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• <br /> INDEPENDENCE COUNTY ECONOMIC DEVELOPMENT FOUNDATION,INC. <br /> 409 VINE <br /> BATESVILLE,ARKANSAS 72501 <br /> January 8, 2010 <br /> Mr. John Pastrana <br /> Vice President of Operations <br /> Townsends, Inc. <br /> 588 Ramsey Street <br /> • Batesville, Arkansas 72501 <br /> Re: Batesville Plant Expansion <br /> Dear Mr. Pastrana: <br /> This will confirm the commitment of the Independence County <br /> Economic Development Foundation, Inc. ("ICEDF"), subject to approval of <br /> the Quorum Court of Independence County, Arkansas, to assist Townsends, <br /> Inc., in its Batesville, Arkansas, plant expansion. The assistance to be <br /> provided will be in conjunction with the assistance to be provided by the <br /> Arkansas Economic Development Commission ("AEDC"), and should <br /> compliment that assistance on essentially the same terms as that requested <br /> by the AFDC. <br /> The ability of Independence County, acting through the ICEDF to <br /> provide assistance,is contingent upon your company creating 70 new, full- <br /> time positions over the next 24 months with the average wage of all <br /> permanent full time jobs at the facility, including new jobs, will equal or <br /> exceed $13.20 per hour with benefits and making an investment of <br /> $703,500.00. Independence County is prepared to invest $203,000.00 in <br /> • addition to the $500,000.00 which has been committee by the AEDC as set <br /> out in its letter of June 15, 2009. Independence County, acting through the <br /> ICEDF will also require the agreement of your company to the following <br /> clawback terms and conditions: <br />