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2 <br /> Is#LEASE MODIFICATION AGREEMENT <br /> AND <br /> EXERCISE OF OPTION <br /> This 1st Lease Modification Agreement and Exercise of Option made and entered into as of <br /> 12022, by and between EUROPA CENTER, LLC,herein represented by its duly authorized <br /> agent,AVISON YOUNG—NC,LLC, 100 Europa Dr.,Suite 190,Chapel Hill,NC 27517,hereinafter,"Landlord" <br /> and ORANGE COUNTY,a NC political subdivision,hereinafter,"Tenant <br /> Whereas Tenant and Landlord entered into that certain Lease(the"Lease")dated March 1st,2020 for Suite 101 in <br /> the Europa Center office building,and <br /> Whereas Tenant wishes to extend its occupancy in the Leased Premises under the terms and conditions as stated in <br /> the Lease,and <br /> Whereas Tenant has provided Landlord with adequate notice in order to exercise its Option to Renew (the <br /> "Option")as provided in Section 3(b)of the Lease,and <br /> Whereas Tenant acknowledges that the Option provides for the exercise of Two(2)One(1)year terms and desires <br /> to exercise both One(1)year terms simultaneously,and <br /> Therefore,the parries hereto do mutually agree and covenant as follows: <br /> 1. The Tenant hereby exercises its Option ror both One(1)year terms to expire February 28,2025, <br /> 2. The Base Rent due under the Lease shall be payable as shown in Section 4(a)of the Lease and repeated as <br /> rollows: <br /> Optlon Term' N of Mordhs Stan Dale End Date sr PSF Rafe SIM rAh Total S <br /> 1 12.00 OM1123 02r2W4 10.615 $22.95 $20.298.77$243.58524 <br /> 1 1200. 03JO1124 02r2W5 10.615 $23.64 $20.907,73$250.892.80 <br /> 3. Alt other terms and conditions of said Lease to the extent not expressly modified hereby shall remain <br /> unchanged and in full force and effect. <br /> IN WITNESS WHEREOF,Landlord and Tenant have duly executed this Ist Lease Modification Agreement and <br /> Exercise of Option as of the day and year first above written. <br /> Landlord: <br /> EUROPA CENTER, LLC herein represented by its duly <br /> authorized agent, AVISON YOUNG — NC, LLC, 100 Europa <br /> Dr.,Suite 190,Chapel Hi11,NC 27517 <br /> Attest: <br /> By: (SEAL) <br /> John P.Graham,Principal <br /> Tenant: <br /> ORANGE COUNTY,a NC political subdivision <br /> Attest: <br /> By: (SEAT.) <br /> Bonnie B.Hammersley,County Manager <br /> THE EUROPA CENTER Lease <br /> Landlord Tenant <br /> Initials Initials <br />