Document:

Phosphoric Acid Contract

 Exhibit 10.20 
  
 CONFIDENTIAL TREATMENT REQUESTED UNDER 
 C.F.R.
SECTIONS 200.80(b)(4), 200.83 AND 230.406. 
  
 **** 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. 
  
  

			
	

	  	

  
 (*****) CONTRACT
N° MP 3671 
  
 DATED APRIL 18th, 2005 
  

					
	DELIVERY PERIOD	  	:	  	from April 1st to December 31st, 2005.
			
	BUYER	  	:	  	 INNOPHOS FOSFATADOS DE MEXICO, S DE R.L. DE CV. (INNOPHOS FM)
 Domicilio Conocido S/N Complejo Industrial Pajaritos Carretera a Villahermosa KM.5 Coatzacoalcos;
 Veracruz. C.P.96380

			
	 	  	 	  	MEXICO

  

 

 

			
	

	  	

  
 (*****) CONTRACT
N° MP 3671 
 DATED APRIL 18th, 2005 
  
 PHOSPHORIC ACID CONTRACT 
 (*****) 
  
 Between the
undersigned: 
  
 MAROC PHOSPHORE SA (MP) 
 2, Rue Al Abtal – Hay Erraha – CASABLANCA 
 MOROCCO 
  
 represented by its President Director General  
 Mr. Mourad CHERIF 
  
 hereinafter called “the Seller” 
  
 on the one part, 
  
 and: 
  
 INNOPHOS FOSFATADOS DE MEXICO, S DE R.L. DE CV. (INNOPHOS FM) 
 Domicilio Conocido S/N Complejo Industrial 
 Pajaritos Carretera a
Villahermosa KM.5 
 Coatzacoalcos; 
 Veracruz. C.P.96380

 MEXICO 
  
 hereinafter called “the Buyer” 
  
 on the other part. 
  
 It has been agreed as follows:

  
 MAROC PHOSPHORE S.A. sells to the Buyer, who accepts,
phosphoric acid under General Conditions governing (*****) attached hereto as schedule 1, and which constitute an integral part of this contract, unless otherwise expressly stipulated in the particular conditions hereafter. 
  
 PARTICULAR CONDITIONS 
  
 1. PRODUCT 
  
 Phosphoric acid as per specifications attached hereto as schedule 2. 
  

 

 

			
	

	  	

  
 (*****) CONTRACT
N° MP 3671 
 DATED APRIL 18th, 2005 
  
 Page 2 
  
 2.
QUANTITY 
  
 (*****) P2O5 of phosphoric
acid +/-5%. 
  
 3. DELIVERY PERIOD 
  
 From April 1st, 2005 to December 31st, 2005. 
  
 4. LOADING PORT 
  
 Safi (MOROCCO) 
  
 5. DISCHARGING PORT 
  
 Coatzacoalcos (MEXICO) 
  
 6. ULTIMATE DESTINATION 
  
 Mexico. 
  
 7. PRICE 
  
 The (*****)
to be determined for each cargo on the basis of (*****) per metric ton P2O5 CFR Coatzacoalcos (*****) per metric ton solution. 
  
 8. INVOICING AND PAYMENT 
  
 Notwithstanding provisions of paragraph B (first alinea) of Article 7 of (****) General Conditions annexed hereto, the settlement of MP’s invoices is
to be made in US Dollars by way of telegraphic bank transfer at 30 (Thirty) days from the bill of lading date in favor of MAROC PHOSPHORE SA, through BANQUE MAROCAINE DU COMMERCE EXTERIEUR 3, Rue Boudreau 75009 Paris (France). All banking charges
shall be borne by the Buyer. 
  
 In case of delay, for whatever
reason, any amount remaining to be paid is to be increased by an interest to be calculated as from the 31st (Thirty
First) day following the bill of lading date on the basis of the interest rate mentioned in Article 7/C of (****) General Conditions. 
  
 Other terms of Article 7 governing General Conditions remain valid. 

			
	

	  	

  
 (****) CONTRACT
N° MP 3671 
 DATED APRIL 18th, 2005 
  
 Page 3

  
 9. WEIGHING - SAMPLING 
  
 The Buyer has the option to be presented or represented at the weighing
operations which shall be made while acid is being loaded on the tanker. Should this faculty not be used, these operations as performed by the Seller shall be considered final and only results thereof shall be binding. 
  
 10. LOADING RATE 
  
 To be agreed when chartering the vessels, being understood that the maximum applicable loading rate should not exceed 400
metric ton per hour. 
  
 11. DEMURRAGE RATE 
  

	 	•	 	(*****), fractions prorate, for M/T Stolt Span bill of lading date 01/05/2005, 

  

	 	•	 	(*****), fractions prorate, for the other cargoes to be loaded during 2005. 

  
 12. OTHER CONDITIONS 
  
 As product is sold in its actual state, paragraph B of Article 4 and Article 5 of governing General Conditions annexed hereto shall not apply to the
present (*****) contract. 
  
 MADE OUT IN DUPLICATE 
  

					
	 At
	 	 	 	 At Casablanca
 On April 18th, 2005

	INNOPHOS FM	 	 	 	  
 MAROC PHOSPHORE S.A.

			
	  	 	 	 	By: Mourad CHE
			
	  	 	[SEAL]	 	 /s/ Mourad CHE

	  	 	 	 	 PRESIDENT DIRECTOR GENERAL

					
	

	  	

	  	 

 (*****) CONTRACT N° MP 3671
 DATED APRIL 18th, 2005

  
 SCHEDULE I

  
 PHOSPHORIC ACID 
  
 GENERAL CONDITIONS GOVERNING (*****) 
  
 1. SPECIFICATIONS 
  
 The product delivered by the seller shall (*****) phosphoric acid.

  
 2. DELIVERIES 
  
 A/ – Deliveries shall be made on board vessels chartered by the Buyer
and shall be spread as evenly as possible over all the duration of the sale contract. 
  
 At least sixty (60) days prior to the beginning of each calendar quarter, both parties shall agree on a schedule of the deliveries to be
made throughout the said quarter, setting forth the quantity of each cargo and the approximate date of loading. 
  
 Within the aforementioned quarterly schedule, and at least fifteen (15) days before the planned loading date for each cargo, the Buyer
shall have to obtain the “stem” from the Seller before final chartering of the vessel. 
  
 Such request for “stem” should indicate the name and flag of the vessel, her length and draft, the quantity to load and the
laydays. 
  
 B/ – In Morocco, it shall be the option of the
Seller to load either at the port of Safi or at the port of Jorf Lasfar. Such option shall however be announced by the Seller at the latest when he receives the seventy two (72) hours notice provided for under Article 3 below. 
  
 C/ – As soon as the vessel has left the loading port, the Seller shall
inform the Buyer, by telex or telegraph, of the quantity loaded as well as the day and the time of departure of the vessel, her estimated date of arrival at the unloading port and, should it be the case, the amount of disbursements or the part of
disbursements which has not been paid in cash. 
  
 3. CHARTERING CONDITIONS

  
 Chartering of vessels for
transportation of acid shall be concluded by the Buyer under the conditions listed below. In case the Charter Party concluded by the Buyer does not, for whatever reason, include such conditions or if the ship’s Master refuses to abide by them,
the Seller shall debit the Buyer with any ensuing difference. 
  
 A/ – Arrival notice 
  
 Seventy two (72) hours at least before arrival at the loading port, the ship’s Master shall telegraph to the Shippers stating the vessel’s probable date of arrival there, otherwise the Shippers shall be entitled to delay, up to
twelve (12) hours, the acceptance of the notice of readiness tendered by the ship’s Master. 
  
 The same notice should be renewed forty eight (48) and twenty four (24) hours before the vessel’s arrival. 
  

 

 

					
	MAROC PHOSPHORE	 	 	 	 

 (*****) CONTRACT N° MP 3671
 DATED APRIL 18th, 2005

  
 SCHEDULE I

  

			
	PHOSPHORIC ACID	 	 
	General conditions governing (*****)	 	 page 2

  
 B/ –
Agency 
  
 At the loading port, the vessel
shall be consigned, for her cargo and for customs clearance, to the shippers or their Agents and the Shipowner shall pay agency fees accordingly with the rates in force. 
  
 C/ – Expenses at the loading port 
  
 The Shipowner shall pay all usual port dues and expenses, all tolls (“peage” dues), quay dues and
particular taxes at the rates applicable at the bill of lading date, as well as all other customary charges payable by the vessel at the loading port. 
  
 The Shipowner shall pay in cash all the vessel’s disbursements due by them under the provisions of the Article. 
  
 Prior to arrival of the vessel in the loading port, the
Shipowner shall credit the Shippper’s account, at a bank to be indicated by the Seller, with a sufficient deposit to cover disbursements. The Shippers shall readjust this operation when relevant documents on disbursements account and timesheet
are received. 
  
 Should the amount of such
deposit not be sufficient to cover actual disbursements, the Seller shall reserve the right to refuse loading or to keep the vessel until such time when necessary funds are received. 
  
 In case the Shipowner fail to pay the disbursements above, the Buyer shall remain responsible for their
final settlement increased by an interest on arrears of 1 for each month as from the bill of lading date, a portion of a month being counted as a whole month. 
  

D/ – Time counting at the loading port 
  
 Laytime shall commence either six (6) hours after the ship’s Master has notified the Shippers or their Agents by letter, wireless,
telegraph or telephone that his vessel has arrived and is ready to load, or from the moment when hose have been connected to the Shippers’ facilities if such connection has been performed before the six (6) hours delay mentioned above.

  
 If the loading berth is free when the vessel
arrives, the notice tendered by the ship’s Master can be accepted only after berthing of the vessel. If such is not the case, it shall be accepted as soon as the vessel reaches the usual anchorage. In all cases, the notice cannot be accepted
before the commencement of laydays agreed upon when the vessel was chartered. 
  
 E/ – Loading 
  
 1 – The cargo shall be loaded on board the vessel by the shippers by day and by night, including Sundays and legal holidays, without any expense for the vessel. 
  
 2 – Time allocated for such operation shall be as
follows: 
  

	 	18	hours for cargoes of up to 3.500 metric tons 

  

	 	24	hours for cargoes of 3.501 to 7.000 metric tons 

  

	 	30	hours for cargoes of 7.001 to 10.500 metric tons 

  

	 	36	hours for cargoes of 10.501 to 15.000 metric tons 

  

	 	48	hours for cargoes above 15.000 metric tons. 

  
 3 – The ship shall be loaded at one or two berths, at the option of the Shippers. In the case of loading performed at two (2) berths,
shifting charges shall be for the account of the Shipowner and shifting time shall 

					
	MAROC PHOSPHORE	 	 	 	 

 (*****) CONTRACT N° MP 3671
 DATED APRIL 18th, 2005

  
 SCHEDULE I

  

			
	PHOSPHORIC ACID :	 	 
		
	General conditions governing (*****)	 	 page 3

  
 not count within time
used for loading. However, waiting time before shifting or before the resuming of loading shall count as time used. 
  
 4 – Demurrage, if any, shall be paid by the Seller at the rate agreed upon in the sale contract. 
  
 5 – If the vessel, when she has berthed, has to leave
her berthing due to weather conditions, time thus lost shall not count as time used and all costs pertaining to the vessel’s shifting shall be borne by the Shipowner. 
  
 F/ – Except where otherwise provided for in this Article, the other chartering conditions shall be those of Asbatankvoy
Charter Party. 
  
 4. WEIGHING - SAMPLING 
  
 A/ – The Buyer has the faculty to be present or represented at the
weighing operations which shall be made while acid is being loaded on the vessel. Should this faculty not be used, these operations as performed by the Seller shall be considered final and only results thereof shall be binding. 
  
 B/ – During the loading operations, acid samples shall be drawn
according to the usual methods and shall be carefully mixed. The aggregate sample resulting from these operations shall be used to make up four (4) sample polyethylene bottles to be sealed and stamped by the Seller. 
  
 One bottle shall be sent to the buyer by the ship’s
mail or, upon express request from the Buyer, by postal mail. A second bottle shall be used by the Seller for the determination, through the Perrin Wilson Dahlgren method, of phosphorus pentoxide (P205) content to count as the basis for establishing
the invoice. The remaining bottles shall be kept by the Seller for a period of six (6) weeks starting from the date of the acid unloading into the Buyer’s reception tanks. 
  
 The Buyer has also the faculty to be present or represented at the sampling operations. In this case the
sample bottles shall be sealed jointly by both parties and one bottle shall be handed over to the Buyer or his representative. 
  
 In case the Buyer is neither present nor represented at the sampling operations, such operations as performed by the Seller shall be
considered final and only samples thus drawn by the Seller shall be binding. 
  
 5. ANALYSES 
  
 A/ – Any disagreement
which may occur over the phosphorus pentoxide content of acid shall be notified in writing by the Buyer to the Seller not later than thirty (30) days after the unloading of the cargo into the Buyer’s reception tanks. In this case, one of the
samples kept by the Seller shall be submitted by the latter to the arbitration laboratory agreed upon by both parties for determination of phosphorus pentoxide content according to the Perrin Wilson Dahlgren method. Results of this analysis shall be
binding for both parties. 
  
 B/ – In case the positive or
negative difference between the P2O5 contents resulting from such analysis and from the Seller’s analysis is below or equal to 0.20 P205, the Seller’s
invoice shall be deemed final. If such is not the case, the Seller shall issue and forward to the Buyer a debit or credit note corresponding to the variation between the content shown by the Seller’s analysis and the content shown by the
arbitration laboratory analysis. 
  
 C/ – The cost of the
arbitration analysis shall be borne by the Seller if, following such analysis, the Seller has to issue a credit note for the Buyer’s benefit. In any other case, this cost shall be borne by the Buyer. 

					
	MAROC PHOSPHORE	 	 	 	 

 (*****) CONTRACT N° MP 3671
 DATED APRIL 18th, 2005

  
 SCHEDULE I

  

			
	PHOSPHORIC ACID :	 	 
	General conditions governing (*****)	 	 page 4

  
 D/ – Request for
an arbitration analysis can in no case be invoked by the Buyer for the postponement of payments whatsoever. 
  
 6. PRICE 
  
 A/
– The price agreed upon applies to one metric ton of phosphorus pentoxide (P205), the product being delivered (****) at the loading port. 
  
 B/ – With the exception of export tax, all dues, duties and taxes to be paid under the regulations in force on goods or services or on the vessel for
these goods or services when leaving the loading port, including dues, duties and taxes related to import into the receiving country, are not included in the price and shall therefore be borne by the Buyer when they are not at the shipowner’s
expenses. 
  
 7. INVOICING AND PAYMENT 
  
 A/ – The invoice for each shipment shall be due at the date of the bell
of lading. It shall be established, as soon as loading is over, on the basis of the bill of lading weight and of the phosphorus pentoxide (P205) content of acid as determined by the seller. 
  
 B/ – The settlement of the invoice shall be made by way of irrevocable
documentary letter of credit, confirmed by a first class international bank, to be paid at sight against the documents agreed upon by both parties prior to shipment. This letter of credit is to be opened fifteen (15) days before the vessel’s
loading date in favour of the seller with a bank to be indicated by the letter, It should remain valid for a period of sixty (60) days , which may be extended on the request of either party. Such letter of credit is governed by the Uniform customs
and practice for Documentary Credits published by the International chamber of Commerce (1983 revision, publication Nr 400). All bank charges regarding in particular the opening, amendment, modification, confirmation and negotiation of the letter of
credit shall be borne by the Buyer. 
  
 Debit
notes shall be settled in cash by telegraphic transfer. The Buyer, as soon as he issues instructions to the bank for payment, shall send to the seller to telex specifying the amount paid, the value date and the corresponding invoices and notes.

  
 C/ – In case of delay, for whatever reason, in the
settlement of all or part of the amount due to the Seller, the amount remaining to be paid shall be increased by an interest to be calculated, in case of invoices and notes annexed thereto, as from the fifteenth (15th) day following the bill of
lading date, and, in case of separate debit notes, as from the fifteenth (15th) day following the date borne on these. In both cases, such calculation shall be made on the basis of the London Interbank offered Rate (Libor) at six (6) months, as it
is quoted on the date of the bill of lading, increased by a margin of three (3) per cent per year. Interests on arrears shall themselves be increased, under the same conditions as those applied to the principal sum, by interests to be calculated
after each period of six (6) months, No dues, taxes or duties to be paid in relation with the settlement of interests in the Buyer’s country shall be borne by the Seller. The payment of interests shall be made without any deduction whatsoever.

  
 D/ – Each delivery being considered as a separate deal,
the Seller any suspend deliveries for non-settlement of an invoice or a debit note. 
  
 If the Buyer goes into liquidation or bankruptcy or if he fails, whatever the reason be, to conform to the payment conditions agreed upon,
the seller shall reserve the right to cancel the contract with respect to floating, the seller may exercise his right to retain the cargo or the part of the cargo attributed to the Buyer. 

					
	MAROC PHOSPHORE	  	 	  	

  

					
	 	  	SCHEDULE I	  	 (*****) CONTRACT N° MP 3697
 DATED
APRIL 18th, 2005

  

			
	PHOSPHORIC ACID :	 	 
	General conditions governing (*****)	 	 page 5

  
 In both cases, the
Buyer shall remain accountable for the possible charges and damages thereof. 
  
 8. INSURANCE 
  
 Product shall be
considered to have been delivered at the moment when it has actually passed onboard the vessel at the loading port. 
  
 Insurance on the value of the cargo covering all risks, be they marine or other, shall not be borne by the Seller who declines any responsibility for
damages which may occur to the cargo from the moment when acid has been loaded. 
  
 In case of loss of all or part of the cargo, the seller may either consider that the contract has been performed as regards the quantity lost or deliver an equivalent quantity under the same condition. 
  
 9. RESALE AND ASSIGNMENT 
  
 The acid shall be used in the Buyer’s own plants. It may not be resold
as such without the Seller’s written consent. 
  
 Should the
Buyer lose, through transfer of ownership or merger or for any other reason, the property of his plants as they stand at the time of signature of the sale contract, the quantities of acid remaining to be delivered shall be assigned, with the
seller’s consent, to the new owners or successors, whether universal or not. 
  
 The Seller shall however reserve the right simply to cancel the delivery of such quantities and the cancellation in such case shall give rise to no identity. 
  
 10. FORCE MAJEURE 
  
 Any war, any prohibition or restriction, from a Government or local
authority, affecting either the receiving country or the areas involved in the shipping of acid, floods, cyclones, earthquakes, fires, epidemics, general or partial strikes, whenever they may occur, look-outs, stoppage of production in the
seller’s or the Buyer’s operations and any other cause beyond the control of the Buyer or the Seller and which impedes production, loading, transportations, unloading or utilisation of the acid, represent, by express agreement a case of
force majeure. The only justification to be produced by the party affected shall be the evidence of the event invoked. 
  
 In a case such as mentioned above, shipments may be suspended until such hindrances are overcome or removed. 
  
 The party affected by such event shall immediately inform the other party by
registered letter and both parties shall discuss steps to be taken in order that, to the best of their ability, the detrimental consequences to both parties of the situation of force majeure be lessened. 
  
 11. ARBITRATION 
  
 All disputes arising in connection with the sale contract shall be finally settled through arbitration to take place in
Casablanca under the Rules of Conciliation and Arbitration of the International Chamber of Commerce of Paris by one or more arbitrators appointed in accordance with these Rules, Moroccan Law being applied as to the substance of the matter.

  
 Judicial acceptance and enforcement of the arbitration award
may be requested by either party from any court having Jurisdiction, in any country, on submission of the original copy or a duly certified copy of the award as well as the original copy or a duly certified copy of the sale contract. 
  
 The termination of the sale contract shall not prejudice any rights

					
	MAROC PHOSPHORE	 	 	 	

	 	 	SCHEDULE I	 	 
	 	 	 	 	(*****) CONTRACT N° MP 3671
	 	 	 	 	DATED APRIL 18th, 2005

  

			
	PHOSPHORIC ACID :	  	 
	General conditions governing (*****)	  	page 6

  
 accruing at or before or in connection
with the termination thereof or any remedies or proceedings with respect to such rights. The provisions of the sale contract with regard to arbitration shall have effect notwithstanding the termination thereof. 
  

					
	 MADE OUT IN DUPLICATE
	 	 	 	 
	 At
	 	 	 	 At Casablanca

	 On
	 	 	 	 On April 18th, 2005

			
	 	 	 	 	 THE SELLER,

			
	 THE BUYER,
	 	 	 	Mourad CHERIF
			
	  	 	[SEAL]	 	 /s/ Mourad CHERIF

	 	 	 	 	 PRESIDENT \DIRECTOR GENERAL

					
	

	  	 	  	

			
	 	  	 	  	 (*****) CONTRACT N° MP 3671

	 	  	 	  	 DATED APRIL 18th,
2005

  
 SCHEDULE 2

  
 PHOSPHORIC ACID 
 SPECIFICATIONS 
  

				
	 ELEMENTS

	  	INDICATIVE SPECIFICATIONS

	 
	 P2O5
	  	(	*****)
	 SO3
	  	(	*****)
	 CaO
	  	(	*****)
	 MgO
	  	(	*****)
	 Fe2O3
	  	(	*****)
	 AL2O3
	  	(	*****)
	 F
	  	(	*****)
	 Solids
	  	(	*****)
	 Cl
	  	(	*****)

  
 ABOVE SPECIFICATIONS
ARE GIVEN ON INDICATION BASIS.Supply Agreement

 Exhibit 10.21 
  
 CONFIDENTIAL TREATMENT REQUESTED UNDER 
 C.F.R
SECTIONS 200.80(b)(4), 200.83 AND 230.406. 
  
 **** 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. 
  
 SUPPLY AGREEMENT 
  
 THIS SUPPLY AGREEMENT, dated as of June 18, 1998, by and between COLGATE PALMOLIVE COMPANY, a Delaware, U.S. corporation
(“Colgate”) and Inmobiliaria Hills, S.A. de C.V., a Mexican corporation (“IH”), and RHONE-POULENC de Mexico, S.A. de C.V., a Mexican corporation (“RP”). 
  
 WHEREAS, RP has agreed to invest the capital to construct a
manufacturing plant (the “Plant”) located at KM 47, Carretera Federal 57 Queretaro-San Luis Potosi, Carretera Entroncal a San Jose Iturbide, KM 0.8, San Jose Iturbide, Guanajuato, within Mission Hills, Mexico (the “Colgate Facility),
as more fully set forth in that certain letter of intent, dated July 18, 1997 between Colgate and RP (the “Letter of Intent”); 
  
 WHEREAS, RP shall lease the real property upon which the Plant is located from a Colgate affiliate pursuant to a lease (the “Lease”).

  
 WHEREAS, pursuant to an “Operations
Agreement” (as defined herein) RP shall manufacture and produce, dicalcium phosphate (the “Product”) at the Plant, meeting the specifications set forth herein and bearing RP’s trademark, and RP is willing to supply the Product to
Colgate and IH pursuant to this Agreement and the Operations Agreement; 
  
 WHEREAS, Colgate and IH desire to purchase the Product from RP pursuant to the terms and conditions as are set forth therein; and 
  
 WHEREAS, Colgate desires to allocate purchases of Product to its related entities and affiliates around the world and to cause the same to purchase
Product under this Agreement 
  
 NOW THEREFORE, in
consideration of the promises and of the mutual agreements and covenants hereinafter set forth, the parties hereto agree as follows: 
  
 ARTICLE 1 
  
 CERTAIN DEFINITIONS 
  
 Section 1.1. Defined Terms: As used in this Agreement, the following terms shall have the meanings set forth below: 
  
 “Commencement Date” shall mean the date on which all design objectives for the Plant have been met and commercial production of the Product
commences. 

 “Contract Year” shall mean a twelve (12) month period during the Term (as defined in
Section 3.1); the first “Contract Year” shall begin at the end of the month in which the Commencement Date falls. 
  
 “Global Agreement” shall mean the Global Supply Agreement, dated January 1, 1996, between RP and Colgate, as amended or extended by the parties
to that Global Agreement from time to time. 
  
 “Operations
Agreement” shall mean that certain Operations Agreement, dated as of June 18, 1998, between a Colgate affiliate and RP relating to the Plant. 
  
 “Order” shall mean orders by Colgate for the Product in accordance with Article 4 
  
 “Output” shall mean the quantity of Product to be manufactured by RP at the Plant, as determined in accordance
with annual, quarterly and monthly forecasts provided to RP by Colgate, a Colgate affiliate or entity and IH. 
  
 “PPI Index” shall mean the Producer Price Index, less food component, published by the United States Bureau of Labor from time to time.

  
 “Specifications” shall mean the specifications for
the Product set forth on Exhibit A hereto. 
  
 “Start-up
Phase” shall mean the period beginning on the Commencement Date and ending after the thirty (30) day period during which the Plant is able to produce Product at a rate of at least 54.7 (fifty four and seven tenths) metric tons per day
meeting the Specifications. 
  
 Other terms not defined in this
Article I but otherwise defined herein shall have the meanings so otherwise defined. 
  
 ARTICLE 2 
  
 SUPPLY
OF PRODUCT, QUANTITY AND PRICE 
  
 Section 2.1.
Supply of Product 
  
 (a) Effective upon
the Commencement Date, RP shall (****) Output of the Plant and, as an inducement for RP to consider and authorize the construction of the Plant using capital provided by RP, Colgate, Colgate affiliates or entities and IH shall purchase (****) Output
of the Plant as follows: 
  
 (i) IH shall
purchase (****) Product, currently estimated to be (****) per year, from the Plant. Such requirement will be expressly excluded from Colgate’s 

  

 2 

 
Mexican requirements under the Global Agreement, and Colgate’s obligations under the Global Agreement shall be reduced accordingly; 
  
 (ii) Colgate shall cause affiliates, entities or operating
divisions to purchase (****), after giving effect to purchases of IH under Section 2.1(a)(i) above, in partial satisfaction of its other requirements for the Product outside of Mexico, which amounts shall not reduce or otherwise affect
Colgate’s obligations under the Global Agreement. Such purchases may be allocated by Colgate in its sole discretion, and may be made pursuant to individual supply agreements in the form set forth in Exhibit C, or in a form substantially similar
thereto. Such agreements may include other terms and conditions, which shall be binding, except to the extent that they conflict with this Agreement, in which case, the latter shall control. 
  
 (b) Notwithstanding anything to the contrary herein,
Colgate, IH or other Colgate affiliates, entities or operating divisions shall pay (****) of Product contracted as set forth in Exhibit B, (****) per ton (collectively the “(****)”) for all Product actually forecasted (****) and meeting
the Specifications, whether or not Colgate, IH, or any Colgate affiliate or entity actually accepts delivery of such Product, in accordance with Exhibit B. The parties acknowledge that the volumes and pricing set forth herein are designed to enable
RP to recover its capital investment for the Plant (****). 
  
 Section 2.2. Price. 
  
 (a)
The price to be paid to RP for each metric ton of Product (the “Price”) forecasted by Colgate or IH and produced at the Plant shall be determined as set forth on Exhibit B. 
  
 (b) If at any time during the term of this Agreement RP sells (****) Product (****), IH or any Colgate
affiliate pursuant to this Agreement, at prices lower than the Price then in effect, RP shall give Colgate and IH prompt written notice of any such sale and its price and shall reduce the Price for the Product to prices equivalent to the lower
prices so disclosed (****) of Product purchased by Colgate, IH or any Colgate affiliate. 
  
 (c) For the purposes of determining the Price, the parties acknowledge and agree that (****) Plant relating to the manufacture of Product
shall be supplied in accordance with the terms of the Operations Agreement (****) under the terms of that agreement. 
  

 3 

 (d) Notwithstanding anything to the contrary in this Agreement, the parties acknowledge
and agree that: 
  
 (i) (****) during each
Contract Year following the Start-Up Phase, and that the cost structure set forth on Exhibit B is based upon (****); (ii) in the event that (****) forecasted and/or purchased under this Agreement is (****) per each such Contract Year, Colgate,
IH or a Colgate affiliate or entity agrees to pay to RP the (****) (it being expressly understood and acknowledged that the (****) Product actually produced at the Plant; such costs shall be calculated each month and shall be included in the
invoices issued pursuant to Sections 5.1); and (iii) if Colgate, IH or any Colgate affiliate or entity (****) during any Contract Year the Price applicable to each metric ton of Product (****) shall be adjusted in accordance with Exhibit B.

  
 ARTICLE 3 
  
 TERM AND TERMINATION 
  
 Section 3.1. Term. The term of this Agreement shall commence on
the first day of the month following the month in which the Commencement Date falls and continue for an initial period of five (5) Contract Years from such date, which period shall be automatically renewed for an additional period of five
(5) Contract Years, unless sooner terminated in accordance with the terms hereof (collectively the “Term”). Colgate may terminate this Agreement at any time 3.25 years after commencement of the Term, upon one year’s prior written
notice to RP, which may not be given prior to such , solely in the event that Colgate has reformulated its downstream process to exclude or substantially reduce its use of the Product as a raw material in Colgate’s products; provided,
however, that Colgate’s obligations under the Global Agreement shall survive termination of this Agreement. 
  
 Section 3.2. Termination by Either Party. Any party hereto may terminate this Agreement upon written notice of termination given to the others
if any party (a) shall have committed a material breach or default under this Agreement, which breach or default shall not be remedied within sixty (60) days after the receipt of written notice thereof by the party in breach or default;
(b) shall fail to make any material payment when due hereunder; or (c) under any applicable law (i) makes an assignment for the benefit of creditors, (ii) permits the appointment of a trustee or receiver of all or a substantial
part of its assets, (iii) admits in writing its inability to own its assets, (iii) admits in writing its inability to meet its obligations when due or commit any other act of bankruptcy or (iv) institutes voluntary proceedings in
bankruptcy or insolvency, or permits voluntary institution of such proceedings against it. 
  

 4 

 Section 3.3. Decommissioning. Upon termination of the Lease, RP shall be both obligated and
entitled to decommission the Plant. Colgate or its Mexican affiliates shall pay for the cost and expense of such decommissioning; provided, however, that (i) such cost shall not exceed the (****) (subject to escalation according to the applicable
PPI Index, retroactive to the beginning of any applicable year, over the 1997 base therefor for all contract years after 1997), and (ii) such decommissioning commences prior to the fifth anniversary of the Commencement Date. For the purposes of
this Agreement, “decommissioning” shall mean the restoration of the real estate upon which the Plant is located to its original condition, including remediation of any subsurface contamination caused by the construction or operations of
the Plant and excluding any remediation unrelated to the construction or operation of the Plant, with all equipment and structures to be removed and retained by RP. 
  
 Section 3.4. Removal and Compensation Upon Termination. Upon the termination of this Agreement for any reason
whatsoever, Colgate or IH or affiliates or entities designated by any of them shall no later than thirty (30) days from the date of such termination, purchase from RP all finished Products which meet the Specifications and all raw materials,
work in progress and intermediate chemicals and packaging then in possession of RP, which were purchased or processed specifically for production of the Products pursuant to this Agreement (the “Other Products”); provided, however, that
the Other Products, to the extent practicable, shall be converted by RP into and/or used to manufacture additional finished Products which shall also be purchased by Colgate or IH or affiliates or entities designated by any of them . The purchase
price for such finished Products and the Other Products shall be at a cost consistent with RP’s method of determining the Price pursuant to Exhibit B and in accordance with Section 2.2 hereof. Upon such purchase, Colgate or IH or
affiliates or entities designated by any of them shall promptly remove such purchased Product and Other Products from the Plant, at its own cost and expense. 
  
 Section 3.5. Continuing Obligations. The expiration or termination of this Agreement shall not (i) prejudice any remedy either party may
have against the other for breach or nonperformance of this Agreement, (ii) relieve either party of any liability or obligation which has accrued or arisen prior to the effective date of such expiration or termination or (iii) affect the
continued operation or enforcement of any provision of this Agreement which by its express terms is to survive any such expiration or termination. 
  
 ARTICLE 4 
  
 ORDERING PROCESS 
  
 Section 4.1. For the volumes allocated to (****) as per Section 2.1, IH shall order Product based on actual production (****). Inventory for IH’s Mexican (****) will be managed by RP. Procedures to
communicate (****) and manage inventory will be agreed by the two parties. IH agrees to supply RP with a three-month rolling 

  

 5 

 
forecast of Product (unless otherwise specified), which will be updated within the first ten days of every month. 
  
 Section 4.2. Regarding the (****) as per Section 2.1 actual (****)
will be communicated to RP by Colgate or any Colgate affiliate or entities through a local supply agreement including a written purchase or release order, or electronically or by any means mutually agreed by the two parties. Colgate or its
affiliates or entities purchasing under this Agreement agree to supply RP with forecasts of Product (unless otherwise specified by the purchaser under this Agreement), as appropriate, which may be updated within the first ten days of every month.
The amount of Product actually purchased by Colgate or its entities or affiliates under this Agreement shall vary based upon its or their actual production (****). The aforesaid forecasts shall be neither a minimum nor maximum purchase guarantee but
rather shall serve as an estimate of Colgate volume (****); provided, however, that notwithstanding the foregoing, the provisions of Section 2.2(d) and Exhibit B relating to the payments owed by Colgate affiliates or entities irrespective of
its or their actual purchases of Product under this Agreement shall nevertheless apply. 
  
 ARTICLE 5 
  
 TERMS OF
PAYMENT 
  
 Section 5.1. RP shall invoice IH at the
end of each month for each shipment of Product ordered pursuant to Section 4.1; such invoices shall also include the Fixed Amounts Per Metric Ton whether or not Product is ordered by IH. Terms of payment for each invoice shall be net fifteen
(15) days (Payment in US dollars or local equivalent). 
  
 Section 5.2. RP shall invoice other Colgate affiliates or entities for each shipment of Product pursuant to Section 4.2. Terms of payment for each invoice shall be net ninety (90) days. 
  
 Section 5.3 RP reserves the right to charge interest at the rate of
1.5% per month for any invoices outstanding more than ninety (90) days. 
  
 ARTICLE 6 
  
 DELIVERY, SHIPMENT AND STORAGE OF FINISHED PRODUCT 
  
 Section 6.1. Packing and Shipping. RP shall pack the Product in standard packages of 25 kg and 27.5 kg bags, jumbo bags (1 to 2 MTS) and bulk. [As a reference, a 20 ft FCL based on 25 kg or 27.5 kg bag can
be filled with 16.5 MTS of Product.] RP shall deliver Product to IH or Colgate affiliates or entities ex works the Plant in accordance with instructions received pursuant to Article 4. RP shall arrange for shipping, at the sole cost and expense of
IH or Colgate affiliates or entities, of all Product in accordance with the instructions received from any of them. Title to 

  

 6 

 
in process and finished Product shall transfer to Colgate upon departure of such Product from the Plant. 
  
 Section 6.2. Losses in Connection with Shipping. Although RP
shall in good faith use its best efforts to package and load the Product for shipment in accordance with instructions received from IH or any Colgate affiliate or entity. The parties agree that RP shall not be liable to Colgate for any losses or
damages suffered due to a delay in or damage from shipment. 
  
 Section 6.3. Product Information. RP shall furnish with each shipment hereunder Material Safety Data Sheets (“MSDS”), which include the appropriate chemical abstract service number and confirmation that the product is
also listed on the Toxic Substances Control Act (“TSCA”) chemical substances inventory maintained by the U.S. Environmental Protection Agency. MSDS shall also contain health, safety, and other hazard communication information consistent
with the Occupational Safety and Health Administration’s communication standard. Colgate shall disseminate appropriate health and safety information to Colgate’s employees, contractors, and customers who handle, use, buy or may be exposed
to the Product. 
  
 ARTICLE 7 
  
 PRODUCT SPECIFICATIONS 
  
 Section 7.1. Product Specifications. The Product Specifications
listed on Exhibit A hereto may be changed from time to time by mutual agreement of the parties to meet the demands of the market or as a result of process changes the parties may agree to make. If the changes to the Product Specifications result in
a cost change to RP, then RP shall only be required to proceed with such changes if the parties agree to an adjustment in the Price for the Product to the extent affected. 
  
 ARTICLE 8 
  
 CLAIMS AND WARRANTIES; INDEMNITY 
  
 Section 8.1. RP’s Warranty. RP warrants exclusively to Colgate and IH that Product sold and delivered hereunder shall at the time of
delivery conform to the applicable Product Specifications. 
  
 Section 8.2. Exclusive Warranty. THE WARRANTY PROVIDED FOR IN SECTION 8.1 IS EXCLUSIVE AND IN LIEU OF ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE,
WHETHER PERTAINING TO THE PRODUCT AND WHETHER ARISING BY LAW, CUSTOM, CONDUCT, OR USAGE OR TRADE, AND THE RIGHTS AND REMEDIES OF COLGATE PROVIDED IN ARTICLE 8 ARE EXCLUSIVE AND IN LIEU OF ALL OTHER RIGHTS AND REMEDIES. 
  

 7 

 Section 8.3. RP’s Covenants. RP covenants to comply with all federal or national, state
or regional, local or municipal laws, regulations, ordinances, permits and orders, including, without limitation, all environmental, health, safety, child welfare, wage and hour, labor and other workplace laws regulations, and RP shall obtain all
necessary permits and approvals, in each case as is necessary in connection with RP’s performance of this Agreement. 
  
 Section 8.4. Colgate’s Remedies. If any Product is shown to be in breach of RP’s warranty contained in Section 8.1
(“Non-Conforming Product”), Colgate’s and IH’s exclusive remedy shall be to return to RP the Non-Conforming Product and to receive a credit in the amount paid to RP hereunder for such Non-Conforming Product and related
transportation costs (including costs of returning such Non-Conforming Product) or to have RP replace such Non-Conforming Product. 
  
 Section 8 5. Consequential or Incidental Damages. EXCEPT FOR RP’S OBLIGATION TO REFUND OR REPLACE NON-CONFORMING PRODUCT AS SET FORTH IN
SECTION 8.4 ABOVE AND EXCEPT AS SET FORTH IN SECTION 8.7 BELOW. RP SHALL NOT BE LIABLE FOR, AND COLGATE AND IH WAIVE ANY AND ALL CLAIMS AGAINST RP FOR, ANY AND ALL DAMAGES, INCLUDING SPECIAL, INDIRECT, CONSEQUENTIAL OR INCIDENTAL DAMAGES, WHICH MAY
BE CAUSED BY, OR IN ANY WAY RESULT FROM, THE PRODUCT OR ITS DELIVERY UNDER THIS AGREEMENT, OR ANY BREACH OF RP’S COVENANTS HEREUNDER, INCLUDING DAMAGES RESULTING FROM DELAYS IN DELIVERY, OR FAILURE TO DELIVER, ANY PRODUCT, WHETHER BASED ON
NEGLIGENCE, BREACH OF WARRANTY, STRICT LIABILITY, VIOLATION OF LAW OR ANY OTHER CAUSE OF ACTION. 
  
 Section 8 6. Notification. Any potential claim by Colgate or IH that any Product failed to meet its applicable Product Specifications or is
otherwise not in compliance with the applicable Purchase Order shall be waived unless made within six (6) months after receipt and acceptance of the applicable shipment of Product. 
  
 Section 8.7. Gross Negligence and Willful Misconduct. It is understood and agreed that the limitations on
RP’s liability as set forth in Sections 8.2, 8.4 and 8.5 shall not apply in respect to any personal injuries or property damages, to the extent that such injuries or damages have been caused by RP’s gross negligence or willful misconduct.

  
 Section 8.8. Suitability of Product. Determination
of the suitability of any of the Product for the uses and applications contemplated by Colgate or IH shall be the sole responsibility of Colgate and IH. RP makes no warranty or guaranty with respect to the use of any of the Product, whether used
singly or in combination with any other material. 
  
 Section 8.9. Indemnity. 
  
 (a) RP agrees to indemnify, defend and hold harmless Colgate and IH and each of its officers, director, stockholders, agents and employees from and against and in respect of 

  

 8 

 
any and all demands, claims, actions or causes of action, assessment and losses, damages, liabilities, interest and penalties, costs and expenses (including,
without limitation, legal fees and disbursements incurred in connection therewith and in seeking indemnification therefor, and any expenses required to be paid or incurred in connection with any action, suit, proceeding, claim appeal, demand,
assessment or judgment) (collectively, “Losses”), resulting from, arising out of, or imposed upon or incurred by any person to be indemnified hereunder by reason of RP’s performance of this Agreement; provided, however, that it is
expressly understood and agreed that (i) RP’s indemnity obligation under Section 8.9(a) is absolutely subject to the provisions Section 8.1 through 8.8, inclusive; and (ii) accordingly, any Losses which are covered by such
provisions are not indemnifiable by RP under this Section 8.9(a) (except as otherwise provided in Section 8.7). RP’s indemnification obligations under this Section 8.9 shall survive the expiration or earlier termination of this
Agreement for any reason whatsoever. 
  
 (b)
Except as set forth in Section 8.9(a), Colgate agrees to indemnify, defend and hold harmless RP and each of its officers, directors, stockholders, agents and employees from and against and in respect of any and all Losses resulting from,
arising out of, or imposed upon or incurred by any person to be indemnified hereunder by reason of the sale, marketing, possession, handling, processing or use of any of the Product following delivery to and acceptance by Colgate or IH or any
Colgate affiliate or entity, regardless of the cause or origin of the Losses. Colgate’s indemnification obligations under this Section 8.9 shall survive the expiration or earlier termination of this Agreement for any reason whatsoever.

  
 ARTICLE 9 
  
 CONFIDENTIALITY 
  
 Section 9.1. Confidentiality by RP. Except as otherwise
authorized herein. RP shall not, at any time or in any manner, either directly or indirectly, divulge, disclose or communicate to any person, firm or corporation in any manner whatsoever any information concerning any matters affecting or relating
to the Product, including without limitation, the Price or any other information concerning the business of Colgate or IH, its manner of operation, its plans, processes, or other data without regard to whether all of the foregoing matters will be
deemed confidential, material or important, the parties stipulating that as between them, the same are important and confidential and materially affect the successful conduct of the business of Colgate or IH and its or their good will;
provided, however, that RP may make such disclosure of any of the above information (i) upon the prior written consent of Colgate and IH, (ii) if and only to the extent required to be made to RP’s employees,
representatives, contractors or others as necessary or appropriate in the performance of this Agreement or (iii) as may otherwise be required by law or regulation or by order of a court or other governmental agency. Notwithstanding anything
contained herein in this Article 9 to the contrary, RP shall have the right to use, disclose or otherwise deal with any information which (i) at the time of disclosure from Colgate or IH to RP was generally available to the public (other than
by breach of a contractual, legal or fiduciary obligation of which-RP had reason to be aware), as evidenced by generally available documents or 

  

 9 

 
publications; (ii) after disclosure from Colgate or IH to RP becomes generally available to the public by publication or otherwise by reason other than
a breach of any contractual, legal or fiduciary obligation of which RP had reason to be aware; or (iii) was received by RP from a third party, which third party was not prohibited from transmitting such information to the disclosing party by
reason of a contractual, legal or fiduciary obligation of which RP had reason to be aware. 
  
 Section 9.2. Confidentiality by Colgate or IH. Except as otherwise authorized herein, Colgate and IH shall not, at any time or in any manner, either directly or indirectly, divulge, disclose or communicate
to any person, firm or corporation in any manner whatsoever any information concerning any matters affecting or relating to the Product, including without limitation, the Price, the Intellectual Property or any other information concerning the
business of RP, its manner of operation, its plans, processes, or other data without regard to whether all of the foregoing matters will be deemed confidential, material or important, the parties stipulating that as between them, the same are
important and confidential and materially affect the successful conduct of the business of RP and its good will, provided, however, that Colgate or IH may make such disclosure of any of the above information (i) upon the prior
written consent of RP, (ii) if and only to the extent required to be made to Colgate’s or IH’s employees, representatives, contractors or others as necessary or appropriate in the performance of this Agreement or (iii) as may
otherwise be required by law or regulation or by order of a court or other governmental agency. Notwithstanding anything contained herein in this Article 9 to the contrary, Colgate and IH shall have the right to use, disclose or otherwise deal with
any information which (i) at the time of disclosure from RP to Colgate or IH was generally available to the public (other than by breach of a contractual, legal or fiduciary obligation of which Colgate or IH had reason to be aware), as
evidenced by generally available documents or publications; (ii) after disclosure from RP to Colgate or IH becomes generally available to the public by publication or otherwise by reason other than a breach of any contractual, legal or
fiduciary obligation of which Colgate or IH had reason to be aware; or (iii) was received by Colgate or IH from a third party, which third party was not prohibited from transmitting such information to the disclosing party by reason of a
contractual, legal or fiduciary obligation of which Colgate or IH had reason to be aware. 
  
 Section 9.3. Survival of Obligations. The obligations and covenants of the parties set forth in this Article 9 shall survive the expiration or termination of this Agreement for any reason whatsoever for a
period of ten (10) years. 
  
 ARTICLE 10 
  
 FORCE MAJEURE 
  
 No liability shall result to Colgate, IH or RP from any delay in performance
or from non-performance caused by circumstances beyond the reasonable control of the party affected, including but not limited to, acts of God, fire, flood, explosion, war, action or request of governmental authority, accident, labor trouble or
shortage, inability to obtain material, power, equipment or transportation, or any other circumstances of a similar or different nature beyond 

  

 10 

 
the reasonable control of the party so failing, in each case for reasons other than the adverse financial condition of the party so failing (“Force
Majeure”). The party suffering the Force Majeure shall diligently attempt to remove such cause or causes and shall promptly notify the other party of the existence of such Force Majeure and its probable duration. If any event of Force Majeure
occurs that will affect RP’s ability to timely fill any Purchase Order. Colgate, IH or any Colgate affiliate or entities shall be entitled to cancel such Purchase Order and to suspend Colgate’s, IH’s or any Colgate affiliate or entity
obligation to purchase product on a pro rata basis (based on the duration of the event of Force Majeure) solely during the period of the Force Majeure. In no event, however, shall an event of Force Majeure suspend or otherwise affect the obligation
of Colgate, IH or any Colgate affiliate or entity to pay for Product which is or has been provided or to pay the Fixed Amounts Per Metric Ton. 
  
 ARTICLE 11 
  
 TAXES 
  
 RP may at its option elect to add to the purchase price invoiced hereunder any additional amounts required to be paid by RP pursuant to any new tax, or amendment to an existing tax, which amounts are payable by RP as
a result of the sale or delivery of the Product to Colgate, IH or any Colgate affiliate or entity including but not limited to, sales tax, use tax, gross receipts tax, value added tax and transportation tax. 
  
 ARTICLE 12 
  
 DISPUTE RESOLUTION 
  
 Section 12.1. Except as otherwise provided in this Agreement, the
parties shall attempt in good faith to resolve any dispute arising out of or relating to this Agreement promptly by confidential negotiations between persons who have authority to settle the controversy. All such negotiations shall be treated as
compromise and settlement negotiations for purposes of the relevant rules of evidence. Any party may give the other party written notice of any dispute. Within ten (10) business days after delivery of such notice, the receiving party shall
submit to the other a written response. The initial notice and the response shall include a statement of each party’s position and a summary of the arguments supporting that position. Within twenty (20) business days after the date of the
initial notice, the duly authorized representatives of the parties (and/or their delegates) shall meet at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, to attempt to resolve the dispute. All
reasonable requests for information made by one party to the other shall be honored promptly, and such exchange may, as the parties may agree, be governed by Article 9. 
  
 Section 12.2. If the parties do not meet or the dispute has not been resolved by the foregoing negotiation within
thirty (30) business days of the disputing party’s initial notice, the parties shall endeavor to settle the dispute by non binding mediation under the then current CPR 

  

 11 

 
Model Mediation Procedure for Business Disputes. Unless otherwise agreed the parties shall select a mediator from the CPR Panels of Neutrals. The mediation
shall take place in New York. New York and shall be concluded within seventy-five (75) days from the date of the disputing party’s initial notice, unless the parties mutually agree to an extension. 
  
 Section 12.3. If the dispute is not settled through the foregoing
mediation procedure, either party may refer the dispute to and the dispute will be settled by, arbitration, before three (3) arbitrators in accordance with the rules of the CPR Model Arbitration Rules then in effect. To initiate arbitration
under this Section 12.3, the aggrieved party shall give the other party written notice, describing the claim and the amount as to which intends to initiate arbitration. Within fifteen (15) days after the receipt of such notice, each party
shall select one person to act as arbitrator, and the two so selected shall select a third arbitrator within ten (10) days of their appointment. If the arbitrators selected by the parties are unable or fail to agree upon the third arbitrator,
the third arbitrator shall be selected by the CPR. At least one of the arbitrators so selected will be an attorney actively engaged in the practice of law for at least (10) years and familiar with procurement Agreements. Any such arbitration
will be conducted in New York, NY. The arbitrators shall apply New York law, regardless of its choice of law principles. The reasonable expenses of the arbitration shall be borne equally by the parties. Each party shall bear the cost of its counsel
and other experts. The parties shall agree on a schedule for conducting the arbitration, including the exchange of documents and the examination of witnesses. The award of the arbitrators shall be accompanied by a reasoned opinion. Judgment upon the
award rendered by the arbitrators may be entered in any court having jurisdiction of the parties and the subject and matter of the dispute. 
  
 Section 12.4. The parties further agree that: 
  
 (a) The arbitrators will have no authority to make any ruling, finding or award that does not conform to the terms and conditions of this
Agreement. 
  
 (b) Either party, before or during
arbitration, may apply to an appropriate New York court having jurisdiction of the parties and the subject matter of the dispute for a temporary restraining order or preliminary injunction where such relief is necessary to protect its interest
pending completion of the arbitration proceedings. Arbitration will not be required for actions for recovery of specific property. 
  
 (c) Neither party nor the arbitrators may disclose the existence or results of any arbitration hereunder without the prior written consent
of both parties. 
  
 (d) Each party will bear its
own costs and expenses incurred in connection with any of the foregoing dispute resolution. 
  

 12 

 ARTICLE 13 
  

INSURANCE 
  
 Section 13.1 By RP. RP shall provide and maintain at its expense during the term of this Agreement comprehensive general liability insurance,
including product and contractual liability insurance covering bodily injury and property damage to third parties arising out of the use or handling of the Product, with a limit of $5,000,000 for any one occurrence with respect to bodily injury and
property damage. 
  
 Section 13.2 By Colgate. Colgate
shall provide and maintain at its expense during the term of this Agreement comprehensive general liability insurance, including product and contractual liability insurance covering bodily injury and property damage to third parties arising out of
the use or handling of the Product, with a limit of $5,000,000 for any one occurrence with respect to bodily injury and property damage. 
  
 ARTICLE 14 
  
 NOTICES 
  
 All notices, claims, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given if personally delivered or on the date of receipt or refusal indicated on the
return if delivered or mailed (registered or certified mail postage prepaid, return receipt requested) as follows: 
  

			
	If to Colgate:	  	Colgate-Palmolive Company
	 	  	300 Park Avenue
	 	  	New York, New York 10022
	 	  	Fax (212) 310-2923
	 	  	Attn: Global Materials & Sourcing
		
	with copies to:	  	General Counsel
	 	  	Colgate-Palmolive Company
	 	  	300 Park Avenue
	 	  	New York, New York 10022
	 	  	Fax (212) 310-3274
	 	  	Attn: General Counsel
		
	 	  	Inmobiliaria Hills, S.A. de C.V.
	 	  	Presa la Angostura 225, Col. Irrigacion,
	 	  	Mexico, D.F., C.P. 11500
	 	  	Attn: Stuart Burkhead

  

 13 

			
	If to RP:	  	Rhodia Inc.
	 	  	Prospect Plains Road
	 	  	Cranbury, New Jersey 08512-7500
	 	  	Attn: Richard Kennedy, Jr.
		
	with a copy to:	  	Rhodia Inc.
	 	  	Prospect Plains Road
	 	  	Cranbury, New Jersey 08512-7500
	 	  	Attention: Senior Operations Counsel
		
	 	  	Rhone-Poulenc de Mexico, S.A. de C.V.
	 	  	Av. Vasco de Quiroga No. 3000 PISO 2
	 	  	Col. Lomas de Santa Fe, 01210, Alvaro
	 	  	Obregon, Mexico, D.F.
	 	  	Attention: Daniel Vidalinc
	 	  	General Manager

  
 or to such other address as the person
to whom notice is to be given may have previously furnished to the other in writing in the manner set forth above. 
  
 ARTICLE 15 
  
 MISCELLANEOUS 
  
 Section 15.1.
Entire Agreement. The term and conditions hereof, together with the Operations Agreement and the Lease, shall constitute the entire agreement between the parties and shall supersede all previous communications, either oral or written, between
the parties with respect to the subject matter hereof, and any agreement or understanding, varying or extending the same shall not be binding upon either party unless in writing. 
  
 Section 15.2. Governing Law. This Agreement shall be governed by, and construed and enforced in accordance with,
the laws of the State of New York without regard to its provisions concerning conflicts or choice of law. English shall be the governing language of this Agreement. 
  
 Section 15.3. Assignment; Binding Nature. This Agreement shall not be assignable by either party hereto without
the express prior written consent of the other party, except to the successor or assignee of all or substantially all of the assignor’s business to which the Agreement relates. When duly assigned in accordance herewith, this Agreement shall be
binding on and inure to the benefit of each party’s successors and assignees. 
  
 Section 15.4. Counterparts. This Agreement may be executed in counterparts, each of which shall be an original, both of which together shall constitute one and the same agreement. 
  

 14 

 Section 15.5. Headings. Readings as to the contents of particular Articles or Sections are
provided for convenience only and are in no way to be construed as part of this Agreement or as a limitation of the scope of the particular Articles or Sections to which they refer. 
  
 Section 15.6. Non-Waiver. Failure of either party to exercise any of its rights under this Agreement upon one
occasion shall not waive the party’s right to exercise the same on another occasion. 
  
 Section 15.7. Independent Business. In the performance of this Agreement, the parties are engaged in independent business, and nothing in this Agreement shall be construed to. 
  
 (a) grant either party any right to control the other party with respect to
the conduct of its business expect as provided in the Operating Agreement; 
  
 (b) make either party a partner, joint venture, agent or other representative of the other party; 
  
 (c) grant either party any right of authority to assume or create any obligation on behalf of or in the name of the other party; or 
  
 (d) accept legal summons or legal process for the other party. 
  
 Section 15.8. Conflict. If the terms of this Agreement conflict
with the terms of the Letter of Intent or Operations Agreement, the terms of this Agreement shall govern such conflicts expressly addressed in this Agreement. Except for such conflicts addressed in the preceding sentence, the terms of the Letter of
Intent shall remain unchanged and continue in full force and effect. 
  
 Section 15.9. Compliance with Laws. In the performance of the Agreement, Colgate, IH and Colgate’s affiliates or entities and RP shall comply with all applicable federal or national, state or regional and local or municipal
laws, regulations, ordinances, permits and orders, including, without limitation, all environmental, health, safety, child welfare, wage & hour, label and other workplace laws and regulations, and Colgate, IH or its or their respective
affiliates or entities, as appropriate, shall obtain all necessary permits and approvals and give all stipulations, certifications and representations, in each case as is necessary in connection with its or their performance of the Agreement.

  

 15 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first
above written. 
  

			
	COLGATE-PALMOLIVE COMPANY
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  

			
	INMOBILIARIA HILLS S. A. de C.V.
		
	By:	 	/s/ Salvador Martinez-Murillo
	Name:	 	 Salvador Martinez-murillo

	Title:	 	 Legal Representative.

  

			
	RHONE-POULENC de MEXICO S.A. de C.V.
		
	By:	 	/s/ Daniel Vidalinc
	Name:	 	 Daniel Vidalinc

	Title:	 	 General Manager

  

 16 

  
 EXHIBIT A 

 
 Specifications 
  
 (See Attachment) 
  
 Agreement upon the above-listed specifications has been reached by the authorized individuals in each company whose
signatures appear below. 
  

			
	COLGATE-PALMOLIVE COMPANY
		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 
		
	 Date:
	 	 

  

			
	INMOBILIARIA HILLS, S.A. de C.V.
		
	 By:
	 	/s/ Salvador Martinez-Murillo
	 Name:
	 	 Salvador Martinez-murillo.

	 Title:
	 	 Legal Representative

		
	 Date:
	 	JUNE 18, 1998.

  

			
	RHONE-POULENC de MEXICO S.A. de C.V.
		
	By:	 	 /s/ Daniel Vidalinc

	Name:	 	 Daniel Vidalinc

	Title:	 	 General Manager

		
	Date:	 	 

  

 17 

 (****) 

 (****) 

 EXHIBIT B 
  

Price 
  
 (****) 

 EXHIBIT C 
  
 LOCAL SUPPLY AGREEMENT 
  
                      (“Colgate”) an affiliate of
Colgate Palmolive Company and Rhone-Poulenc de Mexico, S.A. de C.V. (“Supplier”) agree as follows: 
  

	1.	Colgate shall purchase from Supplier and Supplier shall sell and deliver to Colgate Product, as fully defined in the Supply Agreement by and among Colgate-Palmolive Company,
Inmobiliara Hills, S.A. de C.V. and Supplier dated June     , 1998 (the “Supply Agreement”), for use in Colgate brands. 

  

	2.	Such purchases shall be subject to all of the terms and conditions of the aforesaid Supply Agreement, including, without limitation, the purchasing and pricing terms of Article 2.

  

	3.	Colgate’s purchases shall also be subject and the terms, conditions and instructions contained in the attached purchasing, scheduling or release orders. To the extent that
these terms, conditions and instructions conflict with any express term of the Supply Agreement, the latter term shall control. 

  
 Agreement on these matters has been reached by authorized individuals in each company whose signatures appear below. 
  

			
	 RHONE-POULENC, S.A. de C.V.

		
	 By:
	 	 
	 	 	 Name

	 	 	 Title

	
	 COLGATE PALMOLIVE

		
	 By:
	 	 
	 	 	 Name

	 	 	 Title

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00094-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00094-of-00352.parquet"}]]