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2 <br />STATE OF NORTH CAROLINA <br />COUNTY OF ORANGE LEASE <br />THIS LEASE, made and entered into as of the 1st day of January, 2010, by and <br />between The County of Orange, hereinafter referred to as "County," and Terra Dotta <br />LLC., hereinafter referred to as "Tenant;" <br />WITNESSETH: <br />THAT FOR and in consideration of the mutual covenants and conditions <br />hereinafter set forth, the parties hereto do hereby agree as follows: <br />1. Premises. County does hereby lease and let unto Tenant and Tenant does <br />hereby accept as Tenant those certain premises designated as Suite #106 of the <br />Bentley Building, 501 Franklin Street, Chapel Hill, Orange County, North Carolina, as <br />more particularly shown on EXHIBIT A appended hereto. In addition to the premises <br />assigned adjacent to the Bentley Building in .common with other tenants of the Building. <br />The Bentley Building is a smoke free building and does not permit tobacco use inside of <br />the building. <br />2. Acceptance of Premises. The Tenant represents that the lease <br />property, the sidewalks and structures adjoining the same, any subsurface conditions <br />thereof, and the present uses and non-uses thereof have been examined by the Tenant. <br />The Tenant accepts the same in the condition in which they now are without <br />representation or warranty, express or implied, in fact or by law, by the County, the <br />nature, condition or usability thereof, or the uses to which the leased property may be <br />put. Provided, County shall be responsible for ensuring that the heating/air-conditioning <br />system is in good operating condition; the exterior walls and roof, the lighting system <br />(excluding such additions as may be required for Tenant's particular business operation) <br />and the parking area and sidewalks are in good repair on the date of commencement of <br />the lease term. County represents and warrants to Tenant that it holds unencumbered <br />fee title to the lease premises. The County shall not be responsible for any latent defect <br />or change of condition in such building, improvements and personality, and the rent <br />hereunder shall in no case be withheld or diminished on account of any defect in such <br />property, any change in the condition thereof, any damage occurring thereto or the <br />existence with respect thereof of any violations of the laws or regulations of any <br />governmental authority, except as hereinafter provided. <br />3. Term and Rental. <br />(a) This lease shall commence on January 1, 2010, and to coincide with the <br />expiration of an adjacent suite leased by Terra Dotta from the County, shall continue for <br />a term of eleven (11) months, ending on November 30, 2010, both dates inclusive, <br />unless sooner terminated as herein provided. <br />(b) Tenant shall deliver to County a deposit in the amount of $495, which is <br />the equivalent to one-month rent. Deposit shall be held as a security deposit against <br />