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<br />STATE OF NORTH CAROLINA <br /> <br />COUNTY OF CABARRUS <br /> <br />INCENTIVE GRANT AGREEMENT <br />(Connextions Health, Inc.) <br /> <br />THIS AGREEMENT (the "Agreement") is made and entered as of the _day <br />of ,2006, by and between CABARRUS COUNTY, a body politic and <br />political subdivision ofthe State of North Carolina ("County"), and CONNEXTIONS <br />HEALTH, INC. ("Connextions"), a Florida corporation. <br /> <br />RECITALS <br /> <br />1. Connextions is considering locating a new call facility in County (the <br />"Facility") by construdting such facilities in County at an estimated cost of Two Million <br />Nine Hundred Thousand Dollars ($2,900,000.00) (the "New Real Property Investment"); <br />by installing furniture, fixtures and equipment in the Facility at an estimated cost of an <br />additional Two Million Dollars ($2,000,000.00) (the "New Personal Property <br />Investment") (also sometimes collectively referred to as "New Investment"). <br /> <br />2. The CO\lllty has previously adopted an Industrial Development Grant <br />Program (the "Program"), a copy of which is attached as Exhibit A and incorporated by <br />reference, the public purpose of which is to encourage economic growth and <br />development within the County. <br /> <br />3. Cabarrus Economic Development, Inc. (the "EDC") has reviewed the <br />Connextions application for inclusion in the Program and EDC's overview is attached as <br />Exhibit B and incorporated by reference. <br /> <br />4. Connextions has determined that location of its facility at 4601 Corporate <br />Drive in Concord, North Carolina (the "Site") in the County is a suitable location for the <br />placement of the Facility and the New Investment. <br /> <br />5. To induce Connextions to locate the New Investment in the Facility at the <br />Site and to assist Connextions in that activity, the County has offered incentives to <br />Connextions consistent with the Program. <br /> <br />In consideratiop of the mutual promises set forth in this Agreement and other <br />good and valuable con$iderations, the receipt and sufficiency of which are acknowledged <br />by the parties, the Couhty and Connextions agree as follows: <br /> <br />COVENANTS, TERMS and CONDITIONS <br /> <br />1. IncentiVe Grants. Pursuant to the Program, the County shall in <br />accordance with and a~ provided by this Agreement, pay to Connextions an incentive <br />grant (the "Grants") iniaccordance with the Small Headquarters category of the Program, <br />i.e. an amount equal to: 50 percent of the increase in property tax paid by Connextions <br />upon the actual assessed ad valorem tax value increase occasioned by construction and <br /> <br />c-\ <br />