2011-00293 - O'Reilly monumnet sign

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LEASE MODTFICATION AGREEMENT � This Lease Modification Agreement,made and entered into this day of�1ati_2011,by and between Brook Investment Group, LLC, hereinafter referred to as "Landlord" and O'Reilly Automotive Stores, Inc., hereinafter referred to as "Tenant". WITNESSETH: Whereas,under Lease dated November 12,2010,(hereinafter"the Lease"),Landlord leased to Tenant the premises located at 3423 Shoreline Drive,Orono,MN,as more particularly described in"the Lease"and on the terms and conditions set out therein, and; Whereas, the parties hereto desire to amend, modify, and supplement the Lease such as to modify Section 14, replace the existing Exhibit B-2 and add Exhibit B-3. Now therefore,in consideration of the promises,covenants and agreements hereinafter set out it is agreed by and between the parties as follows: 1. Landlord and Tenant mutually agree to delete the existing Section 14 in its entirety and replace with the following: Tenant shall be allowed to install its national sign, logo and color to the front exterior surface of the Demised Premises,as shown on Exhibit B-1 and shall also have the option of placing its prototypical red background behind Tenant's building signage,as shown on the attached Exhibit B. Landlord grants Tenant the right to construct a multi-tenant sign, . . . . ,. . . i1�C1l1C.lilt�ijlt'lIl�td I li_Oi� �r� ��1'��COIIC�LliT Ol'Zfc;(,TrIC lttl..y tC7 S�:fC"ICc ?�1�SI�?il,1S S�lOWIl OIl -- — --_ _,. --_— —.._—___ � -- Eathibit B-2,to be located in the area shown on Exhibit B-3 Installation of tl��si�,�t1 sl�all be at Tenz.nt�s 5ole� ;�;:�1��. i..�»dlcr�l shail ��i�e ��n�int�i rerit abatement in the amount ot�5�°io oi the eosts to install anv conduit or electric lines to service the si�n. The rent credit shall be taken off of the first fiill month's rent pavment that Tenant makes to I.andlord. Tcnant shall provide Landlord ��rith an invoice for the installation of anv coiid��it or clectz�ic iir7e� to thc ne«�� si�;n to sup�or-t t1�e am�unt of the rent abatement. Landlord agrees that Tenant and tfle othei_existing tenants �t' the shoppin�? ceilter �urrtzzti:� inciu�3i�1�� a ;��r ,t��e. C;'.S. Post Of(ice. and I�o��lin� alle�) shall each be responsible for its pro-rata share of the maintenance of its signage and tor an��char�re�f or elcctric ;er�ice to the si�n. Landlord shalt ii��lude tttis chur�e on the reconcilia[ion statemezrt f�r�the Common Area Costs. The otller existing tenants�f'the shoppin��cci�tcl- �1�tnt1�_inc(tidii�a !i iya��, st��rc:_t:�_P�st Offce and t�_��.li«�.�llc��i_will also be — -- — - -- -- responsible for the installation of their own sign,aces_Landlord hereby grants to Tenant approval for signs as depicted in Exhibit B,B-1, B-2 and B3. 2. Landlord and Tenant agree that the attached Exhibit B-2 shall replace the existing B-2. 3. Landlord and Tenant mutually agree to add the attached Exhibit B-3.