Investor Grosenbacher Partnership and NB Retail, Ltd.

Agreement 0004767, filed with the Texas Comptroller by Comal County, Texas.

$2,523,356committed capital investment

$1,572,257.00grant or incentive

70%of Ad Valorem Tax Revenues abated

December 31, 2009performance deadline

The obligation

What the contract requires.

“the Owner must cause the commencement of construction of an H-E-B grocery store on the Property (the “New H-E-B”) on or before December 31, 2009”Executed agreement, p. 6

“$2,523,356”Executed agreement, p. 21

The repayment remedy

What happens if it is not met.

“The Owner shall not be required to refund to the County any Chapter 381 Payments or any other money grants and consideration previously paid to it by the County prior to such cessation of payments.”Executed agreement, p. 10

Where a deadline above has passed, no public record exists of whether it was met — not in the Comptroller’s filings, nor in the local government’s own disclosures. That is not evidence of non-compliance. Texas requires nobody to record it.

Abatement schedule · Ad Valorem Tax Revenues · p. 8

What was abated, and for how long.

70%1-25

A local abatement waives only that taxing unit’s share of the property tax bill. School districts, counties, cities and hospital districts each sign separately.

Every field, as the contract states it

The record.

Field	Value & quoted source	Page
Granting body	Comal County, TexasComal County, Texas, a political subdivision of the State of Texas (the “County”’).	1
Contracting entity	Investor Grosenbacher Partnership and NB Retail, Ltd.Investor Grosenbacher Partnership, a Texas general partnership, its successors and assigns, and NB Retail Ltd., a Texas limited partnership, its successors and assigns (collectively, the “Owner”)	1
Parent / guarantor	Barshop and Oles CompanyNB Retail, Ltd. Attn: H. Wade McGinnis Vice President, Barshop and Oles Company	12
Instrument	Chapter 381 Economic Development AgreementThis Chapter 381 Economic Development Agreement (this “Agreement”)	1
Governing chapter	Chapter 381, Local Government Code<<<PAGE 1>>> CHAPTER 381 ECONOMIC DEVELOPMENT AGREEMENT BETWEEN COMAL COUNTY, TEXAS AND INVESTOR GROSENBACHER PARTNERSHIP AND NB RETAIL, LTD.	—
Capital investment	$2,523,356$2,523,356	21
Grant or incentive	$1,572,257.00One Million Five Hundred Seventy-Two Thousand Two Hundred Fifty-Seven and No/100 Dollars ($1,572,257.00)	3
Jobs committed	Not stated in the agreement	—
Wage requirement	Not stated in the agreement	—
Square footage	Not stated in the agreement	—
Acreage	160.56 acresapproximately 160.56 acres of land	1
Performance deadline	December 31, 2009the Owner must cause the commencement of construction of an H-E-B grocery store on the Property (the “New H-E-B”) on or before December 31, 2009	6
Expiration	January 1, 2035the twenty-fifth (25th) anniversary of the Ad Valorem Tax Effective Date	4
Effective date	December 18, 2008Chapter 381 Economic Development Agreement, dated December 18, 2008	31
Signatory	J. L. Guerra, JrJ. L. Guerra, Jr’	15
Chain status	Terminal document — no later agreement in the registry names this one as its predecessor	—

How to check this page

Every line above is in the contract.

Agreement 0004767 is filed with the Texas Comptroller. Pull the PDF, go to the page number beside any row, and read the sentence. If a figure here does not match the document, tell me and it is corrected the same day.

Where the contract says nothing, the field is left empty rather than filled with a guess.

One of 1,645

Which of these are on your book?

This is a single agreement. I have read 1,645 of the 4,428 Texas has filed, resolved which have been superseded, and recorded what each commits a company to.

Send me an entity and a county and I will tell you what is on it — quoted, page-cited, checked. Free for the first one.

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