Common use of DESCRIPTION OF QUALIFIED INVESTMENT AND QUALIFIED PROPERTY Clause in Contracts

DESCRIPTION OF QUALIFIED INVESTMENT AND QUALIFIED PROPERTY. The Qualified Investment and/or Qualified Property that is subject to the Limitation on Appraised Value is described in Exhibit 3, which is attached hereto and incorporated herein by reference for all purposes. The Applicant's Qualified Investment shall be that property described in Exhibit 3 that is placed in service under the terms of the Application during the Qualifying Time Period. The Applicant's Qualified Property shall be all property described in Exhibit 3, including, but not limited to, the Applicant's Qualified Investment, which: (1) is owned by the Applicant; (2) is first placed in service after the Application Date; and (3) is used in connection with the activities described in the Application. Property which is not specifically described in Exhibit 3 shall not be considered by the District or the Appraisal District to be part of the Applicant's Qualified Investment or the Applicant's Qualified Property for purposes of this Agreement, unless pursuant to Texas Tax Code § 313.027(e) and Section 8.3 of this Agreement, the Board of Trustees, by official action, provides that such other property is a part of the Applicant's Qualified Properly for purposes of this Agreement. Property owned by the Applicant which is not described on Exhibit 3 may not be considered to be Qualified Property unless the Applicant:

DESCRIPTION OF QUALIFIED INVESTMENT AND QUALIFIED PROPERTY. The Qualified Investment and/or Qualified Property that is subject to the Tax Limitation on Appraised Value Amount is described in Exhibit EXHIBIT 3, which is attached hereto and incorporated herein by reference for all purposespurposes (the “Applicant’s Qualified Investment”). The Applicant's ’s Qualified Investment shall be that property property, described in Exhibit 3 that EXHIBIT 3, which is placed in service under the terms of the Application Application, during the Qualifying Time PeriodPeriod described in both Section 1.2, above, and the definition of Qualifying Time Period set forth in Section 1.3, above. The Applicant's ’s Qualified Property shall be all property property, described in Exhibit EXHIBIT 3, including, but not limited to, the Applicant's ’s Qualified Investment, together with the Land described in EXHIBIT 2 which: (1) is owned or leased under a capitalized lease by the Applicant; (2) is first placed in service after the Completed Application DateDate established by the Comptroller; and (3) is used in connection with the activities described in the Application. Property which is not specifically described in Exhibit EXHIBIT 3 shall not be considered by the District or the Appraisal District to be part of the Applicant's ’s Qualified Investment or the Applicant's ’s Qualified Property for purposes of this Agreement, unless pursuant to Texas Tax Code § 313.027(e) and Section 8.3 8.4 of this Agreement, the Board of Trustees, by official action, provides that such other property is a part of the Applicant's ’s Qualified Properly Investment for purposes of this Agreement. Property owned by the Applicant which is not described on Exhibit EXHIBIT 3 may not be considered to be Qualified Property unless the Applicant:

DESCRIPTION OF QUALIFIED INVESTMENT AND QUALIFIED PROPERTY. The Qualified Investment and/or Qualified Property that is subject to the Tax Limitation on Appraised Value Amount is described in Exhibit EXHIBIT 3, which is attached hereto and incorporated herein by reference for all purposespurposes (the “Applicant’s Qualified Investment”). The Applicant's ’s Qualified Investment shall be that property property, described in Exhibit EXHIBIT 3 that which is placed in service under the terms of the Application Application, during the Qualifying Time PeriodPeriod described in Section 1.2, above. The Applicant's ’s Qualified Property shall be all property property, described in Exhibit EXHIBIT 3, including, but not limited to, to the Applicant's ’s Qualified Investment, which: which (1) is owned by the Applicant; (2) is first placed in service after , 2012, the Completed Application DateDate established by the Comptroller; and (3) is used in connection with the activities described in the Application. Property which is not specifically described in Exhibit EXHIBIT 3 which is installed or placed in service on the Land after the Qualifying Period shall not also be considered included with the Qualified Property and subject to the limitation on appraised value established by this Agreement. The District reserves the District or the Appraisal District right to be include additional property as part of the Applicant's ’s Qualified Investment or the Applicant's ’s Qualified Property for purposes of this Agreement, unless if pursuant to Texas Tax Code § §313.027(e) and Section 8.3 of this AgreementAgreement or other provisions of the Texas Tax Code hereafter adopted, the Board of Trustees, by official action, provides that such other property is a part of the Applicant's ’s Qualified Properly Investment for purposes of this Agreement. Property owned by the Applicant which is not described on Exhibit EXHIBIT 3 may not be considered to be Qualified Property unless the Applicant:

DESCRIPTION OF QUALIFIED INVESTMENT AND QUALIFIED PROPERTY. The Qualified Investment and/or Qualified Property that is subject to the Tax Limitation on Appraised Value Amount is described in Exhibit EXHIBIT 3, which is attached hereto and incorporated herein by reference for all purposespurposes (“Applicant’s Qualified Investment”). The Applicant's Qualified Investment shall be that property property, described in Exhibit 3 that EXHIBIT 3, which is placed in service under the terms of the Application Application, during the Qualifying Time PeriodPeriod described in both Section 1.2, above, and the definition of Qualifying Time Period set forth in Section 1.3, above. The Applicant's Qualified Property shall be all property property, described in Exhibit EXHIBIT 3, including, but not limited to, the Applicant's ’s Qualified Investment, together with the land described in EXHIBIT 2 which: (1) is owned or leased under a capitalized lease by the Applicant; (2) is was first placed in service after March 28, 2013, the completed Application Datedate established by the Comptroller; and (3) is used in connection with the activities described in the Application. Property which is not specifically described in Exhibit EXHIBIT 3 shall not be considered by the District or the Appraisal District to be part of the Applicant's ’s Qualified Investment or the Applicant's Qualified Property for purposes of this Agreement, unless pursuant to Texas Tax Code § 313.027(e) and Section 8.3 of this Agreement, the Board of Trustees, by official action, provides that such other property is a part of the Applicant's ’s Qualified Properly Investment for purposes of this Agreement. Property owned by the Applicant which is not described on Exhibit EXHIBIT 3 may not be considered to be Qualified Property unless the Applicant:

DESCRIPTION OF QUALIFIED INVESTMENT AND QUALIFIED PROPERTY. The Qualified Investment and/or Qualified Property that is subject to the Tax Limitation on Appraised Value Amount is described in Exhibit EXHIBIT 3, which is attached hereto and incorporated herein by reference for all purposespurposes (the “Applicant’s Qualified Investment”). The Applicant's ’s Qualified Investment shall be that property property, described in Exhibit 3 that EXHIBIT 3, which is placed in service under the terms of the Application Application, during the Qualifying Time PeriodPeriod described in both Section 1.2, above, and the definition of Qualifying Time Period set forth in Section 1.3, above. The Applicant's ’s Qualified Property shall be all property property, described in Exhibit EXHIBIT 3, including, but not limited to, the Applicant's ’s Qualified Investment, whichtogether with the Land described in EXHIBIT 2 that: (1) is owned or leased by the Applicant; (2) is first placed in service after the Completed Application DateDate established by the Comptroller; and (3) is used in connection with the activities described in the Application. Property which that is not specifically described in Exhibit EXHIBIT 3 shall not be considered by the District or the Appraisal District to be part of the Applicant's ’s Qualified Investment or the Applicant's ’s Qualified Property for purposes of this Agreement, unless pursuant to Texas Tax Code § 313.027(e) and Section 8.3 8.4 of this Agreement, the Board of Trustees, by official action, provides that such other property is a part of the Applicant's ’s Qualified Properly Investment for purposes of this Agreement. Property owned or leased by the Applicant which that is not described on Exhibit EXHIBIT 3 may not be considered to be Qualified Property unless the Applicant: