2001 NS Purchasing - Lease Contract Renewal for Property Management Services: 501 W. Franklin St.

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STATE OF NORTH CAROLINA COUNTY OF ORANGE LEASE RENEWAL AGREEMENT THIS LEASE AGREEMENT RENEWAL made on the 5`h day of June, 2001 by and between Brokerage Resources, Inc. 501 West Franklin Street, Suite 105, Chapel Hill, North Carolina, hereinafter referred to as Tenant and County of Orange, a political subdivision of the State of North Carolina, Post Office Box 8181, Hillsborough, North Carolina, hereinafter referred to as "County ". WITNESSETH: WHEREAS, a lease agreement was made and entered into as of the 1s' day of July, 2000, a copy of which is attached as Exhibit A, between the County and Tenant; WHEREAS, County and Tenant desire to renew the lease agreement and amend it; NOW THEREFORE, County and Tenant mutually agree to the following: Section 3 of Exhibit A shall be modified to read: (a) This lease shall commence on July 1, 2001 and shall continue for a term of one year, which ends on June 30, 2002, both dates inclusive, unless sooner terminated as herein provided. 2. Section 2(b) shall be modified to read: (b) The Tenant agrees to pay the County without demand at its office, or at such other place or places as County may from time to time designate in writing, the following rents and taxes for the aforementioned Premises for the term of this lease: July 1, 2001 through June 30, 2002: Base rent: $1,140 per month; $13,680 per year Taxes in lieu: $100 per month; $1,200 per year 3. All other terms and conditions of Exhibit A shall remain the same.