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DocuSign Envelope ID:D7761FC7-83D0-409C-910D-CEF50900F346 (b) This Contract shall inure to the benefit of,and be binding upon the parties hereto, their heirs, successors, administrators, executors and assigns. Purchaser may assign this Contract prior to Closing without the prior written consent of Seller. (c) This Contract constitutes the sole and entire agreement between the parties hereto, and no modification of this Contract shall be binding unless signed by all parties to this Contract. (d) This Contract may be executed in separate counterparts. It shall be fully executed when each party whose signature is required has signed at least one counterpart even though no one counterpart contains the signatures of all of the parties. (e) The"date hereof'or"date of this Contract"wherever used herein shall mean the Effective Date. (f) This Contract is intended to be performed in accordance with and only to the extent permitted by all applicable laws,ordinances, rules and regulations. If any provision of this Contract or the application thereof to any person or circumstance shall for any reason and to the extent be invalid or unenforceable, the remainder of this Contract and the application of such provision to other persons or circumstances shall not be affected thereby but rather shall be enforced to the greatest extent permitted by law. This Contract shall be governed by and construed in accordance with the laws of the State of North Carolina. (g) This Contract represents the entire agreement and understanding between the parties relating to the subject matter hereof and supersedes all prior agreements, oral or written, between the parties,if any,relating to the subject matter. Except as set'forth in the Contract,neither Seller nor Purchaser has made any representations or warranties to the other party. (h) This Contract represents the result of negotiations between Seller and Purchaser, neither of whom has acted under duress or compulsion and each of whom has had the opportunity to consult with counsel of its own choice. Consequently,the provisions hereof shall be interpreted and construed in accordance with their usual and customary meanings, and all parties waive any rule that any ambiguous or conflicting provisions be construed against the party who caused tiffs Contract to be drafted. et 17. AS IS.WHERE IS. PURCHASER ACKNOWLEDGES AND AGREES THAT(A) THE PROPERTY SHALL BE SOLD,AND PURCHASER SHALL ACCEPT POSSESSION OF THE PROPERTY ON THE CLOSING DATE,"AS IS,WHERE IS,WITH ALL FAULTS",WITH NO RIGHT OF SETOFF OR REDUCTION IN THE PURCHASE PRICE EXCEPT AS SET FORTH IN SECTION 5; (B)EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES SET FORTH IN SECTION 13 AND FOR THE SPECIAL WARRANTY OF TITLE IN THE DEED,NEITHER SELLER NOR THE SELLER RELATED PARTIES(AS DEFINED BELOW) HAVE OR SHALL BE DEEMED TO HAVE MADE ANY VERBAL OR WRITTEN REPRESENTATIONS OR WARRANTIES(WHETHER EXPRESS,IMPLIED,STATUTORY OR OTHERWISE)TO PURCHASER WITH RESPECT TO THE PROPERTY,ANY MATTER SET FORTH, CONTAINED OR ADDRESSED IN ANY DOCUMENTS OR MATERIALS REGARDING THE PROPERTY DELIVERED TO OR OBTAINED BY PURCHASER (INCLUDING THE ACCURACY AND COMPLETENESS THEREOF)OR THE RESULTS OF THE INSPECTIONS;AND(C)BY CLOSING ON THE PROPERTY,PURCHASER SHALL BE DEEMED TO HAVE CONFIRMED INDEPENDENTLY ALL INFORMATION THAT IT CONSIDERS MATERIAL TO ITS PURCHASE OF THE PROPERTY. PURCHASER SPECIFICALLY ACKNOWLEDGES THAT,EXCEPT FOR THE REPRESENTATIONS AND 9 PPAB 6064213v5.doc