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outl~ fiend ~edeve~op~~le~lt omn~issien <br />regular eetit~g -~p~•iI ~~, ~~~7 <br />6. NEW BUSINESS (CONT.) <br />arnp~e-wing ~eve~v~m~en~ Ares <br />~~~ c~n~~nucd... <br />original penalty of 5,50 a~ld di~idi~lg by <br />the nut~ber of years in the penalty sehedu~e, <br />~rhich was tel~e yeas ~~d ~au.di~. up to <br />4a, ~t current job levels, if tl~c jabs did <br />slat inereasc, the company Auld pay <br />penalties af~,iC,OD~ ender tl~e original <br />agreen~e~~t. finder the revised schedule, the <br />pa.~.~le~~ts ou.ld amo~~.~~t to ~,2~,a~0, the <br />~~~~ cl~.auge ~~ the amended ~~l~ibit <br />l~~icl~. reflects the Clld~le~ related to the job <br />targets. Tl~e jab penalties due ~l~rougl~ ~O~C~ <br />~rould e~u.al ~ 9,4U based on the j ahs a <br />reported b~ tllc con~prly and file shortfall <br />front ~llat vas origir~alty expected. <br />The certificate of 'anlpletian certifies ~l~at <br />the project i co~r~plete ~~~. accarda.~lce mirth <br />tl~e ~`irst .~edn~ent and ter~r~.~nates all. <br />rights, c0~e~~~lt~, r'~'C~~iire~ient~, O~l~~atlotl~, <br />atld the like in the ag~•ee~ne~~~ except <br />P~.ragrapl~ l~`aur regarding jai targets a~~d <br />related peu.alties, <br />The closing Statement elases the escrow ~~ <br />distributing tl~e hull mount ofthe ecru of <br />$~~0,~8~ plus ~,4~~.90 to be paid by ~.~. <br />fright, far a fatal pay~~ent due the <br />ede~elop~~ent ornn~ision of $29,99~.~Q. <br />This represents the fatal ofthe~ol~ penalties <br />tla~~ougl~ the first twa gears ofthe agreement, <br />~Oa~ and 2~0~, plus the em~nissien's share <br />of the Escrow l'or the First .~m.endment, <br />l~'inally, ~eso~utio~~ Na, ~3~ authorizes legal <br />cou~~sel to prepare tl~e First r~endment and <br />rotated documents ~lecessar~ t~ meet file <br />10 <br />