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Bank of New York/ADR Division – ‘F-6’ on 9/8/10 re: BrasilAgro - Brazilian Agricultural Real Estate Co – EX-4

On:  Wednesday, 9/8/10, at 2:35pm ET   ·   Accession #:  1019155-10-320   ·   File #:  333-169270

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 9/08/10  Bank of New York/ADR Division     F-6                    3:338K BrasilAgro - Brazilian Agricu… Co Emmet Marvin & Mart… LLP

Registration of Depositary Shares Evidenced by American Depositary Receipts (Not Effective Immediately)   —   Form F-6
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: F-6         Registration of Depositary Shares Evidenced by      HTML     35K 
                          American Depositary Receipts (Not                      
                          Effective Immediately)                                 
 2: EX-1        Form of Deposit Agreement                           HTML    222K 
 3: EX-4        Opinion of Depositary's Counsel                     HTML     12K 


EX-4   —   Opinion of Depositary’s Counsel


This exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  Form F-6  



Writer’s Direct Dial

EXHIBIT 4


EMMET, MARVIN & MARTIN, LLP

COUNSELLORS AT LAW

_____

120 Broadway

New York, New York 10271

_____

(212) 238-3000

(212) 653-1760

_____

Fax: (212) 238-3100

Fax: (212) 653-1730

http://www.emmetmarvin.com

177 MADISON AVENUE

MORRISTOWN, NEW JERSEY 07960

(973) 538-5600

FAX: (973) 538-6448

 

1351 WASHINGTON BOULEVARD

STAMFORD, CONNECTICUT 06902-4543

(203) 425-1400

FAX: (203) 425-1410


September 8, 2010


The Bank of New York Mellon,

  as Depositary

101 Barclay Street

New York, New York, 10286


Re:

American Depositary Shares for Common Shares, of BrasilAgro – Companhia Brasileira de Propriedades Agricolas

Ladies and Gentlemen:

We refer to the registration statement to be filed on Form F-6 under the Securities Act of 1933 (the "Registration Statement") by the legal entity created by the agreement (the "Deposit Agreement") for issuance of American Depositary Shares ("ADSs"), which may be evidenced by American Depositary Receipts ("ADRs"), for common shares, of BrasilAgro – Companhia Brasileira de Propriedades Agricolas, for which you propose to act as Depositary.


We are of the opinion that the ADSs covered by the Registration Statement, when issued in accordance with the terms of the Deposit Agreement, will, when sold, be legally issued and will entitle the holders thereof to the rights specified in the Deposit Agreement and the ADRs.

This opinion may be used by you as an exhibit to the Registration Statement.

Very truly yours,

/s/ EMMET, MARVIN & MARTIN LLP

EMMET, MARVIN & MARTIN, LLP






Dates Referenced Herein   and   Documents Incorporated by Reference

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Filing Submission 0001019155-10-000320   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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