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BOOK OLv PscF 159 <br />Agreement shall constitute a waiver of any other breach of such provision or of any other <br />provision thereof. <br />17. Entire Agreement. This Agreement constitutes the entire agreement between the <br />parties as of the date hereof with respect to the subject matter hereof and cannot be amended or <br />terminated orally. All prior agreements, understandings, representations and statements, whether <br />oral or written, are merged into this Agreement. <br />18. Severability. The parties agree that if any provision of this Agreement, or portion <br />thereof, shall be adjudged by any court of competent jurisdiction to be invalid or unenforceable <br />for any reason, such determination shall be confined to the operation of the provision at issue and <br />shall not affect or invalidate any other provision of this Agreement, and such court shall be <br />empowered to substitute, to the extent enforceable, provisions similar thereto or other provisions <br />so as to provide to the fullest extent permitted by applicable law the benefits intended by such <br />provisions . <br />19. Section Headings. Section headings contained in this Agreement are included for <br />convenience only and do not define, limit or describe the scope or intent of this Agreement or in <br />any way affect this Agreement. <br />20. Applicable Law. This Agreement shall be construed in accordance with, and <br />governed by, the laws of the State of North Carolina. <br />21. Execution. The parties agree to execute all documents, instruments or further <br />assurances as may be necessary or required to effectuate and complete all transactions <br />contemplated by this Agreement. <br />22. Multiple Originals. This Agreement may be executed simultaneously in two or <br />more counterparts, each of which shall be deemed an original and it shall not be necessary to <br />make any proof of this Agreement to produce or account for more than one such counterpart. <br />23. Survival. Survival of the representations, warranties and indemnifications made <br />by any party to this Agreement shall survive the Agreement of the parties. The representations, <br />warranties and indemnifications hereunder shall not be affected or diminished by any <br />investigation at any time by or on behalf of the party for whose benefit the warranties and <br />representations were made. I-or purposes of this paragraph, the contract shall be construed as a <br />continuing contract so as to bind future boards to the extent permitted by law. <br />12/07/2004 10.40 MA 8 <br />