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3 <br /> Prepared by and <br /> Return to: Geoffrey E. Gledhill, Esquire, P.O. Drawer 1529, <br /> Hillsborough, NC 27278 <br /> MEMORANDUM OF LEASE <br /> Seisin-in-Law, a North Carolina General Partnership, whose <br /> address is Post Office Drawer 1529, Hillsborough, North Carolina, <br /> hereby leases to Orange County, North Carolina, Post Office Box <br /> 8181, Hillsborough, North Carolina, for a term beginning the 1st <br /> day of December, 1997 and continuing for a maximum period of five <br /> years, pursuant to the notice, a copy of which is Exhibit A <br /> hereto, for the following property: <br /> Sawyer Building: - The property conveyed to Seisin-in-Law in <br /> the deed recorded at Book 449, Page 149 of the Orange County <br /> Registry. <br /> The provisions set forth in a written lease agreement <br /> between the parties dated November 2, 1992 are hereby <br /> incorporated into this memorandum. <br /> SBISIN-IN-LAN <br /> A North Carolina general partnership <br /> By: <br /> General Partner <br /> ORANGR COUNTY <br /> William Crowther, Chair <br /> ATTEST: <br /> [OFFICIAL SEAL] <br /> Beverly A. Blythe, Clerk to <br /> the Board of Commissioners <br />