O-2020-IDA-123 Hydro- Fairmont Real Estate, LLC.

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:.. E-traterritorial Jurisdiction", or Texas Loeal Government Code Chapter. 4.3 "Mun ci al.'An,-,*xati.on.-, is amended, or any. new P legislation is thereafter enacted by:the Legislature of the :State of .Texas which imposes greater restrictions on the right of City to...annex land belon in - g' g to:Company or imposes further obligations oh. City in connection therewith after the annexation of such Iand, 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 th .. e. provisions ofsaid laws as'the same existed on.Janiary 1, 2:019. V. This -Agree ment maybe o,xtended four an:.additional period or periods by agreement betwee7.n 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 tYeDistrict of which is is' .a part.. :...: VI A, In the event. Company :elects..to..;protest .the. .valuaton .for tax purposes stet on its said properties by City :or by the Harris: County.App..raisAl 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"-Ie al steps desired b g P y it.. :. . to reduce:the:same. Notwithstanding such protest by Company, p y, and except:: as otherwise provided in_ Article VI(B); Company agrees to pray to City on. or before, the date therefore hereinabove provided, at:l:east the total of (a,) the total amount of ad valorem taxes on the annexed portions., plus:: (b-): the tota3 amount of :the : "in lieu of taxes" on . t e--unannexed portions of Company's hereihAbove described property which .would be due to: City in accordance with: the foregoing provisions of this Agreementon 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. o finally determined, either as the result of final..judgment of a. court of competent juri diction or as the res_tit of other ::final: conclusion .o f th'e 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 Arti_Cle II above (which shall be g ven.in.writing.to Company)-, Company shall, within twenty- UQ . cale'ndar ..da*ys :of receiving City' s invoice, give . written notice: to the..City of.such disagreement: In the- event Company does not give such written .riotice of disagreement within such. time*pe'riod, the appraisal made by.said ihdepen.dent appraiser shall:be final:_and controlling: for purposes. of the: determination.: of: in lieu, of taxes" payments "to be- made under this Agreement.