APPLE INC.

Agreement 0005256, filed with the Texas Comptroller by WILLIAMSON COUNTY.

$400,000,000committed capital investment

65%of Ad Valorem Taxes abated

December 31, 2022performance deadline

The obligation

What the contract requires.

“if the first phase of the Facility, with an assessed value of at least $50,000,000 is not constructed by December 31, 2022”Executed agreement, p. 3

“intends to create up to 4,000 Full-Time Equivalent Jobs”Executed agreement, p. 1

“expend at least $400,000,000 for the purchase of real property (“Land”), as described on the attached Exhibit “A”, and the construction thereon of buildings and other improvements”Executed agreement, p. 1

The repayment remedy

What happens if it is not met.

“County may recapture and collect from Company the amount(s) of Grants already paid by County to Company for the one (1) year directly preceding the date of the notice of default”Executed agreement, p. 6

The remedy here is discretionary — the clause says it may be applied, not that it must be.

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 Taxes · p. 4

What was abated, and for how long.

65%first tax year of the Term

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	WILLIAMSON COUNTYWILLIAMSON COUNTY (hereinafter referred to as "County")	1
Contracting entity	APPLE INC.APPLE INC. (hereinafter referred to as "Company")	1
Parent / guarantor	Not stated in the agreement	—
Instrument	GrantGrant. The word "Grant" means a payment to Company under the terms of this Agreement	2
Governing chapter	Chapter 381, Local Government CodeCHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENT This CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENT (this “Agreement") is made and entered into by and between WILLIAMSON COUNTY (hereinafter referred to as "County”), a Texas political subdivision, and APPLE INC.	—
Capital investment	$400,000,000expend at least $400,000,000 for the purchase of real property (“Land”), as described on the attached Exhibit “A”, and the construction thereon of buildings and other improvements	1
Grant or incentive	Not stated in the agreement	—
Jobs committed	4,000 recital language, not a covenantintends to create up to 4,000 Full-Time Equivalent Jobs	1
Wage requirement	Not stated in the agreement	—
Square footage	Not stated in the agreement	—
Acreage	133.767 acresThe total amount of acreage of the Land described in TRACT 1 and TRACT 2 above amounts to 133.767 acres	9
Performance deadline	December 31, 2022if the first phase of the Facility, with an assessed value of at least $50,000,000 is not constructed by December 31, 2022	3
Expiration	Not stated in the agreement	—
Effective date	December, 2018as of the ay of December, 2018 (the “Effective Date”)	1
Signatory	id. pf AAVName: id. pf AAV	8
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 0005256 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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