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MASTER AGREEMENT THIS MASTER AGREEMENT, (the "Master Agreement") made and entered into this day of , by and between BI- TEK, LLC, a North Carolina limited liability company, having its principal address at 8604 Cliff Cameron Drive, Suite 170, Charlotte, NC 28269 ("BI-Tek"), and the CABARRUS COUNTY, a body politic and political subdivision of the State of North Carolina, having its principal office at 65 Church Street SE Concord NC 28025 (the "Licensee"). PREMISES BI-Tek has created and owns software applications used by local governments to value real and personal property and to assess, bill,., collect-and distribute taxes (the "Applications"). Licensee desires to obtain from BI-Tek the right to use certain of the Applications and to obtain support in connection with such use. 1n consideration of the Premises and the Covenants and Conditions herein contained, the parties do agree as follows: COVENANTS AND CONDITIONS 1. Term. The term of this Agreement shall begin on the date of execution by Licensee and shall continue; unless terminated or extended as .provided herein, for a period of twelve (12) months, ending at midnight on the day prior to the first anniversary of this Master Agreement. 2. Party Responsibilities. BI-Tek is responsible for delivering the Applications and/or services described in the Scope of Work attached as Exhibit "A" and incorporated by reference, and for providing the support services described therein (the "Services"). Licensee shall have the responsibilities assigned to it in the Scope of Work. 3. License. Licensee agrees to license and use the Applications in accordance with the terms of the Software License and Support Agreement attached as Exhibit "B" and incorporated herein by reference. 4. Compensation. Licensee shall pay BI-Tek the compensation for license of the Applications and provision of Services set forth in Exhibit "C," attached and incorporated by reference, (the "Compensation"). Any sums -due BI- Tek-that are not received witliin thirty. (30) days of their due day shall'accrue interest at an annual rate equal to eighteen percent (18%) until paid in full. If Licensee fails to timely pay the Compensation, after ten (10) days written notice to Licensee, BI-Tek may suspend performance of the Services, without further notice or delay and without prejudice to enforcement of BI-Tek's other rights hereunder. 5. Negative Covenant. As a material inducement for the execution of G-~y