The agreement, which Firestone called "the greatest concession of its kind ever made", gave him virtually no tax obligations to Liberia, and exclusive land rights to about 10% of the country's arable land. The Liberian government, on the other hand, obligated themselves to a 5 million dollar loan from Firestone through his wholly owned subsidiary, the Finance Corporation of America.
The accord, which Firestone described as "the most significant concession of its kind ever made", granted him virtually no tax liabilities to Liberia, and exclusive land rights to approximately 10% of the country's cultivable land. Conversely, the Liberian government committed itself to a $5 million loan from Firestone through his wholly owned subsidiary, the Finance Corporation of America.