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Exhibit 10.54a
ADDENDUM TO LEASE
This Addendum to Lease is made and entered into the 18th day of
February, 1996, between CONIFER NORTHEAST ASSOCIATES (Landlord) and MONRO
MUFFLER BRAKE, INC. (Tenant).
WITNESSETH: that Tenant currently leases and occupies a building
located at East Greenbush, New York, consisting of approximately 4,450 square
feet pursuant to a Lease Agreement dated November 25, 1988, and Lease Addendums
dated January 6, 1989 and March 24, 1994 respectively (Lease).
WHEREAS, the Tenant has agreed to exercise its first option to renew;
NOW, THEREFORE, it is mutually agreed upon by Landlord and Tenant to
modify certain provisions of the lease as follows:
1. Notwithstanding the provisions of Section 2, "Rental" of the Lease
Agreement, Tenant's Base Rent, effective upon the full execution of this
addendum shall be as follows:
Period Annual Base Rent Monthly Base Rent
------ ---------------- -----------------
2/1/98-1/31/03 $50,688.00 $4,224.00
2. In addition to the provisions of Section 20, "Renewal Options" of the Lease
Agreement, Tenant shall have a successive option to renew this Lease upon
expiration of the second renewal option provided that this Lease shall be
in full force and effect. The additional renewal term shall be for a period
of five (5) years under the same terms and conditions as the initial term,
except that Minimum Rent shall be as follows:
Period Annual Base Rent Monthly Base Rent
------ ---------------- -----------------
2/1/08-1/31/13 $59,470.00 $4,956.00
Except as modified above, all other terms and conditions of the Lease
Agreement dated January 25, 1988 shall remain unchanged and in full force and
effect.
Agreed To By: Agreed To By:
MONRO MUFFLER BRAKE, INC. CONIFER NORTHEAST ASSOCIATES
BY: BY:
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DATE: DATE:
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