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w <br /> ORIGINAL. SIGNATURES $K <br /> STATE OF NORTH CAROLINA CGpy ,m — 3 <br /> COUNTY OF ORANGE LEASE AGREEMENIWIVEvVA'L- 1;�o�'�'� <br /> THIS LEASE AGREEMENT RENEWAL made on the 1st day of June, 1999 by and between Queue, <br /> Corporation, 501 West Franklin Street, Suite 201, Chapel Hill, North Carolina, hereinafter referred to as <br /> Tenant and Orange County, a politic subdivision of the State of North Carolina, Post Office Box 8181, <br /> Hillsborough, North Carolina, hereinafter referred to as "County". <br /> WITNESSETH: <br /> WHEREAS, a lease agreement was made and entered into as of the 1st day of June, 1997, a copy of <br /> which is attached as Exhibit A, between the County and Tenant; <br /> WHEREAS, County and Tenant desire to renew the lease agreement and amend it; <br /> NOW THEREFORE, County and Tenant mutually agree to the following: <br /> 1. Section 3 of Exhibit A shall be modified to read: <br /> (a) This lease renewal commence on July 1, 1999 and shall continue for a term of six <br /> months, which ends on January 31, 2000, both dates inclusive, unless sooner <br /> terminated as herein provided. <br /> (b) Tenant shall have an option to renew this lease for one additional renewal period of <br /> six months under the same terms and conditions thereof. The option to renew must <br /> be exercised by the Tenant on or before 60 days prior to expiration of the then existing <br /> term of the lease. <br /> 2. Section 2 (b) shall be modified to read: <br /> (b) The Tenant agrees to pay the County without demand at its office, or at such other <br /> place or places as County may from time to time designate in writing, the following rents and <br /> taxes for the aforementioned Premises for the term of this lease: <br /> Base rent: $936 per month; $5,516 semi-annually <br /> Taxes: $ 96 per month; $ 576 semi-annually, subject to requirements pursuant to <br /> Section 3(c) of Exhibit A. <br /> 3. All other terms and conditions of Exhibit A shall remain the same. <br /> This the ~I r' day of �'�y , 1999. <br /> Queue Corporation: Witness: <br /> By: - (Seal) /�, l J > 'L <br /> Orange County Attes <br /> By � r h (Seal) <br /> Alice M. Gordon, Chair Beverly A.Nflythe, Clerk <br /> Board of County Commissioners Board of County Commissioner <br />