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2 <br /> <br />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 /> <br />PURCHASE PRICE: $1,350,000.00 <br /> <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@bellsouth.net <br /> <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 /> <br /> 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 />Docusign Envelope ID: 6FA32B3A-54E4-43D1-ADFC-0E9AD5C2D12E