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Building Improvements') resulting in a b i ding or buildings located on the Real Estate having a total building investment of approximat $30,000,000 (such amount exclusive of personal property investment made by the Company ; and WHEREAS, the Company has rel resented that @ the completion of the Project will result in the retention of 40 jobs (represen ing the current number of employees at its facilities located in the City) (the "Existing Jobs" nd (ii) within ten (10) years of the date hereof, the Company will create 524 additional jobs at heilities of the Company located in the City; and WHEREAS, the Company has also represented that the Project will result new capital investment by the Company in the Company's assets located in the City of approximately $57,000,000 by and through the year 2025 d WHEREAS, the Company has re (u sted certain economic development assistance from the City in order to complete the Proj t as more fdlly set out herein with such assistance consisting of the acquisition of the equi ent by the: Commission as provided in Exhibit B attached hereto and incorporated herein (I h "Equipment ") which Equipment shall be located at the Real Estate in the Area; and WHEREAS, the Commission has eed to lease the Equipment to the Company for use by the Company at the Project and to nvey the ;Equipment to the Company upon the satisfaction of certain requirements herein r provided and in the Act; and WHEREAS, subject to this MOU pay for the Equipment, the Commission and Indiana law to annually appropria ($3,000,000) of Tax Increment Finance R three (3) successive years with the first y for the facilities to be initially constructed aggregate total not to exceed Nine Million WHEREAS, TIF Revenues are eitl the Allocation Fund for the Area (the ` Commission to make the appropriations re( WHEREAS, the Commission has a described herein to acquire and pay R requirements of Indiana law, and the Corn begin operations, thereby creating the prc terms and subject to the conditions set forth as more fully set forth herein, to provide moneys to all take such action as may be required by the Act the sum of Three Million and 00 /100 Dollars nues allocable to the Area (the "TIF Revenues") in beginning on the day the Company breaks ground the Real Estate (the "Groundbreaking Date ") for an 100 /100 Dollars ($9,000,000.00); and presently on deposit or expected to be deposited in Vocation Fund ") in an amount sufficient for the fired by this MOU; and eed to use its best efforts to take certain actions as r the Equipment pursuant to the Act and other y has agreed, in turn, to complete the Project and Iised jobs and the capital investment, all upon the erein; and NOW, THEREFORE, in consideral ic n of the foregoing and of the mutual covenants and agreements herein contained, and other p Dod and valuable consideration, the receipt and sufficiency of which are hereby acknowledge , the parties do hereby agree as follows: -2- US.54209507.06