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A . " 90 % Target . " The cumulative number (360) of net new positions filled with full time <br /> equivalent employees by year as provided for on Exhibit A . <br /> Be "Affiliate . " A company that the Company controls , controls the Company, or is under <br /> common control with the Company . <br /> C . "Baseline Employment . " Number of employees , 17 , employed by Company as of the <br /> December 31 , 2021 . <br /> D . "Baseline Valuation . " Current taxable valuation of the Subject Property, excluding 419 <br /> West Franklin Street, or the other real property in the County as may used by the <br /> Company as applicable at the time of certification by the Company and Personal <br /> Property as assessed by the Orange County Tax Administrator as of January 1 , 2020 <br /> prior to the investment contemplated in this Agreement . Upon revaluation by the <br /> County, the Baseline Valuation shall be adjusted as determined by the Orange County <br /> Tax Administrator . <br /> E . " Company. " Well Dot, Inc . and includes its Affiliates , successors , and assigns . <br /> F . "Eligible Property . " Includes (a) the Subject Property (as defined in Exhibit D , Legal <br /> Description of Real Property) , other Company owned real property in Orange County, <br /> North Carolina and all improvements the Company or an Affiliate of the Company <br /> constructs or installs , or causes to be constructed or installed, at the Subject Property or <br /> such other real property, including all buildings , building systems , and building <br /> improvements , and (b) all personal property (as defined in Exhibit C , Personal Property) <br /> the Company or an Affiliate of the Company purchases or leases and installs , at or <br /> relocates to , the Facility or such other real property . Does not include property used or <br /> valued for the Baseline Valuation . <br /> G . "Expansion Inducement Grant . " An economic development grant equivalent to seventy- <br /> five percent (75 %) of the value of the ad valorem property taxes paid on the Eligible <br /> Property for which Company shall become eligible as provided for in Section 3 . C . of <br /> this Agreement . <br /> H . " Grant . " An economic incentive development grant to the County from the State of <br /> North Carolina pursuant to Section 2 of this Agreement . <br /> I . "Inducement Grant . " An economic development grant provided to Company for the <br /> purpose of securing the Company ' s location of its facility in Orange County, North <br /> Carolina on the Subject Property . <br /> J . "Job Creation Shortfall Penalty" shall have the meaning provided for in Section 2D of <br /> this Agreement . <br /> K . "Lease . " The Lease by and between the Parties for the Subject Property excluding 419 <br /> West Franklin Street , <br /> Page 2 of 17 <br />