O-2020-IDA-106 GWB Investments, LP.

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enacted by the Legislature of the State of Texas which imposes greater restrictions on the right of City to annex land belonging to Company or imposes further obligations on City in connection therewith after the annexation of such land, Company will waive the ;right to require City to comply with any such additional restrictions or obligations and the rights of the parties shall be then; determined in accordance with the provisions of said laws as the same existed on January 1, 2019. V. This'Agreement may be extended for an additional period or periods by agreement between City and Company and/or its assigns even though;it is not extended by agreement .between City and all of the owners:of all land within the District of which it is a part. VI. A. ' In the event Company elects to protest the valuation for tax purposes set on its said properties by City or by the Harris County; Appraisal District for any year or years during the terms hereof; nothing in this Agreement shall preclude such protest and Company shall have the right to take all legal steps desired by it to reduce the same. Notwithstanding such protest by Company, and except as otherwise provided in Article VI(B), Company agrees to pay to City on or before the date therefore hereinabove provided, at least the total of :(a) the total amount of ad valorem taxes on the annexed portions, plus (b) the total amount of the "in lieu of taxes" on the ;unannexed portions of Company's hereinabove described property which ;would be due to City in accordance with the foregoing provisions of this Agreement on the basis of renditions which shall be filed by Company. When the City or Harris County Appraisal District (as the case may be) valuation on said property of Company has been so finally determined, either as the result of final judgment of a court of competent jurisdiction or as the result of other final conclusion of the- controversy, then within thirty (30) days thereafter Company shall :make payment to City of any additional payment due hereunder, or City shall make payment to Company of any refund due,. as the case may be, based on such final valuation, together with applicable penalties, interests, and costs. B. Should Company disagree with any appraisal made by the 'independent appraiser selected by City pursuant to Article II above (which shall be given in writing to Company), Company shall, within twenty (20) calendar days of receiving City's invoice, give written notice to the City of such disagreement. In the event Company does not give such written notice of disagreement within such time period, the appraisal made by said independent appraiser shall :be final and controlling for purposes of the determination of "in'.lieu of taxes" payments to be made under this Agreement. Should Company give such notice of disagreement, Company shall also