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CITY OF SALEM & SALEM WIND TERMINAL LLC COMMUNITY BENEFITS AGREEMENT This AGREEMENT is made this 2.1 day of February, 2024, by and among and Salem Wind Terminal, LLC, a Delaware limited liability company having its principal office at 67 Derby St, Salem, MA 01970 ("Crowley") and THE CITY OF SALEM, MASSACHUSETTS, a municipality having its principal offices at 93 Washington Street, Salem, Massachusetts 01970 (the "City"). WHEREAS, the City, Massachusetts Clean Energy Technology Center and Crowley arc parties to a certain Memorandum of Understanding, entered into on December 19, 2022, that provides, among other things, for the City to lease land to the CEC and then CEC to sublease the land to Crowley for the development, manufacturing, construction and operation of an offshore wind project (the "Project") primarily serving the Massachusetts market; and WHEREAS, the City and Crowley entered into a Cooperation Agreement dated September 22, 2022, amended September 29, 2023 and December 28, 2023, in which they agreed to negotiate in good faith and enter into a community benefits agreement for the Project; and WHEREAS, Crowley has applied and will continue to apply for numerous licenses, permits, and approvals necessary for the development, manufacturing, construction and operation of offshore wind projects; and WHEREAS, the Mayor of Salem convened a stakeholders group, comprised of over a dozen community leaders and chaired by the Mayor, which group met on numerous occasions over several months with the purpose of helping to formulate and assist in the terms, conditions and provisions of this Agreement on behalf of the community; and WHEREAS, the City and Crowley agree and acknowledge that the City has identified certain concerns with respect to the impact of the construction and operation of the Project on the City; and WHEREAS, the City and Crowley agree and acknowledge that the performance by Crowley of their obligations as set forth herein will address such concerns to the City's satisfaction. Now, THEREFORE, in consideration of the covenants set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Crowley and the City hereby agree as follows: I. Commitments A. Economic Development. Crowley commits to supporting key economic development initiatives related to the Salem Offshore Wind Terminal development as set forth in this paragraph. Upon the effective date of this Agreement, Crowley shall provide a one-time $45,000 payment to the Essex County Community Foundation of seed funding for regional coalition building in support of stronger regional clean energy and blue economy COMMUNITY BENEFITS AGREEMENT 1 of 14 ---PAGE BREAK--- ---PAGE BREAK--- ---PAGE BREAK--- ---PAGE BREAK--- ---PAGE BREAK--- ---PAGE BREAK--- ---PAGE BREAK--- ---PAGE BREAK--- ---PAGE BREAK--- ---PAGE BREAK--- ---PAGE BREAK--- ---PAGE BREAK--- In witness whereof, THE CITY OF SALEM and SALEM WIND TERMINAL, LLC have caused this Agreement to be executed by their respective duly authorized officials and officers as of the date and year first above written. Attachments: Wharfing Agreement Cooperation Agreement CITY OF SALEM, MASSACHUSETTS Dominick Pang lo, Mayor, duly authorized APPROVED AS TO FORM: Elizabeth Rennard, City Solicitor [City of Salem Signature Page to the Community Benefits Agreement] COMMUNITY BENEFITS AGREEMENT 13 of 14 ---PAGE BREAK--- ---PAGE BREAK---