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2023-103-P-AMS-Europa Center -Europe lease for DSS Durham Tech
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2023-103-P-AMS-Europa Center -Europe lease for DSS Durham Tech
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Last modified
3/6/2023 10:33:19 AM
Creation date
3/6/2023 10:16:09 AM
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Contract
Date
2/15/2023
Contract Starting Date
2/15/2023
Contract Ending Date
3/2/2023
Contract Document Type
Lease
Amount
$33,452.37
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3 <br /> This ist Lease Modification Agreement and Exercise of Elation made and entered into as of <br /> ZQZ . by and between EITIt "A CENTER, LLiC, herein represented by its -duly autho .sized <br /> agent, AN ON YOUNG ITC, LLC , 100 Europa Dr. , Suite. 190 , Chapel Hill , INC 27517 , hereinafter,IA <br /> " Landlord " <br /> and ORANGE COUNTY, a NC political subdivision, hereinafter, " Tenant" . <br /> Whereas Tenant and Landlord entered into that certain Lease (the c'Lease") dated March 1 st, 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 noti I IN ce in order to exercise its option to renew (the <br /> "CJption") as provided in Section 3 (b) of the Lease; and <br /> Whereas Tenant acknowledges that the Option provides for the exercise of Tiro (2) One ( 1 ) year terms and desires <br /> to exercise both One. ( 1 ) year terms simultaneously, and <br /> Therefore; the parties hereto do mutually agree and covenant as follows : <br /> i <br /> L The "Tenant Hereby exercises its Option for both One ( 1 ) year terms toexpire February 28, 2025 . <br /> A <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 /> follows; <br /> pption Term* # of, Months Start Date End Date. SFPSF Rate $JMonth Total . $ <br /> IN .1 12.00 03/01 /23 02/29/24 10;615 $22.95 U 0,298 .77 $2433585 24 <br /> 1 12 .00 03/01 /24 02/28/25 10105 $28.64 $20 ,907473 $ 250 ;892 .80 <br /> 3 . All 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 i st Lease Modification Agreement and <br /> Exercise of Option as of the day and year fjist above written. <br /> Landlorrd: <br /> EUROPA CENTER , LLC Herein represented by its duly <br /> authorized agent, AVISON Yo [LNG N.C, LLC, 100 Europa <br /> Dr., Suite 190 , Chapel Hill; NC 27517 <br /> Attest: j <br /> ' d By : �1 {SEAL) <br /> J646 P . Grah�arnni , Principal <br /> Tenant: <br /> URA TGE CO . a NC p®litical. subdlvisi€r`n <br /> Atte <br /> By (SEAL) <br /> Bonnie E: Hammersl-ey, Coun y <br /> tM ages <br />
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