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

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This Addendum ("the ADDENDUM") to a tax abatement agreement AGREEMENT") dated November 24, 2008 is entered into by and between the CITY PARIS, PARTS, TEXAS, a municipal corporation, situated in Lamar County, Texas, acting and through its authorized officer whose signature appears below (hereinafter called I g by and through its authori WITNESSETH: WHEREAS, heretofore, on November 24, 2008, the CITY and OWNE.K entered into the Tax Abatement Agreement (the "AGREEMENT") attached hereto as Exhibit I and incorporated by reference as if fully set forth herein related to OWNER's Multi -Serve Serve Beverage Line (hereinafter referred to as the "Fusion Line"); and WHEREAS, said AGREEMENT relates to PROPERTY owned by OWNER within tlr* City of Paris, which PROPERTY is located within an Enterprise Zone as set forth in AGREEMENT; I WHEREAS, the Texas Tax Code Sec. 312.208 and tax abatement guidelines in effect i 2013 and on the date of the execution of this ADDENDUM (a :or of which tax abaternei guidelines effective January 22, 2018 are attached hereto as Exhibit 2 and incorporated herei by reference) allow for modifications of a tax abatement agreement during the term of sai agreement; and WHEREAS, due to careful budgeting and better than expected efficiencies in the Fusic Line, OWNER was able to install said line with a lower capital investment than anticipated 1: the AGREEMENT and to operate said line with fewer than the number of employees anticipate by the AGREEMENT; and WHEREAS, due to prevailing conditions in the industry, OWNER has closed the Fusic Line, repurposed much of the equipment on said Fusion Line and diverted resources associate with the Fusion Line for production on OWNER's sauce line, and invested over $ 10,000,000 1 said sauce production; and WHEREAS, given all of the above, OWNER has requested certain modifications to 6. AGREEMENT relating to the minimum capital investment for installing the Fusion Line an number of employees OWNER is required to maintain with respect to the Fusion Line at sai PROPERTY during the AGREEMENT; and