Document:

Opinion of Arnold & Porter LLP

 

 
  
 Exhibit 4(6) 
  
 December 23, 2004 
  
 Minister of Finance 
 Ministry of Finance 
 Federative Republic of Brazil 
 Esplanada dos Ministérios 
 Bloco P 
 70048-900, Brasília-DF 
 BRAZIL 
  
 Ladies and Gentlemen: 
  
 We have acted as special United States counsel for the Federative Republic of Brazil (“Brazil”) in connection with the preparation of the
registration statement under Schedule B (the “Registration Statement”) filed on the date hereof with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Act”),
pursuant to which Brazil is registering $10,000,000,000 aggregate principal amount of its debt securities and warrants (the “Offered Securities”) to be offered and sold from time to time as set forth in the Registration Statement and the
prospectus (the “Prospectus”) contained therein. We are familiar with (a) the Fiscal Agency Agreement dated as of November 1, 1996 between Brazil and JPMorgan Chase Bank, N.A., as fiscal agent, including the forms of Note attached thereto,
each as amended by Amendment No. 1 dated as of April 28, 2003, Amendment No. 2 dated as of March 30, 2004 and Amendment No. 3 dated as of June 28, 2004 (the “Fiscal Agency Agreement”) previously filed as part of Brazil’s Registration
Statement on Schedule B (Registration No. 333-6682) and made a part of the Registration Statement, and (b) the form of the Underwriting Agreement (together with the Fiscal Agency Agreement, the “Agreements”) previously filed as part of
Brazil’s Registration Statement on Schedule B (Registration No. 333-6682) and made a part of the Registration Statement. 
  
 In rendering the opinion expressed below, we have examined such certificates of public officials, government documents and records and other certificates
and instruments furnished to us, and have made such other investigations, as we have deemed necessary in connection with the opinion set forth herein. Furthermore, we have assumed the genuineness of all signatures, the authenticity of all documents
submitted to us as originals, the authority of Brazil to enter into the Agreements and cause the issuance of the Offered Securities, and the conformity to authentic originals of all documents submitted to us as copies. As to any document originally
prepared in any language other than English and submitted to us in translation, we have assumed the accuracy of the English translation. 

 Minister of Finance 
 December 23, 2004 
 Page 2 
  

 This opinion is limited to the federal laws of the United States and the laws of the State of New
York, and we do not express any opinion herein concerning the laws of any other jurisdiction. Insofar as the opinion set forth herein relates to matters of the laws of Brazil, we have relied upon the opinion of the Acting Deputy Attorney General of
the National Treasury of the Ministry of Finance of the Federative Republic of Brazil, a copy of which is being filed as Exhibit 4(4) to the Registration Statement, and our opinion herein is subject to any and all exceptions and reservations set
forth therein. 
  
 Based upon and subject to the foregoing, we are
of the opinion that when the Offered Securities have been duly authorized, issued, and executed by Brazil and authenticated, delivered, and paid for as contemplated by the Agreements, the Prospectus and any amendment and supplement thereto, the
Offered Securities will constitute valid and legally binding direct and unconditional obligations of Brazil under the laws of the State of New York. 
  
 We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the reference to this firm under the heading
“Validity of the Securities” in the Registration Statement. In giving the foregoing consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations
of the Commission thereunder. 
  
 Very truly
yours, 
  
 /S/    ARNOLD & PORTER LLPConsent of Antonio Palocci Filho, the Minister of Finance

 Exhibit 4(8) 
  
 FEDERATIVE REPUBLIC OF BRAZIL 
 MINISTRY OF FINANCE 
  
 CONSENT 
  
 I, Antonio Palocci Filho, Minister of Finance
of the Federative Republic of Brazil, hereby consent to the reference to my name, in my official capacity as Minister of Finance, under the caption “Official Statements” in the Prospectus of the Federative Republic of Brazil included in
the Registration Statement filed by the Federative Republic of Brazil with the United States Securities and Exchange Commission. 
  

	
	
	/s/    ANTONIO PALOCCI
FILHO        
	Antonio Palocci Filho
	Minister of FinanceLetter Agreement, dated as of December 23, 2004

 Exhibit 10.21 
  
 Apollo Management V, L.P. 
 Two Manhattanville Road, 2nd Floor 
 Purchase, NY 10577 
  
 December 23, 2004 
  
 United Agri Products, Inc. 
 7251 W. 4th Street 
 Greeley, CO 80634 
 Attention: President 
  
 Re:    Fee for Services; Termination of Management Consulting Agreement 
  
 Dear Sir: 
  
 Reference is hereby made to each of (i) that certain Management Consulting Agreement (the “Management
Agreement”) dated as of November 21, 2003 between United Agri Products, Inc., a Delaware corporation (as successor to UAP Acquisition Corp., the “Company”), and Apollo Management V, L.P., a Delaware limited partnership
(“Apollo”), and (ii) that certain letter agreement dated November 29, 2004 previously delivered by Apollo to the Company (the “Prior Letter Agreement”). Capitalized terms used but not otherwise defined herein shall
have their respective meanings set forth in the Management Agreement. 
  
 The purpose of this letter agreement is to clarify certain factual inaccuracies contained in the Prior Letter Agreement. Accordingly, this letter agreement supersedes the Prior Letter Agreement and each of Apollo and the Company agree that
the Prior Letter Agreement shall be deemed to be amended and restated in its entirety in the form of this letter agreement. 
  
 As acknowledged by the Company in Section 3(b) of the Management Agreement, Apollo (i) structured the acquisition and the other transactions (including,
without limitation, the Merger) contemplated by the Purchase Agreement, (ii) arranged for financing in connection with the acquisition and the Merger, and (iii) provided other services in connection with the transactions contemplated by the Purchase
Agreement, including, without limitation, consulting and other advisory services in connection with an offering by the Company of $225.0 million principal amount of its 81⁄4% Senior Notes due 2011 (the “Senior Notes”) in reliance
on Rule 144A and Regulation S under the Securities Act of 1933, as amended, and the subsequent obligation of the Company to file an exchange offer registration statement relating to the Senior Notes. As consideration for such services, the Company
paid Apollo a fee of $5.0 million in January 2004 upon the filing of the registration statement on Form S-4 with the Securities and Exchange Commission with respect to the exchange offer for the Senior Notes. 
  
 The Company hereby acknowledges and agrees that, in addition to services
provided by Apollo pursuant to Section 3 of the Management Agreement, Apollo has provided certain financial and other services to the Company and its subsidiaries and affiliates, including UAP Holding Corp., a Delaware corporation and the sole
stockholder of the Company (“Holdings”), 

 that are not contemplated by Section 3 of the Management Agreement, including, without limitation, certain consulting and
advisory services in connection with the initial public offering (the “IPO”) of shares of Holdings’ common stock, par value $0.001 per share (the “Common Stock”) consummated on November 29, 2004. 
  
 The Company further acknowledges and agrees that the services provided by
Apollo in connection with the IPO are of the type contemplated by Section 6 of the Management Agreement, and each party hereby waives, pursuant to Section 13 of the Management Agreement, any failure to comply with the provisions of such Section 6 in
connection with the IPO. 
  
 Each party hereby further agrees that
Apollo shall receive, as compensation for services provided in connection with the IPO, a fee (the “Transaction Fee”) in the aggregate amount of $3.5 million. Such Transaction Fee shall be paid upon the consummation of the sale of
shares of Common Stock to the underwriters by wire transfer of immediately available funds to an account designated by Apollo or one of its affiliates. Pursuant to a Contribution Agreement to be entered into between the Company and Holdings upon the
consummation of the IPO, Holdings will contribute a portion of the proceeds from the IPO to the Company, and the Company will use such proceeds received from Holdings to, among other things, pay the Transaction Fee to Apollo. 
  
 In addition, the Company hereby acknowledges and agrees that Apollo provided
certain financial and other services to the Company and its subsidiaries and affiliates, including Holdings, in connection with, among other things, the offering (the “High Yield Offering”) by Holdings on January 26, 2004 of
103⁄4% senior discount notes due 2012, the proceeds of which were used to (i) redeem a portion of Holdings’ Series A redeemable preferred stock, par value $.001 per share, and (ii) pay an extraordinary dividend to holders of shares of
Holdings’ Common Stock, for which Apollo did not receive separate compensation under Section 6 of the Management Agreement. Each party hereby waives, pursuant to Section 13 of the Management Agreement, any failure to comply with the provisions
of such Section 6 in connection with the High Yield Offering. 
  
 Finally, each party hereby agrees that the Management Agreement shall be deemed terminated upon the later to occur of (i) the consummation of the IPO and (ii) Apollo’s receipt of the Transaction Fee and all other amounts payable to
Apollo under the Management Agreement with respect to periods prior to the consummation of the IPO; provided that the Company’s obligations under Section 5 of the Management Agreement shall survive such termination. 
  
 Except as set forth herein, this letter agreement shall not be construed as a
waiver or amendment of any provision of the Management Agreement. This letter agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York (without giving effect to principles of conflicts of laws).
This letter agreement may be executed in counterparts, and each such counterpart shall be deemed to be an original instrument, but all such counterparts together shall constitute but one agreement. 
  
 * * * * * 
  

 2 

			
	Very truly yours,
	
	APOLLO MANAGEMENT V, L.P.
		
	 By:
	 	 AIF V Management, Inc., its General Partner

		
	 By:
	 	 /s/ Stan Parker

	 	 	

	 	 	 Stan Parker
 Vice President

  
 ACKNOWLEDGED and AGREED

 as of the date first above written 
  
 UNITED AGRI PRODUCTS, INC. 
  

			
		
	 By:
	 	/s/ Todd Suko
	 	 	

	 	 	Todd Suko
	 	 	Vice President and Secretary

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}]]