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26 <br /> LEASE PROVISIONS INFORMATION SHEET <br /> TYPE OF LEASE: Q New Renewal Expansion Option Change/Adj. <br /> BUSINESS NAME: Orange County <br /> TENANT: Orange County, a NC political subdivision <br /> ADDRESS: <br /> (0) F) <br /> (C) (H) <br /> (e-mail) <br /> PROPERTY ADDRESS: Europa Center— Suite 101 <br /> 100 Europa Dr., Chapel Hill, NC 27517 <br /> LANDLORD: EUROPA CENTER, LLC <br /> NOTICE ADDRESS: Avison Young - NC, LLC <br /> 100 Europa Dr—Suite 190, Chapel Hill, NC 27517 <br /> RENT PAYMENTS: Europa Center, LLC, c/o Avison Young - NC, LLC <br /> P.O. Box 900002, Raleigh, NC 27675-9000 <br /> LEASE TERM: Three (3) Years RENT PSI=: $21.00 <br /> RENTABLE SO. FTG: 10,615 LEASE SIGNED: January , 2020 <br /> LEASE COMMENCES: March 1, 2020 MOVE-IN DATE: March 1, 2020 <br /> RENT COMMENCES: March 1, 2020 LEASE EXPIRES: February 28, 2023 <br /> MONTHLY BASE RENT: $18,576.25 ANNUAL BASE RENT: $222,915.00 <br /> RENT ADJUSTMENTS: An annual fixed increase of Three percent (3 %) to the Base Rent on the lease <br /> anniversary date. - See RENT SUMMARY for schedule. <br /> OPERATING EXPENSE ADJUSTMENT: Base year is established as 2020. <br /> PRORATION: Calculation of Rents is based on the annual rent amount divided by a 365 day year. <br /> OPTION TO RENEW: Provided the Tenant is not in default of any terms of this lease, at the end of the Initial <br /> Term, this Lease may be extended for Two(2)terms of One(1)year each, commencing at the expiration of <br /> the initial term with Ninety(90) days prior written notice. <br /> ALL RENTS ARE DUE ON THE Is` DAY OF EACH MONTH: Any payment not received by the 5th of the <br /> month will incur an automatic late fee of Five (5 %) percent. <br /> SECURITY DEPOSIT: An amount equal to one(1)month rent of$NIA will be held as a Refundable Security <br /> Deposit. <br /> PAID BY LANDLORD: Property Taxes, Insurance, Exterior and Common Area Maintenance, All Utilities <br /> including Common Area(Electrical,Water&Sewer), Security, Management, HVAC Maintenance,Janitorial, <br /> Trash Removal and Extermination. <br /> PAID BY TENANT: Fire & Extended Coverage Insurance for tenant contents, Commercial General Liability <br /> Insurance for Tenant, all telephone, cable, internet, etc. installation costs and monthly service charges, and <br /> pro-rats share of Operating Expense increases over base year. <br /> Revised 3/12 <br /> Page I -THE EtTROPA CENTER Lease <br /> Landlord Tenant <br /> Initials Initials <br />