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<br />200802784 <br /> <br />IN WITNESS WHEREOF, the parties hereto have caused this Memorandum to be duly <br />executed as of the Effective Date. <br /> <br />LANDLORD: <br /> <br />IRET PROPERTIES, a North Dakota limited <br />partnership <br /> <br />By: IRET, Inc., a North Dakota corporation, <br />its general partner <br /> <br />By: ./ <br />Thomas A. Wentz, Jr. <br />Its: Senior Vice President <br /> <br /> <br />TENANT: <br /> <br />EDGEWOOD <br />LIVING, LLC, <br /> <br /> <br />By: <br /> <br />Its: <br /> <br />2 <br />