exv10w27







Exhibit 10.27



(ENGLISH TRANSLATION)




2nd Addendum to DSUA No. DICGN / 190 — DSUA / 05.2008



2ND ADDENDUM TO THE DISTRIBUTION SYSTEM USE AGREEMENT BETWEEN EMPRESA ENERGÉTICA DE MATO
GROSSO DO SUL S.A. — ENERSUL AND ANGÉLICA AGROENERGÉTICA LTDA.



EMPRESA ENERGÉTICA DE MATO GROSSO DO SUL S.A. — ENERSUL, a public utility concessionaire of
electrical power, with main place of business in the city of Campo Grande, State of Mato Grosso do
Sul, at Avenida Gury Marques, No. 8000, District Santa Felicidade, enrolled with the National
Register of Legal Entities of the Ministry of Finance (“CNPJ/MF”) under No. 15.413.826/0001-50,
herein represented in accordance with its Bylaws, hereinafter referred to as “DISTRIBUTOR”, and, on
the other hand



ANGÉLICA AGROENERGÉTICA LTDA., with main place of business in the city of Angélica, State of Mato
Grosso do Sul, Estrada Angélica — Highway BR 267, km 14 — Fazenda Kurupay — Rural Area, enrolled
with the National Register of Legal Entities of the Ministry of Finance (“CNPJ/MF”) under No.
07.903.169/0001-09, herein represented under the terms of its memorandum of association,
hereinafter referred to as “GENERATION AGENT”, individually referred to as “Party” and jointly as
“Parties”.



WHEREAS:



(i) On June 03, 2008, DISTRIBUTOR entered into Distribution System Use Agreement No. DICGN / 190 —
DSUA / 05.2008 (“Agreement”) with GENERATION AGENT, and such Agreement is intended to regulate the
rights and obligations of the Parties relating to the use of the distribution network of
DISTRIBUTOR to meet GENERATION AGENT’s needs for power supply.



(ii) The following addenda were executed on the dates indicated below: 1st Addendum on
April 06, 2009;



(iii) DISTRIBUTOR and GENERATION AGENT intend to amend some Sections of the Agreement.



The Parties decide to enter into this Second Addendum to the Agreement that shall be governed by
the following clauses and conditions:




SECTION ONE



1.1. The Parties agree that the agreed demand set forth in item 4.1. of Section 4 of the Agreement
part of which is the Amount of Use of the Distribution System shall be substituted by Exhibit I
hereto that shall henceforth be full part of the Agreement for all purposes of the law, in such a
way that all references in the Agreement to item 4.1. shall be understood as references to Exhibit
I hereto.




 









 









SECTION TWO



2.1. Item 5.3. of Section 5 of the Agreement — ENCUMBRANCE AND USE OF THE DISTRIBUTION SYSTEM —
is amended and shall henceforth be effective with the following wording:



“In accordance with Art. 5 of ANEEL Resolution No. 1,221 of January 22, 2008, no discount shall
apply to the amount of the GENERATION DSUR during the validity of this DSUA, under the conditions
established in the Resolution while the injected power is above thirty thousand kilowatts (30,000
kW).”




SECTION THREE



3.1. All other clauses and conditions of the Agreement and its addenda that have not been amended,
modified, adjusted or substituted by means hereof shall remain effective and unchanged. In the
event of any ambiguity or discrepancy between the Agreement, its addenda and the conditions hereof,
those hereof shall prevail over those of the previous ones.




SECTION FOUR



4.1. The following attorneys are authorized to individually or jointly sign the pages of this
Instrument and of its Exhibits on behalf of DISTRIBUTOR: Daniela Gomes Afonso, Fernanda Stinchi
Pascale Leonardi, Rebecca Ribeiro Maduro and Ana Martha Aguiar de Castro, enrolled with the
Brazilian Bar Association, São Paulo Chapter under No. 146.379, No. 147.517, No. 218.332 and
226.417, respectively.



In witness whereof, the Parties execute this instrument in two (02) counterparts of equal tenor,
form and effects, in the presence of the undersigned witnesses.



Campo Grande, May 01, 2010.




EMPRESA ENERGÉTICA DE MATO GROSSO DO SUL S.A. — ENERSUL




	 	 	 	 	 
	 	 	 
	 	/s/ José Antonio Sorge
 	 
	 	Name:  	José Antonio Sorge  	 
	 	Title:  	Attorney  	 
	 	ID: 	 RG 8.893.966	 
	 


Enrolled with the Individual Taxpayers’ Register of the Ministry of Finance (“CPF/MF”) under No.:
041.379.848-83




 









 





	 	 	 	 	 
	 	 	 
	 	  /s/ José Carlos Santos	 
	 	  Name:  	 José Carlos Santos 	 
	 	  Title:  	Executive Officer 	 
	 	  ID: 	RG 134.684-31 SSP / SP 	 
	 







Enrolled with the Individual Taxpayers’ Register of the Ministry of Finance (“CPF/MF”) under No.:
064.833.078-88




ANGÉLICA AGROENERGÉTICA LTDA.



/s/



Name:



ID:



Enrolled with the Individual Taxpayers’ Register (“CPF”) under No.:



Name:



ID:



Enrolled with the Individual Taxpayers’ Register (“CPF”) under No.:




WITNESSES:




	 	 	 	 	 
	 	 	 
	 	1)
/s/ Edmar Jose A.
Vicente
	 
	 	   Name:  	Edmar Jose A. Vicente 	 
	 	   ID: 	RG 7.430.321-1 	 
	 




Enrolled with the Individual Taxpayers’ Register (“CPF”) under No.: 006.321.748-11



2)



Name:



ID:



Enrolled with the Individual Taxpayers’ Register (“CPF”) under No.:




 









 








EXHIBIT I




AGREED AMOUNT OF USE



	 	 	 	 	 	 	 	 	 
	 	 	DEMAND (kW)
	VALIDITY	 	PEAK	 	OFF
— PEAK
	June 01, 2008 to April 30, 2009

	 	 	11,000	 	 	 	11,000	 
	May 01, 2009 to May 31, 2010

	 	 	20,000	 	 	 	20,000	 
	June 01, 2010 to January 21, 2038

	 	 	64,000	 	 	 	64,000