Common use of FILOT PAYMENTS Clause in Contracts

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 SECTION 4.04 REMOVAL OF EQUIPMENT 12 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 SECTION 5.02 RIGHTS TO INSPECT 14 SECTION 5.03 CONFIDENTIALITY 14 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 SECTION 5.06 INDEMNIFICATION COVENANTS 15 SECTION 5.07 QUALIFICATION IN STATE 16 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 SECTION 5.10 ADMINISTRATION EXPENSES 17 SECTION 5.11 PRIORITY LIEN STATUS 17 SECTION 5.12 INTEREST; PENALTIES 17 SECTION 5.13 SPONSOR AFFILIATES 17 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 SECTION 4.04 REMOVAL OF EQUIPMENT 12 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 13 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 SECTION 5.02 RIGHTS TO INSPECT 14 SECTION 5.03 CONFIDENTIALITY 14 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 SECTION 5.06 INDEMNIFICATION COVENANTS 15 SECTION 5.07 QUALIFICATION IN STATE 16 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 SECTION 5.10 ADMINISTRATION EXPENSES 17 SECTION 5.11 PRIORITY LIEN STATUS 17 SECTION 5.12 INTEREST; PENALTIES 17 SECTION 5.13 SPONSOR AFFILIATES 17 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 10 SECTION 4.04 4.03 REMOVAL OF EQUIPMENT 12 10 SECTION 4.05 4.04 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 11 SECTION 4.06 4.05 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 11 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 12 SECTION 5.02 RIGHTS TO INSPECT 14 12 SECTION 5.03 CONFIDENTIALITY 14 12 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 13 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 13 SECTION 5.06 INDEMNIFICATION COVENANTS 15 13 SECTION 5.07 QUALIFICATION IN STATE 16 14 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 14 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 14 SECTION 5.10 ADMINISTRATION EXPENSES 17 15 SECTION 5.11 PRIORITY LIEN STATUS 17 15 SECTION 5.12 INTEREST; PENALTIES 17 15 SECTION 5.13 SPONSOR AFFILIATES 17 16 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 9 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 10 SECTION 4.04 REMOVAL OF EQUIPMENT 12 11 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 11 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 11 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 13 SECTION 5.02 RIGHTS TO INSPECT 14 13 SECTION 5.03 CONFIDENTIALITY 14 13 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 14 SECTION 5.06 INDEMNIFICATION COVENANTS 15 14 SECTION 5.07 QUALIFICATION IN STATE 16 15 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 15 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 15 SECTION 5.10 ADMINISTRATION EXPENSES 17 16 SECTION 5.11 PRIORITY LIEN STATUS 17 16 SECTION 5.12 INTEREST; PENALTIES 17 16 SECTION 5.13 SPONSOR AFFILIATES 17 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 8 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 9 SECTION 4.03 FAILURE TO ACHIEVE FILOT ACT MINIMUM INVESTMENT REQUIREMENTS 12 10 SECTION 4.04 REMOVAL OF EQUIPMENT 12 11 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 11 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 11 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 13 SECTION 5.02 RIGHTS TO INSPECT 14 13 SECTION 5.03 CONFIDENTIALITY 14 13 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 13 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 14 SECTION 5.06 INDEMNIFICATION COVENANTS 15 14 SECTION 5.07 QUALIFICATION IN STATE 16 15 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 15 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 15 SECTION 5.10 ADMINISTRATION EXPENSES 17 16 SECTION 5.11 PRIORITY LIEN STATUS 17 16 SECTION 5.12 INTEREST; PENALTIES 17 16 SECTION 5.13 SPONSOR AFFILIATES 17 16 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 11 SECTION 4.02 REAL PROPERTY SPECIAL SOURCE REVENUE CREDITS 11 12 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 REQUIREMENT 13 SECTION 4.04 REMOVAL OF EQUIPMENT 12 14 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 14 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 15 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 16 SECTION 5.02 RIGHTS TO INSPECT 14 16 SECTION 5.03 CONFIDENTIALITY 14 16 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 16 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 17 SECTION 5.06 INDEMNIFICATION COVENANTS 15 17 SECTION 5.07 QUALIFICATION IN STATE 16 18 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 18 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 18 SECTION 5.10 ADMINISTRATION EXPENSES 17 19 SECTION 5.11 PRIORITY LIEN STATUS 17 19 SECTION 5.12 INTEREST; PENALTIES 17 19 SECTION 5.13 SPONSOR AFFILIATES 17 19 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 11 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 12 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 REQUIREMENT 13 SECTION 4.04 REMOVAL OF EQUIPMENT 12 14 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 14 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 15 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 16 SECTION 5.02 RIGHTS TO INSPECT 14 16 SECTION 5.03 CONFIDENTIALITY 14 16 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 16 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 17 SECTION 5.06 INDEMNIFICATION COVENANTS 15 17 SECTION 5.07 QUALIFICATION IN STATE 16 18 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 18 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 18 SECTION 5.10 ADMINISTRATION EXPENSES 17 19 SECTION 5.11 PRIORITY LIEN STATUS 17 19 SECTION 5.12 INTEREST; PENALTIES 17 19 SECTION 5.13 SPONSOR AFFILIATES 17 19 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 REQUIREMENT 10 SECTION 4.04 4.03 REMOVAL OF EQUIPMENT 12 11 SECTION 4.05 4.04 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 11 SECTION 4.06 4.05 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 11 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 13 SECTION 5.02 RIGHTS TO INSPECT 14 13 SECTION 5.03 CONFIDENTIALITY 14 13 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 14 SECTION 5.06 INDEMNIFICATION COVENANTS 15 14 SECTION 5.07 QUALIFICATION IN STATE 16 15 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 15 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 15 SECTION 5.10 ADMINISTRATION EXPENSES 17 16 SECTION 5.11 PRIORITY LIEN STATUS 17 16 SECTION 5.12 INTEREST; PENALTIES 17 16 SECTION 5.13 SPONSOR AFFILIATES 17 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 [intentionally omitted] 10 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 REQUIREMENT 10 SECTION 4.04 REMOVAL OF EQUIPMENT 12 10 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 11 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 11 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 12 SECTION 5.02 RIGHTS TO INSPECT 14 12 SECTION 5.03 CONFIDENTIALITY 14 12 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 13 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 13 SECTION 5.06 INDEMNIFICATION COVENANTS 15 13 SECTION 5.07 QUALIFICATION IN STATE 16 14 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 14 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 14 SECTION 5.10 ADMINISTRATION EXPENSES 17 15 SECTION 5.11 PRIORITY LIEN STATUS 17 15 SECTION 5.12 INTEREST; PENALTIES 17 15 SECTION 5.13 SPONSOR AFFILIATES 17 15 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 RESERVED ERROR! BOOKMARK NOT DEFINED. SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 10 SECTION 4.04 REMOVAL OF EQUIPMENT 12 10 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 11 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 11 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 12 SECTION 5.02 RIGHTS TO INSPECT 14 12 SECTION 5.03 CONFIDENTIALITY 14 12 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 13 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 13 SECTION 5.06 INDEMNIFICATION COVENANTS 15 13 SECTION 5.07 QUALIFICATION IN STATE 16 14 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 14 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 14 SECTION 5.10 ADMINISTRATION EXPENSES 17 15 SECTION 5.11 PRIORITY LIEN STATUS 17 15 SECTION 5.12 INTEREST; PENALTIES 17 15 SECTION 5.13 SPONSOR AFFILIATES 17 16 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 11 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 [INTENTIONALLY OMITTED] 12 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 REQUIREMENT 13 SECTION 4.04 REMOVAL OF EQUIPMENT 12 14 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 14 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 15 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 16 SECTION 5.02 RIGHTS TO INSPECT 14 16 SECTION 5.03 CONFIDENTIALITY 14 16 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 16 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 17 SECTION 5.06 INDEMNIFICATION COVENANTS 15 17 SECTION 5.07 QUALIFICATION IN STATE 16 18 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 18 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 18 SECTION 5.10 ADMINISTRATION EXPENSES 17 19 SECTION 5.11 PRIORITY LIEN STATUS 17 19 SECTION 5.12 INTEREST; PENALTIES 17 19 SECTION 5.13 SPONSOR AFFILIATES 17 19 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS REQUIREMENT 12 SECTION 4.04 REMOVAL OF EQUIPMENT 12 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 SECTION 5.02 RIGHTS TO INSPECT 14 SECTION 5.03 CONFIDENTIALITY 14 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 SECTION 5.06 INDEMNIFICATION COVENANTS 15 SECTION 5.07 QUALIFICATION IN STATE 16 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 SECTION 5.10 ADMINISTRATION EXPENSES 17 SECTION 5.11 PRIORITY LIEN STATUS 17 SECTION 5.12 INTEREST; PENALTIES 17 SECTION 5.13 SPONSOR AFFILIATES 17 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 100 SECTION 4.04 4.03 REMOVAL OF EQUIPMENT 12 111 SECTION 4.05 4.04 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 111 SECTION 4.06 4.05 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 111 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 13 SECTION 5.02 RIGHTS TO INSPECT 14 13 SECTION 5.03 CONFIDENTIALITY 14 13 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 14 SECTION 5.06 INDEMNIFICATION COVENANTS 15 14 SECTION 5.07 QUALIFICATION IN STATE 16 15 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 15 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 15 SECTION 5.10 ADMINISTRATION EXPENSES 17 16 SECTION 5.11 PRIORITY LIEN STATUS 17 16 SECTION 5.12 INTEREST; PENALTIES 17 16 SECTION 5.13 SPONSOR AFFILIATES 17 16 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 8 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 [RESERVED] 9 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 REQUIREMENT 9 SECTION 4.04 REMOVAL OF EQUIPMENT 12 9 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 10 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 10 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 11 SECTION 5.02 RIGHTS TO INSPECT 14 11 SECTION 5.03 CONFIDENTIALITY 14 11 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 11 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 12 SECTION 5.06 INDEMNIFICATION COVENANTS 15 12 SECTION 5.07 QUALIFICATION IN STATE 16 13 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 13 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 13 SECTION 5.10 ADMINISTRATION EXPENSES 17 14 SECTION 5.11 PRIORITY LIEN STATUS 17 14 SECTION 5.12 INTEREST; PENALTIES 17 14 SECTION 5.13 SPONSOR AFFILIATES 17 14 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 RESERVED 10 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 REQUIREMENT 10 SECTION 4.04 REMOVAL OF EQUIPMENT 12 10 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 11 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 11 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 12 SECTION 5.02 RIGHTS TO INSPECT 14 12 SECTION 5.03 CONFIDENTIALITY 14 12 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 13 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 13 SECTION 5.06 INDEMNIFICATION COVENANTS 15 13 SECTION 5.07 QUALIFICATION IN STATE 16 14 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 14 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 14 SECTION 5.10 ADMINISTRATION EXPENSES 17 15 SECTION 5.11 PRIORITY LIEN STATUS 17 15 SECTION 5.12 INTEREST; PENALTIES 17 15 SECTION 5.13 SPONSOR AFFILIATES 17 16 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 RESERVED ERROR! BOOKMARK NOT DEFINED. SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 10 SECTION 4.04 REMOVAL OF EQUIPMENT 12 10 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 11 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 11 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 12 SECTION 5.02 RIGHTS TO INSPECT 14 12 SECTION 5.03 CONFIDENTIALITY 14 12 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 13 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 13 SECTION 5.06 INDEMNIFICATION COVENANTS 15 13 SECTION 5.07 QUALIFICATION IN STATE 16 14 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 14 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 14 SECTION 5.10 ADMINISTRATION EXPENSES 17 15 SECTION 5.11 PRIORITY LIEN STATUS 17 15 SECTION 5.12 INTEREST; PENALTIES 17 15 SECTION 5.13 SPONSOR AFFILIATES 17 15 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 11 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 12 SECTION 4.03 FAILURE TO ACHIEVE CLAWBACK MINIMUM INVESTMENT REQUIREMENTS 12 REQUIREMENT 13 SECTION 4.04 REMOVAL OF EQUIPMENT 12 13 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 14 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 14 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 16 SECTION 5.02 RIGHTS TO INSPECT 14 16 SECTION 5.03 CONFIDENTIALITY 14 16 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 17 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 17 SECTION 5.06 INDEMNIFICATION COVENANTS 15 17 SECTION 5.07 QUALIFICATION IN STATE 16 18 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 18 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 18 SECTION 5.10 ADMINISTRATION EXPENSES 17 19 SECTION 5.11 PRIORITY LIEN STATUS 17 19 SECTION 5.12 INTEREST; PENALTIES 17 19 SECTION 5.13 SPONSOR AFFILIATES 17 20 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 11 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 [INTENTIONALLY OMITTED] 12 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 REQUIREMENT 13 SECTION 4.04 REMOVAL OF EQUIPMENT 12 COMPONENTS OF THE PROJECT 14 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 14 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 15 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 16 SECTION 5.02 RIGHTS TO INSPECT 14 16 SECTION 5.03 CONFIDENTIALITY 14 16 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 16 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 17 SECTION 5.06 INDEMNIFICATION COVENANTS 15 17 SECTION 5.07 QUALIFICATION IN STATE 16 18 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 18 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 18 SECTION 5.10 ADMINISTRATION EXPENSES 17 19 SECTION 5.11 PRIORITY LIEN STATUS 17 19 SECTION 5.12 INTEREST; PENALTIES 17 19 SECTION 5.13 SPONSOR AFFILIATES 17 19 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 12 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 13 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 14 SECTION 4.04 REMOVAL OF EQUIPMENT 12 14 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 15 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 15 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 16 SECTION 5.02 RIGHTS TO INSPECT 14 16 SECTION 5.03 CONFIDENTIALITY 14 16 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 16 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 17 SECTION 5.06 INDEMNIFICATION COVENANTS 15 17 SECTION 5.07 QUALIFICATION IN STATE 16 18 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 18 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 18 SECTION 5.10 ADMINISTRATION EXPENSES 17 19 SECTION 5.11 PRIORITY LIEN STATUS 17 19 SECTION 5.12 INTEREST; PENALTIES 17 19 SECTION 5.13 SPONSOR AFFILIATES 17 19 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 11 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 INTENTIONALLY OMITTED 12 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 13 SECTION 4.04 REMOVAL OF EQUIPMENT 12 14 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 14 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 14 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 16 SECTION 5.02 RIGHTS TO INSPECT 14 16 SECTION 5.03 CONFIDENTIALITY 14 16 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 16 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 17 SECTION 5.06 INDEMNIFICATION COVENANTS 15 17 SECTION 5.07 QUALIFICATION IN STATE 16 18 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 18 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 18 SECTION 5.10 ADMINISTRATION EXPENSES 17 19 SECTION 5.11 PRIORITY LIEN STATUS 17 19 SECTION 5.12 INTEREST; PENALTIES 17 19 SECTION 5.13 SPONSOR AFFILIATES 17 ARTICLE VI19

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 [RESERVED] 10 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 10 SECTION 4.04 REMOVAL OF EQUIPMENT 12 10 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 11 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 11 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 12 SECTION 5.02 RIGHTS TO INSPECT 14 12 SECTION 5.03 CONFIDENTIALITY 14 12 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 13 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 13 SECTION 5.06 INDEMNIFICATION COVENANTS 15 13 SECTION 5.07 QUALIFICATION IN STATE 16 14 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 14 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 14 SECTION 5.10 ADMINISTRATION EXPENSES 17 15 SECTION 5.11 PRIORITY LIEN STATUS 17 15 SECTION 5.12 INTEREST; PENALTIES 17 15 SECTION 5.13 SPONSOR AFFILIATES 15 ARTICLE VI DEFAULT SECTION 6.01 EVENTS OF DEFAULT 17 SECTION 6.02 REMEDIES UPON DEFAULT 17 SECTION 6.03 REIMBURSEMENT OF LEGAL FEES AND EXPENSES AND OTHER EXPENSES 18 SECTION 6.04 NO WAIVER 18 ARTICLE VIVII MISCELLANEOUS SECTION 7.01 NOTICES 19 SECTION 7.02 BINDING EFFECT 19 SECTION 7.03 COUNTERPARTS 20 SECTION 7.04 GOVERNING LAW 20 SECTION 7.05 HEADINGS 20 SECTION 7.06 AMENDMENTS 20 SECTION 7.07 FURTHER ASSURANCE 20 SECTION 7.08 INVALIDITY; CHANGE IN LAWS 20 SECTION 7.09 TERMINATION BY COMPANY 20 SECTION 7.10 ENTIRE UNDERSTANDING 21 SECTION 7.11 WAIVER 21 SECTION 7.12 BUSINESS DAY 21 EXHIBIT A – DESCRIPTION OF LAND EXHIBIT B – INVESTMENT CERTIFICATION SUMMARY OF CONTENTS OF FEE IN LIEU OF TAX AGREEMENT As permitted under Section 12-44-55(B), Code of Laws of South Carolina 1976, as amended (the “Code”), the parties have agreed to waive the requirements of Section 12-44-55 of the Code. The following is a summary of the key provisions of this Fee in Lieu of Tax Agreement. This summary is inserted for convenience only and does not constitute a part of this Fee in Lieu of Tax Agreement or a summary compliant with Section 12-44-55 of the Code. Company Name: TransTech of South Carolina, Inc. Project Name: Project Triple Projected Investment: $5,519,000 Projected Jobs: 85 Location (street): Beechtree Boulevard Tax Map No.:

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 8 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 RESERVED 9 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 REQUIREMENT 9 SECTION 4.04 REMOVAL OF EQUIPMENT 12 9 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 9 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 10 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 11 SECTION 5.02 RIGHTS TO INSPECT 14 11 SECTION 5.03 CONFIDENTIALITY 14 11 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 12 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 12 SECTION 5.06 INDEMNIFICATION COVENANTS 15 12 SECTION 5.07 QUALIFICATION IN STATE 16 13 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 13 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 13 SECTION 5.10 ADMINISTRATION EXPENSES 17 14 SECTION 5.11 PRIORITY LIEN STATUS 17 14 SECTION 5.12 INTEREST; PENALTIES 17 14 SECTION 5.13 SPONSOR AFFILIATES 17 15 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 11 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 12 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 13 SECTION 4.04 REMOVAL OF EQUIPMENT 12 14 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 14 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 14 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 16 SECTION 5.02 RIGHTS TO INSPECT 14 16 SECTION 5.03 CONFIDENTIALITY 14 16 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 16 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 17 SECTION 5.06 INDEMNIFICATION COVENANTS 15 RESERVED 17 SECTION 5.07 QUALIFICATION IN STATE 16 18 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 18 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 18 SECTION 5.10 ADMINISTRATION EXPENSES 17 19 SECTION 5.11 PRIORITY LIEN STATUS 17 19 SECTION 5.12 INTEREST; PENALTIES 17 19 SECTION 5.13 SPONSOR AFFILIATES 17 19 SECTION 5.14 NO SHORT TERM RENTAL 19 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 INTENTIONALLY OMITTED 10 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 REQUIREMENT 10 SECTION 4.04 REMOVAL OF EQUIPMENT 12 10 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 11 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 11 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 12 SECTION 5.02 RIGHTS TO INSPECT 14 12 SECTION 5.03 CONFIDENTIALITY 14 12 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 13 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 13 SECTION 5.06 INDEMNIFICATION COVENANTS 15 13 SECTION 5.07 QUALIFICATION IN STATE 16 14 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 14 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 14 SECTION 5.10 ADMINISTRATION EXPENSES 17 15 SECTION 5.11 PRIORITY LIEN STATUS 17 15 SECTION 5.12 INTEREST; PENALTIES 17 15 SECTION 5.13 SPONSOR AFFILIATES 17 ARTICLE VI15

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 10 SECTION 4.04 4.03 REMOVAL OF EQUIPMENT 12 11 SECTION 4.05 4.04 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 11 SECTION 4.06 4.05 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 11 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 12 SECTION 5.02 RIGHTS TO INSPECT 14 12 SECTION 5.03 CONFIDENTIALITY 14 12 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 13 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 13 SECTION 5.06 INDEMNIFICATION COVENANTS 15 13 SECTION 5.07 QUALIFICATION IN STATE 16 14 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 14 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 14 SECTION 5.10 ADMINISTRATION EXPENSES 17 15 SECTION 5.11 PRIORITY LIEN STATUS 17 15 SECTION 5.12 INTEREST; PENALTIES 17 15 SECTION 5.13 SPONSOR AFFILIATES 15 ARTICLE VI DEFAULT SECTION 6.01 EVENTS OF DEFAULT 17 SECTION 6.02 REMEDIES UPON DEFAULT 17 SECTION 6.03 REIMBURSEMENT OF LEGAL FEES AND EXPENSES AND OTHER EXPENSES 18 SECTION 6.04 NO WAIVER 18 ARTICLE VIVII MISCELLANEOUS SECTION 7.01 NOTICES 19 SECTION 7.02 BINDING EFFECT 19 SECTION 7.03 COUNTERPARTS 20 SECTION 7.04 GOVERNING LAW 20 SECTION 7.05 HEADINGS 20 SECTION 7.06 AMENDMENTS 20 SECTION 7.07 FURTHER ASSURANCE 20 SECTION 7.08 INVALIDITY; CHANGE IN LAWS 20 SECTION 7.09 TERMINATION BY COMPANY 20 SECTION 7.10 ENTIRE UNDERSTANDING 21 SECTION 7.11 WAIVER 21 SECTION 7.12 BUSINESS DAY 21 EXHIBIT A – DESCRIPTION OF LAND EXHIBIT B – INVESTMENT CERTIFICATION SUMMARY OF CONTENTS OF FEE IN LIEU OF TAX AGREEMENT As permitted under Section 12-44-55(B), Code of Laws of South Carolina 1976, as amended (the “Code”), the parties have agreed to waive the requirements of Section 12-44-55 of the Code. The following is a summary of the key provisions of this Fee in Lieu of Tax Agreement. This summary is inserted for convenience only and does not constitute a part of this Fee in Lieu of Tax Agreement or a summary compliant with Section 12-44-55 of the Code. Company Name: Haydale Ceramic Technologies, LLC Project Name: Project Ceramic Projected Investment: $2,500,000.00 Projected Jobs: 6 Location (street): 0000 X Xxxxxxxx Xxxx Xxxxxxxxxx XX 00000 Tax Map No.: 0528030101006; 0528030101008

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 12 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 13 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 14 SECTION 4.04 REMOVAL OF EQUIPMENT 12 15 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 15 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 15 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 17 SECTION 5.02 RIGHTS TO INSPECT 14 17 SECTION 5.03 CONFIDENTIALITY 14 17 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 17 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 18 SECTION 5.06 INDEMNIFICATION COVENANTS 15 RESERVED ERROR! BOOKMARK NOT DEFINED. SECTION 5.07 QUALIFICATION IN STATE 16 18 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 19 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 19 SECTION 5.10 ADMINISTRATION EXPENSES 17 20 SECTION 5.11 PRIORITY LIEN STATUS 17 20 SECTION 5.12 INTEREST; PENALTIES 17 20 SECTION 5.13 SPONSOR AFFILIATES 17 20 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 10 SECTION 4.04 4.03 REMOVAL OF EQUIPMENT 12 10 SECTION 4.05 4.04 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 11 SECTION 4.06 4.05 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 11 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 12 SECTION 5.02 RIGHTS TO INSPECT 14 12 SECTION 5.03 CONFIDENTIALITY 14 12 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 13 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 13 SECTION 5.06 INDEMNIFICATION COVENANTS 15 13 SECTION 5.07 QUALIFICATION IN STATE 16 14 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 14 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 14 SECTION 5.10 ADMINISTRATION EXPENSES 17 15 SECTION 5.11 PRIORITY LIEN STATUS 17 15 SECTION 5.12 INTEREST; PENALTIES 17 15 SECTION 5.13 SPONSOR AFFILIATES 15 ARTICLE VI DEFAULT SECTION 6.01 EVENTS OF DEFAULT 17 SECTION 6.02 REMEDIES UPON DEFAULT 17 SECTION 6.03 REIMBURSEMENT OF LEGAL FEES AND EXPENSES AND OTHER EXPENSES 18 SECTION 6.04 NO WAIVER 18 ARTICLE VIVII MISCELLANEOUS SECTION 7.01 NOTICES 19 SECTION 7.02 BINDING EFFECT 19 SECTION 7.03 COUNTERPARTS 20 SECTION 7.04 GOVERNING LAW 20 SECTION 7.05 HEADINGS 20 SECTION 7.06 AMENDMENTS 20 SECTION 7.07 FURTHER ASSURANCE 20 SECTION 7.08 INVALIDITY; CHANGE IN LAWS 20 SECTION 7.09 TERMINATION BY COMPANY 20 SECTION 7.10 ENTIRE UNDERSTANDING 21 SECTION 7.11 WAIVER 21 SECTION 7.12 BUSINESS DAY 21 EXHIBIT A – DESCRIPTION OF PREMISES EXHIBIT B – INVESTMENT CERTIFICATION SUMMARY OF CONTENTS OF FEE IN LIEU OF TAX AGREEMENT As permitted under Section 12-44-55(B), Code of Laws of South Carolina 1976, as amended (the “Code”), the parties have agreed to waive the requirements of Section 12-44-55 of the Code. The following is a summary of the key provisions of this Fee in Lieu of Tax Agreement. This summary is inserted for convenience only and does not constitute a part of this Fee in Lieu of Tax Agreement or a summary compliant with Section 12-44-55 of the Code. Company Name: Project Name: Project Infinity Projected Investment: $2,850,000 Projected Jobs: N/A Location (street): 000 Xxxxxx Xxxxx Xxxxxx Tax Map No.: 0530070100701 and 0530070100702 Xxxxxxxxxx, XX 00000 Tax Dist. 207

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 [RESERVED] 10 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 10 SECTION 4.04 REMOVAL OF EQUIPMENT 12 10 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 11 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 11 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 12 SECTION 5.02 RIGHTS TO INSPECT 14 12 SECTION 5.03 CONFIDENTIALITY 14 12 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 13 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 13 SECTION 5.06 INDEMNIFICATION COVENANTS 15 13 SECTION 5.07 QUALIFICATION IN STATE 16 14 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 14 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 14 SECTION 5.10 ADMINISTRATION EXPENSES 17 15 SECTION 5.11 PRIORITY LIEN STATUS 17 15 SECTION 5.12 INTEREST; PENALTIES 17 15 SECTION 5.13 SPONSOR AFFILIATES 17 15 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 10 SECTION 4.04 4.03 REMOVAL OF EQUIPMENT 12 10 SECTION 4.05 4.04 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 10 SECTION 4.06 4.05 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 11 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 12 SECTION 5.02 RIGHTS TO INSPECT 14 12 SECTION 5.03 CONFIDENTIALITY 14 12 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 13 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 13 SECTION 5.06 INDEMNIFICATION COVENANTS 15 13 SECTION 5.07 QUALIFICATION IN STATE 16 14 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 14 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 14 SECTION 5.10 ADMINISTRATION EXPENSES 17 15 SECTION 5.11 PRIORITY LIEN STATUS 17 15 SECTION 5.12 INTEREST; PENALTIES 17 15 SECTION 5.13 SPONSOR AFFILIATES 15 ARTICLE VI DEFAULT SECTION 6.01 EVENTS OF DEFAULT 17 SECTION 6.02 REMEDIES UPON DEFAULT 17 SECTION 6.03 REIMBURSEMENT OF LEGAL FEES AND EXPENSES AND OTHER EXPENSES 18 SECTION 6.04 NO WAIVER 18 ARTICLE VIVII MISCELLANEOUS SECTION 7.01 NOTICES 19 SECTION 7.02 BINDING EFFECT 19 SECTION 7.03 COUNTERPARTS 19 SECTION 7.04 GOVERNING LAW 20 SECTION 7.05 HEADINGS 20 SECTION 7.06 AMENDMENTS 20 SECTION 7.07 FURTHER ASSURANCE 20 SECTION 7.08 INVALIDITY; CHANGE IN LAWS 20 SECTION 7.09 TERMINATION BY COMPANY 20 SECTION 7.10 ENTIRE UNDERSTANDING 21 SECTION 7.11 WAIVER 21 SECTION 7.12 BUSINESS DAY 21 EXHIBIT A – DESCRIPTION OF LAND EXHIBIT B – INVESTMENT CERTIFICATION SUMMARY OF CONTENTS OF FEE IN LIEU OF TAX AGREEMENT As permitted under Section 12-44-55(B), Code of Laws of South Carolina 1976, as amended (the “Code”), the parties have agreed to waive the requirements of Section 12-44-55 of the Code. The following is a summary of the key provisions of this Fee in Lieu of Tax Agreement. This summary is inserted for convenience only and does not constitute a part of this Fee in Lieu of Tax Agreement or a summary compliant with Section 12-44-55 of the Code. Company Name: Project Name: Project Mousetrap Projected Investment: $6.79 Million Projected Jobs: N/A Location (street): Tax Map No.:

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 SECTION 4.04 REMOVAL OF EQUIPMENT 12 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 SECTION 5.02 RIGHTS TO INSPECT 14 SECTION 5.03 CONFIDENTIALITY 14 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 SECTION 5.06 INDEMNIFICATION COVENANTS 15 SECTION 5.07 QUALIFICATION IN STATE 16 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 SECTION 5.10 ADMINISTRATION EXPENSES 17 SECTION 5.11 PRIORITY LIEN STATUS 17 SECTION 5.12 INTEREST; PENALTIES 17 SECTION 5.13 SPONSOR AFFILIATES 17 18 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 11 SECTION 4.04 4.03 REMOVAL OF EQUIPMENT 12 11 SECTION 4.05 4.04 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 SECTION 4.06 4.05 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 12 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 13 SECTION 5.02 RIGHTS TO INSPECT 14 13 SECTION 5.03 CONFIDENTIALITY 14 13 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 13 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 14 SECTION 5.06 INDEMNIFICATION COVENANTS 15 14 SECTION 5.07 QUALIFICATION IN STATE 16 15 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 15 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 15 SECTION 5.10 ADMINISTRATION EXPENSES 17 16 SECTION 5.11 PRIORITY LIEN STATUS 17 16 SECTION 5.12 INTEREST; PENALTIES 17 16 SECTION 5.13 SPONSOR AFFILIATES 17 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 15 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 MULTI-COUNTY PARK; BONDS 17 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM AND CALCULATION OF INVESTMENT REQUIREMENTS 12 AND JOBS REQUIRMENTS ................................................................................................................................... 18 SECTION 4.04 REMOVAL OF EQUIPMENT 12 22 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 22 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 23 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 24 SECTION 5.02 RIGHTS TO INSPECT 14 26 SECTION 5.03 CONFIDENTIALITY 14 26 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 26 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 26 SECTION 5.06 INDEMNIFICATION COVENANTS 15 27 SECTION 5.07 QUALIFICATION IN STATE 16 28 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 28 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 29 SECTION 5.10 ADMINISTRATION EXPENSES 17 30 SECTION 5.11 PRIORITY LIEN STATUS 17 30 SECTION 5.12 INTEREST; PENALTIES 17 30 SECTION 5.13 SPONSOR AFFILIATES 17 ARTICLE VIAFFILIATE(S) 31

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 [RESERVED] 10 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 10 SECTION 4.04 REMOVAL OF EQUIPMENT 12 10 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 11 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 11 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 12 SECTION 5.02 RIGHTS TO INSPECT 14 12 SECTION 5.03 CONFIDENTIALITY 14 12 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 13 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 13 SECTION 5.06 INDEMNIFICATION COVENANTS 15 13 SECTION 5.07 QUALIFICATION IN STATE 16 14 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 14 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 14 SECTION 5.10 ADMINISTRATION EXPENSES 17 15 SECTION 5.11 PRIORITY LIEN STATUS 17 15 SECTION 5.12 INTEREST; PENALTIES 17 15 SECTION 5.13 SPONSOR AFFILIATES 15 ARTICLE VI DEFAULT SECTION 6.01 EVENTS OF DEFAULT 17 SECTION 6.02 REMEDIES UPON DEFAULT 17 SECTION 6.03 REIMBURSEMENT OF LEGAL FEES AND EXPENSES AND OTHER EXPENSES 18 SECTION 6.04 NO WAIVER 18 ARTICLE VIVII MISCELLANEOUS SECTION 7.01 NOTICES 19 SECTION 7.02 BINDING EFFECT 20 SECTION 7.03 COUNTERPARTS 20 SECTION 7.04 GOVERNING LAW 20 SECTION 7.05 HEADINGS 20 SECTION 7.06 AMENDMENTS 20 SECTION 7.07 FURTHER ASSURANCE 20 SECTION 7.08 INVALIDITY; CHANGE IN LAWS 20 SECTION 7.09 TERMINATION BY COMPANY 21 SECTION 7.10 ENTIRE UNDERSTANDING 21 SECTION 7.11 WAIVER 21 SECTION 7.12 BUSINESS DAY 21 EXHIBIT A – DESCRIPTION OF LAND EXHIBIT B – INVESTMENT CERTIFICATION SUMMARY OF CONTENTS OF FEE IN LIEU OF TAX AGREEMENT As permitted under Section 12-44-55(B), Code of Laws of South Carolina 1976, as amended (the “Code”), the parties have agreed to waive the requirements of Section 12-44-55 of the Code. The following is a summary of the key provisions of this Fee in Lieu of Tax Agreement. This summary is inserted for convenience only and does not constitute a part of this Fee in Lieu of Tax Agreement or a summary compliant with Section 12-44-55 of the Code. Company Name: AVX Corporation Project Name: Desperado Projected Investment: $10,000,000 Projected Jobs: n/a Location (street): 0 XXX Xxxx Xxxxxxxx Xxx, XX 00000 Tax Map No.: TMS # 0333000100200

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 10 SECTION 4.04 4.03 REMOVAL OF EQUIPMENT 12 11 SECTION 4.05 4.04 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 11 SECTION 4.06 4.05 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 12 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 13 SECTION 5.02 RIGHTS TO INSPECT 14 13 SECTION 5.03 CONFIDENTIALITY 14 13 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 14 SECTION 5.06 INDEMNIFICATION COVENANTS 15 14 SECTION 5.07 QUALIFICATION IN STATE 16 15 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 15 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 15 SECTION 5.10 ADMINISTRATION EXPENSES 17 16 SECTION 5.11 PRIORITY LIEN STATUS 17 16 SECTION 5.12 INTEREST; PENALTIES 17 16 SECTION 5.13 SPONSOR AFFILIATES 17 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 11 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 12 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 13 SECTION 4.04 REMOVAL OF EQUIPMENT 12 13 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 14 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 14 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 15 SECTION 5.02 RIGHTS TO INSPECT 14 15 SECTION 5.03 CONFIDENTIALITY 14 15 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 15 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 16 SECTION 5.06 INDEMNIFICATION COVENANTS 15 16 SECTION 5.07 QUALIFICATION IN STATE 16 17 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 17 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 17 SECTION 5.10 ADMINISTRATION EXPENSES 17 18 SECTION 5.11 PRIORITY LIEN STATUS 17 18 SECTION 5.12 INTEREST; PENALTIES 17 18 SECTION 5.13 SPONSOR AFFILIATES 17 18 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 SECTION 4.02 REAL PROPERTY SPECIAL SOURCE REVENUE CREDITS 11 ERROR! BOOKMARK NOT DEFINED. SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS REQUIREMENT 12 SECTION 4.04 REMOVAL OF EQUIPMENT 12 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 13 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 SECTION 5.02 RIGHTS TO INSPECT 14 SECTION 5.03 CONFIDENTIALITY 14 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 SECTION 5.06 INDEMNIFICATION COVENANTS 15 SECTION 5.07 QUALIFICATION IN STATE 16 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 SECTION 5.10 ADMINISTRATION EXPENSES 17 SECTION 5.11 PRIORITY LIEN STATUS 17 SECTION 5.12 INTEREST; PENALTIES 17 SECTION 5.13 SPONSOR AFFILIATES 17 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 10 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 NVESTMENT REQUIREMENT 11 SECTION 4.04 REMOVAL OF EQUIPMENT 12 11 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 12 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 13 SECTION 5.02 RIGHTS TO INSPECT 14 13 SECTION 5.03 CONFIDENTIALITY 14 13 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 13 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 14 SECTION 5.06 INDEMNIFICATION COVENANTS 15 14 SECTION 5.07 QUALIFICATION IN STATE 16 15 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 15 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 15 SECTION 5.10 ADMINISTRATION EXPENSES 17 16 SECTION 5.11 PRIORITY LIEN STATUS 17 16 SECTION 5.12 INTEREST; PENALTIES 17 16 SECTION 5.13 SPONSOR AFFILIATES 17 16 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 8 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 INTENTIONALLY OMITTED 9 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 9 SECTION 4.04 REMOVAL OF EQUIPMENT 12 9 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 10 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 10 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 11 SECTION 5.02 RIGHTS TO INSPECT 14 11 SECTION 5.03 CONFIDENTIALITY 14 11 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 12 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 12 SECTION 5.06 INDEMNIFICATION COVENANTS 15 12 SECTION 5.07 QUALIFICATION IN STATE 16 13 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 13 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 13 SECTION 5.10 ADMINISTRATION EXPENSES 17 14 SECTION 5.11 PRIORITY LIEN STATUS 17 14 SECTION 5.12 INTEREST; PENALTIES 17 14 SECTION 5.13 SPONSOR AFFILIATES 17 ARTICLE VI15

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 REQUIREMENT 10 SECTION 4.04 4.03 REMOVAL OF EQUIPMENT 12 10 SECTION 4.05 4.04 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 10 SECTION 4.06 4.05 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 11 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 12 SECTION 5.02 RIGHTS TO INSPECT 14 12 SECTION 5.03 CONFIDENTIALITY 14 12 SECTION 5.04 LIMITATION OF COUNTY’S 'S LIABILITY 14 12 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 13 SECTION 5.06 INDEMNIFICATION COVENANTS 15 13 SECTION 5.07 QUALIFICATION IN STATE 16 14 SECTION 5.08 NO LIABILITY OF COUNTY’S 'S PERSONNEL 16 14 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 14 SECTION 5.10 ADMINISTRATION EXPENSES 17 15 SECTION 5.11 PRIORITY LIEN STATUS 17 15 SECTION 5.12 INTEREST; PENALTIES 17 15 SECTION 5.13 SPONSOR AFFILIATES 17 15 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 10 SECTION 4.04 4.03 REMOVAL OF EQUIPMENT 12 11 SECTION 4.05 4.04 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 11 SECTION 4.06 4.05 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 11 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 12 SECTION 5.02 RIGHTS TO INSPECT 14 12 SECTION 5.03 CONFIDENTIALITY 14 12 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 13 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 13 SECTION 5.06 INDEMNIFICATION COVENANTS 15 13 SECTION 5.07 QUALIFICATION IN STATE 16 14 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 14 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 14 SECTION 5.10 ADMINISTRATION EXPENSES 17 15 SECTION 5.11 PRIORITY LIEN STATUS 17 15 SECTION 5.12 INTEREST; PENALTIES 17 15 SECTION 5.13 SPONSOR AFFILIATES 15 ARTICLE VI DEFAULT SECTION 6.01 EVENTS OF DEFAULT 17 SECTION 6.02 REMEDIES UPON DEFAULT 17 SECTION 6.03 REIMBURSEMENT OF LEGAL FEES AND EXPENSES AND OTHER EXPENSES 18 SECTION 6.04 NO WAIVER 18 ARTICLE VIVII MISCELLANEOUS SECTION 7.01 NOTICES 19 SECTION 7.02 BINDING EFFECT 19 SECTION 7.03 COUNTERPARTS 20 SECTION 7.04 GOVERNING LAW 20 SECTION 7.05 HEADINGS 20 SECTION 7.06 AMENDMENTS 20 SECTION 7.07 FURTHER ASSURANCE 20 SECTION 7.08 INVALIDITY; CHANGE IN LAWS 20 SECTION 7.09 TERMINATION BY COMPANY 20 SECTION 7.10 ENTIRE UNDERSTANDING 21 SECTION 7.11 WAIVER 21 SECTION 7.12 BUSINESS DAY 21 EXHIBIT A – DESCRIPTION OF LAND EXHIBIT B – INVESTMENT CERTIFICATION SUMMARY OF CONTENTS OF FEE IN LIEU OF TAX AGREEMENT As permitted under Section 12-44-55(B), Code of Laws of South Carolina 1976, as amended (the “Code”), the parties have agreed to waive the requirements of Section 12-44-55 of the Code. The following is a summary of the key provisions of this Fee in Lieu of Tax Agreement. This summary is inserted for convenience only and does not constitute a part of this Fee in Lieu of Tax Agreement or a summary compliant with Section 12-44-55 of the Code. Company Name: [Project Ceramic] Project Name: Project Ceramic Projected Investment: $2,500,000.00 Projected Jobs: 6 Location (street): [To come] Tax Map No.: [To come]

FILOT PAYMENTS. SECTION 4.01 5.01 FILOT PAYMENTS 10 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 SECTION 4.04 5.02 CERTIFICATION OF INVESTMENT REQUIREMENT ERROR! BOOKMARK NOT DEFINED. SECTION 5.03 REMOVAL OF EQUIPMENT 12 13 SECTION 4.05 5.04 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 13 SECTION 4.06 5.05 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 14 ARTICLE V VI PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 6.01 CESSATION OF OPERATIONS 14 15 SECTION 5.02 6.02 RIGHTS TO INSPECT 14 15 SECTION 5.03 6.03 CONFIDENTIALITY 14 15 SECTION 5.04 6.04 LIMITATION OF COUNTY’S LIABILITY 14 16 SECTION 5.05 6.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 16 SECTION 5.06 6.06 INDEMNIFICATION COVENANTS 15 16 SECTION 5.07 6.07 QUALIFICATION IN STATE 16 17 SECTION 5.08 6.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 17 SECTION 5.09 6.09 ASSIGNMENT, LEASES OR TRANSFERS 16 17 SECTION 5.10 6.10 ADMINISTRATION EXPENSES 17 18 SECTION 5.11 6.11 PRIORITY LIEN STATUS 17 18 SECTION 5.12 6.12 INTEREST; PENALTIES 17 18 SECTION 5.13 6.13 SPONSOR AFFILIATES 17 19 ARTICLE VIVII

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 13 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 SECTION 4.03 CREDITS; FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 14 SECTION 4.04 4.03 REMOVAL OF EQUIPMENT 12 16 SECTION 4.05 4.04 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 16 SECTION 4.06 4.05 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 17 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 18 SECTION 5.02 RIGHTS TO INSPECT 14 18 SECTION 5.03 CONFIDENTIALITY 14 18 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 19 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 19 SECTION 5.06 INDEMNIFICATION COVENANTS 15 SECTION 5.07 QUALIFICATION IN STATE 16 21 SECTION 5.08 5.07 NO LIABILITY OF COUNTY’S PERSONNEL 16 21 SECTION 5.09 5.08 ASSIGNMENT, LEASES OR TRANSFERS 16 ERROR! BOOKMARK NOT DEFINED. SECTION 5.09 ADMINISTRATION EXPENSES ERROR! BOOKMARK NOT DEFINED. SECTION 5.10 ADMINISTRATION EXPENSES 17 SECTION 5.11 PRIORITY LIEN STATUS 17 23 SECTION 5.12 5.11 INTEREST; PENALTIES 17 23 SECTION 5.13 5.12 SPONSOR AFFILIATES 17 23 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 SECTION 4.04 REMOVAL OF EQUIPMENT 12 13 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 13 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 15 SECTION 5.02 RIGHTS TO INSPECT 14 15 SECTION 5.03 CONFIDENTIALITY 14 15 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 15 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 16 SECTION 5.06 INDEMNIFICATION COVENANTS 15 16 SECTION 5.07 QUALIFICATION IN STATE 16 17 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 17 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 17 SECTION 5.10 ADMINISTRATION EXPENSES 17 18 SECTION 5.11 PRIORITY LIEN STATUS 17 18 SECTION 5.12 INTEREST; PENALTIES 17 18 SECTION 5.13 SPONSOR AFFILIATES 17 18 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 [OMITTED] 10 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 10 SECTION 4.04 REMOVAL OF EQUIPMENT 12 10 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 11 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 11 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 12 SECTION 5.02 RIGHTS TO INSPECT 14 12 SECTION 5.03 CONFIDENTIALITY 14 12 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 12 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 13 SECTION 5.06 INDEMNIFICATION COVENANTS 15 13 SECTION 5.07 QUALIFICATION IN STATE 16 14 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 14 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 14 SECTION 5.10 ADMINISTRATION EXPENSES 17 15 SECTION 5.11 PRIORITY LIEN STATUS 17 15 SECTION 5.12 INTEREST; PENALTIES 17 15 SECTION 5.13 SPONSOR AFFILIATES 15 ARTICLE VI DEFAULT SECTION 6.01 EVENTS OF DEFAULT 17 SECTION 6.02 REMEDIES UPON DEFAULT 17 SECTION 6.03 REIMBURSEMENT OF LEGAL FEES AND EXPENSES AND OTHER EXPENSES 18 SECTION 6.04 NO WAIVER 18 ARTICLE VIVII MISCELLANEOUS SECTION 7.01 NOTICES 19 SECTION 7.02 BINDING EFFECT 19 SECTION 7.03 COUNTERPARTS 20 SECTION 7.04 GOVERNING LAW 20 SECTION 7.05 HEADINGS 20 SECTION 7.06 AMENDMENTS 20 SECTION 7.07 FURTHER ASSURANCE 20 SECTION 7.08 INVALIDITY; CHANGE IN LAWS 20 SECTION 7.09 TERMINATION BY COMPANY 20 SECTION 7.10 ENTIRE UNDERSTANDING 21 SECTION 7.11 WAIVER 21 SECTION 7.12 BUSINESS DAY 21 EXHIBIT A – DESCRIPTION OF LAND EXHIBIT B – INVESTMENT CERTIFICATION EXHIBIT C – JOINDER AGREEMENT SUMMARY OF CONTENTS OF FEE IN LIEU OF TAX AGREEMENT As permitted under Section 12-44-55(B), Code of Laws of South Carolina 1976, as amended (the “Code”), the parties have agreed to waive the requirements of Section 12-44-55 of the Code. The following is a summary of the key provisions of this Fee in Lieu of Tax Agreement. This summary is inserted for convenience only and does not constitute a part of this Fee in Lieu of Tax Agreement or a summary compliant with Section 12-44-55 of the Code. Company Name: ACL Airshop, LLC Project Name: Project Stryker Projected Investment: Projected Jobs: 32 Location (street): Frontage Road (Near Intersection of I-85 and I-185). Tax Map No.: WG10070100103

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 11 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 12 SECTION 4.03 PAYMENTS TO THE FUND 13 SECTION 4.034.04 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 REQUIREMENTSREQUIREMENT 1314 SECTION 4.04 4.044.05 REMOVAL OF EQUIPMENT 12 14 SECTION 4.05 4.054.06 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 14 SECTION 4.06 4.064.07 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 1415 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 16 SECTION 5.02 RIGHTS TO INSPECT 14 16 SECTION 5.03 CONFIDENTIALITY 14 16 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 1617 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 17 SECTION 5.06 INDEMNIFICATION COVENANTS 15 17 SECTION 5.07 QUALIFICATION IN STATE 16 18 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 18 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 18 SECTION 5.10 ADMINISTRATION EXPENSES 17 19 SECTION 5.11 PRIORITY LIEN STATUS 17 19 SECTION 5.12 INTEREST; PENALTIES 17 19 SECTION 5.13 SPONSOR AFFILIATES 17 ARTICLE VI1920

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 10 SECTION 4.03REMOVAL OF EQUIPMENT 10 SECTION 4.04 REMOVAL OF EQUIPMENT 12 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 11 SECTION 4.06 4.05 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 11 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 12 SECTION 5.02 RIGHTS TO INSPECT 14 12 SECTION 5.03 CONFIDENTIALITY 14 12 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 13 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 13 SECTION 5.06 INDEMNIFICATION COVENANTS 15 13 SECTION 5.07 QUALIFICATION IN STATE 16 14 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 14 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 14 SECTION 5.10 ADMINISTRATION EXPENSES 17 15 SECTION 5.11 PRIORITY LIEN STATUS 17 15 SECTION 5.12 INTEREST; PENALTIES 17 15 SECTION 5.13 SPONSOR AFFILIATES 17 16 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 11 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 12 SECTION 4.03 FAILURE TO ACHIEVE CONTRACT MINIMUM INVESTMENT REQUIREMENTS 12 13 SECTION 4.04 REMOVAL OF EQUIPMENT 12 PROJECT PROPERTY 14 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 14 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 14 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 16 SECTION 5.02 RIGHTS TO INSPECT 14 16 SECTION 5.03 CONFIDENTIALITY 14 16 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 17 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 17 SECTION 5.06 INDEMNIFICATION COVENANTS 15 17 SECTION 5.07 QUALIFICATION IN STATE 16 18 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 18 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 18 SECTION 5.10 ADMINISTRATION EXPENSES 17 19 SECTION 5.11 PRIORITY LIEN STATUS 17 20 SECTION 5.12 INTEREST; PENALTIES 17 20 SECTION 5.13 SPONSOR AFFILIATES 17 20 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 11 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 12 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 NVESTMENT REQUIREMENT 13 SECTION 4.04 REMOVAL OF EQUIPMENT 12 14 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 14 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 15 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 16 SECTION 5.02 RIGHTS TO INSPECT 14 16 SECTION 5.03 CONFIDENTIALITY 14 16 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 16 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 17 SECTION 5.06 INDEMNIFICATION COVENANTS 15 17 SECTION 5.07 QUALIFICATION IN STATE 16 18 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 18 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 18 SECTION 5.10 ADMINISTRATION EXPENSES 17 19 SECTION 5.11 PRIORITY LIEN STATUS 17 19 SECTION 5.12 INTEREST; PENALTIES 17 19 SECTION 5.13 SPONSOR AFFILIATES 17 19 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 [INTENTIONALLY OMITTED] 10 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 REQUIREMENT 10 SECTION 4.04 REMOVAL OF EQUIPMENT 12 10 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 11 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 11 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 12 SECTION 5.02 RIGHTS TO INSPECT 14 12 SECTION 5.03 CONFIDENTIALITY 14 12 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 13 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 13 SECTION 5.06 INDEMNIFICATION COVENANTS 15 13 SECTION 5.07 QUALIFICATION IN STATE 16 14 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 14 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 14 SECTION 5.10 ADMINISTRATION EXPENSES 17 15 SECTION 5.11 PRIORITY LIEN STATUS 17 15 SECTION 5.12 INTEREST; PENALTIES 17 15 SECTION 5.13 SPONSOR AFFILIATES 17 16 ARTICLE VI

FILOT PAYMENTS. SECTION 4.01 FILOT PAYMENTS 10 9 SECTION 4.02 SPECIAL SOURCE REVENUE CREDITS 11 INTENTIONALLY OMITTED 10 SECTION 4.03 FAILURE TO ACHIEVE MINIMUM INVESTMENT REQUIREMENTS 12 10 SECTION 4.04 REMOVAL OF EQUIPMENT 12 10 SECTION 4.05 FILOT PAYMENTS ON REPLACEMENT PROPERTY 12 11 SECTION 4.06 REDUCTIONS IN PAYMENT OF TAXES UPON DIMINUTION IN VALUE; INVESTMENT MAINTENANCE REQUIREMENT 13 11 ARTICLE V PARTICULAR COVENANTS AND AGREEMENTS SECTION 5.01 CESSATION OF OPERATIONS 14 12 SECTION 5.02 RIGHTS TO INSPECT 14 12 SECTION 5.03 CONFIDENTIALITY 14 12 SECTION 5.04 LIMITATION OF COUNTY’S LIABILITY 14 13 SECTION 5.05 MERGERS, REORGANIZATIONS AND EQUITY TRANSFERS 15 13 SECTION 5.06 INDEMNIFICATION COVENANTS 15 13 SECTION 5.07 QUALIFICATION IN STATE 16 14 SECTION 5.08 NO LIABILITY OF COUNTY’S PERSONNEL 16 14 SECTION 5.09 ASSIGNMENT, LEASES OR TRANSFERS 16 14 SECTION 5.10 ADMINISTRATION EXPENSES 17 15 SECTION 5.11 PRIORITY LIEN STATUS 17 15 SECTION 5.12 INTEREST; PENALTIES 17 15 SECTION 5.13 SPONSOR AFFILIATES 17 ARTICLE VI16