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the PROPERTY appraised as of January 1, 2013, as adjusted by the result of any protest <br />proceeding brought by OWNER. Thereafter, in 2021 -2023 (years 8 -10), the ad valorem taxes <br />assessed against the IMPROVEMENTS described herein shall be abated at ninety percent <br />(90 %) of their assessed value over and above the value of the PROPERTY appraised as of <br />January 1, 2013, as adjusted by the result of any protest proceeding brought by OWNER. <br />This tax abatement shall be implemented and enforced in accordance with all applicable state <br />and local laws and regulations or valid waiver thereof, provided that the OWNER shall have <br />the right to protest or contest any assessment of the PROPERTY, and said abatement shall be <br />applied to the amount of taxes finally determined to be due as a result of any such protest or <br />contest. For the purposes of this AGREEMENT, the initial value of the existing property of <br />the OWNER that is not subject to tax abatement is the appraised value of the Land, Buildings <br />and tangible Personal Property, if any, as of January 1, 2013. The tax abatement which is <br />the subject of this AGREEMENT shall extend for a period of time beginning on January <br />1, 2014, and terminating on December 31, 2023 <br />7.2 The abatement granted herein shall be subject to and governed by the POLICY <br />STATEMENT CRITERIA AND GUIDELINES for TAX ABATEMENT, a copy of which is <br />attached hereto as Exhibit D. OWNER shall comply with the requirements of Exhibit D in <br />the performance of this AGREEMENT, save and except that, in the event of a conflict <br />between the requirements of Exhibit D and this AGREEMENT, this AGREEMENT shall <br />control. <br />D. Section 13.3 is hereby amended in its entirety to read as follows: <br />13.3 Any written notice required or permitted under the terms of this AGREEMENT <br />shall be given and be deemed to have been duly served if either (1) delivered in person, or (2) <br />deposited certified mail, return receipt requested, postage prepaid in the United States mail, <br />addressed to the designated representative of the respective parties which are designated as <br />follows: <br />OWNER: <br />JS BAKING, LLC <br />Attn: Shawn Bushouse, CFO <br />4651 F Street <br />Omaha, NE 68117 <br />CITY: <br />CITY OF PARIS, TEXAS <br />Attn: City Manager <br />P. O. Box 9037 <br />Paris, TX 75461 -9037 <br />With a copy to: <br />City Clerk, City of Paris, Texas <br />(address same as above) <br />E. All other terms in the original AGREEMENT dated April 22, 2013 remain unaltered <br />4 <br />