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AG 2015 09 21
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AG 2015 09 21
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Last modified
9/23/2015 4:27:25 PM
Creation date
11/27/2017 10:39:25 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
9/21/2015
Board
Board of Commissioners
Meeting Type
Regular
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NORTH CAROLINA MODIFICATION TO SUBLEASE <br />CABARRUSCOUNTY <br />THIS MODIFICATION TO SUBLEASE is entered as of July 1, 2013 by and between <br />CABARRUS COUNTY ( "Sublessor ") and the CARDINAL INNOVATIONS, f /k/a PBH <br />( "Subtenant "). <br />�v <br />1. Effective July 1, 2.01.., a parties entered into a Sublease Agreement ( "Sublease ") <br />for the Premises (as defined in the Sublease). <br />2. PBH desires to extend the Sublease and the County is amen_ able, to extension of the <br />Sublease. <br />In consideration of the foregoing Premises and the Terms below, which the parties <br />agree constitutes sufficient consideration to modify the Lease, the parties agree as follows: <br />TERMS <br />1. The Sublease is hereby modified and amended by deleting Paragraph 2 of the <br />Sublease and substituting the following: <br />The term of this Sublease shall begin on July 1, 2012 and end on December <br />31, 2014, unless sooner terminated pursuant to the terms hereof. Sublessor may allow Subtenant <br />to further extend the term on a month to month basis upon separate written consent of the <br />Sublessor. In the event of holding over by Subtenant without Sublessor's written consent, <br />Subtenant shall pay rent equal to twice the Applicable Rent and Additional Rent plus other sums <br />due from time to time hereunder. Possession by Subtenant after the expiration of this Sublease <br />shall not be considered to extend the last term hereunder. <br />2. Except as specifically modified and amended, the Sublease remains in full force and <br />effect. <br />Attachment number 1 \n <br />F -2 Page 64 <br />
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