Document:

Purchasing 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: All (100%) of Buyer’s Requirements for 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 three (3) Contract Years, from
1 January 2008 through 31 December 2010; continuing from year to year thereafter unless either party shall give written notice to the other before 30 September 2010 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. 
  

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 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 100% 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)

  

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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. 
  

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 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 with Seller giving consideration to it being the sole source of the Products 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. 
  

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 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. 
  

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 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

  

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 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)	  		  		  	

  

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 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

  

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 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)	  		  		  	

  

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 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)
	  		  		  	

  

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 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

  

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 SCHEDULE II 
 QUANTITY 
  

							
	 INNOPHOS LIME -
CONSUMING LOCATIONS
	  	 INNOPHOS LIME-USAGE PROFILE
(SUPPLIED 100% BY MISSISSIPPI
LIME)
	  	 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 =
	  		  	[*****]
		  		  		  	 

  

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 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
	Pebbled Quicklime	  	Chicago Heights, IL	  	[***** ]	 	[*****]	 	[*****]
		  		  	[***** ]	 	[*****]	 	[*****]
		  		  	[***** ]	 	[*****]	 	[*****]
	Pebbled Quicklime	  	Nashville, TN	  	[***** ]	 	[*****]	 	[*****]
		  		  	[***** ]	 	[*****]	 	[*****]
		  		  	[***** ]	 	[*****]	 	[*****]
	Pebbled Quicklime	  	Mission Hills, MX	  	[***** ]	 	[*****]	 	[*****]
		  		  	[***** ]	 	[*****]	 	[*****]
		  		  	[***** ]	 	[*****]	 	[*****]
	  
 *  An
“Upfront Rebate” of [*****] will apply to all Pebbled Quicklime shipments during the term of this Purchasing Agreement as long as Seller maintains 100% of supply of Lime Product requirements to all Buyer’s Facilities. Should
Seller cease being the “sole (100%) supplier” 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 Seller’s supply position became less than 100% of Product to all Buyer’s Facilities.
  

	VitaCal H*	  	Nashville, TN	  	[***** ]	 	[*****]	 	[*****]
		  		  	[***** ]	 	[*****]	 	[*****]
		  		  	[***** ]	 	[*****]	 	[*****]
	MicroCal HF	  	Nashville, TN	  	[***** ]	 	[*****]	 	[*****]
		  		  	[***** ]	 	[*****]	 	[*****]
		  		  	[***** ]	 	[*****]	 	[*****]

  

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

  

 Page 13Form of Individual Employment Agreement

 Exhibit 10.24 
 INDIVIDUAL EMPLOYMENT AGREEMENT FOR AN UNDETERMINED LENGTH OF TIME Executed by                         ,
on his own behalf, (“The Employee”); and by INNOPHOS SERVICIOS DE MEXICO, S. de R.L. de C.V., represented by
                                        ,
in his capacity as Human Resources and Communication Director (“The Employer”). To facilitate the construction of this Agreement, they offer the following: 
 RECITALS 
  

					
	I.- The Employee represents:	 		 	
			
	(a).- That his name is as indicated above	 		 	
			
	(b).- That he is originally from:	 	  
	 	
			
	(c).- That he was born on:	 	  
	 	
			
	(d).- That his nationality is:	 	  
	 	
			
	(e).- Marital status:	 	  
	 	
			
	(f).- Gender:	 	  
	 	
			
	(g).-That his private residence is located at:	 	  
	 	
			
		 	  
	 	

 II.- “The Employer” represents that: 
 (a).- It is a business corporation, duly incorporated in accordance with Mexican law. 
 (b).- That its domicile is located at Insurgentes Sur # 1971, Torre 3, 6° piso, Col. Guadalupe Inn, Mexico City, Federal District, C.P. 01020. 
 (c).- That its activities include providing specialized professional consultancy services on administrative, operational and legal, commercial, financial, tax and accounting matters. 
 In accordance with these recitals and to obtain the parties’ objectives, the Individual Employment Contract for an Undetermined Length of Time is subject to the
following: 
 ARTICLES 
 ONE.- Each
of the contracting parties expressly recognizes the character of the other party for all ensuing legal purposes. 
 TWO.- “The
Employee” affirms that he has sufficient expertise and capacity, as well as the experience and interest, needed to perform the requested work. 
 THREE.- “The Employer” states that it has the legal powers required to assume the obligations set forth in this agreement. 
 FOUR.- This Contract is executed for an Undetermined Length of Time and may be amended, rescinded or terminated only in the cases set forth in the Federal Labor Law. 
 FIVE.- “The Employee” undertakes to execute his personal work with the intensity, care and conscientiousness appropriate for the position, and
under the management and supervision of “The Employer,” as well as to abide by the orders and instructions that he receives in all matters concerning the work. The work will consist precisely of the activities that are set forth and
are inherent to the position of
                                       
                     , position that is assigned to the Department of the
                                       
 with cost center
                                       
 . It is hereby expressly indicated that this description of activities is inclusive and not exclusive, inasmuch as the employee will be required to deal with any activity related to his main duties, even if such activities need to be
performed away from the company’s domicile, which is located at Insurgentes Sur # 1971, Torre 3, 6° piso, Mexico City, Federal District, C.P. 01020. In all of his actions, the Employee will always abide by the orders of his
superiors. In addition, “The Parties” agree that, when for administrative reasons or reasons related to the conducting of the activity or provision of services contracted The Employee needs to perform his services in another
location, he will go to the place indicated to him by “The Company.” Moreover, the parties agree that in the future “The Employee” may hold any other position to which the “The Company” appoints
him, provided that such appointment does not entail a lower salary. 

 SIX.- The duration of the work shift will be forty hours, and these hours may be broken down in accordance with
paragraph two of Article 59 of the Federal Labor Law. “The Employee” is required to abide by the work schedule that “The Company” establishes, which preferably will be from Monday through Friday. 
 SEVEN.- In exchange for the personal dependent services performed by the employee, “The Employer” undertakes to pay him the monthly amount of:
$                            . The payment of the salary will be made at the company’s
domicile on the             th day of each month, in the case of “The Employee.” The amount indicated above includes the proportion corresponding to the sixth
and seventh days of the week and obligatory days off. From the aforementioned salary, “The Employer” will make, on behalf of “The Employee,” the corresponding legal deductions, particularly those related to Taxes,
Social Security, Union Dues, among others. Similarly, the required contributions to and registration with the IMSS, INFONAVIT, SAR (AFORE) and SAT (SHCP) will be made, in accordance with the respective laws. 
 EIGHT.- “The Employee” will have two days off for each five days of work, and it is agreed that said days will preferably be Saturday and Sunday.

 NINE.- The following are obligatory days off: January 1; the first Monday of February, the third Monday of March and the third Monday of
November, in commemoration of the Day of the Constitution, Anniversary of the Birth of Benito Juárez and Anniversary of the Revolution, respectively; September 16; December 1 each six years, when the power of the federal
executive branch is transferred; December 25; and any days determined by federal and local electoral laws, in the case of the holding of ordinary elections, in accordance with Article 74 of the Federal Labor Law. 
 TEN.- “The Employee” will have an annual vacation period consisting of the days set forth in the following table. In all cases, a vacation bonus of
            % of the daily salary (taking into account the sixth and seventh days) for each day of vacation will be paid, as follows: 
  

							
		 	1 to 4 years	 	15 vacation days	  	
		 	5 to 24 years	 	20 vacation days	  	
		 	25 to 29 years	 	22 vacation days	  	
		 	30 or more years	 	24 vacation days	  	

 ELEVEN.- “The Employee” will receive an annual Christmas bonus consisting of:
             days of his daily salary, without taking seniority into account. At the end of this Contract, “The Employee” will receive the prorated payment of
his vacation and Christmas bonus, respectively. 
 TWELVE.- “The Employer” undertakes to provide training in accordance with Title Four,
Chapter III Bis, of the Federal Labor Law. For his part “The Employee” undertakes to abide by the information provided in the training courses given by the Mixed Commission and approved by the Ministry of Labor and Social Welfare,
in accordance with Articles 153 A, 153 B, 153 I and other corresponding articles of the Labor Law. 
 THIRTEEN.- Both parties state that they are
familiar with their obligations and restrictions —that is, in the case of “The Employer,” Articles 132 and 133 of the Federal Labor Law, and in the case of “The Employee,” Articles 134 and 135 thereof.

 FOURTEEN.- “The Employee” states that he is familiar with, understands and applies the general rules on workplace procedures and safety
applicable to him, and that he performs his work with the needed intensity, care and conscientiousness and in the required manner, time and place. 
 FIFTEEN.- “The Employee” is required to undergo the medical texts or examinations that he is periodically requested to undergo. 

 SIXTEEN.- “The Employee” states that his address is as given in
            , subsection             , of this Contract. In the event the Company decides to rescind
this Contract, the Employee requests the Company to give him notice of the rescission at said address; hence, any notice served in accordance with these terms will have the same effects as if it had been served on him personally. 
 SEVENTEEN.- The company expressly recognizes that the Employee’s seniority is calculated starting on
                            . 
 EIGHTEEN. Both parties agree that “The Employer” will provide the “The Employee” with the work tools needed for his correct and proper fulfillment of the obligations covered by
this contract. In addition, “The Employee” hereby undertakes to sign all documents that “The Employer” requests that he sign and will document the delivery of said work tools, which “The Employee”
undertakes to use with care and to return to “The Employer” at the end of the employment relationship. In addition, “The Employee” recognizes that said work tools do not constitute an employment benefit, since they
are given to him as work tools for the proper performance of his work. 
 NINETEEN.- “The Employee” recognizes than before the
execution of this Contract, “The Employer” has developed and acquired technical information, expertise, information on the manufacturing, marketing and sale and use of The Employer’s products or services, which give
“The Employer” technical, economic or competitive advantages (the “Industrial Secrets”). In addition, “The Employee” recognizes that “The Employer” has taken and continues to take all
appropriate measures required to maintain the confidentiality of said Industrial Secrets. Based on this, “The Employee” accepts and agrees that any Industrial Secrets that are revealed to him will be treated as confidential and
maintained as such and undertakes to not disclose them to any entity or third person. The Industrial Secrets will be used by “The Employee” only as part of and for the purposes of his duties. In addition, “The
Employee” agrees that any disclosure of the Industrial Secrets to a third person will be made only to the extent that such disclosure consists of “necessary knowledge” and provided that said person agree, in writing, to maintain
the disclosed Industrial Secrets confidential at least in accordance with the terms set forth in this Contract and provided that said person is informed of the confidentiality obligations contained herein. “The Employee” expressly
recognizes that a breach of this article automatically benefits The Employee and/or a third party and/or causes irreparable harm to The Employer. 
 TWENTY.- In addition to the provisions of the Preceding article, “The Employee” acknowledges that under this Agreement he will have access to certain Confidential Information (as defined below) of “The
Employer,” its parent company, subsidiaries, affiliates or related companies. “The Employee” undertakes to not disclose or disseminate Confidential Information to any person or entity, or to use it or modify the use
thereof, or to reproduce it directly or indirectly in any manner or for any purpose person or entity, without the prior, written consent of “The Employer,” unless he needs to take such action to comply with his obligations under
this Contract. Said obligation will subsist for the term of this Contract and throughout the year following the termination thereof (the “Restrictive Period”). 
 Upon the termination of this Agreement for any reason, “The Employee” undertakes to deliver to “The Employer” all Confidential Information and information relative to the services
provided, or any information created or obtained by “The Employee” while performing his services for “The Employer.” 
 For
the purposes of this Contract, “Confidential Information” is understood as all commercialization and marketing plans and other business plans, business methods, pricing processes, purchases, licenses, contracting, lists of and information
regarding executives, suppliers and clients, financial information, technological developments, manufacturing processes, software, and any manufactured devices or products used, developed or researched by “The Employer,” its parent
company, subsidiaries, affiliates or related companies, its shareholders, officers, executives or agents that is not an “Industrial Secret” and not known or available to the competitors of “The Employer.” 
 The terms of this Contract will be considered Confidential Information of “The Employer” and, for this reason, “The Employee”
undertakes to not disclose them to any third parties. 
 A breach of the provisions of this article will give rise to the rescission of this Contract with no
liability for “The Employer.” 

 TWENTY-ONE.- The parties agree that matters not set forth in this Contract will be governed by the Mexican Federal
Labor Law applying to general matters, and for its construction, compliance, execution and fulfillment they expressly submit to the competence and jurisdiction of the corresponding Conciliation and Arbitration Board. 
 Once this Individual Employment Contract had been read aloud and its entirety, the parties to it, knowing its scope and legal consequences, ratified and signed
duplicate copies thereof in witness of their intention to assume binding obligations in the terms stated therein, on this day. This contract has been executed in Mexico City, Federal District, on
                            . 
  

									
	 Employer
	 	 	 	 	  	Employee
	  
  
	 		 		  	  

	INNOPHOS SERVICIOS DE MÉXICO, S. DE R.L. DE C.V. ING.	 		 		  	NAME-	  	  

	  
	 		 		  		  	

 TAX IDENTIFICATION CARD 
  

					
	 Name:
	 	  
	 	
			
	 Address:
	 	  
	 	
			
	 Telephone:
	 	  
	 	
			
	 Gender:
	 	  
	 	
			
	 In case of accident, please notify:
	 	  
	 	
			
	 Relationship:
	 	  
	 	

 I undertake to: 
  

	(a)	Inform the company of any change in personal issues that might require an amendment to this Contract, such as my: marital status, address, telephone, etc.

	(b)	Promptly inform the company of any obligation that I have assumed and which the company is responsible for fulfilling.

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