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LAND : The land containing approximately 5 acres located on Waterstone <br /> Drive, Hillsborough, NC and being portions of the property having <br /> Orange County PINS 9873422375 , 9873425271 , 9873425076 , <br /> 9873415972, 9873416716, and 9873510737, as shown on Exhibit A, <br /> together with all privileges, rights and easements appurtenant to that <br /> land . <br /> PURCHASE PRICE . $ 153505000 . 00 <br /> SELLER. Capkov Ventures, Inc . <br /> 112 Milton Street <br /> Chapel Hill , North Carolina 27514 <br /> Attn : Eric Chupp <br /> Tel : 919 . 260 . 7262 <br /> Email : ericbchupp a ,bellsouth . net <br /> SELLER' S COUNSEL : Beemer, Hadler and Willett PA <br /> 1829 East Franklin Street, Suite 800B <br /> Chapel Hill, North Carolina 27514 <br /> Attn : Wayne Hadler <br /> Tel : whadler@bhcwlaw. com <br /> Email : 919 . 929 . 0391 <br /> 1 .2 Additional Defined Terms . <br /> 1 .2 . 1 "Applicable Laws" means all statutes, codes, laws, ordinances, orders, rules and <br /> regulations of any governmental authority applicable to the Property, including those relating to zoning, <br /> subdivision, construction and land use . <br /> 1 . 2 .2 "Bankruptcy Code" means Chapter 11 of the United States Code . <br /> 1 . 2 . 3 "Closing" is defined in Section 2 .4 . <br /> 1 . 2 . 4 "Declaration" is defined in Section 6.2 . <br /> 1 . 2 . 5 "Declaration Delivery Date" is defined in Section 6 .2 . <br /> 1 . 2 . 6 "Deed" is defined in Section 7. 1 . 1 . <br /> 1 . 2 . 7 "Easements" is defined in Section 6.3 . <br /> 1 . 2 . 8 "Easement Delivery Date" is defined in Section 6.3 . <br /> 1 . 2 . 9 "Environmental Laws" means all present and future federal , state and local laws, <br /> statutes, regulations, rules, ordinances and common law, and all judgments, decrees, orders, agreements or <br /> permits, issued, promulgated, approved or entered thereunder by any government authority relating to <br /> pollution or Hazardous Materials or protection of human health or the environment, including the <br /> Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), as amended . <br /> 1 . 2 . 10 "Extension Deposit" is defined in Section 2 .5 . <br /> 2 <br />