SWA000208_Development Agreement_20230525

`'f' i LIMITED LIABILITY COMPANY ANNUAL REPORT
I/6/2022
NAME OF LIMITED LIABILITY COMPANY: Yggdrasil, LLC
SECRETARY OF STATE ID NUMBER: 2230195 STATE OF FORMATION: NC
REPORT FOR THE CALENDAR YEAR: 2021 AMENDING DOC ID
SECTION A: REGISTERED AGENT'S INFORMATION
E - Filed Annual Report
2230195
CA202207401277
3/15/2022 09:49
Changes
1. NAME OF REGISTERED AGENT: Dillon -Stout, Nicholas J
2. SIGNATURE OF THE NEW REGISTERED AGENT:
SIGNATURE CONSTITUTES CONSENT TO THE APPOINTMENT
3. REGISTERED AGENT OFFICE STREET ADDRESS & COUNTY 4. REGISTERED AGENT OFFICE MAILING ADDRESS
2022 Independence Commerce Drive 2022 Independence Commerce Drive
Matthews, NC 28105-4169 Union County Matthews, NC 28105-4169
SECTION B: PRINCIPAL OFFICE INFORMATION
1. DESCRIPTION OF NATURE OF BUSINESS: Real estate holding, investing, leasing
2. PRINCIPAL OFFICE PHONE NUMBER: [phone] 3. PRINCIPAL OFFICE EMAIL: Privacy Redaction
4. PRINCIPAL OFFICE STREET ADDRESS
5. PRINCIPAL OFFICE MAILING ADDRESS
2022 Independence Commerce Drive 2022 Independence Commerce Drive
Matthews, NC 28105-4169 Matthews, NC 28105-4169
6. Select one of the following If applicable. (Optional see Instructions)
❑ The company is a veteran -owned small business
❑ The company is a service -disabled veteran -owned small business
SECTION C: COMPANY OFFICIALS (Enter additional company officials in Section E.)
NAME: Nicholas J Dillon -Stout NAME:
TITLE: Manager TITLE:
ADDRESS: ADDRESS:
6630 Summerlin Place
Charlotte, NC 28226
NAME:
TITLE:
ADDRESS:
SECTION D: CERTIFICATION OF ANNUAL REPORT. Section D must be completed in its entirety by a person/business entity.
Nicholas J Dillon -Stout
SIGNATURE
Form must be signed by a Company Official listed under Section C of This form.
Nicholas J Dillon -Stout
3/15/2022
Manager
DATE
Print or Type Name of Company Official Print or Type Title of Company Official
This Annual Report has been filed electronically.
MAIL TO: Secretary of State, Business Registration Division, Post Office Box 29525, Raleigh, NC 27626-0525

0 LIMITED LIABILITY COMPANY ANNUAL REPORT
1/6/2022
NAME OF LIMITED LIABILITY COMPANY: Asbru, LLC
SECRETARY OF STATE ID NUMBER: 2280801 STATE OF FORMATION: NC
REPORT FOR THE CALENDAR YEAR: 2023
SECTION A: REGISTERED AGENT'S INFORMATION
1. NAME OF REGISTERED AGENT: Kelly, Olga V
2. SIGNATURE OF THE NEW REGISTERED AGENT:
E - Filed Annual Report
2280801
CA202310203700
4/12/2023 11:32
Changes
SIGNATURE CONSTITUTES CONSENT TO THE APPOINTMENT
3. REGISTERED AGENT OFFICE STREET ADDRESS 8r COUNTY 4. REGISTERED AGENT OFFICE MAILING ADDRESS
5009 Partridge Lane 5009 Partridge Lane
Matthews, NC 28104-5412 Union County Matthews, NC 28104-5412
SECTION B: PRINCIPAL OFFICE INFORMATION
1. DESCRIPTION OF NATURE OF BUSINESS: Real estate holding, investing, leasing
2. PRINCIPAL OFFICE PHONE NUMBER: [phone] 3. PRINCIPAL OFFICE EMAIL: Privacy Redaction
4. PRINCIPAL OFFICE STREET ADDRESS
S. PRINCIPAL OFFICE MAILING ADDRESS
12138 Stallings Commerce Drive 2022 Independence Commerce Drive
Matthews, NC 28105-5098 Matthews, NC 28105-4169
6. Select one of the following If applicable. (Optional see Instructions)
❑ The company is a veteran -owned small business
❑ The company is a service -disabled veteran -owned small business
SECTION C: COMPANY OFFICIALS (Enter additional company officials in Section E.)
NAME: ,John J Stout
NAME:
TITLE: Authorized Signatory TITLE:
ADDRESS:
2022 Independence Commerce Drive
ADDRESS:
NAME:
TITLE:
ADDRESS:
Matthews, NC 28105-4169
SECTION D: CERTIFICATION OF ANNUAL REPORT. Section D must be completed in Its entirety by a person/business entity.
John J Stout
SIGNATURE
Form must be signed by a Company Official listed under Section C of This form.
John J Stout
Print or Type Name of Company Official
4/12/2023
DATE
Authorized Signatory
Print or Type Title of Company Official
This Annual Report has been filed electronically.
MAIL TO: Secretary of State, Business Registration Division, Post Office Box 29525, Raleigh, NC 27626-0525

DEVELOPMENT AGREEMENT
between
YGGDRASIL, LLC
and
ASBRU, LLC
WHEREAS, by General Warranty Deed filed in Mecklenburg County on
January 4, 2022 and filed in Union County on January 5, 2022, Yggdrasil, LLC
("Yggdrasil") received from Charles Roger Martin all right, title and interest in and to real
property consisting of four (4) adjacent tax parcels of land, straddling the common boundary
line of Mecklenburg County and Union County, as follows: (1) approximately 0.53 acres,
located in the City/Town of Matthews, County of Mecklenburg, State of North Carolina,
having Mecklenburg Co. Tax PIN 21509410, (2) approximately 0.72 acres, located in the
City/Town of Matthews, County of Mecklenburg, State of North Carolina, having
Mecklenburg Co. Tax PIN 21509411, (3) approximately 0.761 acres, located in the County
of Union, State of North Carolina, having Union Co. Tax PIN 07099011, and (4)
approximately 0.957 acres, located in the County of Union, State of North Carolina, having
Union Co. Tax PIN 07099011A (the "YaLrdrasil Property");
WHEREAS, by General Warranty Deed filed in Union County on January 4, 2022,
Asbru, LLC ("Asbru") received from Plantation Carolina, L.L.L.P. all right, title and
interest in and to real property consisting of approximately 0.525 acres, located on Stallings
Commerce Drive, in the County of Union, State of North Carolina, having Union Co. Tax
PIN 07102033E (the "Asbru Property');
WHEREAS, Yggdrasil is leading the development of "The Plant Guys" project (the
"Project") which currently consists of the five above -referenced tax parcels, the most recent
design for which appears on that certain "Site Plan" made by The Isaacs Group dated
7/11/2022;
WHEREAS, The Isaacs Group has been engaged for civil design and coordination of
permitting for site work, including stormwater permitting;
WHEREAS, Asbru agreed to cooperate with Yggdrasil in advancing the Project,
provided that reasonable progress is being made and permits / approvals are likely to be
obtained prior to January 1, 2024;
WHEREAS, the parties acknowledge and recognize that it is critical to Asbru's
objectives that a driveway permit be obtained from the Asbru Property onto Stallings
Commerce Drive that grants vehicular access from the Asbru Property directly onto
Stallings Commerce Drive, and if such vehicular access is not permitted as part of the
Project, then Asbru would have the right to withdraw from this Development Agreement
without further obligation or liability;
WHEREAS, the parties acknowledge and recognize that it is critical to Yggdrasil's
objectives that a driveway permit be obtained from the Yggdrasil Property onto
Independence Commerce Drive that grants vehicular access from the Yggdrasil Property

directly onto Independence Commerce Drive, and if such vehicular access is not permitted
as part of the Project, then Yggdrasil would have the right to withdraw from this
Development Agreement without further obligation or liability;
NOW THEREFORE, in consideration of the mutual covenants and agreements
contained herein, and other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties hereto agree as follows:
1. Asbru, LLC expressly acknowledges and agrees that Yggdrasil, LLC has the legal
right to submit a stormwater permit application within the proposed project area, including
(but not limited to) a "State Stormwater Fast Track Process: "Authorization to Construct"
(ATC) Permit Application Form" to NC DEQ Division of Energy, Mineral and Land
Resources, including all amendments and modifications thereto as may from time to time
be deemed advisable by The Isaacs Group and Yggdrasil, LLC.
2. Yggdrasil, LLC shall use its commercially reasonable best efforts to accomplish the
purposes and objectives of the Project and this Development Agreement in a timely manner.
3. If, notwithstanding Yggdrasil, LLC's efforts, the approvals and permitting for the
Project appear unlikely to be obtained before January 1, 2024, then Yggdrasil, LLC shall
inform Asbru, LLC by not later than November 30, 2023.
4. If approvals and permitting for the Project (including driveway permits for both the
Yggdrasil Property onto Independence Commerce Drive, as well as for the Asbru Property
onto Stallings Commerce Drive) are not in fact obtained prior to January 1, 2024, and if the
parties do not enter into an amendment to this Development Agreement to extend or
otherwise revise the terms of this Development Agreement, then on and after
January 1, 2024 Asbru, LLC shall be free to pursue its own independent objectives for the
Asbru Property without regard to the needs or objectives of the Project or Yggdrasil, LLC
without further obligation or liability, and Yggdrasil, LLC shall be free to pursue its own
independent objectives for the Yggdrasil Property without regard to the needs or objectives
of the Project or Asbru, LLC without further obligation or liability.
Asbru, LLC, Yggdrasil, LLC
a North Carolina limited liability company a North Carolina limited liability company
IM
John J. Stout, Authorized Signatory
Date: April 12, 2023
24�`
By: ioreVITout (Apr 12, 2023 08:08 HST)
Nicholas Dillon -Stout, Manager
Date: April 12, 2023

DEVELOPMENT AGREEMENT Yggdrasil and
Asbru April 12 2023
Final Audit Report
Created: 2023-04-12
By: John Stout [e-mail])
Status: Signed
Transaction ID: CBJCHBCAABAAIFDA_3yJxi9wHc6AowgBglRxVbml3LgC
2023-04-12
"DEVELOPMENT AGREEMENT Yggdrasil and Asbru April 12 2
023" History
Document created by John Stout [e-mail])
2023-04-12 - 5:51:46 PM GMT- IP address: 71.75.203.111
P,+ Document emailed to Nick Dillon -Stout ([e-mail]) for signature
2023-04-12 - 5:55:27 PM GMT
Email viewed by Nick Dillon -Stout ([e-mail])
2023-04-12 - 6:08:08 PM GMT- IP address: 74.125.209.57
dQ Document e-signed by Nick Dillon -Stout ([e-mail])
Signature Date: 2023-04-12 - 6:08:47 PM GMT - Time Source: server- IP address: 174.202.5.119
1 + Document emailed to John Stout [e-mail]) for signature
2023-04-12 - 6:08:48 PM GMT
Email viewed by John Stout [e-mail])
2023-04-12 - 6:20:19 PM GMT- IP address: 71.75.203.111
do Document e-signed by John Stout [e-mail])
Signature Date: 2023-04-12 - 6:20:38 PM GMT - Time Source: server- IP address: 71.75.203.111
0 Agreement completed.
2023-04-12 - 6:20:38 PM GMT
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