Skanska-Rentenbach, a Joint Venture 4309 Emperor Boulevard, Suite 200 Durham, North Carolina 27703 Phone: 919.941.7900 Fax: 919.941.0105 Web: www.skanska.com Mr. Matt Brown Managing Director City of Greensboro 1921 W. Lee Street Greensboro, NC 27403 May 11, 2017 STPAC – Phase 1 GMP Your Letter dated May 10, 2017 Dear Mr. Brown: Please be advised that Skanska Rentenbach, A Joint Venture (“Skanska-Rentenbach”), is in receipt of your letter dated May 10, 2017 wherein you have rejected our proposed Phase 1 GMP dated May 4, 2017. Please see our response below. (1) Please note that the general condition costs, as submitted, accurately reflect the costs associated with performing our responsibilities for Phase 1 Work. Therefore, we will not be revising our GMP #1. (2) Please note that we will not remove the requirement that Phase 1 GMP Assumptions, Clarifications and Exclusions supersede the Construction Management Contract, which is currently not executed. Skanska-Rentenbach would like the opportunity to discuss this further with you, to try to come to an understanding on the path forward. Sincerely, Skanska Rentenbach, A Joint Venture Joseph Thompson Vice President