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ORIGINAL SIGNATURES MT—t <br /> COPY ,* '3 <br /> NORTH CAROLINA MST: 0.6- <br /> COUNTY OF ORANGE <br /> EXERCISE OF LEASE OPTION <br /> Under the terms of a lease dated June 1, 1990,between Central Telephone Company-NC and the County of Orange, <br /> pursuant to Section 3.2 of attached lease(exhibit A),the County chooses to exercise the lease option for the leased <br /> premises located at 132 East King Street,Hillsborough,North Carolina;said option to commence on June 1, 1995 and <br /> shall end on May 31,2000. <br /> Section 4.1 is modified to read as follows: <br /> Lessee shall pay to Lessor as rental for the Premises the sum of eighteen thousand three hundred seventy five dollars <br /> ($18,375)per year,payable in equal monthly installments of one thousand five hundred thirty one dollars and twenty- <br /> five cents($1531.25),in advance on the first day of each month of the base term and any renewals thereof. <br /> All other terms and conditions of lease shall remain the same. <br /> The parties hereto have executed this Lease Option as of the date and year first above written. <br /> LESSOR: <br /> Central Telephone Company-NC <br /> WITNESS: ' <br /> BY: <br /> TITLE: Vice President—Operations <br /> LESSEE: <br /> ATTES : COU.'/' 41. BY <br /> Clerk,Orange ty <br /> Board of Commissioners <br /> This agreed t0 the�Av day of—�L��> 1995. <br />