EX31-20 Dabbs Bros LLC

December 10, 2020

Dabbs Brothers, LLC
c/o Mr. Warren Dabbs
PO Box 2032
Wilmington, NC 28402

RE: EXEMPTED PROJECT SINGLE FAMILY RESIDENCES WITHIN THE ESTUARINE
SHORELINE AREA OF ENVIRONMENTAL CONCERN (15A NCAC 07K .0208).
PROJECT LOCATION/ADDRESS – 6 Sailview Drive, North Topsail Beach

Dear Mr. Dabbs,

I have reviewed the information you have submitted to our office concerning the necessary filing
of an application for a CAMA Minor Development Permit under the Coastal Area Management Act and
have determined that the activity you propose of a single family residence is exempt from needing a
CAMA Minor Development Permit as long as it remains consistent with your project drawing received by
the DCM on December 2, 2020, and it also meets the conditions specified below. If your plans should
change and your project will no longer meet these conditions, please contact me before proceeding.

SINGLE FAMILY RESIDENCES WITHIN THE ESTAURINE SHORELINE AREA OF
ENVIRONMENTAL CONCERN EXEMPTED

1. All development shall be located at least 40 feet landward of the normal high water level from
waters classified as Outstanding Resource Waters (ORW). No ground disturbance or land
disturbing activity shall occur within 40 feet of the normal high water level of waters classified as
ORW.
2. The development may not exceed a 25% built upon area within 575 feet of the normal high water
level of waters classified as ORW.
3. The development shall be consistent with all other applicable CAMA permit standards, North
Carolina Building Code standards, local ordinances and local land use plans in effect at the time
the exemption is granted.

EX31-20

5. This exemption does not allow for any fill or excavation within any wetlands or open water areas.
Any proposal to modify or alter the development plan as proposed will require additional
authorization from the Division of Coastal Management.

This exemption does not eliminate your requirements to obtain any other State, Federal or Local
authorization. Construction of the structure authorized by this exemption shall be completed by
December 31 of the third year of the issuance date of this exemption.

Sincerely,
Brad Connell
Brad Connell
Environmental Specialist II, DCM

cc: Roy Brownlow, DCM
Kate Winzler, NTB Permitting Specialist

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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 each
term.
(a) "Seller": Baird F Kilpatrick & Marlene 5
(b) "Buyer": Warren Dabbs managing member for Dabbs Brothers, 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 Manufactured
(Mobile) Home provision in the Additional Provisions Addendum (Standard Form 2A11-T) with this offer.
Street Address:6 Sailview Dr,
City: North Topsail Beach
Countv:Onslow . 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/Unit6 ,Block/Sectionit ,Subdivision/Condominium Cape island
as shown on Plat Book/Slide 36 at Page(s)053
The PIN/PID or other identification number of the Property is: 428705182078
Other description: L6 S2 Cape Island S/F 775C 36 Island Develop GRP
Some or all of the Property may be described in Deed Book 2120 at Page 5006
"Purchase Price":
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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 Escrow
Agent named in Paragraph 1(f) by ❑ cash ❑ personal check ❑ official bank check
❑ wire transfer, ❑ electronic transfer, EITHER ❑ with this offer OR ❑ within 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 or
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)
Page I of 12
113 This form jointly approved by: STANDARD FORM 12-1
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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 any
check or other funds paid by Buyer be dishonored, for any reason, by the institution upon which the payment is drawn, Buyer shall
have one (1) banking day after written notice to deliver cash, official bank check, wire transfer or electronic transfer to the payee. In
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 earnest
monies paid or required to be paid in connection with this transaction, collectively the "Earnest Money Deposit", shall be deposited
and held in escrow by Escrow Agent until Closing, at which time it will be credited to Buyer, or until this Contract is otherwise
terminated. In the event: (1) this offer is not accepted; or (2) a condition of any resulting contract is not satisfied, then the Earnest
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. In
the event of breach of this Contract by Buyer, the Earnest Money Deposit shall be paid to Seller. The payment of the Earnest Money
Deposit to Seller and the retention of any Due Diligence Fee by Seller (without regard to their respective amounts, including zero)
together shall serve as liquidated damages ("Liquidated Damages") and as Seller's sole and exclusive remedy for such breach, but
without limiting Seller's rights under Paragraphs 4(d) and 4(e) for damage to the Property. It is acknowledged by the parties that the
amount of the Liquidated Damages is compensatory and not punitive, such amount being a reasonable estimation of the actual loss
that Seller would incur as a result of a breach of this Contract by Buyer. The payment to Seller and/or retention by Seller of the
Liquidated Damages 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): Rizzo & Blackburn PLLC
Buyer and Seller consent to disclosure by the Escrow Agent of any material facts pertaining to the Earnest Money Deposit to the
parties to this transaction, their real estate agent(s) and Buyer's lender(s).
NOTE: In the event of a dispute between Seller and Buyer over the disposition of the Earnest Money Deposit held in escrow, a
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 of N.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, if
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, including
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 the
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 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.
0) "Due Diligence Period": The period beginning on the Effective Date and extending through 5:00 p.m. on 60 DAYS FROM
EFFECTIVE DATE TIME BEING OF THE ESSENCE.
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(k) "Settlement": The proper execution and delivery to the closing attorney of all documents necessary to complete the transaction
contemplated by this Contract, including the deed, settlement statement, deed of trust and other loan or conveyance documents, and
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 90 DAYS FROM EFFECTIVE DATE
(the "Settlement Date"), unless otherwise agreed in writing, at a time and place designated by Buyer.
NOTE: See paragraph 12, DELAY IN SETTLEMENT/CLOSING for conditions under which Settlement may be delayed.
(m) "Closing": The completion of the legal process which results in the transfer of title to the Property from Seller to Buyer, which
includes the following steps: (1) the Settlement (defined above); (2) the completion of a satisfactory title update to the Property
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
the closing attorney after Settlement. Upon Closing, the proceeds of sale shall be disbursed by the closing attorney in accordance
with the settlement statement and the provisions of Chapter 45A of the North Carolina General Statutes. If the title update should
reveal unexpected liens, encumbrances or other title defects, or if the closing attorney is not authorized to disburse all necessary
funds, then the Closing shall be suspended and the Settlement deemed delayed under Paragraph 9 (Delay in Settlement/Closing).
WARNING: The North Carolina State Bar has determined that the performance of most acts and services required for a closing
constitutes the practice of law and must be performed only by an attorney licensed to practice law in North Carolina. State law
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 Carolina Bar Association and the North Carolina Association of REALTORSO 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
of 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. Whether payable in a lump sum or future installments.
"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
j Seller's 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 DILIGENCE
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 Contractor North Carolina law.
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(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 consult
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 desired
tests, surveys, appraisals, investigations, examinations and inspections of the Property as Buyer deems appropriate, including but
NOT limited to the following:
(i) Soil And Environmental: Reports to determine whether the soil is suitable for Buyer's intended use and whether there is
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 is
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, storm water 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 street(s)/road(s) are public or private, (2) whether any
street(s)/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
(xi) Sale/Lease of Existing Property: As noted in paragraph 3(b), this Contract is not conditioned upon the sale/lease or
closing of other property owned by Buyer. Therefore, if Buyer must sell or lease other real property in order to qualify for
a new loan or to otherwise complete the purchase of the Property, Buyer should seek to close on Buyer's other property
prior to the end of the Due Diligence Period or be reasonably satisfied that closing on Buyer's other property will take place
prior to the Settlement Date of this Contract.
(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.
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(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 ® 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: ❑ Conventional ❑ Other: loan at a
❑ Fixed Rate ❑ Adjustable Rate in the principal amount of for a term of year(s), at
an initial interest rate not to exceed % 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 from
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 0 DOES NOT have to sell or lease other real property in order to qualify for a new loan or
to complete the purchase. (Complete the following only if Buyer DOES have to sell or lease other real property:)
Other Property Address:
❑ (Check if applicable) Buyer's other property IS under contract as of the date of this offer, and a copy of the contract has either
been previously provided to Seller or accompanies this offer. (Buyer may mark out any confidential information, such as the purchase
price and the buyer's identity, prior to providing a copy of the contract to Seller.) Failure to provide a copy of the contract shall not
prevent this offer from becoming a binding contract; however, SELLER IS STRONGLY ENCOURAGED TO OBTAIN AND
REVIEW THE CONTRACT ON BUYER'S PROPERTY PRIOR TO ACCEPTING THIS OFFER.
❑ (Check if applicable) Buyer's other property IS NOT under contract as of the date of this offer. Buyer's property (check only
ONE of the following options):
❑ is listed with and actively marketed by a licensed real estate broker.
❑ will be listed with and actively marketed by a licensed real estate broker.
❑ Buyer is attempting to sell/lease the Buyer's Property without the assistance of a licensed real estate broker.
NOTE: This Contract is NOT conditioned upon the sale/lease or closing of Buyer's other property. If the parties agree to make
this Contract conditioned on a sale/lease or closing of Buyer's other property, an appropriate contingency addendum should be
drafted by a North Carolina real estate attorney and added to this Contract.
(c) Performance of Buyer's Financial Obligations: To the best of Buyer's knowledge, there are no other circumstances or
conditions existing as of the date of this offer that would prohibit Buyer from performing 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;
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(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 agents) 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:
® 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
Special Assessments, identify:
❑ are ® are not any Proposed Special Assessments. If any Proposed
Seller warrants that there ❑ are ® are not any Confirmed Special Assessments: If any Confirmed Special Assessments, identify:
NOTE: 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 ❑ 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
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 ®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 ® Not Applicable) Seller warrants that a private drinking water well 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.
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,
attomy'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).
Page 6 of 12
A� STANDARD FORM 12-T
Buyer initials ,w =Seller initials 10„f /'4 Revised 7/2020
aaz pm EDT °nz pM aor 10'30'30 07/2020
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(c) Access to Property: Seller shall provide reasonable access to the Property 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. Seller's obligation includes providing existing utilities operating at Seller's cost including any connections and de -
winterizing. 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.
NOTE: See WARNING 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.
(t) 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 shall 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
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
does 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 Addendum
(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 local
conveyance fees required by law. The deed is to be made to: DABBS BROTHERS LLC
(i) Agreement to Pay Buyer Expenses: Seller shall pay at Settlement $o toward any of Buyer's
expenses associated with the purchase of the Property, at the discretion of Buyer and/or lender, if any, including any FHA/VA lender
and inspection costs that Buyer is not permitted to pay.
0) Owners' Association Fees/Charges: Seller shall pay: (i) any fees required for confirming Seller's account payment 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.
Page 7 of 12
�� STANDARD FORM 12-T
Buyer initials ip =Seller initials I r� ^ Revised 7/2020
Juoroop vex°:d 4:12 PMEDT�m vM EDT 07/2020
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(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 this 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 agreed, the following items shall be prorated, with Seller responsible
for the prorated amounts 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. RISK OF LOSS/CONDITION OF PROPERTY AT CLOSING: The risk of loss or damage by fire or other casualty prior to
Closing shall be upon Seller. Seller is advised not to cancel existing insurance on the Property until after confirming recordation of the
deed.
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. If the Property is not in substantially
the same or better condition at Closing as on the date of this offer, reasonable wear and tear excepted, Buyer may terminate this Contract
by written notice delivered to Seller and the Earnest Money Deposit shall be refunded to Buyer. If the Property is not in such condition
and Buyer does NOT elect to terminate this Contract, Buyer shall be entitled to receive, in addition to the Property, the proceeds of any
insurance claim filed by Seller on account of any damage or destruction to the Property.
9. DELAY IN SETTLEMENT/CLOSING: Absent agreement to the contrary in this Contract or any subsequent modification 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 Parry") 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.
10. 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
11. ADDENDA: CHECK ALL STANDARD ADDENDA THAT MAY BE A PART OF THIS CONTRACT, IF ANY, AND ATTACH
IEEL�
RETO. ITEMIZE ALL OTHER ADDENDA TO THIS CONTRACT, IF ANY, AND ATTACH HERETO.
113 PM EDT ® Additional Provisions Addendum (Form 2A11-T) ® Owners' Association Disclosure And Condominium Resale
dodoopvenred ❑ Additional Signatures Addendum (Form 3-T) Statement Addendum (Form 2AI2-T)
m ❑ Back -Up Contract Addendum (Form 2A1-T) ❑ Seller Financing Addendum (Form 2A5-T)
1a d ❑ Loan Assumption Addendum (Form 2A6-T) [I Short Sale Addendum (Form 2AI4-T)
Tr2
10:06 AM EDT
d°d°°pVedfiela Identify other attorney or party drafted addenda: COASTAL HAZARD ADDENOUM
NOTE: UNDER NORTH CAROLINA LAW, REAL ESTATE BROKERS ARE NOT PERMITTED TO DRAFT ADDENDA
TO THIS CONTRACT.
Page 8 of 12
STANDARD FORM 12-T
Buyer initials ,o eller initiatPMUELDT
Revised 7/2020
6:32 PM EDT © 7/2020
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12. 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.
13. 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.
14. 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.
15. 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.
16. 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.
17. 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
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 fee, deposit of other payment to be delivered to a party herein, may be given to the party or to such party's agent. Delivery
of any notice to a party via means of electronic transmission shall be deemed complete at such time as the sender performs the final act
to send such transmission, in a form capable of being processed by the receiving party's system, to any electronic address provided for
such party in the "Notice Information" section below. 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.
18. EXECUTION: This Contract may be signed in multiple originals or counterparts, all of which together constitute one and the same
instrument.
19. COMPUTATION OF DAYS/TIME OF DAY: Unless otherwise provided, for purposes of this Contract, the term "days" shall
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 actor 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.
[THIS SPACE INTENTIONALLY LEFT BLANK]
Page 9 of 12
STANDARD FORM 12-T
Buyer initials ,D0„20 eller initials Revised 7/2020
s a2, EDr grzD + u ©7/2020
tlotloop venfetl q:4 pM EDi ):01 PM EDT
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THE NORTH CAROLINA ASSOCIATION OF REALTORS®, 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:
Buyer
dotiooyy erred
Bu er:'!//�I 1 W3/206:32 PM EDT
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Entity Buyer:
Dabbs Brothers LLC
(Name of LLC/Corporation/Partnership/Trust/etc.)
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By: TBEDTD]
Name: Warren Dabbs managing member
Print Name
Title:
Date:
Date:
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Seller: ®6i GORPFAXPUMEDT
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Entity Seller:
(Name of LLC/Corporation/Partnership/Trust/etc.)
By:
Name:
Print Name
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.
Page 10 of 12
STANDARD FORM 12-T
Revised 7/2020
©7/2020

November 30, 2020
Bicoastal Properties
583 US Hwy 13 S
Goldsboro, NC 27530
Dear Adjacent Property Owner:
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This letter is to inform you that I, Warren Dabbs of Dabbs Brothers, LLC, have applied for a
CAMA Minor Permit as land owner for property at 6 Sailview Dr, North Topsail Beach, NC, in
Onslow County. As required by CAMA regulations, I have enclosed a copy of the permit
application and project drawing as notification of my proposed project. No action is required
from you or you may sign and return the enclosed no objection form. If you have any questions
or comments about the proposed project, please contact me at 910-279-7703, or by mail at the
address listed below. If you wish to file written comments or objections with the local
government CAMA Minor Permit Program, you may submit them to:
Morehead City DCM District Office
Brad Connell, Field Representative
400 Commerce Ave
Morehead City, NC 28557
[phone] ext 214
[e-mail]
Sincerely,
Warren Dabbs
DABBS BROTHES, LLC
PO Box 2032
Wilmington, NC 28402
PO Box 7277• Wilmington, NC 28406•office 910-620-0686• www.dabbsbrothers.com
Debby Brothers. LLC

November 30, 2020
Villa Capriani Unit Owners
c/o Priestley Management
6331 Oleander Dr
Wilmington, NC 28403
Dear Adjacent Property Owner:
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This letter is to inform you that I, Warren Dabbs of Dabbs Brothers, LLC, have applied for a
CAMA Minor Permit as land owner for property at 6 Sailview Dr, North Topsail Beach, NC, in
Onslow County. As required by CAMA regulations, I have enclosed a copy of the permit
application and project drawing as notification of my proposed project. No action is required
from you or you may sign and return the enclosed no objection form. If you have any questions
or comments about the proposed project, please contact me at 910-279-7703, or by mail at the
address listed below. If you wish to file written comments or objections with the local
government CAMA Minor Permit Program, you may submit them to:
Morehead City DCM District Office
Brad Connell, Field Representative
400 Commerce Ave
Morehead City, NC 28557
[phone] ext 214
[e-mail]
Sincerely,
Warren Dabbs
DABBS BROTHES, LLC
PO Box 2032
Wilmington, NC 28402
PO Box 7277°Wilmington, NC 28406•office 910-620-0686• www.dabbsbrothers.com

CERTIFIED 0 RECEIPT
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Ald ie, VA 20105-3074 %4 I P VA �D I O S
Dear Adjacent Property Owner:
This letter is to inform you that I, Warren Dabbs of Dabbs Brothers, LLC, have applied for a
CAMA Minor Permit as land owner for property at 6 Sailview Dr, North Topsail Beach, NC, in
Onslow County. As required by CAMA regulations, I have enclosed a copy of the permit
application and project drawing as notification of my proposed project. No action is required
from you or you may sign and return the enclosed no objection form. If you have any questions
or comments about the proposed project, please contact me at 910-279-7703, or by mail at the
address listed below. If you wish to file written comments or objections with the local
government CAMA Minor Permit Program, you may submit them to:
Morehead City DCM District Office
Brad Connell, Field Representative
400 Commerce Ave
Morehead City, NC 28557
[phone] ext 214
[e-mail]
Sincerely,
Warren Dabbs
DABBS BROTHES, LLC
PO Box 2032
Wilmington, NC 28402
PO Box 7277• Wilmington, NC 28406•office 910-620-0686• www,dabbsbrothers.com