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<br /> COMMERCIAL LEASE AGREEMENT
<br /> THIS COMMERCIAL LEASE AGREEMENT ("Lease") is made and entered into as of the
<br /> Date of Lease (as hereinafter defined) by and between 1000 CORPORATE DRIVE, LLC, a North
<br /> Carolina limited liability company ("Landlord"); and ORANGE COUNTY, NORTH CAROLINA, a
<br /> body politic and corporate and a political subdivision of the State of North Carolina("Tenant").
<br /> FOR AND IN CONSIDERATION of the terms, covenants and conditions set forth below and
<br /> other good and valuable consideration,the receipt and sufficiency of which are hereby acknowledged,the
<br /> parties hereto covenant and agree as follows:
<br /> 1. PREMISES. Subject to each of the terms, covenants and conditions set forth below,
<br /> Landlord leases and rents unto Tenant, and Tenant leases and rents from Landlord, all of that certain real
<br /> property located in Orange County,North Carolina,having the following physical address and description
<br /> (the"Premises):
<br /> Address: 1000 Corporate Drive, Suites 401 and 402,Hillsborough,NC 27278
<br /> Additional Description: Approximately 2,850 square feet.
<br /> (X) See attached Exhibit A for additional description of the Premises.
<br /> When and as used in this Lease, the term "Building" shall mean (a) the building in which the
<br /> Premises are located if the Premises are less than the entire building, or (b) any commercial use building,
<br /> the entirety of which constitutes all or a part of the Premises.
<br /> Unless otherwise expressly provided in this Lease,Landlord shall deliver the Premises to Tenant,
<br /> and Tenant shall accept the Premises from Landlord, in such AS-IS condition as the Premises exist on the
<br /> date of this Lease.
<br /> 2. TERM. The initial term of this Lease shall commence on March 16, 2020 (the
<br /> "Commencement Date") and shall end at midnight (local time) on February 28, 2023 (the "Expiration
<br /> Date") unless sooner terminated as hereinafter provided. Notwithstanding the foregoing, and provided that
<br /> Tenant is not in default under any term, covenant and/or condition contained in this Lease, Tenant shall have
<br /> the right and option to extend the initial term of this Lease for two(2)terms of one (1)year each as provided
<br /> below. The first extension term shall commence,if at all,on March 1,2023 and end at midnight(local time)
<br /> on February 29, 2024 unless sooner terminated as hereinafter provided. Tenant shall exercise its right and
<br /> option to extend the initial term of this Lease for a term of one(1)year, if at all,by delivering written notice
<br /> of Tenant's exercise of its right and option to extend the Lease to Landlord not later than October 31, 2022.
<br /> In the event Tenant shall deliver such written notice to Landlord when and as provided above,the initial term
<br /> of this Lease shall then and thereupon be extended, subject to all of the terms, covenants and conditions
<br /> contained in this Lease, until midnight (local time) on February 29, 2024 unless sooner terminated as
<br /> hereinafter provided. In the event Tenant shall fail,for any reason,to deliver such written notice to Landlord
<br /> on or before October 31, 2022 as hereinabove provided, the initial term of this Lease shall end at midnight
<br /> (local time) on the Expiration Date unless sooner terminated as hereinafter provided. The second extension
<br /> term shall commence, if at all, on March 1, 2024 and end at midnight (local time) on February 28, 2025
<br /> unless sooner terminated as hereinafter provided. Tenant shall exercise its right and option to extend the
<br /> Lease for a second additional term of one(1)year, if at all,by delivering written notice of Tenant's exercise
<br /> of its right and option to extend the Lease to Landlord not later than October 31, 2023. In the event Tenant
<br /> shall deliver such written notice to Landlord when and as provided above, the term of this Lease shall then
<br /> and thereupon be extended, subject to all of the terms,covenants and conditions contained in this Lease,until
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