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M <br />b) Assignments. This agreement is not assignable by either party without the written <br />consent of the other. <br />C) Notices. All notices provided for in this agreement shall be in writing, addressed <br />to the respective county managers. <br />d) Governing Law. This agreement shall be construed under the provisions of the <br />law of the State of North Carolina. <br />e) Good Faith. The parties mutually agree to deal in good faith one with the other in <br />all respects in performing their duties under this Agreement. All actions <br />recommended and implemented in the Plan will require joint approval by both <br />Boards. <br />7. Entire Agreement. Except as otherwise provided in this Agreement, this Agreement contains <br />the entire agreement between the parties. Amendments, if any, shall be in writing and signed <br />by both parties. <br />8. Duration. This aA_greement shall be effective as of the above date and will expire June 30, <br />20194, unless terminated or extended as provided herein. Orange County and Durham <br />County will discuss, prior to January 1, 20194, whether either county intends to assume or <br />make other arrangements for operation of the Park upon the expiration of the term of this <br />Agreement, or whether Orange County and Durham County desires to continue a contractual <br />relationship for operation of the Park and upon what terms. In the event that this eA_greement <br />has not been terminated, renewed or amended prior to the expiration date listed above, it will <br />remain in effect until such time as both Boards have adopted a new agreement, but no longer <br />than a 12:-Month period. <br />9. — Termination. <br />a) This agreement shall be subject to annual review and may be terminated at the <br />end of the fiscal year upon one (1) year advance written notice by one party to the <br />other party. <br />b) Upon the expiration or termination of this Agreement, park amenities and the <br />costs associated therewith will be distributed as follows: <br />i) Real Property: The land shall continue to be owned as separate parcels with <br />Orange County owning the 136 acres located in Orange County and Durham <br />County owning the 255 acres located in Durham County. With respect to <br />additional land area(s) tfaEt{s)-acquired during the term of this Agreement <br />and any extensions thereof, the additional land tfaet(s}shall be owned in the <br />manner acquired. as provided for in Section I.V. of this Agreement. <br />ii) Costs of Improvements: The C-counties agree to share equally in the value of <br />the improvements made to the Park a4he Fespeeti ° r'^ �, including but <br />Page 7 of 10 <br />