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PRODUCT: Ethanol - Brazil

UNIT PRICE: USD 0.4138/Lt (four thousand one hundred and three eight cents of dollar per liter), FOB,

Rio de Janeiro, Santos or other port to be defined in the final contract,

B TOTAL QUANTITY PER YEAR: 180.000.000 Lt (one hundred and eighty millions of liters) (±5%)

TOTAL AMOUNT PER YEAR (USD): USD 74.484, 000.00 (seventy four millions, four hundred andeighty four thousand dollars), FOB, Rio de Janeiro, Santos Port or other port to be defined in the finalcontract

TOTAL CONTRACT QUANTITY (during the 5 years): USD 900.000.000 Lt (nine millions of liters) in 5 years (±5%)

TOTAL CONTRACT AMOUNT (USD) (during the 5 years): USD 372.420, 000.00 (three hundredseventy two millions and four hundred and twenty thousand dollars) in 5 years.

QUALITY: Export Quality, Internationally accepted Ordinary.

SPECIFICATIONS OF ETHANOL ARE AS FOLLOW: The commodity meets or exceeds the specifications defined. The goods shipped to you will conform to these standards and specifications.