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EXHIBIT B <br />Form of Memorandum of Option <br />NORTH CAROLINA <br />CABARRUSCOUNTY <br />MEMORANDUM OF OPTION <br />TO PURCHASE REAL ESTATE <br />In consideration of Five Hundred and No/100 Dollars ($500.00), the receipt of which is hereby <br />acknowledged, AUGSBURG COMMUNITIES, LLC, a North Carolina Limited Liability company <br />( "Seller "), whose address is does hereby give and grant to CABARRUS <br />COUNTY, a political subdivision of the State of North Carolina ( "COUNTY "), whose address is <br />, the right and option to purchase approximately 62 acres and located east of <br />Mt. Pleasant Road in the City of Mt. Pleasant, CabatTUS County, North Carolina, and more particularly <br />described in Exhibit A attached hereto and by reference incorporated herein (the "Property"). <br />This option shall expire on the l5th day of January, 2011. <br />The provisions set forth in a written Option to Purchase Real Estate between the parties dated the <br />day of , 2010 are hereby incorporated in this memorandum. <br />AO� number 1 <br />F -13 <br />