ENVASES COMMERCE, LLC, AND IZ TEXAS, LLC

Agreement 0011270, filed with the Texas Comptroller by MCLENNAN COUNTY, TEXAS.

$65,000,000.00committed capital investment

50%of Personal Property abated

December 31, 2024performance deadline

The obligation

What the contract requires.

“In the event that the Companies fail to meet their obligations under this Agreement and fail to obtain the signed Certificate of Completion on or before December 31, 2024, this Agreement will be terminated and of no further force or effect.”Executed agreement, p. 5

“Envases shall invest at the Premises no less than Sixty-Five Million Dollars ($65,000,000.00) in personal property improvements”Executed agreement, p. 4

The remedy

What the contract says happens.

“If during any year during the Term of this Agreement, the amount of Property investment, less depreciation (and amortization of architectural and engineering costs, construction management fees, and permit and inspection fees), is less than the amounts required by Sections 1.2.1 and 1.2.2, City shall reduce the Incentive Grants by an amount equal to the percentage that Property Investment falls short of the amounts r”Executed agreement, p. 6

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 · Personal Property · p. 5

What was abated, and for how long.

50%Years 1 — 10

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	MCLENNAN COUNTY, TEXASMCLENNAN COUNTY, TEXAS ("COUNTY")	1
Contracting entity	ENVASES COMMERCE, LLC, AND IZ TEXAS, LLCENVASES COMMERCE, LLC, AND IZ TEXAS, LLC	1
Parent / guarantor	Not stated in the agreement	—
Instrument	Industrial Business GrantIndustrial Business Grant Agreement	1
Governing chapter	Chapter 380, Local Government Code© NOBLEA NYT ale INVANHO vs a aie id OUYNEHOS —=———$ 93a LtTHoUY : OOvM ng YOTAVN « STOHOIN SETS CI PLAN wea, ewww mer EXHIBIT “A” <<<PAGE 11>>> Docusign Envelope ID: 8701FFE6-7A42-49AE-8D40-66F 1BBOBA526 Exhibit “B” CERTIFICATE OF COMPLETION FOR AGREEMENT FOR CHAPTER 380 GRANT BETWEEN COMPANY NAME AND THE CITY OF WACO, TEXAS THE STATE OF TEXAS § § COUNTY OF MCLENNAN § “Owner”} acting by and throu	—
Capital investment	$65,000,000.00Envases shall invest at the Premises no less than Sixty-Five Million Dollars ($65,000,000.00) in personal property improvements	4
Grant or incentive	Not stated in the agreement	—
Jobs committed	Not stated in the agreement	—
Wage requirement	Not stated in the agreement	—
Square footage	Not stated in the agreement	—
Acreage	Not stated in the agreement	—
Performance deadline	December 31, 2024In the event that the Companies fail to meet their obligations under this Agreement and fail to obtain the signed Certificate of Completion on or before December 31, 2024, this Agreement will be terminated and of no further force or effect.	5
Expiration	June 30, 2035This Agreement shall be effective from the Effective Date until June 30, 2035	7
Effective date	December 31, 2024is made effective for all purposes as of December 31 , 2024	4
Signatory	Diego GeneraDieg enera, Managing Director	3
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 0011270 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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