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l~ <br />~Ct~,T ~- <br />f <br />ADDENDUM TO CONTRACT <br />Exhibit A <br />The offer to purchase and contract between School House Rd. LLC. Including, Stepny Edwards, Anthony <br />Hughes and Robert Barrett licensed Real Estate Broker's in the state of North Carolina and/or Assigns <br />(Buyer) and Bonnie, Sandra, and Ollie McDade(Seller), offered is further subject to the following terms <br />and conditions: <br />1. Purchase price offered reflects the calculation of 3.04 acres located at School House Rd. <br />multiplied by $15,000.00 per gross surveyed acre. Seller agrees that Section 1 (g) "Purchase Price" is <br />subject to preparation of an accurate survey, at the buyer's expense, conducted by a North Carolina <br />licensed surveyor, and completed not later than the end of the "examination period" prior to closing. Seller <br />further agrees to modify the "Purchase Price" to reflect not more than $15,000.00 per "gross" surveyed <br />acre. <br />2. During the "examination/due diligence period", the Buyer may terminate this contract for any <br />reason; including but not limited to, federal, state, or municipal decisions involving preliminary <br />subdivision, transportation, and utility approvals have not met his development goals and overall intent <br />3. During the contract period, Seller agrees to diligently execute all applicable signatory <br />requirements regarding the Buyer's application for preliminary subdivision approval. Seller also agrees to <br />allow Buyer or buyer's agent(s) access to the property during the contract period for the expressive purpose <br />of conducting all surveys and studies. <br />4. Cemeteries. Etc. To the best knowledge of Seller, the Property has not been used at any time as a <br />sanitary landfill and there are no cemeteries, burial ground of historical site on the Property. <br />5. Seller warrants that of the date of contract acceptance, there are no current leases or any <br />agreements, recorded or non-recorded, that are still valid and enforceable regarding the property; said <br />warrant inclu ' bu of d to h esting. <br />(Buyer (Date) <br />Robert Barrett <br />(Buyer) ., <br />Ste y Edwards <br />(Seller <br />nnie McDade <br />(Seller) ~`~r~~ <br />Sa dra McDade h <br />(Seller) uL~~ ~~`~ <br />Ollie McDade <br />(Date) ~ /'~~ <br />(Date) ~ ~ Q <br />(Date) J a~! <br />(Date) *5 ~ !~ <br />