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Terms of One NC Grant <br /> Local Government: Orange County <br /> Project Company: AKG North America, Inc. <br /> Grant Amount: $loo,000 <br /> Related Member Parties(3) AKG North American Operations, Inc. <br /> AKG of America, Inc. <br /> AKG Thermal Systems, Inc. <br /> Project Description A manufacturing plant at which the <br /> company will manufacture heat exchanger <br /> and cooling solutions <br /> Facility Location Mebane, Orange County, <br /> North Carolina <br /> Grant Period June 15, 2011 through June 15, 2014 <br /> Grant End Date June 15, 2014 <br /> Target New Jobs (goal) 76 <br /> Target New Investment (goal) $3,300,000 <br /> Required New Jobs (required for full grant) 68 <br /> Required New Investment (required for full $2,970,000 <br /> rant) <br /> Average weekly wage for all full-time jobs $739.00 <br /> (Wage Standard) <br /> Retained Jobs, if any 273 permanent full time jobs and 38 <br /> temporary full time jobs <br /> Closeout The earlier of when performance is <br /> complete, or the Grant End Date <br /> Other Requirements <br /> • Health insurance for all fulltime jobs <br /> • Use grant proceeds for installation or purchase of equipment; structural repairs, <br /> improvements, or renovations to existing buildings to be used for expansion; construction <br /> of or improvements to new or existing water, sewer, gas or electric utility distribution <br /> lines or equipment for existing buildings, or for new or proposed buildings to be used for <br /> manufacturing and industrial operations <br /> • Must provide verification that Project has received all environmental permits <br /> • The grant is subject to the requirement that the Local Government deliver to the <br /> Department of Commerce a copy of the agreement with the Company governing the local <br /> incentives to be provided for the Project. <br />