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amount equal to the then market rate for comparable space in Carrboro, North Carolina or such <br /> other rate as may be agreed upon by Landlord and Tenant. Landlord and Tenant agree to <br /> establish the rent due for the extended term within thirty(30)days of Tenant's exercise of the <br /> option herein granted. If the parties are unable to agree as to rent to be paid for the extended <br /> term within the aforesaid thirty(30)day period,then this Lease shall expire absolutely as of its <br /> original expiration date as if Tenant had not exercised the option herein granted. In no event <br /> shall rent due for the extended term be less than the previously existing rate of rent under this <br /> Lease. <br /> PLEASE INITIAL <br /> 21. SPECIAL CONDITIONS, EXHIBITS AND ADDENDA. The following special conditions, <br /> if any, shall apply, and where in conflict with earlier provisions in this Lease shall control. If any <br /> Lease Exhibits or Addenda are noted below, such exhibits and addenda are incorporated herein <br /> and made a part of this Lease. If there are no special conditions, exhibits or addenda,the word <br /> NONE shall be written in the blank below: <br /> The ArtsCenter shall repair and keep in good operating condition, the <br /> stove and refrigerator in the kitchen area. <br /> PLEASE INITIAL <br /> C:IMSOFFICE\W INW ORMRLEASE.DOC <br /> 5 <br />