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2. Pursuant to the terms of the Lease, Lessor has granted to Lessee a right and option to <br />purchase each of the Units not later than five (5) business days immediately following the date of <br />expiration of the term of the Lease. <br />3. All of the terms, covenants and conditions contained in the Lease are incorporated herein <br />by this reference. <br />IN WITNESS WHEREOF, the parties have caused this Memorandum to be duly executed <br />effective as of the day and year first above written. <br />LESSOR: <br />TELESLS CONSTRUCTION MANAGEMENT, LLC, <br />a North Carolina limited liability company <br />,~,eorg~on, III, Member/Manager <br />By: <br />W.~ark~r,~., Member/Manager <br />• STATE OF NORTH CAROLINA <br />COUNTY OF ORANGE <br />I~ I Y1Art~Gn ~~ ,~c?e ~~ ~ ~'1 ,Notary Public, certify that George A. Horton, III and James W. <br />Parker, Jr., each personally came before me this day and acknowledged that he is a Member/Manager of <br />TELESIS CONSTRUCTION MANAGEMENT, LLC, a North Carolina limited liability company, and <br />that he, as Member/Manager, being authorized to do so, voluntarily executed the foregoing Memorandum <br />of Lease for and on behalf of TELESIS CONSTRUCTION MANAGEMENT, LLC for the purposes <br />therein stated. Witness my hand and official seal or stamp, this the ~~ day of , <br />2008. <br />Public <br />My commission expires: ' <br />[SIGNATURES CONTINUE ON NEXT PAGE] <br />C7 <br /> <br />