EXHIBIT 10.7
AMENDMENT OF AGREEMENT
This Amendment of Agreement ("Amendment") is effective as of the 1st day of
August, 1994, between MISSISSIPPI PHOSPHATES CORPORATION ("MPC") and ATLANTIC
FERTILIZER & CHEMICAL CORPORATION ("AFC").
WHEREAS, MPC and AFC are parties to that certain Agreement effective as of
October 1, 1991, whereby MPC appointed AFC as its exclusive distributor for DAP
produced at the Pascagoula Plant; and
WHEREAS, MPC and AFC desire to amend the Agreement as hereinafter set
forth;
NOW, THEREFORE, MPC and AFC hereby agree as follows:
Article XI, paragraph 11.1 of the Agreement is hereby amended by deleting
the first sentence thereof and by inserting in its place the following:
Subject to MPC's right of early termination, in accordance
with the provisions of paragraphs 2.3 and 7.3 above, and
paragraphs 11.2, 11.3, and 13.1 below, the primary term of
this Agreement shall commence on November 1, 1991, and shall
end on June 30, 2003.
IN WITNESS WHEREOF, MPC and AFC have caused this Amendment of Agreement to
be executed in duplicate originals as of the date first above written.
ATLANTIC FERTILIZER & CHEMICAL MISSISSIPPI PHOSPHATES CORPORATION
CORPORATION
By: /s/ Xxxxx Xxxxxxx By: /s/ Xxxxxxx X. Xxxx
President President
