SEC Contract Filing

Filing Date: 2018-07-02

Document Content:
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<TYPE>EX-10.2
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<FILENAME>d834549dex102.htm
<DESCRIPTION>EX-10.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Version </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ADDENDUM TO THE </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDED
AND RESTATED ACID PURCHASE AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Addendum (the &#147;<U>Addendum</U>&#148;) to the Amended and Restated Acid Purchase
Agreement, dated March&nbsp;23, 2000 (the &#147;<U>MGA Supply Agreement</U>&#148;), is entered into and effective as of June&nbsp;29, 2018 (the &#147;<U>Effective Date</U>&#148;) among Innophos, Inc., a Delaware corporation, as the successor in
interest under the Agreement to Rhodia Inc. (&#147;<U>Innophos</U>&#148;), PCS Sales (USA), Inc., a Delaware Corporation (&#147;<U>PCSS</U>&#148;), and PCS Nitrogen Fertilizer, L.P., a Delaware limited partnership (&#147;<U>PCSN</U>&#148; and,
together with PCSS, &#147;<U>PCS</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, concurrently with the execution of this Addendum, Innophos, PCS are entering into
that certain (i)&nbsp;Termination Agreement, providing for, among other things, the termination of the MGA Supply Agreement upon the satisfaction of certain conditions set forth therein (the &#147;<U>Termination Agreement</U>&#148;) and
(ii)&nbsp;Transition PPA Supply Agreement, providing for the temporary supply of low alkali purified wet phosphoric acid (the &#147;<U>Transitional PPA Supply Agreement&#148;)</U>; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Innophos and PCS wish to amend the MGA Supply Agreement to, among other things, (i)&nbsp;update the term of the MGA Supply Agreement
and (ii)&nbsp;include a fee sharing arrangement with respect to the Geismar Plant maintenance. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the
above it is agreed as follows: </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>I.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Update to Term</U> </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sections 9 and 10 are amended by adding the following at the end of each of those
sections as a new Section&nbsp;9.5 and Section&nbsp;10.5: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Final Term; Termination</U>. Except as otherwise provided in Section&nbsp;21.18, this
Agreement (including as it relates to the Additional Requirements) shall terminate automatically, without any notice or other action by either party, on the Termination Date (as defined in the Termination Agreement). Subject to Section&nbsp;13.2(i),
in connection with any anticipated Conditional Shutdown (as defined in the Termination Agreement) or Maintenance Shutdown (as defined in Section&nbsp;13.2), the parties shall use reasonable best efforts to coordinate the shutdown of the Geismar
Plant according to a sequencing plan that is consistent with Article 2 of the Termination Agreement. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>II.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Definitions</U> </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Section&nbsp;1 is amended by adding the following at the end of that section: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.4</TD>
<TD ALIGN="left" VALIGN="top">&#147;<U>Addendum</U>&#148; means the addendum to this Agreement, dated June&nbsp;29, 2018. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.5</TD>
<TD ALIGN="left" VALIGN="top">&#147;<U>Business Day</U>&#148; means any day other than a Saturday, a Sunday or a day on which banks are authorized or required to be closed in Chicago, Illinois, New York, New York or Geismar, Louisiana. The parties
acknowledge, understand and agree that if a party is obligated to take any action hereunder on a day that is not a Business Day, performance by such party shall be excused until the next Business Day. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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