11 - TAX ABATEMENT AGREEMENT WITH KIMBERLY-CLARK CORP

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X. Reporting Requirements 10.1 Annual Report on Improvements for the Years 2018-2022: For each of the years 2018 through 2022, Owner further agrees that it will by April 1 r provide City with a sworn report, written on Owner's company letterhead and signed by a designated representative of Owner, containing information on improvements applicable to the most recent concluded calendar year as follows: (a) Copy of the printout from the Lamar County Appraisal district showing the market value of the Property prior to the construction of the Improvement; (b) Detailed description of Improvements; (c) Copy of or identification of plans and specifications of constructed Improvements and the location of the same for inspection by City's certification team; (d) Actual cost of capital Improvements; and, (e) Date of substantial completion of the Improvement as set forth in paragraph 3.1 hereof. 10.2 Annual Report on Compliance for Each Year of the Abatement Period: In addition to the reports required in Paragraph 10.1 hereinabove, for the years 2018 through 2022, the Owner further agrees that it will provide the City by April 15th with an annual sworn report which shall certify, in writing, that it is in compliance with each applicable term of this Agreement. Such annual report shall be furnished in the form attached hereto as Exhibit G and incorporated herein by reference. Owner shall attach thereto copies of the employer reference summary page of its Texas Workforce Commission Employer's Quarterly Reports for the calendar year immediately preceding the date of the annual report required by this section, and the report shall contain a sworn statement signed by the Plant Manager or an Officer of the Company certifying that the information provided in the summary page is a true and valid report filed with the Texas Workforce Commission. 10.3 The reporting requirements and deadlines set forth herein are an integral and material part of this Agreement, and Owner acknowledges that failure to timely submit any report or sworn statement required herein is a breach and default of this Agreement as set forth hereinabove. Owner further agrees to timely submit said reports and/or sworn statements without prompting by the City. 10.4 Owner shall submit all compliance reports required to by this section via certified mail, return receipt requested, to: 7