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(b) This Agreement shall be governed by and construed in accordance with the laws <br />of the State of North Carolina, without, however, giving effect to any principle of conflicts of <br />law. <br />(c) The captions in this Agreement are inserted for convenience of reference only and <br />in no way define, describe or limit the scope or intent of this Agreement or any of the provisions <br />hereof. <br />(d) Any provision herein contained which by its nature and effect is required to be <br />observed, kept or performed after the Closing Date, shall survive the closing and remain binding <br />upon and for the benefit of the parties hereto, their heirs, personal representatives, successors or <br />assigns, until fully observed, kept or performed. <br />(e) This Agreement shall be binding and shall inure to the benefit of the parties <br />hereto and their respective beneficiaries, heirs, personal representatives, successors and <br />permitted assigns. <br />(f) As used in this Agreement, the masculine shall include the feminine and neuter, <br />and vice versa; the singular shall include the plural and the plural shall include the singular, as <br />the context may require. <br />(g) Any provision contained in this agreement which by its nature and effect, if <br />required to be observed, kept or performed after closing shall survive the closing and shall <br />remain binding upon and for the benefit of the parties hereto until fully observed, kept or <br />performed. <br />9. CLOSING: All parties agree to execute any and all documents and papers <br />necessary in connection with the closing and transfer of title to the Property on or before <br />February 28, 2007 in Hillsborough, North Carolina ("Closing Date"). <br />10. POSSESSION: Possession of the Property shall be delivered at closing. <br />8 <br />