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MEMORANDUM OF LEASE <br />The ArtsCenter, Inc., of 300G East Main Street, Carrboro, <br />North Carolina, for a term beginning July 1, 1992 and continuing <br />for a maximum period of five (5) years. County may provide 90 days <br />written notice and terminate lease without penalty after July 1, <br />l <br />1995. Leased premises include e as 1, 2, <br />2122 square t located at 300G East <br />3,4 and Kitchen in a building <br />Main Street, Carrboro, North Carolina. <br />The provisions set forth in written99leaseeagreement between <br />the parties dated the 29th day of June, <br />incorporated in this memorandum. <br />The ArtsCenter, Inc. <br />(Seal) <br />Executive Director <br />orange County <br />(Seal) <br />Moses Carey Jr•, Chair <br />Board of County Commissioners <br />ATTEST: <br />(Official Seal) <br />Beverly A. Blythe, Clerk to the Board <br />5 <br />