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AGREEMENT OF PURCHASE AND SALE THIS CONTRACT ("Contract") made as of this _ day of September, 2007 by and between SALLOUM VENTURES, LLC, a North Carolina limited liability company (hereinafter referred to as "Buyer"), its successors and/or assigns, and CABARRUS COUNTY, a political subdivision of the State of North Carolina, by and through its Cabarrus County Board of Commissioners (hereinafter referred to as "Seller"). RECITALS/STATEMENT OF PURPOSE Seller owns the property listed on the tax records of Cabarrus County, North Carolina as Tax Identification Parcel numbers 5620972749, 5620973931 and 5620983000, and being commonly known as the former Cabarrus Bank & Trust building including the associated drive through facility and parking areas. Seller desires to sell and Buyer desires to buy the aforesaid property upon the terms hereinafter set forth, together with all appurtenances thereunto belonging or appertaining, and all right, title and interest which Seller may have in all rights-of--way, easements, roads, streets and ways located within or bounding the property, and any off-site utility easements serving the property, which property and related improvements, appurtenances, rights, titles and interests are collectively referred to herein as the "Property". The effective date (the "Effective Date") of this Contract shall be the date the last of the parties to this Contract executes same as reflected under their signatures at the end of this Contract. It is the purpose of this Contract to set forth the rights and responsibilities of the Seller and Buyer regarding the purchase and sale of the Property. CONTRACT NOW, THEREFORE, in consideration of the premises as set forth in the RECITALS/STATEMENT OF PURPOSE, the mutual promises hereinafer set forth, and the payment by Buyer of the good faith binders referred to hereinbelow, to Seller in hand paid, the receipt and sufficiency of which are hereby acknowledged by the parties, and intending to be legally bound hereby, Seller agrees to sell and convey the Property and Buyer agrees to purchase and take the Property, subject to and in accordance with all of the terms and conditions which follow: 1. SURVEY. The parties agree that the transaction contemplated hereby will be facilitated by commissioning a current survey prepared in accordance with the standards of American Land Title Association ("ALTA"). Seller shall commission a licensed local surveyor to undertake the preparation of a current and accurate ALTA survey of all the Property as hereinabove defined, reflecting the actual boundaries and such other information as is normally set forth on an ALTA survey. The aforesaid survey will serve as the basis for the legal description to be used in connection with the sale contemplated hereby, the deed to be delivered by Seller and related matters. The ALTA survey shall be delivered to Buyer within thirty (30) days after the Effective Date. 2. PURCHASE PRICE AND PAYMENT: Buyer will purchase the Property for a total $1,000,000.00 ("Purchase Price") payable as follows: G-3