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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6 This Grant Agreement("Grant Agreement" or"Agreement") by and between Orange County(the "County"), a political subdivision of the State of North Carolina, ABB Inc., a Delaware Corporation, and Industrial Connections &Solutions LLC, a Delaware limited liability company("Company"), a US subsidiary of a multinational corporation situated and headquartered in Zurich,Switzerland, with North American headquarters in Cary, NC, is made and entered into this 4'"day off^ 2020. WHEREAS, under N.C.G.S. §143B-472.128,the General Assembly created the North Carolina Rural Infrastructure Authority ("Rural Authority")to review applications for and, where appropriate, authorize such matching grants or loans,and, under N.C.G.S. §§143B-472.126 and .127,the General Assembly authorized the North Carolina Department of Commerce ("Commerce")to administer such grants or loans; and WHEREAS,without limitation, the Rural Authority awarded a $500,000.00 Building Re-use Grant: (1) based on the application filed by the County and any subsequent materials supporting the application that have been approved of by Commerce in writing, all of which are incorporated by reference herein; (2) based on the representation in the application that Company owns certain real property located at: 6801 Industrial Drive Mebane, NC 27302 in Orange County, North Carolina (the "Property"); (3) based on Commerce's Grant requirements and guidelines; and for(4)the up-fit and expansion of the Property(altogether,the "Project," as summarized in Paragraph 1 to this Grant Agreement); and WHEREAS the County has agreed to administer the Grant pursuant to the terms of this Grant Agreement and related grant documents. : NOW,THEREFORE, in consideration of the mutual promises and such other valuable consideration as set out herein,the Parties mutually agree to the following terms and conditions: 1. Scope of Project/Agreements to be Executed. i i (a). The Project will support the expansion of a building located at 6801 Industrial Drive in Mebane. i The building was constructed in 1971. ABB, Inc, is a company that specializes in the electrification business offering a wide range of products, digital solutions and services,from substation to socket, enabling safe and sustainable electrification.This project received a JDIG award. (b). The Company shall immediately notify County of any change in conditions or federal,state,or local law, or any other event, which may significantly affect its ability to oversee, administer or perform this Grant Agreement or the Project, Upon such notification County may take such action as it, in its { sole discretion,deems appropriate up to and including termination of this Grant Agreement without fault or further obligation.