Agenda - 12-13-2022; 8-c - Proposed Eighteen-Month Extension of the State of North Carolina’s “Building Reuse Grant” Incentive for Industrial Connections & Solutions-ABB Inc.

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i 39 Rural Economic Development Loan Agreement and EXHIBIT E Legally Binding Commitment, Private Owner BUILDING REUSE PROGRAM—Revision#3 zo2o-q25-3201.2587 (including the performance thereof), the Owner agrees that the Goverrunental Unit or Commerce may require repayment from the Owner of an amount of Loan funds to be determined in their sole discretion but not to exceed the amount of Loan funds the Owner has already received under this LBC. Such requirements,covenants or agreements include but are not limited to Paragraphs 2, 3,4, 9, 11 and 12 of this LBC, I 14, No Waiver by Governmental Unit or the State, Failure of the Governmental Unit or the State(including,without limitation, the Rural Authority and Commerce)at any time to require performance of any term or provision of this LBC shall in no manner affect the rights of the Governmental Unit or the State at a later date to enforce the same or to enforce any future compliance with or performance of any of the terms or provisions hereof. No waiver of the Governmental Unit or the State of any condition or the breach of any term, provision or representation contained in this LBC,whether by conduct or otherwise, in any one or more instances,shall be deemed to be or construed as a further or continuing waiver of any such condition or of the breach of that or any other term,provision or representation. 15, Waiver of Objections to Timeliness of Legal Action. The Owner knowingly waives any objections it has or may have to timeliness of any legal action(including any administrative petition or civil action)by the Governmental Unit or the State(including Commerce)to enforce their rights under this LBC. This waiver includes any objections the Owner may possess based on the statutes of limitations or repose and the doctrines of estoppel or laches. 16, Special Provisions and Conditions. (a), Nondiscrimination. The Owner agrees that it will not,and will ensure that the Business will not,discriminate by reason of age,race, religion,color,sex, national origin or disability related to the activities of this LBC or the Project, (b). Compliance with Laws, The Owner shall at all times,and shall cause any Business at all times to,observe and comply with all laws,regulations,codes,rules,ordinances and other requirements(together, "Laws")of the state, federal and local governments which may in any manner affect the performance of the LBC or the Project. (c). Nan-Ass( nag bility. The Owner shall not assign or transfer any interest in the LBC without the prior written consent of the Governmental Unit and Commerce;provided however,that claims for money due to the Owner from the Governmental Unit under this LBC may be assigned to any commercial bank or other financial institution without such approval. (d). Personnel.The Owner represents that it and any Business have or will secure at their own expense all personnel required to monitor,carry out and perform the scope of services of this LBC and the Project. Such employees shall not be employees of the State(including,without limitation, the Rural Authority or Commerce) or the Governmental Unit. Such personnel shall be fully qualified and shall be authorized under state and local law to perform such services, j 17. Notice. All notices required or permitted hereunder and all communications in respect hereof shall be in writing and shall be deemed given when personally delivered or when deposited in the United States Mail,certified,return receipt requested,postage prepaid, and addressed as follows: 3 Legally Binding Commitment-9 j i { i i i