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<br />IN WITNESS WHEREOF, the parties have executed this Assignment and Assumption as <br />of the date first written above. <br /> <br />ASSIGNOR: <br /> <br />Touche, LLC, <br />a North Carolina limited liability company <br /> <br />By: <br />Name: William Whitley <br />Title: Manager <br /> <br />ASSIGNEE: <br /> <br />Parker & Orleans Homebuilders, Inc, <br />a Delaware corporation <br /> <br />By: <br />Name: Thomas R. Vesey <br />Title: Division President <br /> <br />COUNTY: <br /> <br />Cabarrus County, North Carolina <br /> <br />By: <br />Name: <br />Title: <br /> <br />r/--1 <br />