COUNTY COUNCIL OF BEAUFORT COUNTY

COUNTY COUNCIL OF BEAUFORT COUNTY

OFFICE OF THE COUNTY ADMINISTRATOR

GARY KUBIC COUNTY ADMINISTI"U\TOR

CHERYL HARRIS EXECtmVE ASSISTANT

ADMINISTRATION BUILDING BEAUFORT COUNTY GOVERNMENT ROBERT SMALLS COMPLEX

100 R1BAUT ROAD POST OFFICE DRAWER 1228 BEAUFORT, SOUTH CAROLINA29901-1228 TELEPHONE: (843) 255-2026

FAX: (843) 255-9403 bcgov.ner

JOSHUA A. GRUBER DEPlJfY COUNtY ADMlNIS"rnATOIV

SPECIAL COUNSEL

THOMAS). KEAVENY, ll COUNTY A'ITORNEY

March 8, 2016

Andrew J. Beall, PhD. Executive Director Santa Elena Foundation 1501 Bay Street Beaufort, SC 29902

Re: Real Estate Triple Net Lease 1501 Bay Street, Beaufort, SC Addendum No. 1

Dear Dr. Beall:

Enclosed please find a fully executed copy of Addendum No. 1 to the Triple Net Lease for 1501 Bay Street. I forward this copy for your records. If you have any questions please do not hesitate to call me.

With kind regards, I am

Enclosures cc: Mr. Gary Kubic (w/ enc.)

STATE OF SOUTH CAROLINA COUNTY OF BEAUFORT COUNTY OF BEAUFORT,

landlord,

REAL ESTATE TRIPLE NET LEASE 1501 BAY STREET BEAUFORT, SOUTH CAROLINA 29902

and SANTA ELENA PROJECT FOUNDATION,

Tenant.

ADDENDUM NO: 1

On or about March 23, 2015 the parties COUNTY OF BEAUFORT ("landlord"), a body politic and political subdivision of the State of South Carolina, having its address at 100 Ribaut Road, Beaufort, South Carolina 29902, and SANTA ELENA PROJECT FOUNDATION ("Tenant"), a South Carolina eleemosynary corporation, entered into that certain lease Agreement (attached hereto as Exhibit A) (" lease" ) for a building having an address at 1501 Bay Street, Beaufort, South Carolina 29902 consisting of approximately 12,394 total square feet (" Building" ) and the exclusive right to park on land adjacent to the Building, said property owned by G.G. Dowling Family Partnership, LP .

Paragraph 19.1 of the lease provides it may be amended in writing, signed by the parties. The parties wish to amend the lease to: (1) allow the County to insure Building (structure only); (2) require Tenant to repay County for expenses it incurs in procuring insurance coverage on the Building (structure only); and (3) to establish a timetable for Tenant to repay County for funds it has paid to lease the adjoining parking lot to date.

Paragraph 3.5 of the lease requires Tenant to procure genera l liabi lity insurance, fire insurance and extended coverage on the Building and to identify landlord as primary insured on such policies of insurance. The parties hereby amend the Agreement to provide that County will procure insurance on the Building (structure only) and Tenant will repay County for these expenses. Tenant agrees to repay County these expenses within 30 days of receiving a request from the County to do so.

Paragraph 3.8 of lease provides Tenant shall pay all charges, costs and fees associated with the lease of a parking lot adjacent to the Demised Premises as described in that certain lease Agreement between Beaufort County and G.G. Dowling Family Partnership, LP (copy attached thereto). The parties do not intend to alter, modify or amend the provisions of said paragraph or the obligations of the Tenant to comply with the terms of the leases. However, prior to the date of this Addendum, the County paid $36,000 to rent the adjoining parking lot for the period October 2015 to June 2016. The parties hereby agree tenant will repay County the $36,000 (without interest) in consecutive quarterly installments of $6,000 each beginning October 15, 2016 and continuing each quarter thereafter until paid in full. This is in addition to the lease payment Tenant is required to make to the G.G. Dowling Family Partnership, LLC annually beginning July 1, 2017.

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The parties agree all provisions of the Agreement dated March 23, 2015, other than those provisions which are specifically identified above and amended as herein provided, remain in full force

WITNESS:

TENANT:

Date ~ ~ , "'::J....t;)1b

Beaufort, SC

STATE OF SOUTH CAROLINA

COUNTY OF BEAUFORT

PROBATE

-Ke' -rf.. ::J. Personally appeared before me 6Y'"OS

v ~

who being duly sworn,

Ao If states that s/he, saw the within named

J Y 1:\.4.1 .;;:;r,

eo ~ , sign, sea l and as his act and

j deed, execute this written instrument; and that s/he with a I/,?~ ................
................

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