Document:

Supply Agreement (Sulphuric Acid) dated as of August 13, 2004

 Exhibit 10.3 
 CONFIDENTIAL TREATMENT REQUESTED UNDER 
 RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. 
 ***** INDICATES OMITTED MATERIAL THAT IS 
 THE SUBJECT OF A CONFIDENTIAL
TREATMENT REQUEST 
 FILED SEPARATELY WITH THE COMMISSION. 
 THE
OMITTED MATERIAL HAS BEEN FILED 
 SEPARATELY WITH THE COMMISSION.  
 EXECUTION COPY 
 SUPPLY AGREEMENT (SULPHURIC ACID) 
 SUPPLY AGREEMENT, dated as of August 13, 2004 (this “Agreement”), between Rhodia Inc., a corporation organized under the laws of
the State of Delaware (“Rhodia U.S.”) and Innophos, Inc. (f/k/a Phosphates Acquisition, Inc.), a corporation organized under the laws of Delaware (the “Purchaser”). 
 W I T N E S S E T H: 
 WHEREAS, Rhodia
U.S., Rhodia Canada Inc., Rhodia de Mexico S.A. de C.V, Rhodia Overseas Ltd, Rhodia Consumer Specialties Limited, the Purchaser and Phosphates Acquisition, Inc. have entered into an Agreement of Purchase and Sale, dated as of June 10, 2004 (the
“Purchase Agreement”; all capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Purchase Agreement), pursuant to which the Sellers agreed to sell to the Purchaser and the Purchaser agreed to
purchase from the Sellers, the Transferred Assets relating to the U.S. Business, the Canadian Business and the Mission Hills Business and the Transferred Shares with respect to the Coatza Business of the Sellers, all as more particularly set forth
in the Purchase Agreement; 
 WHEREAS, Rhodia U.S., PCS Sales (USA), Inc., a
corporation organized under the laws of the State of Delaware (“PCS”), and PCS Nitrogen Fertilizer, L.P., a Delaware limited partnership (“PCSN”) have entered into an Amended and Restated Acid Purchase Agreement, dated as of
March 23, 2000 (as in effect on the date hereof) (the “PCS Agreement”),pursuant to which PCS agreed to sell to Rhodia U.S. and Rhodia U.S. agreed to purchase from PCS certain quantities of P2O5 and Rhodia U.S. agreed to sell to PCS and PCS agreed to purchase from Rhodia
U.S. a portion of the sulphuric acid required to produce phosphoric acid at the phosphoric acid production facility of PCSN located at Geismar, Louisiana (the “Geismar Plant”); 
 WHEREAS, the PCS Agreement was assigned to the Purchaser as part of the Transferred Assets and the Purchase Agreement contemplates that Rhodia U.S. and
the Purchaser shall enter into a supply agreement relating to the supply of sulphuric acid by Rhodia U.S. to the Purchaser for resupply by the Purchaser in accordance with the obligations of the Purchaser under Section 7 of the PCS Agreement;
and 
 WHEREAS, Rhodia U.S. is willing to supply such sulphuric acid to the Purchaser on the terms and conditions set forth herein.

 NOW, THEREFORE, in consideration of the premises and the mutual agreements and covenants hereinafter set
forth and intending to be legally bound hereby, Rhodia U.S. and the Purchaser hereby agree as follows: 
 1. Sale and Purchase of
Sulphuric Acid. 
 (a) Sale and Specification. Rhodia U.S. shall sell and deliver to the Purchaser and
the Purchaser shall purchase and take from Rhodia U.S. at the Geismar Site sulphuric acid meeting the specifications set forth in Exhibit H of the PCS Agreement (a copy of which is attached hereto). Sulfuric acid furnished by Rhodia U.S. shall
be delivered by barge, ship or, in the event access cannot be provided to Rhodia U.S. in accordance with the next sentence, tank truck to Purchaser FOB the Geismar Plant. Rhodia U.S. may make shipments by any other practicable means acceptable
to Purchaser. In the case of bulk carload, tank car, tank truck or barge shipments, Rhodia U.S.’ weight shall govern unless proven to be in error. The Purchaser shall use reasonable efforts to make arrangements for Rhodia U.S. to have access to
the dock at the Geismar Site or such other alternative arrangements as may be necessary to deliver the sulphuric acid to the Purchaser. 
 (b) Quantity. 
 (i) In each calendar year hereunder the Purchaser shall purchase
and Rhodia U.S. shall supply the amount of sulphuric acid that PCSN shall be required to purchase and the Purchaser shall be required to supply in accordance with Section 7.2(a) of the PCS Agreement. Rhodia U.S. shall cooperate with PCSN and
the Purchaser in establishing monthly shipping and delivery schedules with reasonably equivalent monthly quantities, consistent with past practice. The Purchaser shall provide Rhodia U.S. with the written notice received by the Purchaser in
accordance with Section 7.2(a) of the PCS Agreement promptly after the Purchaser receives such written notice from PCSN (but not later than five (5) days after receipt thereof). The quantity of sulphuric acid that Rhodia U.S. supplies to
the Purchaser cannot exceed [*****] of the amount of Sulphuric acid required by PCSN for the production of Green Acid (as defined in the PCS Agreement) to be delivered to the Purchaser in the next succeeding calendar year, pursuant to the PCS
Agreement, nor be less than [*****] of such amount. In the event that PCSN requires from the Purchaser in any calendar year during the term of the PCS Agreement less than [*****] of the amount of sulphuric acid required by it for the production of
Green Acid (as defined in the PCS Agreement) to be delivered to the Purchaser in such year (down to Rhodia U.S.’s [*****] minimum supply level), the Purchaser shall pay Rhodia [*****] ton of sulphuric acid short of the [*****] level as
liquidated damages and not as a penalty; provided, that: (A) [*****]; (B) the Purchaser shall take all actions, as directed by Rhodia U.S., to obtain reimbursement from PCSN; (C) Rhodia U.S. shall reimburse the Purchaser for all out
of pocket costs and expenses that are incurred by the Purchaser in connection with the collection of such reimbursement (but only to the extent such costs and expenses are approved by Rhodia U.S. prior to being incurred) and (D) the Purchaser
shall in no event waive its rights to such reimbursement. 
 (ii) In the event that Rhodia U.S. shall fail to provide in any
calendar year during the term of this Agreement at least [*****] of the amount of sulphuric acid it is committed to supply to the Purchaser for such year in accordance with Section l (b)(i) hereto (a “Shortfall”) [*****], Rhodia U.S. shall
either (A) reimburse the Purchaser [*****], or (B) in the event that the Purchaser supplies such Shortfall through an alternative source, reimburse the Purchaser for the difference between the Purchaser’s direct costs to obtain such
alternative supply and the price that the Purchaser would have otherwise paid herein for such Shortfall within five (5) Business Days of receipt of evidence of such costs. [*****], the Purchaser shall reimburse Rhodia U.S. for any financial
loss Rhodia U.S. incurs as a result of such [*****] within five (5) Business Days of receipt of evidence of such loss; provided, that: (W) [*****]; (X) the Purchaser shall take all actions, as directed by Rhodia U.S., to obtain
reimbursement from PCSN; (Y) Rhodia U.S. shall reimburse the Purchaser for all out of pocket costs and expenses that are incurred by the Purchaser in connection with the collection of such reimbursement (but only to the extent such costs and
expenses are approved by Rhodia U.S. prior to being incurred) and (Z) the Purchaser shall in no event waive its rights to such reimbursement from PCSN. 

 (iii) In the event that the Purchaser in any calendar year during the term of this
Agreement accepts less than [*****] of the amount it is committed to take for such year in accordance with Section 1(a) hereof for any reason including without limitation the failure of PCSN to accept less than the amount it is committed to
take for such year in accordance with Section 7.2(a) of the PCS Agreement, the Purchaser shall pay Rhodia U.S. [*****] per ton of sulphuric acid short of such percentage to compensate Rhodia U.S. for its costs and expenses in canceling, or
arranging alternative outlets for, its sulphuric acid supply, as liquidated damages and not as a penalty; provided, that: (A) [*****]; (B) the Purchaser shall take all actions, as directed by Rhodia U.S., to obtain reimbursement from PCSN
and (C) the Purchaser shall in no event waive its rights to such reimbursement. Any amount paid hereunder shall be in addition to any amounts payable under the last sentence of Section 1 (b) (i). 
 (iv) In no event shall Rhodia U.S. be required to supply a volume of sulphuric acid in excess of the amount required to produce the
quantity of Green Acid (as defined in the PCS Agreement) delivered to the Purchaser pursuant to the PCS Agreement. 
 (c) Price. The price of sulphuric acid supplied to the Purchaser by Rhodia U.S. shall be set forth in Exhibit I of the PCS Agreement (a copy of which is attached hereto). 
 2. Price Escalation. 
 (a) [*****]. The price of sulphuric acid sold and purchased under this Agreement shall be adjusted in accordance with adjustments made to sulphuric acid under Section 8.1 of the PCS Agreement. 
 (b) Record Keeping. The parties shall maintain accounting and budget systems sufficiently detailed to provide a
reasonably complete basis for cost determination and allocation by an independent auditor. Where costs include man-hours, the parties shall keep records such as work orders, logs and other time records sufficiently detailed to verify the number of
hours worked per person. 
 (c) Independent Auditor. On an annual basis Rhodia U.S. and the Purchaser may
designate a mutually acceptable independent auditor (which auditor shall be the same auditor used under Section 8.3 of the PCS Agreement) who shall have access at all reasonable times to such records and facilities as may be required to verify
actual costs, conversion ratios, inventories and similar matters related to this Agreement. Such audit shall be consistent with generally accepted accounting practices. If the results of any audit disclose a material error of omission or commission
in the method of calculation of any charge hereunder, such affected calculation or charge shall be subject to retroactive adjustment relating back no further than the previous audit or reconciliation. Rhodia U.S. and the Purchaser shall share
equally the cost of such annual audit. 
 3. Term. 
 (a) This Agreement shall be in effect from the date hereof (the “Effective Date”)and shall continue in full force
and effect until the expiration or termination of the PCS Agreement, including any renewals or extensions thereof explicitly provided for in the PCS Agreement, in accordance with Article 9 of the PCS Agreement. In the event that the Purchaser
notifies PCS of its intention to exercise its option to terminate the PCS Agreement in accordance with Section 9.4 thereof, the Purchaser will promptly notify Rhodia U.S. of such action. 
 (b) This Agreement may be terminated (i) by mutual written consent of the parties or (ii) by Rhodia U.S. upon written
notice to the Purchaser upon any assignment, delegation or transfer of the PCS Agreement in any manner whatsoever in accordance with Section 17.1 of the PCS Agreement; provided, that so long as this Agreement is assigned by the Purchaser in
compliance with Section 17 hereof then Section 3(b)(ii) shall not apply. 

 4. Limited Warranty, Limitation of Liability. 
 (a) Limited Warranty. 
 (i) Rhodia U.S. represents and warrants to the Purchaser that it has and shall have good and valid title to all sulphuric acid delivered by Rhodia U.S. to the Purchaser pursuant to this Agreement and that such
sulphuric acid shall be free and clear of any liens or encumbrances thereon. 
 (ii) Rhodia U.S. represents and warrants
to the Purchaser that all sulphuric acid to be delivered by Rhodia U.S. to the Purchaser pursuant to the terms of this Agreement shall meet the specifications as set forth in Exhibit H. 
 (iii) Subject to the preceding Sections 4(a)(i) and 4(a)(ii), RHODIA U.S. MAKES NO REPRESENTATION OR WARRANTY OF ANY KIND, EXPRESS OR
IMPLIED, IN FACT OR IN LAW, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND THOSE ARISING FROM A COURSE OF DEALING OR USAGE OF TRADE, OR ANY OTHER MATTER WITH RESPECT TO THE SULPHURIC ACID.

 (b) Limitation of Liability. 
 (i) Neither party shall be liable to the other for special, incidental, indirect, punitive or consequential damages (including, but
not by limitation, lost profits) in excess of the purchase price of the goods in respect of which such claim is made resulting from immaterial breaches of warranty with respect to the supply of sulphuric acid hereunder, regardless of whether such
liability is based upon breach of this Agreement, negligence, breach of warranty or otherwise. For purposes of this Section 4(b )(i), “immaterial breach” shall be defined as a breach of warranty continuing for no more than 120
consecutive hours following receipt of written notice of such breach by the breaching party. The cumulative annual total of up to 360 hours during which any breach of warranty continues after notice shall also be deemed an “immaterial
breach” for purposes of this Section 4(b)(i). 
 (ii) All claims by either party against the other party with
respect to the sulphuric acid (whether based in contract, warranty, negligence, strict liability, tort or otherwise) shall be deemed waived unless made in writing and received by the other party within ninety (90) days after delivery of the
sulphuric acid in respect to which the claim is made. 
 5. Excuse of Performance. 
 (a) Force Majeure. No liability shall result from delay in performance caused by circumstances beyond the control of the
party affected, including, but not limited to act of God, fire, flood, war, government action, equipment failure, labor trouble or shortage, inability to obtain adequate material, equipment or transportation. Quantities so affected may be eliminated
from the contract at the discretion of the party affected without liability, but the contract shall remain otherwise unaffected. 
 (b) Efforts to Overcome Force Majeure. Each of Rhodia U.S. and the Purchaser agrees that if such party is prevented by force majeure from performing in whole or in part its undertakings hereunder, it shall diligently use
all reasonable efforts to overcome such force majeure and to resume in full performance of all of its obligations hereunder. 
 (c) Settlement of Strikes and Labor Disturbances. The settlement of strikes or labor disturbances shall be entirely within the discretion of the party having the difficulty, and any requirement that force majeure shall be
remedied with all reasonable dispatch shall not require the settlement of strikes or labor disturbances by acceding to the demands of the opposing party or parties when such course is inadvisable in the discretion of the party having the difficulty.

 (d) Notice of Force Majeure. In the event that Rhodia U.S. or the
Purchaser shall be rendered unable, wholly or in part, by force majeure, to carry out its obligations, other than to make payments, notice and full particulars of such force majeure shall be given to the other party as promptly as practicable after
the occurrence of such force majeure and provided such notice is given as aforesaid, the obligations hereunder of the party giving such notice, so far but only so far as they are affected by such force majeure, shall be suspended during the
continuance of any inability so caused but for no longer period, and such party shall remedy such inability with all reasonable dispatch. 
 6. Indemnification. 
 (a) Rhodia U.S. Rhodia U.S. shall hold harmless and indemnify the
Purchaser for all damages, claims or actions, including injury to or death of persons or damage to property, caused by or resulting from Rhodia U.S.’s handling or possession of sulphuric acid pursuant to this Agreement. 
 (b) The Purchaser. The Purchaser shall hold harmless and indemnify Rhodia U.S. for all damages, claims or actions,
including injury to or death of persons or damage to property, caused by or resulting from the Purchaser’s handling or possession of sulphuric acid pursuant to this Agreement or brought by PCS or PCSN, except to the extent Rhodia U.S. has
indemnity obligations pursuant to Section 6(a) hereto. 
 (c) Employees. Employees or representatives of
either party, who are present under any provision of this Agreement on the properties of the other party, shall be so present at the risk of the employer of such persons, and such employer agrees to fully protect and indemnify the other party
against any liability to such employees or representatives, except in those instances where the liability arises solely from the negligence or willful misconduct of such other party. Further, each party agrees to save harmless and indemnify the
other against claims for injuries or damages to persons or property occurring on the indemnified party’s property and caused or alleged to have been caused by employees of the other party while such employees were present on the indemnified
party’s property. 
 7. Notices. All notices, requests, demands, claims and other communications hereunder shall be in
writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by courier service, by telecopy or by registered or certified mail (postage prepaid, return receipt requested) to the
respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this Section 7): 
  

	 	(a)	if to Rhodia U.S.: 

 Rhodia Inc.

 26 Quai Alphonse Le Gallo 
 92512 - Boulogne Billancourt Cedex 
 France 
 Telecopy: + 33.1.55.38.40.00 
 Attention: General Counsel 

 with a copy to: 
 Rhodia Inc. 
 259 Prospect Plains Road 
 Cranbury, NJ 08512 
 Telecopy: 609-860-0297 
 Attention: General Counsel 
 with a copy to: 
 Shearman & Sterling LLP 
 114, avenue des Champs-Elysees 
 75008 - Paris 
 France 
 Telecopy: + 33.1.53.89.70.70 
 Attention: Hubertus V. Sulkowski, Esq. 
 with a copy to: 
 Shearman & Sterling LLP 
 599 Lexington Avenue 
 New York, New York 10022 
 Telecopy: 212-848-7179 
 Attention: Peter J. Rooney, Esq. 

	 	(b)	if to the Purchaser: 

 Innophos, Inc.

 259 Prospect Plains Road 
 Cranbury, New Jersey 08512 
 Telecopy: 609-860-0350 
 Attention: Randy Gress 
 with a copy to: 
 Kirkland & Ellis LLP 
 153 East 53rd Street 
 New York, New York 10022 
 Telecopy: 212-446-4900 
 Attention: Eunu Chun, Esq. 
 8. Hazardous Nature of Materials. Each party knows and understands that sulphuric acid is or may have been in contact with certain materials that are toxic, corrosive, dangerous or hazardous. Each party, as applicable,
agrees to advise and inform its employees, agents and representatives, and any independent contractor employed by such party and any immediate purchaser of the sulphuric acid of the nature of the sulphuric acid, the hazards associated with the
sulphuric acid, any recommended handling precautions and all appropriate measures to insure the safety and well-being of persons, property and the environment prior to commencement of work involving the sulphuric acid or the purchase thereof. Each
party, as applicable, shall promptly inform the other in writing of any health, safety or environmental hazard relating to the sulphuric acid that becomes known to such party subsequent to the execution of this Agreement. 
 9. Compliance With Laws. Each party shall comply with all the Laws, ordinances, regulations, rules, orders, and actions, whether
federal, state, or local, which may now or hereafter be applicable to its performance under this Agreement. 
 10. Environment. Each party, as applicable, shall use all reasonable efforts to prevent hazards to health and the environment in the generation, handling, possession, transportation, processing, use, resale and/or
disposition of sulphuric acid in accordance with this Agreement. 
 11. Independent Contractor. Rhodia U.S. shall act as an
independent contractor and not as the agent of the Purchaser in supplying the sulphuric acid, maintaining control over its employees, its subcontractors and their 

 
employees and complying with all withholding of income at source requirements, whether federal, state, local or foreign. No employee of Rhodia U.S. shall be
considered an employee of the Purchaser or any of its Affiliates. 
 12. Employees. Neither party shall have the right to
exercise any control over the other’s employees, all of whom are entirely under the control and the direction of the party employing the same who shall be responsible for their actions and omissions. 
 13. Commissions or Fees. Neither party shall pay any commissions or fees or grant any rebates to any employees, officers, or authorized
representatives of the other party. 
 14. Calculations. All calculations, payments, and statements of payments due under
this Agreement shall be accompanied by supporting documentation, if requested. The party preparing such calculations and statements shall maintain sufficient records kept in accordance with generally accepted accounting principles, to verify such
calculations and statements. 
 15. Public Announcements. No party shall make, or cause to be made, any press release or
public announcement in respect of this Agreement or the transactions contemplated hereby or otherwise communicate with any news media regarding this Agreement without prior notification to the other party, and the parties shall cooperate as to the
timing and contents of any such press release or public announcement. Notwithstanding the foregoing, any party may make an announcement concerning the supply of sulphuric acid without prior notification to the other parties if required by
(i) the Laws of any relevant jurisdiction, (ii) any existing contractual obligations, or (iii) any Governmental Authority to which either party is subject or submits, wherever situated, whether or not the requirement has the force of
Law; provided, however, that in the case of clause (i), (ii) or (iii), the relevant party shall take such steps as may be reasonable and practicable under the relevant circumstances to agree on the contents of such announcement with the other
parties before making such an announcement. 
 16. Headings. The descriptive headings contained in this Agreement are for
convenience of reference only and shall not affect in any way the meaning or interpretation of this Agreement. 
 17. Assignment. Neither party may assign, delegate or transfer this Agreement or any of its respective rights or obligations hereunder in any manner whatsoever, by operation of Law or otherwise (including, without
limitation, by merger, contribution, spin-off or otherwise), without the prior written consent of the other party, which consent may be granted or withheld in the sole discretion of such party, and any attempted assignment thereof shall be void
provided, that the Purchaser and Rhodia U.S. may assign or transfer this Agreement to its Affiliates, to its financing sources (for collateral purposes) and, only in the case of Purchaser, to any subsequent purchaser of the Business (as defined in
the Purchase Agreement) or any portion thereof; provided, however, no assignment shall relieve any party of its obligations hereunder, either in whole or in part, in any manner. 
 18. No Third Party Beneficiaries. This Agreement shall be binding upon and inure solely to the benefit of the parties hereto and their
permitted assigns and, except as expressly permitted herein, nothing herein is intended to or shall confer upon any other Person, any right, benefit or remedy of any nature whatsoever, under or by reason of this Agreement. 
 19. Entire Agreement. This Agreement and the Purchase Agreement constitute the entire agreement between the parties with respect to the
subject matter hereof and supersede all other prior agreements and understandings, oral or written, between the parties with respect to the subject matter hereof. 
 20. Amendment. This Agreement may not be amended or modified except (a) by an instrument in writing signed by, or on behalf of, Rhodia U.S. and the Purchaser or (b) by a waiver in accordance
with Section 17 hereof. The PCS Agreement may not be amended without the prior written consent of Rhodia U.S. 

 21. Extension; Waiver. Either party to this Agreement may (a) extend the time for
the performance of any of the obligations or other acts of the other party, (b) waive any inaccuracies in the representations and warranties of the other party contained herein or in any document delivered by the other party pursuant hereto, or
(c) waive compliance with any of the agreements of the other party or conditions to such party’s obligations contained herein. Any such extension or waiver shall be valid only if set forth in an instrument in writing signed by the party to
be bound thereby. Any waiver of any term or condition shall not be construed as a waiver of any subsequent breach or a subsequent waiver of the same term or condition, or a waiver of any other term or condition of this Agreement. The failure of any
party to assert any of its rights hereunder shall not constitute a waiver of any such rights. 
 22. Severability. If any
term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any Law or public policy, all other terms and provisions of this Agreement shall nevertheless remain in full force and effect. Upon such determination
that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an
acceptable manner in order that the transactions contemplated hereby are consummated as originally contemplated to the greatest extent possible. 
 23. Counterparts. This Agreement may be executed in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which
taken together shall constitute one and the same agreement. 
 24. No Additional Rights. Except as expressly provided in
this Agreement, the Purchase Agreement and the Ancillary Agreements, the parties agree that this Agreement shall not grant to the Purchaser any additional rights to Rhodia U.S., proprietary information, technology or know-how. 
 25. Specific Performance. The parties agree that irreparable damage would occur in the event any provision of this Agreement was not
performed in accordance with the terms hereof and that, to the extent permitted by applicable Laws, the parties shall be entitled to specific performance of the terms hereof, in addition to any other remedy at law. 
 26. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. All Actions
arising out of or relating to this Agreement shall be heard and determined exclusively in any New York federal court sitting in the Borough of Manhattan of The City of New York; provided, however, that if such federal court does not have
jurisdiction over such Action, such Action shall be heard and determined exclusively in any New York state court sitting in the Borough of Manhattan of The City of New York. Consistent with the preceding sentence, the parties hereto hereby
(a) submit to the exclusive jurisdiction of any federal or state court sitting in the Borough of Manhattan of The City of New York for the purpose of any Action arising out of or relating to this Agreement brought by either party hereto and
(b) irrevocably waive, and agree not to assert by way of motion, defense, or otherwise, in any such Action, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from
attachment or execution, that the Action is brought in an inconvenient forum, that the venue of the Action is improper, or that this Agreement or the transactions contemplated by this Agreement may not be enforced in or by any of the above-named
courts. 
 27. Waiver of Jury Trial. EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH OF THE PARTIES HERETO HEREBY
(A) CERTIFIES THAT NO REPRESENTATIVE, 

 
AGENT OR ATTORNEY OF THE OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE
THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION
23. 
 28. References to PCS Agreement. Any reference to the PCS Agreement and Exhibits thereto contained herein shall be to the
PCS Agreement and Exhibits thereto as of the date hereof, a copy of which is attached hereto as Exhibit A. 
 [REMAINDER OF PAGE
INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first
written above by their respective officers thereunto duly authorized. 
  

			
	RHODIA INC.
		
	BY:	 	/S/  JACQUES LEHRE
		 	Jacques Lehre, Authorized Signatory
	
	INNOPHOS, INC.
		
	BY:	 	/S/  MARK FEUERBACH
		 	Mark Feuerbach, CFOPurchasing Agreement

 Exhibit 10.5 
 CONFIDENTIAL TREATMENT REQUESTED UNDER RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED 
 ***** INDICATES OMITTED MATERIAL THAT IS THE
SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST FILED SEPARATELY WITH THE COMMISSION. 
 THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION.

 PURCHASING AGREEMENT 
 INNOPHOS,
INC. (“BUYER”) hereby agrees to purchase from MISSISSIPPI LIME COMPANY (“SELLER”), and SELLER hereby agrees to sell to said BUYER the following products for shipment to the destinations designated
hereunder: 
 PRODUCTS: Various Grades of Quicklime and Hydrated Lime, as specified in Schedule I, appended hereto and made an
integral part hereof (“Products”). 
 QUANTITY: [*****] Products at its Facilities specified under the section entitled FACILITIES
(“Facilities”) below, estimated but not guaranteed to be either less than, or to exceed, the volumes per annum, respectively, indicated in Schedule II, appended hereto and made an integral part hereof. Should
Buyer’s actual requirements for Products at any one or all of its Facilities in any Contract Year fall below the minimum of the range stipulated herein, in no event shall Buyer be required to take or otherwise compensate Seller for any such
quantities of Products not taken. Buyer shall provide to Seller in writing on or before the last business day of October of each year during the contract its good faith, non-binding estimated requirements for Product for the next calendar year.

 QUALITY: Per Specification Sheets appended hereto as Schedule I, and made an integral part hereof (“Specifications”).

 INITIAL TERM: A period of [*****] Contract Years, from 1 January 2008 through
31 December [*****]; continuing from year to year thereafter unless either party shall give written notice to the other before 30 September [*****] or any subsequent 30th of September. 
 PACKAGING (UOM): Short Tons (ST), of 2,000 lbs. each, in bulk, delivered to each of Buyer’s
Facilities, respectively. 
 PRICING & PRICE-ADJUSTMENT: As specified in Schedule III, appended hereto and made an
integral part hereof. 
 TERMS OF PAYMENT: Net 30 Days 
 TRANSPORTATION MODE & TERMS: In Hopper Cars, FOB Seller’s Facilities. Innophos will be responsible for providing a portion of the Railroad Hopper Cars. 
 SHIPPING SCHEDULE: As released by personnel at each Facility. 
  

 Page 1    13 

 FACILITIES: 
  

	 	•	 	 Chicago Heights, Illinois 

  

	 	•	 	 Nashville, Tennessee 

  

	 	•	 	 Mission Hills, Mexico 

 THE ADDITIONAL
TERMS AND CONDITIONS ATTACHED HERETO ARE HEREBY INCORPORATED HEREIN AND MADE A PART OF THIS AGREEMENT. 
 THIS AGREEMENT IS INVALID UNLESS SIGNED BY
BOTH PARTIES HEREUNDER. 
 TERMS AND CONDITIONS 
 1. Separate Sales: Each delivery hereunder shall constitute a separate sale with the same effect as though made under a separate
contract covering only the amount thereof. 
 2. Taxes: Any new tax, or other governmental charge, or increase
thereof including increases in existing taxes, upon the production, sale and/or shipment of the Products sold under this Agreement (other than taxes based upon Seller’s net income), whether by federal, state or municipal authorities, imposed on
or after the date of this Agreement, shall be added to the price then in effect hereunder and shall be paid to Seller by Buyer. Seller represents and warrants that all applicable existing taxes are included fully in the Price or separately
identified in Schedule III. 
 3. Product Hazards: Seller shall adequately warn Buyer of the risks associated with
handling, using, transporting, storing and disposing of the Product, including without limitation, those set forth in Seller’s Material Safety Data Sheet for Product (“MSDS”). Buyer shall maintain compliance in all material respects
with all safety and health related governmental requirements concerning Product. 
 4. Shipments: Buyer will give
Seller detailed instructions for the delivery of goods (with delivery orders, purchase orders or equivalent requests such as requested shipping notes and/or invoices). This Agreement will apply to any purchases so made. Buyer will not accept charges
for packaging unless by prior agreement in writing. Any warehousing or customs charges incurred as a result of lack or late receipt of correct documents will be charged to Seller. Buyer shall be responsible for all freight charges. 

5. Environmental Compliance: Seller warrants that all substances provided hereunder comply in all material respects with the
applicable requirements of federal, state and local environmental laws, including the U.S. Toxic Substances Control Act and the regulations promulgated under such laws. 
 6. Invoicing: Product will be purchased “F.O.B. Seller’s Plant” and Buyer shall be responsible for transportation charges. 
 7. Meet or Release: This Meet or Release clause shall become effective January 1, 2009. Should Buyer receive a
written competitive offer from another party to supply Products of equal quality, deliverable in quantities constituting [*****] of the remaining contract quantity requirements hereunder, [*****], with equal terms and equal conditions resulting
in lower delivered prices than the prices then in effect hereunder, then Buyer may give written notice to Seller. Upon giving written notice, Buyer agrees to provide satisfactory proof to Seller of the competitive offer. Satisfactory proof
includes but is not limited to: (i) verification of the competitive written offer; (ii) disclosure of the company and manufacturing location(s) that would sell and produce the Product(s); (iii)

  

 Page 2    13 

 
analytical verification that Products to be supplied are of equal or better quality than the specification listed in Schedule I. After receiving both
written notification and satisfactory proof of the written offer; Seller will have 30 days to provide written notification that it will either (i) match the competitive offer by providing pricing equal to the greater of the exact pricing during
remaining term of the this contract or the average price over the total term of the competitive offer or (ii) provide an alternate proposal to the Buyer. If Seller elects to match the competitive offer as stated above the new pricing will
be effective within thirty (30) days of that election. If Seller provides an alternate proposal, as stated above, Buyer will have (30) days either to accept or decline the alternate proposal. If the alternate proposal is
accepted, it would be added as an amendment to this contract and effective within thirty (30) days. If Buyer declines the alternate proposal then Seller will elect a time, no longer than one hundred and twenty (120) days from date the
Buyer declines, at which both parties shall thereupon be released from any further obligation under this contract as to the Facilities encompassed by the competitive offer.
 8. Production Process Changes: Seller shall notify Buyer ninety (90) days prior to making any changes to Products,
which will cause Products not to meet specifications listed in Schedule I or in Seller’s reasonable judgment will otherwise not be reasonably equivalent to Products produced prior to such change, and shall obtain Buyer’s
agreement that such changes do not render the Products supplied hereunder unsuitable for Buyer’s use prior to instituting such changes. 
 9. Quantity And Quality Requirements: Notwithstanding Buyer’s stated requirements for Product(s) herein, Buyer shall have the right to receive Product(s) from another supplier for the purpose of conducting
“trial runs” within the time frame and quantities necessary to “test” the efficacy of Product(s) from another supplier, which trial runs shall not last for more than two weeks. Should Seller be unable to meet Buyer’s
quantity and quality requirements, it shall be deemed a breach of this Agreement subject to the terms of Section 10. Upon a breach, Buyer may, upon written notice to Seller, reduce the allocation by the amount of Seller’s
inability to ship, or cancel this Agreement without any obligation to Seller, if Seller cannot meet Buyer’s quantity and quality requirements upon written notice to Seller. 
 10. Fulfilling Production Requirements: Subject to Section 11, should Seller fail due to causes within Seller’s control
to meet Buyer’s scheduled releases, provided they were previously forecasted in Schedule II, as mutually agreed to by both parties, Seller shall take all reasonable steps, including but not limited to, working extra hours, shifts, or days to
fulfill Seller’s obligations hereunder. All costs for such effort will be at Seller’s expense. Further, Seller may use alternate shipping methods to expedite delivery to Buyer to meet schedules to which both parties agree. In such cases,
Seller must receive Buyer’s approval prior to the use of any carrier other than those on Buyer’s approved carrier list. Additional shipping costs resulting from expedited deliveries or use of alternate carriers will be at Buyer’s
expense. 
 11. Product Warranties:  
 (a) All claims relating to quality, quantity, weight, condition and loss of or damage to the Products contained in any
delivery hereunder will be deemed waived by Buyer unless made in writing to Seller within thirty (30) days after acceptance of delivery by Buyer, unless such is not reasonably discoverable in which event within ten (10) days from actual
discovery; provided, however, in any event all claims of Buyer will be deemed waived unless made in writing to Seller within 90 days of acceptance of delivery by Buyer. 
 (b) Except as stated in “Patents”, Seller warrants only its title to the Products and that the quality of the
Product(s) shall conform to the Specifications. EXCEPT FOR THE WARRANTIES EXPRESSLY SET FORTH IN THIS AGREEMENT, ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, ARE HEREBY
EXCLUDED WHETHER THE ITEMS ARE USED ALONE, IN COMBINATION WITH, IN THE MANUFACTURE OF, OR IN THE PRODUCTION OF, OTHER SUBSTANCES, ITEMS, OR OTHERWISE. BUYER’S EXCLUSIVE REMEDY FOR BREACHES OF THIS WARRANTY SHALL BE REPLACEMENT OF THE
NON-CONFORMING PRODUCT OR A PRICE ADJUSTMENT FOR THE SHIPMENT OF NON-CONFORMING PRODUCT. 
  

 Page 3    13 

 12. Breach of Terms: In the event either party materially breaches any of the
material terms of this Agreement or its extension(s), the non-breaching party shall notify the breaching party and the breaching party shall have thirty (30) days to correct the breach. If said breach is not remedied within such period, the
non-breaching party shall then have the right to terminate this Agreement immediately upon written notice without further obligation to the breaching party. 
 13. Force Majeure: Seller’s failure or inability to make, or Buyer’s failure or inability to take, any delivery or deliveries when due, or the failure or inability of either party to
effect timely performance of any other obligation required of it hereunder, other than the payment of money, if caused by “Force Majeure”, as hereinafter defined, shall not constitute a default hereunder or subject the party affected by
Force Majeure to any liability to the other; provided, however, the party so affected shall promptly notify the other of the existence thereof and of its expected duration and the estimated effect thereon upon its ability to perform its obligations
hereunder. Such party shall promptly notify the other party when such Force Majeure circumstance has ceased to affect its ability to perform its obligations hereunder. The quantity to be delivered hereunder shall be reduced to the extent of the
deliveries omitted for such cause or causes unless both parties agree that the total quantity to be delivered shall remain unchanged; and Buyer shall be free to purchase elsewhere any quantities Seller is unable to deliver due to such Force Majeure
circumstance. For so long as its ability to perform hereunder is affected by such Force Majeure circumstances, Seller may, at its option, elect to allocate its total production of such Products among its various requirements therefore (e.g.,
manufacturing and sales) in such manner as Seller deems practicable and which, in the opinion of Seller, is fair and reasonable [*****] for Buyer’s facilities covered by the Agreement. During the time that Seller is unable to make deliveries or
otherwise perform, it shall not be obligated to procure, or to use its best efforts to procure, any quantity of Products sold hereunder from any alternate producer or supplier. As used herein, the term “Force Majeure” shall mean and
include any act of God, war, riot, fire, explosion, accident, flood, sabotage, governmental laws, regulations, order, injunction, or other acts of government (including any agency or department of the United States of America), strikes, plant or
equipment failure, lack of availability of materials, energy, labor, or equipment, and other circumstances beyond the reasonable control of the affected party. In the event a Force Majeure circumstance affects either party’s performance
hereunder for at least 60 consecutive days, the party who is able to perform may terminate this Agreement upon written notice to the affected party. 
 14. Fair Labor Standards Act: Seller agrees that the materials produced hereunder shall be in compliance with all acceptable requirements of the Fair Labor Standards Act of 1938, as amended,
and of Regulations and Orders of the United States Department of Labor issued under Section 14 thereof and agrees to so certify on its invoices if so directed by Buyer. 
 15. Patents: Seller warrants that the Products shall be delivered free of the rightful claim of any third person for infringement
of any U.S. patent covering the Products. Seller does not warrant against infringement by, and assumes no responsibility by reason of, the use of the Products in combination with other materials or apparatus or in the operation of any process or
apparatus. Seller disclaims any warranty against infringement to the extent that the Products are supplied according to Buyer’s design or specifications. 
 In the event of the commencement of any suit or proceeding against Buyer for infringement covered by the above warranty, Buyer shall
notify Seller promptly, in writing, of the commencement of such suit or proceeding. Seller shall indemnify, hold harmless, and defend Buyer with respect to such suit or proceeding in Buyer’s name; and Buyer will render to Seller all reasonable
assistance for the defense or settlement thereof. Buyer shall not settle or compromise any such suit or proceeding without the prior written consent of Seller. 
  

 Page 4    13 

 16. WAIVER OF CONSEQUENTIAL DAMAGES: IN NO EVENT WILL SELLER OR BUYER BE LIABLE
UNDER ANY THEORY OF RECOVERY (WHETHER BASED IN CONTRACT, NEGLIGENCE OF ANY KIND, STRICT LIABILITY OR TORT) FOR ANY INDIRECT, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES, INCLUDING LOST PROFITS, IN ANY WAY RELATED, ARISING FROM OR RESULTING FROM
THIS AGREEMENT. A PARTY’S EXCLUSIVE REMEDY SHALL BE DIRECT DAMAGES OR SPECIFIC PERFORMANCE FOR A MATERIAL BREACH OF ANY TERM OR CONDITION OF THIS AGREEMENT BY THE OTHER PARTY. 
 17. Waiver: The failure of either party to enforce at any time any of the provisions of this Agreement shall in no way constitute
or be construed as a waiver of that or any other provision of this Agreement, nor in any way to affect the validity of this Agreement or any provision hereof or the right of such party to enforce thereafter each and every provision of this
Agreement. No waiver of any provision or breach of this Agreement shall be deemed to be a waiver of any other provision or breach. 
 18. Governing Law: Any dispute under this Agreement shall be first settled by and between the managements of both parties, and if such dispute cannot be resolved within 30 days of written notice of such dispute by
either party to the other party, then settled by arbitration in Chicago, IL within 90 days of the expiration of such management discussion period, pursuant to the rules, then obtaining, of the American Arbitration Association. The award shall
be final and judgment thereon may be entered in and enforced in any court having jurisdiction. The arbitrator shall apply Delaware law, without giving effect to principles of conflicts of laws and may not vary the terms of this Agreement or
impose any remedy not allowed under this Agreement.
 19. Notices: Any notice given under this Agreement shall be in
writing and addressed to the other party at the address specified in this paragraph. Notice may be given by U.S. mail (first class or certified), any personal delivery service, fax, or telex. Any notice required or permitted hereunder shall be
deemed given upon the earlier of (i) the day of actual receipt by the party to whom notice is being given or the following business day if actual receipt is during a non-business day of the receiving party or is after regular business hours on
a business day of the receiving party, or (ii) the fourth day after being deposited postage prepaid in the U.S. Mail as first class mail. Notice by fax or telex shall be deemed to be in actual receipt upon the confirmation of transmission to
the receiving party. Any notice should be addressed as follows: 
  

			
	 To Seller:
	  	The Mississippi Lime Company
		  	3870 S. Lindbergh Blvd., Suite 200
		  	St. Louis, MO 63127
		  	Attention: William H. Ayers
		  	Vice President - Sales & Marketing
		  	[E-mail: whayers@mississippilime.com]
		
	 To Buyer:
	  	INNOPHOS INC.
		  	259-N Prospect Plains Road
		  	Cranbury, New Jersey 08512
		  	Attention: Patrick R. Crowley
		  	Director - Energy & Raw Materials Purchasing
		  	[email: Patrick.crowley@innophos.com]

 20. Entire Agreement: This Agreement and any attachments or addenda
hereinafter set forth contain the entire agreement between the parties hereto and supersedes all prior contracts, agreements or understandings between the parties hereto with respect to the subject matter herein. There are no oral representations,
stipulations, warranties, agreements or understandings with respect to the subject matter of this Agreement, which are not fully expressed herein. Neither this Agreement nor its execution has been induced by any representation, stipulation,
warranty, agreement or understanding of any kind other than those herein expressed. 
  

 Page 5    13 

 21. No Modification: No amendment, addition to, alteration, modification or
waiver of all or any part of this Agreement shall be of any force or effect, whether by course of conduct or otherwise, unless in writing and signed by Seller and Buyer. If the provisions of this Agreement and the provisions of any purchase order or
order acknowledgment written in connection with the Agreement conflict, then the provisions of this Agreement shall prevail. 
 22. Agreement Precedence: The terms and conditions of Buyer’s purchase order shall supplement the terms and conditions of this Agreement; however, in the event of any conflict between this Agreement and
Buyer’s purchase order form or other agreements which may be negotiated between the parties, this Agreement shall take precedence. In the event of any conflict between this Agreement and any amendments or supplements thereof, the amendments or
supplements shall take precedence. 
 23. Assignment: This Agreement shall inure to the benefit of and be binding
upon the successors of the parties hereto but shall not otherwise be transferable or assignable unless agreed upon in writing by both parties. 
 IN WITNESS WHEREOF, Seller and Buyer have executed this Agreement. 
  

									
	MISSISSIPPI LIME COMPANY, Seller	 		 	INNOPHOS INC., Buyer
					
	By:	 	/s/ William H. Ayers	 		 	By:	 	/s/ Randolph Gress
					
	Print Name:	 	William H. Ayers	 		 	Print Name:	 	Randolph Gress
					
	Title:	 	Vice President-Sales & Marketing	 		 	Title:	 	President & CEO
					
	Date:	 	March 11, 2008	 		 	Date:	 	March 6, 2008

  

 Page 6    13 

 SCHEDULE I 
 PRODUCT SPECIFICATIONS 
 Mississippi Lime Company/INNOPHOS INC., Inc. 
 QUICKLIME AND HYDRATED LIME SPECIFICATIONS 
  

	I.	Product: 2” Pebbled Quicklime  

 Use-Location:
Chicago Heights, IL 
  

							
	 Property
	  	 Specification
	  	 Test Method
	  	 Sampling Basis

				
	Assay (total CaO)	  	95.0%, minimum	  	ASTM C 1271-99	  	One per rail car
				
	MgO	  	1.5%, maximum	  	ASTM C 1271-99	  	One per rail car
				
	LOI (by CO2)	  	10.0%, maximum	  	MLCo #20	  	One per rail car
				
	Al2O3	  	0.25%, maximum	  	ASTM C 1271-99	  	One per rail car
				
	Arsenic (as As)	  	1 ppm, maximum	  	FCC	  	Quarterly Composite Average
				
	Fluoride (as F)	  	95 ppm, maximum	  	MLCo #38	  	One per rail car
				
	Total Heavy Metals (as Pb)	  	30 ppm, maximum	  	FCC	  	Quarterly Composite Average
				
	Lead (as Pb)	  	2 ppm, maximum	  	FCC	  	Quarterly Composite Average
				
	Acid Insolubles	  	1.0%, maximum	  	ASTM C 1271-99	  	One per rail car
				
	 (T-140 Mesh Screen)
 Particle Size
	  	2”	  	N/A	  	N/A
				
	(“Pebble” Diameter)	  		  		  	

  

 Page 7    13 

 SCHEDULE I (Continued) 
  

	II.	Product: 1” Pebbled Quicklime  

 Use-Location:
Nashville, TN 
  

							
	 Property
	  	 Specification
	  	 Test Method
	  	 Sampling Basis

				
	Assay (total CaO)	  	95.0%, minimum	  	ASTM C1271-99	  	One per rail car
				
	MgO	  	1.5%, maximum	  	ASTM C1271-99	  	One per rail car
				
	LOI (by CO2)	  	10.0%, maximum	  	MLCo #20	  	One per rail car
				
	R2O3	  	1.0%, maximum	  	ASTM C 1271-99	  	Quarterly Composite Average
				
	Arsenic (As)	  	1 ppm, maximum	  	FCC	  	Quarterly Composite Average
				
	Fluoride (as F)	  	100 ppm, maximum	  	MLCo # 38	  	One per rail car
				
	Lead (as Pb)	  	2 ppm, maximum	  	FCC	  	Quarterly Composite Average
				
	Acid Insolubles	  	1.0%, maximum	  	MLCo # 1	  	Quarterly Composite Average
				
	 (T-140 Mesh Screen)
 Particle Size
	  	1”	  	N/A	  	N/A
				
	 (“Pebble” Diameter)
 Sievings, minus 1/8
inch
	  	15.0%, maximum	  	MLCo # 95	  	One per rail car

  

 Page 8    13 

 SCHEDULE I (Continued) 
  

	III.	Product: 1” Pebbled Quicklime  

 Use-Location:
Mission Hills, Mexico 
  

							
	 Property
	  	 Specification
	  	 Test Method
	  	 Sampling Basis

				
	Assay (total CaO)	  	95.0%, minimum	  	ASTM C1271-99	  	One per rail car
				
	MgO	  	1.5%, maximum	  	ASTM C1271-99	  	One per rail car
				
	LOI (by CO2)	  	10.0%, maximum	  	MLCo #20	  	One per rail car
				
	Al2O3	  	0.25%, maximum	  	ASTM C 1271-99	  	One per rail car
				
	Arsenic (as As)	  	1 ppm, maximum	  	FCC	  	Quarterly Composite Average
				
	Fluoride (as F)	  	95 ppm, maximum	  	MLCo # 38	  	One per rail car
				
	Total Heavy Metals (as Pb)	  	30 ppm, maximum	  	FCC	  	Quarterly Composite Average
				
	Lead (as Pb)	  	2 ppm, maximum	  	FCC	  	Quarterly Composite Average
				
	Acid Insolubles	  	1.0 %, maximum	  	MLCO # 1	  	Quarterly Composite Average
				
	 (T-140 Mesh Screen)
 Particle Size
	  	1”	  	N/A	  	N/A
				
	(“Pebble” Diameter)	  		  		  	

  

 Page 9    13 

 SCHEDULE I (Continued) 
  

	IV.	Product: Hydrated Lime - MicroCal HF (Nashville, TN) 

  

							
	 Property
	  	 Specification
	  	 Test Method
	  	 Sampling Basis

				
	Assay (total Ca(OH)2)	  	95.0%, minimum	  	ASTM C 1271-99	  	Each shipment
				
	APHA PAD (25g sample)	  	3 mg, maximum	  	INNOPHOS Inc.	  	INNOPHOS Inc.
				
	R2O3	  	0.5%, maximum	  	ASTM C 1271-99	  	Quarterly Composite Average
				
	MgO	  	4.8%, maximum	  	ASTM C 1271-99	  	Quarterly Composite Average
				
	Arsenic (as As)	  	1 ppm, maximum	  	FCC	  	Quarterly Composite Average
				
	Fluoride (as F)	  	100 ppm, maximum	  	MLCo # 38	  	Each shipment
				
	Lead (as Pb)	  	2 ppm, maximum	  	FCC	  	Quarterly Composite Average
				
	Acid Insolubles	  	1.0 %, maximum	  	FCC	  	Quarterly Composite Average
				
	 (T-140 Mesh Screen)
	  		  		  	

  

 Page 10    13 

 SCHEDULE I (Continued) 
 Product: Codex Hydrated Lime - VitaCal H  
 Use-Locations: Nashville, TN; Chicago Heights,
IL 
  

							
	 Property
	  	 Specification
	  	 Test Method
	  	 Sampling Basis

				
	Assay Ca(OH)2	  	95.0 -100.5%,	  	FCC	  	Each shipment
				
	Identification	  	Pass	  	FCC	  	Each Shipment
				
	Carbonate	  	Pass	  	FCC	  	Each Shipment
				
	Magnesium and alkali salts	  	4.8%, maximum	  	FCC	  	Quarterly Composite Average
				
	Arsenic (as As)	  	3 ppm, maximum	  	FCC	  	Quarterly Composite Average
				
	Fluoride (as F)	  	0.005% maximum	  	FCC	  	Each shipment
				
	Lead (as Pb)	  	2 ppm, maximum	  	FCC	  	Quarterly Composite Average
				
	Acid insoluble substances	  	0.5 %, maximum	  	FCC	  	Quarterly Composite Average

  

 Page 11    13 

 SCHEDULE II 
 QUANTITY 
  

							
	 INNOPHOS LIME -
CONSUMING LOCATIONS
	  	 INNOPHOS LIME-USAGE PROFILE
[*****]
	  	 SHIPPING
MODE-SKU
	  	ANNUAL
VOL (ST)
				
	MISSION HILLS / MEXICO	  	2” PEBBLED QUICKLIME	  	RAIL-BULK	  	[*****]
				
	CHICAGO HEIGHTS / IL	  	1” PEBBLED QUICKLIME	  	RAIL-BULK	  	[*****]
				
	NASHVILLE / TN	  	1” PEBBLED QUICKLIME	  	RAIL-BULK	  	[*****]
				
		  	PEBBLED QUICKLIME SUB-TOTAL =	  		  	[*****]
		  		  		  	 
				
	NASHVILLE / TN	  	HYDRATED LIME (MicroCal HF)	  	TRUCK-BULK	  	[*****]
				
	CHICAGO HEIGHTS / IL	  	HYDRATED LIME (VitaCal H)	  	TRUCK-BAGS	  	[*****]
				
		  	HYDRATED LIME SUB-TOTAL =	  		  	[*****]
		  		  		  	 
				
		  	 ALL GRADES COMBINED:
 GRAND TOTAL =
	  		  	[*****]
		  		  		  	 

  

 Page 12    13 

 SCHEDULE III 
 PRICING 
 Seller: Mississippi Lime Company, St. Louis, MO 
 Buyer: Innophos, Inc., Cranbury, NJ 
 Products: As stated below, meeting specifications in Schedule I.

 Prices stated on a per-ton (2,000 lbs./each) basis: F.O.B. Ste. Genevieve, MO 
  

									
	 	  	 	  	 	 	Effective Dates of Pricing
	 Products
	  	 Innophos
Locations
	  	Price Per
Short Ton*	 	Pricing
Begins	 	Pricing
Changes
	[*****] Quicklime	  	Chicago Heights, IL	  	[***** ]	 	[*****]	 	[*****]
		  		  	[***** ]	 	[*****]	 	[*****]
		  		  	[***** ]	 	[*****]	 	[*****]
	[*****] Quicklime	  	Nashville, TN	  	[***** ]	 	[*****]	 	[*****]
		  		  	[***** ]	 	[*****]	 	[*****]
		  		  	[***** ]	 	[*****]	 	[*****]
	[*****] Quicklime	  	Mission Hills, MX	  	[***** ]	 	[*****]	 	[*****]
		  		  	[***** ]	 	[*****]	 	[*****]
		  		  	[***** ]	 	[*****]	 	[*****]
	  
 *  An
“Upfront Rebate” of [*****] will apply to all [*****] Quicklime shipments during the term of this Purchasing Agreement as long as Seller maintains [*****] of supply of Lime Product requirements to all Buyer’s Facilities. Should
Seller cease [*****] of Product to Buyer’s above-named Facilities, then [1] said “Upfront Rebate” shall be removed with immediate effect; [2] Buyer shall thereafter pay the prices listed above for the duration of this
Agreement’s remaining term; and [3] within 30 days after the date Seller ceases being sole supplier of lime to Buyer, Buyer shall repay all “Upfront Rebate” amounts previously earned from the commencement date of this Agreement
until such date as [*****] Product to all Buyer’s Facilities.
  

	[*****]	  	Nashville, TN	  	[***** ]	 	[*****]	 	[*****]
		  		  	[***** ]	 	[*****]	 	[*****]
		  		  	[***** ]	 	[*****]	 	[*****]
	[*****]	  	Nashville, TN	  	[***** ]	 	[*****]	 	[*****]
		  		  	[***** ]	 	[*****]	 	[*****]
		  		  	[***** ]	 	[*****]	 	[*****]

  

	*	50-lbs bags of [*****] will be priced [*****] above the bulk pricing listed above. 

  

 Page 13    13

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