Laserfiche WebLink
STATE OF NORTH CAROLINA MODIFICATION TO SUBLEASE <br />CABARRUSCOUNTY <br />This Modification To Sublease ( "Modification Agreement ") is made and entered into as of <br />January 1, 2015 ( "Effective Date ") by and between Cabarrus County, a political subdivision of <br />the State of North Carolina, with its principle place of business at 65 Church Street, SE, <br />Concord, NC 28025 ( "Sublessor ") and Cardinal Innovations Healthcare Solutions, f /k/a PBH, a <br />managed care organization, with corporate offices at 4855 Milestone Avenue, Kannapolis, NC <br />28081 ( "Subtenant ") (collectively, the "Parties" and each a "Party "). <br />WHEREAS, the Parties entered into a Sublease Agreement ( "Sublease ") dated as of July 1, 2012 <br />for the Premises located at 1305 South Cannon Boulevard, Kannapolis, North Carolina; and <br />WHEREAS, the Parties entered into a Modification to Sublease dated as of July 1, 2013 to <br />extend the original term of the Sublease to December 31, 2014 (collectively, the "Existing <br />Agreement "); and <br />WHEREAS, pursuant to Sections Two (2) and Twenty -Eight (28) of the Existing Agreement, the <br />amendments contemplated by the Parties herein must be contained in an executed written <br />agreement; and <br />WHEREAS, the Parties hereto desire to amend the Existing Agreement on the terms and <br />conditions set forth herein. <br />NOW, THEREFORE, in consideration of the premises set forth above and other good and <br />valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the <br />Parties agree as follows: <br />1. Definitions Capitalized terns used and not defined in this Modification Agreement have <br />the respective meanings assigned to them in the Existing Agreement. <br />2. Amendments to the Existing Agreement As of the Effective Date set forth above, the <br />Existing Agreement is hereby amended and modified as follows: <br />(a) Section Two (2) of the Existing Agreement is deleted and replaced in its entirety as <br />follows: <br />The term of this Sublease shall begin on July 1, 2012 and end on June 30, 2016, <br />unless sooner terminated pursuant to the terms hereof. Sublessor may allow <br />Subtenant to further extend the term on a month to month basis upon separate written <br />Attachment number 1 \n <br />F -2 Page 67 <br />