EX-4.98 10 f20f2022ex4-98_brasilagro.htm SUMMARY OF THE INSTRUMENT OF COMMITMENT TO PURCHASE AND SALE OF REAL PROPERTIES, ENTERED INTO ON SEPTEMBER 15, 2021, IN CONNECTION WITH FAZENDA PANAMBY

Exhibit 4.98

 

Summary of the Instrument of Commitment to Purchase and Sale of Real Properties, entered into on September 15, 2021, in connection with Fazenda Panamby.

 

Parties: Kng Administração e Participações Ltda., Tritt Administração e Participações Ltda., Terra-Azul Organização Administrativa Ltda. e SBR Administração e Participações Ltda., as sellers; Imobiliária Mogno Ltda., as buyer.

 

PurposeThe commitment to buy the Panamby Farm with a total area of 10,792 hectares, of which 5,379 hectares are arable. The acquisition value is R$285.6 million (302 soybean bags per arable hectare), to be paid in two installments, comprised of a down-payment in the amount of R$140.0 million, which was paid in September 2022, and an additional installment to be paid in 2023.