Document:

Exhibit 10.1

 

AMENDMENT TO THE CONCESSION GRANTED ON JUNE 29, 1998 BY THE
FEDERAL GOVERNMENT THROUGH THE MINISTRY OF COMMUNICATIONS AND TRANSPORTATION,
REPRESENTED BY ITS HEAD, MR. CARLOS RUIZ SACRISTÁN, IN FAVOR OF AEROPUERTO DE
MONTERREY, S.A. DE C.V., REPRESENTED BY ITS CHIEF EXECUTIVE OFFICER MR. LOUIS
PRIEDE WESTON, HEREINAFTER REFERRED TO AS THE MINISTRY AND THE CONCESSION
HOLDER, RESPECTIVELY, IN ACCORDANCE WITH THE FOLLOWING TERMS AND CONDITIONS.

 

RECITALS

 

I.                                         On June 29, 1998, the Ministry granted in
favor of the Concession Holder, a concession to (i) manage, operate and utilize
the International Airport of the City of Monterrey, Nuevo León, and carry out
constructions thereon, in order to render airport, complementary and commercial
services in the Airport; and (ii) to use, utilize and make use of the
Concession Assets in accordance with the General Law of National Assets.

 

II.                                     In terms of Condition 23 of the concession
title mentioned in the foregoing Recitals, the terms established thereby would
be amended by the Ministry in order to adjust them to the process of opening of
the Mexican airport system to investment.

 

III.                                 The Concession Holder was incorporated under
Mexican Laws as a corporation of variable capital, as evidenced in public deed
number 44,363, granted on May 28, 1998 before Mr. Emiliano Zubiría Maqueo,
Notary Public No. 25 for the Federal District, whose first deed was recorded on
June 25, 1998 under folio number 238,592 of the Public Registry of Property and
Commerce for the City of Mexico, Federal District.  The Concession Holder designates as its
domicile to receive notices:  Carretera
Miguel Alemán, Municipio de Apodaca, Nuevo León, C.P. 66600, Mexico.

 

IV.                                 Grupo Aeroportuario del Centro-Norte, S.A. de
C.V., a Mexican corporation incorporated under public deed number 44,355,
granted on May 28, 1998 before Mr. Emiliano Zubiría Maqueo, Notary Public No.
25 of the Federal District, whose first deed was recorded on June 25, 1998 with
the Public Registry of Property and Commerce for the Federal District under
folio number 238,749, is the owner of 100% (one hundred percent) less one share
representative of the capital stock of the corporations of Aeropuerto de
Acapulco, S.A. de C.V., Aeropuerto de Mazatlán, S.A. de C.V., Aeropuerto de Zihuatanejo,
S.A. de C.V., Aeropuerto Zacatecas, S.A. de C.V., Aeropuerto de Culiacán, S.A.
de C.V., Aeropuerto de Ciudad Juárez, S.A. de C.V., Aeropuerto de Chihuahua,
S.A. de C.V., Aeropuerto de San Luis Potosí, S.A. de C.V., Aeropuerto de
Durango, S.A. de C.V., Aeropuerto de Torreón, S.A. de C.V., Aeropuerto de
Tampico, S.A. de C.V. and Aeropuerto de Reynosa, S.A. de C.V., each of which,
as the Concession Holder, have received a concession from the Federal
Government to manage, operate, utilize and, as the case may be, construct the
airports maintained by them, as well as to use and benefit from the real
estates of public domain where the airports are located.

 

V.                                     Mr. Louis Priede Weston, legal representative
of the Concession Holder, has sufficient legal authority, as evidenced in
public deed No. 52,704, granted on June 28, 1999, before Luis de Angoitia
Becerra, Notary Public number 109 for the Federal District whose first deed was
recorded on August 31, 1999 under folio number 238,749 of the Public Registry of
Property and Commerce, to execute the present document and his authority has
not been modified or revoked in any way.

 

1

 

By virtue of the foregoing and based on
Articles 36 paragraphs I, V, XII, XXIII, XXIV and XXVII of the Organic Law of
the Federal Public Administration; 16, 20 to 26 and 41 of the General Law of
National Assets, 6, paragraphs I, III and VIII, 10, 14, 15, 20, 21, 25 and
other related Articles of the Airport Law, as well as articles 1, 3, 5, 14, 15,
20, 22, 23, 24 to 37, 39, 50, 52 to 58, 65 to 67, 69, 71, 73, 75 to 77, 80 to
90, 117 to 120, 122 to 125, 127 to 129, 131 to 147, 149 to 152, 154, 155, 157,
160, 161, 173, 175, 177 to 181, 183, 184 of the Regulations to the Airport Law,
and 5, paragraphs XI and XVIII of the Internal Regulations of the Ministry of
Communications and Transportation, this Ministry amends the concession granted
on June 29, 1998 to Aeropuerto de Monterrey, S.A. de C.V., under the following

 

CONDITIONS

 

FIRST. The conditions and exhibits to the
Concession granted by the Ministry to the Concession Holder on June 29, 1998,
referred to in Recital I hereof, are fully amended and restated as follows:

 

CHAPTER I

 

DEFINITIONS

 

1.
Definitions.  For the purposes of this Concession, the
following terms shall be defined as follows:

 

	
  Airport:

  	
   

  	
  The civil aerodrome
  referred to in Condition 2.1.1 hereof.

  
	
   

  	
   

  	
   

  
	
  Aeropuertos y Servicios
  Auxiliares:

  	
   

  	
  The decentralized public
  entity of the federal public administration created by decree published in
  the Official Gazette of the Federation on June 12, 1965, and that thereunder,
  it has as its purpose, the operation, administration and utilization of
  several airports located in the territory of the Mexican Republic.

  
	
   

  	
   

  	
   

  
	
  Concession Assets:

  	
   

  	
  The real estate described
  in Condition 2.1.2 hereof.

  
	
   

  	
   

  	
   

  
	
  Concession:

  	
   

  	
  The concession granted in
  favor of the Concession Holder under the terms hereof.

  
	
   

  	
   

  	
   

  
	
  Concession Holder:

  	
   

  	
  Aeropuerto de Monterrey,
  S.A. de C.V., a company incorporated under Mexican law, holder of the rights
  included in this Concession, which at the time of granting of this
  Concession, is a company of majority state participation.

  
	
   

  	
   

  	
   

  
	
  Airport Infrastructure:

  	
   

  	
  The polygonal area of the
  Airport described in Exhibit 1
  hereto, which includes the concession assets and the Air Protection Area.

  
	
   

  	
   

  	
   

  
	
  Law:

  	
   

  	
  The Airport Law.

  
	
   

  	
   

  	
   

  
	
  Ministry:

  	
   

  	
  The Ministry of
  Communications and Transportation.

  
	
   

  	
   

  	
   

  
	
  Services:

  	
   

  	
  Has the meaning set forth
  in Condition 2.4 of this Concession.

  
	
   

  	
   

  	
   

  
	
  Air Protection Area:

  	
   

  	
  The area identified as
  such in Exhibit 1 to this
  Concession.

  

 

2

 

CHAPTER II

 

PURPOSE, EXTENT AND REAL ESTATE REGIME

 

2.1.                            Purpose
of the Concession. The purpose of
this Concession is to grant to the Concession Holder:

 

2.1.1.  A concession to manage, operate and utilize the Airport and, as the
case may be, carry out constructions in the civil aerodrome for public
services, located at Carretera Miguel Alemán, Municipio de Apodaca, Nuevo León,
C.P. 66600, Mexico, in order to render the Services in the Airport and whose
polygonal, air protection area and distribution plan areas are described in Exhibit 1 hereto.

 

This concession does not
grant an exclusivity right to the Concession Holder with respect to the Air
Protection Area.

 

2.1.2.  A concession to use, exploit and benefit from the public domain assets,
including constructions, described in Exhibit
1 hereto and which are included within the polygonal. The real
estate and installations destined for the rendering of Services related to fuel
supply described in Exhibit 1 are
not included in this Concession.

 

Should the Concession Holder
lose the right to use the assets of the public domain rendered under the
concession for reasons beyond its control, the Federal Government, with a
petition from the Concession Holder, shall follow the necessary procedures to
restore the Concession Holder’s rights.

 

2.2.                            Classification
and Category. The Airport is classified as an
international aerodrome of public services, terrestrial of category (OACI) 4E,
(CREI) VII and (IFR) PA1.

 

The Ministry may amend the
classification and category, after first hearing the Concession Holder, when
the Airport no longer has the installations and services necessary, hereunder
or when circumstances arise which merit said amendment and, consequently, it
shall inform the Concession Holder as to the conditions to which the rendering
of services in the Airport will be subject, in terms of its new classification.

 

2.3.                            Real
Estate Regime. The Concession Holder, in complying with the
object of the Concession, may execute the following acts with respect to such
Concession Assets:

 

2.3.1. Grant the use of lease surfaces included in
the Airport Infrastructure and grant rights of use or rights of passage thereon
in order to render, by itself or through third parties, the Airport and
Complementary Services to the users that may require it; and

 

2.3.2. Grant in lease or grant the use or rights of
passage to third parties of certain areas of the Airport Infrastructure, subject
to the provisions of Article 60 of the Law, in order for said third parties to
render the Commercial Services in the Airport.

 

2.4.                            Services. This Concession includes the rendering of the Airport, Complementary
and Commercial Services in the Airport, either directly by the Concession
Holder or through third parties, except for fuel-related services referred to
in paragraph 2.4.2 below. The Concession 

 

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Holder is responsible to the
Ministry to ensure that services are rendered in accordance with the applicable
law.

 

The Concession Holder will
be responsible for the Airport having the Airport and Complementary Services it
may require in terms of its classification and category.

 

2.4.1.  Complementary Services. For the rendering of the Complementary
Services, the Concession Holder shall observe the provision of Articles 57 and
58 of the Law.

 

The
Concession Holder may render the Complementary Services directly, insofar that
it renders them in an equal and non-discriminatory manner before the air
carriers that render them or the third parties appointed by them.  The Concession Holder will be obliged to
identify and register, in an independent manner, the operations, costs and
income related to the Complementary Services it renders.

 

In
all events, the Concession Holder shall carry out the necessary acts in order
to have competitive options for the rendering of each of the Complementary
Services.

 

The
Concession Holder may only limit the number of Complementary Services providers
for reasons of space availability, operating efficiency and safety, after
hearing the opinion of the Operating and Schedules Committee of the Airport and
with previous confirmation of the Ministry.

 

Assuming
the Concession Holder limits the number of Complementary Services providers in
accordance with the terms of the preceding paragraph, the necessary agreements
permitting that the concessionaires and permit holders of regular air
transportation service or other third parties rendering the Complementary
Services required in the Airport, will be granted by a bidding process, in
favor of those persons offering the best conditions for efficient and safe
operation of the Airport, as well as the best quality and price for the users.  The Concession Holder, with the participation
and favorable opinion of the concessionaires and permit holders of the air
transportation service, users of the mentioned service in the Airport, shall
establish the criteria, general rules and procedures of the bidding processes
and shall carry out such procedures.

 

If
the Concession Holder contravenes the provisions of this paragraph, the
Ministry may order it to cease rendering such Complementary Services.

 

2.4.2.                Fuel-Related Services. Aeropuertos y Servicios Auxiliares shall
render at the Airport, under the applicable laws, services consisting of the
storage, distribution, supply and provision of fuel to the concessionaires or
permit holders of the air transportation services that make use of the Airport.  Consequently neither the Concession Holder
nor any third party may render fuel storage, distribution fuelling or fuel
suction services, until the Ministry determines otherwise.  The foregoing is said with the understanding that
when it is intended that such services are to be rendered by private entities,
the Ministry will conduct a bidding process for the rendering thereof.

 

Aeropuertos y Servicios
Auxiliares shall adapt its programs according to the growth of the Airport and
shall be liable for any damages it may cause by the rendering of the fuel
service. Aeropuertos y Servicios Auxiliares shall execute with the Concession
Holder an agreement where the necessary terms and conditions are established so
that such services are to be rendered in an

 

4

 

efficient and safe manner,
including the corresponding compensation for the Concession Holder that will
amount to 1% of the charge for the Fuelling Service and Fuel Suction and manner
of payment to the Concession Holder for access and use of its installations in
rendering fuel supply service at the Airport. 
All controversies arising from the rendering of fuel-related services
shall be resolved by the Ministry.

 

2.4.3. Commercial Services. Commercial Services may be rendered directly
by the Concession Holder or by third parties that with the Concession Holder
execute area lease agreements in terms of Article 48, Section III of the
Law.  In no event shall the rendering of
Commercial Services constitute an obstacle for the rendering of Airport and
Complementary Services; nor shall it endanger the Airport’s safety or an
aircraft’s operation.  In the event this
may occur, the Ministry will order the necessary adaptations.  The areas destined for the rendering of
Commercial Services shall be described in the Master Development Program and
for their amendment, previous authorization from the Ministry shall be
required.

 

2.4.4. Joint and Several Liability. Third parties rendering Airport and
Complementary Services in the Airport shall be jointly and severally liable
with the Concession Holder before the Federal Government in terms of Article 52
of the Law.  In any agreement executed
with such third parties, as an integral part thereof, this Concession and
amendments thereto, without the exhibits, shall be included.

 

CHAPTER III

 

APPLICABLE LAW

 

3.1.                            Applicable
Law. The administration, operation,
utilization and, as the case may be, construction that may be performed at the
Airport, as well as the rendering of Services, subject matter of this
Concession, shall be subject, in a systematic but not limited way, to the
provisions of the Political Constitution of the United Mexican States, the
Airport Law, the executed and future international treaties that may be
executed by the President of the Republic, with the approval of the Senate and
the inter-institutional agreements; the Federal Civil Code, the Federal Code of
Civil Procedure, and the Code of Commerce; the Law of General Means of
Communication, the Civil Aviation Law, the General Law of National Assets, the
Federal Law of the Administrative Procedure, the Federal Law on Metrology and
Standardization, the Federal Antitrust Law, the General Law of Environmental
Equilibrium and Protection of the Environment, and their regulations; and to
other applicable technical and administrative provisions issued by the
Ministry; to the provisions of this Concession and the exhibits thereto, as
well as to the Mexican Official Norms which are applicable by nature to this
Concession, and to the provisions on mitigation of the environmental impact
issued by the competent authorities; and to the legal provisions which may be
applicable to it due to their nature and purpose. The Concession Holder is
obligated to observe these and to comply with them.

 

The Concession Holder
accepts that if the legal and administrative provisions referred to in the
above paragraph are repealed, amended or added to, it shall be subject, at all
times, to the new legislation and to the new applicable legal and
administrative provisions as may be issued as from the date of effectiveness
thereof.

 

5

 

3.2.                            Real
Estate Rights. This concession does
not grant in favor of the Concession Holder real estate rights over the
Concession Assets in accordance with the provisions of Articles 16 and 20 of
the General Law of National Assets.

 

CHAPTER IV

 

LIMITS, TERM AND INITIATION OF OPERATIONS

 

4.1.                            Limits
to the Rights of the Concession.  The Concession Holder may not use, take
advantage of or utilize the Concession Assets for different purposes other than
those mentioned in Condition 2.1 above, unless it has the express authorization
of the Ministry.

 

In the same manner, in
accordance with the applicable provisions, the Ministry may grant concessions
or permits to third parties to carry out the operation, management and
utilization and, if applicable, the construction of civil aerodromes at any
time and in any place.

 

4.2.                            Term. The rights granted by this Concession became
effective on November 1, 1998 and shall be in effect for a period of fifty (50)
years beginning from the above date, with the understanding that such term may
be extended in accordance with Article 15 of the Law.

 

4.3.                            Start of Operations.  The Concession Holder shall
start operations at the Airport, at the latest, by November 1, 1998, and shall
give notice of such to the Ministry no later than three (3) days after the
start of operations.

 

4.4.                            Existing
Agreements.  Aeropuertos y Servicios Auxiliares has assigned to the Concession
Holder the rights and obligations derived from the agreements of service
provisions and of the lease of space located within the Airport, as they appear
in Exhibit 2 of this Concession.

 

In accordance with the
foregoing provisions, the Concession Holder shall continue to honor the
obligations of the Aeropuertos y Servicios Auxiliares specified in the
aforementioned service provisions and lease agreements, and as such it has
notified the lessee of the aforementioned assignment, as well as the terms and
conditions of this Concession and in particular its obligation in accordance
with Article 52 of the Law.

 

The Concession Holder is
obliged to maintain and leave Aeropuertos y Servicios Auxiliares free from any
complaints that the aforementioned providers of services or lessees may have as
a result of violations to such terms and conditions, starting from the date
that the foregoing assignment becomes effective.

 

The Concession Holder shall
notify the Ministry in cases where it believes that third parties do not
satisfy the requirements established by the Law to continue providing Services
in the Airport.

 

CHAPTER
V

 

RENDERING
OF SERVICES

 

5.1.                            Equality
in the rendering of Services. The
Concession Holder shall be responsible for the services mentioned in this Concession
to be rendered to the users who request them. 
The above

 

6

 

mentioned services are to be
rendered in a permanent and uniform manner and in an equal and non-discriminatory
manner as to opportunity, quality and price.

 

5.2.                            Efficiency and Safety Standards. The Services shall comply with the safety,
efficiency and quality standards specified in Exhibit
3. The standards shall be updated and amended by the Ministry every
five (5) years in conjunction with the Master Development Program referred to
in Condition 6.1. below.

 

5.3.                            Relationship
with Authorities. The Concession
Holder shall allow, at no charge, access to and use of the areas located within
the Concession Assets identified in Exhibit 1
to the federal authorities mentioned in Plan 1 of Exhibit 1 so that they may perform their functions within the
Airport.

 

In case the federal
authorities require additional areas other than those identified in that
Exhibit to attend to passenger’s demands, the Ministry, after previously
seeking the opinion of the Concession Holder, shall determine the additional
areas that shall be provided, without charge, and which shall be incorporated
to form part of the Exhibit. Any other additional area that may be requested by
the authorities shall be agreed upon with the Concession Holder at the current
fair market price.

 

The conservation and
maintenance of the Airport’s areas used by the federal authorities shall be the
latter’s responsibility. The federal authorities shall be obliged to pay the
maintenance and normal use costs of the installations they use, such as water,
electricity, telephone, among others, which originate directly from the use of
such installations.

 

5.4.                            Services
to the Air Navigation. The
Concession Holder is obligated to use the air navigation services necessary
under applicable law.

 

The Concession Holder shall
grant to the entity or organization in charge of rendering the above mentioned
services in accordance with Article 9 of the Law, access and use without charge
to the areas necessary for the rendering of its services, as well as to carry
out exterior conservation and maintenance. Currently, the decentralized entity Servicios a la Navegación en el Espacio Aéreo
Mexicano (Services to Navigation in Mexican Air Space) renders the
mentioned services in the areas identified in the distribution plan included in
Exhibit 1 hereto, which shall be
extended or amended in accordance with the service requirements.

 

The aforementioned entity is
owner of the equipment and systems used in the rendering of services relating
to and located in the areas identified in Exhibit
1.  Said entity is responsible
for the interior conservation and maintenance of the installations it uses as
well as for said equipment.

 

The Concession Holder may
contract with third parties such aerial navigation services, which are not
reserved by the State in accordance with the applicable Law.

 

7

 

CHAPTER
VI

 

MASTER
DEVELOPMENT PROGRAM, MODERNIZATION AND MAINTENANCE

 

6.1.                            Master Development Program.  The
Concession Holder, exercising the rights granted hereunder, shall be subject to
the Master Development Program, which shall be revised every five (5) years and
approved by the Ministry.  The initial
Master Development Program shall be elaborated and presented by the Concession
Holder to the Ministry no later than April 1, 2001, and once approved, it will
be included as Exhibit 4 to the
present concession and will be part of the Concession.

 

The Master Development
Program shall contain the minimum investment requirements indicated in Exhibit 7.

 

Any request to amend the
Master Development Program presented by the Concession Holder to the Ministry
shall be justified with projections of passenger demand, freight and operations
and with such factors considered in its preparation, so long as such amendment
does not limit the growth and development expectations of the Airport.

 

In the event that the
Concession Holder does not prepare and present the Master Development Program,
at the latest, on April 1, 2001, the provisions of the Law and what has been
set forth in Exhibit 4 shall
apply.

 

6.2.                            Infrastructure. The Airport shall have the necessary
infrastructure, installations, equipment and signals that comply with the
technical and operational minimum requirements to guarantee the safe and
efficient operation thereof and of the aircraft, in accordance with the
category that it maintains.

 

6.3.                            Works. All major construction, reconstruction or
expansion of the Airport shall be consistent with the Master Development
Program and shall be performed in accordance with a plan of execution
previously approved by the Ministry.  If
the works are not made according to the plan of execution, the Ministry may
order their modification or demolition at the Concession Holder’s expense,
notwithstanding the sanctions that might be imposed in accordance to the
applicable legislation. In the performance of works other than those provided
for under the Master Development Program, the Concession Holder shall observe
Article 40 of the Law.

 

6.4.                            Conservation
and Maintenance. The Concession
Holder shall preserve and maintain safety, efficiency and quality levels at the
Airport as required under the applicable law, as a result of which it shall be
responsible for the performance of necessary conservation and maintenance.

 

In the carrying out of the
conservation and maintenance works, the Concession Holder shall guarantee
continuity in the rendering of the services, through the provisional assignment
of alternative areas and installations to be used in place of those affected.

 

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CHAPTER VII

 

OPERATION AND SAFETY

 

7.1.                            Operation. The operation of the Airport shall be
subject to the operation rules authorized by the Ministry.

 

7.2.                            Airport Administrator. The Concession Holder shall notify the
Ministry, within the five (5) days following the date this Concession goes into
effect, the appointment of the Airport Administrator who shall have the necessary
authority to carry out his functions as established by the Law.

 

7.3.                            Operation
and Schedules Committee. In terms
of Articles 61 and 62 of the Law, the Airport shall have an Operation and
Schedules Committee.

 

7.4.                            Consulting
Commission. According to Article 44
of the Law, the Concession Holder shall create a Consulting Commission that
shall have the purpose of supporting the Airport’s promotion and issuing
recommendations within its authority.

 

7.5.                            Safety. The internal surveillance of the Airport shall be the responsibility
of the Concession Holder and shall be carried out in accordance of applicable
law.

 

The Airport shall have a
Local Safety Committee, and a Local Safety Program that includes respective
measures and programs in accordance with the applicable law.  Such Program shall be issued by the mentioned
Committee.

 

7.6.                            Modalities. The Concession Holders shall observe the
modalities imposed by the Ministry in the Airport’s operation and the rendering
of the services to address the necessities arising from acts of God or force majeure.

 

CHAPTER VIII

 

TARIFF REGULATION

 

8.1.                            Tariffs. The Concession Holder will apply the
corresponding tariffs for the rendering of the Services in accordance with the
terms established by the Law and this Concession.

 

Considering that the Federal
Antitrust Commission has issued an opinion stating that there are no reasonable
conditions for competition for the rendering of the Airport Services and for
the leases and consideration relating to the agreements that the Concession
Holder executes with the providers of complementary services in the Airport,
the Ministry, in accordance with the terms of Articles 67 and 70 of the Law,
shall establish Tariff Regulation Rules for such concepts, as attached hereto
in Exhibit 7.

 

9

 

Additionally, the Ministry
may establish within the tariffs established according to said Rules, specific
tariffs or prices with respect to all or some Airport Services and for the
above mentioned leases and considerations, when there are no reasonable
competition conditions.

 

The Ministry may establish
tariff price regulation on Complementary Services prices according to Articles
68 and 70 of the Law.

 

All the tariffs and prices,
as well as their application rules for Airport Services and the above mentioned
leases and compensations, as well as for Complementary Services, shall be
presented in terms of the applicable provisions to be registered with the
Ministry prior to their entering into effect.

 

The tariffs shall be applied
in a non-discriminatory manner, and shall be the same for all users under the
same conditions.  Only the registered
tariffs may be applied, which shall be made known to the users.

 

The Federal Government does
not grant any guarantee to the Concession Holder with respect to Airport
revenues due to the granting of this Concession and the establishment of the
Tariff Regulation Rules referred to in Exhibit
7 or those that may be established hereinafter.  The Concession Holder through the acceptance
of this Concession undertakes all the risks inherent in the operation and the
economic responsibility for the rendering of the Services.

 

CHAPTER IX

 

COMPENSATION

 

9.1.                            Compensation
to the Federal Government. The
Concession Holder will pay to the Federal Government a compensation
corresponding to the amount that, by this concept, is indicated in the economic
proposal submitted by the winner of the public tender of the shares of Grupo
Aeroportuario del Centro-Norte, S.A. de C.V., major shareholder of the
Concession Holder.  The Ministry shall
give notice to the Concession Holder of the terms according to which the
compensation shall be paid.

 

9.2.                            Duties. From the granting of the present Concession,
the Concession Holder will pay to the Federal Government the rights for the
use, utilization and enjoyment of the Concession Assets established in the
Federal Law of Duties, in the terms and with the frequency indicated in such
Federal Law of Duties.

 

CHAPTER
X

 

GENERAL
PROVISIONS

 

10.1.                     Environmental Protection.  The
Concession Holders shall comply with the legal, regulatory and administrative
provisions, as well as with the applicable international treaties in matters of
ecological equilibrium and environmental protection.

 

The Concession Holder shall be
held liable for ecological and environmental damages caused at the Airport,
particularly those relating to noise and effective control of air, water and
soil

 

10

 

pollution at the Airport and
in the Airport Infrastructure for acts and operations carried out from the
conclusion of the delivery-receipt of the Concession Assets, and which arise
from its acts and commissions, in accordance with the applicable laws and
provisions in this matter, as well as in the terms of Exhibit 5, which establishes the liability
of the Concession Holder in environmental matters.

 

10.2.                     Verification. The Ministry shall verify the compliance of
the provisions of the Law, its Regulations and other applicable provisions, for
which purpose, the Concession Holder will permit the Ministry’s personnel
access to its facilities.

 

10.3.                     Joint and Several Obligation. Due to the fact that the Concession Holder
forms part of a group comprised of the companies referred to in the recitals of
this Concession, in whose favor a concession was granted for the
administration, operation, utilization and, as the case may be, construction of
the airports assigned thereto, the Concession Holder and Grupo Aeroportuario
del Centro-Norte, S.A. de C.V. shall jointly and severally respond against the
Ministry with respect to the obligations contained in each of the concessions
granted in favor of such companies. In case of breach by any Concession Holder
of its obligations under its respective concessions resulting in the revocation
thereof, the Ministry shall proceed to revoke this Concession.

 

10.4.                     Accounting and Statistical
Information. The Concession Holder
assumes the obligation of maintaining authorized systems, statistical records
of the airport’s operations and movements, including volumes, maneuvers,
frequency of services, efficiency and productivity indicators in general, and
to inform the Ministry thereon in the terms and formats determined by the
latter.

 

The Ministry may, at any
moment, request form the Concession Holder the legal accounting, financial or
any other information which it deems convenient related to the Airport
activities, as well as to carry out polls directly with the Airport’s users
with respect to the rendering of services therein. The Concession Holder shall
publish in a newspaper of major circulation in México, its annual financial
statements audited by an external auditor, within the first 4 (four) months
after the end of each fiscal year.

 

10.5                      Nationality. The Concession Holder will not have any
rights other than those ceded under Mexican laws.  Therefore, in the case that foreign investors
participate in the capital stock of the Concession Holder, they hereby
expressly promise not to invoke the protection of any foreign government, under
the penalty of losing the rights hereof granted on behalf of the Mexican Nation
in case of breach of this undertaking.

 

10.6.                     Responsibilities. The Concession Holder shall be directly
liable before the Ministry for the compliance of the obligations hereunder,
including those arising from the executions of agreements with third parties,
as well as for the damages that as a consequence of the administration,
operation, utilization and, as the case may be, construction, is caused to the
Concession Assets and to third parties users of the Airport.

 

10.7.                     Insurance. The Concession Holder and service providers
shall be responsible for the damages resulting from events for which they are
responsible, and they should obtain insurance policies that cover the
corresponding damages. Likewise, they shall have insurance covering damages to
the Airport Infrastructure arising from natural disasters. The insurance
contracts and their renewals should be registered before the Ministry and be
effective during the term of this Concession.

 

11

 

10.8.                     Modification of Conditions. The conditions established in this
Concession may be revised and modified through agreement between the Ministry
and the Concession Holder according to the Law and other applicable provisions.

 

10.9.                     Termination. The present Concession will terminate as a
result of any of the causes indicated in Article 26 of the Law.  In addition to the grounds for termination
provided for in the Law, grounds for termination of this Concession will be the
breach of any of the obligations established in Conditions 9.1 and 10.11.

 

10.10.              Assignment of Rights under the
Concession. The Concession Holder
may not assign the rights and obligations under this Concession, except in the
cases when complying with the requirements provided for in Article 33 of the
Law.

 

10.11.              Shareholding. The Concession Holder states in terms of Exhibit 6 hereto that Grupo Aeroportuario del Centro-Norte,
S.A. de C.V. is its major shareholder maintaining more than fifty one percent
(51%) of the shares representing its capital stock.  Grupo Aeroportuario del Centro-Norte, S.A. de
C.V. assumes the obligation to maintain at least fifty one percent (51%) of the
Concession Holder’s capital voting stock during the term of this Concession,
provided that the failure to comply with this obligation shall be a cause of
termination of the Concession.

 

Likewise, neither the
Concession Holder, nor Grupo Aeroportuario del Centro-Norte, S.A. de C.V.
either directly or through subsidiaries may acquire more than one concession
for the operation of airports within the country’s borders.  Notwithstanding the foregoing, any
acquisition of an additional concession for the operation of airport or a
shareholder’s participation in excess of 30% (thirty percent) of a concession
holder’s capital stock by the Concession Holder or Grupo Aeroportuario del
Centro-Norte, S.A. de C.V. shall require the previous authorization from the
Federal Antitrust Commission.

 

10.12.              Liens. Neither the Concession Holder nor its shareholders may guarantee any
obligation with the shares representing the capital stock of the Concession
Holder or the rights arising hereunder, without prior authorization from the
Ministry.

 

In the cases where liens and
encumbrances are authorized, it shall be established in any such agreements
that establishes such lien, that the execution thereof in no instance shall
grant the character of Concession Holder to the creditor or the third party
receiving the guarantee.  In order for
the Concession to be awarded to the Creditor or a third party, the
authorization from the Ministry will be required prior to the corresponding
assignment of rights.

 

The Concession Holder in
guaranteeing liens or encumbrances payment may undertake in the corresponding
agreement to assign the rights and obligations contained hereunder to the
creditor or third party being awarded, contingent to obtaining the previous
authorization from the Ministry according to the preceding paragraph.

 

10.13.              Reversion.  When this Concession
terminates, for whatever reason, all the Concession Assets will revert to the
Mexican Nation in good operative condition, without any cost to the Federal
Government and free from any lien.  The
Concession Holder shall indemnify the Federal Government for damages that the
Concession Assets may have suffered as a consequence of inadequate or deficient
use, or as a consequence of inappropriate maintenance, provided that the
foregoing is not a consequence of normal wear and tear in the use of the
Concession Assets.

 

12

 

In addition, the Federal
Government shall have a preemptive right to acquire the assets, personal
property or real estate, works, installations and improvements, different from
the Concession Assets or the assets attached thereto, destined to the rendering
of the Services, at a price to be determined in accordance with the valuation
carried out by an institution appointed at the Ministry or, at the Federal
Government’s election, it may opt to lease such assets.  This right that the Federal Government has to
lease the assets shall operate independently of the destination that the
Concession Holder desires for such assets.

 

If the case may be, the
lease agreement shall be in effect for at least one (1) year and renewable
automatically for equal periods until five (5) years. The amount of the rent
shall be determined by experts, one of them appointed by the Concession Holder
and the other appointed by the Federal Government and in case of disagreement,
a third shall be appointed by both experts. 
In case the Concession Holder does not appoint an expert, or does not
issue this opinion, it shall be understood that the Concession Holder waives
its right to appoint an expert and unconditionally accepts the opinion issued
by the expert appointed by the Federal Government.

 

10.14.              Sanctions. In case of a breach of the provisions of the Law by the Concession
Holder, the Ministry may impose on the Concession Holder the sanctions established
according to the terms of Article 81 of the Law, and in any other applicable
law, notwithstanding the possibility of revoking this Concession and of other
sanctions that, within the scope of their authority, may be imposed by other
authorities.

 

10.15.              Permits and Procedures. The Concession Holder shall have a period of
six (6) months from the time this amendment enters into effect, to obtain all
the registrations, permits and authorizations which may be required for the
operation and performance of the activities provided for hereunder.

 

To the extent that the
Concession Holder does not submit to the Ministry for the corresponding
procedure, the operation rules, the tariffs, the local safety program, the
resolutions of the operations and schedule committees, and the local safety
committee, the Concession Holder shall operate and render the Services in
accordance with the rules, manuals, programs, committees and any other
regulation of Aeropuertos y Servicios Auxiliares under which the Airport has been
operating, such as the operation manual, the contingency and emergency
programs, the safety measures and the current tariffs.

 

The Concession Holder shall
have the support of the Ministry and of Aeropuertos y Servicios Auxiliares for
obtaining permits, registries and authorizations mentioned in the foregoing
paragraph, with the understanding that by obtaining them, it shall comply with
the requirements established in the applicable provisions thereto.

 

10.16.              Various Documentation. The Ministry shall deliver to the Concession
Holder a copy of manuals, guidelines, instructions, referenced terms, training
formats, and other related documentation mentioned by Aeropuertos y Servicios
Auxiliares which are necessary in the continuation of airport operations regarding
this Concession.

 

10.17.              Competent Courts. For any issue related to the interpretation
and compliance with this concession, except for the Ministry’s administrative
issues, the Concession Holder agrees to submit them to the jurisdiction of the
competent federal courts of the Federal District; in consequence, it waives any
jurisdiction exception, which might correspond to it by reason of its current
or future domicile.

 

13

 

10.18.              Registration. The Concession Holder must register, at its expense, this Concession
with the Mexican Aeronautical Registry according to the corresponding
regulations, within the thirty (30) days following the granting of this
Concession.

 

10.19                 Notices. The Concession Holder undertakes to notify the Ministry in writing of
any change to its domicile during the effectiveness of this Concession, with
the understanding that in the case of omission, the notices will be effective
when delivering to its domicile indicated in the recitals of this Concession.

 

10.20.              Publication. The Concession Holder shall send, at its expense, to the Official
Gazette of the Federation an abstract of this Concession or any amendment
thereto, at the latest, on October 1, 2001, as authorized by the Ministry within
a term no longer than sixty (60) days beginning the effective date hereof.

 

10.21.              Exhibits. The exhibits referred to herein from an integral part hereof.

 

Except for the polygonal
within which the Concession Assets are located described in Exhibit 1 hereto,
Exhibits 1 to 5 and 7 may be amended by the Ministry pursuant to the applicable
legal and administrative regulations, without being deemed as an amendment to
this Concession.

 

SECOND. The execution of the Concession Title, to
which this amendment refers, by the Concession Holder implies the unconditional
acceptance of its terms and conditions as of the date of its grant.

 

THIRD. This amendment to the Concession referred to
in Recital I does not constitute a renewal of the rights and obligations thereunder,
nor a renewal of its term.

 

This
amendment is granted and shall enter into effect on September 12, 2000.

 

 

THE MINISTRY OF COMMUNICATIONS AND TRANSPORT

 

 

	
   

  	
  /s/ Carlos Ruíz Sacristán

  	
   

  
	
  CARLOS RUÍZ SACRISTÁN

  
	
   

  
	
   

  
	
   

  	
  THE CONCESSION HOLDER

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  We unconditionally accept
  the terms contained 

  in the amendments to this Concession. 

  Aeropuerto de Monterrey, S.A. de C.V.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /S/ Louis Priede Weston

  	
   

  
	
   

  	
  By:  Louis Priede Weston

  
	
   

  	
  Title: Legal
  Representative

  
					

 

14

 

SUMMARY OF EXHIBITS

 

	
  EXHIBIT

  NUMBER

  	
   

  	
  CONTENT

  
	
   

  
	
   

  	
   

  	
   

  
	
  1

  	
   

  	
  Description of the
  Airport’s polygonal, Air Protection Zone (Airport Infrastructure), and
  Airport’s Areas Distribution Plan, Plans of Airport’s Distribution:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  (i)                                     Plan 1. Distribution of areas occupied by
  the governmental authorities and agencies;

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  (ii)                                  Plan 2. Distribution of areas occupied by
  the governmental authorities and agencies; and public domain real estate
  granted to Aeropuertos y Servicios Auxiliares for the distribution of fuel;
  and

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  (iii)                               Plan 3. Description of the Airport’s
  polygonal and Protection Zone (Airport’s Infrastructure) and Concession
  Assets.

  
	
   

  	
   

  	
   

  
	
  2

  	
   

  	
  Agreements assigned to the
  Concession Holder.

  
	
   

  	
   

  	
   

  
	
  3

  	
   

  	
  Efficiency and quality
  standards.

  
	
   

  	
   

  	
   

  
	
  4

  	
   

  	
  Master Development
  Program.

  
	
   

  	
   

  	
   

  
	
  5

  	
   

  	
  Liability in environmental
  protection matters.

  
	
   

  	
   

  	
   

  
	
  6

  	
   

  	
  Written statement of the
  majority shareholder of the Concession Holder.

  
	
   

  	
   

  	
   

  
	
  7

  	
   

  	
  Tariff Regulation Rules.

  

 

 

Exhibit One
to the Concession Title granted by the Federal Government, through the Ministry
of Communications and Transport, in favor of Aeropuerto de Monterrey, S.A. de
C.V.

 

Description of the Airport’s polygonal, Air
Protection Zone (Airport Infrastructure), and Airport’s Areas Distribution
Plan, Plans of Airport’s Distribution:

 

(i)                                     Plan 1. Distribution of areas occupied by the
governmental authorities and agencies;

 

(ii)                                  Plan 2. Distribution of areas occupied by the
governmental authorities and agencies; and public domain real estate granted to
Aeropuertos y Servicios Auxiliares for the distribution of fuel; and

 

(iii)                               Plan 3. Description of the Airport’s
polygonal and Protection Zone (Airport’s Infrastructure) and Concession Assets.

 

 

Exhibit Two
to the Concession Title granted by the Federal Government, through the Ministry
of Communications and Transport, in favor of Aeropuerto de Monterrey, S.A. de
C.V.

 

 

Exhibit
Three to the Concession Title granted by the Federal Government, through the
Ministry of Communications and Transport, in favor of Aeropuerto de Monterrey,
S.A. de C.V.

 

STANDARDS USED IN THE
CALCULATION OF THE INVESTMENTS IN AEROPUERTO DE MONTERREY

 

Terminal

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
  Baggage Carousel

  	
   

  	
  •                  216 pieces of luggage/carousel/during peak
  hours

  •      1 piece of luggage per domestic
  passenger 

  •     1.4 pieces of luggage per international passenger 

  •      80m/band

  
	
   

  	
   

  	
   

  
	
  X-rays

  	
   

  	
  •                  500 php/machine

  
	
   

  	
   

  	
   

  
	
  Escalators

  	
   

  	
  •                  600 php/step

  
	
   

  	
   

  	
   

  
	
  Elevators

  	
   

  	
  •                  1,000 php/elevator

  
	
   

  	
   

  	
   

  
	
  Ascending and descending
  sidewalks

  	
   

  	
  •                  7.5 m wide 

  •      0.39
  m/php

  
	
   

  	
   

  	
   

  
	
  Lanes in front of the terminal

  	
   

  	
  •                  3 lanes-3m wide

  
	
   

  	
   

  	
   

  
	
  Taxi parking

  	
   

  	
  •                  0.02 taxis/php

  
	
   

  	
   

  	
   

  
	
  Passenger parking

  	
   

  	
  •                  500 parking spaces/million exiting
  passengers

  
	
   

  	
   

  	
   

  
	
  Employee parking

  	
   

  	
  •                  0.13 parking spaces/employee 

  •      30m2/parking
  space

  
	
   

  	
   

  	
   

  
	
  Terminal Service Level

  	
   

  	
  •                  B (14m2 per php)

  

 

 

Air Field

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
  Contact points

  	
   

  	
  •                  75%
  php

  
	
  Passenger Mini-buses

  	
   

  	
  •                  25% php

  •                  60 persons/mini-bus

  
	
  Access Ways

  	
   

  	
  •                  2,400 php/access lane

  •                  Minimum of 2 access ways

  
	
  Water Treatment Plant

  	
   

  	
  •                  15 liters/day/person

  
	
  CREI Building

  	
   

  	
  •                  one per airport

  
	
  Emergency plants

  	
   

  	
  •                  3 per airport

  
	
  Control tower

  	
   

  	
  •                  One per airport

  
	
  CREI

  	
   

  	
  •                  One per airport

  
	
  Sidewalks and Walkways

  	
   

  	
  •                  13.57m/hectare

  
	
  Water tanks

  	
   

  	
  •                  45 liters/person/day 

  •      3
  reserve days

  
	
  Support Vehicles

  	
   

  	
  •                  0.20 vehicles/daily operation

  

 

2

 

Exhibit
Four to the Concession Title granted by the Federal Government, through the
Ministry of Communications and Transport, in favor of Aeropuerto de Monterrey,
S.A. de C.V.

 

Master
Development Program.

 

According to Condition 6.1 of the Concession,
the initial Master Development Program will be presented by the Concession
Holder to the Ministry no later than April 1, 2001 and shall cover the period
between the above-mentioned date and December 31, 2005, so that it may be
consistent with the Tariff Regulation Rules referred to in Exhibit 7 of this
Concession.

 

The preparation of the Master Development
Program must take into obligations the agreements established by the Strategic
Partner in the Indicative Master Development Program which form part of the
Technical Proposal given by the winning participant to the Ministry for the
bidding of the shares of Grupo Aeroportuario del Centro Norte, S.A. de C.V. on
May 17, 2000.

 

 

Exhibit
Five to the Concession Title granted by the Federal Government, through the
Ministry of Communications and Transport, in favor of Aeropuerto de Monterrey,
S.A. de C.V.

 

Liabilities
in environmental protection matters.

 

1.                                      Aeropuertos y Servicios Auxiliares (“ASA”)
and subsequently, the Federal Government shall be held responsible for any
damage caused to the soil, subsoil and water bearings due to ASA’s acts or
omissions prior to November 1, 1998 and not identified in the audit carried out
by the Federal Environmental Protection Bureau to the Airport (the “Audit”).

 

2.                                      Likewise, ASA and subsequently, the Federal
Government, shall be held responsible for any damage and harm, sanctions and
obligations which endanger the environment by soil, subsoil and water bearings
pollution different than those mentioned in the ecological audits, which may
have been caused by ASA’s acts or omissions prior to November 1, 1998.

 

The Concession Holder may,
beginning from the granting of this Concession, carry out at its expense the
audits and tests which it may deem convenient in order to identify who is
responsible in environmental protection matters.

 

3.                                      ASA has all notices, permits, licenses or
similar authorizations, which need to be obtained or filed before any
environmental authority, except for those referred to in the Audit.

 

Consequently, the Concession
Holder, starting at said date, undertakes to carry out, at its expense, the
corrections, modifications and execution of surface and infrastructure works in
the Concession Assets which it operates, provided in the Works and Activities
Programs resulting from the environmental Audits, which include, among others,
(i) the updating or obtaining of licenses, permits, registries, manifests and
concession, (ii)  the maintenance of
binnacles, (iii) the reconstruction of installations including drainage and
underground hydrocarbon tanks, and (iv) pollution prevention’s works and
activities pertaining to noise, as well as water and air, in accordance with
applicable legal provisions matters and the agreements executed by the
Concession Holder with the competent authority for such purposes. The
Concession Holder shall be responsible for the damages arising from its acts or
omissions in case of non compliance with the provision of this paragraph.

 

4.                                      The Concession Holder, within a period of 180
days, beginning from the conclusion of the delivery-receipt diligence mentioned
in this Concession, shall adopt, at least, the prevention measures for the
soil, subsoil and water bearings contamination, which may be suggested in the
environmental audit referred to in paragraph number 2 of this Exhibit. It shall
be presumed that ASA is responsible for the damages caused to the soil, subsoil
and water bearings after the implementation of such prevention measures, unless
proven to the contrary.

 

5.                                       ASA and subsequently, the Federal Government
undertake to maintain the Concession Holder free and harmless, as well as to
indemnify it for the damages, losses, expenses and judicial costs, according to
the provisions of the Civil Procedures Federal Code, sanctions, civil,
administrative and criminal obligations, and to cover any amount which it may
be paid as a consequence of ecological damages attributable to ASA according to
the Concession, provided that the procedure mentioned in paragraphs 5.1. to 5.3
below are fully evidenced, by which the Concession Holder shall:

 

 

5.1                                 Notify ASA and the Ministry in writing within
the five (5) days following its knowledge of civil, administrative or criminal
procedures related to damages or responsibilities arising form the breach of
obligations in environmental matters with respect to soil, subsoil, water
bearings and an adequate proposal for hazardous waste.  The Concession Holder shall attached to the
mentioned notification, the respective claim and the related documents which
may be available.

 

5.2                                 Immediately proceed according to the law, to
present the corresponding defense, either judicially or administratively, and
shall state in the defense that ASA and the Federal Government, represented by
the Ministry, shall be called to that procedure as interested third-parties
without prejudice of having its request accepted because the issued resolutions
may result in a loss for ASA and the Federal Government.

 

5.3                                 Deliver to ASA and to the Federal Government
the information, documentation and other necessary elements which it may have
so that, as the case may be, they may be able to participate in the defense of
the corresponding claims, as third-party, in the respective procedure.

 

6.                                      The Concession Holder undertakes to maintain
ASA or the Federal Government, as the case may be, free and harmless, as well
as to indemnify them for damages, losses, expenses and judicial costs according
to the provisions of the Federal Code of Civil Procedures, direct expenses,
sanctions, civil, administrative and criminal obligations and to cover any sum
which it may have paid as a consequence of damages in ecological matters
beginning November 1, 1998, according to the provisions of this Exhibit
provided that the procedures referred to in paragraphs 5.1. to 5.3. above are
carried out.

 

7.                                      Upon concluding the procedure in which
responsibility is determined for damages to the soil, subsoil or water bearing,
the Concession Holder, ASA and the Ministry, in case of doubt with respect to
the party responsible for such damages subject to reclamation, shall be
subjected to the following criteria in order to determine the responsible
party:

 

7.1                                The Concession Holder and ASA, with the
corresponding information, may agree on the responsibilities and the extent
thereof that correspond to each of them, as the case may be.

 

7.2                                 If the Concession Holder and ASA do not reach
an agreement, determination of the responsibility and the extent thereof shall
be made by an authorized independent advisor authorized by the competent
authorities in environmental matters and hired by agreement between both
parties.  If the parties do not reach an
agreement regarding the appointment of the advisor, any of them may request the
National Ecology Institute to appoint one. 
The costs and expenses arising from his hiring shall be paid in
proportion to the parties responsibility, as determined by the advisor.

 

8.                                      If the Concession Holder does not comply with
the obligations established in paragraphs 5.1 to 5.3 of this Exhibit, and is
obligated to pay any claim, it shall lose its right to request an appeal of
such payment form ASA or subsequently from the Federal Government.

 

2

 

Likewise,
if ASA or the Ministry, as the case may be, do not comply with the obligations
mentioned in paragraph 6 of this Exhibit, it shall lose its rights to request
the payment from the Concession Holder.

 

9.                                      During the final year of this concession, the
Concession Holder shall, at its expense, carry out an environmental audit
surveyed by the competent authority of the workshops and supply centers which
it has operated, as well as of those which it additionally installs.  In case of early termination of the
Concession, the Concession Holder shall carry out within the following six (6)
months, the audit mentioned.  The
Ministry shall be informed of the results thereof within the fifteen (15)
calendar days following the execution of a compliance agreement with the
competent authorities.

 

If
the Concession Holder does not carry out the mentioned audit or the remediation
works that may correspond to it, the Ministry may perform them with the
competent authority, directly or through third parties, at the Concession
Holder’s expense.

 

3

 

Exhibit Six
to the Concession Title granted by the Federal Government, through the Ministry
of Communications and Transport, in favor of Aeropuerto de Monterrey, S.A. de
C.V.

 

México, D.F., September 12, 2000.

 

Carlos Ruiz Sacristán, Esq.

Ministry of Communications
and Transportation

 

In accordance with paragraph
10.11 of the Concession by means of the representative of Grupo Aeroportuario
del Centro Norte, S.A. de C.V., the undersigned states the following:

 

Grupo Aeroportuario del
Centro Norte, S.A. de C.V., maintains more than 51% (fifty one percent) of the
representative shares of the capital stock of Aeropuerto de Monterrey, S.A. de
C.V.

 

Grupo Aeroportuario del
Centro Norte, S.A. de C.V., agrees to maintain at least 51% (fifty one percent)
of the representative shares of the capital stock of Aeropuerto de MONTERREY,
S.A. de C.V., with voting rights during the period this Concession lasts, that
is, fifty (50) years, beginning September 12, 2000, as well as during its
extensions, pursuant to Article 15 of the Airports Law.

 

Likewise, Grupo
Aeroportuario del Centro Norte, S.A. de C.V., directly or through its
subsidiary companies, promises not to acquire more than one concession for the
operation of airports in each of the borders of Mexico. Provided that,
notwithstanding the foregoing, any acquisition of one additional concession for
the operation of airports or the shareholding participation greater than 35%
(thirty percent) of the capital stock of the concession company by Grupo
Aeroportuario del Centro Norte, S.A. de C.V., will require previous
authorization from the Federal Competition Commission.

 

 

GRUPO AEROPORTUARIO DEL CENTRO NORTE, S.A. DE C.V.

 

 

	
   

  	
  /S/ Luis Priede Weston

  	
   

  
	
  Luis
  Priede Weston

  
	
  Legal
  representative of Grupo Aeroportuario del Centro Norte, S.A. de C.V.

  

 

 

Exhibit
Seven to the Concession Title granted by the Federal Government, through the
Ministry of Communications and Transport, in favor of Aeropuerto de Monterrey,
S.A. de C.V.

 

ANTECEDENTS

 

The Ministry of Communications and
Transportation, hereinafter, the Ministry, on June 29, 1998 granted in favor of
Aeropuerto de MONTERREY, S.A. de C.V., hereinafter, the Concession Holder, a
concession, hereinafter the Concession, in order to: (i) administrate, operate
and utilize the airport located in the city of Monterrey, Nuevo León,
hereinafter the Airport, and to carry out constructions in the Airport with the
goal of providing airport, complementary and commercial services in the
Airport; and (ii) use, utilize and make use of the public Assets which in the
Concession are determined according to the General Law of National Assets and
the Airport Law.  This Concession was
modified on September 12, 2000.

 

The Federal Competition Commission, according
to Article 67 of the Airport Law, gave an opinion through the official
communication SE-10-096-2000-917,
file DC-01-2000 stating that there
are no reasonable competition conditions with respect to providing airport
services in the Airport, as well as for leases and compensations related to the
contracts executed by the Concession Holder with the providers of complementary
services whose location within the airport is indispensable for passengers and
aircraft.

 

According to the foregoing and based on Articles
67, 69 and 70 of the Airport Law, this Ministry establishes the following:

 

APPLICABLE TARIFF REGULATION RULES TO THE MONTERREY AIRPORT

 

1.                                       General Aspects

 

1.1.                              This Tariff Rules and its appendices,
hereinafter the Rules, form an integral part of the Concession.  The Concession Holder shall be subject to the
Rules and expressly recognizes that these Rules shall be applicable during the
entire period of effectiveness of the Concession.

 

1.2.                              There is a joint Maximum Tariff established,
expressed by the amount of traffic (hereinafter the Maximum Tariff) applicable
to the amount of services established in Section 2 below (hereinafter the
Regulated Services) that will be provided in the Airport.

 

As a result, the total
revenues earned through providing Regulated Services at the Airport, between
the total Traffic Units in one calendar year, must not exceed the Maximum
Tariff established according to the Rules herein.

 

1.3.                              For the purposes of these Rules:

 

1.3.1.                     All the monetary calculations must be given
in pesos as of December 31 of the last year of the previous Period under a
mechanism similar to those included in Bulletin B-10 of the generally accepted
accounting principles in Mexico, and

 

1.3.2.                     The Traffic Unit used are passengers.

 

 

For purposes of the
foregoing, a Passenger will be counted as a passenger who arrives or departs by
air and one who is in transit or in transfer (hereinafter the “Passenger”).

 

1.4.                              The Ministry, directly or at the request of
the Concession Holder, whenever it carries out the revision referred to in
Section 6 below, may restate the Traffic Unit to unit of cargo-work or
aeronautic operation.  For such purposes,
a cargo-work unit is equivalent to one Passenger to 100 kilograms of cargo that
arrives or leaves the Airport, in transit or transference from the airport and
an aeronautic operation will be counted as the landing or departure of one
aircraft in the Airport.

 

2.                                       Regulated Services

 

2.1.                              The Regulated Services according to the
current Rules are: the providing of airport services and leases and
compensations related to contracts, which the Concession Holder executes with
complementary service providers.

 

2.2.                              The following are explicitly excluded from
the Regulated Services:

 

2.2.1.                     Public parking service, so long as it can not
be determined by the Ministry that there are any other available alternatives,
in which event it would fix a specified Maximum Tariff.

 

2.2.2.                     Leases or contracts with complementary
service providers or users in order to establish administrative offices or
installations, which, according to the Ministry, are not necessary for the
attention of passengers or aircrafts.

 

3.                                      Determination and Amendment
of Specific Tariffs 

 

3.1                                 The Concession Holder shall fix and record
the specific tariffs applicable to each service included within the Regulated
Services according to the applicable legislation, the concession and this
Rules.  Such specific rates may only be
amended every six months and in those cases in which adjustments are made to
the Maximum Rate they must be in agreement with these Rules.

 

3.2                                 The Concession Holder shall determine freely
different levels of rates for schedules, operation volume, packages of
Regulated Services or other conditions of general character, so long as the set
rates are applied to all users that comply with the corresponding conditions.

 

3.3                                 The Concession Holder, when applying specific
rates will be liable, that for each calendar year, the sum of the earned
revenues for the specific services rendered included in the Regulated Services,
divided among the total Traffic Units for the corresponding year, does not
exceed the Maximum Rate.

 

4.                                       Determining the Maximum
Tariff

 

4.1                                 The Maximum Tariff shall be determined in
accordance with these Rules, and will consider an objective yield rate over
realized capital investments and impinges on the rendering of Regulated
Services, in connection with the Projections relative to: (a) Traffic Units (b)
operational cost and expenses (c) capital investments, as described in No. 2
of

 

2

 

Appendix B to these Rules,
and (d) considering the fulfillment of the service standards referred to in the
exhibit of the Concession.

 

The objective yield rate to
the investments will be determined previously by the Ministry.  It is expressly understood that this
efficiency rate constitutes only a parameter for determining the Maximum
Tariff.  In no event can it be understood
that the objective yield rate of the investments constitutes a guarantee or
undertaking of the Ministry or from the Federal Government from which the
Concession Holder will obtain said rate or similar rates in the future.  Likewise, obtaining said rate shall not
constitute a condition for the fulfillment of the obligations of the Concession
Holder in agreement with the Concession.

 

4.2                                 The Maximum Tariff will be determined using
the methodology of discounted cash flow, by which a net present value is solved
and the Maximum Tariff (MT) is obtained from the modified formula of discounted
cash flow that is set forth below:

 

 

Where:

 

NPV                        (Net Present Value): refers to the Referenced
Value of the year n (as defined in Section 8 of this Rules)

 

MT                            (Maximum Tariff): refers to the Maximum
Tariff that is used to limit the maximum airport revenues for services in the
Regulated Services for the Traffic Unit, and that is estimated using the
formula above, for each year (n)

 

TU                               (Traffic Unit): refers to the number of
Traffic Units projected for each year (n)

 

En                                     (Disbursements): refers to the total disbursements
in each year (n) relative to the airport business, obtained by summing up:

 

•                  All of the operative cost and expenses
(without depreciation or amortization) projected for each year (n).  In Appendix A, there is a description of
operational cost and expenses related to the rendering of services included the
Set of Regulated Services.

 

•                  Investments to be made in each corresponding
period (n)

 

r                                            (Discount Rate): refers to the objective
efficiency rate of the investments.

 

n                                         (Year): refers to each of the calendar years
of the 15 considered years (from 1 to 15).

 

TV                                (Terminal Value): refers to the remaining
value at the end of year 15, which will be estimated in agreement with what is
established in the following Section 10 below.

 

All of the foregoing variables
should be expressed in real terms, that is, without including expectation for
inflation.

 

3

 

4.3                                 With the exception of the Maximum Tariff (“MT”),
in the previous formula it would be understood that all the elements beginning
from (a) the previous determination of Reference Value, Discount Rate and the
corresponding Terminal Value, and (b) the projections from the Master
Development Program, all of the calculations and estimates refer only to the
rendering of Regulated Services.

 

As a result, for the effects
of these Rules, the only capital investments they will enter in the ledger are
the ones that are carried out in infrastructure and equipment for the rendering
of Regulated Services.

 

The Maximum Tariff
determined in agreement with the procedure previously described will be
obligatory for the first Period, which covers the first five (5) years, and is
indicative of the two following Periods, this is the remaining ten (10) of the
fifteen years that comprise the Projections, in the understanding that the
Maximum Tariff for both these Periods is considered at similar levels as the
First Period and, in any event, the Ministry will look to reduce abrupt changes
in the Maximum Tariff of the following Periods.

 

4.4                                 The Maximum Tariff determined in agreement
with the procedure previously described will be revised and, as the case may
be, adjusted every five (5) years (hereinafter the Period).  In the beginning of the Period the Maximum
Tariff can only be adjusted and actualized based on the terms and conditions of
these Rules.

 

5.                                       Adjustment and Actualization
of the Maximum Tariff

 

5.1.                              The Maximum Tariff will be adjusted annually
for efficiency and will be corrected regularly for inflation according to the
current Rules.

 

5.2.                              Adjustments for Efficiency.

 

5.2.1.                     The Maximum Tariff will be adjusted
January 1 of each year by means of the corresponding efficiency factor,
with the goal of making the airports users participants of the efficiency
improvements achieved by the Concession Holder.

 

5.2.2.                     The efficiency factor will be applied in
agreement to the following formula:

 

MTt = MTt-1 (1-x)

 

Where:

 

new
Maximum Tariff (MTt):  Refers
to the effective Maximum Tariff reflecting the adjustment for efficiency.

 

original
Maximum Tariff (MTt-1): 
Refers to the effective Maximum Tariff until the moment of making the
adjustment for efficiency.

 

Efficiency Factor (X):  Refers to
a factor lesser than one and is expressed as a decimal which will serve in
order to adjust the Maximum Tariff.

 

4

 

5.2.3.                     The Ministry, when determining the Maximum
Tariff, shall set the efficiency factors for five (5) years from the respective
Period.  The effect shall consider the
prior efficiencies reached by the Concession Holder, the parameters of
efficiency reached by other airport concession holders in Mexico as well as
other international and comparable experiences in the industry.

 

5.3.                              Actualization per Inflation.

 

5.3.1.                     The Maximum Tariff shall be adjusted by the
efficiency factor.  It shall be
automatically actualized in order to reflect accumulated inflation according to
the National Producer Price Index (Índice
Nacional de Precios al Productor or “INPP”), excluding petroleum,
published by the Mexican Central Bank (Banco
de México) every six months or sooner, in case an increase in the
INPP exceeds five percent (5.0%) accumulated, since the last actualization for
inflation.

 

6.                                       Regular Revisions of the
Maximum Tariff

 

6.1.                              The Maximum Tariff will be revised regularly
every five (5) calendar years, within the last six months of the fifth year,
when the Master Development Program of the following Period is filed for
revision.

 

6.2.                              The Ministry will revise and will determine
based on the Projections of the Master Development Program approved for the
following period and these Rules, the new applicable parameters during the
following five (5) years including new traffic projections, Reference Values,
Interest Rate, efficiency factor, minimum quality standards and minimum
investment compromises and, as the case may be, the Traffic Unit, among others.

 

For purposes of the
foregoing, the Master Development Program shall be prepared pursuant to the
procedures indicated in Appendix B of these Rules.

 

6.3.                              At any time, the Ministry may solicit
clarifications and additional information from the Concession Holder, which the
Ministry might estimate convenient, as well as to solicit the opinion of the
airport users.

 

6.4.                              Costs and expenses variations with respect to
those projected in the previous period, in the setting of the Reference Values
and consequently, in determining the Maximum Tariff, when they result from the
cost increases which result in the inclusion of variations in the required
quality standards, provided always that said variations have been approved
within the Master Development Program, in the excluded safety indexes or
through amplifying airport infrastructure, as well as achieved efficiencies or
others that the Ministry authorizes, with respect to those that were effective
when the original projections were prepared.

 

7.                                       Maximum Tariff ‘s
Extraordinary Adjustments

 

7.1.                              In an extraordinary manner, the Ministry may
revise and, as the case may be, adjust the Maximum Tariff without waiting for
the end of the five (5) -year period in the events provided in this section.

 

5

 

7.2.                              At the Concession Holder’s request, if cost
of operation or investment capital are required that are not foreseen in the approved
Master development Program, as a result of:

 

7.2.1.                     Amendments to the applicable legislation with
respect to the quality standards that the Concession Holder must achieve prior
to the following periodic revision;

 

7.2.2.                     Amendment to the applicable legislation which
require establishing new means of security or protection of the environment
that the Concession Holder must comply with immediately; or

 

7.2.3.                     Natural disasters, which result in the
modification of the Master Development Program such that the projections of the
demand like in investments and works to happen. 
To that effect, the indemnification from the respective insurance will
be considered.

 

7.3.                              When the Ministry authorizes the Concession
Holder to decrease the proposed capital investments in the approved Master
Development Program, resulting from a significant decrease in the registered
traffic area with respect to the proposed traffic area and considered in the
mentioned Program for the same year, as a result of a decrease in the Mexican
economic activity greater than five percent (5.0%), measured according to the
Gross National Product reported by the Mexican National Institute of
Statistics, Geography and Informatics for the prior 12 consecutive months.

 

7.4.                              At the Concession Holder’s petition for
modifying the percentage of the prescribed rights in the Federal Rights Law,
which apply to airport services revenues.

 

7.5.                              The Ministry, on its own may adjust the
Maximum Tariff when after the annual revision, it is determined that in the
previous year:

 

7.5.1.                     All or part of the investments were not
performed and as a result works were stopped or the quality of the works as
foreseen in the Master Development Program was reduced.

 

7.5.2.                     The total revenues obtained from providing
Regulated Services, between the total Traffic Units in the calendar year,
exceeded the Maximum Tariff.

 

In the events of sections
7.5.1. and 7.5.2., the Ministry, notwithstanding the sanctions that may
proceed, will reduce the Maximum Tariff such that in the present value and
applying the effective discount rate the users are compensated for
overcharging.  When dealing with number
7.5.2, the Ministry may determine adjustments particularly to certain tariffs
for specified services within the adjusted Maximum Tariff.

 

7.6.                              Whenever extraordinary revisions are carried
out:

 

7.6.1.                     The Concession Holder must present the
information and documentation that is required of it and, as the case may be,
which justifies his petition.

 

7.6.2.                     In the extraordinary revisions of the Maximum
Tariff the Reference Values established for the given year will be used,
adjusted for inflation by applying the INPP, excluding petroleum, when applying
the formula described in 4.2.

 

6

 

7.6.3.                     The adjusted Maximum Tariff according to this
section will be applied to the remaining term of the period until the following
regular revision, with the understanding that the same will be adjusted and
updated according to Section 5 and this Section.

 

8.                                       Determining the Reference
Values

 

8.1.                              The Reference Values represent the present
net value of expected cash flow (before taxes) and generated by providing
Regulated Services whose form of calculation is described in Appendix E hereto,
that is, the sum of revenues derived from providing Regulated Services minus
cost and spending operation (excluding depreciation and amortization) and
projected capital investments.

 

8.2.                              The Reference Values only constitute an
indicative parameter in order to estimate and, as the case may be, to determine
the Maximum Tariff which the Federal Government does not guarantee with respect
to financial yield or the value of the airport business.

 

8.3                                 The Reference Values will be calculated based
on net generated cash flows by the projections presented by the Concession
Holder in the last approved Master Development Program, and that will apply in
the corresponding Period, and discounted at the applicable Discount Rate as
determined by the Ministry in accordance with Section 9 below.

 

9.                                       Determining the Discount
Rate

 

9.1.                              The Discount Rate or expected yield of
investments is a reflection of the capital cost (before taxes) of the airport
sector businesses.  It only constitutes a
parameter in estimating and, as the case may be, in determining the Maximum
Tariff.

 

9.2.                              The Ministry will determine the discount Rate
using internationally accepted methods in setting the capital cost of similar
national and international businesses, with an understanding that, with respect
to the latter, it will take into consideration the specific conditions of the
Mexican economy.

 

9.3.                              Whatever the method used, it will be
considered as a minimum parameter in determining the discount rate, the average
yield offered during the last twenty four (24) months in long term debt
securities issued by the Federal Government and that are quoted in
international securities markets, plus the corresponding premium whose value
will be estimated by the Ministry with regards to the inherent risk to the
airport business in Mexico.

 

10.                                 Determining the Terminal
Value

 

10.1.                        The terminal value represents the present
value of cash flows which will be generated during the remaining term of
effectiveness of the concession.

 

10.2.                        The terminal value will be calculated from
the following formula:

 

 

7

 

Where:

TV:                             means the Terminal Value

NEF:                      means the cash flow correspondent to the last
period of the explicit projection calculated according to Appendix E, and
normalized with respect to non-recurrent investments for that year.

r:                                         is the calculated Discount Rate in terms of
section 9 above.

n:                                      is the number of years between the last
calendar year of the explicit projection and the last calendar year of
effectiveness of the Concession.

g:                                      is calculated as the average annual growth of
the Traffic Unit during the last five (5) years of the explicit projection.

 

11.                                 Supervision by the Ministry

 

11.1.                        The Ministry, at the beginning of each year,
will verify the Concession Holder’s fulfillment of the application of the
Maximum Tariff during the prior calendar year. 
To the effect, within the first two (2) months of each calendar year,
the Concession Holder will present the Ministry with information contained in
Appendix C of the current Rules.

 

11.2.                        The Ministry, once the verification is
effected and, as the case may be, the correspondent adjustments are determined
through publication in the Official Gazette of the Federation, the Maximum
Tariff for that year will be known within the following two months that the
information and documentation indicated in the previous section are
presented.  The Concession Holder must
carry out the pertinent adjustments in order to comply with the mentioned
Tariff in the corresponding year.

 

11.3.                        Notwithstanding the foregoing, the Ministry
may verify at any time the fulfillment of the present Rules, hence:

 

11.3.1.               The Concession Holder will be obligated
periodically to provide the information that is listed in Appendix C as well as
other documents, information and clarifications that may become necessary, and

 

11.3.2.               The Ministry may carry out polls and
consults, directly or through third-parties with airport users in order to
verify the information that the Concession Holder presents, the fulfillment of
the quality standards and the Master Development Program.

 

11.4.                        The Ministry will establish specific rules
with respect to the content and the form of the information and documentation,
which the Concession Holder is obligated to resent confirming to the present section
as well as the format, and forms for its presentation.

 

12.                                 Term

 

12.1.                        This Rules will be effective as of January 1,
2001.

 

12.2.                        The Ministry will notify the Concession
Holder about the amount of the Maximum Tariff for the respective period and the
applicable parameters and the applicable efficiency factor as well as the
actualization and adjustments determined according to these Rules and will
become an integral part of them.

 

8

 

The Ministry will publish
the previous information, at the Concession Holder’s expense, in the Official
Gazette of the Federation.

 

12.3.                        The Maximum Tariff determined according to
these Rules for the first period understood to be from January 1, 2001 to
December 31, 2005 applicable to the airport as well as the parameters and the
efficiency factor respectively is attached hereto as Appendix D.  Likewise, the mandatory minimum investment
requirements for the first period is attached hereto as Appendix D-bis.

 

 

	
   

  	
  /s/
  Oscar S. Corzo Cruz

  	
   

  
	
  OSCAR
  S. CORZO CRUZ

  
	
  Director
  of Tariffs, Rail and Multimodal Transportation

  

 

9

 

APPENDIX A

 

CRITERIA
FOR THE ASSIGNMENT OF COSTS AND EXPENSES CORRESPONDING TO PROVIDING SERVICES
INCLUDED WITHIN THE REGULATED SERVICES

 

1.                                       Costs and expenses directly attributable to
the Airport:

 

1.1.                              Personnel:

 

1.1.1.                     In general, it is attributed to the total
personnel expenses assigned to airport works, including, among others,
preservation and maintenance personnel, operation, security, and rescue team
and fire extinguishers personnel.

 

1.1.2.                     Personnel expenses related to shared areas
such as administrative, accounting and maintenance, among others, is attributed
to personnel expense considering the contribution to Regulated Services
revenues during the last 5 fiscal years; in the initial Period of 5 years it is
distributed to the 95%.

 

1.2.                              Electricity:

 

1.2.1.                     In general, it is attributed to expenses
related to infrastructure and equipment electric power consumption as well as
terminal building areas directly attributed to airport services.  The terminal buildings may share the expense
by the proportion of the square meters dedicated to Regulated Services to the
total surface area.

 

1.2.2.                     In case the foregoing is not possible, all of
those expenses which may not be directly assigned to airport services, will be
attributed in consideration of the contribution to Regulatory Services revenues
during the last 5 fiscal years and if in the initial Period of 5 years it will
be 80%.

 

1.3.                              Materials and Consumables:

 

1.3.1.                     In general, it is attributed to expenses
related to materials and consumables assigned to infrastructure, equipment, as
well as other terminal building areas directly attributed to Regulated
Services.  In the terminal building the
expense can be distributed by square meter assigned to Regulated Services.

 

1.3.2.                     In case the foregoing is not possible and all
the expenses related to materials and consumables may not be directly assigned
to Regulated Services, they will be attributed considering the contribution to
Regulatory Services revenues during the last 5 fiscal years and if in the
initial Period of 5 years it will be 80%.

 

1.4.                              Preservation and Maintenance:

 

1.4.1.                     In general, expenses related to the maintenance
of infrastructure and equipment as well as the terminal building areas directly
are attributed if attributable to Regulated Services.  In the terminal buildings the expense may be
decreased by square meter assigned to Regulated Services.

 

 

1.4.2.                     If the foregoing is not possible and all of
those maintenance expenses that may not be directly assigned to Regulated
Services, they are to be attributed considering the contribution to airport
services revenues during the last 5 fiscal years and if in the initial Period
of 5 years it will be 80%.

 

1.5.                              Insurance and Security:  They are directly attributed to Regulated
Services, except for a policy or security service specifically for commercial
services, which will not be included.

 

1.6.                              Taxes and Royalties:  They are attributed considering the
contribution to Regulated Services revenues during the last 5 fiscal years; in
the initial Period it will be 80%.

 

1.7.                              Others: other expenses not exclusively
attributed to Regulated Services are attributed considering the contribution to
Regulated Services revenues during the last 5 fiscal years and in the initial
Period of 5 years it will be 80%.

 

2.                                       Cost and expenses at the corporate level:

 

2.1.                              The group airport expenses are assigned to
each individual airport proportionally according to the number of applicable
Traffic Units registered in each airport in accordance with the average of the
last 5 years, understanding that for the first 5 years the percentages
established in the following table will be used:

 

	
  Airport

  	
   

  	
  Percentage

  	
   

  
	
  Acapulco

  	
   

  	
  11.8

  	
  %

  
	
   

  	
   

  	
   

  	
   

  
	
  Ciudad Juárez

  	
   

  	
  5.8

  	
  %

  
	
   

  	
   

  	
   

  	
   

  
	
  Culiacán

  	
   

  	
  6.7

  	
  %

  
	
   

  	
   

  	
   

  	
   

  
	
  Chihuahua

  	
   

  	
  5.6

  	
  %

  
	
   

  	
   

  	
   

  	
   

  
	
  Durango

  	
   

  	
  2.5

  	
  %

  
	
   

  	
   

  	
   

  	
   

  
	
  Mazatlán

  	
   

  	
  9.0

  	
  %

  
	
   

  	
   

  	
   

  	
   

  
	
  Monterrey

  	
   

  	
  36.5

  	
  %

  
	
   

  	
   

  	
   

  	
   

  
	
  Reynosa

  	
   

  	
  1.9

  	
  %

  
	
   

  	
   

  	
   

  	
   

  
	
  San Luis Potosí

  	
   

  	
  2.0

  	
  %

  
	
   

  	
   

  	
   

  	
   

  
	
  Tampico

  	
   

  	
  3.8

  	
  %

  
	
   

  	
   

  	
   

  	
   

  
	
  Torreón

  	
   

  	
  3.9

  	
  %

  
	
   

  	
   

  	
   

  	
   

  
	
  Zacatecas

  	
   

  	
  3.4

  	
  %

  
	
   

  	
   

  	
   

  	
   

  
	
  Zihuatanejo

  	
   

  	
  7.5

  	
  %

  

 

2

 

2.2.                              Cost and expenses are distributed among
airport expenses and others

 

2.2.1.                     Personnel: in accordance with the Section 1.1.1
above.

 

2.2.2.                     Offices rent and other general expenses: are
distributed considering Regulated Services revenues during the last 5 fiscal
years; 80% are distributed in the initial 5 year Period.

 

3.                                       Royalties for the concession:

 

3.1.                              They are distributed by applying to the
revenues from the rendering of services included within the Regulated Services
the royalties provided for the Federal Royalties Law.

 

4.                                       Fees for the Strategic Partner’s advice:

 

4.1.                              Fees for the Strategic Partner’s advice are
assigned to each individual airport proportional to the number of passengers or
the work-cargo units registered in each Airport in accordance with the average
of the last 5 years, provided that for the first 5 years, the percentages
established in the table of section 2.1 above will be used.

 

The lesser between 60% or
the amount of revenues earned from rendering Regulated Services to the total
revenues earned during the last 5 fiscal years will be assigned to the
Regulated Services.

 

3

 

APPENDIX B

 

PROCEDURE FOR PREPARING

THE MASTER DEVELOPMENT PLAN

 

The Master Development Plan will be updated
every five years according to the Law and the Regulation as well as per the
following procedure:

 

1.                                       Twenty four months before the regular
revision date, the Concession Holder will engage an independent enterprise with
proven experience in this field or similar fields, in order to carry out and
process polls with users with respect to (a) the current and future quality
standards, (b) traffic projections for the following fifteen (15) years and (c)
investment needs during the mentioned time frame.

 

2.                                       Eighteen (18) months before the regular
revision date, the Concession Holder will prepare a Master Development Program
project for the Airport based on the result of the pools and in accordance with
the prerequisites established in the Law and its Regulations, which must set
forth, among other things, the following:

 

2.1.                              Annual projections, comprising each one of
the following fifteen years and in real terms, except if the Ministry
determines the contrary;

 

2.2.                              For each year, operative and financial
information must be included comprising at a minimum passenger forecasts, cargo
work units and aircraft operations as well as the principal premises with the
greater breaking-down of concepts and a detailed explanation of the methods
employed in its elaboration, besides the others which the Ministry may require;

 

2.3.                              The quality standards used and the safety and
environmental protection measures considered shall be explained.  Additionally, it must include a justification
of whatever changes are proposed, including comparisons with other quality
standards employed at both the national and international level;

 

2.4.                              Estimated capital investments for each of the
comprised years, specifying those related to Regulated Services, with an
explanation of the principal premises and the estimate methods utilized as well
as an itemized detailing of the works to be carried out, the cost (including
elements), scheduling, period of construction and effects in the quality and
capacity of the infrastructure; y

 

2.5.                              An itemized detail of the costs and operation
expense per year related to the Regulated Services with the exception of
principal premises and following the criteria established in Appendix A.

 

2.6.                              A proposal of the discount rate to be
employed in the Maximum Tariff calculation.

 

2.7.                              The estimate of the implications concerning
the Maximum Tariff as well as the specific tariffs.

 

2.8.                              Any other the Ministry may determine.

 

 

3.                                       Twelve (12) months before the regular
revision date and during three (3) months, the Concession Holder place at the
users’ disposition through the Operation and Schedule Committee, the Master
Development Program project and the projections, including (a) the quality
standards, (b) traffic projections for the following fifteen (15) years, (c)
investment needs and an estimated unit cost of the works during the mentioned
time frame, and (d) implications concerning the level of the Maximum Tariff.

 

4.                                       Nine (9) months before the periodic revision
date, the Concession Holder will include, as applicable, the commentaries and
users’ observations to the Master Development Program proposal.

 

5.                                       Six (6) months before the periodic revision
date, the Concession Holder will submit the Master Development Program project
to the Ministry accompanied by the recommendation of the Operation and Schedule
Committee.

 

6.                                       For such purposes, the Concession Holder must
provide the information related to the Master Development Program determined by
the Ministry.

 

7.                                       During this time, the Ministry will revise
the Master Development Program’s proposal as well as the information presented
by the Concession Holder.  The Ministry
will be able to solicit airport users’ opinion.

 

8.                                       The Ministry will resolve what is appropriate
according to the applicable legislation.

 

2

 

APPENDIX C

 

THE CONCESSION HOLDER’S ANNUAL INFORMATION

 

The Concession Holder must deliver to the
Ministry, within the first three months of every calendar year, the information
and documentation that is indicated correspondent to the previous year,
beginning the year following the initial operation of these Rules.

 

1.                                       Financial statements, prepared in accordance
with the provisions established by the Ministry, audited by renowned public
independent accountants, in which are clearly described the accounts related to
the Services and the detailed accounts that permit its easy identification.

 

2.                                       The monthly total passenger statistics, with
an analytic detailed of the passengers arriving, departing, in transit,
transferring, checking in and exempted as well as the corresponding cargo
statistics.

 

3.                                       The monthly statistic relation for the total
operations per type of aircraft.

 

4.                                       The hourly distribution of passengers and
operations.

 

5.                                       Indicators with respect to the level of
infrastructure utilization.

 

6.                                       Level and fulfillment of quality standards.

 

7.                                       The details of pursued investments and
investments in progress as well as reports regarding the fulfillment of minimum
investment compromises.

 

8.                                       Delay and disaster statistics.

 

9.                                       Productivity and efficiency indicators of
Airport operation.

 

10.                                 Number of persons employed per operative or
functional area.

 

11.                                 Summary of providers of Airport and
Complementary services.

 

12.                                 Summary of Concession Holders or air
transport providers that have been attended in the Airport.

 

13.                                 Copy of the insurance effectiveness.

 

14.                                 Insurance claim.

 

Any
other information which the Ministry may deem necessary.

 

 

APPENDIX D

 

THE
APPLICABLE MAXIMUM TARIFF IN THE AIRPORT LOCATED IN THE CITY OF MONTERREY FOR
THE PERIOD FROM THE YEAR 2001 TO 2005 AS WELL AS THE PARAMETERS AND THE
RESPECTIVE EFFICIENCY FACTOR.

 

The Ministry of Communications and
Transportation has determined, based on Articles 67, 69 and 70 of the Airport
Law as well as the Tariff Regulation Rules issued on this date, hereinafter the
Rules, the following:

 

1.                                       The Airport Maximum Tariff for the first five
(5) years, the first Period, the parameters and the respective efficiency
factor will be the following:

 

	
  PERIOD

  	
   

  	
  YEAR

  	
   

  	
  REFERENCE

  VALUE(1)

  	
   

  	
  EFFICIENCY

  FACTOR

  (X)

  	
   

  	
  MAXIMUM

  TARIFF PER

  TRAFFIC UNIT(2)

  	
   

  	
  REAL

  DISCOUNT

  RATE(3)

  	
   

  
	
  1

  	
   

  	
  2001

  	
   

  	
  1,560,903.8

  	
   

  	
  1

  	
  %

  	
  83.16

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2002

  	
   

  	
  1,646,851.2

  	
   

  	
  1

  	
  %

  	
  82.33

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2003

  	
   

  	
  1,729,330.4

  	
   

  	
  1

  	
  %

  	
  81.51

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2004

  	
   

  	
  1,802,953.7

  	
   

  	
  1

  	
  %

  	
  80.69

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2005

  	
   

  	
  1,870,144.3

  	
   

  	
  1

  	
  %

  	
  79.88

  	
   

  	
  18

  	
  %

  
	
  2

  	
   

  	
  2006

  	
   

  	
  1,953,725.5

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  

 

2.                                       The Discount Rate is estimated in real terms
and applied to the cash flows expressed in Mexican currency before taxes
calculated as is indicated in Section 8 of the Rules.

 

3.                                       The minimum obligated investment requirements
for the first five (5) years of operation of the Concession are detailed in
Appendix D-bis of the current document and will be adjusted due to variations
in the National Construction Industry Price Index which the Mexican Central
Bank publishes periodically.

 

4.                                       The Concession Holder may carry out additional
investments to the minimum obligated investment requirements if the Ministry
approves them within the Master Development Program which it files in
accordance with Condition 6.1 of the Concession.  The foregoing, understanding that when
greater investments are approved, the Ministry will not carry out any
adjustment to the Maximum Tariff of the first period in order to reflect these
investments, except in the case of Section 7.1 of the Rules.

 

5.                                       Due to the fact that in the estimate of the
Maximum Tariff for the first period, passengers in transit were not considered,
the Ministry, in an extraordinary form, will revise and, as the case may be,
will adjust the Maximum Tariff to the beginning of the third year of the first
period, with respect to the passenger projections, in order to reflect the
passengers in transit, with a base in the respective Airport statistics.

 

6.                                       Due to the fact that the Traffic Unit used in
the calculation of the Maximum Tariff of the first Period is Passengers, as of
the year 2002 the Ministry shall restate the Maximum Tariff to refer it

 

(1)                                  Given
in pesos from December 31, 1998.

(2)                                  Given
in pesos from December 31, 1999, after having applied the corresponding
efficiency factor.  The traffic unit is
passengers.

(3)                                  The
Discount Rate in real terms and applied to cash flows before taxes.

 

 

in terms of cargo-work
units, considering the operative statistics from January 1 to December 31,
2001, so that at the beginning of the second year of the first Period (year
2002), the Maximum Tariff shall be referred cargo-work units.  For such purposes, the 2002 to 2005 Maximum
Tariff shall be adjusted multiplying the tariff referred to in section 1 above
by the number of passengers, without including transits, recorded during 2001,
divided between the total number of passengers, including transits, recorded
during the same year.  For that reason,
as of January 1, 2001, the Concession Holder shall keep a strict record of the
revenues generated by rendering Regulated Services, as well as precise and
prompt statistics of passengers and air cargo.

 

7.                                       During years 2001 and 2002, the Ministry may
request the Concession Holder information related to the revenues generated by
rendering Regulated Services and traffic units. 
During this years, the Ministry shall have the authority to adjust the
Maximum Tariff, and as a result, the reference values, applying the principle
that the specific tariffs to Airport users do not increase in real terms.

 

8.                                       In the first regular revision of the Maximum
Tariff, the Reference Value established for the first year of the second
period, that is, the year 2006, and adjusted by the variations in the INPP,
excluding petroleum will be used.

 

9.                                       Determination and amendment of the tariffs
for specific services included within the Regulated Services:

 

9.1.                              The proportion in terms of percentage of the
revenues derived from specific tariffs applicable to the passengers within the
total revenues of the maximum tariff may not vary during 2001, and

 

9.2.                              The charging base for specific tariffs
established in the “Agreement for the application of Tariffs by the Airport
Services that the decentralized agency Aeropuertos y Servicios Auxiliares
provides,” published in the Official Gazette of the Federation on March 1999,
may not be modified before July 1, 2001.

 

10.                                 The Maximum Tariff applicable to the year
2001 shall become effective as of January 1, 2001.  Until this tariff regulation rules are in
effect, the Concession Holder shall apply the tariffs for airport services
provided for in the agreement mentioned in Section 9. above, and with respect
to the considerations for leases and access rights included in the regulated
services, it shall continue to apply the ones in effect on April 30, 2000,
adjusting them for inflation.

 

 

	
   

  	
  /s/ Oscar S. Corzo Cruz

  	
   

  
	
  OSCAR
  S. CORZO CRUZ

  
	
  Director
  of Tariffs, Rail and

  
	
  Multimodal
  Transportation

  

 

2

 

APPENDIX D-BIS

 

Amount of
Annual Investments per Item - Monterrey

Constant purchasing power in millions of
pesos as of December 1998

 

Minimum Investment Commitments (2001-2005)

 

	
  Infrastructure/Equipment Items

  	
   

  	
  2001

  	
   

  	
  2002

  	
   

  	
  2003

  	
   

  	
  2004

  	
   

  	
  2005

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Runway 1

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Runway 2

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Runway 3

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Commercial Platform

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  5,373,699

  	
   

  	
  —

  	
   

  
	
  General aviation platform

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Trucks

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  CREI Building

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  CREI

  	
   

  	
  4,592,623

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Sidewalks

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Walkways

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Taxi Parking

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Public Parking – street level

  	
   

  	
  383,374

  	
   

  	
  —

  	
   

  	
  417,742

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Public Parking – garage

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Employee Parking

  	
   

  	
  568,122

  	
   

  	
  —

  	
   

  	
  102,358

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Terminal

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1,403,259

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Contact Positions (Commercial Platform)

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Passenger mini-buses

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Domestic baggage claim

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  88,408

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  International baggage claim

  	
   

  	
  88,408

  	
   

  	
  —

  	
   

  	
  88,408

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  X-rays

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Electronic systems, etc.

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  210,489

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Escalators

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1,269,358

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Elevators

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  667,804

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Air conditioning

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  584,870

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Ascending/descending walkways

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Lanes in front of the terminal

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Access lanes

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Water Treatment Plant

  	
   

  	
  931,916

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Emergency plants

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Water tanks

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Support Vehicles

  	
   

  	
  1,528,482

  	
   

  	
  —

  	
   

  	
  25,141

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  General Aviation Building

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1,069,938

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Re-paving

  	
   

  	
  —

  	
   

  	
  952,158

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  23,825,444

  	
   

  
	
  Lights for runways

  	
   

  	
  —

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Runway boundaries

  	
   

  	
  —

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Total Development Investments

  	
   

  	
  8,092,927

  	
   

  	
  952,158

  	
   

  	
  5,927,775

  	
   

  	
  5,373,699

  	
   

  	
  23,825,444

  	
   

  
	
  Total Delayed Investments

  	
   

  	
  7,474,743

  	
   

  	
  14,596,075

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Investments for Remodeling and improvement

  	
   

  	
  4,000,000

  	
   

  	
  4,000,000

  	
   

  	
  4,000,000

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  TOTAL INVESTMENT COMMITMENTS

  	
   

  	
  19,567,669

  	
   

  	
  19,548,233

  	
   

  	
  19,548,233

  	
   

  	
  5,373,699

  	
   

  	
  23,825,444

  	
   

  

 

3

 

Indicative Investments (2006-2015)

 

	
  Infrastructure /Equipment Items

  	
   

  	
  2006

  	
   

  	
  2007

  	
   

  	
  2008

  	
   

  	
  2009

  	
   

  	
  2010

  	
   

  	
  2011

  	
   

  	
  2012

  	
   

  	
  2013

  	
   

  	
  2014

  	
   

  	
  2015

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Runway 1

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Runway 2

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Runway 3

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Commercial
  Platform

  	
   

  	
  5,373,699

  	
   

  	
  5,373,699

  	
   

  	
  —

  	
   

  	
  5,373,699

  	
   

  	
  5,373,699

  	
   

  	
  5,373,699

  	
   

  	
  5,373,699

  	
   

  	
  5,373,699

  	
   

  	
  5,373,699

  	
   

  	
  —

  	
   

  
	
  General aviation
  platform

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Trucks

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  6,208,944

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  6,208,944

  	
   

  	
  —

  	
   

  
	
  CREI Building

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  CREI

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Sidewalks

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Walkways

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Taxi parking

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Public parking –
  street level

  	
   

  	
  434,803

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  451,920

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  510,472

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  554,863

  	
   

  
	
  Public parking –
  garage

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Employee parking

  	
   

  	
  106,538

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  110,732

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  125,079

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  135,956

  	
   

  
	
  Terminal

  	
   

  	
  24,797,447

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  25,773,659

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  29,112,988

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  31,644,668

  	
   

  
	
  Contact Positions
  (Commercial Platform)

  	
   

  	
  4,117,574

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  8,235,148

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  12,352,722

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  21,352,722

  	
   

  
	
  Passenger
  mini-buses

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Domestic baggage
  claim

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  88,408

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  88,408

  	
   

  
	
  International
  baggage claim

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  88,408

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  88,408

  	
   

  
	
  X-rays

  	
   

  	
  449,216

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  449,216

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  449,216

  	
   

  
	
  Electronic
  systems, etc.

  	
   

  	
  3,719,617

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  3,866,049

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  4,366,948

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  4,746,700

  	
   

  
	
  Escalators

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1,269,358

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1,269,358

  	
   

  
	
  Elevators

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  667,804

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Air conditioning

  	
   

  	
  10,335,433

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  10,742,312

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  12,134,125

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  13,189,315

  	
   

  
	
  Ascending/descending
  sidewalks

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Lanes in front of
  Terminal

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Access lanes

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Water Treatment
  Plant

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  931,916

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Emergency plants

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Water tanks

  	
   

  	
  21,098

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  21,928

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  24,769

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  26,923

  	
   

  
	
  Support Vehicles

  	
   

  	
  1,222,786

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1,069,938

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1,375,634

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1,528,482

  	
   

  
	
  General aviation
  building

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Re-paving

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  5,964,636

  	
   

  	
  —

  	
   

  	
  23,825,444

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  952,158

  	
   

  	
  —

  	
   

  
	
  Lights for
  runways

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Runway boundaries

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Total Development
  Investments

  	
   

  	
  50,578,210

  	
   

  	
  5,373,699

  	
   

  	
   

  	
   

  	
  63,988,112

  	
   

  	
  5,373,699

  	
   

  	
  35,408,088

  	
   

  	
  66,493,457

  	
   

  	
  5,373,699

  	
   

  	
  12,534,801

  	
   

  	
  66,075,019

  	
   

  
	
  Total Delayed
  Investments

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Investments for
  Remodeling and improvement

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TOTAL INVESTMENT
  COMMITMENTS

  	
   

  	
  50,578,210

  	
   

  	
  5,373,699

  	
   

  	
   

  	
   

  	
  63,988,112

  	
   

  	
  5,373,699

  	
   

  	
  35,408,088

  	
   

  	
  66,493,457

  	
   

  	
  5,373,699

  	
   

  	
  12,534,801

  	
   

  	
  66,075,019

  	
   

  

 

4

 

Additional
Investment Units per Item - Monterrey

Investment Concepts

 

Investment Commitments (2001-2005)

 

	
  Infrastructure/Equipment Items

  	
   

  	
  Units

  	
   

  	
  2001

  	
   

  	
  2002

  	
   

  	
  2003

  	
   

  	
  2004

  	
   

  	
  2005

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Runway 1

  	
   

  	
  Length (m) 

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
   

  	
   

  	
  Width (m)

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Runway 2

  	
   

  	
  Length (m) 

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
   

  	
   

  	
  Width (m)

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Runway 3

  	
   

  	
  Length (m) 

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
   

  	
   

  	
  Width (m)

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Commercial Platform

  	
   

  	
  Yes/No

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  *****

  	
   

  	
  —

  	
   

  
	
  General aviation platform

  	
   

  	
  Yes/No

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Trucks

  	
   

  	
  Yes/No

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  CREI Building

  	
   

  	
  Yes/No

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
   

  	
   

  	
  m2

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CREI

  	
   

  	
  #

  	
   

  	
  1.0

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Sidewalks

  	
   

  	
  m

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Walkways

  	
   

  	
  m2 at 4m wide

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Taxi parking

  	
   

  	
  m2

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Public parking – street level

  	
   

  	
  m2

  	
   

  	
  5,051.6

  	
   

  	
  —

  	
   

  	
  5,504.4

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Public parking – garage

  	
   

  	
  m2

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Employee parking

  	
   

  	
  m2

  	
   

  	
  7,485.9

  	
   

  	
  —

  	
   

  	
  1,348.7

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Terminal

  	
   

  	
  m2 building

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  213.4

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Contact Positions (Commercial Platform)

  	
   

  	
  #

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Passenger mini-buses

  	
   

  	
  #

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Domestic baggage claim

  	
   

  	
  #

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1.0

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  International baggage claim

  	
   

  	
  #

  	
   

  	
  1.0

  	
   

  	
  —

  	
   

  	
  1.0

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  X-rays

  	
   

  	
  #

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Electronic systems, etc.

  	
   

  	
  m2

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  213.4

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Escalators

  	
   

  	
  #

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1.0

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Elevators

  	
   

  	
  #

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1.0

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Air conditioning

  	
   

  	
  m2

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  213.4

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Ascending/descending sidewalks

  	
   

  	
  m2 at 7.5m wide

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Lanes in front of the terminal

  	
   

  	
  m2

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Access lanes

  	
   

  	
  m2 at 3m/lane

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Water Treatment Plant

  	
   

  	
  liters/day

  	
   

  	
  178,500.0

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Emergency plants

  	
   

  	
  #

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Water tanks

  	
   

  	
  liters

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  23,358.4

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Support Vehicles

  	
   

  	
  #

  	
   

  	
  10.0

  	
   

  	
  —

  	
   

  	
  7.0

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  General aviation building

  	
   

  	
  m2

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  *****

  	
   

  	
  —

  	
   

  
	
  Re-paving

  	
   

  	
  Yes/No

  	
   

  	
  [Value]

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Lights for runways

  	
   

  	
  Yes/No

  	
   

  	
  [Value]

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Runway boundaries

  	
   

  	
  Yes/No

  	
   

  	
  [Value]

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

5

 

Indicative Investments (2006 to 2015)

 

	
  Infrastructure Entry/Equipment

  	
   

  	
  Units

  	
   

  	
  2006

  	
   

  	
  2007

  	
   

  	
  2008

  	
   

  	
  2009

  	
   

  	
  2010

  	
   

  	
  2011

  	
   

  	
  2012

  	
   

  	
  2013

  	
   

  	
  2014

  	
   

  	
  2015

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Runway 1

  	
   

  	
  Length (m) 

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
   

  	
   

  	
  Width (m)

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Runway 2

  	
   

  	
  Length (m) 

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
   

  	
   

  	
  Width (m)

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Runway 3

  	
   

  	
  Length (m) 

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  3,000

  	
   

  
	
   

  	
   

  	
  Width (m)

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  45

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Commercial Platform

  	
   

  	
  Yes/No

  	
   

  	
  *****

  	
   

  	
  *****

  	
   

  	
  —

  	
   

  	
  *****

  	
   

  	
  *****

  	
   

  	
  *****

  	
   

  	
  *****

  	
   

  	
  *****

  	
   

  	
  *****

  	
   

  	
  —

  	
   

  
	
  General aviation platform

  	
   

  	
  Yes/No

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Trucks

  	
   

  	
  Yes/No

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  *****

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  *****

  	
   

  	
  —

  	
   

  
	
  CREI Building

  	
   

  	
  Yes/No

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
   

  	
   

  	
  m2

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CREI

  	
   

  	
  #

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Sidewalks

  	
   

  	
  m

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Walkways

  	
   

  	
  m2 at 4m wide

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Taxi parking

  	
   

  	
  m2

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Public parking – street level

  	
   

  	
  m2

  	
   

  	
  5,729.2

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  5,954.8

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  6,726.3

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  7,311.2

  	
   

  
	
  Public parking – garage

  	
   

  	
  m2

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Employee parking

  	
   

  	
  m2

  	
   

  	
  1,403.8

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1,459.1

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1,648.1

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1,791.4

  	
   

  
	
  Terminal

  	
   

  	
  m2 building

  	
   

  	
  3,771.2

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  3,919.6

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  4,427.5

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  4,812.5

  	
   

  
	
  Contact Positions (Commercial Platform)

  	
   

  	
  #

  	
   

  	
  1.0

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  2.0

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  3.0

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  3.0

  	
   

  
	
  Passenger mini-buses

  	
   

  	
  #

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Domestic baggage claim

  	
   

  	
  #

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1.0

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1.0

  	
   

  
	
  International baggage claim

  	
   

  	
  #

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1.0

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1.0

  	
   

  
	
  X-rays

  	
   

  	
  #

  	
   

  	
  1.0

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1.0

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1.0

  	
   

  
	
  Electronic systems, etc.

  	
   

  	
  m2

  	
   

  	
  3,771.2

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  3,919.6

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  4,427.5

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  4,812.5

  	
   

  
	
  Escalators

  	
   

  	
  #

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1.0

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1

  	
   

  
	
  Elevators

  	
   

  	
  #

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  1.0

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Air conditioning

  	
   

  	
  m2

  	
   

  	
  3,771.2

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  3,919.6

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  4,427.5

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  4,812.5

  	
   

  
	
  Ascending/descending walkways

  	
   

  	
  m2 at 7.5m wide

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Lanes in front of the terminal

  	
   

  	
  m2

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Access lanes

  	
   

  	
  m2 at 3m/lane

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Water Treatment Plant

  	
   

  	
  liters/day

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  178,500

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Emergency plants

  	
   

  	
  #

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Water tanks

  	
   

  	
  liters

  	
   

  	
  19,601.7

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  20,372.9

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  23,013.0

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  25,013.8

  	
   

  
	
  Support Vehicles

  	
   

  	
  #

  	
   

  	
  8.0

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  7.0

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  9.0

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  10.0

  	
   

  
	
  General aviation building

  	
   

  	
  m2

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  *****

  	
   

  	
  —

  	
   

  	
  *****

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  *****

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Re-paving

  	
   

  	
  Yes/No

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Lights for runways

  	
   

  	
  Yes/No

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Runway boundaries

  	
   

  	
  Yes/No

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

6

 

APPENDIX E

 

PROCEDURE FOR CALCULATING CASH FLOWS

IN ORDER TO DETERMINE THE REFERENCE VALUES

 

Cash flows will be calculated as the sum of
the following items:

 

Revenues without Value Added Tax generated by
rendering Regulated Services (the “Airport Revenues”).

 

(minus) rights payable to the Federal
Government, calculated as the applied operation percentage to the total Airport
Revenues.

 

(minus) cost and expense of operation without
including depreciation and amortization in what is incurred rendering Regulated
Services.

 

(minus) preservation expenses and
infrastructure, installations and equipment maintenance entailed with rendering
Regulated Services.

 

(minus) the assignment of corporate expense
to the airport and rendering Regulated Services as well as the assignment of
the schedule of the Strategic Partner’s technical assistance.

 

(minus) other costs and extraordinary
expenses which the Ministry approves, in what is incurred rendering Regulated
Services.

 

(minus) capital investments in infrastructure
and equipment, exclusively entailed with rendering Regulated Services and
approved in the Master Development Program.

 

 

SCHEDULE OF DIFFERENCES

 

Set forth below are the
differences in the Aeropuerto de Acapulco,
S.A. de C.V.’s Concession as compared to the Aeropuerto de Monterrey, S.A. de C.V.’s
Concession:

 

***

 

Antecedents

 

I. “(i) Administrate,
operate and utilize the international airport of Acapulco, Guerrero.”

 

III. “The Concession Holder
was incorporated in accordance with the Mexican laws, as a variable stock
company, by means of public deed number 44,369 dated May 28,1998, granted
before Mr. Emiliano Zubiría Maqueo, Notary Public number 25 of the Federal
District, which first deed copy was registered on June 25, 1998 under folio
number 238,598, of the Public Registry of Commerce and Property for the City of
Mexico. The Concession Holder appoints as domicile to receive notices the one
located at Boulevard de las Naciones S/N, Colonia Plan de los Amates, Acapulco,
Guerrero, C.P. 39931, A.P. 65, Mexico.”

 

V. “Mr. Louis Priede Weston,
legal representative of the Concession Holder has sufficient authority, as
evidenced by public deed No. 52,704 dated May 28, 1999, granted before Luis de
Angoitia Becerra, Notary Public No. 109 of the Federal District, which was
first registered on August 31, 1999 under folio number 238,749 of the Public
Registry of Commerce and Property of the City of Mexico, to execute this
document and his authority has not been changed or revoked in any way.”

 

2.             Chapter I. (Definitions): Concession Holder: Aeropuerto de Acapulco,
S.A. de C.V., a company incorporated under Mexican law, holder of the rights
included in this Concession, which at the time of granting of this Concession,
is a company of majority state participation.

 

3.             Chapter II (Purpose, Extent and Real State
Regime):

 

2.1.1. “A concession to
administer, operate and utilize, as the case may be, carry out the
constructions in the civil aerodrome of the public services, located at
Boulevard de las Naciones S/N, Colonia Plan de los Amates, Acapulco, Guerrero,
C.P. 39931, A.P. 65, Mexico, in order to render the Services in the airport;
and which polygonal, Air Protection Area and Areas Distribution Plan are
described in Exhibit 1 hereto.”

 

2.2.
Classification and Category.  The Airport is classified as an
international aerodrome of public services, terrestrial, with (OACI) 4E, (CREI)
VIII, and (IFR) PA1 category.

 

The
Ministry may amend the classification and category, previously listening to the
Concession Holder, when the Airport does no longer have the installations and
services necessary hereunder or when circumstances arise which merit said amendment
and, consequently, it shall inform the Concession Holder the conditions to
which the rendering of services in the Airport will be subject, in terms of its
new classification.

 

 

Exhibit
Three to the Concession Title granted by the Federal Government, through the
Ministry of Communications and Transport, in favor of Aeropuerto de Acapulco,
S.A. de C.V.

 

STANDARDS USED IN THE CALCULATION OF THE INVESTMENTS IN THE ACAPULCO
AIRPORT

 

Terminal

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
   

  	
   

  	
   

  
	
  Baggage
  Carrusel

  	
   

  	
  •      216
  pieces of luggage/carousel/during peak hours

  
	
   

  	
   

  	
  •      2
  piece of luggage per domestic passenger 

  
	
   

  	
   

  	
  •      2
  pieces of luggage per international passenger

  
	
   

  	
   

  	
  •      80m/band

  
	
   

  	
   

  	
   

  
	
  X-rays

  	
   

  	
  •      500
  php/machine

  
	
   

  	
   

  	
   

  
	
  Escalators

  	
   

  	
  •      600
  php/step

  
	
   

  	
   

  	
   

  
	
  Elevators

  	
   

  	
  •      1,000
  php/elevator

  
	
   

  	
   

  	
   

  
	
  Ascending
  and descending sidewalks

  	
   

  	
  •      7.5
  m wide

  
	
   

  	
   

  	
  •      0.39
  m/php

  
	
   

  	
   

  	
   

  
	
  Lanes in
  front of the terminal

  	
   

  	
  •      3
  lanes

  
	
   

  	
   

  	
  •      3m
  wide

  
	
   

  	
   

  	
   

  
	
  Taxi parking

  	
   

  	
  •      0.02
  taxis/php

  
	
   

  	
   

  	
   

  
	
  Passenger
  parking

  	
   

  	
  •      500
  parking spaces/million exiting passengers

  
	
   

  	
   

  	
   

  
	
  Employee
  parking

  	
   

  	
  •      0.13
  parking spaces/employee

  
	
   

  	
   

  	
  •      30m2/parking
  space

  
	
   

  	
   

  	
   

  
	
  Terminal
  Service Level

  	
   

  	
  •      B (14m2 per php)

  

 

Php=peak hours passengers

 

2

 

Air Field

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
   

  	
   

  	
   

  
	
  Contact
  points

  	
   

  	
  •      75
  php%

  
	
   

  	
   

  	
   

  
	
  Passenger
  Mini-buses

  	
   

  	
  •      25%
  php

  
	
   

  	
   

  	
  •      60
  persons/mini-bus

  
	
   

  	
   

  	
   

  
	
  Access Ways

  	
   

  	
  •      2,400
  php/access lane

  
	
   

  	
   

  	
  •      Minimum
  of 2 access ways

  
	
   

  	
   

  	
   

  
	
  Water
  Treatment Plant

  	
   

  	
  •      15
  liters/day/person

  
	
   

  	
   

  	
   

  
	
  CREI
  Building

  	
   

  	
  •      one
  per airport

  
	
   

  	
   

  	
   

  
	
  Emergency
  plants

  	
   

  	
  •      3
  per airport

  
	
   

  	
   

  	
   

  
	
  Control
  tower

  	
   

  	
  •      One
  per airport

  
	
   

  	
   

  	
   

  
	
  CREI

  	
   

  	
  •      One
  per airport

  
	
   

  	
   

  	
   

  
	
  Sidewalks
  and Walkways

  	
   

  	
  •      13.57m/hectare

  
	
   

  	
   

  	
   

  
	
  Water tanks

  	
   

  	
  •      45
  liters/person/day

  
	
   

  	
   

  	
  •      3
  reserve days

  
	
   

  	
   

  	
   

  
	
  Support
  Vehicles

  	
   

  	
  •      0.20
  vehicles/daily operation

  

 

3

 

Exhibit
7

 

ACAPULCO AIRPORT

 

Appendix A

 

1.2.2.       In case the foregoing is not possible, all of
those expenses which may not be directly assigned to airport services, will be
attributed in consideration of the contribution to Regulatory Services revenues
during the last 5 fiscal years and if in the initial Period of 5 years it will
be 80%.

 

1.3.2.       In case the foregoing is not possible and all
the expenses related to materials and consumables may not be directly assigned
to Regulated Services, they will be attributed considering the contribution to
Regulatory Services revenues during the last 5 fiscal years and if in the
initial Period of 5 years it will be 80%.

 

1.6.          Taxes and Rights:  They are attributed considering the
contribution to Regulated Services revenues during the last 5 fiscal years; in
the initial Period it will be 80%.

 

1.7.          Others: other expenses not exclusively
attributed to Regulated Services are attributed considering the contribution to
Regulated Services revenues during the last 5 fiscal years and in the initial
Period of 5 years it will be 80%.

 

4

 

ACAPULCO
AIRPORT

 

Appendix D

 

1.             The Airport Maximum Tariff for the first five
(5) years, the first Period, the parameters and the respective efficiency
factor will be the following:

 

	
  PERIOD

  	
   

  	
  YEAR

  	
   

  	
  REFERENCE

  VALUE(4)

  	
   

  	
  EFFICIENCY

  FACTOR

  (X)

  	
   

  	
  MAXIMUM

  TARIFF PER

  TRAFFIC UNIT(5)

  	
   

  	
  REAL

  DISCOUNT

  RATE(6)

  	
   

  
	
  1

  	
   

  	
  2001

  	
   

  	
  235,941.6

  	
   

  	
  1

  	
  %

  	
  86.63

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2002

  	
   

  	
  265,678.0

  	
   

  	
  1

  	
  %

  	
  85.76

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2003

  	
   

  	
  293,989.8

  	
   

  	
  1

  	
  %

  	
  84.90

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2004

  	
   

  	
  306,150.9

  	
   

  	
  1

  	
  %

  	
  84.05

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2005

  	
   

  	
  315,249.2

  	
   

  	
  1

  	
  %

  	
  83.21

  	
   

  	
  18

  	
  %

  
	
  2

  	
   

  	
  2006

  	
   

  	
  324,555.3

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  

 

(1)           Given in pesos from
December 31, 1998.

(2)           Given in pesos from
December 31, 1999, after having applied the corresponding efficiency
factor.  The traffic unit is passengers.

(3)           The discount Rate in
real terms and applied to cash flows before taxes.

 

5

 

SCHEDULE OF DIFFERENCES

 

Set forth
below are the differences in the Aeropuerto
de Chihuahua, S.A. de C.V.’s Concession as compared to the
Aeropuerto de Monterrey, S.A. de C.V.’s Concession:

 

***

 

Antecedents

 

I.
“(i) Administrate, operate and utilize the international airport of Chihuahua,
Chihuahua.”

 

III.
“The Concession Holder was incorporated in accordance with the Mexican laws, as
a variable stock company, by means of public deed number 44,358 dated May
28,1998, granted before Mr. Emiliano Zubiría Maqueo, Notary Public number 25 of
the Federal District, which first deed copy was registered on June 25, 1998
under folio number 238,752, of the Public Registry of Commerce and Property for
the City of Mexico. The Concession Holder appoints as domicile to receive
notices the one located at Boulevard Juan Pablo II, Km. 14, Chihuahua,
Chihuahua, C.P. 31390, A.P. 719, Mexico.”

 

V.
“Mr. Louis Priede Weston, legal representative of the Concession Holder has
sufficient authority, as evidenced by public deed No. 52,704 dated May 28,
1999, granted before Luis de Angoitia Becerra, Notary Public No. 109 of the
Federal District, which was first registered on August 31, 1999 under folio
number 238,749 of the Public Registry of Commerce and Property of the City of
Mexico, to execute this document and his authority has not been changed or
revoked in any way.”

 

2.             Chapter I. (Definitions): Concession Holder: Aeropuerto de Chihuahua,
S.A. de C.V., a company
incorporated under Mexican law, holder of the rights included in this
Concession, which at the time of granting of this Concession, is a company of
majority state participation.

 

3.             Chapter II (Purpose, Extent and Real State
Regime):

 

2.1.1. “A concession to
administer, operate and utilize, as the case may be, carry out the
constructions in the civil aerodrome of the public services, located at
Boulevard Juan Pablo II, Km. 14, Chihuahua, Chihuahua, C.P. 31390, A.P. 719,
Mexico, in order to render the Services in the airport; and which polygonal,
Air Protection Area and Areas Distribution Plan are described in Exhibit 1 hereto.”

 

2.2. Classification and Category.  The Airport is classified as an
international aerodrome of public services, terrestrial, with (OACI) 4D, (CREI)
VI, and (IFR) NPA category.

 

The Ministry may amend the classification and category, previously
listening to the Concession Holder, when the Airport does no longer have the
installations and services necessary hereunder or when circumstances arise
which merit said amendment and, consequently, it shall inform the Concession
Holder the conditions to which the rendering of services in the Airport will be
subject, in terms of its new classification.

 

 

Exhibit
Three to the Concession Title granted by the Federal Government, through the
Ministry of Communications and Transport, in favor of Aeropuerto de Chihuahua,
S.A. de C.V.

 

STANDARDS USED IN THE
CALCULATION OF THE INVESTMENTS IN THE CHIHUAHUA AIRPORT

 

Terminal

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
   

  	
   

  	
   

  
	
  Baggage Carrusel

  	
   

  	
  •      216 pieces of
  luggage/carousel/during peak hours

  
	
   

  	
   

  	
  •      1 piece of
  luggage per domestic passenger

  
	
   

  	
   

  	
  •      1.4 pieces of
  luggage per international passenger

  
	
   

  	
   

  	
  •      80m/band

  
	
   

  	
   

  	
   

  
	
  X-rays

  	
   

  	
  •      500
  php/machine

  
	
   

  	
   

  	
   

  
	
  Ascending and descending sidewalks

  	
   

  	
  •      7.5 m wide

  
	
   

  	
   

  	
  •      0.39 m/php

  
	
   

  	
   

  	
   

  
	
  Lanes in front of the terminal

  	
   

  	
  •      3 lanes

  
	
   

  	
   

  	
  •      3m wide

  
	
   

  	
   

  	
   

  
	
  Taxi parking

  	
   

  	
  •      0.02
  taxis/php

  
	
   

  	
   

  	
   

  
	
  Passenger
  parking

  	
   

  	
  •      500 parking
  spaces/million exiting passengers

  
	
   

  	
   

  	
   

  
	
  Employee parking

  	
   

  	
  •      0.13 parking
  spaces/employee

  
	
   

  	
   

  	
  •      30m2/parking
  space

  
	
   

  	
   

  	
   

  
	
  Terminal
  Service Level

  	
   

  	
  •      D (10m2 per
  php)

  

 

Php=peak
hours passengers 

 

2

 

Air Field

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
   

  	
   

  	
   

  
	
  Passenger
  Mini-buses

  	
   

  	
  •      25
  php

  
	
   

  	
   

  	
  •      60
  persons/mini-bus%

  
	
   

  	
   

  	
   

  
	
  Access Ways

  	
   

  	
  •      2,400
  php/access lane

  
	
   

  	
   

  	
  •      Minimum
  of 2 access ways

  
	
   

  	
   

  	
   

  
	
  Water
  Treatment Plant

  	
   

  	
  •      15
  liters/day/person

  
	
   

  	
   

  	
   

  
	
  CREI
  Building

  	
   

  	
  •      one
  per airport

  
	
   

  	
   

  	
   

  
	
  Emergency
  plants

  	
   

  	
  •      3
  per airport

  
	
   

  	
   

  	
   

  
	
  Control
  tower

  	
   

  	
  •      One
  per airport

  
	
   

  	
   

  	
   

  
	
  CREI

  	
   

  	
  •      One
  per airport

  
	
   

  	
   

  	
   

  
	
  Sidewalks
  and Walkways

  	
   

  	
  •      13.57m/hectare

  
	
   

  	
   

  	
   

  
	
  Water tanks

  	
   

  	
  •      45
  liters/person/

  
	
   

  	
   

  	
  •      3
  reserve days

  
	
   

  	
   

  	
   

  
	
  Support
  Vehicles

  	
   

  	
  •      0.20
  vehicles/daily operation

  

 

3

 

Exhibit 7

 

CHIHUAHUA AIRPORT

 

Appendix A

 

1.2.2.       In case the foregoing is not possible, all of those expenses which may
not be directly assigned to airport services, will be attributed in
consideration of the contribution to Regulatory Services revenues during the
last 5 fiscal years and if in the initial Period of 5 years it will be 85%.

 

1.3.2.       In case the foregoing is not possible and all the expenses related to
materials and consumables may not be directly assigned to Regulated Services,
they will be attributed considering the contribution to Regulatory Services
revenues during the last 5 fiscal years and if in the initial Period of 5 years
it will be 85%.

 

1.6.          Taxes and Rights:  They are
attributed considering the contribution to Regulated Services revenues during
the last 5 fiscal years; in the initial Period it will be 85%.

 

1.7.          Others: other expenses not exclusively attributed to Regulated Services
are attributed considering the contribution to Regulated Services revenues
during the last 5 fiscal years and in the initial Period of 5 years it will be
85%.

 

4

 

CHIHUAHUA AIRPORT

 

Appendix D

 

1.             The Airport Maximum Tariff for the first five
(5) years, the first Period, the parameters and the respective efficiency
factor will be the following:

 

	
  PERIOD

  	
   

  	
  YEAR

  	
   

  	
  REFERENCE

  VALUE(7)

  	
   

  	
  EFFICIENCY

  FACTOR

  (X)

  	
   

  	
  MAXIMUM

  TARIFF PER

  TRAFFIC UNIT(8)

  	
   

  	
  REAL

  DISCOUNT

  RATE(9)

  	
   

  
	
  1

  	
   

  	
  2001

  	
   

  	
  202,154.6

  	
   

  	
  1

  	
  %

  	
  85.14

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2002

  	
   

  	
  227,129.3

  	
   

  	
  1

  	
  %

  	
  84.45

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2003

  	
   

  	
  240,780.2

  	
   

  	
  1

  	
  %

  	
  83.45

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2004

  	
   

  	
  258,930.4

  	
   

  	
  1

  	
  %

  	
  82.61

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2005

  	
   

  	
  279,754.0

  	
   

  	
  1

  	
  %

  	
  81.79

  	
   

  	
  18

  	
  %

  
	
  2

  	
   

  	
  2006

  	
   

  	
  280,315.8

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  

 

(1)           Given in pesos from
December 31, 1998.

(2)           Given in pesos from
December 31, 1999, after having applied the corresponding efficiency
factor.  The traffic unit is passengers.

(3)           The discount Rate in
real terms and applied to cash flows before taxes.

 

5

 

SCHEDULE OF DIFFERENCES

 

Set
forth below are the differences in the Aeropuerto
de Ciudad Juárez, S.A. de C.V.’s Concession as compared to the
Aeropuerto de Monterrey, S.A. de C.V.’s Concession:

 

***

 

Antecedents

 

I.
“(i) Administrate, operate and utilize the international airport of Ciudad
Juárez, Chihuahua.”

 

III.
“The Concession Holder was incorporated in accordance with the Mexican laws, as
a variable stock company, by means of public deed number 44,357 dated May
28,1998, granted before Mr. Emiliano Zubiría Maqueo, Notary Public number 25 of
the Federal District, which first deed copy was registered on June 25, 1998
under folio number 238,751, of the Public Registry of Commerce and Property for
the City of Mexico. The Concession Holder appoints as domicile to receive
notices the one located at Km. 18.5 de la Carretera Panamericana, Ciudad Juárez
Centro, Distrito Bravo, C.P. 32690, A.P. 792, Mexico.”

 

V.
“Mr. Louis Priede Weston, legal representative of the Concession Holder has
sufficient authority, as evidenced by public deed No. 52,704 dated May 28,
1999, granted before Luis de Angoitia Becerra, Notary Public No. 109 of the
Federal District, which was first registered on August 31, 1999 under folio
number 238,749 of the Public Registry of Commerce and Property of the City of
Mexico, to execute this document and his authority has not been changed or
revoked in any way.”

 

2.             Chapter I. (Definitions): Concession Holder: Aeropuerto de Ciudad
Juárez, S.A. de C.V., a company
incorporated under Mexican law, holder of the rights included in this
Concession, which at the time of granting of this Concession, is a company of
majority state participation.

 

3.             Chapter II (Purpose, Extent and Real State
Regime):

 

2.1.1.
“A concession to administer, operate and utilize, as the case may be, carry out
the constructions in the civil aerodrome of the public services, located at Km.
18.5 de la Carretera Panamericana, Ciudad Juárez Centro, Distrito Bravo, C.P.
32690, A.P. 792, Mexico, in order to render the Services in the airport; and
which polygonal, Air Protection Area and Areas Distribution Plan are described
in Exhibit 1 hereto.”

 

2.2. Classification and Category.  The Airport is classified as an
international aerodrome of public services, terrestrial, with (OACI) 4D, (CREI)
VII, and (IFR) NPA category.

 

The Ministry may amend the classification and
category, previously listening to the Concession Holder, when the Airport does
no longer have the installations and services necessary hereunder or when
circumstances arise which merit said amendment and, consequently, it shall
inform the Concession Holder the conditions to which the rendering of services
in the Airport will be subject, in terms of its new classification.

 

 

Exhibit
Three to the Concession Title granted by the Federal Government, through the
Ministry of Communications and Transport, in favor of Aeropuerto de Ciudad
Juárez, S.A. de C.V.

 

STANDARDS USED IN THE
CALCULATION OF THE INVESTMENTS IN THE CIUDAD JUAREZ AIRPORT

 

Terminal

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
   

  	
   

  	
   

  
	
  Baggage Carrusel

  	
   

  	
  •      216 pieces of
  luggage/carousel/during peak hours

  
	
   

  	
   

  	
  •      1 piece of
  luggage per domestic passenger

  
	
   

  	
   

  	
  •      1.4 pieces of
  luggage per international passenger

  
	
   

  	
   

  	
  •      80m/band

  
	
   

  	
   

  	
   

  
	
  X-rays

  	
   

  	
  •      500
  php/machine

  
	
   

  	
   

  	
   

  
	
  Escalators

  	
   

  	
  •      600 php/step

  
	
   

  	
   

  	
   

  
	
  Elevators

  	
   

  	
  •      1,000
  php/elevator

  
	
   

  	
   

  	
   

  
	
  Ascending and descending sidewalks

  	
   

  	
  •      7.5 m wide

  
	
   

  	
   

  	
  •      0.39 m/php

  
	
   

  	
   

  	
   

  
	
  Lanes in front of the terminal

  	
   

  	
  •      3 lanes

  
	
   

  	
   

  	
  •      3m wide

  
	
   

  	
   

  	
   

  
	
  Taxi parking

  	
   

  	
  •      0.02
  taxis/php

  
	
   

  	
   

  	
   

  
	
  Passenger
  parking

  	
   

  	
  •      500 parking
  spaces/million exiting passengers

  
	
   

  	
   

  	
   

  
	
  Employee parking

  	
   

  	
  •      0.13 parking
  spaces/employee

  
	
   

  	
   

  	
  •      30m2/parking
  space

  
	
   

  	
   

  	
   

  
	
  Terminal
  Service Level

  	
   

  	
  •      D (10m2 per
  php)

  

 

Php=peak
hours passengers 

 

2

 

Air
Field

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
   

  	
   

  	
   

  
	
  Contact points

  	
   

  	
  •      75% php

  
	
   

  	
   

  	
   

  
	
  Passenger Mini-buses

  	
   

  	
  •      25% php

  
	
   

  	
   

  	
  •      60
  persons/mini-bus

  
	
   

  	
   

  	
   

  
	
  Access Ways

  	
   

  	
  •      2,400
  php/access lane

  
	
   

  	
   

  	
  •      Minimum of 2
  access ways

  
	
   

  	
   

  	
   

  
	
  Water Treatment Plant

  	
   

  	
  •      15
  liters/day/person

  
	
   

  	
   

  	
   

  
	
  CREI Building

  	
   

  	
  •      one per
  airport

  
	
   

  	
   

  	
   

  
	
  Emergency
  plants

  	
   

  	
  •      3 per airport

  
	
   

  	
   

  	
   

  
	
  Control tower

  	
   

  	
  •      One per
  airport

  
	
   

  	
   

  	
   

  
	
  CREI

  	
   

  	
  •      One per
  airport

  
	
   

  	
   

  	
   

  
	
  Sidewalks and Walkways

  	
   

  	
  •      13.57m/hectare

  
	
   

  	
   

  	
   

  
	
  Water tanks

  	
   

  	
  •      45
  liters/person/day

  
	
   

  	
   

  	
  •      3 reserve
  days

  
	
   

  	
   

  	
   

  
	
  Support Vehicles

  	
   

  	
  •      0.20
  vehicles/daily operation

  

 

3

 

Exhibit 7

 

CIUDAD JUAREZ AIRPORT

 

Appendix A

 

1.2.2.       In case the foregoing is not possible, all of those expenses which may
not be directly assigned to airport services, will be attributed in
consideration of the contribution to Regulatory Services revenues during the
last 5 fiscal years and if in the initial Period of 5 years it will be 85%.

 

1.3.2.       In case the foregoing is not possible and all the expenses related to
materials and consumables may not be directly assigned to Regulated Services,
they will be attributed considering the contribution to Regulatory Services
revenues during the last 5 fiscal years and if in the initial Period of 5 years
it will be 85%.

 

1.6.          Taxes and Rights:  They are
attributed considering the contribution to Regulated Services revenues during
the last 5 fiscal years; in the initial Period it will be 85%.

 

1.7.          Others: other expenses not exclusively attributed to Regulated Services
are attributed considering the contribution to Regulated Services revenues
during the last 5 fiscal years and in the initial Period of 5 years it will be
85%.

 

4

 

CIUDAD JUAREZ AIRPORT

 

Appendix D

 

1.             The Airport Maximum Tariff for the first five
(5) years, the first Period, the parameters and the respective efficiency
factor will be the following:

 

	
  PERIOD

  	
   

  	
  YEAR

  	
   

  	
  REFERENCE

  VALUE(10)

  	
   

  	
  EFFICIENCY

  FACTOR

  (X)

  	
   

  	
  MAXIMUM

  TARIFF PER

  TRAFFIC UNIT(11)

  	
   

  	
  REAL

  DISCOUNT

  RATE(12)

  	
   

  
	
  1

  	
   

  	
  2001

  	
   

  	
  163,411.2

  	
   

  	
  1

  	
  %

  	
  70.79

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2002

  	
   

  	
  183,536.2

  	
   

  	
  1

  	
  %

  	
  70.08

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2003

  	
   

  	
  198,163.5

  	
   

  	
  1

  	
  %

  	
  69.38

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2004

  	
   

  	
  210,433.8

  	
   

  	
  1

  	
  %

  	
  68.68

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2005

  	
   

  	
  217,208.9

  	
   

  	
  1

  	
  %

  	
  68.00

  	
   

  	
  18

  	
  %

  
	
  2

  	
   

  	
  2006

  	
   

  	
  220,357.9

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  

 

(1)           Given in pesos from
December 31, 1998.

(2)           Given in pesos from
December 31, 1999, after having applied the corresponding efficiency
factor.  The traffic unit is passengers.

(3)           The discount Rate in
real terms and applied to cash flows before taxes.

 

5

 

SCHEDULE OF DIFFERENCES

 

Set
forth below are the differences in the Aeropuerto
de Culiacán, S.A. de C.V.’s Concession as compared to the Aeropuerto
de Monterrey, S.A. de C.V.’s Concession:

 

***

 

Antecedents

 

I.
“(i) Administrate, operate and utilize the international airport of Culiacán,
Sinaloa.”

 

III.
“The Concession Holder was incorporated in accordance with the Mexican laws, as
a variable stock company, by means of public deed number 44,359 dated May
28,1998, granted before Mr. Emiliano Zubiría Maqueo, Notary Public number 25 of
the Federal District, which first deed copy was registered on June 25, 1998
under folio number 238,753, of the Public Registry of Commerce and Property for
the City of Mexico. The Concession Holder appoints as domicile to receive
notices the one located at Carretera Navolato Km. 45, Col. Bachigualato,
Culiacán, Sinaloa, C.P. 80130, A.P. 594, Mexico.”

 

V.
“Mr. Louis Priede Weston, legal representative of the Concession Holder has
sufficient authority, as evidenced by public deed No. 52,704 dated May 28,
1999, granted before Luis de Angoitia Becerra, Notary Public No. 109 of the
Federal District, which was first registered on August 31, 1999 under folio
number 238,749 of the Public Registry of Commerce and Property of the City of
Mexico, to execute this document and his authority has not been changed or
revoked in any way.”

 

2.             Chapter I. (Definitions): Concession Holder: Aeropuerto de Culiacán,
S.A. de C.V., a company
incorporated under Mexican law, holder of the rights included in this
Concession, which at the time of granting of this Concession, is a company of
majority state participation.

 

3.             Chapter II (Purpose, Extent and Real State
Regime):

 

2.1.1.
“A concession to administer, operate and utilize, as the case may be, carry out
the constructions in the civil aerodrome of the public services, located at
Carretera Navolato Km. 45, Col. Bachigualato, Culiacán, Sinaloa, C.P. 80130,
A.P. 594, Mexico, in order to render the Services in the airport; and which
polygonal, Air Protection Area and Areas Distribution Plan are described in Exhibit 1 hereto.”

 

2.2. Classification and Category.  The Airport is classified as an
international aerodrome of public services, terrestrial, with (OACI) 4D, (CREI)
VII, and (IFR) NPA category.

 

The Ministry may amend the classification and
category, previously listening to the Concession Holder, when the Airport does
no longer have the installations and services necessary hereunder or when
circumstances arise which merit said amendment and, consequently, it shall
inform the Concession Holder the conditions to which the rendering of services
in the Airport will be subject, in terms of its new classification.

 

 

Exhibit
Three to the Concession Title granted by the Federal Government, through the
Ministry of Communications and Transport, in favor of Aeropuerto de Culiacán,
S.A. de C.V.

 

STANDARDS USED IN THE
CALCULATION OF THE INVESTMENTS IN THE CUILIACAN AIRPORT

 

Terminal

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
   

  	
   

  	
   

  
	
  Baggage Carrusel

  	
   

  	
  •      216 pieces of
  luggage/carousel/during peak hours

  
	
   

  	
   

  	
  •      1 piece of
  luggage per domestic passenger

  
	
   

  	
   

  	
  •      1.4 pieces of
  luggage per international passenger

  
	
   

  	
   

  	
  •      80m/band

  
	
   

  	
   

  	
   

  
	
  X-rays

  	
   

  	
  •      500 php/machine

  
	
   

  	
   

  	
   

  
	
  Ascending and descending sidewalks

  	
   

  	
  •      7.5 m wide

  
	
   

  	
   

  	
  •      0.39 m/php

  
	
   

  	
   

  	
   

  
	
  Lanes in front of the terminal

  	
   

  	
  •      3 lanes

  
	
   

  	
   

  	
  •      3m wide

  
	
   

  	
   

  	
   

  
	
  Taxi parking

  	
   

  	
  •      0.02
  taxis/php

  
	
   

  	
   

  	
   

  
	
  Passenger
  parking

  	
   

  	
  •      500 parking
  spaces/million exiting passengers

  
	
   

  	
   

  	
   

  
	
  Employee parking

  	
   

  	
  •      0.13 parking
  spaces/employee

  
	
   

  	
   

  	
  •      30m2/parking
  space

  
	
   

  	
   

  	
   

  
	
  Terminal
  Service Level

  	
   

  	
  •      C (12m2 per
  php)

  

 

Php=peak hours passengers 

 

2

 

Air
Field

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
   

  	
   

  	
   

  
	
  Passenger Mini-buses

  	
   

  	
  •      25% php

  
	
   

  	
   

  	
  •      60
  persons/mini-bus

  
	
   

  	
   

  	
   

  
	
  Access Ways

  	
   

  	
  •      2,400
  php/access lane

  
	
   

  	
   

  	
  •      Minimum of 2
  access ways

  
	
   

  	
   

  	
   

  
	
  Water Treatment Plant

  	
   

  	
  •      15
  liters/day/person

  
	
   

  	
   

  	
   

  
	
  CREI Building

  	
   

  	
  •      one per
  airport

  
	
   

  	
   

  	
   

  
	
  Emergency
  plants

  	
   

  	
  •      3 per airport

  
	
   

  	
   

  	
   

  
	
  Control tower

  	
   

  	
  •      One per
  airport

  
	
   

  	
   

  	
   

  
	
  CREI

  	
   

  	
  •      One per
  airport

  
	
   

  	
   

  	
   

  
	
  Sidewalks and Walkways

  	
   

  	
  •      13.57m/hectare

  
	
   

  	
   

  	
   

  
	
  Water tanks

  	
   

  	
  •      45
  liters/person/day

  
	
   

  	
   

  	
  •      3 reserve
  days

  
	
   

  	
   

  	
   

  
	
  Support Vehicles

  	
   

  	
  •      0.20
  vehicles/daily operation

  

 

3

 

Exhibit 7

 

CULIACÁN AIRPORT

 

Appendix A

 

1.2.2.       In case the foregoing is not possible, all of those expenses which may
not be directly assigned to airport services, will be attributed in
consideration of the contribution to Regulatory Services revenues during the
last 5 fiscal years and if in the initial Period of 5 years it will be 85%.

 

1.3.2.       In case the foregoing is not possible and all the expenses related to
materials and consumables may not be directly assigned to Regulated Services,
they will be attributed considering the contribution to Regulatory Services
revenues during the last 5 fiscal years and if in the initial Period of 5 years
it will be 85%.

 

1.6.          Taxes and Rights:  They are
attributed considering the contribution to Regulated Services revenues during
the last 5 fiscal years; in the initial Period it will be 85%.

 

1.7.          Others: other expenses not exclusively attributed to Regulated Services
are attributed considering the contribution to Regulated Services revenues
during the last 5 fiscal years and in the initial Period of 5 years it will be
85%.

 

4

 

CULIACÁN AIRPORT

 

Appendix D

 

1.             The Airport Maximum Tariff for the first five
(5) years, the first Period, the parameters and the respective efficiency
factor will be the following:

 

	
  PERIOD

  	
   

  	
  YEAR

  	
   

  	
  REFERENCE

  VALUE

  	
   

  	
  EFFICIENCY

  FACTOR

  (X)

  	
   

  	
  MAXIMUM

  TARIFF PER

  TRAFFIC UNIT

  	
   

  	
  REAL

  DISCOUNT

  RATE

  	
   

  
	
  1

  	
   

  	
  2001

  	
   

  	
  254,195.7

  	
   

  	
  1

  	
  %

  	
  81.18

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2002

  	
   

  	
  272,546.7

  	
   

  	
  1

  	
  %

  	
  80.37

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2003

  	
   

  	
  288,143.9

  	
   

  	
  1

  	
  %

  	
  79.56

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2004

  	
   

  	
  296,912.7

  	
   

  	
  1

  	
  %

  	
  78.77

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2005

  	
   

  	
  299,427.3

  	
   

  	
  1

  	
  %

  	
  77.98

  	
   

  	
  18

  	
  %

  
	
  2

  	
   

  	
  2006

  	
   

  	
  302,396.0

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  

 

5

 

SCHEDULE OF DIFFERENCES

 

Set
forth below are the differences in the Aeropuerto
de Durango, S.A. de C.V.’s Concession as compared to the Aeropuerto
de Monterrey, S.A. de C.V.’s Concession:

 

***

 

Antecedents

 

I.
“(i) Administrate, operate and utilize the international airport of Durango,
Durango.”

 

III.
“The Concession Holder was incorporated in accordance with the Mexican laws, as
a variable stock company, by means of public deed number 44,362 dated May
28,1998, granted before Mr. Emiliano Zubiría Maqueo, Notary Public number 25 of
the Federal District, which first deed copy was registered on June 25, 1998
under folio number 238,591, of the Public Registry of Commerce and Property for
the City of Mexico. The Concession Holder appoints as domicile to receive
notices the one located at Km. 15.5 de la Autopista Durango Gómez Palacios,
Durango Durango, C.P. 34304, A.P. 422, Mexico.”

 

V.
“Mr. Louis Priede Weston, legal representative of the Concession Holder has
sufficient authority, as evidenced by public deed No. 52,704 dated May 28,
1999, granted before Luis de Angoitia Becerra, Notary Public No. 109 of the
Federal District, which was first registered on August 31, 1999 under folio
number 238,749 of the Public Registry of Commerce and Property of the City of
Mexico, to execute this document and his authority has not been changed or
revoked in any way.”

 

2.             Chapter I. (Definitions): Concession Holder: Aeropuerto de Durango,
S.A. de C.V., a company
incorporated under Mexican law, holder of the rights included in this
Concession, which at the time of granting of this Concession, is a company of
majority state participation.

 

3.             Chapter II (Purpose, Extent and Real State
Regime):

 

2.1.1.
“A concession to administer, operate and utilize, as the case may be, carry out
the constructions in the civil aerodrome of the public services, located at Km.
15.5 de la Autopista Durango Gómez Palacios, Durango Durango, C.P. 34304, A.P.
422, Mexico, in order to render the Services in the airport; and which
polygonal, Air Protection Area and Areas Distribution Plan are described in Exhibit 1 hereto.”

 

2.2. Classification and Category.  The Airport is classified as an
international aerodrome of public services, terrestrial, with (OACI) 4D, (CREI)
VI, and (IFR) PA1 category.

 

The Ministry may amend the classification and
category, previously listening to the Concession Holder, when the Airport does
no longer have the installations and services necessary hereunder or when
circumstances arise which merit said amendment and, consequently, it shall
inform the Concession Holder the conditions to which the rendering of services
in the Airport will be subject, in terms of its new classification.

 

 

Exhibit
Three to the Concession Title granted by the Federal Government, through the
Ministry of Communications and Transport, in favor of Aeropuerto de Durango,
S.A. de C.V.

 

STANDARDS USED IN THE
CALCULATION OF THE INVESTMENTS IN THE DURANGO AIRPORT

 

Terminal

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
   

  	
   

  	
   

  
	
  Baggage Carrusel

  	
   

  	
  •      216 pieces of
  luggage/carousel/during peak hours

  
	
   

  	
   

  	
  •      1 piece of
  luggage per domestic passenger

  
	
   

  	
   

  	
  •      1.4 pieces of
  luggage per international passenger

  
	
   

  	
   

  	
  •      80m/band

  
	
   

  	
   

  	
   

  
	
  X-rays

  	
   

  	
  •      500
  php/machine

  
	
   

  	
   

  	
   

  
	
  Ascending and descending sidewalks

  	
   

  	
  •      7.5 m wide

  
	
   

  	
   

  	
  •      0.39 m/php

  
	
   

  	
   

  	
   

  
	
  Lanes in front of the terminal

  	
   

  	
  •      3 lanes

  
	
   

  	
   

  	
  •      3m wide

  
	
   

  	
   

  	
   

  
	
  Taxi parking

  	
   

  	
  •      0.02
  taxis/php

  
	
   

  	
   

  	
   

  
	
  Passenger
  parking

  	
   

  	
  •      500 parking
  spaces/million exiting passengers

  
	
   

  	
   

  	
   

  
	
  Employee parking

  	
   

  	
  •      0.13 parking
  spaces/employee

  
	
   

  	
   

  	
  •      30m2/parking
  space

  
	
   

  	
   

  	
   

  
	
  Terminal
  Service Level

  	
   

  	
  •      E (8m2 per
  php)

  

 

Php=peak hours passengers 

 

2

 

Air
Field

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
   

  	
   

  	
   

  
	
  Passenger Mini-buses

  	
   

  	
  •      25% php

  
	
   

  	
   

  	
  •      60
  persons/mini-bus

  
	
   

  	
   

  	
   

  
	
  Access Ways

  	
   

  	
  •      2,400
  php/access lane

  
	
   

  	
   

  	
  •      Minimum of 2
  access ways

  
	
   

  	
   

  	
   

  
	
  Water Treatment Plant

  	
   

  	
  •      15 liters/day/person

  
	
   

  	
   

  	
   

  
	
  CREI Building

  	
   

  	
  •      one per
  airport

  
	
   

  	
   

  	
   

  
	
  Emergency
  plants

  	
   

  	
  •      3 per airport

  
	
   

  	
   

  	
   

  
	
  Control tower

  	
   

  	
  •      One per
  airport

  
	
   

  	
   

  	
   

  
	
  CREI

  	
   

  	
  •      One per
  airport

  
	
   

  	
   

  	
   

  
	
  Sidewalks and Walkways

  	
   

  	
  •      13.57m/hectare

  
	
   

  	
   

  	
   

  
	
  Water tanks

  	
   

  	
  •      45
  liters/person/day

  
	
   

  	
   

  	
  •      3 reserve days

  
	
   

  	
   

  	
   

  
	
  Support Vehicles

  	
   

  	
  •      0.20
  vehicles/daily operation

  

 

3

 

Exhibit 7

 

DURANGO AIRPORT

 

Appendix A

 

1.2.2.       In case the foregoing is not possible, all of those expenses which may
not be directly assigned to airport services, will be attributed in
consideration of the contribution to Regulatory Services revenues during the
last 5 fiscal years and if in the initial Period of 5 years it will be 85%.

 

1.3.2.       In case the foregoing is not possible and all the expenses related to
materials and consumables may not be directly assigned to Regulated Services,
they will be attributed considering the contribution to Regulatory Services
revenues during the last 5 fiscal years and if in the initial Period of 5 years
it will be 85%.

 

1.6.          Taxes and Rights:  They are
attributed considering the contribution to Regulated Services revenues during
the last 5 fiscal years; in the initial Period it will be 85%.

 

1.7.          Others: other expenses not exclusively attributed to Regulated Services
are attributed considering the contribution to Regulated Services revenues
during the last 5 fiscal years and in the initial Period of 5 years it will be
85%.

 

4

 

DURANGO AIRPORT

 

Appendix D

 

1.             The Airport Maximum Tariff for the first five
(5) years, the first Period, the parameters and the respective efficiency
factor will be the following:

 

	
  PERIOD

  	
   

  	
  YEAR

  	
   

  	
  REFERENCE

  VALUE

  	
   

  	
  EFFICIENCY

  FACTOR

  (X)

  	
   

  	
  MAXIMUM

  TARIFF PER

  TRAFFIC UNIT

  	
   

  	
  REAL

  DISCOUNT

  RATE

  	
   

  
	
  1

  	
   

  	
  2001

  	
   

  	
  52,869.8

  	
   

  	
  1

  	
  %

  	
  90.09

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2002

  	
   

  	
  72,105.9

  	
   

  	
  1

  	
  %

  	
  89.19

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2003

  	
   

  	
  82,160.7

  	
   

  	
  1

  	
  %

  	
  88.30

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2004

  	
   

  	
  85,613.2

  	
   

  	
  1

  	
  %

  	
  87.41

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2005

  	
   

  	
  85,856.5

  	
   

  	
  1

  	
  %

  	
  86.54

  	
   

  	
  18

  	
  %

  
	
  2

  	
   

  	
  2006

  	
   

  	
  85,303.5

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  

 

5

 

SCHEDULE OF DIFFERENCES

 

Set
forth below are the differences in the Aeropuerto
de Mazatlán, S.A. de C.V.’s Concession as compared to the Aeropuerto
de Monterrey, S.A. de C.V.’s Concession:

 

***

 

Antecedents

 

I.
“(i) Administrate, operate and utilize the international airport of Mazatlán,
Sinaloa.”

 

III.
“The Concession Holder was incorporated in accordance with the Mexican laws, as
a variable stock company, by means of public deed number 44,355 dated May
28,1998, granted before Mr. Emiliano Zubiría Maqueo, Notary Public number 25 of
the Federal District, which first deed copy was registered on June 25, 1998
under folio number 238,749, of the Public Registry of Commerce and Property for
the City of Mexico. The Concession Holder appoints as domicile to receive
notices the one located at Carretera Internacional al Sur S/N, Mazatlán,
Sinaloa, C.P. 82000, A.P. 475, Mexico.”

 

V.
“Mr. Louis Priede Weston, legal representative of the Concession Holder has
sufficient authority, as evidenced by public deed No. 52,704 dated May 28,
1999, granted before Luis de Angoitia Becerra, Notary Public No. 109 of the
Federal District, which was first registered on August 31, 1999 under folio
number 238,749 of the Public Registry of Commerce and Property of the City of
Mexico, to execute this document and his authority has not been changed or
revoked in any way.”

 

2.             Chapter I. (Definitions): Concession Holder: Aeropuerto de Mazatlán,
S.A. de C.V., a company
incorporated under Mexican law, holder of the rights included in this
Concession, which at the time of granting of this Concession, is a company of
majority state participation.

 

3.             Chapter II (Purpose, Extent and Real State
Regime):

 

2.1.1.
“A concession to administer, operate and utilize, as the case may be, carry out
the constructions in the civil aerodrome of the public services, located at
Carretera Internacional al Sur S/N, Mazatlán, Sinaloa, C.P. 82000, A.P. 475,
Mexico, in order to render the Services in the airport; and which polygonal,
Air Protection Area and Areas Distribution Plan are described in Exhibit 1 hereto.”

 

2.2. Classification and Category.  The Airport is classified as an
international aerodrome of public services, terrestrial, with (OACI) 4D, (CREI)
VII, and (IFR) PA1 category.

 

The Ministry may amend the classification and category, previously
listening to the Concession Holder, when the Airport does no longer have the
installations and services necessary hereunder or when circumstances arise
which merit said amendment and, consequently, it shall inform the Concession
Holder the conditions to which the rendering of services in the Airport will be
subject, in terms of its new classification.

 

 

Exhibit
Three to the Concession Title granted by the Federal Government, through the
Ministry of Communications and Transport, in favor of Aeropuerto de Mazatlán,
S.A. de C.V.

 

STANDARDS USED IN THE
CALCULATION OF THE INVESTMENTS IN THE MAZATLÁN AIRPORT

 

Terminal

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
   

  	
   

  	
   

  
	
  Baggage Carrusel

  	
   

  	
  •      216 pieces of
  luggage/carousel/during peak hours

  
	
   

  	
   

  	
  •      1 piece of
  luggage per domestic passenger

  
	
   

  	
   

  	
  •      1.4 pieces of
  luggage per international passenger

  
	
   

  	
   

  	
  •      80m/band

  
	
   

  	
   

  	
   

  
	
  X-rays

  	
   

  	
  •      500
  php/machine

  
	
   

  	
   

  	
   

  
	
  Escalators

  	
   

  	
  •      600 php/step

  
	
   

  	
   

  	
   

  
	
  Elevators

  	
   

  	
  •      1,000
  php/elevator

  
	
   

  	
   

  	
   

  
	
  Ascending and descending sidewalks

  	
   

  	
  •      7.5 m wide

  
	
   

  	
   

  	
  •      0.39 m/php

  
	
   

  	
   

  	
   

  
	
  Lanes in front of the terminal

  	
   

  	
  •      3 lanes

  
	
   

  	
   

  	
  •      3m wide

  
	
   

  	
   

  	
   

  
	
  Taxi parking

  	
   

  	
  •      0.02
  taxis/php

  
	
   

  	
   

  	
   

  
	
  Passenger
  parking

  	
   

  	
  •      500 parking
  spaces/million exiting passengers

  
	
   

  	
   

  	
   

  
	
  Employee parking

  	
   

  	
  •      0.13 parking
  spaces/employee

  
	
   

  	
   

  	
  •      30m2/parking
  space

  
	
   

  	
   

  	
   

  
	
  Terminal
  Service Level

  	
   

  	
  •      C (12m2 per
  php)

  

 

Php=peak
hours passengers 

 

2

 

Air
Field

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
   

  	
   

  	
   

  
	
  Contact points

  	
   

  	
  •      75% php

  
	
   

  	
   

  	
   

  
	
  Passenger Mini-buses

  	
   

  	
  •      25% php

  
	
   

  	
   

  	
  •      60
  persons/mini-bus

  
	
   

  	
   

  	
   

  
	
  Access Ways

  	
   

  	
  •      2,400
  php/access lane

  
	
   

  	
   

  	
  •      Minimum of 2
  access ways

  
	
   

  	
   

  	
   

  
	
  Water Treatment Plant

  	
   

  	
  •      15
  liters/day/person

  
	
   

  	
   

  	
   

  
	
  CREI Building

  	
   

  	
  •      one per
  airport

  
	
   

  	
   

  	
   

  
	
  Emergency
  plants

  	
   

  	
  •      3 per airport

  
	
   

  	
   

  	
   

  
	
  Control tower

  	
   

  	
  •      One per
  airport

  
	
   

  	
   

  	
   

  
	
  CREI

  	
   

  	
  •      One per
  airport

  
	
   

  	
   

  	
   

  
	
  Sidewalks and Walkways

  	
   

  	
  •      13.57m/hectare

  
	
   

  	
   

  	
   

  
	
  Water tanks

  	
   

  	
  •      45
  liters/person/day

  
	
   

  	
   

  	
  •      3 reserve
  days

  
	
   

  	
   

  	
   

  
	
  Support Vehicles

  	
   

  	
  •      0.20
  vehicles/daily operation

  

 

3

 

Exhibit 7

 

MAZATLÁN AIRPORT

 

Appendix A

 

1.2.2.       In case the foregoing is not possible, all of those expenses which may
not be directly assigned to airport services, will be attributed in
consideration of the contribution to Regulatory Services revenues during the
last 5 fiscal years and if in the initial Period of 5 years it will be 80%.

 

1.3.2.       In case the foregoing is not possible and all the expenses related to
materials and consumables may not be directly assigned to Regulated Services,
they will be attributed considering the contribution to Regulatory Services
revenues during the last 5 fiscal years and if in the initial Period of 5 years
it will be 80%.

 

1.6.          Taxes and Rights:  They are
attributed considering the contribution to Regulated Services revenues during
the last 5 fiscal years; in the initial Period it will be 80%.

 

1.7.          Others: other expenses not exclusively attributed to Regulated Services
are attributed considering the contribution to Regulated Services revenues
during the last 5 fiscal years and in the initial Period of 5 years it will be
80%.

 

4

 

 

MAZATLÁN AIRPORT

 

Appendix D

 

1.             The
Airport Maximum Tariff for the first five (5) years, the first Period, the
parameters and the respective efficiency factor will be the following:

 

	
  PERIOD

  	
   

  	
  YEAR

  	
   

  	
  REFERENCE

  VALUE(13)

  	
   

  	
  EFFICIENCY

  FACTOR

  (X)

  	
   

  	
  MAXIMUM

  TARIFF PER

  TRAFFIC UNIT(14)

  	
   

  	
  REAL

  DISCOUNT

  RATE(15)

  	
   

  
	
  1

  	
   

  	
  2001

  	
   

  	
  239,997.9

  	
   

  	
  1

  	
  %

  	
  80.19

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2002

  	
   

  	
  260,790.8

  	
   

  	
  1

  	
  %

  	
  79.39

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2003

  	
   

  	
  278,478.5

  	
   

  	
  1

  	
  %

  	
  78.59

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2004

  	
   

  	
  293,216.4

  	
   

  	
  1

  	
  %

  	
  77.81

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2005

  	
   

  	
  320,626.8

  	
   

  	
  1

  	
  %

  	
  77.03

  	
   

  	
  18

  	
  %

  
	
  2

  	
   

  	
  2006

  	
   

  	
  333,021.2

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  

 

(1)           Given
in pesos from December 31, 1998.

(2)           Given
in pesos from December 31, 1999, after having applied the corresponding
efficiency factor.  The traffic unit is
passengers.

(3)           The
discount Rate in real terms and applied to cash flows before taxes.

 

5

 

SCHEDULE OF DIFFERENCES

 

Set
forth below are the differences in the Aeropuerto de Reynosa,
S.A. de C.V.’s Concession as compared to the Aeropuerto de Monterrey, S.A. de C.V.’s Concession:

 

***

 

Antecedents

 

I."(i)
Administrate, operate and utilize the international airport of Reynosa,
Tamaulipas."

 

III.
"The Concession Holder was incorporated in accordance with the Mexican
laws, as a variable stock company, by means of public deed number 44,364 dated
May 28,1998, granted before Mr. Emiliano Zubiria Maqueo, Notary Public number
25 of the Federal District, which first deed copy was registered on June 25,
1998 under folio number 238,593 of the Public Registry of Commerce and Property
for the City of Mexico. The Concession Holder appoints as domicile to receive
notices the one located at Km. 83 de la Carretera a Matamoros-Mazatlán,
Reynosa, Tamaulipas, C.P. 88790, A.P. 1676, Mexico."

 

V. "Mr. Louis Priede Weston, legal representative of the Concession
Holder has sufficient authority, as evidenced by public deed No. 52,704 dated
May 28, 1999, granted before Luis de Angoitia Becerra, Notary Public No. 109 of
the Federal District, which first deed copy was registered on August 31, 1999
under folio number 237,749 of the Public Registry of Commerce and Property of
the City of Mexico, to execute this document and his authority has not been
changed or revoked in any way."

 

2.             Chapter I. (Definitions): Concession
Holder: Aeropuerto de Reynosa, S.A. de C.V., a company
incorporated under Mexican law, holder of the rights included in this
Concession, which at the time of granting of this Concession, is a company of
majority state participation.

 

3.             Chapter II (Purpose, Extent and Real State
Regime):

 

2.1.1.
"A concession to administer, operate and utilize, as the case may be,
carry out the constructions in the civil aerodrome of the public services,
located at Km. 83 de la Carretera a Matamoros-Mazatlán, Reynosa, Tamaulipas,
C.P. 88790, A.P. 1676, Mexico, in order to render the Services in the airport;
and which polygonal, Air Protection Area and Areas Distribution Plan are
described in Exhibit 1 hereto."

 

2.2. Classification and Category. The Airport is classified as an international
aerodrome of public services, terrestrial, with (OACI) 4D, (CREI) VI, and (IFR)
PA1 category.

 

The Ministry may amend the classification and
category, previously listening to the Concession Holder, when the Airport does
no longer have the installations and services necessary hereunder or when
circumstances arise which merit said amendment and, consequently, it shall
inform the Concession Holder the conditions to which the rendering of services
in the Airport will be subject, in terms of its new classification.

 

 

Exhibit
Three to the Concession Title granted by the Federal Government, through the
Ministry of Communications and Transport, in favor of Aeropuerto de Reynosa,
S.A. de C.V.

 

STANDARDS USED IN THE
CALCULATION OF THE INVESTMENTS IN THE REYNOSA AIRPORT

 

Terminal

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
  Baggage Carrusel

  	
   

  	
  •       216
  pieces of luggage/carousel/during peak hours 

  •       1
  piece of luggage per domestic passenger 

  •       1.4
  pieces of luggage per international passenger 

  •       80m/band
   

  
	
  X-rays

  	
   

  	
  •       500
  php/machine  

  
	
  Ascending and descending sidewalks

  	
   

  	
  •       7.5
  m wide 

  •       0.39
  m/php  

  
	
  Lanes in front of the terminal

  	
   

  	
  •       3 lanes

  •       3m wide

  
	
  Taxi parking

  	
   

  	
  •       0.02 taxis/php

  
	
  Passenger parking

  	
   

  	
  •       500 parking spaces/million exiting
  passengers

  
	
  Employee parking

  	
   

  	
  •       0.13
  parking spaces/employee

  •       30m2/parking
  space

  
	
  Terminal Service Level

  	
   

  	
  •       E (8m2 per php)

  

php=peak
hours passengers

 

2

 

Air
Field

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
  Passenger Mini-buses

  	
   

  	
  •      25%
  php

  •      60
  persons/mini-bus

  
	
  Access Ways

  	
   

  	
  •      2,400
  php/access lane

  •      Minimum
  of 2 access ways

  
	
  Water Treatment Plant

  	
   

  	
  •      15
  liters/day/person

  
	
  CREI Building

  	
   

  	
  •      one
  per airport  

  
	
  Emergency plants

  	
   

  	
  •      3 per airport

  
	
  Control tower

  	
   

  	
  •      One per airport

  
	
  CREI

  	
   

  	
  •      One per airport

  
	
  Sidewalks and Walkways

  	
   

  	
  •      13.57m/hectare

  
	
  Water tanks

  	
   

  	
  •      45
  liters/person/day

  •      3
  reserve days  

  
	
  Support Vehicles

  	
   

  	
  •      0.20
  vehicles/daily operation

  

 

3

 

Exhibit
7

 

REYNOSA AIRPORT

 

Appendix A

 

1.2.2.       In
case the foregoing is not possible, all of those expenses which may not be
directly assigned to airport services, will be attributed in consideration of
the contribution to Regulatory Services revenues during the last 5 fiscal years
and if in the initial Period of 5 years it will be 85%.

 

1.3.2.       In
case the foregoing is not possible and all the expenses related to materials
and consumables may not be directly assigned to Regulated Services, they will
be attributed considering the contribution to Regulatory Services revenues
during the last 5 fiscal years and if in the initial Period of 5 years it will
be 85%.

 

1.6.          Taxes
and Rights:  They are attributed
considering the contribution to Regulated Services revenues during the last 5
fiscal years; in the initial Period it will be 85%.

 

1.7.          Others:
other expenses not exclusively attributed to Regulated Services are attributed
considering the contribution to Regulated Services revenues during the last 5
fiscal years and in the initial Period of 5 years it will be 85%.

 

4

 

REYNOSA AIRPORT

 

Appendix D

 

1.             The
Airport Maximum Tariff for the first five (5) years, the first Period, the
parameters and the respective efficiency factor will be the following:

 

	
  PERIOD

  	
   

  	
  YEAR

  	
   

  	
  REFERENCE

  VALUE(16)

  	
   

  	
  EFFICIENCY

  FACTOR

  (X)

  	
   

  	
  MAXIMUM

  TARIFF PER

  TRAFFIC UNIT(17)

  	
   

  	
  REAL

  DISCOUNT

  RATE(18)

  	
   

  
	
  1

  	
   

  	
  2001

  	
   

  	
  14,683.9

  	
   

  	
  1

  	
  %

  	
  88.61

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2002

  	
   

  	
  18,537.9

  	
   

  	
  1

  	
  %

  	
  87.72

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2003

  	
   

  	
  23,734.6

  	
   

  	
  1

  	
  %

  	
  86.84

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2004

  	
   

  	
  25,309.2

  	
   

  	
  1

  	
  %

  	
  85.97

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2005

  	
   

  	
  34,759.7

  	
   

  	
  1

  	
  %

  	
  85.11

  	
   

  	
  18

  	
  %

  
	
  2

  	
   

  	
  2006

  	
   

  	
  34,725.8

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  

 

(1)           Given
in pesos from December 31, 1998.

(2)           Given
in pesos from December 31, 1999, after having applied the corresponding
efficiency factor.  The traffic unit is
passengers.

(3)           The
discount Rate in real terms and applied to cash flows before taxes.

 

5

 

SCHEDULE OF DIFFERENCES

 

Set
forth below are the differences in the Aeropuerto de San Luis
Potosí, S.A. de C.V.’s Concession as compared to the Aeropuerto de
Monterrey, S.A. de C.V.’s Concession:

 

***

 

Antecedents

 

I."(i)
Administrate, operate and utilize the international airport of San Luis Potosí,
San Luis Potosí."

 

III.
"The Concession Holder was incorporated in accordance with the Mexican
laws, as a variable stock company, by means of public deed number 44,367 dated
May 28,1998, granted before Mr. Emiliano Zubiria Maqueo, Notary Public number
25 of the Federal District, which first deed copy was registered on June 25,
1998 under folio number 238,596 of the Public Registry of Commerce and Property
for the City of Mexico. The Concession Holder appoints as domicile to receive
notices the one located at Km. 9.5 de la Carretera a Matehuala, San Luis
Potosí, San Luis Potosí, A.P. 1412, Mexico."

 

V. "Mr. Louis Priede Weston, legal representative of the Concession
Holder has sufficient authority, as evidenced by public deed No. 52,704 dated
May 28, 1999, granted before Luis de Angoitia Becerra, Notary Public No. 109 of
the Federal District, which first deed copy was registered on August 31, 1999
under folio number 237,749 of the Public Registry of Commerce and Property of
the City of Mexico, to execute this document and his authority has not been
changed or revoked in any way."

 

2.             Chapter I. (Definitions): Concession
Holder: Aeropuerto de San Luis Potosí, S.A. de C.V., a
company incorporated under Mexican law, holder of the rights included in this
Concession, which at the time of granting of this Concession, is a company of
majority state participation.

 

3.             Chapter II (Purpose, Extent and Real State
Regime):

 

2.1.1.
"A concession to administer, operate and utilize, as the case may be,
carry out the constructions in the civil aerodrome of the public services,
located at Km. 9.5 de la Carretera a Matehuala, San Luis Potosí, San Luis
Potosí, A.P. 1412, Mexico, in order to render the Services in the airport; and
which polygonal, Air Protection Area and Areas Distribution Plan are described
in Exhibit 1 hereto."

 

2.2. Classification and Category. The Airport is classified as an international
aerodrome of public services, terrestrial, with (OACI) 4D, (CREI) VI, and (IFR)
PA1 category.

 

The Ministry may amend the classification and
category, previously listening to the Concession Holder, when the Airport does
no longer have the installations and services necessary hereunder or when
circumstances arise which merit said amendment and, consequently, it shall
inform the Concession Holder the conditions to which the rendering of services
in the Airport will be subject, in terms of its new classification.

 

 

Exhibit
Three to the Concession Title granted by the Federal Government, through the
Ministry of Communications and Transport, in favor of Aeropuerto de San Luis
Potosí, S.A. de C.V.

 

STANDARDS USED IN THE
CALCULATION OF THE INVESTMENTS IN THE SAN LUIS POTOSÍ AIRPORT

 

Terminal

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
  Baggage Carrusel

  	
   

  	
  •      216
  pieces of luggage/carousel/during peak hours

  •      1
  piece of luggage per domestic passenger

  •      1.4
  pieces of luggage per international passenger

  •      80m/band

  
	
  X-rays

  	
   

  	
  •      500
  php/machine

  
	
  Ascending and descending sidewalks

  	
   

  	
  •      7.5
  m wide

  •      0.39
  m/php

  
	
  Lanes in front of the terminal

  	
   

  	
  •      3 lanes

  •      3m wide

  
	
  Taxi parking

  	
   

  	
  •      0.02 taxis/php

  
	
  Passenger parking

  	
   

  	
  •      500 parking spaces/million exiting
  passengers

  
	
  Employee parking

  	
   

  	
  •      0.13
  parking spaces/employee

  •      30m2/parking
  space

  
	
  Terminal Service Level

  	
   

  	
  •      B (14m2 per php)

  

php=peak
hours passengers

 

2

 

Air
Field

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
  Passenger Mini-buses

  	
   

  	
  •      25%
  php

  •      60
  persons/mini-bus

  
	
  Access Ways

  	
   

  	
  •      2,400
  php/access lane

  •      Minimum
  of 2 access ways

  
	
  Water Treatment Plant

  	
   

  	
  •      15
  liters/day/person

  
	
  CREI Building

  	
   

  	
  •      one
  per airport  

  
	
  Emergency plants

  	
   

  	
  •      3 per airport

  
	
  Control tower

  	
   

  	
  •      One per airport

  
	
  CREI

  	
   

  	
  •      One per airport

  
	
  Sidewalks and Walkways

  	
   

  	
  •      13.57m/hectare
   

  
	
  Water tanks

  	
   

  	
  •      45
  liters/person/day

  •      3
  reserve days

  
	
  Support Vehicles

  	
   

  	
  •      0.20
  vehicles/daily operation

  

 

3

 

Exhibit
7

 

SAN LUIS POTOSÍ
AIRPORT

 

Appendix A

 

1.2.2.       In
case the foregoing is not possible, all of those expenses which may not be
directly assigned to airport services, will be attributed in consideration of
the contribution to Regulatory Services revenues during the last 5 fiscal years
and if in the initial Period of 5 years it will be 85%.

 

1.3.2.       In
case the foregoing is not possible and all the expenses related to materials
and consumables may not be directly assigned to Regulated Services, they will
be attributed considering the contribution to Regulatory Services revenues
during the last 5 fiscal years and if in the initial Period of 5 years it will
be 85%.

 

1.6.          Taxes
and Rights:  They are attributed
considering the contribution to Regulated Services revenues during the last 5
fiscal years; in the initial Period it will be 85%.

 

1.7.          Others:
other expenses not exclusively attributed to Regulated Services are attributed
considering the contribution to Regulated Services revenues during the last 5
fiscal years and in the initial Period of 5 years it will be 85%.

 

4

 

SAN LUIS POTOSÍ
AIRPORT

 

Appendix D

 

1.             The
Airport Maximum Tariff for the first five (5) years, the first Period, the parameters
and the respective efficiency factor will be the following:

 

	
  PERIOD

  	
   

  	
  YEAR

  	
   

  	
  REFERENCE

  VALUE(19)

  	
   

  	
  EFFICIENCY

  FACTOR

  (X)

  	
   

  	
  MAXIMUM

  TARIFF PER

  TRAFFIC UNIT(20)

  	
   

  	
  REAL

  DISCOUNT

  RATE(21)

  	
   

  
	
  1

  	
   

  	
  2001

  	
   

  	
  52,791.3

  	
   

  	
  1

  	
  %

  	
  94.55

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2002

  	
   

  	
  60,325.3

  	
   

  	
  1

  	
  %

  	
  93.60

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2003

  	
   

  	
  66,701.7

  	
   

  	
  1

  	
  %

  	
  92.66

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2004

  	
   

  	
  69,962.8

  	
   

  	
  1

  	
  %

  	
  91.74

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2005

  	
   

  	
  71,130.4

  	
   

  	
  1

  	
  %

  	
  90.82

  	
   

  	
  18

  	
  %

  
	
  2

  	
   

  	
  2006

  	
   

  	
  69,176.9

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  

 

(1)           Given
in pesos from December 31, 1998.

(2)           Given
in pesos from December 31, 1999, after having applied the corresponding
efficiency factor.  The traffic unit is
passengers.

(3)           The
discount Rate in real terms and applied to cash flows before taxes.

 

5

 

SCHEDULE OF DIFFERENCES

 

Set
forth below are the differences in the Aeropuerto de Tampico,
S.A. de C.V.’s Concession as compared to the Aeropuerto de Monterrey, S.A. de C.V.’s Concession:

 

***

 

Antecedents

 

I."(i) Administrate, operate and utilize the international airport of
Tampico, Tamaulipas."

 

III.
"The Concession Holder was incorporated in accordance with the Mexican
laws, as a variable stock company, by means of public deed number 44,365 dated
May 28,1998, granted before Mr. Emiliano Zubiría Maqueo, Notary Public number
25 of the Federal District, which first deed copy was registered on June 25,
1998 under folio number 238,594, of the Public Registry of Commerce and
Property for the City of Mexico. The Concession Holder appoints as domicile to
receive notices the one located at Boulevard Adolfo López Mateos No. 1001,
Tampico, Tamaulipas, C.P. 89339, A.P. C-2, Mexico."

 

V. "Mr. Louis Priede Weston, legal representative of the Concession
Holder has sufficient authority, as evidenced by public deed No. 52,704 dated
May 28, 1999, granted before Luis de Angoitia Becerra, Notary Public No. 109 of
the Federal District, which was first registered on August 31, 1999 under folio
number 238,749 of the Public Registry of Commerce and Property of the City of
Mexico, to execute this document and his authority has not been changed or
revoked in any way."

 

2.             Chapter I. (Definitions): Concession
Holder: Aeropuerto de Tampico, S.A. de C.V., a company
incorporated under Mexican law, holder of the rights included in this Concession,
which at the time of granting of this Concession, is a company of majority
state participation.

 

3.             Chapter II (Purpose, Extent and Real State
Regime):

 

2.1.1.
"A concession to administer, operate and utilize, as the case may be,
carry out the constructions in the civil aerodrome of the public services,
located at Boulevard Adolfo López Mateos No. 1001, Tampico, Tamaulipas, C.P.
89339, A.P. C-2, Mexico, in order to render the Services in the airport; and
which polygonal, Air Protection Area and Areas Distribution Plan are described
in Exhibit 1 hereto."

 

2.2. Classification and Category. The Airport is classified as an international
aerodrome of public services, terrestrial, with (OACI) 4D, (CREI) VI, and (IFR)
PA1 category.

 

The Ministry may amend the classification and
category, previously listening to the Concession Holder, when the Airport does
no longer have the installations and services necessary hereunder or when
circumstances arise which merit said amendment and, consequently, it shall
inform the Concession Holder the conditions to which the rendering of services
in the Airport will be subject, in terms of its new classification.

 

 

Exhibit Three to the Concession
Title granted by the Federal Government, through the Ministry of Communications
and Transport, in favor of Aeropuerto de Tampico, S.A. de C.V.

 

STANDARDS USED IN THE
CALCULATION OF THE INVESTMENTS IN THE TAMPICO AIRPORT

 

Terminal

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
  Baggage Carrusel

  	
   

  	
  •      216
  pieces of luggage/carousel/during peak hours

  •      1
  piece of luggage per domestic passenger 

  •      1.4
  pieces of luggage per international passenger 

  •      80m/band
   

  
	
  X-rays

  	
   

  	
  •      500
  php/machine  

  
	
  Escalators

  	
   

  	
  •      600
  php/step  

  
	
  Elevators

  	
   

  	
  •      1,000
  php/elevator  

  
	
  Ascending and
  descending sidewalks

  	
   

  	
  •      7.5
  m wide 

  •      0.39
  m/php 

  
	
  Lanes in front of the terminal

  	
   

  	
  •      3 lanes 

  •      3m wide  

  
	
  Taxi parking

  	
   

  	
  •      0.02 taxis/php

  
	
  Passenger parking

  	
   

  	
  •      500 parking spaces/million exiting
  passengers

  
	
  Employee parking

  	
   

  	
  •      0.13
  parking spaces/employee 

  •      30m(2)/parking
  space  

  
	
  Terminal Service Level

  	
   

  	
  •      D (10m(2) per php)

  

 

Php=peak
hours passengers 

 

2

 

Air
Field

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
  Contact points

  	
   

  	
  •      75%
  php

  
	
  Passenger Mini-buses

  	
   

  	
  •      25%
  php

  •      60
  persons/mini-bus 

  
	
  Access Ways

  	
   

  	
  •      2,400
  php/access lane

  •      Minimum
  of 2 access ways 

  
	
  Water Treatment Plant

  	
   

  	
  •      15
  liters/day/person 

  
	
  CREI Building

  	
   

  	
  •      one
  per airport 

  
	
  Emergency plants

  	
   

  	
  •      3 per airport

  
	
  Control tower

  	
   

  	
  •      One per airport

  
	
  CREI

  	
   

  	
  •      One per airport

  
	
  Sidewalks and Walkways

  	
   

  	
  •      13.57m/hectare
   

  
	
  Water tanks

  	
   

  	
  •      45
  liters/person/day 

  •      3
  reserve days 

  
	
  Support Vehicles

  	
   

  	
  •      0.20
  vehicles/daily operation  

  

 

3

 

Exhibit
7

 

TAMPICO AIRPORT

 

Appendix A

 

1.2.2.       In
case the foregoing is not possible, all of those expenses which may not be
directly assigned to airport services, will be attributed in consideration of
the contribution to Regulatory Services revenues during the last 5 fiscal years
and if in the initial Period of 5 years it will be 85%.

 

1.3.2.       In
case the foregoing is not possible and all the expenses related to materials
and consumables may not be directly assigned to Regulated Services, they will
be attributed considering the contribution to Regulatory Services revenues
during the last 5 fiscal years and if in the initial Period of 5 years it will
be 85%.

 

1.6.          Taxes
and Rights:  They are attributed
considering the contribution to Regulated Services revenues during the last 5
fiscal years; in the initial Period it will be 85%.

 

1.7.          Others:
other expenses not exclusively attributed to Regulated Services are attributed
considering the contribution to Regulated Services revenues during the last 5
fiscal years and in the initial Period of 5 years it will be 85%.

 

4

 

TAMPICO AIRPORT

 

Appendix D

 

1.             The
Airport Maximum Tariff for the first five (5) years, the first Period, the
parameters and the respective efficiency factor will be the following:

 

	
  PERIOD

  	
   

  	
  YEAR

  	
   

  	
  REFERENCE

  VALUE(22)

  	
   

  	
  EFFICIENCY

  FACTOR

  (X)

  	
   

  	
  MAXIMUM

  TARIFF PER

  TRAFFIC UNIT(23)

  	
   

  	
  REAL

  DISCOUNT

  RATE(24)

  	
   

  
	
  1

  	
   

  	
  2001

  	
   

  	
  107,663.6

  	
   

  	
  1

  	
  %

  	
  89.60

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2002

  	
   

  	
  119,374.9

  	
   

  	
  1

  	
  %

  	
  88.70

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2003

  	
   

  	
  136,337.2

  	
   

  	
  1

  	
  %

  	
  87.81

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2004

  	
   

  	
  146,276.8

  	
   

  	
  1

  	
  %

  	
  86.93

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2005

  	
   

  	
  151,143.7

  	
   

  	
  1

  	
  %

  	
  86.06

  	
   

  	
  18

  	
  %

  
	
  2

  	
   

  	
  2006

  	
   

  	
  153,393.7

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  

 

(1)           Given
in pesos from December 31, 1998.

(2)           Given
in pesos from December 31, 1999, after having applied the corresponding
efficiency factor.  The traffic unit is
passengers.

(3)           The
discount Rate in real terms and applied to cash flows before taxes.

 

5

 

SCHEDULE OF DIFFERENCES

 

Set
forth below are the differences in the Aeropuerto de Torreón,
S.A. de C.V.’s Concession as compared to the Aeropuerto de Monterrey, S.A. de C.V.’s Concession:

 

***

 

Antecedents

 

I."(i) Administrate, operate and utilize the international airport of
Torreón, Coahuila."

 

III.
"The Concession Holder was incorporated in accordance with the Mexican
laws, as a variable stock company, by means of public deed number 44,361 dated
May 28,1998, granted before Mr. Emiliano Zubiría Maqueo, Notary Public number
25 of the Federal District, which first deed copy was registered on June 25,
1998 under folio number 238,590, of the Public Registry of Commerce and
Property for the City of Mexico. The Concession Holder appoints as domicile to
receive notices the one located at Km. 9 de la Carretera Torreón-San Pedro S/N,
Torreón Coahuila, C.P. 27016, A.P. 132, Mexico."

 

V. "Mr. Louis Priede Weston, legal representative of the Concession
Holder has sufficient authority, as evidenced by public deed No. 52,704 dated
May 28, 1999, granted before Luis de Angoitia Becerra, Notary Public No. 109 of
the Federal District, which was first registered on August 31, 1999 under folio
number 238,749 of the Public Registry of Commerce and Property of the City of
Mexico, to execute this document and his authority has not been changed or
revoked in any way."

 

2.             Chapter I. (Definitions): Concession
Holder: Aeropuerto de Torreón, S.A. de C.V., a company
incorporated under Mexican law, holder of the rights included in this
Concession, which at the time of granting of this Concession, is a company of
majority state participation.

 

3.             Chapter II (Purpose, Extent and Real State
Regime):

 

2.1.1.
"A concession to administer, operate and utilize, as the case may be,
carry out the constructions in the civil aerodrome of the public services,
located at Km. 9 de la Carretera Torreón-San Pedro S/N, Torreón Coahuila, C.P.
27016, A.P. 132, Mexico, in order to render the Services in the airport; and
which polygonal, Air Protection Area and Areas Distribution Plan are described
in Exhibit 1 hereto."

 

2.2. Classification and Category. The Airport is classified as an international
aerodrome of public services, terrestrial, with (OACI) 4D, (CREI) VI, and (IFR)
PA1 category.

 

The Ministry may amend the classification and
category, previously listening to the Concession Holder, when the Airport does
no longer have the installations and services necessary hereunder or when
circumstances arise which merit said amendment and, consequently, it shall
inform the Concession Holder the conditions to which the rendering of services
in the Airport will be subject, in terms of its new classification.

 

 

Exhibit Three to the Concession
Title granted by the Federal Government, through the Ministry of Communications
and Transport, in favor of Aeropuerto de Torreón, S.A. de C.V.

 

STANDARDS USED IN THE
CALCULATION OF THE INVESTMENTS IN THE TORREÓN AIRPORT

 

Terminal

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
  Baggage Carrusel

  	
   

  	
  •      216
  pieces of luggage/carousel/during peak hours 

  •      1
  piece of luggage per domestic passenger 

  •      1.4
  pieces of luggage per international passenger

  •      80m/band

  
	
  X-rays

  	
   

  	
  •      500
  php/machine

  
	
  Ascending and descending sidewalks

  	
   

  	
  •      7.5
  m wide 

  •      0.39
  m/php

  
	
  Lanes in front of the terminal

  	
   

  	
  •      3 lanes 

  •      3m wide

  
	
  Taxi parking

  	
   

  	
  •      0.02 taxis/php

  
	
  Passenger parking

  	
   

  	
  •      500 parking spaces/million exiting
  passengers

  
	
  Employee parking

  	
   

  	
  •      0.13
  parking spaces/employee 

  •      30m2/parking
  space

  
	
  Terminal Service Level

  	
   

  	
  •      D (10m2 per php)

  

 

Php=peak
hours passengers 

 

2

 

Air
Field

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
  Passenger Mini-buses

  	
   

  	
  •      25%
  php

  •      60
  persons/mini-bus 

  
	
  Access Ways

  	
   

  	
  •      2,400
  php/access lane

  •      Minimum
  of 2 access ways  

  
	
  Water Treatment Plant

  	
   

  	
  •      15
  liters/day/person  

  
	
  CREI Building

  	
   

  	
  •      One
  per airport 

  
	
  Emergency plants

  	
   

  	
  •      3 per airport

  
	
  Control tower

  	
   

  	
  •      One per airport

  
	
  CREI

  	
   

  	
  •      One per airport

  
	
  Sidewalks and Walkways

  	
   

  	
  •      13.57m/hectare
  

  
	
  Water tanks

  	
   

  	
  •      45
  liters/person/day 

  •      3
  reserve days 

  
	
  Support Vehicles

  	
   

  	
  •      0.20
  vehicles/daily operation  

  

 

3

 

Exhibit
7

 

TORREÓN AIRPORT

 

Appendix A

 

1.2.2.       In
case the foregoing is not possible, all of those expenses which may not be
directly assigned to airport services, will be attributed in consideration of
the contribution to Regulatory Services revenues during the last 5 fiscal years
and if in the initial Period of 5 years it will be 85%.

 

1.3.2.       In
case the foregoing is not possible and all the expenses related to materials
and consumables may not be directly assigned to Regulated Services, they will
be attributed considering the contribution to Regulatory Services revenues during
the last 5 fiscal years and if in the initial Period of 5 years it will be 85%.

 

1.6.          Taxes
and Rights:  They are attributed
considering the contribution to Regulated Services revenues during the last 5
fiscal years; in the initial Period it will be 85%.

 

1.7.          Others:
other expenses not exclusively attributed to Regulated Services are attributed
considering the contribution to Regulated Services revenues during the last 5
fiscal years and in the initial Period of 5 years it will be 85%.

 

4

 

TORREÓN AIRPORT

 

Appendix D

 

1.             The
Airport Maximum Tariff for the first five (5) years, the first Period, the
parameters and the respective efficiency factor will be the following:

 

	
  PERIOD

  	
   

  	
  YEAR

  	
   

  	
  REFERENCE

  VALUE(25)

  	
   

  	
  EFFICIENCY

  FACTOR

  (X)

  	
   

  	
  MAXIMUM

  TARIFF PER

  TRAFFIC UNIT(26)

  	
   

  	
  REAL

  DISCOUNT

  RATE(27)

  	
   

  
	
  1

  	
   

  	
  2001

  	
   

  	
  118,082.9

  	
   

  	
  1

  	
  %

  	
  84.15

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2002

  	
   

  	
  137,617.7

  	
   

  	
  1

  	
  %

  	
  83.31

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2003

  	
   

  	
  150,041.4

  	
   

  	
  1

  	
  %

  	
  82.48

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2004

  	
   

  	
  171,475.3

  	
   

  	
  1

  	
  %

  	
  81.65

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2005

  	
   

  	
  191,587.1

  	
   

  	
  1

  	
  %

  	
  80.83

  	
   

  	
  18

  	
  %

  
	
  2

  	
   

  	
  2006

  	
   

  	
  208,943.9

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  

 

(1)           Given
in pesos from December 31, 1998.

(2)           Given
in pesos from December 31, 1999, after having applied the corresponding
efficiency factor.  The traffic unit is
passengers.

(3)           The
discount Rate in real terms and applied to cash flows before taxes.

 

5

 

SCHEDULE OF DIFFERENCES

 

Set
forth below are the differences in the Aeropuerto de Zacatecas,
S.A. de C.V.’s Concession as compared to the Aeropuerto de Monterrey, S.A. de C.V.’s Concession:

 

***

 

Antecedents

 

I."(i) Administrate, operate and utilize the international airport of
Zacatecas, Zacatecas."

 

III.
"The Concession Holder was incorporated in accordance with the Mexican
laws, as a variable stock company, by means of public deed number 44,366 dated
May 28,1998, granted before Mr. Emiliano Zubiría Maqueo, Notary Public number
25 of the Federal District, which first deed copy was registered on June 25,
1998 under folio number 238,595, of the Public Registry of Commerce and
Property for the City of Mexico. The Concession Holder appoints as domicile to
receive notices the one located at Km. 23 de la Carretera Panamericana, Tramo
Zacatecas-Fresnillo, Zacatecas, Zacatecas, C.P. 98500, A.P. 303, Mexico."

 

V. "Mr. Louis Priede Weston, legal representative of the Concession
Holder has sufficient authority, as evidenced by public deed No. 52,704 dated
May 28, 1999, granted before Luis de Angoitia Becerra, Notary Public No. 109 of
the Federal District, which was first registered on August 31, 1999 under folio
number 238,749 of the Public Registry of Commerce and Property of the City of
Mexico, to execute this document and his authority has not been changed or
revoked in any way."

 

2.             Chapter I. (Definitions): Concession
Holder: Aeropuerto de Zacatecas, S.A. de C.V., a company
incorporated under Mexican law, holder of the rights included in this
Concession, which at the time of granting of this Concession, is a company of majority
state participation.

 

3.             Chapter II (Purpose, Extent and Real State
Regime):

 

2.1.1.
"A concession to administer, operate and utilize, as the case may be,
carry out the constructions in the civil aerodrome of the public services,
located at Km. 23 de la Carretera Panamericana, Tramo Zacatecas-Fresnillo,
Zacatecas, Zacatecas, C.P. 98500, A.P. 303, Mexico, in order to render the
Services in the airport; and which polygonal, Air Protection Area and Areas
Distribution Plan are described in Exhibit 1 hereto."

 

2.2. Classification and Category. The Airport is classified as an international
aerodrome of public services, terrestrial, with (OACI) 4D, (CREI) VI, and (IFR)
PA1 category.

 

The Ministry may amend the classification and
category, previously listening to the Concession Holder, when the Airport does
no longer have the installations and services necessary hereunder or when
circumstances arise which merit said amendment and, consequently, it shall
inform the Concession Holder the conditions to which the rendering of services
in the Airport will be subject, in terms of its new classification.

 

 

Exhibit Three to the Concession
Title granted by the Federal Government, through the Ministry of Communications
and Transport, in favor of Aeropuerto de Zacatecas, S.A. de C.V.

 

STANDARDS USED IN THE
CALCULATION OF THE INVESTMENTS IN THE ZACATECAS AIRPORT

 

Terminal

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
  Baggage Carrusel

  	
   

  	
  •      216
  pieces of luggage/carousel/during peak hours 

  •      1
  piece of luggage per domestic passenger 

  •      1.4
  pieces of luggage per international passenger 

  •      80m/band
   

  
	
  X-rays

  	
   

  	
  •      500
  php/machine 

  
	
  Ascending and descending sidewalks

  	
   

  	
  •      7.5
  m wide 

  •      0.39
  m/php 

  
	
  Lanes in front of the terminal

  	
   

  	
  •      3 lanes 

  •      3m wide 

  
	
  Taxi parking

  	
   

  	
  •      0.02 taxis/php

  
	
  Passenger parking

  	
   

  	
  •      500 parking spaces/million exiting
  passengers

  
	
  Employee parking

  	
   

  	
  •      0.13
  parking spaces/employee 

  •      30m2/parking
  space 

  
	
  Terminal Service Level

  	
   

  	
  •      D (10m2 per php)

  

 

Php=peak
hours passengers 

 

2

 

Air
Field

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
  Passenger Mini-buses

  	
   

  	
  •      25%
  php 

  •      60
  persons/mini-bus 

  
	
  Access Ways

  	
   

  	
  •      2,400
  php/access lane 

  •      Minimum
  of 2 access ways 

  
	
  Water Treatment Plant

  	
   

  	
  •      15
  liters/day/person 

  
	
  CREI Building

  	
   

  	
  •      One
  per airport 

  
	
  Emergency plants

  	
   

  	
  •      3 per airport

  
	
  Control tower

  	
   

  	
  •      One per airport

  
	
  CREI

  	
   

  	
  •      One per airport

  
	
  Sidewalks and Walkways

  	
   

  	
  •      13.57m/hectare
  

  
	
  Water tanks

  	
   

  	
  •      45
  liters/person/day 

  •      3
  reserve days 

  
	
  Support Vehicles

  	
   

  	
  •      0.20
  vehicles/daily operation  

  

 

3

 

Exhibit
7

 

ZACATECAS AIRPORT

 

Appendix A

 

1.2.2.       In
case the foregoing is not possible, all of those expenses which may not be
directly assigned to airport services, will be attributed in consideration of
the contribution to Regulatory Services revenues during the last 5 fiscal years
and if in the initial Period of 5 years it will be 85%.

 

1.3.2.       In
case the foregoing is not possible and all the expenses related to materials
and consumables may not be directly assigned to Regulated Services, they will
be attributed considering the contribution to Regulatory Services revenues
during the last 5 fiscal years and if in the initial Period of 5 years it will
be 85%.

 

1.6.          Taxes
and Rights:  They are attributed
considering the contribution to Regulated Services revenues during the last 5
fiscal years; in the initial Period it will be 85%.

 

1.7.          Others:
other expenses not exclusively attributed to Regulated Services are attributed
considering the contribution to Regulated Services revenues during the last 5
fiscal years and in the initial Period of 5 years it will be 85%.

 

4

 

ZACATECAS AIRPORT

 

Appendix D

 

1.             The
Airport Maximum Tariff for the first five (5) years, the first Period, the
parameters and the respective efficiency factor will be the following:

 

	
  PERIOD

  	
   

  	
  YEAR

  	
   

  	
  REFERENCE

  VALUE(28)

  	
   

  	
  EFFICIENCY

  FACTOR

  (X)

  	
   

  	
  MAXIMUM

  TARIFF PER

  TRAFFIC UNIT(29)

  	
   

  	
  REAL

  DISCOUNT

  RATE(30)

  	
   

  
	
  1

  	
   

  	
  2001

  	
   

  	
  123,834.6

  	
   

  	
  1

  	
  %

  	
  87.62

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2002

  	
   

  	
  137,327.2

  	
   

  	
  1

  	
  %

  	
  86.74

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2003

  	
   

  	
  145,764.4

  	
   

  	
  1

  	
  %

  	
  85.87

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2004

  	
   

  	
  154,703.5

  	
   

  	
  1

  	
  %

  	
  85.01

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2005

  	
   

  	
  156,274.2

  	
   

  	
  1

  	
  %

  	
  84.16

  	
   

  	
  18

  	
  %

  
	
  2

  	
   

  	
  2006

  	
   

  	
  156,711.4

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  

 

(1)           Given
in pesos from December 31, 1998.

(2)           Given
in pesos from December 31, 1999, after having applied the corresponding
efficiency factor.  The traffic unit is
passengers.

(3)           The
discount Rate in real terms and applied to cash flows before taxes.

 

5

 

SCHEDULE OF DIFFERENCES

 

Set
forth below are the differences in the Aeropuerto de Zihuatanejo,
S.A. de C.V.’s Concession as compared to the Aeropuerto de Monterrey, S.A. de C.V.’s Concession:

 

***

 

Antecedents

 

I."(i) Administrate, operate and utilize the international airport of
Zihuatanejo, Guerrero."

 

III.
"The Concession Holder was incorporated in accordance with the Mexican
laws, as a variable stock company, by means of public deed number 44,368 dated
May 28,1998, granted before Mr. Emiliano Zubiría Maqueo, Notary Public number
25 of the Federal District, which first deed copy was registered on June 25,
1998 under folio number 238,597, of the Public Registry of Commerce and
Property for the City of Mexico. The Concession Holder appoints as domicile to
receive notices the one located at Carretera Nacional, Acapulco-Zihuatanejo,
Zihuatanejo, Guerrero, C.P. 40880, A.P. 59, Mexico."

 

V. "Mr. Louis Priede Weston, legal representative of the Concession
Holder has sufficient authority, as evidenced by public deed No. 52,704 dated
May 28, 1999, granted before Luis de Angoitia Becerra, Notary Public No. 109 of
the Federal District, which was first registered on August 31, 1999 under folio
number 238,749 of the Public Registry of Commerce and Property of the City of
Mexico, to execute this document and his authority has not been changed or
revoked in any way."

 

2.             Chapter I. (Definitions): Concession
Holder: Aeropuerto de Zihuatanejo, S.A. de C.V., a company
incorporated under Mexican law, holder of the rights included in this Concession,
which at the time of granting of this Concession, is a company of majority
state participation.

 

3.             Chapter II (Purpose, Extent and Real State
Regime):

 

2.1.1.
"A concession to administer, operate and utilize, as the case may be,
carry out the constructions in the civil aerodrome of the public services,
located at Carretera Nacional, Acapulco-Zihuatanejo, Zihuatanejo, Guerrero,
C.P. 40880, A.P. 59, Mexico, in order to render the Services in the airport;
and which polygonal, Air Protection Area and Areas Distribution Plan are
described in Exhibit 1 hereto."

 

2.2. Classification and Category. The Airport is classified as an international
aerodrome of public services, terrestrial, with (OACI) 4D, (CREI) VII and (IFR)
PA1 category.

 

The Ministry may amend the classification and
category, previously listening to the Concession Holder, when the Airport does
no longer have the installations and services necessary hereunder or when
circumstances arise which merit said amendment and, consequently, it shall inform
the Concession Holder the conditions to which the rendering of services in the
Airport will be subject, in terms of its new classification.

 

 

Exhibit Three to the Concession
Title granted by the Federal Government, through the Ministry of Communications
and Transport, in favor of Aeropuerto de Zihuatanejo, S.A. de C.V.

 

STANDARDS USED IN THE
CALCULATION OF THE INVESTMENTS IN THE ZIHUATANEJO AIRPORT

 

Terminal

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
  Baggage Carrusel

  	
   

  	
  •      216
  pieces of luggage/carousel/during peak hours 

  •      1
  piece of luggage per domestic passenger 

  •      1.4
  pieces of luggage per international passenger 

  •      80m/band
   

  
	
  X-rays

  	
   

  	
  •      500
  php/machine  

  
	
  Ascending and descending sidewalks

  	
   

  	
  •      7.5
  m wide 

  •      0.39
  m/php  

  
	
  Lanes in front of the terminal

  	
   

  	
  •      3 lanes 

  •      3m wide  

  
	
  Taxi parking

  	
   

  	
  •      0.02 taxis/php

  
	
  Passenger parking

  	
   

  	
  •      500 parking spaces/million exiting
  passengers

  
	
  Employee parking

  	
   

  	
  •      0.13
  parking spaces/employee 

  •      30m2/parking
  space  

  
	
  Terminal Service Level

  	
   

  	
  •      C (12m2 per php)

  

 

Php=peak
hours passengers 

 

2

 

Air
Field

 

 

	
  PARAMETER

  	
   

  	
  STANDARD

  
	
  Passenger Mini-buses

  	
   

  	
  •      25%
  php

  •      60
  persons/mini-bus 

  
	
  Access Ways

  	
   

  	
  •      2,400
  php/access lane

  •      Minimum
  of 2 access ways 

  
	
  Water Treatment Plant

  	
   

  	
  •      15
  liters/day/person 

  
	
  CREI Building

  	
   

  	
  •      One
  per airport 

  
	
  Emergency plants

  	
   

  	
  •      3 per airport

  
	
  Control tower

  	
   

  	
  •      One per airport

  
	
  CREI

  	
   

  	
  •      One per airport

  
	
  Sidewalks and Walkways

  	
   

  	
  •      13.57m/hectare
  

  
	
  Water tanks

  	
   

  	
  •      45
  liters/person/day 

  •      3
  reserve days 

  
	
  Support Vehicles

  	
   

  	
  •      0.20
  vehicles/daily operation 

  

 

3

 

Exhibit
7

 

ZIHUATANEJO
AIRPORT

 

Appendix A

 

1.2.2.       In
case the foregoing is not possible, all of those expenses which may not be
directly assigned to airport services, will be attributed in consideration of
the contribution to Regulatory Services revenues during the last 5 fiscal years
and if in the initial Period of 5 years it will be 80%.

 

1.3.2.       In
case the foregoing is not possible and all the expenses related to materials
and consumables may not be directly assigned to Regulated Services, they will
be attributed considering the contribution to Regulatory Services revenues
during the last 5 fiscal years and if in the initial Period of 5 years it will
be 80%.

 

1.6.          Taxes
and Rights:  They are attributed
considering the contribution to Regulated Services revenues during the last 5
fiscal years; in the initial Period it will be 80%.

 

1.7.          Others:
other expenses not exclusively attributed to Regulated Services are attributed
considering the contribution to Regulated Services revenues during the last 5
fiscal years and in the initial Period of 5 years it will be 80%.

 

4

 

ZIHUATANEJO
AIRPORT

 

Appendix D

 

1.             The
Airport Maximum Tariff for the first five (5) years, the first Period, the
parameters and the respective efficiency factor will be the following:

 

	
  PERIOD

  	
   

  	
  YEAR

  	
   

  	
  REFERENCE

  VALUE(31)

  	
   

  	
  EFFICIENCY

  FACTOR

  (X)

  	
   

  	
  MAXIMUM

  TARIFF PER

  TRAFFIC UNIT(32)

  	
   

  	
  REAL

  DISCOUNT

  RATE(33)

  	
   

  
	
  1

  	
   

  	
  2001

  	
   

  	
  202,192.1

  	
   

  	
  1

  	
  %

  	
  75.24

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2002

  	
   

  	
  220,323.9

  	
   

  	
  1

  	
  %

  	
  74.49

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2003

  	
   

  	
  253,330.7

  	
   

  	
  1

  	
  %

  	
  73.74

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2004

  	
   

  	
  269,509.0

  	
   

  	
  1

  	
  %

  	
  73.01

  	
   

  	
  18

  	
  %

  
	
  1

  	
   

  	
  2005

  	
   

  	
  281,750.0

  	
   

  	
  1

  	
  %

  	
  72.28

  	
   

  	
  18

  	
  %

  
	
  2

  	
   

  	
  2006

  	
   

  	
  293,947.7

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  	
  To be defined

  	
   

  

 

(1)           Given
in pesos from December 31, 1998.

(2)           Given
in pesos from December 31, 1999, after having applied the corresponding
efficiency factor.  The traffic unit is
passengers.

(3)           The
discount Rate in real terms and applied to cash flows before taxes.

 

5Exhibit 10.2

 

PARTICIPATION
AGREEMENT

 

PARTICIPATION
AGREEMENT ENTERED INTO AS OF JUNE 14, 2000 BY AND AMONG THE FEDERAL GOVERNMENT
OF THE UNITED MEXICAN STATES (HEREINAFTER, THE “FEDERAL GOVERNMENT”) THROUGH
THE MINISTRY OF COMMUNICATIONS AND TRANSPORTATION (HEREINAFTER, “SCT”),
NACIONAL FINANCIERA, SOCIEDAD NACIONAL DE CREDITO, TRUST DEPARTMENT
(HEREINAFTER, “NAFIN”), GRUPO AEROPORTUARIO DEL CENTRO NORTE, S.A. DE C.V.
(HEREINAFTER THE “HOLDING COMPANY”), SERVICIOS AEROPORTUARIOS DEL CENTRO NORTE,
S.A. DE C.V. (HEREINAFTER, THE “SERVICE COMPANY”), AEROPUERTO DE ACAPULCO, S.A.
DE C.V., AEROPUERTO DE CHIHUAHUA, S.A. DE C.V., AEROPUERTO DE CIUDAD JUAREZ,
S.A. DE C.V., AEROPUERTO DE CULIACAN, S.A. DE C.V., AEROPUERTO DE DURANGO, S.A.
DE C.V., AEROPUERTO DE MAZATLAN, S.A. DE C.V., AEROPUERTO DE MONTERREY, S.A. DE
C.V., AEROPUERTO DE REYNOSA, S.A. DE C.V., AEROPUERTO DE TAMPICO, S.A. DE C.V.,
AEROPUERTO DE TORREON, S.A. DE C.V., AEROPUERTO DE SAN LUIS POTOSI, S.A. DE
C.V., AEROPUERTO DE ZACATECAS, S.A. DE C.V. AND AEROPUERTO DE ZIHUATANEJO, S.A.
DE C.V. (HEREINAFTER JOINTLY REFERRED TO AS THE “CONCESSION COMPANIES”), AND
OPERADORA MEXICANA DE AEROPUERTOS, S.A. DE C.V. (HEREINAFTER, THE “STRATEGIC
PARTNER”); AS WELL AS CONSTRUCTORAS ICA, S.A. DE C.V., AEROPORTS DE PARIS AND
VINCI, S.A. (THE “PARTNERS OF THE STRATEGIC PARTNER”), JOINTLY AND SEVERALLY AS
OBLIGORS OF THE OBLIGATIONS OF THE STRATEGIC PARTNER SPECIFICALLY MENTIONED
HEREIN WITH THE ACKNOWLEDGEMENT OF BANCO NACIONAL DE COMERCIO EXTERIOR,
SOCIEDAD NACIONAL DE CREDITO, TRUST DEPARTMENT (HEREINAFTER THE “TRUSTEE”), IN
ACCORDANCE WITH THE FOLLOWING DEFINITIONS, RECITALS AND CLAUSES.

 

DEFINITIONS

 

The terms herein below mentioned shall have the
meanings ascribed to each of them:

 

	
  Assigned Airports

  	
   

  	
  the Airports of the
  cities of Acapulco, Chihuahua, Ciudad Juárez, Culiacán, Durango, Mazatlán,
  Reynosa, Tampico, Torreón and San Luis Potosí and the municipalities of
  Apodaca, Nuevo León, Calera e Víctor Rosales, Zacatecas and de Teniente José
  Azueta, Guerrero, as described in the respective Concessions.

  
	
   

  	
   

  	
   

  
	
  Shares

  	
   

  	
  the shares representing
  the capital stock of the Holding Company.

  
	
   

  	
   

  	
   

  
	
  Additional Shares

  	
   

  	
  has the meaning set
  forth in Section 3.4 of this Agreement.

  

 

 

	
  Optional Shares

  	
   

  	
  such Series “B” shares
  representing 3% (three percent) of the capital stock of the Holding Company,
  which shall be kept in its treasury until the option to subscribe for and pay
  such shares under the terms of the Option Agreement is exercised or such
  agreement is terminated, including such shares that have been issued, are
  pending of payment and maintained in the treasury.

  
	
   

  	
   

  	
   

  
	
  Issuance Minutes

  	
   

  	
  the Minutes of the
  Extraordinary Shareholders’ Meeting.

  
	
   

  	
   

  	
   

  
	
  ASA

  	
   

  	
  Aeropuertos y Servicios
  Auxiliares.

  
	
   

  	
   

  	
   

  
	
  Extraordinary
  Shareholders’ Meeting

  	
   

  	
  the Extraordinary
  Shareholders’ Meeting of the Holding Company to be held on this date which,
  pursuant to the Option Agreement, shall resolve on the issuance of the
  Optional Shares.

  
	
   

  	
   

  	
   

  
	
  Change of Control

  	
   

  	
  with respect to any
  Person (“Person A”), any act (including, without limitation, any
  consolidation or merger) or a series of acts by virtue of which (i) a third
  party which is a Person other than Person A, acquires Control over such
  Person A; or (ii) if Person A transfers all or substantially all its assets to
  any third party, other Person than Person A (for the purposes of this
  definition, substantially all the assets shall mean any transfer of assets in
  a single act or in a successive series of acts representing 35% (thirty-five
  percent) or more of the net worth of Person A); or (iii) if the shareholders,
  members, partners or any other holders of rights in the capital of Person A
  approve any liquidation or dissolution plan of Person A. In addition to the
  above, a Change of Control in the Strategic Partner means any transfer by the
  Partners of the Strategic Partner of their participation therein in violation
  of the provisions of Section 2.4 of this Agreement, and any transfer by the
  Key Partners of their participation in the Strategic Partner which results in
  such participation representing a direct or indirect participation of less
  than 7.65% (seven point sixty-five percent) in the capital stock of the
  Holding Company. For the purposes of this definition, no event shall be
  considered as a Change of Control whenever (i) such event occurs in any
  domestic or foreign company quoting shares representing its capital stock in
  any domestic or foreign stock exchange or their shareholders are investing
  companies; or (ii) such event is a direct consequence of the sale of the
  share participation in a Person by any government or entity; or political
  subdivision thereof.

  

 

2

 

	
  Auditing Committee

  	
   

  	
  the auditing committee
  of the Holding Company to be conformed pursuant to the By-laws of the Holding
  Company, which shall, among others, have the obligation to verify the
  performance of the board of directors and officers of the provisions of the
  By-laws of the Holding Company and the applicable legislation.

  
	
   

  	
   

  	
   

  
	
  Nomination and Compensation
  Committee

  	
   

  	
  the committee provided
  for in the By-laws of the Holding Company.

  
	
   

  	
   

  	
   

  
	
  Restructuring Committee

  	
   

  	
  the Restructuring
  Committee of the Mexican Airport System, created by resolution published in
  the Official Gazette of the Federation on February 2, 1996.

  
	
   

  	
   

  	
   

  
	
  Operating Committee

  	
   

  	
  the operating committee
  of the Holding Company to be conformed pursuant to the By-laws of the Holding
  Company.

  
	
   

  	
   

  	
   

  
	
  Concessions

  	
   

  	
  the concession titles
  and amendments thereto, granted by SCT on June 29, 1998 to each of the
  Concession Companies to operate the Assigned Airports, respectively.

  
	
   

  	
   

  	
   

  
	
  Agreement

  	
   

  	
  this Participation
  Agreement.

  
	
   

  	
   

  	
   

  
	
  Technical Assistance
  Agreement

  	
   

  	
  the Technical
  Assistance and Transfer of Technology Agreement executed by and among the
  Holding Company, the Concession Companies, the Service Company and the
  Strategic Partner on the date hereof and attached hereto as Exhibit “E”.

  
	
   

  	
   

  	
   

  
	
  Assignment Agreement

  	
   

  	
  the Assignment
  Agreement executed on November 1, 1998, by and among ASA, as assignor, and
  each of the Concession Companies as assignees, with respect to the several
  agreements for the operation of the Assigned Airports.

  
	
   

  	
   

  	
   

  
	
  Purchase and Sale
  Agreement

  	
   

  	
  the Purchase and Sale
  Agreement of the Shares Package executed on this date by and among the
  Federal Government, through SCT, the Treasury of the Federation, with respect
  to the endorsement of the certificates representing the Shares Package and
  the Strategic Partner, and the Partners of the Strategic Partner, attached
  hereto as Exhibit “A”.

  

 

3

 

	
  Personal Property
  Purchase and Sale Agreement

  	
   

  	
  the agreement executed
  on December 1, 1998, by and between the Federal Government and the Service
  Company and each of the Concession Companies for the acquisition of the
  personal property necessary for its operation and the operation of the
  Assigned Airports and its amendment, dated August 24, 1999, attached as Exhibit
  “H” hereto.

  
	
   

  	
   

  	
   

  
	
  Trust Agreement

  	
   

  	
  the Trust Agreement
  executed on this date, by and among the Strategic Partner, the Trustee and
  the Holding Company pursuant to Section 2.7 hereof, attached hereto as
  Exhibit “C”.

  
	
   

  	
   

  	
   

  
	
  Option Agreement

  	
   

  	
  the Option Agreement
  executed on the date of this Agreement by and between the Strategic Partner
  and the Holding Company attached hereto as Exhibit “B”.

  
	
   

  	
   

  	
   

  
	
  Management Services
  Agreement

  	
   

  	
  the Management Services
  Agreement executed on June 14, 2000, by and among the Service Company and the
  Concession Companies attached to the Technical Assistance Agreement as
  Exhibit “4”, by means of which the former agreed to provide the Concession
  Companies with management services.

  
	
   

  	
   

  	
   

  
	
  Control

  	
   

  	
  (i) the holding of
  shares by a single Person of more than 35% (thirty-five percent) of the
  voting capital stock of another Person; (ii) the contractual right of one
  Person to appoint a majority of the members of the Board of Directors of
  another Person; or (iii) the right, of one Person to cause through its vote
  or through the joint vote of any of its Related Person or Persons, the
  adoption or rejection of any decision of the general shareholders meeting of
  another Person.

  
	
   

  	
   

  	
   

  
	
  Shareholders Agreement

  	
   

  	
  the Shareholders
  Agreement executed on this date by and among Nafin, and the Strategic
  Partner, appearing before the Federal Government, the Holding Company and the
  Trustee, attached hereto as Exhibit “D” and which shall become
  effective on the date on which the Strategic Partner receives from the
  Federal Government the second Shares Package pursuant to the terms of Section
  2.6 of the Purchase and Sale Agreement.

  
	
   

  	
   

  	
   

  
	
  Public Call

  	
   

  	
  the call for the
  acquisition of certificates representing the capital stock of the Holding
  Company and the corresponding bidding conditions published in the Official
  Gazette of the Federation on December 17, 1999, and amendments thereto.

  

 

4

 

	
  Auditing Committee
  Delegate

  	
   

  	
  means the member of the
  Auditing Committee in charge of monitoring compliance with the Transaction
  Documents, on behalf of the Airport Group, as provided for by the By-laws of
  the Holding Company.

  
	
   

  	
   

  	
   

  
	
  Transaction Documents

  	
   

  	
  the Purchase and Sale
  Agreement, the Option Agreement, the Issuance Minutes, the Trust Agreement,
  the Technical Assistance Agreement and the Shareholders’ Agreement including
  the exhibits thereto.

  
	
   

  	
   

  	
   

  
	
  Financial Statements

  	
   

  	
  The audited financial
  statements to December 31, 1999, that include income statement, balance
  sheet, cash flow statement and statement of changes in financial position, as
  well as the notes to the same, individually for the Holding Company as well
  as for each of its subsidiaries in addition to the consolidated financial
  statements for the Holding Company.

  
	
   

  	
   

  	
   

  
	
  By-laws of the Holding
  Company

  	
   

  	
  the by-laws of the
  Holding Company, as amended from time to time, included in public deed number
  53,703, granted on June 9, 2000 by Mr. Luis de Angoitia Becerra, Notary
  Public number 109 for the Federal District and pending registration with the
  Public Registry of Commerce for the Federal District, attached as Exhibit
  “F” hereto.

  
	
   

  	
   

  	
   

  
	
  Trust

  	
   

  	
  the trust set up by
  means of the execution of the Trust Agreement pursuant Section 2.7
  hereof.

  
	
   

  	
   

  	
   

  
	
  Trustee

  	
   

  	
  Banco Nacional de
  Comercio Exterior, Sociedad Nacional de Crédito, as trustee of the Trust
  Agreement.

  
	
   

  	
   

  	
   

  
	
  Form

  	
   

  	
  the document provided
  to the participants during the Bidding Process that contained the legal,
  financial and technical requirements to demonstrate their legal, technical,
  managerial and financial capacity.

  
	
   

  	
   

  	
   

  
	
  Federal Government

  	
   

  	
  the Federal Government
  of the United Mexican States through the SCT.

  
	
   

  	
   

  	
   

  
	
  Airport Group

  	
   

  	
  the Holding Company,
  the Service Company and the Concession Companies.

  
	
   

  	
   

  	
   

  
	
  Process Information

  	
   

  	
  all written information
  provided to the Strategic Partner during the Bidding Process upon the terms
  of the Public Call, including that contained in the Data Room (as such term
  is defined in the Public Call).

  

 

5

 

	
  Nafin

  	
   

  	
  Nacional Financiera,
  Sociedad Nacional de Crédito, in its capacity as trustee of 85% (eighty-five
  percent) of the Shares.

  
	
   

  	
   

  	
   

  
	
  Public Offer

  	
   

  	
  has the meaning set
  forth in Section 2.3 of this Agreement.

  
	
   

  	
   

  	
   

  
	
  Share Participation

  	
   

  	
  the Shares Package and
  the Optional Shares.

  
	
   

  	
   

  	
   

  
	
  Shares Package

  	
   

  	
  Series “BB” shares
  representing 15% (fifteen percent) of the capital stock of the Holding
  Company owned by the Federal Government, which does not include the Optional
  Shares, which are acquired on this date by the Strategic Partner, which are
  described in the Purchase and Sale Agreement.

  
	
   

  	
   

  	
   

  
	
  Five-Year Waiting
  Period

  	
   

  	
  has the meaning set forth
  in Section 2.4.1 hereof.

  
	
   

  	
   

  	
   

  
	
  Seven-Year Waiting
  Period

  	
   

  	
  has the meaning set
  forth in Section 2.4.2 hereof.

  
	
   

  	
   

  	
   

  
	
  Three-Year Waiting
  Period

  	
   

  	
  has the meaning set
  forth in Section 2.4.1 hereof.

  
	
   

  	
   

  	
   

  
	
  Fifteen-Year Waiting
  Period

  	
   

  	
  has the meaning set
  forth in Section 2.4.1 hereof.

  
	
   

  	
   

  	
   

  
	
  Person

  	
   

  	
  any individual or legal
  entity, association, joint venture, co-investment, trust, or any other entity
  or organization, including a government, entity or political subdivision or
  agency thereof, of any nationality.

  
	
   

  	
   

  	
   

  
	
  Related Persons

  	
   

  	
  with respect to any
  Person, (i) such companies Controlled by, under common Control with, or
  Controlling the applicable company; (ii) any subsidiary of a Related Person;
  (iii) such individuals having a consanguinity or civil relationship in direct
  line up to the fourth degree, in ascending or descending line, with any
  Person holding 5% (five percent) or more of the shares representing the
  capital stock of the applicable Person or with the Related Persons of such
  Person. With respect to the Strategic Partner, any Person with which it
  executed an operational agreement to comply with the obligations under the
  Technical Assistance Agreement.

  
	
   

  	
   

  	
   

  
	
  Bidding Process

  	
   

  	
  the bidding process of
  the Share Participation of the Holding Company published by SCT during the
  Public Call.

  
	
   

  	
   

  	
   

  
	
  SCT or Ministry

  	
   

  	
  the Ministry of
  Communications and Transportation.

  
	
   

  	
   

  	
   

  
	
  Holding Company

  	
   

  	
  Grupo Aeroportuario del
  Centro Norte, S.A. de C.V.

  

 

6

 

	
  Service Company

  	
   

  	
  Servicios Aeroportuarios
  del Centro Norte, S.A. de C.V.

  
	
   

  	
   

  	
   

  
	
  Concession Companies

  	
   

  	
  Aeropuerto de Acapulco,
  S.A. de C.V., Aeropuerto de Chihuahua, S.A. de C.V., Aeropuerto de Ciudad
  Juárez, S.A. de C.V., Aeropuerto de Culiacán, S.A. de C.V., Aeropuerto de
  Durango, S.A. de C.V., Aeropuerto de Mazatlán, S.A. de C.V., Aeropuerto de
  Monterrey, S.A. de C.V., Aeropuerto de Reynosa, S.A. de C.V., Aeropuerto de
  San Luis Potosí, S.A. de C.V., Aeropuerto de Tampico, S.A. de C.V.,
  Aeropuerto de Torreón, S.A. de C.V., Aeropuerto de Zacatecas, S.A. de C.V.
  and Aeropuerto de Zihuatanejo, S.A. de C.V.

  
	
   

  	
   

  	
   

  
	
  Strategic Partner

  	
   

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

  
	
   

  	
   

  	
   

  
	
  Key Partners

  	
   

  	
  the Mexican Partner and
  the Airport Operator Partner, shareholders of the Strategic Partner who shall
  hold pursuant to this Agreement at least 51% (fifty-one percent) of the
  capital stock of the Strategic Partner. Any interest in the capital stock of
  the Holding Company of the Key Partners over 51% (fifty-one percent) shall be
  considered as an interest of an Investing Partner.

  
	
   

  	
   

  	
   

  
	
  Partners of the
  Strategic Partner

  	
   

  	
  both the Key Partners
  and the Investing Partners of the Strategic Partner.

  
	
   

  	
   

  	
   

  
	
  Investing Partners

  	
   

  	
  those shareholders that
  jointly have a direct or indirect interest of up to 49% (forty-nine percent)
  in the capital stock of the Strategic Partner.

  
	
   

  	
   

  	
   

  
	
  Mexican Partner

  	
   

  	
  Constructoras ICA, S.A.
  de C.V., a company formed in accordance with the laws of the United Mexican
  States, in whose capital stock foreign investment shall not exceed 49% (forty-nine
  percent), and which demonstrated during the Bidding Process before the SCT
  expertise in the business and labor sectors in Mexico. The Mexican Partner
  shall hold pursuant to this Agreement at least 25.5% (twenty-five point five
  percent) in the capital stock of the Strategic Partner.

  
	
   

  	
   

  	
   

  
	
  Airport Operator
  Partner

  	
   

  	
  Aéroports de Paris, a
  company formed under the laws of France that evidenced international
  recognition and expertise in the performance of airport and commercial
  activities during the Bidding Process before the SCT and that shall hold
  pursuant to this Agreement, together with the Mexican Partner, at least 51%
  (fifty-one percent) of the capital stock of the Strategic Partner.

  

 

7

 

RECITALS

 

I.                                         The Federal
Government represents, through SCT, through its legal representative, that:

 

I.1                                   On April 7,
1995, by means of a Presidential accord published in the Official Gazette of
the Federation, the Interministerial Divestiture Commission was created.

 

I.2                                   Through
several resolutions of the Interministerial Divestiture Commission passed at
its meetings held on August 20 and 25, 1997, October 1, 1997 and February 17,
1999, it was resolved to initiate the process of opening the Mexican airport
system to investment.

 

I.3                                   By
resolution published in the Official Gazette of the Federation on February 2,
1996, the Restructuring Committee of the Mexican Airport System was created,
whose purpose is to define the strategy to be followed on general and specific
matters through the different stages of the restructuring process carried out
by SCT, in accordance with the terms of the Airport Law and other applicable
provisions, as well as to make recommendations and proposals.

 

I.4                                   On February
9, 1998, the General Guidelines for the Opening to Investment in the Mexican
Airport System were published in the Official Gazette of the Federation.

 

I.5                                   On May 28,
1998, the Holding Company, the Service Company and the Concession Companies
were incorporated.

 

I.6                                   On June 29,
1998, SCT granted to each of the Concession Companies the Concessions for the
operation, management, and utilization and, as the case may be, construction of
the Assigned Airports, respectively, copies of which are attached (without
exhibits) to this Agreement as Exhibits “G-1 to G-13”.

 

I.7                                   On December
17, 1999, the Public Call was published in the Official Gazette of the
Federation.

 

I.8                                   The Federal
Government executed with the Service Company and the Concession Companies the
Personal Property Purchase and Sale Agreement, by virtue of which it sold and
transferred the personal property necessary for its operation and the operation
of each of the Assigned Airports and under such Personal Property Purchase and
Sale Agreement undertook an indemnification obligation in case of eviction
thereto, as well as for the non-existence of any of the purchased assets. Consequently,
the Federal Government undertook such obligations exclusively for the benefit
of the Service Company and the Concession Companies upon the terms and
conditions set forth in the Personal Property Purchase and Sale Agreement.

 

I.9                                   The Holding
Company assumed and capitalized the liabilities that the Service Company and
the Concession Companies had with the Federal Government in the amount of the
price of the personal property under the Personal Property Purchase and Sale
Agreement, which in total amount to Ps.88,847,444.61 (Eighty Eight Million
Eight Hundred Forty Seven Thousand Four Hundred Forty Four 61/100 Mexican
Pesos).

 

I.10                             On December
14, 1998, the fixed minimum capital of the Holding Company was increased in the
amount of Ps.77,653,104.00 (Seventy Seven Million Six Hundred Fifty Three
Thousand One Hundred Four Mexican Pesos) through the capitalization of
liabilities in the amount of Ps.77,653,099.70 (Seventy Seven Million Six
Hundred Fifty Three Thousand Ninety Nine 70/100 Mexican Pesos) for the benefit
of the Federal Government, as well as through the cash contribution that the
Federal Government will make, and as a result the Holding Company issued
77,653,104 (Seventy Seven Million Six Hundred Fifty Three Thousand One Hundred
Four) Shares completely paid to the benefit of the Federal Government. Likewise,
on August 31, 1999, 

 

8

 

the
fixed minimum capital of the Holding Company was increased in the amount of
Ps.11,194,347.00 (Eleven Million One Hundred Ninety Four Thousand Three Hundred
Forty Seven Mexican Pesos) by means of the capitalization of liabilities in the
amount of Ps.11,194,344.91 (Eleven Million One Hundred Ninety Four Thousand
Three Hundred Forty Four 91/100 Mexican Pesos) to the benefit of the Federal
Government, as well as through the cash contribution the Federal Government
will make, and as a result the Holding Company issued 11,194,347 (Eleven
Million One Hundred Ninety Four Thousand Three Hundred Forty Seven) Shares
completely paid to the benefit of the Federal Government.

 

I.11                             On June 5,
2000, a general extraordinary and ordinary shareholders meeting of the Holding
Company was held, by virtue of which, a full amendment to its By-laws was
resolved, which were included in public instrument number 53,704, granted on
June 9, 2000 by Mr. Luis de Angoitia Becerra, Notary Public number 109 for the
Federal District and pending registration with the Public Registry of Commerce
for the Federal District.

 

On
the other hand, on June 2, 2000, the Holding Company entered into an Assumption
of Liabilities Agreement with each of the Concession Companies by which the
Holding Company assumed, on behalf of and in the name of each Concession
Company, their liabilities deriving from the exploitation of the of the
Concessions whose total amounts to Ps.3,962,404,890.00 (Three Billion Nine
Hundred Sixty Two Million Four Hundred Four Thousand Eight Hundred Ninety
Mexican Pesos). Said liabilities were capitalized for the benefit of the
Federal Government on June 5, 2000. Additionally, the General Extraordinary
Shareholders' Meeting of the Holding Company held on that same date approved
the capitalization of the retained earnings account, as well as the updating of
the capital stock referred in Note 10 of the Financial Statements. Derived from
the capitalizations approved by shareholders of the Holding Company, the
capital stock was increased in the amount of Ps.4,230'430,439.00 (Four Thousand
Two Thousand and Thirty Million, Four Hundred and Thirty Thousand Four Hundred
and Thirty-Nine Mexican Pesos) issuing 5,670'523,069 (5 Thousand Six Hundred
and Seventy Million, Five Hundred and Twenty-Three Thousand and Sixty-Nine)
fully paid-up Shares in favor of the Federal Government.

 

I.12                             The 100%
(one hundred percent) of the capital stock of the Holding Company amounts to
Ps.4,320'277,890.00 (Four Thousand Three Hundred and Twenty Million Two Hundred
and Seventy-Seven Thousand Eight Hundred and Ninety Mexican Pesos), represented
by 5,760'370,520 (Five Thousand Seven Hundred and Sixty Million, Three Hundred
and Seventy Thousand Five Hundred and Twenty) common registered Shares without
par value, fully subscribed, paid-in and outstanding. Additionally, under the
terms of the Option Agreement and the Issuance Minutes, the Holding Company, on
this same date, shall issue the Optional Shares that shall be kept in its
treasury until the same are subscribed and paid.

 

I.13                             The Shares
Package is comprised of 864'055,578 (Eight Hundred and Sixty-Four Million
Fifty-Five Thousand Five Hundred and Seventy-Eight) Series "BB"
common, registered Shares without par value, fully paid and non-assessable and
without any lien or limitation of title thereon.

 

I.14                             On this same
date, the Federal Government executed with Nafin, as trustee in trust number
5111-3, a stock purchase and sale agreement, in order that Nafin may acquire,
in its capacity as trustee, Shares of the Holding Company representing 85%
(eighty-five percent) of its capital stock (except one Share that Nafin
directly obtained from ASA), and therefore, based on Article 46 of the Organic
Law of the Federal Government and Article 75 of the Financial Institutions Law,
as from the date of delivery and transfer of the shares that Nafin acquired
according to that provided for in this recital, the Holding Company, the
Service Company and the Concession Companies shall cease to be a majority
government participation company.

 

9

 

I.15                             Its
representative has sufficient powers and authority to execute this Agreement
pursuant to Article 6, paragraph IX, of the SCT Internal Regulations. 

 

II.                                     Nafin
represents, through its legal representative, that:

 

II.1                               It is a
national credit institution and development banking institution, incorporated
under the Credit Institutions Law and its constitutive Organic Law, that it has
legal authority and own-patrimony and that upon the terms of the latter, it is
authorized to enter into this Agreement for the purposes set forth herein.

 

II.2                               On June 12,
2000 it executed as trustor and trustee an irrevocable trust agreement in order
to promote investment in the airport industry and encourage a securities market
of shares issued by Mexican companies through the public offer of such Shares
it may acquire, and the share of the Holding Company previously owned by ASA.

 

II.3                               On the date
hereof, it acquired from the Federal Government, in its capacity as trustee
under the trust mentioned in paragraph II.2 above, Shares of the Holding
Company representing 85% (eighty-five percent) of the Holding Company capital
stock.

 

II.4                               Its attorney
is duly authorized to enter into this Agreement on its behalf, upon the terms
of public deed number 68,440, granted on May 29, 1997, by Mr. Cecilio González
Márquez, Notary Public number 151 for the Federal District, registered in the
Public Registry of Commerce for the Federal District, on July 25, 1997, under
number 1275.

 

III.                                 The Holding
Company represents, through its representative, that:

 

III.1                           It is a
company incorporated under Mexican law, as evidenced in public instrument
number 44,355, dated May 28, 1998, executed by Mr. Emiliano Zubiria Maqueo,
Notary Public number 25 for the Federal District, which first deed copy was
recorded on June 25, 1998 with the Public Registry of Commerce for the Federal
District under number 238,749.

 

III.2                           It holds
100% (minus one share held by the Federal Government) of the shares
representing the capital stock of each of the Concession Companies and the
Service Company, which are free from any lien or limitation of title.

 

III.3                           Its legal
representative has sufficient powers and authority to execute this Agreement
pursuant to public instrument number 52,704 dated June 28, 1999, granted by Mr.
Luis de Angoitia Becerra, Notary Public number 109 for the Federal District,
which first deed copy was recorded on August 31, 1999 with the Public Registry
of Commerce for the Federal District under number 238,749.

 

IV.                                Each of the
Concession Companies represents that:

 

IV.1                           Aeropuerto
de Acapulco, S.A. de C.V. was incorporated by means of public instrument number
44,369, executed on May 28, 1998, by Mr. Emiliano Zubiria Maqueo, Notary Public
number 25 for the Federal District, which first deed copy was registered with
the Public Registry of Commerce for the Federal District, under number 238598,
on June 25, 1998.

 

IV.2                           Aeropuerto
Chihuahua, S.A. de C.V. was incorporated by means of public instrument number
44,358, executed on May 28, 1998, by Mr. Emiliano Zubiria Maqueo, Notary Public
number 25 for the Federal District, which first deed copy was registered with
the Public Registry of Commerce for the Federal District, under number 238752,
on June 25, 1998.

 

IV.3                           Aeropuerto
de Ciudad Juárez, S.A. de C.V. was incorporated by means of public instrument
number 44,357, executed on May 28, 1998, by Mr. Emiliano Zubiria Maqueo, Notary
Public number 25 for the Federal District, which first deed copy was registered
with the Public Registry of Commerce for the Federal District, under the number
238751.

 

10

 

IV.4                           Aeropuerto
de Culiacán, S.A. de C.V. was incorporated by means of public instrument number
44,359, executed on May 28, 1998, by Mr. Emiliano Zubiria Maqueo, Notary Public
number 25 for the Federal District, which first deed copy was registered with
the Public Registry of Commerce for the Federal District, under number 238753,
on June 25, 1998.

 

IV.5                           Aeropuerto
de Durango, S.A. de C.V. was incorporated by means of public instrument number
44,362, executed on May 28, 1998, by Mr. Emiliano Zubiria Maqueo, Notary Public
number 25 for the Federal District, which first deed copy was registered with
the Public Registry of Commerce for the Federal District, under number 238591,
on June 25, 1998.

 

IV.6                           Aeropuerto
de Mazatlán, S.A. de C.V. was incorporated by means of public instrument number
44,360, executed on May 28, 1998, by Mr. Emiliano Zubiria Maqueo, Notary Public
number 25 for the Federal District, which first deed copy was registered with
the Public Registry of Commerce for the Federal District, under number 23589,
on June 25, 1998.

 

IV.7                           Aeropuerto
de Monterrey, S.A. de C.V. was incorporated by means of public instrument
number 44,363, executed on May 28, 1998, by Mr. Emiliano Zubiria Maqueo, Notary
Public number 25 for the Federal District, which first deed copy was registered
with the Public Registry of Commerce for the Federal District, under number
238592, on June 25, 1998.

 

IV.8                           Aeropuerto
de Reynosa, S.A. de C.V. was incorporated by means of public instrument number
44,364, executed on May 28, 1998, by Mr. Emiliano Zubiria Maqueo, Notary Public
number 25 for the Federal District, which first deed copy was registered with
the Public Registry of Commerce for the Federal District, under number 238593
on June 25, 1998.

 

IV.9                           Aeropuerto
de San Luis Potosí, S.A. de C.V. was incorporated by means of public instrument
number 44,367, executed on May 28, 1998, by Mr. Emiliano Zubiria Maqueo, Notary
Public number 25 for the Federal District, which first deed copy was registered
with the Public Registry of Commerce for the Federal District, under number
238751, on June 25, 1998.

 

IV.10                     Aeropuerto
de Tampico, S.A. de C.V. was incorporated by means of public instrument number
44,365, executed on May 28, 1998, by Mr. Emiliano Zubiria Maqueo, Notary Public
number 25 for the Federal District, which first deed copy was registered with
the Public Registry of Commerce for the Federal District, under number 238594,
on June 25, 1998.

 

IV.11                     Aeropuerto
de Torreón, S.A. de C.V. was incorporated by means of public instrument number
44,361, executed on May 28, 1998, by Mr. Emiliano Zubiria Maqueo, Notary Public
number 25 for the Federal District, which first deed copy was registered with
the Public Registry of Commerce for the Federal District, under number 238590,
on June 25, 1998.

 

IV.12                     Aeropuerto
de Zacatecas, S.A. de C.V. was incorporated by means of public instrument
number 44,366, executed on May 28, 1998, by Mr. Emiliano Zubiria Maqueo, Notary
Public number 25 for the Federal District, which first deed copy was registered
with the Public Registry of Commerce for the Federal District, under number
238595, on June 25, 1998.

 

IV.13                     Aeropuerto
de Zihuatanejo, S.A. de C.V. was incorporated by means of public instrument
number 44,368, executed on May 28, 1998, by Mr. Emiliano Zubiria Maqueo, Notary
Public number 25 for the Federal District, which first deed copy was registered
with the Public Registry of Commerce for the Federal District, under number
238597, on June 25, 1998.

 

IV.14                     Each of them
holds a Concession for the operation, administration, exploitation and, as the
case may be, construction of the airport corresponding to them and that are
contained in Exhibits "G-1 to G-13" of this Agreement.

 

11

 

IV.15                     Their
representative has sufficient powers and authority to execute this Agreement
under the terms of the following public instruments all of them granted before
Mr.Luis de Angoitia Becerra, Notary Public No. 109 for the Federal District.

 

a)                                      Public
instrument number 52,878 dated August 23, 1999 regarding Aeropuerto de
Acapulco, S.A. de C.V.

 

b)                                     Public
instrument number 52,875 dated August 23, 1999 regarding Aeropuerto de
Chihuahua, S.A. de C.V.

 

c)                                      Public
instrument number 52,880 dated August 23, 1999 regarding Aeropuerto de Ciudad
Juárez, S.A. de C.V.

 

d)                                     Public
instrument number 52,881 dated August 23, 1999 regarding Aeropuerto de
Culiacán, S.A. de C.V.

 

e)                                      Public
instrument number 52,876 dated August 23, 1999 regarding Aeropuerto de Durango,
S.A. de C.V.

 

f)                                        Public
instrument number 52,867 dated August 20, 1999 regarding Aeropuerto de
Mazatlán, S.A. de C.V.

 

g)                                     Public
instrument number 52,870 dated August 20, 1999 regarding Aeropuerto de
Monterrey, S.A. de C.V.

 

h)                                     Public
instrument number 52,869 dated August 20, 1999 regarding Aeropuerto de Reynosa,
S.A. de C.V.

 

i)                                         Public
instrument number 52,879 dated August 23, 1999 regarding Aeropuerto de San Luis
Potosí, S.A. de C.V.

 

j)                                         Public
instrument number 52,877 dated August 23, 1999 regarding Aeropuerto de Tampico,
S.A. de C.V.

 

k)                                      Public
instrument number 52,873 dated August 20, 1999 regarding Aeropuerto de Torreón,
S.A. de C.V.

 

l)                                         Public
instrument number 52,874 dated August 20, 1999 regarding Aeropuerto de
Zacatecas, S.A. de C.V.

 

m)                                   Public
instrument number 52,868 dated August 20, 1999 regarding Aeropuerto de
Zihuatanejo, S.A. de C.V.

 

V.                                    The Service
Company represents, through its legal representative, that:

 

V.1                               It was
incorporated by means of public deed number 44,356, dated May 28, 1998, granted
by Mr. Emiliano Zubiría Maqueo, Notary Public number 25 for the Federal
District, which first deed copy was recorded on June 25, 1998 with the Public
Registry of Commerce for the Federal District under mercantile folio number
238750.

 

V.2                               Its
representative has sufficient authority to enter into this Agreement pursuant
to public deed number 52,872, dated August 20, 1999, granted by Mr. Luis de
Angoitia Becerra, Notary Public number 109 for the Federal District.

 

VI.                                The Strategic Partner represents, through its legal representative,
that:

 

VI.1                           It is a
mercantile company duly incorporated under Mexican law by means of public deed
number 79,502, dated June 9, 2000, granted by Mr. Armando Gálvez Pérez Aragón,
Notary Public number 103 for the Federal District, recorded with the Public
Registry of Commerce for the 

 

12

 

Federal
District and has sufficient authority under its corporate by-laws to enter into
this Agreement and into each of the Transaction Documents.

 

VI.2                           Its capital
stock amounts to Ps.50,000 (Fifty Thousand Mexican Pesos), represented by
50,000 common nominative shares, with a par value of Ps. 1.00 (1 Mexican Peso),
distributed as follows:

 

	
   

  	
   

  	
  Number of Shares

  	
   

  	
   

  	
   

  
	
  Shareholder

  	
   

  	
  Series “A”

  	
   

  	
  %

  	
   

  
	
  Constructoras
  ICA, S.A. de C.V.

  	
   

  	
  24,500

  	
   

  	
  49.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Aéroports de
  Paris

  	
   

  	
  1,000

  	
   

  	
  2.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Vinci, S.A.

  	
   

  	
  24,500

  	
   

  	
  49.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TOTAL:

  	
   

  	
  50,000

  	
   

  	
  100.00

  	
   

  

 

VI.3                           Its legal
representative has sufficient authority to enter into this Agreement and each
of the Transaction Documents, pursuant to the authority granted to him by the
public deed to which paragraph VI.1 refers.

 

VI.4                           Its
shareholders obtained their authorization as participants in the Bidding
Process by means of official document number GTA00-A108 dated March 27, 2000,
issued by the Technical Secretary of the Restructuring Committee of the Mexican
Airport System.

 

VI.5                           Constructoras
ICA, S.A. de C.V. was authorized as Mexican Partner by evidencing sufficient
expertise in the business and labor fields in Mexico, and Aéroports de Paris
was also authorized as Airport Operator Partner by evidencing its ability and
international reputation in the performance of airport and commercial
activities. In addition, Vinci, S.A. (formerly called Société Générale
D'Enterprises) was authorized as Investing Partners of the Strategic Partner.

 

VI.6                           Their
shareholders submitted their bid to acquire the Share Participation under the
terms of the Public Call and such bid was successful, same which was notified
to them on May 31, 2000 by SCT, through the Chairman of the Restructuring
Committee.

 

VI.7                           It has the
necessary technical and financial capacity, as well as sufficient human
resources to comply with its obligations under this Agreement and each of the
exhibits hereto.

 

VII.                            The Partners
of the Strategic Partner represent, through their respective representatives,
that:

 

VII.1                       They appear
to the execution of this Agreement for the purpose of stating their consent to
their obligations under this instrument and the Transaction Documents.

 

VII.2                       Their
representatives have sufficient powers and authority to execute this Agreement
and the Transaction Documents under the terms of the following public
instruments and that such authority has not been revoked or limited in any
manner whatsoever:

 

a)             public
instrument number 59,967, executed on September 29, 1998, by Mr. Jorge Alfredo
Domínguez Martínez, Notary Public number 140 for the Federal District, in which
the powers of the legal representative of Constructoras ICA, S.A. de C.V. are
contained;

 

13

 

b)            public
instrument number 78,528 executed on May 15, 2000, by Mr. Armando Gálvez Pérez
Aragón, Notary Public number 103 for the Federal District, in which the powers
of the legal representative of Aéroports de Paris are contained;

 

c)             public
instrument number 78,524 executed on May 15, 2000, by Mr. Armando Gálvez Pérez
Aragón, Notary Public number 108 for the Federal District, in which the powers
of the legal representative of Vinci, S.A. are contained;

 

VII.3                       On this same
date, the Strategic Partner has evidenced that it has the technical
capabilities required according to the Public Call and based on the Operation
Agreement entered into by Aéroports de Paris and the Strategic Partner on the
same date, under which Aéroports de Paris shall provide the Strategic Partner
the technical assistance and shall transfer the technology that is necessary in
order for the latter to comply with its joint-and-several obligation undertaken
under the terms of Section 1.2 of the Technical Assistance Agreement.

 

VIII.                        The Trustee
represents, through its representative, that:

 

VIII.1                   Under its
Organic Law, it is authorized to carry out trust operations pursuant to its
corporate by-laws and the Financial Institutions Law.

 

VIII.2                   It appears
to the execution of this Agreement for the purpose of becoming aware of the
scope of its obligations as Trustee under certain Transaction Documents and to
state its agreement therewith.

 

VIII.3                   Its
representative is duly authorized to execute this Agreement on its behalf, as
evidenced in public instrument number 32,541, issued on January 14, 1997, by
Mr.Maximino García Cueto, Notary Public number 14 for the Federal District,
which is duly registered with the Public Registry of Commerce for the Federal
District.

 

Based on the recitals above, the parties to this
Agreement agree to be bound by the following.

 

CLAUSES

 

1.                                      Purpose.

 

1.1                                 The purpose
of this Agreement is to set forth the rights and obligations of the Strategic
Partner, the Federal Government, Nafin, the Trustee and the Airport Group by
virtue of the Bidding Process and the selection of the Strategic Partner in the
management of the Assigned Airports under the General Guidelines for the
Opening of the Mexican Airport System to Investment and the Public Call.

 

1.2                                 The parties
hereto acknowledge that experience in the Mexican business practice, the skills
and international experience in the performance of airport and commercial
activities of the Partner of the Strategic Partner and the technical know-how
that it may contribute to the management of the Assigned Airports are
determining motives for the desire of the Federal Government and the Airport
Group to execute this Agreement, the Transaction Documents and any agreements
arising therefrom.

 

1.3                                 Joint
Obligation. The Key Partners executing this
Agreement undertake jointly  and
severally with the Strategic Partner to be bound by obligations contained in Sections
2.1 and 2.3, and the obligations specifically set forth in Sections 2.6,
5.8 and 8.1.7 below. In turn, the Investing Partners executing this
Agreement undertake jointly and severally with the Strategic Partner to be
bound by the obligations mentioned in Sections 2.1 and 5.8 below.

 

14

 

1.4                                 Direct
Obligation of the Key Partners. Notwithstanding the agreements referred
to in Recital VII.3 above, each of the Key Partners hereby assume a direct
obligation pursuant to Section 2.4.1 below.

 

1.5                                 Direct
Obligation of the Strategic Partner and the Airport Operator Partner. The
Strategic Partner and the Airport Operator Partner hereby assume the
obligations referred to in the second paragraph of Section 2.6 and Section
5.10 below.

 

2.             Obligations of the Strategic Partner.

 

2.1                                 Acquisition
of the Shares Package. The Strategic Partner binds itself to
acquire the Shares Package and to pay the price therefor to the Federal
Government upon the terms of the Purchase and Sale Agreement. For that purpose,
on this date, the Federal Government, the Treasury of the Federation and the
Strategic Partner, the Key Partners and the Investing Partners shall execute
the Purchase and Sale Agreement with the Key Partners and the Investing
Partners being joint and several obligors for the payment price of the Shares
Package.

 

2.2                                 Acquisition
of the Optional Shares. Provided that there is no Event of
Default under this Agreement or in any Transactional Document, the Strategic
Partner shall be entitled to subscribe for and shall be obligated to pay the
Optional Shares as provided for in the Option Agreement and in the Issuance
Minutes.

 

2.3                                 Participation
in the Public Offer of the Shares. The Strategic Partner and the companies
constituting the Airport Group expressly assume the obligation to assist Nafin
so that, no later than 4 (four) years from the date hereof, the Airport Group
carries out one or more public offers or other type of allocation to investors,
under the applicable legislation in each jurisdiction (the “Public Offer”) of
at least 36% (thirty-six percent) and all of the Shares of the Holding Company
owned by Nafin, in its capacity as trustee, as provided for by Section 3.3
below.

 

In
order for Nafin to be able to meet its purpose to place the Shares of the
Holding Company as stated above, the Strategic Partner hereby binds itself to
provide to Nafin or to the Holding Company copy of all documents necessary,
including the association documents of the Partners of the Strategic Partners,
and to carry out such actions, agreements and resolutions as may be necessary
for the public offer of the Shares, pursuant to the terms, conditions and
schedule provided by Nafin or its underwriters; it shall agree in the Trust
Agreement that the Trustee votes for the approval of such actions and
resolutions and provides such information and documentation as may be
reasonably required to obtain the registration of the Holding Company and the
Shares with the National Registry of Securities and Intermediaries, as well as
the authorizations from the National Banking and Securities Commission, the
Mexican Stock Exchange (Bolsa Mexicana de Valores, S.A. de C.V.) and, as the
case may be, the corresponding authorities of other countries.

 

It
shall be understood that the Strategic Partner has complied with its obligation
to assist in the above mentioned Public Offer of shares whenever (i) it has
delivered to the SCT representative appointed for that purpose and to Nafin all
the documents required under the Securities Market Law for the above purposes,
official communication 11-29 of the National Banking and Securities Commission
and any other applicable official communication or legal provision, and also
pursuant to the formats of the competent authorities of the jurisdictions where
the shares representing the capital stock of the Holding Company are intended
to be offered and which may be required in writing by Nafin or the Federal
Government in order to carry out the Public Offer of the Shares of Nafin; (ii)
it has provided any information as may be required by the underwriters and
collaborate with them; and (iii) the officers of the Airport Group, of the
Strategic Partner and of the Key Partner requested by SCT attend any of the
road-shows of the 

 

15

 

terms
and conditions of the Public Offer and participate in the preparation,
promotion and performance of such road-shows.

 

The
parties agree that the Strategic Partner shall not receive any fee or
reimbursement of expenses incurred by it by cooperating with Nafin under the
terms of this section. In addition, the Strategic Partner agrees that in the
event of failure to comply with its obligation under the terms of this section,
it shall pay all costs and expenses incurred by Nafin and the Holding Company
in connection with the Public Offer.

 

2.4                                 Preservation
of a Minimum Participation. Pursuant to the provisions of the
Public Call:

 

2.4.1        The
Key Partners must jointly keep a minimum participation of 51% (fifty-one
percent) of the Strategic Partner during the term of this Agreement (the
“Fifteen-Year Waiting Period”) provided that the Mexican Partner must keep a
minimum participation of 25.5% (twenty-five point five percent) in the capital
stock of the Strategic Partner during such Fifteen-Year Waiting Period and any
additional participation shall be considered as a participation of an Investing
Partner subject to the Three-Year or Five-Year Waiting Period set forth below.

 

Furthermore, the Investing Partners must keep their
participation in the Strategic Partner for 3 (three) years as from the first
public offer of Shares of the Holding Company made pursuant to Section 3.3
hereof (the “Three-Year Waiting Period”) or for a period of 5 (five) years as
from the date of execution of this Agreement (the “Five-Year Waiting Period”),
whichever occurs first. Upon the completion of the Fifteen-Year and Three-Year
or Five-Year Waiting Periods, as applicable, the Partners of the Strategic
Partner may dispose of, or otherwise transfer, without restriction, their
participation in the Strategic Partner.

 

2.4.2        The
Strategic Partner must keep 51% (fifty-one percent) of its Share Participation
in the Holding Company acquired under the Purchase and Sale Agreement for a
term of 7 (seven) years from the execution date of this Agreement (the
“Seven-Year Waiting Period”) and 49% (forty-nine percent) of its Share
Participation during the Three-Year Waiting Period or the Five-Year Waiting
Period, as the case may be, provided that upon the expiration of the
Seven-Period Waiting Period, the Strategic Partner may annually dispose of up
to one eighth of the 51% (fifty-one percent) of its Share Participation in the
Holding Company to third parties, and upon the expiration of the Three-Year
Waiting Period or the Five-Year Waiting Period, as the case may be, the
Strategic Partner may dispose of or otherwise transfer, without restriction,
the Shares that it holds in the Holding Company in excess of 51% (fifty-one
percent) of the Share Participation.

 

2.4.3        Exceptions.
The obligations of keeping a minimum participation for the Key Partners, the
Investing Partners and the Strategic Partner included in Sections 2.4.1. and
2.4.2 above, shall not be applicable whenever (i) the participations referred
to in such Sections are transferred in favor of a Related Person that is not an
individual, complying with the requirements set forth in the Public Call and
the Form and notice is given to the SCT fifteen (15) days in advance of such
circumstance evidencing the compliance with the requirements mentioned above;
or (ii) the participations referred to in Section 2.4.1 above are transferred
with the prior authorization in writing from the SCT, between the Partners of
the Strategic Partner or in favor of any third party provided that it is
evidenced that such third party complies with the requirements set forth in the
Public Call and the Form, as the case may be, and in the event that Nafin keeps
an interest of less than 51% (fifty-one percent) of the capital stock of the
Holding Company, in addition to evidencing the requirements mentioned above and
obtaining the authorization of the SCT, the favorable vote of at least 51%
(fifty-one percent) of the capital stock of the Holding Company shall be
required. In any event mentioned in items (i) and (ii) of this paragraph, the
purchaser 

 

16

 

shall bind itself in writing with the parties to each
of the Transaction Documents to comply with the obligations set forth therein
prior to the transfer of the corresponding participation.

 

2.5                                 Participation
Limit. Under the By-laws of the Holding Company, Series
"A" and "B" shareholders, individually or jointly with a
group of Related Persons, may keep up to 10% (ten percent) of the Shares
representing the capital stock of the Holding Company, provided that such
limitation shall not be applicable to the Federal Government or to Nafin, as
set forth in the By-laws of the Holding Company. Series "BB"
shareholders shall have no limit of participation with respect to such series,
however, the "BB" Series may only represent 15% (fifteen percent) of
the capital stock. In the event that any "BB" Series shareholder
acquires individually or jointly with a group of Related Persons Series
"A" or "B" shares, such shareholders shall have a maximum
participation of 20% (twenty percent) of the capital stock of the Holding
Company and may only exercise the vote of Shares representing up to 10% (ten
percent) of such capital stock.

 

2.6                                 Execution of
the Technical Assistance Agreement. The Strategic Partner executes, on this
date, the Technical Assistance Agreement with the Holding Company, the Service
Company and the Concession Companies for the purpose of establishing and
regulating its rights and obligations set forth in Section 2.8.2 below,
and also to set forth the obligation of the Strategic Partner to provide
technical assistance and transfer the necessary technology to the Airport Group
for the operation of the Assigned Airports under the technical proposal
submitted by the Strategic Partner in the Bidding Process. The Technical
Assistance Agreement shall become effective on the date on which the Strategic
Partner receives from the Federal Government the second Shares Package under
the terms of the provisions of Section 2.5 of the Purchase and Sale Agreement. The
Key Partners shall be jointly liable with the Strategic Partner with respect to
the obligations contained in Sections 2.2, 3.2, 9.1 and 9.3 of the
Technical Assistance Agreement.

 

The
Strategic Partner and the Airport Operator Partner declare and guarantee that
they have agreed (i) that at the end of the fourth anniversary of the Technical
Assistance Agreement, the Airport Operator Partner shall maintain a minimum
participation of 10% (ten percent) of the capital stock of the Strategic
Partner represented by shares with full voting rights and non-assessable. The
participation in the capital stock of the Strategic Partner that the Airport
Operator Partner acquires in accordance with the provisions of this paragraph
shall be considered as a participation of a Key Partner in the Strategic
Partner and, therefore it shall be subject to the permanency obligations
provided for in Section 2.4.1 of this Agreement; and (ii) that such
obligation may not be modified without the authorization of the SCT. Notwithstanding
the foregoing, if the Strategic Partner and the Airport Operator Partner agree
that the latter maintains a greater participation in the capital stock of the
Strategic Partner, provided that the participation of the Mexican Partner in
the Strategic Partner is not less than 25.5% (twenty-five point five percent),
the authorization of the SCT will not be required, but it shall be enough that
the Strategic Partner gives the SCT a notice in connection with such
acquisitions of additional participation at least 3 (three) businesses days
prior to the date in which the same becomes effective.

 

The
Strategic Partner and the Partners of the Strategic Partner accept that the
non-compliance with the provisions of the preceding paragraph will cause an
immediate reduction of 50% (fifty percent) of the compensation provided for in Section
6.2.1 of the Technical Assistance Agreement.

 

2.7                                 Contribution
to the Trust. For the purpose of guaranteeing (i) the
negative covenants provided for in Section 2.4 above, (ii) the
obligation of the Strategic Partner not to vote more than 10% (ten percent) of
the Shares, and that the Shares exceeding such percentage are voted in the same
manner as a majority of the Shares into which the capital stock of the Holding
Company is 

 

17

 

divided,
and (iii) the obligations set forth in the Technical Assistance Agreement, the
Strategic Partner, the Holding Company and the Trustee agree to execute on this
date the Trust Agreement, in which the Trustee shall act as such, the Strategic
Partner shall act as trustor and first beneficiary, and the Holding Company
shall act as second beneficiary. By virtue of such Trust Agreement, the
Strategic Partner shall contribute the Shares Package to the Trustee, so that
such shares are kept in the Trust. Likewise, the obligation of the Strategic
Partner to contribute the Optional Shares it may acquire to the Trust shall be
set forth.

 

2.8                                 Participation
in the Management. The Strategic Partner shall participate
in the management of the Concession Companies through the following mechanisms:

 

2.8.1        Board
of Directors. The Strategic Partner shall participate in the board of
directors of the Holding Company through the appointment of 3 (three) permanent
members thereof and their alternates, such appointment corresponding to it by
reason of its holding of Series “BB” Shares of the Holding Company. As long as
Nafin maintains a participation in the capital stock of the Holding Company
equivalent to or greater than 50% (fifty percent), the Strategic Partner,
through the Trustee, shall appoint such members, in compliance with the
requirements set forth in the By-laws and the Shareholders’ Agreement. Once
Nafin keeps a participation of less than 50% (fifty percent), the 3 (three)
members shall be appointed by the Series “BB” shareholders at the shareholders
meeting pursuant to the By-laws and must satisfy at least the requirements set
forth below:

 

(i)                                                 be persons
of good reputation and thorough business experience, as such requirements may
be defined by the Nomination and Compensation Committee;

 

(ii)                                              they must
have no conflict of interest with the Airport Group; and

 

(iii)                                           such persons
shall not hold any position in the Airport Group.

 

2.8.2        Officers
of the Airport Group. The directors appointed by the Strategic Partner
pursuant to paragraph 2.8.1 above shall be entitled to designate and freely
remove 3 (three) of the members of the Operating Committee and their
alternates, one of which must be the General Director, as well as one half of
the number of people forming the first level of management and reporting to the
General Director pursuant to the organizational chart attached to this
Agreement as Exhibit “J”, or in accordance with any new organizational
chart that in the future is approved by the Board of Directors of the Holding
Company, provided that such persons shall have, at least, the duties referred
to below in paragraphs 2.8.2.3 to 2.8.2.5, as applicable, and who must comply
with the requirements set forth under the Technical Assistance Agreement:

 

2.8.2.1               Operating
Committee: The Holding Company and the Airport Group shall be jointly
managed by an Operating Committee which shall be formed by 6 (six) members, who
may or may not be officers of the Service Company. Pursuant to the By-laws, the
members of the board of directors of the Holding Company appointed by the
series “BB” shareholders shall appoint and be entitled to remove 3 (three) members
that form the Operating Committee and their alternates, one of whom must be the
General Director, and the remaining 3 (three) shall be designated by majority
vote of the board of directors of the Holding Company. The General Director
shall act as Chairman of the Operating Committee and shall have a deciding vote
in the event of a tie.

 

2.8.2.2               General
Direction: The General Director shall be responsible for the
management of the Airport Group and monitoring the operation of the corporate
business through the planning, programming and organization of the Airport
Group. For such purposes, he 

 

18

 

shall
also be required to (i) direct the performance of the Airport Group programs;
(ii) take any steps conducive to performing the functions of the Airport Group,
airport operation and the rendering of services, so as to render such services
in an articulated, congruent and efficient manner, and to maintain close
coordination with the competent authorities; and (iii) verify, control and
evaluate the performance of the Airport Group.

 

2.8.2.3               Senior
Position in charge of the Marketing Area:
Responsible for (i) the preparation and application of marketing programs
intended to increase the traffic or income of the Assigned Airports, as well as
to monitor the effectiveness of the marketing practices, (ii) coordinate with
regional and national agencies and other instances, the promotion of the
Assigned Airports and the region with the airlines, tourist operators, travel agencies
and other traffic generators; (iii) prepare and carry out advertising
strategies with mass media and public relations agencies; (iv) the relationship
with the operative areas with respect to customer satisfaction programs and
practices; and (v) the creation of a marketing team and achieve an adequate
transfer of technology, reporting in all events directly to the General
Direction;

 

2.8.2.4               Senior
Position in charge of the Commercial Area:
Responsible for (i) developing commercial activities in the Assigned Airports
pursuant to the standards offered by the Strategic Partner in its technical
offer (commercial premises, food and beverages, advertising, etc.); (ii) the
preparation of global strategies, including marketing, commercialization, real
estate development, advertising and its application thereof throughout the
Airport Group; (iii) collaborate with the Financial Area and the legal
department to guarantee that the terms and awarding of the commercial
agreements conform to the best commercial and international practice, (iv) the
development of coordination programs which retailers/tenants which shall
include surveillance and audit procedures; and (v) creating and training the
commercialization team by Assigned Airport and throughout the Airport Group,
reporting in all events directly to the General Direction;

 

2.8.2.5               Senior
Position in charge of the Financial and/or Administrative Area:
Responsible for (i) the strategy of improvement, updating and installation of
the information systems and the financial reports that may be required; (ii)
control of the treasury and investments of the Airport Group; (iii) collaborate
with the General Direction and other areas to develop the business plans of the
Airport Group, budgets and financial goals; (iv) the relationship with the
capital markets and implementing strategies of relationships with investors
including the coordination of the registry of the Holding Company in the
securities markets where the Public Offer is carried out, if applicable, as
well as to coordinate the works of the Holding Company tending to conclude the
Public Offer; (v) development and implementation of financing, treasury and
comptrollership policies; (vi) formulation and application of acquisition and
supplying procedures; and (vii) making sure that the members of this department
receive proper training, reporting in all events directly to the General
Direction and working closely with the Auditing Committee of the Service
Company;

 

2.8.2.6               Senior
Position in charge of the Area of Operations:
Responsible for auditing and supervising and, as the case may be, improving the
systems of operation and equipment related to the administration of the
terminal, flight and landing area, management of passengers, distribution of
taking-off and landing schedules, security and environmental protection; and

 

19

 

2.8.2.7               Senior
Position in charge of the Area of Human Resources: It shall
prepare and be responsible for the labor relationship and maximizing the labor
force and the collective labor relationships.

 

The
above described positions may be gathered in one officer or person in
accordance with the chart attached hereto as Exhibit "J".

 

2.9                                 Acknowledgement
of the Obligations of the Airport Group. The Strategic
Partner represents that is aware of the By-laws of the Holding Company, the
Service Company and of the Concession Companies and therefore, is acquainted
with the mechanisms set forth in such documents for the making of decisions
within the Airport Group in connection with its operation, with which it
obliges itself to comply in all respects.

 

Likewise,
the Strategic Partner states that it is aware of the terms and conditions
contained in the Management Services Agreement and that under this Agreement,
it assumes the obligation to provide the Service Company such technical
assistance as may be required pursuant to the Technical Assistance Agreement,
so that the Service Company may comply, in turn, with its obligations under the
Management Services Agreement. The foregoing shall not be understood as an
adhesion by the Strategic Partner to the Management Services Agreement.

 

Finally,
the Strategic Partner acknowledges that it is fully aware that the companies
that comprise the Airport Group have executed collective bargaining agreements
with their employees and have different plans with respect to their labor
relationships as mentioned in Section 6.1.3 below.

 

3.                                      Obligations of the Federal Government and Nafin.

 

3.1                                 Sale of the
Shares Package. The Federal Government agrees to sell
and transfer the Shares Package to the Strategic Partner upon the full payment
of the price thereof upon the terms set forth in the Purchase and Sale
Agreement, provided that the Strategic Partner shall, upon receipt of the certificates
representing the capital stock of the Airport Group, contribute to the Trust
referred to in Section 2.7 above, the Shares corresponding to the Shares
Package.

 

3.2                                 Execution of
Agreements. The Federal Government, Nafin and the
Trustee, agrees to execute on this date (i) the Purchase and Sale Agreement;
(ii) the Trust Agreement; (iii) the Shareholders’ Agreement, (iv) the Option
Agreement; and (v) to hold the Extraordinary Shareholders’ Meeting
respectively, as applicable.

 

3.3                                 Public Offer
of Shares. Not later than 4 (four) years from the date of this
Agreement, Nafin agrees to make one or more public offers or other kind of
public stock placement according to the applicable regulation of each
jurisdiction which jointly represent at least 36% (thirty-six percent), in the
aggregate, of the Shares representing the capital stock of the Holding Company
held by Nafin, in the domestic and international securities markets, only if
the market conditions are advantageous to carry out such sale.

 

3.4                                 Purchase Option. In the
event that Nafin is not able to carry out the Public Offer of at least 36%
(thirty-six percent) of the Shares representing the capital stock of the
Holding Company pursuant to Section 3.3 above, Nafin promises to sell to
the Strategic Partner a number of Shares equivalent to 36% of the capital stock
of the Holding Company (the “Additional Shares”) outstanding at that time
(without considering such Portion of Shares pending exercise pursuant to the
Option Agreement), upon the terms and conditions set forth below:

 

3.4.1.       The
sale price of the Additional Shares shall be equal to $0.0768 U.S. Dollars
($0.0768 U.S. Dollars), plus interest equal to 5% (five percent) per year. The
price of the Additional Shares shall be decreased, as the case may be, in an
amount equivalent to the amount of 

 

20

 

dividends paid in cash or in shares by the Holding
Company to Nafin as of the date of execution of this Agreement.

 

3.4.2.       The
Strategic Partner shall have a period of 12 (twelve) months from the fourth
anniversary of the execution of this Agreement in the event that the public
offer of shares referred to in Section 3.3 above is not performed, to
notify Nafin in writing (the “Purchase Notice”) of its intention to exercise
the purchase right set forth in Section 3.4 above, provided that if the
Purchase Notice is not filed in the aforementioned period such purchase right
shall be deemed as terminated.

 

3.4.3.       Upon
receiving a Purchase Notice, Nafin and the Trustee, within 30 (thirty) business
days must (i) hold a shareholders meeting of the Holding Company which purpose
is to eliminate the limits of individual participation set forth in Article Ten
of the By-laws of the Holding Company so that the Strategic Partner is able to
acquire the Additional Shares, (ii) execute an agreement for the modification
of the Transaction Documents in order to eliminate the limits of individual
participation for the shareholders of the Holding Company; and (iii) obtain all
the governmental authorizations required for that purpose.

 

3.4.4.       In
the event that the Strategic Partner has filed a Purchase Notice with Nafin,
the Strategic Partner must pay the price to Nafin in U.S. Dollars, currency of
the United States of America, or in pesos, at the exchange rate of the payment
date, as published by Banco de México in the Official Gazette of the Federation
in immediately available funds, in the manner instructed by Nafin in writing
not later than 60 (sixty) business days after the date of receipt by Nafin of
the Purchase Notice.

 

3.4.5.       In
the event that the Strategic Partner acquires the Additional Shares, it must
execute with Nafin prior to such acquisition, an agreement by virtue of which
it undertakes the following obligations:

 

(i)                                     Within 5
(five) years from the date of acquisition of the Additional Shares, it shall
sell and place in the domestic and international securities markets through one
or several public offers or other type of placements to investors pursuant to
the applicable legislation in each jurisdiction, shares representing at least
36% (thirty-six percent) of the capital stock of the Holding Company, in which
case Nafin shall be entitled to sell therein or in the other public offers, a
proportion of Shares equal to those placed by the Strategic Partner, and

 

(ii)                                  Nafin shall
be entitled to sell its Shares in the securities market through a public offer
at any time after execution of this Agreement and notwithstanding the fact that
the Strategic Partner has acquired the Additional Shares it shall continue to
be bound pursuant to Section 2.3 above, upon Nafin’s request. In the
event that Nafin places its Shares in the securities market, the Strategic
Partner must sell its participation in the Additional Shares in such public
offer, provided that the sale price per share (considering any dilution) is
equal to or greater than the price of exercise and acquisition of the
Additional Shares in dollars at the exchange rate of the date of acquisition
thereof plus interest equal to 5% (five percent) per year. In the event that
favorable market conditions exist and the Strategic Partner fails to comply
with the obligation set forth in paragraph (i) above and in this paragraph, the
Strategic Partner shall contribute the Shares owned by it at that time
representing 36% (thirty-six percent) of the capital stock of the Holding
Company in an irrevocable trust where the trustee is instructed to vote such
Shares in the same manner as 

 

21

 

the
vote of a majority of the capital stock of the Holding Company, unless the
price of the Public Offer is less than the price of acquisition of the
Additional Shares in dollars at the exchange rate of the acquisition date
thereof plus interest equal to 5% (five percent) per year.

 

(iii)                               In the event
that the market conditions do not allow the Strategic Partner to comply with
the requirements of paragraph (i) above, the agreement referred to in this
Section shall survive for an indefinite period of time until the market
conditions allow the Strategic Partner or Nafin to comply therewith.

 

(iv)                              In the event
that Nafin wishes to exercise the right mentioned in paragraph (i) above, the
Strategic Partner must comply with the obligations contained in Section 2.3
above, determining by common agreement the percentage of shares that may be
offered in the securities market. In all events, Nafin and the Strategic
Partner shall participate in such offer with the sale of Shares in equal
amounts.

 

(v)                                 In the event
that the Strategic Partner contributes its Shares to a trust upon the terms of
paragraph (ii) above, the Strategic Partner shall have at all the times the
right to instruct the trustee to sell such Shares in the securities market and
to deliver to it the proceeds thereof.

 

3.4.6.       The
Shares Package and the Optional Shares, as the case may be, shall be kept in
the Trust to guarantee only the obligations of permanence provided for in Sections
2.4. and 2.4.2 above, therefore amending the Trust Agreement in order for
the Strategic Partner to become entitled to instruct the Trustee as to the
manner in which the Shares Package must be voted in its entirety.

 

3.5                                 Nafin, in
its capacity as trustee, undertakes to comply with the terms of the Purchase
and Sale Agreement referred to in recital 1.14 above, as well as to execute the
Shareholders’ Agreement and to comply with the obligations contained therein,
in particular those provided for in Section 3.4 above.

 

4.                                      Obligations
of the Airport Group.

 

4.1                                 Optional
Shares. Once the Strategic Partner has acquired the Shares Package
and the shareholders of the Holding Company have approved this acquisition, the
Holding Company undertakes to issue the Optional Shares and to keep them in its
treasury pending their subscription and payment by the Strategic Partner during
such period and upon such terms as set forth in the Option Agreement. Likewise,
it undertakes to keep such Optional Shares representing at all times 3% (three
percent) of the capital stock of the Holding Company after issuance thereof. Accordingly,
the Holding Company undertakes to execute the Option Agreement.

 

4.2                                 Technical
Assistance Agreement. The Holding Company, the Service
Company and the Concession Companies undertake to execute as of this date the
Technical Assistance Agreement and consequently, to carry out any acts
necessary for the performance of their obligations thereunder.

 

4.3.                              Public Offer. The
Holding Company assumes the obligations set forth in Section 2.3 above with
respect to the assistance to Nafin in the achievement of the Public Offer in
accordance with the terms, conditions and time schedule that to such effect is
established by Nafin or by its underwriters.

 

4.4.                              Prohibition
of Sale or Assignment. The Holding Company agrees that during
the term of the Option Agreement, it shall not transfer more than 49%
(forty-nine percent) of the capital stock of 

 

22

 

any
of the Concession Companies, nor shall it allow that the latter assign the
Concessions they have to operate the Assigned Airports. In any event, the
Holding Company shall observe the relevant provisions contained in the By-laws
of the Holding Company.

 

5.                                      Commitments of the Strategic Partner.

 

The Strategic Partner
guarantees to the Federal Government and to the Airport Group that upon the
execution of this Agreement and as long as its obligations under the
Transaction Documents remain in force that:

 

5.1                                 Incorporation,
Organization and Authorities. It is a company duly incorporated and
validly existing as stated in the recitals section of this Agreement and that
its legal attorney has sufficient authority to execute the same and to bind the
Strategic Partner as provided for under the Transaction Documents.

 

5.2                                 Validity of
the Agreement. This Agreement has been validly entered
into by the Strategic Partner and constitutes a valid and binding obligation of
the Strategic Partner, enforceable in accordance with its terms.

 

5.3                                 Approvals or
Notices. Except for the authorizations set forth in Section
7.1.4 of this Agreement, the execution of this Agreement by the Strategic
Partner and the Key Partners and the performance of the transactions
contemplated herein: (i) does not breach or require the consent, approval or
filing of any notice under any applicable law; (ii) except for the Trust, does
not result in the creation of any lien on the shares, does not constitute a
breach or result in the acceleration or advance termination of the obligations
of the Strategic Partner or the Key Partners or in the creation of a lien
pursuant to the corporate by-laws of the Strategic Partner or the corporate
by-laws of the Key Partners or in the advance termination of any mortgage deed,
lease, license agreement, agreement or instrument to which the Strategic
Partner or the Key Partners is a party or by virtue of which the Strategic
Partner, the Key Partners or their assets are affected in a manner such that
they originate a default on the obligations of the Strategic Partner or the Key
Partners in respect of any Transaction Document or represent a contingency
equivalent to or greater than 10% (ten percent), jointly or individually of
their annual net sales; and (iii) does not result in the termination or
forfeiture of any right in the agreements to which the Strategic Partner or the
Key Partners are a party.

 

5.4                                 Taxes. As of the
date hereof, the Strategic Partner and the Key Partners have filed in due time
with the federal, state and municipal authorities, as well as with any other
governmental entities, all necessary tax returns and made all tax payments that
must be made with respect to the Strategic Partner and have paid, or made a
provision in their financial statements for, all taxes derived from the
operation thereof, and no issue has arisen or been claimed by the authorities
in connection with the above, or if such is the case, have initiated the
appropriate actions which are necessary to challenge the payment of taxes that
were improperly assessed or confirm their compliance with the tax laws.

 

5.5                                 Litigation. As of the
date hereof, neither the Strategic Partner nor the Key Partners have any
litigation, proceeding, claim or governmental investigation pending, or
litigations brought by any third parties other than those with respect to which
SCT has been informed during the Bidding Process, that might affect the
continuance of their operations if resolved adversely against the Strategic
Partner or the Key Partners, including any judgment in bankruptcy or suspension
of payments, upon its own request or upon third parties request, and are in
compliance with their payment obligations with any third parties, or as the
case may be, have initiated the corresponding actions to confirm the compliance
with such obligations.

 

23

 

5.6                                 Financial
Statements. The Partners of the Strategic Partner
maintain financial statements that (i) are true, complete and have been
prepared according to the records of the Partners of the Strategic Partner;
(ii) accurately reflect the financial condition, assets and liabilities of the
Partners of the Strategic Partner; (iii) have been prepared pursuant to
generally accepted accounting principles, consistently applied; and (iv) will
be delivered to the Federal Government upon its request. Likewise, the
Strategic Partner undertakes to maintain financial statements that comply with
the provisions of numerals (i) and (ii) above and to deliver them to the
Federal Government upon its request.

 

5.7                                 Patents and
Trademarks, etc. The Strategic Partner and the Key
Partners, as applicable, have all patents, registered trademarks, software
licenses and copyrights as may be necessary to render the technical assistance
under the Assistance Agreement. No patent or patent application necessary to
render the technical assistance under such Agreement is involved in a patent
infringement proceeding, which might limit its use. The Strategic Partner or
the Partners of the Strategic Partner do not use and have not planned to use or
sell any asset that might infringe on any brand, patent, license or right of
any individual or legal entity which might require a license or sublicense
under any such patents, licenses or rights. The Strategic Partner or the
Partners of the Strategic Partner have not received any notice notifying them
that they have infringed any patents, trademarks, licenses, copyrights,
industrial secrets or any other rights related to the Technical Assistance
Agreement to the prejudice of any individual or legal entity.

 

5.8                                 Guarantee. The
Partners of the Strategic Partner granted a guarantee as part of the Bidding
Process covering the payment of damages and losses in the event of default in
the payment of the price of the Shares Package and any other consideration in
favor of the Federal Government under the Purchase and Sale Agreement.

 

5.9                                 Financial
Structure. In accordance with that which is set
forth in Section 9.6.3 of the Public Call, the Strategic Partner agrees to keep
in its financial structure, for a period of 15 (fifteen) years from the date of
signing of this Agreement, a debt level in which the total debt-to-equity ratio
shall be less than or equal to 50% (fifty percent).

 

5.10                           Airport
Operator Partner's Participation in the Strategic Partner. The
Airport Operator Partner shall have, at the end of the fourth year of the term
of the Technical Assistance Agreement, a minimum participation of 10% (ten
percent) in the capital stock of the Strategic Partner, represented by shares
with full voting rights and non-assessable, which participation shall be
subject to the permanence obligations provided for in Section 2.4.1 of
this Agreement; and such obligation will not be modified without the
authorization of the SCT.

 

6.                                      Commitments
of the Airport Group.

 

The
Airport Group represents and warrants that:

 

6.1                                 Organization
and Authority. Each of the companies that constitute
the Airport Group is a company duly organized and validly existing under the
laws of the United Mexican States. Furthermore, each of the companies that
constitute the Airport Group has sufficient powers and authority to lease,
encumber and use its assets, as well as to carry out its business as they
currently carried them in the United Mexican States. No dissolution or
liquidation proceeding has been filed by any such companies. The companies of
the Airport Group have made available to the Strategic Partner complete copies
of their registry books, the minutes of their board of directors' and
shareholders' meetings, as well as any other books and records of the company,
all of which are adequate and correct.

 

24

 

6.2                                 Validity of
the Agreement. This Agreement has been validly
executed by the companies that comprise the Airport Group and constitutes a
valid and binding obligation for each of them, enforceable under the terms set
forth herein.

 

6.3                                 Capitalization. Except for
the Optional Shares each and all of the Shares that constitute the capital
stock of the companies of the Airport Group have been duly authorized, fully
paid, have been issued in accordance with any applicable laws and in their
issuance there is no breach of any preferential or similar rights. In addition
to such Optional Shares, there are no options, guarantees, rights, agreements,
calls, commitments and offers of any nature related to the Shares. The Shares
are free from any lien, interest, restriction or limitation of title.

 

6.4                                 Approvals or
Notices. Except for the authorizations referred to in the recitals
of this Agreement, which have been obtained, the execution hereof by the
Airport Group and the transactions contemplated herein shall not (i) breach or
require any consent or approval under any applicable law; (ii) except for the
Trust, result in the creation of any lien on the Shares, constitute a default
or result in the acceleration of the obligations of the companies that comprise
the Airport Group or in the creation of any lien on any portion of the assets
of the companies under the corporate by-laws of the companies that constitute
the Airport Group or any mortgage deed, lease, license agreement, agreement or
instrument to which the companies are a party or by virtue of which any of them
or their assets are affected; or (iii) result in the termination or forfeiture
of any right in the agreements to which they are parties.

 

6.5                                 Financial
Statements. The Financial Statements are true and
correct, complete and have been prepared according the terms mentioned in the
notes of the auditors submitted therewith.

 

6.6                                 No
Amendments. Except as otherwise provided for in Exhibit
"I" of this Agreement, as of the date of preparation of the
Financial Statements, as reflected therein, there has been no adverse change in
the assets, liabilities, financial condition and operations of the Airport
Group that may prevent the companies conforming the same from continuing to
operate, except for any changes arising in the ordinary course of business or
such amendments and situations as have been informed to the Strategic Partner.
In the event of any change, as provided for in this paragraph, to the detriment
of the Airport Group, the Federal Government shall only respond under the terms
of Section 10. of the Stock Purchase and Sale Agreement, in case that the
working capital generated (current assets minus current liabilities) as of the
date of the Financial Statements is not sufficient to compensate for such
changes in favor of the Airport Group.

 

6.7                                 Title to
Concessions. Each of the Concession Companies holds
title of a Concession for 50 (fifty) years, subject to extension, to
administer, operate or exploit and, as the case may be, build the Assigned
Airport corresponding to each of them, and to use and enjoy the public domain
assets referred to in such Concessions and which are necessary for the
operation of the corresponding Assigned Airports, and such Concessions are not subject
to any proceeding that may affect their validity.

 

6.8                                 Title to
Assets. Each of the Holding Companies owns the assets described in
the Personal Property Purchase and Sale Agreement, which are free and clear of
any lien or limitation of title.

 

6.9                                 Taxes. The
Airport Group has timely filed with the corresponding federal, state and
municipal authorities, and with any other governmental entities, all necessary
tax returns and made all payments with respect to the companies that constitute
the Airport Group and has paid, caused to be paid, or made a provision in the
Financial Statements, for the payment of all taxes arising from the operation
thereof and no matter has arisen or been claimed by the competent authorities
and therefore, they do not reserve any right or action to claim any payment or
compensation thereof.

 

25

 

6.10                           Litigation. The
Airport Group has no litigation, proceeding, claim or governmental
investigation pending against the companies that constitute the Airport Group,
or any litigation brought by any third parties, other than those which have
already been informed to the Strategic Partner during the Bidding Process in
the Process Information, which might prevent the continuance of their operations
if resolved adversely against the companies that constitute the Airport Group.
In addition, it has no knowledge that a bankruptcy or suspension of payments
procedure has been initiated, since they are in compliance with all their
monetary obligations.

 

6.11                           Compliance. No notice
has been received by the companies that constitute the Airport Group informing
them that they have incurred in any breach to the Concessions any law,
requirement, regulation, injunction, notice, decree, or any violation, except
as otherwise informed to the Strategic Partner during the Bidding Process,
which might prevent the Concession Companies from continuing with their
operations. Likewise, none of the Concession Companies has breached their
corporate by-laws or violated any corporate restrictions. The companies that
constitute the Airport Group are not under the presumption of any event of
default with respect to any provisions contained in any agreement, contract or
instrument to which the companies are a party and under which they are bound in
such manner that it prevents that they continue operating or maintaining any of
their properties or assets.

 

6.12                           Compliance
with Environmental, Health and Safety Matters. To the
knowledge of the Airport Group:

 

6.12.1      Each
of the companies that constitutes the Airport Group is in compliance with all
applicable environmental laws, except as otherwise indicated in the audit
carried out by the Federal Environmental Protection Agency, and must comply
with the plan of action determined for it by such authority and informed to the
Strategic Partner during the Bidding Process in the Process Information;

 

6.12.2      Any
notices, permits, licenses or similar authorizations that should have been
obtained or filed with any environmental authority in connection with the
operation of the business have already been obtained or, as the case may be,
filed, except as otherwise indicated in the audit carried out by the Federal
Environmental Protection Agency and it must comply with the plan of action determined
for it by such authority and informed to the Strategic Partner during such
Bidding Process in the Process Information;

 

6.12.3      There
are no past or pending investigations, proceedings or claims against the
companies that constitute the Airport Group related to the presence, removal or
disposal of any hazardous material or due to any breach of any applicable
environmental law, except as otherwise informed to the Strategic Partner during
the Bidding Process in the Process Information;

 

6.12.4      Out
of the ordinary course of business, no hazardous material has been stored or
kept in any building owned by the companies that constitute the Airport Group
or under their concession, or in any building leased by the companies, other
than those which were informed to the Strategic Partner during the Bidding
Process in the Process Information;

 

6.12.5      None
of the buildings owned, leased or operated by the companies that constitute the
Airport Group has been used as a waste site or contains underground storage
tanks, except as otherwise informed to the Strategic Partner during the Bidding
Process and except for those necessary in the ordinary course of their
business;

 

26

 

6.12.6      The
companies that constitute the Airport Group have no knowledge of any conditions
or circumstances that exist or have existed that might have caused or imposed
any responsibility for such companies with respect to any applicable
environmental law, except for those informed to the Strategic Partner during
the Bidding Process in the Process Information;

 

6.12.7      No
company constituting the Airport Group has received any notice or claim or has
knowledge of any factors from which it may be implied that they are responsible
vis-à-vis any person, as a result of any hazardous material originated or
stored in any building owned or leased by the companies at any time, or that
such materials have been unloaded, issued, removed or transported from any
other source to any building owned or leased by the companies that constitute
the Airport Group, except as otherwise stated to the Strategic Partner during
the Bidding Process in the Process Information; and

 

6.12.8      No
condition or circumstance exists or has existed, and none of the activities
carried out by the companies that constitute the Airport Group is occurring or
has occurred, that has resulted in an exposure to a hazardous material
affecting any person or property with respect to which the owner of the
building or the companies constituting the Airport Group might be held
responsible in the future for damages and losses resulting from such exposure,
except as otherwise stated to the Strategic Partner in the Information Process
during the Bidding Process.

 

6.13                           Labor
Matters. None of the companies that constitute the Airport Group
has suffered any strike or lockout by any union or group of workers, except for
what was disclosed to the Strategic Partner during the Bidding Process in the
Process Information. Each of the companies, as of the date hereof, has made all
payments required by the applicable laws or has reserves, as reflected in their
respective financial statements, sufficient for the making of such payments
already due to the Retirement Savings Fund System and the Mexican Social
Security Institute. The companies have complied with all applicable provisions
set forth in the labor laws for the operation of the companies that constitute
the Airport Group, including provisions concerning the income withholding tax,
labor relationships, fees, equal opportunities, payment of pensions,
assessments, social security and other taxes.

 

The
companies that constitute the Airport Group have executed collective bargaining
agreements with their employees. Likewise, they have executed several plans
with respect to their labor relationships, which include, for example, but
without limitation, social security plans (birth, marriage and death) and
savings fund plans.

 

7.                                      Conditions
Precedent.

 

7.1                                 Conditions
Precedent for the Strategic Partner. The
Strategic Partner stipulates that no obligation shall arise for the Federal
Government or the Airport Group under this Agreement and the Transaction
Documents, due to a failure by the Strategic Partner in not complying with the
following conditions precedent:

 

7.1.1        Formalization.
The Strategic Partner shall have formalized the Transaction Documents on the
date of this Agreement;

 

7.1.2        Payment
of the Price. The Strategic Partner shall have paid the price of the Shares
Package on the date established by, and under the terms of, the Stock Purchase
and Sale Agreement;

 

7.1.3        No
Default. No Event of Default imputable to the Strategic Partner under this
Agreement or the Transaction Documents shall have occurred; and

 

27

 

7.1.4        Authorizations.
The Strategic Partner shall have obtained each and all necessary corporate and
governmental authorizations, including the authorization from the
Inter-departmental Commission for the Granting of Concessions and Permits under
the Airports Law referred to in Article 21 of such law, and from the Federal
Competition Commission, to execute this Agreement and any other Transaction
Document.

 

7.2                                 Conditions
Precedent for the Federal Government and the Airport Group. The
Federal Government and the Strategic Partner agree that no obligation shall
arise for the Strategic Partner under this Agreement and the Transaction
Documents, as long as the Federal Government or the Airport Group, as the case
may be, comply with the following conditions precedent:

 

7.2.1        Formalization. The Federal
Government and the Airport Group shall have executed on the same date of this
Agreement the applicable Transaction Documents;

 

7.2.2        No Default. No Event of Default
hereunder or under the Transaction Documents imputable to the Federal
Government or to the Airport Group affecting the Strategic Partner shall have
occurred;

 

7.2.3        Extraordinary Shareholders' Meeting.
The Extraordinary Shareholders Meeting shall have been held authorizing the
issuance of Optional Shares for the subsequent subscription and payment
thereof.

 

8.                                      Events of
Default.

 

8.1                                 Events of
Default by the Strategic Partner. In any Event of Default by the
Strategic Partner on its obligations under this Agreement or any of the
Transaction Documents, the Federal Government and the Airport Group shall be
entitled to exercise the remedies set forth in Sections 8.3 and 9.
below, as the case may be. 

 

The
following are considered as Events of Default by the Strategic Partner under
this Agreement:

 

8.1.1        Failure to pay the price of the Shares
Package and any other consideration to the Federal Government under the Stock
Purchase and Sale Agreement;

 

8.1.2        Failure to comply with any of the
obligations under the Technical Assistance Agreement once such default is
considered as an Event of Default pursuant to such agreement and such Technical
Assistance Agreement has been terminated in advance as a consequence of such
Event of Default. It shall not be considered that there is an Event of Default
for the purposes of this Agreement in the event that the termination of the
Technical Assistance Agreement is pending resolution by an arbitration court
pursuant to the terms thereof, until such termination has been declared by the
aforementioned arbitration court

 

8.1.3        Failure to comply with any of the
positive and negative covenants under this Agreement or the commitments
contained in Section 2.6, as well as in Section 5. above;

 

8.1.4        Any Change of Control in the Strategic
Partner during the Seven-Year Waiting Period or any Change of Control in any of
the Key Partners of the Strategic Partner, except as otherwise previously
authorized, in the latter case, by SCT pursuant to Section 2.4.3 above,
or unless the term referred to in Sections 2.4.1 and 2.4.2 above has
elapsed;

 

8.1.5        Any legal action brought by the
Strategic Partner, its Key Partners or any third party against the Strategic
Partner or the Key Partners, resulting in the declaration of bankruptcy or of
suspension of payments of a court of competent jurisdiction, provided that said
declaration is not declared unfounded and unlawful by a court of competent
jurisdiction for a term of 90 (ninety) business days after the date of receipt
of the notice referred to in Section 8.6 below; or

 

28

 

8.1.6        The loss at any time by the Strategic
Partner or by the Key Partners of the Strategic Partner of at least 70%
(seventy percent) of its net worth, in an act or series of successive acts.

 

8.1.7        The breach by the counterpart(s) of the
Strategic Partner or by the Strategic Partner of any operation agreement or
provision of services agreement or technical assistance agreement entered into
under the terms mentioned in Recital VII.3 of this Agreement, in order that the
Strategic Partner is in a position to comply with the Technical Assistance
Agreement before the Strategic Partner or the Airport Group, as applicable,
regardless of the fact that such default is or not declared, as well as the
early termination of such instrument(s) or modification to the same without the
prior authorization of the Airport Group or Nafin, as long as it holds at least
51% (fifty-one per cent) of the capital stock of the Airport Group.

 

8.2                                 Grace Period. In order
for the events of default set forth in Sections 8.1.3 to 8.1.7 to be
deemed as Events of Default of the Strategic Partner, 30 (thirty) calendar days
in the two first cases and 90 (ninety) business days in the three last cases
shall elapse as from the date on which the Federal Government or any of the
companies that constitute the Airport Group has notified such circumstance to
the Strategic Partner under Section 8.4 below, without it having
remedied the respective default. Additionally, the specific rules therein
provided shall apply to the events of default referred to in Sections 2.3
and 2.6 above. Finally, the parties agree that the Event of Default
provided for in Section 8.1.6 shall only be remedied by means of
contributions to the capital stock of the Strategic Partner or of the Key
Partner in question, as the case maybe, sufficient to amortize the losses that
exceed 70% (seventy percent) or its net worth.

 

8.3                                 Remedies of
the Federal Government and the Airport Group. In any
Event of Default by the Strategic Partner under Sections 8.1 and 8.2
above, the Federal Government, Nafin and the companies that constitute the
Airport Group shall, separately have the following rights:

 

8.3.1        In any event of default referred to in
Section 8.1.1 above, the Federal Government and the companies that constitute
the Airport Group shall be entitled to terminate this Agreement, and each and
all the Transaction Documents or to demand, pursuant to Section 9 below,
mandatory compliance herewith. In the event that the Federal Government decides
to terminate this Agreement and the other Transaction Documents, the Strategic
Partner shall forfeit, as contractual penalty arising from its failure to pay
the price of the Shares Package and in order to repay the Federal Government
for the damages and losses resulting from such failure, with respect to the
first installment of the price referred to in the Stock Purchase and Sale
Agreement, the guarantee mentioned in Section 5.8 above granted by the
Strategic Partner or the Partners of the Strategic Partner, as applicable, as
part of the Bidding Process, and with respect to the second installment of the
price under the Stock Purchase and Sale Agreement, the equivalent to the first
installment of the price of the Shares Package.

 

8.3.2        In any event of default under Sections
8.1.2 to 8.1.6 as well as under Section 8.1.7 above, the provisions
of Sections 12.3 and 12.4 of the Technical Assistance Agreement shall be
applied.

 

8.4                                 Procedure. In case
that an Event of Default occurs or continues on the part of the Strategic
Partner, Nafin, the Federal Government or the Holding Company, as the case may
be, shall notify the same to the Strategic Partner for the purposes of Section
8.2 above. In such notice, Nafin, the Federal Government or the Holding
Company, as the case may be, shall indicate to the Strategic Partner the manner
in which they shall exercise their rights with respect to the Event of Default
in question and shall initiate the applicable legal actions under the
Transaction Documents. In the event that Nafin, the Federal Government or the
Holding Company, as the case may be, elects to terminate any legal relationship
pursuant to Section 8.3 above, the same shall be deemed terminated in
advance as from the time of receipt of the above mentioned notice or, as the
case 

 

29

 

may
be, once the terms set forth in Section 8.2 above have elapsed, without
prejudice to the exercise of any other rights under any other Transaction
Document.

 

For
the exercise of their rights under this Agreement, it shall not be necessary
that the Federal Government or the Holding Company obtain any court order or
ruling.

 

8.5                                 Events of
Default by the Federal Government, the Holding Company and Nafin.

 

8.5.1        The following are Events of Default by
the Federal Government affecting the Strategic Partner:

 

8.5.1.1               Failure to
comply with the obligation of endorsement and delivery of the share
certificates corresponding to the Shares Package under the Stock Purchase and
Sale Agreement;

 

8.5.1.2               Failure to
comply with their obligations contained in Section 3.3 above; and

 

8.5.1.3               Failure to
comply with the commitments contained in Section 6 above.

 

8.5.2        The following are Events of Default by
the Holding Company affecting the Strategic Partner:

 

8.5.2.1               Failure to
comply with its affirmative covenants under the Option Agreement; or

 

8.5.2.2               Failure to
comply with its affirmative covenants under the Technical Assistance Agreement;

 

8.5.3        Failure to comply with its obligations
under the Shareholders Agreement shall constitute an Event of Default by Nafin
in its capacity as Trustee.

 

8.6                                 Grace Period. In order
for the events of default set forth in Section 8.5, except for that contained
in Section 8.5.1.1, to be considered as Events of Default by the Federal
Government, the Holding Company or Nafin, as applicable, according to the
different sections, 30 (thirty) calendar days must elapse as from the date on
which the Strategic Partner or, as the case may be, the Holding Company or
Nafin, as applicable, have notified such Event of Default to, the Federal Government,
to the Holding Company or to Nafin, as applicable, pursuant to Section 8.8
below. In order for the assumption provided for in Section 8.5.1.1 to be
deemed an Event of Default by the Federal Government, 15 (fifteen) business
days must elapse as from the giving of notice by the Strategic Partner to the
Federal Government pursuant to Section 8.8 below.

 

8.7                                 Remedies of
the Strategic Partner. In any Event of Default by the Federal
Government or the Holding Company under Sections 8.5.1 and 8.5.2 above,
the Strategic Partner shall be entitled to demand specific performance of the
defaulted obligations. In the specific assumptions provided for in Sections
8.5.1.1 and 8.5.1.2 above, the Strategic Partner may demand the early
termination of this Agreement and the Transaction Documents. In the assumption
provided for in Section 8.5.3, the Strategic Partner and the Key
Partners shall be exempted from the obligations under Sections 2.4.1 and
2.4.2 above and terminate the Technical Assistance Agreement with no
liability on their part or may elect to demand specific performance of the
defaulted obligations.

 

In
no event shall any default by the Federal Government or Nafin under Section
8.5 above entitle the Strategic Partner to default on its obligations under
this Agreement or the Transaction Documents.

 

8.8                                 Procedure. In any
Event of Default mentioned in Sections 8.5.1 and 8.5.3 above, the
Strategic Partner shall notify such circumstances to the Federal Government and
the Holding Company, as the case may be, indicating the manner in which it
shall exercise its above mentioned rights.

 

30

 

9.                                      Resolution
of Controversies.

 

9.1                                 Transaction
Documents. Any controversy arising in connection with any of the
Transaction Documents must be resolved in accordance with the rules on
resolution of controversies provided for in each of the Transaction Documents
and in the absence of such rules, the controversy shall be submitted to the
jurisdiction of the appropriate federal courts of the Federal District.

 

10.                               Miscellaneous.

 

10.1                           Notices. Any notice
to be delivered by one party to the other under this Agreement shall be in
writing and sent to the other party by certified mail, return receipt
requested, fax or personally delivered and shall be deemed as made upon its
actual receipt by the addressee. All notices shall be sent to the following
domiciles of the parties:

 

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

Viaducto
Miguel Alemán No. 81

Col.
Escandón

11800
México, D.F.

Attention:
Ing. Rubén López Barrera

 

Federal
Government:

 

Secretaría
de Comunicaciones y Transportes

Av.
Xola y Universidad

Col.
Narvarte

México,
D.F.

Attention:
Legal Department

 

To
Airport Group:

 

Grupo
Aeroportuario del Centro Norte, S.A. de C.V.

Ave.
San Jerónimo 999-11 floor

Col.
San Jerónimo

64640
Monterrey, Nuevo León

Attention:
General Director

 

Nafin:

 

Insurgentes
Sur 1971

Col.
Guadalupe Inn, C.P. 01020

Mexico
D.F.

Attention:
Trustee Director

 

Whenever
any of the parties changes its domicile indicated above, it must notify the
same by notice sent to the other parties as provided for in this Section.

 

10.2                           Term of
Existence and Amendments. This Agreement shall be in force for a
term of 15 (fifteen) years as from its date of execution. In the event that any
of the parties to this Agreement requires any modification thereto, the
following shall be applicable:

 

31

 

10.2.1      Any early termination of the Agreement
(provided that it is not caused by a default of the Federal Government) or any
amendment to the provisions of Section 2.4 during the first 5 (five)
years of effectiveness of the Agreement or, as long as Nafin holds, directly or
indirectly, the ownership or control of at least 25% (twenty-five percent) of the
capital stock of the Holding Company shall require the prior approval of the
shareholders of the Holding Company and of Nafin, which shall grant it in the
events where it is duly justified.

 

10.2.2      Once such 5 (five) year term has elapsed
or in the event that the Federal Government holds, directly or indirectly, the
ownership or control of at least 25% (twenty-five percent) of the capital stock
of the Holding Company, prior approval from a majority of the members of the
Board of Directors of the Holding Company shall be required.

 

10.2.3      In any of the events provided for in Sections
10.2.1 and 10.2.2 above, the full compliance with the obligations contained
in the Concessions must be guaranteed to the Federal Government to its
satisfaction.

 

10.3                           Confidentiality.

 

10.3.1      Each of the parties binds itself to, and,
as the case may be, shall cause its affiliates, members of the board of
directors, officers, employees, agents and consultants to bind themselves to
keep secret and not to disclose or provide to any other person, directly or
indirectly, or use to the prejudice of the Airport Group or any of the parties,
any oral, written or other information concerning the Bidding Process, this
Agreement or the Transaction Documents, the transactions contemplated in this
Agreement or the Transaction Documents or any other information that is
confidential or related to the Airport Group, including, without limitation,
the plans, transactions or results and financial statements (jointly, the
"Confidential Information"), except to the extent that the use of
such Confidential Information is necessary to submit or obtain any consent or
approval required for the performance of the transactions contemplated in this
Agreement or the Transaction Documents or except to the extent that the
provision or use of such Confidential Information is required by law or is
necessary in connection with any legal proceeding. Nothing contained in this
Agreement shall be construed as the granting of a license with respect to such
Confidential Information to the receiver thereof.

 

10.3.2      Notwithstanding the provisions of Section
10.3.1 above, any party may disclose any information, without any
restriction and without any obligation to keep such information confidential,
provided that (i) the disclosure of such information must be made in compliance
with any applicable law or under the rules or regulations of any stock exchange
or quotation system, (ii) such information becomes generally available to the
public by reason other than the disclosure by such party, or (iii) such
information would have been generally available on a non-confidential basis
prior to its disclosure by any party.

 

10.3.3      Notwithstanding the above, the Federal
Government may make public announcements on the execution of this Agreement and
the Transaction Documents and provide the information that, as the case may be,
may be requested by the competent authorities and the Congress of the Union, if
applicable, and include such information in the report that it must deliver
with respect to the Bidding Process. The Strategic Partner may make public
announcements with respect to the execution of this Agreement previously
notifying the SCT in that respect.

 

10.3.4      No party may disclose any Confidential
Information to any consultant or third party advisor unless such consultant or
third party advisor agrees in writing to be bound by these confidentiality
provisions and each party and its consultants and third party advisors shall be
subject to civil penalties and monetary damages if they breach the provisions
of this Section 10.3.

 

32

 

10.4                           Headings. The
headings of the sections of this Agreement are included only reference purposes
and shall not limit or otherwise affect the meaning of provision of this
Agreement.

 

10.5                           Severability. In the
event that one or more of the provisions contained in this Agreement or the
application thereof in any circumstance is declared by any competent authority
invalid, illegal or unenforceable in any aspect or by any reason, the validity,
legality and enforceability of any such provision in any other aspect and of
the remaining provisions of this Agreement, shall not be limited or affected in
any manner whatsoever. Additionally, the parties to this Agreement agree to use
their best efforts to replace such invalid, illegal or unenforceable provision
with a valid, legal and enforceable provision, which shall seek to comply, to
the greatest extent possible, with the economic, business and all other
purposes of the invalid or unenforceable provision.

 

10.6                           Successors,
Assignees, etc. Except as otherwise provided for in
this Agreement, the parties shall not transfer or assign the rights and
obligations contained under this Agreement or the Transaction Documents without
the prior written consent from the Federal Government and the Holding Company.

 

10.7                           Applicable
Law. This Agreement shall be governed by and performed under
Mexican law in federal matters and the laws of the Federal District in local
matters.

 

10.8                           Applicable
Currency. Except as otherwise expressly provided for in this
Agreement, any reference to any amount of money shall be deemed a reference to
the lawful currency of Mexico, that is, Mexican pesos.

 

10.9                           Counterparts. This
Agreement shall be signed in 8 (eight) counterparts, each of which whenever so
signed shall be considered as an original, but all together shall constitute
one and the same instrument.

 

10.10                     Entire
Agreement. Except as otherwise specifically provided for herein, this
Agreement, together with the Transaction Documents, supersedes any previous
agreements between the Parties concerning the purpose of this Agreement and
such other documents, and it is the intention of the parties that it is the
final expression and the complete and exclusive statement of their will with
respect to the subject matter of this Agreement and such other instruments.

 

In
the event of any discrepancy between the provisions of this Agreement and the
Transaction Documents and those contained in the Public Call and in the General
Guidelines for the Opening to Investment in the Mexican Airport System, the
provisions contained in this Agreement and the Transaction Documents shall
prevail.

 

10.11                     In the event
of any inconsistency between any of the Transaction Documents, the provisions
of this Agreement shall rule in the first place, as well as the provisions of
the Stock Purchase and Sale Agreement, the Shareholders Agreement, the Trust
Agreement, the Technical Assistance Agreement and the Option Agreement in the
above mentioned order.

 

This Agreement is executed in Mexico City, Federal District, with the consent of the parties hereto at 12.00 hours on the above mentioned date 

 

33

 

 

	
  OPERADORA MEXICANA DE 

  AEROPUERTOS, S.A. DE C.V.

  	
   

  	
  FEDERAL GOVERNMENT, THROUGH THE 

  MINISTRY OF COMUNICATIONS AND

  TRANSPORTATION

  
	
   

  	
   

  	
   

  
	
  /s/ Rubén López Barrera

  	
   

  	
   

  	
   /s/ Aaron Dychter Poltolarek

  	
   

  
	
  By: Rubén López Barrera

  	
   

  	
  By: Aaron Dychter Poltolarek

  
	
  Title: Legal Representative

  	
   

  	
  Title: Subsecretary of Transport

  
	
   

  	
   

  	
   

  
	
  CONSTRUCTORAS ICA, S.A. DE C.V.,

  JOINT OBLIGOR (under the terms of this 

  Agreement)

  	
   

  	
  NACIONAL FINANCIERA, S.N.C.,

  TRUSTEE DIVISION

  
	
   

  	
   

  	
   

  
	
  /s/ Luis F.
  Zárate Rocha

  	
   

  	
   

  	
  /s/ Antonio
  Cárdenas Arroyo

  	
   

  
	
  By: Luis F. Zárate Rocha

  	
   

  	
  By: Antonio Cárdenas Arroyo

  
	
  Title: Legal Representative

  	
   

  	
  Title: General Trustee Delegate

  
	
   

  	
   

  	
   

  
	
  AÉROPORTS DE PARIS, JOINT OBLIGOR 

  (under the terms of this Agreement)

  	
   

  	
  GRUPO AEROPORTUARIO DEL CENTRO 

  NORTE, S.A. DE C.V.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Jean-Marie Chevallier

  	
   

  	
   

  	
  /s/ Louis Priede Weston

  	
   

  
	
  By: Jean-Marie Chevallier

  	
   

  	
  By: Louis Priede Weston

  
	
  Title: Legal Representative

  	
   

  	
  Title: Legal Representative

  
	
   

  	
   

  	
   

  
	
  VINCI, S.A., JOINT OBLIGOR (under the 

  terms of this Agreement)

  	
   

  	
  SERVICIOS AEROPORTUARIOS DEL 

  CENTRO NORTE, S.A. DE C.V.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Renaud de Matharel

  	
   

  	
   

  	
  /s/ Louis Priede Weston

  	
   

  
	
  By: Renaud de Matharel

  	
   

  	
  By: Louis Priede Weston

  
	
  Title: Legal Representative

  	
   

  	
  Title: Legal Representative

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  AEROPUERTO DE ACAPULCO, S.A. DE 

  C.V.

  	
   

  	
  AEROPUERTO DE CHIHUAHUA, S.A. DE 

  C.V.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Louis Priede Weston

  	
   

  	
   

  	
  /s/ Louis Priede Weston

  	
   

  
	
  By: Louis Priede Weston

  	
   

  	
  By: Louis Priede Weston

  
	
  Title: Legal Representative

  	
   

  	
  Title: Legal Representative

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  AEROPUERTO DE CIUDAD JUAREZ, S.A. 

  DE C.V.

  	
   

  	
  AEROPUERTO DE CULIACAN, S.A. DE 

  C.V.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Louis Priede Weston

  	
   

  	
   

  	
  /s/ Louis Priede Weston

  	
   

  
	
  By: Louis Priede Weston

  	
   

  	
  By: Louis Priede Weston

  
	
  Title: Legal Representative

  	
   

  	
  Title: Legal Representative

  
									

 

34

 

	
  AEROPUERTO DE DURANGO, S.A. DE C.V.

  	
   

  	
  AEROPUERTO DE MAZATLAN, S.A. DE 

  C.V.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Louis Priede Weston

  	
   

  	
   

  	
  /s/ Louis Priede Weston

  	
   

  
	
  By: Louis Priede Weston

  	
   

  	
  By: Louis Priede Weston

  
	
  Title: Legal Representative

  	
   

  	
  Title: Legal Representative

  
	
   

  	
   

  	
   

  
	
  AEROPUERTO DE MONTERREY, S.A. DE 

  C.V.

  	
   

  	
  AEROPUERTO DE REYNOSA, S.A. DE C.V.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Louis Priede Weston

  	
   

  	
   

  	
  /s/ Louis Priede Weston

  	
   

  
	
  By: Louis Priede Weston

  	
   

  	
  By: Louis Priede Weston

  
	
  Title: Legal Representative

  	
   

  	
  Title: Legal Representative

  
	
   

  	
   

  	
   

  
	
  AEROPUERTO DE TAMPICO, S.A. DE C.V.

  	
   

  	
  AEROPUERTO DE TORREON, S.A. DE C.V.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Louis Priede Weston

  	
   

  	
   

  	
  /s/ Louis Priede Weston

  	
   

  
	
  By: Louis Priede Weston

  	
   

  	
  By: Louis Priede Weston

  
	
  Title: Legal Representative

  	
   

  	
  Title: Legal Representative

  
	
   

  	
   

  	
   

  
	
  AEROPUERTO DE SAN LUIS POTOSI, S.A. 

  DE C.V.

  	
   

  	
  AEROPUERTO DE ZACATECAS, S.A. DE 

  C.V.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Louis Priede Weston

  	
   

  	
   

  	
  /s/ Louis Priede Weston

  	
   

  
	
  By: Louis Priede Weston

  	
   

  	
  By: Louis Priede Weston

  
	
  Title: Legal Representative

  	
   

  	
  Title: Legal Representative

  
	
   

  	
   

  	
   

  
	
  AEROPUERTO DE ZIHUATANEJO, S.A. DE 

  C.V.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Louis Priede Weston

  	
   

  	
   

  	
   

  
	
  By: Louis Priede Weston

  	
   

  	
   

  
	
  Title: Legal Representative

  	
   

  	
   

  

 

	
  WITH THE APPEARANCE OF

  
	
   

  	
   

  	
   

  
	
  BANCO NACIONAL DE
  COMERCIO EXTERIOR, S.N.C.

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Carlos Flores
  Salinas

  	
   

  
	
   

  	
  By: Carlos Flores
  Salinas

  	
   

  
	
   

  	
  Title: Trust Delegate

  	
   

  
							

 

35

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