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STATE OF NORTH CAROLINA ) AGREEMENT REGARDING INCENTIVE FUNDS FOR COUNTY OF LEE ) WYETH HOLDINGS LLC THIS AGREEMENT, made and entered into this the 1 st day of January, 2018, by and between the COUNTY OF LEE, NORTH CAROLINA, a body politic and corporate (hereinafter "COUNTY"), and Wyeth Holdings LLC doing business as Pfizer in Lee County, a company with an office and place of business in Sanford, North Carolina (hereinafter "COMPANY"); WITNESSETH: WHEREAS, the Grant from the COUNTY to the COMPANY is in the amount up to $1,412,715.00 (ONE MILLION FOUR HUNDRED AND TWELVE THOUSAND SEVEN HUNDRED AND FIFTEEN DOLLARS) and has been negotiated and agreed to by the parties contingent upon the COMPANY entering into this Agreement and formal approval of the Grant by the Lee County Board of Commissioners; and WHEREAS, the Grant is to be used by the COMPANY toward the goal of creating 50 (FIFTY) New Jobs (hereinafter "New Jobs") at an average annual wage of at least $90,000 (NINETY THOUSAND DOLLARS) and at least $100,000,000.00 (ONE HUNDRED MILLION DOLLARS) in Taxable Investment (hereinafter "Taxable Investment") in connection with the COMPANY'S pharmaceutical manufacturing operations in Lee County, and WHEREAS, the Grant is necessary to enable the job creation and taxable investment by the COMPANY in Lee County to occur and go forward; and WHEREAS, the Grant will stimulate local economic activity, promote business, and create a number of new jobs for the citizens of Lee County; and WHEREAS, the Grant is issued pursuant and subject to the provisions of the Local Development Act, North Carolina General Statute §§ 158-7.1 through 7.4, including a public hearing held on February 20, 2017; WHEREAS, a public hearing was held on February 20, 2017 at the Regular Meeting of the Board of County Commissioners, whereby the Board then voted to approve the incentive; NOW, THEREFORE, in consideration of the representations set forth herein and the mutual covenants and promises set forth below, the COMPANY agrees: 1. TERM. The term of this agreement shall begin upon execution in 2018 and shall end on the 31 st day of December, 2023, unless sooner terminated pursuant to the provisions of the Agreement contained herein or extended by mutual written agreement of the Parties.