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Awardee to retain all of the $2 ,000,000 of the first Closing Fund Award which remains subject to <br /> sanction under this Amendment. The Award and Performance Conditions contained herein are <br /> subject to sanctions for non-performance as provided in this agreement. <br /> ( 1 ) Retain at least 600 full-time equivalent jobs at the Vero Beach, <br /> Indian River County, Florida facility, and provide documentation of these jobs reasonably <br /> acceptable to County. These full-time equivalent jobs shall be retained through December 31 , <br /> 2015 . <br /> (2) The Agreement required Closing Fund Awardee to make capital <br /> investments (including product development expenditures) in tooling, equipment, product <br /> development, and facility and infrastructure improvements at the Vero Beach facility since April <br /> 10, 2007, of a cumulative total of at least $45 million by December 31 , 2013 , and $65 million by <br /> December 31 , 2015 . The parties acknowledge that this investment requirement has been satisfied, <br /> inasmuch as Closing Fund Awardee has to date made capital investments (including product <br /> development expenditures) of approximately $97 million in tooling, equipment, product <br /> development, and facility and infrastructure improvements at the Vero Beach facility since April <br /> 10, 2007 . <br /> (3 ) Pay average annual wages for the jobs specified in Paragraph <br /> 5 . 0(b)( 1 ) of at least $46, 500, excluding benefits. <br /> (c) Extension Option, Closing Fund Awardee has already exhausted its <br /> extension options . No further extensions shall be allowed under this agreement. <br /> 4. Section 7.0 is hereby deleted and replaced by the following. <br /> 7 . 0 DUTIES OF THE CLOSING FUND AWARDEE : The Closing Fund Awardee <br /> agrees that to retain the $2 ,000,000 of the first Closing Fund Award which remains subject to <br /> 4 <br />