2008-016 Purchasing Telesis Construction Gateway Center Lease Agreement Amendment

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~~~~-~~~ AMENDMENT TO LEASE AGREEMENT TffiS AMENDMENT TO LEASE AGREEMENT ("Amendment") is made and entered into effective as of February 19, 2008 by and between TELESIS CONSTRUCTION MANAGEMENT, LLC, a North Cazolina limited liability company ("Lessor"), and ORANGE COUNTY, NORTH CAROLINA, a body politic and corporate and a political subdivision of the State of North Carolina ("Lessee"). THAT: WHEREAS, Lessor and Les awe--read d entered into that certain Lease Agreement (the "Lease"} having an effective date of February 28, 2007 ith respect to condominium units 200 and 300 located in the Gateway Center Condominium m i s rough, C{range County, North Cazolina; and WHEREAS, Lessor and Lessee desire to amend and/or modify certain provisions of the Lease as provided below. NOW, THEREFORE, in consideration of the terms, conditions and covenants set forth in the Lease and herein below and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Lessor and Lessee agree, covenant and bind themselves as follows: I. Commencement Date. When and as used in this Amendment and in the Lease, the term "Commencement Date" shall mean February 19, 2008. 2. Condominium. When and as used in this Amendment and in the Lease, the term "Condominium" shall mean the Gateway Center Condominium, a commercial use condominium which shall consist of the Building, the Units and the other Common Elements as provided in the Plat and Plans and in the Condominium Declaration. 3. Condominium Declaration. When and as used in this Amendment and in the Lease, the term "Condominium Declaration" shall mean the Declazation of Condominium of Gateway Center Condominium recorded in Book 4458, Page 3, Orange County Registry, as same may be amended and/or modified from time to time. 4. Premises. When and as used in this Amendment and in the Lease, the term "Premises" shall mean those certain condominium units identified and described on the attached EXHIBIT B which is incorporated herein by this reference. 5. Pro a .When and as used in this Amendment and in the Lease, the term "Property" shall mean all of that certain tract or parcel of land located in Hillsborough, Orange County, North Cazolina, and more particularly described on the attached EXHIBIT A which is incorporated herein by this reference. 6. No Other Amendments. Except to the limited extent expressly amended and/or modified in this Amendment, the Lease shall be and remain in full force and legal effect in accordance with its original terms. 7. Complete And Exclusive Agreement. Lessor and Lessee agree and understand that all prior negotiations, representations, understandings and agreements aze merged into and do not survive the execution of the Lease as amended and/or modified by this Amendment. The parties expressly agree that the Lease, as amended and/or modified by this Amendment, including exhibits, is the sole, complete and exclusive statement of the terms of the parties' agreement and that no other negotiations, representations, understandings, or agreements exist, except as may appear in the Lease as amended and//or modified by this