13 - TAX ABATEMENT AGREEMENT FOR POTTERS INDUSTRIES, LLC

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furnished by OWNER to CITY in OWNER'S sworn report described in Section 11. 1, below and attached to CITY'S Certificate of Completion. The description shall also be filed with the Chief Appraiser of the Lamar County Appraisal District. Said Certificate shall be duly executed by the Mayor of the City of Paris in the form attached hereto as Exhibit C. OWNER agrees that the IMPROVEMENTS described herein shall be completed as follows: Construction of the warehouse and installation of the silo, batch pit evacuation pump and sifting tower referred to in Paragraphs 2.1 and 3.1 herein shall be completed by December 31, 2016; and Addition and installation of additional manufacturing equipment and personal property referred to in Paragraphs 2.1 and 3.1 will be completed by December 31, 2017; provided, that OWNER shall have such additional time to complete the IMPROVEMENTS as may be required in the event of "force majeure" if OWNER is diligently and faithfully pursuing completion of the installation of the IMPROVEMENTS. For this purpose, "force majeure" shall mean any contingency or cause beyond the reasonable control of OWNER including, without limitation, acts of God, or the public enemy, any natural disaster, war, riot, civil commotion, insurrection, governmental or de facto governmental action, unless caused by acts or omissions of OWNER, fires, explosions, accidents, floods, and labor disputes or strikes. The date of completion of the IMPROVEMENTS shall be reflected in the Certificate of Completion issued by the CITY, referred to above. In the event that OWNER completes the installation of additional manufacturing equipment and personal property referred to hereinabove and anticipated to be completed by the end of 2017 are in fact completed by the end of 2016, said improvements will also be subject to abatement beginning on January 1, 2017. IV. Consideration (Improvements) 4.1 The OWNER agrees and covenants that it will diligently and faithfully, in a good and workmanlike manner, pursue the completion of the IMPROVEMENTS. As a good and valuable consideration for this AGREEMENT, OWNER further covenants and agrees that all construction of the IMPROVEMENTS will be in accordance with all applicable state and local laws, codes and regulations or OWNER will procure a valid waiver thereof. In further consideration, OWNER shall thereafter, from the date a Certificate of Completion is issued, or that the IMPROVEMENTS are completed as agreed, until the expiration of this AGREEMENT, continuously operate and maintain the PROPERTY, including the IMPROVEMENTS, in the conduct of its normal course of business. V. Consideration (Jobs) 5.1 OWNER represents that it employs full -time employees to work at the PROPERTY. OWNER currently employs forty -one (41) full -time employees, and OWNER