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RECEIPT AND AGREEMENT <br />The undersigned acknowledges receipt of the Earnest Money in the amount of Forty <br />Thousand and No /100 Dollars ($40,000.00) as the Earnest Money under the Contract for Sale and <br />Purchase between Cabarrus County Board of Education, as Buyer, and Glenn H. and Kathy L. Barr, as <br />Seller, dated effective as of , 2016 (the "Contract "). The undersigned agrees to act as <br />Escrow Agent pursuant to the terms of the Contract and to hold and disburse the Earnest Money in <br />accordance with the Contract. <br />Executed by Escrow Agent on the date set forth below. <br />ESCROW AGENT: INVESTORS TITLE <br />INSURANCE COMPANY <br />By: <br />Name: <br />Title: <br />Date of Execution: <br />Page 16 of 17 <br />Attachment number 8 \n <br />G -2 <br />Page 146 <br />