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i <br /> 34 <br /> EXHIBIT I <br /> MEMORANDUM OF LEASE <br /> Prepared by: <br /> Ellis&Winters LLP (DLH),P.O.Box 33550,Raleigh,NC 27636 <br /> Return to: <br /> Orange County, <br /> STATE OF NORTH CAROLINA, COUNTY OF ORANGE <br /> PIN: 9864-64-6207.006 <br /> MEMORANDUM OF LEASE <br /> THIS MEMORANDUM OF LEASE (this "Memorandum") is made and entered into as of <br /> a , 2020, by and between Eno River Mill, LLC, a North Carolina limited liability <br /> company (" andlord"), and Orange County, a political subdivision of the State of North Carolina <br /> ("Tenant'). _L <br /> ..4andlord and Tenant are parties to that certain Lease Agreement dated on or about i)eember <br /> 1 (the "Lease") for approximately 2,970 rentable square feet more particularly described therein <br /> (the"Premises"). The Premises are located at 437 Dimmocks Mill Road, Hillsborough,NC 27217 on the <br /> real property more particularly described on Exhibit A attached hereto and incorporated herein by <br /> reference. <br /> The term of the Lease commenced on 6knkows4 p , 2020 and is scheduled to expire on <br /> �& , 20��Tenant has one option to extend the terni of the Lease for five(5) additional years on <br /> the terms and conditions more particularly set forth in the Lease. <br /> Tenant shall cooperate hi causing this Memorandum to be promptly terminated of record <br /> following the expiration or prior termination of the Lease. Nonetheless, this Memorandum may be <br /> terminated of record by unilateral action of Landlord upon the occurrence of an Event Default by Tenant <br /> under the Lease (including thee expiration of applicable notice and cure periods) or the valid termination <br /> of the Lease for any reason prior to the expiration of the term of the Lease. <br /> This Memorandum is not a complete summary of the Lease. The sole purpose of this <br /> Memorandum is to give notice of the Lease and all of its terms, covenants, and conditions to the same <br /> extent as if the Lease were fully set forth herein. Provisions in this Memorandum shall not be used to <br /> interpret the Lease Agreement and, in the event of a conflict between this Memorandum and the Lease, <br /> the latter shall control. <br /> OCAC Lease Page 32 <br />