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-3- <br />and the consummation of the transactiorsprovided for here- <br />in and contemplated hereunder, including the preparation of <br />proceedings for, and the issuance, sale or delivery of, the <br />Bonds. <br />(d) The Company will promptly advise the Issuer in <br />writing, with a copy to Bond Counsel, if either the scope <br />or nature of the Project as described im Exhibit A hereto <br />changes in any respect or the maximum aggregate face amount <br />of the Bonds to be issued will exceed that stated herein. <br />(e) If, in addition to the number of employees employed <br />at the Project as of the execution date hereof, the Company <br />has not hired fifteen (15) additional employees within one <br />(1) year following the issue date of the Bonds, the Company <br />agrees to pay to Mayfield Village the sum of Five Hundred <br />Dollars ($500.00) for each person less than fifteen (15) <br />not hired. Said payments shall continue to the Village each <br />and every year on the anniversary date of the bond issuance <br />for such time as the Company has failed to hire the fifteen <br />(15) additional employees or until the bonds have been <br />redeemed, whichever first occurs. All sums paid pursuant to <br />this provision shall be placed in a special account to be <br />used for the benefit of the Beta Drive area. <br />IN WITNESS WHEREOF, the Issuer, pursuant to an ordinance duly passed <br />by its Council on October 10, 1983 has caused this Agreement to be executed by <br />its Mayor, and the Company has caused it to be executed, all as of the day and <br />year first above written. <br />CONERGICS CORP. <br />BY: <br />VILLAGE OF MAYFIELD, OHIO <br />BX: <br />Mayor <br />(Title) BY: <br />Finance Director