Agenda - 06-16-20; 8-e - Approval of Two Contracts Associated with the State of North Carolina’s “Building Reuse Grant” Incentive to ABB, Inc.

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Deed of Trust Documentation BUILDING REUSE PROGRAM – Revision #3 EXHIBIT H 2020-025-3201-2587 Deed of Trust Documentation - 1 The Department of Commerce strongly encourages, but does not require, the Governmental Unit secure the funds loaned to the property owner, Industrial Connections & Solutions, LLC, with a Deed of Trust on the property. Please check the appropriate box below indicating the intention of the Governmental Unit:  The Governmental Unit will secure the funds with a Deed of Trust listing Orange County as the beneficiary in the amount of $500,000.00.  Orange County (“Governmental Unit”) has elected NOT to secure with a deed of trust on the subject property the $500,000.00 in grant funds awarded by the North Carolina Department of Commerce (“Commerce”) for a building reuse grant. Governmental Unit acknowledges and agrees that it is liable to the State for any grant funds that must be repaid under the Grant Agreement or Legally Binding Commitment, including (without limitation), any required repayments due to the property owner’s failure to create and maintain jobs, which could include the full amount of the grant. Governmental Unit acknowledges that its liability to Commerce arises whether or not it is able to collect any repayment from the property owner under the Legally Binding Commitment, but still elects not to obtain a deed of trust on the subject property. Please fill in the box below: Governmental Unit Name: Orange County_____________________________________ By (Signature): __________________________________________________ Printed Name: __________________________________________________ Title: __________________________________________________ Date: __________________________________________________ 38