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NORTH CAROLINA <br /> LEASE AGREEMENT <br /> CABARRUS COUNTY <br /> <br /> THIS LEASE AGREEMENT, made and executed this ~ day of <br /> <br /> , 1993, by and between CABARRUS COUNTY, a political <br /> subdivision in the State of North Carolina (hereinafter "County"), <br /> and THE CABARRUS COUNTY AGRICULTURAL FA!R, INC., a North Carolina <br /> Corporation (hereinafter "Fair"); <br /> <br /> WITNESS ETH; <br /> <br /> FOR AND IN CONSIDERATION of the mutual covenants and <br /> <br />'agreements hereinafter set forth, County leases to Fair and Fair <br /> takes and leases from County all that real property lying within <br /> the 14.20-acre tract described and identified as Tract 1 on <br /> "Exhibit A" attached hereto and incorporated herein by reference <br /> (hereinafter sometimes referred to as the "Demised Premises"); <br /> <br /> Fair shall have and hold the Demised Premises subject to ~e <br /> following covenants and conditions: <br /> <br /> 1. Term. The term of this Lease shall commence on August <br />1993, and shall expire on July 31,' 1994. This Lease shall <br />automatically renew from year to year upon the same terms and <br />conditions unless either party hereto shall have given the other <br />written notice of its desire to terminate the Lease one year prior <br />to the expiration of the Lease. <br /> <br /> 2. Rent/Consideration. As rental for the Demised Premises, <br />Fair agrees as follows: <br /> <br /> <br />