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M1111111 impi�iiirrjT <br />STATE OF TEXAS <br />COUNTY OF LAMAR) <br />CITY OF PARIS } <br />The City of Paris, Texas has executed and delivered a Tax Abatement Agreement <br />(the "Agreement") dated September 2018, with AMERICAN SPIRALWELD PIPE <br />COMPANY, LLC, for certain improvements and other equipment (the "Improvements") to <br />be installed at the Company's property located in Paris, Lamar County, Texas, as described <br />in exhibit A attached hereto, which property is located within an Enterprise Zone <br />established by the United States Census in 2010. <br />Based on information provided by Company and verified by the City, the City of <br />Paris herein verifies that the Improvements agreed to be built, installed and used in <br />accordance with said Agreement have in fact been completed as provided for in the <br />Agreement and that the Company has complied with all other terms of the Agreement. <br />NOW, THEREFORE, the City of Paris authorizes that the property described in <br />Exhibit A attached hereto shall receive a tax abatement during each year through the end <br />of the term the Tax Abatement Agreement of the taxes assessed upon the increased value of <br />the real and personal property of the Company located in Paris, Texas, over the value at <br />which the property was last appraised on January 1, 2018, which is the year in which the <br />Tax Abatement Agreement was executed, as recited in the Agreement. The tax abatement <br />will extend for a duration of seven years (7) years, with the tax abatement beginning <br />January 1, 2021, and ending December 31, 2026. Said tax abatement shall be equal to the <br />following: <br />Year 1 <br />100% <br />Year 2 <br />100% <br />Year 3 <br />70% <br />Year 4 <br />70% <br />Year 5 <br />50% <br />Year 6 <br />25% <br />Year 7 <br />25% <br />APPROVED day of <br />Mayor <br />