Greentree Funding, Inc

1. Commodity: ICUMSA 45
2. Origin: Brazil
3. Type Term contract
4. Quantity: 25,000 metric tons per shipment
25,000 metric tons per every month Total contract
quantity 300,000 metric tons (Additional quantity is available)
5. Duration : 12 months
6. Shipment: CIF ASWP (Buyer shall obtain required import permits)
7. Price: Fixed price, US $440 per metric ton
8. Payment Terms: This price quote is for a contract with a
(non?transferable) Auto?Revolving Documentary Letter of Credit (ARDLC)
for total value of the first month shipment valid for the contract
term, or Stand?By Letter of Credit (SBLC) for total value of the first
month shipment and valid for the contract term and thereafter a
revolving MT 103 or T/T every month for the term of the contract
against documents required by the bank. Instruments are irrevocable
and confirmed where applicable.