MEMORANDUM OF UNDERSTANDINGFebruary 10th, 2021
FiledFebruary 10th, 2021day of , 202_ (the “Effective Date”), by and between NEW HANOVER COUNTY, NORTH CAROLINA (“County”), and ZAC, LLC, a North Carolina limited liability company or an affiliate thereof ( “Developer” and together with the County, each a “Party” and together the “Parties”).