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9 <br />will by the Closing Date be fully complied with. <br />(e) Nay Misrepresentation. Seller shall not knowingly make any <br />misrepresentations to Buyer in connection with the condition of the Property <br />nor shall Seller conceal any material fact relevant to the condition of the <br />Property. <br />(f) True as of Closin~.Date. The representations and warranties contained in <br />subparagraphs (a) through (e) above shall be true and correct as ofthe Closing <br />Date. <br />7. SETTLEMENT CHARGES: Seller shall pay for the preparation of a deed <br />anfl for the revenue stamps required by law. Buyer shall pay for recording the deed and for <br />preparation and recording of all instruments required to secure the balance of the purchase <br />price. Buyer and Seller shall each pay its own legal fees related to the prepazation of this <br />Agreement and all documents required to settle the transaction contemplated hereby. <br />• $. NOTICES: Any notice required or permitted to be given under this <br />Agreement shall be in writing and shall be effective i) as of the date personally delivered, ii) <br />one business day after the date delivered to a nationally recognized overnight courier service, <br />delivery prepaid, or iii) at the time ofbeing sent by facsimile if delivery thereof is confirmed <br />by sender's receipt of a transmission report, generated by sender's facsimile machine, which <br />confirms that the facsimile was successfully transmitted in its entirety and provided the <br />facsimile was forwarded prior to 5:00 p.m. Eastern Standazd Time, and to the following <br />addresses or facsimile numbers: <br />(a) If to Seller: <br />Mr. Fred Stang <br />Triangle Community Foundation <br />100 Pazk Offices, Suite 209 <br />P. O. Box 12834 <br />Reseazch Triangle Pazk, NC 27709 <br />Fax: 919/990-906b <br />With a copy to: <br />Lisa Holland Powell, Esq. <br />King, Walker, Lambe & Powell, P.L.L.C. <br />3708 Mayfair Street, Suite 100 <br />Durham, NC 27707 <br />Fax: 919/493-2047 <br />3 <br />