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6 —/ -99 ,40f <br />ORIGINAL. SIGNATURES <br />STATE OF NORTH CAROLINA COPY _* ��3 <br />COUNTY OF ORANGE LEASE AGREEMENIPffiiVEWA—` <br />THIS LEASE AGREEMENT RENEWAL made on the 1st day of June, 1999 by and between Queue, <br />Corporation, 501 West Franklin Street, Suite 201, Chapel Hill, North Carolina, hereinafter referred to as <br />Tenant and Orange County, a politic subdivision of the State of North Carolina, Post Office Box 8181, <br />Hillsborough, North Carolina, hereinafter referred to as "County ". <br />WITNESSETH: <br />WHEREAS, a lease agreement was made and entered into as of the 1 st day of June, 1997, a copy of <br />which is attached as Exhibit A, between the County and Tenant; <br />WHEREAS, County and Tenant desire to renew the lease agreement and amend it; <br />NOW THEREFORE, County and Tenant mutually agree to the following: <br />Section 3 of Exhibit A shall be modified to read: <br />(a) This lease renewal commence on July 1, 1999 and shall continue for a term of six <br />months, which ends on January 31, 2000, both dates inclusive, unless sooner <br />terminated as herein provided. <br />(b) Tenant shall have an option to renew this lease for one additional renewal period of <br />six months under the same terms and conditions thereof. The option to renew must <br />be exercised by the Tenant on or before 60 days prior to expiration of the then existing <br />term of the lease. <br />2. Section 2 (b) shall be modified to read: <br />(b) The Tenant agrees to pay the County without demand at its office, or at such other <br />place or places as County may from time to time designate in writing, the following rents and <br />taxes for the aforementioned Premises for the term of this lease: <br />Base rent: $936 per month; $5,516 semi - annually <br />Taxes: $ 96 per month; $ 576 semi - annually, subject to requirements pursuant to <br />Section 3(c) of Exhibit A. <br />3. All other terms and conditions of Exhibit A shall remain the same. <br />This the ~� r' day of \ y , 1999. <br />Queue Corporation: Witness: <br />By: / (Seal) / v t . CAAu V-t A�� . <br />Orange County Atte <br />By ryryn 'V (Seal) <br />Alice M. Gordon, Chair Beverly A. Iflythe, Clerk <br />Board of County Commissioners Board of County Commissioner <br />