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in Schedule A attached hereto. c. Projected Payment (Current Layout). Based on the current system layout, the Project is projected to be approximately 2.7 MW (AC). The projected Year 1 annual payment is therefore $8,100.00, escalating at 2% per year for 25 years, for a projected total of $196,808.70. This projection is not controlling if the Final System Size differs. d. Payment Due Date; Final System Size Determination; PTO Trigger. Each annual payment shall be due on January 1 of the applicable payment year, commencing on January 1 of the first calendar year following the year in which the Project achieves Permission to Operate (“PTO”) (i.e., written authorization issued by the interconnecting utility permitting the Project to energize/operate and generate electricity). Payment shall be delivered within thirty (30) days of each due date. The Owner shall provide the Town a copy of the PTO authorization within five (5) business days after receipt (redactions permitted only for account numbers or similar utility identifiers). The Final System Size (MWac) shall be determined based on the MWac reflected in the PTO documentation and/or final interconnection documentation, as reasonably confirmed by as-built electrical documentation and inverter nameplates. e. Payment Delivery. Payment shall be made payable to “Town of Wales” and delivered to the Town Supervisor (or designee) at Town of Wales, 12345 Big Tree Road, Wales Center, NY 14169, or such other address as the Town designates by written notice. 3. Binding Effect. This Agreement shall be binding upon the Parties and their successors and assigns. 4. Notice. Any notice contemplated under this Agreement shall be deemed to have been given if the same shall be provided, in writing, to the other Party, and shall be delivered personally, deposited in the United States Mail by registered or certified mail, return receipt requested, postage prepaid, or sent by any nationally recognized delivery service and addressed as set forth below (or to such other address as a Party may designate by notice): If to the Town: Town Supervisor Town of Wales Page 2 of 4