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AGREEMENT FOR EXTENSION AND <br />THIRD AMENDMENT TO LEASE <br />THIS AGREEMENT is made and entered into as of the day of May, 2015 by <br />and between KANNAPOLIS LAND, INC. ( "Landlord "), and CABARRUS COUNTY <br />( "Tenant "). <br />BACKGROUND <br />A. Landlord and Tenant are parties to that certain Lease Agreement dated <br />December 1, 1996 for space at 1303 S. Cannon Blvd., Kannapolis, NC 28083 (the <br />"Demised Premises "). The said Lease Agreement was amended and the term extended <br />by First Amendment dated February 10, 2006, and by Agreement for Extension and <br />Second Amendment to Lease dated March 14, 2011. The Lease Agreement, First <br />Amendment and Agreement for Extension and Second Amendment to Lease are <br />hereinafter collectively referred to as the "Lease ". <br />B. The second Extended Term of the Lease expires May 31, 2017. Tenant <br />has notified Landlord that it desires to extend the Lease Term, and requests that the <br />Landlord perform certain repair work. <br />NOW, THEREFORE, in consideration of the mutual promises contained herein <br />and other good and valuable consideration, the receipt and sufficiency of which are <br />hereby acknowledged, Landlord and Tenant hereby agree as follows: <br />1. Extension. Landlord and Tenant hereby agree to extend the Lease Term. <br />The extended Lease Term shall commence on June 1, 2017 and shall end on May 31, <br />2022. <br />2. Rent. The annual Basic Rent during the Extended Term shall not increase <br />and shall be $717,724.44 payable in monthly installments of $59,810.37 each. <br />3. Repair Landlord shall perform the following repair work on the Demised <br />Premises: <br />a) Roof — Landlord shall replace at its expense approximately 100,0000 square <br />feet of roofing on the building as more particularly shown outlined in yellow on Exhibit <br />A attached hereto; <br />b) Parking Lot — Pursuant to section 2(b) of the Agreement for Extension and <br />Second Amendment, Landlord had agreed to repair several mild depressions in the <br />parking lot in Tract A of the Common Areas. The parties acknowledge that the cost to <br />repair the depressions is prohibitive. Therefore section 2(b) of the Agreement for <br />Extension and Second Amendment is deleted. The parties now agree that Landlord shall <br />Attachment number 1 <br />F -5 Page 88 <br />