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1 <br />PURCHASE AND SALE CONTRACT <br />This purchase and sale contract (“Contract”) is made as of the Effective Date by CAPKOV <br />VENTURES, INC., a North Carolina business corporation (“Seller”) and ORANGE COUNTY, NORTH <br />CAROLINA, a political subdivision of the State of North Carolina (“Buyer”). <br />ARTICLE I <br />Basic Terms and Definitions <br />Basic Defined Terms. <br />BUYER: Orange County North Carolina <br />300 West Tryon Street <br />Hillsborough, North Carolina 27278 <br />Attn: Travis Myren, County Manager <br />Tel: 919.245.2300 <br />Email: tmyren@orangecountync.gov <br />BUYER’S COUNSEL: Kennon Craver, PLLC <br />4011 University Drive <br />Suite 300 <br />Durham, North Carolina 27707 <br />Attn: Brian M. Ferrell <br />Tel: 919.490.0500 <br />Email: bferrell@kennoncraver.com <br />CLOSING DATE: June 30, 2025, as may be extended in accordance with Section 2.5. <br />EARNEST MONEY: The $25,000.00 in earnest money to be deposited with Escrow Agent <br />in accordance with Section 2.3, and any interest earned on that <br />earnest money. <br />EFFECTIVE DATE: The date (as set forth on the signature page to this Contract) on which <br />this Contract is executed by the last of Buyer and Seller. <br />ESCROW AGENT and TITLE <br />COMPANY: <br />Investors Title Insurance Company <br />P.O. Drawer 2687 <br />Chapel Hill, North Carolina 27515 <br />Attn: CommercialEscrow@invtitle.com <br />INSPECTION PERIOD: The period beginning on the Effective Date and ending at 11:59 p.m. <br />on the date that is 60 days after the Effective Date. <br />Docusign Envelope ID: 6FA32B3A-54E4-43D1-ADFC-0E9AD5C2D12E