Grandfather Vistas Addendum To Contract

ADDENDUM TO AGREEMENT TO BUY AND SELL REAL ESTATE THIS ADDENDUM is attached to and made a part of that certain Agreement to Buy and Sell Real Estate dated the ____ day of ___________, 2006, by and between Blue River Ridge at Blowing Rock, LLC (“Sellers”) and __________________________________________________________ (“Purchasers”). Seller agrees to deposit with the Settlement Agent, as a reduction of the proceeds due Seller, at Closing, an amount equal to the interest (interest only and not principal) during the twelve (12) month period following the Closing, calculated at an interest rate equal to the lessor of (i) Purchaser’s actual interest rate under Purchaser’s loan for the Property; or (ii) an amount equal to one year’s interest under the loan package arranged by the listing agent, without regard to whether such loan package was actually accepted or approved for Purchaser, in the community known as Grandfather Vistas. This amount shall be disbursed by the Settlement Agent to Purchaser’s lender, not later than five business days following the recording of Purchaser’s deed. Home Site #_______ BLUE RIVER RIDGE AT BLOWING ROCK, LLC. BY:____________________________________ Its Manager, Seller

________________________________________ Purchaser ________________________________________ Purchaser

Agent:_____________________