13 - Terminating Tax Abatement dated 11-24-2008 with Campbell Soup related to the Multi-Serve Beverage Line

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equally qualified job applicants the hiring of employees first from within the Enterprise Zone, second from within the corporate limits of the City of Paris, Texas, and third, from within Lamar County, Texas, subject to the laws and regulations of the United States of America and the State of Texas, and subject to any labor contracts currently in effect and any successive contracts or past practices. The OWNER agrees that it will not fill the new, permanent, full -time jobs with employees from among its current employees at the existing site without immediately filling the positions vacated by such employees. 5.3 OWNER agrees that during the term of this AGREEMENT it will not reduce til total number of existing permanent full-time jobs at it's Paris, Texas plant (as referenced herei plus 57 additional permanent full-time jobs as called for in this AGREEMENT. i KFI. Default/Liquidated Damage,., 6.1 In the event that (a) the IMPROVEMENTS for which an abatement has been granted are not completed in accordance with this AGREEMENT or the expenditure for the IMPROVEMENTS does not meet the amount required herein; or (b) the jobs required to be created and retained by OWNER, as provided in Article V herein, are not maintained in OWNER allows its ad valorem taxes owed the CITY to become delinquent and fails to timely and properly follow the legal procedures for protest or contest of any such ad valorem taxes; or (d) OWNER materially breaches any of the other terms and conditions of this AGREEMENT, then OWNER shall be in default of this AGREEMENT. In the event the OWNER defaults in its performance of either (a), (b) (c) or (d) above, then the CITY shall give the OWNER written notice of such default and if the OWNER has not cured such default within sixty (60) days of said written notice, this AGREEMENT maybe moed or terminated by the CITY. Notice shall be in accordance with paragraph 6.2 As liquidated damages in the event of default, and in accordance with the requirements of Section 312.205 (a)(4) of the Property Tax Code of the State of Texas, all taxes which otherwise would have been paid by OWNER to the CITY without the benefit of abatement, together with interest to be charged at the statutory rate for delinquent taxes as determined by Section 33.01 of the Property Tax Code of the State of Texas, with all penalties permitted by the Property Redevelopment and Tax Abatement Act and the Property Tax Code of the State of Texas, shall be recaptured and will become a debt to the CITY and shall be due, owing, and paid to the CITY within sixty (6 0) days of the expiration of the above-mentioned applicable cure period as the sole remedy of the CITY, subject to any and all lawful offseis, settlements, deductions, or credits to which OWNER may be entitled. The parties acknowledge that actual damages in the event of default and termination would be speculative and difficult to determine. V11. Personal Property Tax Abatement 7.1 Subject to the terms and conditions of this AGREEMENT, and subject to the rights and holders of any outstanding bonds of the CITY, a portion of the ad valorem property TAX ABATEMENT AGREEMENT - Page 4