Faulcon, Hairston, and Carlos Sanford were arrested on June 5 and when Durham officers found a pistol on the ground beside the vehicle and two bags containing drugs.
All three were charged with misdemeanor marijuana possession. Hairston was also charged with driving without a license. Police did not charge anyone in connection with the gun.
The charges against Hairston were dropped last month, however, Faulcon and Sanford are still facing charges.
On Tuesday, Faulcon faced a judge in a Durham County courtroom on the marijuana possession charge.
Judge James Hill confirmed Faulcon qualified for a simple possession charge, and gave him a deal --unsupervised probation for six months, and 10 hours of community service.
"You received today what is called a break," Judge Hill told Faulcon. "You do all this stuff, it goes away, you have a clean record. You don't, you won't."
Faulcon also received a stern message from the judge, when asked if he was the only member of his high school basketball squad to get a scholarship to play at Elizabeth City State.
"So how's it look to your fellow Hillside High School students to see you here on a drug charge," Judge Hill asked.
Faulcon replied with, "Not too good."
He is now cleared to resume his studies at college and play for his team, if he stays out of trouble.
"Be a role model, and don't come back to see me," Judge Hill told Faulcon before he left the courtroom.
The incident involving Faulcon, Hairston, and Sanford gained a lot of attention after an ABC11 I-Team investigation revealed that the luxury SUV Hairston was driving at the time of the trio's arrest was rented by Haydn Patrick "Fats" Thomas. Thomas told ABC11 he did not rent the car for the UNC athlete, but loaned it to Faulcon.
Hairston was suspended indefinitely from the team last week after he was cited again for speeding, this time near Salisbury.
Hairston was also cited for speeding on May 13 in a vehicle rented under a woman's name sharing the home address of Thomas.