LEASE AMENDMENT

 

            The County of Albemarle, Virginia (“Landlord”) and Charlottesville Waldorf School (f/k/a Crossroads Waldorf School) (“Tenant”) enter into this Lease Amendment this 5th day of May, 2004.

            WHEREAS, Landlord and Tenant entered into a Lease Agreement (the “Lease Agreement”) with a date of July 15, 1999 for the lease of the Old Crozet Elementary School; and

            WHEREAS, Landlord and Tenant desire to amend the Lease Agreement;

            NOW, THEREFORE, Landlord and Tenant, for the sum of Ten and No/100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, agree as follows:

            In addition to the Option to Renew set forth in Paragraph 1.5 of the Lease Agreement, Tenant shall have the option to renew the Lease for two (2) terms of six (6) months each.  Tenant shall exercise this option to renew by providing written notice in accordance with Section 16.1 of the Lease Agreement on or before January 1, 2005.  The renewal term shall be on the same terms and conditions of the Lease, except as expressly agreed to by the parties.  The rent to be paid by Tenant during the renewal term(s) shall be calculated according to Section 1.7 of the Lease Agreement.

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