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building, all of which will be particularly described in CITY'S Certificate of Completion prepared after the completion and installation of the improvements and machinery herein described which shall be furnished to and filed with the Chief Appraiser of the Lamar County Appraisal District. Said Certificate shall be duly executed by the Mayor of the City of Paris and attached hereto as Exhibit C. The improvements described in this paragaph shall be hereinafter referred to as IMPROVEMENTS. The IMPROVEMENTS will be at a cost equal to or in excess of $820,400.00, and shall be substantially completed on or about October 1, 2001; provided, that OWNER shall have such additional time to complete the IMPROVEMENTS as may be required in the event of "force majeure" if OWNER is diligently and faithfully pursuing completion of the IMPROVEMENTS. For this purpose, "force majeure" shall mean any contingency or cause beyond the reasonable control of OWNER including, without limitation, acts of God, or the public enemy, any natural disaster, war, riot, civil commotion, insunection, governmental or de facto governmental action, unless caused by acts or omissions of OWNER, fires, explosions, accidents, floods, and labor disputes or strikes. The date of completion of the IMPROVEMENTS shall be defined as the date a Certificate of Occupancy is issued by the City of Paris." EXECUTED on this the 11 th day of June, 2001. CITY OF PARIS, PARIS, TEXAS ~ By: Michael J. Pfie er, Mayor ATTEST: . Mattie Cunningharn, City Clerk APPROV AS TO FORM: Larry W chenk, City Attorney Page 2 of 3