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3 <br />Prepared by: Geoffrey E. Gledhill, Attorney at Law <br />Return to: Geoffrey E. Gledhill, Attorney at Law, <br />Coleman, Gledhill, Hargrave & Peek, P.C., <br />P.O. Drawer 1529, Hillsborough, NC 27278 <br />STATE OF NORTH CAROLINA <br />COUNTY OF ORANGE <br />ASSIGNMENT OF RIGHT TO PURCHASE <br />ORANGE COUNTY, NORTH CAROLINA, a body politic and <br />corporate, a political subdivision of the State of North <br />Carolina, having an address of P.O. Box 8181, Hillsborough, <br />North Carolina 27278, for good and valuable consideration, the <br />receipt of which is hereby acknowledged, does hereby assign to <br />CARRBORO, NORTH CAROLINA, the rights and obligations pursuant to <br />that certain OFFER TO PURCHASE AND CONTRACT dated June 23, 2004, <br />a copy of which is attached hereto and incorporated herein by <br />reference. <br />