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FIRST AMENDMENT TO BUSINESS ASSISTANCE AGREEMENT FOR LOUISVILLE WATERING HOLE, INC, IN THE CITY OF LOUISVILLE THIS FIRST AMENDMENT TO BUSINESS ASSISTANCE AGREEMENT ("First Amendment") is made and entered into as of the 24th day of March , 2022, between the CITY OF LOUISVILLE, a Colorado home rule municipal corporation (the "City"), and LOUISVILLE WATERING HOLE, INC (the "Company"), a Colorado corporation. WHEREAS, by Resolution No. 56, Series 2021, the City Council approved a Business Assistance Agreement with LuLu's Low Country Kitchen, LLC (the "Original Agreement") to provide certain business assistance in connection with the Company's desire to open a new restaurant concept in Louisville (the "Project"); and WHEREAS, by Resolution No. 2, Series 2022, the City Council approved the assignment of the Original Agreement to Louisville Watering Hole, Inc (the "Assignment"); and WHEREAS, the Company is in the process of occupying 6,163 square feet of vacant commercial space at 988 W. Dillon Road (the "Project Location"), which was vacated by the prior tenant in 2020; and WHEREAS, the Company will bring new basic jobs to the City, as well as generate new Sales Tax revenue; and WHEREAS, the Company is currently in the process of obtaining required permits, and thus its planned opening schedule has been delayed, such that the Company now anticipates completing their project by no later than December 31, 2022 instead of by no later than March 31, 2022; and WHEREAS, the City Council finds the execution of this First Amendment to extend the completion date and the period for permit fee and use tax rebates will serve to provide benefit and advance the public interest and welfare of the City and its citizens by securing this economic development project within the City. NOW THEREFORE, in consideration of the mutual promises set forth below, the City and Company agree as follows: Section 1. The following sections of the Agreement are hereby amended to read as follows (words to be deleted qtr ; words to be added underlined): 1. Building Permit Fee Rebates. The City shall rebate to the Company 50% of the building permit related fees for the Project, required under Louisville Municipal Code, section 15.04.050 and section 108.2 of the International Page 1 of 3