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ECONOMIC DEVELOPMENT AGREEMENT THIS ECONOMIC DEVELOPMENT AGREEMENT (this "Agreement") is made and entered into as of the day of , 2014, by and between the SOUTH BEND REDEVELOPMENT COMMISSION (the "Commission"), organized and existing under Indiana Code Section 36-7-14, and LIPPERT COMPONENTS MANUFACTURING, INC., a Delaware corporation("LIPPERT"). WITNESSETH: WHEREAS, the Commission, the governing body of the City of South Bend, Indiana, Redevelopment District and the City of South Bend, Indiana, Department of Redevelopment, exists and operates under the provisions of Indiana Code Section 36-7-14, as amended from time to time(the "Act"); and WHEREAS,the Commission desires to foster redevelopment and economic development within the City of South Bend, Indiana(the "City"); and WHEREAS, LIPPERT is a tier-1 supplier serving the Manufactured Housing, Recreational Vehicle and Cargo/Horse Trailer industries; and WHEREAS,LIPPERT is in need of a centralized warehouse and distribution space for its finished products which space is proximate to its production facilities, providing an efficient and effective means for storing, tracking and distributing its finished goods (the "South Bend Warehouse"); and WHEREAS, the South Bend Warehouse proposed by LIPPERT would include substantial capital expenditure activities, as well as employment opportunities associated with the South Bend Warehouse;and WHEREAS, LIPPERT has submitted a Petition for Incentives pledging to create, in the aggregate between LIPPERT and its sub-tenant, 180 new jobs during 2014 and a minimum total of 380 new jobs by 2024 with average hourly wages of $12.50 per hour for laborers and, in addition, LIPPERT commits to investing $1,492,500, in the aggregate between LIPPERT and its sub-tenant, for upgrades to the South Bend Warehouse; and WHEREAS, in order to fully develop the South Bend Warehouse, LIPPERT requires certain equipment,more particularly described in the attached Exhibit A(the "Equipment"),to be used in connection with the South Bend Warehouse; and WHEREAS, LIPPERT has requested that the Commission provide a financial incentive in order to assist with the funding of a portion of the cost of the Equipment; and WHEREAS, in order to facilitate the acquisition of the Equipment by LIPPERT, the Commission has agreed to use its best efforts to take certain actions as described herein to pay