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6 <br /> Attachment 3 <br /> PURCHASE AND SALE CONTRACT <br /> This purchase and sale contract ("Contract") is made as of the Effective Date by CAPKOV <br /> VENTURES,INC.,a North Carolina business corporation("Seller")and ORANGE COUNTY,NORTH <br /> CAROLINA, a political subdivision of the State of North Carolina("Buyer"). <br /> ARTICLE I <br /> Basic Terms and Definitions <br /> 1.1 Basic Defined Terms. <br /> BUYER: Orange County North Carolina <br /> 300 West Tryon Street <br /> Hillsborough,North Carolina 27278 <br /> Attn: Travis Myren, County Manager <br /> Tel: 919.245.2300 <br /> Email: tmyrenkoran eg c� n�c.gov <br /> BUYER'S COUNSEL: Kennon Craver,PLLC <br /> 4011 University Drive <br /> Suite 300 <br /> Durham,North Carolina 27707 <br /> Attn: Brian M. Ferrell <br /> Tel: 919.490.0500 <br /> Email: bferrell(&kennoncraver.com <br /> CLOSING DATE: June 30, 2025, as may be extended in accordance with Section 2.5. <br /> EARNEST MONEY: The$25,000.00 in earnest money to be deposited with Escrow Agent <br /> in accordance with Section 2.3, and any interest earned on that <br /> earnest money. <br /> EFFECTIVE DATE: The date(as set forth on the signature page to this Contract)on which <br /> this Contract is executed by the last of Buyer and Seller. <br /> ESCROW AGENT and TITLE Investors Title Insurance Company <br /> COMPANY: P.O. Drawer 2687 <br /> Chapel Hill,North Carolina 27515 <br /> Attn: CommercialEscrow(&invtitle.com <br /> INSPECTION PERIOD: The period beginning on the Effective Date and ending at 11:59 p.m. <br /> on the date that is 60 days after the Effective Date. <br />