Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 261

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 11
Chunk 261
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 may deliver restricted depositary shares that
have the same terms as the ADSs described in this section except for changes needed to put the necessary restrictions in place.

Other
Distributions. The depositary will send to ADS holders anything else the CPO trustee distributes on deposited securities by
any means it determines to be legal, fair and practical. If the depositary determines that it cannot make the distribution in a legal,
fair and practical manner, it may sell the distributed assets and distribute the net proceeds, in the same way as it does with cash or
determine to hold the distributed assets, in which case ADSs will also represent the newly distributed assets. However, the depositary
is not required to distribute any securities (other than ADSs) unless it receives satisfactory evidence from us that it is legal to make
that distribution. The depositary may sell a portion of the distributed securities or property sufficient to pay its fees and expenses
in connection with that distribution.

Unlawful
or Impracticable Distributions. The depositary is not responsible if it decides that it is unlawful or impractical to make
a distribution available to any ADS holders. We have no obligation to register ADSs, CPOs, rights or other securities under the Securities
Act. We also have no obligation to take any other action to permit the distribution of ADSs, CPOs, rights or anything else to ADS holders.
This means that ADS holders may not receive the distributions we make on our common stock or any value for such distributions if it is
illegal or impractical for us to make them available to such holders.

Deposit, Withdrawal and Cancellation

The depositary will deliver ADSs upon the deposit of CPOs or
evidence of rights to receive CPOs with the custodian. Upon payment of its fees and expenses and of any taxes or charges, such as stamp
taxes or stock transfer taxes or fees, the depositary will register the appropriate number of ADSs in the names requested and will deliver
the ADSs to the persons requested.

Upon surrender of ADSs to the depositary, upon payment of its
fees and expenses and of any taxes or charges, such as stamp taxes or stock transfer taxes or fees, the depositary will deliver the CPOs
and any other deposited securities underlying the surrendered ADSs to the person surrendering the ADSs or a person designated by them
at the office of the custodian or, at the holder’s request, risk and expense, the