Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 264

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 11
Chunk 264
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 holder of deposited securities that we or
the COP trustee make generally available to holders of deposited securities. The depositary will send shareholders copies of those communications
if we ask it to. Shareholders have a right to inspect the register of holders of ADSs, but not for the purpose of contacting those holders
about a matter unrelated to our business or the ADSs.

Limitations on Obligations and Liability

The deposit agreement expressly limits our obligations and
the obligations of the depositary. It also limits our liability and the liability of the depositary. We and the depositary:

  are only obligated to take the actions specifically set forth in the deposit agreement without negligence or bad faith;  

  are not liable if either of us is prevented or delayed by law or circumstances beyond our control from performing our obligations  

  are not liable if either of us exercises discretion permitted under the deposit agreement;  

  are not liable for the inability of any holder of ADSs to benefit from any distribution on deposited securities that is not made available  

  have no obligation to become involved in a lawsuit or other proceeding related to the ADRs or the deposit agreement on an ADR holder’s  

  may rely upon any documents we believe in good faith to be genuine and to have been signed or presented by the proper party.  
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In the deposit agreement, we agree to indemnify the depositary
for acting as depositary, except for losses caused by the depositary’s own negligence or bad faith, and the depositary agrees to
indemnify us for losses resulting from its negligence or bad faith.

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  Table of Contents  

Requirements for Depositary Actions

Before the depositary will deliver or register a transfer
of an ADS, make a distribution of ADSs, or permit withdrawal of CPOs, the depositary may require:

  payment of stock transfer or other taxes or other governmental charges and transfer or registration fees charged by third parties  

  satisfactory proof of the identity and genuineness of any signature or other information it deems necessary; and  

  compliance with regulations it may establish, from time to time, consistent with the deposit agreement, including presentation of  
  transfer documents.                                                                                                                
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The depositary may refuse to deliver ADSs or register transfers
of ADSs generally when the transfer books of the deposit