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ADDENDUM <br />This Addendum is made and entered into by and between John <br />Henry Cate, Jr. (Seller) and the County of Orange, North Carolina <br />(Buyer) as a part of that Offer to Purchase and Contract <br />(Agreement) entered into by the parties of even date hereof. <br />1. Section 3 of the Agreement is hereby modified by changing <br />Subsection 3 ( f) (4 ) to Subsection 3 (f) (5 ) and adding a new <br />Subsection 3 (f) (4 ) as follows: <br />(4) In the event any environmental hazard is identified prior <br />to closing which requires clean -up pursuant to Subsection (3) <br />hereof, both parties shall have the right to terminate this <br />Agreement. <br />2. Section 4 of the Agreement is hereby modified by adding a <br />new Subsection (e) as follows: <br />(e) In the event environmental clean -up is required and the <br />parties do not terminate this Agreement, the clean -up costs and <br />environmental inspection costs will be applied as a credit to the <br />purchase price of the Property. Provided, however, the cost of the <br />Phase I and Phase II environmental assessments shall in any event <br />be paid by Buyer. <br />This thel day of May, 2001. <br />Seller Buyer: <br />Z&2!L4& /fr,&7J, (SEAL) County of Orpn ge, Nor h arolina <br />John enr Cate, J . <br />By: <br />Stephen H. Halkiotis, Chair <br />