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i <br />Section 2. Section 2 of the Agreement.is hereby revised to read as follows <br />(wordsto be deleted stFiskerl; words to be added underlined): <br />2. Use Tax Rebate -Construction. The City shall rebate to the <br />Company 50% of the Construction Use Tax on. the building <br />materials for the Project, required under Louisville Municipal <br />Code, section 3.20.300, excluding all revenues from the Open <br />Space Tax, Historic Preservation Tax, and Recreation Center <br />Tax for the Project, for the period from execution of this <br />Agreement and ending Aag66t 34, December 31, 2020. <br />Section 3. Section 8 of the Agreement is hereby revised to read as follows <br />(words to be deleted stFiGkea; words to be added underlined): <br />8. Termination. This Agreement shall terminate and become <br />void and of no force or effect upon the City if, by:August 31, <br />2020 December 31, 2020, the Company has not completed <br />the Project as described in the Company's application for <br />business assistance (as evidenced by a successful final <br />inspection for the Project); or should fail to comply with any <br />City code. <br />Section 4. Except as amended by this First Amendment, the Business <br />Assistance Agreement with Duda, Inc. shall remain in full force and effect in <br />accordance with its terms. <br />This First Amendment is enacted this day of �C , <br />2020. <br />DUDA, INC. <br />A California corporation <br />���� J6lGtGl�'I <br />By: Itai sadan (Feb 26, 2020) <br />Itai Sadan <br />CEO <br />Page 2 of 2 <br />CITY OF LOUISVILLE <br />Ashley olzm n <br />Mayor <br />ATTEST: <br />e e th uth, City Clerk <br />