AG 2005 11 21 - Laserfiche WebLink

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This attached docwnent is for reference ONLY. There is no need to execute this document again .-. only Addendum. Thank you SUBLEASE AGREEMENT Re: Office Space, 1305 S. Cannon Blvd. Kannapolis, Cabarrus County, NC This Sublease Agreem~t (the "Sublease") is made as of Apri11, 2004, by and between CABARRUS COUN'J.TV, a political subdivision of the state of North Carolina ("Sublessor"), with its:principle place of business at 65 Church Street, SE, Concord, NC 28025, and Daymark $,ecovery Services, Inc., a North Carolina non"profit corporation ("Subtenant"), whose principle address is 1305 S. Cannon Blvd., Kannapolis, NC 28083. 1. Relationshi of Par ies. Sublessor leases from Kannapolis Land, Inc. ("Prime Lessor") certain prope y located at 1305 South Cannon Boulevard, Kannapolis, North Carolina, a portion ofv;ihich the Subtenant wishes to sublease from Sublessor in accordance with the terms and conditions of this Sublease. 2. DescriDtion of Leased Premises. Sublessor hereby subleases to Subtenant, "as is", approximately 19,270 square feet including existing office space and allocated shared space (the "Premises"). The Premises are more clearly set forth in Exhibit A. attached hereto and incorporateq herein. The Premises are within the building (the "Building") on the real property as mote fully illustrated and the legal description of which is included in Exhibit A. (The Premlses, the Building and the real property on which they are located may from time to time pe collectively or singularly referred to herein as the "Land"). The Premises contain the fixtures, improvements and other real or personal property now installed on the Premis~s plus any future permitted modifications, alterations and improvements thereto. . 2. Lease Term. The iri,itial term of this Sublease shall begin on April I, 2004 and shall continue through June jo, 2005 (the "Initial Term"), unless sooner terminated pursuant to the terms hereof. PrOVIded Subtenant is not in default hereunder, Subtenant shall have the option to extend th~ Initial Term ofthis Lease for one consecutive renewal term of one (I) year, beginnin~July 1,2005 through June 30, 2006 ("First Renewal Term") and one additional consecutive renewal term of eleven (II) months, beginning July I, 2006 through May 31, 2007 ("Second Renewal Term") on the same terms and conditions as set forth herein, provided Subtenant notifies Sublessor in writing of its intent to enter into the respective renewal tern}(s) at least one hundred and twenty (120) days prior to the end of the then current sublea~e term. In the event of holding over by Subtenant without Sublessor's written consent, Subtenant shall pay Rent equal to twice the applicable Rent and Additional Rent ph~s other sums due from time to time hereunder. Possession by r-: >7