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3 <br /> DECLARATION OF EASEMENTS AND <br /> RESTRICTIVE COVENANTS <br /> Prepared by and return to: Beemer,Hadler&Willett,P.A., 1829 E.Franklin Street, Suite <br /> 800-13,Chapel Hill,NC 27514 <br /> PIN: 9873-52-0371; 9873-52-0006; and 9873-42-3183 <br /> THIS DECLARATION OF EASEMENTS AND RESTRICTIVE COVENANTS (the <br /> "Declaration") is made as of this day of , 2026, by CAPKOV VENTURES, <br /> INC., a North Carolina corporation ("CAPKOV") and ORANGE COUNTY, NORTH <br /> CAROLINA ( "ORANGE COUNTY") (CAPKOV and ORANGE COUNTY are collectively <br /> referred to herein as the "Parties"). <br /> RECITALS: <br /> A. CAPKOV is the fee owner of New Lot 1, containing 1.81 acres and New Lot 3 <br /> containing 9.61 acres, more or less, as shown on a map and survey prepared by TIMMONS GROUP <br /> and entitled "Recombination Survey, Prepared for Capkov Ventures, Inc.", dated June 3, 2025 and <br /> recorded on June 24, 2025 in Plat Book 129, Page 39, Orange County Registry, to which reference is <br /> made for a more particular description of same(collectively the"CAPKOV Property"). The PIN for <br /> New Lot 1 is 9873-52-0371 ("New Lot 1"); and the PIN for New Lot 3 is 9873-42-3183 ("New Lot <br /> 3" <br /> B. ORANGE COUNTY is the fee owner of New Lot 2, containing 5.01 acres, more or <br /> less, as shown on a map and survey prepared by TIMMONS GROUP and entitled "Recombination <br /> Survey, Prepared for Capkov Ventures, Inc.", dated June 3, 2025 and recorded on June 24, 2025 in <br /> Plat Book 129, Page 39, Orange County Registry, to which reference is made for a more particular <br /> description of same (referred to herein as the "COUNTY Property" and"New Lot 2"). The PIN for <br /> New Lot 2 is 9873-52-0006. <br /> The CAPKOV Property and the COUNTY Property are collectively referred to herein as the <br /> "Properties". <br /> 1 <br />