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ICIII)IVtwolaA.1113MS <br />AGREEMENT TO TERMINATEC CEN AGREEMENT DATED <br />JANUARY 30, 2014 BETWEEN THE PARIS ECONOMIC DEVELOPMENT <br />CORPORATION AND CAMPBELL SOUP SUPPLY COMPANY LLC <br />This Agreement to Terminate (the "TERMINATION AGREEMENT") an Economic <br />Incentive Agreement (the "AGREEMENT") dated January 30, 2014 is entered into by and <br />between the PARIS ECONOMIC DEVELOPMENT CORPORATION ("PEDC"), a Texas <br />non-profit corporation situated in Paris, Lamar County, Texas, acting by its authorized officer <br />whose signature appears below, and CAMPBELL SOUP SUPPLY COMPANY LLC <br />("Campbell Soup") acting by and through its authorized officer whose signature appears below. <br />WITNESSETH: <br />WHEREAS, heretofore, on January 30, 2014, the PEDC and Campbell Soup entered into <br />the Economic Incentive Agreement attached as hereto as Exhibit 1 of Exhibit A hereto and <br />incorporated by reference as if fully set forth herein, related to Campbell Soup's Single Serve <br />Beverage Line; and <br />WHEREAS, heretofore, on , 2017, the PEDC and Campbell Soup entered <br />into an Addendum to Economic Incentive Agreement (the "Addendum"), attached hereto as <br />Exhibit A and incorporated by reference as if fa11y set forth herein, modifying certain terms of <br />said Agreement; and <br />WHEREAS, the term of said Agreement, as modified by the Addendum, expires on <br />January 29, 2019; and <br />WHEREAS, due to prevailing conditions in the industry, Campbell Soup has determined <br />to replace the Single Serve Beverage Line at its property in Paris, Texas with a new product line; <br />and <br />as a result of this determination, Campbell Soup has asked to terminate the <br />Agreement; d <br />WHEREAS, at the time of this Termination Agreement, OWNER is in compliance with <br />the terms of the Agreement, as modified by the Addendum; and <br />WHEREAS, the CITY has agreed to said termination of the Agreement because the <br />replacement of the Single Serve Beverage Line with a new product line is in the best interest of <br />the City of Paris, Texas and the Enterprise Zone in which Campbell Soup's property is located <br />and that it will contribute to the sustainability and growth of said property; and <br />WHEREAS, termination of the Agreement is consistent with encouraging development <br />