Document:

Exhibit 10.4

 

[EMPLOYEE]

[ADDRESS]

 

[Grant Date: ____________]

 

COVANCE INC.

 

NON-QUALIFIED STOCK OPTION AWARD

 

20___ Employee Equity Participation Plan

 

NON-QUALIFIED STOCK OPTION AWARD granted by COVANCE INC., a Delaware Company (the “Company”), located at 210 Carnegie Center, Princeton, New Jersey 08540, to the “Employee”.

 

A.  WHEREAS, the Employee is now employed by the Company, or a corporation which is a “subsidiary corporation” of the Company, within the meaning of Section 424(f) of the Internal Revenue Code of 1986, as amended, modified or supplemented from time to time (the “Code”) or which is an entity in which the Company holds beneficially at least fifty percent (50%) of the ownership interest (each, “Subsidiary Company”), in an important executive, managerial or technical capacity.

 

B.  WHEREAS, the Company desires to have the Employee remain in the employment of the Company or a Subsidiary Company and to afford the Employee the opportunity to acquire, or enlarge the Employee’s stock ownership in the Company so that the Employee may have direct proprietary interest in the Company’s success;

 

NOW, THEREFORE, in consideration of the premises and of the mutual covenants and terms and conditions set forth below, the parties hereto agree as follows:

 

1.  Grant; Vesting. (a)  Subject to the terms and conditions of the 20__ Employee Equity Participation Plan (as such plan may be amended, modified or supplemented from time to time, the “Plan”) and the terms and conditions of this Award, the Company hereby grants to the Employee, from the date of this Award  (“Grant Date”), to the Expiration Date (Ten (10) years minus one day from Grant Date), provided, however, that if an Option (the “Option”) may not be exercised due to a Black-Out Period (defined as any period of time when, pursuant to any policies of the Company, any securities of the Company may not be traded by certain persons as designated by the Company) within the three business days prior to the normal expiration date of such Option, then the expiration date of such Option shall be extended for a period of 30 days following the end of the Black-Out Period, the option to purchase from the Company up to an aggregate of [Number] shares (the “Shares”) of the Company’s common stock, par value $.01 per share (“Common Stock”) at the exercise price of $_____ per share (the “Option Price”).  This Option is not an incentive stock option under Section 422 of the Code.

 

(b)  The Option shall vest and may be exercised, in whole or in part, as follows:

 

 

 

(i)                                     Commencing twelve (12) months after the Grant Date, one-third (1/3) of the aggregate Shares.

 

(ii)                                  Commencing twenty-four (24) months after the Grant Date, an additional one-third (1/3) of the aggregate Shares.

 

(iii)                               Commencing thirty-six (36) months after the Grant Date, an additional one-third (1/3) of the aggregate Shares.

 

2.  Exercise.  (a)  The Option shall be exercised by the Employee delivering to the Senior Vice President, Human Resources, or Covance’s designated administrator, (i) written notice specifying the numbers of Shares the Employee desires to purchase, and (ii) the Option Price of the Shares being exercised and the amount of any applicable federal and state withholding taxes (the “Purchase Price”).  The Purchase Price shall be payable in (A) cash, (B) a certified check payable to the Company or (C) shares of Common Stock owned for at least six months by the Employee with a Current Market Value (as defined below) equal to the Purchase Price duly endorsed or accompanied by stock power executed in blank.  Current Market Value shall mean the closing selling price of Common Stock on the date of exercise as reported by the New York Stock Exchange.  In no event will the Employee receive or be entitled to an additional or “reload” stock option by virtue of exercise of the Option.

 

(b)  Within fifteen (15) business days after any exercise of the Option, in whole or in part, by the Employee, the Company shall instruct the transfer agent to issue to the Employee the number of shares with respect to which the Option shall be so exercised.

 

3.  Termination.  The Option, whether vested or unvested, shall terminate and be of no further force or effect in accordance with the following provisions:

 

(a)           Expiration.  The occurrence of the Expiration Date.

 

(b)                                 Normal or Early Retirement With the Consent of the Company.  If the Employee’s employment shall terminate on account of normal retirement or early retirement with the consent of the Company, the Options granted to such Employee shall become immediately vested and may be exercised by such Employee at any time during the remaining life of the Option.  At the end of such period, the unexercised portion of the Option shall expire.

 

(c)                                  Early Retirement Without Consent, Voluntary Termination or Termination for Performance.  If the Employee shall retire early without the consent of the Company, voluntarily leave the employ of the Company or if the Employee’s employment shall be terminated for performance, the portion of the Option which had vested prior to such retirement or termination may be exercised for 90 days following such retirement or termination to the extent exercisable at the date of such retirement or termination, and the portion of the Option which had not vested prior to such retirement or termination shall terminate immediately upon such retirement or termination.

 

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(d)                                 Death.  If the Optionee shall die while employed, the Option granted to such Employee shall become immediately vested and may be exercised by the Optionee’s duly appointed legal representative for one year following such death. At the end of such period, the unexercised portion of the Option shall expire.

 

(e)                                  Disability.  If the Employee’s employment shall terminate as a result of disability (as defined in Section 22(e) (3) of the Code), the Options granted to such Employee shall become immediately vested and may be exercised by such Employee for one year after such termination of employment.  At the end of such period, the unexercised portion of the Option shall expire.

 

(f)                                    Divestiture, etc.  If the Employee’s employment is terminated due to a reduction in force or divestiture or discontinuance of certain of the Company’s operations, the portion of the Option which had vested prior to such termination may be exercised for one year after such termination of employment, and shall terminate thereafter.

 

(g)                                 Dereliction of Duties or Harmful Acts. If the Employee shall cause the Company to suffer financial harm or damage to its reputation (either before or after termination of employment) through (i) dishonesty, (ii) material violation of the Company’s standards of ethics or conduct, or (iii) material deviation from the duties owed the Company by the Employee, this Option shall terminate and be of no further force or effect.

 

(h)                                 Transfers. If the Employee shall be transferred from the Company to a Subsidiary Company, or from a Subsidiary Company to the Company, or from a Subsidiary Company to another Subsidiary Company, his or her employment shall not be deemed to be terminated by reason of such transfer.  The portion of the Option that had already vested may be exercised for one year after the date on which a Subsidiary Company in which the Employee is employed shall cease to be a Subsidiary Company and the Employee is not thereupon transferred to and employed by the Company or another Subsidiary Company, and shall terminate thereafter.

 

4. Construction.  Whenever the word “Employee” is used in any provision of this document  under circumstances where the provision should logically be construed to apply to the estate, personal representative, or beneficiary to whom this Option may be transferred by Will, by the laws of descent and distribution, or a qualified domestic relations order pursuant to the Code or Title I of the Employment Retirement Income Security Act of 1974, as amended, modified or supplemented from time to time (“ERISA”), it shall be deemed to include such person.

 

5.  Restrictions on Transfer.  The Option is not transferable by the Employee otherwise than by Will, the laws of descent and distribution, or a qualified domestic relations order pursuant to the Code or Title I of ERISA.  During the Optionee’s lifetime, the Option shall be exercisable only by the Employee  and any shares purchased upon the exercise of the Option shall be issued in the name of the Employee alone.  No assignment or transfer of the Option, or of the rights represented thereby, whether voluntary or involuntary, by operation of law or

 

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otherwise, (except by Will, the laws of descent and distribution, or a qualified  domestic relations order pursuant to the Code or Title I of ERISA), shall vest in the assignee or transferee any interest or right herein to the Option whatsoever.  Further, immediately upon any attempt to assign or transfer the Option, the Option shall terminate and be of no further force or effect.

 

6.  Rights.  The Employee shall not be deemed, for any purpose, to be a stockholder of the Company with respect to any Shares underlying the Option which shall not have been exercised and payment and issue made as provided in this document.

 

7.  Powers.  The existence of this Option shall not affect in any way the right or power of the Company or its stockholders to make or authorize any or all adjustments, recapitalization, reorganizations or other changes in the Company’s capital structure or its business, or any merger or consolidation of the Company, or any issue of bonds, debentures, preferred or prior preference stocks ahead of or affecting the Common Stock or the rights thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

 

8.  Adjustments; Recapitalization.  The Shares subject to the Option are shares of the Common Stock of the Company as constituted on the date of this Award , but if and whenever, prior to the delivery by the Company of the Shares subject to the Option, the Company shall effect a subdivision or consolidation of shares, or other capital adjustment, or the payment of a stock dividend, or other increase or reduction of the number of shares of Common Stock outstanding, without receiving compensation therefor in money, services or property, then (a) in the event of any increase in the number of such shares outstanding, the number of Shares then remaining subject to the Option shall be proportionately increased, and the cash consideration payable per share shall be proportionately reduced, and (b) in the event of a reduction in the number of shares outstanding, the number of Shares of then remaining subject to the Option shall be proportionately reduced, and the cash consideration payable per share shall be proportionately increased.  There shall be no adjustment to the Option with respect to the payment of cash dividends to the Company’s stockholders.

 

9.  Change of Control.  All Options which have not vested as of the date of a Change of Control (as defined below) occurs, shall vest and be immediately exercisable by Employee upon a Change of Control.  For purposes of this Award, a Change of Control shall be defined as:

 

(1)                                  any person (including as such term is used in Section 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended) becomes the beneficial owner, directly or indirectly, of securities representing 30% or more of the combined voting power of the Company’s then outstanding securities; or

 

(2)                                  as a result of a proxy contest or contests or other forms of contested shareholder votes (in each case either individually or in the aggregate), a majority of the individuals elected to serve on the Company’s Board of Directors are different than the individuals who served on the Company’s Board of Directors at any time within the two years prior to such proxy contest or contests or other forms of contested shareholder votes (in each case either individually or in the aggregate); or

 

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(3)                                  upon consummation of a merger or consolidation (where in each case the Company is not the survivor thereof), or sale or disposition of all or substantially all of the Company’s assets, or a plan of partial or complete liquidation; or

 

(4)                                  where an offerer (other than the Company) purchases shares of the Company’s Common Stock pursuant to a tender or exchange offer for securities representing 30% or more of the combined voting power of the Company’s then outstanding securities.

 

10.  Changes in Law.   Notwithstanding anything in the terms and conditions of this Award to the contrary, if at any time from the Grant Date to the Expiration Date, any law or regulations of any governmental authority having jurisdiction in the premises shall require either the Company or the Employee to take any action in connection with the Shares then to be issued, the issue of such Shares shall be deferred until such action shall have been taken.

 

11.  Dispute.  Any dispute or disagreement which shall arise under, or as a result of, or pursuant to, this Award shall be finally determined by the Company’s Compensation Committee of the Board of Directors in its absolute and uncontrolled discretion, and any such determination or any other determination by the Company’s Compensation Committee of the Board of Directors under or pursuant to this Award and any interpretation by the Company’s Compensation Committee of the Board of Directors of the terms of this Award, shall be final, binding and conclusive on all persons affected thereby.

 

12.  Securities Law Restrictions.  The Employee represents and warrants that he or she is acquiring this Option, and, in the event this Option is exercised, the Shares, for investment, for his or her own account and not with a view to the distribution thereof, and that the Employee has no present intention of disposing of this Option or the Shares or any interest therein or sharing ownership thereof with any other person or entity.  The Employee shall not sell, pledge or transfer the Shares except pursuant to an effective registration statement under the Securities Act of 1933, as amended.

 

13.  Data Authorization.  The Employee acknowledges and consents to the collection, use, processing and transfer of personal data as described in this paragraph.  The Company, its subsidiaries and the Employee’s employer hold certain personal information about the Employee, including the Employee’s name, home address and telephone number, date of birth, social security number or other employee identification number, salary, nationality, job title, any shares of stock or directorships held in the Company, details of all options or any other entitlement to shares of stock awarded, canceled, purchased, vested, unvested or outstanding in the Employee’s favor, for the purpose of managing and administering the Plan (“Data”).  The Company and/or its subsidiaries will transfer Data amongst themselves as necessary for the purpose of implementation, administration and management of the Employee’s participation in the Plan, and the Company and/or any of its subsidiaries may each further transfer Data to any third parties assisting the Company in the implementation, administration and management of the Plan.  These recipients may be located in the European Economic Area, the United States, or elsewhere.  The Employee authorizes them to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing the Employee’s participation in the Plan, including any requisite transfer of such Data as may be required for the administration of the Plan and/or the subsequent holding of shares of stock on 

 

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the Employee’s behalf to a broker or other third party with whom the Employee may elect to deposit any shares of stock acquired pursuant to the Plan.  The Employee may, at any time, review Data, require any necessary amendments to it or withdraw the consents herein in writing by contacting the Company; however, withdrawing consent may affect the Employee’s ability to participate in the Plan.

 

14.  Discretionary Nature of Plan.  The Employee acknowledges and agrees that the Plan is discretionary in nature and may be amended, cancelled, or terminated by the Company, in its sole discretion, at any time.  The grant of stock options under the Plan is a one-time benefit and does not create any contractual or other right to receive a grant of stock options or benefits in lieu of stock options in the future.  Future grants of stock options, if any, will be at the sole discretion of the Company, including, but not limited to, the timing of any grant, the number of stock options, vesting provisions, and the exercise price.

 

15.  No Effect on Employment.  This Award does not give, nor shall it be construed as giving, the Employee any right to employment by the Company or any of its subsidiaries or affiliates.

 

16.  Governing Law;  Binding Effect.  THIS AWARD SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW JERSEY (WITHOUT REGARD TO THE CONFLICT OF LAW PROVISIONS THEREOF) AND ALL QUESTIONS CONCERNING THE VALIDITY AND CONSTRUCTION THEREOF SHALL BE GOVERNED IN ACCORDANCE WITH THE LAWS OF SAID STATE; PROVIDED, HOWEVER, THAT ALL MATTERS OF CORPORATE GOVERNANCE AND OTHER CORPORATE MATTERS CONCERNING DELAWARE CORPORATIONS SHALL BE GOVERNED BY THE DELAWARE GENERAL CORPORATION LAW. Except as otherwise expressly provided herein, this Award  shall be binding upon and inure to the benefit of the parties hereto, their legal representatives, successors and assigns.

 

17.  Effect on Compensation. Notwithstanding anything in these terms and conditions  to the contrary, none of the Options or the Shares subject to the Options, if any, granted or paid to Employee shall be considered compensation for the purpose of determining Employee’s compensation under any other benefit or compensation plan of the Company, including, without limitation, any bonus plan, variable compensation plan, long-term incentive plan, pension plan or other retirement plans.

 

18.  Plan Document.  This Award is subject in all respects to the terms and conditions of the Plan, a copy of which may be obtained from the Company’s Vice President, Human Resources, 210 Carnegie Center, Princeton, New Jersey 08540.  To the extent that there is any inconsistency or conflict between these terms and conditions and the Plan, the Plan shall control.

 

6Exhibit 10.36

 

NORTH CAROLINA

 

NASH COUNTY

 

AMENDMENT TO INDUCEMENT AGREEMENT

 

AMENDMENT TO INDUCEMENT AGREEMENT dated as of March 1, 2010 (the “Amendment”),  by and among THE CAROLINAS GATEWAY PARTNERSHIP, INC., a North Carolina non-profit corporation (the “Partnership”); NASH COUNTY, a body politic of the State of North Carolina (the “County”);  the CITY OF ROCKY MOUNT, NORTH CAROLINA, a North Carolina municipal corporation (the “City”); NASH COUNTY BUSINESS DEVELOPMENT AUTHORITY, a North Carolina non-profit corporation (the “Authority”);  and THE CHEESECAKE FACTORY BAKERY INCORPORATED, a California corporation (the “Company”).

 

WITNESSETH

 

WHEREAS, the Partnership, the County, the City, the Authority and the Company entered into the Inducement Agreement, effective as of the 27th day of July 2005 (the “Agreement”)  under which the Partnership and the County, identified in the Agreement as the Inducing Parties, and the City and the Authority committed to provide certain cash and other incentives to the Company in consideration of which the Company agreed to acquire the Facility as defined in the Agreement and establish and maintain therein a manufacturing and distribution facility, and make new capital expenditures for the acquisition, expansion, improvement, upfitting and equipping of the Facility totaling an aggregate of at least $12,000,000 by December 31, 2008 and at least $17,000,000 by December 31, 2012 (referred to in the Agreement as “Targeted Expenditures”) and to employ 300 permanent full-time employees by December 31,

 

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2010 and 500 permanent full-time employees by December 31, 2012, all as further described in the Agreement;

 

WHEREAS, the Company has accepted the conveyance of the Shell Building No. IV and related land, built out and equipped the Facility as a commercial bakery and warehousing and distribution facility, satisfied the Targeted Expenditures and employed 252 full-time employees in the Facility as of the date first above written;

 

WHEREAS, the long, deep and persistent recession adversely affecting regional, national and global economies has adversely impacted the pace at which the Company has been, and for the foreseeable future will be, able to open new restaurants or grow its other lines of business as previously forecasted and will prevent the Company from being able to employ 300 persons in permanent full-time jobs by December 31, 2010 or 500 persons in permanent full-time jobs by December 31, 2012; and

 

WHEREAS, as a consequence of the severally adverse financial conditions, the Company has requested the Inducing Parties, the City and the Authority to agree to amend the Agreement in the respects set out below.

 

NOW, THEREFORE, THE PARTIES HERETO DO HEREBY AGREE AS FOLLOWS:

 

1.             Defined terms used herein shall have the meanings given to them in the Agreement.

 

2.             The unnumbered paragraph following Paragraph 1c. of the Agreement shall be and hereby is amended and restated in its entirety as follows:

 

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In addition to the Initial County Cash Inducement, the County shall pay the Company an annual cash inducement of $10,000 for four (4) years on July 1 in each year beginning July 1, 2006 and continuing through July 1, 2009 (the “Annual County Cash Inducements”); provided, however, that the County shall have no obligation to pay any Annual County Cash Inducement on any payment date if the Company has not satisfied all of its obligations to be performed hereunder as of such date. If the Company shall not have satisfied its obligations hereunder as of any payment date but shall satisfy all obligations of the Company to have been satisfied as of a subsequent payment date, all unpaid Annual County Cash Inducements which would have been paid as of such date shall be paid. No Annual County Cash Inducement shall be paid after July 1, 2009.

 

3.     Paragraph 2 of the Agreement shall be and hereby is amended and restated in its entirety as follows:

 

From the date of this Agreement through December 31, 2014 (the “Certification Period”), Company shall establish and at all times maintain a manufacturing/distribution operation in the Facility, and Company shall make new capital expenditures for the acquisition, expansion, improvement, upfitting and equipping of the Facility totaling an aggregate of at least $12,000,000.00 by December 31, 2008 and of at least $22,500,000 by December 31, 2012 (the “Target Expenditures”). Target Expenditures shall include only those capital expenditures made at the Facility by Company. Also, by December 31, 2012, the Company will employ and maintain in employment at least 300 permanent full-time employees not less than 40% of whom shall be paid an average wage that

 

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equals or exceeds the hereinafter defined Specified Average Wage, and by the end of the Certification Period on December 31, 2014, Company will employ and maintain in employment at least 500 such permanent full-time employees not less than 40% of whom shall be paid an average wage that equals or exceeds the hereinafter defined Specified Average Wage (the “Target Employment”).  Target Employment shall include only those jobs created by Company which arise from or relate to the manufacturing/distribution operations in the Facility. Further, Company shall endeavor to offer at least twenty-five percent (25%) of the newly-created jobs to persons, who, to the best of Company’s ability to determine within the constraints of laws, qualify as low or moderate income persons or to females, minorities or other legally protected class members, as those terms were previously defined. For purposes of this agreement, “capital expenditures” shall be such expenditures as are treated as capital expenditures according to generally accepted accounting principles and which shall be subject to ad valorem taxes by the County; “permanent full-time employees” shall mean permanent full-time employees at the Facility for the manufacturing/distribution operation; “Specified Average Wage” shall mean the average weekly wage for covered employees as defined by the Employment Security Commission in Nash County, North Carolina (or its successor) based on the latest available annualized data for employees in the Company’s NAICS classification; “Facility” shall mean the Facility described on Exhibit A or any replacement facilities in Nash County, North Carolina approved by the Inducing Parties; and the “average weekly wage” for the Company’s employees shall be derived from adding all wages, salaries and

 

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benefits of all hourly and salaried employees, and dividing that number by total employment, with the salary, wages and benefits for each employee to include basic hourly wage or salary, plus overtime pay, benefits and bonuses.

 

4.     Paragraph 3 of the Agreement shall be and hereby is amended and restated in its entirety as follows:

 

Company shall furnish to the Partnership and County on January 31, 2009, a written certification as to Company’s actual capital expenditures made through December 31, 2008, in whole or in part on the Facility. If Company shall fail to meet the incremental goals for Target Expenditures as of December 31, 2008, Company shall pay the Inducing Parties the sum of $250,000.00 (the “Interim Expenditures Repayment Amount”).  Company shall furnish to the Partnership and County on January 31, 2013, a written certification as to Company’s actual employment through December 31, 2012, in whole or in part on the Facility. If Company shall fail to meet the incremental goals for Target Employment as of December 31, 2012, Company shall pay the Inducing Parties the sum of $250,000.00 (the “Interim Employment Repayment Amount”).

 

To determine whether Company has satisfied its full obligations hereunder, Company shall furnish to the Partnership and County on January 31, 2015, a written certification as to Company’s actual capital expenditures during the Certification Period made in whole or in part on the Facility, and as to Company’s maximum employment figure of permanent, full-time employees arising from or related to its manufacturing/distribution operations in the Facility

 

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at the Specified Average Wage, all as set forth herein. In addition, Company shall further certify to the Partnership and County that it has continuously operated a manufacturing/distribution business in the Facility at all times since initiation of operations in the Facility following the execution and delivery hereof. Company shall not be required to certify to the Partnership or County actual capital expenditures or employment figures above Target Expenditures or Target Employment. If at the conclusion of the Certification Period, Company has attained the Target Expenditures and attained and maintained the Target Employment and maintained its manufacturing/distribution operations in the Facility at all times since the execution hereof and Company certifies such to the Partnership at the end of the Certification Period, the Company shall be entitled to retain the Inducements paid and the Inducing Parties shall repay to the Company the Interim Expenditures Repayment Amount and Interim Employment Repayment Amount paid by the Company to the Inducing Parties. Subject to the following proviso, if at the conclusion of the Certification Period, Company has failed to reach the Target Expenditures or to reach and maintain Target Employment or to continuously maintain a manufacturing/distribution operation in the Facility, the Company shall repay the filll amount of the Inducements paid to the Company to the Inducing Parties without demand. However, if at the conclusion of the Certification Period, Company has at all times maintained a manufacturing/distribution operation in the Facility and Company has achieved any portion less than one hundred percent (100%) of Target Expenditures or Target Employment, then the repayment shall be the same percentage of the total

 

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Inducements of $2,450,000.00 as the larger percentage of Company’s unfulfilled obligations as measured by comparing the ratios of (i) actual capital expenditures to the Target Expenditures and (ii) actual permanent, full-time employment to the Target Employment. Any repayments made pursuant to the terms of this Paragraph 3 shall be without interest prior to its due date and shall represent the Inducing Parties’ sole and exclusive remedy hereunder. The certification to be furnished by Company hereunder shall be signed and verified by an officer of Company and by an independent certified public accounting firm.

 

5.     Except as herein amended the Agreement is hereby ratified and affirmed and shall continue in full force and effect.

 

[remainder of page intentionally left blank]

 

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IN WITNESS WHEREOF, the parties have hereunto affixed their hands to multiple counterpart originals which collectively shall constitute a single instrument effective as of the day and year first written above.

 

 

	
 
    	
THE CAROLINAS GATEWAY PARTNERSHIP, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
BY:
    	
/s/ John Gessaman
    
	
ATTEST:
    	
 
    	
President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Secretary
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
(CORPORATE SEAL)
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
NASH COUNTY
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
BY:
    	
/s/ Robbie B. Davis
    
	
 
    	
 
    	
Chairman of Commissioners
    
	
ATTEST:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
/s/ Wayne Moore
    	
 
    	
 
    
	
Nash Clerk
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
(CORPORATE SEAL)
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
THE CHEESECAKE FACTORY BAKERY INCORPORATED
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
BY:
    	
/s/ Max Byfuglin
    
	
ATTEST:
    	
 
    	
President
    
	
 
    	
 
    	
 
    
	
/s/ Debby Zurzolo
    	
 
    	
 
    
	
Secretary
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
(CORPORATE SEAL)
    	
 
    	
 
    

 

8

 

	
 
    	
NASH COUNTY BUSINESS DEVELOPMENT AUTHORITY
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
BY:
    	
 
    
	
ATTEST:
    	
 
    	
President
    
	
 
    	
 
    	
 
    
	
Secretary
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
(CORPORATE SEAL)
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
THE CITY OF ROCKY MOUNT, NORTH CAROLINA
    	
 

	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 

	
 
    	
BY:
    	
/s/ David W. Combs
    	
 

	
ATTEST:
    	
 
    	
Mayor
    	
 

	
/s/ Jean M. Bailey
    	
 
    	
 
    	
 
    	
 

	
City Clerk
    	
 
    	
 
    	
 
    	
 

	
 
    	
 
    	
 
    	
 
    	
 

	
(CORPORATE SEAL)
    	
 
    	
 
    	
 
    	
 

						

 

 

STATE OF CALIFORNIA

 

COUNTY OF LOS ANGELES

 

I,                                                , a Notary Public of the State and County aforesaid, certify that                                              personally came before me this day and acknowledged that          he is President of THE CHEESECAKE FACTORY BAKERY INCORPORATED, a                                                 corporation, and that by authority duly given and as the act of the corporation, the foregoing instrument was  signed in its name by its                                        President, sealed with its corporate seal, and attested by                                       self as its                                       Secretary.

 

Witness my hand and official stamp or seal, this            day of                                             , 2010.

 

	
 
    	
 
    	
please see attached
    
	
 
    	
 
    	
Notary Public
    
	
 
    	
 
    	
 
    
	
My commission expires:
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
(NOTARY SEAL)
    	
 
    	
 
    
				

 

9

 

	
State of California
    	
)
    	
 
    
	
 
    	
)ss.
    	
 
    
	
County of Los Angeles
    	
)
    	
 
    

 

 

On December 20, 2010, before me, AsaIly Adib-Samadian, Notary Public, personally appeared Max Byfuglin who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity and that by his signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument.

 

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

 

 

	
 
    	
 
    	
Witness my hand and official seal.
    
	

    	
ASALLY ADIB-SAMADIAN
    	
 
    	
 
    
	
Commission # 1904060
    	
 
    	
 
    
	
Notary Public - California
    	
 
    	
 
    
	
Los Angeles County
    	
 
    	
 
    
	
My Comm Expires Oct 12, 2014
    	
 
    	
/s/ Asally Adib-Samadian
    
	
 
    	
 
    	
Notary Public
    
	
 
    	
 
    	
 
    
	
(Seal above)
    	
 
    	
 
    

 

 

STATE OF NORTH CAROLINA

 

COUNTY OF NASH

 

I, Marianne J. Taylor, a Notary Public of the State and County aforesaid, certify that John Gessaman personally came before me this day and acknowledged that       he is President of THE CAROLINAS GATEWAY PARTNERSHIP, INC., a North Carolina non-profit corporation, and that by authority duly given and as the act of the corporation, the foregoing instrument was signed in its name by its                        President, sealed with its corporate seal, and attested by              self as its                    Secretary.

 

Witness my hand and official stamp or seal, this 9th-day of November, 2010.

 

	
 
    	
 
    	
/s/ Marianne J. Taylor
    
	
 
    	
 
    	
Notary Public
    

 

	
My commission expires:
    	
3-31-2014
    	
 
    	
 
    
	
 
    	
Marianne J. Taylor
    	
 
    	
 
    
	
 
    	
Notary Public
    	
 
    	
 
    
	
(NOTARY SEAL)
    	
Edgecombe   County, NC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
STATE OF NORTH CAROLINA
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
COUNTY OF NASH
    	
 
    	
 
    	
 
    
					

 

I, Janice Evans, a Notary Public of the State and County aforesaid, certify that Wayne Moore  personally came before me this day and acknowledged that        he is                           Clerk of the Board of Commissioners of NASH COUNTY, a body politic of the state of North Carolina, and that by authority duly given and as the act of the said Nash County, the foregoing instrument was signed in its name by the Chairman of its Board of Commissioners, sealed with its corporate seal, and attested by himself as its                       Clerk.

 

Witness my hand and official stamp or seal, this 2nd day of November, 2010.

 

	
 
    	
 
    	
/s/ Janice Evans
    
	
 
    	
 
    	
Notary Public
    

 

	
My commission expires:
    	
9-18-2015
    	
 
    

 

(NOTARY SEAL)

 

JANICE EVANS

NOTARY PUBLIC

HALIFAX COUNTY, N.C.

 

 

10

 

STATE OF NORTH CAROLINA

 

COUNTY OF                                  

 

I,                                                                      , a Notary Public of the State and County aforesaid, certify that                                      personally came before me this day and acknowledged that he is                                     Secretary of NASH COUNTY BUSINESS DEVELOPMENT AUTHORITY, a North Carolina non-profit corporation, and that by authority duly given and as the act of the corporation, the foregoing instrument was signed in its  name by its                                                 President, sealed with its corporate seal, and attested by                                         self as its                                                                 Secretary.

 

Witness my hand and official stamp or seal, this                           day of                                , 2010.

 

	
 
    	
 
    	
 
    
	
 
    	
 
    	
Notary Public
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
My commission expires:
    	
 
    	
 
    	
 
    
				

 

(NOTARY SEAL)

 

STATE OF NORTH CAROLINA

 

COUNTY OF NASH

 

I, Pamela O. Casey, a Notary Public of the State and County aforesaid, certify that Jean M. Bailey personally came before me this day and acknowledged that she is City Clerk of CITY OF ROCKY MOUNT, NORTH CAROLINA, a North Carolina municipal corporation, and that by authority duly given and as the act of the said City, the foregoing instrument was signed in its name by the Mayor, sealed with its corporate seal, and attested by herself as its City Clerk.

 

Witness my hand and official stamp or seal, this 9th day of November, 2010.

 

	
 
    	
 
    	
/s/ Pamela O. Casey
    
	
 
    	
 
    	
Notary Public
    
	
 
    	
 
    	
 
    
	
My commission expires:
    	
1-31-2015
    	
 
    	
 
    
				

 

(NOTARY SEAL)

 

PAMELA O. CASEY

NOTARY PUBLIC

NASH COUNTY, NC

 

11

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