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by TCEQ, EPA, USACE, or other relevant environmental regulatory <br />authorities. <br />F. Upon satisfaction of the Environmental Remediation Requirements with <br />respect to the Third Phase Property, PEDC shall to convey to American fee <br />simple title to such Third Phase Property in the same manner as provided for <br />the First Phase Property in paragraph 3.3.A above. At the time of conveyance, <br />PEDC, at its expense, shall provide owner's title insurance as to the Third <br />Phase Property (including, without limitation, delivery of a duly executed <br />and acknowledged Warranty Deed conveying fee simple title to the Third <br />Phase Property to American). The satisfaction of the Environmental <br />Remediation Requirements and subsequent conveyance of the Third Phase <br />Property shall occur no later than eighteen (18) months following the <br />Effective Date. During this eighteen (18) month period, PEDC shall allow <br />American and its contractors access to and over the Third Phase Property <br />such that construction on the First Phase Property may occur concurrently <br />with the wetland remediation efforts on the Third Phase Property to the <br />extent such access and construction is permitted by TCEQ, EPA, USACE or <br />other relevant environmental regulatory authorities. <br />G. The Parties acknowledge that Property must be platted in accordance with <br />Code of Ordinances of the City of Paris and that PEDC shall be responsible for <br />completing the platting requirement. <br />H. Claw back provisions as to land grant: In lieu of any restrictive covenants <br />of title relating to economic development goals and employment metrics, the <br />Parties have agreed that American will pay PEDC liquidated damages as <br />follows should American fail to meet construction and/or job creation and <br />maintenance goals: <br />1. Claw back provisions relating to time of construction: If American <br />fails to reach Completion of Construction on the Facility on or before the <br />dates set forth in the table below, American shall pay PEDC liquidated <br />damages as follows: <br />32300691 v10 <br />