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<br />parcels of real property are hereinafter referred to as "the Property" as more particularly <br />described as follows: <br />Parcel l <br />The approximately 135.43 acres of land and any improvements thereon, which <br />land is illustrated on the GIS map that is Exhibit A hereto. The Property is identified as <br />Orange County P.I.N. 9887-52-0801, Orange County tax map 1.25..3. <br />Parcel 2 <br />The approximately 10.1 acres of land and any improvements thereon, which land <br />is illustrated on the GIS map that is Exhibit B hereto. The Property is identified as <br />Orange County P.I.N. 9887-33-4585, Orange County tax map 1.25..2A. <br />THE TERMS AND CONDITIONS OF THIS AGREEMENT ARE AS FOLLOWS: <br />1. PURCHASE PRICE: The purchase price for the Property shall be ONE <br />MILLION FOUR F[LJNDRED FIFTY FIVE THOUSAND TWO HUNDRED NINETY AND <br />00/100 DOLLARS ($1,455,290.00) plus any amount due Seller as the result of the calculation <br />made in Section 6(c) below for ad valorem taxes on the Property for the calendar year in which <br />the Closing (as hereinafter defined) occurs. The purchase price shall be paid in cash to Seller at <br />the Closing. <br />2. TITLE: Title to the Property will be conveyed to Buyer at Closing by General <br />Warranty Deed from Seller to Orange County, North Carolina. The General Warranty Deed shall <br />convey title to the Property free of liens, encumbrances, easements, restrictions, rights and <br />2 <br />