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STATE OF NORTH CAROLINA AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY COUNTY OF CABARRUS THIS AGREEMENT ("Agreement"), is by and between Corporate Funding Associates 11, LLC a(n) Limited Liability Company ("Buyer'), and (individual or type of entity) CABARRUS COUNTY, a body politic and political subdivision of the State of North Carolina ("Seller'). FOR AND IN CONSIDERATON OF THE MUTUAL PROMISES SET FORTH AND OTHER GOOD AND VALUABLE CONSIDERATON, THE RECEIPT AND SUFFICIENCY OF WHICH ARE ACKNOWLEDGED, THE PARTIES AGREE AS FOLLOWS: Section 1. Terms and Definitions: The terms listed below shall have the respective meaning given them as set forth adjacent to each term. (a) "Prope : (Address) 8325 NC Hwy 49 N. Mount Pleasant, NC 28124 in Cabarrus County, consisting of -/- 20 27 acres. The PIN is and the prior deed reference is Book Page of the Cabarrus Public Registry. The legal description or other information about the Property is attached as Exhibit A and incorporated by reference. $ 510,000.00 (b) "Purchase Price' shall mean the sum of Five hundred, ten thousand dollars Dollars, payable on the following terms: $ 25,500.00 (1) "Earnest Monet' shall mean a deposit of 5.0% of the Purchase Price, which deposit is payable to the Cabarrus County Clerk to the Board upon Buyers execution of this Agreement. The Clerk is not an escrow agent for purposes of this Agreement. Her duties relative to this Agreement are defined by North Carolina law. $ 484,500.00 (ii) Cash balance of Purchase Price at Closing in the amount of Four hundred, eighty-four thousand, five hundred Dollars. (c) "Closin ' shall mean the date of completion of the process detailed in Section 9 of this Agreement. Closing shall occur on or before April, 20, 2018 , TIME IS OF THE ESSENCE AS TO THE CLOSING DATE. (d) "Contract Date' means the date this Agreement has been fully executed by both Buyer and Seller. Page 1 of 6 Aftchmenl number 2 \n Buyer Initials Seller Initials G-3 Page 144