What changed in this filing

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Item 2. Properties

2021-03-31 compared with 2020-03-16 · 27 added, 94 removed, 13 unchanged (90% of the section changed)

1 unchanged sentence

Abel Castillo Water Works

We own and operate our Abel Castillo Water

Works, which is located in the Seven Mile Beach area and encompasses 12,812 square feet of buildings, two seawater reverse osmosis

desalination plants with an aggregate capacity of 3.0 million gallons per day, a high service distribution pump house, warehouse

space and three potable water storage tanks each with a capacity of 1.0 million gallons and one potable water storage tank with

a capacity of 2.0 million gallons.

We own and operate our Abel Castillo Water Works, which is located in the Seven Mile Beach area and encompasses 12,812 square feet of buildings, two seawater reverse osmosis desalination plants with an aggregate capacity of 3.0 million gallons per day, a high service distribution pump house, warehouse space and three potable water storage tanks each with a capacity of 1.0 million gallons and one potable water storage tank with a capacity of 2.0 million gallons.

The site is located on 4.2 acres, including 485 feet of waterfront.

West Bay Plant

We own and operate our West Bay plant

located on 6.1 acres in West Bay.

The plant began operating in 1995, was expanded over the years, and now has a production capacity

of approximately 885,000 gallons per day.

On this site we have a 2,600 square foot building which houses our water production

facilities, a 2,400 square foot building which houses the potable water distribution pumps, a water quality testing laboratory,

and office space and water storage capacity consisting of three potable water tanks each with a capacity of 1.0 million gallons

We own and operate our West Bay plant located on 6.1 acres in West Bay.

The plant began operating in 1995, was expanded over the years, and now has a production capacity of approximately 885,000 gallons per day.

On this site we have a 2,600 square foot building which houses our water production facilities, a 2,400 square foot building which houses the potable water distribution pumps, a water quality testing laboratory, and office space and water storage capacity consisting of three potable water tanks each with a capacity of 1.0 million gallons.

Britannia Plant

We own our Britannia seawater reverse

osmosis desalination plant which is located in the Seven Mile Beach area and consists of a seawater reverse osmosis production

plant with a capacity of 715,000 gallons of water per day, a potable water storage tank with a capacity of 840,000 gallons, potable

water high service pumps, and various ancillary equipment.

We have leased the site (comprised of 0.73 acres) and steel frame building

which houses the plant for a term that ends in 2027 at an annual rent of $1.00.

We own our Britannia seawater reverse osmosis desalination plant which is located in the Seven Mile Beach area and consists of a seawater reverse osmosis production plant with a capacity of 715,000 gallons of water per day, a potable water storage tank with a capacity of 840,000 gallons, potable water high service pumps, and various ancillary equipment.

We have leased the site (comprised of 0.73 acres) and steel frame building which houses the plant for a term that ends in 2027 at an annual rent of $1.00.

Distribution System

We own our Seven Mile Beach and West Bay

potable water distribution systems in Grand Cayman which consist of potable water pipes, valves, curb stops, meter boxes, and

water meters.

We have the legal right to maintain (and expand or contract as necessary) these systems on public and private land

within our licensed service area.

We own our Seven Mile Beach and West Bay potable water distribution systems in Grand Cayman which consist of potable water pipes, valves, curb stops, meter boxes, and water meters.

We have the legal right to maintain (and expand or contract as necessary) these systems on public and private land within our licensed service area.

Corporate Office

We occupy approximately 5,700 square feet

of office space at the Regatta Office Park, West Bay Road, Grand Cayman, Cayman Islands under a lease that expires in April 2024.

North Sound Plant

Under the terms of the water production

and supply agreement with the WAC that expires in January 2024, OC-Cayman operates and maintains the electrically powered

North Sound plant, which is owned by the WAC, and supplies approximately 1.6 million gallons of water per day to the WAC.

Red Gate Plant

Under the terms of the water production

and supply agreement with the WAC that expires in January 2024, OC-Cayman operates and maintains the electrically powered

Red Gate plant, which is owned by the WAC, and supplies approximately 1.3 million gallons of water per day to the WAC.

North Side Water Works Plant

Under the terms of the water production

and supply agreement with the WAC that expires in June 2026.

OC-Cayman operates and maintains this electrically powered plant

owned by the WAC.

This plant can supply up to approximately 2.4 million gallons of water per day.

OC-Cayman leases the property

on which the plant is located from the WAC for a minimal annual rent.

We occupy approximately 5,700 square feet of office space at the Regatta Office Park, West Bay Road, Grand Cayman, Cayman Islands under a lease that expires in April 2024.

Bahamas Properties

Our water production facility in South

Bimini consists of a bolted steel potable water tank with a capacity of 250,000 gallons and two standard shipping containers which

contain a seawater reverse osmosis production plant with a rated capacity of 115,000 gallons per day, a high service pump skid

and an office.

The facility is located on a parcel of land owned by South Bimini International Ltd., and we are allowed, under

the terms of our agreement which expires in December 2020, to utilize the land for the term of the agreement without charge.

Windsor plant

Our Windsor water production facility,

located in Nassau, New Providence, has a production capacity of 2.8 million gallons per day.

The plant is powered by a combination

of diesel engine-driven high-pressure pumps and electrical power purchased from Bahamas Power and Light to power all other loads

in the plant.

Our Windsor water production facility, located in Nassau, New Providence, has a production capacity of 2.8 million gallons per day.

The plant is powered by a combination of diesel engine-driven high-pressure pumps and electrical power purchased from Bahamas Power and Light to power all other loads in the plant.

The plant is contained within a 12,000 sq.

steel building, and a warehouse, workshop and offices contained within

steel building, and a warehouse, workshop and offices contained within a 2,600 sq.

concrete building.

The buildings are located on land owned by the WSC and our water sales agreement gives us a

license to use the land throughout the term of that agreement, which expires in 2033.

The buildings are located on land owned by the WSC and our water sales agreement gives us a license to use the land throughout the term of that agreement, which expires in 2033.

Blue Hills plant

Our Blue Hills plant in Nassau, New Providence

consists of two production facilities.

The first facility was completed in July 2006, has a production capacity of 7.2 million

gallons per day, and is powered by a combination of diesel engine-driven high-pressure pumps, and electrical power purchased from

the Bahamas Power and Light to power all other loads in the plant.

The plant is contained within a concrete and steel building

with a footprint of 16,000 square feet that also contains a warehouse, workshop and offices.

It is located on land owned by the

WSC and our 20-year water sales agreement gives us a license to use the land throughout the term of that agreement.

The Blue Hills plant water supply agreement

was amended in January 2011 and extended through 2032.

Pursuant to this amendment, we added a second production facility

to increase the total production capacity of the Blue Hills plant to 12.0 million gallons per day.

The second facility was completed

in March of 2012 and is powered by a combination of diesel engine-driven high-pressure pumps and electrical power purchased

from the Bahamas Power and Light to power all other loads in the plant.

The second facility is contained within a steel building

with a footprint of 10,640 square feet located adjacent to the initial production facility on land owned by the WSC.

Aerex owns its 30,000 square foot manufacturing

facility located on 6.4 acres of land in Fort Pierce, Florida and has approximately 6,000 square feet of office space in downtown

Fort Pierce under a lease that expires in June 2021.

Our Aquilex warehouse consists of 4,100

square feet located in Sunrise, Florida that has been leased through September 2020.

Our Aquilex office consists of 6,500

square feet located in Coral Springs, Florida that has been leased through March 2021.

PERC leases approximately 2,900 square

feet of office space in Cosa Mesa, California that serves as its corporate headquarters.

This lease expires in March 2021.

Our Blue Hills plant in Nassau, New Providence consists of two production facilities.

The first facility was completed in July 2006, has a production capacity of 7.2 million gallons per day, and is powered by a combination of diesel engine-driven high-pressure pumps, and electrical power purchased from the Bahamas Power and Light to power all other loads in the plant.

The plant is contained within a concrete and steel building with a footprint of 16,000 square feet that also contains a warehouse, workshop and offices.

It is located on land owned by the WSC and our 20-year water sales agreement gives us a license to use the land throughout the term of that agreement.

The Blue Hills plant water supply agreement was amended in January 2011 and extended through 2032.

Pursuant to this amendment, we added a second production facility to increase the total production capacity of the Blue Hills plant to 12.0 million gallons per day.

The second facility was completed in March of 2012 and is powered by a combination of diesel engine-driven high-pressure pumps and electrical power purchased from the Bahamas Power and Light to power all other loads in the plant.

The second facility is contained within a steel building with a footprint of 10,640 square feet located adjacent to the initial production facility on land owned by the WSC.

Aerex owns its 30,000 square foot manufacturing facility located on 6.4 acres of land in Fort Pierce, Florida and has approximately 6,000 square feet of office space in downtown Fort Pierce under a lease that expires in June 2021.

Our Aquilex warehouse consists of 4,100 square feet located in Sunrise, Florida that has been leased through September 2025.

Our Aquilex office consists of 6,500 square feet located in Coral Springs, Florida that has been leased through March 2026.

PERC leases approximately 4,100 square feet of office space in Fountain Valley, California that serves as its corporate headquarters.

This lease expires in August 2021.

Mexico Properties

NSC owns 20.1 hectares of land in Rosarito

Beach, Baja California, Mexico which is designated for use as the plant site for the proposed desalination project to be completed

In November 2012, NSC entered into

a lease with an effective term of 20-years from the date of full operation of the desalination plant, with the Comisión

Federal de Electricidad for approximately 5,000 square meters of land on which it plans to construct the water intake and discharge

works for the plant.

The amounts due on this lease are payable in Mexican pesos at an amount that is currently equivalent to approximately

$15,000 per month.

In December 2017, NSC assigned the lease to AdR.

The lease is cancellable by AdR should it ultimately

not proceed with the project.

NSC owns 20.1 hectares of land in Rosarito Beach, Baja California, Mexico.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties