2008-104-RES-Adopting and extending the policy statement criteria and guidelines for tax abatements for an additional two years, and approving and authorizing tax abatement agreement with campbell soup for a new juice line at the paris plant.

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W,THEREFORE, The Parties hereto do mutually contract and agree as follows: 1. Term tax 1.1 The effective date of this AGREEMENT is the 24t" day of November, 2008, with .tement beginning with the tax year commencing January 1, 2010, and expiring on )er 31, 2019. II. Area to be Improved 2.1 The IMPROVEMENTS to be the subject of this AGREEMENT consist of (1) imp vement to an existing building on real estate ("REAL ESTATE IMPROVEMENTS"), and (2) personal property, machinery and equipment ("PERSONAL PROPERTY IMP OVEMENTS"). Collectively, all such improvements which are the subject hereof shall be call the "IMPROVEMENTS". The IMPROVEMENTS shall be located upon and within the O ER' S current facilities consisting of land, buildings and other structural improvements situ ed at 500 Loop 286 NW, in the City of Paris, Lamar County, Texas, herein called the "PR PERTY", as further depicted in Exhibit A attached hereto and made a part hereof for all _ III. Improvements 3.1 The project contemplated in this AGREEMENT will include necessary REAL EST TE IMPROVEMENTS to an existing building within OWNER'S Paris, Texas plant to mod fy the building to accommodate the OWNER'S addition of a Juice Manufacturing Line of prod cts. The IMPROVEMENTS will require engineering and design work, procurement of equi ment, infrastructure and utilities modifications and electrical and mechanical installation with n the OWNER'S Paris plant. The PERSONAL PROPERTY IMPROVEMENTS include new achinery and equipment capable of producing 12, 16, 46 and 64 ounce PET bottles for V- 8, T mato, V-Fusion and Splash juice varieties. This required equipment includes Preparation Proc sses, Product Blending Process, Juice Filling Process, and Labeling and Case Packing Proc ss. All such equipment shall be particularly described in the Certificate of Completion prep ed by OWNER after the completion and installation of the building improvements, pers nal property, machinery and equipment described herein. The Certificate of Completion shall be filed with the City Manager for the City of Paris, Texas and the Chief Appraiser of the Lam County Appraisal District. Following review and confirmation of the information prov ded in the Certificate of Completion, said Certificate shall be duly executed by the Mayor of th City of Paris in the form attached hereto as Exhibit B. TAX ABATEMENT AGREEMENT - Page 2