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INDIAN RIVER COUNTY JOBS GRANT AGREEMENT <br />THIS AGREEMENT is made on the 20th day of April, 2004 by and between Indian River <br />County, a political subdivision of the State of Florida, by and through its Board of Commissioners, <br />hereinafter referred to as the COUNTY, and Aero Shade Technologies, a corporation authorized to <br />do business in the State of Florida, hereinafter referred to as the COMPANY, whose Federal I.D. is <br />65-091675. <br />WITNESSETH: <br />WHEREAS, it is the policy of the COUNTY to stimulate economic growth in Indian River <br />County, by either attracting new businesses to Indian River County or by encouraging the expansion <br />of existing businesses within Indian River County; and <br />WHEREAS, the creation of new employment opportunities for residents of Indian River <br />County and the increased tax revenues resulting from such business expansion or relocation within <br />Indian River County is beneficial to the local economy; and <br />WHEREAS, the COUNTY has determined that offering a Jobs Grant Program encourages <br />either businesses to expand within or new businesses to locate in Indian River County and thereby <br />creates new employment opportunities for the residents of Indian River County; and <br />WHEREAS, Indian River County, through its Board of County Commissioners, has created <br />a local Jobs Grant Program and Fund; and <br />WHEREAS, the COMPANY will relocate to Indian River County and expand its existing <br />business in Indian River County to create certain new employment opportunities at a certain average <br />annual salary level in Indian River County in accordance with the county's Jobs Grant Program <br />criteria; and <br />WHEREAS, the COMPANY has been determined to be eligible to receive a Jobs Grant by <br />the COUNTY; and <br />WHEREAS, the COMPANY acknowledges that this Agreement shall be based upon proven <br />performance of the requirements of these grant procedures; and, <br />WHEREAS, the COUNTY finds and declares that it is in the public interest to award a Jobs <br />Grant to the COMPANY pursuant to the terms of this Agreement. <br />NOW, THEREFORE, in consideration of the premises and mutual covenants hereinafter <br />`contained, the parties do agree as follows: <br />-I- <br />