Document:

Exhibit 10.23

 

TRADUCCIÓN PÚBLICA

 

Río Cuarto, March 1, 2017

MOLINO CAÑUELAS S.A.

Kennedy N° 160, Cañuelas

Province of Buenos Aires

Argentine Republic

 

Re.: Proposal for Partial Transfer of Stock-in-Trade — Purchase and Sale of Cereals (FAS), Purchase and Sale of Inputs, Logistical Services and Other Services. PROPOSAL OF ADDENDUM No. 1

 

Dear Sirs,

 

On behalf of COMPAÑÍA ARGENTINA DE GRANOS S.A. (hereinafter referred to as “CAGSA”), I, Carlos A. Navilli, D.N.I. [National ID Document No.] 12,657,137, am pleased to submit to MOLINO CAÑUELAS S.A.C.I.F.I.A. (hereinafter referred to as MC and, jointly with CAGSA, the “PARTIES”) the following proposal for an amendment to the Proposal for the Partial Transfer of Stock-in-Trade — Purchase and Sale of Cereals (FAS), Purchase and Sale of Inputs, Logistical Services and Other Services (hereinafter referred to as the “Proposal”) dated December 1, 2017 (hereinafter referred to as “ADDENDUM No. 1”).

 

WHEREAS:

 

1) ANNEX 1.2.1. of the Proposal contained certain errors and omissions regarding the real property required to operate the Stock-in-Trade.

 

2) The Proposal contained a series of contracts that were assigned by CAGSA to MC so that the latter may continue to operate the transferred Stock-in-Trade (hereinafter referred to as “Assumed Contracts”);

 

3) The Assumed Contracts included all the leases of the real estate used to operate the commercial branches of the Stock-in-Trade that were in operational conditions and transferred to MC so that it would continue operating the Stock-in-Trade.

 

4) The Proposal expressly stated that THE PARTIES may incorporate new Assumed Contracts provided that they refer to operations related to the Stock-in-Trade and could not be assigned in due time for reasons beyond the PARTIES’ control, such as pending authorizations, registrations; and

 

1

 

5) As of the date of this proposal of ADDENDUM No. 1, there are other lease agreements used for the operation of other branches that may be transferred to be operated by MC as part of the acquired Stock-in-Trade.

 

NOW, THEREFORE, THE PARTIES hereby agree as follows:

 

ONE: To replace ANNEX 1.2.1. of the Proposal, with ANNEX 1.2.1. attached to this Addendum No. 1.

 

TWO: By virtue of Clause 3.4 of the Proposal, ANNEX 3.1. (the “Assumed Contracts”) signed jointly with the Proposal, is superseded by the document attached as ANNEX 3.1 to this proposal of ADDENDUM No. 1.

 

THREE: THE PARTIES hereby state that the Assumed Contracts included in ANNEX 3.1. attached to this ADDENDUM No. 1 are all of the contracts to be assigned to MC to operate the Stock-in-Trade. Notwithstanding the above, MC may assume CAGSA’s contractual position in each particular contract as it obtains the authorizations for their operation by the respective authorities and may withdraw from any of them if they are not necessary to operate the Stock-in-Trade on the basis of its business plan. To that end and for the purpose of notifying whomever it may concern, within a term of six (6), MC shall inform CAGSA of the contracts under which it shall assume its contractual position, and may request an additional term of three (3) months. Once the abovementioned term has elapsed, MC shall be deemed to have assumed the contractual position under all of the contracts indicated in ANNEX 3.1 of this ADDENDUM No. 1, and all pending notices shall be provided.

 

FOUR: All of the terms and conditions of all clauses of the Proposal that were not subject to amendment in this ADDENDUM No. 1 shall remain in full force and effect and shall govern the contractual relationship between THE PARTIES until their termination.

 

FIVE: This proposal of ADDENDUM No. 1 shall be understood to be accepted by MC if it sends a letter to CAGSA accepting it under the reference “ACCEPTANCE OF ADDENDUM No. 1,” within a term of 15 (fifteen) days of its receipt.

 

Sincerely,

[illegible signature]

Carlos A. Navilli

Proxy

COMPAÑÍA ARGENTINA DE GRANOS S.A.

 

ANNEX 1.2.1. LIST OF REAL PROPERTY AND COPY OF DEEDS

 

	
Location
    	
 
    	
Address
    	
 
    	
Province
    
	
AZUL
    	
 
    	
Ruta Nacional número 3 - Azul
    	
 
    	
BUENOS AIRES
    
	
BALCARCE
    	
 
    	
Av. Centenario 1552
    	
 
    	
BUENOS AIRES
    

 

2

 

	
CNEL. SUAREZ
    	
 
    	
Olavarria esq. Logia Lautaro
    	
 
    	
BUENOS AIRES
    
	
PIGUE
    	
 
    	
Parcela 1 - Quinta 6A 92-85-74 -   Lote 1A
    	
 
    	
BUENOS AIRES
    
	
ADELIA MARIA
    	
 
    	
Almafuerte N° 1
    	
 
    	
CORDOBA
    
	
ADELIA MARÍA
    	
 
    	
Av. San Martín 691
    	
 
    	
CÓRDOBA
    
	
ADELIA MARÍA
    	
 
    	
Av. San Martin 711
    	
 
    	
CÓRDOBA
    
	
ADELIA MARÍA
    	
 
    	
Ruta Prov. N° 24
    	
 
    	
CÓRDOBA
    
	
CHARRAS
    	
 
    	
Estación del FFCC Gral. Mitre
    	
 
    	
CÓRDOBA
    
	
DEL CAMPILLO
    	
 
    	
Leopoldo Lugones S/N
    	
 
    	
CÓRDOBA
    
	
GRAL. LEVALLE
    	
 
    	
Francisco Masteri N° 810
    	
 
    	
CÓRDOBA
    
	
HUANCHILLA
    	
 
    	
Predio FFCC Nuevo Central Argentino
    	
 
    	
CÓRDOBA
    
	
LA CARLOTA (LA MAGDALENA)
    	
 
    	
Ruta N° 13 - km N° 1
    	
 
    	
CÓRDOBA
    
	
MACKENNA
    	
 
    	
Estación del FFCC, esq. Ruta N°   35
    	
 
    	
CÓRDOBA
    
	
MACKENNA
    	
 
    	
Lote A, Mza 54, Vicuña Mackenna, Pedañia   La Cautiva
    	
 
    	
CÓRDOBA
    
	
MTE. DE LOS GAUCHOS
    	
 
    	
Predio Estación FFCC
    	
 
    	
CÓRDOBA
    
	
PUNTA DEL AGUA
    	
 
    	
Ruta Provincial 24 - Punta del Agua
    	
 
    	
CÓRDOBA
    
	
RIO CUARTO
    	
 
    	
Ruta NA 8 — Km. 602,5
    	
 
    	
CÓRDOBA
    
	
ROSALES
    	
 
    	
Parte de Lote 25, Fracción C, Estación   Rosales
    	
 
    	
CÓRDOBA
    
	
SACANTA
    	
 
    	
Parcela 223-6179, Pedañia San Francisco,   Depto. San Justo
    	
 
    	
CÓRDOBA
    
	
WASHINGTON
    	
 
    	
Ruta 7 —Km. 650 (Fracción A Mza   13)
    	
 
    	
CÓRDOBA
    
	
HILARIO LAGOS
    	
 
    	
Joaquín Armesto esq. Acceso Este
    	
 
    	
LA PAMPA
    
	
REALICO
    	
 
    	
Estación del Ferrocarril Sarmiento
    	
 
    	
LA PAMPA
    
	
JUSTO DARACT
    	
 
    	
Acc. Malvinas Argentinas esq. Predio   de FFCC
    	
 
    	
SAN LUIS
    

 

ANNEX 3.1.

 

LIST OF ASSUMED CONTRACTS

 

	
COUNTERPARTY
    	
 
    	
PURPOSE OF THE CONTRACT
    
	
AGRONOMIA GARRE SA
    	
 
    	
Real property lease
    
	
BELGRANO CARGAS Y LOGISTICA S.A.
    	
 
    	
Real property lease
    
	
BELGRANO CARGAS Y LOGISTICA S.A.
    	
 
    	
Real property lease
    
	
BELGRANO CARGAS Y LOGISTICA S.A.
    	
 
    	
Real property lease
    
	
BELGRANO CARGAS Y LOGISTICA S.A.
    	
 
    	
Real property lease
    
	
BOTTARO HERNAN RUBEN Y BOTTARO   FERNANDO RUBEN
    	
 
    	
Real property lease
    

 

3

 

	
FURFARO ERNESTO JOSE
    	
 
    	
Real property lease
    
	
LOPEZ NILDA GRACIELA
    	
 
    	
Real property lease
    
	
HERNAN BUCHHOLZ SA
    	
 
    	
Real property lease
    
	
CHERNE DE BENITEZ STELLA MARIS
    	
 
    	
Real property lease
    
	
DE BRITO HORACIO JOSE
    	
 
    	
Real property lease
    
	
PASEO DE LA RIBERA SA
    	
 
    	
Real property lease
    
	
PESCHIUTTA MIGUEL ANGEL
    	
 
    	
Real property lease
    
	
PESCHIUTTA RUBEN HILARIO
    	
 
    	
Real property lease
    
	
REPUESTOS DDR S.A.
    	
 
    	
Real property lease
    
	
SCHROH AGUSTIN ROBERTO
    	
 
    	
Real property lease
    
	
FERROEXPRESO PAMPEANO S.A. -   MINIMUM LOAD AGREEMENT CORONEL HILARIO LAGOS STATION
    	
 
    	
Agreement
    
	
ESTEVEZ JUAN CARLOS
    	
 
    	
Real property lease
    
	
LOS ALERCES S.A.C.I.A.
    	
 
    	
Additional Agreement
    
	
MOLINOS FLORENCIA S.A.
    	
 
    	
Real property lease
    
	
ZURBRIGGEN GERMAN — VITTORE   LEANDRO JOSE
    	
 
    	
Real property lease
    
	
MOLINOS FLORENCIA S.A.
    	
 
    	
Addendum
    
	
QUIROGA ALDO
    	
 
    	
Real property lease
    
	
MARTIRENA FERMIN - INTESTACY
    	
 
    	
Real property lease
    
	
CONDOMINIUM OSCAR A. BILO AND   OTHERS
    	
 
    	
Real property lease
    
	
ROSSI IRMA OLGA - CATERA GABRIELA   MARIA ANTONIA — CATERA ANDRES JOSE LUIS — CATERA JUAN PABLO
    	
 
    	
Real property lease
    
	
AGRO ADVANCE TECHNOLOGY S.A.
    	
 
    	
Private Agreement
    
	
FERNANDEZ BOO EZEQUIEL
    	
 
    	
Real property lease
    
	
MOLINOS FLORENCIA S.A.
    	
 
    	
Gratuitous loan
    
	
ESTATE OF ROBERTO CAPELARI
    	
 
    	
Real property lease
    
	
SPERANZA MARIA ROSA
    	
 
    	
Real property lease
    
	
LARRETAPE FERNANDO SERGIO
    	
 
    	
Real property lease
    
	
CAGNONE JUAN MANUEL EMILIANO
    	
 
    	
Real property lease
    
	
SANTA CECILIA DEL OESTE S.A.
    	
 
    	
Real property lease
    
	
OCHOA FAVIO ANGEL
    	
 
    	
Real property lease
    
	
MUÑOZ JOSE MARIA AND MARKUS JUAN   MARTIN
    	
 
    	
Real property lease
    
	
CRECIENDO SA
    	
 
    	
Real property lease
    
	
AGROMECANICA BOLIVAR SRL
    	
 
    	
Real property lease
    
	
FOGLINO OSVALDO GUILLERMO - SALUD   OCUPACIONAL
    	
 
    	
Service Agreement
    
	
SOCIEDAD RURAL DE LOBOS - OF. DE   COLABORACION
    	
 
    	
Donation
    
	
ESPADA ESTEBAN DAMIAN — CORIA   KARINA ALEJANDRA
    	
 
    	
Real property lease
    
	
NIDAN SA
    	
 
    	
Real property lease
    
	
HORACIO RUBEN BERTONE / SERGIO   FERNANDO BERTONE
    	
 
    	
Real property lease
    

 

4

 

	
LA GALEZA SRL
    	
 
    	
Real property lease
    
	
TERRENO ZELMIRA MARIA
    	
 
    	
Real property lease
    
	
ENCODE SA
    	
 
    	
Confidentiality Agreement
    
	
BELGRANO CARGAS Y LOGÍSTICAS S.A.
    	
 
    	
Gratuitous loan
    
	
BLOOMBERG LP
    	
 
    	
Service Agreement
    
	
DEPONOA SRL
    	
 
    	
Real property lease
    
	
DANTE ABEL RODRIGUEZ
    	
 
    	
Real property lease
    
	
DON LISANDRO SRL
    	
 
    	
Real property lease
    
	
ALFREDO CÉSAR KOHLER and CECILIA   INCHAUSTI DE KOHLER
    	
 
    	
Real property lease
    
	
HECTOR LUIS DI CANDIA, DNI   [National ID No.:] 23,164,651 and GRACIELA NOEMI CASELLA, DNI: 10,841,292
    	
 
    	
Real property lease
    
	
AUDISIO PEDRO ROBERTO
    	
 
    	
Real property lease
    
	
MARVEGGIO HUGO EDGARDO   AND ABAD ROBERTO OMAR
    	
 
    	
Real property lease
    
	
PEREYRA OSCAR ISMAEL
    	
 
    	
Real property lease
    
	
ASOCIACION DE COOPERATIVAS   ARGENTINAS COOP. LTDA.
    	
 
    	
Gratuitous loan
    
	
ESTATE OF HERMINIO ANGEL PITTARO
    	
 
    	
Real property lease
    
	
MOLINO FLORENCIA S.A.
    	
 
    	
Real property lease
    
	
GOVERNMENT OF THE PROVINCE OF SAN   LUIS
    	
 
    	
Gratuitous loan
    
	
FERROEXPRESO PAMPEANO S.A.
    	
 
    	
Real property lease
    
	
BELGRANO CARGAS Y LOGÍSTICAS S.A.
    	
 
    	
Real property lease
    
	
J.B.A. S.A.
    	
 
    	
Real property lease
    
	
GAP S.A
    	
 
    	
Real property lease
    
	
URBAN HUGO LUIS
    	
 
    	
Real property lease
    
	
GAR S.A.
    	
 
    	
Real property lease
    
	
TRONCOSO RICARDO CEFERINO and   ANGEL HECTOR PECCIN
    	
 
    	
Real property lease
    
	
ALEJANDRO M. GAHAN and MARCELO F.   CAPPELLETTI
    	
 
    	
Real property lease
    
	
BELGRANO CARGAS Y LOGÍSTICAS S.A.
    	
 
    	
Real property lease
    
	
FLORES HUGO ALFREDO
    	
 
    	
Real property lease
    
	
EL ANCHOZONAL S.R.L.
    	
 
    	
Real property lease
    
	
ARGAÑARAZ CARLOS ALBERTO
    	
 
    	
Real property lease
    
	
BERNARDINI JORGE A.
    	
 
    	
Real property lease
    
	
DI GIANNANTONIO EDITH ADELA X   DIAZ EDGAR
    	
 
    	
Real property lease
    
	
FELICE JUAN ADOLFO
    	
 
    	
Real property lease
    
	
FLORES MARIA CRISTINA
    	
 
    	
Real property lease
    
	
GAITAN ERNESTO DOMINGO
    	
 
    	
Real property lease
    
	
GAMI COM SA
    	
 
    	
Real property lease
    
	
GENTILE ROBERTO DOMINGO
    	
 
    	
Real property lease
    

 

5

 

	
HERRERA MARTIN HORACIO
    	
 
    	
Real property lease
    
	
ISITEC SRL.
    	
 
    	
Real property lease
    
	
KAUER CARLOS FEDERICO
    	
 
    	
Real property lease
    
	
LEE LEONARDO
    	
 
    	
Real property lease
    
	
MAFFEZZINI ROSA LEONOR
    	
 
    	
Real property lease
    
	
MORALES VICENTE A. AND AGUIRRE   BEATRIZ N.
    	
 
    	
Real property lease
    
	
NACCARATO ALEJANDRO GABRIEL
    	
 
    	
Real property lease
    
	
SCALELLA MARIA MARTA
    	
 
    	
Real property lease
    

 

[There is an illegible signature.]

 

6Exhibit 10.24

 

Río Cuarto, February 27, 2017

MOLINO CAÑUELAS S.A.

Kennedy N° 160, Cañuelas

Province of Buenos Aires

Argentine Republic

 

Re.: Proposal for Partial Transfer of Stock-in-Trade — Purchase and Sale of Cereals (FAS), Purchase and Sale of Inputs, Logistical Services and Other Services. PROPOSAL OF ADDENDUM No. 2

 

Dear Sirs,

 

On behalf of COMPAÑÍA ARGENTINA DE GRANOS S.A. (hereinafter referred to as “CAGSA”), I, Carlos A. Navilli, D.N.I. [National ID Document No.] 12,657,137, am pleased to submit to MOLINO CAÑUELAS S.A.C.I.F.I.A. (hereinafter referred to as MC and, jointly with CAGSA, the “PARTIES”) the following proposal for an amendment to the Proposal for the Partial Transfer of Stock-in-Trade — Purchase and Sale of Cereals (FAS), Purchase and Sale of Inputs, Logistical Services and Other Services (hereinafter referred to as the “Proposal”) dated December 1, 2016 (hereinafter referred to as  “ADDENDUM No. 1”).

 

WHEREAS:

 

(i) Clause 6.2. of the Proposal states that MC must the Stock-in-Trade price by one of the mechanisms legally in effect prior to 03/31/2017;

 

(ii) As of the date of this Addendum No. 2, there are authorizations and other pending matters to be resolved by CAGSA that have prevented MC from assuming absolute control of all of the business units of which the Stock-in-Trade is composed; and

 

(iii) It is the intention of the PARTIES to extend the payment term so that the payment may be made once MC is able to fully operate the Stock-in-Trade.

 

NOW, THEREFORE, THE PARTIES hereby agree as follows:

 

ONE: The PARTIES shall extend the payment term established in Clause 6.2. of the Proposal according to the following payment term for the price balance:

 

1) An amount of $80,000,000 (eighty million Argentine pesos) must be paid prior to March 31, 2018; and

 

2) An amount of $350,000,000 (three hundred million Argentine pesos) must be paid prior to March 31, 2019.

 

TWO: The payments mentioned in the foregoing clause must be made by one of the legal mechanisms in effect.

 

1

 

THREE: All of the terms and conditions of all clauses of the Proposal that were not subject to amendment in this ADDENDUM No. 2 shall remain in full force and effect and shall govern the contractual relationship between THE PARTIES until their termination.

 

FOUR: This proposal of ADDENDUM No. 2 shall be understood to be accepted by MC if it sends a letter to CAGSA accepting it under the reference “ACCEPTANCE OF ADDENDUM No. 2,” within a term of 15 (fifteen) days of its receipt.

 

Sincerely,

[illegible signature]

[stamp:] Compañía Argentina de Granos. Proxy.

Carlos A. Navilli

Proxy

COMPAÑÍA ARGENTINA DE GRANOS S.A.

 

Cañuelas, February 28, 2017

COMPAÑÍA ARGENTINA DE GRANOS S.A.

Gobernador Guzmán N° 1253

City of Río Cuarto, Province of Córdoba

Argentine Republic

 

Re.: Proposal for Partial Transfer of Stock-in-Trade — Purchase and Sale of Cereals (FAS), Purchase and Sale of Inputs, Logistical Services and Other Services. ACCEPTANCE OF ADDENDUM No. 2

 

Dear Sirs,

 

As proxy of MOLINO CAÑUELAS S.A.C.I.F.I.A., I, Ricardo A. Navilli, D.N.I. [National ID No.] 13,420,134, would like to inform you of our acceptance of ADDENDUM NO. 2 dated February 27, 2017.

 

[illegible signature]

[stamp:] Molino Cañuelas S.A.C.I.F.I.A. Proxy.

Ricardo A. Navilli

D.N.I. 13,420,134

Proxy

MOLINO CAÑUELAS S.A.C.I.F.I.A.

 

2

 

Cañuelas, February 28, 2017

COMPAÑÍA ARGENTINA DE GRANOS S.A.

Gobernador Guzmán N° 1253

City of Río Cuarto, Province of Córdoba

Argentine Republic

 

Re.: Proposal for Partial Transfer of Stock-in-Trade — Purchase and Sale of Cereals (FAS), Purchase and Sale of Inputs, Logistical Services and Other Services. NOTICE THAT IT SHALL EXERCISE THE OPTION TO PURCHASE TRADEMARKS AND LOGOS.

 

Dear Sirs,

 

On behalf of MOLINO CAÑUELAS S.A.C.I.F.I.A. (hereinafter referred to as “MC”), I, Carlos A. Navilli, D.N.I. D.N.I. [National ID Document No.] 12,657,137, would like to inform COMPAÑÍA ARGENTINA DE GRANOS S.A. (hereinafter referred to as “CAGSA”) within the framework of the Proposal for the Partial Transfer of Stock-in-Trade — Purchase and Sale of Cereals (FAS), Purchase and Sale of Inputs, Logistical Services and Other Services (hereinafter referred to as the “Proposal”) by which we are bound, that MC shall exercise the option to purchase CAGSA trademarks and logos pursuant to Clause 2.1.3. of the Proposal.

 

Sincerely,

[illegible signature]

[stamp:] Molino Cañuelas S.A.C.I.F.I.A. Proxy.

Carlos A. Navilli

Proxy

MOLINO CAÑUELAS S.A.C.I.F.I.A.

 

3

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