RECITALSInnophos Holdings, Inc. • November 9th, 2012 • Wholesale-chemicals & allied products • Maritime
Derived from the concession granted to API to administrate the port premises in Laguna de Pajaritos, Veracruz, pursuant to the Second Addendum to the Concession Title, and under the provisions of the Law of National Waters, Article 3, subsection XLVII, the strip of ten meters of width adjacent to the bank of the currents was established as federal zone; Innophos currently has a strip of ***** meters of width, that corresponds to a total surface of ***** square meters of maritime-terrestrial federal zone; API is only empowered to substitute, under this agreement, the rights acquired by Innophos, only with respect to the ***** meters of the federal zone, equivalent to a surface of ***** square meters, and with respect to the other ***** square meters, these will be regulated subsequently pursuant to a formal consultation to the pertinent authorities so that they may determine the use and exploitation of the remaining surface, this is, the other ***** square meters not included in this in
