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ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT This Economic Development Incentive Agreement ("Agreement") is entered into between Mayfield Village, Ohio, a chartered political subdivision of the State of Ohio having an address of 6622 Wilson Mills Road, Mayfield Village, Ohio 44143 (the "Village"), the Mayfield Community Improvement Corporation, an Ohio not-for-profit corporation established as an agency of the Village as permitted bylaw and having an address of 6621 Wilson Mills Road, Mayfield Village, Ohio 44143 ("MCIC"), and The Freedonia Group, Incorporated, an Ohio for- profit corporation having an address of 767 Beta Drive, Mayfield Village, Ohio 44143 ("Company"). The Village, MCIC, and the Company are collectively referred to as the "Parties." PRF.AMRT,F. WHEREAS, the promotion of economic development, including the retention of businesses operating in the Village, has been and continues to be a significant goal of the Village; and WHEREAS, to accomplish this goal, the Village and the MCIC have created an Economic Development Incentive Program ("Program"); and WHEREAS, the MCIC was first incorporated in December 1983, and continues in existence as an Ohio not-for-profit corporation, known as a community improvement corporation, under Title XVII, Chapters 1724 and 1702 of the Ohio Revised Code formed for the purpose of advancing, encouraging, and promoting the industrial, economic, commercial, and civic development of the Village; and WHEREAS, the MCIC acts as the designated agency and instrumentality of the Village for the purpose of industrial, commercial, distribution and research development in the Village pursuant to Ohio Revised Code Section 1724.10; and WHEREAS, the Company is a producer of market research publications widely used by many of the largest companies in the United States, and has been operating at 767 Beta Drive since 1998, and represents that it is unlikely to remain in the Village without any financial assistance from the Village; and WHEREAS, the Company represents that with the provision of financial assistance under this Agreement, it is more likely to remain in the Village and will expand into 15,000 square feet from their current 12,800, resulting in the retention of approximately 89 employees generating approximately $90,000.00 in annual income tax revenue for the Village; and WHEREAS, the Village and the MCIC enter into this Agreement with the Company based on the Company's representations concerning job retention and annual income tax revenue generated by the Company; and Page 1