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Resolution Agreement Page 2 of 6 and rernit all such Cabarrus Occupancy Taxes through the following methods, at the option of each OTC: (i) Accommodation Provider Remit: All Cabarrus Occupancy Taxes will be reported and remitted to the providers of the accommodations in accordance with N.C. Gen. Stat. § 153A- 155(c) and N.C. Gen. Stat. § 105 - 164.4(x)(3), as last amended. (ii) Partial Direct Remit: All Cabarrus Occupancy Taxes will be partially reported and remitted to the providers of the accommodations for further remittance to Cabarr and partially reported and remitted directly to Cabarrus. Specifically, the portion of the Cabarrus Occupancy Taxes not reported and remitted to the providers of the accorrunodations in accordance with N.C. Gen. Stat. § 153A- 155(c) and N.C. Gen. Stat. § 105- 164.4(a)(3), as last amended prior to the date of this Agreement, must be reported and remitted directly by the OTC to Cabarrus. (iii) Full Direct Remit: All Caban Occupancy Taxes not reported and remitted to the providers of the accommodations in accordance with N.C. Gen. Stat. § 153A- 155(c) and N.C. Gen. Stat. § 105- 164.4(a)(3), as last amended prior to the date of this Agreement, will be directly remitted by the OTC to Cabarrus. (iv) Each OTC will give advance notice to Cabarrus of its selected option(s) in each instance. (v) If registering for occupancy tax purposes or paying occupancy tax, each OTC will use its best efforts to do so by December 20, 2014. 5 N.C. Sess. Laws 2013 -414, § 9 applies to the reporting and remittance obligations for Cabarrus County Occupancy Taxes and governs all amounts required to be reported and remitted under this Agreement until and unless amended. 6. Cabarrus will not issue any assessments to any OTC for Cabarrus Occupancy Taxes for occupancy of acconunodations facilitated by any OTC commencing between 1 January <-.. 2011 and 31 October 2014 or for occupancy of accorrunodations facilitated by any OTC commencing thereafter pursuant to reservations made between 1 January 2011 and 31 October 2014. 7. The OTCs agree that Cabanas has the authority and jurisdiction to audit for purposes of Cabarrus Occupancy Taxes. Upon request, each OTC will provide to Cabanas data and documents, or reasonable access to records, for audit purposes. 8. The parties acknowledge that each side takes a different view of the facts and law related to the matters encompassed by this Agreement. The parties agree that this Agreement is 26398992_1 — Cabamss County Attachment number 1 G -3 Page 249