This instrument prepared by:The preparer of this instrument

makes no representation as to

Baker, Donelson, Bearman,the status of title of the within

Caldwell & Berkowitz, P.C.described property or as to the

900 S. Gay Street, Suite 2200accuracy of the description.

Knoxville, Tennessee 37902

TAX MAP 141, PARCEL 67.01 and 68

QUITCLAIM DEED

THIS INDENTURE, made this ____ day of ______, 2008 by and between Palmer Properties, L.P., a Tennessee limited partnership, with Virginia H. Palmer as its sole general partner, (herein referred to as "Grantor") and Virginia H. Palmer, as a tenant in common, (herein referred to as "Grantee").

WITNESSETH:

Grantor, for and in consideration of the sum of One Dollar ($1.00) and other good and valuable consideration, the receipt and legal sufficiency all of which are hereby acknowledged, has granted, conveyed, bargained, sold, quitclaimed, and confirmed, and by these presents does grant, convey, bargain, sell, QUITCLAIM and confirm unto the said Virginia H. Palmer a 60.8288% interest as a tenant in common, all that tract or parcel of land lying and being situated in District No. Six (6) of Knox County, Tennessee and being more particularly described as follows:

SEE EXHIBIT A ATTACHED

Being a 60.8288% interest as a tenant in common in the same real property conveyed to Palmer Properties, L.P., a Tennessee limited partnership, by Quitclaim Deed dated January 27, 1995 and recorded in WB 2166, Page 52 in the Register's Office of Knox County, Tennessee.

This conveyance is also subject to all other restrictions, covenants, easements, liens, encumbrances and other matters of record in the Register's Office of Knox County, Tennessee.

Together with all and singular the rights and appurtenances thereof, belonging or in any wise appertaining thereto, to the proper use, benefit and behalf of Grantee forever in fee simple.

IN WITNESS WHEREOF, the undersigned has signed and sealed this deed as of the day and year first above written.

PALMER PROPERTIES, L.P.

By: ______

Virginia H. Palmer

Its:General Partner

STATE OF ______)
COUNTY OF ______)

Before me, ______, a Notary Public in and for the State and County aforesaid, personally appeared Virginia H. Palmer, with whom I am personally acquainted (or proved to me on the basis of satisfactory evidence), and who, upon oath, acknowledged herself to be the general partner of Palmer Properties, L.P., the within named bargainor, a limited partnership, and that she as such general partner, being duly authorized so to do, executed the foregoing instrument for the purposes therein contained, by signing the name of the partnership by herself as such general partner.

WITNESS my hand and seal at office, on this the _____ day of ______, 2008.

______
Notary Public

My Commission Expires: ______

Affidavit

I, or we, hereby swear or affirm that the actual consideration for this transfer of the property transferred, is $0.

______
Affiant

Subscribed and sworn to before methis _____ day of ______, 2008.
______
Notary Public
My Commission Expires:______

OWNER AND RESPONSIBLE TAXPAYER:

Virginia H. Palmer

2831 N. Peach Hollow Circle

Pearland, Texas 77584

EXHIBIT A

SITUATED in District No. Six (6) of Knox County, Tennessee, without the corporate limits of the City of Knoxville, and situated on Watt Road, being more particularly described as follows:

BEGINNING at a concrete right-of-way marker situated on the northern boundary of Watt Road (50 ft. left of centerline, Stn 60+00), then from said right-of-way marker with the northwestern line of Watt Road, South 69 deg. 24 min. 34 sec. East, 47.69 feet to an iron pin located at the right-of-way with Watt Road and the northeastern line of TVA Transmission Line right-of-way, said iron pin being the point of BEGINNING; then with the TVA Transmission Line right-of-way North 54 deg. 13 min. 02 sec. East, 549.72 feet to an iron pin; then North 14 deg. 56 min. 00 sec. East, 750.48 feet to an iron pin; thence South 42 deg. 52 min. 38 sec. East, 447.25 feet to an iron pin; thence crossing the TVA Transmission Line right-of-way, South 7 deg. 59 min. 48 sec. West, 525.75 feet to an iron pin; thence South 43 deg. 06 min. 27 sec. West, 333.88 feet to an iron pin; thence North 66 deg. 01 min. 00 sec. West, 108.91 feet to a concrete right-of-way marker; thence South 86 deg. 02 min. 14 sec. West, 456.48 feet to a concrete marker situated on a right-of-way of Watt Road; and thence with Watt Road, North 69 deg 24 min. 34 sec. West, 93.45 feet to the point of BEGINNING, containing 9.94 acres, and being Lot No. 1 as shown by survey of David L. Palmer, Boyer’s Survey Company, dated January 7, 1967.

This transfer is subject to all applicable easements and restrictions including a minimum building setback of 50 feet and 10 feet utility and drainage easement inside all lot lines. Further, subject to the TVA Transmission Line right-of-way as set forth in Deed Book 1218, Page 550, in the Register’s Office for Knox County, Tennessee.

The above description is the same as the previous deed of record, no boundary survey having been made at the time of this conveyance.

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K DEP 220726 v1

2911751-000001 12/19/2008