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GIBSON SMITH REALTY CO. <br /> 1100 Kenilworth Avenue,Suite 200 <br /> Charlotte,North Carolina 28204 <br /> AL <br /> (704)333-7151 •FAX(704)333-7154•www.gsrc.net <br /> August 17,2017 <br /> To: Mr.Doug Donia <br /> New Branch Real Estate Advisors <br /> 363 Church Street N.,Suite 260 <br /> Concord,N.C.28025 <br /> From: Kevin J.Doherty—Broker(#123840) <br /> Gibson Smith Realty Company <br /> kdoherty@gsrc.net <br /> 704.201.1904 <br /> Re: Letter of Intent to purchase the property at 2323 Concord Lake Road,Concord,NC 28025 <br /> Parcel#: 56223335290000(Appro3imately 5,364 S.F.) <br /> Doug, <br /> The purpose of this letter is to set forth the basic terms and conditions of the proposed purchase by the <br /> undersigned(the"Buyer")of certain real estate owned by Cabatrus County(the"Seller").The terms set <br /> forth in this Letter will not become binding until a more detailed"Purchase Agreement"is negotiated <br /> and signed by the parties, as contemplated below by the section of this Letter entitled"Non-Binding". <br /> Seller: Cabanas County <br /> 65 Church Street SE <br /> Concord,N.C.28026-0707 <br /> Buyer: Ben&Bella Management,LLC <br /> Member: Chris Caggiano <br /> Purchase Price: $325,000.00(The Property is Sold As Is) <br /> Earnest <br /> Money Deposit: $3,000.00 <br /> Cash Balance <br /> Of Purchase Price: $322,000.00(at closing) <br /> Purchase <br /> Agreement: Shall be on the Seller's form. <br /> Since 1964 <br /> --_.. Specialists in Commercial,Industrial,and Investment Real Estate <br /> Individual 1 <br /> Member <br /> Attachme number 1 \n <br /> G-4 Page 132 <br />