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Wharton <br />Gladden <br />& Company, LLC <br />Building Relationships in the Capital Markets <br />May 12, 2011 <br />H. Jay White, Sr. <br />Chairman, Cabarrus County Commissioners <br />P.O. Box 707 <br />Concord, NC 28026 <br />Chairman White: <br />Please consider this document as a letter of support from Wharton Gladden & Company, <br />LLC, a boutique investment banking firm located in Greensboro, North Carolina. The firm <br />focuses on serving the small to middle commercial real estate market. Our team of capital market <br />experts has an extensive background in business finance and specializes in structured financial <br />solutions. <br />We have been in contact with Dr. Fleming and the Board of Trustees of Woodson <br />University, and we have successfully identified the capital the university requires for the <br />renovation for the Old Bethel School property. Through the course of our discussions we have <br />identified an individual, Mr. Wayne McDonald; with the financial capacity, vision, and <br />construction expertise to complete the renovation project. Mr. McDonald has complete many <br />similar renovation and rehabilitation projects of this sort in both Forsyth and Guilford counties. <br />We are projecting that approximately fifty to one hundred temporary jobs will be created through <br />the course of the renovation. <br />Please consider this letter of support for Woodson University and their purchase and renovation <br />of the Old Bethel School property. Should you have any further questions please feel free to <br />contact me directly. <br />Sincerely, <br />" e. : �/' " '- <br />Algenon L. Cash <br />Managing Director <br />Wharton Gladden & Company, LLC <br />7800 Airport Center Drive, Suite 401 <br />Greensboro, NC <br />(336) 478 -2305 — Office <br />(866) 263 -1459 — Fax <br />E -1 Page 313 <br />