November 23, 2009

Mr. Bradley Walsh

103A Courthouse Square
Oxford, Mississippi 38655

Re: Letter of Intent: 2.9 acre parcel - Oxford, MS

Dear Mr. Walsh,

It has been a pleasure getting to know you and I definitely appreciate you assistance as we seek to secure
a larger facility for our church. Please accept this letter of intent, which outlines the terms we are
agreeable to move forward with on the above referenced location.

The following general terms shall be incorporated into the Lease:

Tenant: The Orchard, a Methodist congregation

Landlord: Douglas B. Walsh

Premises: Approximately 2.9 acres outlined in red on the attached tax map

Initial Term: Two (2) Years

Renewal Options: Two (2) options to renew for two (2) years each, which shall be
exercised on no less than one hundred eighty (180) days prior written
notice.

Gross Rent: Years 1-2 $ 4,000 per month

1st Option $ 4,500 per month
2nd Option $ 5,000 per month

C.A.M., Taxes and Ins.:
Tenant shall maintain the property in a professional manner, including
landscape maintenance and mowing of lawn. Real Estate Taxes will be
at Landlord’s sole cost and expense. Landlord will carry casualty
insurance at its sole cost and expense. Tenant will maintain a liability
policy on the property with minimum limits of One Million Dollars
combined single limit.
Building Maintenance: Tenant will maintain all interior portions of the building. Landlord will
maintain the roof and structural maintenance of the building, including
all aspects below the slab surface. Tenant will perform monthly
maintenance on the HVAC units. Landlord will perform, or reimburse
Tenant, for all HVAC repair/replacement in excess of $2,000 per year. If
Landlord ever replaces a unit, Tenant shall perform all
repairs/replacement on that unit going forward.

Utilities: Tenant shall maintain all utilities at its sole cost and expense.

Construction:

A. Remodel: Tenant will perform all remodeling at its sole cost and expense.

Rent Commencement
Date: The rent shall commence on the first day of the month following delivery
of the Premises to Tenant.

Special Conditions:
Landlord shall retain an option to terminate this lease, at any time within
one hundred eighty (180) days of lease execution, if a governmental
entity pursues an option to lease or purchase that is currently being
pursued by Landlord. Such termination will provide ninety (90) days
notice for Tenant’s relocation. Upon Landlord’s execution of said
option, Tenant shall supply all invoices for repair/remodeling performed
on the Premises for reimbursement by Landlord. Upon Tenant vacating
the Property, Landlord shall submit payment to Tenant for Forty
Thousand Dollars ($40,000) to aid its relocation.

If Landlord does not exercise such option to terminate Tenant’s lease,

Tenant shall then have an option to purchase Property at any time during
the initial lease term, or any option terms. Such option to purchase will
be for $______________.

Broker: No one has acted in a brokerage capacity for this transaction and no
brokerage commission will be due to any party.

DISCLAIMER:

Landlord and Tenant hereby acknowledge and agree that this non-binding Letter of Intent does not
address all essential terms and conditions of the transaction and that a binding agreement shall not exist
between the parties until a mutually acceptable Lease Agreement (“Lease”) has been executed and
delivered to both parties.

Landlord and Tenant acknowledge and agree that either party shall have the right to terminate negotiation
of a formal Lease Agreement for any reason or for no reason whatsoever. Neither party owes the other
party any duty to negotiate a formal and final Lease Agreement. Neither party may claim any legal rights
against the other by reason of any actions taken in reliance upon this non-binding Letter of Intent,
including, without limitation, any partial performance of the transaction contemplated herein.

If the foregoing terms are acceptable, please sign and date this letter in the spaces provided below and
return this letter to me on or before November 27, 2009. Please contact me should you have any
questions.

Kindest regards,

THE ORCHARD

PAT WARD

The above is agreed and accepted to:

By:____________________________ Date:___________________________

Its:____________________________