Document:

Second Amendment to Agreement to Supply Sugarcane

 EXHIBIT 4.04 
 SECOND AMEMNDMENT TO THE AGREEMENT OF SUGARCANE SUPPLY 
 By this Private Instrument, the below
qualified parties, 
 BRASILAGRO – COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS, joint stock company enrolled at the National
Register of Corporate Taxpayers (CNPJ) under 07.628.528/0001-59, headquartered in the city of São Paulo, State of São Paulo, at Avenida Brigadeiro Faria Lima, n° 1.309 – 5o andar, herein duly represented pursuant to its
By Laws, hereinafter named “BRASILAGRO”; and 
 BRENCO – COMPANHIA BRASILEIRA DE ENERGIA RENOVÁVEL, joint stock
company, enrolled at the National Register of Corporate Taxpayers (CNPJ) under 08.070.566/0001-00, headquartered in the city of São Paulo, State of São Paulo, at Avenida Pedroso de Moraes, n° 1.553 – 8° andar , herein duly
represented pursuant to its By Laws , hereinafter named “BRENCO”; 
 And , further , as consenting party, IMOBILIÁRIA
ARAUCÁRIA LTDA. Private limited company enrolled at the National Register of Corporate Taxpayers (CNPJ) under 08.745.851/0001-75, headquartered in the city of São Paulo, State of São Paulo, at Avenida Brigadeiro Faria Lima,
n° 1.309 - 5° andar , sala 03, herein duly represented pursuant to its By Laws, hereinafter named “IMOBILIÁRIA ARAUCÁRIA”; 
 Being IMOBILIÁRIA ARAUCÁRIA, BRASILAGRO and BRENCO hereinafter also referred to, jointly , as “Parties” or , individually, “Party”; 

WHEREAS 
  

	 	(i)	On March 13 2008, the Parties entered into the Agreement for Sugarcane Supply (“Agreement”), as amended on August 31 2009 by the “First
Amendment to the Sugarcane Supply Agreement” (“First Amendment”), the purpose of which is the supply, by BRASILAGRO to BRENCO, of the production of 2 (two) complete cycles of sugarcane crop produced in the total effectively plantable
area existing in the rural property object of the real state registration 19.964 of the Real State Registry of District of Mineiros, State of Goiás (“Properties of Morro Vermelho Project” or “Fazenda Morro Vermelho “);

  

	 	(ii)	Pursuant to Section 1.3 (f) of the First Amendment, BRENCO shall pay to BRASILAGRO the 2009/2010 Result (as defined in the First Amendment) according to the
following payment flow: the amount related to 83% of the financial result for April of 2009/2010 harvests shall be paid on 05.05.2010 and the remaining 17% paid in 4 monthly and successive installments of 4%, 4%, 4% and 5% with maturities,
respectively, on 01.31.2011,02.28.2011,03.31.2011 and 04.30.2011; the amount related to 83% of the financial result for May of 2009/2010 harvests shall be paid on 06.05.2010 and the remaining 17% paid in 4 monthly and successive installments of 4%,
4%, 4% and 5% with maturities, respectively, on 01.31.2011, 02.28.2011, 03.31.2011 and 04.30.2011, and thus successively; being certain that the installments of the Monthly Financial Result 09/10 (as defined in the First Amendment) shall be restated
at the rate of 100% of the CDI from date in which it should have been performed, pursuant to the Agreement, each payment due by BRENCO to BRASILAGRO for the sugarcane that should be supplied in the 2009/2010 harvest should BRENCO have complied with
the receipt schedule of the sugarcane for that harvest; and 

	 	(iii)	The Parties agreed in establishing the amount for 2009/2010 Result, stating as base date April 30, 2010, as well as changing 2009/2010 Result payment flow set
forth in Section 1.2 (f) of the First Amendment, so that such payment is performed in one single installment falling due on June 01, 2010; 

 The Parties have just and contracted this Second Amendment to the Agreement of Sugarcane Supply (“Second Amendment”), which shall be governed by the following terms and conditions: 

 

	1.	PURPOSE OF THE AMENDEMENT 

  

	1.1.	By this Second Amendment, the Parties have certain and adjusted that the amount of the 2009/2010 Result, on April 30 2010, considering the calculation assumptions
established in the First Amendment, was R$ 3,466,066.00 (three million, four hundred and sixty six thousand and sixty six reais); which shall be paid by BRENCO to BRASILAGRO on June 01 2010, plus monetary restatement at the rate of 100% of CDI
from April 30 2010 to the date of the effective payment. 

  

	 	1.1.1.	Should BRENCO fail to comply with the payment term for the 2009/2010 Result determined in Section 1.1 above, it shall incur in fine in arrears in the amount
corresponding to 15% (fifteen per cent) of the unpaid amount, plus monetary restatement by the positive variation of IGPM-FGV and interest of 1% (one per cent) per month, calculated on a “pro rata die” basis.

  

	 	1.1.2.	Due to the provisions of Section 1.1 above, it is revoked, in full right, item “f” of Section 1.3 of the First Amendment. 

 

	2.	RATIFICATIONS OF THE OTHER PROVISIONS IN THE AGREEMENT 

  

	2.1.	All other provisions included in the Agreement which have not been expressly altered by this Second Amendment remain ratified. 

 

	3.	GENERAL PROVISIONS 

  

	3.1.	Each of the Parties may propose changes in the contractual provisions of this Second Amendment, through new amendment to the Agreement, in written instrument, signed by
both Parties, which becomes an integral part of the Agreement for all legal effects. 

  

	3.2.	In case of rights and obligations arising from the Agreement and/or this Second Amendment which, for their nature, maintain their effectiveness and validity in force
for a period after termination or rescission of the Agreement, these shall survive to the termination or rescission of the Agreement, for the validity period prescribed to them. 

 

	3.3.	Should any term and/or condition of this Second Amendment be stated null, invalid or unenforceable by any court, such fact shall not affect the validity, legality and
enforceability of any remaining contractual provision, which shall remain in force and produce effects as if the invalidated party had never been herein included, from its execution. 

 

	3.4.	The tolerance or compromise, by any of the Parties, to the failure to comply with any term of this Second Amendment, shall not be considered as waiver by that Party in
requiring the compliance with any other provision therein on in the Agreement, and shall not be considered as novation or tolerance for the noncompliance with any past, present or future obligation, related to the term whose noncompliance has been
tolerated. 

  
 2 

	3.5.	Any notice or communication from one Party to the other in relation to the execution of this Second Amendment shall be in writing, and shall be considered valid if
delivered in hands with acknowledge of receipt or if remitted by fax with confirmation of receipt or registered letter with Acknowledgment of Receipt (AR), in the following addresses: 

If addressed to BRASILAGRO: 

			
	Name:	  	Gustavo Javier Lopez
	Title:	  	Administrative Director
	C/c:	  	Legal Department
	Address:	  	Av. Brigadeiro Faria Lima, n° 1.309 – 5° andar
		  	Zip Code 01452-002 – São Paulo- SP
	Fax:	  	(11) 3035-5366
	e-mail:	  	gustavo.lopez@brasil-agro.com

 If addressed to BRENCO: 

			
	Name:	  	[—]
	Title:	  	[—]
	Address:	  	Avenida Pedroso de Moraes, no 1.553 – 8o andar
		  	Zip Code 05419-001 – São Paulo, SP
	Fax:	  	(11) 3095-2251
	e-mail:	  	[—]

  

	3.6.	The rights and obligations hereunder bind the Parties on their behalf and on behalf of their successors of any title. 

 

	3.7.	The terms started in capital letters not defined in this Second Amendment have the meaning attributed to them in the Agreement. 

 

	3.8.	This Amendment constitutes the full agreement between the Parties on its purpose and revokes any other prior understandings about it. 

 

	4.	FORUM 

  

	4.1.	This Second Amendment shall be governed and interpreted in accordance with the laws of the Federative Republic of Brazil and the Parties elect the courts of the city of
São Paulo, State of São Paulo, to resolve any doubts or controversies resulting from this Amendment, with the exclusion of all others, however privileged they may be. 

In witness whereof, the Parties sign this instrument in 02 (two) counterparts of same content and form, in the presence of two undersigned witnesses in
order to produce all legal effects. 

  
 3 

 São Paulo, May 03, 2010. 

BRASILAGRO – COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS 

 

					
	  
	  		  	  

	 Julio Cesar de Toledo Piza
 President Director
	  		  	André Guillaumon
Operations Director

 BRENCO – COMPANHIA BRASILEIRA DE ENERGIA RENOVÁVEL 

 

					
	  
	 		  	  

	[—]	 		  	[—]

  

							
	Witnesses:	 		 	
	1.	 	  
	 	2.	 	  

	Name:	 		 	Name:	 	
	CPF:	 		 	CPF	 	
	RG:	 		 	RG:	 	

  
 4Third Amendment to Agreement to Supply Sugarcane

 EXHIBIT 4.05 
 THIRD AMENDMENT TO THE AGREEMENT OF SUGARCANE SUPPLY 
 By this Private Instrument, the
below qualified parties, 
 BRASILAGRO – COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS, joint stock company enrolled at the
National Register of Corporate Taxpayers (CNPJ) under 07.628.528/0001-59, headquartered in the city of São Paulo, State of São Paulo, at Avenida Brigadeiro Faria Lima, n° 1.309 – 5o andar, herein duly represented pursuant
to its By Laws, hereinafter named “BRASILAGRO”; and 
 BRENCO – COMPANHIA BRASILEIRA DE ENERGIA RENOVÁVEL, joint
stock company, enrolled at the National Register of Corporate Taxpayers (CNPJ) under 08.070.566/0001-00, headquartered in the city of São Paulo, State of São Paulo, at Avenida Pedroso de Moraes, n° 1.553 – 8° andar, herein
duly represented pursuant to its By Laws , hereinafter named “BRENCO”; 
 Being BRASILAGRO and BRENCO hereinafter also referred
to, jointly, as “Parties” or, individually, as “ Party”; 
 WHEREAS 

 

	 	(i)	On March 13 2008, the Parties entered into the Agreement for Sugarcane Supply (“Agreement”), as amended on August 31, 2009 by the “ First
Amendment to the Sugarcane Supply Agreement” (“ First Amendment”) and on May 03, 2010 by the Second Amendment to the Sugarcane Supply Agreement” (“Second Amendment”) , the purpose of which is the supply, by
BRASILAGRO to BRENCO, of the production of 2 (two) complete cycles of sugarcane crop produced in the total effectively plantable area existing in the rural property object of the real state registrations 19.964 of the Real Estate Registry of the
District of Mineiros, State of Goiás (“ Properties of Morro Vermelho Project” or “ Fazenda Morro Vermelho”) 

  

	 	(ii)	Pursuant to the Agreement of Sugarcane Supply and its amendments, Brasilagro is responsible for providing the sugarcane harvesting of the harvests contemplated in the 2
(two) complete cycles of sugarcane crop up to Brenco’s production plant of ethanol located in the Municipality of Mineiros/GO, named “Unidade de Bioenergia Morro Vermelho” (the “Plant”); 

 

	 	(iii)	Due to the delay of Brenco in the sugarcane grinding at the Plant, part of the sugarcane (“18 month sugarcane “), object of the Agreement of Sugarcane Supply,
shall be harvested by Brenco, being this one responsible for the cut, transshipment, loading and transportation of the 18 month sugarcane, of 2010/2011 harvest, to the Plant. 

 The Parties have just and contracted this Third Amendment to the Agreement of Sugarcane Supply (“Third Amendment”), which shall be governed by the following terms and conditions: 

 

	1.	PURPOSE OF THE AMENDEMENT 

  

	1.1	By this Third Amendment, the Parties have certain and adjusted that the cut, transshipment, loading and transportation of the 18 (eighteen) month sugarcane
(“CCT”) for the harvest year 2010/2011, shall be carried out in an independent manner by Brenco, through the discount of the amount previously agreed by the Parties, in accordance with the calculation provided in Exhibit I, on the
amount to be paid by Brenco to Brasilagro, due to the sugarcane supply, pursuant to the Agreement of Sugarcane Supply. 

	1.2	The Parties agree that the established amount for the CCT related to the harvest year 2010/2011, in accordance with calculation provided in Exhibit I, shall be
discounted from the amount to be paid by Brenco to Brasilagro, due to the sugarcane supply, is fixed and not adjustable. 

  

	 	1.2.1	Brasilagro shall continue to issue Electronic Invoices to Brenco, related to the full amount of the sugarcane supply. The agreed discount due to the CCT shall be
performed through accounting adjustment between the Parties, not changing the invoiced amount due to the sugarcane supply. 

  

	1.3	Due to the provisions of Section 1.1 above, it is certain and adjusted the insertion of Section 4.11 in the Agreement of Sugarcane Supply that becomes its
integral part. 

  

	 	“4.11.	Exceptionally, in the harvest year 2010/2011 exclusively, the cut, transshipment, loading and transportation of the 18 (eighteen) month sugarcane, shall be conducted
by Brenco, being discounted the amount budgeted by Brasilagro to perform this activity from the amount to be paid by Brenco to Brasilagro, due to this Agreement”. 

 

	2.	RATIFICATIONS OF THE OTHER PROVISIONS IN THE AGREEMENT 

  

	2.1	All other provisions included in the Agreement which have not been expressly altered by this Third Amendment remain ratified. 

 

	3.	GENERAL PROVISIONS 

  

	3.1	Each of the Parties may propose changes in the contractual provisions of this Third Amendment, and should they agree with the new provisions, the Parties shall execute
new amendment to the Agreement in written instrument, signed by both Parties, which shall integrate the Agreement for all legal effects. 

  

	3.2	In case of rights and obligations arising from the Agreement and/or this Third Amendment which, for their nature, maintain their effectiveness and validity in force for
a period after the termination or rescission of the Agreement, these shall survive to the termination or rescission of the Agreement, for the valid period prescribed to them. 

 

	3.3	Should any term and/or condition of this Third Amendment be stated null, invalid or unenforceable by any court, such fact shall not affect the validity, legality and
enforceability of any remaining contractual provision, which shall remain in force and produce effects as if the invalidated party had never been herein included, from its execution. 

 

	3.4	The tolerance or compromise, by any of the Parties, to the failure to comply with any term of this Third Amendment, shall not be considered as waiver by that Party in
requiring the compliance with any other provision therein or in the Agreement, and shall not be considered as novation or tolerance for the noncompliance with any past, present or future obligation, related to the term whose noncompliance has been
tolerated. 

  
 2 

	3.5	Any notice or communication from one Party to the other in relation to the execution of this Third Amendment shall be in writing, and shall be considered valid if
delivered in hands with acknowledge of receipt or if remitted by fax with confirmation of receipt or registered letter with Acknowledgment of Receipt (AR), in the following addresses: 

 

			
	 If addressed to BRASILAGRO:

	 Name:
	  	Gustavo Javier Lopez
	 Title:
	  	Administrative Director
	 C/c:
	  	Legal Department
	 Address:
	  	Av. Brigadeiro Faria Lima, n° 1.309 – 5° andar
		  	Zip Code 01452-002 – São Paulo- SP
	 Fax:
	  	(11) 3035-5366
	 e-mail:
	  	gustavo.lopez@brasil-agro.com
	
	 If addressed to BRENCO:

	 Name:
	  	Fabiano Zillo
	 Title:
	  	Agro Industrial Superintendent
	 Address:
	  	RODOVIA GO 341, KM 67 TO THE RIGHT 13 KM, N/N
		  	Zip Code 75.830-000 – Mineiros - GO
	 Fax:
	  	(64) 3672 5300
	 e-mail:
	  	fabianozillo@eth.com

  

	3.6	This Third Amendment constitutes obligations hereunder bind the Parties on their behalf and on behalf of their successors of any title. 

 

	3.7	The terms started in capital letters not defined in this Third Amendment have the meaning attributed to them in the Agreement. 

 

	3.8	This Third Amendment constitutes the full agreement between the Parties on its purpose and revokes any other prior understandings about it. 

 

	4.	FORUM 

  

	4.1	This Third Amendment shall be governed and interpreted in accordance with the laws of the Federative Republic of Brazil and the Parties elect the courts of the city of
São Paulo, State of São Paulo, to resolve any doubts or controversies resulting from this Amendment, with the exclusion of all others, however privileged they maybe. 

  
 3 

 In witness whereof, the Parties sign this instrument in 03 (three) counterparts of same content and form, in
the presence of two undersigned witnesses in order to produce all legal effects 
 São Paulo, October 11, 2010.

 BRASILAGRO – COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS 

 

			
	  
 Gustavo Javier Lopez

	  	  
 André Guillaumon

	Administrative Director	  	Operations Director

BRENCO – COMPANHIA BRASILEIRA DE ENERGIA RENOVÁVEL 

 

							
	By	 	  
	  	By	  	  

  

			
	Witnesses:	  	 
		
	 1.
	  	 2.

	 Name:
	  	Name:
	 CPF:
	  	CPF
	 RG:
	  	RG:

  

  
 4 

 THIRD AMENDMENT TO THE AGREEMENT OF SUGARCANE SUPPLY 

 
  

EXHIBIT I – TABLE OF PRICES 
  

 
  

																	
	 Price of the service by distance
	 
	 Distance

(km)
	 	  	 Freight

(R$/t)
	 	  	 CC

(R$/t)
	 	  	 CCT
 Total

(R$/t)
	 
	 Inf
	  	 Sup
	 	  	 	 	  	 	 	  	 	 
	   0
	  	 	5	  	  	 	2.58	  	  	 	13.90	  	  	 	16.48	  
	   5.1
	  	 	10	  	  	 	3.44	  	  	 	13.90	  	  	 	17.34	  
	 10.1
	  	 	15	  	  	 	4.01	  	  	 	13.90	  	  	 	17.91	  
	 15.1
	  	 	20	  	  	 	4.71	  	  	 	13.90	  	  	 	18.61	  
	 20.1
	  	 	25	  	  	 	5.25	  	  	 	13.90	  	  	 	19.15	  
	 25.1
	  	 	30	  	  	 	5.99	  	  	 	13.90	  	  	 	19.89	  
	 30.1
	  	 	35	  	  	 	6.74	  	  	 	13.90	  	  	 	20.64	  
	 35.1
	  	 	40	  	  	 	7.39	  	  	 	13.90	  	  	 	21.29	  
	 40.1
	  	 	45	  	  	 	8.21	  	  	 	13.90	  	  	 	22.11	  
	 45.1
	  	 	50	  	  	 	8.82	  	  	 	13.90	  	  	 	22.72	  
	 50.1
	  	 	55	  	  	 	10.21	  	  	 	13.90	  	  	 	24.11	  
	 55.1
	  	 	60	  	  	 	10.92	  	  	 	13.90	  	  	 	24.82	  
	 60.1
	  	 	65	  	  	 	11.85	  	  	 	13.90	  	  	 	25.75	  
	 65.1
	  	 	70	  	  	 	12.59	  	  	 	13.90	  	  	 	26.49	  
	 70.1
	  	 	75	  	  	 	13.38	  	  	 	13.90	  	  	 	27.28	  

  
 5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}]]