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for or generated in connection with the implementation of rebate <br />provisions of this Agreement. <br />6. Use of Funds; Future_ _Fees. Funds rebated pursuant to this Agreement <br />shall be used by Copany solely for obligations and /or improvements <br />permitted under Louisville Municipal Code section 3.24.060 (as enacted <br />by Ordinance No. 1507, Series 2007). The rebates provided for under this <br />Agreement are solely for the initial construction of the Project and for the <br />rebate period stated herein. Any subsequent construction activities shall <br />be subject to payment without rebate of all applicable building permit fees <br />and construction use taxes. <br />7. Effect of Change in Tax Rate. Any increase or decrease in the City <br />general sales, construction use, or consumer use tax rate above or below <br />the applicable tax rate at the date of execution of this Agreement shall not <br />affect the rebate payments to be made pursuant to this Agreement; rather, <br />the amount of the rebate payments will continue to be based upon the <br />general sales, construction use, or consumer use tax rate applicable at the <br />date of execution of this Agreement (excluding the City's three- eighths <br />percent (3/8 %) Open Space Tax and the one - eighth percent (1/8 %) <br />Historic Preservation Tax). Any decrease in the City general sales, <br />construction use, or consumer use tax rates shall cause the amount of the <br />rebate payments made pursuant to this Agreement to be based on the <br />applicable percentage of revenues actually received by the City from <br />application of the tax rate affected. (excluding said Open Space and <br />Historic Preservation Taxes). <br />8. Entire Agreement. This instrument shall constitute the entire agreement <br />between the City and Company and supersedes any prior agreements <br />between the parties and their agents or representatives, all of which are <br />merged into and revoked by this Agreement with respect to its subject <br />matter. Contact information is as follows: <br />If to Company: <br />AquaHydrex, Inc. <br />Attn: A lan Henderson or Bob Grier <br />1797 Boxelder Way <br />Louisville, CO 80027b.grier@aquahvdrex.com.au <br />TBD based on Louisville City Council approval <br />If to City: <br />Louisville City Hall <br />Attn: Economic Development <br />749 Main Street <br />Louisville, CO 80027 <br />303.335.4531 <br />aarond @louisvilleco.gov <br />Page 3 of 6 <br />