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G <br />with copy to: Geoffrey E Gledhill <br />Coleman, Gledhill, Hargrave & Peek, P.C <br />129 E Tryon Sueet <br />P. O. Drawer 1529 <br />Hillsborough, North Carolina 27278 <br />Telecopy:919-7.32-7997 <br />and to: Robert M. Jessup <br />The Sanford Holshouser Law Firm, PLLC <br />One Exchange Plaza <br />219 Fayetteville Street, Suite 1000 <br />Raleigh, NC 27601 <br />Telecopy:919-829-0272 <br />If to Seller: The Shachtman, L L C <br />251 S. Elliott Road <br />Chapel Hill, NC 27514 <br />Attention: Dr. Richard Shachtman, Manager <br />Telecopy: 919-969-8700 <br />with copy to: <br />All notices and demands so given shall be effective upon the delivery, mailing or sending of the same to the party to <br />whom a notice or demand is given, if personally delivered or sent by telecopy, and within two (2) days or upon <br />receipt, whichever is earlier, if sent by express courier service or certified mail, return receipt requested. <br />m) Survival: Except as provided herein to the contrary, the warranties and representations contained <br />in this Agreement shall not survive the Closing. <br />n) Time is of the Essence. Time is of the essence as to the time for the giving of notices, for Closing, <br />and as to all other obligations of Buyer and Seller hereunder. <br />o) No Third-Party Beneficiary. The parties to this Agreement acknowledge and agree that the rights <br />and obligations contained herein are for the sole and express benefit of Buyer and Seller and that nothing herein <br />shall operate to create rights in or obligations to other persons or entities not party to this Agreement. <br />(the next page is the signature page) <br />aALErGrn454765e