Document:

Unassociated Document

    PRIVATE
      INSTRUMENT OF PURCHASE AND SALE AND OTHER AGREEMENTS 

    

    For
      the
      present private instrument, the parts, on a side 

    

    
      	 	
              
                ·

              

            	
              FRANCISCO
                LIGEIRO,
                Brazilian, married, farmer, ID nr. 1.067.402 SSP/SP and registered
                in
                CPF/MF under the nr. 013.713.638-20, and his wife
                

            

    

    

    
      	 	
              
                ·

              

            	
              ALICE
                MARIA FURLANETO LIGEIRO,
                Brazilian, of the home, ID nr. 6.634.856 SSP/SP and enrolled in CPF/MF
                under the nr. 158.326.758-19, both residents and domiciled in the
                Farm
                Santa Elisa, County of Canitar, District of Ourinhos, State of Sao
                Paulo
                (together "FRANCISCO
                LIGEIRO"
                or "SALESPERSONS");

            

    

    

    and,
      from
      other side,

    

    
      	 	
              
                ·

              

            	
              COMANCHE
                PARTICIPAÇÕES DO BRASIL LTDA,
                society limited entrepreneur, with headquarters in the capital of
                the
                State of Sao Paulo, in the Alameda Campinas, 463, 7th floor, registered
                in
                C.N.P.J. under the Nr. 07.751.535/0001-43, in this instrument represented
                by his Director, Mr. Ivo Tolesano Júnior, Brazilian, married, companies
                administrator, ID no. 5.255.932 SSP/SP, registered in CPF/MF under
                the nr.
                579.584.918-91, resident and domiciled in the capital of the State
                of Sao
                Paulo, in the Funchal street, nr. 375, 8th floor, room 81, from now
                on
                simply designated "COMANCHE" or
                "BUYER";

            

    

    

    (SALESPERSONS
      AND BUYER designated together as Parts and individually as Part)

    

    PRELIMINARY
      CONSIDERATIONS

    

    CONSIDERING
      THAT:

    

    
      	 	
              I.

            	
              FRANCISCO
                LIGEIRO is the proprietor of certain immobile rural, agricultural
                properties, sugarcane, vehicles and other agricultural properties
                (the
                "Own
                Properties"),
                as described in the Annex
                A,
                and he is the tenant or partner of immobile agricultural (the
                "Agricultural
                Leasing"),
                as described in the Annex
                B
                to
                the present, except for the areas of MARIA DO CARMO MELLO LEITE and
                MARIA
                APARECIDA SILVA MELLO, the first because the landlord already notified
                the
                tenant of his rescission by lapse of time and the second because
                already
                canceled, clarifying that the BUYER was not interested by the renewal
                of
                the first leasing contract or by the purchase of the area of the
                canceled
                contract, being the Own Properties and the Agricultural Leasing
                denominated together as the "Agricultural
                Properties".

            

    

     

    
      	 	
              II.

            	
              It
                was signed 1 (one) agreement between the Parts with the following
                characteristics: the Contract of Purchase and Sale of Sugarcane in
                Sapling
                and Others and Agreements (“Cane
                Contract”),
                signed between the BUYER and FRANCISCO LIGEIRO, with the value of
                R$
                482.800,00 (four hundred and eighty two thousand and eight hundred
                real)
                that was paid, as its terms and conditions, at 29.06.2006, in two
                parcels,
                with the first in the value of R$ 432.800,00 (four hundred and thirty
                two
                thousand and eight hundred real), that was paid by the BUYER directly
                to
                the Banco do Brasil S.A., through a deposit in the joined account
                nr.
                31027001-4, in the branch nr. 4957-3, and the second, with the value
                of R$
                50.000,00 (fifty thousand real), paid by the BUYER directly to FRANCISCO
                LIGEIRO, in his bank account nr. 32-9, branch nr. 3498-3, Banco Bradesco
                S/A;

            

    

     

    
      
        
        

      

      
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              III.

            	
              Observed
                the conditions defined in the present instrument, the BUYER wish
                to
                acquire the Agricultural Properties from FRANCISCO LIGEIRO and him
                wish to
                sell the Agricultural Properties to the
                BUYER.

            

    

    

    The
      PARTS
      DECIDE celebrate the present Particular Instrument of Purchase and Sale and
      Others Agreements ( “Contract”)
      that
      will regulate the acquisition by the BUYER of the Agricultural Properties from
      FRANCISCO LIGEIRO.

    

    SECTION
      ONE

    INTEGRAL
      AGREEMENT

    

    1.1. The
      Parts
      agree by this Contract that the terms and conditions here foreseen substitute
      all and any previous agreement by the Parts or for parts related to
      these.

    

    SECTION
      TWO

    CLOSING

    

    2.1. In
      the
      date in that all the Conditions of Closing be accomplished, as defined in the
      Section Four below, (the “Closing Date"), as the terms and conditions of the
      present Contract, the BUYER will acquire from FRANCISCO LIGEIRO the Agricultural
      Properties by the payment of the Price Agricultural Properties as stipulated
      in
      the Clause 3.2 below. 

    

    2.2.3. In
      the
      Closing Date, SALESPERSONS and BUYER should accomplish the transfer of the
      Agricultural Properties by the practice of all of the necessary acts for the
      effective operation here contemplate, as, for instance, the celebration of
      public deed of purchase and sale of the properties or it grants of public letter
      of attorney in the following contractual terms.

     

    SECTION
      THREE

    PURCHASE
      PRICE AND PURCHASE PRICE PAYMENT

    

    3.1. In
      the
      Closing Date, and since the Closing Conditions foreseen in the Section Four
      below they have been satisfied integrally, to reasonable criteria of the BUYER,
      the BUYER, or that for this designated, will pay to the SALESPERSONS, as price
      for the Agricultural Properties, the defined values in the clause 3.2 below,
      in
      the way and in the conditions below.

     

    3.2
      The
      BUYER
      will pay to FRANCISCO LIGEIRO, by the Agricultural Properties acquisition R$
      15.214.000,00 (fifteen million, two hundred and fourteen thousand real), reduced
      from the Cane Contract value, of R$ 482.800,00 (four hundred and eighty two
      thousand and eight hundred real), resting the liquid value of R$ 14.731.200,00
      (fourteen million, seven hundred and thirty one thousand and two hundred real)
      (“Agricultural Properties Price”), as eventually adjusted in the terms of the
      clauses 3.4 and 3.6, to be paid as follow and under the following
      conditions:

    

    
      	 	
              (i)

            	
              R$
                6.195.200,00 (six million, one hundred and ninety five thousand and
                two
                hundred real) in the Closing Date and versus the signature and delivery
                of
                Proper Documents (as defined below) formalizing the transfer of the
                Agricultural Properties, being R$3.895.200,00 (three million, eight
                hundred and ninety five thousand and two hundred real) or a higher
                value
                demanded by the Banco do Brasil, since acceptable by the BUYER, with
                any
                onus to the salespersons, paid by a direct payment to the Banco do
                Brasil,
                in order to liberate the hypothec obligation that, in the present
                date, it
                records certain immobile goods that compose the Agricultural Properties,
                and R$ 2.300.000,00 (two million and three hundred thousand real)
                paid
                directly to FRANCISCO LIGEIRO; and 

            

    

     

    
      
        
        

      

      
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              (ii)

            	
              the
                remaining balance of the Agricultural Properties Price, of R$ 8.536.000,00
                (eight million five hundred and thirty six thousand real), will be
                paid by
                the signature, in the Closing Date, of three (03) promissory notes
                pro
                soluto
                and without a real warranty, on which it will happen indexation and
                interests based in the variation of the Saving, being the interests
                paid
                monthly, with the following characteristics: (i) the first promissory
                note
                in the value of R$ 3.305.333,00 (three million three hundred five
                thousand, three hundred and thirty three real), being due in 06 months
                from the Closing Date or on 31/08/2006, which first to occur; and
                (ii) the
                second promissory note, in the value of R$ 2.615.833,00 (two million
                six
                hundred and fifteen thousand, eight hundred and thirty three real),
                being
                due in 12 months from the Closing Date or on 31/08/2006, which first
                to
                occur and (iii) the third promissory note with the remaining value
                of the
                Agricultural Properties Price, which is of R$ 2.614.834,00 (two million
                six hundred and fourteen thousand, eight hundred and thirty four
                real) due
                in 18 months from the Closing Date or on 31/08/2006, which first
                to occur.
                In warranty to the payment of the promissory notes here established
                the
                BUYER will offer mortgage on the properties in equivalent value to
                the
                amount of the promissory notes.

            

    

    

    3.2.1. For
      the
      purpose of this Contract, “Agricultural Properties Obligations” means all and
      any debt, obligation or dispute fiscal, labor and social security that can
      affect the property right and domain of the Agricultural Properties as well
      as
      his effective and valid alienation. Likewise, "Appropriate Documents" mean
      all
      and any documents and agreements, including public procurements with
      irrevocability and no retractability clause for the effective alienation of
      the
      Agricultural Properties in the contractual terms, for the (i) obtaining of
      (a)
      negative certificates, (b) quittance vouchers of all and any Agricultural
      Property Obligations; and (ii) effective obtainment of the registration of
      property transfer and domain of the Agricultural Properties, as well as rates
      and emoluments paid for such purpose, being stood out that the transmission
      tax
      and emoluments of the register of purchase and sale of properties and costs
      of
      bookkeeping of it will be of the BUYER responsibility, and the registration
      costs related to the mortgages will be responsibility of the respective
      SALESPERSONS.

     

    
      
        
        

      

      
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    3.3. The
      portion of the Agricultural Properties Price indicated in the clause 3.2 (ii)
      will be reduced in the hypotheses that follow: a) if the totality of the debts
      and obligations related to the Agricultural Properties with due date until
      the
      Closing Date, they have not been paid off integrally by Mr. FRANCISCO LIGEIRO,
      the reduction will be the equivalent value to the debts and relative obligations
      to the Agricultural Property with due date until the Closing Date that are
      still
      due; and b) if the immobile goods that composes the Agricultural Property,
      as
      described in the Annex A, to present any difference between the area
ad
      corpus
      and the
      area of the immobile good higher than 5%, the BUYER and FRANCISCO LIGEIRO should
      negotiate in good faith the respective reduction of the portion here referred,
      in order to compensate the BUYER for the loss of area.

    

    
      	
              3.4.

            	
              If
                in the Closing Date it is select any debt, contingency or passive
                that
                compromise the Agricultural Properties, the BUYER, under her exclusive
                criteria, can accept to assume such debt, contingency, insufficiency
                active
                or passive supervenience, since the Acquisition Price, in the part
                regarding the payment portions referred in the clauses 3.2 (i) and
                (ii),
                as the case, be reduced for the equivalent
                amount.

            

    

    

    SECTION
      FOUR

    SUSPENSIVES
      AND/OR RESOLUTIVES CONDITIONS

    

    4.1. The
      Parts
      in this act agree that, as precedent condition to the operation consummation
      here contemplated and to the effective alienation of the Agricultural
      Properties, in the terms of this Contract, by the payment of the Acquisition
      Price, the conditions listed as follow (the “Closing Conditions”), they must
      have been satisfied fully, to be in total effect and they be satisfactory to
      the
      BUYER, to know:

    

    
      	 	
              a)

            	
              The
                declarations and warranties offered by the SALESPERSONS, as established
                in
                the Section Five below (the “Warranties Declarations”) they must have been
                corrects and completes and they must be keep valid in the Closing
                Date,
                having the BUYER received the documents and enough information bespeaking,
                for the satisfaction of the BUYER, that referred Declarations and
                Warranties are completes and
                authentic.

            

    

    

    
      	 	
              c)

            	
              The
                confirmation that the BUYER, as consequence of the acquisition of
                the
                Agricultural Properties, satisfy all the criteria and necessary requests
                to get all and any license or authorizations required by the legislation
                and regulations valid so that this can exercise the activity of
                cultivation of sugarcane.

            

    

     

    
      
        
        

      

      
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              d)

            	
              Cession
                for the BUYER of the rights and relative obligations to the Agricultural
                Leasing that compose the Agricultural Properties, through instrument
                private to be firmed between the Parts, without the need of approval
                of
                the lessor, continuing, in that hypothesis, on behalf of Mr. Francisco
                Ligeiro until its expiration, being right that such transfer and/or
                cession will not expect the payment by the BUYER of any additional
                value
                to any of the SALESPERSONS, and it will assure to the BUYER the use,
                handling, exploration and benefits and obligations of the referred
                Agricultural Leasing in the terms and conditions establish originally
                in each Agricultural Leasing.

            

    

    

    
      	 	
              e)

            	
              The
                practical of acts and the celebration of all additional documents
                that
                come to be necessary for the consummation of the operation here
                considered.

            

    

    

    
      	 	
              f)

            	
              The
                BUYER have been capitalize in, at least, R$ 30.000.000,00 (thirty
                million
                of real).

            

    

    

    
      	
            	g)	
              Already
                attended the totality of the Closing Conditions by the Salespersons
                the
                Closing Date Limit will be March 24th, 2007, conditioned, however,
                to the
                payment of the debit with the Banco do Brasil S.A., foreseen by the
                item
                3.2 (i), in agreement with the answer BUYER of her request to the
                bank
                establishment of the value that will be accepted for clearance sale
                of the
                referred debit and payment date, with the indication of the formal
                procedures to be elaborated, under penalty of, not making it to be
                canceled the present instrument.

            

    

    

    SECTION
      FIVE

    DECLARATIONS
      AND GUARANTEES

    

    
      	
              5.1

            	
              THE
                SALESPERSONS render each one, individual, solidary and unlimited,
                the
                following Declarations and Warranties, which should be true and correct
                in
                the date of the Closing Date:

            

    

    

    
      	 	
              a)

            	
              Of
                the Non Violation.
                The consummation of the operation here contemplated won't constitute
                or
                will result in the violation of any term, condition or disposition,
                nor it
                will constitute a terms breach of contract, nor it will result in
                the
                creation of any gravamen, obligation or onus on the Agricultural
                Properties, in agreement with any contract or other instrument that
                any of
                the SALESPERSONS are contracting part or interested part. That
                consummation either will violate any law, regulation, sentence, ruling
                or
                order that forces the SALESPERSONS as well as it won't result in
                the loss
                of any license, certificate, local approval or local right that the
                SALESPERSONS or the Agricultural Properties have or come to have,
                nor they
                will commit the Agricultural Properties Capacity, according to definition
                of the clause 5.1 (e).

            

    

     

    
      
        
        

      

      
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              b)

            	
              Observance
                to the Laws.
                The operations and activities of the SALESPERSONS relatively to the
                Agricultural Properties don't violate any determinations or applicable
                laws of any governmental body, nor did the SALESPERSONS receive any
                warning or notification that such violations went or could come to
                be them
                imputed. They are not in course or, except for better judgment of
                the
                SALESPERSONS, are imminent any investigations or analyses by any
                Governmental Body, involving the SALESPERSONS or the Agricultural
                Properties, nor the SALESPERSONS received any warning or notification
                concerning the intention of government organs in proceeding in that
                sense.

            

    

    

    
      	 	
              c)

            	
              Constitution,
                Power and Authorization.
                The SALESPERSONS have full powers to celebrate this Contract, to
                accomplish their obligations now assumed and to consummate the operations
                granted in the present Contract, having been taken all the necessary
                measures the authorization and the consummation of the operation
                object of
                this Contract, not being necessary, therefore, that are taken any
                additional measures to occur the signature and the formalization
                of this
                Contract.

            

    

    

    
      	 	
              d)

            	
              Ownership
                of the Agricultural Properties.
                FRANCISCO LIGEIRO is titular, legitimate proprietor and possessor
                of the
                goods that compose the Agricultural Properties, as described in the
                Annex
                A and that the same are free and unimpeded of any gravamen, pledge,
                onus
                and warranty and rights of any nature, except for those relative
                ones to
                the Processes Nr. 228/99, 243/99, 13/00 and of the insurance contract
                nr.
                96/70017-3, going through the procedure in the District of Xavantes,
                SP,
                which will be extinguished by the payment to Banco do Brasil S.A.
                according with the clause 3.2 (i), FRANCISCO LIGEIRO did not celebrate
                any
                contract or agreement that has by objective the Agricultural Properties
                or
                the constitution of pledge or other similar rights related to the
                them.

            

    

    

    
      	
            	e)	
              Capacity
                of the Agricultural Properties.
                The Agricultural Properties are capable to operate according to
                description of the Annex 5.1 (e) (the "Capacity of the Agricultural
                Properties"), having been administered and operated in his normal
                course
                of businesses by FRANCISCO LIGEIRO, or third party properly authorized
                by
                FRANCISCO LIGEIRO, and all the production accomplished by the Agricultural
                Properties after the present date, as well as the stock when the
                Closing
                Date is not object of a sale contract or a similar contract, nor
                it is
                subject the any commitment, onus or other gravamen; the Buyer acknowledge
                that the foreseen agricultural production is that in normal conditions
                of
                cultural treatments and that were not accomplished substituted and
                that
                won't be reason for contractual
                rescission.

            

    

     

    
      
        
        

      

      
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            	f)	
              Obligations
                of the Salespersons.
                The SALESPERSONS, together or individually: (i) they don't possess
                any
                obligation or responsibility, since incurred, contingent or of any
                other
                nature, including obligations civil, commercial, fiscal, environmental,
                labor or related to social security that can affect the respective
                ownership rights over the Agricultural Properties and they didn't
                assume
                any obligation or responsibility involving the Agricultural Properties;
                (ii) they are not parts, nor they are subject to, any litigation,
                judicial
                or administrative proceeding, in any instance that can affect the
                Agricultural Properties, except for those relative to the Processes
                Nr.
                228/99, 243/99 and 13/00, and in the insurance contract nr. 96/70017-30,
                going through the procedure in the District of Xavantes, SP, which
                will be
                extinguished by the payment in agreement with the clause 3.2."i"
                to Banco
                do Brasil S.A.; and (iii) they are not guarantors, cosignator or
                from
                other form guarantor of any obligations nor are parts of any contract
                by
                force
                of which they assume an obligation to honor any obligations that
                of some
                form can compromise the Agricultural
                Properties.

            

    

    

    
      	
            	g)	
              Course
                Normal of Operation.
                The Agricultural Properties will be administered and operated between
                the
                present date and Closing Date in their respective normal courses
                of
                businesses, being right that the SALESPERSONS didn't acquire, starting
                from 30.04.2006, new debts, except contributions related to social
                security and agrarian, that will be supported by the Salespersons
                and paid
                with the reception of the initial portion of the payment and of the
                first
                promissory note.

            

    

    

    
      	 	
              h)

            	
              Contracting
                with related parts.
                The SALESPERSONS were not celebrated nor did they commit to celebrate
                any
                agreement, contract or arrangement involving the Agricultural Properties
                with any of their related parts.

            

    

    

    
      	 	
              i)

            	
              Permissions,
                Licenses and Authorizations.
                FRANCISCO LIGEIRO attend, in this date, the all of the criteria,
                legal and
                technical demands, and necessary requirements for the obtaining of
                all of
                the permissions, licenses and authorizations demanded by the legislation
                and regulation in effect, including the definitive licenses of operation,
                for the regular use of the Agricultural Proprieties, and in the Closing
                Date they should have in their respective names all the permissions,
                licenses and authorizations demanded by the legislation and regulation
                in
                effect, including the definitive license of operation, for the regular
                use
                of the Agricultural Properties, valid and in total effect. FRANCISCO
                LIGEIRO meets in strict observance to all the regulations, permits,
                entrances, normative instructions, laws, norms and pertinent demands
                of
                protection to the environment instituted by the organs and departments
                municipal, state and federal
                competent.

            

    

    

    
      	 	
              j)

            	
              Disclosure
                Integral.
                All the documents, contracts, instruments, certificates, warnings,
                consents, sworn declarations, letters, declarations, annexes (besides,
                among other, the Annexes that constitute integral part of the present
                instrument) and other documents given by the SALESPERSONS, or in
                her name,
                to the BUYER or to the person for her suitable with respect to the
                present
                Contract or to the operations in him contemplated are faithful, completes
                and authentic. No Document supplied by the SALESPERSONS, or in her
                name,
                to the BUYER or the person for her indicated by force of the present
                instrument or regarding to the operations in it contemplated contains
                untrue declarations, or omits relevant facts whose divulgation in
                this
                instrument is compulsory or necessary so that the declarations now
                made
                don't turn false or induce to mistake, in the context in that here
                they
                find.

            

    

    

    
      
        
        

      

      
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              k)

            	
              Comprisement
                and Sufficiency of the Documents.
                The transmission instruments and conference to be celebrated by the
                SALESPERSONS and delivered to the BUYER, in the Closing will be valid
                and
                feasible in agreement with their respective terms, being enough to
                give
                in, to transfer and to give to the BUYER, in the occasion of the
                Closing,
                the Agricultural Properties

            

    

    

    5.2. The
      BUYER
      renders the following declarations and warranties, which should be true and
      correct in the Closing Date.

    

    
      	 	
              a)

            	
              Constitution,
                Power and Authorization.
                The BUYER has full powers to celebrate this Contract, to accomplish
                their
                obligations now assumed and to consummate the operations contemplated
                in
                the present Contract, having been taken all the necessary measures
                of
                authorization and the consummation of the operation object of this
                Contract, not being necessary, therefore, to take any additional
                measures
                so that occur the signature and the formalization of this
                Contract.

            

    

     

    SECTION
      SIX

    RESPONSIBILITY
      SOLIDARY AND COMPENSATION RIGHT

    

    6.1. The
      SALESPERSONS will give a solidary answer before the BUYER for all and any values
      the one that was obligated, such as tributes, fiscal contributions or related
      to
      social security and fines, that by chance left of being paid by the SALESPERSONS
      in the dates demanded by law, that were not made provisions and relative to
      generating facts occurred previously to the Closing Date, as well as any
      obligation, contingent or no, of nature civil, commercial, labor, environmental,
      relative to social security or fiscal of the SALESPERSONS or that have been
      for
      these assumed by legal and relative succession force to occurred facts or
      actions practiced previously to the Closing Date. 

     

    6.2. The
      obligations contemplated in the Section Seven and the Declarations and
      Warranties will subsist at the end of this Contract, staying in effect until
      the
      end of the period of prescription and of decadency of each one of the respective
      obligations or in until 5 (five) years from Closing Date, what last
      occur. 

     

    
      
        
        

      

      
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    SECTION
      SEVEN

    ACTING
      INTERIOR MANAGEMENT

    

    7.1.
       Since
      the
      day of signature of this Contract, until the Closing Date or the end of this
      Contract, the Salespersons guarantee that the administration of the Agricultural
      Properties will be accomplished in a responsible way and maintaining the normal
      course of the respective activities, being marked that the costing will be
      of
      responsibility and onus of the Buyer, according to budget to be approved by
      the
      BUYER.

    

    7.2. Between
      the present date and the Closing Date or the end of this Contract, FRANCISCO
      LIGEIRO won't distribute nor he will commit to distribute, to give in or to
      burden, direct or indirectly, any of the Agricultural Properties, especially
      the
      sugarcane stock, any title to their related parts or third party, except the
      disposition of sugarcane (excluded the sugarcane that is already sold to the
      BUYER or the authorized third party by the BUYER) by the BUYER starting from
      01.08.2006, in values that don't
      exceed R$ 65.000,00 (sixty five thousand real) monthly, and since done in market
      conditions and in character commutative, for the payment of ordinary expenses
      of
      the Agricultural Properties until the Closing Date. 

    

    7.3 In
      this
      act FRANCISCO LIGEIRO grants the BUYER or to whom this come to indicate, of
      irrevocable form and irretractable, the right preferably in the acquisition
      of
      all and any sugarcane that he can dispose in the terms of this
      clause.

    

    SECTION
      EIGHT

    TIME
      AND RESCISSION

    

    8.1. This
      Contract goes into effect in this date, and it will stay in perfect effect
      and
      effective until March 24th, 2007, conditioned the period to the execution of
      the
      financial obligation with Banco do Brasil S.A., in the terms of the clause
      4.1
      (g).

    

    8.2. The
      SALESPERSONS PARTS commit to do their best efforts so that all the Closing
      Conditions are accomplished in the smallest period of time reasonably
      practicable.

     

    SECTION
      NINE

    EXCLUSIVITY,
      NOT-CONCURRENCE

    

    9.1. The
      SALESPERSONS PARTS, during the period of Validity, agree in negotiating in
      exclusiveness character with the BUYER the sale of the Agricultural Properties
      (in the whole or partly), and they commit to not celebrate any relative contract
      to the Agricultural Properties, and not to allow the constitution of any
      gravamen on the Agricultural Properties and on the businesses of the
      Salespersons, except those contemplated in this Contract.

     

    
      
        
        

      

      
        Page
          9 of
          13

        
          

        

      

      
        
        

      

    

    

    9.2 When
      of
      the Closing Date, and in consideration to the Price of Acquisition, FRANCISCO
      LIGEIRO and his wife commit, without the need of any additional documentation,
      to abstain, direct or indirectly, of competing with to OURO VERDE or with any
      of
      their related parts under any form for the period of five years to count from
      the Closing Date, in the markets explored by the OURO VERDE. They are excepted
      of the obligation of no competition now agreed the possibility of Francisco
      Ligeiro and his wife cultivate, direct or indirectly, in the remainder of their
      existent rural areas in the present date, with area of approximately 48 bushels
      ("Remaining Area"), being especially authorized to plant sugarcane, in the
      terms
      of the art. 1147 of the Civil Code salesperson Francisco Celso Ligeiro is
      authorized to the same cultivation and the installation of industrial equipment
      destinated to the production of distilled alcoholic, in the Remaining Area,
      since his production became restricted to the volume of production of sugarcane
      of the Remaining Area

     

    SECTION
      TEN

    CONFIDENTIALITY

    

    10.1. Each
      Part, including the Intervening, should maintain secrecy on all of the obtained
      information from the other Part in relation to the present Contract that are
      not
      of public knowledge, don't have been known independently or developed, that
      has
      not been obtained from third party or that are not of public knowledge because
      of a terms breach of contract of the Part that has received (jointly the
      "Confidential Information"). The Confidential Information (that can be oral,
      writing or magnetic, being designated or not as "confidential", and that
      includes contact information and information regarding structures, business
      methods or financial organization) will only be able to be used by the receiving
      Part in the effectively of the transactions contemplated in this Contract and
      for none other purpose. In the hypothesis of rescission of this Contract, all
      the documents (including the copies) obtained because of this Contract by a
      Part
      should be returned to the other pertinent Part, however, the confidentiality
      obligations and limitation to the use will remain in effect by the period of
      two
      years after the rescission date. Each Part commits to not to publish and to
      maintain in secrecy the terms and conditions of this Contract, being included,
      but if not limiting to the compensation to be paid below, except if the
      popularization of those information is demonstrated obligatory for the
      consummation of the purchase and sale contemplated in this Contract, disputed
      by
      any government authority, applicable law or regulate of the Stock exchange
      to
      which the Part is submitted, or if obtains the consent of all the other Parts
      listed. In the case of noncompliance of the obligations of this clause by one
      of
      the Parts, the overdue Part should compensate the other for loss and
      damages.

    

    SECTION
      ELEVEN

    FINAL
      DISPOSITIONS

    

    11.1. The
      Parts, in this act, expressly, agree with all the terms and conditions of the
      present Contract, nothing having to oppose to it, at any title and at any time,
      assuming an obligation, to accomplish all of the acts and necessary formalities
      to the full and perfect formalization of the Agricultural Properties now
      contracted, besides before all of the competent organs, signing contractual
      alterations and any other documents that are done necessary for so
      much.

     

    
      
        
        

      

      
        Page
          10
          of 13

        
          

        

      

      
        
        

      

    

    

    11.2. The
      present Contract is signed in an irrevocable way and irretractable, forcing
      the
      parts and their successors the any title. 

    

    11.3. The
      present Contract cannot be amended or altered without the approval of all the
      parts, in writing, and, except for the cases expressly foreseen in this
      Contract, none of the Parts can cede or transfer any of their rights and
      obligations originated from of this Contract, without the consent of the other
      Parts.

    

    11.4. The
      voidance, inefficacy or inexecutibility of any of the dispositions contained
      in
      this Contract, will not invalidate nor will turn inoperative or inexecutible
      any
      of the other dispositions of the present Contract, which will continue in
      perfect effect. The Parts should negotiate the necessary measures to solve
      such
      dispositions of eventual existent addictions.

    

    11.5. All
      and
      any communication or notification referred to the present instrument should
      be
      done by writing and remitted to the Parts by registered letter with return
      receipt, or by telefax to the address listed below:

    

    SALESPERSONS:

     

    The
      communications should be sending to all the address below:

    

    (a)          
      FRANCISCO
      LIGEIRO

    Fazenda
      Santo Antonio da Ponte Preta

    Rodovia
      Gabriel Ligeiro, km 4

    Caixa
      Postal 134 - CEP 18990-000 - Canitar/SP

    Fax
      (14)
      3343-1188

    

    

    BUYER:

     

    The
      communications should be sending to all address below:

     

    IVO
      TOLESANO JR. 

    Rua
      Funchal, 375, conjunto 81

    Vila
      Olímpia - 04551-060 São Paulo/SP

    Fax
      (11)
      3044-0342

     

    c.c.         
      MHMK
      -
      Sociedade de Advogados

    At.
      Byung
      Soo Hong

    Av.
      Brigadeiro Faria Lima, 1461, 12 andar

    Fax
      (11)
      3094-7820

     

    
      
        
        

      

      
        Page
          11
          of 13

        
          

        

      

      
        
        

      

    

     

    11.6. The
      present Contract is regulated by the laws of the Federative Republic of Brazil
      and any works or conflict originated from this Summary should be solved
      exclusively by the Forum of the District of the City of São Paulo,
      Brazil.

    

    In
      this
      case, for they be fair and contracted, the parts sign the present instrument
      in
      03 (three) copies, of equal form and content, in the presence of the two
      witnesses below.

    

    Sao
      Paulo, February 14th, 2007.

    

    SALESPERSONS:
      

    

    
      	
              /s/
                Francisco Ligeiro

            	 	
              /s/Alice
                Maria Furlaneto Ligeiro

            
	
              Francisco
                Ligeiro

            	 	
              Alice
                Maria Furlaneto Ligeiro

            
	 	 	 

    

    BUYER:

     

    /s/
      Ivo Tolesano Junior

    Comanche
      Participações do Brasil Ltda. 

    Ivo
      Tolesano Junior

    

    Witness:

     

    
      	
              1.

            	 	
              2.

            
	
              
                

              

              Name:

              ID: 

            	 	
              
                

              

              Name:  

              ID:

            

    

                                                                        

    
      
        
        

      

      
        Page
          12
          of 13

        
          

        

      

      
        
        

      

    

    List
      of the Contract Annexes:

     

    
      
        	
                Annex
                  A:

              	 	
                
                  “Proper
                    Properties”

                

              
	
                Annex
                  B:

              	 	
                
                  “Agricultural
                    Leasing”

                

              
	Annex 5.1
                (e): 	 	
                “Agricultural
                  Properties Capacity”

              

      

      
         

        
          
          

        

        
          Page
            13
            of 13Unassociated Document

    CONTRACT
      OF PURCHASE AND SALE AND OTHER SETTLEMENTS

    

    By
      this present private contract, the parts, on one side:

    

    
      	·  	
              UNIVEN
                PETROQUIMICA LTDA., with its headquarters located at Rua Mediterraneo,
                290, conjunto 01, Terreo, Jardim do Mar, Sao Bernardo do Campo, SP.,
                CEP
                09750-420, registered with CNPJ under number 67.276.923/0001-41,
                which has
                its articles filed at JUCESP under number 35.210.588.453, session
                of July
                19, 2002 and last amendments filed under number 216.262/06-9, on
                September
                6, 2006, represented in this contract by its main partner VIBRAPAR
                PARTICIPACOES LTDA., shareholding company with limited responsibility,
                located in the City of Sao Paulo, Alameda Vicente Pinzon, 173, 13th
                floor,
                Vila Olimpia, CEP 04547-130, registered at JUCESP under number
                35216695618, in session of Dec. 28, 2000, registered with CNPJ under
                number 04.211.528/0001-60, represented in this contract by its
                administrators, Alexandre Argoud Malavazzi, Brazilian, businessman,
                married under partial common property, born in Sao Paulo, Identification
                number 19.936.431-X-SSP/SP, CPF no. 132.367.878-64, address and residence
                at Rua Marcus Pereira, 37, apt. 81, Morumbi, Sao Paulo, SP, and Joao
                Deguirmendjlan, Brazilian, businessman, married under total common
                property, born in Sao Paulo, Identification no. RG 5.301.096 SSP/SP,
                CPF
                no. 529.470.258-49, address and residence at Rua Realengo, 133, apt.
                211,
                Pinheiros, Sao Paulo, SP, being that UNIVEN has 84% of the Capital
                Stock
                of ‘Destilaria Simoes’ (described
                below).

            

    

    

    
      	·  	
              Mr.
                Werner Jose Brancaglion Rottgering, Brazilian, married under partial
                common property, businessman, Identification number 19.164.818-8
                SSP/SP,
                CPF/MF no. 148.076.058-79, address and residence at Rua Leonardo
                Mota, no.
                66, apt. 51, Butanta, Sao Paulo, SP, from here on named ‘WERNER’;
                holder of 4% of stock shares of the “Destilaria de Alcool Simoes
                Ltda.”

            

    

    

    
      	·  	
              Mrs.
                Eunice Granato Quecine, Brazilian, widow, tradeswoman, Identification
                number 5.432.844 SSP/SP, CPF/MF no. 139.451.688-64, address and residence
                at Rua Voluntarios de Piracicaba, no. 737, apt. 71, Centro, Piracicaba,
                SP, from here on named ‘EUNICE’;
                holder of 4% of stock shares of the “Destilaria de Alcool Simoes
                Ltda.”

            

    

    

    
      	·  	
              Mrs.
                Luciana Simões de Almeida Kfouri, Brazilian, married under partial common
                property, dental surgeon, Identification number RG n° 17.081.635 SSP/SP,
                CPF/MF n° 099.325.948-06, address and residence at Rua Manoel de Azevedo,
                n° 95, Recanto dos Pinheiros, Matão-SP, from here on named “LUCIANA”;
                holder of 0,8% of stock shares of the “Destilaria de Álcool Simões
                Ltda.”

            

    

    

    
      	·  	
              Mr.
                Jairo Simões de Almeida, Brazilian, married under partial common property,
                businessman, Identification no. RG 10.704.980 SSP/SP, CPF/MF no.
                026.981.488-45, address and residence at Rua Professor Joaquim Teixeira,
                no. 355, Cecap, Tatuí-SP, from here on named “JAIRO”;
                holder of 3,6% of stock shares of the “Destilaria
                Simões.”

            

    

    

    
      	·  	
              Mr.
                Fábio Simões de Almeida, Brazilian, judicially separated, businessman,
                Identification no. RG 11.737.287 SSP/SP, CPF/MF no. 026.981.498-17,
                address and residence at Rua Juvenal de Campos, no. 908, Tatuí-SP,
                Butantã, São Paulo-SP, from here on named “FÁBIO”;
                holder of 3,6% of the stock share of the “Destilaria
                Simões.”

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (UNIVEN,
      WERNER, EUNICE, LUCIANA, JAIRO and FÁBIO from here on named together, as
      SHAREHOLDERS, and, separately, COMPANY SHAREHOLDER):

    

    ·
DESTILARIA
      DE ÁLCOOL SIMÕES LTDA.,
      limited partnership, with its headquarters at Bairro Congonhal, s/n, Tatuí-SP,
      CEP: 18270-000, with its articles of constitution filed at the ‘Junta Comercial
      do Estado de São Paulo’ under no. NIRE 35.208.107.761, registered in CNPJ under
      no. 59.243.733/0001-08, from here on named “SIMÕES”,
      this
      company, in this Contract, intermediates as consentor of the present transaction
      for all its SHAREHOLDER partners qualified above, in the case of option on
      the
      acquisition only of their assets, as agreed below; 

    

    ·
VIBRAPAR
      PARTICIPAÇÕES LTDA.,
      qualified above, which at this time comes as guarantor, as agreed below;

    

    ·
      Mrs. CECÍLIA
      SANSIGOLO SIMÕES DE ALMEIDA,
      Brazilian, widow, housewife, Identification no. RG 2.615.251 SSP/PI, Tatuí, São
      Paulo, CPF no. 110.344.728-95, address and residence at Rua Treze de Fevereiro,
      no. 577, Tatuí, São Paulo; (Together with LUCIANA, JAIRO AND FÁBIO are owners of
      two glebes of land which added have an area of 11 ‘alqueires’ (Brazilian land
      measurement, 24,200m2(paulista) = 1 alqueire), where the “Destilaria Simões” is
      located, from here on named OWNER
      OF THE LANDS).

    

    (OWNER
      OF
      THE LANDS, THE SHAREHOLDERS named together, SELLERS and separately SELLER)
      

    

    and,
      on
      the other side, 

    

    
      	·  	
              COMANCHE
                DO BRASIL PARTICIPAÇÕES LTDA.,
                limited partnership company, with its headquarters in the Capital
                of the
                State of São Paulo, at Alameda Campinas, 463, 7th floor, registered in
                CNPJ under no. 07.751.535/0001-43, in this contract represented by
                its
                Director, Mr. Ivo Tolesano Júnior, Brazilian, married, business
                administrator, Identification no. RG 5.233.932 SSP/SP, CPF/MF no.
                579.584.918-91, address and residence in the Capital of São Paulo, with
                office at Rua Funchal, 375, 8th floor, from here on named
                PURCHASER;

            

    

    

    (SELLERS
      AND PURCHASER named together, as Parts and, individualy as Part).

    

    PRELIMINARY
      CONSIDERATIONS 

    

    CONSIDERING
      THAT:

    

    I.
      OWNER
      OF THE LANDS, is owner of the rural property, (described in the plan), where
      the
      industrial park of SIMÕES is installed, properly registered in a larger area,
      registration no. 23799 of the registration of Properties of Tatuí, where the
      industrial park of SIMÕES is located, according to description in Enclosure “A”
(“Industrial Area”); 

     

    II. SIMÕES
      is
      the lessee or partner of agricultural property, which is properly planted with
      sugar-cane (the "Agricultural Leases”), as described in Enclosure “B” of this
      document; 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    III. SIMÕES
      is
      owner of certain assets, equipment, sugar-cane and other goods related to the
      agricultural activity, of grinding, transportation, distillation and production
      of alcohol and its by-products, including, among others, those described and
      characterized in Enclosure “C” of this document, that, together with the
      Agricultural Leases, represent the totality of the assets of SIMOES up to the
      present date, and it can become owner of other assets related to the activity
      of
      production of alcohol between the present date and the Closing date (the
      "Assets" - also understood as the contracts of Agricultural Leases).

     

    IV. UNIVEN,
      WERNER, EUNICE, LUCIANA, JAIRO AND FÁBIO are title holders and legitimate
      proprietors of the totality of the representative shares of 100% (a hundred
      percent) of the capital stock of SIMÕES (the "SHARES"), in the constant
      proportion in its partnership deed mentioned above, these shares being free
      from
      any encumbrance, obligations, duties, responsibilities or debts with third
      parties; 

     

    V.
      SIMÕES
      is obligated to pay debts and obligations described in Enclosure “D” of this
      contract, in which the totality of the debts and obligations of Simões raised up
      to present date and those due until January 31, 2007 (the "Debts and Existent
      Obligations”). 

     

    VI.
      Observed the conditions established in this contract, the PURCHASER promises
      to
      acquire concomitantly, (i) from the SHAREHOLDERS the Shares or the Assets,
      and
      the SHAREHOLDERS promise to alienate to the same; and (ii) the Area of Industry
      of the Owner of the Lands, and the Owner promises to sell the Area of Industry
      to the PURCHASER; 

     

    THE
      PARTS
      DECIDE to make this Private Instrument of Purchase and Sale and Other
      Settlements (“Contract”) which will regulate the acquisition for the PURCHASER
      (i) of the Area of Industry together with the Owner of Lands; (ii) of the Shares
      or of the Assets together with the SHAREHOLDERS. 

     

    SECTION
      ONE 

    TOTAL
      AGREEMENT 

     

    1.1.
      Through this Contract, the Parts agree that the obligations established in
      any
      documents or previous understandings, be it in writing, or verbally, that the
      Parts or any part related have negotiated in relation to the Areas of Industry,
      to the Assets and the Shares were properly executed on this date, and the terms
      and conditions foreseen substitute all and any previous agreement by the Parts
      or by the parts here listed. 

     

    SECTION
      TWO 

    CLOSING 

     

    2.1.
      On
      the date that all the Closing Conditions are executed, as defined below in
      Section Four, (the "Closing Date”), in agreement with the terms and conditions
      of the present Contract, simultaneously: 

     

    (i)
      the
      PURCHASER will acquire from the OWNER OF THE LANDS the Area of Industry;

     

    (ii)
      the
      PURCHASER will acquire from SIMÕES the rights and obligations related to the
      Agricultural Leases; 

     

    (iii)
      the
      PURCHASER will acquire from the SHAREHOLDERS: 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (A) In
      the
      case that the condition from Clause 2.2. (i) below has been satisfied, the
      Shares; 

     

    or
      

     

    (B)
      In
      the case that the condition foreseen in Clause 2.2 (i) has not been satisfied,
      but the conditions foreseen in the Clauses 2.2. (ii) and 2.3. have been
      executed, the Assets. 

     

    2.2.
      For
      the purpose of determination of the modalities of acquisition of the PURCHASER
      foreseen above in Clause 2.1, the Parties agree to the following conditions
      to
      be satisfied: 

     

    (I)
      For
      the PURCHASER to realize the acquisition of the Shares, it is indispensable
      the
      accomplishment of an accounting audit in SIMÕES in agreement with the accounting
      principals generally accepted in Brazil, satisfactory to the PURCHASER and
      its
      expenses. In case the Parts and the Audit company contracted by the PURCHASER
      agree that a conclusion of the referred audit is viable, the Parts will decide
      to proceed in the transaction in this modality. 

     

    For
      the
      due ends of the accounting audit the SHAREHOLDERS promise to cooperate and
      to
      undertake the best efforts, making all the information and necessary documents
      available for the referred accounting audit in the smallest possible period
      of
      time, or still, at the discretion of the SELLERS, the presentation of financial
      statements audited by company of independent audit registered with (CVM)
      Commission of Real Estate Values, indicated by the SELLERS, and paid and
      accepted by the PURCHASER, obeying the international norms of accounting audit,
      financial statements which should be revised by another audit company to be
      indicated and contracted at the PURCHASER’S discretion, including in relation to
      the methodology of the audit undertaken by the auditors indicated by the SELLERS
      (hereon named "Accounting
      Revision”).
      

     

    (ii)
      In
      the case that the Parts agree, after the end of the Audits, SHAREHOLDERS should
      proceed to all the necessary acts to make effective and valid a reduction of
      the
      capital stock of SIMÕES, by means of the payment and distribution 'in natura' to
      SHAREHOLDERS of the totality of the Assets. 

     

    2.3.
      On
      the Closing Date, SELLERS and PURCHASERS should accomplish the transference
      of
      the Area of Industry, of the Agricultural Leases and of the Assets or of the
      Shares, according to the case, by means of the practice of all the necessary
      acts for the effectivation of the operation here contemplated, as, for example,
      the officiating of the public deed of purchase and property sale and the
      instrument of alteration of the Contract of SIMÕES (“Closing
      Documents”),
      being
      observed the determination in item 3.2 (i) below, being certain that the
      transfer of the totality of the Area of Industry and of the Agricultural Leases
      will be conditioned to the transfer of the Assets or of the Shares, and
      vice-versa, these transfers should happen simultaneously on the Closing Date.
      

     

    2.4.
      Starting from the formalization of the instruments above mentioned in item
      2.3,
      the rights, obligations and respective credits foreseen in the present Contract
      are individualized and personalized according to each document made between
      the
      parts, continuing in effect the obligations of the present Contract in total
      effect, as for its parts in the terms of this Contract, in specific form to
      each
      object of its respective instruments. 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SECTION
      THREE

    PRICE
      OF PURCHASE AND PAYMENT OF THE PRICE OF PURCHASE 

     

    3.1.
      On
      the Closing Date, and as long as the conditions of Closing foreseen below in
      Section Four have been totally satisfied, at the reasonable discretion of the
      PURCHASER, the PURCHASER, or who was designated by the PURCHASER, will pay
      to
      the SELLERS, in the quality of price for the Area of Industry, for the
      Agricultural Leases and for the Shares or Assets, the value defined below in
      the
      clauses (together with, the "Price
      of Acquisition"),
      in
      the way and in the conditions established in the following clauses.

     

    3.2.
      The
      PURCHASER will pay the SELLERS the total value of R$63.000.000,00 (sixty-three
      million Reais), deduced from the Debts and Existent Obligations, updated until
      the closing, being that any other debts, contingencies, liabilities, obligations
      or fiscal disputes, working and welfare disputes, that can add expenses or
      affect the ownership right and domain of the area of Industry, of the
      Agricultural Leases, of the Shares or of the Assets, and of SIMÕES, as well as
      its effective and valid alienation - together, "Debts
      of the Destilaria Simões"
      (except
      the debts in Enclosure D, starting from February, 2007, that starting from
      then
      will be assumed by the PURCHASER, in the eventuality of the materialization
      of
      the business. Any of the values in Enclosure D and paid by the SELLERS before
      the Closing Date, with expiration date after February 2007, will be reimbursed
      on the Closing Date, being that the balance after eventual discounts will be
      paid to the SELLERS in one payment) after being signed and after delivery of
      Final Documents which will formalize the transactions. 

     

    3.2.1.
      The Debts of the Destilaria Simões whose payments are not the responsibility of
      the same (SIMÕES) and that should be paid on occasion of the Closing, will be
      paid directly by the PURCHASER to the respective creditor, by bill and order
      of
      the SELLER responsible for the payment, being that the value paid be deduced
      automatically from the Price of Acquisition as foreseen above. 

     

    3.2.2.
      The PURCHASER will be aware that, in the eventual closing of the business,
      he
      should take out from the payment, only the part belonging to UNIVEN, the amount
      of R$15.000.000,00 (Fifteen million Reais) that will be directly paid to BRASKEN
      S/A, according to contract of warranty given to the same by such SELLER, after
      referred payment, not to remain any debt obligation, dispute or warranty on
      any
      of the Assets, of the Shares or of the Area of Industry, according to the case.
      

     

    3.3.
      The
      PURCHASER will also be aware that, in the eventual closing of the business,
      he
      will also owe, besides what is mentioned in item 3.2.2., to take from the
      payment, only the part belonging to UNIVEN, the amount of R$ 16.990.848,00
      (Sixteen Million, Nine hundred and Ninety Thousand, Eight hundred and Forty
      Eight reais) that will be directly paid to Petrovia, according to NP 01/01
      of
      the purchase and sale contract of the stock shares of 10/10/2006, of which
      the
      expiration date will be March 10, 2007, after which payment, there will not
      remain any obligation, debt, dispute or warranty on any of the Assets, of the
      Shares or of the Area of Industry, according to the case. 

    

    3.4.
      In
      case the property that composes the Area of Industry, as described in Enclosure
      A, or the Agricultural Leases, as described in Enclosure B, present any
      difference between the area ‘ad corpus’ and the area of the property superior to
      5%, the PURCHASER and the SELLERS should negotiate in good faith the respective
      reduction or proportional increase of the Price of Acquisition, in order to
      compensate the PURCHASER for the loss of the Area of Industry or of the
      sugar-cane plantation in the Agricultural Leases. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3.5.
      Each
      portion of the acquisition Price will be paid to SHAREHOLDERS and to the OWNER
      OF THE LANDS in agreement with the percentage defined in Enclosure 3.5., after
      the respective deductions foreseen in this third clause. 

     

    3.7.
      The
      Parts agree that all the relative costs for the formalization of the Closing
      Documents, especially the rates and emoluments paid to realize the registration
      of property and domain transfer of the Area of Industry, among which stand
      out
      the transmission tax of properties - ‘inter vivos’ and emoluments of the
      purchase and sale of property deed, will be supported by the PURCHASER.

     

    3.8.
      The
      SELLERS and the PURCHASER respectively recognize and accept, observing what
      is
      allowed in law, that they will adopt and use the values effectively allocated
      to
      each asset or class of assets, in all the declarations or statements of federal
      and state taxes or of other applicable instances, abstaining from adopting
      any
      position voluntarily inconsistent in that sense, when proceeding for the
      preparation of such declarations or tax statements, in restitution forms or,
      still, in any action or process that may come to be instituted with relationship
      to the mentioned declarations or tax statements. Nevertheless any disposition
      contrary to those contained in the present contract, the commitment foreseen
      above will subsist to the Closing Date, in a restricted way the legal
      responsibility and for the period of the legal prescription of the respective
      obligations. 

    

    SECTION
      FOUR 

    SUSPENSIVE
      AND/OR RESOLUTIVE CONDITIONS

     

    4.1.
      The
      Parts in this act agree that, as a precedent condition to the consummation
      of
      the operation here contemplated and to the effective alienation of the Area
      of
      Industry and of the Shares or Assets, according to the case, the terms of this
      Contract, by means of the payment of the Price of Acquisition, the following
      conditions (the "Closing
      Conditions"),
      should be completely satisfactory, should be in force and should be satisfactory
      to the PURCHASER, as follows: 

     

    a)
      Declarations
      and Warranties:
      The
      declarations and warranties rendered by the SELLERS, as established below in
      Section Five (the "Declarations
      and Warranties")
      should
      be correct and complete and should continue to be valid on the Closing Date,
      the
      PURCHASER having received the documents and enough information evidencing,
      for
      the PURCHASER’S satisfaction, that the referred Declarations and Warranties are
      complete and valid. 

     

    b)
      Audits:
      The
      legal, financial and accounting audits, including, but without limitation,
      the
      Accounting Revision, should be enough to confirm the Declarations and
      Warranties, to define the current and historical situation of the assets and
      liabilities of SIMÕES, and to allow that the consolidation of the transaction is
      approved in the PURCHASER’S Patrimonial Statement, in agreement with the
      accounting principals generally accepted in the United States of America
      ("US
      GAAP"),
      without any exception; 

     

    c)
      Technical
      Report:
      The
      confirmation, by specialized professionals to be hired by the PURCHASER, that
      the Assets of SIMÕES are capable of operating in an efficient, reliable,
      continuous and in a consistent way with the economic expectations, to
      industrialize, at least, 550.000 tons of sugar-cane per crop, or superior value,
      having been administered and operated in its normal course of business by
      SIMÕES; the distillation equipment is not included in this report. Its nominal
      capacity recognized by the parts is of 120.000 liters/day. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    d)
      License
      and Registrations:
      The
      confirmation, by specialized professional to be hired by the PURCHASER, that
      the
      PURCHASER possesses all the licenses of installation and/or operation licenses,
      State Registration and all the other ones requested by the legislation and
      regulations in force; 

     

    e)
      Confirmation
      of the Agricultural Areas:
      The
      confirmation, by specialized professional to be hired by the PURCHASER, that
      the
      Lessee of the Lands is detainer of lease contracts in the total volume of at
      least 710 alqueires(‘paulista’, which is equivalent to 24,200m2 each), on which
      are already planted sugar-cane, and will still be planted approximately 260
      ‘alqueires’ in the first quarter of 2007, generating in this way a crop
      expectation for the crop of 2007/2008 of 160.000 tons of its own sugar cane,
      contracts which are made according to the normal practices on the market; and
      where the is evidence of additional areas for leasing and expansion of the
      plantation of SIMÕES; 

     

    f)
      Supply
      of Raw Material by Third Parties:
      That
      evidence exists of the availability of sugar-cane from third parties in an
      approximate annual volume of 240 thousand tons, which can be acquired according
      to the habitual practices of market; 

     

    g)
      Contribution
      Clearance Certificates:
      That
      the following certificates be issued, on behalf of SIMÕES: (a) “Certidao
      Conjunta Negativa de Debitos relativos a Tributos Federais e a Divida Ativa
      da
      Uniao”
      (Clearance Group Certificate of Debts on Federal Taxes and Outstanding Debt
      of
      the Union); (b) “Certidao
      negativa de debitos emitida pelo Instituto Nacional de Seguridade Nacional
      -
      INSS”
      (Clearance certificate of debts issued by the National Institute of Social
      Security - INSS), regarding the payment of social contributions, and (c)
“Certidao
      Negativa de debitos emitida pelo fundo de Garantia por Tempo de Servico -
      FGTS”
      (Clearance certificate of debts issued by the Fund of Guarantee for Time of
      Service - FGTS), which is necessary, so that the Shares are transferred to
      the
      PURCHASER or so the reduction of capital of SIMÕES can be realized with the
      distribution ‘in natura’ of the assets to its partners. 

     

    h)
      Reduction
      of the stock capital of SIMÕES:
      Effectivation of the reduction of capital of SIMÕES and distribution ‘in natura’
of the Assets to the partners, as foreseen in clause 2.2 (ii) of the present
      contract, being this condition only
      applicable if the acquisition takes place in the modality foreseen in clause
      2.1
      (iii) (B). 

     

    i)
      Documents:
      The
      practice of acts and the officiating of all additional documents that come
      to be
      necessary for the consummation of the operation contemplated here. 

     

    SECTION
      FIVE 

    DECLARATIONS
      AND WARRANTIES

    

    5.1.
      The
      determination in clause 7.1.1 below, being observed, the SELLERS render each
      one, individual, solidary and unlimited, the following Declarations and
      Warranties, which should be true and correct on the Closing Date: 

     

    a)
      Observance
      to the Laws.
      The
      operations and activities of the SELLERS related to SIMÕES, to the Assets and to
      the Area of Industry, should not violate any determination or applicable law
      of
      any governmental organization, nor should the SELLERS receive any warning or
      notification that such violations were or could become imputed by them. That
      they are not in course or, except for better judgment of the SELLERS, there
      are
      no investigations or analyses by any Governmental Organization, involving the
      SELLERS or the Assets and the Area of Industry, nor the SELLERS have received
      any warning or notification concerning the intention of governmental
      organizations in proceeding in that sense. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    b)
      Corporate
      Constitution and Capital Stock of SIMÕES.
      SIMÕES
      is a limited partnership constituted and legally existent and in regular
      situation, having full power and corporate authorization to conduct its business
      as it is now doing and is authorized to possess the properties and the goods
      that it now possesses. The capital stock of SIMÕES is, on this date,
      R$20.227.200,00 (Twenty Million Two hundred and twenty-seven Thousand and Two
      hundred reais) and it is divided and represented by Shares, which were
      integrated properly by the SHAREHOLDERS. All the Shares are free and
      disentangled of any commission, pawn, obligation and warranty and rights of
      any
      nature. The SHAREHOLDERS didn't check, nor do options exist, preference rights,
      pawn or other relative similar rights to the Shares. There is no lawsuit,
      administrative process or other fact or circumstance that could impede or
      interfere in the transfer of the Shares in the terms of the present Contract.
      

     

    c)
      Constitution,
      Power and Authorization.
      The
      SELLERS have full power to officiate this Contract, to execute its obligations
      now assumed and to consummate the operations contemplated in the present
      Contract, having been taken the necessary measures for the authorization and
      the
      consummation of the operation object of this Contract, not being necessary,
      therefore, that any additional measures be taken so that the signature and
      the
      formalization of this Contract can take place. 

     

    d)
      Titleholder
      of the Area of Industry.
      OWNER
      OF THE LANDS is the titleholder, legitimate owner of the two glebes of land
      leased to the “Destilaria Simões” and where the assets that compose the Area of
      Industry are, as described in Enclosure A and registration copy in larger area
      n° 23.799, of the “Cartorio de Registro de Imoveis de Tatui,” and that the same
      are free and disencumbered of any commission, pawn, obligation and warranty
      and
      rights of any nature, and that the OWNER OF THE LANDS didn't officiate any
      contract or agreement, except the one of leasing for Simões, that has as its
      object the Area of Industry or the pawn constitution or other relative similar
      rights to the same ones. 

     

    e)
      Titleholder
      of Assets.
      SIMÕES
      or the SHAREHOLDERS, as the case may be, is (are) titleholder(s), legal owner
      and owns the totality of Assets, as described in Enclosure C and that the same
      are free and disencumbered of any commission, pawn, obligation and warranty
      and
      right of any nature. SIMÕES and/or the SHAREHOLDERS did not officiate any
      contract or agreement that has as its object the Assets or the pawn constitution
      or other relative similar rights to the same ones. 

     

    f)
      Capacity
      of the Assets.
      The
      necessary Assets for the operation of the business of the SELLERS, are
      physically located inside the property that compose the Area of Industry, and
      they are capable of operating according to description of the Capacity of the
      Assets, having been administered and operated in its normal course of business
      by the employees of SIMÕES, and all the production accomplished by the Assets
      and in the Area of Industry after the present date, as well as the stock on
      the
      Closing Date is not the object of sale contract or of similar contract, nor
      it
      is subject to any commitment, obligation or other commission, the responsibility
      for execution belonging exclusively to the SELLERS, with the exception of what
      is in clause 3.2. 

     

    g)
      Obligations
      of the SELLERS.
      The
      SELLERS, together or individually: (i) have no obligation or responsibility,
      incurred, contingent or of any other nature, including civil, commercial,
      fiscal, environmental, employment or welfare that can affect the respective
      ownership rights on the Shares, the Assets and the Area of Industry and they
      didn't assume any obligation or responsibility involving the Shares, the Assets
      and the Area of Industry; (ii) they are not parts, nor are they subject to,
      any
      litigation, judicial or administrative process, in any instance that can affect
      the Shares, the Assets and the Area of Industry; and (iii) they are not
      guarantors, guarantees or any other form of guarantors of any obligations nor
      are parts of any contract for force of which they put under an obligation to
      honor any obligations that in some form can commit the Shares, the Assets and
      the Area of Industry, except for the warranty rendered to the company BRASKEN
      S/A, which should be free and disentangled of everybody and any obligation
      according to clause 3.2.2. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    h)
      Normal
      Operation.
      SIMÕES
      and the Assets will be administered and operated between the present date and
      the Closing Date in its respective normal courses of business. 

     

    i)
      Non
      distribution of assets or resources.
      Between
      the present date and the Closing Date, SIMÕES didn't distribute or commit
      distribution, and SHAREHOLDERS didn't practice any act nor oriented SIMÕES to
      distribute or assumed any commitment to distribute, to give or encumber, direct
      or indirectly, any of its assets, resources, including available funds to any
      title of SIMÕES, to the SHAREHOLDERS themselves, its related parts or third
      parties, except if in another way contemplated in this Contract. 

     

    j)
      Recruiting
      with related parts.
      The
      SELLERS didn't officiate nor committed to officiate any agreement, contract
      or
      arrangement involving the Shares and/or the Assets and/or the Area of Industry
      and/or the business of the SELLERS with any of its related parts. 

     

    k)
      Permissions,
      Licenses and Authorizations.
      SIMÕES
      and the OWNER OF THE LANDS assist, on this date, to all the approaches, legal
      and technical demands, and necessary requirements for the obtaining of all
      the
      permissions, licenses and authorizations demanded by the legislation and
      regulation in force, including the definitive licenses of operation, for the
      regular operation of the business of SIMÕES, and on the Closing Date the same
      should have in its respective names all the permissions, licenses and
      authorizations demanded by the legislation and regulation in vigor, including
      the definitive licenses of operation, for the regular operation of the business
      of SIMÕES, valid and in force. SIMÕES and OWNER OF THE LANDS meet in strict
      observance to all the regulations, permits, governmental decrees, normative
      instructions, laws, norms and pertinent demands of protection to the environment
      instituted by the competent organs and municipal, state and federal departments.
      

     

    l)
      Total
      Divulgation.
      All the
      documents, contracts, instruments, certificates, warnings, consents, sworn
      in
      declarations, letters, declarations, enclosures (including, among others, the
      Enclosures that constitute integral part of the present contract) and other
      documents given by the SELLERS, or in their names, to the PURCHASER or the
      person indicated by him about the present Contract or the operations in him
      contemplated are faithful, complete and authentic. No Document supplied by
      the
      SELLERS, or in its name, to the PURCHASER or the person indicated by him in
      this
      contract or with relationship to the operations contains untrue declarations,
      or
      omits important facts whose divulgation in this contract is compulsory or
      necessary so that the declarations may not become false or be mistaken, in
      the
      context they are in. 

     

    m)
      Inclusion
      and Sufficiency of the Documents.
      The
      transmission instruments and conference to be officiated by the SELLERS and
      given to the PURCHASER, in the Closing will be valid and executable in agreement
      with its respective terms, being enough to give, to transfer and to confer
      to
      the PURCHASER, on the occasion of the Closing, the Area of Industry and the
      Shares and the Assets, according to the case, that will include, all the related
      or necessary goods for the conduction of the business of SIMÕES, in the way
      these are being conducted now. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    5.2.
      The
      PURCHASER renders the following declarations and warranties, which should be
      true and correct on the Closing Date. 

     

    a)
      Constitution,
      Power and Authorization.
      The
      PURCHASER has full power to officiate this Contract, to execute its obligations
      now assumed and to consummate the operations contemplated in the present
      Contract, having been taken the whole necessary measures for the authorization
      and the consummation of the operation object of this Contract, not being
      necessary, therefore, that any additional measures be taken so that the
      signatures and formalization of this Contract be made. 

     

    SECTION
      SIX 

    AUDITS 

     

    6.1.
      Starting from the present date and until the Closing Date, the SELLERS will
      provide total and unrestricted access to the PURCHASER, to his lawyers and
      other
      advisers, to the Assets and Area of Industry and will give to the same, in
      the
      largest possible brevity, so that the PURCHASER can make, in an esteemed period
      of 30 days, the legal, accounting and financial audits, including, but without
      limitation, the Accounting Revision, besides the technical evaluation of the
      Assets, of the Area of Industry, of the Agricultural Leases and of SIMÕES, with
      the purpose of verifying the precision of the Declarations and Warranties
      presented. 

     

    SECTION
      SEVEN 

    SOLIDARY
      RESPONSIBILITY AND WARRANTIES 

     

    7.1.
      The
      SELLERS will answer solidarily before the PURCHASER for everybody and any values
      to which they were obligated, such as taxes, fiscal contributions or welfare
      contributions and fines, that might not have been paid by the SELLERS on the
      dated demanded by law, that were not furnished by SIMÕES and related to
      generating facts happened previously to the Closing Date, as well as any
      obligation, contingent or not, of civil, commercial nature, employment,
      environmental, welfare or fiscal of the SELLERS or that have been by these
      assumed for legal and related facts occurred or acts practiced previously to
      the
      Closing Date. 

     

    7.1.1.
      Only the SELLERS, CECÍLIA, LUCIANA, JAIRO and FÁBIO will be solidary to the
      OWNER OF THE LANDS, who indeed are its proprietors, who also answer for the
      eviction of rights, exempting from this solidarity the other SELLERS that are
      only shareholders of the “Destilaria Simões.” 

     

    7.2.
      the
      guarantor VIBRAPAR, in this act is the solidary guarantor and main payer of
      the
      obligations assumed by the SELLERS, rendering the following warranties in favor
      of the PURCHASER: 

     

    (a)
      Pawn
      over the totality of the credit rights originating from the leasing contract
      officiated with PETROBRÁS S/A and that has for contiguous object area of
      110.000,00 m2, to the area where one finds the Refinery of Capuava installed,
      whose initial leasing is of R$ 70.000,00 monthly, in terms and conditions
      substantially identical to the Enclosure 7.2 (a), enclosure that will be agreed
      upon between the Parts in the period of 7 (seven) days counting from the present
      dates, by means of the valid celebration of the referred pawn and gives the
      PURCHASER on the Closing Date; and 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b)
      bail
      in the terms of the art. 818 and ss of the Brazilian Civil Code, with
      renouncement to the order benefit, of the art. 827; 

     

    7.3.
      The
      SELLERS recognize and agree that any cost, expense, penalty, damage, loss,
      damage or responsibility of any nature or species (including interest,
      indexation, lawyer fees and judicial and administrative costs) incurred by
      the
      PURCHASER due to the SELLERS (i) having at the Closing Date, rendered any
      Declaration and Warranty that are not true, complete or correct; or, (ii) not
      complied with obligation due of the Sections Ten and Eleven of the present
      Contract; Such values, in case they are raised after the payment of the Price
      of
      Acquisition and not liquidated opportunely by the SELLERS, will be (i)
      automatically deduced and paid starting from the warranty rendered in 7.2 (a)
      above; (ii) collected by means of execution of the warranty rendered in 7.2
      (b)
      above; or (iii) by means of the collection and execution of the SELLERS.

     

    7.4.
      It
      is allowed for the SELLERS the possibility of discussing in judgment or out
      of
      it, eventual debts raised latter and with which the same don't agree, as long
      as
      it is justified. 

     

    7.5.
      In
      case the Closing Date doesn't happen because of an audit, the evaluation and
      the
      legal revision foreseen above, verified that the declarations and warranties
      are
      not correct, or are not complete nor satisfactory, according to the PURCHASERS’
exclusive and reasonable approach, or that the debts or contingencies related
      to
      the Area of Industry or the Assets overcome those disclosed in the terms of
      this
      Contract or of its enclosures, the PURCHASER and the SELLERS should negotiate,
      in good faith, adjustments under the Price of Acquisition, in order to
      compensate the PURCHASER for any negative difference or inconsistency of the
      Declarations and Warranties. 

     

    7.6.
      The
      obligations contemplated in this Section Seven and the Declarations and
      Warranties will subsist until the end of this Contract, being valid until the
      end of the period of prescription and decline of each one of the respective
      obligations or in up to 5 (five) counted years of the Closing Date, whatever
      happens last. 

     

    SECTION
      EIGHT 

    INTERIM
      ADMINISTRATION 

     

    8.1.
      From
      the present date until the Closing Date or the end of this Contract, the SELLERS
      guarantee that the administration of SIMÕES and of the leased areas will be
      accomplished in a responsible way and maintaining the normal course of the
      activities of the company, executing all the normal obligations of the company,
      including to honor the due dates of debts and taxes. 

     

    8.2.
      Between the present date and the Closing Date or the end of this Contract,
      SIMÕES will not distribute nor promise to distribute, and the SHAREHOLDERS will
      not act or guide SIMÕES to distribute or will assume any commitment to
      distribute, to give or encumber, direct or indirectly, any of its assets,
      resources, including available funds of SIMÕES for any purpose, to the
      SHAREHOLDERS, its related parts or third parties, except by means of
      Extraordinary Disposition of Assets. 

     

    8.3.
      The
      ownership on the Assets, the Area of Industry negotiated or even the effective
      cession of the Shares will be given on the date of the effective closing of
      the
      business here agreed upon. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SECTION
      NINE 

    STATED
      PERIOD OF TIME AND PERIOD OF NOTICE 

     

    9.1.
      This
      Contract will be valid on this date, and it will continue to be valid and in
      effect until the date when any of the following events first occurs (the
      "Period
      of Duration"):
      (i)
      the accomplishment of the hereforseen operation on the closing date or (ii)
      the
      non accomplishment in a satisfactory way, at the discretion of the PURCHASER,
      of
      the Closing Conditions inside the unpostponable period of 60 (sixty) days
      counting from the present date, by means of simple notification to the addresses
      declared in clause 12.5.

     

    9.2.
      The
      SELLER PARTS compromise to give their best efforts for all the Closing
      Conditions to be executed in the shortest practical time. 

    

    SECTION
      TEN 

    EXCLUSIVENESS,
      NON-COMPETITION 

     

    10.1.
      The
      SELLER PARTS, during the period of Validity, agree in negotiating with
      exclusiveness with the PURCHASER on the sale of the Area of Industry and of
      the
      Assets (in all of it or part of it), and they promise not to officiate any
      contract related to the Area of Industry and to the Assets, not to issue any
      new
      shares of SIMÕES, not to transfer any share that they own of SIMÕES and, not to
      allow the constitution of any commissions on the shares and on the business
      of
      the SELLERS, except those contemplated in this Contract. On the Date of the
      Closing, and in consideration to the Price of Acquisition, each SELLER promises,
      without there being the need of any additional documentation, to refrain, direct
      or indirectly, of competing with SIMÕES or with any of its parts related under
      any form by the five year period counting from the Closing Date, in the markets
      explored by SIMÕES. Except businesses located away from the SIMOES facilities in
      a radius of 300km minimum. 

     

    SECTION
      ELEVEN 

    CONFIDENCIALITY 

     

    11.1.
      Each Part should maintain secret on all the obtained information of the other
      part in relation to the present Contract that are not of public knowledge,
      that
      have not been known independently or developed, that has not been obtained
      from
      third parties or that are not of public knowledge by virtue of delinquency
      of
      the Part that has received it (jointly the “Confidential
      Information”).
      The
“Confidential Information” (that can be oral, in writing or magnetic, being
      designated or not as "confidential", and that includes contact information
      and
      information referring to structure, negotiation methods or financial
      organization) can only be used by the receiving Part in the effectivation of
      the
      transactions contemplated in this Contract and for no other purpose. In the
      hypothesis of ending this Contract, all the documents (including the copies)
      obtained by virtue of this Contract by a Part should be returned to the other
      pertinent Part, however, the confidentiality obligations and limitation to
      the
      use will stay in force for the two year period after the date of the ending
      of
      the Contract. Each Part promises not to disclose and to maintain in secret
      the
      terms and conditions of this Contract, being included, but if not limiting
      to
      the compensation to be paid below, except if the divulgation of this information
      becomes obligatory for the consummation of the purchase and sale contemplated
      in
      this Contract, demanded by any government authority, applicable law or
      regulation of the stock exchange law to which the Part is submitted, or if
      he/she obtains the consent of all the other Parts. In the case of noncompliance
      of the obligations of this clause by one of the Parts, the Delinquent Part
      should reimburse the other for losses and damages. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SECTION
      TWELVE 

    FINAL
      DISPOSITIONS 

     

    12.1.
      The
      Parts, in this act, expressly, agree with everybody on the terms and conditions
      of the present Contract, not opposing the same, for any reason and at any time,
      putting under obligation, to accomplish all the acts and necessary formalities
      for the full and perfect formalization of the sale of the Shares, of the Assets
      and of the Area of Industry now contracted, including before all the competent
      organs, signing contractual alterations and any other documents that are made
      necessary for so much. 

     

    12.2.
      The
      present Contract is firmed in an irrevocable way, forcing the parts and its
      successors to accept the same. 

     

    12.3.
      The
      present Contract cannot have additions or be changed without the approval of
      all
      the parts, in writing, and, except for the cases expressly foreseen in this
      Contract, none of the Parts can give or transfer any of its rights and
      obligations originating from this Contract, without the consent of the other
      parts. 

     

    12.4.
      The
      invalidation, inefficacy or inexecutability of any of the dispositions contained
      in this Contract, won't invalidate nor will it turn inoperative or inexecutable
      any of the other dispositions of the present Contract, which will continue
      in
      force. The Parts should negotiate the necessary measures to correct such
      dispositions of eventual existent addictions. 

     

    12.4.1.
      Eventual unmotivated waiver, from part to part will give opportunity to the
      part
      that gives cause to the non accomplishment of the business a pre-fixed fine
      for
      losses and damages in the value of R$ 10.000.000,00 (ten million Reais). If
      the
      giving up is motivated then nothing will be owed by the parts, mainly the
      expenses with professionals that will proceed the audits mentioned.

     

    12.5.
      All
      and any communication or notifications referring to the present Contract should
      be made in writing and sent to the Parts by letter registered with return
      notice, or by telefax for the addresses below discriminated:

     

    SELLERS:
      

    The
      communications should be sent to the addresses below: 

     

    VIBRAPAR
      PARTICIPAÇÕES LTDA. 

    JOÃO
      DEGUIRMENDJIAN E/OU ALEXANDRE ARGOUD MALAVAZZI 

    Boulevard
      Vicente Pinzon 173, 13° floor 

    Villa
      Olímpia - CEP 04547-130 - Sao Paulo-SP 

     

    PURCHASER:
      

    The
      communications should be sent to the addresses below: 

     

    IVO
      TOLESANO 

    Rua
      Funchal 375, group 81 

    Villa
      Olímpia - CEP 04551-060 - Sao Paulo-SP 

    Fax
      (11)
      3044-0342 

    c.c.
      MHMK
      - Sociedade de Advogados 

    Attn:
      Byung Soo Hong 

    Av.
      Brigadeiro Faria Lima, 1461, 12° andar 

    Fax
      (11)
      3094-7820 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    12.6.
      The
      present Contract is governed by the laws of the Federative Republic of Brazil
      and any work or conflict coming of this Summary should be solved exclusively
      before the Forum of the District of the City of São Paulo, Brazil. 

     

    Therefore,
      being just and contracted, the parts sign the present contract in 08 (eight)
      copies, of the same text, in the presence of the two witnesses below.

     

    São
      Paulo, December 27, 2006. 

     

    FOR
      THE “DESTILARIA DE ALCOOL SIMOES LTDA.” AND AS SHAREHOLDERS, INDIVIDUALLY

    

      
        	
                ___________________________
                  

              	
                ____________________________
                  

              
	
                UNIVEN
                  PETROQUIMICA LTDA.

              	
                UNIVEN
                  PETROQUIMICA LTDA. 

                JOÃO
                  DEGUIRMENDJIAN 

              
	
                ALEXANDRE
                  ARGOUD MALAVAZZI 

              	 
	
                 

              	 
	
                /s/
                  Werner
                  José Brancaglion Rottgering

              	
                /s/Eunice
                  Granato Quecine

              
	
                WERNER
                  JOSÉ BRANCAGLION ROTTGERING 

              	
                EUNICE
                  GRANATO QUECINE 

              
	
                 

              	 
	
                /s/Luciana
                  Simões De Almeida Kfour

              	
                /s/
                  Jairo Simões De Almeida

              
	
                LUCIANA
                  SIMÕES DE ALMEIDA KFOUR 

              	
                JAIRO
                  SIMÕES DE ALMEIDA 

              
	
                 

              	 
	
                /s/
                  Fábio Simões De Almeida

              	
                 

              
	
                FÁBIO
                  SIMÕES DE ALMEIDA 

              	 

      

    
      (this
        sheet of signatures is part of this Private Instrument of Purchase and Sale
        and
        Other Settlements officiated on this date and has as object the alienation
        of
        the shares or assets of the Destilaria Simões Ltda and of the Area of Industry)

    

     

    São
      Paulo, December 27, 2006 

     

    FOR
      THE GUARANTOR 

    

      
        	
                /s/
                  Alexandre
                  Argoud Malavazzi 

              	
                /s/
                  João
                  Deguirmendjian

              
	
                VIBRAPAR
                  ADM E PART LTDA 

              	
                VIBRAPAR
                  ADM E PART LTDA 

              
	
                ALEXANDRE
                  ARGOUD MALAVAZZI 

              	
                JOÃO
                  DEGUIRMENDJIAN 

              

      

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    FOR
      THE OWNER OF THE LANDS 

    

      
        	
                /s/
                  Cecília
                  Sansigolo Simões De Almeida

              	
                /s/
                  Fábio
                  Simões De Almeida

              
	
                CECÍLIA
                  SANSIGOLO SIMÕES DE ALMEIDA 

              	
                FÁBIO
                  SIMÕES DE ALMEIDA 

              
	
                 

              	 
	
                /s/
                  Luciana
                  Simões De Almeida Kfour

              	
                /s/
                  Jairo
                  Simões De Almeida

              
	
                LUCIANA
                  SIMÕES DE ALMEIDA KFOUR 

              	
                JAIRO
                  SIMÕES DE ALMEIDA 

              
	
                 

              	 
	 	 
	
                FOR
                  THE PURCHASER 

              	 
	
                 

              	 
	
                /s/
                  Ivo
                  Tolesano Júnior

              	 
	
                COMANCHE
                  DO BRASIL PARTICIPAÇÕES LTDA 

              
	
                IVO
                  TOLESANO JÚNIOR 

              	 

      

    

     

    Witnesses:
      

    

      
        	
                1.
                  ________________________________ 

              	
                2.
                  _______________________________ 

              
	
                Name:
                  

              	
                Name:
                  

              
	
                RG:
                  

              	
                RG:
                  

              

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Lists
      of Enclosures to the Contract: 

     

    Enclosure
      A: “Area of Industry” 

    Enclosure
      B: “Agricultural Leases” 

    Enclosure
      C:  “Assets
      (except the Agricultural Leases)” 

    Enclosure
      D:  “Debts
      and Existent Obligations” 

    Enclosure
      3.5: “Distribution of the Price of Acquisition” 

    Enclosure
      7.2: “Model of Pawning Contract” 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Enclosure
      3.5 - Distribution of the Acquisition Price*

    

    
      	 	 	 	 	
              Banking
                Information

            	 	 
	
              Seller

            	 	
              CPF/CNPJ

            	 	
              Bank

            	 	
              Agency

            	 	
              Account
                no. 

            	 	
              Amount

            
	
              Cecília

            	 	
              110.344.728-95

            	 	
              001

            	 	
              0511-8

            	 	
              4183-1

            	 	
              R$
                1.000.000,00

            
	
              Werner

            	 	
              148.076.058-79

            	 	
              353

            	 	
              2063

            	 	
              01-000007-3

            	 	
              R$
                2.400.000,00

            
	
              Eunice

            	 	
              139.451.688-64

            	 	
              341

            	 	
              54

            	 	
              64419-0

            	 	
              R$
                2.400.000,00

            
	
              Luciana

            	 	
              099.323.948-06

            	 	
              33

            	 	
              193

            	 	
              01-004596-6

            	 	
              R$
                480.000,00

            
	
              Fabio

            	 	
              026.981.498-17

            	 	
              237

            	 	
              284-4

            	 	
              065380-2

            	 	
              R$
                2.160.000,00

            
	
              Jairo

            	 	
              026.981.488-45

            	 	
              001

            	 	
              511

            	 	
              12218-1

            	 	
              R$
                2.160.000,00

            
	
              Univen
                (paid to Vibrapar)

            	 	
              04.211.528/0001-60

            	 	
              237

            	 	
              2846-0

            	 	
              5011-3

            	 	
              R$
                3.000.000,00

            
	
              Univen
                (paid to Brasken S.A.)

            	 	
              42.150.391/0001-70

            	 	
              237

            	 	
              826-5

            	 	
              18741-0

            	 	
              R$
                15.000.000,00

            
	
              Univen
                (paid to Petrovia)

            	 	
              04.218.218/0001-78

            	 	
              353

            	 	
              2063

            	 	
              13-000093-9

            	 	
              R$
                16.990.848,00

            
	
              Univen**

            	 	
              67.276.923/0001-41

            	 	
              237

            	 	
              2860-6

            	 	
              4600-0

            	 	
              R$
                17.409.152,00

            
	 	 	 	 	 	 	 	 	
              Total

            	 	
              R$
                63.000.000,00

            

    

    

    *
      amount
      which eventualy might change, will be compensated exclusively from the amount
      owed to Univen. 

    

    **
      Univen
      can request change of account for deposit or other type of receiving funds.
      

    

    São
      Paulo, December 27, 2006

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
      		DESTILARIA DE ÁLCOOL
              SIMÕES

    

     

              Date:
      Jan.17, 2007

    

    
      	
              DESCRIPTION

            	 	
              PRICE

            	 	
              YEAR

            	 	
              PAID

            	 	
              TO
                PAY

            	 	
              BALANCE

            	 
	
              2
                towing vehicles Facchini

            	 	 	
              116.400,00

            	 	 	
              2006

            	 	 	
              100.475,00

            	 	 	
              15.925,00

            	 	 	
              2
                payments

            	 
	
              2
                Volvo trucks

            	 	 	
              499.870,00

            	 	 	
              2006

            	 	 	
              361.090,00

            	 	 	
              138.780,00

            	 	 	
              3
                payments

            	 
	
              1
                680 Massey tractor

            	 	 	
              140.000,00

            	 	 	
              2006

            	 	 	
              140.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                292 Massey tractor

            	 	 	
              90.000,00

            	 	 	
              2006

            	 	 	
              90.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              2
                towing vehicles Facchini

               

              1
                semi towing vehicle Facchini

               

              2
                clew-line Facchini

            	 	 	
              230.000,00

            	 	 	
              2006

            	 	 	
              230.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                clew-line Massey

            	 	 	
              38.000,00

            	 	 	
              1986

            	 	 	
              38.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                clew-line Motocana

            	 	 	
              62.000,00

            	 	 	
              2006

            	 	 	
              62.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                290 Massey tractor

            	 	 	
              68.000,00

            	 	 	
              2006

            	 	 	
              68.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                680 Massey tractor

            	 	 	
              157.000,000

            	 	 	
              2005

            	 	 	
              157.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                Ford F600 truck

            	 	 	
              20.000,00

            	 	 	
              1979

            	 	 	
              20.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                Ranger truck

            	 	 	
              18.000,00

            	 	 	
              -

            	 	 	
              18.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                Kombi (van)

            	 	 	
              10.000,00

            	 	 	
              -

            	 	 	
              10.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                Mercedes truck

            	 	 	
              105.000,00

            	 	 	
              1991

            	 	 	
              105.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              2
                wagons / 2 julietas

            	 	 	
              120.000,00

            	 	 	
              Unimil

            	 	 	
              120.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                Ford 6600 tractor

            	 	 	
              15.000,00

            	 	 	
              -

            	 	 	
              15.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                Ford 6610 truck

            	 	 	
              25.000,00

            	 	 	
              -

            	 	 	
              25.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                New Holand wagon

            	 	 	
              100.000,00

            	 	 	
              -

            	 	 	
              100.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                Ford F600 truck

            	 	 	
              20.000,00

            	 	 	
              1975

            	 	 	
              20.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                levelling motor

            	 	 	
              130.000,00

            	 	 	
              -

            	 	 	
              130.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                clew line shovel W18

            	 	 	
              110.000,00

            	 	 	
              1986

            	 	 	
              110.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                digging machine HS96 Massey

            	 	 	
              150.000,00

            	 	 	
              2004

            	 	 	
              150.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                tractor Valmet with drill

            	 	 	
              20.000,00

            	 	 	
              1985

            	 	 	
              20.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                mercedez 2215 water truck

            	 	 	
              45.000,00

            	 	 	
              1984

            	 	 	
              45.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              Rotão
                e canos (Rotator and Tubes)

            	 	 	
              140.000,00

            	 	 	
              -

            	 	 	
              140.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                Peuget truck

               

              1
                30.000 (vinhaça)

              semi
                tank truck

              1
                F1000 truck

            	 	 	
              50.000,00

            	 	 	
              -

            	 	 	
              50.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              3
                semi truck (de vinhaça)

            	 	 	
              130.000,00

            	 	 	
              2005

            	 	 	
              130.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              Implements
                (Agriculture)

               

              1
                Sprayer Jacto 2005

               

              1
                Leveling grate Tatu 2005

               

              1
                ‘terradiador’ Tatu 2005

               

              1
                plower grate Tatu 2005

               

              1
                ‘subsolador’ Tatu 2005

               

              1
                cultivator DMB 2005

               

              1
                sugar cane coverer BMB 2005

            	 	 	
              100.000,00

            	 	 	
              2005

            	 	 	
              100.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                tractor 292/4

            	 	 	
              90.000,00

            	 	 	
              2005

            	 	 	
              90.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                tractor 680/4

            	 	 	
              140.000,00

            	 	 	
              2006

            	 	 	
              140.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              3
                semi trucks for planting

            	 	 	
              16.500,00

            	 	 	
              2006

            	 	 	
              16.500,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                plower grate

            	 	 	
              19.000,00

            	 	 	
              2006

            	 	 	
              19.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                Mercedes Bens /87 bus

            	 	 	
              28.000,00

            	 	 	
              1987

            	 	 	
              28.000,00

            	 	 	
              0,00

            	 	 	
              0

            	 
	
              1
                sprayer Jacto 2005

            	 	 	
              25.800,00

            	 	 	
              2007

            	 	 	
              6.450,00

            	 	 	
              19.350,00

            	 	 	
              3
                payments

            	 
	
              Total

            	 	 	
              3.028.570,00

            	 	 	
              -

            	 	 	
              2.854.515,00

            	 	 	
              174.055,00

            	 	 	
              -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]