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3 <br />North Carolina <br />Orange County <br />LICENSE AGREEMENT <br />This License Agreement is made effective as of this the day of <br />2007, by and between the FIRST BAPTIST CHURCH OF <br />HILLSBOROUGH, INC., having an address of 201 W. King Street, Hillsborough, North <br />Carolina 27278, ("Licensor") and the COUNTY OF ORANGE, NORTH CAROLINA, a <br />body politic and corporate, a political subdivision of the State of North Carolina, having <br />an address of P.O. Box 8181, Hillsborough, North Carolina 27278 ("Licensee"). <br />WITNESSETH: <br />WHEREAS, due to a diminished number of available parking spaces for <br />employees of Licensee, Licensee desires to have the use of approximately thirty three <br />(33) parking spaces owned by Licensor during construction of the justice facility; and <br />WHEREAS, Licensor desires to allow Licensee the use of the parking spaces <br />during the construction of the justice facility. <br />NOW, THEREFORE, for good and valuable consideration, and subject to the <br />terms and conditions hereinafter set forth, Licensor does hereby license unto Licensee <br />and Licensee does hereby accept as Licensee of Licensor the parking spaces lying and <br />being in Orange County, North Carolina, described more fully herein. <br />SECTION ONE <br />GRANT OF LICENSE: DESCRIPTION OF PREMISES <br />Licensor hereby grants to Licensee a license to occupy and use thirty three (33) <br />parking spaces (the "Parking Spaces" or "Parking Space.") The Parking Spaces are <br />located behind the First Baptist Church of Hillsborough having a physical address of 201 <br />W. King Street, Hillsborough, North Carolina 27278 (the "Property"). <br />There are two parking lots located on the Property, an "upper lot" and a "lower <br />lot." It is expressly understood and agreed that the Parking Spaces licensed herein are <br />located in the lower lot. Licensee shall not occupy any parking spaces on the Property <br />other than those spaces located in the lower lot. Licensee shall install, at its sole cost and <br />expense, signage indicating which spaces in the lower lot are subject to this License <br />Agreement. Licensor shall approve the size and type of sign prior to the same being <br />installed on the Property. <br />