Agenda - 09-29-1999 - 8o - Laserfiche WebLink

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10 SECTION III PERFORMANCE AGREEMENT Without this challenge grant from the Competitive Fund, our company would not have been able to site this project in North Carolina. • I understand that no Norih Carolina operation owned by this company or a related company is to curtail operations as a result of this challenge grant. • I understand that grant funds will be released in four increments as each 25 percent of the total jobs promised in Section I, No. 3, of this application is created. • I understand that release of grant funds is contingent on the company providing the N.C. Department of Commerce with copies of the appropriate quarterly N.C. Employment Security Conunission forms described in Fund Guideline No. 14 and on these forms providing verification of job creation. • I understand that release of any grant funds is contingent on the company providing verification that the project has all of its required environmental permits. • I understand that this is a challenge grant and that my company will retain current employment of _~ jobs existing on this date and CREATE A MINIMUM of 120 (goal) jobs within three years from this date (total number of jobs three years from this date will be ~Q~; and to immediately repay the grant if the number of jobs created does not equal 90% of said goal at the end of the third year. • I understand that this is a challenge grant and that my company may be responsible for refunding part or this entire grant if my company's plans change for any reason. I have read and understand the attached guidelines for the Competitive Fund. I certify that all information included on this application is correct to the best of my knowledge. • I have attached all documents described in Section IV. Company Officer. R. Douglas Roland Title: PTP_Rl riPnt Phone Number: ZC13-47g-147n Date: Sept . 8 . 1999 All information in Sections 1, II and III of this application becomes public record once a grant is awarded. 6 Revised 6/99