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'The term of this Agreement shall be from July 1, 2000 through June 30, 2001 unless <br /> sooner terminated by either parry giving 30 days prior written notice to the other of <br /> intention to terminate. This Agreement may be extended for an additional year if <br /> mutually agreed to by both parties. <br /> The laws of North Carolina shall govern the validity and interpretation of the provisions, <br /> terms and conditions of this Agreement. <br /> IN WITNESS WHEREOF, Orange County and Sportsplex have executed this Agreement <br /> on the date first written above. <br /> Orange County Sportsplex <br /> By: p By: <br /> Chair or Designated Official C r Designated Official <br /> Date: Date: <br /> fn:optransragreements\fy0l\sptplx-d.doc <br /> Page 2 of 2 <br />