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EXTRACTS FROM MINUTES OF BOARD OF COMMISSIONERS OF THE COUNTY OF CABARRUS, NORTH CAROLINA The Board of Commissioners of the County of Cabarrus, North Carolina, met in regular session in the Commissioners' meeting room at the Cabarrus County Courthouse, in Concord, North Carolina, the regular place of meeting at 9:30 o'clock, A.M., on May 7, 1984 with Chairman presiding. The following Commissioners were: PRESENT: ABSENT: ALSO PRESENT: The Chairman stated that pursuant to Chapter 159C of the General Statutes of North Qarolina and the regulations thereunder he had been advised that The Cabarrus County Industrial Facilities and Pollution Control Financing Authority (the "Authority") intended to file an application with the Secretary of the Depart- ment of Commerce for approval of an industrial and manufacturing project in Cabarrus County, North Carolina, consisting of the expansion, renovation and equipping of an existing facility located at 9280 Davidson Highway, Concord in Cabarrus County, North Carolina for the purposes of producing surface-mount assem- blies on a custom basis for all segments of the electronics industry (the "Project") by~]SFETechnologies, a California corpora- ~tion, and'Orchard Elect.rOndOs,' InC., a North'Carolina corporation and a wholly-owned subsidiary ~f SFE Technologies (collectively the "Companies") and to be financed for the Company by the issuance of approximately $4,000,000 aggregate principal amount of bonds of the Authority. Since such application for approval cannot, under regulations of the Department of Commerce, be officially received until, among other things, the Board has, by resolution after having held a public hearing, approved the issue of bonds for the proposed Project and approves the Project in principle, the Authority has recommended and requested that the Board pass such resolution. The Chairman presented copies of the Authority's resolution approving the Project and the inducement agreement between the Authority and the Companies to the Board. The Chairman then stated that a notice had been published by the Clerk to the Board on , 1984 stating that the Board would hold a public hearing on May 7, 1984 on the proposed revenue bond issue and the Project (the "Notice").