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THE STATE OF TEXAS <br />COUNTY OF LAMAR <br />AGREEMENT TO TERMINATE TAX ABATEMENT AGREEMENT DATED <br />NOVEMBER 24, 2008 BETWEEN THE CITY OF PARIS, TEXAS <br />AND CAMPBELL SOUP SUPPLY COMPANY LLC <br />This Agreement to Terminate (the "TERMINATION AGREEMENT") a Tax Abatement <br />Agreement (the "AGREEMENT") dated November 24, 2008, as modified by the ADDENDUM <br />(as defined below) is entered into by and between the CITY OF PARIS, TEXAS ("CITY"), a <br />Texas municipal corporation situated in Lamar County, Texas, acting by its authorized officer <br />whose signature appears below, and CAMPBELL SOUP SUPPLY COMPANY LLC <br />("OWNER") acting by and through its authorized officer whose signature appears below. <br />WITNESSETH: <br />WHEREAS, heretofore, on November 24, 2008, the CITY and OWNER entered into the <br />Tax Abatement Agreement (the "AGREEMENT"), attached as hereto as Exhibit 1 of Exhibit A <br />hereto and incorporated by reference as if fully set forth herein, related to OWNER's Multi - <br />Serve Beverage Line (also referred to as the "Fusion Line"); and <br />WHEREAS, heretofore, on July 22, 2019, CITY and OWNER entered into an <br />Addendum to Tax Abatement Agreement (the "ADDENDUM"), attached hereto as Exhibit A <br />and incorporated by reference as if fully set forth herein, modifying certain terms of said <br />AGREEMENT; and <br />WHEREAS, the term of said AGREEMENT, as modified by the ADDENDUM, expires <br />on December 31, 2019; and <br />WHEREAS, said AGREEMENT relates to PROPERTY owned by OWNER within the <br />City of Paris, which PROPERTY is located within an Enterprise Zone as set forth in the <br />AGREEMENT; <br />WHEREAS, the Texas Tax Code Sec. 312.208(b) provides that a tax abatement <br />agreement may be terminated by mutual consent of the parties in the same manner that the <br />agreement was approved and executed; and <br />WHEREAS, due to prevailing conditions in the industry, OWNEK has closed the Fusion <br />Line at OWNER's PROPERTY and has diverted resources associated with the Fusion Line to <br />sauce production within the Paris, Texas facility and has furthermore made an additional capital <br />investment in said sauce production of over $10,000,000.00; and <br />WHEREAS, as a result of this determination, OWNER has asked to terminate the <br />AGREEMENT; and <br />6Ah;64 <br />