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EXHIBIT C <br />EXCEPTIONS TO TITLE <br />Subject to matters shown on recorded Plat Book 103 at Pages 16 and 17, Orange County <br />Registry, including right of way for Highland Farm Road (SR 1332), property boundary <br />lines consist of center line of East and West Forks of Eno River and Old Mill Race <br />located on the Land. <br />2. Title to that portion of Land within the right-of--way of Highland Farm Road (SR 1332). <br />3. Rights of others thereto entitled in and to the continued uninterrupted flow of Old Mill <br />Race located on the Land. <br />4. Title to that portion of the Land lying below the mean high water mark of East and West <br />Forks of Eno River. <br />5. Riparian rights incident to the Land. <br />6. Right of Way Agreement with State. Highway Commission recorded in Deed Book 209 at <br />Page 474, Orange County Registry. <br />7. Utility Easement(s) to Duke Power Company recorded in Deed Book 105 at Page 165, <br />Orange County Registry. <br />Conservation Easement to the State of North Carolina recorded in Book 4591, Page 525, <br />Orange County Registry. <br />Page 20 of 20 <br />