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FIRST AMENDMENT TO BUSINESS ASSISTANCE AGREEMENT FOR THE ALLEN COMPANY, INC. IN THE CITY OF LOUISVILLE THIS FIRST AMENDMENT TO BUSINESS ASSISTANCE AGREEMENT FOR THE ALLEN COMPANY, INC. IN THE CITY OF LOUISVILLE ("First Amendment") is made and entered into as of the 16th day of March , 2021, between the CITY OF LOUISVILLE, a Colorado home rule municipal corporation (the "City"), and THE ALLEN COMPANY, INC. (the "Company"), a Colorado corporation. WHEREAS, by Resolution No. 29, Series 2018, the City Council approved a Business Assistance Agreement for The Allen Company, Inc. (the "Agreement") to provide certain business assistance in connection with construction and build - out with Company's headquarters relocation (the "Project") to 682 CTC Boulevard and 609 104th Street, Louisville, Colorado (the "Project Location"); and WHEREAS, the Company brought its office headquarters, warehouse, and some manufacturing operations to the Project Location; and WHEREAS, the Company has located 150 quality jobs in the City and continues to provide for growth and job diversity in Louisville; and WHEREAS, the Company's planned construction schedule was longer than anticipated by the original December 31, 2019 timeline but is now complete; and WHEREAS, the Company's construction also resulted in higher taxes and fees than originally estimated by staff, so an increased rebate cap from $150,000 to $254,000 would allow the intent of the 50% rebates to be captured; and WHEREAS, the City Council finds the execution of this First Amendment to extend the completion date and the period for building permit rebates and use tax rebates on construction materials as well as the increased rebate cap 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: Section 1. Section 1 of the Agreement is hereby revised to read as follows (words to be deleted Str ; words to be added underlined): 1. Building Permit Fee Rebates. The City shall rebate to the Company 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 for the Project, for the period Page 1 of 3