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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 : tmyren j oran eg countync . 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(2ckennoncraver . 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 : Coni in erci a ] Escrow@ 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 />