7 Wall Street: New York (Securities)

Havana and Cienfuegos, Cuba Paris, France

THE LAMBORN COMPANY LAMBORN & CIE

_Branches in the United States_

Philadelphia Savannah New Orleans Chicago

Kansas City San Francisco

_Members of_:

New York Coffee & Sugar Exchange, Inc.

New York Stock Exchange

New York Cotton Exchange

New York Produce Exchange

Chicago Board of Trade

London Produce Clearing House, Ltd.

Cable Address: Lamborn

Contract between Members of the New York

Coffee and Sugar Exchange, Inc.

The Standard Fine Granulated Sugar contract is as follows:

Sold for ... to ... 800 bags (of 100 lbs. net each) of Standard Fine

Granulated Sugar at ... cents per pound, manufactured in the United

States or insular possessions, packed in cotton-lined burlap bags,

deliverable from licensed warehouse in Chicago between the first and

last days of ... inclusive. Delivery within such time to be at Seller's

option, upon seven, eight or nine days' notice to the buyer. If

Domestic Beet Standard Fine Granulated Sugar be delivered in

fulfillment of this contract, Seller to make an allowance of 20c per

100 lbs.

The Seller shall have the right to deliver Foreign Cane Standard Fine

Granulated Sugar in fulfillment of this contract by making an allowance

to the Buyer of 25c per 100 lbs., and foreign beet standard fine

granulated sugar by making an allowance of 45c per 100 lbs., provided

such sugars comply with the Types adopted as Standard by the New York

Coffee and Sugar Exchange, Inc., and all duties have been paid thereon.

This contract is subject to an adjustment for duty, as provided in the

Sugar Trade Rules.

Either party to have the right to call for margins as the variations of

the market for like deliveries may warrant, which margins shall be kept

good. This contract is made in view of and in full accordance with the

By-Laws, Rules and Conditions established by the New York Coffee and

Sugar Exchange, Inc.

(Written across the face is the following)

For and in consideration of one dollar to ... in hand paid, receipt

whereof is hereby acknowledged ... accept this contract with all its

stipulations and conditions.

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