BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) 20-F 2019 FY Annual report (foreign)

Exhibit 4.48

Summary of the Private Instrument of Commitment to Purchase and Sale of Real Property, entered into on March 22, 2019, in connection with Fazenda Bananal X

Parties: Agrifirma Agropecuária S.A., as Seller; and Ires Ricardo Basso, as Buyer.

Purpose: The commitment to sell a total area of 2,159.97 hectares, of which 1,713.97 hectares are arable, to be originated from Fazenda Bananal X, for the total price, in Brazilian national currency (Reais), of R$28,000,000.00, to be paid in seven installments as follows: (i) on February 20, 2019, in the amount of R$1,000,000.00; (ii) on March 21, 2019, in the amount of R$1,000,000.00; (iii) on July 30, 2020, in the amount of R$2,500,000.00; (iv) on July 30, 2020, in the amount of R$3,000,000.00; (v) on November 30, 2021, in the amount of R$6,000,000.00; (vi) on November 30, 2022, in the amount of R$7,000,000.00; and (vii) on November 30, 2023, in the amount of R$7,500,000.00.

Amendment: The Private Instrument of Commitment to Purchase and Sale of Real Property was amended on January 17, 2020 and August 7, 2020 in order to (i) revise the payment terms; (ii) transfer the land; (iii) establish a deadline for compliance with all of the conditions precedent applicable to the transaction; (iv) discharge in part the payment price; (v) set forth the transfer or possession; (vi) set forth certain conditions precedent for the fulfillment of the transaction; and (vii) establish a deadline to execute the public deed of purchase and sale.