mortgage or deed of
trust does not make the insurance proceeds available and Landlord does not have
sufficient funds available for repair and restoration of the Project, then
Landlord and Tenant shall each have the right to terminate this Lease by giving
written notice thereof within 90 days after the damage or destruction. Landlord
acknowledges that the Master Lease currently provides for application of the
insurance proceeds for repair and restoration, and agrees it will not without
Tenant's written approval modify or amend such requirement and will use
commercially reasonable efforts to enforce such obligation. If a portion of the
Premises is damaged by fire or other casualty and this Lease is not so
terminated, Landlord shall promptly and with all due diligence restore the
Premises (including any leasehold improvements which Tenant is required to
insure under Section 20(a)) to as near the condition which existed prior to such
damage or destruction as reasonably possible, and that part of Tenant's Share of
Estimated Operating Cost and any Operating Cost Adjustment not included in the
Preferred Rent shall be reduced during the time the Premises are untenantable in
the proportion that the untenantable portion of the Premises bears to the entire
Premises. Tenant shall be responsible for the cost of any repair or replacement
of any improvements which Tenant is required to insure and any movable
equipment, furniture and other trade fixtures and personal property in or about
the Premises regardless of the cause of damage or destruction. Before repair or
restoration of the Project commences and upon evidence to Tenant that funds
necessary to complete repair and restoration of the Building are currently
available and deposited, Tenant shall deposit with the depository holding other
construction funds all insurance proceeds and other amounts as may be required
to repair and replace any improvements which Tenant is required to insure.
Landlord will not be required to repair or restore any such improvements for
which Tenant does not make funds available and will not be responsible under
Exhibit F for any Relocation Costs or Carryover Costs which arise from failure
to repair or restore any such improvements for which Tenant does not make funds
available.

                                       23
<PAGE>   27

                                  HOLDING OVER

         28. (a) If Tenant holds over after expiration or earlier termination of
this Lease without written consent of Landlord, Tenant shall become a tenant at
sufferance only at a rental rate equal to 150% of the Base Rent in effect for
the month immediately preceding the expiration or termination (or fair market
rental value, if greater) plus all other Rent which would be payable had the
Term remained in effect and otherwise subject to the terms of this Lease. No
unauthorized holding over shall operate to extend the Term and Tenant shall
indemnify Landlord against all claims for damages of any kind resulting from the
holdover.

         (b) Any holding over with the consent of Landlord in writing shall be
deemed an occupancy of the Premises as a tenant from month to month, at a
monthly rental equal to the installment of Base Rent in effect for the month
preceding the expiration or termination plus all other Rent which would be
payable had the Term remained in effect, or such other amount as is set out in
the consent, and subject to all other terms and conditions of this Lease to the
extent they are applicable to a month to month lease terminable by either party
on 30 days written notice to the other.

                                   LEGAL COSTS

         29. In any dispute or litigation between Landlord and Tenant concerning
the default or alleged default by Landlord or Tenant under this Lease, the
prevailing party shall be entitled to reimbursement by the other party of all
reasonable attorneys' fees and court costs incurred in such dispute or
litigation.

                                DEFAULT BY TENANT

         30. (a) It shall be an Event of Default under this Lease if (i) Tenant
fails to pay Base Rent or Tenant's Share of Estimated Operating Cost within five
business days after the due date or fails to pay any other sum owing by it under
this Lease within ten business days after the due date, or (ii) Tenant fails to
comply with the assignment and subletting provisions under Article 17, or (iii)
Tenant fails to observe or perform any other provision of this Lease within 30
days after notice of such failure (provided that, if such matter is not
reasonably capable of being cured within 30 days and, within such initial 30-day
period, Tenant has submitted to Landlord a plan reasonably acceptable to
Landlord for curing the default, the cure period shall be extended as long as
Tenant is diligently and continuously pursuing such a cure to a successful
conclusion according to such plan), or (iv) Tenant abandons the Premises or
fails to take possession of the Premises within a reasonable time after they are
available for occupancy or fails to begin conducting business in the Premises as
soon as practicable after taking possession, or (v) the interest of Tenant under
this Lease is levied on under execution or other legal process, or any petition
filed by or against Tenant to declare Tenant a bankrupt or to delay, reduce or
modify Tenant's debts or obligations, or any petition is filed or other action
taken to reorganize or modify Tenants capital structure (if Tenant is a
corporation or other entity) or Tenant is declared insolvent by a court of
competent jurisdiction, or any assignment of Tenant's property is made

                                       24
<PAGE>   28

for the benefit of creditors, or a receiver or trustee is appointed for Tenant
or its property (provided that no levy, execution, legal process or petition
filed against Tenant constitutes a breach of this Lease if Tenant vigorously
contests by appropriate proceedings and it is removed or vacated within 60 days
from the date of its creation, service or filing).

         (b) If an Event of Default is continuing under this Lease, Landlord may
(i) terminate this Lease and recover forthwith as damages the amounts provided
in this Article, or (ii) terminate Tenant's right of possession and repossess
the Premises and remove all persons or property from the Premises, without
demand or notice to Tenant and without terminating this Lease, and recover
forthwith as damages the amounts provided in this Article. In addition, whether
or not this Lease is terminated or Landlord repossesses the Premises for an
Event of Default, Landlord shall be entitled to recover from Tenant any other
damages arising out of Tenant's breach of this Lease and exercise any other
rights or remedies provided at law or in equity. If this Lease is terminated or
Landlord repossesses the Premises for an Event of Default, Landlord shall use
commercially reasonable efforts to relet all or any part of the Premises for the
account of Tenant for the rent and upon the terms Landlord deems advisable (but
shall be entitled to give priority to the reletting of other space in the
Building which may be available or is likely to be available to Landlord for
reletting) and may make changes, additions, improvements, redecorations, and
repairs to the Premises as Landlord reasonably deems appropriate, without
affecting Tenant's liability under this Lease.

         (c) If this Lease is terminated or Landlord repossesses the Premises
for an Event of Default, Tenant shall pay to Landlord on demand the sum of (i)
the unpaid Rent owing at the time of termination or repossession, as the case
may be, and (ii) all expenses reasonably incurred by Landlord in terminating,
repossessing, and reletting, including but not limited to costs of changes,
additions, improvements, redecorations and repairs in preparation for reletting,
brokerage and legal fees, and the collection of Rent (but if the lease term for
any reletting extends beyond the existing Term or the premises covered by the
reletting includes space outside the Premises, a fair apportionment of the
expenses incurred in connection with the reletting will be made), and (iii) any
deficiency between the Rent for the remainder of the Term and the payments, if
any, received by Landlord from any reletting of the Premises or, if elected by
Landlord as liquidated and final damages for lost rent, in addition to the
monthly deficiencies accruing through the date of such election, a lump sum
equal to the present value (calculated by discounting at 1(degree)/a per annum
over the discount rate of the Federal Reserve Bank of Minneapolis or 0.25% per
annum over the Series A Interest Rate payable under the Prime Mortgage,
whichever is less) as of the date of such election of the amount by which the
Base Rent for the remainder of the Term exceeds the Market Rate for the Premises
over the remainder of the Term (determined with reference to the terms and
conditions of any reletting if Landlord relets the Premises within a reasonable
period after termination or repossession), and (iv) any other sums, interest, or
damages owed by Tenant to Landlord pursuant to this Lease. By way of
illustration of the lump sum calculation under (iii), if there remain five years
in the Term and the Base Rent payable under this Lease exceeds the Market Rate
for the Premises by $1.00 for each square foot of Rentable Area of the Premises
and the interest rate used for determining the present value is 8% per annum,
the lump sum payment would be $4.11 for each square foot of Rentable Area of the
Premises. If the Base Rent payable under this Lease is less than the Market
Rate, the lump sum payment under (iii) would be $0.00.

                                       25
<PAGE>   29

         (d) Failure of Landlord to give notice of a default immediately upon
occurrence of such a default or any delay in taking any action in connection
with any default shall not waive the default, and so long as such default
remains uncured beyond any applicable cure period Landlord may at any time
thereafter declare an Event of Default.

         (e) If an Event of Default is continuing under this Lease, Landlord may
(but without obligation and without limiting any other remedies which it may
have by reason of the Event of Default) cure the Event of Default, and Tenant
shall pay the reasonable costs of curing the Event of Default to Landlord upon
demand.

                                LANDLORD DEFAULT

         31. In the event of any default in the performance of any obligation of
Landlord under this Lease, Tenant will deliver to Landlord written notice
listing the reasons for Landlord's default and Landlord will have 30 days
following receipt of such notice to cure such default or, in the event the
default cannot reasonably be cured within a 30-day period, to commence action
and proceed diligently to cure such default. A copy of such notice to Landlord
will be sent to the lessor under the Master Lease, the holder under the Prime
Mortgage, and any lessor of any other ground or underlying lease or holder of
any other mortgage or deed of trust of which Tenant has been notified in
writing, and any such lessor or holder will also have the same rights to cure
such default. Tenant shall be entitled to recover from Landlord any damages
arising out of Landlord's breach of this Lease, and (except as provided in
Section 5(c) of this Lease) exercise any other rights or remedies provided at
law or in equity.

                                    INDEMNITY

         32. (a) Subject to Article 33, Tenant shall indemnify and hold harmless
Landlord and Landlord's agents, officers and employees from all claims, costs
and liabilities arising out of any injury or damage to person or property
occurring in the Premises or to the extent caused by the negligence or willful
misconduct of Tenant, its agents, officers or employees.

         (b) Subject to Section 32(a) and Article 33, Landlord shall indemnify
and hold harmless Tenant and Tenant's agents, officers and employees from all
claims, costs and liabilities (other than costs includable in Actual Operating
Cost) arising out of any injury or damage to person or property occurring within
the common areas of the Project or to the extent caused by the negligence or
willful misconduct of Landlord, its agents, officers or employees.

                              WAIVER OF SUBROGATION

         33. Anything in this Lease to the contrary notwithstanding, Landlord
and Tenant each waive any right of recovery, claim, action or cause of action
against the other and the agents, officers and employees of the other for any
loss or damage that may occur to the Premises or any improvements or property of
Tenant in or about the Premises or to the Building or any improvements or
property of Landlord in or about the Building by reason of fire or other cause
which would be insured under the terms of the insurance policies provided under
Article 20,

                                       26
<PAGE>   30

regardless of cause or origin, including negligence of the other party, its
agents, officers or employees, and agrees that no insurer shall hold any right
of subrogation against the other party. Each party shall cause each insurance
policy obtained by it to provide that the insurer waives all right of recovery
by way of subrogation against either party in connection with any damage covered
by the policy.

                                  SEVERABILITY

         34. If any term or provision of this Lease or the application of it to
any person or circumstance is invalid or unenforceable, the remainder of this
Lease or the application of such provision to other persons or circumstances
shall not be affected, and each provision of this Lease shall be valid and
enforceable to the extent permitted by law.

                               WAIVER OF COVENANTS

         35. Failure of Landlord or Tenant to insist in anyone or more instances
upon strict performance of any obligation of the other party under this Lease or
to exercise any right available to it under this Lease shall not be construed as
a waiver or a relinquishment for the future of the obligation or right and the
obligation or right shall continue and remain in full force and effect. The
receipt by Landlord of rent with knowledge of a breach in any obligation of
Tenant under this Lease other than the failure of Tenant to pay such rental
amount shall not be deemed a waiver of the breach. Neither party shall be deemed
to have waived any provision of this Lease until expressed in writing and signed
by such party.

                                     NOTICES

         36. All notices, demands, consents and approvals given under this Lease
shall be in writing and shall be deemed to have been fully given when personally
delivered to a party or its agent (including but not limited to delivery by
messenger or courier with evidence of receipt) or three business days after
deposit in the United States mail, certified or registered, return receipt
requested, postage prepaid, and addressed as follows:

                  If to Tenant:     Lawson Associates, Inc.
                                    1300 Godward Street; N.E.
                                    Minneapolis, MN 55413-3004
                                    Attention: Director of Facilities Services

                  If to Landlord:   Rice Park Associates, LLC
                                    c/o Frauenshuh Management Company
                                    180 East 5th Street, Suite 160
                                    Saint Paul, MN 55101
                                    Attention: General Manager

                                       27
<PAGE>   31

                  with a copy to:   Frauenshuh Companies
                                    7760 France Avenue South, Suite 210
                                    Bloomington, MN 55435
                                    Attention: David R. Frauenshuh

Either party may designate a different address on at least 15 days' notice to
the other. A party giving any notice of default under this Lease shall endeavor
to give a copy of such notice to the lessor under the Master Lease and the
holder of the Prime Mortgage, provided, however, that the failure to give such
notice to the lessor under the Master Lease or the holder of the Prime Mortgage
shall not invalidate any notice so given.

                                  MISCELLANEOUS

         37. (a) This Lease is binding upon and inures to the benefit of
Landlord, its permitted successors and assigns, and is binding upon and inures
to the benefit of Tenant, its permitted successors and any assigns. The
obligations of this Lease run with the Land.

         (b) The rights and remedies of Landlord and Tenant under this Lease are
cumulative and none shall exclude any other rights or remedies allowed by law or
equity. This Lease is declared to be a Minnesota contract, and all of its terms
shall be construed according to the laws of the State of Minnesota.

         (c) Time is of the essence of each obligation of this Lease in which
time is a factor.

         (d) The captions in this Lease are for convenience only and are not
part of this Lease.

         (e) This Lease may be simultaneously executed in several counterparts,
each of which shall be an original and all of which shall constitute but one and
the same instrument.

         (f) The submission of this document for examination and negotiation
does not constitute an offer to lease or a reservation of or option for the
Premises. This document becomes effective and binding only upon the execution
and delivery of it by Landlord and Tenant.

         (g) All negotiations, considerations, representations and
understandings between Landlord and Tenant are incorporated in this Lease and
the Development Agreement, and may be modified or altered only by agreement in
writing between Landlord and Tenant. No act or omission of any employee or agent
of Landlord or Tenant or custom or practice which may grow up between them in
the administration of this Lease or occupancy of the Premises shall be deemed to
alter, change or modify any of the provisions of this Lease or the Development
Agreement.

         (h) If Landlord is an individual, trust, or tenancy in common, general
or limited partnership, limited liability company, or other form of joint
venture, there shall be no personal liability on the individual, trustee or
beneficiaries of trust, tenants in common, partners,

                                       28
<PAGE>   32

managers or members, or venturers, or any estate, heir, personal representative,
successor or assign of any of them, as to any of the obligations of Landlord
under this Lease or the Development Agreement. If Landlord defaults or breaches
any of its obligations under this Lease or the Development Agreement, Tenant
shall look solely to the estate and property of Landlord in the Project or
identifiable as pertaining thereto for the collection of any judgment against
Landlord (or any other judicial procedure requiring the payment of money by
Landlord) and no property or asset shall be subject to levy, execution or other
procedure for satisfaction of Tenant's remedies. A negative capital account of
any partner, member, or venturer shall not be deemed to be an estate or property
of Landlord. Nothing in this Section shall affect any rights Tenant may have
against the HRA or its successor or assign under the Development Agreement.

         (i) Tenant warrants that it has had no dealings with any broker or
agent in connection with this Lease except the Landlord's Broker and Tenant's
Broker identified in Article 1, and shall indemnify and hold Landlord harmless
from all claims for compensation, commissions and charges by any broker or agent
other than Landlord's Broker or Tenant's Broker which has been engaged or claims
to have been engaged by Tenant to represent it in connection with this Lease or
the negotiation of it.

         (j) Neither this Lease nor any terms contained in this Lease shall be
deemed or construed to create a joint venture, partnership, agency or other
relationship between Landlord and Tenant other than that of landlord and tenant.

         (k) Whenever, pursuant to the terms of this Lease, consent,
satisfaction or approval is required of Landlord or Tenant, such consent,
satisfaction or approval shall not be unreasonably withheld, conditioned or
delayed. If either party withholds or conditions any consent, satisfaction or
approval, such party will on written request deliver to the other a written
statement giving the reasons therefor.

         (l) Landlord and Tenant acknowledge that each of them and their counsel
have had an opportunity to review this Lease, and that this Lease will not be
construed against Landlord merely because Landlord has prepared it.

         (m) Tenant acknowledges that Landlord has been required under the
Master Lease to waive all benefit and advantage of any stay, extension or
redemption law, and Tenant hereby expressly waives any rights of redemption or
reinstatement granted by or under any present or future laws in the event of
Tenant being evicted or dispossessed or in the event of Landlord otherwise
lawfully obtaining possession of the Premises by reason of the violation by
Tenant of any of the terms or conditions of this Lease or otherwise.

         (n) At any time Tenant is not a publicly held company, Tenant will,
within 15 days after Landlord's request but not more often than quarterly,
provide Landlord with Tenant's most recent audited financial statements
(including any notes to them) and any unaudited or internally prepared financial
statements (and notes to them) as may have been prepared for any period after
Tenant's most recent audited statements, and will discuss such financial
statements with Landlord. Landlord will enter into a confidentiality agreement
in form reasonably acceptable to Tenant which prohibits disclosure of any aspect
of such financial statements without Tenant's advance written consent.

                                       29
<PAGE>   33

         IN WITNESS OF THIS LEASE, Landlord and Tenant have properly executed it
as of the date set out in the heading.

                                       LANDLORD:

                                       RICE PARK ASSOCIATES LLC

                                       By: /s/ Randy J. McKay
                                       Its Manager

                                       TENANT:

                                       LAWSON ASSOCIATES, INC.

                                       By: /s/ William B. Lawson
                                       Its: Chief Executive Officer

[Signature page for Office Lease Agreement between Rice Park Associates LLC and
Lawson Associates, Inc.]

                                       30

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