Orange County NC Website
Browse       Search
Agreement" shall be deemed to be the Agreement as amended by .this Amendment unless the <br />context requires otherwise. <br />3. Paragraph 2.01 of the Agreement is deleted in its entirety and replaced with the <br />following: <br />2.01 The purchase price (the "Purchase Price") for the Property shall be Six <br />Million Four Hundred Ninety-Three Thousand Five Hundred Sixty-Seven and No/100 <br />Dollars ($6,493,567.00) as shown on the attached EXHIBIT B less a credit in the <br />amount set .forth in Section 2.03 below, and as may be further adjusted as provided in this <br />Section and in SECTION 3, payable in immediately available funds to Seller at Closing. <br />4. Paragraph 2.02 of the Agreement is deleted in its entirety and replaced with the <br />following: <br />2.02 The Purchase Price shall be increased by such amount(s) as may be <br />necessary to compensate Seller for (a) any Building construction costs and/or expenses <br />not included in the Guaranteed Maximum Price (as hereinafter defined) that are <br />compensable pursuant to the Agreement For Construction Manager at Risk Services, as <br />amended ("the Construction Agreement"), by and between Seller and Purchaser, and (b) <br />any Building construction costs and/or expenses not included in the Building <br />Construction Budget that are incurred by Seller by reason of a change order or change <br />order directive issued by Purchaser. The Purchase Price purchases the Property and <br />includes (1) the construction of the shell of the Building, (2) the exterior improvements to <br />the Real Property and (3) the. Interior Upfit Allowance, which, among other things, make <br />up the "Guaranteed Maximum Price." <br />2 <br />