- Securities Registration: Employee Benefit Plan (S-8)
April 06 2011 - 3:14PM
Edgar (US Regulatory)
As filed with the Securities and Exchange
Commission on April 6, 2011
Registration
No. 333-
UNITED STATES SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C.
20549
Form S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
Adecoagro S.A.
(Exact name of registrant as
specified in its charter)
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Grand Duchy of Luxembourg
(State or other jurisdiction
of incorporation or organization)
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None
(I.R.S. Employer
Identification number)
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Adecoagro
S.A.
Société anonyme
13-15
Avenue
de la Liberté
L-1931 Luxembourg
R.C.S. Luxembourg B 153 681
+352
2689-8213
(Address,
including zip code, and telephone number, including area code,
of principal executive offices)
Adecoagro/IFH
2004 Stock Incentive Option Plan
Adecoagro/IFH 2007/2008 Equity Incentive Plan
Adecoagro S.A. Restricted Share Plan
(Full
title of the plans)
Corporation
Service Company
1180 Avenue of the Americas, Suite 210
New York, NY 10036
(800) 927-9801
(Name
and address, including zip code, and telephone number, including
area code, of agent for service of process)
With a copy to:
Marcelo A.
Mottesi, Esq.
Milbank, Tweed,
Hadley & McCloy LLP
1 Chase Manhattan
Plaza
New York, New York
10005
(212) 530-5000
Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated
filer, or a smaller reporting company. See the definitions of
large accelerated filer, accelerated
filer and smaller reporting company in
Rule 12b-2
of the Exchange Act.
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Large accelerated filer
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Accelerated filer
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Non-accelerated filer
þ
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Smaller reporting company
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(do not check if a smaller reporting company)
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CALCULATION OF REGISTRATION FEE
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Proposed Maximum
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Proposed Maximum
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Amount to be
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Offering Price Per
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Aggregate Offering
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Amount of
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Title of Securities to be Registered
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Registered(1)
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Share
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Price
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Registration Fee
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Common shares, par value $1.50 per share (Adecoagro/IFH 2004
Stock Incentive Option Plan)
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2,401,228(2)
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$6.67(5)
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$16,016,190.76(5)
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$1,859.48
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Common shares, par value $1.50 per share (Adecoagro/IFH
2007/2008 Equity Incentive Plan)
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2,355,743(3)
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$13.05(6)
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$30,742,446.15(6)
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$3,569.20
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Common shares, par value $1.50 per share (Adecoagro S.A.
Restricted Share Plan)
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1,801,038(4)
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$13.63(7)
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$24,548,147.94(7)
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$2,850.04
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Total
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6,558,009
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$8,278.72
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(1)
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The amount being registered also
includes an indeterminate number of common shares which may be
offered as a result of any stock splits, stock dividends and
anti-dilution provisions and other terms in accordance with
Rule 416 under the Securities Act of 1933, as amended (the
Securities Act).
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(2)
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Represents common shares issuable
under the Adecoagro/IFH 2004 Stock Incentive Option Plan.
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(3)
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Represents common shares issuable
under the Adecoagro/IFH 2007/2008 Equity Incentive Plan.
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(4)
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Represents common shares issuable
under the Adecoagro S.A. Restricted Share Plan.
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(5)
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Calculated solely for the purpose
of determining the registration fee pursuant to Rule 457(h)
under the Securities Act on the basis of the weighted average
exercise price of currently outstanding options under this plan
of $6.67 per share.
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(6)
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Calculated solely for the purpose
of determining the registration fee pursuant to Rule 457(h)
under the Securities Act on the basis of the weighted average
exercise price of currently outstanding options under this plan
of $13.05 per share.
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(7)
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Calculated solely for the purpose
of determining the registration fee pursuant to Rule 457(h)
and Rule 457(c) under the Securities Act, based upon the
average of the high and low sales prices for the ordinary shares
as quoted on the New York Stock Exchange on April 1, 2011,
of $13.63 per share.
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PART I
INFORMATION REQUIRED IN THE SECTION 10(a)
PROSPECTUS
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Item 1.
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Plan
Information.*
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Item 2.
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Registrant
Information and Employee Plan Annual Information.*
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* Pursuant to Rule 428(b)(1) under the Securities Act, the
documents containing the information specified in Part I of
Form S-8
will be sent or given to each participant in the Adecoagro/IFH
2004 Stock Incentive Option Plan, the Adecoagro/IFH 2007/2008
Equity Incentive Plan and the Adecoagro S.A. Restricted Share
Plan. These documents and the documents incorporated by
reference in this Registration Statement pursuant to Item 3
of Part II below, taken together, constitute the
Section 10(a) prospectus. Information required by
Part I to be contained in the Section 10(a) prospectus
is omitted from this Registration Statement in accordance with
the introductory note to Part I of
Form S-8.
PART II
INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT
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Item 3.
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Incorporation
of Documents by Reference.
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The following documents filed with the U.S. Securities and
Exchange Commission (the Commission) by Adecoagro
S.A. (the Company), are incorporated herein by
reference:
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the Companys prospectus dated January 28, 2011 filed
with the Commission on January 31, 2011 (the
Prospectus) pursuant to Rule 424(b)(1) under
the Securities Act, relating to the Companys Registration
Statement on
Form F-1
(File
No. 333-171683); and
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the description of the Companys common shares contained in
its Registration Statement on
Form 8-A
(File No. 001-35052)
filed with the Commission on January 24, 2011 pursuant to
Section 12(b) of the Securities Exchange Act of 1934, as
amended (the Exchange Act), which incorporates by
reference the description of the Companys common shares
set forth under Description of Share Capital in the
Prospectus, including any amendment or report filed for the
purpose of updating such description.
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All documents subsequently filed by the Company with the
Commission pursuant to Sections 13(a), 13(c), 14 and 15(d)
of the Exchange Act, prior to the filing of a post-effective
amendment to this Registration Statement, which indicates that
all securities offered have been sold or which deregisters all
securities then remaining unsold, shall be deemed to be
incorporated by reference in this Registration Statement and to
be a part hereof from the date of filing of such documents.
Any statement contained herein or in a document incorporated or
deemed to be incorporated by reference herein shall be deemed to
be modified or superseded for purposes of this Registration
Statement to the extent that a statement contained herein or in
any subsequently filed document which also is or is deemed to be
incorporated by reference herein modifies or supersedes such
statement. Any statement so modified or superseded shall not be
deemed, except as so modified or superseded, to constitute a
part of this Registration Statement. Copies of these documents
are not required to be filed with this Registration Statement.
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Item 4.
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Description
of Securities.
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[Not Applicable]
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Item 5.
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Interests
of Named Experts and Counsel.
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[Not Applicable]
1
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Item 6.
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Indemnification
of Directors and Officers.
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Our directors are not held personally liable for the
indebtedness or other obligations of the Company. As agents of
the Company, they are responsible for the performance of their
duties. Subject to the exceptions and limitations set forth
below, every person who is, or has been, a director or officer
of the Company shall be indemnified by the Company to the
fullest extent permitted by law against liability and against
all expenses reasonably incurred or paid by him in connection
with any claim, action, suit or proceeding which he becomes
involved as a party or otherwise by virtue of his being or
having been such director or officer and against amounts paid or
incurred by him in the settlement thereof. The words
claim, action, suit or
proceeding shall apply to all claims, actions, suits
or proceedings (civil, criminal or otherwise including appeals)
actual or threatened and the words liability and
expenses shall include without limitation
attorneys fees, costs, judgments, amounts paid in
settlement and other liabilities.
No indemnification shall however be provided to any director or
officer: (i) against any liability to the Company or its
shareholders by reason of willful misfeasance, bad faith, gross
negligence or reckless disregard of the duties involved in the
conduct of his office; (ii) with respect to any matter as
to which he shall have been finally adjudicated to have acted in
bad faith and not in the interest of the Company; or
(iii) in the event of a settlement, unless the settlement
has been approved by a court of competent jurisdiction or by our
board of directors.
The right of indemnification herein provided shall be severable,
shall not affect any other rights to which any director or
officer may now or hereafter be entitled, shall continue as to a
person who has ceased to be such Director or officer and shall
inure to the benefit of the heirs, executors and administrators
of such a person. Nothing contained herein shall affect any
rights to indemnification to which corporate personnel,
including directors and officers, may be entitled by contract or
otherwise under law.
Expenses in connection with the preparation and representation
of a defense of any claim, action, suit or proceeding of the
character described above shall be advanced by the Company prior
to final disposition thereof upon receipt of any undertaking by
or on behalf of the officer or director, to repay such amount if
it is ultimately determined that he is not entitled to
indemnification.
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Item 7.
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Exemption
from Registration Claimed.
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[Not Applicable]
The Exhibits listed on the accompanying Exhibit Index are
filed as a part of, and incorporated by reference into, this
Registration Statement.
(a) The undersigned registrant hereby undertakes:
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1.
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To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement:
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i.
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To include any prospectus required by section 10(a)(3) of
the Securities Act;
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ii.
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To reflect in the prospectus any facts or events arising after
the effective date of this Registration Statement (or the most
recent post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the
information set forth in the Registration Statement.
Notwithstanding the foregoing, any increase or decrease in
volume of securities offered (if the total dollar value of
securities offered would not exceed that which was registered)
and any deviation from the low or high end of the estimated
maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to
Rule 424(b) if, in the aggregate, the changes in volume and
price represent no more than 20% change in the maximum aggregate
offering price set forth in the Calculation of
Registration Fee table in the effective Registration
Statement.
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iii.
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To include any material information with respect to the plan of
distribution not previously disclosed in the registration
statement or any material change to such information in the
Registration Statement;
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Provided however, that paragraphs (a)(1)(i) and (a)(1)(ii) of
this section do not apply if the information required to be
included in a post-effective amendment by those paragraphs is
contained in reports filed with or furnished to the Commission
by the registrant pursuant to section 13 or
section 15(d) of the Exchange Act that are incorporated by
reference in the Registration Statement.
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2.
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That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be
deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide
offering thereof.
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3.
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To remove from registration by means of a post-effective
amendment any of the securities being registered which remain
unsold at the termination of the offering.
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(b)
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The undersigned registrant hereby undertakes that, for purposes
of determining any liability under the Securities Act, each
filing of the registrants annual report pursuant to
section 13(a) or section 15(d) of the Exchange Act
(and, where applicable, each filing of an employee benefit
plans annual report pursuant to section 15(d) of the
Exchange Act) that is incorporated by reference in the
Registration Statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
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(c)
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Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and
controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the registrant has been advised that
in the opinion of the Commission such indemnification is against
public policy as expressed in the Securities Act and is,
therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment
by the registrant of expenses incurred or paid by a director,
officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is
asserted by such director, officer or controlling person in
connection with the securities being registered, the registrant
will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in
the Securities Act and will be governed by the final
adjudication of such issue.
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3
SIGNATURES
Pursuant to the requirements of the Securities Act, the
registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on
Form S-8
and has duly caused this registration statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in
Buenos Aires, Argentina on April 6, 2011.
Adecoagro S.A.
Name: Mariano Bosch
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Title:
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Chief Executive Officer, Director
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POWER OF
ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose
signature appears below constitutes and appoints Mariano Bosch
and Carlos A. Boero Hughes each his attorney-in-fact with full
power of substitution for him in any and all capacities, to sign
any amendments to this Registration Statement, including any and
all pre-effective and post-effective amendments and to file such
amendments thereto, with exhibits thereto and other documents in
connection therewith, with the Commission, hereby ratifying and
confirming all that said attorney-in-fact, or each his
substitute or substitutes, may do or cause to be done by virtue
hereof.
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons
in the capacities and on the date indicated.
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Signature
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Title
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Date
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/s/
Mariano
Bosch
Mariano
Bosch
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Chief Executive Officer, Director
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April 6, 2011
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/s/
Carlos
A. Boero Hughes
Carlos
A. Boero Hughes
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Chief Financial Officer,
Chief Accounting Officer
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April 6, 2011
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/s/
Abbas
Farouq Zuaiter
Abbas
Farouq Zuaiter
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Chairman of the
Board of Directors
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April 6, 2011
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Alan
Leland Boyce
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Director
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/s/
Guillaume
van der Linden
Guillaume
van der Linden
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Director
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April 6, 2011
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/s/
Paulo
Albert Weyland Vieira
Paulo
Albert Weyland Vieira
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Director
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April 6, 2011
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Plínio
Musetti
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Director
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/s/
Mark
Schachter
Mark
Schachter
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Director
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April 6, 2011
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/s/
Julio
Moura Neto
Julio
Moura Neto
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Director
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April 6, 2011
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Andrés
Velasco
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Director
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SIGNATURE
OF AUTHORIZED U.S. REPRESENTATIVE
Under the Securities Act, the undersigned, the duly authorized
representative in the United States of Adecoagro S.A., has
signed this registration statement or amendment thereto in
Newark, Delaware, on April 6, 2011.
Puglisi & Associates
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By:
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/s/ Donald J. Puglisi
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Name: Donald J. Puglisi
EXHIBIT INDEX
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Exhibit No.
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Description
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4
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.1
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Articles of Incorporation of Adecoagro S.A., incorporated herein
by reference to Exhibit 3.1 to the Companys Amendment
No. 1 to the registration statement on
Form F-1
(File
No. 333-171683)
filed with the Commission on January 25, 2011
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5
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.1*
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Opinion of Elvinger, Hoss & Prussen regarding the
legality of the shares being registered
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23
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.1*
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Consent of PriceWaterhouse & Co. S.R.L
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23
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.2*
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Consent of Estudio Supertino S.RL
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23
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.3*
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Consent of Elvinger, Hoss & Prussen (contained in
Exhibit 5.1)
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23
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.4*
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Consent of Cushman & Wakefield Argentina S.A.
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.1*
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Power of Attorney (included on the signature page hereto)
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99
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.1
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Adecoagro/IFH 2004 Stock Incentive Option Plan, incorporated
herein by reference to Exhibit 10.34 to the Companys
Amendment No. 1 to the registration statement on
Form F-1
(File
No. 333-171683)
filed with the Commission on January 25, 2011
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99
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.2
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Adecoagro/IFH 2007/2008 Equity Incentive Plan, incorporated
herein by reference to Exhibit 10.35 to the Companys
Amendment No. 1 to the registration statement on
Form F-1
(File
No. 333-171683)
filed with the Commission on January 25, 2011
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99
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.3
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Adecoagro S.A. Restricted Share Plan, incorporated herein by
reference to Exhibit 10.36 to the Companys
registration statement on
Form F-1
(File
No. 333-171683)
filed with the Commission on January 13, 2011
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* Filed herewith
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