Agenda - 10-18-2022; 8-h - Inspection Period Extension for the Executed Lease Agreement with Well Dot, Inc.

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13 attorneys'fees for any attorneys representing Landlord. Tenant shall be responsible for all funds required to satisfy and cancel any assessments, judgments, liens, deeds of trust, or other financial encumbrances against the Property and the described portion of the Property save and except any such encumbrances incurred by the Landlord. (ii) If the option to purchase is exercised, Landlord shall credit against the purchase price the amount of the Deposit and the amount of Rent paid by Tenant to Landlord up to the date of the closing. (iii) This option to purchase is contingent upon and subject to the following terms and conditions: This option to purchase shall commence on the date of the full execution of this Lease and shall continue through the end of the initial 120-month term thereof. The purchase price shall be based on appraisals using income methodology with each party selecting an independent appraiser and negotiating any differences in the appraisals to arrive at a purchase price, but shall also be less the value of the initial $250,000 deposit and rent paid up to the date of closing. If the option to purchase is exercised by the Tenant the sale of the described portion of the Property shall occur within sixty(60) days after the date of the option to purchase notice. 4. RENT. (a) Initial Annual Base Rent. Tenant shall pay to Landlord annual base rent in the amounts set forth in the Rent Summary set forth hereinabove (during the first six(6) Lease Years) and pursuant to Section 4(b) below thereafter. For each succeeding Lease Year of the Term and any optional extensions, Tenant shall pay to Landlord annual base rent as determined pursuant to this schedule and subsection (b)below, payable in equal monthly installments commencing on the first day of each Lease Year. All monthly base rent payments shall be due on the first day of each month in advance, without notice or demand. All rent payments shall be made to Landlord at: Orange County, Finance and Administrative Services, P.O. Box 8181 Hillsborough, NC 27278, or at such other place as Landlord may designate from time to time in writing. (b) Annual Base Rent after Sixth Lease Year. In the event that Tenant has not elected to purchase the Premises pursuant to Section 3(d) above, within one hundred eighty (180) days prior to the commencement of the seventh (7th) Lease Year, Landlord and Tenant shall work together diligently and in good faith to determine the fair market rental value of the Premises for the seventh (7th) Lease Year,with the parties to select a commercial property broker with at least 10 years' relevant experience in the Chapel Hill market area. In the event that the parties cannot agree upon a commercial property broker for such determination,they shall each select a commercial property broker with at least 10 years' relevant experience in the Chapel Hill market area, and the rent shall be the average of the good faith determination made by both such brokers. The parties shall then enter into an amendment to this Lease setting forth the annual base rent for the seventh (7th) Lease Year, which annual base rent shall thereafter escalate by two percent (2%) per annum at the beginning of each further Lease Year thereafter. (c) Base Rent for Partial Month. Base rent due for any partial month at the beginning of the Term shall be $1,108.41 per day, payable in advance on the Commencement Date. Base rent due for any partial month at the end of the Term shall be determined on a per diem basis, using the then applicable annual base rent. Calculation of Rents is based on the annual rent amount divided by a 365-day year. (d) Intentionally omitted. (e) Intentionally omitted. (f) Additional Rent. All other charges, costs and sums required to be paid by Tenant to Landlord under this Lease shall be deemed to be additional rent, and shall be collectable by Landlord as such. (g) Independent Covenant. The obligation to pay any and all rent hereunder is a separate and independent covenant of Tenant, and no breach or alleged breach by Landlord of the terms hereof shall give Tenant any right to withhold or escrow any rental payments when due. 5. LATE PAYMENT. Tenant recognizes and acknowledges that if rent payments are not received when due, Landlord will suffer damages and additional expense. Tenant therefore agrees that a late fee equal to five (5%) percent of the rent which is late may be assessed by Landlord as additional rent if the Landlord has not received any monthly installment of annual rent or other rent or additional rent due pursuant to this Lease within five (5) days of its due date. If any check given in payment of rent is not honored when due, Landlord may assess the late fee and may also require that subsequent rent payments be made by certified or cashier's check. Landlord's rights under this Section 5 are in addition to and may be exercised cumulatively with Landlord's rights and remedies under Section 14 below. 6. DEPOSIT. Within ten (10) business days following the expiration of the Inspection Period, Tenant shall pay to Landlord the sum of two hundred fifty thousand dollars($250,000.00) as a deposit. The deposit, Landlord — Teirant-- Initials Initials