Feeding Wilmington

Feeding Wilmington, in furtherance of its mission of supporting fbcenc, was formed to assist fbcenc with the construction, equipping and development of a new approximately 32,000 square foot food distribution facility (the "project") located at 900 and 1000 greenfield street, Wilmington, north carolina (the "property"). Fbcenc owns the property and is expected to contribute the property to Feeding Wilmington. Feeding Wilmington will secure financing for the project, complete the construction related to the project and then (i) lease the completed project to fbcenc for a term of [25] years and (ii) lease certain equipment related to the project to fbcenc for a term of [7] years with an option to purchase such equipment at the conclusion of the term. Fbcenc is expected to operate the project as food distribution facility. Feeding Wilmington will actively manage the project as its landlord.