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INEC'.*0')$ Olefins &Polymers USA <br />July 1, 2014 <br />Mr. Richard Warren <br />President, Board of Directors <br />La Porte Development Corporation <br />604 W. Fairmont Parkway <br />LaPorte, TX 77571 <br />INEOS Olefins & Polymers USA <br />A Division of INEOS USA LLC <br />Marina View Building <br />2600 South Shore Boulevard <br />Suite 500 <br />League City, Texas 77573 <br />Tel: 281-535-6611 <br />Fax: 281-535-6765 <br />Tire Avery@ineos,com <br />Re: Economic Development Incentive Agreement Between The La Porte Development Corporation, and <br />INEOS USA LLC, A Delaware Limited Liability Company, for Use of Type B Development Corporation Sales <br />Tax Funds, dated September 23, 2013 ("Incentive Agreement") <br />Dear Mr. Warren: <br />INEOS USA LLC ("1NEOS") respectfully requests a two-year extension of certain deadlines relating to the <br />Ethylene Oxide Project under the Incentive Agreement to enable further development of commercial aspects of <br />the project which are taking longer than originally planned. Specifically, INEOS requests modification of the <br />following deadlines: <br />1. Extend the time by which INEOS must submit to The La Porte Development Corporation ("LPDC") the <br />letter of financial commitment for the Ethylene Oxide Project under Article 1. A.1 from August 1, 2014 <br />to August 1, 2016. <br />2. Extend the time by which INEOS must submit to LPDC documentation of 60 new full-time employees <br />and expenditure of a minimum $500,000,000 in capital investment for the Ethylene Oxide Project under <br />Article I. B.1 from December 31, 2017 to December 31, 2019. <br />3. Extend the latest expiration date of the Incentive Agreement under Article V from December 31, 2017 to <br />December 31, 2019. <br />By separate cover, INEOS has provided notice to your office of its financial commitment to and request for <br />cash incentives for the Polyethylene Project portion of the Incentive Agreement. <br />Your consideration and support to extend the deadlines for the Ethylene Oxide Project is very much <br />appreciated. We look forward to our continued collaboration as we progress our decision to invest further in La <br />Porte. <br />Yours sincerely, <br />INEOS USA LLC <br />Timothy A. Avery <br />CFO. INEOS Olefins and Polymers USA, <br />A division of INEOS USA LLC <br />