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er has agreed to buy from Seller and <br />Contract of Purchase and Sale. The Buy <br />Z. r the property pursuant to the terms and conditions of the <br />the Seller has agreed to sell to the Bute , <br />Contract. sh record notice of the <br />orandum shall fiirni throu December 1, <br />stration of the Memorandum <br />g, Termination t mae of the egl em <br />Contract from the date an endment extending the term of this Memorandum' <br />shall automatically <br />2005. Unless Buyer and Seller exeeuC uaniity Registry, this Memorandum <br />and duly record it in the ~angmber 1, 2005. In the absence of ato December 1, 2005, <br />terminate at 11:59 p.nl• on Dece mays subsequent on this <br />extending the term of this Memorandum, any p~further inquiry, conclusively rely <br />disregard this Memorandum and, without making <br />termination provision. <br />o Contract Terms. Nothing contained herein is intended tCoobtra ~ <br />4, No Chan es t <br />as an ainen~ent to the terms or conditions of the underlying <br />shall be construed <br />between Buyer and Seller. <br />Law. 'This Memorandum shall be constnied in accordance with the <br />5, Controlling <br />laws of the State of North Carolina. <br />HEREOF, the parties hereto have caused this Memorandum to be <br />IN WITNESS <br />executed as of the date and year first above written. <br />SELLER: <br />RT HOLDINGS, LLC <br />Name' ~ ~ <br />Title: <br />BUYER: <br />ATTEST: <br />Donna S. Baker, Clerk to the <br />Orange County Board of <br />Commissioners <br />gpLEIGI-I~{58774_ 1 2' <br />ORANGE COUNTY, NORTH CAROLINA <br />