Common use of Value and Term of Abatement Clause in Contracts

Value and Term of Abatement. (a) This Agreement shall be effective on the date executed by District and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 2017. In no event shall this Agreement extend beyond December 31, 2017. This Agreement shall terminate on the completion of the abatement, unless earlier terminated as provided elsewhere herein. Owner and Lessee’s obligation upon default to pay to District any taxes abated under this Agreement shall not terminate until the abated taxes are paid. (b) In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible Property. (c) Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value of the Improvements and Eligible Property: Tax Year Percentage Abatement 2013 70% 2014 70% 2015 70% 2016 70% 2017 70% (1) The abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, Ineligible Property, inventory or supplies. (2) All Eligible Property shall be placed and/or installed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installed. (3) The CAD’s determination of values shall be used to determine the value of the property subject to this Agreement. If Owner or Lessee protests the District’s valuation of the property, the valuation placed on the property after the protest is resolved under State law shall be used. (4) On or before September 1 of each year of this Agreement, Owner and Lessee shall certify in writing compliance with each term of this Agreement to the District Tax Assessor/Collector.

Value and Term of Abatement. (a) This Agreement shall be effective on the date executed by District and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 20172024. In no event shall this Agreement extend beyond December 31, 20172024. This Agreement shall terminate on the completion of the abatement, unless earlier terminated as provided elsewhere herein. Owner and Lessee’s obligation upon default to pay to District any taxes abated under this Agreement shall not terminate until the abated taxes are paid. (b) In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible Property. (c) Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value of the Improvements and Eligible Property: Tax Year Percentage Abatement 2013 70% 2014 70% 2015 7060% 2016 7060% 2017 7060% 2018 60% 2019 60% 2020 60% 2021 60% 2022 60% 2023 60% 2024 60% (1) The abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, Ineligible Property, inventory or supplies. (2) All Eligible Property shall be placed and/or installed in substantial accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installed. (3) The CAD’s determination of values Certified Appraised Value shall be used to determine the value of the property Improvements and/or Eligible Property subject to this Agreement, subject to the right of Owner or Lessee to protest such valuation. If Owner or Lessee protests protest the DistrictCAD’s valuation of the propertyImprovements and /or Eligible Property, the valuation placed on the property Improvements and/or Eligible Property after the protest is resolved under State law shall be used. (4) On or before September 1 of each year of this Agreement, Owner and Lessee shall certify in writing to the District Tax Assessor/Collector Owner and Lessee’s compliance with each term of this Agreement to the District Tax Assessor/CollectorAgreement.

Value and Term of Abatement. (a) This Agreement shall be effective on the date executed by District and or Owner, whichever is later. This Agreement shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 20172025. In no event shall this Agreement extend beyond December 31, 20172025. This Agreement shall terminate on upon the completion of the abatementAbatements, unless earlier terminated as provided elsewhere herein. Owner and LesseeOwner’s obligation upon default to pay to District any taxes abated under this Agreement shall not terminate until the abated taxes are paid. (b) In each year that this Agreement is in effect, the amount of abatement Abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible Property. (c) Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement Abatement for the following years and in the following amounts on the value Value of the Improvements and Eligible Property: Tax Year Percentage Abatement 2013 70% 2014 70% 2015 70% 2016 7085% 2017 7085% 2018 85% 2019 85% 2020 85% 2021 85% 2022 85% 2023 85% 2024 85% 2025 85% (1d) The abatement Abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, inventory, existing improvements, or Ineligible Property, inventory or suppliesProperty as defined in Section 2(f) above. (2e) All Eligible Property Improvements shall be placed and/or installed completed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installedImprovements are erected. (3f) The CAD’s determination of values Values shall be used to determine the value Value of the property subject to this Agreement. If Owner or Lessee protests the DistrictCAD’s valuation of the property, the valuation placed on the property after the protest is resolved under State state law shall be used. (4g) On or before September 1 of each year of this Agreement, commencing September 1, 2012, Owner and Lessee shall each certify in writing to District Tax Assessor/Collector that Owner and Lessee, respectively, are in compliance with each term of this Agreement to the District Tax Assessor/CollectorAgreement.

Value and Term of Abatement. (a) a. This Agreement shall be effective on the date executed by District and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 20172028. In no event shall this Agreement extend beyond December 31, 2017. This Agreement shall terminate on the completion of the abatement, unless earlier terminated as provided elsewhere herein. Owner and Lessee’s obligation upon default to pay to District any taxes abated under this Agreement shall not terminate until the abated taxes are paid2028. (b) b. In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible PropertyImprovements. (c) c. Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 and Section 5 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value of the Improvements and Eligible Personal Property: Tax Year Percentage Abatement 2013 70% 2014 70% 2015 70% 2016 70% 2017 70%: (1) The abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, Ineligible Property, inventory , or supplies. (2) All Eligible Personal Property shall be placed and/or installed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Personal Property is placed and/or installed. (3) The CADFBCAD’s determination of values shall be used to determine the value of the property subject to this Agreement. If Owner or Lessee protests the DistrictFBCAD’s valuation of the property, the valuation placed on the property after the protest is resolved under State law shall be used. (4) On or before September 1 of each year of this Agreement, Owner and Lessee shall each certify in writing to the Fort Bend County District Tax Assessor/Collector their compliance with each term of this Agreement. 5) Owner or Lessee may terminate this Agreement with thirty (30) days written notification to the District. Owner and Xxxxxx shall not be entitled to a tax abatement for the year in which such termination is made. If taxes for the year of termination have been abated, the Owner or Lessee shall, with such notice, make payment to the District Tax Assessor/Collectorof any abated taxes for the year of termination with appropriate interest and penalty.

Value and Term of Abatement. (a) This Agreement shall be effective on the date executed by District County and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 20172023. In no event shall this Agreement extend beyond December 31, 20172023. This Agreement shall terminate on the completion of the abatement, unless earlier terminated as provided elsewhere herein. Owner and LesseeOwner’s obligation upon default to pay to District County any taxes abated under this Agreement shall not terminate until the abated taxes are paid. (b) In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible Propertyonly. (c) Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value of the Improvements and Eligible Propertyonly: Tax Year Percentage Abatement 2013 70% 2014 7050% 2015 7050% 2016 7050% 2017 7050% 2018 50% 2019 50% 2020 50% 2021 50% 2022 50% 2023 50% (1) The abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, Eligible Property, Ineligible Property, inventory or supplies. (2) All Eligible Property shall be placed and/or installed in substantial accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installed. (3) The CADDistrict’s determination of values shall be used to determine the value of the property subject to this Agreement. If Owner or Lessee protests the District’s valuation of the property, the valuation placed on the property after the protest is resolved under State law shall be used. (4) On or before September 1 of each year of this Agreement, Owner and Lessee shall certify in writing to Fort Bend County Tax Assessor/Collector Owner’s compliance with each term of this Agreement to the District Tax Assessor/CollectorAgreement.

Value and Term of Abatement. (a) This Agreement shall be effective on the date executed by District County and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 2017. In no event shall this Agreement extend beyond December 31, 2017. This Agreement shall terminate on the completion of the abatement, unless earlier terminated as provided elsewhere herein. Owner and Lessee’s obligation upon default to pay to District County any taxes abated under this Agreement shall not terminate until the abated taxes are paid. (b) In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible Property. (c) Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value of the Improvements and Eligible Property: Tax Year Percentage Abatement 2013 70% 2014 70% 2015 70% 2016 70% 2017 70% (1) The abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, Ineligible Property, inventory or supplies. (2) All Eligible Property shall be placed and/or installed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installed. (3) The CADFort Bend Central Appraisal District’s determination of values shall be used to determine the value of the property subject to this Agreement. If Owner or Lessee protests the District’s valuation of the property, the valuation placed on the property after the protest is resolved under State law shall be used. (4) On or before September 1 of each year of this Agreement, Owner and Lessee shall certify in writing to Fort Bend County Tax Assessor/Collector Owner and Lessee’s compliance with each term of this Agreement to the District Tax Assessor/CollectorAgreement.

Value and Term of Abatement. (a) This Agreement shall be effective on the date executed by District and or Owner, whichever is later. This Agreement shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 20172021. In no event shall this Agreement extend beyond December 31, 20172021. This Agreement shall terminate on upon the completion of the abatementAbatements, unless earlier terminated as provided elsewhere herein. Owner and LesseeOwner’s obligation upon default to pay to District any taxes abated under this Agreement shall not terminate until the abated taxes are paid. (b) In each year that this Agreement is in effect, the amount of abatement Abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible Property. (c) Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement Abatement for the following years and in the following amounts on the value Value of the Improvements and Eligible Property: Tax Year Percentage Abatement 2012 85% 2013 7085% 2014 7085% 2015 7085% 2016 7085% 2017 7085% 2018 85% 2019 85% 2020 85% 2021 85% (1d) The abatement Abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, inventory, existing improvements, or Ineligible Property, inventory or suppliesProperty as defined in Section 2(f) above. (2e) All Eligible Property Improvements shall be placed and/or installed completed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installedImprovements are erected. (3f) The CAD’s determination of values Values shall be used to determine the value Value of the property subject to this Agreement. If Owner or Lessee protests the DistrictCAD’s valuation of the property, the valuation placed on the property after the protest is resolved under State law shall be used. (4g) On or before September 1 of each year of this Agreement, commencing September 1, 2012, Owner and Lessee shall each certify in writing to District’s Tax Assessor/Collector that Owner and Lessee, respectively, are in compliance with each term of this Agreement to the District Tax Assessor/CollectorAgreement.

Value and Term of Abatement. (a) a. This Agreement shall be effective on the date executed by District County and shall terminate (unless earlier terminated in accordance with on the terms hereof) on December 31, 201731st of the final year of the ten-year term of the Abatement. In no event shall this Agreement extend beyond December 31, 2017. This Agreement shall terminate on the completion expiration of the abatement, unless earlier terminated as provided elsewhere herein. Owner and Lessee’s obligation upon default to pay to District any taxes abated under this Agreement shall not terminate until ten-year term of the abated taxes are paidAbatement. (b) b. In each year that this Agreement is in effect, the amount of abatement Abatement shall be an amount equal to the percentage indicated below of the all ad valorem taxes assessed upon by the Improvements and County on the Eligible Property. (c) c. Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement Abatement for the following years and in the following amounts on the value of the Improvements and Eligible PropertyProperty for all ad valorem taxes assessed by the County: Tax Year Percentage Abatement 2013 1 85% Year2 85% Year3 80% Year4 80% Year 5 80% Year6 70% 2014 70Year7 60% 2015 70Year8 50% 2016 70Year9 40% 2017 70%Year 10 20% "Year 1" in the table above shall correspond to the calendar year commencmg on the first January 1 after Owner delivers the Certificate. The FBCAD Certified Appraised Value of the Eligible Property each year of the abatement term will conform to the most recent provisions of Texas Tax Code 23.26 which, at the time of this Agreement, provides for (i) a ten year depreciation schedule on Eligible Property that meets the definition of "solar energy property" contained in Texas Tax Code 23.26, and (ii) a residual value of such Eligible Property in the tenth year of the abatement term to be not less than 20% of the certified cost of such Eligible Property provided to the County at completion of initial construction. . An exact schedule of the resultant annual minimum annual amounts to qualify for the abatement cannot be stated as those commonly accepted cost and other index factors shall not be available to the FBCAD until each successive tax year. An example of these calculations can be viewed in Exhibit C: HYPOTHETICAL CALCULATIONSILLUSTRATION. (1) The abatement Abatement granted shall not apply to the value of the Real PropertyProperty (as land only), increases in the value of the Real PropertyProperty (as land only), or Ineligible Property, inventory or supplies. (2) All Eligible Property shall be placed and/or installed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installed. (3) The CAD’s FBCAD's determination of values the Certified Appraised Value of the Eligible Property shall be used to determine the value of the property Eligible Property subject to this Agreement. If Owner or Lessee protests the District’s FBCAD's valuation of the property, the valuation placed on the property Eligible Property after the protest is resolved under State law shall be used. (4) On or before September 1 d. It is possible that not all of each year the Eligible Property will fall within the definition of this Agreement, Owner and Lessee "solar energy property" in Texas Tax Code 23.26. Any such Eligible Property shall certify in writing compliance with each term receive the same percentage abatement as the solar energy property but without the value reduction of this Agreement to the District Texas Tax Assessor/CollectorCode 23.26.

Value and Term of Abatement. (a) This Agreement shall be effective on the date executed by District County and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 20172024. In no event shall this Agreement extend beyond December 31, 20172024. This Agreement shall terminate on the completion of the abatement, unless earlier terminated as provided elsewhere herein. Owner and Lessee’s obligation upon default to pay to District County any taxes abated under this Agreement shall not terminate until the abated taxes are paid. (b) In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible Property. (c) Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value of the Improvements and Eligible Property: Tax Year Percentage Abatement 2013 70% 2014 70% 2015 7040% 2016 7040% 2017 7040% 2018 40% 2019 40% 2020 40% 2021 40% 2022 40% 2023 40% 2024 40% (1) The abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, Ineligible Property, inventory or supplies. (2) All Eligible Property shall be placed and/or installed in substantial accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installed. (3) The CADDistrict’s determination of values shall be used to determine the value of the property subject to this Agreement. If Owner or Lessee protests protest the District’s valuation of the property, the valuation placed on the property after the protest is resolved under State law shall be used. (4) On or before September 1 of each year of this Agreement, Owner and Lessee shall certify in writing to Fort Bend County Tax Assessor/Collector Owner and Lessee’s compliance with each term of this Agreement to the District Tax Assessor/CollectorAgreement.

Value and Term of Abatement. (a) a. This Agreement shall be effective on the date executed by District County and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 20172026. In no event shall this Agreement extend beyond December 31, 2017. This Agreement shall terminate on the completion of the abatement, unless earlier terminated as provided elsewhere herein. Owner and Lessee’s obligation upon default to pay to District any taxes abated under this Agreement shall not terminate until the abated taxes are paid2026. (b) b. In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible PropertyImprovements. (c) c. Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value of the Improvements and Eligible Property: Tax Year Percentage Abatement 2013 70% 2014 70% 2015 70% 2016 70% 2017 70%Improvements: (1) i. The abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, Ineligible Property, Eligible Property, inventory or supplies. (2) ii. All Eligible Property shall be placed and/or installed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installed. (3) iii. The CADFBCAD’s determination of values shall be used to determine the value of the property subject to this Agreement. If Owner or Lessee Tenant protests the DistrictFBCAD’s valuation of the property, the valuation placed on the property after the protest is resolved under State law shall be used. (4) iv. On or before September 1 of each year of this Agreement, Owner and Lessee Tenant shall each certify in writing to the Fort Bend County Tax Assessor/Collector their compliance with each term of this Agreement. v. Owner may terminate this Agreement with thirty (30) days written notification to the District Tax Assessor/CollectorCounty. Owner shall not be entitled to a tax abatement for the year in which such termination is made. If taxes for the year of termination have been abated, the Owner shall, with such notice, make payment to the County of any abated taxes for the year of termination with appropriate interest and penalty.

Value and Term of Abatement. (a) a. This Agreement shall be effective on the date executed by District and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 20172026. In no event shall this Agreement extend beyond December 31, 2017. This Agreement shall terminate on the completion of the abatement, unless earlier terminated as provided elsewhere herein. Owner and Lessee’s obligation upon default to pay to District any taxes abated under this Agreement shall not terminate until the abated taxes are paid2026. (b) b. In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible PropertyImprovements. (c) c. Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value of the Improvements and Eligible Property: Tax Year Percentage Abatement 2013 70% 2014 70% 2015 70% 2016 70% 2017 70%Improvements: (1) The abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, Ineligible Property, Eligible Property, inventory or supplies. (2) All Eligible Property shall be placed and/or installed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installed. (3) The CADFBCAD’s determination of values shall be used to determine the value of the property subject to this Agreement. If Owner or Lessee protests the DistrictFBCAD’s valuation of the property, the valuation placed on the property after the protest is resolved under State law shall be used. (4) On or before September 1 of each year of this Agreement, Owner and Lessee shall certify in writing to the District Tax Assessor/Collector Owner’s compliance with each term of this Agreement. 5) Owner may terminate this Agreement with thirty (30) days written notification to the District. Owner shall not be entitled to a tax abatement for the year in which such termination is made. If taxes for the year of termination have been abated, the Owner shall, with such notice, make payment to the District Tax Assessor/Collectorof any abated taxes for the year of termination with appropriate interest and penalty.

Value and Term of Abatement. (a) This Agreement shall be effective on the date executed by District County and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 20172022. In no event shall this Agreement extend beyond December 31, 20172022. This Agreement shall terminate on the completion of the abatement, unless earlier terminated as provided elsewhere herein. Owner and LesseeXxxxxx’s obligation upon default to pay to District County any taxes abated under this Agreement shall not terminate until the abated taxes are paid. (b) In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible Property. (c) Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value of the Improvements and Eligible Property: Tax Year Percentage Abatement 2013 7075% 2014 7075% 2015 7075% 2016 7075% 2017 7060% 2018 60% 2019 60% 2020 60% 2021 30% (1) The abatement granted shall not apply to the value 30% of the Real Property, increases in the value of the Real Property, Ineligible Property, inventory or supplies. (2) All Eligible Property shall be placed and/or installed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installed. (3) The CADFort Bend Central Appraisal District’s determination of values shall be used to determine the value of the property subject to this Agreement. If Owner or Lessee protests the District’s valuation of the property, the valuation placed on the property after the protest is resolved under State law shall be used. (4) On or before September 1 of each year of this Agreement, Owner and Lessee shall certify in writing to Fort Bend County Tax Assessor/Collector Owner and Lessee’s compliance with each term of this Agreement to the District Tax Assessor/CollectorAgreement.

Value and Term of Abatement. (a) This Agreement Tax Abatement shall be effective on , 20 . percent ( %) of the date executed by District value of New Eligible Properties shall be abated for seven (7) years or one-half (½) the productive life of the improvement, whichever is less. Pursuant to the provisions of this agreement, the term of abatement under this agreement shall commence , 20 and continue through , 20 . The benefits of abatement shall terminate (unless earlier terminated continue throughout the last year in accordance with which abatement is applied as long as the terms hereof) on December 31property and property owner continue to qualify for abatement throughout the last year. If pursuant to the above provisions, 2017. In no event shall this Agreement extend beyond December 31, 2017. This Agreement shall terminate on the it is determined upon completion of improvements, or at any time thereafter that one-half (½) the abatement, unless earlier terminated as provided elsewhere herein. Owner and Lessee’s obligation upon default to pay to District any taxes abated estimated productive life of improvements is less than the term of years of abatement under this Agreement shall not terminate until the abated taxes are paid. (b) In each year that this Agreement is in effectagreement, the amount term of abatement shall be an reduced to one-half (½) the productive life of the improvements and Owner shall pay to District the full amount equal of taxes otherwise abated in each year in which the term of abatement exceeded one-half (½) of the actual productive life of the improvements. Any recapture hereunder shall be payable within sixty (60) days of written notice. Owner shall certify by statement to District and the Brazoria County Appraisal District the predicted estimated productive life of improvements upon completion of the construction; provided, however, Owner’s estimate of productive life shall not control the operation of this subsection. Owners payment obligation under the preceding paragraph is a continuing obligation of Owner. Owner understands and agrees that this agreement mandates that Owner’s abated improvements be in active service and operation as part of a facility operating in a producing capacity for a period of fourteen (14) years from the effective commencement date of this agreement (to , 20 ) in order for Owner to receive seven (7) full years of abatement that are not subject to the percentage indicated below term reduction and recapture/payment obligation provisions of the taxes assessed upon the Improvements and Eligible Property. (c) Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value of the Improvements and Eligible Property: Tax Year Percentage Abatement 2013 70% 2014 70% 2015 70% 2016 70% 2017 70% (1) The abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, Ineligible Property, inventory or supplies. (2) All Eligible Property shall be placed and/or installed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installed. (3) The CAD’s determination of values shall be used to determine the value of the property subject to this Agreement. If Owner or Lessee protests the District’s valuation of the property, the valuation placed on the property after the protest is resolved under State law shall be used. (4) On or before September 1 of each year preceding paragraph of this Agreement, Owner and Lessee shall certify in writing compliance with each term of this Agreement to the District Tax Assessor/Collectoragreement.

Value and Term of Abatement. (a) a. This Agreement shall be effective on the date executed by District or Owner, whichever is later and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 20172023. In no event shall this Agreement agreement extend beyond December 31, 20172023. This Agreement shall terminate on upon the completion of the abatementabatements, unless earlier terminated as provided elsewhere herein. Owner and LesseeOwner’s obligation upon default to pay to District any taxes abated under this Agreement shall not terminate until the abated taxes are paid. (b) b. In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible PropertyProperty as defined in Section 2(e). (c) c. Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value Value of the Improvements and Eligible Property: Tax Year Percentage Abatement 2013 70% 2014 7075% 2015 7075% 2016 7075% 2017 7075% 2018 75% 2019 75% 2020 75% 2021 75% 2022 75% 2023 75% d. In the event Owner completes the Improvements prior to December 31, 2012 a tax abatement of seventy-five percent (175%) will commence on January 1 of the full tax year immediately following the year construction is completed and extend for ten years thereafter. Upon completion of the construction of the Improvements, Owner shall provide the form attached as Exhibit C to District with a copy of the form to the Greater Fort Bend Economic Development Council and District shall forward the completed form to the CAD, provided all other requirements of this Agreement have been satisfied by Owner. District hereby authorizes the Tax Assessor/Collector to complete the form attached as Exhibit C on behalf of District. e. The abatement granted shall not apply to the value of the Real Property, increases increases, in the value of the Real Property, Ineligible Property, inventory or suppliesIneligible Property as defined in Paragraph 2(f) above. (2) f. All Eligible Property Improvements shall be placed and/or installed completed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installedImprovements are erected. (3) g. The CAD’s determination of values shall be used to determine the value of the property subject to this Agreement. If Owner or Lessee protests the DistrictCAD’s valuation of the property, the valuation placed on the property after the protest is resolved under State state law shall be used. (4) h. On or before September 1 of each year of this Agreement, Owner and Lessee shall certify in writing to the District Tax Assessor/Collector that Owner is in compliance with each term of this Agreement to the District Tax Assessor/CollectorAgreement.

Value and Term of Abatement. (a) a. This Agreement shall be effective on the date executed by District County and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 20172028. In no event shall this Agreement extend beyond December 31, 2017. This Agreement shall terminate on the completion of the abatement, unless earlier terminated as provided elsewhere herein. Owner and Lessee’s obligation upon default to pay to District any taxes abated under this Agreement shall not terminate until the abated taxes are paid2028. (b) b. In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and on the Eligible Personal Property. (c) c. Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value of the Improvements and on the value of the Eligible Personal Property: Tax Year Percentage Abatement 2013 70% 2014 70% 2015 70% 2016 70% 2017 70%: (1) The abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, any Ineligible Property, inventory or supplies. (2) All Eligible Personal Property shall be placed and/or installed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Personal Property is placed and/or installed. (3) The CADFBCAD’s determination of values shall be used to determine the value of the property subject to this Agreement. If Owner or Lessee protests the DistrictFBCAD’s valuation of the property, the valuation placed on the property after the protest is resolved under State law shall be used. (4) On or before September 1 of each year of this Agreement, Owner and Lessee shall each certify in writing to the Fort Bend County Tax Assessor/Collector their compliance with each term of this Agreement. 5) Owner may terminate this Agreement with thirty (30) days written notification to the District Tax Assessor/CollectorCounty. Owner shall not be entitled to a tax abatement for the year in which such termination is made. If taxes for the year of termination have been abated, the Owner shall, with such notice, make payment to the County of any abated taxes for the year of termination only with appropriate interest and penalty as the County’s sole and exclusive remedy.

Value and Term of Abatement. (a) This Agreement shall be effective on the date executed by District and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 20172024. In no event shall this Agreement extend beyond December 31, 20172024. This Agreement shall terminate on the completion of the abatement, unless earlier terminated as provided elsewhere herein. Owner and LesseeOwner’s obligation upon default to pay to District any taxes abated under this Agreement shall not terminate until the abated taxes are paid. (b) In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible Propertyonly. (c) Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value of the Improvements and Eligible PropertyImprovements: Tax Year Percentage Abatement 2013 70% 2014 70% 2015 7075% 2016 7075% 2017 7075% 2018 75% 2019 75% 2020 75% 2021 75% 2022 75% 2023 75% 2024 75% (1) The abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, Eligible Property, Ineligible Property, inventory or supplies. (2) All Eligible Property shall be placed and/or installed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installed. (3) The CAD’s determination of values shall be used to determine the value of the property subject to this Agreement. If Owner or Lessee protests the DistrictCAD’s valuation of the property, the valuation placed on the property after the protest is resolved under State law shall be used. (4) On or before September 1 of each year of this Agreement, Owner and Lessee shall certify in writing to District Tax Assessor/Collector Owner’s compliance with each term of this Agreement to the District Tax Assessor/CollectorAgreement.

Value and Term of Abatement. (a) a. This Agreement shall be effective on the date executed by District all Parties and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 20172026. In no event shall this Agreement extend beyond December 31, 2017. This Agreement shall terminate on the completion of the abatement, unless earlier terminated as provided elsewhere herein. Owner and Lessee’s obligation upon default to pay to District any taxes abated under this Agreement shall not terminate until the abated taxes are paid2026. (b) b. In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible PropertyImprovements. (c) c. Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder xxxxxxxxx a property tax abatement for the following years and in the following amounts on the value of the Improvements and Eligible Personal Property: Tax Year Percentage Abatement 2013 70% 2014 70% 2015 70% 2016 70% 2017 70%: (1) The abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, Ineligible Property, inventory or supplies. (2) All Eligible Property shall be placed and/or installed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installed. (3) The CADFBCAD’s determination of values shall be used to determine the value of the property subject to this Agreement. If Owner or Lessee protests the DistrictFBCAD’s valuation of the property, the valuation placed on the property after the protest is resolved under State law shall be used. (4) On or before September 1 of each year of this Agreement, Owner and Lessee shall certify in writing to the District Tax Assessor/Collector Owner’s compliance with each term of this Agreement. 5) Owner or Lessee may terminate this Agreement with thirty (30) days written notification to the District. Owner shall not be entitled to a tax abatement for the year in which such termination is made. If taxes for the year of termination have been abated, the Owner and Xxxxxx shall, with such notice, make payment to the District Tax Assessor/Collectorof any abated taxes for the year of termination with appropriate interest and penalty.

Value and Term of Abatement. (a) This Agreement shall be effective on the date executed by District County and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 20172022. In no event shall this Agreement extend beyond December 31, 20172022. This Agreement shall terminate on the completion of the abatement, unless earlier terminated as provided elsewhere herein. Owner and LesseeOwner’s obligation upon default to pay to District County any taxes abated under this Agreement shall not terminate until the abated taxes are paid. (b) In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible PropertyImprovements. (c) Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value of the Improvements and Eligible PropertyImprovements: Tax Year Percentage Abatement 2013 7060% 2014 7060% 2015 7060% 2016 7060% 2017 7060% 2018 60% 2019 60% 2020 60% 2021 60% 2022 60% (1) The abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, Eligible Property, Ineligible Property, inventory or supplies. (2) All Eligible Property shall be placed and/or installed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installed. (3) The CADFort Bend Central Appraisal District’s determination of values shall be used to determine the value of the property subject to this Agreement. If Owner or Lessee protests the District’s valuation of the property, the valuation placed on the property after the protest is resolved under State law shall be used. (4) On or before September 1 of each year of this Agreement, Owner and Lessee shall certify in writing to Fort Bend County Tax Assessor/Collector Owner’s compliance with each term of this Agreement to the District Tax Assessor/CollectorAgreement.

Value and Term of Abatement. (a) This Agreement shall be effective on the date executed by District and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 20172022. In no event shall this Agreement extend beyond December 31, 20172022. This Agreement shall terminate on the completion of the abatement, unless earlier terminated as provided elsewhere herein. Owner and Lessee’s obligation upon default to pay to District any taxes abated under this Agreement shall not terminate until the abated taxes are paid. (b) In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible Property. (c) Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value of the Improvements and Eligible Property: Tax Year Percentage Abatement 2013 7075% 2014 7075% 2015 7075% 2016 7075% 2017 7060% 2018 60% 2019 60% 2020 60% 2021 30% (1) The abatement granted shall not apply to the value 30% of the Real Property, increases in the value of the Real Property, Ineligible Property, inventory or supplies. (2) All Eligible Property shall be placed and/or installed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installed. (3) The CADFort Bend Central Appraisal District’s determination of values shall be used to determine the value of the property subject to this Agreement. If Owner or Lessee protests the District’s valuation of the property, the valuation placed on the property after the protest is resolved under State law shall be used. (4) On or before September 1 of each year of this Agreement, Owner and Lessee shall certify in writing to the District Tax Assessor/Collector Owner and Lessee’s compliance with each term of this Agreement to the District Tax Assessor/CollectorAgreement.

Value and Term of Abatement. (a) a. This Agreement shall be effective on the date executed by District County and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 20172028. In no event shall this Agreement extend beyond December 31, 2017. This Agreement shall terminate on the completion of the abatement, unless earlier terminated as provided elsewhere herein. Owner and Lessee’s obligation upon default to pay to District any taxes abated under this Agreement shall not terminate until the abated taxes are paid2028. (b) b. In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible PropertyImprovements. (c) c. Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 and Section 5 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value of the Improvements and Eligible Personal Property: Tax Year Percentage Abatement 2013 70% 2014 70% 2015 70% 2016 70% 2017 70%: (1) The abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, Ineligible Property, inventory , or supplies. (2) All Eligible Personal Property shall be placed and/or installed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Personal Property is placed and/or installed. (3) The CADFBCAD’s determination of values shall be used to determine the value of the property subject to this Agreement. If Owner or Lessee protests the DistrictFBCAD’s valuation of the property, the valuation placed on the property after the protest is resolved under State law shall be used. (4) On or before September 1 of each year of this Agreement, Owner and Lessee shall each certify in writing to the Fort Bend County Tax Assessor/Collector their compliance with each term of this Agreement. 5) Owner or Lessee may terminate this Agreement with thirty (30) days written notification to the District Tax Assessor/CollectorCounty. Owner and Lessee shall not be entitled to a tax abatement for the year in which such termination is made. If taxes for the year of termination have been abated, the Owner or Lessee shall, with such notice, make payment to the County of any abated taxes for the year of termination with appropriate interest and penalty.

Value and Term of Abatement. (a) a. This Agreement shall be effective on the date executed by District and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 20172026. In no event shall this Agreement extend beyond December 31, 2017. This Agreement shall terminate on the completion of the abatement, unless earlier terminated as provided elsewhere herein. Owner and Lessee’s obligation upon default to pay to District any taxes abated under this Agreement shall not terminate until the abated taxes are paid2026. (b) b. In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible PropertyImprovements. (c) c. Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value of the Improvements and Eligible Property: Tax Year Percentage Abatement 2013 70% 2014 70% 2015 70% 2016 70% 2017 70%Improvements: (1) i. The abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, Ineligible Property, Eligible Property, inventory or supplies. (2) ii. All Eligible Property shall be placed and/or installed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installed. (3) iii. The CADFBCAD’s determination of values shall be used to determine the value of the property subject to this Agreement. If Owner or Lessee Tenant protests the DistrictFBCAD’s valuation of the property, the valuation placed on the property after the protest is resolved under State law shall be used. (4) iv. On or before September 1 of each year of this Agreement, Owner and Lessee Tenant shall each certify in writing to District Tax Assessor/Collector their compliance with each term of this Agreement. v. Owner may terminate this Agreement with thirty (30) days written notification to the District. Owner shall not be entitled to a tax abatement for the year in which such termination is made. If taxes for the year of termination have been abated, the Owner shall, with such notice, make payment to the District Tax Assessor/Collectorof any abated taxes for the year of termination with appropriate interest and penalty.

Value and Term of Abatement. (a) This Agreement shall be effective on the date executed by District County and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 20172016. This Agreement may be extended for one (1) additional separate term of five (5) years only if Lessee extends the lease agreement with Owner for a term of at least five (5) years from December 31, 2016. Owner and Lessee shall be required to comply with the terms of this Agreement, including Section 4, in order to qualify for the 50% tax abatement for the five (5) years following December 31, 2016. Owner shall provide notice in writing to County at least sixty (60) days prior to December 31, 2016, of Lessee’s lease extension and intent to extend this Agreement for a separate five (5) year term. Notice to County shall include a copy of Lessee’s lease agreement with Owner, evidencing the extension of the lease agreement as stated above. In no event shall this Agreement extend beyond December 31, 20172021. This Agreement shall terminate on the completion of the abatement, unless earlier terminated as provided elsewhere herein. Owner and Lessee’s obligation upon default to pay to District County any taxes abated under this Agreement shall not terminate until the abated taxes are paidpaid for the applicable five (5) year term. (b) In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible Property. (c) Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value of the Improvements and Eligible Property: Improvements: Tax Year Percentage Abatement 2012 50% 2013 7050% 2014 7050% 2015 7050% 2016 70% 2017 7050% (1) The abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, Ineligible Property, inventory or supplies. (2) All Eligible Property shall be placed and/or installed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installed. (3) The CADFort Bend Central Appraisal District’s determination of values shall be used to determine the value of the property Eligible Property subject to this Agreement. If Owner or Lessee protests the District’s valuation of the propertyEligible Property, the valuation placed on the property Eligible Property after the protest is resolved under State state law shall be used. (4) On or before September 1 of each year of this Agreement, Owner and Lessee shall certify in writing to Fort Bend County Tax Assessor/Collector Owner and Lessee’s compliance with each term of this Agreement to the District Tax Assessor/CollectorAgreement.

Value and Term of Abatement. (a) This Agreement shall be effective on the date executed by District County and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 20172024. In no event shall this Agreement extend beyond December 31, 20172024. This Agreement shall terminate on the completion of the abatement, unless earlier terminated as provided elsewhere herein. Owner and LesseeOwner’s obligation upon default to pay to District County any taxes abated under this Agreement shall not terminate until the abated taxes are paid. (b) In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible Propertyonly. (c) Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value of the Improvements and Eligible PropertyImprovements: Tax Year Percentage Abatement 2013 70% 2014 70% 2015 7075% 2016 7075% 2017 7075% 2018 75% 2019 75% 2020 75% 2021 75% 2022 75% 2023 75% 2024 75% (1) The abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, Eligible Property, Ineligible Property, inventory or supplies. (2) All Eligible Property shall be placed and/or installed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installed. (3) The CADDistrict’s determination of values shall be used to determine the value of the property subject to this Agreement. If Owner or Lessee protests the District’s valuation of the property, the valuation placed on the property after the protest is resolved under State law shall be used. (4) On or before September 1 of each year of this Agreement, Owner and Lessee shall certify in writing to Fort Bend County Tax Assessor/Collector Owner’s compliance with each term of this Agreement to the District Tax Assessor/CollectorAgreement.

Value and Term of Abatement. (a) This Agreement shall be effective on the date executed by District County and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 20172019. In no event shall this Agreement extend beyond December 31, 20172019. This Agreement shall terminate on the completion of the abatement, unless earlier terminated as provided elsewhere herein. Owner and LesseeOwner’s obligation upon default to pay to District County any taxes abated under this Agreement shall not terminate until the abated taxes are paid. (b) In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible PropertyImprovements. (c) Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value of the Improvements and Eligible PropertyImprovements: Tax Year Percentage Abatement 2013 7050% 2014 7050% 2015 7050% 2016 7050% 2017 7050% 2018 50% 2019 50% (1) The abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, Eligible Property. Ineligible Property, inventory or supplies. (2) All Eligible Property shall be placed and/or installed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installed. (3) The CADFort Bend Central Appraisal District’s determination of values shall be used to determine the value of the property subject to this Agreement. If Owner or Lessee protests the District’s valuation of the property, the valuation placed on the property after the protest is resolved under State law shall be used. (4) On or before September 1 of each year of this Agreement, Owner and Lessee shall certify in writing to Fort Bend County Tax Assessor/Collector Owner’s compliance with each term of this Agreement to the District Tax Assessor/CollectorAgreement.

Value and Term of Abatement. (a) a. This Agreement shall be effective on the date executed by District County and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 201731 of the last day of the abatement period. In no event shall this Agreement extend beyond December 31, 201731 of the tenth year of the abatement period. This Agreement shall terminate on the completion of the abatement, unless earlier terminated as provided elsewhere herein. Owner and Lessee’s obligation Owners’ obligations upon default to pay to District County any taxes abated under this Agreement shall not terminate until the abated taxes are paid. (b) b. In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and Eligible PropertyImprovements. (c) c. Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value of the Improvements and Eligible PropertyImprovements: Tax Year Percentage Abatement 2013 70% 2014 70% 2015 70% 2016 7075% 2017 70%75% 2018 75% 2019 75% 2020 75% 2021 75% 2022 75% 2023 75% 2024 75% 2025 75% Notwithstanding the foregoing, if the Improvements are not fully completed for their intended use for any reason, Owners may elect to begin the abatement years on the January 1 following such completion, by giving written notice to the County of its election to do so. In such event one year shall be added to the tax year listed above for each year for which the Owner provides such notice. Provided, however, that the abatement may not begin later than tax year 2018, and in no event shall the abatement period exceed 10 tax years. The Owners must provide written notice to the County under this Section by November 30th of the calendar year preceding the tax year in which abatement would otherwise apply. (1) The abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, Ineligible Property, Eligible Property, inventory or supplies. (2) All Eligible Property shall be placed and/or installed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Property is placed and/or installed. (3) The CADFBCAD’s determination of values shall be used to determine the value of the property subject to this Agreement. If Owner or Lessee protests Owners protest the DistrictFBCAD’s valuation of the property, the valuation placed on the property after the protest is resolved under State law shall be used. (4) On or before September 1 of each year of this Agreement, Owner and Lessee Owners shall certify in writing to Fort Bend County Tax Assessor/Collector Owners’ compliance with each term of this Agreement Agreement. 5) Tax Abatement Reduction and Calculation a. Value of the Improvements i. The property tax abatement granted on the Value of the Improvements is reduced, as provided in this Section where the Value of the Improvements has a Value less than $12,840,000 on January 1 of any year subject to the District Tax Assessor/Collectortax abatement. ii. If the property tax abatement reduction applies in any of the years as provided in this Section, the property tax abatement is reduced by a percentage equal to $12,840,000 minus the sum of the Value of the Improvements on January 1 of that year divided by $12,840,000 times 100 ($12,840,000 – (Value of Improvements) ÷ $12.840,000) x 100% = percentage reduction). iii. An example of the percentage reduction is as follows: If on January 1, 2018, the Value of Improvements were $10,000,000, the calculation would be (($12,840,000 – $10,000,000) ÷ $12,840,000) x 100 = 22.12%. For 2018, the property tax abatement for Improvements would be reduced by 22.12% from 75% to 52.88%. b. Job Requirements i. Owners agree to maintain the Job Requirements as shown in the chart in Par. 4(f). ii. The tax abatement will be reduced if the actual number of jobs for any period is less than what is required for any specific period. iii. the reduction in the tax abatement would be calculated as follows iv. An example of the reduction is as follows: If the actual average number of Employees is 400 in any 90-day period in 2017, the percentage decrease in the actual number of Employees below the number required would be 25.1% [(534- 400) ÷ 534) = 25.1%]. The percentage of the tax abatement granted in 2018 under this Agreement would be decreased by the same percentage (75% - 25.1% = 49.9%).

Value and Term of Abatement. (a) a. This Agreement shall be effective on the date executed by District and shall terminate (unless earlier terminated in accordance with the terms hereof) on December 31, 20172028. In no event shall this Agreement extend beyond December 31, 2017. This Agreement shall terminate on the completion of the abatement, unless earlier terminated as provided elsewhere herein. Owner and Lessee’s obligation upon default to pay to District any taxes abated under this Agreement shall not terminate until the abated taxes are paid2028. (b) b. In each year that this Agreement is in effect, the amount of abatement shall be an amount equal to the percentage indicated below of the taxes assessed upon the Improvements and on the Eligible Personal Property. (c) c. Subject to the limitations imposed by law and conditioned upon the representations outlined in Section 4 herein above, there shall be granted and allowed hereunder a property tax abatement for the following years and in the following amounts on the value of the Improvements and on the value of the Eligible Personal Property: Tax Year Percentage Abatement 2013 70% 2014 70% 2015 70% 2016 70% 2017 70%: (1) The abatement granted shall not apply to the value of the Real Property, increases in the value of the Real Property, any Ineligible Property, inventory or supplies. (2) All Eligible Personal Property shall be placed and/or installed in accordance with applicable laws, ordinances, rules or regulations in effect at the time such Eligible Personal Property is placed and/or installed. (3) The CADFBCAD’s determination of values shall be used to determine the value of the property subject to this Agreement. If Owner or Lessee protests the DistrictFBCAD’s valuation of the property, the valuation placed on the property after the protest is resolved under State law shall be used. (4) On or before September 1 of each year of this Agreement, Owner and Lessee shall each certify in writing to the Fort Bend District Tax Assessor/Collector their compliance with each term of this Agreement. 5) Owner may terminate this Agreement with thirty (30) days written notification to the District. Owner shall not be entitled to a tax abatement for the year in which such termination is made. If taxes for the year of termination have been abated, the Owner shall, with such notice, make payment to the District Tax Assessor/Collectorof any abated taxes for the year of termination only with appropriate interest and penalty as the District’s sole and exclusive remedy.