Pacific International
Rice Mills, Inc.
May 31, 2000
SHF Acquisition
4600 Northgate Blvd.
Suite 130
Sacramento, CA 95834
Attn: Tim Kilkenny
1. Pacific International Rice Mills, Inc. (PIRMI) agrees to deliver a minimum
of 400,000 wet paddy hundredweight from the 2000 crop to SHF Acquisition.
2. SHF Acquisition will reimburse PIRMI $* per dry paddy hundredweight. $*
per cwt. will be due on January 15, 2001 and the remaining $* will be due
on June 15, 2001.
3. PIRMI will dry all grower lot samples and forward these samples to the
State for milling appraisals.
4. SHF will incur the cost of milling appraisals at a rate of $17.50 per
sample.
5. SHF will deliver samples to PIRMI on a daily basis before 7:00 A.M.
6. Quality settlements shall be governed by the California Warehouse
Association's Standard Operating Procedures.
If you are in agreement, please sign below and return in the self-addressed
stamped envelope.
PACIFIC INTERNATIONAL RICE MILLS, INC. SHF ACQUISITION
/s/ Brian Reines /s/ Tim Kilkenny
-------------------------------------- ------------------------------------
By: Brian Reines By: Tim Kilkenny
Title: Agricultural Manager Title: General Manager
Date: May 31, 2000 Date: May 31, 2000
Pacific International Rice Mills, Inc.
P.O. Box 652
Woodland, CA 95776
(530) 666-1691
FAX (530) 668-8515
Busch Agricultural
Resources, Inc.
* Confidential information that has been omitted and filed separately with the
Commission.
