Eehn W. 266 Smith Cellege St Suite 1596 Charlotte NC 28282 343~?822 283 2014 Richard A. Lindenmuth 10105 Old Warden Road Raleigh, NC 273615 Re: Addendum t0 Employment Agreement dated July 1, 2014 Deal: Eielc: As we have discussed, lhe Economic Develepment ?artnerehip OfNOI'l?ll Caroline (EDPNC), will be extending your eznpleymenl for an additional six months beginning Jeneery l, 2915 threngh June 30, 2815. The terms of the extension are subject to the provisions eenteined in your empleyment letter: agreement dated July I, 2014 will?; the fellewing Year poeitien will be initially designated at Special ijeei Conwltant at the same compensatien and bene?t terms contained in the letter agreement. 2. Extension ef employment beyond this six month period is at the discretion 0f EDFNC. 3. EDPNC is interested in cieveleping several prejeete, including Vet Jobs New, in collaboration with ether ei'ganizetinns and partners. [fthis or other pg'ejeete can be fennelized inte a munzelly acceptable separeze consulting arrangement, EDPN will agree to void illis extension in lieu of seen 3 consulting m'rangement. Please execute and return Se me an executed eepy of this letter to signify your acceptance of this extension Thank you. 31' I ?l of Directors reed and Elected, an member, Riehare eth Ce: Bob See This General Release and Agreement ("Agreement") is entered into this 3rd day of December, 2014- by and he?vcen Richard Lindenmuth (?Executive?), and the Development Partnership of North Carolina, Inc, a North Carclins company (the "Company"; WITNESSETH WREAS, Executive has success?zlly led and directed the formation, cz?ganizatics and establishinent of WHEREAS, Executive has successfully established and opened the Company headqua?et?s, hired staff, and managed the affails of the business as a unique start up with little precedent as guidance; WHEREAS, the is grateful for the tremendous hard work acct successful leadership providecf byExecctive; WHEREAS, EXecutive has agreed tc remain CEO cf the Ccmpany through December 3 l, 2014 in order to success?zlly complete the crgacizeticn?s leadership transition ts a new iceividcal and for Executive to make himself reasonably available to answer questions and provide information tc the Company even after his direct employment ends; WHEREAS, the parties desire tc- settle" fully, ?nally, and cm as con?dential a basis as permitted by the applicable law all matters between them arising, directly or indirectly, cut of Execstivc?s association and the Company amt its affiliates er the conclusion thereof, without any admission of liability; and WHEREAS, this Agreement provides Executive with sums of money and bene?ts to which he is not ctheI'wise entitled. NOW, THEREFORE, in ccnsidcratien cf the premises and tmztual contacted in this Agreement, including other valuable consideration to which Executive is not cthetwisc emitted, the receipt and sufficiency cf which is hereby it is agreed by the patties as fellows: 1. Termination cf Emelevment. Executive agrees that his employment with the Company will terminate on December 31, 2024 (?Separation Date?), and waives all rights to z?cemploymect er reinstatement from or after that date. Provided, however, .. . .. agreed spec and executed in advance cf the Sepssaiicn bate. 2. Ccnsidereticn. As a material inducement: to and in ccnsideratien for Executive cntet?isg intc this Agreement, the Company agrees as fellews: The Company shall pay Executive a one?time stay bonus payment of Thirty Thousand Dollars less applicable taxes and witliholtlings. (is) The Company shall continue to pay Executive the same salary and wages which he has been receiving from the Company cocci-ding to its standard payroll practices until the Separation Date. 3. Other Benefits. Executive's employment will be considereti terminated as of the Separation Date, and participation in the Company?s benefit plans shall cease as of that date-in accordance with the terms and conditions of each respective benefit; provided, however, that nothing herein shall be construed to diminish or otherwise effect Executive?s rights, if any, to continue medical and dental plan coverage pursuant to COBRA or any applicable law. 4. No Other Entitlements. Except for the compensation, monies, and bene?ts expressly set forth in this Agreemeot, Executive ackoowleclges that lie is not entitled to any other compensation, monies or bene?ts from the Company Released Parties (de?ned in Section 6 below), including inn: not limited to compensation for accrued vacation or other time off, bonuses, commissions, severance, retention, incentives, fees, payments, expenses, or other forms of compeiisetioo or bene?ts, or repayments of debts, and Executive hereby releases the Company Released Parties of and from any obligations to make any other payment or provide any other bene?t, and Executive waives all rights to said payments or benefits. This release and waiver shall not include any claims that Executive has or may have for zeimbm'semect of reasonable expenses, if any, inclined in the ordinary course of business prior to the Separation Date, (ii) for indemnification as provided by the Company?s by~laws sod/or applicable law, and (ill) for individual coverage under any Company insurance policy that may provide for such coverage, including without soy Directors and Of?cers liability insurance policy, all of which tights and claims are hereby expressly reserved, 5. Con?dentiality of Am'eement. Except with the other party's express prior written consent or as required by law, each party shall keep any iofot?matioo relating to discussions leading up to this Agreement, the terms of this Agreement, and the existence of this Agreement strictly con?dential, and shall not disclose this information to any person other than immediate family members and legal and ?nancial advisers who will agree to keep such matters confidential. If either petty is mocked by law to produce a copy of this Agreement or to make a disclosure oilier than as expressly ootecl herein, that petty shell give the other party prompt notice prior to such production or disclosure. However, the Company shall only be obligated to give price notice of production or disclosure pursuant to public records lows the ?rst time that this Agreement is released as a public record (and not every time the Agreement is relessecl as a public record), Both parties understood that the applicable law may require the Company to disclose this Agreement as a public record. in consideration of the promises and covenants set forth in tile Agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Executive, for himself and on behalf of his family members, hell's, representatives, administrators, executors, successors and assigns, hereby irrevocably and uncoaditlooally releases, aoqoits, and forever discharges Elie Company and its past, present and foiure divisions, parent companies, subsidiaries, affiliates, predecessors, successors and assigns, together with all past, present and future agents, shareholders, directors, of?cers, employees, omrers, employee benefit plans (together will} all plao administrators, trostees, ?duciaries and insurers), representatives and attoroeys of all such entities or persons and all persons acting by, though, under or concert with any of them, (hereioa?cr collectively referred to as the ?Company Released any and all complaints, claims, lawsuits, liabilities, obligations, or actions, of any salute whatsoever, known or unknown (hereinafter ?Claim? or "Claims?), which Executive now has, has had, or may hereafter claim to have had against each or any of the Corripauy Released Parties for losses, expenses, or damages of any kind (whether arising in tort, contract, by statute, or otherwise) resulting from or arising out of any matter, act, omission, cause or event whatsoever that occurred prior to Executive?s execution of this Agreement. Executive traderstaads that by signing this Agreement and accepting the consideration described herein,l1e is waiving any right to pursue any claim against any of the Company Released Parties in any state or federal court for back pay, front pay, severance pay, withholding from wages, liquidated damages, compensatory damages, punitive damages, or any other losses or other damages to Executive or his properly resulting from any claimed violation of local, state or federal law, including, but not limited to, claims arising under Title VII of the Civil Rights Act of 1964, as amended, the Age Discriminatioa in Employment Act of 1967, as amended, the Older" Worker Benefit Protection Act of l990, the Equal Pay Act, the Civil Rights Act of 199}, the Americans With Disabilities Act, the Employee Retirement income Security Act of 193ml, as amended, the Consolidated Omnibus Budget Reconciliation Act of? 1985, as amended, the Family and Medical Leave Act, as amended, the Worker Adjustment and Retraining Notification Act, the Fair Labor Standards Act, as amended, Uniformed Services Employers-11E and Reemploymeot Rights Act and claims Lieder any other federal, state and local laws. This Agreement does not, however, waive rights or claims that may arise after the date Executive signs it below, or those claims that are expressly reserved in Paragraphs 3 and 4 above. in consideration of the promises and covenants set forth in the Agreement, and other good and valuable consideration, the receipt and suf?ciency of which is hereby acknowledged, the Company, for itself and its past, present and future divisions, parent companies, subsidiaries, af?liates, predecessors, successors and assigns, together will} all past, present and ?lt?til'e agents, shareholders, directors, of?cers, employees, owners, employee benefit plans {together with all plan administrators, trustees, fiduciaries and insurers), representatives and attorneys of all sucl: entities or persons add all persons acting by, though, under or in concert with any of them, hereby irrevocably and unconditionally releases, acquits, and forever discharges Executive, his family members, heirs, representatives, administrators, executors, successors and assigns, (liereioalier collectively referred to as the ?Executive Released Parties?), from any and all complaints, claims, lawsuits, liabilities, obligations, or .. of. as}? .satllre,wholesaler, knows the Company now has, has had, or may hereafter claim to have had against each or any of the Executive Released Parties for losses, expenses, or damages of any kind (rehether arising in tort, contract, by statute, or otherwise) resulting from or arising out of any matter, act, omission, cause or event whatsoever that occurred prior to Executives execution of this Agreement. This Agreement does not, however, waive rights or claims that may arise after the date the 3 Company signs it beiow. The parties acknowledge that this motoai reiease appiies both to known and unknown eiaims that may exist betwoen Executive and the Company. The parties expressiy waive and retinquish rights and benefits which either may have under any state or federal statute or common law principle that wooid odierwise limit the effect of this Agreement to claims known or suspected prior to the date of execution of this Agreement, and do so understanding and aeknowiedgirag the and consequences of suoh speci?c waiver. Time, for the purpose of implementing a foil and eompiete release and discharge, the pa tti es expressiy acknowledge that this Agreement is intended to iltciude in its effect, without iimitation, Claims which are not known or suspected to exist at the time of execution hereof, and that this Agreement eootempietes the extinguisinrtetlt of any such Claim or Cieims, eseiusive of a eiaim for breach of this Agreement. The parties agree that, except to the extent such right may not be waived by law, neither patty will eommeoee any legs} action or lawsuit or otherwise assett any legai oiaim seeking reiief for any Cieim released or waived under the reiesse ofeisims provision above, and that neither party knowiogiy aiiow iswsuit to be brought on his or its behaif, whether individually or colieetiveiy, regarding any Ctsim. released herein;Notwithstanding the above, this ?agreement not to sue" does not, however, provost or prohibit Executive from seeking a judiciai determination of the validity of Executives release of claims under the Age Discrimination in Employment Act In addition, this ?agreement not to sue" does not prevent or prohibit Executive ?om ?tiog any administrative complaint or charge against the on Released Parties (or any of them) with any federsi, state, or agency, inetudiog, for instance, the US. Equal Employment Opportunity Commission or the 1.3.8. Department of Labor, or participating in any investigation or proceediog conducted byes}; such agency, or to otherwise engage in any protected activity. Bet, Executive understands and agrees that by signing this Agreement, Executive waives the right to recover monetsry damages or obtain individual reiief of any kind to seek proceeding. The parties represent that, as of the date of execution of this Agreement, neither has fiied with any agency or court soy eompiaints oriawsuit against any of the Reieased Parties. 8. Nondisoarsgement. In accordance with normal ethics and professions! standards, Executive and the Company will refrain ?out taking actions or making statemests, written or orai, which disosrsge or defame the or repetatioti of the other. 53. Return of Comostw Prooertjg. 011 or before December 31, 2814, Executive wit! romrn to the Company property of the Company, iooittdiog, withoth iimitation, reports, ?les, memorarzda, records, software, credit: cards, posses, door, ?le, vehieie disks and other property which have been provided for his use in connection with his employment or association with tite Company Reiessed Parties. 10. No Admission ofLiahilitv orWroosdoimz. This Agreement will not be used or construed by any person or entity as an admission of liability by either party, and this Agreement may not be offered or received in evidence is any action or as an admission of liability or wrongdoing on the part of any pail?y. ll. Cooperation. Executive agrees to reasonably cooperate with the Company Released Parties, at a mutually time and place, in assisting in the deforms. of any existing or future charges, claims, demands, complaints or lawsuits ?led against the Company Released Parties that involve facts or decisions in which he lied inputor knowledge. 12. Notice to Consult with an Attorney. Executive is advised by the Company that this Agreement affects import-ant rights and includes a release of any and all claims arising out of any alleged violations of Executive?s rights while employed or associated with the Company, including, but not limited to, any claims Executive may have under the Age Discriminatioo in Employment Act of 1967, as amended, 29 U.S.C. 621 ct seq. Because this Agreement affects important rights, Executive is advised to consult with an attorney prior to executing this Agreement. 13. Consideration Period. Executive is advised that he has iwenty~ooe (21) days from the date he receives this Agreement to fully review and consider whether or not he wishes to agree to all the terms and conditions of this Agreement and to advise the Company of the same. Executive may take as much of that time as he wishes before signing. In the event Executive executes this Agreement before iliat time, Executive certi?es, by such execution, that he knowingly and voluntarily waived the right to the fell Waitress (21) days, for reasons personal to him, with no pressure by any representatiVe of the Company Released Parties to do so. If Executive decides to scoop: the bene?ts offered herein, he must sign {his Agreement and "return if to John Lassiter, Chairman of the Board, before the expiration of the twenty~one (21) days. 14. Revocation. Executive is advised that should he sign this Agreement, accepting its terms and conditions, he will have a period of seven (7) days from the date of his acceptance to change his mind and revoke this Agreement. This Agreement will not become effective or enforceable until this seven day period has expired. if Executive decides to revoke this Agreement, then he should deliver written notice to John Chairman of the Board, by emaiilto jlassitei'@csrolioalegaleom and regular mail to 200 South College St, Suite 1500, Charlotte, NC 23202 within such ??day period. The other terms and conditions contained hereio will not be enforceable by the parties hereto until the expiration of this seven day period {the date after the of this periodic beil1e?Efi?eciive Date"). l5. Entire Agreement. Except as provided herein, Agreement, will: attachments, ccoisios and comprises the agreement and ouderstsodiog of the parties with respect to the subject ozstter, and there are no agreementsoi? ?Est-topics otherwise provided herein, this Agreement supersedes in all respects any prior or other agreement or other understanding between Executive and the Company regsrdiog the subject matter herein. E6. Successors. The Agreemen! shat} be binding upon and inure to the bene?t of Executive. his heirs, executors, administrators, representatives, as Wei! as the predecessors, successors, pneehesers and assigns of the Company. Neither party may assign any of his or its rights or deiegate any of his or its duties under the Agreement. Governing" Law. Exoepi as preempted by federei 13w, this Agreement she? be governed by and construed in accordance with the of the State of North Carolina, without reference to its con?ict of? law provision. Any payments made pursuant to this Agreement that are subject to the requirements of Section 409A of the Interna! Revenue Code, snail be made consistent" with the requirements of Seetion 409A of the intense? Revenue Code, and notwithstanding any provision herein, the Company has the authority to amend the Agreement to the extent necessary to comply with the requirements of Section 409A of the Iniernal Revenue Code. Notwithstanding any provision hei?einebove to the contrary, Exeentive she?! be responsible for the payment of ail taxes for payments made pursuant to this Agreement, including. but not limited to any excise taxes or other taxes payable on account of Seetiou?GQA ofthe Internal Revenue Code. Modi?ea?ions. The Agreement is intended to be a binding contract between the parties. No ohen'ge, modification, termination or attempted waiver of any of the provisions of the Agreement shalt be bioding upon any party hereto unease reciueed to writing and Signed by the party against whom enforcement is sought. i9. Sevei?ebilitg. The provisions of this Ags?eement she}! be deemed severabie, and the invalidity or unenforceability ofeny provision (or park thereof) of this Agreement shelf in no way affect the vefidity or of any other provisions (er remaining pert thereof]. 26. Notice. AR notices required under this Agreement ehal? be written and sent to the Compeoy at its Enamel-rent headquarters address. ootiees required under $23 Agreemenf shaif be written and sent to the Executive at the East address for the Executive in the Company?s ?les. 2i. Headings. The headings used in this Agreement me for eozwenience of reference only sod she}! in no way de?ne, limit, expand or otherwise effect the meaning of any provision of this Agreement. 22. Countergerts. This Agreement may be executed in two or more counterparts, each of weieh shall be deemed to be an originai, but 31! ofwhieh together Shel} Constimte one and the same instalment. 23. Waiver or Ereeoh. A waiver of any breach of this Agreement shali not constitute a waiver of any other provision ofth?s Agreement or any suEJseeuent breach of this Agreement. 257;? Knoeene we voem'mmz AGREEMENT. as. ewes THEY FULLY Ame CQWLET en; Tee metres ewe eonmeeoNs oe Tees AGREEMENT see HAVE vowemmw glee mowenem T0 meme Conez?z?eezneg meweme em oe meme. 6 I WITNESS WHEREOF, the parties have hereto axecuted'this Agreement this the Wday 0f Dewmber, 20%, READ CAREFULLY BEFORE SIGNING. 1i of North Was??er f? the anrci of Directors den: and . .. Wigwam 19?50492.?i