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HomeMy WebLinkAbout20201937 Ver 3_Dead Tree Harris CE Final_20220607Page 1 of 17 Type: CONSOLIDATED REAL PROPERTY Recorded: 4/5/2022 2:47:20 PM Fee Amt: $716.00 Page 1 of 17 Revenue Tax: $682.00 EDGECOMBE COUNTY, NORTH CAROLINA Vila R. Anderson Register of Deeds This certifies that there are no delinquent actitrerlvAg tatp6s,(q The 1008 Edgecombe County Tax Collector is charge wit col ec ing, that are alien on: Pin No. 480586715300 Excise Tax $ 682.00 PREPARED BY: Manning, Fulton & Skinner, PA (Joseph B. Bass III) — WITHOUT TITLE EXAMINATION RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: Restoration Systems, LLC Attn: Mr. Barrett Jenkins 1101 Haynes St. Suite 211 Raleigh, NC 27604 PERMANENT CONSERVATION EASEMENT THIS PERMANENT CONSERVATION EASEMENT ("Conservation Easement") is made this 30th day of March , 2022, by and between Nancy Harris Craven and husband Thomas F. Craven, natural persons who are residents of the State of North Carolina, Macie Harris Kimball and husband Richard Kimball, natural persons who are residents of the State of South Carolina, and Melvin Read Harris and wife Sandy Harris, natural persons who are residents of the Commonwealth of Virginia (hereinafter collectively referred to as "Grantor") and Restoration Systems, LLC, a North Carolina limited liability company (hereinafter referred to as "Grantee"). The designation Grantor and Grantee as used herein shall include said parties, their heirs, successors, and assigns and shall include singular, plural, masculine, feminine, or neuter as required by context. RECITALS WHEREAS, Grantor owns in fee simple approximately forty-eight and seventy-one hundredths (48.71) acres of real property situated, lying, and being in Edgecombe County, North Carolina, more particularly described on Exhibit A attached hereto and incorporated herein (the "Property"), which such Property is located over and upon that certain larger tract of land owned in fee simple by Grantor and described on Exhibit B ("Grantor's Land"); Submitted electronically by "Manning Fulton & Skinner, P.A." in compliance with North Carolina statutes governing recordable documents and the terms of the submitter agreement with the Edgecombe County Register of Deeds. Page 2 of 17 WHEREAS, Grantee is a North Carolina limited liability company whose purpose is the conservation of property and who is qualified to be the grantee of a conservation easement under N.C, Gen. Stat.§ 121-35; WHEREAS, Grantor and Grantee recognize the conservation, scenic, natural, or aesthetic value of the Property in its natural state, which includes the following natural communities: unnamed tributaries, open field ditches, and the adjacent riparian resources and similar resources. The purpose of this Conservation Easement is to restore and maintain riparian resources, aquatic and ecological resources, and other natural values of the Property and to prevent the use or development of the Property for any purpose or in any manner that would conflict with the maintenance of the Property in its natural condition; and WHEREAS, the preservation of the Property is required by Grantee's Dead Tree Umbrella Nutrient Offset Banking Instrument in the Tar -Pamlico River Basin (the "NOBI") (NCDWR # 2020-1937v3 that was approved by the North Carolina Division of Water Resources ("NCDWR") on November 10, 2021. The NOBI is between Grantee, acting as the "Bank Sponsor", and NCDWR. The use of the Property in accordance with this Conservation Easement is to restore the Property to a natural vegetated condition as provided in and specified in the Dead Tree A and B Bank Parcel Development Packages (the "BPDP") which was approved by NCDWR on November 16 and November 10, 2021. The approval of the NOBI and the BPDP allow Grantee to establish the Dead Tree A and B Bank Parcels on the Property (the "Mitigation Bank"). The Mitigation Bank is intended to provide nutrient offsets for impacts permitted by NCDWR due to development (both existing and proposed) within restricted areas of the Tar -Pamlico River Basin. Grantor and Grantee agree that third -party rights of enforcement shall be held by NCDWR, to include any successor agencies, and that such rights are in addition to, and do not limit, the rights of Grantee to comply with its NOBI and its BPDP with the NCDWR. NOW, THEREFORE, for and in consideration of the covenants and representations contained herein and for other good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged, Grantor hereby unconditionally and irrevocably grants and conveys unto Grantee, its heirs, successors, and assigns, in perpetuity, a Conservation Easement of the nature and character and to the extent hereinafter set forth, over the Property described on Exhibit A, together with the right to preserve and protect the conservation values thereof and with a right of access, as follows: ARTICLE I. DURATION OF EASEMENT; AREA OF EASEMENT This Conservation Easement, including all appurtenant rights set forth herein, shall be perpetual. This Conservation Easement, including all appurtenant rights set forth herein, is an 3628119v2.3BB.26275.T29798 2 Page 3 of 17 easement in gross, runs with the land, and is enforceable by Grantee against Grantor, Grantor's personal representatives, heirs, successors and assigns, lessees, agents, and licensees. ARTICLE II. PROHIBITED AND RESTRICTED ACTIVITIES Any activity on, or use of, the Property inconsistent with the purpose of this Conservation Easement is prohibited. The Property shall be preserved in its natural condition and restricted from any development that would impair or interfere with the conservation values of the Property. Without limiting the generality of the foregoing, the following activities and uses are expressly prohibited, restricted, or reserved as indicated hereunder: A. Disturbance of Natural Features. Any change disturbance, alteration, or impairment of the natural features of the Property or any introduction of non-native plants or animal species is prohibited. B. Construction. There shall be no constructing or placing of any building, mobile home, asphalt or concrete pavement, billboard, or other advertising display, antenna, utility pole, tower, conduit, line, pier, landing, dock, or any other temporary or permanent structure or facility on or above the Property. C. Industrial, Commercial, and Residential Use. Industrial, residential, and commercial activities, including any right of passage for such purposes, are prohibited. D. Agricultural, Grazing, and Horticultural Use. Agricultural, grazing, animal husbandry, and horticultural use within the Property are prohibited. E. Vegetation. There shall be no removal, burning, destruction, harming, cutting, or mowing of trees, shrubs, or other vegetation in the Property, except as provided in the BPDP. Mowing of invasive and herbaceous vegetation for purposes of enhancing planted or volunteer trees and shrubs approved in the BPDP is allowable once a year for no more than five (5) consecutive years from the date on page 1 of this Property, except where mowing will negatively affect vegetation or disturb soils. Mowing activities shall only be performed by Grantee and shall not violate any part of Item L of Article II or extend beyond five (5) years from the date on page 1 of this Conservation Easement. F. Roads and Trails. There shall be no construction of roads, trails, or walkways on the Property nor enlargement or modification to existing roads, trails, or walkways. G. Signage. No signs shall be permitted on or over the Property, except the posting of no trespassing signs, signs identifying the conservation values of the Property, signs giving directions 3628119v2.113B.26275.T29798 3 Page 4 of 17 or proscribing rules and regulations for the use of the Property, or signs identifying Grantor as owner of the Property. H. Dumping or Storage. Dumping or storage of soil, trash, ashes, garbage, waste, abandoned vehicles, appliances, machinery, hazardous substances, or toxic or hazardous waste, or any placement of underground or aboveground storage tanks or other materials on the Property is prohibited. I. Excavation, Dredging, or Mineral Use. There shall be no grading, filling, excavation, dredging, mining, or drilling; no removal of topsoil, sand, gravel, rock, peat, minerals, or other materials; and no change in the topography of the land in any manner on the Property, except to restore natural topography or drainage patterns. J. Water Quality and Drainage Pattern. There shall be no diking, draining, dredging, channeling, filling, leveling, pumping, impounding, or related activities, or altering or tampering with water control structures or devices, or disruption or alteration of the restored, enhanced, or created drainage patterns. In addition, diverting or causing or permitting the diversion of surface or underground water into, within, or out of the Property by any means, removal of wetlands, polluting, or discharging into waters, springs, seeps, or wetlands, or use of pesticide or biocides is prohibited. K. Development Rights. No development rights that have been encumbered or extinguished by this Conservation Easement shall be transferred under a transferable development rights scheme or cluster development arrangement or otherwise. L. Vehicles. The operation of mechanized vehicles, including, but not limited to, motorcycles, dirt bikes, all -terrain vehicles, cars, and trucks is prohibited within the Property, other than for temporary or occasional access by Grantee, its employees, contractors, agents, successors, assigns, and NCDWR for purposes of constructing, maintaining, or monitoring the restoration of riparian areas within the Property. M. Other Prohibitions. Any other use of, or activity on, the Property which is or may become inconsistent with the purposes of this grant, the preservation of the Property substantially in its natural condition, or the protection of its environmental systems is prohibited. ARTICLE III. GRANTOR'S RESERVED RIGHTS Grantor expressly reserves for itself, its personal representatives, heirs, successors, and assigns, the right to continue the use of the Property for all purposes not inconsistent with this Conservation Easement, including, but not limited to, the right to quiet enjoyment of the Property, the rights of 3628119v2.713B.26275.T29798 4 Page 5 of 17 ingress and egress, the right to hunt, fish, and hike on the Property, the right to sell, transfer, gift, or otherwise convey the Property, in whole or in part, provided such sale, transfer, or gift conveyance is subject to the terms of, and specifically references, this Conservation Easement. Notwithstanding the foregoing restrictions set forth in Article II above and otherwise in this instrument, Grantee reserves for itself acting as the Bank Sponsor, its successors and assigns, the right to construct a Mitigation Bank and to perform activities related to the restoration of riparian areas within the Property in accordance with the approved NOBI and corresponding BPDP. ARTICLE IV. GRANTEE'S RIGHTS; ACCESS EASEMENT Grantee and its authorized representatives, employees, agents, successors, assigns, and NCDWR, shall have the right to enter the Property (including access over Grantor's Land) at all reasonable times for the purpose of inspecting said Property to determine if Grantor or its personal representatives, heirs, successors, or assigns are complying with the terms, conditions, restrictions, and purposes of this Conservation Easement. Grantee shall also have the right to enter and go upon the Property for purposes of making scientific or educational observations and studies and taking samples. The easement rights granted herein do not include public access rights. Accordingly Grantor hereby grants and conveys unto Grantee, its authorized representatives, employees, agents, successors, assigns, and NCDWR a perpetual, non-exclusive easement for ingress and egress over and upon Grantor's Land at all reasonable times and at the location more particularly described on Exhibit A ("Access Easement") attached hereto and incorporated herein by this reference, to access the Property for the purposes set forth herein. This grant of easement shall not vest any rights in the public and shall not be construed as a public dedication of the Access Easement. Grantor covenants, represents, and warrants that it is the sole owner of and is seized of Grantor's Land in fee simple and has the right to grant and convey this Access Easement. ARTICLE V. ENFORCEMENT AND REMEDIES A. To accomplish the purposes of this Conservation Easement, Grantee and the NCDWR are allowed to prevent any activity, on or use of, the Property that is inconsistent with the purposes of this Conservation Easement and to require the restoration of such areas or features of the Property that may be damaged by such activity or use. Upon any breach of the terms of this Conservation Easement by Grantor that comes to the attention of Grantee, Grantee shall notify Grantor in writing of such breach. Grantor shall have thirty (30) days after receipt of such notice to correct the conditions constituting such breach. If the breach remains uncured after thirty (30) days, Grantee may enforce this Conservation Easement by appropriate legal proceedings including 3628119v2JBB.26275.T29798 5 Page 6 of 17 claims for damages and injunctive and other legal and equitable relief. Notwithstanding the foregoing, Grantee reserves the immediate right, without notice, to obtain a temporary restraining order or injunctive or other appropriate relief if the breach of this Conservation Easement is or would irreversibly or otherwise materially impair the benefits to be derived from this Conservation Easement. Grantor and Grantee acknowledge that under such circumstances damage to Grantee would be irreparable and remedies at law will be inadequate. The rights and remedies of Grantee provided hereunder shall be in addition to, and not in lieu of, all other rights and remedies available to Grantee in connection with this Conservation Easement. The costs of a breach, correction, or restoration, including Grantees expenses, court costs, and reasonable attorneys' fees, shall be paid by Grantor, provided Grantor is determined to be responsible for the breach. NCDWR shall have the same right to enforce the terms and conditions of this Conservation Easement as Grantee. B. No failure on the part of Grantee to enforce any covenant or provision hereof shall discharge or invalidate such covenant or any other covenant, condition, or provision hereof or affect the right to Grantee to enforce the same in the event of a subsequent breach or default, C. Nothing contained in this Conservation Easement shall be construed to entitle Grantee to bring any action against Grantor for any injury or change in the Property resulting from causes beyond Grantor's control, including, without limitation, fire, flood, storm, war, acts of God or third parties, except Grantor's lessees, agents, contractors, or invitees; or from any prudent action taken in good faith by Grantor under emergency conditions to prevent, abate, or mitigate significant injury to life, damage to property, or harm to the Property resulting from such causes. ARTICLE VI. MISCELLANEOUS A. Warranty. Grantor warrants, covenants, and represents that it owns the Property in fee simple, that Grantor owns all interests in the Property which may be impaired by the granting of this Conservation Easement, and that there are no outstanding mortgages, tax liens, encumbrances, or other interests in the Property which have not been expressly subordinated to this Conservation Easement. Grantor also warrants that Grantee shall have the use and enjoyment of all the benefits derived from and arising out of this Conservation Easement and that Grantor will warrant and defend title to the Property against the claims of all persons whatsoever. B. Subsequent Transfers. Grantor agrees to incorporate the terms of this Conservation Easement in any deed or other legal instrument that transfers any interest in all or a portion of the Property. Grantor agrees to provide written notice of such transfer to Grantee at least thirty (30) days before the date of the transfer. Grantor and Grantee agree that the terms of this Conservation Easement shall survive any merger of the fee and easement interests in the Property or any portion thereof and shall not be amended, modified, or terminated without the prior written consent and 3628119v2.I3B.26275,T29798 6 Page 7 of 17 approval of NCDWR. C. Assignment. The parties recognize and agree that the benefits of this Conservation Easement are in gross and assignable; provided, however, that Grantee hereby covenants and agrees that, in the event it transfers or assigns this Conservation Easement, the organization receiving the interest will be a qualified holder under N.C. Gen. Stat. § 121-34, et seq. and § 170(h) of the Internal Revenue Code, and. Grantee also covenants and agrees that the terns of the transfer or assignment will be such that the transferee or assignee will be required to continue in perpetuity the conservation purposes described in this document. D. Entire Agreement and Severability. The combined NOBI with corresponding BPDP and this instrument set forth the entire agreement of the parties with respect to the Conservation Easement and supersedes prior discussions, negotiations, understandings, or agreements relating to the Conservation Easement. If any provision is found to be void or unenforceable by a court of competent jurisdiction, the remainder shall continue in full force and effect. E. Obligations of Ownership. Grantor is responsible for any real estate taxes, assessments, fees, or charges levied upon the Property. Grantor shall keep the Property free of any liens or other encumbrances for obligations incurred by Grantor except those incurred after the date hereof and which are expressly subject and subordinate to the Conservation Easement. Grantee shall not be responsible for any costs or liability of any kind related to the ownership, operation, insurance, upkeep, or maintenance of the Property, except as expressly provided herein. Nothing herein shall relieve Grantor of the obligation to comply with federal, state, or local laws, regulations, and permits that may apply to the exercise of Grantor's reserved rights set forth in Article III. P. Extinguishment. In the event that changed conditions render impossible the continued use of the Property for the conservation purposes, this Conservation Easement may only be extinguished, in whole or in part, by judicial proceeding. G. Eminent Domain. Whenever all or part of the Property is taken in the exercise of eminent domain so as to substantially abrogate the restrictions imposed by this Conservation Easement, Grantor and Grantee shall join in appropriate actions at the time of such taking to recover the full value of the taking, and all incidental and direct damages due to the taking. H. Eminent Domain Proceeds. This Conservation Easement constitutes a real property interest immediately vested in Grantee. In the event that all or a portion of this Property is sold, exchanged, or involuntarily converted following an extinguishment or the exercise of eminent domain, Grantee shall be entitled to the fair market value of this Conservation Easement. The parties stipulate that the fair market value of this Conservation Easement shall be determined by multiplying the fair market value of the Property unencumbered by this Conservation Easement (minus any increase in value after the date of this grant attributable to improvements) by the ratio 3628119v2.JBB.26275.1'29798 7 Page 8 of 17 of the value of this Conservation Easement at the time of this grant to the value of the Property (without deduction for the value of this Conservation Easement) at the time of this grant. The values at the time of this grant shall be the values used, or which would have been used, to calculate a deduction for federal income tax purposes, under Section 170(h) of the Internal Revenue Code (whether eligible or ineligible for such a deduction). Grantee shall use its share of the proceeds in a manner consistent with the purposes of this Conservation Easement. I. Notification. Any notice, request for approval, or other communication required under this Conservation Easement shall be sent by registered or certified mail, postage prepaid, to the following addresses (or such address as may be hereafter specified by notice in accordance with this Paragraph): To Grantor: C/O Mrs. Nancy Harris Craven 124 Berry Hill Drive Raleigh, NC 276I5 To Grantee: Restoration Systems, LLC 1101 Haynes Street Suite 211 Raleigh, NC 27604 Attn: Mr. Barrett Jenkins To NCDEQ -DWR: NCDEQ — Division of Water Resources 401 & Buffer Permitting Branch 1617 Mail Service Center Raleigh, NC 27699-1617 J. Failure of Grantee. If at any time Grantee is unable or fails to enforce this Conservation Easement, or if Grantee ceases to be a qualified grantee, and if within a reasonable period of time after the occurrence of one of these events Grantee fails to make an assignment in accordance with this Conservation Easement, then Grantee's interest shall become vested in another qualified grantee in accordance with an appropriate proceeding in a court of competent jurisdiction. K. Amendment. This Conservation Easement may be amended but only in a writing signed by all parties hereto and provided such amendment does not affect the qualification of this Conservation Easement or the status of Grantee under any applicable laws and provided such amendment is consistent with the conservation purposes of this grant. 36281 f 9v2.3BB.26275.T29798 Page 9 of 17 L. Present Condition of the Property. The wetlands, scenic, resource, environmental, and other natural characteristics of the Property, and its current use and state of improvement, are described in the BPDP, prepared by Grantee acting as the Bank Sponsor for the BPDP. The BPDP is acknowledged by Grantor to be complete and accurate as of the date hereof. Grantor has copies of the BPDP. The BPDP will be used by the parties to assure that any future changes in the use of the Property will be consistent with the terms of this Conservation Easement. However, the BPDP is not intended to preclude the use of other evidence to establish the present condition of the Property if there is a controversy over its use. TO HAVE AND TO HOLD the said rights and easements perpetually unto Grantee for the aforesaid purposes. [Remainder of page left intentionally blank; signatures follow. 3628119v2.JBB.26275.T29798 9 Page 10 of 17 IN TESTIMONY WHEREOF, Grantor has hereunto set its hand and seal, the day and year first above written. GRANTOR: Nancy Harris t4' aven Thomas F. Craven STATE OF C ,co\I COUNTY OF ( I,1114 certify that Nancy Han -is Craven and day and acknowledged that he or she [SEAL] , a Notary Public of the aforesaid County and State, Husband Thomas F. Craven personally came before me this signed the foregoing instrument. WITNESS my hand and official seal, this the 17 My Comm. r . 03-04-2023 ;=c) day of Mardi , 202.2. NOTARY PUBLIC My Commission Expires: /f/2 3628119v2,JBB.26275.T29798 10 Page 11 of 17 IN TESTIMONY WHEREOF, Grantor has hereunto set its hand and seal, the day and year first above written. GRANTOR: [SEAL] acie Harris Kimball,/ [SEAL] Richard Kimball 1,5 ee. t4.. etli [ a , a Notary Public of the aforesaid County and State, certify that Macie Harris Kimball and Husband Richard Kimball personally came before me this day and acknowledged that he or she signed the foregoing instrument. WITNESS my hand and official seal, this the 01 day o 1— to_. . :._ OTARY PUBLI My Commission Expires: 10 rc I b,D:a • 3628119v2.JBB,26275129798 11 Page 12 of 17 IN TESTIMONY WHEREOF, Grantor has hereunto set its hand and seal, the day and year first above written. GRANTOR: Cl�/d /417?-"\----[SEAL] Melvin Read Harris 6me � -, sS� [SEAL] Sandy Harris STATE/COMMONWEALTH OF COUNTY OF rc.n ► 1 ;, , a Notary Public of the aforesaid County and State, certify that Melvin Read'Harris and Wife Sandy Harris personally came before me this day and acknowledged that he or she signed the foregoing instrument. WITNESS my hand and official seal, this the 3 0 day of ,a,rch , 20 Z1- 1 JASON LEE COOPER NOTARY PUBLIC Commonwealth of Virginia Reg #7917640 My Commission Expires 10/ 31/ZC==5~ OTAIYAPULE My Commission Expires: icr / a i / 2G'g 3628119v2.7BB.26275.T29798 12 Page 13 of 17 THIS CONSERVATION EASEMENT AGREED AND ACCEPTED BY GRANTEE: Restoration Systems, LLC, a North Carolina limited Liability company By: r ,a- [SEAL] Name: Title:= �E.� " t� r-1 14 STATE OF NORTH CAROLINA COUNTY OF iInP I certify that the following person personally appeared before me this day, acknowledging to me that signed the foregoing document as the duly authorized signatory for Restoration Systems, LLC: WITNESS my hand and official seal, this 2 day ofMaY3h ,202Z NOTARY PUBLIC My Commission Expires: 2- 1 22220 3628 119v2.J13B.26275.T29798 13 Page 14 of 17 EXHIBIT A PROPERTY DESCRIPTION (CONSERVATION EASEMENT AREAS AND ACCESS EASEMENT DESCRIPTION) Conservation Easement Area 2 BEING ALL OF Conservation Easement Area 2 of the Dead Tree Site over a portion of the land of Craven, Kimball, and Harris (PIN No 4805867153) lying and being situated in No 6 Township, Edgecombe County, North Carolina and particularly described as follows (all distances are ground distances unless otherwise noted): Beginning at an iron stake (Point of Beginning) labeled as Point No. 51 and being located South 62°00'13" West 2527.10 feet from an iron pipe (Point No. 500) with N.C. Grid Coordinates N=857,401.9790, E=2,410,093.231 (NAD '83, 2011). Thence from the Point of Beginning (Point No. 51), South 42°35'23" East 64.17' to an iron stake; thence South 23°21'20" East 66.57' to an iron stake; thence South 07°18'36" East 66.55' to an iron stake; thence South 10°50'45" West 94.57' to an iron stake; thence South 38°25'32" West 182.27' to an iron stake; thence South 46'48'04" East 48.82' to an iron stake; thence North 62° 12'32" East 462.65' to an iron stake; thence North 63°08'49" East 385.47' to an iron stake; thence South 22°50'11" East 47.55' to an iron stake; thence South 29°44'42" East 223.95' to an iron stake; thence South 16°37'06" East 58.88' to an iron stake; thence South 08°12'41" West 69.29' to an iron stake; thence South 16°10'49" West 52.87' to an iron stake; thence South 62°53'22" West 336.88' to an iron stake; thence South 06°36'48" West 30.15' to an iron stake; thence South 72°04'19" East 232.65' to an iron stake; thence South 74°20'46" East 82.04' to an iron stake; thence South 70°34'33" East 349.77' to an iron stake; thence South 84°45'21" East 190.88' to an iron stake; thence South 24°01' 12" West 280.28' to an iron stake; thence South 27° 18'35" West 164.84' to an iron stake; thence North 83°18'52" West 91.44' to an iron stake; thence North 71'53'35" West 425.73' to an iron stake; thence North 75°00'38" West 149.74' to an iron stake; thence North 70° 17'3 8" West 191.79' to an iron stake; thence North 66°08'14" West 177.02' to an iron stake; thence North 72°24'04" West 246.90' to an iron stake; thence North 88°27'44" West 291.24' to an iron stake; thence North 75°30'47" West 93.69' to an iron stake; thence South 38°21'42" West 703.22' to an iron stake; thence North 78°05'35" West 239.01' to an iron stake; 3628119v2.313B.26275,T29798 Page 15 of 17 thence North 38°35'50" East 1739.30' to an iron stake; which is the point of beginning, having an area of 29.95 acres, more or Iess. Conservation Easement Area 3 BEING ALL OF Conservation Easement Area 3 of the Dead Tree Site over a portion of the land of Craven, Kimball, and Harris (PIN No 4805867153) lying and being situated in No 6 Township, Edgecombe County, North Carolina and particularly described as follows (all distances are ground distances unless otherwise noted): Beginning at an iron stake (Point of Beginning) labeled as Point No. 116 and being located South 17°42'22" West 1058.75 feet from an iron pipe (Point No. 500) with N.C. Grid Coordinates N=857,401.9790, E=2,410,093.231 (NAD '83, 2011). Thence from the Point of Beginning (Point No. 116), South 16°02'37" West 146.31' to an iron stake; thence South 18°21'06" West 122.69' to an iron stake; thence South 32°38'22" West 73.14' to an iron stake; thence South 42°49' 15" West 95.89' to an iron stake; thence North 54°54'29" West 190.73' to an iron stake; thence South 62°43'26" West 484.91' to an iron stake; thence South 62°53'22" West 315.53' to an iron stake; thence North 16°10'49" East 52.87' to an iron stake; thence North 08°12'41" East 69.29' to an iron stake; thence North 16°37'06" West 58.88' to an iron stake; thence North 29°44'42" West 223.95' to an iron stake; thence North 22°50'11" West 47.55' to an iron stake; thence North 62°58'25" East 627.38' to an iron stake; thence North 32°25'24" West 239.61' to an iron stake; thence North 54°09'42" West 88.30' to an iron stake; thence North 35° 11'01" West 80.66' to an iron stake; thence North 08°02'57" West 86.79' to an iron stake; thence North 12°44'31" East 88.55' to an iron stake; thence North 28°50'03" East 186.29' to an iron stake; thence North 34°53'30" East 89.66' to an iron stake; thence North 42°51'47" East 54.27' to an iron stake; thence North 64°04' 18" East 69.88' to an iron stake; thence North 80°44'00" East 66.84' to an iron stake; thence South 79° 17' 13" East 65.38' to an iron stake; thence South 63°35'06" East 59.32' to an iron stake; thence South 45°25'17" East 66.78' to an iron stake; thence South 28°54'33" East 53.15' to an iron stake; thence South 13°57'16" East 59.03' to an iron stake; thence South 03°44'46" West 58.46' to an iron stake; thence South 14°02'14" West 41.20' to an iron stake; thence South 29°31'34" West 90.18' to an iron stake; 3628119v2JB11.26275.T29798 Page 16 of 17 thence South 33°17'00" East 122.1 P to an iron stake; thence South 31°41'13" East 332.00' to an iron stake; thence South 54°30'48" East 194.99' to an iron stake; which is the point of beginning, having an area of 18.76 acres, more or less. BOTH OF THE FOREGOING CONSERVATION EASEMENT AREAS as shown on plat of survey titled "Conservation Easement for Restoration Systems, LLC, over a Portion of the Lands of Barnes per D.B. 1677, Pg. 546 (PIN: 4805-77-7202), and Also, Craven, Kimball & Harris per D.B. 1199 Pg. 287 (PIN: 4805-86-7153), and Also, Eureka Etheridge Farms, LLC per D.B. 1592, Pg. 804, Tracts 1, 2 & 3 (PIN(S): 4815-07-9630 & 4815-37-7393), No. 6 Township, Edgecombe County, North Carolina" dated February 5, 2022, by K2 Design Group, and recorded in Plat Cabinet 13, Pages 219 through 223, Edgecombe County Register of Deeds. AND SUCH CONSERVATION EASEMENT AREAS TOGETHER WITH those certain new non-exclusive access easements labeled as "Access Easement 2", "Access Easement 3", and "Access Easement 4", all for ingress, egress, and regress and all as shown and more particularly described on the foregoing described plat of survey recorded in Plat Cabinet 13, Pages 219 through 223, Edgecombe County Register of Deeds. 36281 l 9v2.1BB.26275.T29798 Page 17 of 17 EXHIBIT B GRANTOR'S LAND DESCRIPTION OVER WHICH THE PROPERTY (CONSERVATION EASEMENT) IS LOCATED Lying and being situate in Edgecombe County, NC, and being more particularly described as follows: That certain tract or parcel of land in No. 6 Township, Edgecombe County, North Carolina, situate on the North and South side of N.C. State Road 1423, near its intersection with N.C. Highway 44, bounded on the North by Tract No. 2 of the Etheridge Division, on the East by Tracts Nos. 4 and 6 of said Division, on the South by the land of Berry Pittman, Jr., and on the West by the land of Berry Pittman, Jr. and Tract No. 2 of said Division and being more particularly described as follows: BEGINNING at a point in the centerline of N.C. State Road 1423, which point is South 84 deg. 35 min. East 1110.1 feet, as measured along the center line of N.C. State Road 1423, if extended from its point of intersection with the center line of N.C. Highway 44, said beginning point also being a southeastern corner of Tract No. 2, thence along and with the line of Tract No. 2, also a wire fence and hedgerow North 42 deg. 55 min. East 3112.9 feet to a fence post, thence North 36 deg. 04 min. East 862.4 feet to an iron pipe in the center of a farm road, thence continuing with said fence and hedgerow North 37 deg. 01 min. East 631.7 feet to a fence post, thence North 35 deg. 28 min. East 234.5 feet to a 15 inch poplar, thence South 68 deg. 03 min. East 822.3 feet to an iron pipe in the center of a farm road also in the line of Tract No. 4, thence along with the center of said farm road and the line of Tract No. 4, South 4 deg. 22 min. West 100.0 feet, South 21 deg. 30 min. West 445.0 feet, South 19 deg. 26 min. West 539.8 feet to a point in the center of another farm road, thence continuing with said farm road South 21 deg. 18 min. West 703.9 feet, South 20 deg. 10 min. West 597.6 feet, South 32 deg. 02 min. West 100.0 feet, South 49 deg. 34 min. West 224.3 feet, South 28 deg. 21 min. West 1040.9 feet, South 34 deg. 26 min. West 250.0 feet, and South 23 deg. 48 min, West 613.2 feet to a point in the center of N.C. State Road 1423, said point also being a southwestern corner of Tract No. 4 and in the line of Tract No. 6, thence with the center of N.C. State Road 1423 and the line of Tract No. 6, North 58 deg. 36 min. West 231.5 feet, North 68 deg. 38 min. West 306.9 feet to a point in the center of said road, a corner of Tract No. 6, thence continuing with the line of Tract No. 6, along with a wire fence South 10 deg. 46 min. West 2212.5 feet to a fence post in the line of Berry Pittman, Jr., also another wire fence, thence along and with the line of Berry Pittman, Jr. and said other wire fence, North 84 deg. 45 ruin. West 1525.9 feet to a fence corner, the property line being along the wire fence, thence continuing with the line of Berry Pittman, Jr., and with a wire fence and hedgerow along a farm road North 9 deg. 16 min. East 1051.6 feet, North 9 deg. 36 main. East 700.0 feet, and North 10 deg. 33 min. East 874.3 feet to a point in the center of N.C. State Road 1423, said wire fence and hedgerow being the property line, thence North 84 deg. 35 min. West 18.0 feet to the point in the center of N.C. State Road 1423 at the beginning and being Tract No. 3 of the Etheridge Division, containing 241.84 acres including land within the right of way of N.C. State Road 1423 and being shown on map entitled "Plat Division of the `Eureka Farm' belonging to Heirs of Claude Etheridge, No. 6 Township, Edgecombe County, N.C., Scale 1" = 660', December 8, 1979", made by Cyril C. Waters, Registered Surveyor, Roanoke Rapids, N.C., to which map reference is hereby made. TOGETHER WITH the right of ingress and egress over the farm roads or paths abutting said Tract No. 3 as shown on said map of the "Eureka Faun" belonging to heirs of Claude Etheridge. 3628 a 19v2.JBB.26275.T29798