- Header text: "MEMORANDUM"
- Company name: "Landmark Land Company, Inc."
- Logo: stylized tree graphic above company name (letterhead-style)

# MEMORANDUM

TO: Board of Directors, ct. al.

FROM: Jerry Barton

DATE: March 9, 2010

<u>SUBJECT: Apes Hill — Paul Lamb</u>

Martha and I returned last night from 5 days in Barbados. We had very encouraging and constructive conversations with Paul Lamb and are expecting a term sheet by the end of this week or perhaps the beginning of next week concerning a loan he has agreed to make to Landmark.

At this point I don't know more, but when I do, I will contact you immediately.