Confirming Tax Abatement - 4747 W. Cleveland Road - PEI-Gensis, Inc.

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equipment are computer driven. 2. The project will create 12 new, permanent jobs within the first year, representing a new annual payroll of $340,000 and will maintain 140 existing permanent full-time and 4 existing part-time jobs representing an annual payroll of $ 3,700,000. The projected annual salaries for each new position created are estimated to be as follows: 8 x Production Worker $20,100 2 x Engineer $57,500 2 x Supervisor $32,500 3. Estimate the total cost of the Equipment: $ 3,500,000 over the first four _years of the project. 4. (a) The Equipment is owned or to be owned by the following individuals or corporations (if the business organization is publicly-held, indicate also the name of the corporate parent, if any, and the name under which the corporation has filed with the Securities and Exchange Commission): NAME ADDRESS INTEREST PEI/Genesis, Inc. 2180 Hornig Road 100% Philadelphia, PA 19116 (b) The following other persons lease, intend to lease, or have an option to buy this Equipment (include corporate information as required in (4)(a) above, if applicable): NAME ADDRESS INTEREST N/A 5. Give a brief description of the overall nature of the business and of the operations occurring at the location for which tax abatement is requested: PEI will use the facility as its main world-wide production facility. PEI `s core business is the manufacture, assembly and distribution of electronic components, primarily electronic connectors. The Company also designs and manufactures electronic systems, cable assemblies and specialized connectors and components. All phases of the production process are housed in the facility including: receiving, inspection, inventory mana eg ment warehousing=quality, production, testingLand shipping_ 2