Childress County TX tax abatement - 30 day Notice Amended and Restated Tax Abatement on behalf of Clarendon College- IE US Development Holdings 3 Inc. IE US Hardware 1-4 Inc.

NOTICE OF TAX ABATEMENT CONSIDERATION

CHILDRESS COUNTY COMMISSIONERS COURT
DATE: August 12, 2024 TIME: 9:00 A.M.
PLACE: Childress County Courthouse, 100 Avenue East NW, Childress, Texas

PURPOSE: On behalf of Clarendon College and pursuant to the Texas Tax Code Section 312.004,
the Childress County Commissioners Court will discuss and take possible action regarding Amended
and Restated Tax Abatement Agreements with Property Owner, pursuant to Chapter 312 of the Texas
Tax Code.

Property Owner and Applicant for Tax Abatement: IE US Development Holdings 3 Inc., IE US
Hardware 1 Inc., IE US Hardware 2 Inc., IE US Hardware 3 Inc. and IE US Hardware 4 Inc.

Proposed Reinvestment Zone: Iris Energy Reinvestment Zone #2

Property in Proposed Reinvestment Zone: See attached map and legal description provided in
Exhibit “A” attached hereto and incorporated herein for all purposes.

Anticipated Improvements: The general description of the nature of the improvements included in
the agreements is as follows:

Property Owner anticipates building and operating a proprietary data center and other electrical
infrastructure related to the mining of Bitcoin.

Summary of Proposed Amendments:

Tax Abatement Agreements were entered into with Property Owner and Applicant for Phase 2 and
Phase 3 for a Project located in the Iris Energy Reinvestment Zone. The Property Owner has purchased
additional property adjacent to the Iris Energy Reinvestment Zone. The Amended and Restated Tax
Abatement Agreements for Phase 2 and Phase 3 would reference the new Iris Energy Reinvestment
Zone #2.

Estimated Cost of the Improvements: The estimated cost of the improvements being contemplated
by Property Owner and Applicant is approximately $1,400,000,000.00.

FOR DETAILED INFORMATION OR QUESTIONS CALL COUNTY JUDGE’S OFFICE AT
(806) 937-2221.

CERTIFICATION

I certify that the above Notice of Tax Abatement Consideration was posted on the bulletin board and
exterior door at the Courthouse dgor of Childress County, Texas, at a place readily accessible to the
general public at all times on incl day of July, 2024, and pursuant to Texas Tax Code 312.207 and
Chapter 551, Texas Government Code, said Notice remained so posted continuously for at least 30

days preceding the scheduled time of said Meeting.
Kerb 4. om

Ki berly Jones () :
Co nty Judge, Childress Count Texas

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Exhibit “A”

LEGAL DESCRIPTION AND MAP OF
IRIS ENERGY REINVESTMENT ZONE #2

Iris Energy Reinvestment Zone #2 is comprised of the following real property. In the event of
discrepancy between this Exhibit “A” and the attached map, this legal description shall control;
provided however, the Iris Energy Reinvestment Zone #2 shall in no way be deemed to include
any portion of any municipality.

Tract I:
416.083 acres of land out of Section 421, Abstract 208, Block H, W & NW Ry. Co. Surveys,
Childress County, Texas.

Tract

The West One-Half of the Northwest One-Quarter (W/2 or NW/4) of Section Four Hundred
Twenty-one (421) in Block H of the Waco & Northwestern Railway Company Survey in
Childress County, Texas.

Tract Il

A 80.12 acre tract of land situated in Section 421, Block H, W&NW RR Co Survey, Abstract No.
208, Childress County, Texas. Being all of that certain called tract as described in a deed from
Doris Collins as Trustee of the Lola S. Collins Revocable Trust Dated November 28, 1994, to
Doris Collins and Druena Collins Lock, Dated August 29, 2013, recorded in Volume 508, Page
440, Official Public Records, Childress County, Texas and described more particularly by metes
and bounds as follows:

Beginning at a %” iron rod (set with cap marked “PATRIOT SURVEYING”) in the North
boundary line of Section 421, from which a mag nail (found) at the Northwest corner of Section
421 bears North 89° 41’ 01” West, a distance of 1318.45 feet;

THENCE South 89° 41° 01” East, for a distance of 1318.45 feet, with the North boundary line of
Section 421, to a %” iron rod (found) at the Northwest corner of that certain called 416.083 acre
tract as described in instrument number 202100858;

THENCE South 00° 49’ 34” West, for a distance of 2645.92 feet, with the West boundary line of
the above mentioned 416.083 acres tract and with the West boundary line of that certain called
20.288 acre tract as described in instrument number 2022000424, to a %” iron rod (found) in the
West boundary line of the above mentioned 20.288 acre tract, and at an interior ell corner of said
416.083 acre tract, from which a 5/8” iron rod (found with cap marked “STANTEC”) at the
Northwest corner of said 20.288 acres tract bears North 00° 49’ 34” East, a distance of 399.45 feet;

THENCE North 89° 35’ 08” West, for a distance of 1320.70 feet, to a ’2” iron rod (set with cap
marked “PATRIOT SURVEYING”);

THENCE North 00° 52’ 31” East, for a distance of 2663.68 feet, back to the PLACE OF
BEGINNING and containing 80.12 acres of land.


EXHIBIT A (CONTINUED)
MAP OF
IRIS ENERGY REINVESTMENT ZONE #2

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