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STATE OF NORTH CAROLINA ECONOMIC DEVELOPMENT AGREEMENT (BEACON PARTNERS) COUNTY OF CABARRUS This AGREEMENT ( "Agreement ") is entered into effective April , 2015 by and between BEACON PARTNERS, a North Carolina (the "Company "), and the COUNTY OF CABARRUS, North Carolina, a body politic and political subdivision of the State of North Carolina (the "County "), and describes the agreement between the parties relating to an economic development project to assist the Company in the construction of public infrastructure in the River Oaks Corporate Center (the "Site "). RECITALS I. The County is vitally interested in the economic welfare of its citizens and the creation and maintenance of sustainable jobs for its citizens in strategically important industries and therefore wishes to provide the necessary conditions to stimulate investment in the local economy and promote business, resulting in the creation of a substantial investment in the County and to encourage economic growth and development opportunities which the County has determined will be made possible pursuant to the Project (as defined below). 2. The Company is engaged in the development of business parks in order to attract industrial and commercial enterprises to such parts thereby generating economic growth and creating new jobs. 3. The Company has proposed to make a capital investment of at least $53,000,000 at the Site in two phases, all in the form of internal infrastructure and at least four (4) industrial or commercial buildings. Such infrastructure and buildings that are located on the Site are referred to herein as the "Facility." The Facility, along with the land constituting the Site is referred to as the "Project." 4. The County recognizes that the Project will bring direct and indirect benefits to the County, including job creation, economic diversification and stimulus in technology and manufacturing skills, and has offered economic development incentives (the "County Incentives" as defined below) to induce the Company to locate the Project at the Site. 5. The Company fully intends to establish through the Project an important presence in the County by making a substantial investment in the Project. The County hereby acknowledges that the terms of this Agreement, including specifically the County Incentives and other assistance described in this Agreement, constitute a dispositive inducement to the Company to locate the Project at the Site. Similarly, the Company hereby acknowledges that its decision to develop the Project at the Site resulted from the County's offer of local incentives and other assistance as described in this Agreement. In consideration of the mutual covenants and agreements set forth, the parties agree as follows. Pagdklaofnt(' number 2 \n G -1 Page 155