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<br />
<br />SECOND AMENDMENT OF LEASE
<br />
<br /> THIS SECOND AMENDMENT OF LEASE ("Amendment") is made and entered into
<br />effective as of the Date of Amendment (as hereinafter defined) by and between and between 1000
<br />CORPORATE DRIVE, LLC, a North Carolina limited liability company (“Landlord”); and ORANGE
<br />COUNTY, NORTH CAROLINA, a body politic and corporate and a political subdivision of the State
<br />of North Carolina (“Tenant”).
<br />
<br />Recitals
<br />
<br />Landlord and Tenant have made and entered into that certain Commercial Lease Agreement
<br />having an effective date of April 3, 2020, as amended and/or modified that certain Amendment of Lease
<br />having an effective date of February 22, 2023 (the "Lease"), pursuant to which Landlord leased to Tenant,
<br />and Tenant leased from Landlord, certain premises located at 1000 Corporate Drive, Suites 401 and 402,
<br />Hillsborough, Orange County, North Carolina 27278.
<br />
<br /> Landlord and Tenant now desire to further amend and/or modify the Lease as provided below.
<br />
<br /> NOW, THEREFORE, for and in consideration of the Lease, the terms, covenants and conditions
<br />set forth below and other good and valuable consideration, the receipt and sufficiency of which are hereby
<br />acknowledged, the parties hereto covenant and agree as follows:
<br />
<br /> 1. Definitions. Unless otherwise expressly defined herein, all terms defined in the Lease shall
<br />have the same meanings in this Amendment as are ascribed to them in the Lease.
<br />
<br /> 2. Extension of Term. The term of the Lease is hereby extended for a period of three (3) years
<br />commencing on May 1, 2025, and ending at midnight (local time) on April 31, 2028, unless sooner
<br />terminated as provided in the Lease.
<br />
<br /> 3. Rent. Commencing on May 1, 2025, Tenant shall pay to Landlord or Landlord’s designated
<br />agent, without demand, deduction or set off, annual rent for the Premises in the amount of $52,862.88,
<br />payable in equal monthly installments in the amount of $4,405.24 each, in advance, on the first day of
<br />each month commencing on May 1, 2025. Commencing on May 1, 2026, Tenant shall pay to Landlord
<br />or Landlord’s designated agent, without demand, deduction or set off, annual rent for the Premises in
<br />the amount of $54,448.80, payable in equal monthly installments in the amount of $4,537.40 each, in
<br />advance, on the first day of each month commencing on May 1, 2026. Commencing on May 1, 2027,
<br />Tenant shall pay to Landlord or Landlord’s designated agent, without demand, deduction or set off,
<br />annual rent for the Premises in the amount of $56,082.20, payable in equal monthly installments in the
<br />amount of $4,673.52 each, in advance, on the first day of each month commencing on May 1, 2027, and
<br />continuing thereafter for the remainder of the Term.
<br />
<br /> 4. Date of Amendment. When and as used herein, “Date of Amendment” shall mean the date
<br />as of which both Landlord and Tenant shall have executed this Lease as indicated below.
<br />
<br /> 5. Effect of Amendment. Except to the extent expressly amended and/or modified herein, all of
<br />the terms, covenants and conditions contained in the Lease shall remain in full force and effect. To the
<br />extent any term, covenant or condition contained in this Amendment conflicts or is inconsistent with any
<br />term, covenant or condition contained in the Lease, the term, covenant or condition contained in this
<br />Amendment shall be paramount and controlling and the Lease shall be construed consistent therewith.
<br />
<br />Docusign Envelope ID: AEDFFFC1-FCCC-41C3-A02A-FFF91217BB68
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