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STATE OF NORTH CAROLINA <br />COUNTY OF CABARRUS <br /> <br />AGREEMENT(ADDENDUM) <br /> <br /> THIS ADDENDUM (the "Addendum") to that certain Agreement (the "Agreement") <br />dated December 10, 1998 between CABARRUS COUNTY ("County"), a political subdivision <br />of the State of North Carolina, the CITY OF KANNAPOLIS ("Kannapolis"), a municipal <br />corporation of the State of North Carolina, the CITY OF CONCORD ("Concord"), a municipal <br />corporation of the State of North Carolina, and FIELDCREST CANNON, INC. ("FCI"), a <br />Delaware corporation with a place of business in Karmapolis, North Carolina, is made and <br />entered into this __ day. of December, 2001 by the County, Karmapolis, Concord, and <br />PILLOWTEX, INC. ("Pillowtex"), a Delaware corporation with a place of business in <br />Karmapolis, North Carolina and the successor in interest to FCI. <br /> <br />WITNESSETH: <br /> <br /> WHEREAS, under section II of Exhibit C-1 of the Agreement, the County and <br />participating municipalities shall require Pillowtex to 'pay in full' annually total property taxes <br />due; and <br /> <br /> WHEREAS, Pillowtex was delinquent, i.e. owed outstanding property taxes to the <br />County and to Concord as of the date of filing the 1999 grant application as required under the <br />Agreement; and <br /> <br /> WHEREAS, the parties now wish to clarify the effect of the Agreement in the 1999 tax <br />year and subsequent tax years in lieu of the delinquency of payment by Pillowtex. <br /> <br /> NOW, THEREFORE, in consideration of the mutual promises and covenants set forth in <br />this Addendum and the Agreement, and for other good and valuable consideration, the receipt <br />and sufficiency of which are hereby acknowledged by the parties, Karmapolis, Concord, the <br />County and Pillowtex do hereby agree as follows: <br /> <br /> <br />