OI_19-59_ West

Issued by WiRO
Oak Island
01 19-59
Permit Number
CAMA
MINOR DEVELOPMENT
PERMIT
as authorized by the State of North Carolina, Department of Environmental Quality
and the Coastal Resources Commission for development
in an area of environment concern pursuant to Section 113A-118 of the
General Statutes, "Coastal Area Management"
Issued to the West End Estates, LLC, authorizing development in the Inlet Hazard (AEC) at the end of West Beach Drive adjacer
to 7001 West Beach Drive in Oak Island, Brunswick County, as requested in the permittee's application and survey, dated receives
on October 29, 2019, and drawing, dated received on November 18, 2019. This permit, issued on November 18, 2019, is subject ti
compliance with the application and site drawing (where consistent with the permit), all applicable regulations and special condition.
and notes set forth below. Any violation of these terms may subject permittee to a fine, imprisonment or civil action, or may cause
the permit to be null and void.
This permit authorizes: The construction of a 600 linear ft. access road at the end of West Beach Drive.
(1) All proposed development and associated construction must be done in accordance with the permitted drawings ani
survey dated received on October 25, 2019 and November 18, 2019.
(2) All construction must conform to the N.C. Building Code requirements and all other local, State and Federal regulations
applicable local ordinances and FEMA Flood Regulations.
(3) Any change or changes in the plans for development, construction, or land use activities will require a re-evaluation ani
modification of this permit.
(4) A copy of this permit shall be posted or available on site. Contact this office at [phone] for a final inspection a
completion of work.
(Additional Permit Conditions on Page 2) RECEIVED
DEC 19 2019
DCM WI ING N, Ni
This permit must be on the project site and accessible to the permit officer when
the project is inspected for compliance. Any maintenance work or project
modification not covered under this permit, require further written permit
approval. All work must cease when this permit expires on:
December 31, 2022
In issuing this permit it is agreed that this project is consistent with the local Land
Use Plan and all applicable ordinances. This permit may not be transferred to
another party without the written approval of the Division of Coastal
Management.
Field Representatii
127 Cardinal Drive
Wilmington, NC 28405-3845
X,
PERMITTEE

Name: West End Estates, LLC
Minor Permit # 01 19-59
Date: November 18, 2019
Page 2
(5) The structure must be set back a minimum if 60 feet from the first line of stable natural vegetation, as determined by
the DCM, the LPO, or other assigned agent of DCM.
(6) Any structure constructed within the inlet hazard area shall comply with the NC Building Code, including the Coastal
and Flood Plain Construction Standards of the N. C. Building Code, and the Local Flood Damage Prevention
Ordinance as required by the National Flood Insurance Program. If any provisions of the building code or a flood
damage prevention ordinance are inconsistent with any of the following AEC standards, the more restrictive
provision shall control.
(7) All unconsolidated material resulting from associated grading and iandscaping shall be retained on site by effective
sedimentation and erosion control measures. Disturbed areas shall be vegetatatively stabilized (planted and
mulched) within 14 days of construction completion.
(8) Any structure authorized by this permit shall be relocated or dismantled when it becomes imminently threatened by
changes in shoreline configuration. The structure(s) shall be relocated or dismantled within two years of the time
when it becomes imminently threatened, and in any case upon its collapse or subsidence. However, if natural
shoreline recovery or beach renourishment takes place within two years of the time the structure becomes
imminently threatened, so that the structure is no longer imminently threatened, then it need not be relocated or
dismantled at that time. This condition shall not affect the permit holder's right to seek authorization of temporary
protective measures allowed under CRC rules.
(9) Pursuant to 15A NCAC, Subchapter 7J.0406(b), this permit may not be assigned, transferred, sold or otherwise
disposed of to a third -party.
(10) Dune disturbances will be allowed only to the extent necessary for development and if the dune's protective value is
not weakened or reduced. Disturbed dune areas will be immediately stabilized.
(11) Dune disturbances and land disturbing activity shall be restricted to the surveyed area per Map Book 33 Page 85 as
submitted in the application.
Note: Any additional land disturbing activities and/or construction on individual lots adjacent to the road ROW, including
construction of residential structures, will require individual CAAMA Minor Permits from the Town of Oak Island.
SIGNATURE: x
PERMITTEE
DATE: �', 1L1 10 9
RECEIVED
DEC 19 Z019
DCM WILMINGTON,

Locality Oak �&A Permit Number U Z 59-1q
Ocean Hazard Estuarine Shoreline ORW Shoreline Public Trust Shoreline Other,_
(For official use only)
GENERAL INFORMATION
LAND OWNER - MAILING ADDRESS
Name_ !su, (man'
�
�KawV�uei
Address 'POffin�-Z -To v
Cih' CA4 State l� Zip 0\ 45191Phone 1 `1
Email `j(,� Yj61M60, C6YY1
AUTHORIZED AGENT
' Imo,
Nam r�h Q(jv IS� / 6ockyNoweS,�C
AddressM!��aAo�494 S .eJ 10
City C,�-kj Icy 0Vt State ipPhone `7 1&—Z& 3—( (aD0
Email
LOCATION OF PROJECT: (Address, street name and/or directions to site; name of the adjacent waterbody.)
tea 6.6t 0,h C
.XflQA4G
DESCRIPTION OF PROJECT: (List all proposed construction and land disturbance.) QCC� KQ
Z% GO(
SIZE OF LOT/PARCEL: N I /'f square feet
PROPOSED USE: Residential (Single-family 0 Multi -family Commercial/Industrial ❑ Other
COMPLETE EITHER (1) OR (2) BELOW (Contact your Local Permit Officer if you are not sure which AEC applies
to your property):
(1 OCEAN HAZARD AECs: TOTAL� � 5���� f FLOOR AREA OF PROPOSED STRUCTURE: square feet (includesPi��%
air conditioned living space, parking elevated -above ground level, non -conditioned space elevated above ground level but
-xcluding non -load -bearing attic space)
�00
;2) COASTAL SHORELINE AECs: SIZE OF BUILDING FOOTPRINT AND OTHER IMPERVIOUS OR BUILT
JPON SURFACES: square feet (includes the area of the foundation of all buildings, driveways, covered dec
ncrete or masonry patios, etc. that are within the applicable AEC. Attach your calculations with the project d- g.) 70
>TATE STORMWATER MANAGEMENT PERMIT: Is the project located in an area subject to a Statue
;tormwater Management Permit issued by the NC Division of Energy, Mineral and Land Resources (DEMLR)?
/u C� h T!1 / - A

OTHER PERMITS MAY BE REQUIRED: The activity you are planning may require permits other than the CAMA
minor development permit, including, but not limited to: Drinking Water Well, Septic Tank (or other sanitary waste
treatment system), Building, Electrical, Plumbing, Heating and Air Conditioning, Insulation and Energy Conservation, FIA
Mortification, Sand Dune, Sediment Control, Subdivision Approval, Mobile Home Park Approval, Highway Connection, and
.ners. Check with your Local Permit Officer for more information.
STATEMENT OF OWNERSHIP:
I, the undersigned, an applicant for a CAMA minor development permit, being either the owner of property in an AEC or a
person authorized to act as an agent for purposes of applying for a CAMA minor development permit, certify that the person
listed as landowner on this application has a significant interest in the real property described therein. This interest can be
described as: (check one)
an owner or record title, Title is vested in name of
see Deed Book
page in the
an owner by virtue of inheritance. Applicant is an heir to the estate of
probate was in
County Registry of Deeds.
County.
_LZ_if other interest, such as written contract or lease, explain below or use a separate sheet & attach to this application.
NOTIFICATION OF ADJACENT RIPARIAN PROPERTY OWNERS:
I furthermore certify that the following persons are owners of properties adjoining this property. I affirm that I have given
ACTUAL NOTICE to each of them concerning my intent to develop this property and to apply for a CAMA permit.
(1)
;4)
AC:
ffJJ� /
the undersigned, acknowledge that the land owner is aware that the proposed development is panne or a�area K o
nay be susceptible to erosion and/or flooding. I acknowledge that the Local Permit Officer has explained to me the particu-
ar hazard problems associated with this lot. This explanation was accompanied by recommendations concerning stabiliza-
ion and floodproofing techniques.
furthermore certify that I am authorized to grant, and do in fact grant, permission to Division of Coastal Management staff,
ie Local Permit Officer and their agents to enter on the aforementioned lands in connection with evaluating information
-lated to this permit application.
andowner or person authorized
This the day
act as his/her agent for purpose of filing a CAMA permit application
kis application includes: general information (this form), a site drawing as described on the back of this application, the
vnership statement, the Ocean HazardAEC Notice where necessary, a check for $100.00 made payable to the locality, and
*nformation as may be provided orally by the applicant. The details of the application as described by these sources are
corporated without reference in any permit which may be issued. Deviation from these details will constitute a violation of
y permit. Any person developing in an AEC without permit is subject to civil, criminal and administrative action.

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AGENT AUTHORIZATION FOR CAMA PERMIT APPLICATION
Name of Property Owner Applying for Permit: 61 .-rl
Mailing address:
-7 7
Phone Number:
I certify that I have authorized
Agent Contractor'
to act on my behalf, for the purpose of applying and obtaining all CAMA permits
necessary for the proposed development of C<-,L4 'ta -P
-Z)
at my property located at
in
County.
This certification is valid through
Date
(Property Owner Information)
DocuSigne
�-2BOF663F2C608 Signature
Mani Sundaram
Print or Type Name
Member manager
Title
7/10/2019
Date
919-818-1576
Phone Number
[e-mail]
Email Address

NORTH CAROLINA
Environmental Quality
December 4, 2019
West End Estates, LLC
c/o Mani Sundram
PO Box 5278
Cary, NC 27512
Dear Mani,
ROY COOPER
Governo,
MICHAEL S. REGAN
Secretarj
BRAXTON DAVIS
lhrecto,
Attached is CAMA Minor Development Permit 01 19-59 for work to be done at West Beach Drive
adjacent to 7001 West Beach Drive, in Oak Island, Brunswick County. An electronic copy has been sent
to the Oak Island Inspections Department and to your Agent.
To validate this permit, please sign both copies as indicated for our records. Retain the orange copy for
your files, and return the white copy to us within 20 days of receipt in the enclosed, self-addressed
envelope.
This is not a valid permit until it is signed and returned to our office.
Thank you for your prompt attention to this matter.
Enclosures
Cc: WiRO files
01 Inspection Dept.
Garrett Isenhour —Agent
1
incerely,
Tanya . ietila
Permit upport Technician
N.C. Division of Coastal Management
State of North Carolina I Environmental Quality I Coastal Management
127 Cardinal Drive Ext., Wilmington, NC 28405

MacPherson, Tara
From: Garrett Isenhour <[e-mail]>
Sent: Thursday, November 7, 2019 12:04 PM
To: MacPherson, Tara
Cc: Donna Coleman
Subject: [External] FW: 7001 W beach
Attachments: Survey Access Easement.pdf
Hey Tara,
Is this what you are looking for?
The access will be 8" of crush and run during construction of the homes. Once the home is complete we will top it with
4" of #57 slate. The drive will be approximately 12' wide when complete.
Thanks!
Garrett Isenhour
ISENH0UR
F+C7toLL
Isenhour Homes
St. James Square
4330 Southport Supply Rd. Suite 101
Southport, NC 28461
[phone] - office
[phone] - mobile
earrettisenhour(@isenhourhomes.com
www.isenhourhomes.com
From: Garrett Isenhour
Sent: Thursday, November 7, 2019 10:05 AM
To: MacPherson, Tara <[e-mail]>
Subject: Re: 7001 W beach
Hey Tara,
I will email that to you when I get to the office. I tried to send Monday but must have not gone through.
It was my understanding that we didn't have to send adjacent homeowner letters because the town owned the propert
on both sides. I thought that was the reason the review was turned over to you.

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RECEIVED
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if OCT 2 9 2019
DCM WILMINGTON,
NC`;'
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AEC HAZARD NOTICE
Project Is In An: ��+ Ocean Erodible Area High Hazard Flood Area
Property Owner:
Property Address:��'�
Date Lot Was Platted: _ l.0 1 r�• �" i 4%
This notice is intended to make you, the applicant, aware of the
special risks and conditions associated with development in this
area, which is subject to natural hazards such as storms, erosion
and currents. The rules of the Coastal Resources Commission
require that you receive an AEC Hazard Notice and acknowledge
that notice in writing before a permit for development can be
issued.
The Commission's rules on building standards, oceanfront
setbacks and dune alterations are designed to minimize, but not
eliminate, property loss from hazards. By granting permits, the
Coastal Resources Commission does not guarantee the safety of
the development and assumes no liability for future damage to
the development. Permits issued in the Ocean Hazard Area of
Environmental Concern include the condition that structures be
relocated or dismantled if they become imminently threatened by
changes in shoreline configuration. The structure(s) must be
-located or dismantled within two (2) years of becoming
imminently threatened, and in any case upon its collapse or
subsidence.
The best available information, as accepted by the Coastal
Resources Commission, indicates that the annual long-term
average ocean erosion rate for the area where your property is
located is a feet per year.
The rate was established by careful analysis of aerial photographs
of the coastline taken over the past 50 years.
Studies also indicate that the shoreline could move as much as
�M_feet landward in a major storm.
The flood waters in a major storm are predicted to be about
18 feet deep in this area.
Preferred oceanfront protection measures are beach nourishment
and relocation of threatened structures. Hard erosion control
structures such as bulkheads, seawalls, revetments, groins, jetties
and breakwaters are prohibited. Temporary sand bags may be
authorized under certain conditions.
Fhe applicant must acknowledge this information and requirements
.y signing this notice in the space below. Without the proper
.gnature, the application will not be complete.
` Inlet Hazard Area
SPECIAL NOTE: This hazard notice is required for development
in areas subject to sudden and massive stones and erosion. Permits
issued for development in this area expire on December 31 of the
third year following the year iu which the pen -nit was issued.
Shortly before work begins on the project site, the Local Permit
Officer must be contacted to determine the vegetation line and
setback distance at your site. If the property has seen little change
since the time of permit issuance, and the proposed development
can still meet the setback requirement, the LPO will inform you
that you may begin work. Substantial progress on the project
must be made within 60 days of this setback determination, or
the setback must be remeasured. Also, the occurrence of a major
shoreline change as the result of storm within the 60-day period
will necessitate remeasurement of the setback. It is important
that you check with the LPO before the permit expires for official
approval to continue the work after the permit has expired.
Generally, if foundation pilings have been placed and substantial
progress is continuing, permit renewal can be authorized. It is
unlawful to continue work after permit expiration.
For urore information, contact:
—DO rl� N A�t'vl
Local Permit Officer
4LOI E. Oal� Ts�nd �2
Address rr
C7al�. �Slar�c�� IV Z.aLi��
Locality
910 a01- a0 49
Phone Number
dCo(enna+n @ C'i. oa k-island. nc. us

DocuSign Envelope ID: 2AOC3364-32CD-41083-S, 3A9OCFD5EF58
OFFER TO PURCHASE AND CONTRACT - VACANT LOT/LAND
[Consult "Guidelines" (form 12G) for guidance in completing this form]
NOTE: This contract is intended for unimproved real property that Buyer will purchase only for personal use and does not have
immediate plans to subdivide. It should not be used to sell property that is being subdivided unless the property has been platted,
properly approved and recorded with the register of deeds as of the date of the contract. If Seller is Buyer's builder and the sale involves
the construction of a new single family dwelling prior to closing, use the standard Offer to Purchase and Contract -New Construction
(Form 800-T) or, if the construction is completed, use the Offer to Purchase and Contract (Form 2-T) with the New Construction
Addendum (Form 2A3-T).
For valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged, Buyer offers to purchase and Seller upon
acceptance agrees to sell and convey the Property on the terms and conditions of this Offer To Purchase and Contract and any addendum
or modification made in accordance with its terms (together the "Contract").
1. TERMS AND DEFINITIONS: The terms listed below shall have the respective meaning given them as set forth adjacent to eacl
term.
(a) "Seller": Dennis Michael, Denise Michael
(b) "Buyer": West End Estates, LLC.
(c) "Property": The Property shall include all that real estate described below together with all appurtenances thereto including the
improvements located thereon.
NOTE: If the Property will include a manufactured (mobile) home(s), Buyer and Seller should consider including the Manufactures
(Mobile) Home provision in the Additional Provisions Addendum (Standard Form 2A11-T) with this offer.
Street Address: 7001 W Beach Dr
City: Oak Island Zip: 28465
County: Brunswick North Carolina
NOTE: Governmental authority over taxes, zoning, school districts, utilities and mail delivery may differ from address shown:
Legal Description: (Complete ALL applicable)
Plat Reference: Lot/Unit 11 , Block/Section 143/5-B , Subdivision/Condominium Kings Lynn
, as shown on Plat Book/Slide 3 at Page(s) 113
The P1N/PID or other identification number of the Property is: 233oa018
Other description: L-11 B-143 S-5B KINGS LYNN PLAT 3/113
Some or all of the Property may be described in Deed Book 245 at Page 593
(d) "Purchase Price":
$
$
492,000.00
10,000.00
$
10,000.00
$
zero
$ zero
$ zero
472,000.00
paid in U.S. Dollars upon the following terms:
BY DUE DILIGENCE FEE made payable and delivered to Seller by the Effective Date.
BY INITIAL EARNEST MONEY DEPOSIT made payable and delivered to EscroA
Agent named in Paragraph 1(f) by ❑ cash M personal check ❑ official bank check
❑ wire transfer, ❑ electronic transfer, EITHER ❑ with this offer OR X❑ withil
five (5) days of the Effective Date of this Contract.
BY (ADDITIONAL) EARNEST MONEY DEPOSIT made payable and delivered to
Escrow Agent named in Paragraph 1(f) by cash, official bank check, wire transfer o:
electronic transfer no later than 5 p.m. on
TIME BEING OF THE ESSENCE.
BY ASSUMPTION of the unpaid principal balance and all obligations of Seller on the
existing loan(s) secured by a deed of trust on the Property in accordance with the attached
Loan Assumption Addendum (Standard Form 2A6-T).
BY SELLER FINANCING in accordance with the attached Seller Financing Addendum
(Standard Form 2A5-T).
BALANCE of the Purchase Price in cash at Settlement (some or all of which may be paid
with the proceeds of a new loan).
113 This form jointly approved by: Page 1 of 11 STANDARD FORM 12-1
North Carolina Bar Association f2l Revised 7/2011
REACTOR® North Carolina ociation of REALTORSO, Inc. 0 AINU 11Y ©7/2011
RTU
Buyer initials Seller initials 20--
Better Beach sates, 8601 Eau Oak IDland r sand, NC 28465 Phone: [phone] Fax: [phone]
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Should Buyer fail to deliver either the Due Diligence Fee or any Initial Earnest Money Deposit by their due dates, or should an}
check or other funds paid by Buyer be dishonored, for any reason, by the institution upon which the payment is drawn, Buyer shal
have one (1) banking day after written notice to deliver cash, official bank check, wire transfer or electronic transfer to the payee. 1z
the event Buyer does not timely deliver the required funds, Seller shall have the right to terminate this Contract upon written notice
to Buyer.
(e) "Earnest Money Deposit": The Initial Earnest Money Deposit, the Additional Earnest Money Deposit and any other eame,
monies paid or required to be paid in connection with this transaction, collectively the "Earnest Money Deposit", shall be depositec
and held in escrow by Escrow Agent until Closing, at which time it will be credited to Buyer, or until this Contract is otherwisit
terminated. In the event: (1) this offer is not accepted; or (2) a condition of any resulting contract is not satisfied, then the Eames
Money Deposit shall be refunded to Buyer. In the event of breach of this Contract by Seller, the Earnest Money Deposit shall be
refunded to Buyer upon Buyer's request, but such return shall not affect any other remedies available to Buyer for such breach. Ir
the event of breach of this Contract by Buyer, the Earnest Money Deposit shall be paid to Seller as liquidated damages and w
Seller's sole and exclusive remedy for such breach, but without limiting Seller's rights under Paragraphs 2(c) and 2(d) for damage t<
the Property or Seller's right to retain the Due Diligence Fee. It is acknowledged by the parties that payment of the Earnest Mone}
Deposit to Seller in the event of a breach of this Contract by Buyer is compensatory and not punitive, such amount being a
reasonable estimation of the actual loss that Seller would incur as a result of such breach. The payment of the Earnest Money
Deposit to Seller shall not constitute a penalty or forfeiture but actual compensation for Seller's anticipated loss, both parties
acknowledging the difficulty determining Seller's actual damages for such breach. If legal proceedings are brought by Buyer or
Seller against the other to recover the Earnest Money Deposit, the prevailing party in the proceeding shall be entitled to recover from
the non -prevailing party reasonable attorney fees and court costs incurred in connection with the proceeding.
(f) "Escrow Agent" (insert name): GEDDINGS AND KLEVA
NOTE: In the event of a dispute between Seller and Buyer over the disposition of the Earnest Money Deposit held in escrow,
licensed real estate broker ("Broker") is required by state law (and Escrow Agent, if not a Broker, hereby agrees) to retain the
Earnest Money Deposit in the Escrow Agent's trust or escrow account until Escrow Agent has obtained a written release from the
parties consenting to its disposition or until disbursement is ordered by a court of competent jurisdiction. Alternatively, if a Broker
or an attorney licensed to practice law in North Carolina ("Attorney") is holding the Earnest Money Deposit, the Broker or Attorney
may deposit the disputed monies with the appropriate clerk of court in accordance with the provisions ofN.C.G.S. §93A-12.
THE PARTIES AGREE THAT A REAL ESTATE BROKERAGE FIRM ACTING AS ESCROW AGENT MAY PLACE THE
EARNEST MONEY DEPOSIT IN AN INTEREST BEARING TRUST ACCOUNT AND THAT ANY INTEREST EARNED
THEREON SHALL BE DISBURSED TO THE ESCROW AGENT MONTHLY IN CONSIDERATION OF THE EXPENSES
INCURRED BY MAINTAINING SUCH ACCOUNT AND RECORDS ASSOCIATED THEREWITH.
(g) "Effective Date": The date that: (1) the last one of Buyer and Seller has signed or initialed this offer or the final counteroffer, i
any, and (2) such signing or initialing is communicated to the party making the offer or counteroffer, as the case may be. The parties
acknowledge and agree that the initials lines at the bottom of each page of this Contract are merely evidence of their having
reviewed the terms of each page, and that the complete execution of such initials lines shall not be a condition of the effectiveness of
this Agreement.
(h) "Due Diligence": Buyer's opportunity to investigate the Property and the transaction contemplated by this Contract, includin;
but not necessarily limited to the matters described in Paragraph 2 below, to decide whether Buyer, in Buyer's sole discretion, will
proceed with or terminate the transaction.
(i) "Due Diligence Fee": A negotiated amount, if any, paid by Buyer to Seller with this Contract for Buyer's right to terminate th
Contract for any reason or no reason during the Due Diligence Period. It shall be the property of Seller upon the Effective Date and
shall be a credit to Buyer at Closing. The Due Diligence Fee shall be non-refundable except in the event of a material breach of this
Contract by Seller, or if this Contract is terminated under Paragraph 6(n) or Paragraph 9, or as otherwise provided in any addendum
hereto. Buyer and Seller each expressly waive any right that they may have to deny the right to conduct Due Diligence or to assert
any defense as to the enforceability of this Contract based on the absence or alleged insufficiency of any Due Diligence Fee, it being
the intent of the parties to create a legally binding contract for the purchase and sale of the Property without regard to the existence
or amount of any Due Diligence Fee.
G) "Due Diligence Period": The period beginning on the Effective Date and extending through 5:00 p.m. of
30 days from contract TIME BEING OF THE ESSENCE
Page 2 of 11
Cis
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Buyer initials S Seller initials
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STANDARD FORM 12-1
Revised 7/2011
© 7/2011
7001 W Beach D

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(k) "Settlement": The proper execution and delivery to the closing attorney of all documents necessary to complete the transactic
contemplated by this Contract, including the deed, settlement statement, deed of trust and other loan or conveyance documents, ani
the closing attorney's receipt of all funds necessary to complete such transaction.
(1) "Settlement Date": The parties agree that Settlement will take place on Qt--toher '40 , 2019
(the "Settlement Date"), unless otherwise agreed in writing, at a time and place designated by Buyer.
(m) "Closing": The completion of the legal process which results -in the transfer of title to the Property from Seller to Buyer, whit
includes the following steps: (1) the Settlement (defined above); (2) the completion of a satisfactory title update to the Propertl
following the Settlement; (3) the closing attorney's receipt of authorization to disburse all necessary funds; and (4) recordation in the
appropriate county registry of the deed(s) and deed(s) of trust, if any, which shall take place as soon as reasonably possible for thi
closing attorney after Settlement. Upon Closing, the proceeds of sale shall be disbursed by the closing attorney in accordance wit]
the settlement statement and the provisions of Chapter 45A of the North Carolina General Statutes. If the title update should revea
unexpected liens, encumbrances or other title defects, or if the closing attorney is not authorized to disburse all necessary funds, thei
the Closing shall be suspended and the Settlement deemed delayed under Paragraph 10 (Delay in Settlement/Closing).
WARNING: The North Carolina State Bar has determined that the performance of most acts and services required for a closin
constitutes the practice of law and must be performed only by an attorney licensed to practice law in North Carolina. State ]a%
prohibits unlicensed individuals or firms from rendering legal services or advice. Although non -attorney settlement agents may
perform limited services in connection with a closing, they may not perform all the acts and services required to complete a closing
A closing involves significant legal issues that should be handled by an attorney. Accordingly it is the position of the North Carolin,
Bar Association and the North Carolina Association of REALTORS@ that all buyers should hire an attorney licensed in North
Carolina to perform a closing.
(n) "Special Assessments": A charge against the Property by a governmental authority in addition to ad valorem taxes and recurring
governmental service fees levied with such taxes, or by an owners' association in addition to any regular assessment (dues), either o!
which may be a lien against the Property. A Special Assessment may be either proposed or confirmed.
"Proposed Special Assessment": A Special Assessment that is under formal consideration but which has not been approved prior
to Settlement.
"Confirmed Special Assessment": A Special Assessment that has been approved prior to Settlement whether payable in a lump
sum or future installments.
NOTE: Any Proposed and Confirmed Special Assessments must be identified by Seller in paragraph 5(b), and Buyer's and Seller'
respective responsibilities for Proposed and Confirmed Special Assessments are addressed in paragraphs 4(a) and 6(k).
2. BUYER'S DUE DILIGENCE PROCESS:
WARNING: BUYER IS STRONGLY ENCOURAGED TO CONDUCT DUE DILIGENCE DURING THE DUE DILIGENCI
PERIOD. If Buyer is not satisfied with the results or progress of Buyer's Due Diligence, Buyer should terminate this Contract, prior
to the expiration of the Due Diligence Period, unless Buyer can obtain a written extension from Seller. SELLER IS NOT
OBLIGATED TO GRANT AN EXTENSION. Although Buyer may continue to investigate the Property following the expiration of
the Due Diligence Period, Buyer's failure to deliver a Termination Notice to Seller prior to the expiration of the Due Diligence
Period will constitute a waiver by Buyer of any right to terminate this Contract based on any matter relating to Buyer's Due
Diligence. Provided however, following the Due Diligence Period, Buyer may still exercise a right to terminate if Seller fails to
materially comply with any of Seller's obligations under paragraph 6 of this Contract or for any other reason permitted under the
terms of this Contract or North Carolina law.
(a) Loan: Buyer, at Buyer's expense, shall be entitled to pursue qualification for and approval of the Loan if any.
NOTE: Buyer's obligation to purchase the Property is not contingent on obtaining a Loan. Therefore, Buyer is advised to consul
with Buyer's lender prior to signing this offer to assure that the Due Diligence Period allows sufficient time for the appraisal to be
completed and for Buyer's lender to provide Buyer sufficient information to decide whether to proceed with or terminate the
transaction.
(b) Property Investigation: Buyer or Buyer's agents or representatives, at Buyer's expense, shall be entitled to conduct all desires
tests, surveys, appraisals, investigations, examinations and inspections of the Property as Buyer deems appropriate, including but
NOT limited to the following:
Page 3 of 11
DS
Buyer initials �'S Seller initials
Produced with ApForrtlD by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48025 wmu&j2g1A.M
STANDARD FORM 12-1
Revised 7/2011
© 7/2011
7001 W Beach D

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(i) Soil And Environmental: Reports to determine whether the soil is suitable for Buyer's intended use and whether there i,;
any environmental contamination, law, rule or regulation that may prohibit, restrict or limit Buyer's intended use:
(ii) Septic/Sewer System: Any applicable investigation(s) to determine: (1) the condition of an existing sewage system, (2)
the costs and expenses to install a sewage system approved by an existing Improvement Permit, (3) the availability and
expense to connect to a public or community sewer system, and/or (4) whether an Improvement Permit or written
evaluation may be obtained from the County Health Department for a suitable ground absorption sewage system.
(iii) Water: Any applicable investigation(s) to determine: (1) the condition of an existing private drinking water well, (2) the
costs and expenses to install a private drinking water well approved by an existing Construction Permit, (3) the
availability, costs and expenses to connect to a public or community water system, or a shared private well, and/or (4)
whether a Construction Permit may be obtained from the County Health Department for a private drinking water well.
(iv) Review of Documents: Review of the Declaration of Restrictive Covenants, Bylaws, Articles of Incorporation, Rules and
Regulations, and other governing documents of any applicable owners' association and/or subdivision. If the Property i
subject to regulation by an owners' association, it is recommended that Buyer review the completed Owners' Association
And Addendum (Standard Form 2Al2-T) provided by Seller prior to signing this offer. It is also recommended that the
Buyer determine if the owners' association or its management company charges fees for providing information required
by Buyer's lender or confirming restrictive covenant compliance.
(v) Appraisals: An appraisal of the Property.
(vi) Survey: A survey to determine whether the property is suitable for Buyer's intended use and the location of easements,
setbacks, property boundaries and other issues which may or may not constitute title defects.
(vii) Zoning and Governmental Regulation: investigation of current or proposed zoning or other governmental regulation
that may affect Buyer's intended use of the Property, adjacent land uses, planned or proposed road construction, and
school attendance zones.
(viii) Flood Hazard: Investigation of potential flood hazards on the Property, and/or any requirement to purchase flood
insurance in order to obtain the Loan.
(ix) Utilities and Access: Availability, quality, and obligations for maintenance of utilities including electric, gas,
communication services, stormwater management, and means of access to the Property and amenities.
(x) Streets/Roads: Investigation of the status of the street/road upon which the Property fronts as well as any other
street/road used to access the Property, including: (1) whether any streets)/road(s) are public or private, (2) whether any
streets)/road(s) designated as public are accepted for maintenance by the State of NC or any municipality, or (3) if private
or not accepted for public maintenance, the consequences and responsibility for maintenance and the existence, terms and
funding of any maintenance agreements.
NOTE: NC General Statutes Section 136-102.6(f) (the "Statute") requires that under circumstances described in the
Statute, a buyer must be provided a subdivision streets disclosure statement prior to entering into an agreement to buy
subdivided property described in the Statute. If Buyer or Seller are uncertain whether the sale of the Property described in
this Contract is subject to the Statute, consult a NC real estate attorney.
(c) Buyer's Obligation to Repair Damage: Buyer shall, at Buyer's expense, promptly repair any damage to the Property
resulting from any activities of Buyer and Buyer's agents and contractors, but Buyer shall not be responsible for any damage caused
by accepted practices applicable to any N.C. licensed professional performing reasonable appraisals, tests, surveys, examinations and
inspections of the Property. This repair obligation shall survive any termination of this Contract.
(d) Indemnity: Buyer will indemnify and hold Seller harmless from all loss, damage, claims, suits or costs, which shall arise out
of any contract, agreement, or injury to any person or property as a result of any activities of Buyer and Buyer's agents and
contractors relating to the Property except for any loss, damage, claim, suit or cost arising out of pre-existing conditions of the
Property and/or out of Seller's negligence or willful acts or omissions. This indemnity shall survive this Contract and any termination
hereof.
(e) Buyer's Right to Terminate: Buyer shall have the right to terminate this Contract for any reason or no reason, by delivering to
Seller written notice of termination (the "Termination Notice") during the Due Diligence Period (or any agreed -upon written
extension of the Due Diligence Period), TIME BEING OF THE ESSENCE. If Buyer timely delivers the Termination Notice, this
Contract shall be terminated and the Earnest Money Deposit shall be refunded to Buyer.
(f) CLOSING SHALL CONSTITUTE ACCEPTANCE OF THE PROPERTY IN ITS THEN EXISTING CONDITION
UNLESS PROVISION IS OTHERWISE MADE IN WRITING.
3. BUYER REPRESENTATIONS:
(a) Loan: Buyer 7M does ❑ does not intend to obtain a new loan in order to purchase the Property. If Buyer is obtaining a new
loan, Buyer intends to obtain a loan as follows: M Conventional ❑ Other: loan at a
os Page 4 of 1
Buyer initials [_As Seller initials tr
Produced with zlPForrrO byzipLogix 18070 FlUen Mde Road, Fraser, Mlchlgen 46026 ZM zjz'gjLgylx.cam
STANDARD FORM 12-T
Revised 7/2018
© 7/2018
7001 W Beach Dr

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M Fixed Rate ❑ Adjustable Rate in the principal amount of 80% of price for a term of 30 year(s), a
an initial interest rate not to exceed 6.000 % per annum (the "Loan").
NOTE: Buyer's obligations under this Contract are not conditioned upon obtaining or closing any loan.
NOTE: If Buyer does not intend to obtain a new loan, Seller is advised, prior to signing this offer, to obtain documentation fron
Buyer which demonstrates that Buyer will be able to close on the Property without the necessity of obtaining a new loan.
(b) Other Property: Buyer ❑ does M does not have to sell or lease other real property in order to qualify for a new loan or U
complete purchase.
NOTE: If Buyer does have to sell, Buyer and Seller should consider including a Contingent Sale Addendum (Standard Form 2A2
T) with this offer.
(c) Performance of Buyer's Financial Obligations: To the best of Buyer's knowledge, there are no other circumstances a
conditions existing as of the date of this offer that would prohibit Buyer from perfornvng Buyer's financial obligations in accordance
with this Contract, except as may be specifically set forth herein.
4. BUYER OBLIGATIONS:
(a) Responsibility for Proposed Special Assessments: Buyer shall take title subject to all Proposed Special Assessments.
(b) Responsibility for Certain Costs: Buyer shall be responsible for all costs with respect to:
(i) any loan obtained by Buyer, including charges by an owners association and/or management company as agent of an
owners' association for providing information required by Buyer's lender;
(ii) charges required by an owners' association declaration to be paid by Buyer for Buyer's future use and enjoyment of the
Property, including, without limitation, working capital contributions, membership fees, or charges for Buyer's use of the
common elements and/or services provided to Buyer, such as "move -in fees";
(iii) determining restrictive covenant compliance;
(iv) appraisal;
(v) title search;
(vi) title insurance;
(vii) any fees charged by the closing attorney for the preparation of the Closing Disclosure, Seller Disclosure and any other
settlement statement;
(viii) recording the deed; and
(ix) preparation and recording of all instruments required to secure the balance of the Purchase Price unpaid at Settlement.
(c) Authorization to Disclose Information: Buyer authorizes the Buyer's lender(s), the parties' real estate agent(s) and closing
attorney: (1) to provide this Contract to any appraiser employed by Buyer or by Buyer's lender(s); and (2) to release and disclose any
buyer's closing disclosure, settlement statement and/or disbursement summary, or any information therein, to the parties to this
transaction, their real estate agent(s) and Buyer's lender(s).
5. SELLER REPRESENTATIONS:
(a) Ownership: Seller represents that Seller.
IM has owned the Property for at least one year.
❑ has owned the Property for less than one year.
❑ does not yet own the Property.
(b) Assessments: To the best of Seller's knowledge there [j are M are not any Proposed Special Assessments. If any Proposed
Special Assessments, identify: oak Island Sand Assessment
Seller warrants that there ❑ are 0 are not any Confirmed Special Assessments. If any Confirmed Special Assessments, identify:
Oak Island Sewer Assessment
NUTE:Buyer's and Seller's respective responsibilities for Proposed and Confirmed Special Assessments are addressed in
paragraphs 4(a) and 6(k).
(c) Owners' Association(s) and Dues: To best of Seller's knowledge, ownership of the Property ❑ subjects M does not subject
Buyer to regulation by one or more owners' association(s) and governing documents, which impose various mandatory covenants,
conditions and restrictions upon the Property and Buyer's enjoyment thereof, including but not limited to obligations to pay regular
assessments (dues) and Special Assessments. If there is an owners' association, then an Owners' Association Disclosure and
Ds
Page 5
Buyer initials -a— Seller initials 3-yintd"�
Produced YAM ApFurm® by ApLoght 16070 Fifteen Mile Road, Fraser, Michigan 48026 www-AnLenix cam
STANDARD FORM 12-T
Revised 7/2018
© 7/2018
7001 W Beach Dr

Addendum For Properties Exempt from Residential Property Disclosure Statement (Standard Form 2Al2-T) shall be completed by
Seller, at Seller's expense, and must be attached as an addendum to this Contract.
(d) Sewage System Permit: (❑ Applicable 0 Not Applicable) Seller warrants that the sewage system described in the
Improvement Permit attached hereto has been installed, which representation survives Closing, but makes no further representations
as to the system.
(e) Private Drinking Water Well Permit: (❑ Applicable M Not Applicable) Seller warrants that a private drinking water wel;
has been installed, which representation survives Closing, but makes no further representations as to the well. (If well installed after
July 1, 2008, attach Improvement Permit hereto.)
6. SELLER OBLIGATIONS:
(a) Evidence of Title, Payoff Statement(s) and Non Foreign Status:
(i) Seller agrees to use best efforts to provide to the closing attorney as soon as reasonably possible after the Effective Date,
copies of all title information in possession of or available to Seller, including but not limited to: title insurance policies,
attorney's opinions on title, surveys, covenants, deeds, notes and deeds of trust, leases, and easements relating to the Property.
(ii) Seller shall provide to the closing attorney all information needed to obtain a written payoff statement from any lender(s)
regarding any security interest in the Property as soon as reasonably possible after the Effective Date, and Seller designates the
closing attorney as Seller's agent with express authority to request and obtain on Seller's behalf payoff statements and/or
short -pay statements from any such lender(s).
(iii) If Seller is not a foreign person as defined by the Foreign Investment in Real Property Tax Act, Seller shall also provide
to the closing attorney a non -foreign status affidavit (pursuant to the Foreign Investment in Real Property Tax Act). In the
event Seller shall not provide a non -foreign status affidavit, Seller acknowledges that there may be withholding as provided by
the Internal Revenue Code.
(b) Authorization to Disclose Information: Seller authorizes: (1) any attorney presently or previously representing Seller to
release and disclose any title insurance policy in such attorney's file to Buyer and both Buyer's and Seller's agents and attorneys; (2)
the Property's title insurer or its agent to release and disclose all materials in the Property's title insurer's (or title insurer's agent's) file
to Buyer and both Buyer's and Seller's agents and attorneys, and (3) the closing attorney to release and disclose any seller's closing
disclosure, settlement statement and/or disbursement summary, or any information therein, to the parties to this transaction, their real
estate agent(s) and Buyer's lender(s).
(c) Access to Property: Seller shall provide reasonable access to the Property (including working, existing utilities) through the
earlier of Closing or possession by Buyer, including, but not limited to, allowing the Buyer and/or Buyer's agents or representatives
an opportunity to (i) conduct Due Diligence, (ii) verify the satisfactory completion of negotiated repairs/improvements, and (iii)
conduct a final walk-through inspection of the Property. To the extent applicable, Seller shall also be responsible for timely clearing
that portion of the Property required by the County to perform tests, inspections and/or evaluations to determine the suitability of the
Property for a sewage system and/or private drinking water well.
i-iu i im bee VVAKl LNU in paragraph 2 above for limitation on Buyer's right to terminate this Contract as a result of Buyer's
continued investigation of the Property following the expiration of the Due Diligence Period.
(d) Removal of Seller's Property: Seller shall remove from the Property, by the date possession is delivered, (i) all personal
property which is not a part of the purchase and (ii) unless otherwise agreed, all garbage and debris.
(e) Affidavit and Indemnification Agreement: Seller shall furnish at Settlement an affidavit(s) and indemnification agreement(s)
in form satisfactory to Buyer and Buyer's title insurer, if any, executed by Seller and any person or entity who has performed or
furnished labor, services, materials or rental equipment to the Property within 120 days prior to the date of Settlement and who may
be entitled to claim a lien against the Property as described in N.C.G.S. §44A-8 verifying that each such person or entity has been
paid in full and agreeing to indemnify Buyer, Buyer's lender(s) and Buyer's title insurer against all loss from any cause or claim
arising therefrom.
(f) Designation of Lien Agent, Payment and Satisfaction of Liens: If required by N.C.G.S. §44A-11.1, Seller shall have
designated a Lien Agent, and Seller shall deliver to Buyer as soon as reasonably possible a copy of the appointment of Lien Agent.
All deeds of trust, deferred ad valorem taxes, liens and other charges against the Property, not assumed by Buyer, must be paid and
satisfied by Seller prior to or at Settlement such that cancellation may be promptly obtained following Closing. Seller sball remain
obligated to obtain any such cancellations following Closing.
(g) Good Title, Legal Access: Seller shall execute and deliver a GENERAL WARRANTY DEED for the Property in recordable
form no later than Settlement, which shall convey fee simple marketable and insurable title, without exception for mechanics' liens,
and free of any other liens, encumbrances or defects, including those which would be revealed by a current and accurate survey of
DS Page 6 of
Buyer initials Seller initials
Produced w8h zlpFonn® by zlpLogfx 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zol onlx.com
STANDARD FORM 12-T
Revised 7/2018
© 7/2018
7001 W Beach Dr

"U1.u01911 rurvuwNti iu: tMu1,,OJ04-o[4u-vt,csJ-a, 3AauL;ru0t 10B
the Property, except: ad valorem taxes for the current year (prorated through the date of Settlement); utility easements and unviolated
covenants, conditions or restrictions that do not materially affect the value of the Property; and such other liens, encumbrances or
defects as may be assumed or specifically approved by Buyer in writing. The Property must have legal access to a public right of
way.
NOTE: Buyer's failure to conduct a survey or examine title of the Property prior to the expiration of the Due Diligence Period doe
not relieve the Seller of their obligation to deliver good title under this paragraph.
NOTE: If any sale of the Property may be a "short sale," consideration should be given to attaching a Short Sale Addendun
(Standard Form 2A14-T) as an addendum to this Contract.
(h) Deed, Taxes, and Fees: Seller shall pay for preparation of a deed and all other documents necessary to perform Seller's
obligations under this Contract, and for state and county excise taxes, and any deferred, discounted or rollback taxes, and loca
conveyance fees required by law. The deed is to be made to: West End Estates, LLC .
(i) Agreement to Pay Buyer Expenses: Seller shall pay at Settlement $ N/A toward any of Buyer';
expenses associated with the purchase of the Property, at the discretion of Buyer and/or lender, if any, including any FHANA lender
and inspection costs that Buyer is not permitted to pay.
0) Owners' Association Fees/Charges: Seller shall pay: (i7 any fees required for confirming Seller's account paymen
information on owners' association dues or assessments for payment or proration; (ii) any fees imposed by an owners' association
and/or a management company as agent of the owners' association in connection with the transaction contemplated by this Contract
other than those fees required to be paid by Buyer under paragraph 4(b) above; and (iii) fees incurred by Seller in completing the
Residential Property and Owners' Association Disclosure Statement, and resale or other certificates related to a proposed sale of the
Property.
(k) Payment of Confirmed Special Assessments: Seller shall pay, in full at Settlement, all Confirmed Special Assessments
whether payable in a lump sum or future installments, provided that the amount thereof can be reasonably determined or estimated.
The payment of such estimated amount shall be the final payment between the Parties.
(1) Late Listing Penalties: All property tax late listing penalties, if any, shall be paid by Seller.
(m) Owners' Association Disclosure and Condominium Resale Statement Addendum (Standard Form 2AI2-T): If applicable
Seller shall provide the completed Owners' Association Disclosure and Condominium Resale Statement Addendum to Buyer on or
before the Effective Date.
(n) Seller's Failure to Comply or Breach: If Seller fails to materially comply with any of Seller's obligations under thi;
Paragraph 6 or Seller materially breaches this Contract, and Buyer elects to terminate this Contract as a result of such failure or
breach, then the Earnest Money Deposit and the Due Diligence Fee shall be refunded to Buyer and Seller shall reimburse to Buyer
the reasonable costs actually incurred by Buyer in connection with Buyer's Due Diligence without affecting any other remedies. If
legal proceedings are brought by Buyer against the Seller to recover the Earnest Money Deposit, the Due Diligence Fee and/or the
reasonable costs actually incurred by Buyer in connection with Buyer's Due Diligence, the prevailing party in the proceeding shall
be entitled to recover from the non -prevailing party reasonable attorney fees and court costs incurred in connection with the
proceeding.
7. PRORATIONS AND ADJUSTMENTS: Unless otherwise provided, the following items shall be prorated through the date of
Settlement and either adjusted between the parties or paid at Settlement:
(a) Taxes on Real Property: Ad valorem taxes and recurring governmental service fees levied with such taxes on real property
shall be prorated on a calendar year basis;
(b) Rents: Rents, if any, for the Property;
(c) Dues: Owners' association regular assessments (dues) and other like charges.
8. CONDITION OF PROPERTY AT CLOSING: Buyer's obligation to complete the transaction contemplated by this Contract
shall be contingent upon the Property being in substantially the same or better condition at Closing as on the date of this offer, reasonable
wear and tear excepted.
9. RISK OF LOSS: The risk of loss or damage by fire or other casualty prior to Closing shall be upon Seller. If the improvements or
the Property are destroyed or materially damaged prior to Closing, Buyer may terminate this Contract by written notice delivered to
Seller or Seller's agent and the Earnest Money Deposit and any Due Diligence Fee shall be refunded to Buyer. In the event Buyer does
nsc- Page 7 of 11
Buyer initials J Seller initials,&Wf,
Produced with zipForm®by zipLcgix 18070 Fifteen Mile Road. Fraser, Michigan 48026 www.zit)Looix.com
STANDARD FORM 12-1
Revised 7/201S
© 7/201S
7001 W Beach Dr

NOT elect to terminate this Contract, Buyer shall be entitled to receive, in addition to the Property, any of Seller's insurance proceeds
payable on account of the damage or destruction applicable to the Property being purchased. Seller is advised not to cancel existing
insurance on the Property until after confirming recordation of the deed.
10. DELAY IN SETTLEMENT/CLOSING: Absent agreement to the contrary in this Contract or any subsequent modificatior
thereto, if a party is unable to complete Settlement by the Settlement Date but intends to complete the transaction and is acting in good
faith and with reasonable diligence to proceed to Settlement ("Delaying Party"), and if the other party is ready, willing and able to
complete Settlement on the Settlement Date ("Non -Delaying Party") then the Delaying Party shall give as much notice as possible to the
Non -Delaying Party and closing attorney and shall be entitled to a delay in Settlement. If the parties fail to complete Settlement and
Closing within fourteen (14) days of the Settlement Date (including any amended Settlement Date agreed to in writing by the parties) or
to otherwise extend the Settlement Date by written agreement, then the Delaying Party shall be in breach and the Non -Delaying Party
may terminate this Contract and shall be entitled to enforce any remedies available to such party under this Contract for the breach,
11. POSSESSION: Unless otherwise provided herein, possession, including all means of access to the Property (keys, codes,
including security codes, gate openers, electronic devices, etc.) shall be delivered at Closing as defined in Paragraph 1(m). No alterations,
excavations, tree or vegetation removal or other such activities may be done before possession is delivered.
12. ADDENDA: CHECK ALL STANDARD ADDENDA THAT MAY BE A PART OF THIS CONTRACT, IF ANY, AND
ATTACH HERETO. ITEMIZE ALL OTHER ADDENDA TO THIS CONTRACT, IF ANY, AND ATTACH HERETO.
❑ Additional Provisions Addendum (Form 2A11-7) ❑ Owners' Association Disclosure And Addendum For Properties
❑ Additional Signatures Addendum (Form 3-7) Exempt from Residential Property Disclosure Statement (Form
❑ Back -Up Contract Addendum (Form 2A1-T) 2Al2-T)
❑ Contingent Sale Addendum (Form 2A2-T) ❑ Seller Financing Addendum (Form 2A5-1)
❑ Loan Assumption Addendum (Form 2A6-T) ❑ Short Sale Addendum (Form 2A14-T)
M Identify other attorney or party drafted addenda: Sever assessment to be paid by seller prior to or at
closing. Seller will give old survey to buyer.
1\V 1G: UINLJrtc INVKln UAKVLiNA LAW, REAL ESTATE BROKERS ARE NOT PERMITTED TO DRAFT ADDENDA TO
THIS CONTRACT.
13. ASSIGNMENTS: This Contract may not be assigned without the written consent of all parties except in connection with a tax -
deferred exchange, but if assigned by agreement, then this Contract shall be binding on the assignee and assignee's heirs and successors.
14. TAX -DEFERRED EXCHANGE: In the event Buyer or Seller desires to effect a tax -deferred exchange in connection with the
conveyance of the Property, Buyer and Seller agree to cooperate in effecting such exchange; provided, however, that the exchanging
party shall be responsible for all additional costs associated with such exchange, and provided further, that a non -exchanging party shall
not assume any additional liability with respect to such tax -deferred exchange. Buyer and Seller shall execute such additional documents,
including assignment of this Contract in connection therewith, at no cost to the non -exchanging party, as shall be required to give effect
to this provision.
15. PARTIES: This Contract shall be binding upon and shall inure to the benefit of Buyer and Seller and their respective heirs,
successors and assigns. As used herein, words in the singular include the plural and the masculine includes the feminine and neuter
genders, as appropriate.
16. SURVIVAL: If any provision herein contained which by its nature and effect is required to be observed, kept or performed after
the Closing, it shall survive the Closing and remain binding upon and for the benefit of the parties hereto until fully observed, kept or
performed.
17. ENTIRE AGREEMENT: This Contract contains the entire agreement of the parties and there are no representations,
inducements or other provisions other than those expressed herein. All changes, additions or deletions hereto must be in writing and
signed by all parties. Nothing contained herein shall alter any agreement between a REALTOR@ or broker and Seller or Buyer as
contained in any listing agreement, buyer agency agreement, or any other agency agreement between them.
18. CONDUCT OF TRANSACTION: The parties agree that any action between them relating to the transaction contemplated by
this Contract may be conducted by electronic means, including the signing of this Contract by one or more of them and any notice or
Page 8 of 11
vs STANDARD FORM 12-T
Buyer initials S Seller initials hin
Revised 7/20180 7/2018
Produced with ziPFOMM by zipLogix 1181370 Mean We Road, Freser, Michigan 48026 www.zlnLoQix.com 7001 W Beach Dr

. —Qlyn anvuwNv ru. 10A&V 1-UStf 5tl
communication given in connection with this Contract. Any written notice or communication may be transmitted to any mailing address,
e-mail address or fax number set forth in the "Notice Information" section below. Any notice or communication to be given to a party
herein, any any fee, deposit of other payment to be delivered to a party herein, may be given to the party or to such parry's agent. Seller
and Buyer agree that the "Notice Information" and "Acknowledgment of Receipt of Monies" sections below shall not constitute a
material part of this Contract, and that the addition or modification of any information therein shall not constitute a rejection of an offer
or the creation of a counteroffer.
19. EXECUTION: This Contract may be signed in multiple originals or counterparts, all of which together constitute one and tht
same instrument.
20. COMPUTATION OF DAYS/TIME OF DAY: Unless otherwise provided, for purposes of this Contract, the term "days" shal
mean consecutive calendar days, including Saturdays, Sundays, and holidays, whether federal, state, local or religious. For the purposes
of calculating days, the count of "days" shall begin on the day following the day upon which any act or notice as provided in this
Contract was required to be performed or made. Any reference to a date or time of day shall refer to the date and/or time of day in
the State of North Carolina.
THE NORTH CAROLINA ASSOCIATION OF REALTORSA INC. AND THE NORTH CAROLINA BAR ASSOCIATION MAKE
NO REPRESENTATION AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION OF THIS FORM IN ANY
SPECIFIC TRANSACTION. IF YOU DO NOT UNDERSTAND THIS FORM OR FEEL THAT IT DOES NOT PROVIDE FOR YOUR
LEGAL NEEDS, YOU SHOULD CONSULT A NORTH CAROLINA REAL ESTATE ATTORNEY BEFORE YOU SIGN IT.
This offer shall become a binding contract on the Effective Date. Unless specifically provided otherwise, Buyer's failure to timely deliver
any fee, deposit or other payment provided for herein shall not prevent this offer from becoming a binding contract, provided that any
such failure shall give Seller certain rights to terminate the contract as described herein or as otherwise permitted by law.
Date: 3-29-19 Date:
DocuSigned W. Buyer /vt�ibtd �tAtA,�VOtwl Seller
d4z��� We End.,,.Estates . LLr
co•rroo,rrztocr 6:� — � beiknis Michael
Date: Date:
Buyer
Entity Buyer:
West End Estates, LLC
By: rMg,alW/Corporation/Partnership/Trust/etc.)
4MAJAi 1tiaJ,V'ArM
284FF003F2C64F8...
Name: Mani Sundaram
Title: Member Manager
Date: 3-29-19
Seller
Denise Michael
Entity Seller:
(Name of LLC/Corporation/Part aership/Trust/etc.)
By:
Name:
Title:
Date:
Page 9 of 11
STANDARD FORM 12-T
Revised 7/2018
© 7/2018
Produced with npFonrilli) by zipLoglx IWO Fifteen Mile Road. Fraser. Michigan 48026 www.zlolaglx.cam 7001 w Beach Dr

.+. w-1jii a_uvawNo w. 0AUUL ruo=rao
WIRE FRAUD WARNING
TO BUYERS: BEFORE SENDING ANY WIRE, YOU SHOULD CALL THE CLOSING ATTORNEY'S OFFICE TO VERIFY THE
INSTRUCTIONS. IF YOU RECEIVE WIRING INSTRUCTIONS FOR A DIFFERENT BANK, BRANCH LOCATION, ACCOUNT
NAME OR ACCOUNT NUMBER, THEY SHOULD BE PRESUMED FRAUDULENT. DO NOT SEND ANY FUNDS AND
CONTACT THE CLOSING ATTORNEY'S OFFICE IMMEDIATELY.
TO SELLERS: IF YOUR PROCEEDS WILL BE WIRED, IT IS RECOMMENDED THAT YOU PROVIDE WIRING
INSTRUCTIONS AT CLOSING IN WRITING IN THE PRESENCE OF THE ATTORNEY. IF YOU ARE UNABLE TO ATTEND
CLOSING, YOU MAY BE REQUIRED TO SEND AN ORIGINAL NOTARIZED DIRECTIVE TO THE CLOSING ATTORNEY'S
OFFICE CONTAINING THE WIRING INSTRUCTIONS. THIS MAY BE SENT WITH THE DEED, LIEN WAIVER AND TAX
FORMS IF THOSE DOCUMENTS ARE BEING PREPARED FOR YOU BY THE CLOSING ATTORNEY. AT A MINIMUM, YOU
SHOULD CALL THE CLOSING ATTORNEY'S OFFICE TO PROVIDE THE WIRE INSTRUCTIONS. THE WIRE INSTRUCTIONS
SHOULD BE VERIFIED OVER THE TELEPHONE VIA A CALL TO YOU INITIATED BY THE CLOSING ATTORNEY'S OFFICE
TO ENSURE THAT THEY ARE NOT FROM A FRAUDULENT SOURCE.
WHETHER YOU ARE A BUYER OR A SELLER, YOU SHOULD CALL THE CLOSING ATTORNEY'S OFFICE AT A NUMBER
THAT IS INDEPENDENTLY OBTAINED. TO ENSURE THAT YOUR CONTACT IS LEGITIMATE, YOU SHOULD NOT RELY
ON A PHONE NUMBER IN AN EMAIL. FROM THE CLOSING ATTORNEY'S OFFICE, YOUR REAL ESTATE AGENT OR
ANYONE ELSE.
NOTICE INFORMATION
-VOTE: INSERT AT LEAST ONE ADDRESS AND/OR ELECTRONIC DELIVERY ADDRESS EACH PARTY AND AGENT
APPROVES FOR THE RECEIPT OF ANY NOTICE CONTEMPLATED BY THIS CONTRACT. INSERT "N/A" FOR ANY WHICH
ARE NOT APPROVED.
BUYER NOTICE ADDRESS:
Mailing Address: P. O• Box 5278, Cary, INC 27512
Buyer Fax#:
SELLER NOTICE ADDRESS:
Mailing Address: PO Box 1202, Oak Island, NC
28465-6862
Seller Fax#:
Buyer E-mail: Mani. sundraM@gi ail . cam Seller E-mail:
CONFIRMATION OF AGENCY/NOTICE ADDRESSES
Selling Firm Name: Better Beach Sales
Acting asZj Buyer's Agent[] Seller's (sub)Agent ❑Dual Agent
Firm License #: C15B76
Mailing Address: 8601 E Oak Isand Drive, Oak Isand,
NC 28465
Individual Selling Agent: Joan RMILTON
❑ Acting as a Designated Dual Agent (check only if applicable)
Selling Agent License #: 225370
Selling Agent Phone#: [phone]
Selling Agent Fax#: _(910) 278-8990
Listing Firm Name: Denise Pacula Realty
Acting as 0 Seller's Agent ❑ Dual Agent
Firm License #:
Mailing Address: 34 Augusta Drive, Oak Island, NC
28465
Individual Listing Agent: Denise Pacula
❑ Acting as a Designated Dual Agent (check only if applicable)
Listing Agent License #: 222661
Listing Agent Phone#: [phone]
Listing Agent Fax#:
Selling Agent E-mail: Johns&m [e-mail] Listing Agent E-mail: Pacularealtyegmaii.com
Page 10 of 1 I
Ds STANDARD FORM 12-T
Revised 7/2018
Buyer initials'S Seller initials t 07/2018
Producedwilh zipForm® by21pLogix 18070 Fdteen Mite Road Fraser, Michigan 411026 www2loLoalx.com 7001 W Beach Dr

MacPherson, Tara
From:
Goebel, Christine A
Sent:
Tuesday, October 8, 2019 3:29 PM
To:
MacPherson, Tara
Cc:
Davis, Braxton C
Subject:
RE: [External] 7001 W. Beach Dr. Oak Island
Hi Tara-
Yes- my advice is that the easement document between the town and the owners of lot 11 is sufficient proof of
ownership for the owner of lot 11 to be the CAMA permit applicant AS LONG AS the proposed development is all within
the 30' x 539.04' easement (shown on the map p. 4 of 4 attached to the easement you sent me also Map 33/85) or on
lot 11. If the proposed development is outside of those two parcels, then we would need to get the other owners
involved in the permit application.
Please let me know if you have any questions -
Christy
From: MacPherson, Tara
Sent: Monday, October 7, 2019 11:07 AM
To: Goebel, Christine A <[e-mail]>
Subject: FW: [External] 7001 W. Beach Dr. Oak Island
Morning, The email below is from Steve Edwards. There is an easement in the Inlet Hazard on the west end of Oak
Island for an access road. They want to build that road now and he is asking the question below. I attached the
documents he sent me in the beginning of this email chain. Could you take a look at this when you get a chance??
Thx!
Tara MacPherson
Field Specialist
NC Division of Coastal Management
Department of Environmental Quality
910 796-7425 office
910 395-3964 fax
tara.macphersonCa�mdenr.gov
127 Cardinal Drive Ext
Wilmington, NC 28405
!'--'Nothing Compares., _
Email correspondence to and from this address is subject to the
North Carolina Public Records Law and may be disclosed to third parties.

rom: Steve Edwards [mailto:[e-mail]]
gent: Friday, October 4, 2019 3:28 PM
.o: MacPherson, Tara <[e-mail]>
:c: Donna Coleman <[e-mail]>; David Kelly <[e-mail]>
subject: RE: [External] 7001 W. Beach Dr. Oak Island
'hanks Tara,
Ne have discussed with the contractor the needed design work for his proposed roadway. The lingering question is if
his needs to be a joint CAMA permit application with the Town and owner or does the access agreement enable the
)caner to apply individually? Also, was there not a recent interpretation/rule that stated linear infrastructures did not
lave to meet large structure setbacks?
-hanks again,
')teven Edwards
)evelopment Services Director
-own of Oak Island
1601 E. Oak Island
)ak Island, NC 28465
)ffice: [phone]
:ax: [phone]
=rom: MacPherson, Tara[mailto:tara.macphersongncdenr.gov]
;ent: Friday, October 04, 2019 1:18 PM
ro: Steve Edwards
'c: Donna Coleman; David Kelly
iubject: RE: [External] 7001 W. Beach Dr. Oak Island
ii Steve, I sent Donna an email earlier today. We need to know the square foot area of the entire proposed roadway
and see a footprint. Access roads are allowed in the Inlet Hazard and the erosion rate in that area is 2 ft. per year.
Sara MacPherson
=ield Specialist
4C Division of Coastal Management
)epartment of Environmental Quality
)10 796-7425 office

910 395-3964 fax
tara.macpherson(cD-ncdenr.gov
127 Cardinal Drive Ext
Wilmington, NC 28405
NC'.
-- ' Nothing Compares._
Email correspondence to and from this address is subject to the
North Carolina Public Records Law and may be disclosed to third parties.
From: Steve Edwards [mailto:[e-mail]]
Sent: Friday, October 4, 2019 9:16 AM
To: MacPherson, Tara <[e-mail]>
Cc: Donna Coleman <[e-mail]>; David Kelly <[e-mail]>
Subject: FW: [External] 7001 W. Beach Dr. Oak Island
Morning Tara,
Have you had a chance to gather more information on the access road to the west end lots. Just for historical info this
was a state road. I am not sure as to how or when it was closed/abandon, but it did loop the point. These lots have
been platted since 1953, see attached plat map. The developer of the point donated all the surrounding oceanfront
parcel at the point that had not been deeded. In 2005 the owners of lot 11 petitioned the Town of Oak Island for an
access easement after learning that they had been land locked. The Town of Oak Island granted the easement, see
attached.
Hope this helps.
Thanks,
Steven Edwards
Development Services Director
Town of Oak Island
4601 E. Oak Island
Oak Island, NC 28465
Office: [phone]
Fax: [phone]
From: Donna Coleman
Sent: Wednesday, October 02, 2019 4:31 PM
To: Steve Edwards
Subject: FW: [External] 7001 W. Beach Dr. Oak Island

YI
)onna F. Coleman, CFM
:AMA-LPO / Building Inspector
.own of Oak Island
910)201-8047
910)278-1811 fax
'ursuant to North Carolina General Statutes, Chapter 132, Public Records, this e-mail and any attachments, as well as any e-mail
iessages(s) that may be sent in response to it, may be considered public records and therefore are subject to public records requests
or review and copying.
rom: MacPherson, Tara [mailto:[e-mail]]
gent: Wednesday, October 02, 2019 4:00 PM
'o: Donna Coleman <[e-mail]>
.c: Garrett Isenhour <[e-mail]>
iubject: RE: [External] 7001 W. Beach Dr. Oak Island
cello,
Nell the current erosion rates and setback factors are still pending I believe so I need to check on that. We will need to
letermine the distance from the FLSNV. Access roads are allowed in the Inlet Hazard. I will check on the current setback
actors and get back to you.
'hanks,
ara
'ara MacPherson
_ield Specialist
dC Division of Coastal Management
)epartment of Environmental Quality
)10 796-7425 office
)10 395-3964 fax
ara.macpherson(a�_ncdenr.gov
27 Cardinal Drive Ext
Nilmington, NC 28405
e`^Nothing Compares,.,.
:mail correspondence to and from this address is subject to the
Vorth Carolina Public Records Law and may be disclosed to third parties.
:rom: Donna Coleman [mailto:[e-mail]]
;ent: Tuesday, October 1, 2019 9:33 AM
7o: MacPherson, Tara <[e-mail]>
:c: Garrett Isenhour<[e-mail]>
;ubject: [External] 7001 W. Beach Dr. Oak Island

Good Morning Tara,
At the end of W. Beach Dr. on Oak Island we have 3 lots that have been given an
egress/utility easement from the Town.
The easement is out of the OE but it is in the IH. Could you let Garrett Isenhour know what
type of permits are required to
place this access road (marel or gravel)for construction / utility easement. Then once
construction is complete a more permanent
road material such as concrete, pavement etc. I have copied him on this email for your
convenience.
Since the Town has granted the easement can he pull the permits (with a copy of the
easement agreement, which I have attached)
or does the Town need to be involved?
I know you are extremely busy but Garrett will be out of Town for 1 1/2 weeks starting
tomorrow, any information prior to tomorrow
Would be greatly appreciated.
Thanks!
Donna F. Coleman, CFM
CAMA-LPO / Building Inspector
Town of Oak Island
[phone]
[phone] fax
Pursuant to North Carolina General Statutes, Chapter 132, Public Records, this e-mail and any attachments, as well as any e-mail
messages(s) that may be sent in response to it, may be considered public records and therefore are subject to public records requests
for review and copying.

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Date
Date
Check From
Name of
Vendor
Check
Check
Permit
Rct
Received
Deposited
Permit Folder
Number
amount
Number/Comments
11/20/2019
Isenhour Homes,
West End Estates,
BB&T
5262
$100.00
minor fee, 7001 West Beach Dr,
Tmac
LLC
LLC
Oak Island BrCo
9087