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7 <br />presently .leased by Georgia--Pacific Corporation, a Georgia <br />corporation,. whose principal place of business is 133 Peachtree <br />Street, N.E., Atlanta, Georgia 30303, pursuant to an unrecorded <br />Lease Assignment and Assumption Agreement, a copjr of whicri is <br />Exhibit D. <br />b. The lease between the Industrial Development <br />Corporation in tYie County of :(]range and Georgia=Pacific <br />Corporation e3cpires midnight October 1, 1997 or on a date sooner <br />than. that if bonds issued by the Indust-vial. Development <br />Corporation in the County of Orange, North Carolina are fu11y <br />paid and retired, in which event the-lease expires on the date <br />they are fully paid and retired. Further, the .lease between the <br />Industrial Development Corporation iri the County of Orange,. North <br />Carolina and Georgia-Pacific Corporation, upon its expiration, i.s <br />automatically renewed or extended. for not exceeding five <br />additional. terms of four years eacYi,unle5s notice is given in <br />writing by Georgia=Pacific Corporation at .least 3;O days before <br />the end of the expiration of the original -term or any renewal or <br />expiration term, thereof, of its intention to terminate the lease <br />at the end of such term, i:n which event the lease shall. terminate <br />in accordance with such notice. <br />c. ~ Tt is anticipated by Lan.dlard and Tenant that <br />Georgia-Pacific Corporation will provide notice to the Industrial <br />Development Corporation in the County of Orange of .ts intention <br />to terminate the ].ease between them at the: end of the original <br />term. Further; at the expiration of the original term of the <br />lease between the Industrial Development Corporation in the <br />Counter of Qrange, North Carolina and Georgia-Pacific Corporation, <br />and contemporaneously with.ttie bands being fu7:ly:paid and <br />retired, a. Warranty Deed of the Premises, which warranty deed <br />names Landlord: as the grantee, wi3.1 be delivered to Landlord as <br />described in Exhibit H. <br />d. Provided Georgia-Pacific Corporation effectively <br />terminates the .lease between it and the Industrial Development <br />Corporation in the County of Orange effective midnight October 1, <br />1997, the ariginaT term of this Lease shall commence on midnight, <br />October 1, 1.997 and shall end at midnight on September 30, 2007, <br />subject to the. provisions of this Lease including particularly <br />Paragraph+-12.hereof: This Lease shall, upon the expiration of <br />the original term; be automatically renewed ar extended for not <br />exceeding-two additional terms of five years each unless and <br />until notice be given ire writing by Tenant at least 30 days <br />.before the end of the original term, or any renewal or extension <br />term thereof, of its intention to terminate the Lease at the end <br />of: such term, in which event the Lease shall terminate in <br />accordance with- such no ice. All-such renewal terms shall be <br />upon the terms and conditions herein specified or as otherwise <br />agreed upon by Landlord and. Tenant except that the rental during <br />any such renewal term shall be in an amount equal to the fair <br />rental value of the .property as agreed upon by Landlord and <br />Tenant. When used herein, the original term and the additional <br />