2025-738-E-DEAPR-Kennon Craver, Attorneys at Law-Closing Settlement Statement with full closing costs for purchase of a conservation easement on property owned by RambleRill Properties,

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Page 2 of 21 North Carolina. New Hope Creek, a source of drinking water for residents of Durham and Wake Counties, and two unnamed tributaries to New Hope Creek run through the forested area on the property. Furthermore, the Property contains outstanding scenic qualities that can be enjoyed by the general public, namely, the views along Arthur Minnis Road (State Road 1113) southwest of Hillsborough. It is a secondary purpose of this Conservation Easement to protect these natural, wildlife habitat, and scenic resources. The agricultural resources of the Grantor’s Property, and its contribution to the protection of the public drinking water supply and the natural and scenic resources of the area, and the rural character of the area, are collectively referred to as the "Conservation Values" of the Property. The specific conservation values of the Property and its current use and state of improvement are described in a Baseline Report prepared by the Grantee with the cooperation of the Grantor, and acknowledged by both parties to be accurate as of the date of this Conservation Easement. This Report may be used by the Grantee to document any future changes in the use or character of the Property in order to ensure the terms and conditions of this Conservation Easement are fulfilled. This Report, however, is not intended to preclude the use of other evidence to establish the present condition of the Property if there is a controversy over its use. The Grantor and Grantee have copies of this Report, and said report will remain on file at the office of the Orange County Environment and Resource Conservation Department. The Grantor and Grantee agree that the current agricultural use of, and improvements to, the Property are consistent with the conservation purposes of this Conservation Easement. The Grantor intends that the conservation values of the Property be preserved and maintained, and further, Grantor intends to convey to Grantee the right to preserve and protect the agricultural and other conservation values of the Property in perpetuity. The conservation purposes of this Conservation Easement are recognized by, and the grant of this Conservation Easement will serve, the following clearly delineated governmental conservation policies: (1) North Carolina General Statute 139-2 et seq., which provides that “it is hereby declared …that the farm, forest and grazing lands of the State of North Carolina are among the basic assets of the State and the preservation of these lands is necessary to protect and promote the health, safety and general welfare of its people… it is hereby declared to be the policy of the legislature to provide for the conservation of the soil and resources of this State;” (2) North Carolina General Statute 106-583 et seq., which states that “It is declared to be the policy of the State of North Carolina to promote the efficient production and utilization of the products of the soil as essential to the health and welfare of our people and to promote a sound and prosperous agriculture and rural life as indispensable to the maintenance of maximum prosperity;” (3) The Uniform North Carolina Conservation and Historic Preservation Agreements Act, North Carolina General Statute 121-34 et seq., which provides that conservation agreements are Docusign Envelope ID: F68C289B-897D-4E9C-8B77-C5477012992E