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KENN0N <br /> William A Anderson,III <br /> Gwendolyn C Brooks pllc <br /> Joel Mcm% ATTORNEYS AT LAW <br /> G Rhodes Carver <br /> James R Earthom <br /> Brian M Ferrell <br /> William T Huurhins,Jr <br /> Benjamin B Ingeld <br /> Katherine L McKee <br /> Henry W Sappenfrrld <br /> Leigh P Vaned <br /> A William Kennon,Of Counsel <br /> November 27, 2013 <br /> John Roberts, Esquire <br /> Orange County Attorney <br /> P.O. Box 8181 <br /> Hillsborough,North Carolina 27278 <br /> RE: Engagement For Legal Services: Title Opinion&Related Legal Services <br /> Pertaining to For Grey,Culbreth Middle School Tract(PIN 977-79-9032) In <br /> Furtherance of approximately$10,000,000.00 Financing(the"Project") <br /> Dear John: <br /> I am pleased to assist the County with the preparation and delivery of the legal services described <br /> herein for the Project upon the following terms and conditions. If agreeable to the County,please <br /> have this letter of agreement countersigned as indicated below and return the same to my <br /> attention. <br /> Title Search & Title Insurance <br /> I will conduct a title search as described more fully in this letter on the Grey Culbreth Middle <br /> School tract. I will perform a title search of no less than 30 years on the parcel. Following the <br /> title searches described above, I will prepare a title opinion and procure a title insurance <br /> commitment from Investors Title Insurance Company in the final amount of the financing which <br /> is now estimated to be approximately $10,000,000.00. I will work with lender and lender's <br /> counsel to address and resolve any title issues discovered during the title search. The title <br /> commitment will secure issuance of both lender's coverage and owner's coverage in the amount <br /> stated above. <br /> Please be aware that matters of zoning and environmental hazards are not included in a <br /> standard title search; hence, if you require additional information from me concerning <br /> these issues, please so advise immediately. Zoning laws affect setback and use requirements to <br /> name a few. Environmental hazards include, but are not limited to, the existence of radon gas, <br /> lead-based paint,underground storage tanks and asbestos. <br /> 1 <br /> 4011 univrnity drive,suite 300,durham,ne 27707 •port office boy 51579,durham,nc27717-1579 <br /> TELEPHONE 9194900500 FAX9194900873 • www.kennoncraver.com <br />