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UNIVERSAL OUTDOOR, INC.
<br />LAND LEASE # ///33
<br />1. In consideration of the undertakings contained in this Land Lease and other good and valuable
<br />consideration the receipt of which is hereby acknowledged, Rehbein Properties, LLC ( "Lessor"), hereby
<br />leases and grants exclusive rights for outdoor advertising to Universal Outdoor, Inc., ( "Lessee ") on a
<br />portion of the real estate commonly known as W/O 35E Approximately 2000' N/O Hwy. 14 to W/O 35E
<br />Approximately 9000' from Hwy. 14 and E/O35E Approximately 7500' from Hwy. 14 to Approximately
<br />9000' N/O Hwy. 14, Property Id# 12- 31 -22 -34 -0002, 13- 31 -22 -21 -0001, 13- 31 -22 -21 -0002, 13- 31- 22 -24-
<br />0001, 13- 31 -22 -24 -0002, 13- 31 -22 -31 -0001, 13- 31 -22 -31 -0002, 13- 31 -22 -34 -0001, 12 -31 -22-43 -0001 in
<br />the City of Lino Lakes in the County of Anoka, in the state of Minnesota, having the legal description
<br />attached as Exhibit "A ", ( "Leased Premises ") for the purpose of erecting, maintaining and modifying an
<br />advertising sign structure, including supporting structures, devices, power poles, illumination facilities and
<br />connections, service ladders and other appurtenances, with the right of ingress to and egress from the
<br />Leased Premise.
<br />2.
<br />3.
<br />4. By execution hereof, Lessor gives Universal Outdoor, Inc. Its permission and limited power of attorney
<br />to actin its behalf for the purpose of performing every act deemed necessary to Lessee to apply for and
<br />secure at its own expense the state and local building and sign permits, zoning variances, special uses, or
<br />changes in the zoning law relating to signs, necessary to erect, maintain and modify the advertising sign
<br />structure on the leased premises. This Lease is subject to the Lessee receiving the necessary Local and
<br />State permits needed to construct said structure. Lessor gives Lessee its permission to cut, trim or
<br />eliminate trees or other vegetation which in the opinion of Lessee is an obstruction to the visibility of the
<br />sign face(s).
<br />5. All structures, displays and materials placed upon the Leased Premises by Lessee are Lessee's trade
<br />fixtures, trade names and trademarks, and shall be and remain Lessee's property, and may be removed by
<br />Lessee at any time prior to or within a reasonable time after the termination of this lease or any extensions
<br />thereof. Without Lessee's prior written consent, Lessor agrees that no liens or encumbrances may be
<br />placed upon or be permitted to remain upon Lessee's personal property.
<br />6. Lessee shall indemnify and hold harmless Lessor from all liability to persons or property by reason of
<br />accidents resulting from the negligent acts of Lessee, its agents, employees or others employed in the
<br />erection, maintenance, operation, repair or removal of the advertising sign structure.
<br />7. Lessor represents and warrants that it is the owner or title holder of the Leased Premises or the agent
<br />of such owner or title holder and has full authority to execute this lease and agrees to indemnify and save
<br />harmless Lessee from any and all claims and /or liability caused by Lessor's breach of this warranty.
<br />8. In the event that: (a) the advertising sign structure becomes partially or entirely obstructed; (b) the
<br />value of the location for advertising purposes becomes diminished by change in highway or traffic
<br />conditions; (c) necessary state or local permits are refused or invalidated; (d) .erection, maintenance,
<br />illumination or modification of the sign structure is prevented or restricted by state or local statute, rule,
<br />ordinance or regulation presently in effect or subsequently enacted, thereby diminishing the value or
<br />increasing the cost of Lessee's use of the Leased Premises for advertising; or (e) for any other legitimate
<br />reason Lessee has the option on ten (10) days' notice to Lessor by registered mail to reduce the rental
<br />required under paragraph 3 in proportion in decreased value of the Leased Premises for as long as such
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