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5 <br />Agreement from $300,000.00 to $328,500.00, as set forth in Section 2, below. Following Closing, Buyer will make <br />modifications to Che outside entrance area to dre "SportsPlex" shucture on the Property, which modifications will <br />cure the violation of Cbe ADA affecting the Property. <br />2. Paragraph 6(e) of the Agreement is amended by changing the amount that Seller agrees to pay <br />Buyer for use by Buyer in connection with repair and restoration of the Property from Tlrree Hundred Thousand <br />Dollars ($300,000.00) to Tluee Hundred Twenty-eight Thousand Five Hundred Dollars ($328,500.00).. <br />3 Seller has no further responsibility to Bnyer with respecC to the violation of the ADA affecting Ste <br />Property, <br />4 Paragraph 3 of the Agreement is rewritten to read as follows: <br />3 CLOSING AND CLOSING DATE: The consummation of the sale by Seller <br />and the purchase by Buyer of the Property (the "Closing") shall take place on or before December <br />2Q 2005 at the offices of either Maupin Taylor, P A in Raleigh, North Carolina or Coleman, <br />Gledhill, Hargrave & Peek, P C, Hillsborough, North Carolina, the Closing location to be selected <br />by Buyer. At Closing, title to the Property shall be delivered to Buyer. Buyer and Seller agree to <br />work diligently in good faith to close as early as possible following the satisfaction of the <br />financing and land use contingencies referred to in Sections 6(h), 6(j), 7(a)(v), 7(a)(vii) and <br />7(a)(viii) below. <br />5 Paragraph 6(j) of the Agreement is rewritten to read as follows: <br />j) Local Government Commission Annroval and Financing. Buyer and Seller <br />acknowledge that the financing to conclude the purchase of the Property is subject to the approval <br />of the North Carolina Local Government Commission (the "LGC Approval") and to the obtaining <br />of financing for the purchase on terms reasonably satisfactory to Buyer. If such financing and <br />LGC Approval are both not obtained by December 6, 2005, either Buyer or Seller may terminate <br />this Agreement by written notice to the other. <br />7 <br />RAL GIGt1417>9fi8 ? / <br />