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Sample Letter of Interest and Terms Sheet Issued by Ex-Im Bank

January 21, 200A

Mr. Ted Williams
American Drill Company
100 Celtics Drive
St. Louis, MO 12345
Fax No. (314) 555-1313/Telephone No. (314) 555-1212

Re: Letter of Interest No. LI070000XX - Estasia

Dear Mr. Williams:

We are pleased to provide you with Ex-Im Bank`s Letter of Interest for Farmland Corporation in Estasia. Our review of the participant and product information in your application indicates that Ex-Im Bank support may be available for this transaction. This Letter of Interest is not, however, a financing commitment. The indicative terms referenced in this Letter of Interest are valid until July 14, 200A.

The Term Sheet attached to this Letter of Interest sets forth Ex-Im Bank's indicative terms of support based upon the transaction information we have received to date. If, however, the U.S. exporter is facing foreign competition which is supported by a foreign export credit agency offering more favorable financing terms, Ex-Im Bank may consider matching those terms.

Please note that Ex-Im Bank support generally is provided only where there is a demonstrated need, either to meet competition from a foreign export credit agency supporting a foreign exporter or to overcome a lack of financing from private sources for the U.S. export.

The limited nature of our review of a request for a Letter of Interest does not include evaluation of all the issues that may arise in Ex-Im Bank`s consideration of financial support. The attached Program Guidelines set forth Ex-Im Bank`s general policies and requirements which you should consider as you structure this transaction. Please specifically refer to section XXXX of the Program Guidelines. Ex-Im Bank will complete a thorough review of policy and creditworthiness issues at the time of Final Commitment application.

If you would like Ex-Im Bank to consider issuing a Final Commitment, the borrower (in the case of either a direct loan or a guarantee) or the lender (in the case of a guarantee) must submit a complete Final Commitment application, together with a copy of the export contract between the U.S. exporter and the foreign buyer. Only those eligible items shipped no earlier than the date of this Letter of Interest (and a maximum of 24 months before Ex-Im Bank receives a complete Final Commitment application) may be considered for Ex-Im Bank support. (Please note that the shipments more than 12 months prior to a Final Commitment Application may affect repayment terms.) In addition, all long-term cases can obtain local cost support when the costs are connected to the U.S. exporter's responsibilities in carrying out his contract.

If you have any questions about this Letter of Interest, please contact the Ex-Im Bank International Business Development Officer, at telephone (202) 565-3XXX.

Sincerely,

Jeffrey L. Miller
Group Vice President
Structured & Trade Finance Group

Enclosures

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