150 EXHIBIT 2 PANAMANIAN CONCESSIONS TO THE UNITED STATES BOUNDARIES A. Boundary Convention-Panama 1914 (Mainly concerned with demarcation of territory ceded by the Republic of Panama to the United States of America in perpetuity, transfer of railway rights, employment of Panamanian citizens, and jurisdictions of pending actions) B. Colon Corridor and certain other corridors-Panama 1950 Article II 73 The tracts of land transferred from the City of Colon to the Canal Zone by the boundary change stipulated in Article I of the present Convention are considered to form part of the Canal Zone in the same manner as though they had been included within the grants contained in the Convention of November 1, 1903. .. Article III 74 . The corridor road, between Randolph Road, and the boundary line between the City of Colon and the Canal Zone, including storm and sanitary sewerage facilities made necessary by such road will be constructed, by or at the expense of the Government of Panama. . The Government of the United States of America shall have the right to construct highways connecting Bolivar Highway and the highway forming the Colon entrance to the corridor. The United States of America shall enjoy at all times the right of unimpeded transit across the said corridor at any point, and of travel along the corridor and along the Colon entrance to the corridor, subject to such traffic regulations as may be established by the Government of the Republic of Panama.... 1I1. CANAL CONSTRUCTION AND RIGHTS A. Convention for the Construction of a Ship Canal-Panama 1903 Grants of perpetuity by Panama of use, occupation, and control of U.S. Canal Zone. III. CLAIMS A. Claims Convention-Panama .1926 (Established ad hoc joint commission for hearing certain claims) B. Claims Convention-Panama 1950 Article III 64 The Government of the Republic of Panama agrees to pay and the Government of the United States of America agrees to accept the amount of $349,356.00, currency of the United States of America, as the net balance due the latter, in accordance with the provision of Article II.. IV. DEFENSE A. Agreement for the lease of defense sites in the Republic of PanamaPanama 1942 Article I (Temporary use of certain lands for defensive purposes) The Republic of Panama grants to the United States the temporary use for defense purposes of the lands referred to in the Memorandum attached to this Agreement and forming an integral part thereof. These lands shall be evacuated and the use thereof by the United States of America shall terminate one year after the date on which the definitive treaty of peace which brings about the end of the present war. .. .