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~, Tax Exemption Agreement page 3 City of North Olmsted - YIRS, Ltd. North Olmsted Industrial Park 7. The estimated value of the payroll for the employees referred to in paragraph 6 above is $2,400,000.00-$2,500,000.00 for the first year following completion of construction, and $2,900,000.00-$3,000,000.00 for the years following thereafter. 8. The number of employee positions, if any, at the property and at any other location in this state at the time the agreement is executed, itemized as to the number of full-time, part-time, permanent, and temporary positions, are listed in Exhibit C, which is attached hereto and incorporated herein by reference. 9. The real property which is to be exempted from taxation under this Agreement is identified and legally described in Exhibit D, which is attached hereto and incorporated herein by reference. 10. The real property described said Exhibit D shall be exempted from taxation according to the following percentage and for the following period: thirty-five percent (35%) for ten (10) years. The exemption commences the first year for which the real property would first be taxable were that property not exempted from taxation. No exemption shall commence after January 1, 2000, nor extend beyond December 31, 2010. 11. The Company shall pay such real property taxes as are not exempted under this Agreement and are charged against such property and shall file all tax reports and returns as required by law. If the Company fails to pay such taxes or file such returns and reports, exemptions from taxation under this Agreement are rescinded beginning with the year for which such taxes are charged or such reports or returns are required to be filed and thereafter. 12. The Company hereby certifies that at the time this Agreement is executed, the Company does not owe any delinquent real or tangible personal property taxes to any taxing authority of the State of Ohio, and does not owe delinquent taxes for which the Company is liable under Chapter 5733., 5735., 5739., 5741., 5743., 5747., or 5753. of the Ohio Revised Code, or, if such delinquent taxes are owed, the Company is currently paying the delinquent taxes pursuant to an undertaking enforceable by the State of Ohio or an agent or instrumentality thereof, has filed a petition in bankruptcy under 11 U.S.C.A. 101, et seq., or such a petition has been filed against the Company. For the purposes of this certification, delinquent taxes are taxes that remain unpaid on the latest day prescribed for payment without penalty under the chapter of the Revised Code governing payment of those taxes.