Orange County NC Website
45 <br /> percent (2.5%). The cap on operating expenses will also increase by two and one-half <br /> percent (2.5%) during the first year of any option term and annually thereafter. <br /> 5. MISCELLANEOUS. Except as modified herein, the terms and conditions <br /> of the Lease are hereby ratified and affirmed. The Lease as modified by this Amendment, <br /> represents the entire agreement between the parties and supersedes any and all prior <br /> agreements, whether oral or written. All prior negotiations have been merged in the <br /> Lease, as amended by this Amendment, and there are no understandings, <br /> representations, or agreements, oral or written, expressed or implied other than those set <br /> forth in the Lease as modified by this Amendment. <br /> [Signature Page Follows] <br /> ERM and OCAC Amendment Three to Lease 3 <br />