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5 <br />presently leased by Georgia- Pacific Corporation, a Georgia <br />corporation, whose principal place of business is 133 Peachtree <br />Street, N.E.; Atlanta, Georgia 30303, pursuant to an unrecorded <br />Lease Assignment and Assumption Agreement, a.copy of which is <br />Exhibit D. <br />b. The lease between the Industrial Development <br />Corporation in the County of Orange and Georgia - Pacific <br />Corporation expires. midnight October 1, 1997 or on a date sooner <br />than that if bonds issued by the Industrial Development <br />Corporation in the County of Orange, North Carolina are fully <br />paid and retired, in which event the lease expires on the date <br />they are fully paid-and retired. Further, the lease between the <br />Industrial Development Corporation in the County of orange, North <br />Carolina and Georgia- Pacific Corporation, upon its expiration, is <br />automatically renewed or extended for not exceeding five <br />additional terms of four years each unless notice is given in <br />writing by Georgia- Pacific Corporation at least 30 days before <br />the end of the expiration of the original term or any renewal or <br />expiration term thereof, of its intention to terminate the lease <br />at the end of such term, in which event the lease shall terminate <br />in accordance with such notice. <br />c. ' It is anticipated by Landlord and Tenant that <br />Georgia- Pacific Corporation will provide notice to the Industrial <br />Development Corporation in the County of Orange of its intention <br />to terminate the lease between them at the' end of the original <br />term. Further, at the expiration of the original term of the <br />lease between the Industrial Development Corporation in'the <br />County of Orange, North Carolina and Georgia- Pacific Corporation, <br />and contemporaneously with the bonds being fully paid and <br />retired, a Warranty Deed of the Premises, which warranty deed <br />names Landlord. as the grantee,. will. be deliv.eared...to ..Landl.ord..as........ . <br />described in Exhibit B. <br />d. Provided Georgia- Pacific Corporation effectively <br />terminates the lease between it and the Industrial Development <br />Corporation in the County of Orange effective midnight October 1, <br />1997, the original term of this Lease shall commence on midnight, <br />October 1, 1997 and shall end at midnight on September 30, 2007, <br />subject to the provisions of this Lease including particularly <br />Paragraph -Al hereof. This Lease shall, upon the expiration of <br />the original term, be automatically renewed or extended for not <br />exceeding two additional terms of five years each unless and <br />until notice be given in writing by Tenant at least 30 days <br />before the end of the original term, or any renewal or extension <br />term thereof, of its intention to terminate the Lease at the end <br />of such term, in which event the Lease shall terminate in <br />accordance with such notice. All such renewal terms shall be <br />upon the terms and conditions herein specified or as otherwise <br />agreed upon by Landlord and Tenant except that the rental during <br />any such renewal term shall be in an amount equal to the fair <br />rental value of the property as agreed upon by Landlord and <br />Tenant. When used herein, the original term and the additional <br />