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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 987342 -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 987342 -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 />