Novartis Gene Therapies, Inc.

Agreement 0014242, filed with the Texas Comptroller by CITY OF DENTON.

$12,000,000committed capital investment

$894,688grant or incentive

Eligible Jobspermanent jobs committed

December 31, 2029performance deadline

The obligation

What the contract requires.

“by December 31, 2029 (the “Required Completion Date’), Grantee shall have made the Improvements”Executed agreement, p. 8

“Eligible Job" means a Job which is paid an Annual Salary of at least Sixty-Five Thousand Dollars ($65,000) per year”Executed agreement, p. 5

“Improvements on the Premises which result in a combined assessed valuation of the improvements and tangible personal property (excluding inventory, vehicles, and supplies) on the Premises of at least $12,000,000”Executed agreement, p. 8

The repayment remedy

What happens if it is not met.

“If the City terminates this Agreement due to the Grantee’s breach pursuant to Section VIII.A above during the Term of this Agreement, the Grantee shall, upon demand by City, repay to City the full amounts of any Job Grant, Sales Tax Grant, or Remediation Grant paid to Grantee for the most recent past Coverage Period for which payment was made.”Executed agreement, p. 11

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

What was abated, and for how long.

—Year 1

—Year 2

—Year 3

—Year 4

—Year 5

—Year 6

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	CITY OF DENTONCITY OF DENTON	3
Contracting entity	Novartis Gene Therapies, Inc.Novartis Gene Therapies, Inc.	3
Parent / guarantor	Not stated in the agreement	—
Instrument	Economic Development AgreementECONOMIC DEVELOPMENT AGREEMENT WITH NOVARTIS GENE THERAPIES, INC.	3
Governing chapter	Chapter 380, Local Government Code25-1871 AN ORDINANCE OF THE CITY OF DENTON APPROVING AN ECONOMIC DEVELOPMENT AGREEMENT UNDER CHAPTER 380 OF THE LOCAL GOVERNMENT CODE TO PROMOTE ECONOMIC DEVELOPMENT AND TO STIMULATE BUSINESS ACTIVITY AND ECONOMIC GROWTH OF THE CITY OF DENTON BETWEEN THE CITY OF DENTON AND NOVARTIS GENE THERAPIES, INC., REGARDING THE EXPANSION OF OPERATIONS AND INCREASE IN THE NUMBER OF JOBS IN THE CITY OF DENTON;	—
Capital investment	$12,000,000Improvements on the Premises which result in a combined assessed valuation of the improvements and tangible personal property (excluding inventory, vehicles, and supplies) on the Premises of at least $12,000,000	8
Grant or incentive	$894,688AUTHORIZING THE EXPENDITURE OF FUNDS THEREFOR IN AN AMOUNT NOT-TO-EXCEED $894,688	1
Jobs committed	Eligible JobsEligible Job" means a Job which is paid an Annual Salary of at least Sixty-Five Thousand Dollars ($65,000) per year	5
Wage requirement	$65,000Eligible Job" means a Job which is paid an Annual Salary of at least Sixty-Five Thousand Dollars ($65,000) per year	5
Square footage	51,000 square footincluding the approximately 51,000 square foot development of the current facility on the Premises	4
Acreage	Not stated in the agreement	—
Performance deadline	December 31, 2029by December 31, 2029 (the “Required Completion Date’), Grantee shall have made the Improvements	8
Expiration	March 31st of the third (3") calendar year following the sixth (6) Coverage PeriodThis Agreement will terminate on the earlier to occur of (a) March 31st of the third (3") calendar year following the sixth (6) Coverage Period	16
Effective date	December 1, 2025EXECUTED and effective as of the 1" day of December , 2025	16
Signatory	Zamboldi RobertZamboldi Robert	17
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 0014242 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.

[email protected]