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BUSINESS ASSISTANCE AGREEMENT FOR LINMARK, INC. (COAL CREEK 0 ACE HARDWARE) IN THE CITY OF LOUISVILLE THIS AGREEMENT ("Agreement") is made and entered into as of the day of & , 2020, between the CITY OF LOUISVILLE, a Colorado ho rule municipal corporation (the "City"), and LINKMARK, INC. (the "Comp y"), a Colorado corporation. WHEREAS, the City wishes to provide certain business assistance in connection with the Company's desire to locate a new sales tax generating business (the "Project") at 1375 East South Boulder Road, Louisville, Colorado (the "Project Location"); and WHEREAS, the Company intends to occupy 13,202 square feet of existing commercial space that has been vacant since August 2018; and WHEREAS, the Company expects to add new part-time and full-time employment opportunities within Louisville; and WHEREAS, the Company estimates the Project will generate significant new sales tax revenue to the City during the first five years of operation; and O WHEREAS, the Company plans to complete the Project in 2020; and WHEREAS, the 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 this economic development project within the City. NOW THEREFORE, in consideration of the mutual promises set forth below, the City and Company agree as follows: Sales Tax Rebates. The City shall rebate to the Company 40% of the sales tax revenues derived from the imposition of the City's 3.0% general sales tax (excluding the City's .375% Open Space Tax, the .125% Historic Preservation Tax, the. 15% Recreation center Tax and any new sales taxes) that is actually collected by the City and attributable solely to new retail sales generated by operation of the Project and occurring at the Project location, for the first five (5) years of its operation commencing on the first day of the month following the day the Company begins retail sales to the public from the Project Location ("the Commencement Date"). The five-year rebate period shall commence upon and run continuously from the Commencement Date. 2. Payment of Sales Tax Rebates; Cap. The sales tax rebates shall be paid by the City in annual installments and shall be made in arrears on or before February 28t". No interest shall be paid on amounts subject to rebate. Sales Page 1 of 5