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<br />~12/2n06 IEO <br /> <br />9: 38 FAX <br /> <br />~ 0011002 <br /> <br />LEASEHOLD AGREEMENT PROPOSAL <br /> <br />D.le: 2-16-06 <br /> <br />TO: <br /> <br />Cabarrus County <br />Mike Downs /920-2139 (0011791-3950) <br />Fax: 704-920-2620 <br /> <br />PROPOSAL: <br /> <br />South Central 011 Co., Inc. <br />Pam Smllh /704.982.2173x206 <br />2121 West Main Street <br />Albemarle NC 28001 <br /> <br />PREMises: <br /> <br />1100 s.t. approximately <br />Suite 105, Church Street Commons . <br />84S Church Street N, Concord, NC 28025 <br /> <br />TERM: <br /> <br />3 Year Term <br />Beginning June 1. 2006 <br /> <br />OPTION: <br /> <br />1-3 Year@ 5% Annual Increases on Base Rent <br /> <br />RENT: <br /> <br />$ 1,054.17 $ 11.50 psf <br />$ 154.00 $ 1.68 psI <br />$ 70.58 $ 0.77 psI <br />$ 1.278.75 $ 13.95 ps' <br /> <br />BASE <br />CAM <br />TAX <br />TOTAL MONTHLY <br /> <br />RENT INCREASES: 3% Annual Increases on Base Rent <br /> <br />LOCKS Tenant's responsibility to gat re-keyed to Building Masler by <br />Central Piedmont Safe & Lock. Sco~ Harward @ 788-3215 <br /> <br />ELECTRICITY Tenen!'s Responsibility <br /> <br />JANITORIAL Tenant's Responsibility <br /> <br />SIGNAGE Tenant, 8t its eXpens9, may place signage on 1st. 2nd & 3rd <br />floor dIrectories, Metal plate or Glass on 8ntrance door & <br />Lighted Road Sign. Work to be done by Brrome Sign @ <br />782-0422 <br /> <br />HVAC Tenant maintains unit and has in force throughout lease a <br />Maintenance & Service Contract with one service visit every <br />three months. <br /> <br />SECURITV DEPOSIT $ 1.278.75 <br /> <br />IMPROVEMENTS <br /> <br />Tenant takes space "S$ Is" and upfits it at tenant's expense <br /> <br />CAM & PROPERTY TAXES are adju.ted each January ba..d <br />on prior years actual expenses. Quoted amounts ate correct for 2006. <br /> <br />*This document is being prepared for the purposes of discussion and negoliation between landlord <br />aod Tanant and for that purpose only. This document shall not be binding upon landrord or Tenant. <br />and landlord and Tenant understand and agree that the representations contained herein constitute <br />the partIes' efforts to negotiate and attempt to reach agreement on a finalized lease agreement at a <br />later date. <br /> <br />r-\<O <br />