EXHIBIT 10.2
Drafted by: Xxxxx X. Xxxxxxxx, Esquire
Xxxxxx Xxxxxxx Xxxxxxxxx & Xxxx, PLLC
Xxxx Xxxxxx Xxxxxx 00
Xxxxxxx-Xxxxx, XX 00000
NORTH CAROLINA )
) XXXX OF SALE
YADKIN COUNTY )
THIS XXXX OF SALE, made this 30th day of October, 2001, by X0
XXXXXXXXX XXXXXX - XXXXX XXXXXXXX, LLC., a Delaware limited liability company,
hereinafter "Seller", to BLUE RHINO CORPORATION, a Delaware corporation,
hereinafter "Buyer":
W I T N E S S E T H:
- - - - - - - - - -
The Seller, in consideration of One Dollar ($1.00) and other
valuable consideration, the receipt of which is hereby acknowledged, has
bargained and sold and by these presents does bargain, sell and convey unto the
Buyer, its successors and assigns, all its right, title and interest in that
certain personal property described in Exhibit "A" attached hereto and
incorporated herein by reference.
The Seller covenants that it is seized of said personal
property as defined in Exhibit "A" and has the right to convey the same; that
the same is free and clear of all encumbrances whatsoever; and that it will
warrant and defend the title thereto against the lawful claims of all persons
whomsoever.
IN TESTIMONY WHEREOF, the Seller has caused this Xxxx of Sale
to be executed the day and year first above written.
X0 XXXXXXXXX XXXXXX - XXXXX XXXXXXXX, LLC
By: /s/ Xxxxx Xxxxx
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Name: Xxxxx Xxxxx
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Title: President
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STATE OF NORTH CAROLINA )
)
COUNTY OF XXXXXX )
I, Xxxxxxx X. Xxxx, a Notary Public of the County and State
aforesaid, certify that Xxxxx Xxxxx, personally appeared before me this day and
acknowledged that s/he is the President of R4 TECHNICAL CENTER - NORTH CAROLINA,
LLC, a Delaware limited liability company, and that s/he, as President, being
authorized to do so, executed the foregoing in behalf of the limited liability
company.
WITNESS my hand and notarial seal or stamp, this 30th day of
October, 2001.
Notary Public: /s/ Xxxxxxx X. Xxxx
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My Commission Expires: November 26, 2001
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[NOTARIAL SEAL/STAMP]
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EXHIBIT "A"
Page 1
Any and all personal property, including but not limited to
all machinery and equipment currently owned by the Seller located upon that
certain real estate described on Page 2 of this Exhibit "A".
EXHIBIT "A"
Page 2
BEGINNING at an existing nail in the Intersection of the centerlines of Buck
Shoals Road (SR 1103) and Xxxxxxx Xxxx (XX 0000); thence with the centerline of
Buck Shoals Road the following three (3) calls: N 06 degrees 23' 17" W, 334.83
feet to a point; N 00 degrees 47' 46" W, 185.99 feet to a point; and N 03
degrees 40' 07" E, 395.86 feet to a new nail; thence with the southern boundary
of Lydall Atlantic, Inc. S 85 degrees 57' 32" E, 633.57 feet to an existing iron
pipe; thence continuing with the southern boundary of Lydall Atlantic, Inc. S 42
degrees 35' 09" E, 231.68 feet to a new iron pipe; thence a new line with
Xxxxxxx X. Xxxxxx, Xx. S 00 degrees 20' 28" W, 884.18 feet to a new nail in the
centerline of Xxxxxxx Xxxx (XX 0000); thence with the centerline of Burgiss Road
the following five (5) calls: N 50 degrees 49' 29" W, 66.94 feet to a point;
along a curve to the left having a radius of 331.10 feet, a chord bearing N 66
degrees 48' 28" W, and a chord distance 213.84 feet to a point; N 85 degrees 38'
52" W, 54.28 feet to a point; along a curve to the right having a radius of
1,848.46 feet, a chord bearing N 85 degrees 02' 34" W, and a chord distance
275.43 feet to a point; and N 80 degrees 46' 13" W, 194.54 feet to the point and
place of BEGINNING, containing 17.000 Acres more or less.
LESS AND EXCEPT the following described property:
BEGINNING at a nail in the centerline intersection of Xxxxxxx Road, N.C.S.R.
1112, (60' Right of Way) and Buck Shoals Road, N.C.S.R. 1103, (60' Right of
Way); thence along Buck Shoals Road, N 00(0) 54' 35" W, 913.89 feet to a nail in
the centerline of Buck Shoals Road; thence leaving said road, S 85o 57' 32" E,
619.57 feet to a point; thence S 40o 02' 28" W, 17.32 feet to a point
northeast of the existing water tank in the R4 Technical Center-North Carolina,
LLC property recorded in Deed Book 494, Page 0217, in the Yadkin County Register
of Deeds, THE POINT AND PLACE OF BEGINNING; thence from the point and place of
Beginning, S 04o 02' 28" W, 45.00 feet to a point; thence N 85o 57' 32" W,
30.00 feet to a point; thence N 04o 02' 28" E, 45.00 feet to a point; thence S
85o 57' 32" E, 30.00 feet to the point and place of Beginning. Containing 1350
square feet, and being that property that encloses the water tank and adjoining
building on the R4 Technical Center-North Carolina, LLC property, along with
access to the water tank through the existing driveway.
TOGETHER WITH the right for first right of refusal on the above described Less
and Excepted property.
