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DocuSign Envelope ID:D7761FC7-63D0-409C-910D-CEF50900F346 Purchaser's check or wire transfer in the amount of One Hundred Thousand and No/100 Dollars($100,000.00)shall be delivered by Purchaser to [ ) (the "Escrow Agent"), as earnest money (the "Earnest Money Deposit") within five (5) business days of execution of this Contract by Purchaser and Seller. The Earnest Money Deposit and the Additional Earnest Money Deposit(as hereinafter referenced),to the extent actually made by Purchaser,added together,shall hereinafter be referred to as the"Earnest Money." The Earnest Money shall be applied toward the Purchase Price or otherwise held or delivered in accordance with the terms of this Contract. The Purchase Price,as adjusted by the Closing prorations described herein and as reduced by the Earnest Money,shall be payable at the closing of the transaction contemplated by this Contract(the act of closing being hereinafter referred to as "Closing" and the date on which closing occurs being hereinafter referred to as the "Closing Date") by cashier's check or wire transfer, pursuant to instructions provided to Purchaser prior to Closing. 4. Closing. The Closing shall be held at Escrow Agent's office, via mail or at an alternative location to which Seller and Purchaser shall agree and on a date("Closing Date")which is no later than thirty (30) days from the date the Feasibility Period (as defined below) expires, subject to Purchaser's right to extend the Feasibility Period as set forth in Paragraph 7 hereinbelow. Purchaser shall provide Seller with at least ten(10)days written notice prior to Closing. Possession of the Property shall be granted and delivered by Seller to Purchaser at the time of Closing,provided however Purchaser agrees to lease the premises of the plant located at 2101 Nash Street,Sanford,NC 27330 as shown on EXHIBIT A to the Seller pursuant to the terms set forth in the form of lease attached hereto as Exhibit F("Post-Closing Lease"),which shall be signed on or before Closing. At the Closing,Seller shall convey to Purchaser good,marketable and insurable fee simple title to the Property subject only to the lien of real property ad valorem taxes for the year in which closing occurs,-any and all matters other than deeds of trust,assessments,•taxes or other monetary encumbrances of a fixed and determined amount arising out of the acts or omissions of Seller to be discharged at Closing,affecting the Property in the public records of Lee County,North Carolina, and any matters that would be shown on a current and accurate survey of the Property(collectively, the "Permitted Title Exceptions"). Such conveyance shall be made by execution and delivery to Purchaser by Seller of a special warranty deed on the standard North Carolina bar association form ("Deed")together with all other documents herein required. Seller shall take all actions expressly required by this Contract to be performed by Seller at the Closing, including but not limited to satisfying and/or discharging out of Seller's closing proceeds or otherwise'at Seller's cost or expense all deeds of trust, assessments, taxes and other encumbrances Seller is required to discharge necessary to deliver title to the Property as required herein. At Closing,in addition to the foregoing requirements,Seller shall deliver to Purchaser(i)an owner's affidavit in customary form as required by Purchaser's title insurance company in order to remove all the standard exceptions to Purchaser's title insurance policy and(ii)a customary non-foreign affidavit. 5. Prorations. Ad valorem taxes on the Property for the calendar year in which Closing occurs shall be prorated at the time of Closing on a calendar year basis. If the then-current tax bills are not available,taxes shall be prorated on the basis of the taxes on the Property for the immediately preceding year subject to adjustment when the current year tax bill is available. If the Property is a part of a larger tract,the tax proration should be based upon the total tax bill for such larger tract divided by the total number of acres included in such tax bill multiplied by the number of acres contained within the Property. Any and all assessments, if any, against the Property for improvements that have been completed and are available for use by the owner of the Property shall be paid in full by Seller prior to or at Closing. All utilities and similar charges for the Property shall be the responsibility of Seller through and including the Closing Date. 2 PPAB 6064213v5.doc