Description of Natural Gas Futures Agreements Between The Mosaic Company, Its Subsidiaries, and Cargill, Incorporated
This agreement outlines the allocation of natural gas futures contracts between The Mosaic Company (and its subsidiaries) and Cargill, Incorporated, following their business combination in October 2004. Under the agreement, Cargill assigned certain fixed-price natural gas swap arrangements to Mosaic or its subsidiaries, specifying the months, volumes, and prices for natural gas deliveries through March 2006. The agreement details the parties' obligations to exchange natural gas at predetermined prices and volumes during the specified periods.
Exhibit 10.ii.g.
DESCRIPTION OF NATURAL GAS FUTURES AGREEMENTS BETWEEN THE MOSAIC COMPANY AND ITS SUBSIDIARIES AND CARGILL, INCORPORATED
In connection with the business combination consummated on October 22, 2004 in which IMC Global Inc. combined its businesses with the fertilizer businesses (Cargill Crop Nutrition) of Cargill, Incorporated (Cargill) to form the registrant, Cargill allocated to registrant or its subsidiaries certain natural gas futures arrangements that related to the business of Cargill Crop Nutrition. The allocation was in the form of fixed price swaps between Cargill and registrant or its subsidiaries for the months, in the volumes and for the prices indicated in the following table:
| Month | MMBtu’s of Gas | Price Per MMBtu | |||
| December-04 | 40,000 | $ | 4.670 | ||
| January-05 | 30,000 | $ | 3.449 | ||
| February-05 | 30,000 | $ | 3.944 | ||
| March-05 | 50,000 | $ | 5.365 | ||
| April-05 | 30,000 | $ | 4.665 | ||
| May-05 | 40,000 | $ | 4.724 | ||
| August-05 | 10,000 | $ | 3.765 | ||
| November-05 | 10,000 | $ | 5.294 | ||
| December-05 | 10,000 | $ | 5.199 | ||
| January-06 | 10,000 | $ | 5.140 | ||
| February-06 | 10,000 | $ | 5.192 | ||
| March-06 | 10,000 | $ | 5.338 | ||
