1999-037-INCENTIVE AGREEMENT, PARIS WAREHOUSE 107, WE-PACK LOGISTICS

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THE STATE OF TEXAS ) ) COUNTY OF LAMAR ) INCENTIVE AGREEMENT This agreement is entered into by and between the CITY OF PARIS, PARIS, TEXAS, a municipal corporation, situated in Lamar County, Texas, acting by and through its Chairperson, Mary Ann Fisher, duly authorized, hereinafter called CITY, and WE-PACK LOGISTICS, L.P., a Texas limited partnership, acting by and through its authorized officer whose signature appears below, hereinafter referred to as PARTNERSHIP. For and in consideration of the transfer of ownership by CITY to H-W Commercial Warehouse, Inc., an affiliate of the PARTNERSHIP, of that portion of 13th Street S.W. that is located within the Southwest Industrial Park, PARTNERSHIP agrees as follows: I. Creation of New, Pennanent Jobs A. Area to be Improved The property to be the subject of this section of the Agreement shall be that property known as the Southwest Industrial Park, described by metes and bounds in Ordinance No. 98-018, and shall be hereinafter referred to as PROPERTY. H- W Commercial Warehouse, Inc. owns a portion of the PROPERTY in fee, and PARTNERSHIP owns a leasehold estate in a portion of the PROPERTY. B. Improvements The PARTNERSHIP shall make improvements to the PROPERTY as follows: Construction of a traffic control facility for the Southwest Industrial Park, including gates and any fencing which may be necessary to achieve traffic control. Such improvements will be made upon the PROPERTY herein described and will consist of a traffic control building and a parking lot along the route of access to the PROPERTY, all of which will be particularly described in CITY'S Certificate of Completion prepared after the completion and installation of the improvements herein described. Said Certificate shall be duly executed by the Mayor or Mayor Pro Tern of the City of Paris and attached hereto as Exhibit B. The improvements described in this paragraph shall be hereinafter referred to as IMPROVEMENTS. The IMPROVEMENTS will be at a cost in excess of $50,000.00, and shall be substantially completed on or about June 30, 1999; provided, that PARTNERSHIP shall have such additional time to complete the IMPROVEMENTS as may be required in the event of "force majeure" if PARTNERSHIP is diligently and faithfully pursuing completion of the IMPROVEMENTS. For this purpose, "force majeure" shall mean any contingency or cause beyond the reasonable control of PARTNERSHIP including, without limitation, acts of God, or the public enemy, EXHIBIT A