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HomeMy WebLinkAboutPR 20493: IDA WITH GOLDEN PASS LNG TERMINAL LLC P.R. No. 20493 10/25/2018 gt RESOLUTION NO. A RESOLUTION RATIFYING THE INDUSTRIAL DISTRICT AGREEMENT WITH GOLDEN PASS LNG TERMINAL LLC, EXCLUSIVELY FOR THE EXPANSION OF ITS EXISTING FACILITY FOR THE CONSTRUCTION OF A NEW PROJECT WHEREAS, pursuant to Resolution No. 18-454, the City of Port Arthur entered into an Industrial District Agreement with Golden Pass LNG Terminal LLC, for a ten year period; and WHEREAS, said agreement will expire on December 30, 2028; and WHEREAS, pursuant to Sections 42.044 and 212.172 of the Texas Local Government Code, and Article 1, Sections 5 and 6, of the City's Charter, the City Council of the City of Port Arthur deems it in the best interests of the citizens of Port Arthur to enter into an Industrial District Agreement with Golden Pass LNG Terminal LLC, exclusively for the expansion of its existing facility; and WHEREAS, on October 23, 2018, the City Council by Motion authorized an Industrial District Expansion Agreement between the City of Port Arthur and Golden Pass Products, LLC, and authorized the City manager to execute an agreement for expansion of Trains 1, 2, and 3 at the facility as specified in the City Council existing expansion policy. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR: Section 1. That the facts and opinions in the preamble are true and correct. s.pr20493 Golden Pass expansion Section 2. That the City Council hereby ratifies the Industrial District Agreement with Golden Pass LNG Terminal LLC, exclusively for the expansion of its existing facility for the construction of a new project, in substantially the same form as attached hereto as Exhibit"A". Section 3. That a copy of the caption of this Resolution be spread upon the Minutes of the City Council. READ, ADOPTED AND APPROVED on this day of A.D., 2018, at a Meeting of the City Council of the City of Port Arthur, by the following vote: AYES: Mayor: Councilmembers: , NOES: . Derrick Ford Freeman, Mayor ATTEST: Sherri Bellard City Secretary s.pr20493_Golden Pass expansion APPROVED AS TO FORM: y4,1 ,J.,,,f,‘ Valecia R. T' no City Attorney APPROVED FOR ADMINISTRATION: Harvey Robinson Interim City Manager s.pr20493_Golden Pass expansion EXHIBIT "A" s.pr20493_Golden Pass expansion STATE OF TEXAS § § COUNTY OF JEFFERSON § INDUSTRIAL DISTRICT AGREEMENT WITH GOLDEN PASS PRODUCTS, LLC "EXPANSION PROJECT" This INDUSTRIAL DISTRICT AGREEMENT (this "Agreement" ) is made and entered into by and between the City of Port Arthur (hereinafter referred to as the "City" ) , a home rule municipality governed under the laws of the State of Texas and Golden Pass LNG Terminal LLC (hereinafter referred to as the "Property Owner" ) . The Property Owner owns and/or leases real and tangible personal property and operates an LNG terminal (the "Facility" ) that are located in the City' s extraterritorial jurisdiction; and WHEREAS, pursuant to Resolution No. 18-454, the City of Port Arthur entered into an Industrial District Agreement with Property Owner, for a ten year period, with respect to its existing facility; and WHEREAS, Golden Pass LNG Terminal LLC wishes to expand its facility for the construction of a new LNG export Project (hereinafter referred to as "The Project" and described in more detail in Exhibit "A" ) and would like to enter into a separate Industrial District Agreement solely for that purpose; and WHEREAS, based upon the scope the Project and the parameters approved by the City Council for expansion projects, s.goiaen pass expansion WA 1 the City and Property Owner deem it appropriate to enter into a ten year agreement for each train, with the ten year period for the first train beginning on January 1, 2020, the ten year period for train 2 beginning on January 1, 2021, and the ten year period for train 3 beginning on January 1, 2022 as set forth in Exhibit A-1 hereto; and WHEREAS, pursuant to Section 42 . 001 of the Texas Local Government Code, the Legislature declares it the policy of the State of Texas to designate certain areas as the extraterritorial jurisdiction of municipalities to promote and protect the general health, safety, and welfare of persons residing in and adjacent to the municipalities; and WHEREAS, the extraterritorial jurisdiction (hereinafter referred to as the "ETJ" ) of the City is the unincorporated area that is contiguous to the corporate boundaries of the City and that is located within 3-1/2 miles of the boundaries of the City; and WHEREAS, pursuant to Section 42 . 044 of the Texas Local Government Code (the "TLGC" ) , the governing body of a municipality may designate any part of its extraterritorial jurisdiction as an industrial district and may treat the designated area in a manner considered by the governing body to be in the best interests of the municipality; and WHEREAS, the Property Owner owns and/or leases land that is located in the ETJ of the City, which was previously designated s.golden pass expansion IDA 2 as an industrial district and Exhibit "B-i" represents a true, correct and complete legal description and/or map depiction of said land (hereinafter referred to as the "Affected Area" ) ; and WHEREAS, pursuant to Section 42 . 044 of the Texas Local Government Code, the City may make written agreements with owners of land in an industrial district; and WHEREAS, this Agreement is authorized under Sections 42 . 044 and 212 . 172 of the Texas Local Government Code, Vernon' s Texas Code Annotated and Article I, Sections 5 and 6 of the City' s Charter, and the parties agree that the terms of this Agreement are reasonable, appropriate, and not unduly restrictive of business activities; and WHEREAS, this Agreement includes provisions concerning said real and tangible personal property owned and/or leased by the Property Owner in the Affected Area; and WHEREAS, the Property Owner and the City previously entered into an Industrial District Agreement for the existing assets (the "Base Plant" ) located within the ETJ described in Exhibit "B-2" ; and WHEREAS, the Property Owner and the City have previously entered into other Industrial District Agreements related to the Affected Area; and WHEREAS, in previous Industrial District Agreements, the City has articulated its concern regarding the unemployment rate of Port Arthur residents in an effort to maximize job s.golden pass expansion IDA 3 opportunities for Port Arthur residents and contracting opportunities for Port Arthur businesses and contractors; and WHEREAS, the City created the Port Arthur Business Enterprise (PABE) program, with a goal of improving opportunities for its residents and businesses; and WHEREAS, the City is interested in working with industry to obtain information on current hiring and procurement efforts, including results, and to increase employment opportunities for Port Arthur residents and procurement for Port Arthur businesses; and WHEREAS, the City wants to encourage additional new capital investments and job creation at the location as it pertains to the aforementioned Project; and WHEREAS, the Property Owner plans to make an estimated capital investment of approximately $8 billion for the "Project" described in Exhibit "A" at the location. The City has authorized a standard expansion document offering a specified incentives for an expansion agreement of this magnitude; and WHEREAS, the City and the Property Owner desire to enter into a new Industrial District Agreement with respect to the Project described in Exhibit "A" and located within the ETJ described in Exhibit "B-1" ; and WHEREAS, the Property Owner has previously obtained a tax abatement on the project from Jefferson County and agrees that this project constitutes a major capital upgrade or expansion s.golden pass expansion IDA 4 and requires the Property Owner to pay additional "In Lieu of Tax Payments" to the City; and WHEREAS, the Property Owner agrees to provide written reports to the City regarding its hiring and procurement practices on a semi-annual basis as it pertains to the Project; and WHEREAS, the City desires to offer an incentive to the Property Owner as it pertains to the Project if it participates in an Employment and Training Roundtable Program and meets certain milestones based on increases in the hiring of Port Arthur residents and the contracting opportunities afforded Port Arthur businesses; and WHEREAS, this Agreement shall be effective and binding on the parties hereto upon execution hereof on behalf of all parties to this Agreement, effective January 1, 2020;and WHEREAS, this Agreement is in addition and separate to any prior existing Industrial District Agreement between the Property Owner and the City relating to the subject matter hereof, and this Agreement shall separately govern the City' s contractual relationship with the Property Owner as it pertains to the Project described in Exhibit "A" ; and WHEREAS, the City finds that the provisions set forth in this Agreement are in the best interests of the City and beneficial to the general health, safety, and welfare of its residents; and s.golden pass expansion IDA 5 WHEREAS, the Property Owner finds that this Agreement is beneficial to its business operations . NOW, THEREFORE, in consideration of the premises and the mutual agreements of the parties contained herein, the City and the Property Owner, agree with each other as follows as it pertains to the Project described in Exhibit "A" : Section 1: ETJ Status, City Services and Code Enforcement (a) Pursuant to Section 42 . 044 of the Texas Local Government Code, and subject to the terms and provisions of this Agreement, the City agrees and guarantees that during the term of this Agreement, the Affected Area shall be immune from annexation and shall continue to retain its status as part of the City' s ETJ/Industrial District, except as otherwise expressly provided herein. (b) The Property Owner and the City agree that the City shall have no obligation to provide City services to the Property Owner in the Affected Area and that the City will not extend any services to Property Owner in the Affected Area (unless otherwise provided herein) . The City will not require the Property Owner to adhere to City codes such as the regulation of plats and subdivisions of land, the imposition of building, electrical, or plumbing inspections, and related code requirements . The Property Owner agrees not to imprudently discharge storm water or contribute to flooding on adjacent property. s.golden pass expansion IDA 6 Section 2 . Description of Affected Area and Reports (a) The City hereby designates the portion of the City' s ETJ described and depicted on Exhibit "A" , which contains all of the land owned and/or leased by the Property Owner in the City' s ETJ as it pertains to the Project, and included in a designated Industrial District. The Property Owner hereby certifies that Exhibit "B-1" represents a true, correct and complete legal description and map depiction of all of the land owned and/or leased by the Property Owner in the "Affected Area" as it pertains to the Project . This agreement solely relates to the values assigned for the Project as delineated in Exhibit "A" and located within the ETJ described in Exhibit "B-1" ; and (b) On or before May 1 of each year during the term of this Agreement, the Property Owner shall furnish to the City a written report listing the names and addresses of all persons and entities who store any tangible personal property on the land in the Affected Area as it pertains to the Project with the Property Owner (hereinafter referred to as "products in storage") , and are in the possession or under the management of Property Owner on January 1 of such year, and further giving a description of such products in storage . The Property Owner shall file all reports required by the chief appraiser of the Jefferson County Appraisal District ( "JCAD" ) under Section 22 . 04 of the Texas Property Tax Code relating to (i) third parties' property that is in the Affected Area as it pertains to the s.golden pass expansion IDA 7 Project and in the Property Owner' s possession or under the Property Owner' s management by bailment, lease, consignment, or other arrangement, and (ii) storage space leased or otherwise provided to third parties for storage of personal property in the Affected Area as it pertains to the Project . Section 3 . Payments by the Property Owner (a) The City levies ad valorem taxes for general revenue purposes on the value of land, improvements, and certain personal property located within its corporate limits . If the Affected Area were located within the corporate limits of the City, it would be subject to such levy. As part of the consideration for the City' s agreements contained herein, the Property Owner agrees to make a payment to the City in lieu of taxes (hereinafter referred to as "In Lieu of Payment" ) for each "Tax Year" (as hereinafter defined) during the term of this Agreement as provided herein. As used herein, the term "Tax Year" has the meaning assigned to that term in Section 1 . 04 of the Texas Property Tax Code (i .e . , the calendar year) . (b) On or before October 15th of each Tax Year during the term of this Agreement, and except as otherwise provided in Sections 6 and 19, the Property Owner will remit to the City an "In Lieu of Payment" equal to the applicable percentage for the tax year as delineated below of the "Taxable Value" (as s.golden pass expansion IDA 8 hereinafter defined) multiplied by the City' s property tax rate for such Tax Year as it pertains to the Project. For avoidance of any future doubt or confusion, whatever "In Lieu of Payment" Property Owner makes under this Agreement with respect to the Project supplants and is to the exclusion of any "In Lieu of Payment" which might otherwise be due under any existing Industrial District Agreement with respect to the Project . The Parties agree to the following Discounted Rate Table as it pertains to the Project : Minimum $1 Billion Tax Year (beginning January 1st) investment see Exhibit A-1 Construction Period 25% Year 1 see Exhibit A-1 Construction Period 25% Year 2 see Exhibit A-1 Construction Period 25% Year 3 see Exhibit A-1 Construction Period 25% Year 4 see Exhibit A-1 Construction Period 25% Year 5 see Exhibit A-1 Post Construction 10% Year 6 see Exhibit A-1 Post Construction 20% Year 7 see Exhibit A-1 Post Construction 30% Year 8 see Exhibit A-1 Post Construction 40% Year 9 see Exhibit A-1 Post Construction 50% Year 10 s.golden pass expansion IDA 9 The Property Owner will report and certify to the City the requisite investment of the Project within 120 days after the completion of the Project (or 120 days after the Effective Date, whichever is later) . For the purpose of this expansion agreement, the Taxable Value and the Appraised Value will be calculated based upon data from accounts that solely relate only to the expansion of the facility (i . e . , the Project) . The Taxable Value for calculation of the "In Lieu of Payment" for this Agreement does not include any accounts specified for the base plant and included in the existing Industrial District Agreement . Beginning in Tax Year 2030 for the first train, Tax year 2031 for the second train, and Tax Year 2032 for the third train, the discounted rate that will be applied to the Affected Area and pertaining to this expansion Project will be merged into the existing IDA as referenced in Resolution No. 18-454 . (c) On or before October 1st of each Tax Year during the term of this Agreement, the City will submit to the Property Owner a statement setting forth the calculation of the In Lieu of Payment due from the Property Owner for such Tax Year. (d) For the purposes of this Agreement, "Taxable Value" means, for any Tax Year, the appraised value of the Property Owner' s real property, tangible personal property or mixed that is situated on the Affected Area as it pertains to the Project s.golden pass expansion IDA 10 and as determined for such Tax Year by the chief appraiser of JCAD for the property tax purposes of Jefferson County, Texas as of January 1 of such Tax Year, less the exempt value of pollution control property as it pertains to the Project as so determined. The Appraised Value also includes the appraised value of any property that is located in a foreign trade zone or any other type of federal, state or local zone as it pertains to the Project . Additionally, the Property Owner' s Taxable Value for the purposes of this Agreement for any such Tax Year will include the Taxable Value of all tangible personal property located and stored on the Affected Area as it pertains to the Project that is owned by third parties and is in the possession or under the management of the Property Owner by bailment, lease, consignment, or any other arrangement with the Property Owner ( "products in storage" ) on January 1 of such Tax Year. (e) For illustration purposes only, assume for Tax Year 2020 during the term of this Agreement that the Taxable Value is $200, 000, 000 and that the City' s property tax rate for such Tax Year is $ . 792 per $100 of Taxable Value . Subject to the provisions of Section 6, the In Lieu of Payment for such Tax Year under this Agreement would be $396 , 000 calculated as follows : $200, 000, 000 X 25% X $ . 792/$100 = $396, 000 . s.golden pass expansion IDA 1 1 Section 4 . Port Arthur Local Business Enterprise Program The City recognizes that proactive steps must be taken to help ensure that Port Arthur local business enterprises thrive and continue to benefit our community economically and socially. Therefore, the City created the Port Arthur Local Business Enterprise Program (the "PABE Program" ) which is designed to promote spending with qualified Port Arthur local business enterprises (each "PABE" as such term is defined below) by companies that have industrial district agreements with the City, as well as to increase the diversity of Port Arthur businesses from which such companies procure goods and services so that the pool of such businesses is representative of the business community at large. The Property Owner agrees to participate in the PABE Program. As used herein, "PABE" means a Port Arthur business (including, but not limited to, a Port Arthur minority and/or women owned business enterprise ( "MWBE" ) , a Port Arthur historically underutilized business ( "HUB" ) , and a Port Arthur disadvantaged business enterprise ( "DBE" ) that has been certified as a PABE under the procedures and criteria specified in the PABE Program as determined by the City Council of the City, but such term shall not include any Port Arthur business that has ceased to be so certified. The City and the Property Owner agree, in conjunction with other companies that have entered into industrial district s.golden pass expansion IDA 12 agreements with the City, to set up an advisory board to implement the goals and objectives for the PABE program. The advisory board will meet as needed and will be facilitated by an outside source (Lamar State College of Port Arthur or other mutually agreeable party) (referred to herein as the "PABE Facilitator" ) . Notwithstanding anything contained in this Agreement to the contrary, the Property Owner shall in no event be obligated under any provision of this Agreement (i) to amend or otherwise change, or attempt to amend or otherwise change, any agreement to which the Property Owner is a party as of the date hereof, or (ii) to hire or retain any person, or to award any contract for materials, supplies, equipment or services to any vendor, supplier, professional, contractor or subcontractor, unless, in the Property Owner' s sole discretion, (A) such person is qualified, is willing to perform the work, and satisfies all of the Property Owner' s normal standards for employment, and (B) such vendor, supplier, professional, contractor or subcontractor is qualified, financially sound, has an adequate safety record, is willing to perform the work, or provide the materials or services, in the time required and in a competitive manner, and is the lowest qualified responsive bidder who meets all the applicable bid specifications . The Property Owner agrees that it will participate in the PABE Program during the term of this Agreement and strongly s.golden pass expansion IDA 13 consider the use of certified Port Arthur businesses to facilitate the goals of the PABE Program. The terms and conditions of the PABE Program are delineated on the City' s official website . The Property Owner, together with the City' s staff, will also participate in a Semi-Annual Employment Roundtable Program facilitated by the City. The goal of the Semi-Annual Employment Roundtable Program is to address employment and training issues that are essential to the hiring of Port Arthur residents as employees of the Property Owner and it' s Nested Contractors (as hereinafter defined) . The Semi-Annual Employment Roundtable Program will also address issues related to improving the workforce within the City to meet the needs of industry. As used herein, the term "Nested Contractor" means an employer that regularly operates full time at the Affected Area providing personnel or services under contract with the Property Owner. Section 5. Reporting Requirements (a) For each of the Tax Years 2020 through 2029 for the first train, Tax year 2030 for the second train, and Tax Year 2031 for the third train, the Property Owner agrees to submit on a semi-annual basis a report (each, a "Report" ) as required by the procedures and provisions pursuant to Section 6 of the existing Industrial District Agreement attached to Resolution s.golden pass expansion IDA 14 No. 18-454 , and to include in the Report the information specified herein with respect to the hiring of qualified Port Arthur residents by the Property Owner and its Nested Contractors, and the retention of PABE' s by the Property Owner, as the same relate to the Affected Area. Section 6. Performance Based Incentives for Discounts as an Economic Incentive Program pursuant to Chapter 380 of the Texas Local Government Code In General (a) The calculation of the In Lieu of Payment under Section 3 is based in part upon the application of a percentage as delineated in Section 3 for the Corresponding Tax Year (the "Discounted Rate" ) . For any Tax Year during the term of this Agreement, the Discounted Rate may be reduced as provided in this Section 6 upon verification and approval by the governing body of the City that one or more of the performance-based milestones described in this Section 6 were reached for the Report Period or Report Periods covered by the Report or Reports applicable for such Tax Year as designated below (such period or periods for any Tax Year being referred to herein as the "Milestone Period" as designated below) : s.golden pass expansion IDA 15 Tax Year Report Period or Milestone Period Report Periods Ending on the following: 2020 June 30, 2020 January 1, 2020 to June 30, 2020 2021 December 31, 2020, July 1, 2020 to June June 30, 2021 30, 2021 2022 December 31, 2021, July 1, 2021 to June June 30, 2022 30, 2022 2023 December 31, 2022, July 1, 2022 to June June 30, 2023 30, 2023 2024 December 31, 2023, July 1, 2023 to June June 30, 2024 30, 2024 2025 December 31, 2024, July 1, 2024 to June June 30, 2025 30, 2025 2026 December 31, 2025, July 1, 2025 to June June 20, 2026 30, 2026 2027 December 31, 2026, July 1, 2026 to June June 20, 2027 30, 2027 2028 December 31, 2027, July 1, 2027 to June June 20, 2028 30, 2028 2029 December 31, 2028, July 1, 2028 to June June 30, 2029 30, 2029 2030 December 31, 2029, July 1, 2029 to June June 30, 2030 30, 2030 2031 December 31, 2030, July 1, 2030 to June June 30, 2031 30, 2031 The information used to calculate the performance-based milestones described in this Section will be reported in the manner outlined in Section 5 of this Agreement . Hiring Milestones (b) For purposes of this Agreement, the term "Report Period Hiring Percentage" means, for any Report Period during the term of this Agreement, a percentage equal to the quotient determined by dividing (X) by (Y) where : (X) = an amount equal to the sum of: (i) the total number of expansion employees employed by the Property Owner at the Facility on the last day of such Report s.golden pass expansion IDA 16 Period who were Port Arthur residents on such date; plus (ii) the total number of expansion employees employed by the Property Owner' s Nested Contractors for projects at the Facility on the last day such Report Period who were Port Arthur residents on such date; and (Y) = an amount equal to the sum of : (i) the total number of expansion employees employed by the Property Owner at the Facility on the last day of such Report Period; plus (ii) the total number of expansion employees employed by the Property Owner' s Nested Contractors for projects at the Facility on the last day of such Report Period. The Hiring Milestone calculation referenced in this section only applies to employees that are hired for the Project . Those employees that work at the existing plant are not included in this calculation. (c) For purposes of this Agreement, the term "Hiring Milestone" means : (i) for the Milestone Period applicable to the Tax Year 2020, the Report Period Hiring Percentage for the Report Period ending June 30, 2020 ; and (ii) for the Milestone Period applicable to any of the Tax Years 2021, 2022, 2023 , 2024, 2025, 2026, 2027, 2028, and 2029 for the first train, Tax year 2030 for the second train, and Tax Year 2031 for the third train, the sum of the Report Period Hiring Percentages for the Report Periods included in such Milestone Period divided by two (2) . (d) Upon verification and approval by the governing body of the City that one of the Hiring Milestones (as hereinafter defined) was reached for the Milestone Period applicable to a s.golden pass expansion IDA 17 Tax Year, the Discounted Rate for such Tax Year shall be reduced by ten (10) percentage points (l00) based upon the following schedule (the "Hiring Milestones" ) : Construction Period Percentage Point Reduction* Milestone Hiring Percentage for the Milestone Period applicable to such Tax Year 25% of those employed are 10% Port Arthur Residents Post-Construction Period Percentage Point Reduction* Milestone Hiring Percentage for the Milestone Period applicable to such Tax Year 25% of those employed are 10% Port Arthur residents and 10% of the new Hires are Port Arthur Residents This milestone includes those individuals working as Permanent employees of the Company and those employed by Nested Contractors that are specifically working for the Project. This calculation does not include any employees used in the calculation of milestone incentives related to Resolution No. 18-454. PABE Spend Milestones (e) Prior to the first day of each Report Period, the City shall cause the PAGE Facilitator to provide the Property Owner with a list of certain PABE' s for such Report Period selected and compiled by the PABE Facilitator in accordance with the next sentence (such PABE' s for any such Report Period being referred to herein as the "Designated PABE' s" ) . In preparing the list of the Designated PABE' s for any Report Period, the City shall cause the PABE Facilitator: s.golden pass expansion IDA 18 (i) to categorize the PABE' s on such list as either commercial, industrial, or both commercial and industrial; (ii) in the case of PABE' s categorized as commercial, to only include PABE' s that specialize in retail trade, service, professional, office or similar goods and/or services that can be utilized by the Property Owner at the Facility; and (iii) in the case of PABE' s categorized as industrial, to only include PABE' s whose primary business activity is classified under the North American Industry Classification System (NAICS) to an industry that provides goods and/or services that can be utilized by the Property Owner at the Facility. (f) For purposes of this Agreement, the term "Initial PABE Spend Amount" means an amount equal to (i) the dollar amount of contracts awarded and/or purchases made by the Property Owner to Designated PABE' s for goods and/or services during the ten (10) semi-annual Reporting Periods included in the Tax Years 2020 through 2029 for the first train, Tax year 2030 for the second train, and Tax Year 2031 for the third train, and the semi- annual period January 1, 2020, through June 30, 2029 for the first train, Tax year 2030 for the second train, and Tax Year 2031 for the third train, (collectively, the "Report Period" ) . (g) For purposes of this Agreement, the term "Report Period PABE Spend Percentage" means, for any Report Period during the term of this Agreement, a percentage equal to the quotient determined by dividing (X) by (Y) where: (X) = the dollar amount of contracts awarded and/or purchases made as it pertains to the Expansion Project, during such Report Period by the Property Owner or its affiliates with Designated s.golden pass expansion IDA 19 PABE' s for goods and/or services; and (Y) = the total dollar amount of contracts awarded and/or purchases made as it pertains to the Expansion Project, during such Report Period by the Property Owner or its affiliates . (h) For purposes of this Agreement, the term "Milestone PABE Spend Percentage" means for the Milestone Period applicable to each of the Tax Years 2020, 2021, 2022, 2023 , 2024, 2025, 2026, 2027, 2028 , and 2029 for the first train, Tax year 2030 for the second train, and Tax Year 2031 for the third train, the sum of the Report Period PABE Spend Percentages for the Report Periods included in such Milestone Period. (i) Upon verification and approval by the governing body of the City that the PABE Spend Milestones (as hereinafter defined) was reached for the Milestone Period applicable to a Tax Year, the Discounted Rate for such Tax Year shall be reduced by ten (10) percentage points (10%) based upon the following table (the "PABE Spend Milestones" ) : Construction Period Percentage Point Reduction* PABE Milestone Percentage applicable to such Tax Year 4% of construction costs are 10% spent with PABE members Post-Construction Period Percentage Point Reduction* PABE Milestone Percentage applicable to such Tax Year 4% of purchases made after 10% construction are spent with PABE members s.golden pass expansion IDA 20 Notifications (i) For each Tax Year during the term of this Agreement, The City will verify the Report or Reports (as applicable) submitted by the Property Owner for the Report Period or Report Periods (as applicable) included in the Milestone Period applicable to such Tax Year. If for any such Tax Year the City determines that such Report or Reports fail to substantially comply with the reporting obligations under Section 5, then the City shall provide the Property Owner with a written notice of the facts which the City believes have caused such Report or Reports to fail to substantially comply with such reporting obligations, and the Property Owner shall have thirty (30) days to cure such failure. If the City does not provide any such written notice with respect to the Report or the Reports for the Report Period or Report Periods included in a Milestone Period within ninety (90) days after the last day of such Milestone Period, then for purposes of this Agreement (including Section 5) , such Report or Reports shall be deemed to be in substantial compliance with the reporting obligations under Section 5 . On or before October 1 of each such Tax Year, the City shall notify the Property Owner whether it met any of the Hiring Milestones and/or PABE Milestones . The information compiled by the City in connection with any such verification shall be made available to the Property Owner upon request . s.golden pass expansion IDA 21 Section 7 . Back-up Fire and Police Assistance If requested orally or in writing by the Property Owner, the City' s Fire Department may provide back-up Fire Suppression Support as determined by the City' s Fire Chief, and the City' s Police Department may assist in providing an evacuation route and traffic control, in the case of a fire or a chemical release at the Property Owner' s facilities located in the Affected Area, at no cost or expense to the Property Owner. Nevertheless, the Property Owner agrees to abide by and shall take such precautions as to prevent (1) fires, explosions and chemical releases and (2) the imprudent discharge of storm water that contributes to flooding on adjacent property. The Property Owner shall have in place an evacuation plan for the Property Owner' s facilities located in the Affected Area that is consistent with industry standards and/or is required by applicable federal and state laws, and the health and safety laws of the City of which the Companies have been notified by the City. The Property Owner shall employ or provide sufficient primary fire suppression response, as well as control and abate chemical releases . The Property Owner shall provide the City' s Fire Chief and Police Chief with Emergency Response Plans for any plants, refineries, chemical operations or other hazardous operations that take place in the Affected Area. If there is a fire and the City is requested to provide initial and primary (as opposed to back-up) fire suppression services or if a s.golden pass expansion IDA 22 cleanup is required of the City, the Property Owner agrees to pay to the City the costs and expenses incurred by the City and any of its departments or of any of its affiliated providers, i . e . , ambulance companies that are called to the scene . The Property Owner shall immediately notify the central dispatch office which serves the City' s Fire Chief, Police Chief, and the City' s Emergency Management Coordinator of all incidents involving fires, serious injuries, deaths, chemical releases and flooding that create a health and safety hazard to the community or that exceed permissible exposure limits under applicable state or federal laws . Section 8 . Annexation for Health, Safety and Welfare Reasons It is specifically stipulated that nothing in this Agreement will in any manner limit or restrict the authority of the City to annex all or part of said lands and facilities during the period of this Agreement if the City should determine that such annexation is reasonably necessary to promote and protect the general health, safety, and welfare of the persons residing within or adjacent to the City, provided however, that the City agrees that any annexation of the land in the Affected Area will not be made for revenue purposes only. Section 9 . Annexation Due to Legislative Action Notwithstanding any other provision in this Agreement, the Parties agree and consent that the City may annex the Affected Area if a bill is enacted by the Texas Legislature which limits s.golden pass expansion IDA 23 or restricts the authority of the City to annex all or part of the land and improvements in the Affected Area. In the event of annexation under this Section 9 or Section 8, (i) the Property Owner will not be required to make further payments under this Agreement for any Tax Year commencing after annexation with respect to the property so annexed, but shall nevertheless be obligated to make full payments for the Tax Year during which such annexation becomes effective if the annexation becomes effective after January 1St of such Tax Year, and (ii) the Property Owner shall not be required to pay ad valorem taxes to the City for the same period of time they have already paid an In Lieu of Payment with respect to the Affected Area. If for any reason the City is prevented from annexing the Affected Area and if the parties cannot reach an agreement on a new payment schedule on a new "in lieu of tax" agreement, then unless the City has extended this Agreement under the circumstances described in the last sentence of this Section 9, the Property Owner agrees that it will continue to pay to the City the In Lieu of Payments delineated in Section 3 of this Agreement until December 31, 2029 for the first train, Tax year 2030 for the second train, and Tax Year 2031 for the third train, and will, for each Tax Year thereafter, continue to annually pay the City an "in lieu of tax" payment equal to eighty percent (8O% of the Taxable Value of the Property Owner' s real and tangible personal property located in the Affected Area as determined by JCAD for s.golden pass expansion IDA 24 such Tax Year multiplied by the City' s property tax rate for such Tax Year for so long as the Property Owner or its assignees and successors or affiliates own such property . Payments will be due on October 15th of each year. In the event the City is prevented from annexing the Affected Area in the legislative circumstances described in the first sentence of this Section 9 , then pursuant to Sections 42 . 044 and 212 . 172 Local Government Code, the Property Owner agrees and consents that the City has the option, in the City' s sole discretion, to extend this Agreement and that the Property Owner will continue to annually pay the City "in lieu of tax" payments, as denoted above, for successive periods, for a total duration not to exceed 45 years, or the maximum period allowed by law, whichever is longer. Section 10 . Electrical Usage The Property Owner will provide the City with information as to the Property Owner' s electrical consumption at the Affected Area from Entergy or from any other electric utilities, transmission and distribution utility, municipally owned utility, electric cooperative, or from any other source, as well as all metering locations that service the Affected Area. The information provided by the Property Owner to the City regarding such electrical consumption and metering locations shall be held confidential by the City to the fullest extent permitted under applicable law. If the City receives a request for such information, the City will notify the Property Owner s.golden pass expansion IDA 25 and the Property Owner will be afforded an opportunity to file a brief with the Texas Attorney General setting forth the reasons for exclusion of all or any portion of such information from the requirement to be released pursuant to the Texas Public Information Act . Section 11. Right to Annexation at the Expiration of this Agreement The parties agree that the City has the sole discretion, after October 1, 2031 to annex the property in the Affected Area or to enter into negotiations with the Property Owner regarding an industrial district agreement covering periods after the expiration of this Agreement . If for any reason any portion of the Affected Area is annexed prior to December 30, 2031, and as an economic incentive program as allowed under Chapter 380 of the Texas Local Government Code, the City will promptly remit to the Property Owner the portion of the property taxes paid to the City with respect to such annexed property that are in excess of the In Lieu of Payment that would have been paid to the City with respect to such annexed property if such annexation had not occurred. This partial remission of taxes (Chapter 380 Economic Incentive Program) will only be applicable until December 30, 2031 . s.golden pass expansion IDA 26 Section 12 . Right to Annexation pursuant to Chapter 43 of the Texas Local Government Code The present owners and lessees of the land, improvements, units, equipment, inventory, and all other property located in the Affected Area and pertaining to the Project described in Exhibit "A" , except for any owner or lessee of such property the aggregate Taxable Value of which is not reasonably expected as of the date of this Agreement to exceed $250, 000 . 00 (the "Excluded Persons" ) . The City reserves the right to annex any tract or parcel with the minimum required adjacent area, as per Chapter 43 of the Texas Local Government Code, if any of such owners or lessees other than the Excluded Persons do not pay an In Lieu of Payment for its interest in such land, improvements, units, equipment, inventory, and all other property located in the Affected Area and pertaining to the Project . Nothing contained herein shall be construed to prohibit or prevent the Property Owner from paying the other owners' or lessees' In Lieu of Payment required by this Agreement to prevent annexation by the City. If the City annexes a tract or tracts, such annexed tract or tracts shall be deleted from the description of the Affected Area set forth on Exhibit "A" for all purposes of this Agreement, and the total In Lieu of Payment will be reduced accordingly to accurately reflect such annexation. s.go]den pass expansion IDA 27 Section 13 . Assignment If Golden Pass Products LLC, the executor of The Project, elects to have Property Owner develop The Project, Golden Pass Projects LLC may assign such rights and obligations to Property Owner by any legal means, including, without limitation, merger, and neither Property Owner nor Golden Pass Products LLC shall have any obligation to obtain any consent from the City for such assignment; provided however, the terms and conditions of this Agreement shall remain fully applicable to Property Owner; provided further, Property Owner shall give prior written notice to the City describing such assignment . If the Property Owner desires to assign all or a portion of this Agreement to an unrelated third party, the Property Owner shall provide written notice of such assignment to the City and shall receive the written consent of the City Council, by a duly adopted Resolution, which will not be unreasonably withheld, delayed or conditioned. The Property Owner shall provide a description of the assignee and such other information as is reasonably requested by the City to indicate that the assignee will operate the Facility as a reasonably prudent operator, act as a good corporate citizen, and will fully abide by the terms of this Agreement . If the assignment is approved by the City Council, the Property Owner shall be relieved of its obligations under this Agreement to the extent that an assignee expressly assumes the Property Owner' s obligations hereunder. s.golden pass expansion IDA 28 Subject to the preceding, this Agreement shall inure to the benefit of and be binding upon the parties hereto and its respective successors and assigns . Section 14 . Other Relief Granted It is agreed by the parties to this Agreement that the Property Owner and the City have the right to seek equitable relief, including specific performance of this Agreement . Section 15. Inspections The Property Owner shall allow a reasonable number of authorized employees and/or representatives of the City who have been designated and approved by the governing body of the City to have access to the Affected Area during the term of this Agreement to inspect the property and any improvements thereon to determine compliance with the terms and conditions of this Agreement. All such inspections will be made at mutually agreeable times and will only be conducted in such manner as complies with the Property Owner' s safety and security standards and rules . All such inspections will be made with one or more representatives of the Property Owner. The Property Owner may require any person conducting such an inspection to execute a confidentiality agreement before entering the Affected Area. The information provided by the Property Owner to the City or otherwise obtained by the City in connection with any such inspection shall be held confidential by the City to the fullest extent permitted under applicable law. If the City receives a s.golden pass expansion IDA 29 request for such information, the City will notify the Property Owner and the Property Owner will be afforded an opportunity to file a brief with the Texas Attorney General setting forth the reasons for exclusion of all or any portion of such information from the requirement to be released pursuant to the Texas Public Information Act . Section 16. Port Arthur Industrial Group The Property Owner agrees that it will participate in the Port Arthur Industrial Group during the term of this Agreement and for so long as the Port Arthur Industrial Group is a viable organization in order to assist in the establishment of apprenticeship, internship, mentoring and/or educational programs and projects for the training of Port Arthur residents for permanent jobs in the Port Arthur area. The Property Owner further agrees to request and encourage its Nested Contractors to establish and fund their own apprenticeship, internship, mentorship and/or education programs and projects for the training of Port Arthur residents for permanent jobs in the Port Arthur area. Section 17 . Inspection of Records The City reserves the right to review the Property Owner' s records to ascertain the accuracy of reports filed by the Property Owner in accordance with this Agreement . s.golden pass expansion IDA 30 Section 18. Undocumented Workers The Property Owner certifies that it has not, and will not, knowingly employ an "undocumented worker, " which means an individual who, at the time of employment, is not (i) lawfully admitted for permanent residence to the United States, (ii) a temporary resident lawfully permitted to be employed in the United States or (iii) or authorized under law to be employed in that manner in the United States . The Property Owner acknowledges that it has reviewed Chapter 2264 , Texas Government Code, and hereby affirmatively agrees to repay the amount of any incentive with interest at the rate of ten percent (10a) per annum, not later than the 120th day after the date the City notifies the Property Owner of a violation. The Property Owner acknowledges the City may bring a civil action as to recover any amounts owed under this Chapter, and further acknowledges that the City may recover court costs and reasonable attorney' s fees incurred in bringing an action under Section 2264 . 101, Texas Government Code . The Property Owner will also promptly report to the City any "undocumented worker" that is improperly retained by its contractors or subcontractors at the Project. Section 19 . Property Tax Information, Credits and Refunds With respect to the land, improvements, units, equipment and all other property located in the Affected Area for each of the Tax Years 2020 through 2029 for the first train, Tax year 2030 for the second train, and Tax Year 2031 for the third s.golden pass expansion IDA 31 train, the Property Owner will, to the extent such property has not been annexed by the City, provide to the Director of Finance of the City, at the address specified in Section 27 , no later than September 15th of such Tax Year, a copy of the non- privileged/non-confidential rendition which the Property Owner filed with the Jefferson County Appraisal District. The Property Owner shall also provide the following to the Director of Finance of the City at such address with respect to such Tax Years : • each notice of appraised value received by the Property Owner from the Jefferson County Appraisal District with respect to such property; • any notice of protest filed by the Property Owner with the Jefferson County Appraisal Review Board ( "ARB" ) with respect to such property within thirty (30) days after such filing; • any informal , settlement or final ARB order determining protest with respect to such property; • any pleadings filed by the Property Owner as a petition for review of an order determining protest of the ARB with respect to such property; and • any settlement, final judgment or other final disposition on appeal or otherwise of any such lawsuit . Pending final determination of any tax protest filed by the Property Owner with the ARB, or appeal thereof, with respect to any Tax Year during the term of this Agreement, the Property Owner shall pay to the City, on or before October 15th of such Tax Year, an amount equal to the In Lieu of Payment paid to the s.golden pass expansion IDA 32 City for the immediately preceding Tax Year. Upon the final determination of such protest or appeal thereof, the Property Owner' s In Lieu of Payment liability hereunder for such Tax Year shall be calculated based on the Taxable Value for such Tax Year that reflects such final determination. If the In Lieu of Payment so calculated for such Tax Year exceeds the In Lieu of Payment previously paid by the Property Owner for such Tax Year, then the City shall submit to the Property Owner a statement setting forth the calculation of such excess, and the Property Owner shall pay the amount of such excess, without interest or penalty, to the City within thirty (30) days after the Property Owner' s receipt of such statement . If the In Lieu of Payment so calculated for such Tax Year is less than the In Lieu of Payment previously paid by the Property Owner for such Tax Year, then the City shall credit dollar-for-dollar toward future In Lieu of Payments the difference between the amount actually paid hereunder and the amount for which the Property Owner is determined to be liable, without interest, it being understood and agreed that to the extent there are insufficient future In Lieu of Payments under this Agreement against which to credit such difference, the remaining balance of such difference shall be carried forward and credited dollar-for-dollar against any in lieu of tax payments and other amounts due to the City under any industrial district agreement between the Property Owner and the s.golden pass expansion IDA 33 City covering a period or periods after the expiration of this Agreement until utilized in full . Section 20 . Notice of Default Notwithstanding anything to the contrary contained in this Agreement, in the event of any breach by the Property Owner of any of the terms or conditions of this Agreement, the City shall give the Property Owner not less than five (5) business days' written notice, specifying the nature of the alleged default, and manner in which the alleged default may be satisfactorily cured. Thereafter, the Property Owner will be afforded a reasonable time (but in no event less than 60 days) within which to cure the alleged default . Nevertheless, time is of the essence on the payment schedule for the In Lieu of Payments on October 15th of each year. If the Property Owner does not pay the In Lieu of Payment on October 15th of each year, the City can immediately commence annexation proceedings and sue for all damages provided for herein. In the case of litigation for breach of this Agreement and to encourage timely payments, the City can seek 100% of all monies that the City would have received from the Property Owner if it been within the corporate limits, which include 100% of all taxes, building permit fees, sales or use taxes, and all franchise fees on cable and electrical usage, interest and penalty thereon, attorney' s fees, and court costs . s.golden pass expansion IDA 34 Section 21. Entire Agreement This Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof and supersedes any and all prior understandings or oral or written agreements between the parties respecting such subject matter, except as otherwise provided in the instruments referenced herein. This Agreement may be amended only by written instrument signed by all of the parties hereto. Section 22 . Severability If any term or provision in this Agreement, or the application thereof to any person or circumstance, shall to any extent be held to be invalid or unenforceable by a court of competent jurisdiction, such invalidity or unenforceability shall not affect any other provision of this Agreement or the application thereof, which can be given effect without the invalid or unenforceable provision or application, and the parties agree that the provisions of this Agreement are and shall be severable; provided however, that for the avoidance of doubt, payment of the In Lieu of Payments, the provisions of Section 1 (a) of this Agreement, and the confidentiality provisions of this Agreement are essential parts of this Agreement . Section 23 . Remedies Cumulative Except as otherwise expressly provided herein, all rights, privileges, and remedies afforded the parties by this Agreement s.golden pass expansion IDA 35 shall be deemed cumulative and not exclusive, and the exercise of any or more of such remedies shall not be deemed to be a waiver of any other right, remedy, or privilege provided for herein or available at law or in equity. Section 24 . Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of Texas . This Agreement is to be performed in Jefferson County, Texas . Section 25 . Counterparts This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which taken together, shall constitute but one and the same instrument . Section 26 . Authority By acceptance of this Agreement and/or benefits conferred hereunder, the Property Owner represents and warrants that its undersigned agent has complete and unrestricted authority to enter into this Agreement and to obligate and bind the Property Owner to all of the terms, covenants and conditions contained herein. Section 27 . Notice Any notice provided in connection with this Agreement shall be given in writing to the parties hereto by certified mail, return receipt requested, addressed as follows : s.golden pass expansion IDA 36 TO CITY: TO PROPERTY OWNER: City Manager Golden Pass LNG Terminal LLC City of Port Arthur 333 Clay Street, Suite 800 444 4th St . Houston, Texas 77002 Port Arthur, TX 77640 Facsimile No. : (713) 860-6344 WITH A COPY TO: WITH COPIES TO: City Attorney Golden Pass LNG Legal Group CITY OF PORT ARTHUR Blaine Yamagata or Steven Jones 444 4th St . 333 Clay Street, Suite 800 Port Arthur, TX 77640 Houston, Texas 77002 (409) 983-8126 (409) 983-8124 Section 28. Cancellation Notwithstanding anything in this Agreement to the contrary, in the event Golden Pass Products, LLC determines at any time prior to the Construction Period, that a positive Final Investment Decision will not be reached by the shareholders of Golden Pass Products, LLC it may terminate this Agreement by providing written notice of termination to the District, in which case this Agreement shall become null and void as of the date of the notice provided by Golden Pass Products, LLC and neither the Golden Pass Products, LLC nor any of its affiliates have any further obligations in connection with this Agreement . If the Property Owner permanently ceases operation of the Facility during the term of this Agreement, then the Property Owner shall have the right, at is sole option, to cancel this Agreement with ninety (90) days written notice in which case the Property Owner shall be relieved of all its obligations s.golden pass expansion IDA 37 under this Agreement, except as to payment of the In Lieu of Payment for the year of such cancellation. Section 29 . Term This Agreement shall become effective the 1st day of January, 2020, provided that the merger of Golden Pass Products LLC into Golden Pass LNG Terminal LLC has occurred and the rights and obligations of this Agreement have transferred to Golden Pass LNG Terminal LLC. This Agreement shall expire on the 30th day of December, 2031 . [SIGNATURE PAGES FOLLOW] s.golden pass expansion IDA 38 2545 SIGNED AND AGREED to on the day of October, 2018 . GOLDEN PASS Products, LC BY: bert - • 4117 - NAME: . Bilnos i TITLE: V.P. - Human Resources - Public Affairs ACKNOWLEDGMENT STATE OF TEXAS § COUNTY OF JEFFERSON § BEFORE ME, the undersigned Notary Public, on this day personally appeared Robert J. Bilnoski, known to me to be the person whose name is ascribed to the foregoing instrument, and acknowledged to me that he executed the same as the act and deed of Golden Pass LNG Terminal LLC for the purposes and considerations therein expressed, and th- capacities therein stated. GIVEN UNDER MY HAND AND SEAL OF •s FICE, THIS THE 26 •.y October, A.D. , 2018 . Or / - NOTARY PUBLIC STATE OF TEXAS dlPy ;, GWEN THIBODEAUX 4,--%.-E My Notary ID#7706388 ,°!;• ;` Expires April 8,2021 s.golden pass expansion IDA 39 SIGNED AND AGREED to on the day of October, 2018 . CITY OF PORTTHUR, TEXAS BY: //AR Harvey Robinson Interim City Manager ACKNOWLEDGMENT STATE OF TEXAS § COUNTY OF JEFFERSON § BEFORE ME, the undersigned Notary Public, on this day personally appeared Harvey Robinson, Interim City Manager of the City of Port Arthur, known to me to be the person whose name is ascribed to the foregoing instrument, and acknowledged to me that he executed the same as the act and deed of the City of Port Arthur, for the purposes and considerations therein expressed, and the capacities therein stat- oz.,-)16. GIVEN UNDER MY HAND AND SEAL OF OF' CE, THIS THE 44") day . October, A.D. , 2018 . Z. NOTARY PUBL , STATE OF TEXAS Approved as to form and substance: Y• .. �* •s ", GWENTHIBODEAUX tI , My Notary ID#7706388 / :%, ,� '�;�f.b.; r� F�Ires April 8,2021 v �� ,ice � .L� . _lb Valecia R. Tizeno, Ci Attorney RETURN TO: Valecia R. Tizeno City Of Port Arthur P.O. Box 1089 Port Arthur, TX 77641-1089 s.golden pass expansion IDA 40 EXHIBIT A "Description of Project" Golden Pass Products (GPP) and Golden Pass Pipeline LLC (collectively, "Golden Pass") propose to own, site, construct, and operate a liquefied natural gas ("LNG") export project ("GPX Project"). The GPX Project consists of: (1) The Export Facility, which will be constructed adjacent to the Golden Pass LNG Terminal LLC ("GPLNG") import terminal site, located onshore at the Sabine-Neches Waterway in Jefferson County,Texas;and (2) Additions to the existing Golden Pass Pipeline LLC system ("GPPL") by construction of approximately a total of three to four miles of new 24 inch pipeline in two non- contiguous loops and up to four new compressor stations with all necessary integration interconnections for bi-directional service. Note; Not all these additions will be within the reinvestment zone therefore not subject to this abatement application. The planned GPX Project will be located on over 1,100 acres owned or controlled by GPP affiliates in Jefferson County, Texas. The GPX Projectwill allow Golden Pass to receive natural gas from domestic sources, convert naturalgas to LNG, store, load, and export that LNG. GPX Project will be constructed and operated contiguous to and integrated with the GPLNG terminal and GPPL.This will enable Golden Pass to maximize use of the existing GPLNG terminal and GPPL facilities, to provide for bi-directional service and thus allow for exportation and importation of natural gas. GPP will construct three liquefaction trains with a nominal total production capacity of 15.0 millionmetric tons per annum (MTPA) of LNG for export (each having a nominal throughput of 5.0million MTPA). The Project is expected to be constructed in phases, with each LNG train commencing operations approximately six to twelve months after the previous train. A separate Chapter 312 Abatement are being filed for each train. This application is for the the Project and all newly installed and constructed supporting infrastructure improvements including, but not limited to, land improvements, tanks, intra plant piping,pumps,refrigeration equipment, compression, utilities,plant control equipment,pollution control equipment, buildings and associated equipment to support these major components. The GPX Project includes, but is not limited to, the following major components described below. a) Inlet gas treating systems utilizing amine for carbon dioxide, hydrogen sulfide removal followed by molecular sieve dehydration. Water and heavy hydrocarbons will be removed by dehydration units,scrubbers and separators. b) Liquefaction capability for each Train will have a nominal throughput capacity of 5.0 MTPA. This process train will include the following components: i. Propane pre-cooling, mixed refrigerant LNG process (also known as the C3MR process)utilizing two gas-fired turbines; ii. Coil wound main cryogenic heat exchangers for liquefaction and sub-cooling. c) Nominal electrical power generation of up to 100 megawatts. d) Associated utilities, equipment and air coolers. e) Interconnections to existing import facilities and controls. f) Installation of facilities to allow for the loading of LNG(truck). g) The addition of LNG storage tank pumps to accommodate loading operations. h) Central control room and terminal isolation equipment. i) Additional buildings for administration, maintenance, security, utilities, and storage warehouses. j) Expansion of the facility's storm protection levee system, safety and security assets. k) Optimization of facility processes to allow for import and export capabilities. Exhibit "A-1" - Term Limit and Discount of Each Train Tax Year I Minimum $1 (beginning Billion Year TRAIN 1 TRAIN 2 TRAIN 3 January 166) Investment Construction 25% 1 2020 2021 Period 2022 Construction 25% 2 2021 2022 2023 Period Construction 25% 3 2022 2023 Period 2024 Construction 25% 4 2023 2024 Period 2025 Construction 25% 5 2024 2025 2026 Period Post Construction 10% 6 2025 2026 2027 Period Post Construction 20% 7 2026 2027 2028 Period Post Construction 30% 8 2027 2028 2029 Period Post Construction 40% 9 2028 2029 2030 Period Post Construction 50% 10 2029 2030 2031 Period Merged into the Industrial District 2030 2031 2032 Agreement for the base plant s.golden pass expansion IDA 42 Exhibit "B-i" Legal Description and Map Depiction of the Affected Area (Attached as the next pages of this Exhibit "B-1" ) s.golden pass expansion IDA 43 31 EX:FUBIT "Ace 126 TRACT ONE 476.2 ACRES OF LAID PART OF DIVISIONS A&it,DENNIS GABAGAN LEAGUE,ABSTRACT NO. 123 JEFFERSON COU1lTY,11:'XAS A traoi of land containing 476,2 acres of land, out of and a part of Divisions A and B of the Dennis Gahagaa League, Abstract No. 123; said Divisions being according to the partition of said Dennis Crahagan League as shown on a map or plat recorded In Vol., 1, Page 181, Deed Records, Jefferson County, Texas; said tract being mere fully described by metes and bounds es follows,to wit; BEQ1NN1NG at a common cornet of Division B and Division 8 onthe South line of Division A; said corner being marked by a concrete monument with a brass disc set by Houston Oil Company in March 1939 and identified as 0-71; THENCE South 19 deg., 57 min., 49 sec,, East, cn the common line of Division B and Division 8, a distance of 879.94'to a 2"steel pipe found for corner; THENCE South 69 deg.,59 min.,21 sec„ West, on the North line of Tract 2 described in Special Wauranty Deed dated September 22, 1978, from Katherine Belle B. Doyle,et nl., to Howell Cobb, Trustee, recorded in Vol. 2116, Page 85, Deed Records, Jefferson County,Texas, a distance of 10(0.08' to a 1"steel pipe found for the Northwest comer of said Tract 2; THENCE South 19 deg,, 59 min., 37 sec., fit, on the West line of said Tract 2, a distance of 1134.83' to a 2r "steel rod set,capped and marked"SOUTEX"for corner; THENCE South 70 deg,, 00 min,, 23 sec., West, on the North line of a tract of land set aside to Emma V. Joestiig in Decree, recorded in Vol. 368, Page 608, Deed Records, Jefferson County,Texas and a portion of a tract of land set aside to Daisy M. Ruche iq Decree, recorded in Vol. 368, Page 608, Deed Records, Jefferson County, Texas, a distance of 1534,37'to a r.."steel rod set,capped and marked"SOUTEX"for corner; THENCE North 63 deg.,04 min,,53 sec., West; a distance of 2576,83' to a 'A"steel rod set, capped and marked "SOUTEX"for corner on the common line of said Division B and Division 1?.; Th ENCS North 21 deg., Of min., 38 sec., Eaas;,on the common Line of Division B and Division 12, a distance of 1126.94' to a Houston Oil Company concrete monument identified as 3-61 found for corner;said concrete monument being the common corner of Division H and Division 12 and being on the South line of Division A; THENCE North 84 deg.,00 min., 00 see., West, a distance of 3589.69'to a '/"steel rod set,capped and marked"SOUTEX"for comer; 41/v 9 32 17 THENCE North 08 deg., 00 min.,00 sec., East a distance t''f 2620,42' passa %"steel rod set, capped and marked "SOUTEX for reference point; continuing for a total distance of 2720.42'to a point for corner on the Southerly bank line o f the Sabine Neches Ship C hanatei; 111JENCE on the Southerly bank line of said Sabine Neches Stip Chancel: South 77 deg.,06 min.,43 sex„East,a distance of 495.18'; South 49deg,,29 min., 15 sec.,East,a distance 01 39.44"; South 65 deg.,56 min.,40 sec.,East,a distant:of 226.93'; South 72 deg.,30 min.,23 sea.,East,a distance of 260.46'; South 85 dog.,01 min.,34 sec.,East,a distance of 14134'; South 76 deg.,52 min,,07 sec.,East,a distance of 133.20'; South 76 deg.,57 min., [1 sec.,East,a distance of 32.22'; South 41 deg., 18 min.,28 sec.,East,a distance of 50.07'; South 58 deg., 19 min.,42 sec.,East,a distcc of 97.16'; South 72 tleg.,24 rain.,52 sac,,East,a distance of 130.08'; South 82 deg,,38:uii.,40 sec.,East,a distance of 207.23'; South 70 deg.,46 min., 13 sec.,East,a distance of 84.67'; South 76 deg., 38 rain.,38 see.,East,a distance of 100,77'; South 78 deg.,48 min.,29 sec.,East,a distance of 91.24'; South 61 deg.,24niin.,48 sex:.,East,a distance of 54.00'; South 53 deg.,44 mita.,45 sec.,l3ast,a distance of 121.95'; South 56 deg,,49 min.,34 see.,East,a distance of 110.17'; South 65 deg.,27 mlii.,43 sec..,East,a ilistanc4 of93.36'; South 74 deg., 38 min.,51 sea.,East,4 distrrcu of 110.03'; South 23 deg.,33 min.,57 sec.,East,a•distr w,of 99.12'; 4,6/) 33 . 128 North 71 deg., 33 min.,24 sec.,East,a distance-of 40.68'; South 78 deg.,03 min., I2 sec.,East,a distance of 55.12'; South 85 deg., 49 train.,28 sec.,East,a distance of 94.04'; South 66 deg., 36 min.,20 sec.,East,a distance of 86.18'; South 73 deg., 17 min., 50 sec.,East,a distance of 89.98'; South 67 deg.,03 min.,4I sec.,East,a distance of 137.01'; South 60 deg., 11 min.,31 sec.,East,a distal/10e of 102.81'; South 63 deg., 04 min., 18 sec.,East, a distance of R0.70'; South 64 deg.,42 min.,43 sec.,East,a distance a of 56.25'; South 68 deg.,49 min,,52 sec.,East,a distance of 99,751; South 76 deg.,33 min., 12 sec.,East,a distance of 143.39'; North 87 deg.. 13 min.,53 sec.,East,a distance of 64.35'; North 54 deg.,29 min.,39 sec.,East,a distance of 34.86'; South 48 deg.,23 mein.,43 sec., East,a distance a f 29.53'; South 67 dog.,00 min.,38 sec,,fast,a distance of 50.58'; South 30 deg.,24 min.,47 sec.,East,a distance of34,5I': South 44 slog.,26 miii.,32 sec.,East,a distance of 47.89'; South 59 deg.,48 min.,$7 sec.,East,a distance of 68.29'; South 71 dcg.,27 min.,32 spec.,East,a distance of 97.11'; South 69 deg.,58 min.,28 acc.,East,a distance of 160,85'; South 84 deg.,55 mist.,54 sec.,East,a distance of 1 81.89'; South 85 deg.,58 min.,01 see.,East,a distance of 155.60'; South 86 deg.,30 min.,39 sec,,East,a distance of 11134'; (. 1, JD i 34 129• North 80 deg.,51 min„51 sac.,East,a distance of 78.98'; North 78 deg,, 52 min.,70 sea,,East,t distance of 83.22'; South 89 dog.,32 min.,33 sec.,East,a distance of 28.45'; South 77 deg.,58 min.,44 sec.,East, a distance of 63.60'; South 79 deg., 18 min.,00 sec., East,a distance of 57.27'; South 86 deg.,35 min.,49 sec.,East, a distance of 103.04'; South 85 deg., 13 min.,46 sec.,East,a distance of 396.88'; North 88 deg,27 min.,41 sec.,Bast,a disuutee of 92.18'; North 80 dcg.,00 min.,00 SCD.,East,a distance of 92.02 South 76 deg.,37 min.,16 sec.,East,a distance of 61.52', South 70 deg.,01 min.,34 sec.,East,a distance of 57.84'; South 74 deg.,34 ruin.,06 sec.,East,a distance of 67.61'; South 60 deg.,07 main., 14 sec.,East,a distance of 120.11'; South 64 deg.,33 min., 16 sec.,East,a distance of 92.75'; South 69 deg.,00 min.,45 sec.,East,a distance of 154.14'; South 67 deg.,31 rain., 13 sec.,East,a distance of 159.69'; South 68 dog.,40 min.,49 sec.,East,a distance of 101.47'; South 73 dog.,10 min,32 sec.,East,a distance of 159.80'; • South 80 deg.,20 rain.,38 sec.,East,a distance of 96.13'; North 79 deg.,53 min..,35 aac.,East,a distance of$8.33'; North 85 deg.,36 min.,37 sea.,East,a distance ot26.51'; South 79 deg.,35 min, 19 sea.,fast,a distance of 13109'; South 73 deg.,37min.,41 sec:.,East, a distance of 144_€9'; 6/ 3 . • 130 South 71 deg.,04 min.,01 see„East,a distance of 99.88'; South 44 deg.,36 min.,50 sec.,Eust,a distance of 152,63'; South 49 deg.,47 min.,34 sec.,East,a distance of 98.16'; South 67 dog., 10 min.,09 sea.,East,a distance of 128.72'; South 53 deg.,21 mitt.,48 see.,East,a distance of 107.67'; South 67 deg,40 min.,47 sec.,East,a distance of 194.33'; South 83 deg.,05 min.,37 sec.,East,a distance of 60.77'; South 80 deg.,U8 min.,37 sec..East,a dice of 153.00'to a.point for comer being the intersection of the Southerly bank line of the Sabine Neches Ship Channel and the common line of Division A and Division 8; • THENCE South, 70 deg., 03 min., 15 sec., West,on the common line of said Division A aid Division 8, a distance of 144.38' passing a Houston Oil Company concrete monument found and ideutificd as G-72; continuing on the curnmon line of Division A and Division 8 fur a total distance of 902.78' to the POINT OF REGENNING and containing 476.2 acres of land. Note:All bearings and distances batted upon State Plane Coordinate Grid System NAD 83,Texas South Central Zone, Scale Factor" 0,999891228. Note:All of the divisions referred to above are according to the partition of the Dermis Sal agan League.Abstract No. 123,Jefferson County,Texas, as shown on a Pup or plat recorded in Vul.1',Page 1$1,Deed Records,Jefferson County,Texas; 'ice description Is based on the Land Title Survey made by Anthony M.Leger, Registered Profassional Land SurveyorNo. 5481,on November 15,2003. (3aldon Pass LNG Terminal LP lb/ LS-03-1192A 30 EXRTBtT "A" 131 TRACT TWO 174,6 ACRES OF LAND(STIRMF.RCRD)TART OF DIVISION A,DENNIS CATJAGAN LEACV11:,ABS fl AC'1"NO. 123,JEFFERSON COUNTY,TEXAS A tract of land containing 174.6 acres of land,being submerged land out of and a part of Division A of the Dennis Cahagan League, Abstract No, 123; said division being according to the partition of the Dennis Gahagan League as shown en a znap or plat recorded in Vol. T, Page 181, Deed Records, Jefferson County,Texas; sand tract being more fully described by metes and bounds as follows,to wit: COMMENCING at the common corner of Division B and Division 8, on the South line of Division A;said earner being marked by a gonereto mozuurhent with a brass disc set by Houston Oil Company in March 1939 and identified as 0-71; THENCE North 70 deg., 03 min., 15 sex, East, on the common line of Division A and Division it,a 41fai10e Uf 758.40` to a Houston Oil Company concrete monument found and identified es G-72; continuing for a total distance of 902.78' to a point on the Southerly btmk line of tho Sabine Neches Ship Channel;said point being the POINT OP BEGINNING of the herein described tract; 17-1ENCE on the Southerly bank line of the Sabine Neches Ship Channel: North 80 deg.,08 mi.n.,37 sec.,West,a distance of 153.00'; North 83 deg.,05 min.,37 sec.,West,a distance of 60.77'; North 67 dog.,40 min.,47 sec., West,a distance of 19433'.; North 53 deg., 21 rnl»., 08 sec.,West,a distance of 107.67'; North 67 deg, 10 min.,09 see.,West,a distance of 128,7T; North 49 deg.,47 mitt.,34 aeo.,West,a distance of 98.16'; North 44 deg.,36 min.,50 see,West,ra distance of 152.63'; North 71 deg.,04 min.,01 sea.,West,it distance of 99.88'; North 73 dog,,37 nUn.,41 r :.,West,a distance of 154.19'; North 79 deg.,35 min., 19 sec.,West,a distance of 112.09'; South 85 deg.,36 min.,37 sec.,West,a distance of 26,51'; South 79 cleg.,53 trite.,35 sec.,West,a distance of 88.33'; 37 132 , North 80 deg.,20 ruin., 38 sec.,West,a distance of 96.13'; North 73 deg., 10 min., 32 sec.,West, a distance of 159.80'; North 68 dog.,40 min.,49 sec.,West, a distance of 10I.47'; North 67 deg,,31 nun., 13 sec,,West,a distance of 159.69'; North 69 deg.,00 nun.,45 sec.,West,a distance o£154.14'; North 64 deg.,33 min., 16 sec.,West,a distance of 92.75'; North 60 deg„07 min., 14 sec., West,a distance of 120.11'; North 74 deg., 34 min.,06 sec.,West,a distance of 67.61'; North 70 deg.,01 min.,34 sec., West,a distance of 57,84'; North 76 deg,,37 min., 16 sec:.,West,a distance of 61.52'; South 80 deg,,00 min.,00 sec.,West,a distance of 92.02'; South 88 deg.,27 min.,41 sec.,West,a distance of 92.18'; North 85 deg., 13 lain.,46 sec.,West,a distance of 396.88';. North 86 deg.,35 min.,49 sec.,West,adistance of 103,04'; North 79 deg., 18 min,,00 sac., West,a distance of 5727'; North 77 deg.,58 min.,44 sae.,West,a distance of 63.60'; North 89 deg.,32 min.,33 see.,West,a distance of 28.45'; South 78 deg.,52 min.,20 sec.,West,a distance of 83.22'; South 80 deg.,51 min.,51 sec., West,a distance of 78.98'; North.86 dog„30 min.,39 sec.,West,a distance of 111.34'; Notch 85 deg.,58 min.,01 sec.,West,a distance of 155.60'; North 80 deg.,55 rain.,54 sec.,West,a distance of 181.89'; North 60 deg.,58 mitt.,28 sec.,West,a distance of 160.85'; f tipx �l7 38 1:33 North 71 deg.,27 min.,32 sec.,West,a distance of 97.11'; North 59 deg.,48 min.,57 sec., West,a distance of 68.29'; North 44 deg.,26 min.,32 sea,West,a distance of 47.89'; Notch 34 deg.,24 min,47 sec.,West,a distance of 34.51'; North 67 dee,,00 mint.,38 see.,West,a distance of50.58'; North 48 deg.,23 min.,43 sec.,West,a distance of 29.53'; South 54 deg.,29 ruin..39 sco., West,a distance of 34.86'; South 87 deg., 13 min.,53 sec,,West, a distance of 64.35'; North 76 deg,33 min., 12 sec,., West,a distance of 14339'; North 68 deg.,49 min.,52 see., Wort,a distance of 99.75'; North 64 deg,,42 mixt,,43 sec.,West,a distance of 56.25'; North 63 deg.,04 min,, 18 sec., West,a distance of 80.70'; North 60 deg., 11 Hain.,31 sec..West,a distance of IO2.81'; North 67 deg.,03 min.,41.sec.,West,a distance of 137.01 North.73 dog., 17 min„50 sac.,West,a distance of 89.98'; North 66 deg.,36 min„20 sec.,West,a distance of 86.18'; North 85 deg.,49 mini,28 sec.,West,a distance of 94.09'; North 78 deg.,03 min., 12 sec„ West, a diisannce of 55.12'; South 71 deg.,33 mEn.,24 sec.,West,a distance of 40,68'; North 83 deg..,33 min., 57 sec.,West,a distance of 99.12'; North 74 deg.,38 min., 51 sec.,West,a distance of 110.03'; North 65 dog.,27 min,,43 sec., West,a distance of 93.36'; North 56 deg.,49 rain.,34 act„West,a distance of 110.17'; 4 fly' 39 x'34 North 53 dog.,44min.,45 sec.,West, a distance;of 121,95'; North 61 deg.,24 min.,48 sec.,West,a distance of 54.001; North 78 dog.,48 min.,29 ec„West,a distance of91.24'; North 76 deg.,38 min.,38 sea.,West,a distance of 100.77'; North 70 deg.,46 min., 13 sec.,West,adistance of 84.67'; North 82 deg.,38 min.,40 neo.,West,a distance of 2D7.23'; North 72 deg.,24 min.,52 sec.,West,a distance of 130.08'; North 58 deg., 19 min.,42 sec.,West,a distance of 97.16'; North 41 deg,, 18 min„28 s+x;.,'West,a distance of 50.07'; North 76 deg.,57 min.,11 sec.,West,a distance of 32.22'; North 76 deg., 52 min.,07 sec.,West,a distance of 133.20'; North 85 deg.,01 tuna.,34 sec.,West,a distance of 141.74'; North 72 deg.,30 min.,23 see.,West,a distance of 260.46'; North 65 deg., 56 min., 40 sec.,West,a distance of 226.93'; North 49 deg.,29 nun.,15 sec.,West,a distance of 39.44', North 77 deg.,06 min.,43 sec., West,a distance of 495,18'; THENCE North 08 (leg.,00 min.,00 sec.,East, a distance of 227.80'to a point on the North lino of the tAillt.td233,72 acre tract; THENCE North 18 deg.,29 min.,21 se,e..,East,a distance of 843.99' to a point on the called centerline of the Sabine Neches Ship Channel; THENCE South 71 deg., 30 lain., 39 see.,East,on the called centerline of the Sabine Neches Ship Channel,a distance of 8734.07'to a point being the Point ofcurvature of a curve to the right; THENCE on the called centerline of the Sabine Neches Ship Channel on the aro of a verve to the right bwing a radius of 3819.41',a chord bearing of South 70 dog., 13 min., 06 sec.,Pall,a chord distance of 189.12'to a point for the iatcrseeti it of the called 6 p 49 . 135 centerline of the Sabine Neches Ship Channel and the common line of Division A and , Division 8(or the Northeasterly projection thereof); • • THENCE South 70 deg.,03 min., 15 sec., West,on the couunou line of Division A and Division 8(or the Northeasterly projection thereof), a distance of 1205.46'to the POINT OF BEGINNING and containing 174.6 acres of land,being submerged land, Note: All bearings and distances based upon State Plane Coordinate Grid System NAD 83,Texas South Central Zone,Scale factor 0.999891228. Note:All of the divisions referred-to above are according to the partition of the Dermis Oahagau League,Abstract No. 123 Jefferson County,Texas,as shown on a map or plat recorded in Vol.T,Page 181,Decd Records,Jefferson County,TOMS; This description is based on the Land Title Survey made by Anthony M.Leger, Registered Professional Land Surveyor No. 5481,en November 15,2003 Golden Pass LNG Terminal LI' + LS-03.1192 41 1.16 TRACT ONE 230.8 ACMES OF-.AND our OF DIVISIONS II,C,AND 4 THRDUGH 8, DENNIS CAHAGAN I%EAc UF,ABSTRACT NO. 123 JEFFERSON COUNTY,TEAS A traot of land containing 250.8 acres of land,out of and part of Divisions B, C, and 4 though S of the Dennis Gahagatt League, Abstract No. 123; said Divisions being according to the partition of said Dennis (iahagan League as Shown on a map or plat recorded in Vol. T, Page 181, Deed'Record, Jefferson County, Texas; said tract beim more fully described by metes and bounds as follows,to wit: BEGINNING, at u c;orruraott matter of Division B and Division 8 on the South line of Division A; said corner being marked by a concrete monument with a brass disc set by Houston Oil Company in March 1939 and identified as 0-71; T1lENCE North 70 deg., 03 min., 15 see.,East on the common lino of said Division A and Division 8, a distance of 758.40' passing a Houston Oil Company concrete Inonunjextt found and identified as 0-72 and being the Southeast corner of a (Culled 233.72)anre tract described in and excepted from a deed dated September 23, 1941 from John T Stewart Ili to J. E. Broussard, et al, recorded in Vol. 502, Page 218, Deed Records, Jefferson County, Testas; continuing on the common line of said Divisions A and 8 for a total distance of 902.78' to a point on the Southwesterly bank line of the. Sabine-Neches Ship Channel. THENCE the following calls along the Southwesterly bank line of said Sabine-Neches Ship Channel: South 80 deg,,03 min.,36 sec.,East,a distance of 8.75'; South 69 deg,,46 min,,38 sec.,East.,a distance of 53,61'; South 66 deg., 36 min., 16 see.,East,a distance of 116.39'; South 59 deg., 2] min.,42 sec.,East,a distance of.161.57'; South 33 deg,, 16 rnin,,56 sec.,Bast,a distance of 36,35'; South 20 deg,,05 mitt.,44 sec,,East,a distance of 7696'; South 36 deg„45 min.,48 sec.,East,a di Cance of 116.43'; South 53 deg„44 min., 12 sec.,East,a distance of 119.49'; South 61 deg.,26 min., 19 sec.,East,a distance of]40,76'; 137 South 53 deg.,07 min., 50 sec.,East,adistance.of 108.58'; South 68 deg.,40 miry.,05 sea, East,a distance of 124.52'; South 66 deg.,56 min.,46 sec.,Last,a distance of 112.79'; South 66 deg,, 11 min,,20 sec.,East, a distance of 131.66'; South 61 deg.,37 mite„ 12 sec.,East, a distance of 125.53'; South 58 deg.,06min,,58 sec,,East,a distance of 108.80'; South 45 dog.,07 min.,50 sea.,East,a distance of 114.41'; South 37 deg„01 tnin.,06 beoi,Last,a distance of 90,98'; South 34 deg„43 min.,21 sec.,East,a distance of 100.83'; South 36 deg.,03 mitt., 14 eec,,East,a distance of 125.84'; South 38 deg.,59 rain.,28 sec.,East,a distance of 125.83'; South 46 dog., 57 min.,06 sec.,East,a distance of 123,24'; South 32 deg.,48 min.,4S sec.,East,a distance of 122.44'; South 34 deg.,21 min., 19 see.,East,a distanoe of 169.00'; South 28 deg.,35 min,,09 ser,.,East,a distance of 122.95'; South 31 deg., 10 ruin.,18 see.,East,a distance of 121.57'; South 36 deg., 17 min., 53 sec.,East,a distance of 214.87'; South 34 deg., 54 lain.,31 sea.,East,a distance of 139,18'; South 60 deg.,06 min., 16 sec.,East,a distance of 181.84'; South 59 deg., 17 min.,07 sec.,East,a distance of 208.59'; South 61 deg.,04 min., 18 sec.,East,a distance of 13458'; South 82 dog.,02 ruin.,32 sec.,East,a distance of 118,51'; North 87 deg., 58 min.,26 ace,,East,a distance of 100,03'; 43 138 South 68 deg.,51 min.,47 sec.,East,a distance of 116.90'; South 25 deg.,02 min.,27 Sec;.,East,a distance of 122.91'; South 44 deg.,23 analis„39 see„West,a distance of 94.29'; South 30 deg.,01 min., 17 sec..,West,a distance of 107.92'; North 73 deg.,00 min.,41 sec.,West,a distance of 31.87'; South 16 deg.,55 min.,01 sec„West,4 distance of 135.57'; South 07 deg.,43 min.,08 sec.,East,a distance of 174.49'; South 02 deg., 15 mixt.,32 sec.,West,a distance of 136,27'; South 03 deg., 11 min.,47 deo., East,a distance of 41.03'to a point being on the comni*n line of Division 3 and said Division 4;said point being the Southeast corner of the herein descxi bed tract: • THENCE South 70 deg., 00 zein., 47 see., West, on the common line of said Division 3 and 4, a distance of 25.50'passing a 1/2" steel ted set, capped, and marked "SOUTEX" for reference point; continuing on the common line of said Divisions 3 and 4 for a total distance of 2526.77' to a concrete monument with bass disc set by Houston Oil Company in March 1939 and identified as G-68; said concrete monument being a -common corner of said Division 3 and 4 ort the Ensterly line of said Division C; also being the Southeast corner of a (Called 14,9835) acre tract conveyed to Howell Cobb, Trustee,recorded in Vol.2116, Page 103,Deed Records,Jefferson County,Texas; THENCE South 70 deg.,00 min.,47 see West, (Culled South 70 deg.,00 min.,31 se'i., West),on the South line of the(Called 14.9835)acre tract,a distance of 1000.00'(Celled 1000.058)to a 1' steel pipe found for the Southwest corner of the(Called 14.9835)acre tract and the Southwest corner of the herein described tract, THENt'1~North 19 deg., 57 min.,51 sec.,West(Called North 19 deg., 57 min.,25 sec., West), a distance of(Called 652,654']passing the common hoe of said Divisions B and C;continuing for a total distance of 1079,25 to a I"steel pipe found for an angle point in the West line of t e herein described Tract; THENCE North 19 deg,, 59 rain., 37 sec., West tz distance of 1958.28' to a 1" steel pipe found for corner; THENCE North 69 deg., 59 min.,21 sec., East a distance of 1000.08' to a 2" steel pipe found on the common line of said Divisions.H and 7; 44 139 THENCE North 19 deg., 57 min.,49 sec.,West,on the common line of said Division l3 and said Division 7 and 8, a distance of 879.94' to the POINT OF 13EGINN NO and containing 250.8 acres of land. Note: All bearing and distances are based upon Stade Plane Coordinate Grid System NAD 83,Texas South Central Zone,Scale Factor 0.999891228. This description is based on the Land Title Survey made by Anthony M.Leger, Registered Professional Land Surveyor No. 5481:on Iebruary 10,2004. ExxonMobil(J,Y. Property) LS-03.1316 45 1.40 �e II i I ?ifiiirgli ,.., , ,iyemconsu OfyR7a{ °V� h�i +1 teisrwcctwII' �' _ µ_ �._—_ 3� 1� 141 , .1 . ,.. - ;." ,, ,��� 1 s I t !114 t ii,.....,-1 , i . vil 1 , ,/ / 4 - 1.1 . ,,, , , i ... , .., ,_,,,,, . _... . , , ... ‘ .• , ._,_ r . .. y l 1 , t I. ill I t f �: p. 1 \ '1 .:"\ 140 a .. �•4e r- Iti�� t: �` •'� '.3",,•t. + / Jr ik!. IP -.%to• , 1 •• iiii,.1 <,‘. s ,A !IlicS4 q.- : (4 4 , ':i : \\\,-- .-q s , 1 1 .1 itk ' P .,(3"---/ ill!i , %a 1 ., / 1! N, 1 14 r \i ' .,__.. i 1.% ,-- I 1 ;7`. I \I 1, 1 / . , ) r ‘4, 4. i 40 , t``s. 1 111 1 V t tw t ti tr '�� fill ! �� l ,tti '1 i • 1 ii41111 i 11 i . k. \ E v , 1 + Ct • 4r Aa:\\:510 �: - x,a .a a• 1.'�•,•. �•,• 3. ''P '] ' 31:7:a:3"1.1 1.It ,� ac L_''ZI32_C:.e..i3u L_, ._93'::2x: 933.1 1{,.� ]3,,� �>li7 ,4 mnsll.'�r �.H'..rr.11j. . ,.a.. ...1.�rn1,IVI• F1V. wIF�'f .` 60:ii i{..'�L rniii tetrt{1.,.. attf ii, > t i;i N6,t\U r Rt• .�.tr��>r1 .�r�. F�.AF�t.o�.�..l...I'V'..�c�� ,y..19.R.,ti.t�.gt.f.■..10 R y i i r O. :�CD�a Ritb 6�;<rtihtlitil iG`w➢i;it;t1 IrtinCt�OCgt�Cin�k etC .ki;genii 167 TRACT ONE 178.2 ACRES OF LAND PART OF DIVISION A,DENNIS GAHAGAN LEAGUE,ABSTRACT NO. 123, JEFFERSON COUNTY,TEXAS Boa u -ac o-- i,'.3300.ODOOo '3 A tract of land containing 1782 acres of land out of and part of Divisions A, Dennis Gahagan League, Abstract No. 12.3; said Division being according to the partition of the Dennis Gahagan League as shown on a map or plat recorded in Vol, T, Page 181, Deed Records, Jefferson County, Texas; said tract being more fully described by metes and bounds as follows,to wit: COMMENCING at a common corner of Division B and Division 8 on the South line of Division A; said corner being marked by a concrete monument with a brass disc set by Houston Oil Company in March 1939 and identified as G-71; THENCE North 70 deg,; 03 min., 15 sec.,East, on the common line of said Divisions A and 8, a distance of 758.40' to a Houston Oil Company concrete monument found and identified as 0-72; THENCE North 71 deg., 30 min., 39 sec., West, a distance of 7865.00'to a point; THENCE. South 08 deg., 00 min., 00 sec., West, a distance of 273.44' to a point for corner of the POINT OF BEGINNING on the Southerly bank line of the Sabine Neches Ship Channel; said point for corner being the Northeast corner of the herein described tract; THENCE South 08 deg., 00 min., 00 sec., West, a distance of 54.35'passing a i/2" steel rod, capped and marker "SOUTEX", found for reference point; continuing for a total distance of 2674.77'to a Y," steel rod found, capped and marked "SOUTEX", found for corner; THENCE South 84 deg., 00 min., 00 sec., East, a distance of 2981.70' to a point for corner for the Southeast corner of the herein described tract; from which a Houston Oil Company concrete monument found and identified as 0-61 bears South 84 deg., 00 min„ 00 sec.,East,a distance of 607.90'; THENCE West, a distance of 4724.56' to a Vs" steel rod set, capped and marked ''SOUTEX" on the Easterly right of way line of a dedicated road named State Highway 87;said 1/2"steel rod being the Southwest corner of the herein described tract; THENCE on the Easterly right of way line of said State Highway 87, on the arc of curve to the right having a radius of 2804.79', on arc length of 572.45',a chard bearing of North 10 deg., 04 thin., 08 sec., West, a chord distance of 571.46' to a !%2'' steel rod set, capped,and marked "SOUTEX" for corner; 168 THENCE North 04 deg,, 13 min., 19 sec., West, continuing on the Easterly right of way line of said State Highway 87, a distance of 2612.47` to a '/," steel rod set, capped, and marked'SOUTEX"for corner; THENCE continuing on the Easterly right of way line of said State Highway 87, on the arc of a curve to the left having a radius of 2924.79', an arc length of 739.27', a chord bearing of North 11 deg.,25 min., 52 see.,West,a chord distance of 737.30'to a %:" steel • rod set, capped and marked 'SOUTEX" for the Northwest corner of the herein described tract; THENCE South 59 deg.; 40 min., 00 sec., East, a distance of 1403.91' to a 1" steel pipe found for corner; THENCE North 27 deg., 39 man., 24 see., East, a distance of 543.75' passing a V2" steel rod set, capped, and marked "SOUTEX" for reference point; continuing for a total distance of 638,86'to a point for corner on the Southerly bank line of said Sabine Neches Ship Channel; THENCE on the Southerly bank Iine of said Sabine Neches Ship Channel: South 40 deg.,29 min., 12 sec., East,a distance of 150.04'to a point for corner; South 50 deg., 38 min., 39 sec.,East,a distance of 12223'to a point for corner; South 56 deg., 37 min., 20 sec., East,a distance of 332.84'to a point for corner; South 35 deg.,23 min., 13 sec.,East, a distance of 142.19'to a point for corner; South 50 deg., 13 min., 11 sec.,East, a distance of 237.49'to a point for corner; South 66 deg., 09 min., 57 sec., East, a distance of 356.69' to the POINT OF BEGINNING and containing 178.2 acres of land. Note: All bearings and distances are based upon State Plane Coordinate Grid System, NAD 83,Texas South Central Zone,Scale Factor =0.999891228 Note: All of the Divisions refereed to above are according to the partition of the Dennis Gahagan League, Abstract No. 123, Jefferson County, Texas, as shown on a map or plot recorded in Volume T, Page 181, Deed Records,Jefferson County,Texas. This description is bases on the Land Title Survey made by Anthony hol, Leger, Registered Professional Land Surveyor No. 5481, on October 12, 2005 Golden Puss LNG Terminal LP l,SS-05-1004 169 TRACT T W O 25.76 ACRES 01?LAND (SUBMERGED ) PART OF DIVISION A, DENNIS GAIIAGAI\LEAGUE, ABSTRACT NO, 123, JEFFERSON COUNTY, TEXAS 300 3-0oo • 1A 3500 . 0 cvc:c- S A tract of land 25.76 acres of land, being submerged land out of and part of Divisions A, Dennis Gahagan League, Abstract No. 123;said Division being according to the partition of the Dennis Gahagan League as shown on a map or plat recorded in Vol. T, Page 181, Deed Records, Jefferson County, Texas; said tract being more fully described by mete-s and bounds as follows, 'o wit: COMMENCING at a common corner of Division B and Division 8 on the South lute of Division A; said corner being marked by a concrete monument with a brass disc set by Houston Oil Company in March 1939 and identified as G-71; THENCE North 70 deg., 03 min., 15 sec., East, on the common line of said Divisions A and B, a distance of 758.40' to a Houston Oil Company concrete monument found and identified as G-72; THENCE North 71 deg., 30 min., 39 sec., West, a distance of 786 ,00' to a point for corner for the POINT OF BEGINNING and being an angle point on the Easterly line of the herein described tract; THE-NCE South 08 deg., 00 ruin., 00 sec., West, a distance of 273.44' to a point for corner on the Southerly bank line of the Sabine Neches Ship Channel; said point for corner being the Southeast corner of the herein described tract; THENCE on the Southerly bank line of said Sabine Neches Ship Channel: North 06 deg., 09 min., 57 sec., West, a distance of 356.69'to a point of corner; North 50 deg., 13 min., I t see., West, a distance of 237.49' to a point for corner; North 35 deg.,23 min., 13 sec.,West, a distance of 142.19'to a point for corner, North 56 deg.,37 min., 20 sec., West, a distance of 332.84'to a point for corner; North 50 deg.,38 min., 39 sec., West, a distance of 122.83'to a point for corner; North 40 deg., 29 ruin., 12 sec., West, a distance of 150,04'to a point far corner for the Southwest corner of the herein described tract THENCE North 27 deg., 39 min., 24 sec.,.East, a distance of 762.62'to a point for corner on the called centerline of said Sabine Neck= Ship Channel; said point for corner being the Northwest corner of the herein described tract; 170 THENCE on the called centerline of said Sabine Neches Ship Channel, on the arc of a curve to the left having a radius of 9573.41' on arc length of 944.77', a chord bearing of Sout:i 68 deg., 28 min., 54 sec., East, a chord distance of 944.38'to a point for corner; TFNCE South 71 deg., 30 nun., 39 sec., Past, continuing on the centerline of said Sabine Neches Ship Channel, a distance of 141.95' to a point for corner for the Northeast corner of the herein described tract; THENCE South 18 deg., 29 min., 21 sec., West, a distance of 843.99' to the POINT OF BEGINNING and containing 25.76 acres of land,being submerged land. Note: All bearings and distances are based upon State Plane Coordinate Grid System, NAD 83,Texas South Central Zone, Scale Factor= 0.999891228, Note: All of the Divisions referred to above are according to the partition of the Dennis Gahagan League, Abstract No. 123, Jefferson County, Texas, as shown on a map or plot recorded in Volume T, Page 181,Deed Records, Jefferson County, Texas, This description is bases on the Land Title Survey made by Anthony M. Leger, Registered Professional Land Surveyor No. 5481, on October 12,2005 Golden Pass LNG Terminal LP LS-05-1004A Exhibit "B-2" Legal Description and Map Depiction of the Base Plant (Attached as the next pages of this Exhibit "B-2" ) s.go]den pass expansion IDA 44 Exhibit B Base Year Properties of Affiliated Companies in Jefferson County,Texas Owner: Golden Pass LNG Terminal LLC 2015 Taxable Jefferson County Account No. CAD Reference No. Property Description Other Value' Terminal Plant Facilities Terminal Tract;Sabine Pass;Site 530730-000-000010-00100 530730000010 Facilities;Terminal Abatements 530730-000-000040-00000 530730000040 Terminal Tract;TCEQ Exemptions Terminal F&F,Equipment,Business Vehicles Personal Property on site (Furniture,Fixtures,Equipment, 530730-000-000050-00000 530730000050 Business Vehicles) Personal Property(capital spares) @ IAS(Ind.Apparatus Services) 530730-000-000060-00000 530730000060 warehouse,Beaumont Terminal Inactive Terminal Tract;Ship Berths 1&2; Sabine Pass;included in 530730-000-000015-00000 530730000015 530730000010 Terminal Tract;TCEQ Exemptions pending negotiation;included in 530730-000-000045-00000 530730000045 530730000040 - Personal Property @ JMB 530730-000-000070-00000 530730000070 Warehouse,Beaumont - 530730-000-000080-00000 530730000080 LNG inventory in tanks - Terminal Real Property - Tr 3-13 19 56 66&71-73 123 D Gahagen,250.8 acres Lot 3 4; • 300123-000-005000-00000 300123005000 Agricultural Exemption property gross appraised - Tr 118 143.124 acres;162.997 acres;170.079 acres 123 D 300123-000-123200-00000 300123123200 Gahagen(476.2 total acres) - Tr 119 149.017 acres;29.183 acres 123 D Gahagen(178.2 total acres); 300123-000-123300-00000 300123123300 Agricultural Exemption property gross appraised - Tr 120(Part of Div A)123 D Gahagen 174.600 acres(submerged 300123-000-123400-00000 300123123400 land) - Tr 121(Part of Div A)123 D Gahagen 25.760 acres(submerged 300123-000-123500-00000 300123123500 land) - TOTAL AD VALOREM TAXABLE VALUE: Golden Pass LNG Terminal LLC - Owner: Golden Pass Pipeline LLC Pipeline Miscellaneous 531130-000-000010-00000 531130000010 Misc Spare Parts on site - Pipeline Fixed Equipment 531130-000-000012-00000 531130000012 Centana Tap - 531130-000-000014-00000 531130000014 Centana/GTS Tap - 531130-000-000016-00000 531130000016 Beaumont Lateral Tap - 531130-000-000017-00000 531130000017 Golden Pass Tee - 531130-000-000018-00000 531130000018 Tejas/Texas Interconnect Pipeline 42"Installed 531130-000-000030-00000 531130000030 Segment 6874-78888 13.6 miles - 531130-000-000040-00000 531130000040 Segment 78888-98817 3.8 miles - 531130-000-000050-00000 531130000050 Segment 98817-108491 3.2 miles - 531130-000-000060-00000 531130000060 Segment 108491-25594 1.8 miles - 531130-000-000070-00000 531130000070 Segment 25594-138917 2.6 miles 7 - 531130-000-000080-00000 531130000080 Segment 138917-144414 1.0 miles - 531130-000-000090.00000 531130000090 Segment 144414-147297 0.6 miles - 531130-000-000100-00000 531130000100 Segment 147297-149393 0.4 miles - 531130-000-000110-00000 531130000110 Segment 149393-151486 0.4 miles - 531130-000-000120-00000 531130000120 Segment 151486-159708 1.6 miles - TOTAL AD VALOREM TAXABLE VALUE: Golden Pass Pipeline LLC - •Net of Agricultural Exemption where appropriate TRACT ONE 250.8 ACRES OF LAND OUT OF DIVISIONS B, C,AND 4 THROUGH 8, DENNIS GAHAGAN LEAGUE, ABSTRACT NO. 123 JEFFERSON COUNTY,TEXAS A tract of land containing 250.8 acres of land, out of and part of Divisions B, C, and 4 through 8 of the Dennis Gahagan League, Abstract No. 123; said Divisions being according to the partition of said Dennis Gahagan League as shown on a map or plat recorded in Vol. T, Page 181, Deed Records, Jefferson County, Texas; said tract being more fully described by metes and bounds as follows,to wit: BEGINNING at a common corner of Division B and Division 8 on the South line of Division A; said corner being marked by a concrete monument with a brass disc set by Houston Oil Company in March 1939 and identified as G-71; THENCE North 70 deg., 03 min., 15 sec., East on the common line of said Division A and Division 8, a distance of 758.40' passing a Houston Oil Company concrete monument found and identified as G-72 and being the Southeast corner of a (Called 233.72) acre tract described in and excepted from a deed dated September 23, 1941 from John T Stewart HI to J. E. Broussard, et al., recorded in Vol. 502, Page 218, Deed Records, Jefferson County, Texas; continuing on the common line of said Divisions A and 8 for a total distance of 902.78' to a point on the Southwesterly bank line of the Sabine-Neches Ship Channel. THENCE the following calls along the Southwesterly bank line of said Sabine-Neches Ship Channel: South 80 deg.,08 min., 36 sec.,East, a distance of 8.75'; South 69 deg.,46 min., 38 sec., East, a distance of 53.61'; South 66 deg.,36 min., 16 sec.,East, a distance of 116.39'; South 59 deg.,21 min., 42 sec.,East, a distance of 161.57'; South 33 deg., 16 min.,56 sec.,East,a distance of 36.38'; South 20 deg.,05 min.,44 sec.,East,a distance of 76.96'; South 36 deg.,45 min.,48 sec.,East, a distance of 116.43'; South 53 deg., 44 min., 12 sec., East,a distance of 119.49'; € sec.,East, South 61 deg.,26 mut., 19 a distance of 140.76'; South 53 deg., 07 min., 50 sec., East,a distance of 108.58'; South 68 deg.,40 min., 05 sec.,East,a distance of 124.52'; South 66 deg., 56 min.,46 sec., East, a distance of 112.79'; South 66 deg., 11 min., 20 sec.,East,a distance of 131.66'; South 61 deg., 37 min., 12 sec.,East, a distance of 125.53'; South 58 deg., 06min., 58 sec., East, a distance of 108.80'; South 45 deg.,07 min., 50 sec.,East, a distance of 114.41'; South 37 deg.,01 min.,06 sec., East,a distance of 9098'; South 34 deg.,43 min.,21 sec.,East,a distance of 100.83'; South 36 deg., 03 min., 14 sec.,East, a distance of 125.84'; South 38 deg., 59 min.,28 sec.,East, a distance of 125.83'; South 46 deg., 57 min.,06 sec.,East, a distance of 123.24'; South 32 deg.,48 min.,45 sec., East,a distance of 122.44'; South 34 deg.,21 min., 19 sec., East,a distance of 169.00'; South 28 deg., 35 min.,09 sec,,East,a distance of 122.95'; South 31 deg., 10 min., 18 sec.,East, a distance of 121.57'; South 36 deg., 17 min., 53 sec., East,a distance of 214.87'; South 34 deg., 54 min.,31 sec., East,a distance of 139.18'; South 60 deg., 06 min., 16 sec., East,a distance of 181.84'; South 59 deg., 17 min., 07 sec., East,a distance of 208.59'; South 61 deg., 04 min., 18 sec.,East,a distance of 134.58'; South 82 deg., 02 min., 32 sec.,East,a distance of 118.51'; North 87 deg., 58 min.,26 sec., East,a distance of 100.03'; AJj)/ South 68 deg., 51 min., 47 sec.,East, a distance of 116.90'; South 25 deg., 02 min., 27 sec., East, a distance of 122.91'; South 44 deg.,23 min., 39 sec.,West, a distance of 94.29'; South 30 deg., 01 min., 17 sec., West,a distance of 107.92'; North 73 deg., 00 min.,41 sec.,West, a distance of 31.87'; South 16 deg., 55 min., 01 sec.,West, a distance of 135.57'; South 07 deg.,43 min.,08 sec., East,a distance of 174.49'; South 02 deg., 15 min., 32 sec., West,a distance of 136.27'; South 03 deg., 11 min., 47 sec., East,a distance of 41.03' to a point being on the common line of Division 3 and said Division 4; said point being the Southeast corner of the herein described tract: THENCE South 70 deg., 00 min., 47 sec., West, on the common line of said Division 3 and 4, a distance of 25.50' passing a 1/2" steel rod set, capped, and marked "SOUTEX" for reference point; continuing on the common line of said Divisions 3 and 4 for a total distance of 2526.77' to a concrete monument with brass disc set by Houston Oil Company in March 1939 and identified as G-68; said concrete monument being a common corner of said Division 3 and 4 on the Easterly line of said Division C; also being the Southeast corner of a (Called 14.9835) acre tract conveyed to Howell Cobb, Trustee,recorded in Vol.2116, Page 103,Deed Records,Jefferson County,Texas; THENCE South 70 deg.,00 min.,47 sec West,(Called South 70 deg.,00 min.,31 sec., West), on the South line of the(Called 14.9835)acre tract,a distance of 1000.00'(Called 1000.058)to a 1 steel pipe found for the Southwest corner of the(Called 14.9835) acre tract and the Southwest corner of the herein described tract; THENCE North 19 deg., 57 min., 51 sec., West (Called North 19 deg., 57 min., 26 sec., West), a distance of(Called 652.654')passing the common line of said Divisions B and C; continuing for a total distance of 1079.25 to a l" steel pipe found for an angle point in the West line of the herein described Tract; THENCE North 19 deg., 59 min., 37 sec., West a distance of 1958.28' to a 1" steel pipe found for corner; THENCE North 69 deg., 59 min., 21 sec., East a distance of 1000.08' to a 2" steel pipe found on the common line of said Divisions B and 7; THENCE North 19 deg., 57 min., 49 sec., West, on the common line of said Division B and said Division 7 and 8, a distance of 879.94' to the POINT OF BEGINNING and containing 250.8 acres of land. Note: All bearing and distances are based upon State Plane Coordinate Grid System NAD 83, Texas South Central Zone, Scale Factor=0.999891228. This description is based on the Land Title Survey made by Anthony M. Leger, Registered Professional Land Surveyor No. 5481,on February 10,2004. ExxonMobil (J.V. Property) j LS-03-1316 • iilillii Pill114.14 it g1;11lli+ I 1!i I,�,�l;t,.l�l,,iill ,: . , ';+1' ;I ilii ii ii i1•i i:%_•. It I S' 41.1111'F�=lily dl;i1;i►�� ;?;tt ',4 �► , t4I am L1 1.0 I111t1 iI11 /. +i .� s i lr itP. 1j•„r !IIt 1! Iii '+� 1 . #i 111 '1 ill !till, <t, - ' •-r ' 0' 1 1 i• mi I f' { 1sf # ,i! T', A l ' I. (1 — t: r # i is , i =' iit it ilt ". il . d . ` , - y r + ` 1 . II- .4:4,.,-I I 'r ' Al .• . : - '�, .� A ! 1w • �i !,, ". .. -\.'1-. 7.'7-1-4.s'.. hip, A ,,, timed , ., , $1 mw�1[ , _iii t t.f.ii1' ` r : +� 0.-r,---'4 ' 1:1: . t i� ; I I /n _ ; 5 t;silli+ '#' [ . ., e' ______6--- o� 1,. i #• I '\ is i �F s .i 1, ... . M 4., 5. I- ', .1., 1. • ; iiI '4'T..-•i i •4•..j AM± iki 1tis1 441-----r--pa. 1'11 ,t;, 1, k4+11 ft!•fill ' ,Ii1 flbi"� i.i iiM•i`i �i,, . so wily IA i ill I i t i .0 i ill ii. i,}4` I i I - _._ . TRACT ONE 476.2 ACRES OF LAND PART OF DIVISIONS A&B, DENNIS GAHAGAN LEAGUE,ABSTRACT NO. 123 JEFFERSON COUNTY,TEXAS A tract of land containing 476.2 acres of land, out of and a part of Divisions A and B of the Dennis Gahagan League, Abstract No. 123; said Divisions being according to the partition of said Dennis Gahagan League as shown on a map or plat recorded in Vol. T, Page 181, Deed Records, Jefferson County, Texas; said tract being more fully described by metes and bounds as follows,to wit: BEGINNING at a common corner of Division B and Division 8 on the South line of Division A; said corner being marked by a concrete monument with a brass disc set by Houston Oil Company in March 1939 and identified as G-71; THENCE South 19 deg., 57 min., 49 sec., East, on the common line of Division B and Division 8,a distance of 879.94' to a 2"steel pipe found for corner; THENCE South 69 deg.,59 min., 21 sec., West,on the North line of Tract 2 described in Special Warranty Deed dated September 22, 1978, from Katherine Belle B. Doyle, et al., to Howell Cobb, Trustee, recorded in Vol. 2116, Page 85, Deed Records, Jefferson County, Texas, a distance of 1000.08' to a 1"steel pipe found for the Northwest corner of said Tract 2; THENCE South 19 deg., 59 min., 37 sec., East, on the West line of said Tract 2, a distance of 1134.83' to a'/2"steel rod set,capped and marked"SOUTEX"for corner; THENCE South 70 deg., 00 rain., 23 sec., West, on the North line of a tract of land set aside to Emma V. Joesting in Decree, recorded in Vol. 368, Page 608, Deed Records, Jefferson County, Texas and a portion of a tract of land set aside to Daisy M. Roche in Decree, recorded in Vol. 368, Page 608, Deed Records, Jefferson County, Texas, a distance of 1534.37' to a 1/2"steel rod set,capped and marked"SOUTEX"for corner; THENCE North 63 deg., 04 min., 53 sec., West, a distance of 2576.83' to a /2" steel rod set, capped and marked "SOUTEX" for corner on the common line of said Division B and Division 12; THENCE North 21 deg., 01 min., 38 sec., East, on the common line of Division B and . Division 12, a distance of 1126.94' to a Houston Oil Company concrete monument identified as G-61 found for corner, said concrete monument being the common corner of Division B and Division 12 and being on the South line of Division A; THENCE North 84 deg., 00 min., 00 sec., West, a distance of 3589.69' to a '/z" steel rod set,capped and marked"SOUTEX"for corner; THENCE North 08 deg., 00 min., 00 sec., East a distance of 2620.42' passing a ''/s" steel rod set, capped and marked "SOUTEX" for reference point; continuing for a total distance of 2720.42' to a point for corner on the Southerly bank line of the Sabine Neches Ship Channel; THENCE on the Southerly bank line of said Sabine Neches Ship Channel: South 77 deg., 06 min., 43 sec., East, a distance of 495.18'; South 49 deg.,29 min., 15 sec.,East,a distance of 39.44'; South 65 deg., 56 min.,40 sec., East,a distance of 226.93'; South 72 deg.,30 min.,23 sec.,East,a distance of 260.46'; South 85 deg.,01 min., 34 sec., East,a distance of 141.74'; South 76 deg., 52 min.,07 sec.,East,a distance of 133.20'; South 76 deg., 57 min., 11 sec., East, a distance of 32.22'; South 41 deg., 18 min.,28 sec.,East,a distance of 50.07'; South 58 deg., 19 min., 42 sec., East,a distance of 97.16'; South 72 deg.,24 min., 52 sec., East,a distance of 130.08'; South 82 deg., 38 min., 40 sec.,East,a distance of 207.23'; South 70 deg.,46 min., 13 sec.,East,a distance of 84.67'; South 76 deg., 38 min., 38 sec., East,a distance of 100.77'; South 78 deg.,48 min.,29 sec.,East,a distance of 91.24'; South 61 deg.,24min.,48 sec., East, a distance of 54.00'; South 53 deg.,44 min.,45 sec.,East,a distance of 121.95'; South 56 deg.,49 min., 34 sec., East, a distance of 110.17'; South 65 deg.,27 min.,43 sec., East,a distance of 93.36'; South 74 deg., 38 ruin., 51 sec., East, a distance of 110.03'; South 83 deg.,33 min.., 57 sec.,East,a distance of 99.12'; I Q North 71 deg., 33 min.,24 sec.,East, a distance of 40.68'; South 78 deg., 03 min., 12 sec., East,a distance of 55,12'; South 85 deg., 49 min.,28 sec., East,a distance of 94.09'; South 66 deg., 36 min.,20 sec., East, a distance of 86.18'; South 73 deg., 17 min., 50 sec., East, a distance of 89.98'; South 67 deg.,03 min.,41 sec., East, a distance of 137,01'; South 60 deg., 11 min.,31 sec., East,a distance of 102.81'; South 63 deg., 04 min., 18 sec., East,a distance of 80.70'; South 64 deg.,42 min.,43 sec.,East,a distance of 56.25'; South 68 deg., 49 min., 52 sec.,East, a distance of 99.75'; South 76 deg., 33 min., 12 sec., East, a distance of 143.39'; North 87 deg., 13 min., 53 sec., East,a distance of 64.35'; North 54 deg.,29 min., 39 sec., East,a distance of 34.86'; South 48 deg.,23 min.,43 sec.,East,a distance of 29.53'; South 67 deg., 00 min.,38 sec.,East,a distance of 50.58'; South 30 deg.,24 min.,47 sec.,East, a distance of 34.51'; South 44 deg.,26 min., 32 sec., East,a distance of 47.89'; South 59 deg.,48 min., 57 sec., East,a distance of 68.29'; South 71 deg.,27 min.,32 sec.,East,a distance of 97.11'; South 69 deg., 58 min.,28 sec.,East,a distance of 160.85'; South 80 deg., 55 min.,54 sec.,East,a distance of 181.89'; South 85 deg., 58 min.,01 sec.,East,a distance of 155.60'; South 86 deg.,30 min.,39 sec., East,a distance of 111.34'; North 80 deg., 51 min., 51 sec.,East,a distance of 78.98'; North 78 deg., 52 min.,20 sec., East, a distance of 83.22'; South 89 deg.,32 min., 33 sec.,East,a distance of 28.45'; South 77 deg., 58 min.,44 sec., East,a distance of 63.60'; South 79 deg., 18 min.,00 sec.,East,a distance of 57.27'; South 86 deg., 35 min.,49 sec.,East, a distance of 103.04'; South 85 deg., 13 min.,46 sec., East,a distance of 396.88'; North 88 deg.,27 min.,41 sec., East,a distance of 92.18'; North 80 deg.,00 min.,00 sec.,East,a distance of 92.02'; South 76 deg.,37 min., 16 sec.,East,a distance of 61.52'; South 70 deg., 01 min.,34 sec.,East, a distance of 57.84'; South 74 deg., 34 min.,06 sec.,East,a distance of 67.61'; South 60 deg.,07 min., 14 sec., East,a distance of 120.11'; South 64 deg.,33 min., 16 sec., East,a distance of 92.75'; South 69 deg., 00 min.,45 sec.,East, a distance of 154.14'; South 67 deg., 31 min., 13 sec., East,a distance of 159.69'; South 68 deg., 40 min.,49 sec.,East,a distance of 101.47'; South 73 deg., 10 min., 32 sec,, East,a distance of 159.80'; South 80 deg., 20 min.,38 sec.,East,a distance of 96.13'; North 79 deg., 53 min.,35 sec.,East,a distance of 88.33'; North 85 deg., 36 min.,37 sec.,East,a distance of 26.51'; South 79 deg., 35 min., 19 sec., East,a distance of 112.09'; � South 73 deg., 37min., 41 sec., East,a distance of 154.19'; "l d"/ South 71 deg., 04 min., 01 sec., East, a distance of 99.88'; South 44 deg., 36 min., 50 sec.,East, a distance of 152.63'; South 49 deg., 47 min.,34 sec., East,a distance of 98.16'; South 67 deg., 10 min.,09 sec., East,a distance of 12832'; South 53 deg.,21 min.,08 sec., East,a distance of 107.67'; South 67 deg., 40 min.,47 sec., East, a distance of 194.33'; South 83 deg., 05 min.,37 sec., East, a distance of 60.77'; South 80 deg.,08 min., 37 sec., East,a distance of 153.00' to a point for corner being the intersection of the Southerly bank line of the Sabine Neches Ship Channel and the common line of Division A and Division 8; THENCE South 70 deg., 03 min., 15 sec., West, on the common line of said Division A and Division 8, a distance of 144.38' passing a Houston Oil Company concrete monument found and identified as G-72; continuing on the common line of Division A and Division 8 for a total distance of 902.78' to the POINT OF BEGINNING and containing 476.2 acres of land. Note: All bearings and distances based upon State Plane Coordinate Grid System NAD 83,Texas South Central Zone, Scale Factor=0.999891228. Note: All of the divisions referred to above are according to the partition of the Dennis Gahagan League,Abstract No. 123,Jefferson County,Texas,as shown on a map or plat recorded in Vol. T, Page 181,Deed Records,Jefferson County,Texas; This description is based on the Land Title Survey made by Anthony M. Leger, Registered Professional Land Surveyor No. 5481, on November 15,2003. Golden Pass LNG Terminal LP LS-03-1192A TRACT TWO 174.6 ACRES OF LAND (SUBMERGED)PART OF DIVISION A,DENNIS GAHAGAN LEAGUE,ABSTRACT NO. 123,JEFFERSON COUNTY,TEXAS A tract of land containing 174.6 acres of land, being submerged land out of and a part of Division A of the Dennis Gahagan League, Abstract No. 123; said division being according to the partition of the Dennis Gahagan League as shown on a map or plat recorded in Vol. T, Page 181, Deed Records, Jefferson County, Texas; said tract being more fully described by metes and bounds as follows,to wit: COMMENCING at the common corner of Division B and Division 8, on the South line of Division A; said corner being marked by a concrete monument with a brass disc set by Houston Oil Company in March 1939 and identified as G-71; THENCE North 70 deg., 03 min., 15 sec, East, on the common line of Division A and Division 8, a distance of 758.40' to a Houston Oil Company concrete monument found and identified as G-72; continuing for a total distance of 902.78' to a point on the Southerly bank line of the Sabine Neches Ship Channel; said point being the POINT OF BEGINNING of the herein described tract; THENCE on the Southerly bank line of the Sabine Neches Ship Channel: North 80 deg.,08 min., 37 sec., West, a distance of 153.00'; North 83 deg.,05 min., 37 sec.,West, a distance of 60.77'; North 67 deg.,40 min.,47 sec.,West, a distance of 194.33'; North 53 deg., 21 min., 08 sec.,West, a distance of 107.67'; North 67 deg., 10 min., 09 sec.,West,a distance of 128.72'; North 49 deg.,47 min., 34 sec.,West,a distance of 98.16'; North 44 deg., 36 min., 50 sec., West, a distance of 152.63'; North 71 deg., 04 min., 01 sec.,West,a distance of 99.88'; North 73 deg., 37 min.,41 sec.,West,a distance of 154.19'; North 79 deg., 35 min., 19 sec.,West,a distance of 112.09'; South 85 deg., 36 min.,37 sec.,West,a distance of 26.51'; South 79 deg., 53 min.,35 sec.,West,a distance of 88.33'; North 80 deg., 20 min., 38 sec., West,a distance of 96.13'; North 73 deg., 10 min.,32 sec., West,a distance of 159.80'; North 68 deg.,40 min., 49 sec., West, a distance of 101.47'; North 67 deg., 31 min., 13 sec., West, a distance of 159.69'; North 69 deg., 00 min.,45 sec., West, a distance of 154.14'; North 64 deg., 33 min., 16 sec., West, a distance of 92.75'; North 60 deg.,07 man., 14 sec., West, a distance of 120.11'; North 74 deg., 34 min.,06 sec.,West, a distance of 67.61'; North 70 deg., 01 min.,34 sec., West, a distance of 57.84'; North 76 deg., 37 min., 16 sec., West, a distance of 61.52'; South 80 deg., 00 min., 00 sec., West, a distance of 92.02'; South 88 deg.,27 min., 41 sec., West,a distance of 92.18'; North 85 deg., 13 min., 46 sec., West,a distance of 396.88'; North 86 deg., 35 min.,49 sec., West,a distance of 103.04'; North 79 deg., 18 min.,00 sec., West,a distance of 57.27'; North 77 deg., 58 min.,44 sec., West, a distance of 63.60'; North 89 deg., 32 min., 33 sec., West, a distance of 28.45'; South 78 deg., 52 min.,20 sec., West, a distance of 83.22'; South 80 deg., 51 min.,51 sec., West, a distance of 78.98'; North 86 deg., 30 min., 39 sec., West,a distance of 111.34'; North 85 deg.,58 min., 01 sec.,West,a distance of 155.60'; North 80 deg., 55 min., 54 sec.,West,a distance of 181.89'; North 69 deg., 58 min., 28 sec., West, a distance of 160.85'; North 71 deg.,27 min., 32 sec., West, a distance of 97.11'; North 59 deg.,48 min.,57 sec., West,a distance of 68.29'; North 44 deg.,26 min., 32 sec.,West,a distance of 47.89'; North 30 deg.,24 min.,47 sec.,West,a distance of 34.51'; North 67 deg.,00 min.,38 sec.,West,a distance of 50.58'; North 48 deg.,23 min.,43 sec.,West,a distance of 2953'; South 54 deg.,29 min., 39 sec.,West,a distance of 34.86'; South 87 deg., 13 min., 53 sec.,West,a distance of 64.35'; North 76 deg.,33 min., 12 sec.,West,a distance of 143.39'; North 68 deg.,49 min., 52 sec., West, a distance of 99.75'; North 64 deg.,42 min.,43 sec.,West,a distance of 56.25'; North 63 deg.,04 min., 18 sec., West,a distance of 80.70'; North 60 deg., 11 min., 31 sec.,West,a distance of 102.81'; North 67 deg.,03 min.,41 sec.,West,a distance of 137.01'; North 73 deg., 17 min.,50 sec.,West,a distance of 89.98'; North 66 deg., 36 min.,20 sec.,West,a distance of 86.18'; North 85 deg.,49 min., 28 sec.,West,a distance of 94.09'; North 78 deg.,03 min., 12 sec., West,a distance of 55.12'; South 71 deg.,33 min.,24 sec.,West,a distance of 40.68'; North 83 deg., 33 min., 57 sec., West,a distance of 99.12'; North 74 deg.,38 nun.,51 sec., West,a distance of 110.03'; North 65 deg.,27 min., 43 sec., West,a distance of 93.36'; �y / North 56 deg.,49 min.,34 sec.,West,a distance of 110.17'; i\j North 53 deg., 44min., 45 sec., West,a distance of 121.95'; North 61 deg., 24 min.,48 sec.,West,a distance of 54.00'; North 78 deg.,48 min., 29 sec., West, a distance of 91.24'; North 76 deg., 38 min., 38 sec., West, a distance of 100.77'; North 70 deg.,46 min., 13 sec., West, a distance of 84.67'; North 82 deg., 38 min., 40 sec., West, a distance of 207.23'; North 72 deg., 24 min.,52 sec., West, a distance of 130.08'; North 58 deg., 19 min.,42 sec., West,a distance of 97.16'; North 41 deg., 18 min.,28 sec., West,a distance of 50.07'; North 76 deg., 57 min., 11 sec., West, a distance of 32.22'; North 76 deg., 52 min., 07 sec., West, a distance of 133.20'; North 85 deg., 01 min., 34 sec., West,a distance of 141.74'; North 72 deg., 30 nun.,23 sec., West, a distance of 260.46'; North 65 deg., 56 min.,40 sec., West, a distance of 226.93'; North 49 deg.,29 min., 15 sec.,West, a distance of 39.44'; North 77 deg.,06 min., 43 sec., West, a distance of 495.18'; THENCE North 08 deg.,00 min., 00 sec., East, a distance of 227.80' to a point on the North line of the called 233.72 acre tract; THENCE North 18 deg.,29 min., 21 sec., East, a distance of 843.99'to a point on the called centerline of the Sabine Neches Ship Channel; THENCE South 71 deg., 30 min.,39 sec., East, on the called centerline of the Sabine Neches Ship Channel,a distance of 8734.07'to a point being the Point of Curvature of a curve to the right; THENCE on the called centerline of the Sabine Neches Ship Channel on the arc of a curve to the right having a radius of 3819.41', a chord bearing of South 70 deg., 13 min., 06 sec.,East, a chord distance of 189.12'to a point for the intersection of the called centerline of the Sabine Neches Ship Channel and the common line of Division A and Division 8 (or the Northeasterly projection thereof); THENCE South 70 deg.,03 min., 15 sec., West, on the common line of Division A and Division 8 (or the Northeasterly projection thereof),a distance of 1206.46' to the POINT OF BEGINNING and containing 174.6 acres of land,being submerged land. Note: All bearings and distances based upon State Plane Coordinate Grid System NAD 83, Texas South Central Zone, Scale Factor=0.999891228. Note: All of the divisions referred to above are according to the partition of the Dennis Gahagan League, Abstract No. 123 Jefferson County,Texas,as shown on a map or plat recorded in Vol. T,Page 181,Deed Records,Jefferson County,Texas; This description is based on the Land Title Survey made by Anthony M. Leger, Registered Professional Land Surveyor No. 5481,on November 15, 2003 Golden Pass LNG Terminal LP .i LS-03-1 192 ' 71off,7s4474f t >r 10IIU 964NI j 1flgZGE.—Z*N.*t i § ti 1 i -- . • u PiI r � j' I '^ ..� '1[�'�,� 't lir I �},� Yeoxo ne u c�zJ� »cve. �f n iii .r&gni i utsrfucr Ho. Asa ;� tire`' .r Ili 1•i I i — — — ill '� 1 ?ZI' . ; ■ .l , /�':. .■�_ '� iii(. I' ��i ,\ I ! ' % 3 ‘ 1. i / sp / p{ 11 Z ,f/ / yi S /r A ' M. i I / • ` , ��4 '�1 .'c.t /'t 17k`lf / I `aa oil 4 /ti ,� I i Li L; �.�y``I g I r // \ o S I \,,/' y i`i t0A Q PP' G} IkS y • .igi + Oh . IF• R a • s C t /f q `' �✓C . II .� / i 6-- . 1. I �l t t, f + t ,:., i.i- e 'm ' %-- X. / X :,* ,1/2. R Oft I- it% `, 1, t li- ` : F 1ij pi \ �� • ,a /1 in ' ` Ili '- +RQ� �`�-��rt'+7�� �.. ai?np-r 7R''i?;`a';n v^ao�-a�'�j�°--..�y�a_ A�' v Lam- J 2: L 4 LL C L L��.L....r Ez L..JJ LL 4 n L :'.5r1� —li �/■ rr■ r•Aare.REMoIisagp/q'11!o! 41rra1�pn1r�! laPFupIP■ •A { '� f•r. �. t 1 � �It �c 1 •bLa>,r1lli gib;akkiiiIMI A►E0�rLb11401lrs49r5kIM■IrItiNANi■YLINPnllkrbh e ap1TA! A■!0tPrr [ ■ A "WrPA Di � �� QYW Idlh `Q1kba-1I rYAY ■ 411ilt4144Y4 rrYr■ror44YL■ laas4■0trarY tl :I • Exhibit "C" List of Present Owners and Lessees of Property Located in the Affected Area and Pertaining to the Facility, Except for Excluded Persons GOLDEN PASS LNG TERMINAL, LLC GOLDEN PASS PIPELINE, LLC s.golden pass expansion IDA 45