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200109684 MEMORANDUM OF BUILDING LEASE AGREEMENT AND BUILDING AGREEMENT THIS Memorandum of Building Lease Nreement and Building Agreement is made this 1'5- day of 2001, by and between L.U.D. INVESTMENTS, L.L.C. ("LU ') and L. James Drahota and Judith M. Drahota, husband and wife ( "the Drahotas "). RECITALS: WHEREAS, the Drahotas are the owners of the real estate described as follows: Lot Two (2), Block Two (2), Crane Valley Subdivision as surveyed platted and recorded in the City of Grand Island, Hall County, Nebraska ( "the real estate "). WHEREAS, LUD and the Drahotas have entered into a Building Lease Agreement dated June 23, 2000 whereby LUD leases the real estate for a period of three (3) years from January 1, 2001 through December 31, 2003; and WHEREAS, LUD and the Drahotas have entered into a Building Agreement dated June 23, 2000 whereby LUD is obligated to purchase the real estate upon the expiration of the foregoing period of three (3) years and the Drahotas have a right of first refusal to finance the purchase of the real estate; and WHEREAS, LUD and the Drahotas desire to enter into this Memorandum of Building Lease Agreement and Building Agreement so that LUD or the Drahotas may record a copy of this Memorandum of Building Lease Agreement and Building Agreement with the Hall County Register of Deeds. IT IS THEREFORE AGREED: 1. Recitals. The foregoing Recitals are an integral part of this memorandum of Building Lease Agreement and Building Agreement and are incorporated by reference. LUD and the Drahotas acknowledge and agree that the Recitals are true and correct. 2. Building Lease Agreement. LUD and the Drahotas acknowledge and agree that LUD and the Drahotas entered into a Building Lease Agreement dated June 23, 2000 whereby LUD leases the real estate for a period of three (3) years from January 1, 2001 through December 31, 2003 consistent with the terms and conditions of the Building Lease Agreement. 3. Building Agreement. LUD and the Drahotas acknowledge and agree that they have entered into a Building Agreement dated June 23, 2000 whereby LUD is obligated to purchase the real estate upon the expiration of the foregoing period of three (3)