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r <br />AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY <br />FOR 1020 US 70 WEST, HILLSBOROUGH, NC <br />BUYER - -- ORANGE COUNTY <br />SELLER -- -BETSY H. TILLEY. <br />Buyer and Seller desire to amend certain terms and conditions of the Agreement for Purchase <br />and Sale of Real Property ( "Agreement ") and to keep in effect all terms and conditions of the <br />Agreement not inconsistent with the terms and conditions set forth herein. <br />NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree <br />to the following modifications to the Agreement: <br />1. Earnest Money: $2,500 to be held in escrow from the Contract Date, refundable through <br />the mutually agreed Examination Period, and credited to purchase at closing. <br />2. Examination Period and Termination: Buyer and Seller acknowledge Buyer's right to <br />terminate the Aereement for any reason without fault, liability, or further obligation to Buyer <br />at any time during the Examination Period and receive full refund of the Earnest Money. <br />3. Site Control: Seller agrees not to market the Property through the Closing date and any <br />extensions thereof. <br />4. Any conflict of terms between the Agreement and any other exhibit or addendum <br />thereto and this Exhibit C shall be resolved with priority given to the terms in this Exhibit C, <br />which shall control. <br />S. Approvals: Closing is conditioned upon formal approval of both the Local Government <br />Commission of North Carolina and the Board of County Commissioners of Orange County. <br />Without such approvals Buyer shall not be obligated to Purchase the Property. To the extent <br />practical Buyer shall seek to obtain such approvals during the Examination Period. <br />6. Closing: Closing is conditional upon Buyer's simultaneous closing of the adjoining Mary <br />Hall Copeland tract, Pin No. 9864 -39 -2344. <br />36 <br />