exhibit04_19.htm - Generated by SEC Publisher for SEC Filing



  





 


EXHIBIT 4.19 



Summary of Agricultural Sub Partnership Agreement


Parties: Brenco – Companhia Brasileira de Energia Renovável, as Partner Possessor, and Brasilagro – Companhia Brasileira de Propriedades Agrícolas, as Sub Partner Farmer.


Object: The assignment, by the Partner Possessor Sub Partner Farmer, possession of arable land of the properties listed in Annex I, for purposes of exploitation of the sugarcane crop.


Term:  The Agreement shall remain in force contract for each agricultural area of the properties listed in Annex I, according to the deadlines set out in Annex II. 


Participation of Parties: The participation of Partner Possessor will be each harvest, 10% (ten percent) of fruits produced and the participation of Sub Partner Farmer will each harvest, 90% (ninety percent) of fruits produced.


However, under Article 96 of Law 4,504/64, the Parties pre established the participation of Partner Possessor, as follows:


For Areas 1, 2 and 5 listed in Annex II, the partner Possessor will be entitled to receive 17.97 (seventeen point ninety-seven) tons of sugarcane per hectare of sugarcane per year for year Agreement period;


For areas 3, 4, 6, 7, 8 and 9 listed in Annex II, the partner Possessor will be entitled to receive the following amounts of tons of sugarcane per hectare, per year: (a) for the harvest 2018 / 2019, the amount of 23.53 (twenty-three point fifty three) tons of sugarcane; (b) for the 2019/2020 crop, the amount of 28.55 (twenty eight point fifty-five) tons of sugarcane; (c) for the 2020/2021 crop, the amount of 27.96 (twenty seven point ninety-six) tons of sugarcane; and (d) for other crops (before or after the time period set forth above), the amount of 17.97 (seventeen point ninety-seven) tons of sugarcane.


 


Sharing Risk: The Parties will share only the risks resulting from changes in the price of sugarcane, and the production of sugarcane is insufficient to remedy the volumes due to Partner Possessor, the Sub Partner Farmer shall indemnify Partner Possessor.


 


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BRENCO – COMPANHIA BRASILEIRA DE ENERGIA RENOVÁVEL


	

   /s/ Luiz Paulo Sant’Anna


   Agro-industrial Superintendent
	

   /s/    Celso Luiz Tavares Ferreira


   Vice Chief Operating Officer




 


 


 




 









 


  





 



 


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BRASILAGRO COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS


 


	

   /s/ André Guillaumon


   Chief Operating Officer 
	

   /s/ Gustavo Javier Lopez


   Chief Administrative Officer

	

    


    


    


    


   WITNESSES: 


   /s/Ana Luisa Gomes Kós Duboc de Almeida


   /s/Ana Carolina Carpegiani


    


    
	 



 


 




 









 


  





 


ANNEX I – REAL ESTATE REGISTER





	

   Number, Real Estate, Localization,


   Register(s)
	

   Proprietary(s)
	

   Object


   (Agricultural Area)
	

   Beginning of Validity of Partnership Agricultural 


    
	

   Expiration of Validity of Partnership Agricultural 


    

	

   Enfurnado Farm, Alto Araguaia/MT, M. 1,735 RI de Alto Araguaia/MT
	

   Silvio Ramos Rodrigues
	

   409.06 ha 
	

   03/10/2012
	

   12/31/2016

	

   Terra Boa Farm, Alto Taquari/MT, M. 37 RI de Alto Taquari/MT
	

   Sebastião de Sá
	

   454.34 ha 
	

   08/20/2012
	

   12/31/2018

	

   Primavera Farm, Alto Taquari/MT, M. 1,295 RI de Alto Taquari/MT
	

   Roberta Grellet da Costa
	

   96.55 ha 
	

   09/01/2011
	

   12/30/2025

	

   Santo Antônio Farm, Alto Araguaia/MT, M. 8,156 RI de Alto Araguaia/MT
	

   Antonio Demilson de Oliveira
	

   346.92 ha 
	

   01/10/2012
	

   12/30/2026

	

   Camilana Farm, Alto Taquari/MT, M. 878 RI de Alto Taquari/MT
	

   Camila Cristina Wihelms Naumann
	

   162.6 ha 
	

   08/01/2011
	

   12/30/2018

	

   Bavia Farm, Alto Taquari/MT, M. 1,224 RI de Alto Taquari/MT
	

   Bruna e Paula Bavia
	

   319.43 ha 
	

   09/01/2011
	

   12/30/2025

	

   Rancho Alegre Farm and Girassol Farm, Alto Taquari/MT, M. 1,225 and 1.227 RI de Alto Taquari/MT 
	

   Bruna Alves Bavia
	

   197.42 ha 
	

   03/01/2011
	

   12/30/2025

	

   Santa Paula Farm and Bom Jesus Farm, Alto Taquari/MT, M. 1,226 and 494 RI de Alto Taquari/MT
	

   Paula Alves Bavia
	

   263.49 ha
	

   03/01/2011
	

   12/30/2025

	

   Fabiano Farm, Alto Taquari/MT, M. 2,405, 474, 3,961 and 1,584 RI de Alto Taquari/MT
	

   Vilson Schneider
	

   2,013.62 ha
	

   01/02/2012
	

   08/30/2028





 




 









 


  





 



ANNEX II – VALIDITY OF SUB PARTNERSHIP AGRICULTURAL




	

   Number, Real Estate, Localization,


   Register(s)
	

   Proprietary(s)
	

   Agricultural Area
	

   Beginning of Validity of Agricultural Sub Partnership 


    
	

   Expiration of Validity of Agricultural Sub Partnership 

	

   1 – Enfurnado Farm, Alto Araguaia/MT, M. 1.735 RI de Alto Araguaia/MT
	

   Silvio Ramos Rodrigues
	

    


   409.06 ha
	

    


   04/01/2019 *
	

    


   03/31/2025

	

   2 - Terra Boa Farm, Alto Taquari/MT, M. 37 RI de Alto Taquari/MT
	

   Sebastião de Sá
	

    


   454.34 ha
	

   04/01/2017 *
	

   03/31/2024

	

   3 – Primavera Farm, Alto Taquari/MT, M. 1.295 RI de Alto Taquari/MT
	

   Roberta Grellet da Costa
	

    


   96.55 ha
	

   04/01//2017 *
	

   03/31/2024

	

   4 - Santo Antônio Farm, Alto Araguaia/MT, M. 8.156 RI de Alto Araguaia/MT
	

   Antonio Demilson de Oliveira
	

    


   346.92 ha
	

    


   04/01/2016 *
	

    


   03/31/2023

	

   5 – Camilana Farm, Alto Taquari/MT, M. 878 RI de Alto Taquari/MT
	

   Camila Cristina Wihelms Naumann
	

    


   162.6 ha
	

    


   04/01/2019 *
	

    


   03/31/2026

	

   6 – Bavia Farm, Alto Taquari/MT, M. 1.224 RI de Alto Taquari/MT
	

   Bruna e Paula Bavia
	

    


   319.43 ha
	

    


   04/01/2018 *
	

    


   03/31/2025

	

   7 - Rancho Alegre Farm and Girassol Farm, Alto Taquari/MT, M. 1.225 and 1.227 RI de Alto Taquari/MT


    
	

   Bruna Alves Bavia
	

    


   197.42 ha
	

    


   04/01/2018 *
	

    


   03/31/2025

	

   8 - Santa Paula Farm and Bom Jesus Farm, Alto Taquari/MT, M. 1.226 e 494 RI de Alto Taquari/MT
	

   Paula Alves Bavia
	

    


   263.49 ha
	

    


   04/01/2017 *
	

    


   03/31/2024

	

   9 – Fabiano Farm, Alto Taquari/MT, M. 2,405, 474, 3,961 and 1,584 RI de Alto Taquari/MT
	

    


   Vilson Schneider
	

    


   2,013.62 ha
	

   04/01/2019 *
	

   03/31/2024