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154 <br /> PAGE 1 <br /> LEASE AGREEMENT <br /> NORTH CAROLINA <br /> ORANGE COUNTY <br /> A THE LEASE _AGREEMENT MADE THIS DAY OF <br /> . r 19. BETWEEN ORANGE COUNTY, NORTH CAROLINA, WHOSE <br /> PRINC PI AL PLACE OF BUSINESS IS 106 EAST MARGARET LANE, HILLSBOROUGH, <br /> NORTH CAROLINA, HEREINAFTER CALLED THE LESSOR AND MAKE OPPORTUNITIES, <br /> INC. WHOSE PRINCIPAL OF PLACE OF BUSINESS IS: 567 E. HARGETT ST. <br /> RALEIGH, NORTH CAROLINA HEREINAFTER CALLED THE TENANT. <br /> WITNESSETH <br /> IN CONSIDERATION OF THE MUTUAL BENEFITS TO THE LESSOR AND TO THE <br /> TENANT, AND OF THE CONVENANTS AND AGREEMENTS UPON THE PAR1 OF THE <br /> LESSOR AND THE TENANT TO BE KEPT AND PERFORMED, THE LESSOR HEREBY <br /> DEMISES AND LEASES TO THE TENANT, AND THE TENANT LEASES AND TAKES FROM <br /> THE LESSOR THE PREMISES SHOWN ON THE FLOOR PLAN ATTACHED HERE TO AS <br /> EXHIBIT A AND BY REFERENCE MADE A PART HERE OF (HEREIN CALLED THE <br /> LEASED PREMISES) LOCATED AT: CEDAR GROVE MULTIPURPOSE CENTER MORE <br /> SPECIFICALLY DESCRIBED IN EXHIBIT A, ATTACHED HERE TO BE OCCUPIED AND <br /> USED AS A DAY CARE CENTER AND FOR THE TERMS AND CONDITIONS HEREIN SET <br /> FORTH. <br /> (1) TERM OF LEASE: <br /> THE TERM HEREOF SHALL COMMENCE ON THE FIRST DAY OF JANUARY, 1953 <br /> AND SHALL END AT 12: 00 MIDNIGHT ON THE 30TH OF JUNE, 1984. <br /> (2) RENTAL: <br /> TENANT SHALL PAY TO THE LESSOR THE SUM OF TWENTY SEVEN THOUSAND, <br /> TWO HUNDRED FOURTY DOLLARS ($27,240) PER ANNUM, PAYABLE IN MONTHLY <br /> INSTALLMENTS OF TWO THOUSAND, TWO HUNDRED SEVENTY DOLLARS (52,270) <br /> EACH DUE ON THE FIRST DAY OF EACH MONTH, INADVANCE DURING THE TERM OF <br /> THIS LEASE. THIS RENT SHALL BE SUSPENDED IN FAVOR OF INKINU <br /> CONTRIBUTION FROM THE LESSOR TO THE TENANT. <br /> (3) UTILITIES: <br /> THE TENANT SHALL PAY FUR ELECTRICITY AND FUEL FOR HEAT BASED ON <br /> THE FOLLOWING FORMULA: TOTAL SQUARE FOOTAGE USED BY TENANT (6, 150 So. <br /> FT. ) DIVIDED BY TOTAL USABLE SQUARE FOOTAGE OF THE BUILDING WHERE THE <br /> LEASED PROPERTY IS LOCATED; (33,773 SQ. FT. ) , TIMES THE AMOUNT AS <br /> THE ELECTRICITY AND FUEL FOR HEAT BILLS RECEIVED BY THE LESSOR DURING <br /> THE TERM OF THIS LEASE FOR THE BUILDING WHERE THE LEASED PROPERTY IS <br /> LOCATED. THE LESSOR SHALL SEND THE TENANT UN A TIMELY BASIS A <br /> STATEMENT ITEMIZING SUCH UTILITY CHARGES. PAYMENT SHALL BE DUE TO THE <br /> LESSOR WITHIN THIRTY (30) DAYS OF THE DATE ON THE STATEMENTS. THE <br /> LESSOR SHALL PAY FOR ALL HATER AND SEEKER CHARGES. <br /> 11 : 07:21 31 MAY 1983 <br />