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STATE OF NORTH CAROLINA ) <br />COUNTY OF LEE ) <br />AMENDED <br />LEASE AGREEMENT <br />THIS LEASE AGREEMENT, entered into this 6th day of June 2005, by and <br />between LEE COUNTY, a political subdivision of the State of North Carolina, <br />hereinafter referred to as "County"; and BROADWAY OPTIMIST CLUB, INC., a North <br />Carolina non-profit corporation with its principal office in Broadway, North Carolina, <br />hereinafter referred to as "Club"; <br />WIINESSETH: <br />WHEREAS, Club owns a certain tract of land more fully described in Exhibit A <br />attached hereto; and <br />WHEREAS, Club desires to lease said tract to County to enable County to <br />perform certain maintenance work on one (2) athletic fields. This work is valued at <br />$2,648.72 per field per season (season defined as eight weeks); <br />NOW, THEREFORE, in consideration of the premises and the mutual covenants <br />and conditions contained herein, the parties agree as follows: <br />I. Leased Property. The leased property (hereinafter referred to as <br />"Property") is a parcel of land in Lee County, North Carolina, described in <br />Exhibit A attached hereto. <br />2. Term. The term of this lease begins on the j gth day of May <br />1998, and rums for 10 years ending on the 17th day of <br />May ,2008, unless sooner terminated as provided herein. <br />3. Rent. County shall pay rent of ONE AND NO/100 DOLLARS ($1.00) per <br />year. <br />4. Performance Obliaations. <br />a) County, in consideration of the above, agrees to the following <br />during designated periods of March 1 through October 31. <br />Ground maintenance - mowing the fields and surrounding <br />areas, dragging and lining the fields for games as set out in <br />Exhibit B attached hereto and by this reference made a part <br />hereof. <br />