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DRAFT <br /> <br />STATE OF NORTH CARO! <br />COUNTY OF CABARRUS <br /> <br />ADDENDUM TO INCENTIVE <br />GRANT AGREEMENT <br /> <br /> THIS ADDENDUM TO INCENTIVE GRANT AGREEMF~NT (the "Addendum") is <br />made and entered into as of the __ day of 2001 by and between the COUNTY <br />OF CABARRUS, NORTH CAROl.INA (the "COUNTY"), a political subdivision of the State of <br />North Carolina; the TOWN OF HARRISB~G, NORTH CAROIJNA (the '~I'OWN"), a <br />municipal corporation of the State of North Carolina; and SOUTHEASTERN PACKAGING <br />COMPANY (the "COMPANY"), a North Carolina Corporation. <br /> <br />WlTNESSETH: <br /> <br /> WHEREAS, COUNTY, TOWN, and COMPANY entered into that certain Incentive <br />Grant Agreement (the "Agreement'S) dated as of June 14, 1999, related to the expansion of the <br />COMPANY's manufacturing facility (the "Facility," as said term is also defined in the <br />Agreemen0; and <br /> <br /> WHEREAS, the Agreement provides for certain Grants (as defined in the Agreement) to <br />COMPANY related to the project pursuant to certain incentive programs provided by the <br />COUNTY and TOWN (the "Programs," as said Programs are more particularly defined and <br />described in the Agreement); and <br /> <br /> WHEREAS, the Agreement references that the expansion of the facility will occur on <br />specifically identified property (the "Property," as said temps are defined in the Agreement); and <br /> <br /> WHEREAS, Exhibit B attached to the Agreement describes the real property suitable for <br />the expansion and is in the form of a North Carolina general warranty deed being hereby <br />incorporated herein by this reference; and <br /> <br /> WHEREAS, pursuant to the terms of the Agreement, COMPANY's plans to expand its <br />facility are subject to modification based upon site, permitted uses and other financial <br />considerations; and <br /> <br /> WHEREAS, pursuant to the terms of the Agreement, COMPANY has expanded the <br />facility specifically identified in the Agreement as the property and has also expanded the facility <br />on adjacent property recently acquired; <br /> <br /> NOW, THEREFORE, in consideration of the premises and for other good and valuable <br />consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto <br />hereby agree as follows: <br /> <br />1. Incentive Grants. (a) Exhibit B of the Agreement is hereby amended to include the <br /> following three parcels of land: 1-9~19.3, 1-9-19.1 and 1-9-19, as more particularly <br /> <br /> <br />