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BUSINESS ASSISTANCE AGREEMENT FOR SOUTH STREET MARKET LLC IN THE CITY OF LOUISVILLE 16th THIS AGREEMENT ("Agreement") is made and entered into as of the day of March , 2021, between the CITY OF LOUISVILLE, a Colorado home rule municipal corporation (the "City"), and SOUTH STREET MARKET LLC (the "Company"), a Colorado limited liability company. WHEREAS, the City wishes to provide certain business assistance in connection with the Company's new business opening (the "Project"), which is in process for a property in Downtown Louisville, Colorado; and WHEREAS, the Company will occupy 2,099 square feet of the new development at 824 South Street (the "Project Location") with a neighborhood market serving grab -and -go food; and WHEREAS, the Company will draw new customers to the Downtown and create new sales tax revenue for the City; and WHEREAS, the Company is creating new basic jobs within the City of Louisville through retail diversity; 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: 1. 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 Rebates; Cap; Inspection. The maximum amount of the rebates payable pursuant to Section 3 above shall terminate when the Company has received from the City the last rebate payment under this Agreement for five-year rebate period or when the Company has received forty Page 1 of 5