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