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<br />J. The intent and purpose of this Agreement on the part ofPEDC, and the consideration <br />to it for providing the $1,500,000.00 Incentive Loan and the conditional conveyance <br />offive (5) acres to the Company, is to provide for new employment in Paris, Texas, <br />to stimulate and improve the City's economy. Accordingly, the Company agrees to <br />and acknowledges this purpose; and in signing this Agreement hereby makes the <br />commitment to PEDC to provide the employment herein represented by it and to <br />maintain in Paris, Texas, these levels of employment and the presence of its Business <br />throughout the seventeen (17) year Term of this Agreement. <br /> <br />EXECUTED on the _ day of <br />Date" of this Agreement). <br /> <br />, 2003 (herein called the "Effective <br /> <br />PARIS ECONOMIC DEVELOPMENT <br />CORPORATION <br />("PEDC") <br /> <br />By: <br /> <br />Don Wall, President <br /> <br />Fax: <br /> <br />1125 Bonham Street <br />Paris, TX 75460 <br />(903) 784-2503 <br /> <br />ATTEST: <br /> <br />Address: <br /> <br />Richard Severson, Secretary-Treasurer <br /> <br />C-TECH, INC. <br />(the "Company") <br /> <br />By: <br /> <br />Michael Meshbesher, President <br /> <br />ATTEST: <br /> <br />Address: <br /> <br />131 Cheshire Lane, Suite 100 <br />Minnetonka, MN 55305 <br /> <br />, Secretary-Treasurer <br /> <br />Fax: <br />Fax: <br />Fax: <br /> <br />(952) 249-6554 <br />(952) 944-0415 <br />(612) 376-4767 <br /> <br />STATE OF TEXAS ) <br />) <br />COUNTY OF LAMAR ) <br /> <br />BEFORE ME, the undersigned authority, on this day personally appeared Don Wall, <br />President of the Paris Economic Development Corporation, Paris, Texas, known to me to be the <br />person whose name is subscribed to the foregoing instrument, and acknowledged to me that he <br /> <br />14 <br />