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ARTICLE V <br />This Agreement and the undertakings described herein does not create any partnership or <br />joint venture between the Parties. <br />ARTICLE VI <br />Neither party shall sell or assign any interest in or obligation under this Agreement without <br />the prior express written consent of all the parties. <br />ARTICLE VII <br />7.01 Gover dnna Iaw. The parties intend that this Agreement shall be governed <br />by the law of the State of North Carolina. <br />7.02 Notices, <br />(a) Any communication required or permitted by this Agreement must be in <br />writing except as expressly provided otherwise in this Agreement. <br />(b) Any communication shall be sufficiently given and deemed given when <br />delivered by hand or five days after being mailed by first-class mail, postage prepaid, and addressed <br />as follows: <br />(1) If to Carolantic, to: <br />_�►I�:el. AI.L.. 2_ ZG o 7 <br />NPRALL782129.2-TSF-(EPEARSON) 900000-02216 <br />0J <br />