# EDGAR Filing Document

**Accession Number:** 0001347557
**File Stem:** 0000947871-26-000502
**Filing Date:** 2026-5
**Character Count:** 323381
**Document Hash:** 83a12dded7081d2c77e25177892e27c1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000947871-26-000502.hdr.sgml**: 20260507

**ACCESSION NUMBER**: 0000947871-26-000502

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20260507

**DATE AS OF CHANGE**: 20260507

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pacific Airport Group
- **CENTRAL INDEX KEY:** 0001347557
- **STANDARD INDUSTRIAL CLASSIFICATION:** AIRPORTS, FLYING FIELDS & AIRPORT TERMINAL SERVICES [4581]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** O5
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-81664
- **FILM NUMBER:** 26955703

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** AVENIDA MARIANO OTERO NO. 1249, PISO 6
- **STREET 2:** COL. RINCONADA DEL BOSQUE
- **CITY:** GUADALAJARA, JALISCO
- **PROVINCE COUNTRY:** O5
- **BUSINESS PHONE:** (52)(33) 3880-1100

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** AVENIDA MARIANO OTERO NO. 1249, PISO 6
- **STREET 2:** COL. RINCONADA DEL BOSQUE
- **CITY:** GUADALAJARA, JALISCO
- **PROVINCE COUNTRY:** O5
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Aena Desarrollo Internacional S.M.E., S.A., Sociedad Unipersonal
- **CENTRAL INDEX KEY:** 0002133932

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** U3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** CALLE PEONIAS, 12
- **CITY:** MADRID
- **PROVINCE COUNTRY:** U3
- **ZIP:** 28042
- **BUSINESS PHONE:** 34 913212950

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** CALLE PEONIAS, 12
- **CITY:** MADRID
- **PROVINCE COUNTRY:** U3
- **ZIP:** 28042

## Exhibit 99.1

***EXHIBIT 99.1***

**JOINT FILING AGREEMENT**

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, each of the undersigned hereby agrees to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13D referred to below) on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to Series B shares, without par value, and Series BB shares without par value, of Pacific Airport Group (*Grupo Aeroportuario del Pacífico, S.A.B. de C.V.*), a corporation (*sociedad anónima bursátil de capital variable*) organized under the laws of Mexico.

It is understood and agreed that each of the parties hereto is responsible for the timely filing of such statement on Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein, but such party is not responsible for the completeness and accuracy of information concerning the other parties making the filing unless such party knows or has reason to believe that such information is inaccurate. It is understood and agreed that a copy of this agreement shall be attached as an exhibit to the statement on Schedule 13D, and any amendments thereto, filed on behalf of the parties hereto.

This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which taken together shall constitute one and the same instrument.

[*The Remainder of this Page is Intentionally Left Blank*]

IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the 7th day of May, 2026.

---

| | |
|:---|:---|
| ENAIRE E.P.E. | ENAIRE E.P.E. |
| By: | /s/ Enrique Maurer Somolinos |
|  | Name: Enrique Maurer Somolinos |
|  | Title: Authorized Signatory |

---

---

| | |
|:---|:---|
| AENA S.M.E, S.A. | AENA S.M.E, S.A. |
| By: | /s/ Javier Marín San Andrés |
|  | Name: Javier Marín San Andrés |
|  | Title: Authorized Signatory |

---

---

| | |
|:---|:---|
| AENA DESARROLLO INTERNACIONAL S.M.E., S.A. | AENA DESARROLLO INTERNACIONAL S.M.E., S.A. |
| By: | /s/ Emilio Rotondo Inclán |
|  | Name: Emilio Rotondo Inclán |
|  | Title: Authorized Signatory |

---

[Signature Page to Joint Filing Agreement]

## Exhibit 99.2

***EXHIBIT 99.2***

**<u>SCHEDULE I</u>**

**EXECUTIVE OFFICERS AND DIRECTORS OF ADI**

The name, citizenship, business address, and present principal occupation or employment of each of the executive officers and directors of Aena Desarrollo Internacional S.M.E., S.A., Sociedad Unipersonal ("ADI"), are set forth below.

**<u>Executive Officers of Aena Desarrollo Internacional S.M.E., S.A., Sociedad Unipersonal</u>**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Name** | &nbsp;&nbsp; **Present Principal Occupation** | &nbsp;&nbsp; **Business Address** | &nbsp;&nbsp; **Citizenship** |
| &nbsp;&nbsp;Emilio José Rotondo Inclán | &nbsp;&nbsp;Chief Executive Officer at ADI | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;María de los Reyes Escrig Teigeiro | &nbsp;&nbsp;General Counsel at ADI | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Roberto Ángel Ramírez García | &nbsp;&nbsp;Chief Financial Officer at ADI | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |

---

**<u>Directors of Aena Desarrollo Internacional S.M.E., S.A., Sociedad Unipersonal</u>**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Name** | &nbsp;&nbsp; **Present Principal Occupation** | &nbsp;&nbsp; **Business Address** | &nbsp;&nbsp; **Citizenship** |
| &nbsp;&nbsp;Maurici Lucena Betriu | &nbsp;&nbsp;Chairman and Chief Executive Officer and Member of the Board of Directors of AENA | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Francisco Javier Martín Ramiro | &nbsp;&nbsp;Managing Director of Housing and Land at the Ministry of Housing and Urban Agenda | &nbsp;&nbsp;Paseo de la Castellana,<br> 67, 28046<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Ignacio Biosca Vancells | &nbsp;&nbsp;Head Officer of Aeronautical Data and Market at AENA | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Ignacio Castejón Hernández | &nbsp;&nbsp;Chief Financial Officer at AENA | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Javier Marín San Andrés | &nbsp;&nbsp;Executive Deputy Chair and Member of the Board of Directors of AENA | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Laura Bricio Garberí | &nbsp;&nbsp;Advisor to the Cabinet of the Secretary of State at the Ministry of Transport and Sustainable Mobility | &nbsp;&nbsp;Paseo de la Castellana,<br> 67, 28046<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;María Elena Mayoral Corcuera | &nbsp;&nbsp;Director General of Airports at AENA | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;María Gómez Rodríguez | &nbsp;&nbsp;Director of Communications at AENA | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;María José Cuenda Chamorro | &nbsp;&nbsp;Director General of Commercial and Real Estate at AENA | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |

---

**EXECUTIVE OFFICERS AND DIRECTORS OF AENA** 

The name, citizenship, business address, and present principal occupation or employment of each of the executive officers and directors of Aena S.M.E, S.A. ("AENA"), are set forth below.

**<u>Executive Officers of Aena S.M.E, S.A.</u>**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Name** | &nbsp;&nbsp; **Present Principal Occupation** | &nbsp;&nbsp; **Business Address** | &nbsp;&nbsp; **Citizenship** |
| &nbsp;&nbsp;Maurici Lucena Betriu | &nbsp;&nbsp;Chairman and Chief Executive Officer and Member of the Board of Directors of AENA | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Javier Marín San Andrés | &nbsp;&nbsp;Executive Deputy Chair and Member of the Board of Directors of AENA | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Amparo Brea Álvarez | &nbsp;&nbsp;Head Officer of Innovation, Sustainability and Customer Experience | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Ángel Luis Sanz Sanz | &nbsp;&nbsp;Head of the Chairman's Office, Strategy and Public Policy at AENA | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Antonio Jesús García Rojas | &nbsp;&nbsp;Head Officer of Internal Audit at AENA | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Begoña Gosályez Mayordomo | &nbsp;&nbsp;Head Officer of People and Organization at AENA | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Elena Roldán Centeno | &nbsp;&nbsp;General Counsel and Board Secretary at AENA | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Ignacio Castejón Hernández | &nbsp;&nbsp;Chief Financial Officer at AENA | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;María Elena Mayoral Corcuera | &nbsp;&nbsp;Director General of Airports at AENA | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;María Gómez Rodríguez | &nbsp;&nbsp;Director of Communications at AENA | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;María José Cuenda Chamorro | &nbsp;&nbsp;Director General of Commercial and Real Estate at AENA | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |

---

**<u>Directors of Aena S.M.E, S.A.</u>**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Name** | &nbsp;&nbsp; **Present Principal Occupation** | &nbsp;&nbsp; **Business Address** | &nbsp;&nbsp; **Citizenship** |
| &nbsp;&nbsp;Maurici Lucena Betriu | &nbsp;&nbsp;Chairman and Chief Executive Officer and Member of the Board of Directors of AENA | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | Kingdom of Spain |
| &nbsp;&nbsp;Ainhoa Morondo Quintano | &nbsp;&nbsp;Chief of Staff to the Secretary of State at the Ministry of Transport and Sustainable Mobility | &nbsp;&nbsp;Paseo de la Castellana,<br> 67, 28046<br> Madrid, Spain | Kingdom of Spain |
| &nbsp;&nbsp;Alicia de Haro Acosta | &nbsp;&nbsp;Deputy Chief of Staff at the Ministry of Industry and Tourism | &nbsp;&nbsp;Paseo de la Castellana,<br> 160, 28046<br> Madrid, Spain | Kingdom of Spain |
| &nbsp;&nbsp;Amancio López Seijas | &nbsp;&nbsp;Chairman and Chief Executive Officer at Grupo Hotusa | &nbsp;&nbsp;C. Alcalá, 226, <br> Cdad. Lineal, 28027 Madrid, Spain | Kingdom of Spain |
| &nbsp;&nbsp;Beatriz Alcocer Pinilla | &nbsp;&nbsp;Senior Advisor to the Minister's Office at the Ministry of Transport and Sustainable Mobility | &nbsp;&nbsp;Paseo de la Castellana,<br> 67, 28046<br> Madrid, Spain | Kingdom of Spain |
| &nbsp;&nbsp;Jaime Terceiro Lomba | &nbsp;&nbsp;Member of the Board of Directors of AENA | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | Kingdom of Spain |
| &nbsp;&nbsp;Javier Marín San Andrés | &nbsp;&nbsp;Executive Deputy Chair and Member of the Board of Directors of AENA and Managing Director at ADI | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | Kingdom of Spain |
| &nbsp;&nbsp;Juan José Rio Cortés | &nbsp;&nbsp;Operating Partner at Brightstar Capital Partners | &nbsp;&nbsp;51 W 52nd St, 18th Flr; <br> New York, NY 10019 | Kingdom of Spain |
| &nbsp;&nbsp;Leticia Iglesias Herraiz | &nbsp;&nbsp;Member of the Board of Directors of AENA, Acerinox, S.A., Abanca Corporación Bancaria, S.A., and Abanca Gestión de Activos S.G.I.I.C., S.A. | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | Kingdom of Spain |
| &nbsp;&nbsp;Manuel Delacampagne Crespo | &nbsp;&nbsp;Deputy Managing Director of Sector Analysis at the Ministry of Economy, Commerce and Enterprise | &nbsp;&nbsp;Paseo de la Castellana,<br> 162, 28046<br> Madrid, Spain | Kingdom of Spain<br> Republic of France |
| &nbsp;&nbsp;María Carmen Corral Escribano | &nbsp;&nbsp;Deputy Managing Director of Planning, Trans-European Network and Logistics at the Ministry of Transport and Sustainable Mobility | &nbsp;&nbsp;Paseo de la Castellana,<br> 67, 28046<br> Madrid, Spain | Kingdom of Spain |
| &nbsp;&nbsp;María del Coriseo González-Izquierdo-Revilla | &nbsp;&nbsp;Independent Member of the Board of Directors of AENA and Atalaya Mining Copper S.A. | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | Kingdom of Spain |
| &nbsp;&nbsp;Ramón Tremosa Balcells | &nbsp;&nbsp;Professor at the University of Barcelona | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | Kingdom of Spain |
| &nbsp;&nbsp;Roberto Angulo Revilla | &nbsp;&nbsp;Advisor to the Secretary of State's Office at the Ministry of Transport and Sustainable Mobility | &nbsp;&nbsp;Paseo de la Castellana,<br> 67, 28046<br> Madrid, Spain | Kingdom of Spain |
| &nbsp;&nbsp;Tomas Varela Muiña | &nbsp;&nbsp;Member of the Board of Directors of AENA, Julius Baer, and Finalbion | &nbsp;&nbsp;Calle Peonías, <br> 12, 28042 <br> Madrid, Spain | Kingdom of Spain |

---

**EXECUTIVE OFFICERS AND DIRECTORS OF ENAIRE E.P.E.**

The name, citizenship, business address, and present principal occupation or employment of each of the executive officers and directors of Enaire E.P.E. ("Enaire") are set forth below.

**<u>Executive Officers of Enaire E.P.E.</u>**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Name** | &nbsp;&nbsp; **Present Principal Occupation** | &nbsp;&nbsp; **Business Address** | &nbsp;&nbsp; **Citizenship** |
| &nbsp;&nbsp;Elena Sáenz Guillén | &nbsp;&nbsp;General Counsel at Enaire | &nbsp;&nbsp;Kudos Innovation Campus Las Mercedes, Edificio 2, Calle Campezo 1, 28022<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Enrique Maurer Somolinos | &nbsp;&nbsp;Managing Director at Enaire | &nbsp;&nbsp;Kudos Innovation Campus Las Mercedes, Edificio 2, Calle Campezo 1, 28022<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Jesús Romero Hernández | &nbsp;&nbsp;Head of Safety Division at Enaire | &nbsp;&nbsp;Kudos Innovation Campus Las Mercedes, Edificio 2, Calle Campezo 1, 28022<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;José Luis Meler Jordán | &nbsp;&nbsp;Head Officer of Air Navigation Services at Enaire | &nbsp;&nbsp;Kudos Innovation Campus Las Mercedes, Edificio 2, Calle Campezo 1, 28022<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Juan Á. Treceño García | &nbsp;&nbsp;Head Officer of Civil Military Coordination at Enaire | &nbsp;&nbsp;Kudos Innovation Campus Las Mercedes, Edificio 2, Calle Campezo 1, 28022<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Juan Carlos Villaizán Pérez | &nbsp;&nbsp;Head of Internal Audit Division at Enaire | &nbsp;&nbsp;Kudos Innovation Campus Las Mercedes, Edificio 2, Calle Campezo 1, 28022<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;María Aránzazu Hernández Rodríguez | &nbsp;&nbsp;Chief People Officer at Enaire | &nbsp;&nbsp;Kudos Innovation Campus Las Mercedes, Edificio 2, Calle Campezo 1, 28022<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;María Estíbaliz Salazar Fernández | &nbsp;&nbsp;Head of Sustainability and Institutional Relations Division at Enaire | &nbsp;&nbsp;Kudos Innovation Campus Las Mercedes, Edificio 2, Calle Campezo 1, 28022<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;María Luz de Mateo García | &nbsp;&nbsp;Head Officer of Strategy and Innovation at Enaire | &nbsp;&nbsp;Kudos Innovation Campus Las Mercedes, Edificio 2, Calle Campezo 1, 28022<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Mariano Gasparet Romero | &nbsp;&nbsp;Head Officer of Communications at Enaire | &nbsp;&nbsp;Kudos Innovation Campus Las Mercedes, Edificio 2, Calle Campezo 1, 28022<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Mónica Mansilla Rodríguez | &nbsp;&nbsp;Chief Financial Officer at Enaire | &nbsp;&nbsp;Kudos Innovation Campus Las Mercedes, Edificio 2, Calle Campezo 1, 28022<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |

---

**<u>Directors of Enaire E.P.E.</u>**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Name** | &nbsp;&nbsp; **Present Principal Occupation** | &nbsp;&nbsp; **Business Address** | &nbsp;&nbsp; **Citizenship** |
| &nbsp;&nbsp;Ángel Soret Lafraya | &nbsp;&nbsp;Deputy Managing Director for Road and Rail Transport Inspection at the Ministry of Transport and Sustainable Mobility | &nbsp;&nbsp;Paseo de la Castellana,<br> 67, 28046<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Aurelio Lozano Serra | &nbsp;&nbsp;Senior Advisor in the Office of the Secretary of State for Budgets and Expenditure at the Ministry of Finance | &nbsp;&nbsp;Av. de Alberto Alcocer,<br> 2, Chamartín, 28046<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Cristina María Tello Blasco | &nbsp;&nbsp;Deputy Managing Director for Economic Monitoring at the Ministry of Transport and Sustainable Mobility | &nbsp;&nbsp;Paseo de la Castellana,<br> 67, 28046<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;David Benito | &nbsp;&nbsp;Managing Director of Civil Aviation at the Ministry of Transport and Sustainable Mobility | &nbsp;&nbsp;Paseo de la Castellana,<br> 67, 28046<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Estrella Gutiérrez Marco | &nbsp;&nbsp;Head of the Regional Offices Coordination Department at the Spanish Meteorological Agency | &nbsp;&nbsp;C. de Leonardo Prieto Castro, 8, 28040<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;José Antonio Santano Clavero | &nbsp;&nbsp;Secretary of State for Transport and Sustainable Mobility | &nbsp;&nbsp;Paseo de la Castellana, <br> 67, 28046 <br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;José Ignacio Caro Eisman | &nbsp;&nbsp;Head Officer of the Government Liability Claims Division at the Ministry of Transport and Sustainable Mobility | &nbsp;&nbsp;Paseo de la Castellana,<br> 67, 28046<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Juan Antonio López Aragón | &nbsp;&nbsp;Senior Adviser in the Minister's Office at the Ministry of Transport and Sustainable Mobility | &nbsp;&nbsp;Paseo de la Castellana,<br> 67, 28046<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Luis Cebrián Carbonell | &nbsp;&nbsp;Managing Director of Infrastructure at the Ministry of Defense | &nbsp;&nbsp;Paseo de la Castellana,<br> 109, 28046<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;María Sobrino Ruiz | &nbsp;&nbsp;Deputy Managing Director for Social Policies and Human Capital at the Ministry of Economy, Trade and Business | &nbsp;&nbsp;Paseo de la Castellana,<br> 162, 28046<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Mario Díaz Millán | &nbsp;&nbsp;Deputy Managing Director for Legislation at the Ministry of Transport and Sustainable Mobility | &nbsp;&nbsp;Paseo de la Castellana,<br> 67, 28046<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |
| &nbsp;&nbsp;Pilar Suárez Morales | &nbsp;&nbsp;Deputy Managing Director for Human Resources at the Ministry of Transport and Sustainable Mobility | &nbsp;&nbsp;Paseo de la Castellana,<br> 67, 28046<br> Madrid, Spain | &nbsp;&nbsp;Kingdom of Spain |

---

## Exhibit 99.3

*EXHIBIT 99.3*

**Merger Agreement**

Entered into by

Grupo Aeroportuario del Pacífico, S.A.B. de C.V.

**as Merging Company**

and

Aeropuertos Mexicanos del Pacífico, S.A.P.I. de C.V.,

Controladora Mexicana de Aeropuertos, S.A. de C.V.,

Promotora Aeronáutica del Pacífico, S.A. de C.V.,

Pal Aeropuertos, S. de R.L. de C.V., and

Proyectos de Infraestructura Charter, S. de R.L de C.V.

**as Merged Entities**

with the Appearance of

Otay TJ Holdings, L.L.C.<br> Aena Desarrollo Internacional S.M.E., S.A., Sociedad Unipersonal,<br> and Shareholders of PAP

and Pal

Dated 30 of April 2026

*EXHIBIT 99.3*

 

 

**MERGER AGREEMENT** (the "Agreement") entered into by: **(i) Grupo Aeroportuario del Pacífico, S.A.B. de C.V.**, as the surviving merging company (hereinafter, "<u>GAP</u>" the "<u>Merging Company</u>"); and each of (**ii) Aeropuertos Mexicanos del Pacífico, S.A.P.I. de C.V. (**hereinafter, "<u>AMP</u>"), **Controladora Mexicana de Aeropuertos, S.A. de C.V. (**hereinafter, "<u>CMA</u>"), **Promotora Aeronáutica del Pacífico, S.A. de C.V.** (hereinafter, "<u>PAP</u>"), **PAL Aeropuertos, S. de R.L. de C.V.** (hereinafter, "<u>PAL</u>"), and **Proyectos de Infraestructura Charter, S. de R.L. de C.V.** (hereinafter, "<u>CHARTER</u>" and, each of the companies mentioned in this subsection (ii), a "<u>Merged Company</u>" and, jointly, the "<u>Merged Companies</u>"), as companies to be merged and dissolved;

*with the appearance of* 

**Otay-TJ Holdings, L.L.C** ("<u>OTAY</u>"), **Aena Desarrollo Internacional S.M.E., S.A., Sociedad Unipersonal** (hereinafter, "<u>AENA</u>"); the "<u>PAP Shareholders</u>" or the "<u>CHARTER Shareholders</u>, as the context requires, hereinafter, and the "<u>PAL Shareholders</u>", in both cases identified in **Appendix 4**; solely for purposes and to assume the rights and the obligations identified in each case, in accordance with the following recitals, representations, and sections.

**<u>RECITALS</u>**

&nbsp;&nbsp;&nbsp;&nbsp;**I.** On
 9 of December of 2025, unanimous resolutions were approved by the shareholders of AMP, in
 which the shareholders of said company approved the merger that is the subject of this Agreement,
 as well as the execution of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;**II.** On
 9 of December of 2025, unanimous resolutions were approved by CMA shareholders, in which
 the shareholders of said company approved the merger that is the subject of this Agreement,
 as well as the execution of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;**III.** On
 9 of December of 2025, unanimous resolutions were approved by PAP shareholders, in which
 the shareholders of said company approved the merger that is the subject of this Agreement,
 as well as the execution of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;**IV.** On
 9 of December of 2025, unanimous resolutions were approved by PAL members, in which the members
 of said company approved the merger that is the subject of this Agreement, as well as the
 execution of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;**V.** On
 9 of December of 2025, unanimous resolutions were approved by CHARTER members, in which the
 members of said company approved the merger that is the subject of this Agreement, as well
 as the execution of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;**VI.** On
 14 of November of 2025, the shareholders of the Merging Company received a corporate restructuring
 information declaration containing a description of the substantial terms of the merger agreed
 upon pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;**VII.** On
 11 of December of 2025, the extraordinary general shareholders meeting of the Merging Company
 authorized the merger that is the subject of this Agreement, as well as the execution of
 this Agreement.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 2<br>

**<u>REPRESENTATIONS</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**I.** **The Merging Company, through its representative, declares that:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a)** It
 is a publicly traded corporation with variable capital incorporated in accordance with the
 laws of the United Mexican States (" <u>Mexico</u> ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b)** Its
 representative has all the necessary powers to appear at the execution of this Agreement,
 which powers have not been revoked or limited in any way.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c)** Its
 shareholders approved the merger agreement with the Merged Companies, in the terms provided
 in this Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**d)** It
 is a tax resident in Mexico.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**e)** Its
 Federal Taxpayer Registration Number is GAP9806013Y2.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**II.** **AMP declares, through its representatives, that:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a)** It
 is a variable capital investment company incorporated under the laws of Mexico.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b)** Its
 representatives have all the necessary powers to enter into this Agreement, which have not
 been revoked or limited in any way.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c)** Its
 shareholders approved the merger agreement with the Merging Company, under the terms and
 conditions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**d)** It
 is a tax resident in Mexico.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**e)** Its
 Federal Taxpayer Registration Number is AMP990818MZ6.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**III.** **CMA declares, through its representative, that:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a)** It
 is a variable capital corporation incorporated under the laws of Mexico.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b)** Its
 representative has all the necessary powers to appear at the execution of this Agreement,
 which powers have not been revoked or limited in any way.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c)** Its
 shareholders approved the merger agreement with the Merging Company, under the terms and
 conditions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**d)** It
 is a tax resident in Mexico.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**e)** Its
 Federal Taxpayer Registration Number is CMA0510249HA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**IV.** **PAP declares, through its representative, that:** 

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 3<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a)** It
 is a variable capital corporation incorporated under the laws of Mexico.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b)** Its
 representative has all the necessary powers to appear at the execution of this Agreement,
 which powers have not been revoked or limited in any way.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c)** Its
 shareholders approved the merger agreement with the Merging Company, under the terms and
 conditions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**d)** It
 is a tax resident in Mexico.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**e)** Its
 Federal Taxpayer Registration Number is PAP051024G97.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**V.** **PAL declares, through its representative, that:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a)** It
 is a limited liability company with variable capital incorporated under the laws of Mexico.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b)** Its
 representative has all the necessary powers to appear at the execution of this Agreement,
 which powers have not been revoked or limited in any way.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c)** Its
 partners approved the merger agreement with the Merging Company, under the terms and conditions
 of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**d)** It
 is a tax resident in Mexico.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**e)** Its
 Federal Taxpayer Registration Number is PAE051024NG4.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**VI.** **CHARTER declares, through its representative, that:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a)** It
 is a limited liability company with variable capital incorporated in accordance with the
 laws of Mexico.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b)** Its
 representative has all the necessary powers to appear at the execution of this Agreement,
 which powers have not been revoked or limited in any way.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c)** Its
 partners approved the merger agreement with the Merging Company, under the terms and conditions
 of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**d)** It
 is a tax resident in Mexico.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**e)** Its
 Federal Taxpayer Registration Number is PIC2508278H7.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**VII.** **OTAY declares, through its representative, that:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a)** It
 is a company incorporated under the laws of Delaware, United States of America.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 4<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b)** Its
 representative has all the necessary powers to appear at the execution of this Agreement,
 which powers have not been revoked or limited in any way.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c)** It
 is a tax resident in the United States of America.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**VIII.** **Aena declares, through its representative, that:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a)** It
 is a company incorporated under the laws of the Kingdom of Spain (" <u>Spain</u> ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b)** Its
 representative has all the necessary powers to appear at the signing of this Agreement, which
 powers have not been revoked or limited in any way.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c)** It
 is a tax resident in Spain.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**IX.** **The PAP Shareholders declare, in their own right and on their own behalf, that:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a)** They
 are individuals of Mexican nationality and of legal age.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b)** They
 have full capacity to enter into this Agreement, which is not limited in any way.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c)** They
 are tax residents in Mexico.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**X.** **The PAL Shareholders, as individuals, declare, either as in their own right or through representative of the Invex Trust, as applicable, and with respect to themselves, that:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a)** They
 are individuals of Mexican nationality and of legal age, and therefore have full capacity
 to enter into this Agreement, which is not limited in any way.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b)** Invex
 is a commercial bank legally incorporated under the laws applicable in Mexico and authorized
 to act as a trustee under the applicable legal provisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c)** The
 attorney-in-fact of the Invex Trust has sufficient and necessary powers to enter into this
 Agreement on its behalf and in its representation, and such powers have not been revoked
 or limited to date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**d)** They
 are tax residents in Mexico.

In accordance with the foregoing recitals and representations, the Parties agree to grant and be bound by the terms and conditions set forth below:

[Rest of page intentionally left blank]

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 5<br>

**<u>SECTIONS</u>**

**<u>PART ONE<br> MERGER</u>**

**FIRST. Merger:** Each of the parties to this Agreement agrees to the merger in a single act between Grupo Aeroportuario del Pacífico, S.A.B. de C.V., as the surviving merging company, and each of the following companies: Aeropuertos Mexicanos del Pacífico, S.A.P.I. de C.V.; Controladora Mexicana de Aeropuertos, S.A. de C.V.; Promotora Aeronáutica del Pacífico, S.A. de C.V.; PAL Aeropuertos, S. de R.L. de C.V.; and Proyectos de Infraestructura Charter, S. de R.L de C.V., as the merging companies that are being dissolved (the "<u>Merger</u>").

The Merger shall take full effect between the parties upon the execution of this Agreement, and vis-à-vis third parties on the date of registration of the Merger agreements by each of the Merged Companies and the Merging Company in the corresponding Public Registry of Commerce given that, as a result of the Merger, the Merged Companies and the Merging Company agree to pay all debts whose creditors have not given their consent to the Merger in question and so require, in accordance with the provisions of Article 225 of the Mexican General Law on Commercial Companies.

**SECOND. Balance Sheets:** The Merger is based on the internal balance sheets of the Merging Company and the Merged Companies as of September 30, 2025, which were approved by unanimous resolutions of the respective shareholders of the Merged Companies and the extraordinary general meeting of shareholders of the Merging Company, and whose figures will be updated and adjusted, as appropriate, to the amounts actually recorded when the Merger takes full effect. Copies of these internal balance sheets are attached to this Agreement as **Annex "<u>1</u>".**

Each of the parties to this Agreement, agrees to register in the corresponding Public Registry of Commerce, a summary of the agreements adopted by the shareholders of the Merging Company and each of the Merged Companies that approve the Merger, together with the balance sheets of the Merging Company and each Merged Company, and the system for extinguishing liabilities of each of the Merged Companies. Such registration shall be made in each of the commercial registers of the Merging Company and the Merged Companies, respectively. Additionally, the Merging Company and the Merged Companies shall publish said summary of agreements, balance sheets, and liability extinction system, as applicable, in the electronic system established by the Ministry of Economy of Mexico, in compliance with the provisions of Article 223 of the Mexican General Law of Commercial Companies.

**THIRD. Business Conduct:** Except as disclosed on the Disclosure Schedules, each of the Merged Companies, and OTAY hereby declare that it has refrain from performing any act outside the ordinary course of their business since August 13, 2025 and up to the date of signature of this Agreement, without the prior authorization of the Merging Company, on the understanding that the Merged Companies and CBX may have made distributions or dividends of excess cash to their shareholders prior to the date hereof, and CBX may have established a compensation and incentive program to retain its employees approved by, or the be approved by, the Merging Company.

**FOURTH. Legal Succession and System Established for the Extinction of the Merged Companies' Liabilities:** As a result of the Merger, starting as of the execution date of this Agreement, the Merging Company assumes, on a universal basis, all the assets, property, and rights of the Merged Companies, as well as all the obligations and liabilities of any nature of the latter, with the Merging Company subrogating all the rights and obligations of the Merged Companies, whether commercial, civil, fiscal, or of any other nature, without exception, and shall replace them in all guarantees granted and in all obligations contracted by the Merged Companies arising from licenses, permits, contracts, concessions, and any other act in which they may have been involved.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 6<br>

Starting as of the date hereof, each Merged Company grants the Merging Company standing, to appear before any court to file lawsuits and, where appropriate, to continue with the exercise of all types of actions brought in court by each Merged Company, as applicable, as well as to intervene in all those lawsuits, appeals, or proceedings in which it has any interest for any reason. Likewise, each Merged Company, as of this date, grants passive legal standing to the Merging Company, for the purpose of appearing and, where appropriate, continuing with the exercise of all types of defenses and exceptions filed in court by each Merged Company, and also to respond to lawsuits filed against the Merged Companies, as well as to intervene in all lawsuits, appeals, or proceedings in which it has any interest for any reason.

As result of the Merger, the liabilities recorded in the books and financial statements of the Merging Company and each Merged Company in respect of which the Merging Company or the Merged Companies, as the case may be, are creditors or debtors to each other, shall be extinguished by confusion of rights and obligations in the Merging Company.

The system for extinguishing liabilities derived from the Merger consists of, that staring on that date, the Merging Company assumes all obligations and credits of any nature or quality, principal, derivative, direct or contingent, or accessory, that make up the liabilities of the Merged Companies. All such liabilities shall be extinguished through their unconditional, timely, and prompt fulfillment by the Merging Company on the corresponding payment dates established in the legal acts that gave rise to them or that result in accordance with the law. The provisions of this paragraph shall include the system for extinguishing the liabilities of the Merged Companies in accordance with the provisions of Article 223 of the Mexican General Law on Commercial Companies.

Starting as of the date hereof, the Merging Company undertakes to submit as soon as practicable and reasonably possible, the corresponding tax notices, to settle any taxes that may be outstanding for the Merged Companies, and to comply, within the legal terms, with any other tax obligations inherent to the Merged Companies.

**FIFTH. Capital Stock of the Merging Company:** By virtue of the Merger:

&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 fixed portion of the Merging Company's capital stock shall be increased through the
 issuance of 187,160,631 (one hundred eighty-seven million one hundred and sixty thousand
 six hundred and thirty-one) new ordinary registered shares with no par value. The amount
 of the capital increase will reflect the theoretical nominal value per share, and the remaining
 shall be considered fee.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 Merging Company will receive, as part of AMP's assets, as the Merged Company, 97,419,900
 (ninety-seven million four hundred nineteen thousand nine hundred) registered common shares,
 representing the Merging Company's capital stock, which are currently owned by AMP.
 These shares will be canceled and will cease to be outstanding upon receipt.

As a result of the Merger, Article 6 of the Merging Company's bylaws will be amended to reflect the agreed adjustments to its capital stock, considering the applicable adjustments.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 7<br>

**SIXTH. Exchange and Delivery of Shares:** Pursuant to the Merger, within the 2 (two) business days following the filing by the Merging Company of the merger notice referred to in article 14-B of the Federal Tax Code, the Merging Company shall deliver shares representing its capital stock to the shareholders of the Merged Companies identified in **Annex "<u>2</u>**" in accordance with this Agreement, in exchange for the shares representing the capital stock of the Merged Companies, in accordance with the merger ratios and adjustments mentioned in **Annex "<u>2</u>**". Said Annex considers the extinction of the Merged Companies and their holding vehicles.

The partners and shareholders of the Merged Companies who sign this Agreement require the Merging Company to consider **Annex "<u>2</u>"** and "**<u>4</u>**" as confidential information because it contains personal data and sensitive data of individuals, in accordance with the Mexican Federal Law on Protection of Personal Data Held by Private Parties.

**SEVENTH. Corporate Bodies and Powers of Attorney:** The Parties agree that the composition of the corporate and supervisory bodies of the Merging Company will not undergo any changes as a result of the Merger, while, the corporate and supervisory bodies of the Merged Companies will be dissolved.

The parties hereby agree that all powers of attorney that the Merged Companies have conferred prior to the Merger shall be revoked. On the other hand, all powers of attorney that the Merging Company has conferred prior to the Merger shall remain in force without any modification.

**EIGHTH. Corporate Year of the Merged Companies:** The current corporate and fiscal year of the Merging Company will end on December 31 of each calendar year, in accordance with the provisions of its current bylaws, while the current corporate and fiscal year of the Merged Companies will end early on the date of the Merger in accordance with the applicable legal provisions.

**NINTH. Other Ancillary Agreements:** The Merging Company and the shareholders of the Merged Companies may enter into various ancillary agreements to regulate various aspects of the Merger and their relationship after the Merger, including, without limitation, a transition services agreement related to the internalization of technical assistance and technology transfer services, and orderly liquidity agreements and registration rights agreements with the shareholders of the Merged Companies.

**TENTH. Expenses:** All expenses, of any nature, incurred in connection with the formalization and execution of the Merger shall be covered by the Merging Company.

**ELEVENTH: Formalities and Registration:** The transfer of the assets included among the assets transferred by virtue of this Merger, which require a special formality, shall be completed by means of the performance of the legally required acts and formalities. Each of the parties to this Agreement undertakes to deliver any documents or instruments that the Merging Company or the Merged Companies reasonably request and that are reasonably necessary or convenient to consummate the Merger contemplated in this Agreement or arising from the Merger.

**<u>PART TWO</u>**

**<u>REPRESENTATIONS, WARRANTIES, AND OTHER OBLIGATIONS</u>**

**TWELFTH: Representations and Warranties of the Parties**.

For purposes of the representations of the Shareholders of the Merged Companies, OTAY, and the Merged Companies, as applicable, contained in this section, the parties to this Agreement agree to incorporate the disclosure document attached as **Annex "<u>3</u>"** ("**<u>Disclosure Schedules</u>**"), which shall form an integral part of this Agreement.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 8<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.** **Representations and Warranties regarding AMP:** AMP represents, warrants, and guarantees to the Merging
 Company that the following information and representations are true and complete as of the
 date of execution of this Agreement, and acknowledge that this is the Merging Company's
 determining reason for entering into this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.1** **Incorporation and legal existence:** AMP is a duly incorporated variable capital investment company,
 with legally valid existence and in compliance with the laws of Mexico, and has the authorization
 and powers to conduct its business as it currently does, and section 12.1.1 of the Disclosure
 Schedule contains a copy of the deeds of AMP's current bylaws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.2** **Corporate Acts and Records:** (a) The unanimous resolutions of shareholders and the Board of Directors
 of AMP, minutes of shareholders' meetings, and minutes of meetings of the Board of
 Directors of AMP are true and complete in all material respects as to all events and facts
 they purport to record, and reflect in all material respects each and every agreement that
 needed to be adopted by the shareholders and the Board of Directors of AMP with respect to
 any acts and events that AMP may have performed in the past; and (b) the shareholder register
 books of AMP contain the current records of the shares issued and subscribed, as well as
 a complete record of the transfers of such shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.3** **Capital Stock:** (a) AMP's current capital stock is represented by the fully subscribed and
 paid-up registered common shares described in section 12.1.3 of the Disclosure Schedule;
 (b) such shares are the only authorized, issued, or outstanding equity securities and shares
 of AMP, have been duly and validly authorized and issued, are fully subscribed and paid up,
 and are free from any encumbrance, and there are no subscription rights that would dilute
 the shareholders of AMP, such as, without limitation, options, warrants, or subscription
 agreements with any shareholder, related party, or third-party; and (c) such shares were
 issued in compliance with all formalities required by law and the bylaws of AMP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.4** **Encumbrances on the Shares:** Except as disclosed in section 12.1.4 of the Disclosure Schedule, there
 are no encumbrances or limitations of any kind on the AMP shares, nor has any agreement,
 contract, or covenant been entered into that remains in force that prevents or restricts
 the holding or transfer of the shares, including, but not limited to, any preemptive rights
 in favor of any other person or entity or restrictions on participation in the capital due
 to the personal status of the direct or indirect purchasers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.5** **No Violation:** (a) The execution of this Agreement and the performance of AMP's obligations
 hereunder, as well as the effectiveness of the Merger, does not violate or result in a breach
 of: (i) the bylaws and resolutions adopted by the corporate bodies of AMP; (ii) any term
 or provision of any law applicable to AMP or its respective assets and properties that could
 result in a Material Adverse Effect (as such term is defined below); (iii) any term or provision
 of any agreement to which AMP is a party that could result in a Material Adverse Effect;
 or (iv) any agreement, license, permit, or law restricting the direct or indirect transfer
 thereof, to which AMP is a party, or any law that could result in a Material Adverse Effect;
 and (b) there is no impediment to the execution of this Agreement and there is no preemptive
 right or equivalent right over the shares of AMP that has not been waived on or before the
 date hereof and that could prevent the Merger from taking effect.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 9<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.6** **Corporate Authorizations:** AMP's participation in this Agreement has been approved by all
 necessary corporate bodies, shareholders, and any other non-governmental person or entity
 required to give its consent to carry out the Merger.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.7** **Government Authorizations:** (i) The obligations imposed and the actions necessary to maintain in
 force the licenses, permits, or any type of authorizations granted by any federal, state,
 or municipal authority to AMP for the provision of services as the company itself has been
 doing in the ordinary course of its business and in accordance with its corporate purpose
 have been complied with and exercised; (ii) all licenses, permits, or government authorizations
 were granted to AMP in accordance with applicable laws, and a list is attached to this Agreement
 in section 12.1.7 of the Disclosure Schedule; (iii) all authorizations and permits are in
 force and are owned by AMP; and (iv) there is no lien or notified proceeding of any kind
 to cancel, modify, or condition the permits, licenses, or authorizations issued by any government
 entity in favor of AMP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.8** **Financial Information:** (a) The financial statements of AMP attached hereto in section 12.1.8 of
 the Disclosure Schedule: (i) reflect in all material respects the financial and accounting
 position of AMP as of the date of their issuance; (ii) were prepared in accordance with Mexican
 Financial Reporting Standards (" <u>NIF</u> "), applied on a consistent basis;
 (iii) from the date of the financial statements to the date of signing this Agreement, no
 event has occurred that has materially modified or requires a material modification to the
 financial statements; (iv) AMP is up to date in its accounting books in accordance with Mexican
 NIF, applied on a consistent basis; (v) the value of AMP's assets has been evaluated
 in accordance with Mexican NIF, applied on a consistent basis; (vi) no assets have been recorded
 in the financial statements, books, or any accounting records of AMP in a materially incorrect
 or false manner, and AMP maintains a single set of accounts; (vii) there is no information
 regarding the assets, liabilities, and operating results of AMP that is not reflected in
 the financial statements and that must be reflected in accordance with Mexican NIFs; (viii)
 there are no liabilities related to AMP that are not reflected in the financial statements;
 and (ix) there are no unlimited liability obligations on the part of AMP or any of its parties.

Section 12.1.8 of the Disclosure Document contains a description of AMP's accounting policies, and the financial statements reflect the application of these accounting policies in a materially correct, consistent, complete, and truthful manner. AMP maintains internal accounting controls in order to (i) minimize any risk of presenting incorrect information in the financial statements; (ii) provide those responsible for preparing the financial statements with all relevant information necessary for the proper preparation of the financial statements in a timely manner; and (iii) ensure that all relevant transactions are carried out in accordance with AMP's bylaws and applicable law and recorded in the appropriate period in accordance with NIF.

**12.1.9** **Balance Sheet:** The balance sheet of AMP attached to this Agreement as **Annex " <u>1</u> "** (i) reflects in all material respects the financial and accounting situation of AMP as
 of the date of its issuance; (ii) was prepared in accordance with NIF applied on a consistent
 basis; and (iii) except as disclosed in section 12.1.9 of the Disclosure Schedule, from the
 date of the balance sheet to the date of signing this Agreement, no event has occurred that
 has materially changed or requires any material change to the balance sheet.

**12.1.10** **Liabilities:** Except for the liabilities reflected in AMP's financial statements, AMP has not
 incurred any financial liabilities, bank loans, or any other liabilities, nor has it granted
 any guarantees, sureties, or endorsements in favor of third parties or related parties related
 to AMP. All liabilities related to AMP arise from transactions carried out in the ordinary
 course of AMP's business. There are no liabilities related to AMP, except for those
 reflected in **Annex " <u>1</u> "** or in the Disclosure Schedule, as applicable.
 To the best of its knowledge, there is no basis for imposing on AMP any liability or obligation
 of any nature other than those described in **Annex " <u>1</u>**" or in the
 Disclosure Schedule, as applicable.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 10<br>

**12.1.11** **Absence of Certain Changes, Events, or Conditions:** Except for the events noted in AMP's
 audited financial statements as of December 31, 2024, since January 1, 2025, there have been
 no events, occurrences, or conditions with respect to or in connection with AMP:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any Material Adverse Effect on (i) AMP, its financial condition or otherwise, its assets and properties considered as a whole, or its results of operations; or (ii) the legal or factual ability to consummate and perfect this Agreement and fulfill its obligations hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the termination, modification, rescission, or waiver of any rights under any relevant contract. Attached to this Agreement as part of section 12.1.11 of the Disclosure Schedule is a list containing all relevant contracts entered into by AMP;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the granting of options, warrants, or any other rights to purchase or obtain (upon conversion, exchange, or exercise) rights in respect of AMP;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) changes in accounting or tax policies, or any relevant changes in cash management or policies and procedures regarding the collection of accounts receivable, creation of reserves or provisions for uncollectible accounts, calculation of accounts receivable, inventory control, prepayment of expenses, payment of accounts receivable, calculation of other expenses, deferral of revenue, and acceptance of customer deposits;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) disposal, transfer, assignment, distribution, lease, or any other disposition of, or encumbrance on, assets and property outside the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) transfer, assignment, or granting of any license and permission or sublicense of any right with respect to, or in connection with, AMP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) granting any real or personal guarantees to secure AMP's obligations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) development of a new line of business or abandonment or discontinuation of the current line of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) except for the Merger that is the subject of this Agreement, adoption of any plan of merger, consolidation, reorganization, dissolution, liquidation, or filing of a petition for a declaration or voluntary commencement of bankruptcy proceedings under any provision of applicable law, or consenting to or acquiescing in the filing of a petition or commencement of bankruptcy proceedings against it based on applicable law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) any liability that may have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) except for the liabilities recorded in the financial statements forming part of the Representation and Warranty Statement and the balance sheet in **Annex "<u>1</u>"**, the contracting of any other liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) except for those recorded in the financial statements, any loan or credit granted, other than accounts receivable generated in the ordinary course of AMP's business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) transactions with related parties, except for those transactions recorded in the financial statements and within the ordinary course of AMP's business;

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 11<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) acquisition, whether by merger or consolidation with, or by the purchase of a substantial portion of the assets or shares of, or in any other manner, of any business, person, or division thereof; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) except as disclosed in section 12.1.11 of the Disclosure Schedule, any agreement with any tax authority for the purpose of reaching conclusive agreements on tax matters, or any similar agreement to carry out the total or partial cancellation of tax credits determined by the omission of taxes, updates, fines, and surcharges.

**12.1.12** **Taxes:** Except as disclosed in section 12.1.12 of the Disclosure Schedule, (a) AMP is current
 in all its material tax obligations, whether federal, state, or municipal, in accordance
 with applicable tax laws (considering all applicable and valid extensions for the filing
 of tax returns, payment of taxes, or compliance with other tax obligations). All material
 tax returns that AMP has been required to file have been filed in a timely manner with the
 appropriate tax authorities (taking into account all applicable and valid extensions for
 such purposes). All material tax returns have been filed with information that is complete,
 true, and correct in all material respects. With respect to AMP, all material taxes that
 have been incurred and should have been paid have been paid in a timely and proper manner
 or have been properly reserved in the financial statements. All material taxes whose accrual
 and payment have been claimed by the tax authorities have been or will be paid at the moment
 they become due, or there is an accounting entry to provision for such amounts in the financial
 statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Except as stated in section 12.1.12 of the Disclosure Schedule, (i) none of the tax returns (for fiscal years for which the tax authority's powers have not expired) has been subject to actions and proceedings by any tax authority; (ii) no tax credits, outstanding deficiencies, claims, or any other contingencies or matters have been determined, and no written determinations have been made as a result of any action or proceeding on a tax return filed by a tax authority that remains open and under review; and (iii) there are no extensions or waivers of limitation periods with respect to taxes that remain in effect (except for ordinary extensions to file tax returns).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) There are no liens arising from taxes or any other cause affecting the assets,property and other goods of AMP, except for liens or other encumbrances for (i) taxes not yet due and payable; and (ii) taxes that are being challenged in good faith through the appropriate procedures and for which sufficient reserves have been established.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) All material taxes (with respect to fiscal years in which the tax authorities' power of review has not expired) that AMP must transfer and withhold in accordance with the law in its capacity as taxpayer and withholding agent, respectively, have been duly transferred, withheld, and duly and timely credited, paid, and reported to the corresponding tax authority to the extent that they have been owed, and AMP has the necessary documentation to prove that the taxes it has transferred and withheld have been paid.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 12<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Except as stated in section 12.1.12 of the Disclosure Schedule, AMP has not filed any tax-related claims with the tax authorities, including, but not limited to, a confirmation of criteria or a request to pay in installments the tax debts it has incurred.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) There are no contributions not recorded in the financial statements for which the Merging Company may be considered jointly and severally liable, in accordance with the provisions of section IV of article 26 of the Mexican Federal Tax Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Except for payments made to its shareholders, AMP has not made payments to companies that issue or have issued receipts without having the assets, personnel, infrastructure, or material capacity to provide the services or produce, market, or deliver goods related to their corporate purpose in accordance with applicable Mexican law, nor any external supplier that has issued digital tax receipts via the internet to AMP, are mentioned in the list provided under Article 69-B of the Mexican Federal Tax Code. All transactions carried out by AMP have been for purposes related to AMP's corporate purpose and business. No digital tax receipts issued by or on behalf of AMP have been assessed by the tax authorities as falling within the scope of Article 69-B of the Mexican Federal Tax Code, and those receipts support existing, true, and real transactions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) AMP has not obtained and does not obtain income subject to a preferential tax regime through foreign entities or legal entities in which it participates indirectly or directly, except as disclosed in section 12.1.12 of the Disclosure Schedule.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) AMP is not required to file any material tax returns in any jurisdiction other than Mexico and is not a resident for tax purposes in any jurisdiction other than Mexico.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) AMP has complied with all material requirements under the Mexican Income Tax Law and its regulations and any other applicable law (with respect to fiscal years in which the tax authorities' power of review has not expired) in relation to the withholding of taxes from employees, service providers, or any other person, and has remitted all material amounts withheld to the relevant authorities within the prescribed time limits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) AMP does not owe any material amount to the Mexican tax authorities for expired withholding taxes or for any additional charges that may have been generated as a result of the tax withholdings it made, except for those for which there is still a deadline for payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) There are no decrees or provisions issued by any Mexican tax authority in any proceeding affecting AMP that represent a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Except as stated in section 12.1.12 of the Disclosure Schedule, the Mexican government tax authorities have not determined a material tax liability related to AMP, in respect of taxes payable by it (for the fiscal years in which the tax authorities' power of review has not expired) that has not been fully covered by AMP or for which adequate reserves have not been established.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) The agreements to which AMP is a party have resulted and will result in the tax implications or taxable events established therein and for them in accordance with their respective agreed nature and have not been and should not be subject to any recharacterization under applicable tax laws.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 13<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) AMP has not designed, organized, implemented, or administered any agreement or transaction that could be considered a reportable scheme in accordance with the applicable provisions established in the Mexican Federal Tax Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) AMP has complied in all material respects with all the requirements of the tax incentives that it has applied, where applicable.

Notwithstanding anything to the contrary in this Agreement: (i) AMP makes no representation or warranty regarding the amount, value, or usefulness of any assets or tax attributes to which it is entitled (including, without limitation, net operating losses or net operating surpluses, tax base, or tax credits), or to the limitations thereof, including, without limitation, the ability of the Merging Company or any of its affiliates to utilize such tax assets or attributes after the date of the Merger; and (ii) the representations of the Merging Company in this section 12.1.12 shall be the sole representations of AMP in this Agreement with respect to tax matters.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) AMP has not participated in (i) any transaction or series of transactions that do not have a commercial purpose or that may be considered non-compliant with the general anti-avoidance rule established in Article 5-A of the Mexican Federal Tax Code, and (ii) any transaction that may be considered a simulated contract in accordance with Article 42-B of the Mexican Federal Tax Code. Likewise, it is noted that in accordance with Article 5-A of the Mexican Federal Tax Code, the proposed merger is based on an objective and verifiable business reason, with the aim of optimizing the current capital structure and corporate governance, allowing for permanent savings in administrative and compliance costs, as well as a simplification of the corporate structure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) AMP maintains all accounting books and corporate records required by applicable law to support and substantiate any tax or accounting position, filing, or claim made by them with respect to taxes, including, without limitation, any authorized business expenses deducted for tax purposes. AMP's accounting books, systems, and records, accounts, and inventory control reasonably detail AMP's operations, assets, and liabilities and comply with the requirements set forth in applicable Laws and generally accepted accounting principles that are applicable to it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.13** **Proceedings:** Except as stated in section 12.1.13 of the Disclosure Document: (i) There are no pending
 actions or proceedings, nor to the best of their knowledge, any threatened or imminent actions
 or proceedings, in relation to AMP, nor has any summons or notice been received to initiate
 any action or proceeding; (ii) none of the assets and properties are attached or subject
 to any action or proceeding or encumbrance; (iii) there are no actions or proceedings, nor
 to the best of their knowledge, any threat of actions or proceedings that could challenge
 the validity of this Agreement or prevent, delay, invalidate, or interfere with the completion
 of the transaction. None of the assets and properties are subject to judgments, awards, orders,
 agreements, or resolutions of any nature from any government authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.14** **Relationships with Related Parties:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Section 12.1.14 of the Disclosure Schedule contains a list of all agreements, contracts, or arrangements of any nature and form with related parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Except as provided in section 12.1.14 of the Disclosure Schedule, AMP has not entered into any contracts, agreements, or arrangements of any nature or form with related parties that have been entered into on non-market terms. All contracts, agreements, or arrangements of any nature or form with related parties have been entered into and executed in compliance with applicable law, including transfer pricing regulations. The transactions carried out by AMP with related parties are genuine and should not be classified as a simulation for tax and legal purposes.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 14<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Except as stated in section 12.1.14 of the Disclosure Schedule, neither AMP nor its respective related parties have entered into (i) credit or loan agreements related to AMP; (ii) service agreements of any kind; (iii) lease agreements; or (iv) asset purchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.15** **Bank Accounts:** Section 12.1.15 of the Disclosure Schedule contains a complete list showing
 the name of each financial institution in which there is, in relation to AMP, an account,
 contract, or safe deposit box, the number and nature of each of such accounts, contracts,
 or safe deposit boxes, and the names of all persons authorized to draw on them, give instructions
 to them, or access them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.16** **Powers of Attorney:** Section 12.1.16 of the Disclosure Schedule contains a list of all general
 and special powers of attorney in force that AMP has granted as of the date of execution
 of this Agreement, and said section 12.1.16 of the Disclosure Schedule clearly indicates:
 (i) the date on which the power of attorney in question was granted, (ii) the powers granted
 by virtue of the aforementioned power of attorney, and (iii) where applicable, the details
 of the registration of the power of attorney in question in the Mexican public commercial
 register.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.17** **Labor:** (a) As of the date of execution of this Agreement, AMP is in compliance with all its
 labor and social security obligations and has not violated any applicable laws in this regard.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Section 12.1.17 of the Disclosure Schedule contains a list of all AMP's monthly payroll expenses, including details of the number of employees. The same section 12.1.17 of the Disclosure Schedule contains a list of key personnel, including their salaries, benefits, bonuses, premiums, incentives, and remuneration and, where applicable, severance agreements (including agreements related to the termination of their employment relationship with AMP). Except as stated in section 12.1.17 of the Disclosure Schedule, no key personnel or related party of AMP has bonuses of any kind, including golden parachutes or equivalents, whose payment and enforceability are updated due to a change of control. All AMP employees are employed by AMP and are up to date with all their employment obligations, including any payments to any government authority arising from the employment relationship with their employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Section 12.1.17 of the Disclosure Schedule contains a complete list of all current service contracts previously entered into by AMP, including (i) the name of the contractor (the "<u>Contractors</u>"), (ii) the subject matter of the service contract, identifying the work performed by the Contractor and its personnel, (iii) the consideration payable to the relevant Contractor, (iv) the existence of any cause for breach, termination, or rescission under the service contract, and (v) where applicable, the existence of litigation regarding the service contracts. There is no agreement, contract, instrument, or document whose purpose is the same, equivalent, or similar to those listed in section 12.1.17 of the Disclosure Schedule and which is not listed therein. With the exception of section 12.1.17 of the Disclosure Schedule, AMP has not entered into any contract, instrument, or document under the terms of which any person provides personnel or support services to it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) There is no strike, suspension, or interruption of work or labor inspection against AMP. AMP has not received any summons or notification regarding, and is not aware of the existence of, any individual or collective labor proceedings against it or its Contractors. AMP has not received any summons or notification from any of its Contractors regarding or threats regarding, and is not aware of the existence of any individual or collective labor proceedings against any of said Contractors.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 15<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) AMP has complied with its applicable obligations relating to Social Security, the National Workers' Housing Fund Institute, the Retirement Savings System, and other applicable taxes relating to labor-management relations with respect to each of its employees, and there are no amounts owed and unpaid by AMP or the Contractors arising from any applicable law, including taxes withheld under applicable law with respect to such employees. All contributions, premiums, and employer or employee expenses required by applicable law or contract, agreement, or labor agreement with respect to AMP's employees or the Contractors, as applicable, have been paid on time, or if not yet due, have been set aside.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) AMP is not a party to collective bargaining agreements with respect to all workplaces.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.18** **Real Estate and Leases:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) AMP does not own any real estate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Section 12.1.18 of the Representation and Warranty Statement contains a list of all leases, subleases, easements, and usage agreements relating to real estate (including any amendments or supplements thereto, as well as rights to real estate used by or otherwise related to AMP).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each lease is a valid and subsisting contract in full force and effect and constitutes a valid and binding obligation of, and is legally enforceable against, the parties thereto. AMP has not received any notice from the other party to any lease of the termination thereof. There is no breach or event that, by the passage of time or notice or both, could constitute a breach by AMP of any part of such leases. To the best of our knowledge, the leased properties have all necessary and valid licenses and permits in accordance with applicable laws, and each and every one of the obligations, terms, and conditions of the applicable laws and licenses and permits granted in its favor, as applicable, have been fully complied with, and each and every one of the acts necessary to maintain them in full force and effect have been performed. To the best of its knowledge, there is no revocation, cancellation, or notified proceeding of any nature to cancel, modify, or condition the licenses and permits with respect to the leased properties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) None of the leases contemplates an obligation to pay any amount for transfer, "down payment," change of control, or any other concept resulting from the execution of this Agreement, the effectiveness of the Merger, or any other closing document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) To the best of its knowledge, none of the leased properties is subject to any government decree or order that seizes, secures, confiscates, expropriates, reverts, or otherwise confiscates or closes the properties or the leased properties by any government authority, nor is it aware of any notification of any proceeding for the purpose of seizure, seizure, confiscation, forfeiture, expropriation, reclaim, closure, or reversion of the properties or the leased properties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.19** **Suppliers:** (a) Section 12.1.19 of the Disclosure Schedule contains a complete list of each of the
 suppliers representing more than 10% (ten percent) of AMP's total purchases during
 the 12 (twelve) months prior to the date of execution of this Agreement.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 16<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) None of the suppliers described in section 12.1.19 has notified AMP of the termination of, or its intention to terminate, its business relationship with AMP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) AMP has not been notified by any of the suppliers listed in section 12.1.19 regarding the potential cancellation or modification of their business relationship with AMP, or regarding limiting the services, supplies, or materials they provide to AMP, for any reason, including the effectiveness of the transactions provided for in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.20** **Systems:** Section 12.1.20 contains a detailed description of the operating, financial, accounting,
 or any other systems by virtue of which AMP is managed and operated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.21** **Intellectual Property:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Section 12.1.21 contains a list of all intellectual property rights in any jurisdiction that are owned or used under license for the operation of AMP as it is operated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No intellectual property rights or other proprietary rights have been transferred to any person, whether by sale, assignment, or license, nor have any such rights been lost. AMP is not aware that any intellectual property related to AMP is being used or executed by any person. No person has granted options, licenses, franchises, encumbrances, rights of use or exploitation, or other contracts of any kind, verbal or written, related to intellectual property related to AMP to any person other than the Merging Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The ownership of the intellectual property used in AMP, if applicable under applicable law, is registered or is in the process of being registered, as applicable, and such registrations or applications are in force and have been maintained and renewed in accordance with applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Neither AMP's operations and business nor its own intellectual property rights violate or infringe the intellectual property rights of third parties. It is not aware of any actions or proceedings, whether pending or instituted by any third-party, regarding the ownership, validity, or use of the intellectual property owned by AMP, or alleging that AMP has violated, infringed, abused, altered, or misused the rights of such intellectual property. AMP has not received any notification alleging or arguing such claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) AMP has not been notified of, nor is it aware of, any third-party having used or currently using any intellectual property owned by AMP (or any trademark or similar right that could be confused with any intellectual property owned by AMP).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) No shareholder, director, employee, consultant, current or former contractor of AMP or any other person has the right to exploit or receive any right or benefit from the intellectual property owned by AMP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Licenses have been validly granted or assigned to AMP with respect to the use of third-party software used in the ordinary course of AMP's business, through (i) individual purchase or legal and valid acquisition by any other form of license; or (ii) site licenses purchased or otherwise legally and validly acquired that authorize the use of such licensed software.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 17<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Intellectual property owned or developed by AMP has not entered the public domain. AMP has not failed to take reasonable precautions to maintain the confidentiality of any intellectual property it has determined to share with its customers, suppliers, or other third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.22** **Assets:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) AMP has all the assets and property necessary for its operation and to provide the services it provides in the manner it provides them as of the date of execution of this Agreement, in the ordinary course of AMP's business. Section 12.1.22 contains an inventory of AMP's assets and property with a value greater than $1,000,000.00 (one million pesos 00/100), breaking down (i) their age; (ii) their remaining useful life in accordance with AMP's policies; (iii) the estimated maximum age for the use of each of them according to their intended purpose, (iv) whether they are owned by AMP or leased (under a pure and financial lease), (v) the liabilities related to such assets; and (vi) whether or not they are in operation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The assets and properties that are part of AMP are free of any encumbrances and are not subject to any asset forfeiture proceedings, in accordance with the provisions of the Mexican Asset Forfeiture Law or other applicable laws, as applicable. AMP is the legitimate owner of all its assets and properties, which, where applicable, have been duly imported into Mexico or the territory where they are located, and have not received any notification of the existence of any government decree or order that seizes, confiscates, expropriates, reclaims, reverts, or in any other way confiscates or questions the ownership or proper importation of any of the assets and properties by any government authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) There is no proceeding in progress or notified, or to the best of its knowledge, pending notification or threatened, for the purpose of seizure, attachment, confiscation, forfeiture, expropriation, termination of lease, or reversion of any of the assets and properties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Section 12.1.22 of the Disclosure Schedule contains a list of (i) the leased movable assets that form part of AMP, under operating leases or finance leases; (ii) the expiration date of each of these leases, (iii) the monthly rent and any other fees or consideration payable under these leases, and (iv) the purchase options for these assets established in favor of AMP. AMP is not in default under any of these lease agreements. All leases referred to in section 12.1.22 of the Disclosure Schedule are valid, binding, and enforceable in accordance with their respective terms and are currently in force. AMP has not received any notice of default, non-renewal or extension, or rent increase under such agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The assets and properties constitute all assets and properties that are used in the ordinary course of AMP's business for the operation of AMP. All assets and properties of AMP or related to its operation that are currently in use are in good operating condition and in a state of repair suitable for their intended use, except for ordinary wear and tear due to normal use or age.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.23** **Relevant Contracts:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Section 12.1.23 of the Disclosure Schedule contains a complete list of all relevant contracts related to AMP, as well as a summary of the main characteristics of the relevant contracts, including (i) the name of the counterparty, (ii) the subject matter of the relevant contract, (iii) the remaining term of the relevant contract and any exclusivity provisions, (iv) the consideration payable, (v) past due accounts receivable and payable, (vi) the existence, if any, of any cause for default, termination, or rescission under the relevant contract, and (vii) if applicable, the existence or threat of litigation known to it with respect to the relevant contracts.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 18<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The enforceability and enforceability of the relevant contracts shall not be affected in any way by the execution and performance of this Agreement and the closing documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) There are no breaches under the relevant agreements. The relevant agreements have been duly entered into by the parties thereto, are valid and binding on such parties, are in full force and effect, and confer the rights and obligations stipulated therein, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.24** **Insurance:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Section 12.1.24 of the Disclosure Schedule contains a list of all insurance policies of any kind that AMP has in place to cover risks related to AMP's operations, including its assets and property, and which are currently in force. Such insurance policies are issued for the amounts, deductibles, risks, and losses that AMP considers reasonably adequate for the ordinary course of AMP's business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All insurance policies mentioned in said section 12.1.24 of the Disclosure Schedule are in force, all premiums derived therefrom have been paid in accordance with their terms, and no notice of cancellation or termination has been received with respect to any such policy that has not been replaced on substantially similar terms prior to the date of such cancellation. AMP is not in default of payment or any other obligation under the aforementioned insurance policies, the breach of which could result in the modification, revocation, or termination of said policies. AMP's activities and operations have been conducted in a manner that substantially complies with all applicable provisions of said insurance policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) To the best of its knowledge, there are no actions or proceedings against AMP or that have been notified (or to the best of its knowledge, are pending notification) arising from the insurance policies mentioned in section 12.1.24 of the Disclosure Schedule.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.25** **Validity of the Agreement:** Does not require authorization from any person for the execution or
 performance of this Agreement. This Agreement is valid and binding on AMP and enforceable
 in accordance with its respective terms. The corporate resolutions adopted by AMP regarding
 the authorization to execute and perform this Agreement have been validly adopted and have
 not been modified, limited, or revoked in any way.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.26** **Intermediaries or Agents:** AMP has not entered into any agreements or arrangements that confer rights
 in favor of brokers, intermediaries, agents, commission agents, financial advisors, or investment
 banking institutions, or in favor of any other firm or person that contemplates the payment
 of fees or commissions for intermediation or agency, or any other type of consideration,
 fee, or percentage in any way related to the Merger, and in the event that it has any fees
 or commissions from such intermediaries or agents, they must be covered in full by AMP prior
 to the date hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.27** **Anti-Corruption Provisions:** Neither AMP nor, to the best of its knowledge, its administrators, officers,
 and directors have not violated any laws relating to anti-corruption practices, provisions
 to prevent and detect transactions involving illicit funds or terrorist financing, nor have
 they violated any related civil or criminal provisions. In this regard, they declare that
 no investigation or proceedings have been initiated against them or the aforementioned persons
 by any competent authority, nor have they been charged with violating the aforementioned
 provisions in Mexico or abroad.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 19<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.28** **Solvency:** AMP (i) is not in any process or proceeding of dissolution, liquidation, or bankruptcy,
 (ii) has not received any summons or notification regarding any proceeding initiated by any
 creditor tending toward the dissolution, liquidation, or bankruptcy of AMP, nor (iii) has
 initiated or is about to initiate any proceeding for its dissolution, liquidation, or bankruptcy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.29** **Accounts Receivable:** All collection rights, accounts receivable, promissory notes, credits, and
 advances receivable of AMP arose from valid transactions in the ordinary course of AMP's
 business, are valid and enforceable obligations in accordance with the terms established
 with the debtor thereof, and represent money owed for services rendered in the ordinary course
 of AMP's business.

AMP has no reason to expect that such accounts receivable will not be collected in the ordinary course of AMP's business and paid by the debtors thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.30** **Compliance with Laws:** As of this date, AMP is in compliance with all rules, laws, regulations, orders,
 decrees, judgments, official letters, circulars, treaties, regulations, official Mexican
 standards, and any other regulations issued by any governmental authority that are applicable
 to it in conducting its business and operations, except for those non-compliances that have
 not resulted, or are not reasonably expected to result, a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.31** **Technical Assistance and Technology Transfer Agreement:** (a) The Technical Assistance and Technology
 Transfer Agreement (the " <u>CAT</u> ") dated August 25, 1999 (as amended from
 time to time), a copy of which is attached to this Agreement as part of section 12.1.31 of
 the Disclosure Schedule, is a valid and fully effective agreement and constitutes a valid
 and binding obligation of, and is legally enforceable against or in favor of, as applicable,
 AMP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Except as provided in section 12.1.31 of the Disclosure Schedule, the execution of this Agreement and the performance of its obligations by AMP, as well as the effectiveness of the Merger, do not contravene or result in a violation or breach of any term, condition, or provision of the CAT.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The execution and signing by AMP of the CAT and the fulfillment of each and every one of its obligations thereunder were duly authorized in accordance with applicable law and its bylaws, as well as by its applicable corporate bodies, and do not violate (i) its bylaws in force on the date of execution of this Agreement, or (ii) any law or provision in Mexico, of any nature, that binds or affects it on the date of signing the CAT.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) There is no breach or event that, by the passage of time or notification or both, could constitute a breach by any party in accordance with the CAT.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The obligations undertaken in the CAT are valid and legally enforceable for the parties, in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The representatives of the parties that entered into the CAT had on the date of its execution, sufficient authority and power to bind the parties under the terms of the CAT. There is no revocation, cancellation, or notified proceeding of any nature to terminate, cancel, modify, revoke, or condition the CAT. AMP has complied and remains in compliance with each and every obligation undertaken under the CAT.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 20<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1.32** **Acknowledgment of Absence of Other Representations and Warranties**. AMP acknowledges and agrees that,
 except for the representations contained in this section, neither AMP nor any of its respective
 affiliates, representatives, or any other person makes any representation or warranty, express
 or implied, with respect to AMP, or with respect to any other information provided or made
 available to the Merging Company or any of its affiliates or representatives in connection
 with the Merger and the other ancillary agreements.

The Merging Company acknowledges and agrees (i) that it is not relying on any representation or warranty made by AMP or its representatives, except for those representations and warranties specifically and expressly set forth in this section; and (ii) that AMP disclaims any and all representations and warranties, whether express or implied, except for the representations and warranties contained in this section.

**12.2** **Representations and Warranties Regarding OTAY and the OTAY Subsidiaries.** OTAY represents, warrants, and guarantees to the Merging Company, with respect
to itself and each of Otay TJ Holdings, L.L.C, and its subsidiaries Otay-TJ North, L.L.C, Cross Border Xpress, L.L.C, Otay-Tijuana Venture,
L.L.C., and CBX Café, L.L.C (collectively, the " <u>OTAY Subsidiaries</u> "), as well as its affiliates Otay-TJ East,
L.L.C and Otay Far East, L.L.C (collectively, the " <u>OTAY Affiliates</u> ") that the following information and representations
are true and complete as of the date of this Agreement, and acknowledge that this is the Merging Company's determining reason for
entering into this Agreement.

**12.2.1** **Incorporation.** OTAY and each of the OTAY Subsidiaries is a corporation duly incorporated and validly existing under the laws of the state of Delaware
in the United States of America and has the authority and power to conduct its business as it currently does.

**12.2.2** **Capital Stock.** (a) The authorized, subscribed, and paid-in capital stock of OTAY and each of
 the OTAY Subsidiaries is composed as indicated in section 12.2.2 of the Disclosure Schedule;
 (b) section 12.2.2 of the Disclosure Schedule contains a list of the holders and beneficial
 owners of the shares in the capital of OTAY and each of the OTAY Subsidiaries; and (c) there
 are no other subsidiaries of OTAY other than the OTAY Subsidiaries as described in section
 12.2.2 of the Disclosure Schedule.

**12.2.3** **Shares.** (a) Except as disclosed in section 12.2.3 of the Disclosure Document, all shares in the
 capital stock of OTAY and each of the OTAY Subsidiaries have been duly authorized, validly
 created, paid up, and released and are free of any encumbrance on them or with respect to
 their corporate and economic rights, and the transfer of these shares, whether direct or
 indirect, in favor of the Merging Company or the Merged Companies is not subject to any preemptive
 right or equivalent right that has not been waived on or prior to the date hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Furthermore, all shares in the capital stock of OTAY and each of the OTAY Subsidiaries were created, subscribed, and paid for in compliance with the applicable laws of the state of Delaware in the United States of America.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) None of the shares of capital stock of OTAY and each of the OTAY Subsidiaries were issued in violation of any agreement, arrangement, covenant, or commitment to which OTAY and each of the OTAY Subsidiaries are subject or are a party, or in violation of preemptive rights or any other similar rights in favor of any person, as applicable.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 21<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.4** **Other securities.** There are no (i) securities, rights, plans, options, warrants, call options,
 conversion rights, or any agreements, arrangements, or commitments of any kind or nature
 (firm or conditional) that oblige OTAY or any of the OTAY Subsidiaries, as applicable, to
 issue, deliver, or sell, or cause to be issued, delivered, or sold, shares of OTAY or each
 of the OTAY Subsidiaries, or securities convertible into or exchangeable for securities or
 interests representing the capital stock of OTAY and each of the OTAY Subsidiaries; (ii)
 contractual obligations, agreements, or rights of a person to repurchase, exchange, or otherwise
 acquire capital stock of OTAY and each of the OTAY Subsidiaries; or (iii) preemptive rights,
 rights of first refusal, rights of first offer, tag-along rights, drag-along rights, partnership
 or shareholder agreements, or other rights, understandings, or agreements with respect to
 the voting or disposition of the capital stock of OTAY and each of the OTAY Subsidiaries,
 or any other restrictions affecting the capital stock of OTAY and each of the OTAY Subsidiaries,
 or the securities representing such capital stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.5** **Licenses and Permits.** Except as disclosed in section 12.2.5 of the Disclosure Document, OTAY and
 each of the OTAY Subsidiaries have all of the licenses, authorizations, concessions, and
 permits materially necessary or required to carry out their corporate purpose and the operation
 of their businesses in accordance with and in compliance with the applicable laws in the
 United States of America (" <u>Licenses and Permits</u> "), and (i) the material
 obligations contained in the Licenses and Permits and those imposed by any governmental authority
 on OTAY and each of the OTAY Subsidiaries have been complied with, and the necessary actions
 have been taken to maintain the Licenses and Permits in force; (ii) all Licenses and Permits
 were granted to OTAY and each of the OTAY Subsidiaries in accordance with applicable laws;
 (iii) all Licenses and Permits are in force; (iv) to the best of the knowledge of the facts
 of the chief executive officer, chief financial officer, or chief legal officer of OTAY and
 each of the OTAY Subsidiaries, without any obligation to investigate or verify further (hereinafter,
 and exclusively for purposes of OTAY and each of the OTAY Subsidiaries, the " <u>Knowledge of OTAY</u> "), there is no action or proceeding against OTAY and each of the OTAY Subsidiaries
 to cancel, modify, or condition the Licenses and Permits or those of its Subsidiaries; and
 (v) the execution of this Agreement does not and will not result in the termination, revocation,
 extinction, or loss of the Licenses and Permits of OTAY and each of its subsidiaries. Attached
 in section 12.2.5 of the Disclosure Schedule is a list of all Licenses and Permits granted
 to Otay and each of its subsidiaries by government authorities and/or any licenses, concessions,
 or permits that are necessary for its operation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.6** **No Violation.** Except as disclosed in section 12.2.6 of the Disclosure Document, the execution
 of this Agreement and the fulfillment of the obligations by OTAY and each of the OTAY Subsidiaries
 hereunder, as well as the effectiveness of the Merger, does not violate or result in a violation
 or breach of: (i) any term, condition, or provision of the bylaws, articles of incorporation,
 and resolutions adopted by the corporate bodies of OTAY and each of the OTAY Subsidiaries;
 (ii) any term or provision of any law applicable to OTAY and each of the OTAY Subsidiaries
 or their respective assets and properties that could result in a Material Adverse Effect;
 (iii) any term or provision of any agreement to which OTAY and each of the OTAY Subsidiaries
 are a party that could result in a Material Adverse Effect, or result in the termination,
 cancellation, or acceleration (whether upon receipt of notice, or by the passage of time,
 or both) of any right or obligation of OTAY and each of the OTAY Subsidiaries; or (iv) any
 contract, license, permit, or law that restricts the direct or indirect transfer thereof,
 to which OTAY or each of the OTAY Subsidiaries is a party, nor shall they have the effect
 of creating or imposing any lien on any of the assets of OTAY or each of the OTAY Subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.7** **Financial information.** The financial statements of OTAY and each of the OTAY Subsidiaries (consolidated
 at the Otay-TJ Holdings, LLC level) attached hereto in section 12.2.7 of the Disclosure Schedule
 (i) reflect in all material respects the financial and accounting position of OTAY and each
 of the OTAY Subsidiaries as of the date of their issuance;

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 22<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) were prepared in accordance with the general accounting principles in the United States of America ("<u>U.S. GAAP</u>") applied on a consistent basis; (iii) except as disclosed in section 12.2.7 of the Disclosure Document, from the date of issuance of its financial statements to the date of execution of this Agreement, no event has occurred that has materially changed or requires a material change to the financial statements of OTAY and each of the OTAY Subsidiaries; (iv) OTAY and each of the OTAY Subsidiaries are up to date in their accounting records, and their operations are reflected in their financial statements, accounting records, and books of account in accordance with U.S. GAAP, applied on a consistent basis; (v) the value of the assets of OTAY and each of the OTAY Subsidiaries has been evaluated in accordance with U.S. GAAP, applied on a consistent basis; (vi) OTAY and each of the OTAY Subsidiaries has not recorded in its financial statements, books, or any accounting records any assets of OTAY and each of the OTAY Subsidiaries in a materially incorrect or false manner, and that OTAY and each of the OTAY Subsidiaries maintain a single set of accounting records; (vii) except as disclosed in section 12.2.7 of the Disclosure Document, there is no information regarding the assets, liabilities, and operating results of OTAY and each of the OTAY Subsidiaries that is not reflected in the financial statements and that must be reflected in accordance with U.S. GAAP; (viii) except as disclosed in section 12.2.7 of the Disclosure Document, there are no liabilities of OTAY and each of the OTAY Subsidiaries that are not reflected in the financial statements; and (ix) OTAY and each of the OTAY Subsidiaries have not entered into any transaction by virtue of which they have assumed unlimited liability obligations.

Section 12.2.7 of the Disclosure Document, within OTAY's consolidated and audited financial statements, in accordance with U.S. GAAP, in the section entitled "Summary of Significant Accounting Policies," contains a description of OTAY's accounting policies, and the financial statements reflect the application of those accounting policies in a materially correct, consistent, complete, and truthful manner. OTAY maintains internal accounting controls in order to (i) minimize any risk of presenting incorrect information in the financial statements; (ii) provide those responsible for preparing the financial statements with all relevant information necessary for the proper preparation of the financial statements in a timely manner; and (iii) ensure that all relevant transactions are conducted in accordance with OTAY's bylaws and applicable law and recorded in the appropriate period in accordance with US GAAP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.8** **Liabilities.** (a) Except as disclosed in section 12.2.7 and the liabilities reflected in OTAY's
 consolidated financial statements, which include each of the OTAY Subsidiaries attached to
 this Agreement in section 12.2.7 of the Disclosure Schedule attached hereto, neither OTAY
 nor each of the OTAY Subsidiaries has incurred any financial liabilities, bank loans, or
 any other liabilities, nor has it granted any guarantees, sureties, or material endorsements
 in favor of third parties or related parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.9** **Assets.** (i) Except as disclosed in section 12.2.9 of the Disclosure Document, OTAY and each of
 the OTAY Subsidiaries maintain all assets and properties materially necessary for the operation
 of the business of OTAY and each of the OTAY Subsidiaries in the ordinary course of their
 business; (ii) OTAY and each of the OTAY Subsidiaries are the rightful owners of all their
 assets and properties materially necessary for the operation of the business, and to the
 best of Otay's knowledge, they have not received any notification of the existence
 of any government decree or order that seizes, confiscates, expropriates, nationalizes, occupies,
 requisitions, reclaims, reverts, or in any other way confiscates or questions the ownership
 or due importation of any of the assets and properties by any government authority; (iii)
 there are no material proceedings in progress or notified, or to the best of OTAY's
 knowledge, pending notification or threatened, for the purpose of seizure, attachment, confiscation,
 forfeiture, expropriation, termination of lease, or reversion of any of the assets and properties
 of OTAY and each of the OTAY Subsidiaries; and (iv) all assets and properties of OTAY and
 each of the OTAY Subsidiaries currently in use are in good operating condition and state
 of repair for their intended use, except for ordinary wear and tear due to normal use or
 age.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 23<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.10** **Absence of Certain Changes, Events, or Conditions.** Except for the events indicated in the audited
 financial statements of OTAY and each of the OTAY Subsidiaries (on a consolidated basis at
 the level of Otay-TJ Holdings, L.L.C) as of December 31, 2024, which are attached to this
 Agreement as part of section 12.2.7 of the Disclosure Schedule and as disclosed in section
 12.2.10, since January 1, 2025, there has been no occurrence or event (i) any Material Adverse
 Effect or any other event, occurrence, or circumstance that individually or collectively
 represents an Adverse Material Effect (ii) the termination, modification, rescission, or waiver
 of any material rights under any relevant contract; (iii) the granting of options, *warrants,* or any other right to purchase or obtain (upon conversion, exchange, or exercise) rights
 with respect to OTAY or each of the OTAY Subsidiaries; (iv) material changes in accounting
 or tax policies, or any relevant change in cash management or in policies and procedures
 regarding the collection of accounts receivable, creation of reserves or provisions for uncollectible
 accounts, calculation of accounts receivable, inventory control and, prepayment of expenses,
 payment of accounts receivable, calculation of other expenses, deferral of income, and acceptance
 of customer deposits; (v) disposal, transfer, assignment, distribution, lease, or any other
 disposition of, or encumbrance on, assets and property outside the ordinary course of business;
 (vi) transfer, assignment, or granting of any License and Permit of any relevant right relating
 to or in connection with OTAY and each of the OTAY Subsidiaries; (vii) granting any real
 or personal guarantees to secure the obligations of OTAY and each of the OTAY Subsidiaries
 outside the ordinary course of business; (viii) developing a new line of business or abandoning
 or discontinuing the current line of business; (ix) except for the Merger that is the subject
 of this Agreement, adoption of any reorganization, dissolution, or liquidation plan or filing
 of a petition for a declaration or voluntary commencement of bankruptcy proceedings under
 any provision of applicable law or consenting to or acquiescing in the filing of a petition
 or commencement of insolvency proceedings (including, without limitation, United States Chapter
 11 *)* against it based on applicable law; (x) any liability that may have a Material
 Adverse Effect; (xi) except for liabilities recorded in the Financial Statements of OTAY
 and each of the OTAY Subsidiaries mentioned above, incurring any other material liability
 outside the ordinary course of business; (xii) except as recorded in the Consolidated Financial
 Statements of OTAY and each of the OTAY Subsidiaries mentioned above, any loan or credit
 granted by OTAY and/or each of the OTAY Subsidiaries, other than accounts receivable generated
 in the ordinary course of business of OTAY and each of the OTAY Subsidiaries; (xiii) there
 have been no material transactions with related parties, except for those transactions recorded
 in the financial statements and within the ordinary course of business of OTAY and each of
 the OTAY Subsidiaries; (xiv) acquisition, whether by merger or consolidation with, or by
 the purchase of a substantial portion of the assets or shares of, or in any other manner,
 of any business, person, or division thereof; or (xv) except as described in section 12.2.12
 of the Disclosure Schedule, any agreement with any tax authority for the purpose of reaching
 conclusive agreements on tax matters, or any similar agreement to carry out the total or
 partial cancellation of tax credits determined by the omission of taxes, adjustments, fines,
 and surcharges.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.11** **Taxes:** 

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 24<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except as described in section 12.2.1 of the Disclosure Schedule, OTAY and each of the OTAY Subsidiaries are current in all their material tax obligations, whether federal, state, or municipal, in accordance with applicable tax laws (taking into account all applicable and valid extensions for filing tax returns, paying taxes, or complying with other tax obligations). All material tax returns that OTAY and each of the OTAY Subsidiaries have been required to file have been filed in a timely manner with the relevant tax authorities (taking into account all applicable and valid extensions for such purpose). All material tax returns have been filed with information that is complete, accurate, and correct in all material respects. With respect to OTAY and each of the OTAY Subsidiaries, all material taxes that have accrued and should have been paid have been paid in a timely and proper manner or have been properly reserved in the financial statements. All material taxes whose accrual and payment have been claimed by the tax authorities have been or will be paid, at the time they become due, or there is an accounting entry to provision for such amounts in the financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Except as described in section 12.2.11 of the Disclosure Schedule, (i) none of the tax returns (for fiscal years for which the tax authority's powers have not expired) has been subject to actions and proceedings by any tax authority; (ii) no tax credits, outstanding deficiencies, claims or any other contingencies or matters have been determined, and no written determinations have been made as a result of any action or proceeding on a tax return filed by a tax authority that remains open and under review; and (iii) there are no extensions or waivers of limitation periods with respect to taxes that remain in effect (except for ordinary extensions to file tax returns).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) There are no liens arising from taxes or any other fiscal cause affecting the assets and properties of OTAY and each of the OTAY Subsidiaries, except for liens or other encumbrances for (i) taxes not yet due and payable, and (ii) taxes that are being challenged in good faith through the appropriate procedures and for which sufficient reserves have been established.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) With respect to OTAY and each of the OTAY Subsidiaries, all material taxes (with respect to fiscal years in which the tax authorities' power of review has not expired) that they are required to transfer and withhold in accordance with the law in their capacity as taxpayers and withholding agents, respectively, have been duly transferred, withheld, and duly and timely credited, paid, and remitted to the corresponding tax authority to the extent that they have been owed, and OTAY and each of the OTAY Subsidiaries have the necessary documentation to prove that the taxes they have transferred and withheld have been paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Except as described in section 12.2.11 of the Disclosure Schedule, OTAY and each of the OTAY Subsidiaries have not filed any tax-related claims with the tax authorities, including, but not limited to, a confirmation of criteria or a request to pay in installments the tax debts incurred.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) OTAY and each of the OTAY Subsidiaries have not made payments to companies that issue or have issued receipts without having the assets, personnel, infrastructure, or material capacity to provide the services or produce, market, or deliver goods related to their corporate purpose in accordance with applicable Mexican law nor any external supplier that has issued digital tax receipts via the internet to OTAY and each of the OTAY Subsidiaries, are mentioned in the list provided under Article 69-B of the Mexican Federal Tax Code. All transactions carried out by OTAY and each of the OTAY Subsidiaries have been for purposes related to the corporate purposes and the business of OTAY and each of the OTAY Subsidiaries. No digital tax receipts issued by or on behalf of OTAY and each of the OTAY Subsidiaries have been assessed by the tax authorities as falling within the scope of Article 69-B of the Mexican Federal Tax Code, and those receipts support actual, bona fide, and existing transactions.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 25<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Except as described in section 12.2.11 of the Disclosure Schedule, OTAY and each of the OTAY Subsidiaries are not required to file any tax returns in any jurisdiction other than the United States and are not residents for tax purposes in any jurisdiction other than the United States.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) OTAY and each of the OTAY Subsidiaries have complied with all material requirements under the United States Income Tax Law and its regulations and any other applicable law (with respect to fiscal years in which the tax authorities' power of review has not expired) in relation to the withholding of taxes from employees, service providers, or any other person, and have materially remitted all amounts withheld to the appropriate authorities within the prescribed time limits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) OTAY and each of the OTAY Subsidiaries do not owe any material amount to the tax authorities for past due withholding taxes or for any additional charges that may have been generated as a result of the tax withholdings made, except for those for which there is still a deadline for payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) There are no decrees or provisions issued by any tax authority in any proceeding affecting OTAY or each of the OTAY Subsidiaries that represent a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) The government tax authorities have not determined a tax credit related to OTAY or each of the OTAY Subsidiaries in connection with taxes payable by them (with respect to fiscal years in which the tax authorities' power of review has not expired).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) The agreements to which OTAY and each of the OTAY Subsidiaries are party have resulted and will result in the tax implications or taxable events established therein and for them in accordance with their respective agreed nature, and have not been and will not be subject to any recharacterization under applicable tax laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) OTAY and each of the OTAY Subsidiaries have not designed, organized, implemented, or administered any agreement or transaction that could be considered a reportable scheme in accordance with the applicable provisions established in the Mexican Federal Tax Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) OTAY and each of the OTAY Subsidiaries have complied in all material respects with all the requirements of the tax incentives that, where applicable, they have applied.

Notwithstanding any provision to the contrary in this Agreement: (i) OTAY and each of the OTAY Subsidiaries make no representation or warranty with respect to the amount, value, or usefulness of any assets or tax attributes to which they are entitled (including, without limitation, net operating losses or net operating surpluses, tax base, or tax credits), or to the limitations thereof, including, among others, the ability of the Merging Company or any of its affiliates to use such tax assets or attributes after the date of the Merger; and (ii) the representations in this section 12.2.11 shall be the sole representations of OTAY and each of the OTAY Subsidiaries in this Agreement with respect to tax matters.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.12** **Proceedings:** (i) There are no pending actions or proceedings, nor, to the best of OTAY's knowledge,
 any threat or imminence of any material action or proceeding in relation to OTAY and each
 of the OTAY Subsidiaries, nor has any summons or notification been received to initiate any
 action or proceeding; (ii) None of the assets and properties are seized or subject to any
 action or proceeding or encumbrance, except as described in section 12.2.11 of the Disclosure
 Schedule.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 26<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) There are no actions or proceedings, nor, to the best of OTAY's knowledge, any threat of actions or proceedings that could challenge the validity of this Agreement or prevent, delay, invalidate, or interfere with the completion of the transaction. None of the assets and properties are subject to judgments, awards, orders, agreements, or resolutions of any nature from any government authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.13** **Relationships with related parties:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Section 12.2.13 of the Disclosure Schedule contains a list of all agreements, contracts, or material arrangements of any nature and form with related parties of OTAY and each of the OTAY Subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) OTAY and each of the OTAY Subsidiaries have not entered into any contracts, agreements, or arrangements of any nature or form with related parties that have been entered into on non-market terms. All contracts, agreements, or arrangements of any nature and form with related parties have been entered into and executed in compliance with applicable law, including transfer pricing regulations. The transactions carried out by OTAY and each of the OTAY Subsidiaries with related parties are genuine and should not be classified as a simulation for tax and legal purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Except as provided in section 12.2.13 of the Disclosure Schedule, neither OTAY nor each of the OTAY Subsidiaries, nor their respective related parties, have entered into (i) credit or loan agreements related to OTAY or each of the OTAY Subsidiaries; (ii) material service agreements of any kind, (iii) lease agreements, (iv) or asset purchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.14** **Bank Accounts:** Section 12.2.14 of the Disclosure Schedule contains a complete list showing
 the name of each financial institution in which there is, in relation to OTAY and each of
 the OTAY Subsidiaries, an account, contract, or safe deposit box, the number and nature of
 each of such accounts, contracts, or safe deposit boxes, with the names of all persons authorized
 to draw on them, give instructions to them, or access them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.15** **Powers of Attorney:** Section 12.2.15 of the Disclosure Schedule contains a list of all general
 and special powers of attorney in force that OTAY and each of the OTAY Subsidiaries have
 granted as of the date of execution of this Agreement, and said section 12.2.15 of the Disclosure
 Schedule clearly indicates: (i) the date of grant of the power of attorney in question, (ii)
 the powers granted by virtue of the aforementioned power of attorney, and (iii) where applicable,
 details of the registration of the power of attorney in question in the public commercial
 register.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.16** **Labor:** (a) As of the date of execution of this Agreement, OTAY and each of the OTAY Subsidiaries
 are in compliance with all their labor and social security obligations and have not violated
 any applicable laws in this regard.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Section 12.2.16 of the Disclosure Schedule contains a list of all monthly payroll expenses of OTAY and each of the OTAY Subsidiaries, including details of the number of employees. The same section 12.2.16 of the Disclosure Schedule contains a list of key personnel, including their salaries, benefits, bonuses, premiums, incentives, and remuneration and, where applicable, severance agreements (including agreements related to the termination of the employment relationship between them and OTAY and each of the OTAY Subsidiaries).

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 27<br>

Except as described in section 12.2.16 of the Disclosure Schedule, no key personnel or related party of OTAY and each of the OTAY Subsidiaries has bonuses of any kind, including golden parachutes or equivalents, whose payment and enforceability are updated due to a change of control. All employees of OTAY or each of the OTAY Subsidiaries are employed by OTAY and are up to date with all their employment obligations, including any payments to any government authority arising from the employment relationship with their employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Section 12.2.16 of the Disclosure Schedule contains a complete list of all material personnel or support service contracts previously entered into by OTAY and each of the OTAY Subsidiaries, including (i) the name of the Contractor, (ii) the subject matter of the service contract, identifying the work performed by the Contractor and its personnel, (iii) the consideration payable to the relevant Contractor, (iv) the existence of any cause for breach, termination, or rescission under the service contract, and (v) where applicable, the existence of litigation regarding the service contracts. There is no agreement, contract, instrument, or document whose purpose is the same, equivalent, or similar to those listed in section 12.2.16 of the Disclosure Schedule and which is not listed therein. With the exception of section 12.2.16 of the Disclosure Schedule, OTAY and each of the OTAY Subsidiaries have not entered into any agreement, instrument, or document under the terms of which any person provides personnel or support services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) There is no strike, suspension, or interruption of work or labor inspection against OTAY and each of the OTAY Subsidiaries. OTAY and each of the OTAY Subsidiaries have not received any summons or notification regarding, and are not aware of the existence of, any individual or collective labor proceedings against them or the Contractors. OTAY and each of the OTAY Subsidiaries have not received any summons or notification from any of their Contractors regarding or threats regarding and are not aware of the existence of any individual or collective labor proceedings against any of said Contractors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) OTAY and each of the OTAY Subsidiaries are not party to any collective bargaining agreements with respect to all of their workplaces.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.17** **Real Estate and Leases:** (a) Section 12.2.17 of the Disclosure Schedule contains a list of
 all real estate owned by OTAY and each of the OTAY Subsidiaries. With respect to the real
 estate, except for the encumbrances listed in section 12.2.11 of the Disclosure Schedule,
 OTAY and each of the OTAY Subsidiaries have full ownership and valid, legitimate, and negotiable
 title. The real estate and ownership thereof are registered in the corresponding public property
 registries in favor of OTAY and each of the OTAY Subsidiaries, as applicable; they are free
 of any Liens and are not subject to any relevant actions or proceedings. The properties have
 all the licenses and permits that are materially necessary and in force under applicable
 laws, and OTAY and each of the OTAY Subsidiaries; except for the encumbrances listed in section
 12.2.11 of the Disclosure Schedule, have fully complied with each and every one of the obligations,
 terms, and material conditions of the applicable laws and of the licenses and permits granted
 in their favor, as applicable, and have performed each and every act materially necessary
 to maintain them in full force and effect. To the best of Otay's knowledge, there is
 no revocation, cancellation, or notified proceeding of any nature to cancel, modify, or condition
 the licenses and permits with respect to the properties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Section 12.2.17 of the Representation and Warranty Schedule contains a list of all leases, subleases, easements, and material usage agreements with respect to real property (including any amendments or supplements thereto), as well as rights to real property used by or otherwise related to OTAY and each of the OTAY Subsidiaries.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 28<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Except as described in section 12.2.18 of the Disclosure Schedule, each lease is a valid and subsisting contract in full force and effect and constitutes a valid and binding obligation of, and is legally enforceable against, the parties thereto. OTAY and each of the OTAY Subsidiaries have not received any notice from the other party to any lease of the termination thereof. There is no default or event that, by the passage of time or notice or both, could constitute a default by any party under such leases by OTAY and each of the OTAY Subsidiaries. The Leased Properties have all necessary and valid licenses and permits in accordance with applicable laws, and each and every one of the obligations, terms, and conditions of the applicable laws and licenses and permits granted in their favor, as applicable, have been fully complied with, and each and every one of the acts necessary to keep them in full force and effect have been performed. To the best of Otay's knowledge, there is no revocation, cancellation, or notified proceeding of any nature to cancel, modify, or condition the licenses and permits with respect to the leased properties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) None of the leases contemplates an obligation to pay any amount for transfer, "down payment," change of control, or any other concept resulting from the execution of this Agreement, the effectiveness of the Merger, or any other closing document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) To the best of OTAY's knowledge, none of the properties owned by OTAY and each of the OTAY Subsidiaries and leased properties are subject to any government decree or order that seizes, secures, confiscates, expropriate, revert, or otherwise confiscate or close the Properties or leased properties by any government authority, nor are they aware of any notification of any proceedings for the purpose of seizure, attachment, confiscation, forfeiture, expropriation, reclaim, closure, or reversion of the properties or leased properties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.18** **Suppliers:** (a) Section 12.2.18 of the Disclosure Schedule contains a complete list of each of the
 suppliers representing more than 10% (ten percent) of the total purchases of OTAY and each
 of the OTAY Subsidiaries, as applicable, during the 12 (twelve) months prior to the date
 of execution of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) None of the suppliers described in section 12.2.18 of the Statement of Intent has notified OTAY and each of the OTAY Subsidiaries of the termination of, or its intention to terminate, its business relationship with OTAY.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) OTAY and each of the OTAY Subsidiaries have not been notified by any of the suppliers listed in section 12.2.18 of the Disclosure Schedule regarding the potential cancellation or modification of its business relationship with OTAY and each of the OTAY Subsidiaries, or regarding limiting the services, supplies, or materials it provides to OTAY and each of the OTAY Subsidiaries, for any reason, including the consummation of the transactions contemplated in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.19** **Systems:** Section 12.2.19 of the Disclosure Schedule contains a detailed description of the operating,
 financial, accounting, or any other systems by virtue of which OTAY and each of the OTAY
 Subsidiaries are managed and operated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.20** **Intellectual Property:** 

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 29<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Section 12.2.20 of the Disclosure Schedule contains a list of all intellectual property rights in any jurisdiction that are owned or used under license for the operation of OTAY and each of the OTAY Subsidiaries as operated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Except for limited, non-exclusive, and revocable licenses in connection with certain commercial agreements, no intellectual property rights or other proprietary rights with respect to intellectual property have been transferred to any person, whether by sale, assignment, or license, nor have any such rights been lost. OTAY and each of the OTAY Subsidiaries are not aware that any intellectual property related to OTAY and each of the OTAY Subsidiaries is being used or executed by any person in a material manner and for which appropriate measures have not been taken to prevent such use. Except for limited, non-exclusive, and revocable licenses in connection with certain commercial agreements and the encumbrances listed in section 12.2.11 of the Disclosure Document, no person has granted options, licenses, franchises, encumbrances, rights of use or exploitation, or other contracts of any kind, verbal or written, related to the intellectual property related to OTAY and each of the OTAY Subsidiaries to any person other than the Merging Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The ownership of the intellectual property used by OTAY and each of the OTAY Subsidiaries, if applicable under applicable law, is registered or is in the process of being registered, as applicable, and such registrations or applications are in force and have been maintained and renewed in accordance with applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) To the knowledge of OTAY, neither the operations and businesses nor the intellectual property rights of OTAY and each of the OTAY Subsidiaries violate or infringe upon the intellectual property rights of third parties. To the best of OTAY's knowledge, there are no actions or proceedings pending or brought by any third-party regarding the ownership, validity, or use of the intellectual property used by OTAY and each of the OTAY Subsidiaries, or alleging that OTAY and each of the OTAY Subsidiaries have violated, infringed, abused, altered, or misused the rights of such intellectual property. OTAY and each of the OTAY Subsidiaries have not received any notification alleging or arguing such claims that have not been resolved in a satisfactory and non-material manner in favor of OTAY and/or each of the OTAY Subsidiaries, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) OTAY and each of the OTAY Subsidiaries have not been notified of, nor are they aware of, any third-party having used or currently using any intellectual property belonging to OTAY and each of the OTAY Subsidiaries (or any trademark or similar right that could be confused with any intellectual property owned by OTAY and each of the OTAY Subsidiaries), in a relevant or material manner and for which appropriate measures have not been taken to prevent such use.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) No shareholder, director, employee, consultant, current or former contractor of OTAY and each of the OTAY Subsidiaries or any other person has the right to exploit or receive any right or benefit from the intellectual property owned by OTAY and each of the OTAY Subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Valid licenses have been granted or assigned to OTAY and each of the OTAY Subsidiaries, as applicable, with respect to the use of third-party software used in the ordinary course of business of OTAY and each of the OTAY Subsidiaries, through (i) individual purchase or legal and valid acquisition by any other form of licenses; or (ii) site licenses purchased or otherwise legally and validly acquired that authorize the use of such licensed software.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 30<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The intellectual property owned or developed by OTAY and each of the OTAY Subsidiaries has not entered the public domain. OTAY and each of the OTAY Subsidiaries have not failed to take reasonable precautions to maintain the confidentiality of any intellectual property they have determined to share with their customers, suppliers, or other third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.21** **Relevant Contracts:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Section 12.2.21 of the Disclosure Schedule contains a complete list of all relevant contracts related to OTAY and each of the OTAY Subsidiaries, as well as a summary of the main characteristics of the relevant contracts, including (i) the name of the counterparty, (ii) the subject matter of the relevant contract, (iii) the remaining term of the relevant contract and any exclusivity provisions, (iv) the consideration payable, (v) material past due accounts receivable and payable, (vi) the existence, if any, of any cause for default, termination, or rescission under the relevant contract, and (vii) if applicable, the existence or threat of litigation known to them with respect to the relevant contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The enforceability and enforceability of the relevant contracts shall not be affected in any way by the execution and performance of this Agreement and the closing documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) There are no breaches under the relevant agreements. The relevant agreements have been duly executed by the parties thereto, are valid and binding on such parties, are in full force and effect, and confer the rights and obligations stipulated therein, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.22** **Customers:** Section 12.2.22 of the Disclosure Schedule of this Agreement contains a list of all contracts
 with customers of OTAY and each of the OTAY Subsidiaries, including those in relation to
 which it is known that they will not be renewed or will be terminated prior to December 31,
 2025, which in fiscal year 2024 represented 5% (five percent) or more of the revenues of
 OTAY and each of the OTAY Subsidiaries, individually, of which they were customers and which
 said customer has not been recovered.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.23** **Insurance:** (a) Section 12.2.23 of the Disclosure Schedule contains a list of all insurance policies
 of any nature held by OTAY and each of the OTAY Subsidiaries to cover risks related to the
 operation of OTAY and each of the OTAY Subsidiaries, including their assets and properties,
 real estate and leased real estate, and which are currently in force. Such insurance policies
 are issued for the amounts, deductibles, risks, and losses that OTAY and each of the OTAY
 Subsidiaries consider to be reasonably adequate for the ordinary course of OTAY and each
 of the OTAY Subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All insurance policies referred to in such section 12.2.23 of the Disclosure Schedule are in force, all premiums thereunder have been paid in accordance with their terms, and no notice of cancellation or termination has been received with respect to any such policy that has not been replaced on substantially similar terms prior to the date of such cancellation. OTAY and each of the OTAY Subsidiaries are not in default of payment or any other obligation under the aforementioned insurance policies, the breach of which could result in the modification, revocation, or termination of such policies. The activities and operations of OTAY and each of the OTAY Subsidiaries have been conducted in a manner that substantially complies with all applicable provisions of such insurance policies.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 31<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Except as described in section 12.2.23 of the Disclosure Schedule, to the best of OTAY's knowledge, there are no actions or proceedings against OTAY and each of the OTAY Subsidiaries or that have been notified (or to the best of OTAY's knowledge, are pending notification) arising from the insurance policies mentioned in section 12.2.23 of the Disclosure Schedule.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.24** **Validity of the Agreement:** No authorization from any person that has not been previously obtained
 is required for the execution or performance of this Agreement. This Agreement is valid and
 binding on OTAY and each of the OTAY Subsidiaries and is mandatory in accordance with its
 respective terms. The corporate resolutions adopted by OTAY and each of the OTAY Subsidiaries
 regarding the authorization to enter into and execute this Agreement have been validly adopted
 and have not been modified, limited, or revoked in any way.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.25** **Intermediaries or Agents:** OTAY and each of the OTAY Subsidiaries have not entered into any agreements
 or arrangements that confer rights in favor of brokers, intermediaries, agents, commission
 agents, financial advisors, or investment banking institutions, or in favor of any other
 firm or person that contemplates the payment of fees or commissions for intermediation or
 agency, or any other type of consideration, fee, or percentage in any way related to the
 Merger, and in the event that there are any fees or commissions from such intermediaries
 or agents, they shall be covered in full by OTAY and each of the OTAY Subsidiaries prior
 to the date hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.26** **Anti-Corruption Provisions:** OTAY and each of the OTAY Subsidiaries, nor to the knowledge of OTAY, its
 administrators, officers, and directors, have violated any law relating to anti-corruption
 practices, provisions to prevent and detect transactions involving funds of illicit origin
 or terrorist financing, nor have they violated any related civil or criminal provisions.
 In this regard, they declare that no investigation or proceedings have been initiated against
 them or the aforementioned persons by any competent authority, nor have they been charged
 with violating the aforementioned provisions in Mexico or abroad.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.27** **Solvency:** OTAY and each of the OTAY Subsidiaries (i) are not in any process or proceeding of dissolution,
 liquidation, or bankruptcy, (ii) have received any summons or notification regarding any
 proceedings initiated by any creditor tending toward the dissolution, liquidation, or bankruptcy
 of OTAY and each of the OTAY Subsidiaries, nor (iii) have initiated or are about to initiate
 any proceedings for their dissolution, liquidation, or bankruptcy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.28** **Accounts Receivable:** (a) All collection rights, accounts receivable, promissory notes, credits,
 and advances receivable of OTAY and each of the OTAY Subsidiaries arose from valid transactions
 in the ordinary course of business of OTAY and each of the OTAY Subsidiaries, are valid and
 enforceable obligations in accordance with the terms established with the debtor thereof
 and represent money owed for services rendered in the ordinary course of business of OTAY
 and each of the OTAY Subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) To the best of OTAY's knowledge, OTAY and each of the OTAY Subsidiaries have no reason to expect that such accounts receivable will not be collectible in the ordinary course of business of OTAY and each of the OTAY Subsidiaries and paid by the debtors thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.29** **Compliance with Laws:** As of this date, OTAY and each of the OTAY Subsidiaries are in compliance
 with all rules, laws, regulations, orders, decrees, judgments, official letters, circulars,
 treaties, regulations, rules, official Mexican standards, and any other regulations issued
 by any governmental authority that are applicable to them in conducting their business and
 operations, except for those non-compliances that have not resulted, or are not reasonably
 expected to result, in a Material Adverse Effect.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 32<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2.30** **Acknowledgment of Absence of Other Representations and Warranties** OTAY acknowledges and agrees that,
 except for the representations contained in this section, neither OTAY nor any of its respective
 affiliates, representatives, or any other person makes any representation or warranty, express
 or implied, with respect to OTAY or its respective subsidiaries, or with respect to any other
 information provided or made available to GAP or any of its affiliates or representatives
 in connection with the Merger and the other ancillary agreements.

The Merging Company acknowledges and agrees (i) that it is not relying on any representations or warranties of OTAY, its affiliates, representatives, or any other person, except for those representations and warranties specifically and expressly set forth in this section; and (ii) that OTAY and its respective subsidiaries disclaim any and all representations and warranties, whether express or implied, except for the representations and warranties contained in this section.

**12.3** **Fundamental Representations and Warranties of the PAP Shareholders:** The PAP Shareholders represent,
 warrant, and guarantee to the Merging Company that the following information and representations
 are true and complete as of the date of execution of this Agreement, and acknowledge that
 this is the Merging Company's determining reason for entering into this Agreement.

**12.3.1** **Existence:** They are individuals of Mexican nationality and of legal age.

**12.3.2** **Capacity:** They have full capacity to enter into this Agreement, which is not limited in any way.

**12.3.3** **Shareholding:** The PAP Shareholders are the owners and beneficiaries of the number of shares and/or
 equity interests representing the capital stock of AMP, CMA, PAP, and Charter described in
 section 12.3.3 of the Disclosure Schedule, free of any encumbrance or limitation on ownership,
 and may freely dispose of such shares.

**12.3.4** **Encumbrances on Shares:** Except as described in section 12.3.4 of the Disclosure Schedule, as of the
 date of signing this Agreement, there are no encumbrances or limitations of any kind on the
 shares held by the PAP Shareholders. Furthermore, the PAP Shareholders have not entered into
 any agreement, contract, or covenant that remains in force that prevents or restricts the
 holding or transfer of the shares, including, but not limited to, any preemptive rights in
 favor of any other person or entity or restrictions on participation in the capital stock
 due to the personal status of the direct or indirect purchasers.

**12.3.5** **Non-Contravention:** (a) The execution of this Agreement and the fulfillment of the obligations by the PAP Shareholders
 hereunder, as well as the effectiveness of the Merger, does not contravene, or result in
 a violation or breach of: (i) any term or provision of any law applicable to the PAP Shareholders
 or their respective assets and properties that could result in a Material Adverse Effect;
 (ii) any term or provision of any agreement to which the PAP Shareholders are a party, which
 could result in a Material Adverse Effect, or result in the termination, cancellation, or
 acceleration (whether upon receipt of notice, or by the passage of time, or both) of any
 right or obligation of the PAP Shareholders; or (iii) any agreement, license, permit, or
 law restricting the direct or indirect transfer thereof, to which the PAP Shareholders are
 a party, nor shall they have the effect of creating or imposing any lien on any of the assets
 of the PAP Shareholders.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 33<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Likewise, there is no impediment to the execution of this Agreement and there is no preemptive right or equivalent right over the shares held by the PAP Shareholders that has not been waived on the date of execution of this Agreement and that could prevent the Merger from taking effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.3.6** **Authorizations:** Except for those authorizations, consents, waivers, or exemptions from government authorities
 and third parties that have been obtained prior to the date of execution of this Agreement,
 no authorization from any person is required for the execution or performance of this Agreement.
 This Agreement is valid and binding on the PAP Shareholders, mandatory in accordance with
 its terms, and the resolutions of the partners and/or shareholders approving the Merger of
 each of the Merged Companies are valid, binding, and effective as of the date of signing
 of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.3.7** **Acknowledgment of Absence of Other Representations and Warranties:** The PAP Shareholders acknowledge
 and agree that, except for the representations contained in this section, neither the PAP
 Shareholders nor any of their respective representatives make any representations or warranties,
 express or implied, with respect to their respective affiliates, or with respect to any other
 information provided or made available to the Merging Company or any of its affiliates or
 representatives in connection with the Merger and in the other ancillary agreements.

The Merging Company acknowledges and agrees (i) that it is not relying on any representations or warranties of the PAP Shareholders or their representatives, except for those representations and warranties specifically and expressly set forth in this section; and (ii) that the PAP Shareholders disclaim any and all representations and warranties, whether express or implied, except for the representations and warranties contained in this section.

**12.4** **Fundamental Representations and Warranties of the PAL Shareholders:** The PAL Shareholders represent,
 warrant, and guarantee to the Merging Company that the following information and representations
 are true and complete as of the date of execution of this Agreement, and acknowledge that
 this is the determining reason for the Merging Company to enter into this Agreement, and
 that no relevant information has been omitted whose disclosure could reasonably cause the
 Merging Company not to proceed with the Merger, under the terms and conditions set forth
 in this Agreement.

**12.4.1** **Existence:** In the case of PAL Shareholders other than the Trustee, each is an individual of Mexican
 nationality and of legal age, while in the case of Fideicomiso Invex, it is a multiple banking
 institution legally incorporated under the applicable laws of Mexico and authorized to act
 as a trustee under the applicable legal provisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.4.2** **Capacity:** (a) In the case of PAL Shareholders other than the Trustee, they have full capacity to
 enter into this Agreement, and is not limited in any way.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The representative of the Invex Trust has and has received sufficient instructions to enable it to enter into this Agreement and has sufficient and necessary powers to enter into this Agreement on its behalf and in its name, which powers have not been revoked or limited to date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.4.3** **Share Ownership:** PAL Shareholders are direct or indirect owners or beneficiaries of the PAL
 shares, as well as the Shares of CMA and AMP shares as identified in section 12.4.3 of the
 Disclosure Schedule (the " <u>PAL Shares</u> "), free of any encumbrance or limitation
 on ownership, and may freely dispose of them.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 34<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.4.4** **Encumbrances on the Shares:** Except as provided in the bylaws of AMP, in the AMP Shareholders Agreement
 and in the CMA Shareholders Agreement, as of the date of execution of this Agreement, there
 are no encumbrances or limitations of any kind on the PAL Shares. Furthermore, the PAL Shareholders
 have not entered into any agreement, contract, or covenant that remains in force that prevents
 or restricts the holding or transfer of the shares, including, but not limited to, any preemptive
 rights in favor of any other person or entity or restrictions on participation in the capital
 stock due to the personal status of the direct or indirect purchasers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.4.5** **No Contravention:** (a) The execution of this Agreement and the fulfillment of the obligations
 by the PAL Shareholders hereunder, as well as the effectiveness of the Merger, does not contravene,
 or result in a violation or breach of: (i) any term or provision of any law applicable to
 the PAL Shareholders or their respective assets and properties that could result in a Material
 Adverse Effect; (ii) any term or provision of any agreement to which the PAL Shareholders
 are a party, which could result in a Material Adverse Effect, or result in the termination,
 cancellation, or acceleration (whether upon receipt of notice, or by the passage of time,
 or both) of any right or obligation of the PAL Shareholders; or (iii) any contract, license,
 permit, or law restricting the direct or indirect transfer thereof, to which the PAL Shareholders
 are a party, nor shall they have the effect of creating or imposing any lien on any of the
 assets of the PAL Shareholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Furthermore, there is no impediment to the execution of this Agreement and there is no preemptive right or equivalent right over the membership interests held by PAL Shareholders that has not been waived on the date of execution of this Agreement and that could prevent the Merger from taking effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.4.6** **Authorizations:** Except for those authorizations, consents, waivers, or exemptions from government authorities
 and third parties that have been obtained prior to the date of execution of this Agreement,
 no authorization from any person is required for the execution or performance of this Agreement.
 This Agreement is valid and binding on the PAL Shareholders, mandatory in accordance with
 its terms, and the resolutions of the partners and/or shareholders approving the Merger of
 each of the Merged Companies are valid, binding, and effective as of the date of signing
 of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.4.7** **Acknowledgment of Absence of Other Representations and Warranties:** PAL Shareholders acknowledge and
 agree that, except for the representations contained in this section, neither the PAL Shareholders
 nor any of their representatives make any representation or warranty, express or implied,
 with respect to their respective affiliates, or with respect to any other information provided
 or made available to GAP or any of its affiliates or representatives in connection with the
 Merger and in the other ancillary agreements.

The Merging Company acknowledges and agrees (i) that it is not relying on any representations or warranties of the PAL Shareholders or their representatives, except for those representations and warranties specifically and expressly set forth in this section; and (ii) that the PAL Shareholders disclaim any and all representations and warranties, whether express or implied, except for the representations and warranties contained in this section.

**12.5** **Representations and Warranties with respect to PAP, PAL, CMA, and CHARTER:** Each of PAP, PAL, CMA, and
 CHARTER, individually and solely with respect only to themselves, represent, warrant, and
 covenant to the Merging Company that the following information and representations are true
 and complete as of the date of execution of this Agreement, and acknowledge that this is
 the Merging Company's material basis for entering into this Agreement. The representations
 and warranties contained in this section 12.5 and its subsections refer exclusively to the
 Merged Companies, PAP, PAL, CMA, and CHARTER, and not to AMP.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 35<br>

**12.5.1** **Incorporation and legal existence:** That each of PAP, PAL, CMA, and CHARTER is a duly incorporated company,
 with legally valid existence and in compliance with the laws of the United Mexican States,
 and have the authorizations and powers to conduct their business as they currently do, and
 section 12.5.1 of the Disclosure Schedule contains true and complete copies of the deeds
 that, in turn, contain the current bylaws (including all amendments) of each of the Merged
 Companies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.5.2** **Corporate Acts and Records:** (a) The unanimous resolutions of shareholders, minutes of shareholders'
 meetings, minutes of partners' meetings, and minutes of meetings of the Board of Directors
 or the Board of Managers, as applicable, of each of the Merged Companies are true and complete
 in all material respects as to all events and facts they purport to describe, and reflect
 in all material respects each and every one of the resolutions that needed to be adopted
 by the shareholders or partners, as well as by the Board of Directors or the Board of Managers,
 as applicable, of the Merged Companies with respect to any of the acts and events that the
 Merged Companies may have carried out in the past; and (b) the shareholder or partner registers,
 as applicable, of the Merged Companies contain the current records of the shares or partnership
 interests issued and subscribed, as well as a record of the transfers of such shares or partnership
 interests, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.5.3** **Capital Stock:** (a) The current capital stock of each of the Merged Companies is represented by
 shares or membership interests, as applicable, as described in section 12.5.3 of the Disclosure
 Schedule; (b) such shares or membership interests are the only authorized, issued, or outstanding
 capital securities and shares or membership interests of each of the Merged Companies, have
 been duly and validly authorized and issued, are fully subscribed and paid up, and are free
 of any encumbrance, and there are no subscription rights that would dilute the shareholders
 or partners of the Merged Companies, such as, without limitation, options, warrants, or subscription
 agreements with any shareholder, related party, or third-party; and (c) such shares or membership
 interests were issued in compliance with all formalities required by law and the bylaws of
 each of the Merged Companies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.5.4** **Financial Information:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The financial statements of each Merged Company attached to this Agreement in section 12.5.4 of the Disclosure Schedule: (i) reflect in all material respects the financial and accounting position of the Merged Companies as of the date of their issuance; (ii) were prepared in accordance with Mexican NIFs, or applicable accounting standards, as appropriate, applied on a consistent basis; (iii) from the date of the financial statements to the date of execution of this Agreement, no event has occurred that has materially modified or requires a material modification to the financial statements; (iv) the Merged Companies are up to date in their accounting books and records, in accordance with Mexican NIF, applied, or applicable accounting standards, on a consistent basis; (v) the value of the Merged Companies' assets has been assessed in accordance with Mexican NIF or applicable accounting standards, applied on a consistent basis; (vi) no assets have been recorded in the financial statements, books, or any accounting records of the Merged Companies in a materially incorrect or false manner, and the Merged Companies maintain a single set of accounts;

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 36<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) there is no information regarding the assets, liabilities, and operating results of the Merged Companies that is not reflected in the financial statements and that must be reflected in accordance with Mexican NIF or applicable accounting standards; (viii) there are no liabilities related to the Merged Companies that are not reflected in the financial statements; and (ix) there are no obligations with unlimited liability on the part of the Merged Companies or any of their parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Section 12.5.4 of the Disclosure Schedule contains a description of the accounting policies of the Merged Companies, and their financial statements reflect the application of those accounting policies in a materially correct, consistent, complete, and truthful manner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Merged Companies maintain internal accounting controls in order to (i) minimize any risk of presenting incorrect information in the financial statements; (ii) provide those responsible for preparing the financial statements with all relevant information necessary for the proper preparation of the financial statements in a timely manner; (iii) access to assets is permitted only in accordance with the provisions of the Merged Companies' bylaws and applicable law; and (iv) all relevant transactions are entered into in accordance with the provisions of the Merged Companies' bylaws and applicable law and recorded in the appropriate period in accordance with Mexican NIFs or applicable accounting standards, as appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.5.5** **Balance Sheet:** The balance sheet of each of the Merged Companies attached to this Agreement as **Annex " <u>1</u> "** (i) reflects in all material respects the financial and
 accounting situation of each Merged Company as of the date of its issuance; (ii) was prepared
 in accordance with the NIF applied on a consistent basis; and (iii) from the date of the
 balance sheet to the date of signing this Agreement, no event has occurred that has materially
 changed or requires a material change to the balance sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.5.6** **Liabilities:** Except for the liabilities reflected in the financial statements of the Merged Companies,
 the Merged Companies have not incurred any financial liabilities, bank loans, or any other
 liabilities, nor have they granted any guarantees, sureties, or endorsements in favor of
 third parties or related parties related to the Merged Companies. All liabilities related
 to the Merged Companies arise from operations carried out in the ordinary course of business
 of the Merged Companies. There are no liabilities related to the Merged Companies, except
 for those reflected in section 12.5.6. of the Disclosure Schedule. To the best of their knowledge,
 there is no basis for imposing any liability or obligation of any nature on the Merged Companies
 other than those described in section 12.5.6 of the Disclosure Schedule.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.5.7** **Absence of Certain Changes, Events, or Conditions:** Except for the events noted in the financial
 statements of each Merged Company, since January 1, 2025, there has been no occurrence, existence,
 or conclusion, with respect to or in relation to each Merged Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the termination, modification, rescission, or waiver of any rights under any relevant agreement. Attached to this Agreement as part of section 12.5.7 of the Disclosure Schedule is a list containing all relevant agreements entered into by each Merged Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the granting of options, warrants, or any other right to purchase or obtain (upon conversion, exchange, or exercise) rights with respect to each Merged Company;

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 37<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) changes in accounting or tax policies, or any relevant changes in cash management or policies and procedures regarding the collection of accounts receivable, creation of reserves or provisions for uncollectible accounts, calculation of accounts receivable, inventory control, prepayment of expenses, payment of accounts receivable, calculation of other expenses, deferral of revenue, and acceptance of customer deposits;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) disposal, transfer, assignment, distribution, lease, or any other disposition of, or encumbrance on, assets and property outside the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) transfer, assignment, or granting of any license and permit or sublicense of any right with respect to, or in connection with, each Merged Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) granting any real or personal guarantees to secure the obligations of each Merged Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) development of a new line of business or abandonment or discontinuation of the current line of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) except for the Merger that is the subject of this Agreement, adoption of any plan of merger, consolidation, reorganization, dissolution, liquidation, or filing of a petition for a declaration or voluntary commencement of bankruptcy proceedings under any provision of applicable law, or consenting to or acquiescing in the filing of a petition or commencement of bankruptcy proceedings against it based on applicable law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) any liability that may have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) except for the liabilities recorded in the financial statements forming part of the Representation and Warranty Statement and the balance sheet in **Annex "<u>1</u>",** the incurrence of any other liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) except for those recorded in the financial statements, any loan or credit granted, other than accounts receivable generated in the ordinary course of business of each Merged Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) transactions with related parties, except for those transactions recorded in the financial statements and within the ordinary course of business of each Merged Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) acquisition, whether by merger or consolidation with, or by the purchase of a substantial portion of the assets or shares of, or in any other manner, of any business, person, or division thereof; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) except as disclosed in section 12.5.7 of the Disclosure Document, any agreement with any tax authority for the purpose of reaching conclusive agreements on tax matters, or any similar agreement to cancel all or part of tax credits determined for tax omissions, adjustments, fines, and surcharges.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.5.8** **Taxes:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except as described in section 12.5.8 of the Disclosure Schedule, the Merged Companies are up to date with all their material tax obligations, whether federal, state, or municipal, in accordance with applicable tax laws (considering all applicable and valid extensions for the filing of tax returns, payment of taxes, or compliance with other tax obligations).

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 38<br>

All material tax returns that the Merged Companies have been required to file have been filed with the relevant tax authorities (taking into account all applicable and valid extensions for such purpose). All material tax returns have been filed with information that is complete, true, and correct in all material respects. With respect to the Merged Companies, all material taxes that have accrued and should have been paid have been paid in a timely and proper manner or have been properly reserved in the financial statements. All material taxes whose accrual and payment have been claimed by the tax authorities have been or will be paid when they become due or there is an accounting entry to provision for such amounts in the financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Except as described in section 12.5.8 of the Disclosure Schedule, (i) none of the tax returns (for fiscal years for which the tax authority's powers have not expired) has been subject to actions and proceedings by any tax authority; (ii) no tax credits, outstanding deficiencies, claims, or any other contingencies or matters have been determined, and no written determinations have been made as a result of any action or proceeding on a tax return filed by a tax authority that remains open and under review; and (iii) there are no extensions or waivers of limitation periods with respect to taxes that remain in effect (except for ordinary extensions to file tax returns).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) There are no liens arising from taxes or any other cause affecting the assets ,properties and other goods of the Merged Companies, except for liens or other encumbrances for (i) taxes not yet due and payable, and (ii) taxes that are being challenged in good faith through the appropriate procedures and for which sufficient reserves have been established.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) All material taxes (with respect to fiscal years in which the tax authorities' power of review has not expired) that the Merged Companies are required to transfer and withhold in accordance with the law in their capacity as taxpayers and withholding agents, respectively, have been duly transferred, withheld, and duly and timely credited, paid, and remitted to the corresponding tax authority to the extent that they have been owed, and the Merged Companies have the necessary documentation to prove that the taxes they have transferred and withheld have been paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Except as described in section 12.5.8 of the Disclosure Schedule, the Merged Companies have not filed any tax-related claims with tax authorities, including, but not limited to, a confirmation of criteria or a request to pay in installments the tax debts they have incurred.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) There are no contributions not recorded in the financial statements for which the Merging Company may be considered jointly and severally liable, in accordance with the provisions of section IV of article 26 of the Mexican Federal Tax Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Merged Companies have not made payments to companies that issue or have issued receipts without having the assets, personnel, infrastructure, or material capacity to provide the services or produce, market, or deliver goods related to their corporate purpose in accordance with applicable Mexican law, nor any external supplier that has issued digital tax receipts over the internet to the Merged Companies, are mentioned in the list provided under Article 69-B of the Mexican Federal Tax Code. All transactions carried out by the Merged Companies have been for purposes related to the corporate purpose and business of the Merged Companies. No digital tax receipt issued by, or in favor of, the Merged Companies have been assessed by the tax authorities as falling within the scope of Article 69-B of the Mexican Federal Tax Code, and those receipts support actual, bona fide, and existing transactions.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 39<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The Merged Companies have not obtained and do not obtain income subject to a preferential tax regime through foreign entities or legal entities in which they participate indirectly or directly, except as described in section 12.5.8 of the Disclosure Schedule, except in the case of entities that are transparent for tax purposes in the jurisdictions in which they were incorporated (including, among others, Canadian limited partnerships and U.S. limited liability companies that have not opted to be classified as corporations for U.S. federal tax purposes).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Merged Companies are not required to file any tax returns in any jurisdiction other than Mexico and are not residents for tax purposes in any jurisdiction other than Mexico. For clarity, this statement does not include subsidiaries of the Merged Companies that are tax residents in the United States of America.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) The Merged Companies have complied with all material requirements under the Income Tax Law and its regulations and any other applicable law (with respect to fiscal years in which the tax authorities' power of review has not expired) in relation to the withholding of taxes from employees, service providers, or any other person, and have remitted all material amounts withheld to the relevant authorities within the prescribed time limits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) The Merged Companies do not owe any material amount to the tax authorities for expired withholding taxes or for any additional charges that may have been generated as a result of the tax withholdings they made, except for those for which there is still a deadline for payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) There are no decrees or provisions issued by any tax authority in any proceeding affecting the Merged Companies that represent a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Except as described in section 12.5.8 of the Disclosure Schedule, the government tax authorities have not determined a material tax credit related to the Merged Companies in respect of taxes payable by them (for tax years in which the tax authorities' power of review has not expired) that has not been duly covered or for which adequate reserves have not been established.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) The agreements to which the Merged Companies are party have resulted and will result in the tax implications or taxable events established therein and for them in accordance with their respective agreed nature and have not been and should not be subject to any recharacterization under applicable tax laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) The Merged Companies have not designed, organized, implemented, or administered any agreement or transaction that could be considered a reportable scheme in accordance with the applicable provisions established in the Mexican Federal Tax Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) The Merged Companies have complied in all material respects with all the requirements of the tax incentives that, where applicable, they have applied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) The Merged Companies have not participated in (i) any transaction or series of transactions that do not have a commercial purpose or that may be considered to be in violation of the general rule against tax evasion established in Article 5-A of the Mexican Federal Tax Code, and (ii) any transaction that may be considered a simulated contract pursuant to Article 42-B of the Mexican Federal Tax Code. Likewise, it is noted that, in accordance with Article 5-A of the Mexican Federal Tax Code, the proposed merger is based on an objective and verifiable business reason, with the aim of optimizing the current capital structure and corporate governance, allowing for permanent savings in administrative and compliance costs, as well as a simplification of the corporate structure.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 40<br>

Notwithstanding any provision to the contrary in this Agreement: (i) none of the Merged Companies makes any representation or warranty with respect to the amount, value, or usefulness of any asset or tax attribute of any of the Merged Companies (including, without limitation, net operating losses or net operating surpluses, tax base, or tax credits), or to the limitations thereof, including, among others, the ability of the Merging Company or any of its affiliates to use such tax assets or attributes after date of the Merger; and (ii) the representations in this section 12.5.8 shall be the only representations of the Merging Parties in this Agreement with respect to tax matters.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) The Merged Companies retain all accounting books and corporate books required by applicable law to support and substantiate any tax or accounting position, filing, or claim made by them with respect to taxes, including, without limitation, any authorized business expenses deducted for tax purposes. The accounting books, systems, and records, accounts, and inventory control of the Merged Companies reflect, in reasonable detail, the operations, assets, and liabilities of the Merged Companies and comply with the requirements established in applicable Laws and accounting principles.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) The tax attributes have been calculated in accordance with the Mexican Income Tax Act and other applicable provisions, and the Merged Companies have the evidence and documentation required to support such tax attributes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.5.9** **Proceedings:** (i) There are no pending actions or proceedings, nor to the best of its knowledge any
 threatened or imminent actions or proceedings, in relation to the Merged Companies, nor has
 any summons or notice been received to initiate any action or proceeding; (ii) none of the
 assets and properties are attached or subject to any action or proceeding or encumbrance;
 (iii) there are no actions or proceedings, nor to the best of their knowledge any threat
 of actions or proceedings that could challenge the validity of this Agreement or prevent,
 delay, invalidate, or interfere with the completion of the transaction. None of the assets
 and properties are subject to judgments, awards, orders, agreements, or resolutions of any
 nature from any government authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.5.10** **Related party relationships:** (a) Section 12.5.10 of the Disclosure Document contains a list of
 all agreements, contracts, or arrangements of any nature and form with related parties of
 each of the Merged Companies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Except as stated in section 12.5.10 of the Disclosure Schedule, neither the Merged Companies nor their respective related parties have entered into (i) credit or loan agreements related to the Merged Companies; (ii) service agreements of any kind; (iii) lease agreements; or (iv) asset purchase agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.5.11** **Bank Accounts:** Section 12.5.11 of the Disclosure Schedule contains a complete list showing
 the name of each financial institution in which there is, in relation to the Merged Companies,
 an account, contract, or safe deposit box, the number and nature of each of such accounts,
 contracts, or safe deposit boxes, and the names of all persons authorized to draw on them,
 give instructions to them, or access them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.5.12** **Powers of Attorney:** Section 12.5.12 of the Disclosure Schedule contains a list of all general
 and special powers of attorney in force that the Merged Entities have granted as of the date
 hereof, and said section 12.5.12 clearly indicates: (i) the date of grant of the power of
 attorney in question, (ii) the powers granted by virtue of the aforementioned power of attorney,
 and (iii) the details of the registration of the power of attorney in question in public
 commercial register.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 41<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.5.13** **Labor:** (a) As of the date of execution of this Agreement, the Merged Companies are in compliance
 with all their labor and social security obligations and have not caused any violation of
 the applicable laws in this area.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Section 12.5.13 of the Disclosure Schedule contains a list of all monthly payroll expenses for each of the Merged Companies, including details of the number of employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Merged Companies have complied with their applicable obligations relating to Social Security, the National Workers' Housing Fund Institute, the Retirement Savings System, and other applicable taxes relating to labor-management relations with respect to each of their employees, and there are no amounts owed and unpaid by the Merged Companies or Subcontractors under any applicable law, including taxes withheld under applicable law with respect to such employees. All contributions, premiums, and employer or employee expenses required by applicable law or contract, agreement, or labor agreement with respect to the employees of the Merged Companies or the Subcontractors, as applicable, have been paid on time, or if not yet due, have been set aside.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.5.14** **Acknowledgment of Absence of Other Representations and Warranties** Each Merged Company acknowledges and
 agrees that, except for the representations contained in this section, neither the Merged
 Companies nor any of their respective affiliates, representatives, or any other person makes
 any representation or warranty, express or implied, with respect to their respective subsidiaries,
 or with respect to any other information provided or made available to the Merging Company
 or any of its affiliates or representatives in connection with the Merger and the other Side
 Agreements.

The Merging Company acknowledges and agrees (i) that it is not relying on any representations or warranties of the Merged Parties or their representatives, except for those representations and warranties specifically and expressly set forth in this section; and (ii) that the Merged Companies and their respective subsidiaries disclaim any and all representations and warranties, whether express or implied, except for the representations and warranties contained in this section.

**12.6** **Fundamental Representations and Warranties of AENA:** AENA represents, warrants, and guarantees to
 the Merging Company that the following information and representations are true and complete
 as of the date of execution of this Agreement, except in those cases where they establish
 a different date and acknowledges that this is the Merging Company's determining reason
 for entering into this Agreement.

**12.6.1** **Existence:** It is a company incorporated under the laws of Spain.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.6.2** **Capacity:** Its representative has all the powers necessary and sufficient to appear at the execution
 of this Agreement, which powers have not been revoked or limited in any way.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.6.3** **Shareholding:** AENA is the owner and beneficiary of 747,800,000 shares of AMP, free of any encumbrance
 or limitation of ownership, and may freely dispose of the shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.6.4** **Encumbrances on Shares:** As of the date of signing this Agreement, there are no encumbrances or limitations
 of any kind on the shares held by the shareholder. Furthermore, AENA has not entered into
 any agreement, contract, or covenant that remains in force that prevents or restricts the
 holding or transfer of the shares, including, but not limited to, any preemptive rights in
 favor of any other person or entity or restrictions on participation in the capital stock
 due to the personal status of the direct or indirect purchasers.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 42<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.6.5** **No Contravention:** (a) The execution of this Agreement and the fulfillment of AENA's
 obligations hereunder, as well as the effectiveness of the Merger, does not contravene, or
 result in a violation or breach of: (i) any term, condition, or provision of the bylaws,
 articles of incorporation, and resolutions adopted by AENA's corporate bodies; (ii)
 any term or provision of any law applicable to AMP or its respective assets and properties
 that could result in a Material Adverse Effect; (iii) any term or provision of any agreement
 to which AENA is a party that could result in a Material Adverse Effect, or result in the
 termination, cancellation, or acceleration (whether upon receipt of notice, or by the passage
 of time, or both) of any right or obligation of AENA; or (iv) any contract, license, permit,
 or law restricting the direct or indirect transfer thereof, to which AENA is a party, nor
 shall they have the effect of creating or imposing any encumbrance on any of AENA's
 assets; and (b) there is no impediment to the execution of this Agreement and there is no
 preemptive right or equivalent right over AENA's shares that has not been waived on
 the date hereof and that could prevent the Merger from taking effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.6.6** **Corporate Authorizations:** AENA's participation in this Agreement has been approved by all
 necessary corporate bodies, shareholders, and any other non-governmental person or entity
 required to give its consent to carry out the Merger.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.6.7** **Third-Party Authorizations:** Except for those authorizations, consents, waivers, or exemptions from
 government authorities and third parties that have been obtained prior to the date hereof,
 no authorization from any person is required for the execution or performance of this Agreement.
 This Agreement is valid and binding on AENA, mandatory under its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.6.8** **Acknowledgment of Absence of Other Representations and Warranties**. AENA acknowledges and agrees that,
 except for the representations contained in this section, neither AENA nor its representatives
 make any representations or warranties, express or implied, with respect to AENA or its respective
 affiliates, or with respect to any other information provided or made available to the Merging
 Company or any of its affiliates or representatives in connection with the Merger and the
 other ancillary agreements.

The Merging Company acknowledges and agrees (i) that it is not relying on any representations or warranties of AENA, except for those representations and warranties specifically and expressly set forth in this section; and (ii) that AENA disclaims any and all representations and warranties, whether express or implied, except for the representations and warranties contained in this section.

**12.7** **Representations and Warranties of the Merging Company:** The Merging Company represents, warrants, and
 covenants to AENA, the PAL Shareholders, and the PAP Shareholders that the following information
 and representations are true and complete as of this date, and acknowledges that this is
 the determining reason for the shareholders of the Merged Companies to enter into this Agreement,
 and that no information has been omitted whose disclosure could reasonably cause Aena, the
 PAL Shareholders, and the PAP Shareholders not to proceed with the Merger, under the terms
 and conditions set forth in this Agreement: **12.7.1 Capacity:** Its representative has sufficient legal capacity and powers to enter into this Agreement **.** 

**12.7.1** **Capacity:** Its representative has sufficient legal capacity and powers to enter into this Agreement.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 43<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.2** **Incorporation and legal existence:** The Merging Company is a duly incorporated publicly traded corporation,
 with legally valid existence and in compliance with the laws of the United Mexican States,
 and has the authorization and powers to conduct its business as it currently does in accordance
 with what has been included and disclosed in the annual report for the year ended December
 31, 2024, filing by the Merging Company with the National Banking and Securities Commission,
 Form 20-F for the fiscal year ended December 31, 2024, filed by the Merging Company with
 the Securities and Exchange Commission of the United States of America, and the quarterly
 reports and material events published by the Merging Company between the publication of its
 annual report for the fiscal year ended December 31, 2024, and the date hereof (the " <u>Disclosure Documents</u> "), all of which are available on the Merging Company's website
 and on the Mexican Stock Exchange's website.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.3** **Corporate Acts and Records:** (a) The unanimous resolutions of shareholders, unanimous resolutions
 of shareholders, minutes of shareholders' meetings, and minutes of meetings of the
 Board of Directors of the Merging Company are true and complete as of the date hereof in
 all respects as to the events and facts they purport to record, and accurately reflect each
 and every one of the agreements that needed to be adopted by the shareholders and the Board
 of Directors of the Merging Company with respect to any of the acts and events that the Merging
 Company may have carried out in the past. (b) The Merging Company's shareholder register
 books contain the current records of the shares issued and subscribed, as well as a complete
 record of the transfers of such shares, and have, in the supporting documents of the Merging
 Company's secretary, including, to the extent required, endorsements of titles, tax
 rulings, proof of tax payments, and other documents required by Article 26, Section XI of
 the Mexican Federal Tax Code in order to avoid joint and several liability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.4** **Capital Stock:** (a) The current capital stock of the Merging Company is composed as indicated
 in the Disclosure Documents; and (b) said shares were issued in compliance with all formalities
 required by law and the Merging Company's bylaws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.5** **Encumbrances on Shares:** There are no encumbrances or limitations of any kind on the shares of the
 Merging Company issued and delivered to Aena, the PAP Shareholders, and the PAL Shareholders
 in connection with the Merger.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.6** **No Contravention:** The execution of this Agreement and the fulfillment of the obligations
 by the Merging Company hereunder, as well as the effectiveness of the Merger, does not contravene,
 or result in a violation or breach of: (i) any term, condition, or provision of its bylaws,
 articles of incorporation, and resolutions adopted by its corporate bodies; (ii) any term
 or provision of any law applicable to the Merging Company or its respective assets and properties
 that could result in a Material Adverse Effect; (iii) any term or provision of any contract
 to which the Merging Company is a party that could result in a Material Adverse Effect, or
 result in the termination, cancellation, or acceleration (whether upon receipt of notice,
 or by the passage of time, or both) of any right or obligation of the Merging Company; or
 (iv) any contract, license, permit, or law restricting the direct or indirect transfer thereof,
 to which the Merging Company is a party, nor shall they have the effect of creating or imposing
 any lien on any of the assets of the Merging Company. There is no impediment to the execution
 of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.7** **Corporate Authorizations:** The Merging Company's participation in this Agreement has been
 approved by all necessary corporate bodies of the Merging Company and the extraordinary general
 meeting of shareholders of the Merging Company, and any other non-governmental person or
 entity required to give its consent for the validity of the Merger, unless its failure to
 do so does not result in a Material Adverse Effect.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 44<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.8** **Government Authorizations:** (i) The obligations imposed and the actions necessary to maintain in
 force the licenses, permits, or any other type of authorizations necessary for the provision
 of services have been complied with and exercised, as the Merging Company has been doing
 in the ordinary course of its business and in accordance with its corporate purpose; (ii)
 all licenses, permits, or government authorizations for the rendering of the services that
 it predominantly renders as of the date hereof were granted to the Merging Company in accordance
 with applicable laws as set forth in the Disclosure Documents; (iii) all authorizations and
 permits for the rendering of the services that it predominantly renders as of the date hereof
 are in force and are owned by the Merging Company; and (iv) there is no notice of any lien
 or proceeding of any kind to cancel, modify, or condition the permits, licenses, or authorizations
 issued by any government entity in favor of the Merging Company in accordance with the Disclosure
 Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.9** **Financial Information:** Except as disclosed in the Disclosure Documents, there is no material information
 regarding the financial statements, accounting books, accounting policies, and internal accounting
 controls of the Merging Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.10** **Balance Sheet:** The balance sheet of the Merging Company attached hereto as **Annex " <u>1</u> "** (i) reflects a true, complete, and accurate picture of the financial and accounting situation
 of the Merging Company as of the date of its issuance; (ii) was prepared in accordance with
 International Financial Reporting Standards (IFRS) applied on a consistent basis; and (iii)
 from the date of the balance sheet to the date hereof, no material change has occurred that
 has modified or requires modification of the balance sheet in any way.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.11** **Liabilities:** Except as disclosed in the Disclosure Documents, there is no material information regarding
 the liabilities of the Merging Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.12** **Absence of Certain Changes, Events, or Conditions:** Except as disclosed in the Disclosure Documents,
 no Material Adverse Effect has occurred, existed, or been entered into with respect to or
 in connection with the Merging Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.13** **Taxes:** Except as disclosed in the Disclosure Documents, there is no material information regarding
 the Merging Company's tax obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.14** **Proceedings:** Except as disclosed in the Disclosure Documents, there is no material information regarding
 any pending or threatened action or proceeding, or any imminent action or proceeding, relating
 to the Merging Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.15** **Relationships with Related Parties:** Except as disclosed in the Disclosure Documents, there is no material
 information regarding agreements, contracts, or arrangements of any nature or form with related
 parties of the Merging Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.16** **Labor:** Except as disclosed in the Disclosure Documents, there is no material information regarding
 the Merging Company's labor obligations, employment contracts, payroll, and labor procedures
 that could reasonably cause a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.17** **Real Estate and Leases:** Except as disclosed in the Disclosure Documents, there is no material
 information regarding the Merging Company's real estate holdings, leases, subleases,
 easements, and usage agreements.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 45<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.18** **Systems:** Except as disclosed in the Disclosure Documents, there is no material information regarding
 the operating, financial, accounting, or any other systems by virtue of which the Merging
 Company conducts and operates its business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.19** **Assets:** Except as disclosed in the Disclosure Documents, there is no material information regarding
 the assets and properties of the Merging Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.20** **Material Contracts:** Except as disclosed in the Disclosure Documents, there is no material information
 regarding the Merging Company's material contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.21** **Insurance:** Except as disclosed in the Disclosure Documents, there is no material information regarding
 the Merging Company's insurance policies of any kind.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.22** **Validity of the Agreement and Closing Documentation:** No authorization from any person is required
 for the execution or performance of this Agreement or any other closing document. The Agreement
 and the closing documents are valid and binding between the respective parties and are enforceable
 in accordance with their respective terms. The corporate resolutions adopted by the Merging
 Company regarding the authorization to enter into and execute this Agreement and the closing
 documents, as applicable, have been validly adopted and have not been modified, limited,
 or revoked in any way.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.23** **Anti-Corruption Provisions:** The Merging Company, as well as its administrators, officers, and directors,
 have not violated any laws relating to anti-corruption practices, provisions to prevent and
 detect transactions involving funds of illicit origin or terrorist financing, nor have they
 violated any related civil or criminal provisions. In this regard, they declare that no investigation
 or proceedings have been initiated against them or the aforementioned persons by any competent
 authority, nor have they been charged with violating the aforementioned provisions in Mexico
 or abroad.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.24** **Third-Party Authorizations:** Except for those authorizations, consents, waivers, or exemptions from
 government authorities, third parties, and the corporate bodies of the Merging Company that
 have been obtained prior to the date hereof, no authorization from any person is required
 for the execution or performance of this Agreement. This Agreement is valid and binding on
 the shareholders of the Merging Company and is binding in accordance with its terms. The
 corporate resolutions adopted by the Merging Company regarding the authorization to enter
 into and execute this Agreement and the closing documents, as applicable, have been validly
 adopted and have not been modified, limited, or revoked in any way.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.25** **Material Adverse Effect:** Except as disclosed in the Disclosure Documents, there is no material
 information regarding any event, fact, circumstance, change, effect, occurrence, or event
 of the Merging Company that, considered as a whole, has had or may constitute a Material
 Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.26** **Solvency:** The Merging Company is not (i) in any process or assumption of dissolution, liquidation,
 or bankruptcy, (ii) has not received any summons or notification regarding any proceedings
 initiated by any creditor tending toward the dissolution, liquidation, or bankruptcy of the
 Merging Company, nor (iii) has initiated or is about to initiate any proceedings for its
 dissolution, liquidation, or bankruptcy.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 46<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.27** **Accounts Receivable:** Except as disclosed in the Disclosure Documents, there is no material information
 regarding the Merging Company's accounts receivable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.28** **Compliance with Laws:** Except as disclosed in the Disclosure Documents, the Merging Company is in
 material compliance with the rules, laws, regulations, orders, decrees, judgments, official
 letters, circulars, treaties, regulations, rules, official Mexican standards, and any other
 regulations issued by any governmental authority that are applicable to the Merging Company
 in conducting its business and operations, except for those non-compliances that have not
 resulted in, or reasonably are not expected to result in, a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7.29** **Acknowledgment of Absence of Other Representations and Warranties**. The Merging Company acknowledges
 and agrees that (i) none of the statements, representations, and declarations made by the
 Merging Company in this Agreement and its Annexes contain false, inaccurate, or incorrect
 information or omit any facts relevant to making them correct; and (ii) except for the representations
 contained in this section, neither GAP nor any of its respective affiliates, representatives,
 or any other person makes any representation or warranty, express or implied, with respect
 to GAP or its respective affiliates, or with respect to any other information provided or
 made available to the Merging Parties or any of their affiliates or representatives in connection
 with the Merger and the other ancillary agreements.

The Merged Companies acknowledge and agree (i) that they are not relying on any representations or warranties of the Merging Company, its affiliates, representatives, or any other person, except for those representations and warranties specifically and expressly set forth in this section; and (ii) that the Merged Companies and their respective affiliates disclaim any and all representations and warranties, whether express or implied, except for the representations and warranties contained in this section.

Except for the representations expressly contained in this Agreement and its respective annexes, the Merging Company has no knowledge of, and does not assume any knowledge of, any fact or act, independent of any prior due diligence efforts and/or interactions with the other parties thereto. For purposes of this section, Disclosure Document means the public information available on the Merging Company on the corresponding date through the stock exchanges where its shares are traded.

**THIRTEENTH Deliverables.** The Merged Companies and their shareholders, as applicable, deliver to the Merging Company the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. Where
 applicable, the share certificates and/or participation certificates representing the entire
 capital stock of the Merged Companies, free of any encumbrance or limitation of any kind,
 duly canceled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;II. The
 minutes books of shareholders' meetings, board of directors' meetings, capital
 variations, and share registry, from their incorporation until the date hereof, of each of
 the Merged Companies, in the latter case containing the corresponding entry, duly signed
 and certified by the secretary of the board of directors of each of the Merged Companies
 and their subsidiaries, if any, stating that the company merged as a merged company and that
 it is extinguished, with the Merging Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;III. All
 public deeds executed by the Merged Companies over the last ten (10) years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IV. The
 records and books that must be kept in accordance with commercial, accounting, and tax laws,
 provisions, regulations, and principles, including, without limitation, the journal, ledger,
 inventory and balance sheet, and working papers for the last five (5) years.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 47<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;V. The
 information, documents, invoices, working papers, records, acknowledgments, and tax returns
 related to the fulfillment of the obligations of the Merged Companies for the last five (5)
 years.

**FOURTEENTH. Additional Obligations:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. **Additional Acts.** The Parties to this Agreement shall perform, and cause to be performed and delivered,
 all additional acts, transfers, instruments, and documents, and undertake to take and cause
 to be taken all additional measures that are reasonably necessary or convenient to consummate
 and give full effect, validity, and effectiveness to the Merger, the provisions of this Agreement
 and the documents to be delivered hereunder, including without limitation: (i) the timely
 preparation, execution, filing, delivery, and compliance with all documents, notices, notifications,
 applications, declarations, delivery of information, and other documents, instruments, and
 updates thereof to the Parties to this Agreement, third parties, and government authorities
 in Mexico and abroad; (ii) taking all actions that are reasonably necessary or convenient
 to give effect to the provisions and purposes of this Agreement and its annexes; (iii) causing
 the fulfillment, at the earliest possible date, of all conditions of their respective obligations
 to consummate the agreements contemplated in this Agreement and consummate the Merger (which,
 for the avoidance of doubt, shall not require the other Parties to waive such conditions);
 and (iv) take all other actions that are necessary or convenient to obtain the required permits
 and other authorizations, approvals, concessions, waivers, exemptions, and consents from
 third parties and government authorities in Mexico and abroad. Each Party undertakes to notify
 the other Parties in writing, as soon as possible, of any event or condition that could cause
 any of the representations or warranties of such Party contained in this Agreement to be
 untrue or inaccurate in any material respect, as well as of any breach by any of the Parties
 of its obligations under this Agreement, it being understood that the delivery of such notification
 shall not modify the representations and warranties or liability or obligations contained
 in this Agreement nor shall it be considered a waiver by the Parties of any indemnification
 or remedy to which they may be entitled under this Agreement or applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;II. **Tax Matters**. Without limiting the generality of subsection I above, at the request of the
 Merging Company, the shareholders of the Merged Companies shall provide the Merging Company
 with the information, records, and documents related to taxes or the potential liability
 of the Merged Companies for taxes that the Merging Company reasonably requests for the tax
 periods not subject to the statute of limitations or part thereof that end before or on the
 date hereof. The shareholders of the Merged Companies shall retain such information, records,
 and documents for up to ninety (90) days following the expiration of the applicable statute
 of limitations.

The parties agree that the Merging Company shall not, and shall not permit its affiliates, without the prior written consent of the shareholders of the Merged Companies, (i) amend any tax return of any Merged Company or any entity that is directly or indirectly wholly or partially owned by any Merged Company (including, without limitation, OTAY and each of the OTAY Subsidiaries, Charter CBX Holdings LP, LCA US Holdings Corp., and Palaereo, Inc.) during the fiscal year or portion thereof ending on or prior to the date hereof, (ii) enter into any voluntary disclosure agreement or initiate any discussions or audits with any tax authority in connection with the taxes of any Merged Company or subsidiary for any fiscal year or portion thereof ending on or prior to the date hereof,

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 48<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) file any tax return of any Merged Company or subsidiary in any jurisdiction if the Merged Entity or subsidiary did not file a comparable tax return that included similar tax items in such jurisdictions in the immediately preceding fiscal period, or (iv) take or refrain from take any other action, in each case, if any of the foregoing situations could give rise to any liability of any Merged Company or subsidiary for periods ending on or prior to the date hereof, or could result in the direct or indirect shareholders of the Merged Companies being liable for any amount to any tax authority or under this Agreement.

The Merging Company and its subsidiaries shall not cause or permit, directly or indirectly, Charter CBX Holdings LP or any of its subsidiaries to be dissolved, liquidated, closed, terminated, suspended, merged, or changed in legal form within two (2) years following the date hereof. The Merging Company and its affiliates shall take all necessary measures to prevent any dissolution, liquidation, closure, termination, discontinuation, merger, or change in the legal form of Charter CBX Holdings LP or any other company or trust owned by PAL during such period. Furthermore, the Merging Company and its affiliates shall not cause or permit, directly or indirectly, Charter CBX Holdings LP or any partnership or trust owned by PAL to file an election on U.S. tax authority Form 8832 (IRS Form 8832) or take any other action, or fail to take any action, that would cause Charter CBX Holdings LP or such companies or trusts to be classified as a partnership or entity not treated as such with effect for the two years following the date hereof, and shall take all necessary steps to prevent such filing, action, or inaction.

The parties agree that the filing of the final tax returns for the Merged Companies shall be the responsibility of the parties, and the shareholders of the Merged Companies shall participate in their preparation, content, and filing with the competent tax authorities, with the understanding that the shareholders of the relevant Merged Company shall allow the Merging Company to prepare or review and provide reasonable comments on such returns prior to their filing, provided that such comments are delivered in a timely manner and do not interfere with the applicable legal deadlines. Notwithstanding the foregoing, the shareholders of the Merged Companies shall have the final say on the content of such returns, unless they are necessary to comply with current tax legislation or to avoid significant contingencies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;III. **Lock-up period.** During the period between the date in which the Merger is approved by
 the extraordinary general shareholder meeting of the Merging Company, and
 the date that occurs 365 (three hundred and sixty-five) calendar days from said approval
 date (the " <u>Restricted Period</u> "), AENA, the PAP Shareholders , and the PAL Shareholders may not offer, sell, agree to sell,
 or otherwise dispose of or transfer, or publicly disclose their intention to offer, sell,
 encumber, or dispose of, or enter into any transaction, swap, hedge, or similar transaction
 with respect to the 187,160,631 shares issued by the Merging Company and delivered to AENA,
 the PAP Shareholders, and PAL Shareholders, pursuant to the Merger, or any other agreement
 with respect to such shares, any security of the Merging Company that is similar to the shares
 issued by the Merging Company, including, without limitation, any security that is convertible
 into, or exchangeable for, or that represents the right to receive shares issued by the Merging
 Company or any other similar security of the Merging Company, without the express prior written
 consent of the Merging Company, <u>except</u> for two portions each equivalent to 25% (twenty-five
 percent) of such shares, which may be disposed of during the Restricted Period.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 49<br>

The first portion of 25% (twenty-five percent) of shares may be offered for sale and/or disposed of after a period of 90 (ninety) calendar days within the Restricted Period, and the second portion of 25% (twenty-five percent) of the shares may be offered for sale and/or disposed of once a period of 180 (one hundred and eighty) calendar days has elapsed within the Restricted Period. Any offer for sale and/or disposal of the shares issued by the Merging Company must be made through subsequent registered public offerings or sales of registered blocks in Mexico or the United States of America that comply with current securities regulations in coordination with GAP as the issuer. The Parties acknowledge and agree that the foregoing modifies, supersedes, and renders null and void any other preparatory agreement or term sheet, or transitional agreement, to this Agreement, which the Parties have previously entered into, relating to the restriction on offering, selling, committing to sell or otherwise disposing of or transferring, or publicly disclosing their intention to offer, sell, encumber or dispose of, or to enter into any transaction, swap, hedge or similar transactions with respect to the aforementioned shares, issued by the Merging Company and delivered to AENA, the PAP Shareholders, and the PAL Shareholders, pursuant to the Merger, so that in the event of any inconsistency between the aforementioned preparatory or transitional agreements and this Merger Agreement, the provisions of this section of this Agreement shall prevail.

**FIFTEENTH. Indemnification:**

**15.1** **Obligation to Indemnify:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) AENA undertakes, during the periods provided for in this Agreement <u>and in accordance with the limits and other provisions contained in this section</u>, to hold harmless and indemnify the Merging Company and its respective directors, officers, employees, and agents (the "<u>Indemnified Persons of the Merging Company</u>") from and against any loss by such persons arising out of or resulting from (without duplication) any breach of the obligations assumed in this Agreement for which they are responsible and any breach or lack of truthfulness or accuracy of the statements contained in sections 12.1 and 12.6 and all their subsections of section twelve, as modified or limited, where applicable, by the provisions of the Disclosure Schedule of this Agreement, during the periods provided for in and in accordance with the limits and other provisions contained in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The PAP Shareholders jointly and severally undertake (only among said PAP Shareholders, but not with respect to other shareholders of the Merged Companies), during the periods set forth in this Agreement <u>and in accordance with the limits and other provisions contained in this section</u>, to hold harmless and indemnify the Indemnified Persons of the Merging Company from and against any loss by such persons arising out of or resulting from (without duplication) any breach of the obligations assumed in this Agreement for which they are responsible and any breach or lack of truthfulness or accuracy of the statements contained in paragraphs 12.1, 12.2, 12.3, and 12.5 (except for the representations and warrants that correspond to PAL) and all their subparagraphs of section twelve, regardless of the entity that granted them, as modified or limited, where applicable, by the provisions of the Disclosure Schedule of this Agreement, during the periods provided for in and in accordance with the limits and other provisions contained in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The PAL Shareholders jointly and severally undertake (only among said PAL Shareholders, but not with respect to other shareholders of the Merged Companies), during the periods provided for in this Agreement <u>and in accordance with the limits and other provisions contained in this section</u>, to hold harmless and indemnify the Indemnified Persons of the Merging Company from and against any loss by such persons arising out of or resulting from (without duplication) any breach of the obligations undertaken in this Agreement for which they are responsible;

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 50<br>

any breach or lack of truthfulness or accuracy of the representations contained in paragraphs 12.1, 12.2, 12.4, and 12.5 (except for the representations and warrants that correspond to PAP and Charter) and all their subparagraphs of section twelve, regardless of who made them, as modified or limited, where applicable, by the provisions of the Disclosure Schedule of this Agreement, during the periods provided for in and in accordance with the limits and other provisions contained in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Merging Company, as successor in interest of all the estate of the Merged Companies, starting as of the date hereof, is hereby expressly obliged to respond without limit, before any of the members, secretary, assistant secretary of the Board of Directors, auditors, employees, advisors, or attorneys -in-fact, of the Merged Companies in connection with any claim or liability in which they may incur for whatever cause, and, to the extent applicable, the Merging Company shall reimburse a each of them, any and all amounts paid by them in connection therewith, including attorney fees and other expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Merging Company undertakes to hold harmless and indemnify each of AENA, the PAP Shareholders, and the PAL Shareholders, as well as their respective directors, officers, employees, and agents (the "<u>Indemnified Persons of the Shareholders of the Merged Companies</u>") from and against any loss by such persons arising directly from (without duplication) any breach of the obligations assumed in this Agreement for which it is responsible and any breach or lack of truthfulness or accuracy of the statements contained in section 12.7 and all its subsections of section twelve, as modified or limited, if applicable, by the provisions of the Disclosure Documents of this Agreement, during the periods set forth in and in accordance with the limits and other provisions contained in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) For purposes of this section fifteen, any qualification related to materiality, "<u>Material Adverse Effect</u>" or a derivative thereof except (A) with respect to the representations made in sections 12.1.11, 12.5.8, 12.2.10, 12.7.12 ("<u>Absence of Certain Changes, Events or Conditions</u>"), and (B) the word "<u>Material</u>" in the defined term "<u>Material Agreement</u>") shall be disregarded for purposes of calculating the amount of losses with respect to the breach in question).

**15.2** **Temporality of Indemnification Obligation:** The indemnification obligations of the Parties under this
 Section shall only be effective during the following periods:

&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 Fundamental Representations and Warranties of the Merging Company contained in Section 12.7
 of section twelve shall remain in effect and survive for a period equal to the effective
 limitation period for the obligation or matter to which such representations refer, as applicable
 under applicable law, plus 90 calendar days;

&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 Fundamental Representations and Warranties of the PAP Shareholders, the PAL Shareholders,
 and AENA, respectively and as applicable, contained in sections 12.3, 12.4, and 12.6 of section
 twelve, shall remain in force and survive for a period equivalent to the effective limitation
 period for the obligation or matter to which such representations refer, as applicable in
 accordance with applicable law; and

&nbsp;&nbsp;&nbsp;&nbsp;(c) All
 other representations and warranties contained in section twelve shall, as well as any default
 of the obligations assumed under this Agreement that are not related to representation and
 warranties contained in Section 12 shall remain in force and survive for a period of 12 (twelve)
 months from the date hereof.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 51<br>

**15.3** **Limits on Liability:** Subject to the provisions of this Agreement, the indemnification obligation
 of each Party under this section shall be subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 Indemnified Persons of the Shareholders of the Merged Companies and the Indemnified Persons
 of the Merging Company shall only be entitled to indemnification under this section for damages
 whose individual value (including multiple claims arising from substantially the same facts,
 events, and circumstances) exceeds the equivalent in Mexican pesos of USD$1,000,000.00 (one
 million dollars 00/100) legal tender of the United States of America) (the " <u>Minimum Indemnification Amount</u> "), in which case the indemnifying party shall be liable
 to indemnify only for those damages in excess of the Minimum Indemnification Amount.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Each
 of the Indemnified Persons of the Shareholders of the Merged Companies, on the one hand,
 and the Indemnified Persons of the Merging Company, on the other, shall only be entitled
 to receive the indemnification provided under this section when the aggregate amount of all
 damages (the individual amount of which exceeds the Minimum Indemnification Amount) exceeds
 the equivalent in Mexican pesos of USD$3,000,000.00 (three million dollars 00/100 legal tender
 of the United States of America (the " <u>Deductible</u> ")). The foregoing is
 understood to mean that the Deductible shall be calculated taking into consideration all
 indemnities claimed by the Indemnified Persons of the Merging Company or by the Indemnified
 Persons of the Shareholders of the Merged Companies, as applicable. Upon completion of the
 Deductible, compensation shall be paid only for the amount of damages actually incurred in
 excess of the Deductible and up to the Maximum Amount of Compensation corresponding to each
 party in accordance with the provisions of subsection (c) below.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Subject
 to the provisions of subsection (b) above, each of the Merging Company, on the one hand,
 and together with AENA, the PAP Shareholders, and the PAL Shareholders, jointly, on the other
 , shall only be liable for damages, in aggregate, up to a maximum aggregate sum equivalent
 to USD$140,000,000.00 (one hundred and forty million dollars 00/100 legal tender of the United
 States of America (the <u>"Maximum Indemnity Amount</u> ")). The foregoing is
 on the understanding that each of AENA, the PAP Shareholders, and the PAL Shareholders shall
 be individually liable exclusively and pursuant to and the amounts corresponding to each
 of them, individually, either to AENA or the individuals who comprise the PAP Shareholders
 and the PAL Shareholders, considering, for purposes of calculating their liability, their
 direct and indirect shareholding in the Merged Companies, respectively, as established in
 subsection B.(c) of **Annex " <u>2</u> "** to this Agreement. Such obligation,
 which shall represent the maximum amount to which each of AENA, and the individuals who comprise
 the PAP Shareholders, and the PAL Shareholders, as indemnifying parties under the terms of
 this section will be obliged to pay as indemnity.

&nbsp;&nbsp;&nbsp;&nbsp;(d) The
 indemnifying party shall have no obligation to indemnify the other party (i) for the amount
 of the claim under this section, in respect of which the indemnified party has actually received
 payment from an insurer or any other person in connection with such claim pursuant to any
 indemnity or indemnity agreement with any third-party or any insurance policy (it being understood
 that the claim shall remain in respect of any unpaid excess), (ii) if the damages actually
 incurred are caused by situations, events, acts, omissions, or circumstances occurring after
 the date hereof, provided that they are not the result of falsehood, inaccuracy, or omission
 in the statements of the indemnifying party or in respect of which it has undertaken to indemnify,
 or of a breach of its obligations or in respect of which it has undertaken to indemnify in
 accordance with this Agreement, nor have they been caused directly or indirectly by the indemnifying
 party;

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 52<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) if the damages actually incurred are incurred or exist as a result of an act or omission of the indemnified party, or as a result of the adoption of a position in a tax return of a Merged Company filed after the date of the Merger that is inconsistent with the position adopted in a tax return filed on or before the date of the Merger; (iv) if the claim under this section is not notified within the time period described in this Agreement, or (v) for those amounts derived from any tax contingency that have been expressly stated in the financial statements of the corresponding party.

&nbsp;&nbsp;&nbsp;&nbsp;(e) In
 the event that any indemnifying party has made payment of a claim under this section and
 the indemnified party subsequently receives payment of any amount from any third-party for
 the event that was the subject of such claim, whether through the application of insurance
 or for any other reason, the indemnified party concerned shall reimburse such amount to the
 indemnifying party.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Notwithstanding
any provision to the contrary in this Agreement, each of the PAP Shareholders, the PAL Shareholders, and AENA undertake to indemnify
the Merging Company for any damage or loss suffered by the Merging Company arising from or related to the exercise of verification powers
by the Mexican tax authorities and/or tax credits initiated against and/or determined to be payable by AMP from the fiscal year ending
December 31, 2021, until the date of cancellation of the Federal Taxpayers Registry of said entity The foregoing, on the understanding
that: (i) the maximum liability of each of AENA, the PAP Shareholders, and the PAL Shareholders, under this section 15.3(f) shall be
subject to the individual cap that corresponds to each of them as provided in section 15.3(c); and (ii) each of AENA, the PAP Shareholders,
and the PAL Shareholders shall be liable exclusively in the percentages and amounts corresponding to each of them, individually, either
to AENA, or the individuals that comprise the PAP Shareholders and the PAL Shareholders, considering, for purposes of calculating their
liability, their direct and indirect shareholding in the Merged Companies as provided in subsection B.(c) of Annex "2" to
this Agreement. Such obligation shall represent the maximum amount each of AENA, the PAP Shareholders, and the PAL Shareholders, as indemnifying
parties under the terms of this section, shall be obliged to pay as indemnity.

&nbsp;&nbsp;&nbsp;&nbsp;(g) **Exclusive Remedy; Exceptions**. (a) Subject to the provisions below, the Parties acknowledge and
 agree that this section shall be the sole and exclusive remedy of the beneficiaries of indemnification
 under this Agreement (" <u>Indemnification Beneficiary</u> ") with respect to any
 claim for losses for which indemnification is granted hereunder and (b) Notwithstanding anything
 to the contrary in this Agreement, nothing herein shall limit the rights or remedies of any
 person under this Agreement in connection with fraud.

&nbsp;&nbsp;&nbsp;&nbsp;(h) **Tax Benefits.** The amount of losses that an indemnifying party is or may be required to pay
 to any indemnified party under this section 15 shall be reduced by any tax benefits obtained
 by such indemnified party or its affiliates as a result of such losses. If an indemnified
 party has received payment required by section 15 of this Agreement from the indemnifying
 party in connection with any loss and subsequently obtains (or any of its affiliates subsequently
 obtains) any tax benefit in connection with such losses, such indemnified party shall promptly
 reimburse, or cause to reimburse, to the indemnifying party a sum equal to the amount of
 such tax benefit actually obtained. For the purposes of this paragraph, an indemnified party
 shall be deemed to have obtained a tax benefit in with respect of a loss in a fiscal year
 if, and to the extent that, (A) the indemnified party or any of its affiliates receives a
 refund or credit, for taxes paid that would not have been received, but for the tax losses
 or deductions attributable to such loss (considering such tax losses or deductions as the
 last item claimed for any tax period),

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 53<br>

or (B) the aggregate tax liability of the indemnified party or any of its affiliates for such fiscal year, calculated excluding the relevant tax losses or deductions attributable to such loss, exceeds the actual tax liability of the indemnified party or any of its affiliates for such fiscal year, calculated taking into account the relevant tax losses or deductions attributable to such loss (considering such tax losses or deductions as the last item claimed for any fiscal year).

&nbsp;&nbsp;&nbsp;&nbsp;(i) To
 the maximum extent permitted by applicable Mexican law, any payment made under this section
 15 shall be considered by the parties, for all tax purposes, as an adjustment to the merger
 consideration.

**15.4** **Submission of claims:** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) All
 claims must be submitted within the respective time period specified in this Agreement and
 must describe the basis on which the claim is being made in accordance with the following
 procedure:

&nbsp;&nbsp;&nbsp;&nbsp;(b) **Claims Proceedings.** (a) All claims for indemnification must be made in accordance with the procedures
 set forth in this section.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Each
 Party shall, on its own behalf or on behalf of any other Person entitled to file a claim
 for indemnification (a " <u>Claim</u> ") under this section, notify the other Party
 in writing of such Claim (a " <u>Claim Notice</u> "), which shall include a reasonably
 detailed description of: (i) the basis and nature of such Claim, including the facts supporting
 it; and (ii) the estimated amount of damages actually incurred by the Indemnified Parties
 in connection with such Claim; provided, however, that such Notice of Claim shall only specify
 the information known to the claiming party on the date of such notice, and shall not limit
 or prejudice the rights or remedies of any Indemnified Beneficiary of the Indemnifying Beneficiary
 due to limitations in the information included, including those made in good faith to preserve
 attorney-client privilege, professional secrecy, or any other privilege. Any Notice of Claim
 shall be delivered by the Indemnified Party to the other Party: (A) in the case of a Claim
 relating to Legal Proceedings initiated by a third-party (other than the Indemnified Party
 or its Indemnified Parties) against such Indemnified Party (a " <u>Third-Party Claim</u> "),
 in a reasonably timely manner, but no later than 3 (three) business days after receiving
 notice of such action; and (B) in the case of a Claim other than a Third-Party Claim (a " <u>Direct Claim</u> "), in a reasonably timely manner after the Indemnified Party determines that
 it intends to seek indemnification for such Direct Claim; provided, however, that failure
 to give such timely notice shall not relieve the other Party of its indemnification obligations
 hereunder, except to the extent that such failure materially and adversely affects the other
 Party. The Parties shall cooperate in good faith to resolve any Direct Claim for a period
 of ninety (90) days prior to initiating any Legal Proceedings related to such Claim.

&nbsp;&nbsp;&nbsp;&nbsp;(d) With
 respect to any Third-Party Claim, the Indemnifying Party shall have the right, upon written
 notice to the Indemnified Party within thirty (30) days after delivery of the Notice of Claim,
 to assume control of the defense of such Third-Party Claim at its own expense, with counsel
 of its choice that is reasonably acceptable to the Indemnified Party, and the Indemnified
 Party or the applicable Beneficiary shall cooperate in good faith in such defense; provided,
 however, that the Indemnifying Party shall not be entitled to control the defense of any
 Third-Party Claim that: (i) seeks injunctive relief or other equitable relief, or involves
 criminal charges against the Indemnified Party; or (ii) seeks monetary damages in an amount
 (considering all Third-Party Claims) that reasonably exceeds any liability limit of the Indemnifying
 Party under this Agreement. The Party not controlling such defense shall be entitled, at
 its own expense, to participate in the defense with counsel of its choice; provided, however,
 that if the Indemnifying Party controls such defense and, in the reasonable opinion of the
 Indemnified Party's counsel:

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 54<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) there are legal defenses available to the Indemnified Party that are distinct from or additional to those of the Indemnifying Party; or (B) there is a conflict of interest between the Indemnifying Party and the Indemnified Party that cannot be waived, the Indemnifying Party shall be responsible for the reasonable fees and expenses of independent counsel (including their advance) for the Indemnified Party in each jurisdiction where the Indemnified Party reasonably determines that legal representation is required. If the Indemnifying Party fails to elect to control the defense (including by failing to promptly notify the Indemnified Party in writing pursuant to this section), or fails to diligently pursue it, the Indemnified Party may assume control of the defense with counsel of its choice, and the Indemnifying Party shall be responsible for the legal fees and expenses (including their advance payment) of the Indemnified Party in each jurisdiction where representation is required. Both the Indemnified Party and the Indemnifying Party shall cooperate reasonably in the defense and settlement of any Third-Party Claim, including the preservation and delivery of relevant records and information, and the availability of employees to provide additional information. The Party controlling the defense shall keep the other Party reasonably informed of the status of the Legal Proceedings and shall consider in good faith any recommendations made by the other Party.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Notwithstanding
 anything to the contrary in this Agreement: (i) the Indemnifying Party shall not settle any
 Third-Party Claim without the prior written consent of the Indemnified Party, which consent
 shall not be unreasonably withheld, conditioned, or delayed, unless such settlement: (A)
 includes a full and unconditional release of all Indemnification Beneficiaries of the Indemnification
 Recipient from all related Liability or obligations; (B) does not impose any Liability or
 obligation (including equitable remedies) on the Indemnification Beneficiary's Beneficiaries;
 and (C) does not involve an admission of fault or wrongdoing by any Indemnification Beneficiary.
 (ii) The Indemnified Party shall not settle any Third-Party Claim without the prior written
 consent of the Indemnifying Party, which consent shall not be unreasonably withheld, conditioned,
 or delayed.

**15.5** **Form of Payment:** (a) Indemnification payments to be made by the parties under this section
 shall be made no later than 15 (fifteen) business days after the date on which the relevant
 Indemnification proceeding is concluded.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All payments required to be made under this section shall be made in cash and in immediately available funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) All payments required to be made under this section shall be made by electronic transfer of immediately available funds to the bank account notified by the relevant party no less than 2 (two) business days prior to the relevant payment date.

**15.6** **Remediation in Case of Eviction:** In addition to the other remedies provided for in this Agreement,
 the Shareholders of the Merged Companies expressly undertake to the Merging Company to remedy
 any eviction with respect to the shares of the Merged Companies of which they were shareholders
 and with respect to the shares of the Merging Company held by the Merged Companies on the
 date of the Merger, it being understood that, in the event of any dispute arising with respect
 to the rights acquired by the Merging Company by virtue of this Agreement over the shares,
 due to a claim for indemnification in case of eviction, the Merging Company shall notify
 the Merged Companies whose shares are the subject of the dispute, and each of said shareholders
 of the Merged Companies, respectively, undertakes to indemnify the Merging Company with respect
 to any claim or judgment for eviction, regardless of the other remedies and obligations provided
 for in this Agreement.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 55<br>

**<u>PART FOUR<br> MISCELLANEOUS</u>**

**SIXTEENTH. Invalidity of Terms Waivers:** If any term or provision of this Agreement is invalid, illegal, or unenforceable, all other terms and provisions of this Agreement shall remain in full force and effect.

Any term or provision of this Agreement may be waived or the term for compliance may be extended by the party or parties entitled to the benefit thereof. Any such waiver shall be deemed valid and sufficiently authorized for purposes of this Agreement if, in relation to any party, it is authorized in writing by that party. The failure of any party hereto to enforce at any time any provision of this Agreement shall not be deemed a waiver of such provision, nor shall it in any way affect the validity of this Agreement or any part thereof or the right of any party hereunder to be considered a waiver of another or subsequent breach.

**SEVENTEENTH. Amendments:** This Agreement may not be amended except by a written agreement signed by the parties to this Agreement.

**EIGHTEENTH. Notices:** All notices and communications to be sent or delivered to the parties to this Agreement, in accordance with the same, shall be made in writing and delivered to the parties with acknowledgment of receipt, at the addresses indicated on their respective signature pages or at any other address that such party indicates in writing by prior notice sent to the other parties to this Agreement.

**Notification of Certain Matters.** Each party shall immediately notify the other parties of: **(a)** any notice or other communication from any governmental authority in connection with the Merger; **(b)** any notice from any person claiming that its consent is or may be required in connection with the Merger; or (**c)** any legal proceedings commenced or threatened against any of the parties in connection with the Merger.

**Public Announcements.** Except as expressly contemplated or necessary to implement the provisions of this Agreement, neither party (nor any of its respective affiliates) shall issue any press release or make any public statements or disclosures regarding Merger contemplated by this Agreement without the prior reasonable consent of the other party, except to the extent that such disclosure is required by applicable law or the rules of any stock exchange.

**NINETEENTH. Confidentiality.** From the signing of this agreement and for a period of five years following such date, each party shall, and shall cause its affiliates and representatives to, maintain the confidentiality of all non-public information belonging to the other party; provided, however, that each party shall not be liable under this provision for any disclosure to the extent that such disclosure is determined by the party required to make the disclosure (with the advice of its attorneys) to be required by any applicable law or order, including the applicable rules of any stock exchange. Notwithstanding the foregoing, such non-public information shall not include information that: **(A)** becomes available or is made public after the date of execution, except as a result of disclosure by the party seeking to use this exception in breach of this section; or **(B)** is available through a source other than the party seeking to use this exception or its affiliates or representatives, provided that such source is not known to such party to be subject to a confidentiality agreement or contractual, legal, or fiduciary obligation of confidentiality with respect to such information.

**TWENTIETH.** In performing the obligations set forth in this Agreement, the Parties, their officers, directors, representatives, employees, and any other third parties contracted or subcontracted by the parties shall comply with the laws and regulations of any jurisdiction applicable to them in relation to corruption and fraud, such that at no time shall they participate in or collaborate in the engagement of any conduct punishable under such laws.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 56<br>

In particular, the parties guarantee that they will not receive or offer, either directly or indirectly, any unjustified benefit or advantage of any kind, or any improper gift or compensation of any kind to a public authority or official or to a private third party related to any business opportunity covered by this Agreement, and in the event that either party receives any request for an improper payment, it shall immediately inform the other party. Failure to comply with the provisions of this section will result in the contracting body or similar competent body, reporting the facts to the competent antitrust authorities and, where applicable, to the National Anti-Fraud Coordination Service of the Spanish State Administration's General Intervention Board or to the control and supervisory bodies that are competent in each case, in accordance with the applicable law. If the nature of the facts could constitute a criminal offense, the contracting body or similar competent body shall take the appropriate measures to refer such conduct to the courts and/or the Spanish Public Prosecutor's Office for due investigation.

**TWENTY-ONE. Entire Agreement, Jurisdiction, and Applicable Law:** This Agreement constitutes the entire agreement between the parties and represents the will of the shareholders of the Merged Companies, the Merged Companies, and the Merging Company. This Agreement shall be governed by the applicable laws of Mexico. In all matters not expressly provided for herein, this Agreement shall be governed by the provisions of the Mexican General Law on Commercial Companies and, supplementarily, by the provisions of the Mexican Commercial Code and the Mexican Federal Civil Code. For all matters relating to the interpretation, compliance, and enforcement of this Agreement, the Parties expressly submit to the jurisdiction and competence of the competent courts of Mexico City, expressly waiving any other jurisdiction that may correspond to them by reason of their present or future domiciles or for any other reason.

**TWENTY-TWO. Copies and Annexes:** This Agreement may be signed in one or more copies, which together shall constitute one and the same instrument. The annexes form an integral part of this Agreement as if they had been included therein, and this Agreement shall be interpreted taking into account the content of said annexes. For the purposes of the Agreement: (i) "government authority" means any court, governmental authority, tribunal, commission, regulatory body, stock exchange, whether foreign, federal, state, provincial, local, or any political or other subdivision, department, agency or branch of any of the foregoing; (ii) "law" means any national, federal, state or local law, constitution, treaty, agreement, statute, ordinance, code, rule, regulation or enforceable practice, or other similar requirement enacted, adopted or enforced by any Governmental Body, each as amended and currently in force; (iii) "order" means any judgment, order, mandate, decision, determination, award, resolution, ruling, stipulation, restriction, assessment, or decree of, or issued by, with, or under the supervision of, any Governmental Body; and (iv) "Material Adverse Effect" means, with respect to the applicable party, any state of fact, change, event, circumstance, result, or occurrence that, individually or collectively, has, or is expected to have, a significant adverse impact or effect: on its financial condition or otherwise, on its assets and property considered as a whole or on its results of operations; or on its legal or factual ability to consummate and perfect this Agreement and perform its obligations hereunder.

The parties, having been informed of the validity and legal scope of this Agreement, hereby sign it in Mexico City on 30 of April 2026.

Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V., Page 57<br>

<u>Merging Entity</u>

/s/ Raúl Revuelta Musalem

____________________________________________________

**Grupo Aeroportuario del Pacifico, S.A.B. de C.V.**

By: Raúl Revuelta Musalem

Representative

/s/ Sergio Enrique Flores Ochoa

____________________________________________________

**Grupo Aeroportuario del Pacifico, S.A.B. de C.V.**

By: Sergio Enrique Flores Ochoa

Representative

Signature Page of the Merger Agreement entered into by: (i) Grupo Aeroportuario del Pacífico, S.A.B. de C.V., as the surviving Merging Company; and each of (ii) Aeropuertos Mexicanos del Pacífico, S.A.P.I. de C.V., Controladora Mexicana de Aeropuertos, S.A. de C.V., Promotora Aeronáutica del Pacífico, S.A. de C.V., PAL Aeropuertos, S. de R.L. de C.V., and Proyectos de Infraestructura Charter, S. de R.L. de C.V., as the companies to be merged and which will be dissolved.

<br>Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V.<br>

<u>Merged</u>

/s/ Juan Pablo del Río Benítez

___________________________________________________

**Aeropuertos Mexicanos del Pacífico, S.A.P.I. de C.V.**

By: Juan Pablo del Río Benítez

Representative

Signature Page of the Merger Agreement entered into by: (i) Grupo Aeroportuario del Pacífico, S.A.B. de C.V., as the surviving Merging Company; and each of (ii) Aeropuertos Mexicanos del Pacífico, S.A.P.I. de C.V., Controladora Mexicana de Aeropuertos, S.A. de C.V., Promotora Aeronáutica del Pacífico, S.A. de C.V., PAL Aeropuertos, S. de R.L. de C.V., and Proyectos de Infraestructura Charter, S. de R.L. de C.V., as the companies to be merged and which will be dissolved.

<br>Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V.<br>

<u>Merged</u>

/s/ Diego Martín del Campo Souza

________________________________________________

**Controladora Mexicana de Aeropuertos, S.A. de C.V.**

By: Diego Martín del Campo Souza

Representative

Signature Page of the Merger Agreement entered into by: (i) Grupo Aeroportuario del Pacífico, S.A.B. de C.V., as the surviving Merging Company; and each of (ii) Aeropuertos Mexicanos del Pacífico, S.A.P.I. de C.V., Controladora Mexicana de Aeropuertos, S.A. de C.V., Promotora Aeronáutica del Pacífico, S.A. de C.V., PAL Aeropuertos, S. de R.L. de C.V., and Proyectos de Infraestructura Charter, S. de R.L. de C.V., as the companies to be merged and which are being dissolved.

<br>Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V.<br>

<u>Merged</u>

/s/ Santiago Riveroll Mendoza

___________________________________________________

**Promotora Aeronáutica del Pacífico, S.A. de C.V.,**

By: Santiago Riveroll Mendoza

Representative

Signature Page of the Merger Agreement entered into by: (i) Grupo Aeroportuario del Pacífico, S.A.B. de C.V., as the surviving Merging Company; and each of (ii) Aeropuertos Mexicanos del Pacífico, S.A.P.I. de C.V., Controladora Mexicana de Aeropuertos, S.A. de C.V., Promotora Aeronáutica del Pacífico, S.A. de C.V., PAL Aeropuertos, S. de R.L. de C.V., and Proyectos de Infraestructura Charter, S. de R.L. de C.V., as the companies to be merged and which will be dissolved.

<br>Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V.<br>

<u>Merged</u>

/s/ Diego Martín del Campo Souza

___________________________________________________

**PAL Aeropuertos, S. de R.L. de C.V.**

By: Diego Martín del Campo Souza

Representative

Signature Page of the Merger Agreement entered into by: (i) Grupo Aeroportuario del Pacífico, S.A.B. de C.V., as the surviving Merging Company; and each of (ii) Aeropuertos Mexicanos del Pacífico, S.A.P.I. de C.V., Controladora Mexicana de Aeropuertos, S.A. de C.V., Promotora Aeronáutica del Pacífico, S.A. de C.V., PAL Aeropuertos, S. de R.L. de C.V., and Proyectos de Infraestructura Charter, S. de R.L. de C.V., as the companies to be merged and which will be dissolved.

<br>Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V.<br>

<u>Merged</u>

/s/ Santiago Riveroll Mendoza

____________________________________________________

**Proyectos de Infraestructura Charter, S. de R.L. de C.V.**

By: Santiago Riveroll Mendoza

Representative

Signature Page of the Merger Agreement entered into by: (i) Grupo Aeroportuario del Pacífico, S.A.B. de C.V., as the surviving Merging Company; and each of (ii) Aeropuertos Mexicanos del Pacífico, S.A.P.I. de C.V., Controladora Mexicana de Aeropuertos, S.A. de C.V., Promotora Aeronáutica del Pacífico, S.A. de C.V., PAL Aeropuertos, S. de R.L. de C.V., and Proyectos de Infraestructura Charter, S. de R.L. de C.V., as the merged companies that will be dissolved.

<br>Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V.<br>

<u>Shareholders of the Merged Entities</u>

/s/ Laura Renee Díez-Barroso Azcárraga

________________________________________________

**Laura Renee Díez-Barroso Azcárraga** 

In her own right

/s/ José Carlos Laviada Ocejo

________________________________________________

**José Carlos Laviada Ocejo** 

In his own right

Signature Page of the Merger Agreement entered into by: (i) Grupo Aeroportuario del Pacífico, S.A.B. de C.V., as the surviving Merging Company; and each of (ii) Aeropuertos Mexicanos del Pacífico, S.A.P.I. de C.V., Controladora Mexicana de Aeropuertos, S.A. de C.V., Promotora Aeronáutica del Pacífico, S.A. de C.V., PAL Aeropuertos, S. de R.L., and Proyectos de Infraestructura Charter, S. de R.L. de C.V., as the companies to be merged and which will be dissolved.

<u>Shareholders of the Merged Entities</u>

/s/ Juan Gallardo Thurlow

________________________________________________

**Juan Gallardo Thurlow** 

In his own right

Signature Page of the Merger Agreement entered into by: (i) Grupo Aeroportuario del Pacífico, S.A.B. de C.V., as the surviving Merging Company; and each of (ii) Aeropuertos Mexicanos del Pacífico, S.A.P.I. de C.V., Controladora Mexicana de Aeropuertos, S.A. de C.V., Promotora Aeronáutica del Pacífico, S.A. de C.V., PAL Aeropuertos, S. de R.L. de C.V., and Proyectos de Infraestructura Charter, S. de R.L. de C.V., as the companies to be merged and which will be dissolved.

<br>Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V.<br>

<u>Shareholders of the Merged Entities</u>

/s/ Eduardo Sánchez Navarro Redo

________________________________________________

**Eduardo Sánchez Navarro Redo**

In his own right

**Banco INVEX, S.A., Institución de Banca Múltiple, INVEX** 

**Financial Group, in its capacity as trustee of Trust No. 4548**

/s/ Eduardo Sánchez Navarro Redo

______________________________________________________________________

By: Eduardo Sánchez Navarro Redo / Representative

Signature Page of the Merger Agreement entered into by: (i) Grupo Aeroportuario del Pacífico, S.A.B. de C.V., as the surviving Merging Company; and each of (ii) Aeropuertos Mexicanos del Pacífico, S.A.P.I. de C.V., Controladora Mexicana de Aeropuertos, S.A. de C.V., Promotora Aeronáutica del Pacífico, S.A. de C.V., PAL Aeropuertos, S. de R.L. de C.V., and Proyectos de Infraestructura Charter, S. de R.L. de C.V., as the companies to be merged and which will be dissolved.

<br>Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V.<br>

<u>Shareholders of the Merged Companies</u>

/s/ Emilio Rotondo Inclán

________________________________________________

**Aena Desarrollo Internacional S.M.E., S.A.,** 

**Sociedad Unipersonal**

By: Emilio Rotondo Inclán

Representative

Signature Page of the Merger Agreement entered into by: (i) Grupo Aeroportuario del Pacífico, S.A.B. de C.V., as the surviving Merging Company; and each of (ii) Aeropuertos Mexicanos del Pacífico, S.A.P.I. de C.V., Controladora Mexicana de Aeropuertos, S.A. de C.V., Promotora Aeronáutica del Pacífico, S.A. de C.V., PAL Aeropuertos, S. de R.L., and Proyectos de Infraestructura Charter, S. de R.L. de C.V., as the companies to be merged and which will be dissolved.

<br>Merger Agreement<br>Grupo Aeroportuario del Pacífico, S.A.B. de C.V.<br>

<u>Otay TJ Holdings, LLC</u>

/s/ Jorge Gytortúa Bores

________________________________

**Otay TJ Holdings, LLC**

By: Jorge Gytortúa Bores

Representative

/s/ Luis Miguel Hernández Gilfedder

________________________________

**Otay TJ Holdings, LLC**

By: Luis Miguel Hernández Gilfedder

Representative

Signature Page of the Merger Agreement entered into by: (i) Grupo Aeroportuario del Pacífico, S.A.B. de C.V., as the surviving Merging Company; and each of (ii) Aeropuertos Mexicanos del Pacífico, S.A.P.I. de C.V., Controladora Mexicana de Aeropuertos, S.A. de C.V., Promotora Aeronáutica del Pacífico, S.A. de C.V., PAL Aeropuertos, S. de R.L. de C.V., and Proyectos de Infraestructura Charter, S. de R.L. de C.V., as the merged companies to be dissolved.

Merger Agreement

Grupo Aeroportuario del Pacífico, S.A.B. de C.V.

## Exhibit 99.4

***EXHIBIT 99.4***

Mexico City, April 30, 2026

**Aena Desarrollo Internacional S.M.E. S.A.** 

**Sociedad Unipersonal**

Calle Peonías, 12

28042, Madrid, Reino de España

Attention: Mr. Emilio Rotondo Inclán

Re: <u>Ordered Liquidity</u>

Dear Sirs,

We set out below the terms and conditions under which we, Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (the "<u>Company</u>"), as issuer, may coordinate processes for potential sale offerings of Company shares owned, directly or indirectly, by Aena Desarrollo Internacional S.M.E. S.A. Sociedad Unipersonal ("<u>AENA</u>"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. Registration Request.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to the lock-up undertaking during the Restriction Period under the merger agreement entered into by the Company and Aeropuertos Mexicanos del Pacífico S.A.P.I. de C.V. ("<u>AMP</u>"), at any time from and after the merger of AMP into the Company becomes fully effective (the "<u>Closing</u>"), the Company shall, at AENA's request, convert any Series "BB" shares of the Company held by AENA into Series "B" shares, in accordance with Article Sixth of the Company's bylaws and in connection with any actual or proposed sale of such securities (such request, a "<u>Conversion Request</u>"). For such purposes, no later than the business day following the Closing, the Company will file the request to register the shares representing the share capital of the Company issued by virtue of the share capital increase carried out by means of the merger before the *Registro Nacional de Valores* (the "*<u>RNV</u>*") and, as soon as possible, will deposit the share certificate representing such share capital increase at *S.D. Indeval Institución para el Depósito de Valores, S.A. de C.V.* ("<u>Indeval</u>"). Simultaneously, the Company will carry out any actions that are necessary, in each case, to satisfy any Conversion Request submitted by AENA in accordance with the provisions of Article Sixth of the corporate bylaws of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) AENA shall have the right (but not the obligation) to submit a written request (a "<u>Registration Request</u>") asking the Company to (i) register and obtain the respective authorizations to offer and sell all or a portion of the Company shares owned by AENA (the "<u>Registrable Securities"</u>) on a recognized securities market in Mexico, including in the Bolsa Mexicana de Valores, S.A.B. de C.V. ("<u>BMV</u>"), or any other securities market recommended by the relevant investment banks or to be offered to investors in such markets in which the Company has previously registered, offered, or sold securities (a "<u>Recognized Securities Market</u>"), (ii) register such shares in the RNV, and (iii) undertake any other action required pursuant to applicable law, so that AENA can sell its shares whether through a Public Offering (as defined below), through a Private Offering (as defined below), a block trade or any other permitted means pursuant to applicable law.

Ordered LiquidityPage 2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Following the Closing, and as promptly as possible after the date on which the Company is eligible to file a Form F-3 or S-3 registration statement, the Company shall use commercially reasonable efforts to file with the U.S. Securities and Exchange Commission (the "<u>SEC</u>") such registration statement covering all Registrable Securities of AENA, and such registration statement shall permit resales of Registrable Securities on a delayed or continuous basis in accordance with Rule 415 under the Securities Act of 1933 (the "<u>Securities Act</u>", and such registration statement, the "<u>Shelf Registration Statement</u>"). Such Shelf Registration Statement shall provide for the resale from time to time of all of the Registrable Securities held by AENA at the time of effectiveness thereof, pursuant to any method or combination of methods legally available to, and requested by, AENA, except that any Underwritten Offering or Underwritten Block Trade, as those terms are defined in paragraphs (d) and (e) of this section, shall be made as a demand in accordance with those paragraphs. If the Company is a well-known seasoned issuer at the time of the filing of such Shelf Registration, then such Shelf Registration Statement shall be an automatic shelf registration statement (as defined in Rule 405 under the Securities Act).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) In connection with any Conversion Request, AENA may make any Registration Request under the Securities Act involving sales of all or a portion of its Registrable Securities including pursuant to any underwritten public offering (an "Underwritten Offering") on Form F-1 or S-1 or any similar long-form registration statement ("<u>Long-Form Registrations</u>") or on Form F-3 or S-3 or any similar short-form registration statement ("<u>Short-Form Registrations"),</u> if available (any such requested registration, a "<u>Demand Registration</u>"). For so long as a Shelf Registration Statement (including any Shelf Registration Statement filed pursuant to paragraph (c) of this section) is and remains effective, AENA may request that such Demand Registration be made pursuant to an Underwritten Offering that is registered pursuant to such Shelf Registration Statement (such offering, a "<u>Shelf Take-Down</u>"), and, if necessary, the Company shall use its reasonable best efforts to file and effect an amendment or supplement to such Shelf Registration Statement for such purpose as soon as practicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) If, in connection with any Conversion Request, AENA desires to engage in an underwritten block trade or bought deal pursuant to a Shelf Registration Statement (an "<u>Underwritten Block Trade</u>"), then AENA may notify the Company of the Underwritten Block Trade not less than two (2) Business Days prior to the day such offering is first anticipated to commence, and the Company will use its reasonable best efforts to facilitate such Underwritten Block Trade, as requested by AENA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) All demands for Long-Form Registrations will be related to Underwritten Offerings, and Demand Registrations will be effected as Short-Form Registrations whenever the Company is permitted to use any applicable short form.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) For the avoidance of doubt, and with the exception of the filing of the Shelf Registration Statement, any request by AENA to effect (i) a Long-Form Registration, (ii) a Short-Form Registration, (iii) a Shelf Take-Down pursuant to any effective Shelf Registration Statement, or (iv) an Underwritten Block Trade, shall each constitute a Demand Registration, and each such Demand Registration shall be deemed a Registration Request for purposes of Section A(i) of this letter agreement.

Ordered LiquidityPage 3

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Each Registration Request submitted by AENA must specify the total number of shares to be offered or placed, as well as the method(s) of disposition, and such specifications shall be binding on the Company.

As promptly as possible, and in any event no later than five (5) Business Days after receipt of a Registration Request (other than a Registration Request relating to an Underwritten Block Trade, which must be effected expeditiously as provided in paragraph (e) of this section), the Company undertakes to (i) commence preparation of the public offering application or Registration Request or registration statement covering the specified number of shares and the method of disposition requested by AENA, as necessary, (ii) use its best efforts to submit the necessary registration and/ or public offering authorization applications, listing requests or deposit requests to the *Comisión Nacional Bancaria y de Valores* ("<u>CNBV</u>"), BMV, or Indeval, as applicable*,* or a registration statement to the SEC, and any other governmental authorities and Recognized Securities Markets as may be necessary or advisable, as soon as practicable (and in any case within sixty (60) calendar days following receipt of the Registration Request), and (iii) to otherwise take any action necessary to include therein all disclosure and language deemed necessary or advisable by AENA to effect an offering pursuant to such Registration Request.

For purposes of this letter agreement, "<u>registration statement</u>" means, in the case of a Recognized Securities Market in the U.S., a registration statement of the Company on an appropriate form under the Securities Act that is filed with the SEC, including the prospectus (as amended or supplemented), amendments and supplements to such registration statement, including post-effective amendments, all exhibits and all materials incorporated by reference or deemed to be incorporated by reference in such registration statement.

For the avoidance of doubt, the parties acknowledge and agree that the Company shall not be obligated to include, modify, or omit any information in any materials related to a securities offering, except for information relating to AENA, the shares held by AENA, and/or the underwriters selected by AENA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) AENA shall be entitled to submit up to two (2) Registration Requests within any twelve (12) month period; <u>provided</u> that (i) if at least one such Registration Request is for an Underwritten Block Trade, AENA may submit up to three (3) Registration Requests within such twelve (12) month period, and (ii) the aggregate market value of the shares so requested to be sold in connection with any Registration Request, as measured by the number of shares and the closing price of the Series "B" shares on any trading day during the five consecutive trading days prior to the date of the Registration Request, shall not be less than $100,000,000.00 (United States dollars).

Ordered LiquidityPage 4

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) If (i) the registration application or registration statement relating to a Registration Request is not approved or does not become effective, for any reason, within one hundred eighty (180) calendar days following the Company's receipt of the relevant Registration Request; (ii) a registration application or registration statement, after becoming effective, is made subject to a stop order, injunction or other order, proceeding or requirement of the CNBV or any other governmental authority for any reason not attributable to AENA; (iii) the registration application or registration statement relating to the Registration Request does not remain continuously effective for the shorter of (A) the period during which all shares subject to the Registration Request are sold and (B) one hundred eighty (180) consecutive days; (iv) the closing conditions set out in the purchase agreement entered into in connection with such registration are not satisfied for any reason not attributable to AENA; then, such Registration Request shall not count for purposes of paragraph (i) above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) In connection with any Registration Request involving an Underwritten Offering, the Company undertakes to reasonably cooperate with AENA and the underwriters, which shall be investment banks selected by AENA, if any, to facilitate the successful and timely completion of such offering (including, without limitation, by participating in management presentations and meetings with prospective investors and providing for customary documentation including legal opinions and accountants' comfort letters).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) With a view to making available to AENA the benefits of Rule 144 under the Securities Act (or its successor rule) ("<u>Rule 144</u>") and any other rule or regulation of the SEC that may at any time permit AENA to sell its Company shares to the public without registration, the Company covenants and agrees to: (i) make and keep adequate current public information available in compliance with 144(c)(1) or 144(c)(2) of Rule 144, as applicable, until the earlier of (A) six (6) months after such date as all of such shares may be sold without restriction by the holders thereof pursuant to Rule 144 or any other rule of similar effect or (B) such date as there are no longer any such shares; and (ii) file with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act or the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder (the "<u>Exchange Act</u>"); (iii) furnish electronically to AENA upon request, as long as AENA owns any such shares, (A) a written statement from the Company that it has complied with the reporting requirements of the Exchange Act, (B) a copy of or electronic access to the Company's most recent annual report or quarterly report, and (C) such other information as may be reasonably requested in order to avail AENA of any rule or regulation of the SEC that permits the selling of any such shares without registration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) AENA shall be entitled to request that the Company register the sale of, or facilitate the placement of, shares, American Depositary Shares or other equity-linked instruments representing shares of the Company and, in such case, all references herein to "shares" shall be deemed to refer to American Depositary Shares or other securities that represent, directly or indirectly, the Company's shares, unless the context requires otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Registration Expenses.** Except for the fees, costs and expenses of the underwriters and AENA's advisors, which shall be borne by AENA, all expenses in connection with the preparation and filing of any Registration Request shall be borne by the Company, regardless of whether a Registration Request becomes effective or any shares are sold pursuant thereto.

Ordered LiquidityPage 5

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C. Registration or Placement Procedures.** In connection with any registration public offering or placement of Company shares owned by AENA, either in Mexico or abroad, the Company shall effect such registration and assist in such public offering and/or placement (including causing its authorized officers to execute any required documents, including without limitation any prospectus and/or provide any information necessary to carry out a Public Offering (as defined below) pursuant to applicable law) in accordance herewith so as to permit the sale of such shares as set forth in the applicable Registration Request and, in connection therewith, as soon as practicable, on commercially reasonable terms and consistent with market practice for similar transactions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) It shall prepare and file a registration statement or similar document with respect to the shares and take the steps necessary to cause such registration statement or similar document to become effective in the case of a public offering of Company shares, undertaken with reputable investment banks, underwriters, or placement agents, as applicable, to be selected by AENA, in consultation with the Company, where such shares are to be listed on a Recognized Securities Market (a "<u>Public Offering</u>", and such registration statement or similar document, a "<u>Registration Filing</u>"), or alternatively, it shall prepare and issue a placement memorandum in the case of any private offering of shares that is exempt from the registration requirements of the Securities Act (including a private offering in the United States of America providing for resale of shares pursuant to Rule 144A under the Securities Act) or any other offering qualifying as a private placement under the applicable laws of any other jurisdiction, including offerings conducted pursuant to Article 8 of the Mexican Securities Market Law (a "<u>Private Offering</u>," and such placement memorandum, a "<u>Placement Memorandum</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Prior to filing the Registration Filing or the prospectus (in the case of a Public Offering) or issuing any Placement Memorandum (in the case of a Private Offering) or, in each case, any amendments or supplements thereto, the Company shall provide AENA with copies of such Registration Filing or Placement Memorandum and all documents proposed to be filed in connection therewith or described or incorporated by reference therein, which shall be subject to AENA's review. For purposes of this letter agreement, "<u>prospectus</u>" means any prospectus included in a Registration Filing, as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of any portion of the shares covered by a Registration Filing, and all other amendments and supplements to any such prospectus, including post-effective amendments, and all material incorporated by reference in such prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) It shall prepare and file with the CNBV, RNV, BMV, Indeval, the SEC and any other governmental authority, as necessary, all amendments, including post-effective amendments to the Registration Filing and amendments or supplements to the related prospectus (in the case of a Public Offering) or supplements to the Placement Memorandum (in the case of a Private Offering) as may be required to keep such Registration Filing effective or such Placement Memorandum updated for a period of not less than one hundred eighty (180) calendar days, as reasonably requested by AENA or the underwriter of the shares, or as may be required by the applicable rules, regulations, or orders under the Securities Act, the Mexican Securities Market Law and related rules and regulations, or any other applicable law; and it shall comply with the provisions of the Securities Act and/or the Mexican Securities Market Law or any other applicable law with respect to the disposition of all securities covered by such Registration Filing or Placement Memorandum during the applicable period and pursuant to the methods of distribution set forth in such Registration Filing as so amended, or the prospectus or Placement Memorandum as so supplemented.

Ordered LiquidityPage 6

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) It shall notify, as soon as practicable, AENA and the lead underwriters, if any, and upon request by any such persons shall confirm such advice in writing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) when any Registration Filing, prospectus, prospectus supplement or post-effective amendment has been filed with the CNBV, RNV, BMV, Indeval, the SEC and other governmental authorities or persons, as applicable, or any prospectus or supplement thereto has been issued, and, with respect to the Registration Filing or any post-effective amendment, when the same have become effective under the Securities Act, the Mexican Securities Market Law or any other applicable law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) of any request by the CNBV, RNV, BMV, Indeval, the SEC and other governmental authorities or persons, as applicable, for the amendment or supplement of the Registration Filing or prospectus or for additional information with respect thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) of the issuance by the CNBV, RNV, BMV, Indeval, the SEC and other governmental authorities or persons, as applicable, of any stop order, injunction and/or other order, proceeding or requirement suspending the effectiveness of the Registration Filing or interfering with the use of any prospectus or Placement Memorandum or the initiation of any proceeding for such purpose, or any request for additional solicitations or additional information under the Mexican Securities Market Law or any other applicable law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) if at any time the Company's representations cease to be true and correct;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) of the Company's receipt of any notice regarding the suspension of the offer or sale of the shares in any jurisdiction or the initiation or threat of any proceeding to that effect; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) that an event has occurred or a condition exists such that the Registration Filing, prospectus or Placement Memorandum or any document incorporated by reference therein contains an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) It shall use reasonable efforts to obtain the withdrawal of any order, injunction or proceeding suspending the effectiveness of the Registration Filing or interfering with the use of any prospectus or Placement Memorandum as promptly as practicable.

Ordered LiquidityPage 7

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) If requested by AENA, it shall promptly include in a post-effective amendment to the Registration Filing or amendment or supplement to the related prospectus or Placement Memorandum any information that AENA reasonably requests, in accordance with sound market practice, to be included regarding the plan of distribution of such shares, including information concerning the number of shares being sold to the underwriters, the purchase price being paid therefor by such underwriters and with respect to any other terms of the shares to be offered as part of such Underwritten Offering (or best-efforts placement); and it shall make all filings necessary in connection with such post-effective amendment or supplement as soon as the matters to be included therein have been notified.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) It shall deliver to AENA and the underwriters such number of copies of the prospectus or Placement Memorandum, and, in each case, any amendments or supplements thereto (including financial statements and disclosure schedules, documents incorporated by reference and all exhibits) as such persons may reasonably request; the Company approves the use of the prospectus or Placement Memorandum or any amendments or supplements thereto by AENA and the underwriters, if any, solely for purposes of the offer and sale of the shares covered thereby, subject to the requirements of the Securities Act, the Mexican Securities Market Law and the rules and regulations thereunder, and any other applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) It shall reasonably cooperate with AENA and the lead underwriters, if any, to facilitate the timely preparation and delivery of the certificates representing the shares to be sold, free of any restrictive legend; and it shall cause such shares to be in such denominations and registered in such names as the lead underwriters shall request at least two (2) Business Days prior to any sale of shares to the underwriters, whether in physical form or by book-entry through Indeval.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) It shall use best efforts to cause the shares subject to the Registration Filing or Placement Memorandum, as applicable, to be registered or qualified by those governmental agencies or authorities applicable in light of the Company's business and operations, as well as the distribution plan for the shares, so as to permit the seller thereof or the underwriters, if any, to consummate the disposition of such shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) If there is any fact that results in the Registration Filing, prospectus or Placement Memorandum or any document incorporated by reference therein containing an untrue statement of a material fact or omitting to state a material fact required to be stated therein or necessary to make the statements therein not misleading, it shall prepare as soon as practicable a supplement or post-effective amendment to the Registration Filing or an amendment or supplement to the prospectus or Placement Memorandum or any document incorporated by reference therein, or shall file any other document required, so that, upon delivery to purchasers of the shares, the Registration Filing and any related prospectus or Placement Memorandum shall not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading.

Ordered LiquidityPage 8

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) It shall enter into agreements (including placement or underwriting agreements customary for transactions of this type) and take all other appropriate action in order to expedite or facilitate the disposition of such shares and, in that connection, whether or not an underwriting agreement is entered into and whether or not the registration is an Underwritten Offering:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) it shall make such customary representations to the holders of such shares and to the underwriters, if any, in the Company's customary terms, and considering those customarily made by issuers to underwriters in similar offerings;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) it shall obtain opinions of the Company's counsel and updates thereof (such opinions (in form, scope and substance) to be reasonably satisfactory to the lead underwriters, if any), addressed to the underwriters, if any, covering matters customarily covered in opinions delivered in similar Underwritten Offerings;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) it shall, as applicable, obtain "cold comfort" letters and updates thereof from the Company's independent certified public accountants, addressed to the underwriters, if any, in customary form and covering the periods and matters customarily addressed in "cold comfort" letters delivered to underwriters in similar offerings;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) if requested, it shall use reasonable best efforts to cause the Company's directors and officers to agree not to dispose of shares or any securities exchangeable or convertible into shares for such periods as the underwriters may reasonably request;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) if requested, it shall provide indemnities and contribution on reasonable terms to AENA and its underwriters, if, and as, customary in transactions of this type; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) if requested and in accordance with market practice, it shall deliver such documents and certificates as may reasonably be requested by AENA and the lead placement agents, if any, to evidence compliance with the foregoing clause (l) and with any customary condition contained in the underwriting agreement and/or other agreements entered into by the Company.

The foregoing shall be performed while such Registration Filing remains effective (in the case of a Public Offering) or the issuance of a Placement Memorandum (in the case of a Private Offering) and at each closing under any placement agreement or similar agreement as and to the extent required therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) It shall make available for inspection by AENA's representatives all relevant financial records and other corporate documents of the Company, and shall cause the Company's officers, directors and employees to supply all information reasonably requested by any such representatives, underwriters, legal counsel, accountants and/or other advisors in connection with the registration or placement, in each case as may be reasonably necessary to comply with applicable law or as necessary or advisable to verify the accuracy of the information in such registration statement and to conduct appropriate due diligence in connection therewith; <u>provided</u> that any records, information or documents designated in writing by the Company as confidential shall be kept confidential by such persons and the relevant confidentiality agreement shall be executed, except where disclosure of such records, information or documents is required by a court or administrative order.

Ordered LiquidityPage 9

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) It shall use best efforts to comply with all applicable rules and regulations of the CNBV, RNV, BMV, Indeval, the SEC and other governmental authorities or persons, as applicable, and, in the case of a Private Offering, it shall furnish to each purchaser of shares any information that is reasonable and required to be provided under the Securities Act, the Mexican Securities Market Law and its regulation and such other information as may be necessary under applicable law to facilitate the private resale of the shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**D. Indemnification**. If any of the Company shares owned by AENA are included in a registration statement under this letter agreement: (a) To the extent permitted by law, the Company will indemnify and hold harmless AENA, and the partners, members, officers, directors, and stockholders of AENA, and its legal counsel, accountants, agents and brokers; any underwriter (as defined in the Securities Act) for AENA; and any individual, corporation, partnership, trust, limited liability company, association or other entity (each a "<u>Person</u>"), if any, who controls AENA, within the meaning of the Securities Act or the Exchange Act (any such indemnified party, an "<u>Indemnified Person</u>"), against any Damages<sup>[1]</sup>, and the Company will pay to each such Indemnified Person any legal or other expenses reasonably incurred thereby in connection with investigating or defending any claim or proceeding from which Damages may result, as such expenses are incurred; <u>provided</u>, *<u>however</u>*, that the indemnity agreement contained in this <u>Section D(a)</u> shall not apply to amounts paid in settlement of any such claim or proceeding if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld, nor shall the Company be liable for any Damages to the extent that they arise out of or are based upon actions or omissions made in reliance upon and in conformity with written information furnished by or on behalf of any Indemnified Person for use in connection with such registration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) To the extent permitted by law, AENA will indemnify and hold harmless the Company, and each of its directors, each of its officers who has signed the registration statement, each Person (if any), who controls the Company within the meaning of the Securities Act, legal counsel and accountants for the Company, any underwriter (as defined in the Securities Act), and any controlling Person of any such underwriter, against any Damages, in each case only to the extent that such Damages arise out of or are based upon actions or omissions made in reliance upon and in conformity with written information furnished by or on behalf of AENA expressly for use in connection with such registration; and AENA will pay to the Company and each other aforementioned Person any legal or other expenses reasonably incurred thereby in connection with investigating or defending any claim or proceeding from which Damages may result, as such expenses are incurred; <u>provided</u>, <u>however</u>, that the indemnity agreement contained in this <u>Section D(b)</u> shall not apply to amounts paid in settlement of any such claim or proceeding if such settlement is effected without the consent of AENA, which consent shall not be unreasonably withheld; and <u>provided</u> further that in no event shall the aggregate amounts payable by AENA by way of indemnity or contribution under <u>Section D(b)</u> and <u>Section D(d)</u> exceed the proceeds from the offering received by AENA (net of any fees, costs and expenses of the underwriters and AENA's advisors that are paid by AENA), except in the case of fraud or willful misconduct by AENA.

<sup>[1]</sup> NTD: Material information already included within the definition of "Damages" below.

Ordered LiquidityPage 10

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Promptly after receipt by an indemnified party under this Section D of notice of the commencement of any action (including any governmental action) for which a party may be entitled to indemnification under this letter agreement, such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section D, give the indemnifying party notice of the commencement thereof. The indemnifying party shall have the right to participate in such action and, to the extent the indemnifying party so desires, participate jointly with any other indemnifying party to which notice has been given, and to assume the defense thereof with counsel mutually satisfactory to the parties; <u>provided</u>, <u>however</u>, that an indemnified party (together with all other indemnified parties that may be represented without conflict by one counsel) shall have the right to retain one separate counsel, with the fees and expenses to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or potential differing interests between such indemnified party and any other party represented by such counsel in such action. The failure to give notice to the indemnifying party within a reasonable time of the commencement of any such action shall relieve such indemnifying party of any liability to the indemnified party under this Section D, to the extent that such failure materially prejudices the indemnifying party's ability to defend such action. The failure to give notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this <u>Section D</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) To provide for just and equitable contribution to joint liability under the Securities Act in any case in which either: (i) any party otherwise entitled to indemnification under this letter agreement makes a claim for indemnification pursuant to this <u>Section D</u> but it is judicially determined (by the entry of a final judgment or decree by a court of competent jurisdiction and the expiration of time to appeal or the denial of the last right of appeal) that such indemnification may not be enforced in such case, notwithstanding the fact that this <u>Section D</u> provides for indemnification in such case, or (ii) contribution under the Securities Act may be required on the part of any party to this letter agreement for which indemnification is provided under this <u>Section D</u>, then, and in each such case, such parties will contribute to the aggregate losses, claims, damages, liabilities, or expenses to which they may be subject (after contribution from others) in such proportion as is appropriate to reflect the relative fault of each of the indemnifying party and the indemnified party in connection with the statements, omissions, or other actions that resulted in such loss, claim, damage, liability, or expense, as well as to reflect any other relevant equitable considerations. The relative fault of the indemnifying party and of the indemnified party shall be determined by reference to, among other things, whether the untrue or allegedly untrue statement of a material fact, or the omission or alleged omission of a material fact, relates to information supplied by the indemnifying party or by the indemnified party and the parties' relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission; <u>provided</u>, <u>however</u>, that, in any such case (x) AENA will not be required to contribute any amount in excess of the public offering price of all such Company shares offered and sold by AENA pursuant to such registration statement, and (y) no Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation; and <u>provided</u> further that in no event shall AENA's liability pursuant to this <u>Section D</u>, when combined with the amounts paid or payable by AENA pursuant to <u>Section D(b)</u>, exceed the proceeds from the offering received by AENA (net of any fees, costs and expenses of the underwriters and AENA's advisors that are paid by AENA), except in the case of willful deceit (*dolo*) or intentional fraud by AENA.

Ordered LiquidityPage 11

For purposes of this letter agreement, "<u>Damages</u>" shall mean any loss, damage, claim or liability (joint or several) to which a party to this letter agreement may become subject under the Securities Act, the Exchange Act, or other federal or state law, insofar as such loss, damage, claim or liability (or any action in respect thereof) arises out of or is based upon: (i) any untrue statement or alleged untrue statement of a material fact contained in any registration statement of the Company, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto; (ii) an omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading or (iii) any violation or alleged violation by the indemnifying party (or any of its affiliates or subsidiaries) of the Securities Act, the Exchange Act, any state securities law, or any rule or regulation promulgated under the Securities Act, the Exchange Act, or any state securities law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**E. Other Registration Obligations.** The Company may require AENA to provide to the Company information relating to the distribution of the securities and any additional information required to be included in the Registration Filing or Placement Memorandum.

AENA shall have the right, with the prior consent of the Company, which shall not be unreasonably withheld, to directly or indirectly, sell, transfer, assign, pledge, encumber, hypothecate or similarly dispose of, either voluntarily or involuntarily, or to enter into any contract, option or other arrangement or understanding with respect to the sale, transfer, assignment, pledge, encumbrance, hypothecation or similar disposition of, its Company shares to any Person (such Person, a "<u>Transferee Shareholder</u>"), directly or indirectly, by written agreement, any or all of its rights and obligations granted under this letter agreement in connection with a Transfer of all or a portion of its Company shares to such Person; <u>provided</u> that (a) AENA shall have the sole power to exercise the rights granted to AENA under this letter agreement on behalf of any such Transferee Shareholder, and the Company shall not be obligated to take any action with respect to any Company shares of any such Transferee Shareholder except upon notice and instructions by AENA, (b) any notice or other communication by the Company to AENA with respect to the matters governed by this letter agreement shall be deemed notice to a Transferee Shareholder with respect to any Company shares held by such Transferee Shareholder, (c) no such Transfer shall increase the aggregate number of Registration Requests that may be made under Section A(i) by AENA on behalf of itself or any such Transferee Shareholder, and (d) such Transferee Shareholder executes a joinder to this letter agreement, in form and substance reasonably acceptable to the Company, pursuant to which (x) such Transferee Shareholder shall, following the applicable Transfer, become responsible for all obligations applicable to AENA under this letter agreement with respect to the Company shares Transferred to such Transferee Shareholder and (y) the Company shall acknowledge the rights of the Shareholder Transferee under this letter agreement. If AENA Transfers only a portion of its Company shares, AENA shall retain all rights and obligations under this letter agreement with respect to the portion of the Company shares that it continues to hold following such Transfer.

Ordered LiquidityPage 12

This letter agreement shall be governed by and construed in accordance with the applicable federal laws of Mexico, to which AENA and the Company irrevocably and expressly submit. All disputes shall be submitted exclusively to and resolved by the competent federal courts of Mexico City, Mexico, and the Parties hereby waive any other jurisdiction to which they may be entitled by reason of their present or future domicile.

If the foregoing correctly sets out your understanding with respect to the processes for the sale of the Company shares owned directly or indirectly by Aena, please indicate your acceptance by signing a copy of this letter agreement.

[SIGNATURE PAGES FOLLOW]

---

| | |
|:---|:---|
| Kind regards, | Kind regards, |
| **Grupo Aeroportuario del Pacífico, S.A.B. de C.V.** | **Grupo Aeroportuario del Pacífico, S.A.B. de C.V.** |
| By: | /s/ Raul Revuelta Musalem |
| Name: | Raul Revuelta Musalem |
| Title: | Attorney |

---

Signature Page of the Orderly Liquidity Agreement Letter between Aena Desarrollo Internacional S.M.E. S.A., Sociedad Unipersonal and Grupo Aeroportuario del Pacífico, S.A.B. de C.V.

Accepted and agreed:

---

| | |
|:---|:---|
| **Aena Desarrollo Internacional S.M.E. S.A., Sociedad Unipersonal** | **Aena Desarrollo Internacional S.M.E. S.A., Sociedad Unipersonal** |
| By: | /s/ Emilio Rotondo Inclán |
| Name: | Emilio Rotondo Inclán |
| Title: | Attorney |

---

Signature Page of the Orderly Liquidity Agreement Letter between Aena Desarrollo Internacional S.M.E. S.A., Sociedad Unipersonal and Grupo Aeroportuario del Pacífico, S.A.B. de C.V.

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**Pacific Airport Group**

*(Name of Issuer)*

**Series B Shares**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**Maria Escrig Teigeiro**<br>Aena Desarrollo Int'l S.M.E., S.A., S.U.<br>Calle Peonias, 12<br>Madrid U3 28042<br>34 913 212 950

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**05/06/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Aena Desarrollo Internacional S.M.E., S.A., Sociedad Unipersonal** | Name of reporting person<br>**Aena Desarrollo Internacional S.M.E., S.A., Sociedad Unipersonal** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**SC** | Source of funds (See Instructions)<br>**SC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**U3** | Citizenship or place of organization<br>**U3** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**38994777.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**38994777.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**38994777.00** | Aggregate amount beneficially owned by each reporting person<br>**38994777.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.55%** | Percent of class represented by amount in Row (11)<br>**6.55%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** (1) The calculation of the percentage set forth in row 13 above is based on an aggregate 595,018,195 Series B and Series BB shares disclosed as outstanding as of May 7, 2026 by the Issuer's press release contained in its Form 6-K filing with the SEC on May 7, 2026.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Aena, S.M.E, S.A** | Name of reporting person<br>**Aena, S.M.E, S.A** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**SC** | Source of funds (See Instructions)<br>**SC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**U3** | Citizenship or place of organization<br>**U3** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**38994777.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**38994777.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**38994777.00** | Aggregate amount beneficially owned by each reporting person<br>**38994777.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.55%** | Percent of class represented by amount in Row (11)<br>**6.55%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** (1) The calculation of the percentage set forth in row 13 above is based on an aggregate 595,018,195 Series B and Series BB shares disclosed as outstanding as of May 7, 2026 by the Issuer's press release contained in its Form 6-K filing with the SEC on May 7, 2026.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Enaire E.P.E.** | Name of reporting person<br>**Enaire E.P.E.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**SC** | Source of funds (See Instructions)<br>**SC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**U3** | Citizenship or place of organization<br>**U3** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**38994777.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**38994777.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**38994777.00** | Aggregate amount beneficially owned by each reporting person<br>**38994777.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.55%** | Percent of class represented by amount in Row (11)<br>**6.55%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** (1) The calculation of the percentage set forth in row 13 above is based on an aggregate 595,018,195 Series B and Series BB shares disclosed as outstanding as of May 7, 2026 by the Issuer's press release contained in its Form 6-K filing with the SEC on May 7, 2026.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Series B Shares

**(b) Name of Issuer:**
Pacific Airport Group

**(c) Address of Issuer's Principal Executive Offices:**
AVENIDA MARIANO OTERO NO. 1249, PISO 6, COL. RINCONADA DEL BOSQUE, GUADALAJARA, JALISCO, O5, 44530

This statement on Schedule 13D (this "Schedule 13D") relates to the merger contemplated by the merger agreement, further described under Item 4, entered into by Grupo Aeroportuario del Pacifico, S.A.B. de C.V., as the surviving merging company (the "Issuer"), Aeropuertos Mexicanos del Pacifico, S.A.P.I. de C.V. ("AMP"), a variable capital investment company incorporated under the laws of Mexico, Aena Desarrollo Internacional S.M.E., S.A., Sociedad Unipersonal, a company incorporated under the laws of the Kingdom of Spain and a 33.33% shareholder of AMP ("AENA"), and the other parties thereto.

The 38,994,777 Series B shares for Sole Voting Power, Sole Dispositive Power, Shared Voting Power, Shared Dispositive Power, Aggregate Amount Beneficially Owned by Each Reporting Person and 6.55% Percent of Class Represented, includes 13,730,904 Series B shares and 25,263,873 Series BB shares, which are entitled to convert into Series B shares (subject to certain timing conditions and notice requirements pursuant to Article Six of the Issuer's Amended and Restated Bylaws) (Series B shares together with Series BB shares, the "Shares"), acquired by AENA pursuant to the Merger (as defined below). This calculation is derived from the number of outstanding Shares as of May 7, 2026, as disclosed in the Issuer's press release contained in its Form 6-K filing with the SEC on May 7, 2026.

**Item 4. Purpose of Transaction**

Grupo Aeroportuario del Pacifico, S.A.B. de C.V., (the "Issuer"), Aeropuertos Mexicanos del Pacifico, S.A.P.I. de C.V. ("AMP"), Aena Desarrollo Internacional S.M.E., S.A., Sociedad Unipersonal, a 33.33% shareholder of AMP, and the other parties thereto, entered into a merger agreement, dated April 30, 2026 (the "Merger Agreement", and the transactions thereunder, the "Merger"). Pursuant to the Merger, AMP merged into the Issuer, AMP was dissolved and the Issuer remained the surviving merged company. As consideration for the Merger, the Issuer issued new Series B shares, without par value, and Series BB shares, without par value, which have the right to convert to Series B shares (subject to certain timing conditions and notice requirements pursuant to Article Six of the Issuer's Amended and Restated Bylaws), to the shareholders of AMP, which includes AENA. The Reporting Persons acquired 13,730,904 Series B shares and 25,263,873 Series BB shares of the Issuer in connection with the consummation of the Merger.

Pursuant to the Merger Agreement, shareholders receiving Shares in the Merger are subject to lock-up and orderly disposition restrictions on the Shares received in the Merger for a period of 365 days following shareholder approval of the Merger (the "Lock-Up Period"). These restrictions are subject to partial releases permitting the disposition of up to 25% of such Shares after 90 days of the Lock-Up Period have elapsed and an additional 25% after 180 days of the Lock-Up Period have elapsed, with any such dispositions to be effected through either registered public offerings, private offerings, block sales coordinated with the Issuer or any other permitted means pursuant to applicable law. The foregoing description of the lock-up provisions is qualified in its entirety by reference to the full text of the Merger Agreement, which is translated into English and included as Exhibit 99.3 hereto, and is incorporated herein by reference.

In connection with entering into the Merger Agreement, AENA entered into a separate Registration Rights Agreement with the Issuer (the "Registration Rights Agreement") dated April 30, 2026, pursuant to which, among other things, AENA received customary demand registration rights and the right to request the conversion of any Series BB shares into Series B shares, subject to any limitations in the Issuer's Bylaws or the Merger Agreement (including the lock-up and orderly disposition provisions described above). The terms of the Registration Rights Agreement are subject to both the terms of the Merger Agreement and the Issuer's Bylaws. Pursuant to the Registration Rights Agreement, the Issuer has agreed to use commercially reasonable efforts to file a shelf registration statement on Form F-3 or S-3 with the SEC as promptly as possible after the date on which the Issuer would be eligible to file such registration statement, covering all of AENA's registrable securities for resale on a delayed or continuous basis under Rule 415 of the Securities Act of 1933 (the "Securities Act").  In addition, upon request of AENA, the Issuer has agreed to facilitate underwritten offerings, shelf takedowns, and block trades on the Mexican Stock Exchange, with the SEC, or on any other recognized securities market; provided that AENA is entitled to make up to two registration requests (or three if at least one is a block trade) in any twelve-month period, subject to a minimum aggregate market value of $100,000,000 per request.

The Registration Rights Agreement contains customary cross-indemnification provisions, under which the Issuer is obligated to indemnify AENA in the event of material misstatements or omissions in registration statement or prospectus and any violation alleged by the Issuer of the Securities Act, the Securities Exchange Act of 1934, as amended, any state securities law, or any rule or regulation thereunder, and AENA is obligated to indemnify the Issuer for material misstatements or omissions attributable to information provided by or on behalf of AENA.

The foregoing description of the Registration Rights Agreement is qualified in its entirety by reference to the full text of the form, which is translated into English and included as Exhibit 99.4 hereto, and is incorporated herein by reference.

The Reporting Persons, as investors in the Issuer, intend to continuously review their investment in the Issuer, the Issuer's business affairs and general industry and economic conditions, and the Reporting Persons' other business opportunities and liquidity considerations. Based on such review, the Reporting Persons may engage in discussions with the Issuer's management and board of directors, other shareholders, and other persons regarding the business affairs of the Issuer and may, at any time and from time to time, unless otherwise impermissible, determine to take an action which could involve one or more of the types of transactions contemplated in clauses (a) through (j) of Item 4 of Schedule 13D, including the Reporting Persons acquiring additional securities of the Issuer or disposing of all or a portion of the securities of the Issuer owned by them. Any action or actions that the Reporting Persons may undertake in respect of the Issuer's securities will be dependent upon the Reporting Persons' review of numerous factors, including, among other things: the price level and liquidity of the Issuer's securities; general market and economic conditions; ongoing evaluation of the Issuer's and the Reporting Persons' business, financial condition, operations, prospects and strategic alternatives; the relative attractiveness of alternative business and investment opportunities; tax considerations; and other factors and future developments. Notwithstanding anything to the contrary herein, the Reporting Persons specifically reserve the right to change their intentions with respect to any or all of the foregoing.

**Item 5. Interest in Securities of the Issuer**

**(a)**
The Reporting Persons may be deemed to beneficially own, in the aggregate, 13,730,904 Series B shares and 25,263,873 Series BB shares, representing approximately 6.55% of the Issuer's outstanding 595,018,195 Shares (reported as outstanding as of May 7, 2026 in the Issuer's press release contained in its Form 6-K filing with the SEC on May 7, 2026).

The 38,994,777 Series B shares for Sole Voting Power, Sole Dispositive Power, Shared Voting Power, Shared Dispositive Power, Aggregate Amount Beneficially Owned by Each Reporting Person and 6.55% Percent of Class Represented, includes 13,730,904 Series B shares and 25,263,873 Series BB shares.

The Reporting Person has sole voting power and sole dispositive power with regard to 38,994,777 Series B shares, in the aggregate and calculated as fully converted. Parent and ENAIRE, by virtue of its relationship to AENA (as disclosed in Item 2), may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Act) the shares which the Reporting Person directly beneficially owns.

Prior to the effectiveness of the Merger, AMP owned 21,628,281 Series B shares and 75,791,619 Series BB shares. The Reporting Persons, by virtue of its relationship to AMP, may be deemed to indirectly beneficially own such shares (as that term is defined in Rule 13d-3 under the Act).

As consideration for the Merger, AENA acquired 13,730,904 Series B shares and 25,263,873 Series BB shares of the Issuer, which have the right to convert to Series B shares (subject to certain timing conditions and notice requirements pursuant to Article Six of the Issuer's Amended and Restated Bylaws).

**(b)**
The information in Item 5(a) is incorporated herein by reference.

**(c)**
Except as described above or in the remainder of this paragraph, there were no other transactions with respect to Shares effected during the past 60 days by the Reporting Persons, or to the knowledge of the Reporting Persons or any of the persons listed in Schedule I of this Schedule 13D.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Merger Agreement

The information set forth in Item 4 is hereby incorporated by reference.

Registration Rights Agreement

The information set forth in Item 4 is hereby incorporated by reference.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Aena Desarrollo Internacional S.M.E., S.A., Sociedad Unipersonal

**Signature:** /s/ Emilio Rotondo Inclan

**Name/Title:** Emilio Rotondo Inclan / Chief Executive Officer

**Date:** 05/07/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Aena, S.M.E, S.A

**Signature:** /s/ Javier Marin San Andres

**Name/Title:** Javier Marin San Andres / Executive Deputy Chairman

**Date:** 05/07/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Enaire E.P.E.

**Signature:** /s/ Enrique Maurer Somolinos

**Name/Title:** Enrique Maurer Somolinos / Managing Director

**Date:** 05/07/2026