Browse
Search
Agenda - 10-18-2022; 8-h - Inspection Period Extension for the Executed Lease Agreement with Well Dot, Inc.
OrangeCountyNC
>
BOCC Archives
>
Agendas
>
Agendas
>
2022
>
Agenda - 10-18-2022 Business Meeting
>
Agenda - 10-18-2022; 8-h - Inspection Period Extension for the Executed Lease Agreement with Well Dot, Inc.
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/13/2022 1:26:30 PM
Creation date
10/13/2022 1:21:28 PM
Metadata
Fields
Template:
BOCC
Date
10/18/2022
Meeting Type
Business
Document Type
Agenda
Agenda Item
8-h
Document Relationships
Agenda for October 18, 2022 BOCC Meeting
(Message)
Path:
\BOCC Archives\Agendas\Agendas\2022\Agenda - 10-18-2022 Business Meeting
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
31
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
30 <br /> WELL DOT, INC. <br /> 419 W. Franklin Street <br /> Chapel Hill,NC 27516 <br /> October 5, 2022 <br /> VIA EMAIL AND HAND DELIVERY <br /> Orange County <br /> Director, Asset Management Services <br /> Margaret Lane <br /> Hillsborough,NC 27278 <br /> Email: ALL AMS M NAGEMENTaoran ecoun nc. ov <br /> Re: Lease dated June 8, 2022 (as amended, the "Lease") by and between Orange County, a political <br /> subdivision of the State of North Carolina ("Landlord") and Well Dot,Inc. ("Tenant") <br /> Dear Sir or Madam: <br /> By this letter agreement ("Letter Agreement"), we desire to amend Section 23 of the Lease for the purpose <br /> of extending the Inspection Period so that it shall now expire on Monday, November 21, 2022. As <br /> communicated to Landlord, Tenant has encountered issues with the groundwater at the premises under the <br /> Lease in its environmental due diligence, and requires the additional Inspection Period time for purposes of <br /> conducting further testing thereon to determine the suitability of the premises for Tenant's use. During such <br /> extended Inspection Period, Tenant reserves the right to terminate the Lease by providing written notice to <br /> Landlord of such termination prior to the expiration of such extended Inspection Period. <br /> As, without the foregoing amendment, the Inspection Period expires tomorrow, on October 6, 2022, in the <br /> event that Landlord has not countersigned and acknowledged this Letter Agreement where indicated below, <br /> this Letter Agreement shall also serve as Tenant's official written notice tenninating the Lease pursuant to <br /> Section 23 of the Lease. Notwithstanding the foregoing, in the event that Landlord countersigns and <br /> acknowledges this Letter Agreement where indicated below after October 6, 2022, but prior to October 31, <br /> 2022 (the "Outside Effectiveness Date"), then the Lease shall automatically be reinstated and shall be <br /> deemed in full force and effect in all respects, including the amendment to Section 23 set forth in this Letter <br /> Agreement. Following the Outside Effectiveness Date, the reinstatement of the Lease pursuant to this Letter <br /> Agreement shall be nullified regardless of any subsequent execution by Landlord, and the Lease shall be <br /> deemed terminated and of no further force or effect. <br /> Very truly yours, <br /> WELL DOT, INC. <br /> By: <br /> Name: 3Ag© SoK-6 K-( <br /> Its: 04tt'T FwAiiCtAL ofiftuu7L,-WAS -%rrt rZ- <br /> [LANDLORD SIGNATURE ON FOLLOWING PAGE] <br /> exax2\1958522vi <br />
The URL can be used to link to this page
Your browser does not support the video tag.