First Amendment to Lease Agreement between Legacy Capital Group A Limited Partnership and Enovation Controls, LLC
This amendment updates a lease agreement originally made in 2004 between Legacy Capital Group A Limited Partnership (Lessor) and Murphy Industries, LLC. Following the transfer of certain assets and operations from Murphy Industries to Enovation Controls, LLC, the amendment formally assigns all rights and responsibilities under the original lease to Enovation Controls. The agreement ensures that Enovation Controls now assumes the lessee's obligations for the leased property as of January 1, 2013.
Exhibit 10.9
FIRST AMENDMENT TO LEASE AGREEMENT
THIS FIRST AMENDMENT TO LEASE (“First Amendment”) made this 19th day of March, 2013, by and between Legacy Capital Group A Limited Partnership, an Oklahoma limited partnership, (“Lessor”), and Enovation Controls, LLC, an Oklahoma limited liability company, (“Lessee”) with reference to the following facts:
| (a) | Lessor entered into a Lease Agreement dated March 31, 2004 (“Original Lease”) pursuant to which Murphy Industries, LLC (formerly known as Murphy Industries, Inc.) (“Original Lessee”) leased a certain tract of land described on Exhibit “A” attached to the Original Lease. |
| (b) | Certain assets and operations of Original Lessee were transferred to Lessee effective January 1, 2013. |
NOW THEREFORE, the Lessee assumes all rights and responsibilities under the Original Lease.
IN WITNESS WHEREOF, the parties hereto have executed this First Amendment on the day and year first above set forth.
| “Lessor”: | LEGACY CAPITAL GROUP A LIMITED PARTNERSHIP, an Oklahoma limited partnership | |||||||||
| By: | Legacy Management Company, LLC an Oklahoma limited liability company, Its General Partner | |||||||||
| By: | /s/ Frank W. Murphy III | |||||||||
| Frank W. Murphy III, Manager 2602 E. 28th Street Tulsa, Oklahoma 74114 | ||||||||||
| “Lessee”: | ENOVATION CONTROLS, LLC, an Oklahoma limited liability company | |||||||||
| By: | /s/ Frank W. Murphy III | |||||||||
| Frank W. Murphy III, Executive Chairman 5311 S. 122nd East Avenue Tulsa, Oklahoma 74146 | ||||||||||
