4.12 Applicable Law. This Agreement is entered into under and pursuant to, and
<br />is to be construed and enforceable in accordance with, the laws of the State of
<br />North Carolina.
<br />4.13 Execution of Agreement. This Agreement may be executed in multiple parts
<br />as originals or by facsimile copies of executed originals; provided, however,
<br />if executed and evidence of execution is made by facsimile copy, then an
<br />original shall be provided to the other party within seven (7) days of receipt
<br />of said facsimile copy.
<br />4.14 Hold Harmless. Developer agrees to and shall hold Cabarrus County, its
<br />officers, agents, employees, consultants, special counsel and representatives
<br />harmless from liability: (1) for damages, just compensation, restitution,
<br />judicial or equitable relief arising out of claims for personal injury,
<br />including health, and claims for property damage which may arise from the
<br />direct or indirect operations of the Developer or their contractors,
<br />subcontractors, agents, employees or other persons acting on their behalf which
<br />relates to the project; and (2) from any claim that damages, just compensation,
<br />restitution, judicial or equitable relief is due by reason of the terms of our
<br />effects rising from this Agreement. Developer agrees to pay all costs for the
<br />defense of Cabarrus County and its officers, agents, employees, consultants,
<br />special counsel and representatives regarding any action for damages, just
<br />compensation, restitution, judicial or equitable relief caused or alleged to
<br />have been caused by reason of Developer's actions in connection with the
<br />Project or any claims arising out of this Agreement. This hold harmless
<br />Agreement applies to all claims for damages, just compensation, restitution,
<br />judicial or equitable relief suffered or alleged to have been suffered by
<br />reason of the events referred to in this paragraph or due by reason of the
<br />terms of, or effects, arising from this Agreement regardless of whether or not
<br />the County prepared, supplied or approved this Agreement, plans or
<br />specifications, or both, for the Project. The developer further agrees to
<br />indemnify, hold harmless, and pay all costs for the defense of the County,
<br />including fees and costs for special counsel to be selected by Cabarrus County,
<br />regarding any action by a third party challenging the validity of this
<br />Agreement or asserting that damages, just compensation, restitution, judicial
<br />or equitable relief is due to personal or property rights by reason of the
<br />terms of, or effects arising from this Agreement. Cabarrus County may make all
<br />reasonable decisions with respect to its representation in any legal
<br />proceeding.
<br />9.15 Relationship of Parties. The contractual relationship between Cabarrus
<br />County and Developer arising out of this Agreement is one of independent
<br />contractor and not agency. It is specifically understood by the parties that:
<br />(a) the Project is a private development; (b) County has no interest in or
<br />responsibilities for or duty to third parties concerning any improvements to
<br />the Property unless the County accepts the improvements pursuant to the
<br />provisions of this Agreement or in connection with any applicable subdivision
<br />map approval; and (c) As between the County and the Developer, the Developer
<br />shall have the full power and exclusive control of the Property subject to the
<br />obligations of the Developer set forth in this Agreement.
<br />5.1 Default.
<br />5.1.1 Events of Default. Developer is in default under this Agreement upon the
<br />happening of one or more of the following events or conditions:
<br />(1) If a warranty, representation or statement made or furnished
<br />by Developer to Cabarrus County is false or proves to have
<br />been false in any material respect when it was made;
<br />(2) A finding and determination made by Cabarrus County following
<br />a periodic review that upon the basis of substantial evidence
<br />the Developer has not complied in good faith with one or more
<br />of the terms or conditions of this Agreement;
<br />(3) Any other event, condition, act or omission which materially
<br />interferes with the intent and objectives of this Agreemnt.
<br />5.1.2 Procedure upon Default.
<br />(1) Upon the occurrence of default, County shall give Developer (the
<br />"defaulting party") thirty (30) days written notice specifying the nature of
<br />the alleged default and, when appropriate, the manner in which said default may
<br />be satisfactorily cured. After proper notice and expiration of said thirty (30)
<br />day cure period without cure, Cabarrus County may execute any remedy available
<br />to it hereunder and under applicable law, rule, regulation or ordinance, and
<br />Item# 26
<br />Attachment number 2
<br />Page 149 of 199
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