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I. <br />Term <br />1.1 The effective date of this AGREEMENT is the 22 °6 day of April, 2013, with tax <br />abatement beginning on January 1, 2014, and expiring on December 31, 2023. <br />II. <br />Area to be Improved <br />2.1 The PROJECT consists of new building modifications to the real property of the <br />OWNER, and the addition and installation of equipment and personal property described in <br />Article III, below, all to be performed by OWNER within an existing building of the OWNER at <br />the OWNER'S plant in Paris, Lamar County, Texas. Collectively, all such improvements which <br />are the subject hereof shall be called the "IMPROVEMENTS ". The IMPROVEMENTS shall be <br />located upon and within the OWNER'S current facilities consisting of the OWNER'S land <br />described in Exhibit B, attached hereto and made a part hereof for all purposes (as are all <br />Exhibits which are mentioned herein), and within the building at the location shown within the <br />drawings also attached hereto as a part of Exhibit B. The land and building are herein together <br />called the "PROPERTY ". <br />III. <br />Improvements <br />3.1 The installation of the IMPROVEMENTS will require engineering, design and <br />construction work to prepare the site within OWNER'S building where the new equipment will <br />be located, and the procurement of equipment, infrastructure and utilities modifications and <br />electrical and mechanical installation. The IMPROVEMENTS are being made to enable the <br />OWNER to manufacture bakery products such as various pastries, Danish and coffee cake <br />categories at the PROPERTY. The IMPROVEMENTS to be constructed and otherwise added <br />and implemented at OWNER'S PROPERTY are described as follows: <br />A. To the real property and existing building of OWNER on the PROPERTY, <br />building modifications to support proper operation, sanitation and installation of <br />the new equipment and production lines to manufacture OWNER'S baking <br />products. These modifications include updated utilities, floor, wall, and ceiling <br />changes and finishes, as well as some structural improvements to the building to <br />support static, live and dynamic equipment loading. <br />B. Within the existing building of OWNER, it is planned by OWNER to establish a <br />sweet dough production line, a croissant production line, a fruit filling production <br />line, a frozen dough production line, a pound cake production line, a snack cake <br />production line, a clam shell production line, a muffin production line, and <br />ongoing capital improvements to the various production lines, equipment and <br />facilities in the building. <br />2 <br />