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L County Incentives Generally The County will provide cash incentives (the "County Incentives ") provided that the provisions of this Agreement are met. The County will provide a cash grant for construction of a public roadway, installation of public utilities and installation of a stoplight on Derita Road as described below in Section II. IL County Economic Development Incentives Related Land Development and Infrastructure A. Land Development The Company agrees to develop the Facility on a tract of land owned by the Company consisting of approximately acres located at the southwest corner of Derita Road and Poplar Tent Road in the City of Concord, North Carolina (the "Site "). The Site is denoted on the map attached as Exhibit A B. County's Incentives for a Public Road, Utilities and a Stoplight Within ten (10) days of completion of construction of each of the following improvements to the Site, the County will pay the indicated amount to the Company as reimbursement for such cost, provided evidence of the amount and completion of the construction is given to the County. C. Company intends to construct the Facility in two phases, beginning in 2015. The two phases re further described as: Phase Completion Deadline Investment Amount 1 9 -30 -2016 $25,000,000 2 12 -31 -2018 $28,000,000 TOTAL $53,000,000 The investment amounts shown are for the purposes of establishing a minimum investment by Company for each Phase, subject to the Section III. C pro- ration reduction. III. Reduction and Recapture of Incentives A. If Company is not current on all other taxes, fees, assessments or other amounts owed to the County by Company related to the Facility at the time an EDI Grant is to be paid, the County may set off from any EDI Grant any amount(s) so owed by Company to the County. PagUA54 2 number 2 \n G -1 Page 156