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NORTH CAROLINA LEE COUNTY LEASE AGREEMENT This Lease Agreement made and entered into this 26th day of July 2019 by and between Lee County, hereinafter referred to as "Lessor"; and State Employees' Credit Union, a North Carolina credit union, hereinafter referred to as "Lessee". WITNESSETH: That subject to the terms and conditions hereinafter set out, said Lessor does hereby let and lease unto said Lessee, and said Lessee does hereby accept as tenant of Lessor that certain tract or parcel of land located at 1408 S. Horner Blvd., Sanford, County of Lee, State of North Carolina. The terms and conditions of this Lease are as follows: 1) The term of this Lease shall be for a period of three (3) year(s) beginning on the first day of September 2019 and ending on the last day of August 2024, unless extended or terminated under the other provisions of this Lease by providing ninety (90) days' prior written notice to the other. 2) As rental for said premises, Lessee shall pay to Lessor at the address noted below, and without notice or demand therefore, the sum of One Dollar ($1.00) payable ANNUALLY. The rental payments shall be made payable to Lee County and sent to the following address PO Box 1968, Sanford, NC 27331. 3) Lessee shall use and occupy the premises for the purpose of maintaining a kiosk ATM, and in connection thereto, shall comply with all laws, ordinances, orders, or regulations of any lawful authority having jurisdiction over the premises and the use thereof. 4) Lessor shall be responsible for the repairs and/or maintenance of the parking lot area of the described property (collectively, the "Leased Premises") of reasonable wear and tear, potholes and landscaping such as shrubs and trees in close proximity of the said ATM located on the "Leased Premises". Upon a thirty (30) day written notice from Lessee to Lessor for any repairs and/or maintenance described above on the "Leased Premises" and if Lessor fails to perform any repairs and/or maintenance required of Lessee (to cure or a reasonable time thereafter if such repairs and/or maintenance cannot reasonably be completed in thirty (30) days and are commenced within such period and thereafter diligently pursued to completion), then Lessee has the option to provide a thirty (30) day written notice of its intent to terminate this Lease Agreement. Lessor and Lessee shall share the responsibility of maintaining the surrounding area in close proximity of the said ATM. Lessee will be responsible for the construction of the said ATM such as upkeep, repairs and maintenance of said ATM and structure during the term of this Lease Agreement or any extension hereof. Upon termination of the Lease Agreement, Lessee will be responsible for removing said ATM and the structure from the "Leased Premises" and will restore the premises back to its original condition. Page 114