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BOOK 23 PAGE 711 <br />AGREEMENT REGARDING INCENTIVE FUNDS <br />FOR <br />MAGNETI MARELLI, USA <br />BY AND BETWEEN <br />LEE COUNTY ECONOMIC DEVELOPMENT CORPORATION <br />AND <br />MAGNETI MARELLI, USA <br />DATED <br />Exhibit A - Grant of Lee County Funds <br />Exhibit B - Grant of City of Sanford Funds <br />Exhibit C - Incentive Policy <br />STATE OF NORTH CAROLINA ) AGREEMENT REGARDING <br />INCENTIVE <br />FUNDS FOR <br />COUNTY OF LEE ) MAGNETI MARELLI <br />THIS AGREEMENT, made and entered into this the day of <br />2010, by and between LEE COUNTY ECONOMIC <br />DEVELOPMENT CORPORATION, a North Carolina non-profit corporation <br />(hereinafter referred to as LCEDC), and MAGNETI MARELLI, USA, a limited <br />liability company with an office and place of business in Sanford, N.C. <br />(hereinafter referred to as Company); <br />WITNESSETH: <br />WHEREAS, LCEDC has entered into an agreement with the City of <br />Sanford (City) with regard to providing economic development funds in support of <br />the development of the Magneti Marelli machinery and assembly facility as <br />described in the contracts which are attached as Exhibits "A" and "B": and <br />1 of22 <br />