F3 LOCKHART OWNER LLC

Agreement 0008038, filed with the Texas Comptroller by CALDWELL COUNTY, TEXAS.

$65,000,000.00committed capital investment

100permanent jobs committed

25–85%of Increment attributable to that year and paid to the County abated

24 months after the issuance of the building permitperformance deadline

The obligation

What the contract requires.

“Complete construction of the Facility and obtain a Certificate of Occupancy from the City within twenty four (24) months after the issuance of the aforesaid building permit.”Executed agreement, p. 3

“Employ a minimum of one hundred (100) Full Time Equivalent ("FTE") employees”Executed agreement, p. 3

“a total investment of at least sixty-five million dollars ($65,000,000.00)”Executed agreement, p. 1

Statutory clause

This is not a performance remedy.

“if convicted of a violation under 8 U.S.C. Section 1324a (f), the Company or Lessee shall repay the taxes abated herein, and any other funds received by the Company or Lessee from the County”Executed agreement, p. 7

Texas Government Code 2264 requires this provision in every such agreement. It is triggered by employing unauthorised workers, not by missing a build or jobs target. The contract records no repayment remedy for the obligations above.

Abatement schedule · Increment attributable to that year and paid to the County · p. 4

What was abated, and for how long.

85%Year one

70%Year two

55%Year three

40%Year four

25%Year five

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	CALDWELL COUNTY, TEXASCALDWELL COUNTY, TEXAS ("County"), a political subdivision of the State of Texas	1
Contracting entity	F3 LOCKHART OWNER LLCF3 LOCKHART OWNER LLC ("Company")	1
Parent / guarantor	F3 ColdCo Lockhart LLCF3 ColdCo Lockhart LLC ("Lessee")	1
Instrument	Property Tax RebateProperty Tax Rebate Term	2
Governing chapter	Chapter 381, Local Government Code<<<PAGE 1>>> CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AGREEMENT This Chapter 381 Economic Development Program Agreement (“Agreement”) is made and entered into by and between CALDWELL COUNTY, TEXAS (“County”), a political subdivision of the State of Texas, and F3 LOCKHART OWNER LLC (“Company”) and F3 ColdCo Lockhart LLC (“Lessee”), collectively (“parties”).	—
Capital investment	$65,000,000.00a total investment of at least sixty-five million dollars ($65,000,000.00)	1
Grant or incentive	Not stated in the agreement	—
Jobs committed	100Employ a minimum of one hundred (100) Full Time Equivalent ("FTE") employees	3
Wage requirement	Not stated in the agreement	—
Square footage	300,000construct at least 300,000 square foot facility	1
Acreage	53estimated to be fifty-three (53) acres	2
Performance deadline	24 months after the issuance of the building permitComplete construction of the Facility and obtain a Certificate of Occupancy from the City within twenty four (24) months after the issuance of the aforesaid building permit.	3
Expiration	Not stated in the agreement	—
Effective date	October 10, 2023IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the 10 __dayof_ Otter , 2023.	8
Signatory	Michael WinstonMichael Winston Authorized Signatory	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 0008038 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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