Instructions can be seen here https://dl.dropboxusercontent.com/u/54803135/larry_settings.txt

gistfile1.txt

/**
 * File Path
 * themes/incrediblewp/template-portfolio4col-content.php
 * This is the alter pages that are Wordpress Pages that then have under it the 
 * Template 4 column like the parking url.
*/

// Line 123 
<?php
    $excerpt = get_the_excerpt();

    $permalink = get_permalink();
    $short_excerpt = string_limit_words($excerpt, 50, $permalink);
    if(ot_get_option('incr_portfolio_text')== 'excerpt') {
        echo '<p>'.$excerpt.'</p>';
    } else {
        echo '<p>'.$short_excerpt.'</p>';
    }
?>

helpers.php

<?php
//Path
//themes/incrediblewp/backend/helpers.php

function string_limit_words($string, $word_limit, $link) {
    $words = explode(' ', $string, ($word_limit + 1));
    if (count($words) > $word_limit) {
        array_pop($words);
        //I added the Read More option
        return implode(' ', $words) . "... <a href=\"$link\">Read More..</a>";
    } else {
        //otherwise
        return implode(' ', $words);
    }
}

?>

pftpl3col.php

<?php
//Path
//themes/incrediblewp/helpers.php
        $excerpt = get_the_excerpt();
        $permalink = get_permalink();
        $short_excerpt = string_limit_words($excerpt,50, $permalink);
        if(ot_get_option('incr_portfolio_text')== 'excerpt') {
        	echo '<p>'.$excerpt.'</p>';
        } else {
        	echo '<p>'.$short_excerpt.'</p>';
        }
?>