15 - PEDC Amendment & Termination of Campbell Soup's Single Serve Beverage Line Incentive Agreement

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THE STATE OF TEXAS COUNTY OF LAMAR This Addendum Cthe Addendum") to an Economic Incentive Agreement ("the Agreement") dated January 30, 2015 is entered into by and between the PARIS ECONOMIC DEVELOPMENT CORPORATION, a Non -Profit Texas Corporation ("PEDC"), acting by and through its Board of Directors, and CAMPBELL SOUP SUPPLY COMPANY LLC, a Delaware limited liability company ("Campbell Soup"). WITNESSETH: WHEREAS, heretofore, on January 3 0, 2014, the PEDC and Campbell Soup entered into the Economic Incentive Agreement attached hereto as Exhibit 1 and incorporated by reference !zs if fully set forth herein related to Campbell Soup's Single Serve Beverage Line; and WHEREAS, due to prevailing conditions in the industry, Campbell Soup has determined to replace the Single Serve Beverage Line at its facility in Paris, Texas with a new product line; and WHEREAS, as a result of this determination, Campbell Soup has requested certain modifications to the Agreement relating to the number of employees Campbell Soup is required to maintain on the Single Serve Beverage Line at the Property during the agreement; and WHEREAS, the PEDC has agreed to said modifications of the Agreement because said modifications are consistent with encouraging development of the Enterprise Zone in which Campbell Soup's Paris, Texas Facility is located in accordance with the purposes for which it was created and are in keeping vith the PEDC's purpose of promoting economic development and employment in the City of Paris and Lamar County, Texas, and comply with all applicable 21..j7.s_qndd otherwise serve a ublic immose in maintaining a maior employer in the City of Paris, A. All references to the creation of fifty (50) new full-time equivalent employees associated with the Single Serve Beverage Line (referred to in the Agreement as the "SS Juice line") are hereby amended to refer to forty-one (41) new full-time equivalent employees related to the Single Serve Beverage Line. I cii� 11 11111 11111111; 11 "1 1, 270A4 I