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<br />IV. <br />Consideration <br />Improvements <br /> <br />4.1 The OWNER agrees and covenants that it will diligently and faithfully, in a good and <br />workmanlike manner, pursue the completion of the IMPROVEMENTS. As a good and valuable <br />consideration of this AGREEMENT, OWNER further covenants and agrees that all construction of <br />the IMPROVEMENTS will be in accordance with all applicable state and local laws, codes and <br />regulations or will procure a valid waiver thereof. In further consideration, OWNER shall thereafter, <br />from the date a Certificate of Completion is issued, or that the IMPROVEMENTS are completed as <br />agreed, until the expiration of this AGREEMENT, continuously operate and maintain the <br />PROPERTY, including the specific units of new machinery and equipment as identified herein, as <br />a food production plant. <br /> <br />V. <br />Consideration <br />Jobs <br /> <br />5.1 The OWNER currently employs 347 persons in permanent full-time jobs in the City <br />of Paris, Texas; and it employs a total of 517 persons in permanent full-time jobs in Lamar County, <br />Texas. In addition, the OWNER currently employs another 84 permanent full-time employees at <br />OWNER'S existing plant site who live in the Enterprize Zone. <br /> <br />5.2 Not later than May 31, 2007, OWNER will create at least twenty-eight (28) new, <br />permanent, full-time jobs at its Paris, Texas, plant for work to be performed substantially either (a) <br />at the site of the IMPROVEMENTS, or (b) in support of operations performed by others at the site <br />of the IMPROVEMENTS. Such jobs shall be filled with priority being given to promote and/or <br />retain among equally qualified job applicants the hiring of employees first from within the Enterprise <br />Zone, second from within the corporate limits of the City of Paris, Texas, and third, from within <br />Lamar County, Texas, subject to the laws and regulations of the United States of America and the <br />State of Texas, and subject to any labor contracts currently in effect and any successive contracts or <br />past practices. The OWNER agrees that it will not fill the new, pennanent, full -time jobs with <br />employees from among its current employees at the existing site without immediately filling the <br />positions vacated by such employees. <br /> <br />5.3 OWNER agrees that during the term of this AGREEMENT it will not reduce <br />employment below the total of the number of permanent full-time jobs referred to above (i. e. 536 <br />such existing jobs and the 28 new jobs) in Lamar County, Texas. <br /> <br />TAX ABATEMENT AGREEMENT. Page 3 <br />