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I <br /> 3 <br /> ` STATE OF NORTH CAROLINA <br /> COUNTY OF ORANGE LEASE RENEWAL <br /> THIS LEASE RENEWAL, made and entered into this, the 21 st day of October, 1997, <br /> between CARRBORO BELMAN, S.C. LIMITED PARTNERSHIP, by Goodman Segar <br /> Hogan Hoffler, L.P. (Landlord) and the County of Orange (COUNTY); <br /> WHEREAS a lease agreement was made and entered into as of the 6th day of <br /> February, 1995, and amended April 18, 1995, between the COUNTY and the <br /> LANDLORD; <br /> WHEREAS, the COUNTY and the LANDLORD desire to renew the Lease Agreement; <br /> NOW THEREFORE, the COUNTY and the LANDLORD mutually agree to the following: <br /> Section 2"Term" shall be modified to read: <br /> 2. Term. The term of this Lease.Renewal shall commence on February 1, <br /> 1998 and shall continue for a period of three (3) years, with expiration at 12:00 <br /> midnight on January 31, 2001, unless sooner terminated as hereafter provided. <br /> Section 3 "Guaranteed Minimum Rental" shall be modified to read: <br /> 3. Effective February 1, 1998, the COUNTY agrees to pay to the LANDLORD at <br /> the office of the LANDLORD or at such other place designated by the <br /> LANDLORD, , guaranteed rental amount as follows: <br /> February 1, 1998-January 31, 1999: $885 per month <br /> February 1, 1999-January 31, 2000: $929 per month <br /> February 1, 2000-January 31, 2001 $976 per month <br /> Rent is due and payable by the first calendar day of each month. <br /> All other terms and conditions shall remain the same. <br /> The parties hereto have executed this LEASE RENEWAL as of the date and year first <br /> written above. <br />