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<br />Return After Recording To: <br />Geoffrey E. Gledhill, Esq. <br />Orange County Attorney <br />Post OfEce Drawer 1529 <br />Hillsborough, NC 27278 <br /> <br />MEMORANDUM OF LEASE <br />STATE OF NORTH CAROLINA ) <br />ORANGE COUNTY ) <br />ORANGE COUNTY, NORTH CAROLINA, a political subdivision of the State <br />of North Carolina, as lessor, having an address of 200 South Cameron Street, <br />Hillsborough, NC 27278, hereby leases to <br />THE CHAPEL HILL-CARRBORO CITY SCHOOLS BOARD OF <br />EDUCATION, as lessee, having an address of 750 S. Merritt Mill Road, Chapel Hill, <br />North Carolina 27516, <br />for a term beginning 3 / 2 7 / 2 0 0 7 , and continuing for a maximum period ending <br />March 2~6 , ZO 4 7 ,the real property described in Exhibit A. <br />_ The provisions set forth in a written agreement between the parties dated as of <br />March 27 , 2007, are hereby incorporated in this memorandum. <br />[The remainder of this page has been left blank inteniionally.J <br />