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Update on Incubator Location Commitment - K-Netica <br />August 14, 2006 8DA Mccting <br />Pagc 2 of 2 <br />In addition, staff received the attached email correspondence from the EDA's former Incubator <br />Program Advisor, Harlan Jacobs of Genesis Business Centers on July 24, 2006 offering his advice <br />on the situation with K-Netica. It should be noted that Genesis Portfolio Partners, LLC and <br />Larry Hickman are both, separately, parties to the Memorandum of Understanding between the <br />EDA and K-Nedca and each receives and controls their own respective shares from the <br />agreement. <br />Action Requested <br />Staff requests the EDA's discussion and direction in how they'd like to proceed with the <br />enforcement of the location commitment clause. <br />S:\EDA\Incubator\K-Netica\Memos\2006\8.14.06 EDA.Kne[ica.doc <br />