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WHEREAS, it is in the best interest of the County for Carolantic's marketing efforts to be <br />successful; <br />WHEREAS, it is a normal and routine duty of EDC and any other similar nonprofit economic <br />development corporation in the state, to promote available sites to companies that might consider <br />locating a facility thereon; <br />WHEREAS, these marketing efforts of Carolantic and EDC will benefit counties and <br />municipalities within a broad geographic range around the Site; <br />WHEREAS, it is advisable for the Parties to this Agreement, as supported financially by <br />other counties and municipalities in the vicinity of the Site, to cooperate in their marketing efforts <br />in order to maximize the potential for attracting major industrial prospects to the Site; <br />WHEREAS, the Parties to this Agreement desire to set forth specific understandings as to <br />those cooperative marketing efforts in order to maximize the benefit from those measures; and <br />WHEREAS, the Parties to this Agreement wish to set forth their understandings herein. <br />NOW THEREFORE, the Parties, based upon the mutual covenants and promises contained <br />herein, which are acknowledged by the Parties as adequate and sufficient consideration, agree as <br />follows. <br />ARTICLE I <br />L01. EDC Marketing. EDC will undertake ongoing efforts to market the Site. EDC will <br />specifically take steps to promote the Site with state recruiters who work for the Economic <br />Development Partnership of North Carolina, representatives of the Research Triangle Regional <br />NPRAL1:782129.2-TBF-(EPE4kRSON) 900000-02216 <br />