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Attachment B <br /> Draft of March 8, 2000 <br /> SMALL BUSINESS LOAN.FM UPPO_R_T AORFEMNT <br /> THIS SMALL BUSINESS LOAN PROGRAM SUPPORT AGREEMENT is <br /> dated as of March .9 1 , 2000 (the "Support Agreement"), and is between ORANGE <br /> COUNTY SMALL BUSINESS LOAN PROGRAM COMPANY, a North Carolina <br /> nonprofit corporation (the "Company"), and ORANGE COUNTY, NORTH <br /> CAROLINA, a North Carolina political subdivision(the "County"). <br /> WHEREAS. <br /> The County has determined that it is appropriate and desirable for the County to <br /> stimulate the creation of good jobs for Orange County citizens as well as to stimulate <br /> successful business development and expansion in Orange County. To that end, the <br /> County has determined to provide for the creation of the Company to serve as a lender to <br /> small businesses. The County has also determined to support the Company as provided in <br /> this Support Agreement, to enable the Company to borrow funds for re-lending to small <br /> businesses in furtherance of the County's policy. <br /> NOW, THEREFORE, in consideration of the mutual promises contained in this <br /> Support Agreement and for other good and valuable consideration, the parties agree as <br /> follows: <br /> ARTICLE I <br /> COMPANY'S AGREEMNT TO CARRY OUT LOAN PRO RAM <br /> 1.01. To carry out the County's public purposes as described above, upon the <br /> terms and conditions set out in this Support Agreement and subject to the limits imposed <br /> by this Support Agreement, the Company agrees to carry out the Loan Program pursuant <br /> to the Guidelines. <br /> 1.02. The Company shall use its reasonable discretion in its interpretation of the <br /> Guidelines. The Company in its discretion may at any time request further interpretation <br /> or clarification of the Guidelines from the County, and the County may at any time <br /> amend the Guidelines. <br /> 1.03. (a) The Company shall notify the County each time the Company <br /> determines to make a Program Loan. The notice shall include a copy of the commitment <br /> letter sent to the borrower, identifying the borrower and the principal amount of the loan, <br /> 1 <br />