BUNGE LIMITED NON-EMPLOYEE DIRECTORS EQUITY INCENTIVE PLAN AWARD AGREEMENT - Notice of Director Option Grant -Non-Employee Directors Equity Incentive Plan Award Agreement • March 15th, 2006 • Bunge LTD • Fats & oils • New York
Effective as of the Date of Grant set forth below, the Optionee named below (who is a Non-Employee Director) is hereby awarded a nonqualified stock option to purchase the number of Shares set forth below (the “Director Option”) under the Bunge Limited Non-Employee Directors Equity Plan (the “Plan”), subject to the terms and conditions of the Plan and this Award Agreement (this “Award Agreement”). This Award Agreement consists of this Notice of Director Option Grant (the “Grant Notice”) and the attached Terms and Conditions applicable to Director Option Grants (the “Terms and Conditions”). Defined terms not explicitly defined in this Award Agreement but defined in the Plan shall have the same definitions as in the Plan.
