S Lease Re-negotiated Lease – High Rock Road Solid Waste Convenience Center

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,✓'r- lam-- d 2.) 5d Prepared by: Sahana M. Ayer Mail after recording to: Gayle Wilson, Orange Co. Solid Waste, P.O. Box 17177, Chapel Hill, NC 27516 NORTH CAROLINA LEASE AGREEMENT AND RIGHT OF FIRST REFUSAL ORANGE COUNTY LEASE AGREEMENT THIS AGREEMENT made and entered into this day of May, 2012, by and between Orange County, a body politic and corporate of the State of North Carolina, (hereinafter called the "County "), and Elizabeth T. Walters (hereinafter called the "Owner "); WHEREAS, on the 5th day of April, 2000, the parties hereto entered into a certain lease recorded in Book 2065 at Page 528, Orange County Registry, whereby the Owner leased to the County for a period of five (5) years the premises known and described in Deed Book 2065 at Page 528, Orange County Registry; WHEREAS, the parties agreed to extend the period for which the said premises were leased for an additional five (5) year term on beginning on July 27, 2010, that being the second of a possible ten (10), five (5) year terms; WHEREAS, the County intents to make significant improvements to the solid waste convenience center located on the premises at a substantial financial investment; WHEREAS, the parties have mutually agreed to the termination of the existing lease of the premises upon the effective date of a lease of the premises described herein, subject to the terms and condition of this lease agreement ( "Lease Agreement ");