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 3 of 21 “interests in land” that may be effective “perpetually;” which provides for the enforceability of restrictions, easements, covenants or conditions “…appropriate to retaining land or water areas predominantly in their natural, scenic, or open condition or in agricultural, horticultural, farming or forest use…;” and which provides for tax assessment of lands subject to such agreements “on the basis of the true value of the land and improvement less any reduction in value caused by the agreement;” (4) The North Carolina Conservation Tax Credit Program, North Carolina General Statute 105-130.34 and 105-151.12 et seq., which provides for state income tax credits for donations of land that are useful for fish and wildlife conservation and other similar land conservation purposes; (4) The establishment of the North Carolina Agricultural Development and Farmland Preservation Trust Fund established in 1986 (N.C.G.S. 106-744(c) as amended) to preserve important farmland in North Carolina; (5) The special use value assessment of farm and forestland as set forth in North Carolina General Statute 105-277.2 et seq.; and (6) The zoning of the Property by Orange County as Rural Buffer. Grantor and Grantee have the common purpose of protecting the above-described conservation values and current condition of the Property and preventing conversion of the Property to nonagricultural uses and Grantor agrees to create and implement a conservation plan (hereinafter the “Conservation Plan”) that is developed utilizing the standards and specification of the NRCS field office technical guide and 7 CFR part 12, or equivalent standard, and is approved by the Orange County Soil and Water Conservation District; The Grantee is a body politic existing under Chapter 153A of the North Carolina General Statutes, and is qualified to hold Conservation Easements under the applicable laws of the State of North Carolina; NOW, THEREFORE, for and in consideration of the facts recited above and of the mutual covenants, terms, conditions and restrictions contained herein, together with other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by the parties, Grantor hereby unconditionally and irrevocably sells, grants and conveys unto Grantee, its successors and assigns, forever and in perpetuity a Conservation Easement over the Property of the nature and character as follows, together with the right to preserve and protect the Conservation Values thereof and TOGETHER WITH the non-exclusive and perpetual right, privilege, and easement for vehicular and pedestrian access, ingress, and egress over and upon the Property, specifically including that certain area labeled “50’ Private Access Easement” on the Recorded Plat, for the purpose of providing vehicular and pedestrian access, ingress, and egress from Arthur Minnis Road to Lot 1 and Lot 2. TO HAVE AND TO HOLD the rights, privileges, and easement as aforesaid and as follows, to Grantee and its successors and assigns forever: The terms, conditions and restrictions of the Conservation Easement are as hereinafter set forth: Docusign Envelope ID: F68C289B-897D-4E9C-8B77-C5477012992E