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c <br /> xaws•ercialgifiBpce <br /> COMMERCIAL LEASE AGREEMENT <br /> 119 (Single Tenant Facility) <br /> REAUORO North Carolina Assodallon <br /> ❑fRFALTORV <br /> (Note: This form is not intended to be used as a Sublease and SHOULD NOT be used in Sublease circumstances) <br /> TIIIS COMMERCIAL LEASE AGREEMENT, including any and all addenda attached hereto ("Lease"), is by and between <br /> Ticon,Inc <br /> a(n)NC Corporation ("Landlord'), <br /> (individual or State of formation and type of entity <br /> whose address is 5836 Fayetteville Road,Suite 203,Durham,NC 27713 ,and <br /> Orange County , a(n) <br /> NC Local County Government ("Tenant"). <br /> (individual or State of formation and type of entity <br /> whose address is P.O.Box 8181,Hillsborough,NC 27278 <br /> ❑ If this box is checked, the obligations of Tenant under this Lease are secured by the guaranty of <br /> NIA (name(s) of guarantor(s)) attached hereto and <br /> incorporated herein by reference. (Note:Any guaranty should be prepared by an attorney at law.) <br /> For and in consideration of the mutual promises set forth herein and other good and valuable consideration,the receipt and sufficiency <br /> of which are hereby acknowledged,the parties hereto agree as follows: <br /> PREMISES <br /> I. Landlord leases unto Tenant, and Tenant hereby leases and takes upon the terms and conditions which hereinafter appear, the <br /> following described property,including any improvements located thereon(hereinafter called the"Premises"),to wit: <br /> (Address):405 Meadowlands Drive,Hillsborough,NC 27278 <br /> 91 All ❑ A portion of the property in Deed Reference: Book 2313 , Page No.131 ,orange County; <br /> consisting of approximately 1.0 acres. <br /> k <br /> Plat Reference: Lot(s) 9E Block or Section <br /> as shown on Plat Book or Slide f <br /> 85 at Page(s)51 ,Orange County,consisting o 1.0 acres. ' <br /> ❑If this box is checked, Premises shall mean that property described on Exhibit A attached hereto and incorporated herewith by <br /> reference. <br /> (For information purposes only,the tax parcel number of the Premises is:987470-5773 ) <br /> ❑ Occupancy Limitation: If this box is checked,notwithstanding any greater occupancy of the Premises which may be permitted by <br /> any law, statute, ordinance, regulation, rule (including rules enacted pursuant to any private use restrictions), as the same may be <br /> amended from time to time,Tenant shall not allow occupancy of the Premises to exceed persons per square feet <br /> in the Premises at any one time. <br /> TERM <br /> 2. The term of this Lease shall commence on 11/08/2019 ("Lease Commencement Date"),and shall end at 11:59 <br /> p.m. (based upon the time at the locale of the Premises) on 10/31/2022 unless sooner terminated as herein <br /> provided. The first Lease Year Anniversary shall be the date twelve(12)calendar months afler the first day of the first full month <br /> immediately following the Lease Commencement Date and successive Lease Year Anniversaries shall be the date twelve (12) <br /> calendar months from the previous Lease Year Anniversary. <br /> ❑ If this box is checked,Tenant shall have the option of renewing this Lease,upon written notice given to Landlord at least <br /> days prior to the end of the then expiring term of this Lease,for additional term(s)of years each. <br /> Page 1 of 2 <br /> STANDARD FORM 592-T <br /> Revised 712019 <br /> Tenant Initial Landlord Initials 0 7/2019 a <br /> REALTOR® <br /> e <br />