Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 240

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 10
Chunk 240
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 consideration
Article 56 of the LMV, our capital requirements and any other factors it may deem critical. However, we cannotallocate proceeds
or capital to the program until it complies with the requirements established in Article 56 of the LMV and other applicable provisions,
provided that, the maximum amount of proceeds or capital allocated for the acquisition of our shares would be up to an amount equivalent
to 5% of the our capital stock with a cap of U. S. $100,000,000.00, provided, further, that the amount of proceeds or capital allocated
for such purposes, in any case, must be approved, for each fiscal year, by the general ordinary shareholders’ meeting, and any such
approval shall be in compliance with Article 56 of the LMV.

Purchases of Shares by our Subsidiaries

Our subsidiaries or other entities controlled by us may not
purchase, directly or indirectly, shares representing our capital stock or shares of companies or entities that are our shareholders.

Conflicts of Interest

Under Mexican law, any shareholder that has an opposing interest
to ours, must abstain from discussing and voting on the relevant matter. Any such shareholder that votes in a transaction in which its
interests conflict with our interest may be liable for damages and losses, but only if the transaction would not have been approved without
such shareholder’s vote.

A member of the board of directors that has an opposing interest
to ours must disclose such opposing interest and abstain from any deliberation or vote in connection therewith. A breach by any member
of the board of directors of any such obligations may result in the director being liable for damages and losses.

Exclusive Jurisdiction

Our by-laws provide that, in connection with any controversy
between our shareholders and us, or between our shareholders, in connection with any matter related to us, both we and our shareholders
must submit to the jurisdiction of the courts of Mexico City, Mexico.

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Appraisal Rights

Whenever our shareholders approve a change in our corporate
purpose, jurisdiction of organization or transformation from one corporate form to another, any shareholder entitled to vote that voted
against the matters approved has the right to withdraw and receive the book value of its shares as set forth in the financial statements
last approved by our shareholders, provided that the shareholder exercises this appraisal right within 15 days after the meeting
at which the relevant matter was approved. Since holders of our CPOs may have no voting rights,