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(3 <br />Proposal for Real Estate Financing <br />Page5of7 <br />reasonably requested by Lessor. Lessee will also provide <br />project plans and specifications, a copy of a fixed price <br />Purchase Contract. <br />PROPOSAL ACCEPTANCE: Lessee shall have until noon on March 20t", 2007 to accept <br />. this proposal subject to final County Board approval and LGC's <br />approval by executing and returning this proposal via facsimile <br />to the Lessor, and close this transaction by June 30, 2007; <br />otherwise Lessor's proposal shall become null and void unless <br />extended in writing by Lessor. <br />This proposal is subject to final credit approval by the Credit/Investment Committee. of <br />SunTrust Leasing Corporation and approval of mutually acceptable lease documents. To <br />render a credit decision, the Lessee shall timely provide Lessor with the information requested <br />above. SunTrust Leasing will not be obligated until all documents have been fully executed by <br />both Lessor and Lessee. <br />Upon the receipt of a signed proposal, we will endeavor to provide you with a timely approval. <br />It is' a pleasure to offer this .proposal and I look forward to becoming your value-added <br />financial partner for many years to come. <br />~~~~~~ <br />Robert J Rynarzewski <br />Vice President <br />SunTrust Leasing Corporation <br />Robert.Rynarzewski@suntrust.com <br />ACCEPTANCE: The terms and conditions of this Proposal are hereby accepted. <br />Dated: <br />Orange County, North Carolina <br />By: <br />As its: <br />