ECONOMIC DEVELOPMENT AND PERFORMANCE AGREEMENT BETWEEN THE BENBROOK ECONOMIC DEVELOPMENT CORPORATION AND ABIC, LLCEconomic Development and Performance Agreement • April 21st, 2020 • Texas
Contract Type FiledApril 21st, 2020 JurisdictionThis Economic Development Agreement ("Agreement") is made and entered into by and between ABIC, LLC (“ABIC”), 2715 Derby Court, Southlake, Texas, a Texas limited company, by and through Rabin Khanal and Sanjay Rajbhandari, its Managing Partners, and the Benbrook Economic Development Corporation (the "Corporation"), a nonprofit corporation organized under the Development Corporation Act of 1979, codified in Subtitle C1 of Title 12 of the Texas Local Government Code (Chapters 501 through 505) (the “Act”), for the purposes and considerations stated below: