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LEASE MODIFICATION <br /> THIS MODIFICATION OF LEASE made and entered into this [ � day of <br /> r to , 20 IZA by and between HILLSBOROUGH COMMONS , LLLP as (hereinafter <br /> "Lan lord" and/or eller") , and ORANGE COUNTY, NORTH CAROLINA , (hereinafter <br /> "Buyer" and/or " County" and/or " Tenant") ; <br /> WITNESSETH : <br /> Recitals <br /> Whereas Landlord and Tenant entered into that certain Lease Agreement dated July 25 , <br /> 2008 , modified January 12 , 2015 , modified November 12 , 2015 and modified September 20 , <br /> 2018 in connection with certain premises situated and being in Orange County and the State of <br /> North Carolina being more particularly described in said Lease Agreement ; and <br /> Whereas , Tenant has leased Unit 01 and Unit 03 containing 66 , 444 square feet which <br /> agreement has an expiration date of January 21 , 2024 , subject to three ( 3 ) renewal option of five <br /> (5 ) years each, with rent escalations at the beginning of each such renewal option ; and <br /> Whereas , Tenant ' s portion of the Shopping Center has been platted separately from the <br /> balance of the Shopping Center ; and <br /> Whereas , to properly allocate each separate parcel Landlord desires to amend the Lease <br /> Agreement to modify the Base Year Stop and Tenant ' s Proportionate Share to reflect Tenant ' s <br /> building exclusively ; and <br /> Whereas , Tenant and Landlord have agreed upon the terms of the Base Year Stop and <br /> Tenant ' s Proportionate Share and desire to so modify the Lease . <br /> Now, therefore , for and in consideration of the sum of $ 1 . 00 and other good and valuable <br /> consideration each to the other paid the receipt and sufficiency of which consideration is hereby <br /> acknowledged , the parties hereto hereby agree as follows : <br /> Terms : <br /> 1 . The recitals to this Modification are hereby incorporated into and made a part of this <br /> Agreement . <br /> 2 . As a result of the re -platting of the Shopping Center, each parcel shall stand on its <br /> own . Landlord will re - contract with the vendors so that expenses are charged for <br /> each parcel separately to maintain clarity of maintenance for each parcel . <br /> 3 . Section 1 . BASIC LEASE PROVISIONS , (21 ) County ' s Proportionate Share : <br /> 61 . 64 % shall be deleted in its entirety and shall be replaced with : Section L BASIC <br /> LEASE PROVISIONS , (21 ) County ' s Proportionate Share : 100 % . <br /> 4 . Section 1 . BASIC LEASE PROVISIONS , (22 ) Base Year Stop : $ 221 , 751 shall be <br /> deleted in its entirety and shall be replaced with : Section 1 . BASIC LEASE <br /> PROVISIONS , (22 ) Base Year Stop : $ 136 , 687 . 32 , <br /> 5 . In all other respects said Lease Agreement shall remain in full force and effect <br /> unchanged and shall not be altered in any way by this modification . <br /> 6 . This Modification may be signed and delivered by facsimile or email and may be signed <br /> in counterparts , which together shall constitute one Modification . <br /> [REMAINDER OF PAGE LEFT BLANK INTENTIONALLY] <br /> LEASE MODIFICATION - HILLSBOROUGH COMMONS <br /> ORANGE COUNTY <br /> 1 <br />