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EXHIBIT C <br /> ARTICLES OF -INCORPORATION <br /> OF <br /> GATEWAY CENTER COND011IIltiTiJM ASSOCIATION, INC., <br /> a North Carolina Nonprofit Corporation <br /> The undersigned does hereby make and aclmowledge these Articles of incorporation for the purpose <br /> of forming a nonprofit corporation under and # by virtue of the North Carolina Nonprofit Corporation Act, <br /> N. C.G. S . § 55A 1 -01 et se�C ., <br /> ARTTCLL I <br /> NAME <br /> The name of theecorporation is Gateway Center Condominium Association, Inc. <br /> ARTICLE H <br /> INITIAL REGISTERED OFFICE AND AGENT <br /> The stred (and n3iiling) address and county of-the initial registered. office of the corporation are 1000 , <br /> Corporate Drive, Suite 109, Hillsborough, Orange County; North Carolina 27278 . The name of the initial <br /> registered agent of the corporation at that address is George A. Horton, III. <br /> ARTICLE III <br /> INCORPORATOR <br /> The name, address and county of the incorporator are George A. Dorton, III, 1000 Corporate Drive, <br /> Suite 109, Hillsborough, Orange County, North Carolina. 27278 , <br /> ARTICLE IV <br /> MEMBERSHIP <br /> Any person or entity who holds record title to any condominium unit C Unit") . at Gateway. Center <br /> Condominium (the "Condominium'), a commercial use condominium located at South Churton <br /> Street, H�li sborough, Orange County, North Carolina, and created in accordance with, and subject to, the <br /> provisions of the Declaration of Condominium of Gateway Center Condominium recorded or to be recorded <br /> in the Office of the Register of Deeds of Orange County, North Carolina, as. same may be amended, <br /> supplemented and/or modified from 'time to time (the "Declaration'); shall be and remain a member <br /> ("Member') of the corporation for so long as such person or entity shall hold record title to such Unit. No <br /> henholder, judgment creditor, trustee or . other person or entity holding legal or beneficial title to, or any other <br /> interestin, any Unit or Common Element (as defined in the Declaration) merely as security for an obligation <br /> or pursuant to a lease or any option, wright of first refusal or other agreement to purchase or otherwise +possess <br /> any Emit on a future date shall be qualified for or entitled to membership in the corporation. Upon <br /> termination of the Condominium, the members of the corporation shall consist of those persons and entities <br /> entitled to distn`butions of proceeds pursuant to N.C.G.S . Section 47C 2418 . <br /> o*58MA <br />