Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 370

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 7
Chunk 370
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 Bernardo de Córdoba S.A., pursuant to a lease agreement effective from July 1, 2023, until June 30, 2025, with a (1) one year lease extension. Pursuant to the agreement, the extension option was exercised, extending the lease term until June 30, 2026.

The rent to be paid is an amount of Pesos equal to 1.25kg. of beef per hectare per year, considering the average price per kilo of beef determined by the Indice Mercado Agroganadero (INMAG) according to the agreed calculation methodology. In addition, the parties have agreed on a variable price increase up to 50% of the net margin of the farmland production, applicable only in the event of a positive margin, net of the fixed price previously paid.

Consulting Agreement

Pursuant to the terms of the Consulting Agreement with Consultores Asset Management S.A. effective as of November 7, 1994, as amended from time to time and by the last amendment dated September 6, 2017 in which certain adjustments were implemented to the purpose of the agreement by virtue of the broadness of Cresud’s business, Consultores Asset Management S.A. provides us advisory services on matters related to capital investments in all aspects of the agricultural, real estate, financing and hotels business, among others. One of our shareholders and the Chairman of our board of directors is the owner of 85% of the capital stock of Consultores Asset Management S.A. and our First Vice Chairman of the board of directors holds the remaining 15% of its capital stock. On the same date above mentioned, Consultores Asset Management S.A. assigned, with the conformity of Cresud, certain rights and obligations derived from the Consulting Agreement to CVCU, an Uruguayan company controlled 100% by Consultores Asset Management S.A., therefore and currently the assessment to Cresud is partially provided by CVCU directly.

Pursuant to the terms of the Consulting Agreement, Consultores Asset Management S.A. provides us with the following services:

·   advises with respect to the investment of our capital in all aspects of operations in agricultural, real estate, financing, hotels, etc, matters and business proposals;
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·   acts on our behalf in such transactions, negotiating the prices, conditions, and other terms of each operation; and                                                     
·   gives advice regarding securities investments with respect to such operations.                                                                                          

Under the