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BUSINESS ASSISTANCE AGREEMENT FOR <br />ANHINGA CO., DBA BEARVAULT, IN THE CITY OF LOUISVILLE <br />THIS AGREEMENT ("Agreement") is made and entered into as of the <br />20 day of October , 2020, between the CITY OF <br />LOUISVILLE, a Colorado home rule municipal corporation (the "City"), and <br />ANHINGA CO. (the "Company"), a Wyoming corporation. <br />WHEREAS, the City wishes to provide certain business assistance in <br />connection with the Company's relocation and expansion (the "Project"), for <br />which Louisville, Colorado is being considered; and <br />WHEREAS, the Company is seeking to occupy approximately 6,000 <br />square feet in the Colorado Technology Center for its packaging, warehousing, <br />and office operations (the "Project Location"); <br />WHEREAS, the Company expects to hire six new employees in the first <br />five years of operations, with salaries above the Boulder County Average Wage; <br />WHEREAS, the Company is creating a foundation for future growth by <br />establishing its first commercial space; and <br />WHEREAS, the City Council finds the execution of this Agreement will <br />serve to provide benefit and advance the public interest and welfare of the City <br />and its citizens by securing this economic development project within the City. <br />NOW THEREFORE, in consideration of the mutual promises set forth <br />below, the City and Company agree as follows: <br />1. Building Permit Fee Rebates. The City shall rebate to the Company 50% <br />of the building related permit fees for the Project, required under Louisville <br />Municipal Code, section 15.04.050 and section 108.2 of the International <br />Building Code as adopted by the City, for the period from execution of this <br />Agreement and ending June 30, 2021. <br />2. Use Tax Rebate -Construction. The City shall rebate to the Company 50% <br />of the Construction Use Tax on the construction materials for the Project, <br />required under Louisville Municipal Code, section 3.20,300, excluding all <br />revenues from the Open Space Tax, Historic Preservation Tax, and <br />Recreation Center Tax for the Project, for the period from execution of this <br />Agreement and ending June 30, 2021. <br />3. Use Tax Rebate — Tangible Goods. For tangible good purchases related <br />to equipment and build -out of a the warehouse and office facility that are <br />made by the Company between November 1, 2020 and June 30, 2021 <br />and to the extent that such purchases are for the Company's expansion of <br />Page 1 of 6 <br />