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STATE CSF' T"
<br />COUNTY OF LAMAR
<br />ECONOMIC INCENTIVE AGREENIEN'r
<br />KNOW AL,L MEN BY THE�SE PRESENTS' -
<br />THAT, the PARIS ECONOMIC DEVELOPMENT CORPORATION, a Non -Profit
<br />Texas Corporation, acting by and fluough its Board of Directors (hereinafter called "Paris
<br />EDC"j and CAMPBELL SOUP SIJPPI,Y COMPANY LLC, a Delaware limited liability
<br />company (hereinafter called "Campbell Soup"), do hemby contract and agree with each other
<br />within this Agreement (herein so called) as follows:
<br />WITNESSETH:
<br />WHEREAS, the Paris EDC a local Economic Development Corporadon organized under
<br />the Texas Development Corporation Act of 1979, codified as Chapters 301 and 504 qfthe Texas
<br />Local Government Code (hereiDafter, the "Acl"), exists for the purpo= of encouraging and
<br />assisting qualified service and manufacturing entities in the creation and retention of facilities
<br />and jobs in the Paris, Texas, area; and
<br />WHEREAS, Campbell Soup is a manufacturer and marketer of high quality food and
<br />beverage products, with one of its primary manufacturing plants located in Paris, Texas at 500
<br />Loop 296, Paris, Texas 75460 (the "'Property," "Plant," or "Facility"); and
<br />WHERE,AS, Campbell Soup manuf6etures a line of "Single Serve Juice" ("SS JLrice")
<br />products, some of which will be manufactured at the Campbell Soup Facility in Paris, Texas and
<br />in connection therewith, Campbell Soup has committed to make a new capital investment of
<br />approximately $25,000,000,00 in the Paris, Texas Plant ("Capital Investment"); and
<br />WHERF,A.S,, the Capital Investment will include: (1) construction of a new SS Juice
<br />produclion and packaging line at The Paris, Texas Plant, (2) acquisition and insWation of new
<br />machinery and equipment for the line; (3) creating 50 new jobs at the Paris Facility to operate
<br />and maintain the SS Juice line, and (4) job training for the ernpioyees hired to opcmte and
<br />maintain the SS Juice line; and
<br />WHEREAS, Campbell Soup crwtcd 50 new jobs for tiie SS Juice line, and commits to,
<br />re in a adninturn of 500 full-time equivalent employees at the Parisjexas Plant fluxyughout the
<br />term of this Economic Incentive Agreement; and
<br />WHEREAS, in consideration of the Capital Investment that Campbell SouT
<br />n � is maki g in
<br />the Paris, Texas Plant, the nem, jobs created 1br the S S Juice line and retention ofat )east 500jobs
<br />at the Paris Facility, Paris EDC has agreed to provide certain financial incentives to Campbell
<br />Soup as set fbyth in this Agreerriont; and
<br />WHEREAS, the Paris EDC Board, at a regularly scheduled meeting on IgLiva_o,
<br />2LQ,t1, approved an economic incentive offer of" FIVE HLJNDFXD THOUSAND DOLLARS
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