.E Jeffersan BUUHEE RUTHERITY . Jacqueline SE.EE1EE EnssrUmn31E QUE EE EET EEG PEAEE Bank 113? Page 19E - 15 rot THIS AGREEMENT IS made and entered into this the 3? day of 0W, 2017, by ROXUL USA Inc. (herein ?Company THE COUNTY OF JEFFERSON COUNTY, West Virginia (herein the ?Commission?); the BOARD OF EDUCATION OF THE COUNTY OF JEFFERSON, West Virginia (herein the ?County Board?); the SHERIFF OF JEFFERSON COUNTY, WEST VIRGINIA, (herein the ?Sheriff?); the ASSESSOR OF JEFFERSON COUNTY, WEST VIRGINIA, (herein the ?Assessor?) and the RANSON CITY COUNCIL, West Virginia, (herein City of Ranson). RECITALS 1. Company desires to-develop a heavy industrial manufacturing facility (the ?Facility?) on an approximately one hundred and thirty acre (130) acre parcel of land (the ?Land?) located in the City of Ranson, Jefferson County, West Virginia, and more particularly described in Exhibit A attached hereto and made a part hereof, which Land may be purchased by Company pursuant to a letter of intent it holds. 2. The Land and the Facility, and the cost of equipping the Facility, including the acquisition and installation of new machinery and equipment therein (the ?Equipment), are collectively, referred to herein asthe ?Project?). . 3. Pursuant to this Agreement legal title in the Project will be acquired by JCDA from Company for CDA to hold starting with the conclusion of the construction period which is expected to be three (3) years from Company?s acquisition of the Land, subject to a repurchase option reserved by Company. 4. Also pursuant to this Agreement, the Project will be leased by CDA back to Company pursuant to a Lease Agreement to be entered into upon completion of construction of the Project ?the Lease?). 5. Pursuant to the Lease, Company will be required to pay, as additional advance rent, all costs in connection with the acquisition and construction of the Facility and the installation of the Equipment, which additional advance rent will be paid by Company?s remittance directly to the contractors and vendors of such sums it may owe them for providing the same. 6. During the term of the Lease, CDA will own the real and personal property which comprises the Project, subject to the Lease and other rights and interests aforesaid. 7. Pursuant to the Lease, title to any property constituting improvements, repairs, alterations, renewals, substitutions and replacements of, and additions and appurtenances to, the Project or any part thereof, when made or installed in or about the Project shall, subject to the Lease and the - other rights and interests, immediately become vested in CDA without further action on its part. 8. During the term of the Lease, freehold interest in. the real and perSonal property which comprise the Project, and which 1s covered by the Lease, will be, by law, exempt from ad valorem property taxes. 9. Company has agreed to make payments of certain amounts in lieu of ad valorem property taxes and the Commission, the County Board and City of Ranson have agreed to the acquisition, construction and equipping of the Project. I NOW, THEREFORE WITNESSETH, for and in consideration of the mutual covenants and agreements herein contained, and other good and valuable consideration, the receipt and suf?ciency of which are hereby acknowledged, the parties agree as follows: ARTICLE I REPRESENTATIONS AND WARRANTIES. ETC. Section 1.01. Commission Representations, Warranties, Agreements and Findings. The Commission hereby represents, warrants, agrees, ?nds and con?rms its ?ndings that: The Commission is a public corporation, acting on behalf of the County of Jefferson, a political subdivision of the State of West Virginia (the ?State?), validly created and existing under the Constitution and laws of the State, and IS authorized and empowered by the provisions of the Constitution and laws? of the State to enter into this Agreement. The Commission. has found, and hereby ?nds, that the agreements herein contained and the consummation of the transactions in connection herewith will promote the. public interest and public purposes by, among other things, providing certainty and soundness in ?scal planning and promoting the present and prospective prosperity, health, happiness, safety and general welfare of the people of Jefferson County. (0) The execution of this Agreement and the consummation of the transactions in connection herewith and therewith, have been approved by the Commission at one or more duly called and constituted meetings, throughout which quorums of duly elected, quali?ed and acting members of the Commission were present and. acting. The Commission?s agreement to the acquisition, construction and equipping of the Project and its authorization for the execution of this Agreement are embodied in a Resolution adopted on August 3, 2017. I Section 1.02. County Board Representations, Warranties, Agreements and Findings. The County Board hereby represents, warrants, agrees, ?nds and con?rms its ?ndings that: - The County Board is a public corporation of the State of West Virginia and has the power and authority to enter into the transaction contemplated by this Agreement. The County Board has found, and hereby ?nds, that the agreements herein contained and the consummation of the transactions in connection herewith will promote the public interest and public purposes by, among other things, providing certainty and soundness in . 2 ?scal planning and promoting the present and prospective prosperity, health, happiness, safety and general welfare of the public school students in Jefferson County. (0) The agreement to the acquisition, construction and equipping of the Project, and the authorization for the execution of this Agreement, by the County Board are embodied in a Resolutionqadopted on g5 2017 Section 1.03. Sheriff Representations. Warranties. Agreements and Findings. The Sheriff hereby represents, warrants, agrees, ?nds, and con?rms his ?ndings that: Pursuant to W. Va. Code 11A- 1- 1 et. seq., he is the of?cer responsible for collecting ad valorem property taxes levied in Jefferson County, West Virginia, and for disbursing the payments provided for 1n this Agreement. . The Sheriff has the power to enter into this Agreement and to carry out his obligations hereunder. To the knowledge of the~ Sheriff, no consent, or authorization of, or ?ling, registration or quali?cation with, any governmental or public authority on the part of the Sheriff . is required as a condition precedent to the execution, delivery or pe1formance of this Agreement by the Sheriff or as a condition precedent to the performance by the Sheriff of his duties contemplated hereby. Section 1.04. Assessor Representations, Warranties. Agreements and Findings. The Assessor hereby represents, warrants, agrees, ?nds, and con?rms his ?ndings that: Pursuant to Code 11-3-1 et seq., he is the of?cer responsible for assessing properties in Jefferson County, West Virginia, for ad valorem property tax purposes. The Assessor has the power to enter into this Agreement and to carry out his obligations hereunder. To the knowledge of the Assessor, no consent, or authorization of, or ?ling, registration or quali?cation with, any governmental or public authority on the part of the Assessor is required as a condition precedent to the execution, delivery or performance of this Agreement by the Assessor or as a condition precedent to the making of the ?ndings by the Assessor of the matters regarding the assessment of property for taxation purposes contemplated hereby. Section 1.05. City of Ranson Representations. Warranties and Agreements. The City of Ranson hereby represents, warrants, agrees, ?nds and con?rms its ?ndings that: The City of Ranson is a public corporation, acting on behalf of the County of Jefferson, a political subdivision of the State of West Virginia (the ?State?), validly created and existing under the Constitution and laws of the State, and is authorized and empowered by the provisions of the Constitution and laws of the State to enter into this Agreement. The City of Ranson has found, and hereby ?nds,.that the agreements herein contained and the consummation of the transactions in connection herewith will. promote the public interest and public purpOses by, among other things, providing certainty and soundness in ?scal planning and promoting the, present and prospective prosperity, health, happiness, safety and general welfare of the people of Jefferson County. The execution of this Agreement and the consummation of the transactions in connection herewith and therewith, have been approved by the Ranson City Council at one or more duly called and constituted meetings, throughout which quorums of duly elected, quali?ed and acting members of the Ranson City Council were present and acting. The Ranson City Council?s agreement to the acquisition, construction and equipping of the Project and its authorization for the execution of this Agreement are embodied in a Resolution adopted on July 18, 2017. Section 1.06. Companv Representations. Warranties and Agreements. Company represents, warrants and agrees that: It is a Delaware Corporation duly organized, validly existing and in good standing under the laws of Delaware, and is duly quali?ed and authorized to conduct affairs or do or transact business In the State of West Virginia, with full power and legal right to enter into this Agreement and to perform its obligations hereunder. The making and performance of this Agreement and all documents, agreements and instruments in connection herewith, on Company?s part, are not prohibited under and have been duly authorized in accordance with, and will not violate the terms and provisions of, Company?s organizing documents, and are not prohibited by, and will not violate or con?ict with or constitute a default under, any statute, order, governmental rule or regulation, agreement, instrument or document by which Company or any of its properties are bound. ARTICLE II AD VALOREM PROPERTY TREATMENT OF THE PROJECT DURING THE CONSTRUCTION PERIOD AND WHILE CDA LEASES IT TO COMPANY Section 2.01. Freehold Interest in Property Comprising the Project Shall be Exempt from Propertv Taxes. During the term of the Lease, the freehold interest of JCDA, in-all of the real and personal property which comprise the Project, shall not be subject to any ad valorem property taxes, the same being exempt by operation of law. - Section 2.02. Leasehold Interest Assessed and Taxed at Nominal Value. Except as described in this Section 2.02, the leasehold interest of Company created by the Lease, and of any assignees or sub-lessees thereunder, shall be subject to assessment, and shall be entered accordingly on the property books of Jefferson County, provided however, that the assessed values of such interests shall be the nominal value of only One for each. such interest under the Lease or any sublease or interest thereunder, it being the understanding, agreement and ?nding of the parties that: the rents, to be paid under the Lease by Company (which rents shall include, without limitation, sums suf?cient to fully construct and equip the Facility'and all costs of maintaining and insuring the Project), constitute rental payments that . equal, or signi?cantly exceed, fair market rental payments for such property during the entire term of the Lease; under the Lease, the leasehold interest of Company is not freely assignable; and the Lease does not constitute a ?bargain lease? to Company which would increase any assessment of the said leasehold interest above the said nominal value. ARTICLE ACQUISITION AND CONSTRUCTION OF THE PROJECT AND PAYMENT IN LIEU OF TAX Section 3.01. Acquisition,Construction and Equipping of the Facility. The Commission, County Board, and the City of Ranson each hereby agrees to the acquisition, construction, and equipping of the Project pursuant to this Agreement, provided that Company shall be solely responsible for such acquisition, construction and equipping of the Project. Section 3.02. Tax Exemption. The Commission, Commission, the City of Ranson, and the County Board recognize that under West Virginia law, all real and personal property owned by CDA which is part of the Project, is exempt from ad valorem property taxation. Section 3.03. Pavment in Lieu of Taxes. Once actual, physical construction of the Facility is concluded and the Facility is conveyed to JCDA, Company shall make only the payments in of lieu of taxes in the amounts, if any, shown on Attachment A, PILOT Payment Schedule attached hereto and made a part hereof, during the period that this Agreement remains in effect as provided in Section 4.02 below. The amount of the payments due under this Agreement will be based on increasing percentagesof estimates of the taxes that would be imposed, as if the Facility were fully taxable on its real estate (starting with 0% for the ?rst ?ve years), and, after the ?rst seven years, on the ad valorem property taxes that would be imposed on the salvage value of the Equipment and any other tangible personal property situate at the Facility, the taxable value of which to be determined by multiplying the book value of the Equipment and other tangible personal property, determined according to accounting standards applied by the Company in the maintenance of its regular books of account for ?nancial reporting purpOse, by ?ve percent and designated as ?Salvage Value,? and which taXes that would be imposed thereon being hereinafter designated as ?Equivalent Personal Property Tax,? all as shown in Attachment A, PILOT Payment Schedule. Company hereby agrees to make each annual payment in lieu of taxes, if and when shown to be due on Attachment A, to the Sheriff who shall distribute each such payment to the Commission, the City of Ranson and the County Board in proportion to the applicable combined levy rates (including regular and special levies, if any), for each tax year during the term of this Agreement in which such payments are made. Section 3.04. Payment in Lieu of Tax Payable in Installments. Company may pay each payment in lieu of tax payable under Subsection 3.03 in two equal installments per year, the ?rst installment of which shall be paid by each March 1 and the second installmentof which shall be paid by each September 1, as shown on Attachment A, or Company may pay the entire annual payment-amount due in a particular calendar year on or before March 1, provided however, that the ?nal payment in lieu of tax, shall be payable in full on or before March 1 of the? year in which that payment is due. Section 3.05. Events of Default: Remedies. If Company shall fail to pay any payment in lieu of taxes to the Sheriff at the times and in the amounts as prescribed herein, and such failure to pay continues for a period of 30 days after written notice thereof has been sent to Company, then and in such event, the County . Commission may take whatever! action at law or in equity may appear necessary or desirable to enforce its rights, the rights of the COunty Board and the rights of the City of Ranson under this Agreement, including, without limiting the generality of the foregoing, immediately terminating this Agreement, conveying the Project to Company and causing the assessment and collection by the Assessor and Sheriff of ad valorem taxes thereon. The County Commission shall not be obligated to do any of the acts hereinabove authorized, but, in the event that the County Commission elects to do any such act, all costs and expenses incurred by the County Commission in doing any such act shall be owed by Company hereunder. No delay or omission to exercise any right or power accruing upon any default shall impair any such right or power'or shall be construed to be a waiver thereof, but any such right and power may be exercised from time to time, as often as may be deemed expedient. ARTICLE IV GENERAL AND MISCELLANEOUS PROVISIONS Section 4.01. Expenses and Costs. Each party will bear its own respective legal and other costs and expenses associated with this Agreement and all documents, instruments and agreements in connection herewith, and the consummation of the transactions set forth herein and therein. Section 4.02. Term of This Agreement. Unless terminated sooner by the express provisions hereof, this Agreement shall remain in effect for period of nine (9) years from the date Company completes construction of the 6 Facility, for the entire term of the Lease, and any renewals thereof, or until the date that this ?nal payment in lieu of tax is paid, in accordance with Attachment A, whichever is the shortest period of time. Until the first tax year as to which the JDCA holds title to the Facility and, then, beginning with the ?rst tax year after to termination hereof, and as to Which JCDA does not hold title to the Facility, and for each tax year thereafter, so long as Company has an interest in the Facility, itshall pay the full amount of the ad valorem property taxes on the real and personal property which comprise the Facility, as determined by applicable law, regardless of whether it held fee simple title to the Project. This provision shall survive the termination of this Agreement. Section 4.03. Notices. All notices to Company, the Commission, the City of Ranson, and the County Board, the Sheriff and the Assessor with respect to this Agreement, shall be deemed to be completed upon mailing by registered or certi?ed mail, postage prepaid, addressed as follows or to such other address as shall be furnished in writing by any party to the remaining parties hereto: a) If to Company, as follows: Kenneth Cammarato Vice President, General Counsel ROXUL USA Inc. 4594 Cayce Rd. Byhalia, MS 38611 b) If to theCommission, as follows: President, Jefferson County Commission P. O. Box 250 Charles Town, West Virginia 25414 c) If to the Assessor, as follows: Assessor of Jefferson County 104 E. Washington Street Charles Town, West Virginia 25414 . d) If to the Sheriff, as follows: Sheriff of Jefferson County P. O. Box 9 Charles Town, West Virginia 25414 e) If to the County Board, as follows: Superintendent, Jefferson County Schools 110 Mordington Avenue Charles Town, West Virginia 25414 7 f) If to the City of Ranson, as follows: Mayor, Ranson, West Virginia 312 South Mildred Street Ranson, West Virginia 25438 Section 4.04. Credit for Payments Made. In the event that any amounts are paid. by Company, its successors or assigns, as ad valorem property taxes levied by the Commission or the County Board on their leasehold interests in the Project, such amounts shall be fully credited against and reduce the payments in lieu of taxes otherwise due pursuant to Article herein, and Company, its successors or assigns, shall, likewise, be entitled to a refund of the same by Virtue of any overpayment thereof resulting from such credit and reduction. Section 4.05. Use of Payments in Lieu of Taxes. Company shall not have any responsibility or liability for the application or expenditure by the Sheriff, the County Board, the City of Ranson, or by the Commission of any amount paid to the Sheriff by Company pursuant to this Agreement. The Sheriff alone shall be responsible for the proper disposition of any amount paid in lieu of tax by Company, and of any ad valorem property taxes determined to be due with respect to the Project. Subject to the Constitution and laws of the State of West Virginia, Company is hereby indemni?ed and held harmless, by the other parties hereto, fromany lawsuit or legal action, and any liability, arising from or relating to the manner in which the Sheriff distributes or the County Board or the Commission or City of Ranson applies or expends or otherwise distributes or disposes of any such amount paid by Company under this Agreement. Section 4.06. Construction. It is the intention of the parties in entering into this Agreement to provide for certainty in the assessment of ad Valorem property taxes with respect to the Project, to provide an inducement for Company to invest in the Project in Jefferson County, West Virginia, to clarify ambiguities as to the appropriate assessment of leasehold interests in the Project during the period it is leased by CDA to Company, and to providefor payments in lieu of taxes as an inducement for the Commission, the County Board, the City of Ranson, the Sheriff and the Assessor to enter into this Agreement. It is the intention of the parties that this Agreement be construed liberally in order to effect the aforesaid intent of the parties. Section 4.07. Miscellaneous. Neither this Agreement nor any provision hereof may be amended, modi?ed, waived, discharged or terminated orally, except by an instrument in writing signed by the parties hereto. With the written consent of the Commission, which consent shall not be unreasonably withheld or delayed, this Agreement may be assigned by Company and the provisions of this Agreement shall be binding upon and inure to the bene?t of the successors and assigns of each of the parties hereto. The captions in this Agreement are for the convenience of reference only and shall not de?ne or limit the provisions hereof. Section 4.08. Governing Law. This Agreement shall be governed by and construed 1n accordance with the laws of the State of West Virginia. Section 4.09. Severabilitv._ The parties hereby agree that in the event one or more portions of this Agreement shall be declared to be invalid by appropriate authority, the remaining provisions of this Agreement shall continue in full force and effect, provided, however, that should 'the aggregate ad valorem property taxes charged to Company, it successors or assigns, by the Sheriff, with respect to the PrOject, or the leasehold interests in it, in any one year after the tax year 2020, exceed the payments in lieu of taxes provided for in Article herein (prior to the adjustment as provided in Section 4.04 herein), for that year, then, at the election of Company, in its sole discretion, this Agreement may be canceled and rendered void and of no further force and effect from and after the earlier of the dates on which such taxes are paid to the Sheriff or the ownership interest of CDA is terminated. Section 4.10. Condition to Agreement Becoming Effective. Notwithstanding any other provision'herein, this Agreement shall not become effective unless and until Company acquires the Land and title, constructs the Project and transfers ownership in and to the Project to the CDA. In the event that Company does not acquire the Land, or construct the Project, or transfer ownership of the Project to the CDA it is expressly agreed that this Payment in Lieu of Taxes Agreement shall terminate and be null and void. Section 4.11. Force Maieure No Party shall be responsible for any delay or failure in performance of any part of this Agreement if such delay or failure is caused by ?re, ?ood, explosion, war, act of terror, embargo, economic crisis, government requirement, civil or military authority, act of God, or other similar causes beyond its control and without the fault or negligence of the delayed or non-performing - Party. The affected Party will notify the other Parties in writing within ten (10) days after the beginning of any such Force Majeure event. Notwithstanding, if a Party?s performance is delayed for a period exceeding thirty (30) days from the date the other Parties receives notice under this paragraph, the non- affected Parties may, without any liability to the other Parties, terminate this agreement Section 4.13 Press Release Neither party shall issue any press releases or make public announcements relating to this Agreement without the other party?s prior written approval, which approval shall not be unreasonably withheld, conditioned or delayed; provided, however, that nothing in this Section shall impair either party?s compliance with law or regulation generally or?with any requirements 9 of the Securities'and Exchange Commission or of any national securities exchange or other stock market on which such party?s securities are traded. - Section 4.14. Expansion Operations. If. at any time, the Company anticipates a substantial expansion of its operations in the County beyond the sc0pe currently planned for the Project, and has met or exceeded the Project thresholds, the County will review such any expansion plans with the intent to provide additional economic development incentives to'the Company but shall not have an obligation to provide any particular incentives to the Company in respect of such expansion. Section 4.15 Contingencies This Agreement is, made expressly contingent upon the occurrence of the following conditions precedent (?Project Contingencies?), the failure of any of which will entitle Company to unilaterally terminate this Agreement without any penalty or obligation: a) Site Acquisition: Company shall close on the Land within 180 days of fully executing this Agreement (?Site Closing) and upon terms and conditions acceptable to Company, including, but not limited to, Company being able to obtain acceptable representations, warranties, covenants, indemnities, and title-for the Land and contingent upon the completion of the subdivision and rezoning of the parcel by the seller; b) PSD air permit: Company shall obtain an appropriate PSD air permit from the West Virginia Department of Environmental Protection no later than the second quarter of 2018. 0) Zoning and Land Use: Company, or designated third party, shall obtain and secure all lot changes, zoning changes, permits, including PSD air permits, and/or any other land use approvals necessary to use and operate the Facility at the West Virginia Site in accordance with its intended plans. d) Voluntary Remediation Program: The Land shall be eligible to participate in the West Virginia Voluntary Remediation Program (the ?Remediation Program?) and obtain or receive a Certi?cate of Completion under the Remediation Program from the West Virginia Department of Environmental Protection that provides Roxul acceptable immunity from liability as determined by Company in its sole discretion; 6) Board Approval. Company shall obtain and secure necessary approval from its Board of Directors to make the Final Investment Decision to construct and operate the Facility at the West Virginia Site within 180 days of fully executing this Agreement. 0 Third Party Commitments. the Company shall negotiate independent agreements and/or memorandums of understanding with the City of Ranson and the State of West Virginia acceptable to Company prior to the Site Closing. 10 Section 4.16. Indemni?cation. Company agrees, whether or not the transactions contemplated by this Agreement or the Lease shall be consummated, to protect, indemnify and save CDA, the Commission, the County Board, the City of Ranson, the Sheriff and the Assessor (hereinafter individually called ?Indemni?ed Party? and collectively called the ?Indemni?ed Parties?) harmless from and against all liability, loses, damages, costs, reasonable expenses (including reasonable counsel fees), taxes, causes of action, suits, claims, demands and judgments of any nature or form, by or on behalf of any person arising. in any manner frOm the transactions of Which this Agreement is a' part or arising in any manner. in connection with the Project, and, without limiting the generality of the foregoing, arising from this Agreement [except the representations, warranties, and obligations expressly made and undertaken by the Indemni?ed Parties hereby], (ii) the design, - acquisition, construction, installation, operation, use, occupancy, maintenance, ownership .or leasing of the Project; any written statements or representations made or given by Company or any of its of?cers, employees or agents to any person, with respect to Company, the Project, and any ?nancing therefor, including, but not limited to, statements or representations of facts, ?nancialinformation or corporate affairs; (iv) damage to property or any injury to or death of any person that may be occasioned by any cause whatsoever pertaining to the Project; any breach or default on the part of Company in the performance of any of its obligations under this Agreement; (vi) any violation of contract, agreement or restriction by Company relating to the Project; or (vii) any violation of law, ordinance or regulation affecting the Project or any part thereof or the ownership or occupancy or use thereof. In the event that any action or proceeding is brought against any of the Indemni?ed Parties by reason of any such claim, such action or proceeding shall be defended against by counsel to such Indemni?ed Party or Indemni?ed Parties or by Company, as the Indemni?ed Party or Indemni?ed Parties, upon advice of counsel, shall determine. In the event such defense is by counsel to the Indemni?ed Party or Indemni?ed Parties, Company shall indemnify the Indemni?ed Party or Indemni?ed Parties for reasonable costs of counsel allocated to such defense and charged to the Indemni?ed Party or Indemni?ed Parties. Company, upon notice from an Indemni?ed Party, shall resist and defend such an action or proceeding on behalf of such Indemni?ed Party. The provisions of this Section shall apply to any claim or liability not resulting from an Indemni?ed Party?s own? negligence, but shall not apply to any claim or liability resulting from an Indemni?ed Party?s negligence, bad faith, fraud or deceit or for any claim or liability which Company was not given the Opportunity to contest. The provisions of this Section 4.16 shall survive the termination of this Agreement. [Remainder of Page Intentionally Left Blank] ll IN WITNESS WHEREOF, the parties have signed this Agreement as of the date first written above. Its: THE COUN COMMISSION OF JEFF EISO OUNTY, WEST VIRGINIA 1 Its: \I?t?sma?d?f i 150,1. By: 0f Jef eson County, West CITY OF RANSON, WE VIRGIN By: Its: Ma ASSESSOR OF JEFFERSON COUNTY, WEST GINIA By: ?aw X?m vv' SHERIFF OF JEFFERSON COUNTY, WEST VIRGINIA By% fl: -- . >wg/Lk?z) THE BOARD OF EDUCATION JEFFERSON COU Y, WE VIRGINIA By: ?5 Its: 12 ACKNOWLEDGNIENTS State of ?S5i63ipi?7i County of D9 60% . . -. Slgned or attested before 6 on i ?3 iZDl?i ?2295.a?FOZmiss/o?f Wl?o? (Notary Public) min. e, 20 . . . ?03, 20M My Expires 310 State of West Virginia County of Jefferson Signed or attested before me on August 22, 2017, Peter . (Notary Public) My Commission Expires December 16, 2023. mommgoza State of West Virginia County of Jefferson Signed or attested before me on August 25, 2017, by Jacqueline C. Shadle, Peter J. Dougherty, Keith D. Pierson and Angela L. Banks. Wab?dmwwu 5 My Public) My Commission Expires December 16, 2023. State of West Virginia County of Jefferson . Signed or attested before (Notary Public) My Commission Expires QM 4? Lb 34333.? 3. ?3 I 31333372? 5.,11. cw JEFFERSON ORCHARDS CITY OF RANSON. WEST VIRGINIA PARCEL EXHIBIT HBHS ?oz-09w Attachment A - PILOT Payment Schedule Payment Date September 1, 2029 Real Estate Personal Pronerty September 1, 2018 September 1, 2019 Septemberl, 2020 $225,000 September 1, 2021 $0 $0 September 1, 2022 $0 $0 September 1, 2023 $0 $0 September 1, 2024 $0 $0 September 1, 2025 $0 $0 September 1, 2026 $90,000 $0 September 1, 2027 1 $180,000 $0 September 1, 2028 $725,000 $815,000 . ?Equivalent Personal Property Tax (EPPT) which shall be equal to the amount of ad valorem property tax chargeable against the tangible personal property of the Project were it fully taxable and appraised at salvage value based on 5% of Its book value. 8882871 .1 14