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I. <br />Term <br />1.1 The effective date of this AGREEMENT is the 25th day of February, 2013, with <br />tax abatement beginning with the tax year commencing January 1, 2014, and expiring on <br />December 31, 2020. <br />II. <br />Area to be Improved <br />2.1 The PROJECT consists of new building modifications to the real property of the <br />OWNER, and the addition and installation of equipment and personal property described in <br />Article III, below, all to be performed by OWNER within an existing building of the OWNER at <br />the OWNER'S plant in Paris, Lamar County, Texas. Collectively, all such improvements which <br />are the subject hereof shall be called the "IMPROVEMENTS". The IMPROVEMENTS shall be <br />located upon and within the OWNER'S current facilities consisting of the OWNER'S land also <br />described in Exhibit A, attached hereto and made a part hereof for all purposes (as are all <br />Exhibits which are mentioned herein), and within the building at the location shown within the <br />drawings attached hereto as Exhibit B. The land and building are herein called the <br />"PROPERTY". <br />III. <br />Improvements <br />3.1 The installation of the IMPROVEMENTS will require engineering, design and <br />construction work to prepare the site within OWNER'S building where the new equipment will <br />be located, and the procurement of equipment, infrastructure and utilities modifications and <br />electrical and mechanical installation. The IMPROVEMENTS are being made to enable the <br />OWNER to manufacture single-serve beverages in aluminum containers at the PROPERTY. <br />The single-serve beverages will consist of red juices, Fusion, potential for teas and potential for <br />carbonated products. The aluminum container sizes to be manufactured will be 5.5 ounce, 8.4 <br />ounce and 11.5 ounce. The IMPROVEMENTS are described as follows: <br />A. To the real property of OWNER, building modifications to support proper <br />operation and sanitation of the installed equipment. This includes utilities, floor, <br />wall, and ceiling finishes, as well as some structural improvements to the building <br />to support static, live and dynamic equipment loading. <br />B. Container Delivery, to consist of depalletizer for purchased aluminum containers <br />and dedicated container lines by diameter to filling operation. <br />C. Prep Operation, to consist of multiple ingredient handling systems and hold/pre- <br />blend tanks, and independent tomato paste standardization system. <br />D. Blending Operation, consisting of a single 1,000 gallon blend tank, supported by <br />pre-blend, hold and feed tanks. <br />2 <br />1�� <br />