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Exhibit B <br /> ESCROW ADDENDUM <br /> This Escrow Addendum dated (this "Addendum"), is hereby made a part of that certain <br /> Purchase and Sale Contract having an Effective Date of (the "Sales Contract"), by and <br /> between CAPKOV VENTURES , INC . as seller thereunder ("Seller"), and ORANGE COUNTY, NC as <br /> purchaser thereunder ("Purchaser") . Investors Title Insurance Company, a North Carolina corporation <br /> ("Escrow Agent') , has executed this Addendum for the sole purpose of consenting to the terms of this <br /> Addendum . <br /> Required SELLER Information : Required PURCHASER Information : <br /> Tax ID : Tax ID : <br /> Mailing address : 258 E . Winmore Avenue, Chapel, Mailing address : 300 West Tryon Street, <br /> Hill, North Carolina 27516 Hillsborough, North Carolina 27278 <br /> Attn : Eric Chupp Attn : Travis Myren <br /> Telephone : 919 . 260 . 7262 Telephone : 919 . 245 .2300 <br /> Email : ericbchupp@bellsouth . net Email : tmyren@oran eg countync . g_ov <br /> WHEREAS , Seller and Purchaser desire that the closing of the transaction contemplated by the Sales <br /> Contract take place in accordance with the terms and provisions of this Addendum . <br /> WHEREAS , pursuant to Section 2 . 3 of the Sales Contract, Purchaser and Seller have appointed <br /> Investors Title Insurance Company to hold earnest money in the amount of $25 , 000 . 00 (the "Escrowed <br /> Funds"), which sum will be held in accordance with the terms of this Addendum and the Sales Contract . <br /> NOW, THEREFORE, in furtherance of the transaction contemplated by the Sales Contract, and for and <br /> in consideration of $300 . 00 cash paid in hand to Escrow Agent, and for other good and valuable <br /> consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby <br /> covenant and agree as follows : <br /> 1 . Seller and Purchaser hereby designate, constitute and appoint Investors Title Insurance Company <br /> as Escrow Agent under this Addendum to hold Escrowed Funds, and Escrow Agent accepts such <br /> designation and appointment, and agrees to act in accordance with the terms of this Addendum . It <br /> is hereby expressly understood and agreed that in the event a conflict should arise as between the <br /> terms of this Addendum and those of the Sales Contract, the terms of this Addendum will control . <br /> 2 . Notwithstanding any provisions regarding interest in the Sales Contract, Purchaser and Seller <br /> hereby request that the Escrowed Funds (select ONE option; if neither is selected, the second option <br /> below will be deemed selected) : <br /> ® accrue interest to the benefit of Purchaser [insert Purchaser or Seller] ( if left blank, <br /> Purchaser will be beneficiary, in accordance with 26 CFR § 1 . 46813- 7) . <br /> ❑ do not accrue interest to the benefit of Purchaser/Seller. <br /> 3 . All checks, money orders, wires or drafts sent to Escrow Agent under this Addendum will be <br /> processed for collection in the normal course of business . Escrow Agent will deposit the Escrowed <br /> Funds in a segregated savings account with a federally- insured banking institution . All funds <br />