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BUSINESS ASSISTANCE AGREEMENT FOR QUANTUM CORPORATION IN THE CITY OF LOUISVILLE THIS AGREEMENT("Agreement")is made and entered into as of the 50 day of March, 2012, between the CITY OF LOUISVILLE, a Colorado home rule municipal corporation (the "City"), and Quantum Corporation, (" rimunrm ") a Delaware Corporation. Cot,too RATtotl WHEREAS, the City wishes to provide certain assistance to Quantum Corporation in connection with the company's tenant finish of approximately 20,000 square feet of existing vacant space at 1172 Century Drive or similar location in Louisville(the project); and WI-IEREAS, Quantum Corporation plans to occupy the new facility during 2012; and WHEREAS, Quantum Corporation will bring new high-paying primary jobs to the City;and WHEREAS, City Council finds the execution of this Agreement will serve to provide benefit and advance the public interest and welfare of the City and its citizens by securing the location of this economic development project within the City. NOW THEREFORE, in consideration of the mutual promises set forth below, the City and Quantum Corporation agree as follows: 1, Building Permit Fee Rebates. The City shall rebate to Quantum Corporation 50% of the building related 'permit fees for the project, required under Louisville Municipal Code, section 15.04.050 and section 108.2 of the International Building Code as adopted by the City. • 2. Use Tax Rebate-Construction. The City shall rebate to Quantum Corporation 50%of the Construction Use Tax on the building materials for the project, required under • Louisville Municipal Code, section 3.20.300,excluding all revenues from the open space tax 3. Payment of Rebates Cap. The maximum amount of the rebates payable pursuant to 1 and 2 above shall in no event exceed the calculation of 50% of the fees paid to the City. The building permit fee rebate shall be paid by the City within 120 days following issuance of the Certificate of Occupancy for the project, subject to paragraphs 4 and 5 below. No interest shall be paid on amounts subject to rebate. 4. Use of Funds. Funds rebated pursuant to this Agreement shall be used by • Quantum Corporation solely for obligations and/or improvements permitted under Louisville Municipal Code section'1.24.060 (as enaoted by Ordinance No, 1507, Series 2007), which May,include tenant uni rove rents,for. occupancy of vacant,space or the • expansion or creation of jobs within the City. The eligible' obligations and/or to 1172 Century Drive or similar location shall be fully satisfied and/or •