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REAL_ESTATE PURCHASE AND SALE AGREEMENT THIS REAL ESTATE PURC SALE AGREEMENT (this "Agreement") is made and entered into effective as of the day of 2019 (the "Effective Date"), by and between JIIVIIVIY LEE POINDEXTER and wife CAROL P. POINDEXTER (collectively, the "Seller") and the COUNTY OF LEE, one of the counties of the State of North Carolina and a body both politic and corporate, (the "Buyer"). WITNESSETH: WHEREAS, Buyer desires to purchase a sixty foot (60') strip of land containing approximately 1.38 acres, plus or minus, from Seller located along the southern boundary of Seller's land identified as 1905 Colon Road (and having PIN # 9655-30-3668-00 as assigned by the Lee County Tax Office) extending from Colon Road to an approximate ninety eight (98) acre tract which Buyer is contracted to purchase from Richard and Angela Hearn, said tract of land (the "Land"), and as more particularly described on Exhibit A attached hereto and incorporated herein by reference, together with: All easements and other rights appurtenant to the Land (collectively, the "Appurtenances") including but not limited to the Easement to said Land recorded in Deed Book 1345, Page 659, Lee County Registry; and All improvements located on the Land, including but not limited to all paved parking areas, entrance roads, utility facilities, drainage facilities, landscaping, signs, lighting equipment and other site improvements located (or to be constructed) on the Land (collectively, the "Improvements"). The Land, the Appurtenances and the Improvements are collectively referred to in this Agreement as the "Real Property." WHEREAS, Seller inherited the Property from Bitha Poindexter by and through her Last Will and Testament located in estate file 98E160; and Whereas the Property being sold herein is a portion of that tract referred to as the 28 acre tract in the Will of Bitha Poindexter, and Whereas, the Will requires Seller to hold the property in trust until such time as Stephen Poindexter has reached the age of 22 and Sarah Elizabeth Poindexter has reached the age of 18; and Whereas Stephen Poindexter was born on July 5, 1980 and is currently forty (40) years old; and Whereas Sarah Elizabeth Poindexter was born on April 7, 1984 and is currently thirty six (36) years old; and ; and WHEREAS, Seller shall be separately compensated $1,000.00 for the value of the timber on the property by SAGA and furthermore Buyer's Attorney is currently in possession of said funds and is able to release said nonrefundable funds to Seller upon Closing on the property; and WHEREAS, Should Buyer not ultimately develop, sale or transfer the land to a third party within two years (24 months) from the date of Closing, Buyer shall provide Seller a Right of First Refusal to buy said