Document:

EX-10.2

 Exhibit 10.02 

Execution Version 
 November 5,
2014 
 Private Instrument of Built-to-Suit Property Lease Agreement and Other Covenants 

entered into by and between 

FW2 LOGÍSTICA E EMPREENDIMENTOS IMOBILIÁRIOS S.A. 

as Developer Lessor 

and 
 NS2.COM INTERNET
S.A. 
 as Lessee 

and, 
 RCA Gerenciamento e
Fiscalização Ltda. 
 as Work Manager 

on November 5, 2014 

Table of Contents 
 SECTION ONE – PURPOSES

 SECTION TWO – WORK PERFORMANCE AND BUILDING DELIVERY DATE 

SECTION THREE – PROJECT AND SCOPE CHANGES 
 SECTION FOUR
– WORK FOLLOW-UP, CHECKS, INSPECTIONS AND RECEIPT 
 SECTION FIVE – LIABILITY FOR THE WORK 

SECTION SIX – BUILDING DESTINATION 
 SECTION SEVEN –
TERM OF EFFECTIVENESS AND LEASE TERM 
 SECTION EIGHT – POSSIBILITY OF LEASE RENEWAL 

SECTION NINE – BUILDING RENT 
 SECTION TEN – RENT
ADJUSTMENTS 
 SECTION ELEVEN – JUDICIAL REVIEW OF THE RENT 

SECTION TWELVE – NO OFFSET 
 SECTION THIRTEEN –
OBLIGATIONS 
 SECTION FOURTEEN – BETTERMENTS AND CONSERVATION OF THE BUILDING 

SECTION FIFTEEN – BUILDING RETURN 
 SECTION SIXTEEN –
EARLY TERMINATION 
 SECTION SEVENTEEN – ENVIRONMENTAL LIABILITY 

SECTION EIGHTEEN – INSURANCE, PARTIAL OR TOTAL DESTRUCTION OF THE DEVELOPMENT, EXPROPRIATION AND GUARANTEES 

SECTION NINETEEN – EVENTS OF DEFAULT 
 SECTION TWENTY-ONE
– CREDITS ASSIGNMENT AND SUBLEASE 

 SECTION TWENTY-TWO – TERM OF EFFECTIVENESS AND RECORDATION 

SECTION TWENTY-THREE – EXCLUSIVITY, GOOD FAITH AND LOYALTY DUTIES 

SECTION TWENTY-FOUR – RIGHT OF FIRST REFUSAL 
 SECTION
TWENTY-FIVE – NOTICES 
 SECTION TWENTY-SIX – MISCELLANEOUS 

SECTION TWENTY-SEVEN – EXHIBITS 
 SECTION EIGHT –
ARBITRATION CLAUSE 
 DEFINITIONS 
 The
table below consolidates the terms defined throughout this Agreement, indicating the item in which they are defined. 
  

			
		
	 Developer Lessor
	  	As defined in item “A” of the preamble
		
	 Lessee
	  	As defined in item “B” of the preamble
		
	 Manager
	  	As defined in item “C” of the preamble
		
	 Parties
	  	As defined in item “A” of the preamble
		
	 Property
	  	As defined in item 1 of the Recitals
		
	 Development
	  	As defined in item 1 of the Recitals
		
	 ABL
	  	As defined in item 2 of the Recitals
		
	 Second Phase of the Development
	  	As defined in item 2 of the Recitals
		
	 Building
	  	As defined in item 3 of the Recitals
		
	 Work
	  	As defined in sub-item “a” of item 7 of the Recitals
		
	 Construction Company
	  	As defined in item 8 of the Recitals
		
	 Funding
	  	As defined in item 9 of the Recitals
		
	 Assignee
	  	As defined in item 10 of the Recitals
		
	 Lease
	  	As defined in sub-item “ii” of item 1.1 (Purposes)
		
	 Declaration of inclusion in the Collection Special System
	  	As defined in item 1.2 (Conditions Subsequent)
		
	 Condition Subsequent
	  	As defined in item 1.2 (Conditions Subsequent)
		
	 Banco Bradesco
	  	As defined in item 1.3 (Lien on the Property)
		
	 Technical Documentation
	  	As defined in item 2.2 (Compliance with the Technical Documentation)
		
	 Work Specifications
	  	As defined in item 2.2 (Compliance with the Technical Documentation)
		
	 Work Schedule
	  	As defined in item 2.2 (Compliance with the Technical Documentation)
		
	 Legal Project
	  	As defined in item 2.2 (Compliance with the Technical Documentation)
		
	Work Approvals	  	As defined in item 2.5 (Construction Permit and Environmental Licensing)
		
	 Work Conclusion Term
	  	As defined in item 2.6 (Work Conclusion Term)

			
		
	 Work Early Delivery
	  	As defined in sub-item 2.6.2 (Work Early Delivery)
		
	 Provisional Occupation Period
	  	As defined in sub-item 2.6.2 (Work Early Delivery)
		
	 Acts of God or Force Majeure
	  	As defined in sub-item “i” of item 2.7 (Events of Authorized Extension of the Work Conclusion Term)
		
	 Events of Authorized Extension of the Work Conclusion Term
	  	As defined in item 2.7 (Events of Authorized Extension of the Work Conclusion Term)
		
	 Fine for Delay in Work Delivery
	  	As defined in item 2.8 (Fine for Delay in Work Delivery)
		
	 Inspector
	  	As defined in item 4.2 (Work Follow-Up by Lessee)
		
	 Inspection Report
	  	As defined in item 4.3 (Inspection Report)
		
	 Relevant Punch List
	  	As defined in sub-item 4.3.1 (Relevant and Irrelevant Punch List)
		
	 Irrelevant Punch List
	  	As defined in sub-item 4.3.1 (Relevant and Irrelevant Punch List)
		
	 Final Inspection Report
	  	As defined in item 4.4 (Building Delivery Requirements and Final Inspection Report)
		
	 Building Formal Delivery
	  	As defined in item 4.4 (Building Delivery Requirements and Final Inspection Report)
		
	 AVCB
	  	As defined in sub-item “iii” of item 4.4 (Building Delivery Requirements and Final Inspection Report)
		
	 Certificate of Occupancy
	  	As defined in sub-item “iii” of item 4.4 (Building Delivery Requirements and Final Inspection Report)
		
	 Building Delivery Requirements
	  	As defined in sub-item “iii” of item 4.4 (Building Delivery Requirements and Final Inspection Report)
		
	 Delivery and Acceptance Deed
	  	As defined in sub-item 4.4.2 (Final Delivery and Acceptance Deed)
		
	 Automatic Acceptance
	  	As defined in sub-item 4.4.3 (Building Automatic Acceptance)
		
	 Building Access
	  	As defined in item 4.6 (Building Access for Installation of Structures)
		
	 Occupancy with Assumption of Risk
	  	As defined in sub-item 4.7.1 (Occupancy with Assumption of Risk)
		
	 Lease Term
	  	As defined in item 7.1 (Lease Term Start Date)
		
	 Lease Term Start Date
	  	As defined in item 7.1 (Lease Term Start Date)
		
	 Renewal Right
	  	As defined in item 8.1 (Lease Renewal)
		
	 Rent Amount
	  	As defined in Item 9.1 (Rent)
		
	 IPCA/IBGE
	  	As defined in item 10.1 (Rent Adjustment)
		
	 IPC/FIPE
	  	As defined in item 10.2 (Index Discontinuation)
		
	 CVM
	  	As defined in item 13.2 (Lessee’s Obligations)
		
	 Rating
	  	As defined in item 13.2 (Lessee’s Obligations)
		
	 Betterment Notice
	  	As defined in sub-item 14.1.1 (Betterment Notice)
		
	 Building Return Notice
	  	As defined in item 15.2 (Return Notice)
		
	 Final Inspection
	  	As defined in item 15.3 (Inspection for Building Return)
		
	 Delivery Environmental Report
	  	As defined in Item 15.6 (Delivery Environmental Report)

			
		
	 Indemnified Party
	  	As defined in sub-item 16.1.1 (Lease Early Termination and Payment of Indemnity)
		
	 Early Maturity Events
	  	As defined in sub-item 16.1.2 (Early Maturity Events)
		
	 Initial Environmental Report
	  	As defined in sub-item 17.1.1 (Initial Environmental Report)
		
	 Development Insurance
	  	As defined in item 18.2 (Awareness of Existing Insurance)
		
	 Insurance Policy
	  	As defined in sub-item 18.2.2 (Insurance Beneficiary)
		
	 Credits Assignment
	  	As defined in item 21.1 (Credits Assignment)
		
	 Dispute
	  	As defined in item 28.1 (Agreement Construal)
		
	 CCBC
	  	As defined in sub-item 28.1.1 (Arbitration Seat)

 PRIVATE INSTRUMENT OF PROPERTY LEASE AGREEMENT AND OTHER COVENANTS 

By this private instrument and on the best terms of the law, the parties: 
  

	(A)	FW2 LOGÍSTICA E EMPREENDIMENTOS IMOBILIÁRIOS S.A., a joint-stock company with its principal place of business at Rua Funchal, 375, suite 41, room 11, Vila Olímpia, in the City of São
Paulo, State of São Paulo, enrolled with the National Corporate Taxpayers Register of the Ministry of Finance (CNPJ/MF) under No. 17.943.815/0001-07, with its bylaws filed with the Commercial Registry of the State of São Paulo
– JUCESP on June 4, 2014, herein represented pursuant to its articles of incorporation, as “Developer Lessor”, hereinafter referred to as such; 

 

	(B)	NS2.COM INTERNET S.A., enrolled with the CNPJ/MF under No. 09.339.936/0001-16, with its principal place of business Rua Vergueiro, 943, District of Liberdade, in the City of São Paulo, State of
São Paulo, postal code 01504-000, herein represented pursuant to its Bylaws and other applicable corporate instruments by its undersigned officers, as “Lessee”, hereinafter referred to as such; and 

 

	(C)	RCA GERENCIAMENTO E FISCALIZAÇÃO LTDA., enrolled with the CNPJ/MF under No. 04.662.437/0001-41, with its principal place of business in this Capital City, at Rua Visconde de Nácar, 185,
suite 41, herein represented pursuant to its articles of association, as “Manager”, hereinafter referred to as such; 

Developer Lessor and Lessee are hereinafter jointly referred to as “Parties” and individually as a “Party”. 

RECITALS 
  

	1.	Developer Lessor is the direct owner and debtor of the property registered under registration No. 7.254 with the Real Estate Registry of the Judicial District of Extrema, State of Minas Gerais, with a total area of
plot of land of one hundred and eleven thousand, one hundred and twenty-eight thousand (sic) square meters (111,128.00 m2) (“Property”), the purpose of the fiduciary sale
agreement described in more details in item 1.3 (lien on the property) hereof, where a logistic real estate development is installed (“Development”). 

 

	2.	The Development is divided into two development phases, being (i) the first phase, already completed and available for lease, has twenty-six thousand, eight hundred and forty-two square meters and seventy-three
square decimeters (26,842.73 m2) of leasable gross area (“ABL”) and (ii) the second phase, which has not been developed by Developer Lessor yet, may have up to twenty-eight
thousand, six hundred and fifty-six square meters and eighty square centimeters (28,656.80 m2) of ABL (“Second Phase of the Development”). 

 

	3.	Lessee wishes to expand its activities with a new distribution center of its products, without investing in the purchase of a plot of land, buildings and betterments for that purpose. For that reason, Lessee decided to
put its interest in place by leasing the property to be built by Developer Lessor on a built-to-suit basis, in the area corresponding to the Second Phase of the Development, including the parking area to be used by Lessee
(“Building’’). 

  

	4.	The Building shall be built by Developer Lessor on an undivided interest of the Property as described above and correspond to sheds F, G, H and I, located at Rua Margarida Pinto Dona Belinha, 742, pavilion B, module 3,
in the District of Pires, at KM 891.50 of Rodovia Fernão Dias, Industrial Distrito, in the Judicial District of Extrema, State of Minas Gerais, postal code 37640-000. 

 

	5.	The property, especially the Second Phase of the Development, in Lessee’s opinion regarding the convenience and timing, is suitable and appropriate for the development and installation of its distribution center,
including in relation to its sizes, characteristics, location and accessibility. 

  

	6.	Developer Lessor, other than for Lessee’s interest to lease the shed to be built in the Second Phase of the Development, would not have plans to start its construction now or to do so in the manner proposed by
Lessee. For that reason, the Parties decide to establish in this instrument (i) the manner as the Building construction and Development in the Property shall be made, in such a manner to meet Lessee’s needs on a built-to-suit basis,
(ii) its receipt by Lessee after conclusion of the construction, as well as (iii) its lease to Lessee, for the term established in this Agreement. 

  

	7.	Once the Condition Subsequent described in item 1.2 of this Agreement has been met, Developer Lessor agrees to: 

  

	(a)	perform the construction on the Property, in accordance with Lessee’s needs (“Work”), as set forth in the Technical Documentation (as defined in item 2.2 – Compliance with the Technical
Documentation – of this Agreement), which shall be jointly prepared by Developer Lessor and Lessee; and 

  

	(b)	lease the Building to Lessee for the term and as provided for herein, in compliance with article 54-A of Law No. 8245/91. 

  

	8.	Also after fulfillment of the Condition Subsequent, Developer Lessor shall contract a construction company (“Construction Company”), at its sole discretion, in order to enable Developer Lessor to
implement the Building in the Development, at its own expense, as described in the Technical Documentation. 

  

	9.	For the Building construction, Developer Lessor, at its sole discretion and whenever it deems to be appropriate and required, may use its own funds or the funds of third parties, by means of financial transactions
and/or capital market, aiming at the property purchase and the Work development. By the way, Developer Lessor may give the Property and/or its own shares in fiduciary sale in order to raise such funds (“Funding”). 

 

	10.	For achievement of the Funding transaction, if any is carried out, Developer Lessor may even, without limitation, assign the credits arising herefrom to specific-purpose companies, real estate investment funds,
financial institutions, securitization companies that issue real estate receivables certificates or any other interested companies (“Assignee”). 

  

	11.	The rents set forth in Section Nine hereof (Building Rent) represent the remuneration of Developer Lessor as consideration for the use, enjoyment and fruition of the Building, as well as amortization of a
significant portion of the investment made by Developer Lessor to perform the Work. Therefore, it is essential that Developer Lessor (or its Assignee, as the case may be) receive the full amounts due by way of lease, within the
established terms, throughout the contracted term. 

  

	12.	In view of the business peculiarities set forth in the Preliminary Considerations above, the parties by mutual agreement enter into this “Private Instrument of Property Lease Agreement and Other
Covenants”, which shall be governed by the legal system established by article 54-A of Law No. 8245/91, with due regard for the Condition Subsequent of this Agreement, as set forth in item 1.2 (Condition Subsequent). In this
context, although this business relationship has the legal nature of a non-residential lease of a urban property, it shall not be subject – except for the procedural provisions set forth in Law No. 8245/91 and where expressly mentioned by
the Parties – to the other provisions of said Law No. 8245/91, especially but not limited to those set forth in articles 19, 68, 69 and 70 of said law. 

The Parties named and identified in the preamble agree to enter into this “Private Instrument of Built-to-Suit Property Lease Agreement and Other Covenants” (“Agreement”), which shall be governed by the following terms and conditions, which the Parties mutually grant and accept.

 III – SECTIONS 
 SECTION ONE – PURPOSES

  

	1.1	Purposes. The purposes of this “Agreement” are: 

  

	(i)	once the Condition Subsequent set forth in item 1.2 (Condition Subsequent) below has been met, the Work to be performed by Developer Lessor, by means of the Construction Company, in accordance with the
Lessee’s specifications and within the term and in the manner set forth in the Technical Documentation and in this Agreement, as provided for in Section Two (Work Performance and Building Delivery Date) of this Agreement; and

  

	(ii)	subsequent lease of the Building to Lessee, on a very personal basis, for the minimum term of five (5) years as from the Lease Term Start Date, as defined in item 7.1 (Lease Term Start Date) below, renewable
as set forth in this Agreement (“Lease”), 

  

	1.2	Condition Subsequent. The Parties (a) acknowledge that the Lessee is in the process of obtaining a declaration of the Finance Department of the State of Minas Gerais confirming the Inclusion of Lessee
in the Collection Special System relating to collection of the ICMS (Tax on Distribution of Goods and Services) due (“Declaration of Inclusion in the Collection Special System”), which Lessee expects to obtain soon, and
(b) represent that the issue of said declaration is relevant to the operations intended to be carried out by Lessee at the Property and, therefore, of interest for Lessee to enter into this agreement, in the terms and conditions set
forth herein. For that reason the Parties agree that Lessee shall take measures to obtain the Declaration of Inclusion in the Collection Special Regime within thirty (30) days as from the date hereof, being established that a proven and final
denial in the application process shall be deemed a condition subsequent of this Agreement, as provided for by articles 127 and 128 of the Brazilian Civil Code (“Condition Subsequent”). 

 

	1.2.1	Information to Developer Lessor. Within two (02) business days as from the issue of the Declaration of Inclusion in the Collection Special Regime, or upon expiration of the term of thirty
(30) days described above, whichever takes place later, Lessee shall notify Developer Lessor of the status of the proceeding and, as the case may be, shall enclose the Declaration of Inclusion in the Collection Special Regime obtained. In case
that Lessee does not obtain the Declaration of Inclusion in the Collection Special Regime within the established term, Lessee shall still send said notice to Developer Lessor upon expiration of the term, justifying the non-obtainment, estimating a
term for obtainment thereof, as applicable, or indicating that it shall not be possible to obtain it. In this last case, Lessee shall provide evidence of the denial issued by the Finance Department of the State of Minas Gerais, or any other proper
evidence certifying the impossibility, on a definite basis, to obtain the Declaration of Inclusion in the Collection Special Regime. Lessee’s failure to send said notice within the applicable term, as described above, shall be deemed
implementation of the Condition Subsequent for all effects of this Agreement, in which case this Agreement shall be no longer terminated for that reason. 

  

	1.2.2	Possibility of Termination. If Lessee indicates, in the aforementioned notice, that it did not obtain the Declaration of Inclusion in the Collection Special Regime and provides sufficient evidence for that
purpose, the Condition Subsequent shall be deemed to have been implemented and this Agreement shall be terminated by operation of law, without the need for any payment or indemnity by one Party to the other. On the other hand, if Lessee notifies
Developer Lessor that Lessee did not obtain the Declaration of Inclusion in the Collection Special Regime within the established term but indicates an estimate term for obtaining it, it shall be exclusively incumbent upon Developer Lessor to resolve
on whether to terminate this Agreement or to grant an additional term for Lessee to obtain the Declaration of Inclusion in the Collection Special Regime, in which case all provisions of this Agreement shall remain in full force and effect, with due
regard for the suspension of terms of Developer Lessor as set forth below. 

  

	1.2.3	Suspension of the Terms and Developer Lessor’s Obligations. Until fulfillment of the Condition Subsequent or declaration of early termination of this Agreement, as set forth above, this Agreement
shall remain in full force and effect, provided, however, that all terms and obligations of Developer Lessor in relation to the construction and delivery of the Building shall remain suspended until the Declaration of Inclusion in the Collection
Special Regime has been obtained and the Condition Subsequent has been consequently met. 

  

	1.2.4	Termination and Reimbursement of Costs. In case of termination of this Agreement as a result of non-fulfillment of the Condition Subsequent, Lessee hereby undertakes
to reimburse Developer Lessor, within fifteen (15) days as from the termination date, for all costs provenly incurred by Developer Lessor with preparation of pre-project, architectural and executive project, legal project for the Fire
Department, as well as with the arrangements for approval of the legal project, including technical visits of the engineer in charge and the team to the Municipality, incurred until the termination date. 

 

	1.3	Lien on the Property. Lessee acknowledges that the Property is fully subject to a fiduciary sale in favor of Banco Bradesco S.A., a financial institution enrolled with the CNPJ/MF under
No. 60.746.948/0001-12, with its principal place of business at administrative center Cidade de Deus, no number, Vila Yara, in the City of Osasco, State of São Paulo (“Banco Bradesco”), in view of the financing for
purchase of the Property extended by Banco Bradesco to Developer Lessor. Furthermore, Lessee represents that it does not object to such lien and hereby authorizes Developer Lessor to cancel such lien, replace with another lien or create any new
encumbrances or liens as part of the Funding. 

  

	1.3.1.	Creation of New Liens and Right of Effectiveness. In the event of creation of any new Liens or encumbrances on the property, Developer Lessor shall arrange for registration of the existence of this
Agreement on the respective instrument of creation of the Lien or encumbrance, for the specific purpose of disclosure thereof, and shall cause the effectiveness of its terms and conditions to be included therein. 

 

	1.4	Consent with the Funding Conditions by Lessee. Lessee hereby authorizes Developer Lessor to freely negotiate the terms and conditions of the Funding to be entered into by Developer Lessor, as set forth in the
Preliminary Considerations 10 and 11 above, in order to enable this contracting. 

 SECTION TWO – WORK PERFORMANCE AND BUILDING
DELIVERY DATE 
  

	2.1	Building Implementation. As set forth in the Recitals of this Agreement, once the Condition Subsequent has been met, the Building shall be implemented on the Development by Developer Lessor, in accordance with
the Technical Documentation, at its expense and under its liability. 

  

	2.1.1	Building Basic Characteristics. The Building shall have the following basic characteristics, without prejudice to the details contained in the Legal Project, as set forth in Exhibit III to
this Agreement. 

  

																																									
	 	  	PRIVATE AREA	 
	 	  	BLOCK 1	 	  	BLOCK 2 (NEW)	 	  	 	 
	 	  	Module 1	 	  	Module 2	 	  	Module 3	 	  	Module 4	 	  	Module 5	 	  	Module 6	 	  	Module 7	 	  	Module 8	 	  	Module 9	 	  	Total
Warehouse	 
	 STORAGE
	  	 	4,300.00	 	  	 	4,263.00	 	  	 	4,263.00	 	  	 	4,263.00	 	  	 	4,268.00	 	  	 	5,315.62	 	  	 	5,315.62	 	  	 	5,315.62	 	  	 	5,315.62	 	  	 	42,619.48	 
	 DOCKS
	  	 	408.40	 	  	 	594.02	 	  	 	594.02	 	  	 	594.02	 	  	 	286.01	 	  	 	595.50	 	  	 	595.50	 	  	 	595.50	 	  	 	595.50	 	  	 	4,858.48	 
	 ANNEXES
	  	 	749.04	 	  	 	0.00	 	  	 	0.00	 	  	 	123.30	 	  	 	326.58	 	  	 	159.00	 	  	 	159.00	 	  	 	159.00	 	  	 	159.00	 	  	 	1,834.92	 
	 MEZZANINE
	  	 	0.00	 	  	 	0.00	 	  	 	0.00	 	  	 	0.00	 	  	 	0.00	 	  	 	834.00	 	  	 	834.00	 	  	 	834.00	 	  	 	834.00	 	  	 	3,336.00	 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 TOTAL
	  	 	5,457.44	 	  	 	4,857.02	 	  	 	4,857.02	 	  	 	4,980.32	 	  	 	4,880.59	 	  	 	6,904.12	 	  	 	6,904.12	 	  	 	6,904.12	 	  	 	6,904.012	 	  	 	52,648.88	 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 	  	COMMON
AREA	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	 ENERGY CABINET
	  	 	15.20	 	  	 	13.53	 	  	 	15.53	 	  	 	13.87	 	  	 	13.59	 	  	 	19.23	 	  	 	19.23	 	  	 	19.23	 	  	 	19.23	 	  	 	146.61	 
	 BIKE PARKING
	  	 	7.57	 	  	 	6.73	 	  	 	6.73	 	  	 	6.91	 	  	 	6.77	 	  	 	9.57	 	  	 	9.57	 	  	 	9.57	 	  	 	9.57	 	  	 	73.00	 
	 CHANGING ROOMS
	  	 	12.72	 	  	 	11.32	 	  	 	11.32	 	  	 	11.60	 	  	 	11.37	 	  	 	16.09	 	  	 	16.09	 	  	 	16.09	 	  	 	16.09	 	  	 	122.67	 
	 RESTAURANT
	  	 	65.45	 	  	 	58.25	 	  	 	58.25	 	  	 	59.73	 	  	 	58.53	 	  	 	82.80	 	  	 	82.80	 	  	 	82.80	 	  	 	82.80	 	  	 	631.40	 
	 MANAGEMENT
	  	 	72.24	 	  	 	64.29	 	  	 	64.29	 	  	 	65.92	 	  	 	64.60	 	  	 	91.39	 	  	 	91.39	 	  	 	91.39	 	  	 	91.39	 	  	 	696.91	 
	 RECEPTION
	  	 	22.02	 	  	 	19.60	 	  	 	19.60	 	  	 	20.09	 	  	 	16.69	 	  	 	27.86	 	  	 	27.86	 	  	 	27.86	 	  	 	27.86	 	  	 	212.43	 
	 TRUCK DRIVERS HOUSE
	  	 	5.18	 	  	 	4.61	 	  	 	4.61	 	  	 	4.73	 	  	 	4.64	 	  	 	6.56	 	  	 	6.56	 	  	 	6.56	 	  	 	6.56	 	  	 	50.00	 
	 WATER RESERVOIR
	  	 	5.21	 	  	 	4.64	 	  	 	4.64	 	  	 	4.76	 	  	 	4.66	 	  	 	6.59	 	  	 	6.59	 	  	 	6.59	 	  	 	6.59	 	  	 	50.27	 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 TOTAL
	  	 	205.58	 	  	 	182.96	 	  	 	182.96	 	  	 	187.61	 	  	 	183.85	 	  	 	260.08	 	  	 	260.08	 	  	 	260.08	 	  	 	260.08	 	  	 	1,983.29	 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 FINAL TOTAL
	  	 	5,663.02	 	  	 	5,039.99	 	  	 	5,039.99	 	  	 	5,167.93	 	  	 	5,064.44	 	  	 	7,164.20	 	  	 	7,164.20	 	  	 	7,164.20	 	  	 	7,164.20	 	  	 	54,634.17	 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  	 	BLOCK 1 TOTAL	 	  	 	25,975.37	 	  	 	BLOCK 2 TOTAL	 	  	 	28,656.80	 	  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  			

  

	2.1.2	Compliance with Technical Standards at the Work. The Work performance, in all its steps, shall comply with the technical standards approved by the Brazilian Association of Technical Standards
(“ABNT”), as well as with all laws, regulations and local ordinances.  

  

	2.2.	Compliance with the Technical Documentation. The Work shall be performed by Developer Lessor by means of the Construction Company, in compliance with the following technical documents (jointly referred to as
“Technical Documentation”) (i) the specifications as set forth in Exhibit I hereto (“Work Specifications”) (ii) the Work Schedule set forth in Exhibit II hereto (“Work
Schedule”) and (ii) legal project prepared by Developer Lessor and approved by the Municipality of Extrema – MG on October 15, 2014, which forms an integral part of Exhibit III hereto (“Legal
Project”). 

  

	2.2.1	Consequence of any Change in the Technical Documentation. The Parties agree that the cost of the work was budgeted by Developer Lessor based on the Technical Documentation, and for that reason, in case
that Lessee requests any change in the Technical Documentation, at its sole discretion, or in case there is any change in said documentation as required by the applicable approving bodies and/or in case of impossibility to perform the Work in
accordance with the Technical Documentation, the rent amount may be reviewed, as provided for in item 3.1 below (Project Changes). 

  

	2.3	Work Specifications. Lessee represents that it has already reviewed and approved the Work Specifications prepared by Developer Lessor and submitted to Lessee for review, which contains the details of the Work
that is the subject-matter of the Second Phase of the Development. 

  

	2.4	Legal Project. Developer Lessor prepared the Building Legal Project, in strict compliance with the Building Specifications, duly approved by the Municipality of Extrema, State of Minas Gerais on October 15,
2014. 

  

	2.5	Construction Permit and Environmental Licensing. It shall be incumbent upon Developer Lessor to take all measures relating to (i) the Property Work Approval, and (ii) obtaining the environmental
licensing of the Building, if required by law, from the applicable authorities, in order to obtain any authorizations, licenses and permits strictly required to perform the Work, with due regard for the destination to be provided to the Building by
Lessee (“Work Approvals”). Developer Lessor may, at its sole discretion, engaged third parties to take the measures set forth herein, in which case Developer Lessor shall keep its obligations and liabilities to Lessee.

  

	2.6.	Work Conclusion Term. The term to conclusion and delivery of the Work to Lessee, in accordance with the Technical Documentation and without any Relevant Punch List (as defined in sub-item 4.3.1 – Relevant
and Irrelevant Punch List – of this Agreement), is eight (8) months as from the date of fulfillment of the Condition Subsequent (“Work Conclusion Term”). 

 

	2.6.1	Acceleration or Postponement of the Work Schedule. The Parties agree that Developer Lessor shall be entitled to accelerate or even postpone the performance of certain services set forth in the Work
Schedule, at its sole discretion, in view of a better performance engineering and development of the Work, to the extent that it does not result in any negative impact on the delivery of the Building within the Work Conclusion Term.

  

	2.6.2	Work Early Delivery. In case that the Work is delivered before the Work Conclusion Date (“Work Early Delivery”), and upon actual occupancy of the Building by Lessee, a system of
provisional occupancy of the Building by Lessee shall automatically begin and extend from the Work Conclusion Date to the Lease Term Start Date (“Provisional Occupation Period”). During the Provisional Occupation Period, Lessee
shall be required to (i) arrange, at its sole expense, the facilities required for performance of its activity, as long as it does not interfere with the Work performance in any way, and (ii) make payment of remuneration to Developer
Lessor in an amount equivalent to the rent, as provided for in item 9.1 (Rent). For purposes of start of the Provisional Occupation Period, the procedures for the Work check, inspection and receipt shall be complied with, as set forth
in Section Four (Work Follow-Up, Inspections, Check and Receipt) of this Agreement. The Work Early Delivery shall not result in any change in the beginning or expiration of the term of effectiveness of the Lease, as set forth in item 7.1
(Lease Term Start Date). 

  

	2.7.	Events of Authorized Extension of the Work Conclusion Term. The Work Conclusion Term shall not be postponed or extended, except in the following events: 

 

	(i)	Acts of God or Force Majeure, events of acts of God or force majeure, as defined in article 393 of the Brazilian Civil Code, examples of which are indicated in item 2.7.3. (List of Examples of Acts of
God or Force Majeure) below (“Acts of God or Force Majeure”); 

  

	(ii)	Project Changes, any request for changes in the projects that comprise the Technical Documentation (a) by any public administration body at any level and/or any other applicable body or,
(b) by Lessee, in this case as set forth in Section Three (Project and Scope Changes) of this Agreement; or 

  

	(iii)	Delay of Performance Permit and Other Licenses: delay to obtain the Work Approvals, assuming that the Legal Project was approved by the Municipality of Extrema, State of Minas Gerais, on October 15,
2014, to the extent that the delay to obtain said documents does not result from negligence of Developer Lessor and/or of its subcontractors; 

(items (i) to (iii), jointly, “Events of Authorized Extension of the Work Conclusion Term”. 

 

	2.7.1	Authorized Extension of the Work Conclusion Term. In case of occurrence of any of the Events of Authorized Extension of the Work Conclusion Term, the Work Conclusion Term shall be extended as follows:

  

	(i)	the situation set forth in sub-item (i) of item 2.7 (Events of Authorized Extension of the Work Conclusion Term) shall result in extension of the Work Conclusion Date for the same amount of time of the
interruption that prevented the Work performance, added to the term required for restoring the work conditions to the level before the event that interrupted the Work, proportionally adjusting the Work Schedule; 

 

	(ii)	the situation set forth in sub-item (ii) of item 2.7 (Project Changes) shall result extension of the Work Conclusion Date for the exact number of days required for implementation of the project changes. In
such event, any impacts on the Work Schedule, which may also change, shall be evaluated; and 

  

	(iii)	the situation set forth in sub-item (iii) of item 2.7 (Delays in the Performance Permit and Other Licenses) shall result in extension of the Work Conclusion Date for the exact number of days required for
Developer Lessor to obtain, (a) any licenses, authorizations and permits required for performance of the Work on the Property, and (b) any other licenses, authorizations and permits set forth in the Work Schedule, including
the Environmental Licensing. 

  

	2.7.2.	Suspension of the Contractual Terms. Upon occurrence of any of the Events of Authorized Extension of the Work Conclusion Term, the Fine for Delay in Work Delivery (as defined in item 2.8 below –
Fine for Delay in Work Delivery) shall not be imposed, until the new work conclusion date has been reached, which shall be compatible with the extension of the Work Conclusion Term, calculated as set forth in item 2.7.1 (Authorized Extension
of the Work Conclusion Term). 

  

	2.7.3	List of Examples of Acts of God or Force Majeure. The following events are established, for the sake of example, as events of acts of God and force majeure, being established that the determination of
occurrence of said events shall take into account the experience of Developer Lessor and the Construction Company, as well as the objective good faith: 

  

	(i)	general or partial strikes of federal, state or municipal employees and of the construction industry, to the extent that they provenly and directly affect the Work progress and/or the obtainment of any required
licenses; 

  

	(ii)	unusual length or delay of any public facility concessionaire relating to (a) any activities that provenly and directly affect the Work progress, and/or (b) the new connections and/or expansion
of the existing connections of water, sewage, telephone and electricity; 

  

	(iii)	unusual delay of the ports, such as strikes, “standard operation”, to the extent that the causal link is proven; 

  

	(iv)	state of war or disturbance of public order, provenly and directly affecting the Work progress; 

  

	(v)	rains causing an impact on the Work progress and abnormal meteorological phenomena preventing the Work performance within the established term; or earthquakes and other severe weather conditions; 

 

	(vi)	fires, explosions or claims preventing the work or reducing its pace, to the extent that they are not the liability of Developer Lessor, the Construction Company and/or its subcontractors; 

 

	(vii)	court decisions determining the interruption of the Work or preventing its performance as scheduled, to the extent that they are not caused by Developer Lessor, the Construction Company and/or its subcontractors;

  

	(viii)	delay by the public authorities to issue any licenses and permits, as long as Developer Lessor has submitted all documents required by law in a timely manner; or 

 

	(ix)	changes in the federal, state or municipal law causing any hindrance or preventing the Work performance within the scheduled term. 

  

	2.8	Fine for Delay in Work Delivery. Except for the Events of Authorized Extension of the Work Conclusion Term, Developer Lessor shall pay a daily fine to Lessee in the amount of nineteen thousand, one hundred and
four Reais and fifty-three cents (R$19,104.53) in the event that the Building is not delivered to Lessee within the Work Conclusion Term (“Fine for Delay in Work Delivery”), limited to thirty (30) days. For purposes of
this Agreement, the Building Formal Delivery (as defined in item 4.4 below – Building Delivery Requirements and Final Inspection Report) shall take place to the extent that the Building Delivery Requirements, as set forth in item 4.4
(Building Delivery Requirements and Final Inspection Report) have been fully met. 

  

	2.8.1	Imposition of the Fine for Delay in Work Delivery and Term Of Effectiveness. The actual imposition of the Fine for Delay in Work Delivery shall not affect the term of effectiveness of this Agreement.

  

	2.8.2	Partial Occupancy and Fine Reduction. The Fine for Delay in Work Delivery shall be proportionally reduced in case of Partial Occupancy, as set forth in Item 4.8 (Occupancy and Acceptance of
Relevant Punch List), in accordance with the portion of the Building to be occupied by Lessee. 

 SECTION THREE – PROJECT
AND SCOPE CHANGES 
  

	3.1	Project Changes. Any requests for project changes, whether before or during the Work performance, shall be submitted by Lessee to Developer Lessor in writing and will be subject to approval by Developer Lessor.

  

	3.1.1	Reduction in Built-Up Area. Estimated Cost of the Work and Rent Maintenance. In case that Lessee requests any project change that results, regardless of percentage, in a reduction in the expected built-up
area of the Building and/or in a reduction in the Work Estimated Cost, it is hereby established that the rent amount set forth in Section Nine (Building Rent) of this Agreement shall not suffer any change. 

 

	3.1.2	Increase in Built-Up Area. Estimated Cost of the Work and Impact on the Rent Amount. In case that Lessee requests any project change, at its sole discretion, resulting in an increase in the expected
built-up area, in the Legal Project and/or in an increase in the Estimated Cost of the Work, the Parties hereby agree that Developer Lessor shall previously consent in writing with said request, at its sole discretion. If Developer Lessor agrees
with any such project change, the Parties shall negotiate the corresponding increase in the Rent Amount (as defined in item 9.1 – Rent). 

  

	3.1.3	Impact on the Work Schedule. Lessee represents and acknowledges that any requests for project changes may result in reviews and adaptations to the Work Schedule and, consequently, in changes in the Work
Conclusion Date, thus being characterized as an Event of Authorized Extension of the Work Conclusion Term. 

 SECTION FOUR – WORK
FOLLOW-UP, CHECKS, INSPECTIONS AND RECEIPT 
  

	4.1	Work Follow-Up by Developer Lessor. Developer Lessee engaged, at its own expense, a company to carry out the Work management, namely: RCA Gerenciamento e Fiscalização Ltda., enrolled with the
CNPJ/MF under No. 04.662.437/0001-41, with its principal place of business in this Capital City, at Rua Visconde de Nácar, 185, suite 41, represented pursuant to its articles of association by Ricardo Cálcena, Brazilian, married,
engineer, bearer of Identity Card RG No. 2.864.813-IFP/RJ, enrolled with the CPF/MF under No. 606.867.407-00. The Manager shall be in charge of monitoring the Work progress, as well as the compliance with the Technical Documentation.

  

	4.1.1	Work Inspection by Third Parties. The Parties hereby agree that any financial institutions involved in the Funding may also carry out the Work inspection and check, by themselves or third parties, at all
times together with the Manager, as applicable. 

  

	4.2	Work Follow-up by Lessee. Lessee, in turn, shall engage, at its expense, a reputed, specialized company with technical knowledge to carry out the technical follow-up of the Building Work
(“Inspector”), without prejudice to Developer Lessor’s obligation to make sure that the construction shall be strictly in compliance with the Technical Documentation. 

 

	4.2.1.	Access to the Work. The Inspector shall have free access to the Work, as long as its presence does not disturb the Work progress and is previously scheduled with the Construction Company and
the Manager. 

  

	4.3	Inspection Report. The Parties shall jointly prepare, within thirty (30) days before the Work Conclusion Date (or a previous date to be previously informed by the Construction Company, in case the Works are
advanced), an inspection report of delivery indicating all works required for conclusion of the Building, including and detailing any Relevant Punch List and Irrelevant Punch List, as defined in sub-item 4.3.1 below (Relevant and Irrelevant Punch
List) (“Inspection Report”). In case that no Relevant Punch List is found in the Inspection Report, the Parties shall then carry out the Building Formal Delivery, as described in Item 4.4 (Building Delivery
Requirements and Final Inspection Report). If any Relevant Punch List is discovered, the Developer Lessor shall remedy it by the end of the Work Conclusion Term. 

 

	4.3.1	Relevant and Irrelevant Punch List. The Inspection Report shall define any relevant works that are pending to Work conclusion, provided that any Building Delivery Requirements, as defined in item 4.4
(Building Delivery Requirements and Final Inspection Report) (“Relevant Punch List”), shall be deemed relevant. It is hereby established that, once the Building Delivery Requirements have been met, the perfect living and
occupancy condition of the Building by Lessee shall be undeniable characterized. Any and all punch list that is not characterized as a Relevant Punch List shall be automatically deemed an irrelevant punch list for purposes of this Agreement, and
shall not prevent immediate receipt of the Work and the Building occupancy by Lessee (“Irrelevant Punch List”), without prejudice to the obligation to remedy any Irrelevant Punch List as set forth in item 4.5 (Existence of
Irrelevant Punch List) below. 

  

	4.4	Building Delivery Requirements and Final Inspection Report. On the final date of the Work Conclusion Term, the Parties shall enter into the Final Inspection Report, certifying that there is no Relevant
Punch List and, therefore, the Work conclusion (“Final Inspection Report”). The Final Inspection Report shall characterize the Building Formal Delivery to Lessee (“Building Formal Delivery”), as long
as: 

  

	(i)	all Relevant Punch List that may have been listed in the Inspection Report shall have been properly remedied; 

  

	(ii)	the Building shall be in compliance with the Technical Documentation, especially with the Executive Project (considering any amendments thereto), and 

 

	(iii)	the following shall have been obtained: (a) the Fire Department Inspection Report or an equivalent document (“AVCB”), and/or (b) the Work Conclusion Report or an
equivalent document (“Certificate of Occupancy”) of the Building (items (i), (ii) and (iii) are hereinafter jointly referred to as “Building Delivery Requirements”). 

 

	4.4.1	Building Acceptance. Once the Building Delivery Requirements have been met, Lessee shall not delay the acceptance thereof, by refusing or hindering the execution of the Final Inspection Report, especially
on an allegation that there is any Irrelevant Punch List to be remedied. In such event, the Fine for Delay in Work Delivery shall not be imposed on Developer Lessor and the provisions in item 4.4.3 (Building Automatic Acceptance) and 4.4.4
(Automatic Acceptance and Fine) below shall apply. 

  

	4.4.2	Final Delivery and Acceptance Deed. As an integral part of the Final Inspection Report, Lessee shall also execute a deed in the form set forth in Exhibit IV to this Agreement which, in summary,
shall characterize the Building delivery and final acceptance by Lessee, without prejudice to subsequent remediation of any existing Irrelevant Punch List (“Delivery and Acceptance Deed”). 

 

	4.4.3	Building Automatic Acceptance. To the extent that the Building Delivery Requirements have been met, and only if Lessee fails to enter into the Final Inspection Report by refusal, carelessness or any other
fact attributed to it, within five (05) business days as from receipt of a notice from Developer Lessor for that purpose, the Final Inspection Report shall be deemed to be automatically and fully accepted by Lessee, at which time the Work shall
be regarded as concluded and the Building formally delivered to Lessee (“Automatic Acceptance”). 

  

	4.4.4	Automatic Acceptance and Fine. In the event of Automatic Acceptance, Lessee shall bear a daily fine corresponding to one hundred percent (100%) of the Fine for Delay in Work Delivery,
until the Final Inspection Report has been duly executed by Lessee, considering that the failure to execute the Final Inspection Report may result in penalties imposed on Developer Lessor as part of the Funding. 

 

	4.4.5	Early Delivery. In case that the Building Delivery Requirements are met before the Work Conclusion Date, the Work Early Delivery shall be characterized, in which case all rules set forth in item 2.6.2
above (Work Early Delivery) shall be fulfilled. 

  

	4.5	Existence of Irrelevant Punch List. In case that there is any Irrelevant Punch List when the Building Delivery Requirements have been met and consequent execution of the Final Inspection Report, Lessee shall
receive the Work ‘as is’, and Developer Lessor shall complete all Irrelevant Punch List within ninety (90) days as from the date of execution of the Final Inspection Report. 

 

	4.5.1	Irrelevant Punch List Acceptance Deed. Once any Irrelevant Punch List have been remedied by Developer Lessor, Lessee shall execute and deliver the Irrelevant Punch list release and delivery deed to
Developer Lessor, subject to imposition of the same fine set forth in item 4.4.4 (Automatic Acceptance and Fine) above. 

  

	4.6	Building Access for Installation of Structures. Lessee shall be entitled to enter the Building up to sixty (60) days before the Work Conclusion Date (“Building Access”) solely to enable the
installation of structure of door, pallets and others; however, Lessee shall not carry out any commercial operations at the Property and, in any event, provided that (a) it does not impair the Work performance and delivery within the
Work Conclusion Term, and (b) it is made in coordination with Developer Lessor, Manager and Construction Company. The Parties acknowledge that the Building Access shall be characterized as Building Partial Occupancy. 

 

	4.7	Occupancy by Lessee. Without prejudice to the right of Building Access, Lessee shall solely occupy the Building and start its proper operating activities on a definite basis once the Final Inspection Report has
been prepared and executed, in addition to execution of the Delivery and Acceptance Deed. 

  

	4.7.1	Occupancy with Assumption of Risk. If Lessee, at its sole risk and liability, occupies the Building before the AVCB and the Certificate of Occupancy (this last one may be replaced with the interim
operating permit, if applicable) have been obtained and submitted by Developer Lessor (“Occupancy with Assumption of Risk”), any claims occurred during such situation or any infraction notices, fines, administrative or judicial
proceedings that may arise out of said fact shall be solely and exclusively borne by Lessee. 

  

	4.8	Occupancy and Acceptance of Relevant Punch List. As from the date when Lessee occupies the Building, all Relevant Punch List that may exist then, whether or not it was indicated in the Inspection Report, shall be
automatically regarded as Irrelevant Punch List for purposes of this Agreement. As a result, Lessee shall be required to pay the Rent Amount, as defined in item 9.1 (Rent), but the procedure of resolution of Irrelevant Punch List set forth in
item 4.5 (Existence of Irrelevant Punch List) shall apply. 

  

	4.9	Delivery of As Built and Work Documents. Within one hundred and twenty (120) days as from the Final Inspection Report, Developer Lessor shall provide Lessee with copy of the “as
built” projects, together with user manual and certificate of warranty of the materials applied in the Work. 

  

	4.10	Events of Non-Imposition of Fine for Delay in Work Delivery. The delay to remedy any Irrelevant Punch List and to deliver the “as built” and any other documents referred to in item 4.9. (Delivery of
As Built and Work Documents) shall not result in imposition of the Fine for Delay in Work Delivery and not entitle Lessee to terminate this Agreement, considering that said obligations do not affect the Work Conclusion Date. 

SECTION FIVE – LIABILITY FOR THE WORK 
  

	5.1	Work Warranty. The Construction Company shall warrant to Developer Lessor and Lessee the soundness and security, the quality of the materials used (if the materials applied do not comply with the provisions in
the Executive Project, including any amendments thereto, and with the Rules of the Brazilian Association of Technical Standards (ABNT) concerning the construction), as well as the repair of any structural failures and hidden defects arising out of
the Work performance for the terms established by the applicable civil law and to be defined in the construction agreement. 

  

	5.1.1	Exercise of the Work Warranty. Lessee undertakes to firstly request directly to the Construction Company the resolution of any structural failures and hidden defects arising out of the Work performance,
being established that Developer Lessor shall support it and take part in such claim, adopting together with Lessee any measures that may be reasonably required to ensure compliance with the obligations by the Construction Company.

  

 SECTION SIX – BUILDING DESTINATION 

 

	6.1	Building Destination. The Building shall be exclusively used for installation and operation of a distribution center of Lessee, and may include any and all activities related to and/or associated with the
destination referred to herein. Subject to penalty of characterization of contractual default, Lessee shall not carry out any activities that are not appropriate for the category of use under which the Building and the Development are classified,
with due regard for any restrictions of zone and land use and occupancy imposed by the applicable municipality and any limitations or restrictions imposed by any state and/or federal rules. 

 

	6.1.1	Liability for Operating Permit. Lessee shall obtain, on its own account and expense, any permits and other authorizations required for regular performance of the activities that it shall carry out at the
Development, exempting Developer Lessor from any liability or obligation for that purpose, and shall submit every documentation requested by Developer Lessor within five (05) business days as from request. 

 

	6.1.2	Issue of AVCB. Lessee acknowledges the existence of a Fire Department Inspection Report and permit issued precisely as set forth in the Technical Documentation and valid for the property of Developer
Lessor, sufficient for the category without taking into account any layout project submitted by Lessee. 

  

	6.1.3	Need for Supplementation of the AVCB. If, in view of the activities to be performed by Lessee in the Building, any change and/or supplementation of said documents is required, especially those relating to
the Building structure, such as the installation of sprinklers, command buttons, alarms, smoke detectors, hydrants and any other adaptations, Lessee shall request any such measure, within sixty (60) days as from the date of execution of the
Final Inspection Report, by means of any proper instrument intended to request changes in Fire Department Inspection Reports, including any change in the AVCB category, in which case Lessee shall be fully liable for any expenses with such procedure.

  

	6.2.	Lessee’s Representations. Lessee hereby represents as follows: 

  

	(i)	Lessee complies with any federal, state and municipal rules involved in the activities that it shall perform in the Development; 

  

	(ii)	the activity to be performed by it in the Development does not conflict with the provisions issued by said authorities; 

  

	(iii)	Lessee is aware of any federal, state and municipal rules and any use restrictions directly or indirectly related to the Building, the Development and the destination thereof; 

 

	(iv)	the destination to be given to the Building is in compliance with the municipal urban ordinances applicable to the Development, as well as in relation to its general rules, internal regulations and any other applicable
instruments. 

 SECTION SEVEN – TERM OF EFFECTIVENESS AND LEASE TERM 

 

	7.1	Lease Term Start Date. The Building Lease term is five (5) years, i.e., sixty (60) months (“Lease Term”), subject to the renewal procedure described in Section Eight (Possibility of
Lease Renewal), as from the date of execution of the Final Inspection Report and of the Delivery and Acceptance Deed, with due regard for the possibility of Lessee choosing the Occupancy with Assumption of Risk (“Lease Term Start
Date”). 

  

	7.1.1	Definition of the Lease Term Start Date. It is hereby established that the Parties shall prepare and enter into an amendment to this Agreement in order to formalize the Lease Term Start Date.

  

	7.2	Agreement Efficacy, Validity and Effectiveness. Notwithstanding the fact that the Lease Term and the date as from which the rent shall be due start on the Lease Term Start Date, this Agreement shall have
efficacy, validity and effectiveness as from the date of its execution, as the rights of obligations of each of the Parties are hereby substantiated. 

  

 SECTION EIGHT – POSSIBILITY OF LEASE RENEWAL 

 

	8.1	Lease Renewal. Provided that Lessee is in compliance with the obligations undertaken by it under this Agreement, including the obligation to pay Rent, Lessee shall have the prerogative of claiming renewal of the
Lease Term for a period of five (5) years, as set forth in this section, but not as established by Law No. 8245/91, as described below (“Renewal Right”). 

 

	8.1.1.	Renewal Notice Term. The Renewal Right shall be exercised by Lessee, subject to penalty of preclusion thereof, upon written communication to Developer Lessor sent at least six (6) months in advance of
the date of expiration of the original Lease. Lessee agrees that the advance term to exercise the Renewal Right is reasonable, considering the Development specificities and the efforts that shall be endeavored by Developer Lessor for identification,
selection and contracting of a new lessee for the area, in case that Lessee is not interested in the renewal. 

  

	8.2	Renewal Commercial Conditions. The commercial conditions (including the Rent Amount) valid for the new lease cycle shall be established by mutual agreement between the Parties, after the exercise of the Renewal
Right by Lessee. If the Parties fail to reach an agreement, the new rent shall be set by two companies specialized in the real estate field, of recognized trustworthiness, one of which shall be chosen by Developer Lessor at its expense, and the
other one shall be chosen by Lessee at its expense, and the average amount found in the two valuations shall prevail for that purpose. 

  

	8.2.1	Relevant Difference between Reports and Third Party Appraiser. If the difference between the amounts indicated by the reports exceeds the limit of ten percent (10%), and the Parties have not reached by
mutual agreement the amount of the new rent for said renewal until six (6) months before the Lease expiration, the Parties shall ask the respective companies contracted to prepare the valuation report to jointly indicate a third company, which
shall also have a reputation in the market, to be in charge of determining the new rent amount (which shall necessarily employ the same methodology used by the other companies), and the average amount determined among the three valuations shall
prevail as the new rent amount. Each Party shall be liable for paying fifty percent (50%) of the fees arising out of the engagement of said third company. 

  

	8.3	Legal System of the Second Lease Cycle. For purposes of renewal of the Lease, this Agreement shall be construed as a conventional non-residential lease agreement, and the same conditions established herein shall
prevail, to the extent that they do not conflict with the rights granted to lessees in general, as provided for by Law No. 8245/91. 

SECTION NINE – BUILDING RENT 
  

	9.1	Rent. In consideration for the funds contributed by Developer Lessor in the Building construction on a built-to-suit basis, as requested by Lessee, as well as for the Building Lease for the initial term
established in this Agreement, Lessee shall pay to Developer Lessor, on a monthly basis and in advance the rent of five hundred and seventy-three thousand, one hundred and thirty-six Reais (R$573,136.00), equivalent to twenty Reais per
square meter (R$20.00/m2) (“Rent Amount”), with due regard for the provisions in Section Ten below (Rent Adjustment). 

 

	9.1.1	Grace Period. The Parties agree that, as long as Lessee is in compliance with all its obligations set forth in this Agreement, Lessee shall be entitled to the grace period for payment of the Rent Amount
equivalent to one (1) month, provided, however, that said grace period shall not apply to any lease charges that shall be due by Lessee as set forth in this Agreement, including during the grace period, and shall not affect the Lease Term Start
Date in any manner whatsoever. 

  

	9.2	Payment of Rents. The rents shall be paid on the 1st day of each month, being established that the terms relating to payment of any rents shall be postponed to
the first (1st) subsequent business day in case that the maturity falls on any day other than a business day, without any accrual on the amounts to be paid by Lessee. For purposes of this
Agreement, “Business Day” means any day other than Saturday, Sunday or a national holiday. 

  

	9.3	Rent Payment method. The payments relating to rents shall be made by means of bank deposit in a checking account to be indicated by Developer Lessor in due time, and the release shall take place upon confirmation
by the bank of actual credit in the beneficiary’s account. 

  

	9.3.1	Payment Directly to any Assignee. In case that the Funding takes place, Developer Lessor may request that any payments relating to the rents be made by means of bank deposit in the checking account of its
Assignee, to be indicated by Developer Lessor in due time, and the release shall take place upon confirmation by the bank of actual credit in the beneficiary’s account. 

 

	9.4	Failure to Pay Rent. Any rents due and unpaid by the respective maturity dates shall be subject to default interest of one percent (1%) per month and delay fine of ten percent (10%), without prejudice to
monetary restatement by the index set forth in item 10.1 below (Rent Adjustment), calculated on a prorata tempore basis. 

  

	9.4.1	Delay and Forbearance. The receipt of any rents in arrears, i.e., received after the respective maturity, shall not be reason for novation, and shall be deemed mere forbearance by Developer Lessor or its
Assignee, in case of Funding. 

  

	9.5	Failure to Pay Rent. The failure to pay the amount of any of the rents by the respective maturity dates shall be characterized as legal and contractual infractions and enable Developer Lessor to immediately
collect the amount due, together with the penalties set forth in item 9.4 (Failure to Pay Rent), being established that, if the amount in arrears is not paid by Lessee within five (05) Business Days, Developer Lessor or its Assignee, in
case of Funding, may consider this Agreement terminated, at its sole discretion, and immediately file an action for eviction due to failure to make payment, accumulated with enforcement of the amounts due by Lessee by way of indemnity, as
established in item 16.1. (Early Termination), and/or any actions for collection of rents and charges. 

  

	9.6.	Rent Payment before Maturity. The Parties hereby agree that Developer Lessor shall not receive any rent paid before the respective maturity, considering that this is a built-to-suit Lease which may
involving Funding by Developer Lessor. 

 SECTION TEN – RENT ADJUSTMENTS 

 

	10.1	Rent Adjustment. During the term of this Agreement, the rents shall be adjusted from and including the month immediately before the Lease Term Start Date, including to the month immediately before the Lease Term
Start Date, based on the accrued variation of the Extended National Consumer Price Index disclosed by the Brazilian Institute of Geography and Statistics (“IPCA/IBGE”), and as from such date, at each annual period or at any shorter
periodicity established by law. 

  

	10.1.1.	Example of Rent Adjustments. For the sake of example, assuming that the Lease Term Start Date is equivalent to September 1, 2016, the first rent due by Lessee shall be monetarily restated by the
accrued variation of the IPCA/IBGE from and including October 2014 to and including September 2016, provided that said monetarily restated rent shall be paid by Lessee to Developer Lessor on the Lease Term Start Date. As a result, the calculation of
the first restated rent shall be made in accordance with the following formula: 

 First Restated Rent = Rent Base x CM, where: 

Base Rent = R$573,136.00. 
  

					
	 CM
=                            
	  	NIn	 	, where
	  	NIo	 

 NIn = Index number of the IPCA/IBGE for September 2016. 

NIo = Index number of the IPCA/IBGE for October 2014. 

 

	10.2.	Index Discontinuation. In the event that the IPCA/IBGE is discontinued or deemed legally non-applicable to this Agreement, the Parties hereby agree that the amounts set in this Agreement shall be automatically
restated by the Consumer Price Index calculated and disclosed by the Economic Research Institute Foundation of São Paulo State University (“IPC/FIPE”) or, in case of impossibility to use said index, then any other applicable
official index legally recognized an permitted, among those that better reflect the inflation in the period. Said new index to be defined by mutual agreement between the Parties shall be indicated in an amendment to the Agreement. 

 

	10.3	Automatic Adjustment. The rent adjustment in accordance with the criteria above shall be automatic, and Developer Lessor shall notify Lessee of the new rent amount two (02) Business Days in advance of the
respective maturity. 

  

	10.4	Non-Disclosure of the Index. Upon occurrence of rent adjustments, if the applicable index is not disclosed by the payment date, the amount shall be adjusted based on the accrued variation of the last twelve
(12) Indexes published, and no adjustment shall be due between Developer Lessor and Lessee after disclosure of the index that had not been previously disclosed. 

SECTION ELEVEN – JUDICIAL REVIEW OF THE RENT 
  

	11.1	Waiver of Rent adjustment action. The Parties expressly represent and acknowledge that the rents (i) are significant compensation to the Developer Lessor for the investments made, including, without limitation, the
performance of the Work, as determined by the Lessee, as well as the purchase of the Property, (ii) constitute compensation for the Lease for the minimum period of five (5) years, and (iii) may be used as collateral to the Funding,
and, consequently, no market value shall apply for purposes of any rent adjustment action. Therefore, each of the Developer Lessor and the Lessee waives, by mutual agreement, to its respective rights to file an rent adjustment action under article
54-A, paragraph 1 of Law No. 8245/91. 

  

	11.2	Right of Rent adjustment action in the Event of Renewal. The Parties expressly represent and acknowledge that, if this Agreement is renewed, subject to the provisions of Section Eight (Possibility of Renewal of the
Lease), the rights to seek judicial review of the Rent Amount may be exercised, in which case the provisions of the preceding section shall not apply. 

SECTION TWELVE – NO OFFSET 
  

	12.1	No Offset. In accordance with article 380 of the Brazilian Civil Code, the Lessee shall not offset any claim it holds or may hold against the Developer Lessor or the Assignee, as the case may be, including those
relating to any fines payable to it by the Developer Lessor in connection with this Agreement, against any payment obligation assumed by the Lessee to the Developer Lessor or to the Assignee as a result of this Agreement or of the Funding.

 The purpose of this Section is to prevent any interruption in the rent flow during the term of the Agreement, as such assumption is of the
essence for the feasibility of the transaction hereunder. 
 SECTION THIRTEEN – OBLIGATIONS 

 

	13.1	Obligations of the Developer Lessor. Without prejudice to any other obligations set forth in this Agreement, the Developer Lessor shall be required, in addition to its other obligations specified elsewhere in this
Agreement, to (i) deliver the Building to the Lessee in a condition appropriate to its intended use and (ii) ensure the peaceable use of the Building leased hereunder during the term of the Lease. 

	13.2	Obligations of the Lessee. The Lessee shall be required, in addition to its other obligations specified elsewhere in this Agreement, to (i) pay the rents and respective Lease charges directly to whomever is
entitled thereto and on the agreed-upon dates, (ii) use the Building and the Development for the purposes set forth in this Agreement, (iii) give notice to the Developer Lessor of any and all betterments to the Building, subject to the
provisions of sub-item 14.1.1 (Betterment Notice) of this Agreement, (iv) return the Building upon expiration of the Lease in habitable conditions and in the conditions stipulated in this Agreement, (v) assume any and all
responsibilities for the maintenance works relating to the preservation and maintenance of the Building, including environmental ones, as well as those intended to restore the conditions of use thereof, it being understood that it agrees, for such
purpose, to perform the maintenance the facilities and equipment in accordance with the manufacturers’ recommendations and manuals, as well as the environmental maintenance of the Development, (vi) promptly fix any damage to the
Development or to the Building facilities caused by the Lessee or by its employees, suppliers, or users, (vii) not alter the internal or external structural layout of the Development without prior written consent from the Developer Lessor or
from the Assignee, in the event of Funding, (viii) immediately deliver to the Developer Lessor any process, fines, or notices relating to the Development issued by government authorities, (ix) pay, on or after the Date of Completion of the
Work, all expenses relating to utilities installed on the Development, insurance premiums, and taxes directly relating to the Building (i.e. condominium charges, electricity, gas, water, sewage, and Urban Real Estate Tax (IPTU), among others)
directly to the collection agencies and immediately send to the Developer Lessor, on a monthly basis, copies of the respective payment receipts, or proportionally, when such costs are already included in the condominium charges, (x) allow the
inspection of the Building, upon prior agreement as to the date and time, by the Developer Lessor and by third parties, if the Development is offered to sale, provided that such Inspection may not interfere with the operations of the Lessee,
(xi) assume responsibility for the installations, cleaning, conservation, and painting of the Building, including hydraulic, electrical, mechanical, and safety equipment, as well as for firefighting installations and fire department
inspections, (xii) fully comply with the internal regulations, (xiii) pay the ordinary condominium expenses, if applicable, (xiv) assume responsibility for the installations, cleaning, conservation, and painting of the Building,
shelves (if applicable), equipment (hydraulic, electrical, mechanical, and safety), and all other installations mentioned in the Building Specifications, on and after the date of delivery by the Developer Lessor and acceptance by the Lessee of the
Work, except for the Irrelevant Punch List items, as well as for the maintenance of the installations against fire and future Fire Department inspections and other inspections required for the operations of the Lessee, in the latter case on and
after the Lease Term Start Date, (xv) assume liability for any environmental losses attributable to the Lessee that may occur after the Building is occupied by the Lessee, (xvi) consent, if required, with the securitization process
relating to the receivables arising from this Agreement, solely with respect to the assignment of the credits and to the measures inherent in such assignment as required by the Brazilian Securities Commission (the “CVM”), in
accordance with the drafts normally used by the Developer Lessor in similar securitization processes, subject to the duty of the Developer Lessor, in such case, to give notice to the Lessee of the actual assignment thereof, in accordance with
article 290 of the Brazilian Civil Code, and (xvii) provide, upon request from the Developer Lessor, with sufficient advance, to a credit rating (‘‘Rating”) agency selected by the Developer Lessor at its sole discretion
and/or to the CVM the last three (3) annual statements of income and balance sheets and the organization chart of the Lessee and of the Surety for purposes of credit rating in connection with the securitization of the real estate receivables
arising from this Agreement or issuance of other securities relating thereto, as well as provide such data on an annual basis so as to maintain the “Rating” of the transaction and comply with the applicable CVM regulations during the term
of this Agreement. 

  

	13.3	Liability for Taxes. After the Lease Term Start Date, the Lessee shall be solely responsible for the payment of all taxes, fees, and charges (a) levied on the Building and/or (b) required by the relevant
authorities for the exercise of its activities. 

  

	13.3.1	Tax Exemption During the Implementation of the Building. The Developer Lessor exempts the Lessee from any liability in connection with the payment of Taxes, fees, and contributions relating to the implementation
of the Building, including those assessed after the Lease Term Start Date. 

 SECTION FOURTEEN – BETTERMENTS AND CONSERVATION OF THE BUILDING 

 

	14.1	Betterments to the Building. Any betterments to the Building that the Lessee may wish to perform shall depend upon prior express written approval from the Developer Lessor before the start of any works or procedures in
connection therewith. 

  

	14.1.1	Betterment Notice. If the Lessee wishes to introduce any betterment to the Building, it shall give written notice to the Developer Lessor containing detailed information on the Codes it wishes to introduce,
including plans and sketches of the intended modification, if applicable (“Betterment Notice”). 

  

	14.1.2	Deadline for Reply to the Betterment Notice. Upon receipt of a Betterment Notice, the Developer Lessor shall then grant or justify its denial of authorization within ten (10) calendar days from the date of
receipt of such Betterment Notice. 

  

	14.1.3	Necessary Improvements. If any necessary betterment needs to be implemented on the Building, i.e. structural betterments for the purpose of conserving or preventing the deterioration of the real property, the
Lessee shall mandatorily give written notice thereof to the Developer Lessor, which, after effectively verifying such need, and provided that such need does not result from lack of maintenance or misuse of the Building, shall, if such betterment has
a demonstrable emergency nature, start procedures to perform such betterments as promptly as possible after receiving such request, at its own expenses, and complete such betterments as soon as technically possible; otherwise, the Lessee shall
perform such betterments and request reimbursement of any sums spent for such purpose, provided that such sums are consistent with the then-prevailing market prices, from the Developer Lessor, which, in this case, the Lessee shall send to the
Developer Lessor the invoice or invoices stating the costs incurred so that the Developer Lessor may, at its sole discretion, approve such costs and, within five (5) business days from the receipt of such invoices, provides such reimbursement
to the Lessee. 

  

	14.1.4	Betterment Execution Criteria. Any and all betterments to the Building shall (i) comply with the same construction standard used in the Building and in the Development, (ii) not affect the safety and
solidity of the existing buildings when performed, (iii) comply with the Brazilian Standards Institute (ABNT) standards, (iv) be duly approved by the relevant authorities, when required, it being understood that such approval shall be
obtained at the expenses and under the sole responsibility of the Lessee, and (v) be reflected in the records of the Property with the local Municipal Government and with the Real Estate Registry whenever they impact the built area.

  

	14.2	Removal of Installations. For the purposes of this Agreement, installations of a professional nature, machinery, equipment, furniture, and industrial or commercial appliances introduced in the Building shall not be
deemed betterments or accessions and may be removed upon expiration of the Agreement, provided that such removal does not modify or otherwise affect the structure and the features of the Building and of the Development. 

 

	14.3	Removal of Betterments. Any removable betterments to the Building may be removed upon expiration or termination of this Agreement, provided that no damage, including structural damage, is caused to the Building or to
the Development. 

  

	14.4	Incorporation into the Building. Any betterments authorized by the Developer Lessor shall be incorporated into the Building, and the Lessee shall not be required to restore the Building to its state prior to such
betterments, unless the Developer Lessor has expressly indicated, in the statement of authorization of betterments, the need for removal of a betterment at the time of return of the Building. 

 

	14.5	Indemnification for Betterments. The Lessee shall not be entitled to any indemnification, reimbursement, or retention of the Building by virtue of any betterments it may perform, whether useful or elective, even when
authorized by Developer Lessor, to the exception of necessary betterments, in accordance with the provisions of item 14.1.3 (Necessary Betterments) above. 

  

	14.6	Removable betterments may be removed from the Building by the Lessee, at its sole expenses, upon expiration of this lease. If the Lessee fails to remove such removable betterments, the Developer Lessor may, at its sole
discretion: 

  

	(i)	Incorporate such betterments into the Building; or 

	(ii)	Remove such betterments at the expenses of the Lessee, which, in such case, shall be responsible for the payment of rents and charges for the time necessary for the removal of such betterments by the Developer Lessor.

  

	14.7	Liability of the Lessee. The Lessee shall be held solely liable for any damage or loss to any employees, contractors, subcontractors, or third parties as a result of any betterments it may be authorized to perform on
the Building. 

  

	14.8	Exposure of Trademarks and Logos in Signs. The Lessee may only include any type of outdoor sign on the Building and/or on the Development upon prior express consent from the Developer Lessor. 

SECTION FIFTEEN – BUILDING RETURN 
  

	15.1	Building Return. Upon expiration of the term of the Lease or termination of this Agreement for any reason, the Lessee shall vacate the Building and return it free from persons and things and in a state of repair
consistent with wear and tear arising from normal use and from the time elapsed by then, it being understood that the Building shall be clean and fully painted (both internally and externally) as received by the Lessee and described in the Final
Inspection Report. 

  

	15.2	Return Notice. The Lessee shall give notice to the Developer Lessor at least sixty (60) days in advance of the stipulated date of return of the Building (the “Building Return Notice”) and shall deliver it
to the Developer Lessor on the agreed-upon date and in perfect state of repair, in accordance with Item 15.1 above (Building Return). 

  

	15.3	Building Return Inspection. Within fifteen (15) days from the date of receipt of the Building Return Notice, or, in the event of early termination, as promptly as such early termination occurs, the Building shall
be inspected by the Developer Lessor in order to review any changes in its state of repair and in its accessories and belongings (the “Final Inspection”) so that, after the appropriate repairs, the Lessee may deliver the keys to the
Developer Lessor and receives release of its contractual obligations. 

  

	15.3.1	Delivery of Documents on Return. The Lessee shall further provide, upon expiration of the lease, the Developer Lessor with the following documents: 

 

	(i)	A (Technical Service Form (FAT), if any, in case the Fire Department permit needs to be supplemented, and an operating permit issued by the Municipal Government, each duly valid and effective; 

 

	(ii)	Certificate of No Outstanding Real Estate Tax Liability issued by the municipality of Extrema, MG; 

  

	(iii)	Certificate of Good Standing of the Property issued by the Department of Finance of the Municipality of Extrema, MG; and 

  

	(iv)	Original proofs of payment of lease charges for the last twelve (12) months of the lease. 

  

	15.4	Repairs. If any repairs or works are found to be needed, the Parties shall establish a schedule to be complied with by the Lessee, it being understood that such repairs and/or works shall have the same level of
technical quality of the construction of the Building and of the Development. The lessee shall remain responsible for the lease under this Agreement and for any other charges until all the repairs mentioned in this section are completed.

  

	15.4.1	Engagement of Third Parties for Repairs. The Lessee may, within fifteen (15) days from the date of definition of the schedule set forth in item 15.4 above (Repairs), at its sole expenses, engage a
reputable firm, which shall be in charge of the respective repairs or of the performance of the works mentioned in this item 15.4 (Repairs), without, however, becoming exempt from its obligations to the Developer Lessor. If the Lessee fails
to so engage within the abovementioned term, the Developer may do so at its sole discretion, it being understood that the Lessee shall reimburse all sums disbursed by the Developer Lessor within five (5) business days from the date of notice
from the Developer Lessor to the Lessee requesting such reimbursement. 

	15.5	Damages Found During the Inspection. The amount of damages found during the Final Inspection, if verified by a firm notoriously specialized in such type of inspections, is hereby acknowledged as a clear legal debt
enforceable by means of the applicable action. 

  

	15.6	Delivery Environmental Report. The Developer Lessor shall, no later than forty-five (45) days before the delivery of the Property, whether by virtue of expiration of the lease or termination prior to the vacancy
thereof, provide a report prepared by a specialized engineer or by a first-rate specialized environmental appraisal firm (whose report shall comply with the same assumptions and analyses made by the Initial Environmental Report described in item
17.1.1 – Initial Environmental Report) (the “Delivery Environmental Report”). 

  

	15.6.1	Purpose of the Delivery Environmental Report. The purpose of the Delivery Environmental Report shall be to demonstrate that the use of the Building by the Lessee (including any assignees and/or sublessees and the
respective members, employees, contractors, subcontractors, service providers, consultants, and clients of the Lessee) (a) did not cause any environmental damage to the Building, to the property, to the Development, and/or to the parking
lot used by the Lessee, e (b) did not violate any applicable administrative and environmental rules. 

  

	15.6.2	Delivery Environmental Report Costs. Notice of the expenses relating to the preparation of the Delivery Environmental Report shall be given to the Lessee before the start of the works and shall be fully borne by
the Lessee by reimbursement to the Developer Lessor within five (5) business days from the date of written request from the Developer Lessor. 

  

	15.6.3	Reparation of Damage Found. If the Delivery Environmental Report indicates any damage or violation during the term when the Lessee held possession of the Building, even if subsequently found, the Lessee shall be
responsible for fully repairing any damage found or correcting any ordinances that caused such legal violation, discuss the measures to be taken with the Developer Lessor, including any measures that may be required for the cleaning, recovery, and
adaptation of the Building, and bear all costs and expenses therefrom, all in compliance with the legal provisions and with the environmental protection legal and administrative requirements. The Lessee shall not be released from its obligation set
forth in this item until another environmental report is provided demonstrating its full compliance with such rules or remediation of any environmental damage caused. 

 

	15.6.4.	Unqualified Delivery Environmental Report. If the Delivery Environmental Report concludes that the environmental rules were satisfactorily complied with by the Lessee and that there is no environmental issue in
the Property under the legal environmental protection provisions, the Lessee shall be automatically released from such obligations, subject to any liabilities subsequently required by administrative authorities with respect to the period during
which the Lessee held possession of the Property. In this case, the Developer Lessor shall allow the Lessee to exercise its defense right before such authorities, even if formulated by the Developer Lessor. 

SECTION SIXTEEN – EARLY TERMINATION 
  

	16.1	Early Termination. This Agreement may be fully terminated if the Lessee fails to perform any obligations under this Agreement, including, in particular, without limitation, the payment of rents, subject to the
provisions of item 19.1 (Default) with respect to events of default. 

  

	16.1.1	Early Termination of the Lease and Payment of Indemnity. In the event set forth in item 16.1 (Early Termination), or if the Lessee voluntarily terminates this Agreement prior to its expiration, the Lessee
shall pay to the Developer Lessor, by way of liquidated damages, an amount corresponding to the time remaining until the expiration of the Lease multiplied by the rent amount at the time of such event, as adjusted for inflation as established in
this Agreement, on a daily prorated basis (the “Indemnity”), in accordance with article 54-A, paragraph 22 of Law No. 8.245/91. 

	16.1.2.	Events of Early Termination. The following shall also constitute events of early termination of the Lease of the Building under this Agreement, in which case the indemnity shall also be payable to the Developer
Lessor (together, the “Events of Early Termination”): 

  

	(i)	Lawful protest of extrajudicial instruments against the lessee in an individual or aggregate amount in excess of one hundred and ten million Reais (R$110,000,000.00) for the Lessee, as duly adjusted for inflation
by the index agreed upon in Agreement, or its equivalent in other currencies, unless, within thirty (30) calendar days from the date of such protest, (a) the Lessee can validly prove, as the case may be, that such protest or protests were
made by error or due to bad faith of third parties, (b) that such protest or protests were cancelled, (c) that bond was posted before a court, or (d) that such protest was suspended. 

 

	(ii)	If the Lessee requests any out-of-court reorganization plan to any creditor or class of creditors, regardless of application for or granting of judicial ratification of such plan, or if the Lessee requests liquidation/court-supervised reorganization before a court, regardless of order for processing such liquidation/reorganization or of the granting thereof by the court of competent jurisdiction, or if the Lessee
and/or the Surety requests voluntary bankruptcy; 

  

	(iii)	Liquidation, dissolution, winding up, or request for or adjudication of bankruptcy of the Lessee; 

  

	(iv)	In the event of any default of a monetary obligation which is not cured within five (5) days, or of a non-monetary obligation within thirty (30) days, each assumed by
the Lessee under this Agreement; 

  

	(v)	In the event of relevant deterioration of the economic and financial condition of the Lessee; 

  

	(vi)	If any imposts, taxes, or fees assessed or levied on the Building are not timely paid; 

  

	(vii)	If the Lessee fails to maintain the Building and the Development in a good state of repair, safety, and habitability or performs any demolition works and/or betterments in violation of the provisions of this Agreement;

  

	(viii)	If the Development area is condemned, wholly or in part, in accordance with item 18.3 (Expropriation); 

  

	(ix)	In the event of assignment or transfer by the Lessee of its rights and obligations under this Agreement without consent from the Developer Lessor; or 

 

	(x)	If the Condition Subsequent set forth in item 1.2 (Condition Subsequent) and its sub-items is met. 

 

	16.1.3	Verification of Default. The Events of Acceleration may give rise to early termination of this Agreement, subject to prior compliance with the provisions of item 19.1 (Default), particularly with respect to the
cure periods set forth therein, if any. 

  

	16.1.4	Payment of the Indemnity. The Indemnity shall be paid by the Lessee within five (5) business days from the date of expiration of the term established to cure the default, or, if no such term is established,
the Indemnity shall be paid by the Lessee within twenty (20) days from the date of receipt of written notice from the Developer Lessor to such effect. 

  

	16.1.5	Vacancy of the Property. In the event of early termination of this Lease, the Lessee shall, within one hundred and eighty (180) days from the due date of the Indemnity, completely vacate the Development and
return it to the Developer Lessor in accordance with the provisions of Section Fifteen (Building Return). 

  

	16.1.6	Scope of the Indemnity. The purpose of the Indemnity, in accordance with article 473, sole paragraph of the Brazilian Civil Code, is to (i) compensate for all the investments made by the Developer Lessor in
the construction of the Building, performed especially to meet the purposes and needs of the Lessee, as well as for the purchase of the Property, and (ii) settle the Funding, if applicable. 

 

	16.2	Damages. The events of early termination set forth above contemplate any damages and other losses arising from termination to be suffered by the Developer Lessor, including, for example, any expenses, costs, and
investments in which the Developer Lessor incurred and will incur to afford this Lease solely in order to meet the purposes and needs of the Lessee. 

	16.2.1	Enforceability of the Indemnity. The Lessee acknowledges that the right of the Developer Lessor to receive the Indemnity in the events set forth in this Section 16 (Early Termination) is clear, legal,
and enforceable and that this Agreement constitutes an extrajudicial enforceable instrument. 

 SECTION SEVENTEEN—ENVIRONMENTAL
LIABILITY 
  

	17.1	Environmental Liability. The Lessee assumes the obligation to, on and after the Date of Completion of the Work, use the Development in compliance with the applicable environmental, health, and safety rules, and the
Lessee shall take all measures to preclude and prevent and the Development from becoming subject to judicial or administrative proceedings in connection with any violation of such rules. 

 

	17.1.1	Initial Environmental Report. The Lessee represents and acknowledges, for the due purposes and effects, that the Developer Lessor shall engage, upon completion of the Work, a specialized firm accredited by the
appropriate government entity to prepare an environmental report (the “Initial Environmental Report”) attesting to the current conditions of the property and that there is no environmental liability or environmental contamination
whatsoever in the Property as of the Lease Term Start Date. 

  

	17.3	Hazardous Substances. The Lessee agrees to adequately use, store, and dispose of any hazardous substances whose use may be required for the activities of the Lessee on the Development, in accordance with the applicable
laws and regulations. 

  

	17.3	Environmental Licenses. The Lessee shall obtain, when applicable, any environmental licenses relating to the Development resulting from the activities developed by the Lessee, for which it shall be held solely liable,
including for the payment of any indemnities and sanctions imposed by government authorities as a result of its activities, and it agrees to indemnify the Developer Lessor for all losses it may suffer as a result of any non-compliance with such
environmental laws, as well as to assume liability, at any time, for any environmental damage that may result from the activities performed by the Lessee on the Development and to fully indemnify and redress any direct consequences thereof to the
Developer Lessor, to third parties, or to government authorities, without any limitation and without prejudice to any other liabilities that may arise therefrom and from the penalties set forth in Agreement. 

 

	17.4	Preservation of Areas. The Lessee agrees to comply, when applicable to the activities it is to exercise on the Development, with any directions from the Developer Lessor as to the preservation of areas that are relevant
from the environmental perspective, in accordance with all the recommendations of the Environmental Impact Study/Environmental Impact Report (EIA/RIMA) and of the environmental licenses and with the directions and orders from the relevant
environmental entities with respect to the planning, implementation, operation, and maintenance of the Development. 

  

	17.5	Environmental Audit. During the term of this Agreement, the Developer Lessor shall be entitled to conduct one environmental audit of the Development per year upon five (5) days’ advance written request.

  

	17.5.1	Exceptional Audits. Without prejudice to the provisions of the preceding item, the Developer Lessor may conduct environmental audits on an exceptional basis, upon at least five (5) days’ advance notice,
in case of any event caused by the Lessee or by its subcontractors that, in the understanding of the Developer Lessor, may indicate a potential environmental damage or violation of environmental legal provisions. 

 

	17.5.2	Conduct of Exceptional Audits. Such audits, which shall be conducted at the sole expenses of the Developer Lessor, shall be intended to verify whether or not the Lessee is in compliance with the applicable
environmental, health, and safety rules. 

 SECTION EIGHTEEN – INSURANCE, PARTIAL OR TOTAL DESTRUCTION OF THE DEVELOPMENT, EXPROPRIATION, AND
GUARANTEES 
  

	18.1	Obligation to Purchase Lease Insurance. The Lessee agrees to purchase and maintain in force, throughout the lease term and as long as its possession of the property continues, including during any extensions thereof for
an indefinite or definite period, whether under law or in accordance with this Agreement, insurance on the Building from a first-rate insurer, subject to the terms of this Section Eighteen. 

 

	18.2	Acknowledgement of the Existing Insurance. The Lessee acknowledges that the first phase of the Development has been duly insured by insurance already purchased by the Developer Lessor from Allianz Seguros (under
a new policy to be issued as a renewal of policy No. 03.96.0001831, which in turn shall be effective until October 10, 2014), with (a) a declared total risk value for the first phase of the Development and other integral parts
of Fernão Dias Business Park of (a.1) forty-four million eight hundred thousand Reais (R$44,800,000.00) for property damages and (a.2) eight million five hundred and eighty-five thousand four hundred and
ninety-four Reais and fifty-six cents (R$8,585,494.56) for loss of profits (i.e. loss of rent and condominium charges), and (b) effective coverage with a single maximum Indemnity limit sub-limited to the declared Value at Risk for
the first phase of the Development, in accordance with the table below (the “Development Insurance”): 

  

					
	 COVERAGE
	  	SCENARIO A	 
	 Material Damage
	  

	 Basic – Fire (including as a result of turmoil), Lighting Strike / Explosion of Any
Nature
	  	R$	99,232,000.00	 
	 Windstorm, Hurricane, Hailstorm, Smoke and Vehicles Impact
	  	R$	10,000,000.00	 
	 Electrical Damages
	  	R$	1,000,000.00	 
	 Burglary or Theft of Goods
	  	R$	100,000.00	 
	 Electronic Devices without Burglary
	  	R$	50,000.00	 
	 Turmoil, Strikes, Lock-out, Civil Unrest and Willful Acts
	  	R$	100,000.00	 
	 Flooding / Inundation
	  	R$	100,000.00	 
	 Collapses
	  	R$	100,000.00	 
	 Leak of Tanks and Pipes
	  	R$	100,000.00	 
	 Loss of Profit arising from Basic Coverage:
	  

	 Fixed Expenses / Indemnification Period of 12 months
	  	R$	3,908,258.24	 
	 Loss of Lease Proceeds / Indemnification Period of 12 months
	  	R$	22,179,397.91	 

  

	18.2.1	Changes to the Insurance. The Parties hereby agree that the Developer Lessor may change the Development Insurance in order to expand the area currently effective and to include the Building area.

  

	13.2.2.	Insurance Beneficiary. The Lessee acknowledges that the Developer Lessor is currently the only insurance indemnity beneficiary, strictly in accordance with a copy of the insurance policy attached to this
Agreement as Exhibit V (the “Insurance Policy”), it being understood that it may name a new beneficiary, albeit a partial one, in the event of the Funding. 

 

	18.3	Specific Obligations of the Lessee as to Insurance. The Lessee agrees to: 

  

	(i)	If the Developer Lessor (or the Condominium, if and when incorporated) elects not to renew the policy in force, purchase and maintain in force, throughout the lease term and as long as its possession continues,
including any extensions thereof for an indefinite or definite period, whether under law or in accordance with this Agreement, insurance on the Property covering the respective costs with the current insurer or with any other insurance of its own
free choice among first-rate insurers, whose insurance contract terms meet the specifications set forth in this Agreement or in the non-renewed policy and are appropriate to the activities to be exercised and to the use of the Property by the
Lessee, it being understood that it shall name the Developer Lessor, the Condominium (if and when incorporated), or, if the Funding occurs, the Assignee as the sole beneficiary thereof and exempt the beneficiaries from any indemnity liability in the
event of a claim; and 

	(ii)	Fully bear the costs of the Property insurance contract purchased or to be purchased by the Developer Lessor (or to be purchased by the Condominium when incorporated) and assume full and sole liability, under penalty of
breach of contract, for reimbursing the Developer Lessor (or the Condominium, as the case may be) for all sums arising from such contract and any renewal thereof under the same conditions established in item 18.2 above (Acknowledgement of the
Existing Insurance), which costs shall be determined in proportion to the Building area, given the option of the Developer Lessor (or of the Condominium, if and when incorporated) to purchase insurance for the entire Development under a single
policy. 

  

	18.3.1	Costs of Insurance Purchased by the Lessee. If the Developer Lessor (or the Condominium, if and when incorporated) elects the option set forth in clause “i” of Item 18.3 above (Specific
Obligations of the Lessee as to Insurance), the Lessee shall be required to renew the Policy every year, without interruption, by bearing all the respective costs so as to maintain the Building duly insured throughout the term of the occupancy
thereof, it being understood that the Developer Lessor, the Condominium (if and when incorporated), or, if the Funding occurs, the Assignee shall be the sole beneficiary thereof. Furthermore, the Lessee shall send to the Developer Lessor proof of
such insurance contract and the relevant policy within ten (10) days and forty-five (45) days, respectively, from the date when the Lessee elects the option set forth in clause “i” of item
18.3 above and within fifteen (15) days from each policy renewal period. 

  

	18.3.2	Costs of Insurance Purchased by the Developer Lessor. In the event set forth in clause “ii” of Item 18.3 above (Specific Obligations of the Lessee as to Insurance), the reimbursement of the
sum owed by the Lessee to the Developer Lessor (or to the Condominium, as the case may be) shall be made by the same due date and under the same terms of the payment made by the Developer Lessor within twenty (20) days from the date when
the latter proves the payment of the respective sums or in accordance with the provisions set forth by the Condominium, as the case may be, it being understood that, in the event of late payment, the provisions of item 9.4 (Lack of Payment of the
Rent) shall apply. 

  

	18.4	No Limitation of Liability. The purchase of the insurance policy referred to in this Section Eighteen shall not, under any circumstances, be construed as (a) an exemption from or limitation of the
liabilities, obligations, or any other contractual and/or legal duties of the Lessee, (b) an assumption of any liability of the Lessee by the Developer Lessor (or by the Condominium, if and when incorporated), or
(C) sufficient to cover all the risks, liabilities, or any contractual and/or legal obligations of the Lessee. 

  

	18.5	Insurance Indemnity. If the insurer denies the payment of the Development Insurance indemnity on the grounds that the Development was unlawfully occupied due to any non-compliance with the conditions of the respective
policy or non-compliance with any municipal, state, and/or federal ordinances applicable to the Development, or if there is no such insurance policy in force at the time of the claim, this Agreement shall be deemed terminated, in which case the
Lessee shall be required to pay the Indemnity to the Developer Lessor or to the Assignee, in the event of the Funding. 

  

	18.6	Total or Partial Loss of the Development. In the event of total or partial loss of the Development, if the time to rebuild the Development is equal to or less than twelve (12) months, as determined by a reputable
firm with notorious expertise in the area engaged by the Developer Lessor, at its own expenses, the Developer Lessor shall be required to fully or partially rebuild the Development, as the case may be, up to the limit of the indemnified amount and
to use the Development Insurance Indemnity for such rebuilding. If the time to rebuild the Development is greater than twelve (12) months, the Lessee shall be entitled to decide whether or not the Development is to be rebuilt and to use the
Development Insurance indemnity for such full or partial rebuilding of the Development up to the limit of the indemnified amount. In each case, the time to assess and/or investigate the damage by such reputable firm with notorious expertise and/or
by the relevant authorities shall be deducted from the time to rebuild the Development. 

  

	18.6.1	Obligations in the Event of Partial or Total Loss. In the event described in item 18.6 (Total or Partial Loss of the Development), the Lessee hereby irrevocably and irreversibly agrees to pay the total
Rent Amount, less the amount to be covered by loss of revenue insurance, as the case may be, without any interruption. 

	18.7	Rebuilding of the Development. If the total or partial rebuilding of the Development takes longer than twelve (12) months, and the Lessee elects not to rebuild it, this Agreement shall be deemed automatically
terminated, in which case the Lessee shall pay to the Developer Lessor the amount corresponding to the positive difference, if any, between (i) the indemnity amount and (ii) the indemnity amount paid as a result of the Development
Insurance. 

  

	18.8	Expropriation. In the event of partial or total expropriation of the Development, given that the Lessee has chosen, at its sole discretion, the location of the Property to execute the Work and implement the Building so
as to meet its needs, this Agreement shall remain in full force as long as the Lessee remains able to regularly exercise its activities. In this case, the Lessee shall continue to be required to pay the rents payable and, in the event of termination
of this Agreement, the Lessee shall be required to pay to the Developer Lessor or to the Assignee, in the event of the Funding, an amount corresponding to half the positive difference, if any, between (i) the indemnity and (ii) the
expropriation money paid by the expropriating authority, as defined in administrative proceedings. 

  

	18.9	Guarantee. In order to secure the faithful performance of all the obligations assumed by the Lessee in this Agreement, the Lessee agrees, within fifteen (15) days from the Lease Term Start Date, to submit to the
Developer Lessor sufficient documentary evidence of the purchase of surety bond issued by a first-rate financial institution of renowned repute and previously approved by the Developer Lessor, in the minimum amount of twelve (12) times the rent
prevailing at the time of such contract, which shall be valid throughout the term of this Agreement and/or any renewals thereof, as well as to maintain such guarantee valid until the Property is effectively returned, even if this Lease is in force
for an indefinite period, under penalty of contractual default. 

  

	18.9.1	Guarantee Renewal. The Lessee shall mandatorily submit to the Developer Lessor, during the term of this Lease, the respective renewals of surety bond within fifteen (15) days from the date of each such
renewal and hereby irrevocably and irreversibly agrees to pay the total Rent Amount, less the amount to be covered by loss of revenue insurance, as the case may be, without any interruption. 

 

	18.9.2	Scope of the Guarantee. The surety bond shall cover all legal and/or contractual increases in the Lease and any adjustments to increase the Rent Amount during the term or any extension of this Agreement, as well
as any increases arising from a “rent adjustment action” under article 19 of Law No. 8245 of October 18, 1991, any provisional determination of the rent, any changes in the periodicity of and/or increases in the rent as a result
of future legal provisions, and in the event of any amicable settlement with the Lessee to adjust the Rent Amount or any agreement. 

  

	18.9.3	Release of the Guarantee. In the event of lack of payment of the Rent Amount, of any charges, and/or of any related sums, or in the event of any contractual non-performance that triggers application of the fine
set forth herein against the Lessee, the Developer Lessor may, always upon at least thirty (30) days’ advance notice to the lessee, request the release of the surety bond offered, it being understood that any differences still existing
shall be offset in due time. 

  

	18.9.4	Receipt of the Guarantee. The receipt of the surety bond amount shall not be deemed a release of the sums owed, but shall merely the potential compensation, it being understood that any collection, including
judicial collection, of any sums still owed by the Lessee shall continue. 

  

	18.9.5	Expenses with the Guarantee. All the costs arising from the surety bond contract and from any renewals thereof shall be directly and solely paid by the Lessee. 

	18.9.6	Advance Payment of the Rent Amount. If the Lessee fails to submit the surety bond documentation or any renewal thereof within the term and on the conditions set forth in this item, it shall pay the Rent Amount in
advance, in accordance with the provisions of article 42 of Law No. 8245/91, until the surety bond or any renewal thereof is submitted. If the Lessee fails to submit the surety bond or any renewal thereof within fifteen (15) days from the
date of expiration of the term originally established for such purpose, the Developer Lessor may, at its sole discretion and without prejudice to the fine for contractual violation, terminate this Agreement for contractual Violation, in which case
the Lessee shall be required to immediately return the property on the conditions set forth in this Agreement. As long as the Lessee does not return the property, it shall continue to be required to pay the Rent Amount and lease charges, and the
Rent Amount shall continue to be paid in advance. 

 SECTION NINETEEN – EVENTS OF DEFAULT 

 

	19.1	Default. Any failure to perform any obligation set forth in this Agreement shall constitute an event of default. With respect to monetary obligations, including the payment of rents, the default shall automatically
occur upon a cure period of five (5) Business Days. With respect to non-monetary obligations, a Party that, upon being given extrajudicial notice thereof in accordance with the provisions of this Agreement, fails to perform such obligation
within ten (10) Business Days from the date of receipt of such notice. Notwithstanding the foregoing, the Defaulting Party is hereby entitled to cure such default within the abovementioned periods. If such default is not cured within the
periods set forth herein, it shall constitute an event of default. 

 SECTION TWENTY—FINE 

 

	20.1	Fine. Unless a specific penalty is provided for in this Agreement, the violation of any clause shall subject the violator to a daily fine in an amount equal to three (3) times the Rent Amount. 

 

	20.2	Application of the Fine. If the Lessee has caused the termination of this Lease, the application of the fine set forth in this section shall be without prejudice to the obligation of the Lessee to pay the indemnity set
forth in Section Sixteen above. 

 SECTION TWENTY-ONE—CREDITS ASSIGNMENT AND SUBLEASE 

 

	21.1	Assignment of Credits. The Lessee expressly authorizes, on an irrevocable and irreversible basis, that the credit arising from the payment of rents, of the Indemnity, and of any default charges and fines be assigned to
third parties at the sole discretion of the Developer Lessor (a “Credits Assignment”), including, without limitation, if the Funding is engaged. 

  

	21.1.1	Payment of Rents to the Assignee. In the event of the Funding, at the discretion of the Developer Lessor, the Lessee shall pay the rents directly to the Assignee, for which written notice from the Developer
Lessor to the Lessee shall suffice. 

  

	21.2	Encumbrance of the Development. The Lessee acknowledges and agrees that it has no objection against the option of the Developer Lessor to, at its sole discretion, encumber the Development, whether by mortgage or
fiduciary ownership or any other type of lien, in the event of the Funding, as well as to the non-existence of any right of first refusal in the purchase of the Development in the event of foreclosure of such encumbrances or liens.

	21.3	Transaction Concepts. In accordance with the provisions of Law No. 9514 of November 20, 1997, as amended from time to time, the Parties reiterate the concepts applicable to the transactions that may arise from
the execution of this Agreement, namely: (i) securitization of real estate credits means a transaction by which a specialized firm purchases real estate credits and issues securities backed by such credits to be placed in the market,
(ii) fiduciary sale means a legal transaction by which the Developer Lessor, in order to create the guarantee for the Funding in the market, engages the transfer to the Investor of terminable ownership in the Development, to be canceled if and
upon settlement of the obligations hereunder and of any ancillary obligations, and (iii) upon creation of the fiduciary ownership, the debtor/beneficiary shall hold direct possession of the property, while the creditor/trustee shall hold
indirect possession thereof. 

  

	21.3.1	Changes upon Authorization from the Assignee. If the Funding is effective, each of the Developer Lessor and the Lessee agree that the terms and conditions set forth in this Agreement, including those relating to
the Lease amount and to its restatement and adjustment method, may only be changed upon consent from the Assignee. 

  

	21.4	Sublease. The Building may not be sublet by the Lessee except upon prior express authorization from the Developer Lessor in this regard or if the sublessee is a member of the business group of the Lessee. In the
event of sublease of the Building, the Lessee and the Surety shall remain, in any event, solely liable to the Developer Lessor for all the obligations assumed under this Agreement, including, without limitation, the obligations relating to the
payment of the rents and of the Indemnity, as well as those relating to the return of the Building upon the expiration of the lease term in a state of repair consistent with wear and tear arising from normal use and from the time elapsed by then.
The Developer Lessor may reject such request for sublease on justified grounds, it being understood that the activities of any sublessee shall be in line with the features and the purpose of the Property and may not put its integrity and
environmental conditions at any risk. 

  

	21.5	Temporary validity clause. In accordance with the provisions of art. 8 of Law No. 8.245/1991, even if the Property/Development is sold to third parties, the purchaser shall fully abide by the terms of this
Agreement. 

 SECTION TWENTY-TWO – TERM OF EFFECTIVENESS AND RECORDATION 

 

	22.1	Term and Recordation. For the purposes of articles 8 and 33 of Law No. 8245/91, the recordation and annotation of this Agreement with the relevant Real Estate Registry are hereby authorized so that, even if the
property is sold to third parties, the purchaser shall be required to fully abide by the terms of this Agreement, and the Developer Lessor agrees to include an obligation to abide by this Agreement in case the Property is sold prior to its
recordation on its respective title records. The costs arising from the recordation of this Agreement with the relevant Real Estate Registry shall be borne solely by the Lessee. 

 

	22.2	Cancelation of Recordation. If this Agreement is recorded/annotated with the Real Estate Registry, the Lessee shall be required, upon expiration or termination hereof, wholly or in part, to request, at its own expenses,
the immediate cancelation of such recordation/annotation. If the Lessee fails to do so within thirty (30) days from the date of such expiration or termination, the Developer Lessor shall be authorized to cancel such recordation, in which case
the Lessee shall bear all the costs incurred by the Developer Lessor for such purpose. If the lessee fails to bear such costs, the Developer Lessor may directly bear such costs and request reimbursement thereof from the Lessee, which shall reimburse
such costs within five (5) Business Days from the date of notice from the Developer Lessor in this regard. 

  

	22.3	Requirements for Recordation. The Lessee acknowledges that, if this Agreement can only be recorded after a condominium is incorporated in the Development under Law No. 4591/64, the Developer Lessor shall not be
held liable for any lack of recordation. The Parties agree to sign any amendment to this Agreement that may be necessary if the relevant Real Estate Registry imposes any requirement for recordation and/or annotation hereof on the relevant title
record. 

 SECTION TWENTY-THREE – EXCLUSIVITY; GOOD FAITH AND LOYALTY DUTIES 

 

	23.1	Exclusivity. On and after the execution of this Agreement, the Lessee reinforces the exclusive nature of and the impossibility to regret from this Agreement from the date hereof. Accordingly, the Lessee directly or
indirectly agrees to (i) not solicit, discuss, or entice any offers with a subject matter analogous with or similar to the subject matter of this Agreement, (ii) not continue or propose to continue to negotiate or hold discussions
involving a subject matter analogous with or similar to the subject matter of this Agreement, and/or (iii) not enter into any agreement or understanding that may adversely affect the completion of the legal transaction set forth in this
Agreement. 

  

	23.2	Relationship of the Parties. The relationship of the Parties arising from this Agreement and for the purposes set forth therein shall comply with the principles of good faith, trust, and contractual loyalty, and each
party shall refrain from adopting a conduct that harms the interests of the other party in connection with this Agreement. 

 SECTION
TWENTY-FOUR – RIGHT OF FIRST REFUSAL 
  

	24.1	Right of First Refusal. In the event of sale of the Property, except to (i) securitization companies and/or corporations related to the lease underlying this Agreement, (ii) companies of the same business
group as the Developer Lessor, and (iii) any vehicles managed by or maintaining an advisory relationship with companies of the same business group as the Developer Lessor, the Lessee shall be entitled to exercise a right of first refusal on the
same terms offered to third parties, it being understood that the Developer Lessor shall give notice of the intended transaction to the Lessee in accordance with the provisions of Section Twenty-Five below (Notices). 

 

	24.2	Right of First Refusal Notice. The notice set forth in item 24.1 above (Right of First Refusal) shall specify all the terms of the intended transaction and shall mention, in particular, the price, the payment
method, and the place and date for review of the relevant documentation. 

  

	24.3	Term for Exercise of the Right of First Refusal. The right of first refusal shall be forfeited if the Lessee fails to unambiguously express its full acceptance of the proposal on identical terms within thirty
(30) days from the date of the notice given in accordance with the terms and conditions set forth in item 24.2 (Right of First Refusal Notice). If the sale of the Property to third parties is consummated as provided for in item 24.1
(Right of First Refusal) during the term of this Agreement, this Agreement shall remain fully in force, and the Developer Lessor agrees to include, in the deed entered into in connection with the sale of the Property, the obligation of the
purchaser to abide by this Agreement, including by mentioning it in the relevant deed of transfer, for the specific purpose of disclosing this Agreement and provide for the continuance of its terms and conditions, so as to require such third-party
purchaser to strict comply therewith. 

 SECTION TWENTY-FIVE – NOTICES 

 

	25.1	Notices. All notices, judicial notifications, processes, summons, and other communications relating hereto shall be delivered in writing, shall bear the signature of the sender or be signed on behalf of the later, and
shall be sent by registered or return-receipt mail, through a Registry of Deeds and Documents, or, if necessary, by any other means contemplated in the Brazilian Code of Civil Procedure to the addresses indicated in the preamble to this Agreement,
it being understood that a scanned copy thereof may be sent by email to the following electronic addresses: 

 FW2 Logística e.
Developments Imobiliários S.A. 
 Att.: Mr. Gilson Schilis 

Address: Rua Funchal, 375, 4o andar 
 Vila Olímpia
– São Paulo, SP, Postal Code (CEP) 04551-060 

 Phone: (11) 2344-2999 

Email: gilson@fulwood.com.br 
 NS2.COM INTERNET S.A. 

Att.: Flávio Franco 
 Address: Rua Vergueiro, 943,
Liberdade 
 Postal Code (CEP): 01504-001 
 Email:
flavio.franco@netshoes.com 
 SECTION TWENTY-SIX – MISCELLANEOUS 
  

	26.1	Expenses. The Lessee shall bear (i) all the expenses relating to the recordation of this Agreement with the Real Estate Registry, in case it elects to record it, and (ii) any expenses relating to any other
registrations and/or filings required by governmental authorities, in case such registrations and/or filings are related to the activities of the Lessee. 

  

	26.2	Understandings of the Parties. This Agreement supersedes all prior contracts and understandings between the Parties in connection with the subject matter hereof. 

 

	26.3	Waiver/Novation. No failure of a Party to exercise any of its powers or rights under this Agreement shall constitute waiver by such party of such powers or rights hereunder or constitute a novation hereof. Any
amendments to this instrument, including to its exhibits, shall only be valid and binding upon mutual written agreement between all the Parties and the Assignee. 

 

	26.4	Monetary Obligations. The Lessee agrees to pay all its monetary obligations under this Agreement net of any taxes, expenses, withholdings, or any other present or future liabilities. 

 

	26.5	Capacity and Standing. Each Parte has full capacity and standing to execute this instrument, consummate all the transactions set forth herein, and perform all its obligations hereunder and has taken all corporate and
other measures that may be required to authorize such execution, implement all the transactions set forth herein, and perform all its obligations hereunder. 

  

	26.6	Execution of the Agreement. Neither the execution of this instrument nor the performance of the obligations of each of the Parties (a) violate any provision contained in its corporate documents or (b) violate
any law, regulation, or judicial, administrative, or arbitral order to which such Party is bound. 

  

	26.7	Validity of the Agreement. This instrument is validly executed and constitutes a legal, valid, and binding obligation enforceable against each of the Parties in accordance with its terms. 

 

	26.8	Representations of the Parties. The Parties expressly represent to each other that: 

  

	(a)	Each Party shall be capable of performing its obligations set forth in this instrument and shall act in good faith and with loyalty with respect thereto; 

 

	(b)	Neither Party is economically dependent on the other; 

  

	(c)	Neither Party is in a state of necessity or under coercion to execute this instrument and/or any other contracts and/or commitments relating thereto and/or has an urgency to so execute; 

 

	(d)	The discussions on the subject matter hereof were held, conducted, and implemented on their own free initiative; 

  

	(e)	Each Party is a sophisticated company and has experience in contracts similar to this instrument and/or to the other contracts and commitments relating thereto; and 

	(f)	The Parties were informed and warned of all the conditions and circumstances involved in the negotiation underlying this instrument which could their ability to express their will and were advised by counsel in such
negotiation. 

  

	26.9	Use of the Trademark and/or Name of the Parties. The Lessee hereby authorizes the Developer Lessor to issue a press release or to make a public disclosure of the provisions of this Agreement and arising therefrom, it
being understood that it may also use the trademark of the Lessee in its institutional materials or in the Funding process, in accordance with the applicable regulations of the Brazilian Securities Commission (CVM). 

 

	26.10	Finder’s Fee. The firms indicated below shall be entitled to an amount corresponding to the finder’s fee for this Lease, at a rate of fifty percent (50%) each, which shall be paid by the Lessee:
(i) Magnitude Gestão de Negócios Imobiliários Ltda. ME, located at Rua Padre Guilherme Pompeu, 01, Centro, Santana de Parnaíba, SP, Postal Code (CEP) 06501-055, enrolled with the Regional Council of Realtors (CRECI)
under No. 21.101-J and with the National Corporate Taxpayers Register of the Ministry of Finance (CNPJ/MF) under No. 67.494.252/0001-95, represented by Mr. Sr. Rômulo Ângelo Perico, enrolled with the Regional Council of
Realtors (CRECI) under No.: 75.197, and (ii) Representações Oliveira e Cia Ltda., enrolled with the National Corporate Taxpayers Register of the Ministry of Finance (CNPJ/MF) under No. 61.854.675/0001-92, with its principal
place of business at Rua Colonial, 317—Villa Velha—Postal Code (CEP): 06532-065, Santana de Parnaíba, SP, represented by Mr. Ivo Carlos Fermino de Oliveira, enrolled with the Regional Council of Realtors (CRECI) under
No. 79.777. 

 SECTION TWENTY-SEVEN – EXHIBITS 
  

	27.1	Exhibits. The following Exhibits are an integral part of this Agreement: 

 Exhibit I – Specifications 

Exhibit II – Works Schedule 
 Exhibit III – Legal
Project 
 Exhibit IV – Delivery and Acceptance Deed 

Exhibit V – Insurance Policy 
 SECTION TWENTY-EIGHT
– ARBITRATION CLAUSE 
  

	28.1	Construal of the Agreement. The terms and conditions of this Agreement shall be construed in accordance with the applicable law in the Federative Republic of Brazil, it being understood that any dispute, conflict,
controversy or complaint originating from or relating to this Agreement, including with respect to compliance herewith, performance and construal of the terms hereof (“Dispute”) shall be resolved by arbitration, in accordance with the
provisions below. 

  

	28.1.1	Place of Arbitration. The arbitration shall be conducted by the Arbitration and Mediation Center of the Brazil – Canada Chamber of Commerce (“CCBC”), in accordance with the CCBC Arbitration
Regulations (“Chamber Regulations”) in effect on the date of the request for arbitration. 

  

	28.1.2	Choice of the Arbitrators. The Dispute shall be decided by an arbitral tribunal composed of three (3) arbitrators (“Arbitral Tribunal”), one (1) of whom shall be appointed by the claimant and
one (1) appointed by the respondent, in accordance with the Chamber Regulations. The appointed arbitrators shall appoint, within fifteen (15) days, the third arbitrator, who shall be the Chairman of the Arbitral Tribunal, and who must not
necessarily be a member of the Group of Arbitrators of the CCBC. In case one of the parties fail to appoint an arbitrators or in case arbitrators appointed by them do not reach a consensus with respect to the appointment of the third arbitrator
within the term set forth in the Chamber Regulations, the Chairman of the CCBC shall make such appointment within at most fifteen (15) days as from the written request of any of the Parties. 

	28.1.3	Place of Arbitration. The place of arbitration shall be the City of São Paulo, State of São Paulo, Brazil, where the arbitral award shall be rendered. The arbitration shall be conducted in
Portuguese, and the arbitration shall be conducted in accordance with Law No. 13307, of September 23, 1996. The Arbitral Tribunal shall resolve the Dispute based on the provisions of this Agreement and only in case there is no contractual
provision based on the applicable Brazilian law, it being understood that judgment in equity shall be prohibited. All decisions of the Arbitral Tribunal must state their reasons, be rendered in writing and be binding between the parties. The partial
and/or final award and any other decision of the Arbitral Tribunal shall be final, binding and mandatory upon the parties and their successors. 

  

	28.1.4	Access to the Judicial Branch. Without prejudice to the validity of this arbitration clause, any of the parties may resort to the Judicial Branch, only for purposes of (i) ensuring institution of the
arbitration, (ii) obtaining provisional or urgent remedies to protect rights to guarantee a useful outcome of the arbitration, before institution of the arbitration, (iii) enforce any obligation noncompliance with which renders this
Agreement an enforceable instrument, and (iv) enforce any decision of the Arbitral Tribunal, including, without limitation, the arbitral award. The parties acknowledge that the Arbitral Tribunal may, in the event of item (ii) above, decide
on the grant of the provisional or urgent remedy claimed to the Judicial Branch, or on the upholding or revocation of any preliminary injunction or provisional remedy granted. 

 

	28.1.5	Jurisdiction Chosen by the Parties. The parties elect the exclusive Jurisdiction of the Judicial District of São Paulo, in the State of São Paulo, to hear and decide on the matters set forth in
Item 28.1.4 (Access to the Judicial Branch), as well as for any other applicable judicial relief in accordance with Law No. 13037/96. 

  

	28.1.6	No Waiver to Arbitration. The filing for any judicial relief contemplated in this section shall not be deemed a waiver of the arbitration clause or of the absolute jurisdiction of the Arbitral Tribunal.

  

	28.1.7	Costs. Except for the attorneys’ fees, which shall be paid by each Party individually, the other expenses and costs shall be supported by one or by both parties, as decided by the Arbitral Tribunal.

  

	28.1.8	Confidentiality of the Arbitral Proceeding. The Parties shall grant confidential treatment to any and all pieces of information relating to the arbitration. 

 

	28.1.9	Consolidation of Discussions in the Arbitral Proceeding. The Arbitral Tribunal is hereby authorized to decide on matters relating to this Agreement, but the obligations of which are included in other instruments,
and they may, as the case may be, consolidate arbitration proceedings subsequently instituted based on these Instruments. The Arbitral Tribunal that is first instituted shall be competent to join proceedings, and it shall, when deciding on the
convenience of the consolidation, take into consideration that: (i) the new dispute has questions of fact and of law in common with the pending dispute; (ii) none of the parties to the new dispute or to the pending dispute are harmed; and
(iii) the consolidation in that circumstance does not result in unreasonable delays to the pending dispute. Any determination of consolidation issued by an arbitral tribunal shall be binding upon the parties involved in the proceedings in
question. 

 IN WITNESS WHEREOF, the Parties execute this Agreement in three (3) counterparts of same contents and form, in the presence
of two (2) witnesses. 
 São Paulo, November 5, 2014. 

(signatures on the next page) 

(the remainder of this page has been intentionally left blank) 

 (Signature page of the Private Instrument of Property Lease Agreement and Other Covenants executed on
November 5, 2014, between FW2 Logística e Empreendimentos Imobiliários S.A., NS2.Com Internet S.A. and RCA Gerenciamento e Fiscalização Ltda.) 

 

					
		 		 	
			
	/S/    FW2 LOGÍSTICA E EMPREENDIMENTOS IMOBILIÁRIOS S.A.        	 		 	/S/    FW2 LOGÍSTICA E EMPREENDIMENTOS IMOBILIÁRIOS S.A.        
	Developer Lessor	 		 	Developer Lessor

  

					
		 		 	
			
	/S/    NS2.COM INTERNET S.A.        	 		 	/S/    NS2.COM INTERNET S.A.        
	Lessee	 		 	Lessee

  

					
		 		 	
			
	/S/    RCA GERENCIAMENTO E FISCALIZAÇÃO LTDA        	 		 	/S/    RCA GERENCIAMENTO E FISCALIZAÇÃO LTDA        
	Manager	 		 	Manager

 Witnesses: 
  

									
					
	1. By:	 	/S/    MARCIO CHAMMAS      	 		 	2. By:	 	/S/    ISABEL CRISTINA BARENO        
	Name:	 	Marcio Chammas	 		 	Name:	 	Isabel Cristina Bareno
	ID (RG):	 	28.223.379-9	 		 	ID (RG):	 	25.183.376-8-SSP/SP
	Taxpayer Card (CPF): 303.669.318-14	 		 	Taxpayer Card (CPF): 183.039.288-96

 Private Instrument of Built-to-Suit Property Lease Agreement and Other Covenants 

EXHIBIT I 
 SPECIFICATIONS 

CONSTRUCTION EXPANSION CONDOMINIUM 
 FERNÃO DIAS 

EXTREMA – STATE OF MINAS GERAIS 
 Review 02 –
November 13, 2014 
 SPECIFICATIONS 
 OF 28,954.50 M2 EXPANSION 
 1.1. INTRODUCTION 

The development Fernão Dias – Extrema / State of Minas Gerais (MG) is located at Rodovia Fernão Dias s/n km 889,5 – District Pires,
under title record No. 7254 of the C.R.I, with 111.128m2, and it is composed of 5 existing warehouses and contemplates an expansion of
28,954.50m2, composed by 1 warehouse with an area of 24,280.48 m2 on the ground floor and 3,336,00 m2 on the mezzanine, with a total area of 27,616.48 m2 and 1 2-storey Administrative building, Reception and other technical premises, water tank and
pump house, totaling a built area of 54,632.73 m2. Parking lot with 186 parking spaces for cars internally, and for trailers there are 18 docks to be built. 

1.2. RULES AND SPECIFICATIONS, 
 Execution of the services
shall strictly comply with the requirements of rules and/or specifications, testing methods and terminology established by the ABNT, (ASTM, DIN and others), applicable provisions of the applicable law relating to materials, security, protection,
facilities and other aspects of the constructions, in addition to recommendations, Instructions and specifications of manufacturers/suppliers of materials. 

The rules and codes observed are: 
  

	•	 	ABNT – Brazilian Association of Technical Standards 

  

	•	 	NBR 9050/94 – accessibility of people with disabilities to buildings, furniture and urban equipment. 

 And
others specified to each particular unit of the utility systems. 
 1.3. GENERAL CRITERIA FOR EXECUTION 

 

	a.	The Development shall be built in accordance with the sustainability criteria. 

  

	b.	The specified and applied materials and systems have been selected after specialized research and consultations and they are considered the most appropriate to meet the technical and aesthetic requirements of the
project; any recommendations of equivalent products may replace those specified, provided the quality and suitability thereof are duly proven. 

  

	c.	The projects and technical specifications for the manufacturing, assembly or installation of the following materials and services have been prepared: industrial floors, tempered glass structural systems, special doors,
industrial doors, windows, shutters, grids, metal coatings, office partitions, sanitary partitions and metal roofs. 

  

	d.	Prior to the acquisition of the materials or to commencement of the execution of the services, samples of all materials shall be provided for approval, in addition to field samples for finishing services of floors,
masonry, frames, structural systems for tempered glass, glass blocks, waterproofing, wall coating, metallic coating, roofs and paintings, to be kept at the construction site until termination thereof. These samples shall be used for comparison with
the materials to be used or already used. 

	e.	The receipt or use of all material that, at the time of delivery to the works, during the verification that shall precede the use thereof or during execution of the services, are defective and/or have characteristics
that differ from these tables of materials, samples/prototypes or manufacturing / installation / assembly drawings shall be challenged. 

 

	f.	The materials and systems applied are warranted against defective material and application for a term of at least five (5) years, agreeing to repair or replace any defective materials or services that become
apparent during the warranty period without any additional burden to the Owner. 

 1.4. DIVIDING FENCE 

Execution of grid with lattice DEFENCE standard, with apparent foundation of 0.20m, total useful foundation of 2.43m. Assemblies with amounts of steel tubular
profiles measuring 60x40x1,5mm painted every 2,00m with placement of panels of galvanized painted welded electro steel mesh measuring 50x200x4,80mm, fixation details according to the manufacturer’s standards. Locks with gates that will open
electronically in the same material of the lattice, involved in 3,00 cm Metalon, as well as the pedestrian locks in the reception, the finishing of the whole set will be painted. The installation of tire killers at the entrance is contemplated. 

1.5. WAREHOUSES 
 1. MAIN STRUCTURE 

The pillars, beams and slabs of the warehouses in pre-molded reinforced concrete, free height from the floor to the bottom of the metal structure 12.00m. 

Useful accidental overcharge of the office mezzanine equal to 500,00kg/m2, pursuant to ABNT-NBR
rule 6120. The free span between the mezzanine floor and the coverage will be 6.00m. 
 2. EXTERNAL SEALING 

The external sealing in the warehouse shall be made with 0.19 m thick concrete blocks, prime finishing quality up to h=3.00 m, with openings for ventilation
through the space between the metal structure and masonry. Above this height, it will be closed with trapezoidal metal tiles installed vertically. 
 3.
COVERAGE (outside the scope of Civil Construction). 
 The structure of the cover is metallic, Composed of scissors, metal trimming, painted white, fully
screwed with bracing and lashings, admissible overload of 20.00kg / m2 + 20.00kg / m2, Galvanized zipped coverage tiles with external face
painted white, with thickness greater than or equal to 0.55 mm, with translucent alveolar polycarbonate tiles and a “Roberts type” natural ventilation system, which provides air changes per hour in each warehouse. 

4. INTERNAL FLOOR 
 The sheds will have laser-leveled
concrete floor with chemical cure for a load capacity of 5.00t / m2 and 5t specific load, for pallet holder support when supported by steel plates measuring 0.20 x 0.20 m, superficial layer will receive the application of surface hardener, according
to the specific floor project. 
 In the mezzanines, laser-leveled concrete floors with load capacity for the installation of offices and storage with
capacity of up to 500.00 kg/m2, the mezzanine floor will be free from end to end, except for the bathrooms at the end of each module. 

Docks floors in interlocked 16-sided prefabricated concrete parts, 0.08m thick for heavy traffic. 

5. DRESSERS, GROUND FLOOR BATHROOMS AND MEZZANINE 

FLOOR: Heavy traffic PI-5 standard ceramic in white gray. 

CEILING: Apparent slab with treated concrete. 

 WALL: First-rate 15x15cm ceramic, color snow white, 2.10m high, the rest will receive acrylic latex paint
on the block. 
 SANITARY WARE: Two-piece toilet (CP929) with double drive 3 and 6L, CD00F universal coupled tank P 909 Toilets for coupled tank, ice
white color + plastic seat (AP50), both from Ravena Line from Deca, Ravena L91 column washbasin—DECA—white ice color. 
 METALS: DECAMATIC
ECO LINE with 1.8L/min flow restrictors and shower with flow restrictors that limit it in at most 8.0L/min, electric with operation with DR with 2 adjustments and disconnection. 

SANITARY PARTITIONS: Partitions in structural TS panels ALCOPLAC Line from NEOCOM or similar. 

DOOR FRAME: Granite Baguettes in swallow gray door width e=2cm. 

Women’s locker room scheduled execution: 32 lavatories, 32 basins and 16 showers. 

Men’s locker room scheduled execution: 28 lavatories, 24 basins, 8 urinol and 12 showers. 

6. PNE BATHROOM GROUND FLOOR 
 FLOOR: Ceramic
pattern PI-5 for heavy traffic in white gray. 
 CEILING: Apparent slab with treated concrete. 

WALL: First-rate 15x15cm ceramic, color snow white, 2.10m high, the rest will receive acrylic latex paint on the block. 

SANITARY WARE: Two-piece toilet (CP929) with double drive 3 and 6L, CD00F universal coupled tank P 909 Toilets for coupled tank, ice white color +
plastic seat (AP50), both from Ravena Line from Deca. Lavatory with Ravena L91 – DECA column – ice white color + Safety bars in stainless steel for support and access. 

METALS: High tap – TARGA DECAMATIC LINE with 1.8L/min. flow restrictors. 

DOOR FRAME: Granite Baguettes in swallow gray door width e=2 cm. 

Scheduled execution for the PNE: 4 lavatories and 4 basins 

7. COATINGS 
 The façade of the offices shall be
treated with external paint, ACRÍLICO FOSCO PREMIUM of SUVINIL on the masonry of blocks in the colors specified in the plan. The walls of the warehouse will be finished in PVA paint directly on the apparent block with previous application of
sealer, also externally with previous application of sealer. 
 8. ALUMINUM FRAMES 

The frames of the façade will be in aluminum Line 25, 2 mm thick with finishing in electrostatic painting in the color defined in plan. 

Counter-marks will be used in the lower and lateral sides of the span and in the upper part of the span expansion joints will be made horizontally with
profiles of 40x30mm with 4 neoprene gaskets. 
 Reversible articulated arms for cleaning and closures of the FERMAX or PROMEL brand will be used in the
Maxim-air frames. Epdm and or neoprene gaskets will be used to fix and seal the glasses, and a neutral silicone seal will be applied to the gaskets. 

9. EXTERNAL AREAS 
 External sidewalks around concrete
buildings executed with CP-III cement with broom finish and treated joints, in light gray. 

 New floor of inner streets will be executed in interlocking pieces of 16-sided precast concrete of high
resistance, in the regions of heavy traffic, which shall be 8.00 cm thick and in the regions for the parking of light vehicles, in 16-sided interlocked precast pieces of medium resistance, which shall be 6.00 cm thick. 

Concrete resistance 50 Mpa. 
 Solar reflection index =
SRI 29 
 1.6. RECEPTION 
 1. SERVICE BUILDING
(armored) 
 STRUCTURE: in concrete pre-molded parts 

CLOSINGS: in painted concrete blocks filled with sand. 

FINISHINGS: walls: acrylic latex painting. 

FLOORS: heavy traffic ceramic PI-5 standard. 

COVERAGE: Waterproofed pre-molded slab in the buildings and zipped roof tile structure in the area servicing heavy and/or light vehicles. 

2. BATHROOMS 
 FLOOR: Heavy traffic PI-5 standard
ceramic 
 CEILING: Treated slab painted with acrylic latex. 

WALL: 15x15cm, h=2,10m ceramic. 
 SANITARY WARE:
Basin with coupled tank (CP 929) with double drive 3 and 6L. CD00F universal coupled tank P 909 Toilets for coupled tank, ice white color + plastic seat (AP50), both from Ravena Line from Deca. Lavatory with Ravena L91 column – DECA – ice
white color. 
 METALS: Targa Line – DECAMATIC with 1.8L/min. flow restrictors. 

DOOR FRAME: Granite Baguette in swallow gray door width e=2 cm. 

1.7. ADMINISTRATIVE BUILDING 
 FLOOR: Heavy traffic
PI-5 standard ceramic Hercules line, in gray, of CECRISA 
 CEILING: Painted plasterboard. 

WALL: PORTOBELLO 10X10 Ceramic Linha Arquiteto Design in white and paint with Suvinil paint for plaster, on plaster finishing, limits between the two
materials divided with a treated wooden bar. 
 Wash hand basin: Corumbá Gray Granite with white universal DECA oval basin and Targa line
metals – DECAMATIC. 
 2. KITCHEN 
 FLOOR:
Anti-slip ceramic with extra anti-acid setting grout. 
 CEILING: Giprex removable ceiling 

WALL: 20x20cm Ceramic, Legacy Line, in white and grout in the same color. Installation according to the sanitary surveillance rules. 

EQUIPMENT: All hydraulic, sewage, electric points will be installed awaiting industrial equipment, as well as any exhaust system will be installed by
the condominium. 
 DOOR FRAMES: Swallow grey granite baguettes door width e=2 cm, separating the main environments. 

 3. BATHROOMS 

FLOOR: Heavy traffic PI-5 standard ceramic 

CEILING: Painted plasterboard. 
 WALL: 15x15cm,
h=2,10m ceramic. 
 SANITARY WARE: Two–piece toilet (CP929) with double drive 3 and 6L. CD00F universal coupled tank P 909 Toilet for coupled
tank, ice white color + plastic seat (AP50), both from Ravena Line from Deca, Ravena L91 column washbasin—DECA—white ice color. 

METALS:—DECAMATIC ECO LINE with 1,8L/min flow restrictors and shower with flow restrictors that limit it in at most 9L/min, electric with
operation with DR with 2 adjustments and disconnection. 
 DOOR FRAME: Granite Baguette in swallow gray door width e=2 cm. 

4. STORAGE ROOM 
 FLOOR: High traffic PI-5 standard
ceramic, with skirting in the same material. 
 CEILING: Painted plasterboard ceiling. 

WALL: Suvinil paint for plaster, on single spackling, 

DOOR FRAME: Granite Baguette in swallow gray door width e=2 cm. 

DIVIDING WALLS/EQUIPMENT: To be installed by the condominium. 

5. REST 
 FLOOR: High traffic PI-5 standard
ceramic, with skirting in the same material. 
 CEILING: Painted plasterboard ceiling. 

WALL: Suvinil paint for Plaster, on plaster finishing. 

SKIRTING: Hércules line 7x31 ceramic code GR A5 3501 53 gray color of CECRISA 

LUMINARIES: Fluorescent 2x 32 w standard. 
 DIVIDING
WALLS/EQUIPMENT: To be installed by the condominium. 
 6. HALL 

FLOOR: High traffic PI-5 standard ceramic, with skirting in the same material. 

CEILING: Painted plasterboard ceiling. 
 WALL:
Suvinil paint in acrylic vinyl latex on single spackling. 
 3.1. Iron Mettalic 

Frames and Doors: generally structured with metalon or similar and closures with plate thickness No. 16, simple, water-based antioxidant treatment
with low emission of organic compounds, finishing with water-based enamel paint in graphite color. 
 Dock Doors: overhead doors, structured in
metalon or similar with trapezoidal steel plate finish, painted in white, water-based paint, manual activation with the aid of counterweights. 

Stairs: structured with metal profiles and plates, finishing of steps and landing in plaited plate to meet the safety standards of the Fire Department
and the Architecture project. 
 Guardrail: in tubular profile fixed to the mezzanine structure and in accordance with the safety regulations of the
Fire Department and the Architecture Project. 

 Any paint will be water based, either the antioxidant or final enamel. 

3.2. ALUMINUM FRAMES 
 The frames of the façade
will be in aluminum Line 25 with finishing in electrostatic painting in the color defined in project. The maximum percentage of recycled aluminum shall be used in the aluminum profiles. 

Counter-marks will be used in the lower and lateral sides of the span and in the upper part of the span expansion joints will be made horizontally with
profiles of 40x30mm with 4 neoprene gaskets. 
 Reversible articulated arms for cleaning and closures of the brand FERMAX or PROMEL will be used in Maxim-ar
frames. Epdm and or neoprene gaskets shall be used to fix and seal the glasses, and a neutral silicone seal will be applied to the gaskets. 
 Doors with
core in reforested wood, which should have FSC certificate, ready to receive water-based enamel paint, fast dry, semi-matte in white, Pado brand hardware or similar robust standard. Wood products require INVOICE WITH THE COC (CUSTODY CHAIN) NUMBER.

 Windows: Simple glasses, colorless according to thickness, with window opening, sealed with neoprene gaskets, minimum thickness 5 mm. 

Reception: Armored Glass 
 6.1.
ELECTRICAL GRID 
 1. POWER INLET 

The interconnection point of the concessionaire’s overhead grid, class 15 kV, will be through the existing grounded inlet. The voltage drop between the
power supply and the consumption end point cannot exceed 3.00%, as established by ASHRAE 90.1-2007 rule. 
 2. EXTERNAL MEDIUM-VOLTAGE GRID 

The distribution network was designed in accordance with Bragantina standards and it shall be executed according to the specifications of this Concessionaire.

 The condominium is fully liable for this grid, it will be grounded. 

3. TRANSFORMERS 
 A 750 Kva three-phase transformer shall
be used to the warehouse, and 1 150 kVA transformer to the management, frequency 60Hz, NB1 95kV, 
 In order to protect transformers against overvoltage
surges, three 12 kV (10ka) grounded polymeric lightning arresters shall be used, duly interconnected and grounded. 
 There will be a meter of the
Concessionary for the warehouse with provision of One QGBT with 6 circuit breakers for distribution of the main loads, in addition to the lighting circuit breakers and service outlets and to the common area of the Condominium. 

4. LIGHTING AND DISTRIBUTION 
 a) Warehouses: 

Stock area: The warehouse’s lighting distribution shall be made by galvanized profiles, and cables with 750 (sic) insulation 

The lighting devices to be installed will be equipped with 4x T5 luminaires. All luminaires will be supplied complete with lamps with low levels of mercury,
reactors, ignitors, sockets etc. and, whenever necessary, the power factor must be corrected in each piece of equipment. A minimum of 0.93 and a maximum of 0.98 shall be accepted. These luminaires will be supplied with a voltage of 220 v [F + F +
T]. All luminaires will be connected with PP 3 x 1.5 mm2 (2P + T) cable with plug and socket in the profile. They must meet the mandatory items of ASHRAE 90.1-2007 rule. 

 Bathrooms and Dressing Rooms: In these areas the lighting will be carried out basically through luminaires
equipped with T5 or T8 fluorescent lamps. The specifications of the devices and the lamps is in the equipment specifications. All appliances shall be new and shall be complete with lamps, reactors, ignitors, sockets etc. 

Mezzanines: In these areas the distribution networks for sockets and luminaires will not be executed, and only the general distribution framework will be
ready for future interconnections. 
 b) Common Administrative Areas: In these areas the lighting will be carried out basically through luminaires
equipped with T5 fluorescent lamps. The specifications of the devices and lamps is contained in the equipment specifications. All pieces of equipment will be new and must be complete with lamps, reactors, ignitors, sockets etc., and the power factor
must be corrected in each piece of equipment whenever necessary. A minimum of 0.93 and a maximum of 0.98 shall be accepted. These luminaires will be fed with a 220 v [F + N + T] voltage. 

All luminaires will be connected with PP 3 x 1.5 mm2 (2P + T) cable with plug and socket in the profile. The distribution of lighting and sockets on the
ground floors and mezzanine will be made through galvanized profiles with cover and galvanized iron electro ducts. 
 c) External lighting in the new
area: Installation of poles with 12.00m R lighting poles with 250w high-power metallic steam lighting in the parking lots and external and internal areas of the development. 

All posts shall be grounded and interconnected to the general grounding grid. 

d) Anti-panic lighting: Auxiliary anti-panic lighting systems installed – foglamp type fed through batteries that will light instantly as soon as
the power outage occurs. 
 These luminaires will be of the separate block type with built-in battery for at least 60 minutes of power. The blocks with
output indication will be equipped with compact fluorescent lamps of 9 w high performance. 
 6.2. DRY NETWORK TELEPHONE DISTRIBUTIONS 

All feeding pipes of the main DG installed at the Reception DG TELEMIG and partial boards will be executed in kanatex polyethylene ducts. The boards shall be
in accordance with the TELEBRAS standard. 
 The general project consists of executing the internal distribution network interconnecting the Administrative
building and Warehouses to the general DG according to the Telebrás rule. Pipes to feed distribution boards on the ground floor and mezzanine shall be made in the warehouses. 

The specific design with telephone analysis involves only from the inlet pipe to the general distributor located in the reception. This feed shall be approved
by the telephone company before execution thereof. 
 6.3. FORECASTS FOR FUTURE INSTALLATION OF SYSTEMS, VOICE, DATA AND CCTV NETWORK 

A network of dry pipes was provided by means of polyethylene ducts of the kanalex type and passage boxes with concrete cover, a waiting box on the ground floor
was forecast for each warehouse. 
 The purpose of this network is to be used, in the future, for implementation of fire detection systems, computer cables,
sound and other systems. 
 The installation of a CCTV system for external monitoring of all Condominium is forecast. 

6.4. ELECTRIC SHOCK PROTECTION SYSTEM 
 For protection of
the warehouses and administration building, natural descents by means of 1 3/8 CA-25 steel iron to be added and concreted with the pillars fittings have been designed. 

 In the roofs, protection nets have been designed by means of 35 mm bare copper ropes fixed to the tiles with
connectors and interconnected with the irons of the descents by means of exothermic welding, forming a “Faraday Cage” system. 
 Grounding
networks will be buried in the ground by means of 50 mm bare copper ropes and grounding electrodes. 
 The interconnection of the descent iron with the
grounding network on the floor shall be made with exothermic welding housed in a box at 0.50 m from the floor. The electrodes and ropes shall not be near the foundations, and they shall be at least 0.60 meter deep. 

The maximum resistance shall not exceed 10 OHMS at any time of the year. 

6.5. HYDRAULIC AND SEWAGE SYSTEM 
 a) DRINKING
WATER: A 830 m3 water tank is planned, next to the support parking lot, of which 180 m3 is designed of consumption and 650 m3 for fire
reserve. There will be a set of pumps coupled to a pressure tank and frequency inverter (Cecatto Type), which will supply the warehouses. There will be a separate water meter for each warehouse and the administrative part. 

b) SEWAGE: There will be a main sewage network in the internal street that will capture from the toilets of the warehouses of the common areas and of
the administrative buildings, which will follow to a Sewage Treatment Station (ETE), which will recover the water in the tank for reuse in the Condominium basin system and or for irrigation. The sewage collection networks will be carried out with
White PVC pipes and fittings, with appropriate inspection boxes to made of concrete rings or coated concrete blocks. 
 c) RAINWATER: Rainwater
coming from the roof of the development shall be captured by means of hemispheric grills installed in the gutters and directed to drop tubes with diameter according to the project. The columns will descend near the pillars to the floor, where they
will be diverted outside the development. 
 Rainwater captured from the roofs will be horizontally driven with a minimum angle of 0.5% to the collection
tank for a partial extravasation to the channel existing next to the development. The entire system will be driven by gravity and the conductors must work freely. The minimum angles will be 0.5% for horizontal pipes, 

In order to capture the water in the traffic routes, a reinforced concrete structure will be executed with gratings in the center, interconnected to the
capture networks. The gratings shall be placed every 20.00m. 
 6.6. FIRE PROTECTIONS 

Protection system composed of hydrants, sprinklers, extinguishers, alarm system and emergency lighting. 

HYDRANTS: The HDPE distribution pipe will measure 100.00mm and it will run through the central street, it will be grounded and feed the various points
inside the warehouses. The internal distribution network will measure 100.00mm and it shall have with a meter, which shall be distributed in order to protect all points of the development with a hose of at most 30 meters, or as required by the Fire
Department of Minas Gerais. 
 SPRINKLERS: Sector automatic shower system automatically activated by temperature increase, causing the pressurized to
sprinkle through pumps to generate a pressure of approximately 11 kg. 
 The pump house next to the reservoir located in the parking lot will have a set of
pressurizing pumps, the hydrant system and the sprinkler system. The criteria of the rules of the Fire Department of the State of Minas Gerais shall be used for dimensioning purposes. 

A distribution network shall be made on the roof, with K-22 sprinkler nozzles in the category above 1200MJ/
m2. 
 The buried firefighting tubes will be made of HDPE. 

 Private Instrument of Built-to-Suit Property Lease Agreement and Other Covenants 

EXHIBIT II 
 WORK SCHEDULE 

CONDOMÍNIO FERNÃO DIAS BUSINESS PARK (PHASE II) 

PLACE EXTREMA-MG 
 BASIC TIME SCHEDULE 

EXHIBIT 
  
 

 
 Private Instrument of Built-to-Suit Property Lease Agreement and Other Covenants 

 EXHIBIT III 
 LEGAL
PROJECT 
 MUNICIPAL GOVERNMENT OF EXTREMA 
 MINAS GERAIS 

CONSTRUCTION PERMIT 
  

					
	 FISCAL YEAR: 2014
	  	NUMBER: 389/14	  	VALIDITY: 24 months

 The Mayor of Extrema, in performance of his duties, grants to FW2 Logística e Empreendimentos
Imobiliários S/A, CNPJ: 17.943.815/0001-07, a permit to BUILD an industrial building, with built area of 28,954.50m2 on a
tract of land measuring 111,128.00m2, located at Estrada Municipal Maria Margarida Pinto “Dona Belinha”, District Pires, Extrema – State of Minas Gerais, in accordance with the
schematic design approved by the Works and Urbanism Office on October 15, 2014, authored by Giovani Batista da Silva, who is technically in charge, CREA 77.349/0, for which it has paid the applicable fees. 

If the works are not completed at the end of the validity, this Permit shall be renewed. 

Extrema, October 16, 2014. 
  

			
	 /S/    LEANDRO TEODORO
DE ALMEIDA
	  	/S/    GIOVANA ZECCHIN
	Leandro Teodoro de Almeida	  	Giovana Zecchin
	 Urbanism Office
	  	Chief of Staff

 This permit shall be displayed in a prominent place. 

Case No. 1625/14 
  

 

 

 

 

 

 

 

 
 Private Instrument of Built-to-Suit Property Lease Agreement and Other Covenants 

 EXHIBIT IV 

DELIVERY AND ACCEPTANCE DEED 
  

	1.	On November 5, 2014 NS2.COM INTERNET S.A., enrolled with the Corporate Taxpayers Register of the Ministry of Finance (CNPJ/MF) under No. 09.339.936/0001-16, herein represented in the form of its By-laws (“Lessee”) executed with FW2 LOGÍSTICA E EMPREENDIMENTOS IMOBILIÁRIOS S.A., enrolled with the CNPJ/MF under No. 17.943.815/0001-07, herein represented in the form of its articles
of incorporation (“Developer Lessor”) and with RGA GERENCIAMENTO E FISCALIZAÇÃO LTDA., enrolled with the CNPJ/MF under No. 04.662.437/0001-41, represented in the form of its articles of association (“Manager”)
the Private Instrument of Built-to-Suit Property Lease Agreement and Other Covenants “Lease Agreement”. 

  

	2.	In accordance with the provisions of the lease agreement, the Developer Lessor was responsible for building a real estate development (“Building”) to be implemented in the property that is the subject of title
record No. 7.254 of the Real Estate Registry of the Judicial District of Extrema, State of Minas Gerais, with a total land area of one hundred and eleven thousand, one hundred and twenty-eight thousand
square meters (111,128.00m2). 

  

	3.	The Building was built by the Developer Lessor on an undivided interest of the property described above, with a total area of twenty-eight thousand, six hundred and fifty-six square meters and eighty square centimeters
(28,656.80m2) and it corresponds to warehouses F, G, H and I, located at Rua Margarida Pinto Dona Belinha, 742, pavilion B, module 3, District Pires, located at KM 891,50 of Rodovia
Fernão Dias, Industrial District, in the Judicial District of Extrema, State of Minas Gerais, Postal Code 37640-000. 

 In view of the
compliance with the obligations of the Developer Lessor, Lessee hereby represents that it received the Building ready and finished, with all specifications contained in the Lease Agreement, and that it has not detected any apparent defect. 

Lessee further represents (i) that it agrees with the technical and finishing specifications of the Building; (ii) that the works of the Building
have been made by the Developer Lessor and 
 Private Instrument of Built-to-Suit Property Lease Agreement and Other Covenants 

EXHIBIT IV 
 monitored by the Manager in accordance with the
applicable technical rules, and that there is no complaint to be made. 
  

					
			
	/S/    FW2 LOGÍSTICA E EMPREENDIMENTOS IMOBILIÁRIOS S.A.         	 		 	/S/    FW2 LOGÍSTICA E EMPREENDIMENTOS IMOBILIÁRIOS S.A.         
	 Developer Lessor
	 		 	 Developer Lessor

  

					
			
	/S/    NS2.COM INTERNET S.A.        	 		 	/S/    NS2.COM INTERNET S.A.        
	 Lessee
	 		 	 Lessee

  

					
			
	/S/    RCA GERENCIAMENTO E FISCALIZAÇÃO LTDA        	 		 	/S/    RCA GERENCIAMENTO E FISCALIZAÇÃO LTDA        
	 Manager
	 		 	 Manager

 Private Instrument of Built-to-Suit Property Lease Agreement and Other Covenants 

EXHIBIT V 
 INSURANCE POLICY 

EXHIBIT – ENDORSEMENT SPECIFICATIONS 
  

							
	 LINE
	  	TYPE	  	RELATING TO POLICY	  	ENDORSEMENT No.
	 FIRE
	  	RN	  	No. 03.96.1831	  	00001
	  
 INSURED: FULWOOD
EMPREENDIMENTOS IMOBILIÁRIOS LTDA.

	 NATIONAL CORPORATE TAXPAYERS REGISTRY (CNPJ): 07.570.438/0001-54

 We hereby represent, for the due purposes and effects, that the following amendments are made to this policy: 

 

	1)	Effectiveness: 

 From midnight on March 20, 2014 to midnight on October 10, 2014 

 

	1)	Inclusion of Place of Risk 

 Address: Maria Margarida Pinto Dona Belinha, 742 – Pavillion B –
Former Rua Eduardo Gomes Pinto—Extrema – Minas Gerais 
 Value at Risk – Property Damage–R$42,150,000.00 

Value at Risk – Loss of Profits – R$7,740,509.40 

COVERAGE ONLY FOR BUILDING 
  

	2)	Exclusive Deductibles for Site 7: 

 Fire/Lightning/Explosion – 15% of the losses with a minimum
amount of R$1,000,000.00 
 Loss of Profits resulting from Fire/Lightning/Explosion – 15 days 

 

	4)	Prorated Net Premium 

 R$37,178.68 

 

	5)	Distribution of Liability 

 Allianz Seguros: 50% 

Itaú Seguros: 50% 
 Other conditions of the policy
remain unchanged. 

 FIRST AMENDMENT TO THE PRIVATE INSTRUMENT OF PROPERTY LEASE AGREEMENT AND OTHER COVENANTS

 By this private instrument and on the best terms of the law, the parties: 
  

	(A)	FW2 LOGÍSTICA E EMPREENDIMENTOS IMOBILIÁRIOS S.A., a joint stock company with its head-office at Rua Funchal, No. 375, Suite 41, Room 11, District of Vila Olímpia, in the City of
São Paulo, State of São Paulo, enrolled with the National Corporate Taxpayers Register of the Ministry of Finance under CNPJ/MF No. 17.943.815/0001-07, with its articles of incorporation filed with the Commercial Registry of the
State of São Paulo (JUCESP) under NIRE No. 352274430.866, with its Articles of Association registered with the JUCESP on June 4, 2014, herein represented on the terms of its articles of incorporation, in its capacity of
“Developer Lessor”, hereinafter referred to as such: 

  

	(B)	NS2.COM INTERNET S.A. a joint stock company with its with its head-office at Rua Vergueiro, No. 943, District of Liberdade, in the City of São Paulo, State of São Paulo, Postal Code 01504-000,
enrolled with the National Corporate Taxpayers Register of the Ministry of Finance under CNPJ/MF No. 09.339.936/0001-16, with its acts filed with the Commercial Registry of the State of São Paulo (JUCESP) under NIRE No. 35300375491,
herein represented on the terms of its Articles of Association and other applicable corporate acts, in its capacity as “Lessee”, hereinafter referred to as such; and 

 

	(C)	RCA GERENCIAMENTO E FISCALIZAÇÃO LTDA. a limited liability company with its head-office at Rua Visconde de Nácar, No. 185, Suite 41, in the City of São Paulo, State of São
Paulo, enrolled with the National Corporate Taxpayers Register of the Ministry of Finance under CNPJ/MF No. 04.662.437/0001-41, herein represented on the terms of its Articles of Association, in its capacity as “Manager”,
hereinafter referred to as such; 

 The Developer Lessor and the Lessee, when acting jointly, shall be named simply as
“Parties” and severally as “Party”. 
 WHEREAS 

 

	(i)	The Parties executed on November 5, 2014 the Private Instrument of Property Lease Agreement and Other Covenants (“Lease Agreement”) having as its subject-matter the lease of the constructed area
(“Shed”) in the Fernão Dias Business Park Real Estate Development (“Development”), located at Municipal Road Maria Margarida Pinto Dona Belinha No. 742, District of Pires in the Municipality of Extrema, State of Minas
Gerais. 

  

	(ii)	In the mentioned Lease Agreement the Developer Lessor agreed to construct the Shed for the LESSEE, in an undivided interest of the Development Property. The execution of the works occurred during the term of
effectiveness of the contractual period. 

  

	(iii)	The Lease Agreement provided for the delivery of the Shed with a built area of 28,656.80m2. 

 

	(iv)	On October 21, 2015 the Municipal Government of Extrema issued the pertinent “Occupancy License”, a document approving the Shed, enabling its occupation, showing total measurement of 28,954.50m2. 

  

	(v)	On October 23, 2015 the Parties conducted an in loco inspection, which gave rise to the Final Inspection Report and, on the same date, the Instrument of Delivery and Acceptance of the Work (Exhibit 1)
was executed. 

  

	(vi)	Pursuant to Section 7.1.1 of the Lease Agreement, the Parties must execute an amendment to the Lease Agreement to formalize the Lease Term Start Date. 

The Parties have agreed to enter into this First Amendment to the Private Instrument of Property Lease Agreement and Other Covenants (“First
Amendment”), to be governed by the following terms and conditions: 

	1.	It is hereby defined that the Lease Term Start Date is October 23, 2015 and the Lease Term Ending Date is October 22, 2020. 

 

	2.	As from the Lease Term Start Date, the Lessee shall begin to perform its contractual obligations, particularly those provided in Section 13.2 of the Lease Agreement, when it is certain that, as regards the payment
of the first (1st) rent, the grace period provided in Section 9.1.1. is excepted, establishing February 1, 2016 as the date for initial payment, in accordance with the detailing
shown in the table designated in Section 5 below. 

  

	3.	The amount of the rent that was previously defined as being five hundred and seventy-three thousand, one hundred and thirty-six Reais (R$573,136.00) shall be altered, inasmuch as the measurement of the shed
incurred a minor variance, changing from 28,656.80m2 to 28,656.52m2. Considering the tax basis of R$20.00/m2, the new rental amount is five hundred and seventy-three thousand, one hundred and thirty Reais and forty cents (R$573,130.40). 

 

	3.1.	The amount of the rent provided above, adjusted by the IPCA/IBGE (Broad Consumer Price Index/Brazilian Institute for Geography and Statistics) on the terms of Section 10.1.1 (restated by the variance of the IPCA
from October/2014 to September/2015), now amounts to six hundred and twenty-seven thousand, five hundred and thirty-eight Reais and seventy-one cents (R$627,538.71). 

 

	4.	In compliance with Section 26.10 of the Lease Agreement, the LESSEE shall pay, after the first month of grace period, i.e., on December 23, 2015, the commission for intermediation of the business, the amount
of the rent, in a proportion of fifty percent (50%) to the following companies: (i) Magnitude Gestão de Negócios Imobiliários Ltda. ME, established at Rua Padre Guilherme Pompeu, No. 1, Downtown, Santana de
Parnaíba – SP, Postal Code 06501-055, enrolled with the CRECI (Regional Real Estate Brokers Council) under No. 21.101-J and CNPJ No. 67.494.252/0001-95, represented by Mr. Rômulo Ângelo Perico, CRECI: 75.197;
and (ii) Representações Oliveira e Cia Ltda., CNPJ No. 61.854.675/0001-92, with its head-office at Rua Colonial, No. 317 – District of Vila Velha—Postal Code 06532-065, Santa de Parnaíba – SP,
represented by Mr. Ivo Carlos Fermino de Oliveira, CRECI 79.777. 

  

	4.1.	Considering a tax basis of R$20.00/m2 for payment of the commission, the amount is R$573,130.40 which, when prorated among each intermediating company, results in two
hundred and eighty-six thousand, five hundred and sixty-five Reais and twenty cents (R$286,565.20). 

  

	5.	Pursuant to the covenants between the Parties and aiming at facilitating the understanding of the flow of payments, the table below shall be observed: 

 

									
	 Dates/Payment to:
	  	December 23, 2015	 	  	February 1, 2016 (pro rata 8 days)	 
	 Brokerage companies mentioned in Section 4 above
	  	 
 
	R$286,565.20
 R$286,565.20
	 
  
	  			
	 Lessor Development
	  				  	 	R$789,484.18	 

  

	6.	In addition to the Final Inspection Report that evidenced the completion of the works of the Shed, the Developer Lessor attaches to this First Amendment the Occupation Expert Report (Exhibit 2), which
attests its condition in the act of occupation by the LESSEE. 

  

	6.1.	The Parties hereby ratify the terms of Section 15 of the Lease Agreement as regards the return of the Building upon termination or rescission of the Lease, stressing that the flooring shall be returned without the
holes caused by the “pallet holders” that are already installed in the Shed. 

 The Parties hereby ratify all of the terms, clauses
and conditions that have not been expressly modified by this First Amendment, which remain fully effective. 
 Any conflicts that should arise from this
First Amendment shall be resolved on the terms of Section 28 “Arbitration Clause” of the Lease Agreement. 

 In Witness Whereof, the parties execute this instrument in three (3) counterparts of equal content and form,
in the presence of the two (2) undersigned witnesses. 
 São Paulo, November 4, 2015. 

 

					
			
	/S/    MARIANA SCHILIS VIOTTI        	 		 	/S/    FERNANDO PASMANIK SCHILIS        
	FW2 LOGÍSTICA E EMPREENDIMENTOS IMOBILIÁRIOS S.A.	 		 	FW2 LOGÍSTICA E EMPREENDIMENTOS IMOBILIÁRIOS S.A.
	Developer Lessor	 		 	Developer Lessor
	Mariana Schilis Viotti	 		 	Fernando Pasmanik Schilis

  

					
			
	/S/    MARCIO KUMRUIAN        	 		 	  

	NS2.COM INTERNET S.A.	 		 	
	Lessee	 		 	
	Marcio Kumruian	 		 	

  

					
			
	/S/    RICARDO CÁLCENA AGUERO        	 		 	  

	RCA GERENCIAMENTO E FISCALIZAÇÃO LTDA	 		 	
	Manager	 		 	
	Ricardo Cálcena Aguero	 		 	

 Witnesses: 
  

									
					
	1. By:	 	/S/    ELSON CARLOS DE SOUSA        	 		 	2. By:	 	/S/    ROBSON FERNANDO RODRIGUES        
	Name:	 	Elson Carlos de Sousa	 		 	Name:	 	Robson Fernando Rodrigues
	ID (RG):	 	20.433.652-1	 		 	ID (RG):	 	24.649.496-7
	Taxpayer Card (CPF):170.695.58-65	 		 	Taxpayer Card (CPF):185.334.968-26

 (Execution page of the First Amendment to the Private Instrument of Property Lease Agreement and Other Covenants dated
November 4, 2015 by and between FW2 LOGÍSTICA E EMPREENDIMENTOS IMOBILIÁRIOS S.A., NS2.COM INTERNET S.A. and RCA GERENCIMENTO E FISCALIZAÇÃO LTDA.)EX-10.3

 Exhibit 10.03 

GL Empreendimentos 
 PRIVATE INSTRUMENT OF
PROPERTY LEASE AGREEMENT FOR NON-RESIDENTIAL PURPOSES. 
 I – PARTIES 
  

	I.1.	As “LESSOR”, hereinafter referred to as such, CCG EMPREENDIMENTOS LTDA., a legal entity of private law with its principal place of business at Avenida Engenheiro Antônio de Góes, 60,
15th Floor, Suites 1503/1504, Pina, in the City of Recife, State of Pernambuco, enrolled with the National Corporate Taxpayers Register of the Ministry of Finance (CNPJ/MF) under
No. 10.171.090/0001-37, herein represented, pursuant to its Articles of Association, by GERSON DE AQUINO LUCENA JÚNIOR, Brazilian, married, industrialist, bearer of identity card RG No. 1.370.710 SSP/PE, enrolled with the
Individual Taxpayers Register of the Ministry of Finance (CPF/MF) under No. 217.130.734-04, resident and domiciled in the City of Recife, State of Pernambuco. 

 

	I.2.	As “LESSEE” hereinafter referred to as such, NS2.COM INTERNET S/A, a joint-stock company enrolled with the CNPJ/MF under No. 09.339.936/0001-16, with its principal place of business in the
City of São Paulo, State of São Paulo, at Rua Vergueiro, 396, Liberdade, herein represented by its Officer, Mr. HAGOP CHABAB, Brazilian, married, businessperson, bearer of identity card RG No. 18.288.150-7 SSP/SP and
enrolled with the CPF/MF under No. 288.834.908-60, resident and domiciled in the City of São Paulo, State of São Paulo. 

II – SECTIONS AND CONDITIONS OF THE LEASE 
 The
undersigned parties named and identified above, by this private instrument and on the best terms of the law, agree to enter into this PROPERTY LEASE AGREEMENT FOR NON-RESIDENTIAL PURPOSES, in accordance with the following Sections and
Conditions which the parties mutually an reciprocally agree upon and grant: 
 SECTION ONE: LEASE PROPERTY 

 

	1.1.	LESSOR is the lawful owner and holder, free and clear of any liens or encumbrances, of the urban property located at Rua Riachão, 200, in the City of Jaboatão dos Guararapes, State of Pernambuco,
postal code 54335-025. 

 A tract of land named “LOT 1A” (one A), with a total area of one hundred and fifty-two thousand, two
hundred and ninety square meters (152,290 m2), identified by the Specifications transcribed below: Property name: LOT 1A RESULTING FROM REGROUPING OF LOTS 1, 2 AND 3. Owner: CCG EMPREENDIMENTOS
LTDA. Destination: Logistic Sheds – Boundaries of the regrouped property: To the north: With a canal and Tract of Land II – To the south: With a 30 m wide projected street – To the east: With BR-101 South highway and a Shed of CEBRACE
– To the west: With a 25 m wide projected street. Polygonal: Starting at point 01, with coordinates E= 285,950.340 m and N= 9,097,264.080 m, aiming at the azimuth of 64°22’46.19” for a distance of 328.000 m to point 02 with
coordinates E=286,250.550 m and N=9,097,396.190 m. From this point, aiming at the azimuth of 178°51’04.21” for a distance of 31.330m to point 03, with coordinates E=286,250.160 m and N=9,097,364.860 m. From this point, aiming at the
azimuth of 77°21’11.74” for a distance of 35.000 m to point 04, with coordinates E=286,284.540 m and N=9,097,371.410 m. From this point, aiming at the azimuth of 160°54’22.89” for a distance of 140.000 m to point 05, with
coordinates E=286,326.000 m and N=9,097,237.690 m. From this point, aiming at the azimuth of 250°54’22.89” for a distance of 210.000 m to point 5A, with coordinates E=286,125,420 m and N=9,097,175.500 m. From this point, aiming at the
azimuth of 160°54’22.89” for a distance of 112.000 m to point 06A with coordinates E=286,158,590 m and N=9,097,068.500 m. 
  

 From this point, aiming at the azimuth of 70°54’22.89” for a distance of 210.000 m to point 06 with
coordinates E=286,359.170 m and N=9,097,138.520 m. From this point, aiming at the azimuth of 160°54’22.89” for a distance of 119.000 m to point 07, with coordinates E=286,394.410 m and N=9,097,017.050 m. From this point, aiming at the
azimuth of 160°54’22.89” for a distance of 119.000 m to point 08, with coordinates E=286,429.650 m and N=9,096,903.390 m. From this point, aiming at the azimuth of 250°54’22.89” for a distance of 351.000 m to point 09,
with coordinates E=286,094.400 m and N=9,096,799.440 m. From this point, aiming at the azimuth of 340°54’22.89” for a distance of 119.000 m to point 10, with coordinates E=286,059.150 m and N=9,096,913.110 m. From this point, aiming at
the azimuth of 340°54’22.89” for a distance of 119.000 m to point 11, with coordinates E=286,023.910 m and N=9,097,026.770 m. From this point, aiming at the 340°54’22.89” for a distance of 248.450 m to point 01, the start
point of this description. Registered with the Municipality of Jaboatão under No. 1.3040.011.01.2278.0000.4, sequential No. 1.496181.4. 
  

	1.1.2.	The property has a total area of one hundred and fifty-two thousand, two hundred and ninety square meters (152,900.00 m2) and shall have, once the constructions have
been completed, the built-up area of eighty-one thousand, five hundred and twenty-four square meters (81,524 m2), composed as follows: 

 

	(a)	a common area with three thousand, one hundred and twenty square meters (3,120.00 m2) composed of: i) an Administrative Block with an area intended for installation
of a kitchen/cafeteria, male and female restrooms, medical care room, administrative room, training room, outside support restrooms; ii) a technical area composed of substation, measurement, generator and pump room; iii) an area composed of
gatehouse, security room, restroom, water tank and raised security cabin; iv) an area intended for parking cargo and passenger vehicles; and 

  

	(b)	the area of private use, which shall have seventy-eight thousand, four hundred and four square meters (78,404 m2), composed of three blocks named Block A, Block B and
Block C; Block A shall be composed of fourteen (14) sheds for lease named 1A, 2A, 3A, 4A, 5A, 6A, 7A, 8A, 9A, 10A, 11A, 12A, 13A, 14A, each of the sheds with two thousand, two hundred and eighty-seven square meters (2,287 m2) of leasable area, containing four (4) docks each shed; Block B shall be composed of ten (10) sheds for lease, named 1B, 2B, 3B, 4B, 5B, 6B, 7B, 8B, 9B and 10B, each of the sheds with one
thousand, eight hundred and thirty-seven square meters (1,837.00 m2) of leasable area, containing four (4) docks each shed; Block C shall be composed of eight (8) sheds for lease, named
1C, 2C, 3C, 4C, 5C, 6C, 7C, 8C, each of the sheds with three thousand, five hundred and two square meters (3,502.00 m2) of leasable area. 

 

	1.1.3.	LESSOR shall be entitled, at any time, upon prior communication to LESSEE, to formally implement the Condominium of said property, as provided for by Law 4591/64 and the Brazilian Civil Code; nonetheless,
it is hereby agreed that all common expenses shall be apportioned since the beginning of this lease, in proportion to the leased areas, as provided for by article 23, paragraph 3 of Law 8245/91. 

 

	1.2.	The aforementioned property is free and clear of any judicial or extrajudicial liens or encumbrances, legal and conventional mortgages, emphyteusis, pension, provisional attachments or seizures that might affect its
peaceful and undisturbed use, including by LESSEE. 

  

	1.3.	By this instrument and on the best terms of the law, LESSOR delivers to LESSEE, as non-residential lease for commercial purposes, SHEDS “7A and 8A” (“PROPERTY”), described and
characterized in item 1.1.2 of this Section One of this Lease Agreement, with a total area of 4,402 m2 of built-up area, and LESSEE receives the PROPERTY after a broad and careful
inspection carried out by it in the PROPERTY and after LESSEE has confirmed that the PROPERTY has the area indicated and is in perfect conditions of use, with all its devices in full and perfect conditions of use and operation,
undertaking to keep them as such throughout the lease term, until actual vacancy and return thereof to LESSOR, bearing all resulting costs and expenses, including those with the replacement of materials and equipment under this agreement.

  

	1.4.	LESSOR hereby undertakes to supply any required documents regarding the PROPERTY in order to enable LESSEE to file for its Operating Permit and to start activities in the PROPERTY hereunder.
LESSOR shall be liable for obtaining the certificate of occupancy of the PROPERTY. 

 SECTION TWO: DESTINATION 

 

	2.1.	The PROPERTY shall be solely and exclusively intended, on a continuous and uninterrupted basis, for performance of the activities set forth in the Articles of Association of LESSEE as of the date of
execution of this Agreement, provided that the destination of the PROPERTY shall not be modified without prior and written consent of LESSOR, subject to penalty of termination hereof. 

SECTION THREE: TERM OF EFFECTIVENESS OF THE LEASE 
  

	3.1.	The term of effectiveness of this Lease Agreement is sixty (60) months (“Contractual Term”), starting on November 1, 2012 (“Lease Start Date”) and consequently expiring on
October 31, 2017 (“Lease Expiration Date”). 

  

	3.2.	Upon expiration of the agreed term, this lease shall be terminated by operation of law, regardless of any notice or notification, in which case LESSEE shall immediately vacate the PROPERTY and return the
respective keys thereto to LESSOR, letting it completely free of persons and objects, except for the right to the Action for Renewal under the applicable law. 

SECTION FOUR: RENEWAL OPTION 
  

	4.1.	The parties establish the prerogative of renewal of this lease for another term of sixty (60) months (regarded as a “Renewal Term”). LESSEE shall exercise the prerogative by sending a written
notice to LESSOR for that purpose (“Renewal Notice”) in the period from the 12th and the 6th month before the “Lease Expiration
Date”. 

  

	4.2.	In the event that LESSEE exercises the prerogative within the respective “Renewal Term”, the same terms and conditions set forth in this Agreement shall be complied with, except in relation to the rent
amount to be paid as from start of the “Renewal Term”, which shall be established in accordance with the market value adopted at the time of the renewal which, however, shall not be smaller than the amount in effect upon the “Renewal
Notice” in any event whatsoever. 

  

	4.3.	The review of the rent amount upon the renewal prerogative is distinct from and shall not be confused with the rent adjustment in accordance with the procedure set forth in Section Six. 

 

	4.4.	The renewal prerogative may be solely exercised if LESSEE is in strictly compliance with all its legal and contractual obligations relating to this lease under the applicable Law. 

 

	4.5.	The Renewal shall be solely consummated if, upon granting of the “Renewal Term” within the advance term set forth in item 4.1 for delivery of the “Renewal Notice”, the parties reach an agreement in
writing on the new rent amount to be adopted within the “Renewal Term”, with due regard of the right to the Action for Renewal set forth in the applicable law. 

 

	4.65.	If the parties fail to reach such agreement, LESSEE shall be consequently required to return the PROPERTY on the “Lease Expiration Date” set forth in item 3.1, precisely as provided for herein,
except for the right to the Action for Renewal set forth in applicable law. 

 SECTION FIVE: RENT 

 

	5.1.	The monthly rent agreed by mutual and full agreement for the first twelve (12) months of lease to be paid by LESSEE to LESSOR is SEVENTEEN REAIS (R$17.00) per leased
built-up square meter, thus resulting in the total amount of the monthly rent for this first period of twelve (12) months of lease of seventy-four thousand, eight hundred and thirty-four Reais (R$74,834.00) to be paid in Brazilian
currency. 

  

	5.1.1.	The leased PROPERTY has a total lease built-up area of 4,402 m2 which, when multiplied by the amount of seventeen Reais
(R$17.00/m2), results in the monthly rent amount defined in item 5.1. 

	5.2.	For the first twelve (12) months of lease, LESSOR grants to LESSEE a discount of one Real per square meter (R$1.00/m2) of lease which,
however, shall be solely applied of the payment of rent is undeferrably made by the date set forth in item 5.3. 

  

	5.2.1.	The discount of the monthly rent amount of the PROPERTY for the first twelve (12) months of lease is one Real per square meter (R$1.00/m2) which,
when multiplied by the area of 4,402 m2 of the PROPERTY, results in an amount of discount of four thousand, four hundred and two Reais (R$4,402.00). 

 

	5.2.2.	As from the thirteenth (13th) month of rent, the discount granted in accordance with item 5.2 shall automatically expire, and the square meter (m2) lease amount of the PROPERTY, without any discount, shall return to the amount of seventeen Reais per square meter (R$17.00/m2),
accrued by the annual adjustment index defined in Section Six of this Agreement. 

  

	5.3.	The amount corresponding to the monthly rent shall be paid by LESSEE by the fifth (5th) day of the month following month due, at the address of the
principal place of business of LESSOR, located at Avenida Engenheiro Antônio de Góes, 60, 15th Floor, Suites 1503/1504, Pina, in the City of Recife, State of Pernambuco, or at
any other place to be defined by LESSOR in writing, at least five (5) days in advance of the rent maturity date. 

  

	5.4.	LESSOR may issue a simple bank collection slip to be delivered at the address of LESSEE five (5) days before the rent maturity date, or LESSEE may make payment of the monthly rent amount by
means of a bank deposit in the checking account held by LESSOR with Banco do Brasil, Branch No. 3434-7, Checking Account No. 5671-5. The corresponding deposit receipt shall be valid and effective as rent payment
receipt, after the amount set forth in the deposit receipt becomes available to LESSOR. 

  

	5.5.	In the event that the rent is matured and not paid by the date set forth herein, it shall be accrued by: (a) default interest of one percent (1%) per month; (b) monthly monetary restatement in accordance
with the indexes set forth in Section Six below; (c) default fine of ten percent (10%) on the total amount of the obligation in arrears and finally, (d) attorney’s fees of twenty percent (20%) of the total restated debt
amount, in case of litigation. The amounts set forth in sub-items “a” and “b” shall be calculated on a pro rata die basis from the rent maturity date to the date of actual payment thereof. 

 

	5.6.	If LESSOR fails to make payment of monthly rent established herein within the term established herein, LESSEE shall be automatically served notice of default. 

SECTION SIX: ADJUSTMENT 
  

	6.1.	The rent amount is permanently subject to adjustment in accordance with the occasional loss of the purchasing power of the legal currency, in order to avoid a reduction in the price established for the lease.

  

	6.1.1.	The monthly rent amount due by LESSEE to LESSOR is defined in item 5.1 of this Agreement. 

  

	6.2.	The monetary restatement of the monthly rent amount shall be calculated in accordance with the positive accumulated variation of the General Market Price Index (IGP-M) calculated by Getúlio Vargas Foundation
(FGV) and, in the absence of this index or in case of impossibility or impediment of its use, the restatement shall be based, in the following order, on (i) the General Price Index (IGP) calculated by Getúlio Vargas Foundation (FGV),
(ii) the Consumer Price Index (IPC) calculated by the Economic Research Institute Foundation of São Paulo State University (IPC/FIPE) and (iii) any other official index, so that, in any and all event, the monthly rent amount shall
be monetarily restated in order to avoid any loss of its value and, consequently, its degradation due to loss of the purchasing power of the currency. 

  

	6.3.	As long as there is any legal impediment to the monetary restatement of the monthly rent amount at a periodicity shorter than annual, the adjustment shall be made after each period of twelve (12) months, and the
adjustment of the monthly rent amount for the first period of twelve (12) months of effectiveness of this agreement shall be made considering the positive accumulated variation of the General Market Price Index (IGP-M) calculated by
Getúlio Vargas Foundation (FGV) or any index that may replace it, as set forth in item 6.2 above, in the period from the month before start of the term of effectiveness of the lease and the month before completion of the period of twelve
(12) months, and as from this first adjustment, always after twelve (12) months and in the same month of the first adjustment, considering the positive accumulated variation of the previous period of twelve (12) months.

  

	6.4.	If the monetary restatement of the monthly rent amount is authorized, by a court decision or a change in law, to be made at a periodicity shorter than twelve (12) months, the parties agree that the shorter
periodicity then permitted shall be adopted upon prior communication to LESSEE. 

 SECTION SEVEN: CHARGES AND APPORTIONMENT OF THE
EXPENSES OF THE COMMON AREAS 
  

	7.1.	In addition to the monthly rent agreed upon the parties and any other charges under the liability of LESSEE under this agreement, LESSEE shall be liable for paying the following, throughout the lease and
for as long as it occupies the leased PROPERTY, until actual vacancy and return thereof to LESSOR under this agreement, (i) all taxes, fees and contributions of any kind whatsoever that are or may be levied on the PROPERTY,
proportionally and corresponding to the leased area, and (ii) all expenses with consumption of electricity, water, sewage and any other supply of goods and services, and shall pay any such charges and expenses by the respective due dates,
directly to whomever it may lawfully concern or to LESSOR, by way of reimbursement, in case that LESSOR has paid any such charges or expenses; in addition, LESSEE shall also bear any costs and charges arising out of any delayed
payment of said obligations. 

  

	7.1.1.	LESSOR shall be entitled to pay the corresponding Urban Real Estate Tax (IPTU) on the urban property, as described in items 1.1.1 and 1.1.2 of Section One of this agreement, directly to the Municipal Public
Authority, by making the apportionment among the lessees of leased areas, in proportion to said leased area, considering the total leased areas and areas available for lease, provided that the amount to be prorated shall correspond to the respective
total amount due, in accordance with the calculation made by the Municipal Public Authority, as determined in the Tax Code of Jaboatão dos Guararapes – Municipal Law No. 155 of December 27, 1991, as subsequently amended.

  

	7.1.2.	A discount shall be granted in general to all taxpayers of the city for advanced collection of said Urban Real Estate Tax (IPTU), as provided for by Article 22, paragraph 1 of the Tax Code of Jaboatão dos
Guararapes – Municipal Law No. 155 of December 27, 1991, as subsequently amended and, in case that LESSOR benefits from this discount, the amount to be prorated shall take into account said discount for benefit of the
LESSEES. 

  

	7.1.3.	However, in case of offset against the payment of the Urban Real Estate Tax (IPTU) to LESSOR on account and as a result of advance payment thereof, in any manner, such offset shall not be extended to the
LESSEES because, in such event, it is not a benefit granted but rather a right available to LESSOR to offset its credit arising out of the amount that it may have paid in advance to the municipality in any manner, including by
performing works of improvement of the municipal public infrastructure and streets, the costs of which shall be borne by the municipality. 

  

	7.1.4.	The supply of electricity to the LESSEES shall be made by means of the concessionaire, through a single supply line to the condominium to serve all lessees. However, an individual consumption measurer shall be
installed for each lessee for purposes of apportionment of the total amount charged for the electricity supplied, in accordance with each measurer, and LESSEE agrees to pay the amount corresponding to its apportionment, which shall be clear,
legal and payable. 

  

	7.2.	In accordance with item 1.1.2 and 1.1.3, the expenses of the common areas shall be due by LESSEE and paid to LESSOR on a monthly basis, always on the fifth
(5th) day of each month, proportionally to the leased area and together with the monthly rent amount. Expenses of the common areas mean the armed or unarmed surveillance services, reception
services, cleaning services of the common areas, apportionment of water, sewage and electricity of the common areas, gardening expenses, urban cleaning fee, firefighters fee and any other expenses or charges levied on the common areas and the
respective management, which shall be prorated always in proportion to the leased area. 

 SECTION EIGHT: LESSEE’S OBLIGATIONS

  

	8.1.	LESSEE is also required: (a) to pay the rent, lease charges and expenses of the common areas listed in items (h) and (i) below, in a timely manner, directly to the collecting agents and/or to
LESSOR; (b) to use the PROPERTY for the purposes established in this Agreement; (c) to return the PROPERTY, upon lease expiration, under the conditions set forth in Sections Ten and Eleven; (d) to immediately
notify LESSOR, by means of a formal and written document to be delivered at its address, as set forth in Section 1, item 1.1, of the occurrence of any defect or damage that shall be repaired by LESSOR, as well as of any
disturbances by third parties; (e) to immediately repair any damages occurred in the PROPERTY, or in its facilities, caused by LESSEE, its employees, customers, suppliers, service providers, its own vehicles or the vehicles of
third parties contracted by LESSEE; (f) not to modify the PROPERTY internally or externally without prior and written consent of LESSOR; (g) to immediately deliver to LESSOR any notice, summons, fine or
requirement of any public authority, including those addressed to the LESSEE itself; (h) to pay the lease charges defined by the parties as the expenses relating to installed public utilities, purchase of insurances, and any taxes/costs
directly related to the PROPERTY (power, electricity, gas, water, sewage and Urban Real Estate Tax – IPTU; (i) LESSEE shall pay the amount of the expenses of the common areas to LESSOR, on a monthly basis, in
proportion to the leased area; (j) to enable inspection of the PROPERTY by LESSOR, upon delivery of prior communication by LESSOR indicating the date and time, and enable the PROPERTY inspection by third parties, in
case of disposal thereof; (k) to undertake liability for the PROPERTY cleaning, preservation AND painting, including any hydraulic, electric, mechanic and security equipment; (1) any other expenses relating to the PROPERTY
use or operation in accordance with the criterion set forth in Section Two, item 2.l. that are not defined above shall be also LESSEE’S liability. (m) LESSEE shall keep the area underneath the marquise free and clear of any
type of material, products or goods at all times, as said area shall be solely used for load and unload of trucks. 

 SECTION NINE:
INSURANCE AND RISKS FOR OCCURRENCE OF DAMAGES AND LOCAL PROPERTY INSURANCE 
  

	9.1.	LESSOR undertakes to keep the entire leased area, with all its accessions and improvements, throughout the lease term, regularly insured with a reputable, first-line insurer of the insurances market in Brazil, by
means of a property policy covering all risks of building destruction, including but not limited to the risks arising out of destruction by fire, lightening, explosion, collapse for any reason, windstorm and vehicle crash, in accordance with a
valuation performed by the insurer, but never less than the amount hereby accepted by the parties as the actual amount of the PROPERTY for the first period of twelve (12) months, of four million, four hundred and two thousand
Reais (R$4,402,000.00), corresponding to the amount of one thousand Reais (R$1,000.00) per leased built-up square meter, restated after every twelve (12) months of effectiveness of this Agreement in accordance with monetary
restatement index set forth in this Agreement for adjustment of the monthly rent or by the actual valuation of the leased PROPERTY, at all times adopting the highest amount, being established that LESSOR shall be the exclusive
beneficiary of the insurance. 

  

	9.1.1.	The insurance shall be automatically renewed and maintained throughout the period when LESSEE remains in the leased building and this Agreement is in effect. 

 

	9.1.2.	LESSOR undertakes to provide LESSEE with copies of the respective insurance policies whenever there is a renewal, except in the beginning of the lease term, when the copies shall be sent before start of
the activities. 

	9.1.3.	LESSOR shall purchase the insurance referred to in item 9.1 of this section, choosing the insurer and making payment of the respective premium. However, LESSEE agrees to reimburse LESSOR for the
respective premium paid, provided that, if the insurance is purchased by LESSOR for the entire construction rather than only for the area leased to LESSEE, the respective premium shall be borne by LESSEE in proportion to and
corresponding to the leased area. 

  

	9.1.3.1.	The reimbursement referred to in sub-item 9.1.3 above shall be made as if the premium payment had been contracted, upon submission by LESSOR to LESSEE of the Contract and the respective invoice paid or to
be paid. 

  

	9.1.3.2.	If LESSEE delays the payment of one or more installments of said reimbursement, LESSEE agrees to pay the following on the amount in arrears: (i) monetary restatement according to the accumulated
positive variation of the General Market Price Index (IGP-M), calculated by Getúlio Vargas Foundation (FGV), from the reimbursement date to the date of actual payment; (ii) default interest of one percent (1%) per month and a
fraction thereof for the period of delay, and (iii) fine of ten percent (10%) on the amount then matured and unpaid, duly monetarily restated, provided that said charges shall apply regardless of judicial or extrajudicial claim, notice or
notification. 

  

	9.2.	LESSEE hereby expressly, irrevocably and irreversibly acknowledges and agrees that LESSOR shall not be directly or indirectly held liable by LESSEE, in any event whatsoever, for any damages or
losses caused to the equipment, machines, inventories of material, any other goods, documents and/or any other assets owned by LESSEE or by third parties, located in any of the components of the commercial PROPERTY leased to it,
whether caused by theft, stealing, fire, collapse, water leakage, flooding or any act of anyone, or by any other accident, claim or fact that may occur due to any reason, throughout the time when LESSEE remains in any part of the
PROPERTY hereby leased, until actual return thereof to LESSOR, completely empty, except when LESSOR has provenly contributed by fault or willful misconduct to the occurrence of any of the acts, accidents, losses or any other
facts causing damages and losses to LESSOR and third parties. 

  

	9.2.1.	Consequently and in addition to the provisions above, LESSEE hereby waives any right or claim that it might have from LESSOR upon occurrence of any of the acts, accidents, claims or any other facts set
forth above, for any reason, except in case of exclusive or concomitant negligence of LESSSOR. 

  

	9.2.2.	For that purpose, in case that LESSEE desires to prevent any of the problems set forth above, LESSEE shall, under its exclusive and full liability and at its sole and exclusive expense, purchase full
insurance, from a reputable insurer, against all said claims and/or accidents, in the actual amounts of all its belongings and/or the belongings of any third parties located in any of the facilities of the commercial PROPERTY hereby leased
and/or in its vicinity, from the lease start date to the date of full vacancy and return of the commercial PROPERTY hereby leased, completely vacated. 

SECTION TEN: PROPERTY PRESERVATION AND IMPROVEMENTS 
  

	10.1.	LESSEE expressly represents that it is receiving the PROPERTY in perfect state of preservation, use and occupancy, with new painting and all its electric, hydraulic and sanitation installations in perfect
operation, as described in the INSPECTION REPORT which, once duly executed by the parties, becomes an integral part hereof for all purposes, and LESSEE undertakes to keep the PROPERTY as such until actual return thereof to
LESSOR. 

  

	10.2.	During the term of effectiveness of the lease and for as long as LESSEE holds the possession of the PROPERTY, LESSEE shall be required to perform, at its expense and under its sole liability, all
works required for its preservation, maintenance and repair, while LESSOR shall be liable for any works relating to the building structure. 

  

	10.3.	LESSOR shall be entitled to inspect compliance with the obligations under the liability of LESSEE under this lease agreement, visit and inspect the PROPERTY by means of a person designated by
LESSOR on a date and time previously notified to LESSEE, provided that the person authorized by LESSOR may be accompanied by a representative of LESSEE at such visit and inspection. 

 

	10.4.	LESSEE shall not, without prior and written consent of LESSOR, make any changes and/or improvements of any kind whatsoever in the PROPERTY. Once any improvements have been made, whether authorized or not,
it is hereby clarified and agreed that they shall not give rise to any right to indemnity, shall be incorporated to the PROPERTY and shall not be used as a basis to claim retention of the PROPERTY upon expiration or termination of the
Lease. 

  

	10.5.	Any removable improvements made in the PROPERTY may be taken away upon expiration or termination of this instrument, as long as it does not result in any damage to the PROPERTY, after prior and written
authorization of LESSOR. In relation to non-removable improvements, to the extent that LESSOR agreed with their permanence in the PROPERTY, LESSEE shall leave them there and not be entitled to any withholding and/or
indemnity in that regard. Also in relation to non-removable improvements, to the extent that LESSOR did not agree with their permanence in the PROPERTY, LESSEE shall remove them and leave the PROPERTY under the conditions
indicated in the INSPECTION REPORT. 

 SECTION ELEVEN: PROPERTY RETURN 

 

	11.1.	Upon expiration or termination of the lease, LESSEE agrees to return the leased PROPERTY completely free and empty of persons and objects and in the state of preservation set forth in Section Ten of this
Lease Agreement, except for wear and tear arising out of regular use and lapse of time. 

  

	11.2.	LESSEE shall notify LESSOR at least one hundred and eighty (180) days in advance of the “Lease Expiration Date”, for the parties to inspect it in order to determine whether it is in
conditions of use and operation. If not, the parties shall enter into a proper instrument listing the repairs or works that LESSEE shall undertake to perform by the “Lease Expiration Date”, restoring it to the agreed conditions.

  

	11.3.	It is also established that LESSEE shall mandatorily notify LESSOR one hundred and eighty (180) days in advance of the early return of the PROPERTY. 

 

	11.3.1.	If LESSEE fails to notify LESSOR with the aforementioned advanced time, for any reason whatsoever, LESSEE shall be subject to pay a fine corresponding to three (03) monthly rents, considering
the rent amount in effect at the time of such collection, which shall be fully due at all times, regardless of the time of lease already elapsed. 

  

	11.4.	In addition to the notice referred to in item 11.3 above and, in the absence thereof, the payment of the fine established for failure to provide said notice, as set forth in sub-item 11.3.1 above, LESSEE shall
also bear, in case of early termination of the lease by LESSEE in the year of the lease term, the payment of a fine corresponding to four (04) monthly rents, considering the rent amount in effect at the time of such collection, in
proportion to the remaining period until expiration of the LEASE. 

  

	11.4.1.	It is established for the second (2nd) year of lease, corresponding to the period from the thirteenth
(13th) month of lease to the twenty-fourth (24th) month of lease, that the fine of four (04) monthly rents set forth in item
11.4 shall be reduced to three (03) monthly rents, considering the rent amount in effect at the time of such collection, in proportion to the remaining period until expiration of the LEASE. 

 

	11.4.2.	It is established for the third (3rd) year of lease, corresponding to the period from the twenty-fifth
(25th) month of lease to the thirty-sixth (36th) month of lease, that the fine of four (04) monthly rents set forth in item 11.4
shall be reduced to two (02) monthly rents, considering the rent amount in effect at the time of such collection, in proportion to the remaining period until expiration of the lease. 

 

	11.4.3.	It is established for the fourth (4th) year of lease, corresponding to the period from the thirty-seventh
(37th) month of lease to the forty-eighth (48th) month of lease, that the fine of four (04) monthly rents set forth in item 11.4
shall be reduced to two (02) monthly rents, considering the rent amount in effect at the time of such collection, in proportion to the remaining period until expiration of the lease. 

 

	11.4.4.	It is established for the fifth (5th) year of lease, corresponding to the period from the forth-ninth
(49th) month of lease to the sixtieth (60th) month of lease, that the fine of four (04) monthly rents set forth in item 11.4
shall be reduced to 01 monthly rent, considering the rent amount in effect at the time of such collection, in proportion to the remaining period until expiration of the lease. 

SECTION TWELVE: IRREVOCABILITY 
  

	12.1.	This Agreement is entered into by and between the parties on an irreversible and irrevocable basis and is governed by Law 8245/91. 

SECTION THIRTEEN: ASSIGNMENT AND SUBLEASE 
  

	13.1.	LESSEE shall not (i) sublease and let the leased building, wholly or in part, or (ii) assign and transfer this agreement, wholly or in part, without prior and express consent of LESSOR. However,
LESSEE may do so to companies of its economic group and/or to service provider companies that meet its purposes, provided, however, that in such event LESSEE and the GUARANTOR shall remain as principal and jointly liable for
full compliance with all obligations arising out of the lease as established in this agreement, especially the payment of the monthly rents and any other lease charges, including the payment of fine in case of early termination of the lease by
LESSEE. 

  

	13.2.	Any transfer of the equity control of LESSEE on any account whatsoever shall be also regarded as assignment/transfer for purposes of the provisions in the item above. 

 

	13.3.	The violation of any of the prohibitions set forth in this Section, in addition to not generating any obligations to LESSOR, shall result in termination of the Lease due to contractual breach and entitle
LESSOR to resume possession of the PROPERTY. 

 SECTION FOURTEEN –PROPERTY DISPOSAL 

 

	14.1.	In the event that the PROPERTY is offered for sale, transfer or disposal, LESSEE shall not prevent the visit thereof by potential buyers and interested parties, as long as the parties previously agree upon
the rules and procedures, provided that LESSEE shall have a right of first refusal in relation to the PROPERTY purchase, as set forth in Section Fifteen. 

SECTION FIFTEEN: RIGHT OF FIRST REFUSAL 
  

	15.1.	In the event of sale, promise of sale, assignment or promise of assignment of rights or giving in payment of the PROPERTY, LESSEE shall have a right of first refusal to purchase it, under identical
conditions with third parties, in which case LESSOR shall notify LESSEE of the business by means of judicial or extrajudicial notice or any other means of unequivocal notification. 

 

	15.2.	The communication set forth in Item 15.1. above shall contain all conditions of the business, especially the price, the payment method, as well as the place and date for examination of the proper documentation.

  

	15.3.	The right of first refusal of LESSEE shall expire if it fails to unequivocally answer whether or it not fully accepts the proposal, within thirty (30) days as from the receipt of the notice set forth in item
15.1. 

  

	15.4.	LESSEE waives the right of first refusal for purchase of the PROPERTY in the event of sale or assignment thereof to associated, controlled or subsidiary companies of the economic group of LESSOR, or
for creation of a specific Real Estate Investment Fund (FIP), in which case the existence of any type of equity interest of LESSOR or of any of its shareholders shall be sufficient for the company to be the holder of the PROPERTY.

  

 SECTION SIXTEEN: ENVIRONMENTAL RISKS 

 

	16.1.	LESSOR shall have no liability or obligation whatsoever relating to or arising out of the conditions or materials that exist at the PROPERTY, including but not limited to any existing risks environmental,
as long as arising out of the lease itself or attributed to the activity performed by LESSEE. 

  

	16.2.	LESSOR shall not be liable for any costs, expenses or obligations that may result in removal of any existing conditions or materials (including environmental risks) at the PROPERTY, as long as arising out
of the lease itself or attributed to the activity performed by LESSEE. 

  

	16.3.	The execution of this Agreement shall not result in LESSOR undertaking control over or liability for any environmental risks or conditions inherent to the PROPERTY or undertaking any liability to any
federal, state or municipal body for disclosure of any information relating to any conditions or materials relating to the PROPERTY which may represent a potential risk to the health, public security or environment, as long as arising out of
the lease itself or attributed to the activity performed by LESSEE. 

  

	16.4.	As long as arising out of the lease itself or attributed to the activity performed by LESSEE, without limiting the other provisions of this Section, except for any liabilities arising out of any fault by
LESSOR, LESSEE specifically agrees to defend, indemnify and hold LESSOR harmless for and against any and all costs (including reasonable attorney’s fees), losses, claims and liabilities relating to or resulting from:

  

	(a)	violation of any federal, state or municipal law, regulations or order by LESSEE relating to hazardous substances existing at the place of the PROPERTY; 

 

	(b)	any commitments or negotiations of LESSEE relating to handling, removal, treatment, storage, transportation or issue of hazardous substances existing at the place of the PROPERTY; and 

 

	(c)	any environmental risks or hazardous substances that may exist in relation to the PROPERTY. 

 SECTION
SEVENTEEN: TERMINATION AND FINE 
  

	17.1.	Notwithstanding the provisions in Section Twelve, violation by the PARTIES of any of the sections of this Lease Agreement shall give rise to adoption of the following procedures by the non-defaulting party:

  

	17.1.1.	Impose a fine corresponding to the amount of three (03) monthly rents, considering the rent amount in effect at the time of such collection, which shall be fully due at all times, regardless of the time of lease
already elapsed. The aforementioned fine shall not apply to the contractual infractions set forth in Section Five, item 5.4 and Section Eleven, item 11.3 and its sub-item 11.3.1 and item 11.4 and its sub-items 11.4.1, 11.4.2, 11.4.3
and 11.4.4, since there are specific penalties for the events set forth therein. 

  

	17.1.2.	Consider this Lease Agreement terminated due to contractual breach not remedied by the defaulting party within thirty (30) days as from receipt of a notice from the compliant party. 

SECTION EIGHTEEN: EXPROPRIATION 
  

	18.1.	In the event of full or partial expropriation of the PROPERTY, fire, collapse, or any occurrences that prevent the regular use of the LESSEE beyond control of LESSOR and LESSEE, as certified
by engineers and architects chosen by both parties, this Lease Agreement shall be terminated by operation of law, without payment of any fine or indemnity by one party to the other. In case of partial expropriation of the PROPERTY, the
parties agree that the rent shall be reduced proportionally to the remaining area. 

  

 SECTION NINETEEN: GUARANTEE 
  

	19.1.	Within sixty (60) days as from the date of execution of this agreement and under the conditions set forth in this section, LESSEE agrees to contract a letter of guarantee or bank guarantee from a first-line insurer, subject to penalty of immediate termination of this agreement by operation of law, regardless of judicial or extrajudicial claim, notice or notification, in which case LESSEE shall
also bear, in case of failure to comply with this obligation within the established term and under the conditions indicated in this section, the payment to LESSOR of the contractual fine set forth in section seventeen, item 17.1.1 of this
agreement. 

 Paragraph one. LESSEE undertakes, upon contracting of lease insurance contract, to indicate LESSOR as the
beneficiary of the insurance, and to provide LESSOR with a copy of the insurance policy within five (5) days as from contracting. 

Paragraph two. The lease insurance contract shall be contracted in such a manner as to cover all legal and contractual obligations of LESSEE, as
set forth in article 41 of Law No. 8.245/91, including but not limited to cover payment of rents, legal charges, court costs, attorney’s fees, contractual fines, especially but not limited to fines arising out of early termination of the
lease by LESSEE and required compensation, as payment, for the failure to deliver termination notice of any such early termination of the lease by LESSEE, as established in section eleven, items 11.3., 11.3.1 and 11.4, 11.4.1, 11.4.2,
11.4.3 and 11.4.4, as well as damages to the PROPERTY. 
 Paragraph three. LESSEE shall be solely and exclusively liable for payment of the
premium of the lease insurance contract referred to in this section. 
 Paragraph four. Said lease insurance contract shall be maintained by
LESSEE in favor of LESSOR throughout the lease term, subject to penalty of termination of this agreement by operation of law in case of absence of said lease guarantee, regardless of judicial or extrajudicial claim, notice or
notification, in which case LESSEE shall make payment to LESSOR of the contractual fine set forth in section seventeen, item 17.1.1 of this agreement. 

SECTION TWENTY: FINAL PROVISIONS 
  

	20.1.	The parties also agree as follows: 

  

	20.1.1.	It is also an obligation of LESSEE, which shall not be entitled to claim any reimbursement from LESSOR for that purpose, to satisfy all notices and notifications from any federal, state or municipal public
bodies, government-controlled private companies, public agencies or companies, to the extent that said obligations are not exclusively incumbent upon the owner LESSOR. 

 

	20.1.2.	LESSEE shall pay any and all contribution, fine, interest, monetary restatement, costs, fees, and court costs in general that may be charged or imposed due to violation of any law or regulations, as long as
relating to the lease term, including in the event of delayed payment of any taxes, charges or additional amounts set forth herein; 

  

	20.1.3.	LESSEE undertakes to immediately notify LESSOR in writing of the receipt of any notices and summons referred to in this Section, as well as to comply with the general rules that regulate the use of the
leased PROPERTY, including the respective Internal Regulations, a copy of which is hereby received and fully acknowledged by LESSEE as an integral part of this instrument, which serves as a receipt thereof; 

 

	20.1.4.	LESSEE and the GUARANTORS also agree to notify LESSOR in writing of any change of address; 

  

	20.1.5.	Failure by any of the parties to exercise or the delayed exercise of any right ensured to it hereunder or by law shall not be deemed novation or waiver of such right or impair any subsequent exercise thereof;

  

	20.1.6.	The nullity or invalidity of any of the sections of this Agreement shall not affect the validity and efficacy of the other sections and conditions set forth herein; 

 

	20.1.7.	If of the parties intends to arrange for annotations and/or registrations of this Agreement, all expenses resulting therefrom shall be such party’s full and exclusive liability; 

	20.1.8.	All documents and communications, which shall be made in writing at all times, to be sent by any of the parties shall be delivered at the addresses set forth in the preamble hereof, by letter with return receipt,
registry of deeds and documents or delivery in person with acknowledgement of receipt. 

  

	20.1.9.	LESSOR is hereby authorized to disclose LESSEE’S logo, as well as the Entity name (in short and/or full form) on its electronic site, and any other advertising materials relating to LESSOR.

  

	20.1.10.	LESSEE is entitled, at no additional cost or lien, to a right of lease reserve/preference under the same terms and conditions defined herein, of another four (4) neighboring properties of those set forth in
this agreement, a right which shall be exercised by LESSEE by September 30, 2012. 

  

	20.1.11.	In the period from October 1 to 15, 2012, if LESSOR receives any written proposal from a third party for lease of two (02) or more neighboring sheds to the PROPERTY hereunder, LESSOR
undertakes to notify LESSEE to exercise its right of first refusal. LESSEE shall answer in writing, within 5 business days as from receipt of said notice, confirming its right of first refusal in relation to the lease, under the
same terms and conditions set forth herein. The failure to answer shall be characterized as waiver of said right. 

  

	21.1.12.	LESSEE shall be entitled to arrange for annotation of this Lease Agreement on the PROPERTY registration. 

SECTION TWENTY-ONE: JURISDICTION 
  

	21.1.	The parties elect the Courts of the Judicial District of Recife, State of Pernambuco, to resolve any issues relating to the existence of, compliance with and validity of this Agreement, and expressly waive any other
courts, however privileged they may be, including in case of change of domicile of any of them. 

  

	21.2.	It is also agreed that, in any Legal Proceeding, any Summons, Notice and Notification may be served in any of the manners set forth in article 58, item IV of Federal Law No. 8245/91. 

III – CLOSING TERM AND SIGNATURES 
 IN WITNESS
WHEREOF, the parties execute this Lease Agreement in three (03) identical counterparts, in the presence of two (2) undersigned witnesses, to generate all its legal effects. 

Recife/PE, September 18, 2012 

/S/    GERSON DE AQUINO LUCENA
JÚNIOR 
  

CCG EMPREENDIMENTOS LTDA. 

Gerson de Aquino Lucena Júnior 

LESSOR 

/S/    HAGOP CHABAB 

 
 NS2.COM INTERNET
S/A. 
 Hagop Chabab 

LESSEE 
  

			
	Witnesses:
	
        1.    
/S/    GRACIELA K. TANAKA        
	  	
        2.    
/S/    RODRIGO MARINHO        

	 Name: Graciela K. Tanaka
	  	Name: Rodrigo Marinho
	 ID card (RG): 25767308-8
	  	ID card (RG): 5167440

 1ST AMENDMENT TO LEASE AGREEMENT 

By this private instrument of 1ST AMENDMENT TO LEASE AGREEMENT the parties designated and
identified below, in the full and total understanding of all of the clauses and conditions freely covenanted and accepted, including as regards scope and effects, referred to jointly as PARTIES and severally as designated below, to wit: 

 

	1.	On the one part, as LESSOR, as named hereinafter, the legal entity of private law incorporated as a limited liability company, CCG EMPREENDIMENTOS LTDA., with its head-office in this city of Recife, State
of Pernambuco, with address at Avenida Engenheiro Antônio Góes, No. 60, 15th floor, room 1503, in the District if Pina, enrolled with the National Corporate Taxpayers Register of
the Ministry of Finance under CNPJ/MF No. 10.171.090/0001-37, herein represented on the terms of its Articles of Association by its partner and executive officer, as declared by him, Mr. GERSON DE AQUINO LUCENA JÚNIOR, Brazilian,
married, industrialist, enrolled with the Individual Taxpayers Register of the Ministry of Finance under CPF/MF No. 217.130.734-04 and bearer of Identity Card RG No. 1.370.710 SSP–PE, resident and domiciled in the Municipality of
Recife, Pernambuco. 

  

	2.	On the other part, as LESSEE, as named hereinafter, NS2.COM INTERNET S.A., a joint stock company enrolled with the enrolled with the National Corporate Taxpayers Register of the Ministry of Finance under
CNPJ/MF No. 09.339.936/0001-16, with its head-office in the Capital City of State of São Paulo, with address at Rua Vergueiro, No. 396, District of Liberdade, herein represented by its Executive Officer, Mr. MARCIO
KUMRUIAN, bearer of Identity Card RG No. 24.122.221-7 and enrolled with the Individual Taxpayers Register of the Ministry of Finance under CPF/MF No. 168.764.418-73, resident and domiciled in the Municipality of São Paulo/SP.

 WHEREAS: 
  

	1.	On September 18, 2012 the PARTIES appointed and identified above executed a LEASE AGREEMENT having as its subject-matter MODULES 7A and 8A, included in a combination of modules of a total of 14 MODULES, constructed
on “PLOT 1A” (one A), in the Municipality of Jaboatão dos Guararapes, State of Pernambuco, with address of the mentioned development at Rua Riachão, No. 200, District of Prazeres, Postal Code 54335-025.

  

	2.	The LESSEE is interested in leasing another four (4) modules of the same and mentioned development of modules which are full and exclusive property of the LESSOR, which are the MODULES 5A, 6A, 9A and
10A, free and clear of persons and objects, there being no burdens or liens that are applicable to them. 

  

	3.	The LESSOR, in turn, is interested in granting under lease to the LESSEE the mentioned MODULES 5A, 6A, 9A and 10A, adjusting the term and the Insurance and maintaining the amount of the monthly rent for
such new modules, as well as any and all of the clauses and conditions of the mentioned lease agreement. 

 RESOLVE and have
jointly agreed to AMEND the mentioned LEASE AGREEMENT so as to include in the subject-matter of the lease MODULES 5A, 6A, 9A and 10A, pursuant to the following clauses and conditions, to wit: 

Section 1. Subject-matter of the lease. 
 MODULES 5A,
6A, 9A and 10A are included in the subject-matter of the LEASE AGREEMENT previously designated and now amended, with a leased area of 8,632 m2, which are described and characterized in items 1.1
and 1.1.2 of Section 1 of the lease agreement amended hereunder, to be delivered by the LESSOR to the LESSEE on the first (1st) day of the month of January of the year two
thousand and thirteen (2013), the date on which the period of lease of such four (4) new modules begins to run. 
  

 Section 2. Period of lease. 

The parties hereby establish by mutual agreement that, so that the end of the lease of all of the MODULES can occur during in the same period, the period of
the lease of MODULES 7A and 8A shall be altered, so as to be effective for sixty-three (63) months. The beginning of the lease of MODULES 5A, 6A, 9A and 10A, therefore, as mentioned, shall be on the first (1st) day of the month of January of the year two thousand and thirteen (2013), thus ending at the same time as expected for MODULES 7A and 8A, thus scheduled for January 31, 2018, subject to
the renewal on the terms of the lease agreement amended hereunder. 
 Section 3. The monthly rent, its payment and the adjustment. 

The monthly rent of these new MODULES 5A, 6A, 9A and 10A, for the period from January 1, 2013 to October 31, 2013, shall correspond to the amount of
seventeen Reais (R$17.00) per square meter, amounting to a monthly total of one hundred and forty-six thousand, seven hundred and forty-four Reais (R$146,744.00). For the period from January 1, 2013 to October 31, 2013 the
LESSOR grants a discount of one Real per square meter (R$1.00/m2) of lease that, when multiplied by the area of 8,632 m2 of the
property, totals the amount of the discount of eight thousand, six hundred and thirty-two Reais (R$8,632.00). The amount of the lease of the new MODULES shall be paid on the same day on which the monthly rents of MODULES 7A and 8A fall due,
and together with the payment of such monthly leases of MODULES 7A and 8A, currently in an amount of seventy-four thousand, eight hundred and thirty-four Reais (R$74,834.00) with a discount of one Real per square meter (R$1.00/m2) of lease in the period from November 1, 2012 to October 31, 2013, arriving at an amount of discount of four thousand, four hundred and two Reais (R$4,402.00). 

Paragraph One. The amount of the monthly lease of MODULES 5A, 6A, 9A and 10A shall be adjusted on November 1, 2013, according to the positive
accrued variance of the IGP-M (General Market Price Index) calculated by the FGV (Getúlio Vargas Foundation), incurred in the period from November 1, 2012 to October 31, 2013, with the date of the first adjustment (November 1,
2013), on the terms of the agreement amended hereunder, being the base date for the other annual adjustments, so that as from then on the monthly rent shall be restated monetarily successively upon each period of twelve (12) months, always
using as the base amount for the calculation of the adjustment the amount of the last adjusted lease. 
 Section 4. The Insurance and the Risks Due
to Occurrence of Damages and the Insurance of the Leased Property. 
  

	4.1.	For the lease of the new MODULES 5A, 6A, 9A and 10A the LESSOR undertakes to maintain the entire area leased, with all of its ancillary fixtures and improvements, throughout the entire period of the lease,
regularly insured with a reputable and first-line insurer in the Brazilian insurance market by means of a property policy, covering all of the risks of destruction of the building, including but not limited to those deriving from destruction due to
fire, lightning, explosion, landslide for any reason, windstorm and impact of vehicles, according to the valuation effective by the insurer, but never less than the amount accepted hereunder by the parties as being the true value of the property,
for the first period of twelve (12) months, of eight million, six hundred and thirty-two thousand Reais (R$8,632,000.00), which corresponds to the amount of one thousand Reais (R$1,000.00) per leased constructed square meter, with
restatement of the mentioned amount upon each twelve (12) months of effectiveness of this agreement, according to the monetary restatement index provided in this agreement for adjustment of the monthly rent and by the effective valuation of the
leased property, always adopting the higher amount, showing the LESSOR as exclusive beneficiary of the insurance. 

  

	4.1.1.	The insurance shall be renewed annually and shall be maintained throughout the period that the LESSEE remains in the leased building and this Agreement is effective. 

 

	4.1.2.	The LESSOR hereby undertakes to send to the LESSEE copies of all of the relevant insurance policies whenever there is renewal thereof, except for the beginning of the period of lease, when the copies shall
be sent upon the beginning of the activities. 

	4.1.3.	The LESSOR shall purchase the insurance referred to in item 4.1. above of this Section, choosing the insurer and effecting payment of the relevant premium, whereby the LESSEE undertakes to reimburse the
LESSOR for the amount of the premium paid, making it clear that if the insurance is contracted by the LESSOR for the entire building and not only for the area leased to the LESSEE, the relevant premium shall be borne by the
LESSEE in proportion to the leased area. 

  

	4.1.3.1.	The reimbursement referred to in sub-item 4.1.3 above shall be effective in the same way as the payment of the premium has been contracted, by means of presentation by the LESSOR to the LESSEE of the
Agreement of the Contract and of the relevant invoice paid or to be paid. 

  

	4.1.3.2.	If the LESSEE delays the payment of one or more of the installments of the mentioned reimbursement, the LESSEE undertakes to pay (i) monetary restatement according to the positive variance of the
General Market Price Index (IGP-M), calculated by the Getúlio Vargas Foundation (FGV) incurred from the date of the reimbursement to the date of effective payment; (ii) default interest of one percent (1%) per month or fraction
thereof for the period of delay that has occurred, and (iii) a penalty fine of ten percent (10%) of the amount overdue and unpaid, duly restated monetarily, which charges shall apply irrespective of notice, notification or judicial or
extrajudicial interpellation. 

  

	4.2.	The LESSEE hereby acknowledges and accepts on an express, irrevocable and irreversible basis, that under no circumstance may the LESSOR be held responsible, either directly or indirectly, by the
LESSEE for any damages or losses caused to the equipment, machinery, stocks of materials, any other goods, documents and/or any other assets of the LESSEE or of any third parties, located in any one of the units of the commercial
property leased hereunder, whether due to theft, robbery, fire, collapse, leakage of water, flooding or by any act of any party, or due to any other accident, insurance loss or fact that could occur for any reason, throughout the entire time in
which the LESSEE remains in any part of the Property leased hereunder, up to its effective return fully unoccupied to the LESSOR, except in cases where the LESSOR provably has contributed, due to its fault or malice, to the
occurrence of any one of the acts, accidents, insurance losses or other facts that cause damages and losses for the LESSEE and for third parties. 

  

	4.2.1.	As a consequence, in addition to what is stipulated above, the LESSEE hereby waives any right or claim that it could have in relation to the LESSOR, in the event that any one of the acts, accidents,
insurance losses or other facts provided above could eventually occur, for any reason, except if there is exclusive or concurrent fault of the LESSOR. 

  

	4.2.2.	For such purpose, in order to prevent for itself the problems provided above, the LESSEE shall, under its exclusive and total responsibility and also at the sole and exclusive expense of the LESSEE,
contract with a reputable company the total insurance against such insurance losses and/or accidents, and for the true values of all of its belongings and/or belongings of any third parties that are located in one of the premises of the commercial
property leased hereunder and/or in its surroundings, from the beginning of the lease up to the date of its total withdrawal and of return of the commercial property leased hereunder totally unoccupied. 

Section 5. Ratification, confirmation and renewal of the clauses of the amended lease agreement. 

All of the clauses and conditions of the lease agreement amended hereunder that have not been expressly or tacitly altered by this contractual amendment shall
remain fully effective and without any alteration, whereby there is ratification, confirmation and renewal of all of such same clauses and conditions, particularly but not limited to those relative (i) to payment of all of the monthly rents and
other lease charges, including due to delay of payment, and (ii) to its adjustments, including as to the shortest periodicity of the adjustment. 

******************* 

 In Witness Whereof, the parties execute this private instrument of AMENDMENT OF LEASE AGREEMENT executed by and
between the PARTIES on October 18, 2012, having as subject-matter MODULES 5A, 6A, 9A and 10A, included in a combination of modules of a total of 14 MODULES, constructed on “PLOT 1A” (one A), in the Municipality of Jaboatão dos
Guararapes, State of Pernambuco, with address of the mentioned development at Rua Riachão, No. 200, District of Prazeres, Postal Code 54335-025, the mentioned parties and the two witnesses below, in three (3) counterparts of equal
content and form, so as to give it legal effect. 
 Recife/PE, October 18, 2012 

/S/    GERSON DE AQUINO LUCENA
JÚNIOR 
  

CCG EMPREENDIMENTOS LTDA. 

LESSOR 
 Gerson de Aquino Lucena
Júnior 
 /S/    MARCIO KUMRUIAN 

 
 NS2.COM INTERNET
S.A. 
 LESSEE 
 Marcio
Kumruian 
  

			
	Witnesses:
	
        1.    
/S/    GRACIELA K. TANAKA        
	  	
  2.    /S/    
ARMANDO DE AZEVEDO RAMOS FILHO  

	Name: Graciela K. Tanaka	  	Name: Armando de Azevedo Ramos Filho
	ID No.: 25767308-8	  	ID No.: 5038940

 Page _ of _ of the 1st Amendment to Lease Agreement by and between CCG EMPREENDIMENTOS LTDA. and NS2.COM INTERNET.COM. dated
September 18, 2012. 

 2nd PRIVATE INSTRUMENT OF AMENDMENT OF
PROPERTY LEASE AGREEMENT FOR NON-RESIDENTIAL PURPOSE 
 By this private instrument the parties designated and
identified below, in the full and total understanding of the clauses and conditions freely covenanted and accepted, including as regards scope and effects, herein referred to jointly as PARTIES and severally as designated below, to wit: 

 

	1.	CCG EMPREENDIMENTOS LTDA., a legal entity of private law, with its head-office at Avenida Engenheiro Antônio de Góes, No. 60, 15th floor,
rooms 1503/1504, in the District if Pina, in this City of Recife/PE (State of Pernambuco), enrolled with the National Corporate Taxpayers Register of the Ministry of Finance under CNPJ/MF No. 10.171.090/0001-37, herein represented on the terms
of its Articles of Association by Gerson de Aquino Lucena Júnior, Brazilian, married, industrialist, bearer of Identity Card RG No. 1.370.710 SSP – PE, enrolled with the Individual Taxpayers Register of the Ministry of
Finance under CPF/MF No. 217.130.734-04, resident and domiciled in the Municipality of Recife/PE, hereinafter referred to as “LESSOR”. 

  

	2.	NS2.COM INTERNET S.A., a joint stock company enrolled with the enrolled with the National Corporate Taxpayers Register of the Ministry of Finance under CNPJ/MF No. 09.339.936/0001-16, with its head-office in
the Capital City of the State of São Paulo, with address at Rua Vergueiro, No. 396, District of Liberdade, herein represented by its Executive Officer, Mr. MARCIO KUMRUIAN, bearer of Identity Card RG No. 24.122.221-7 and
enrolled with the Individual Taxpayers Register of the Ministry of Finance under CPF/MF No. 168.764.418-73, resident and domiciled in the Municipality of São Paulo, hereinafter referred to as “LESSEE”. 

Now, therefore, the Parties have agreed to amend the PROPERTY LEASE AGREEMENT FOR NON-RESIDENTIAL PURPOSES, executed on September 18, 2012, which has as
its subject-matter the lease of the property located at Rua Riachão, No. 200, District of Muribeca, Jaboatão dos Guararapes – Pernambuco, Postal Code 54355-057, Modules 5A, 6A, 7A, 8A, 9A and 10A of Warehouse 1, amounting to
a total of 13,034.00 m2, which shall be governed by the following clauses and conditions: 
  

	1.	The monthly rent for the period of twelve (12) months counting from November 1, 2014 to October 31, 2015 is R$18.423567/m2 of leased constructed
area, thus representing a total amount of monthly rent for such period of twelve (12) months of lease of two hundred and forty thousand, one hundred and thirty-two Reais and seventy-seven cents (R$240,132.77), to be
paid in Brazilian legal currency. 

  

	2.	The leased PROPERTY has total area of 13,034.00 m2 of constructed area for lease, which multiplied by the amount of R$18.423567/m2, totals the amount of the monthly rent defined in item 1 above. 

  

	3.	For the amount of the lease in the period of twelve (12) months counting from June 1, 2015 up to May 31, 2016, the LESSOR grants to the LESSEE a discount of R$0.923567/m2. 

  

	4.	The discount of the month amount of the rent of the PROPERTY for such period of twelve (12) months of lease is R$0.923567/m2, which multiplied by the area
of 13,034.00 m2 of the PROPERTY totals the amount of the discount of twelve thousand, thirty-seven Reais and seventy-seven cents (R$12,037.77).

  

	5.	As from June 1, 2016 the discount mentioned in items 3 and 4 above shall end automatically and the amount per square meter (m2) of rental of the PROPERTY,
without discount, will return to the amount of R$18.423567/m2, with addition of the annual adjustment index defined in Section 6 of the Agreement amended hereunder, on the next base
date of November 1, 2015. 

  

	6.	It is hereby agreed that if the LESSEE opts, irrespective of the reason, for early return of the PROPERTY in such period from June 1, 2015 to May 31, 2016, the discount granted in items 3 and 4 of this
amendment shall be discontinued immediately, and the amount per square meter shall return to R$18.423567/m2. 

 

	7.	Thus, in addition to the provisions in item 6 above the LESSEE hereby undertakes, if it should opt for the early return of the PROPERTY in such period from June 1, 2015 to May 31, 2016, to pay the
retroactive monthly difference assessed between the amount of the rent without the discount mentioned in items 1 and 2, two hundred and forty thousand, one hundred and thirty-two Reais and seventy-seven cents
(R$240,132.77), to be adjusted on November 1, 2015, and the amount of the current rent with the discount mentioned in items 3 and 4, two hundred and twenty-eight thousand, ninety-five Reais (R$228,095.00) to be
recalculated after the adjustment on November 1, 2015. 

 In Witness Whereof, the parties execute this instrument in three
(3) counterparts of equal content and form, in the presence of the witnesses below: 
 Recife, May 31, 2015. 

/S/    GERSON DE AQUINO LUCENA
JÚNIOR 
  

GL EMPREENDIMENTOS LTDA. 

Lessor 
 Gerson de Aquino
Lucena Júnior 
 /S/    MARCIO KUMRUIAN 

 
 NS2.COM INTERNET
S.A. 
 Lessee 

Marcio Kumruian 
  

			
	Witnesses:
	
        1.    
/S/    WITNESS        
	  	
        2.    
/S/    WITNESS        

	ID No.: 5038990.SDS-PE	  	ID No.: 20.433.656-1
	CPF No.: 024.840.274-94	  	CPF No.: 170.695.528-66

  

 3RD AMENDMENT TO THE PRIVATE INSTRUMENT OF
PROPERTY LEASE AGREEMENT FOR NON-RESIDENTIAL PURPOSES 
 By this private instrument the parties designated and identified below, in the full and total
understanding of the clauses and conditions freely covenanted and accepted, including as regards scope and effects, referred to jointly as PARTIES and severally as designated below, to wit: 

 

	1.	On the one part, as LESSOR, as it shall be named hereinafter, a legal entity of private law, incorporated in the form a limited liability company, CCG EMPREENDIMENTOS LTDA., with its head-office in this City of
Recife, State of Pernambuco, with address at Avenida Engenheiro Antônio de Góes, No. 60, 15th floor, suites 1503/1504, in the District if Pina, enrolled with the National
Corporate Taxpayers Register of the Ministry of Finance under CNPJ/MF No. 10.171.090/0001-37, herein duly represented on the terms of its Articles of Association by its partner and executive officer, as thus declared by him, Mr. GERSON
DE AQUINO LUCENA JÚNIOR, Brazilian, married, industrialist, enrolled with the Individual Taxpayers Register of the Ministry of Finance under CPF/MF No. 217.130.734-04 and bearer of Identity Card RG No. 1.370.710 SSP–PE,
resident and domiciled in the Municipality of Recife, Pernambuco; and 

  

	2.	On the other part, as LESSEE, hereinafter referred to as such, NS2.COM INTERNET S.A., a joint stock company enrolled with the enrolled with the National Corporate Taxpayers Register of the Ministry of
Finance under CNPJ/MF No. 09.339.936/0001-16, with its head-office in the Capital City of the State of São Paulo, with address at Rua Vergueiro, No. 943, District of Liberdade, herein represented by its Executive Officer,
Mr. MARCIO KUMRUIAN, bearer of Identity Card RG No. 24.122.221-7 and enrolled with the Individual Taxpayers Register of the Ministry of Finance under CPF/MF No. 168.764.418-73, resident and domiciled in the Municipality of
São Paulo. 

 The LESSOR and the LESSEE, when referred to jointly, shall be named simply as “the PARTIES”. 

WHEREAS: 
  

	1.	On September 18, 2012 the PARTIES executed the PRIVATE INSTRUMENT OF PROPERTY LEASE AGREEMENT FOR NON-RESIDENTIAL PURPOSE, hereinafter referred to as “AGREEMENT”, having as its subject-matter the
lease of MODULE 7A and 8A, with a total of 4,402.00 m2, included in a group of modules, among a total of 14 MODULES, constructed on “PLOT 1A” (one A), in the Municipality of
Jaboatão dos Guararapes, State of Pernambuco, with address of the mentioned development at Rua Riachão, No. 200, District of Muribeca. 

  

	2.	On October 18, 2012 the PARTIES executed the 1st PRIVATE INSTRUMENT OF AMENDMENT TO THE PROPERTY LEASE AGREEMENT FOR NON-RESIDENTIAL PURPOSES, hereinafter
referred to as “1st AMENDMENT”, having as subject-matter the lease of MODULES 5A, 6A, 9A and 10A, included in the same group of modules, in a total of 14 MODULES, constructed on
“PLOT 1A” (one A), in the Municipality of Jaboatão dos Guararapes, State of Pernambuco, with address of the mentioned development at Rua Riachão, No. 200, District of Muribeca. 

 

	3.	On May 31, 2015 the PARTIES executed the 2nd PRIVATE INSTRUMENT OF AMENDMENT TO THE PROPERTY LEASE AGREEMENT FOR NON-RESIDENTIAL PURPOSES, hereinafter referred
to as “2nd AMENDMENT”, having as subject-matter the granting of a discount of R$0.923567/m2 for the period from June 1,
2015 to May 31, 2016. 

  

	4.	That the LESSEE is interested in leasing one (1) more module of the same and mentioned development of modules which is fully and exclusively owned by the LESSOR, which MODULE 11A is free and clear of persons
and things, without any burdens or liens applying to it that could affect its peaceful use by the LESSEE. 

  

	5.	That, in turn, the LESSOR is interested in leasing the mentioned MODULE 11A to the LESSEE, as a part of the subject-matter of the lease agreed in the AGREEMENT, establishing a determined term of effectiveness
that coincides with that of the AGREEMENT, with adjustment of the Building Insurance Clause, and maintaining unaltered all of the other clauses and conditions of the AGREEMENT. 

RESOLVE and have jointly agreed to AMEND the mentioned LEASE AGREEMENT so as to include in the subject-matter of the lease MODULE 11A, pursuant to the
following clauses and conditions, to wit: 
 Section 1. Subject-matter of the lease. 

MODULES 11A are included in the subject-matter of the lease of the LEASE AGREEMENT previously designated and now being amended, with a leased area of 2,287.00
m2, which are described and characterized in items 1.1 and 1.1.2 of Section 1 of the lease agreement amended hereunder, which shall be delivered by the LESSOR to the LESSEE on the first (1st) day of the month of December of the year two thousand and fifteen (2015), the date on which the period of lease of such new module begins to run. 

Section 2. Period of lease. 
 The parties hereby
establish by mutual agreement that the term of the lease of MODULE 11A shall become effective, for all purposes of this 3rd AMENDMENT, on December 1, 2015 and shall coincide with the end of
the term of the AGREEMENT, together with MODULES 5A, 6A 7A, 8A, 9A and 10A, thus ending on January 31, 2018. 
 Section 3. The monthly rent,
the grace period, its payment and the adjustment. 
  

	3.1.	The monthly rent of this new MODULE 11A shall correspond to the amount of R$18.423567/m2, amounting to a monthly total of forty-two thousand, one hundred and
thirty-four Reais and seventy cents (R$42,134.70). For the period from December 1, 2015 to May 31, 2016, the LESSOR grants, as provided in the 2nd AMENDMENT, a discount of
R$0.923567/m2 of lease that, when multiplied by the area of 2,287.00m2 of the PROPERTY, totals the amount of the monthly discount of two
thousand, one hundred and twelve Reais and twenty cents (R$2,112.20). The amount of the lease of the new MODULE shall be paid on the same day on which the monthly rents of MODULES 5A, 6A, 7A, 8A, 9A and 10A fall due, and together with the
payment of such monthly rents of MODULES 5A, 6A, 7A, 8A, 9A and 10A, currently in a total amount of two hundred and forty thousand, one hundred and thirty-two Reais and seventy-seven cents (R$240,132.77) with a discount of R$0.923567/m2 of rent in the period from June 1, 2015 to May 31, 2016, arriving at an amount of discount of twelve thousand, thirty-seven Reais and seventy-seven cents (R$12,037.77).

  

	3.2.	The amount of the monthly rent of MODULE 11A shall be adjusted together with the other MODULES on the same base date, on November 1, 2015, according to the index provided for in the AGREEMENT now amended, i.e. the
positive accrued variance of the IGP-M (General Market Price Index) calculated by the FGV (Getúlio Vargas Foundation), incurred in the period from November 1, 2014 to October 31, 2015, with the date of the first adjustment, on the
terms of the agreement amended hereunder, and on the same base date as for the other annual adjustments, so that as from then on the monthly rent shall be restated monetarily successively upon each period of twelve (12) months, always using as
the base amount for the calculation of the adjustment the amount of the last adjusted lease. 

  

	3.3.	A grace period shall be granted to the LESSEE for the payment of the Rent relative exclusively to the new MODULE 11A, as described below: 

 

	(a)	a grace period of thirty (30) days for payment of the rent corresponding to the area of two thousand, two hundred and eighty-seven square meters
(2,287.00/m2) of the PROPERTY; 

  

	(b)	the grace period described above shall be counted from the Date of Beginning of the Lease for this new MODULE 11A, i.e., December 1, 2015, and has the purpose of enabling the LESSEE to carry out the necessary
adjustments in the PROPERTY, as well as to enable for the LESSOR the finalization of any pending items deriving from the completion of the renovations in the PROPERTY. 

Section 4. The Insurance and Responsibility for Occurrence of Damages on the Leased Property 

 

	4.1.	The LESSOR hereby undertakes to maintain the PROPERTY, with all of its ancillary fixtures and improvements, during the term of the lease, regularly insured with a reputable first-line insurer in the Brazilian insurance
market, by means of a property policy, with a Waiver of Right of Recourse – DDR Clause covering all of the risks of destruction of the building, including but not limited to those deriving from destruction due to fire, lightning, explosion,
landslide for any reason, windstorm and impact of vehicles, according to the valuation effective by the insurer, but never less than the amount accepted hereunder by the parties as being the true value of the property, for the first period of twelve
(12) months, of fifteen million, three hundred and twenty-one thousand Reais (R$15,321,000.00), which corresponds to the amount of one thousand Reais (R$1,000.00) per leased constructed square meter, with restatement of the
mentioned amount upon each twelve (12) months of effectiveness of this Lease Agreement, according to the monetary restatement index provided in this Lease Agreement for the adjustment of the monthly rent and by the effective valuation of the
leased PROPERTY, always adopting the higher amount, showing the LESSOR, or whichever party the latter may designate, as exclusive beneficiary of the insurance. 

 

	4.1.1.	The insurance shall be renewed annually and shall be maintained throughout the period that the LESSEE remains in the PROPERTY and that this lease agreement is effective. 

 

	4.1.2.	The LESSOR hereby undertakes to send to the LESSEE copies of all of the relevant insurance policies whenever there is renewal thereof, except for the beginning of the period of this lease, when the copies shall be made
available at the beginning of the activities of the LESSEE in the PROPERTY. 

  

	4.1.3.	The LESSOR shall purchase the insurance referred to in item 4.1. above of this Section, choosing the insurer and effecting payment of the relevant premium, within a period of five (5) days counting from the request
by the LESSOR in this regard, when it is clear that if the insurance is contracted by the LESSOR for the entire construction and not only for the PROPERTY, the relevant premium shall be borne by the LESSEE in proportion and corresponding to the area
of the PROPERTY in relation to the totality of the area of the property described in item 1.1.2 of Section 1 of the AGREEMENT amended hereunder. 

  

	4.1.3.1.	The reimbursement referred to in sub-item 4.1.3 above shall be effected on the same conditions that the payment of the premium to the Insurer has been contracted, by means of presentation by the LESSOR to the LESSEE of
the insurance contract and of the relevant invoice paid or to be paid. 

  

	4.1.3.2.	If the LESSEE delays the payment of one or more of the installments of the mentioned reimbursement, the LESSEE undertakes to pay (i) monetary restatement according to the accrued positive variance of the General
Market Price Index (IGP-M), calculated by the Getúlio Vargas Foundation (FGV), and in the absence thereof by the substitute indices designated in this Lease Agreement for the restatement of the monthly rent, incurred from the date of maturity
of the amount to the date of effective payment of such amount; (ii) default interest of one percent (1%) per month, for the period of delay that has occurred between the date of maturity of the amount of the reimbursement and the date of
effective payment of such amount, and (iii) a penalty fine of ten percent (10%) of the amount overdue and unpaid, duly restated monetarily, which charges shall apply irrespective of notice, notification or judicial or extrajudicial
interpellation, without prejudice of the possibility of rescission of this Lease Agreement, on the terms provided in Section 11 of the AGREEMENT amended hereunder. 

 

	4.2.	The LESSEE hereby acknowledges and accepts on an express, irrevocable and irreversible basis, that under no circumstance may the LESSOR be held responsible by the LESSEE, either directly or indirectly, for any damages
or losses caused to the equipment, machinery, stocks of materials, any other goods, documents and/or any other assets of the LESSEE or of any third parties, located in any one of the components of the PROPERTY and its common areas, whether due to
theft, robbery, fire, collapse, leakage of water, flooding or by any act or omission of any party, whatsoever, or due to any other event, accident, insurance loss or fact that could occur for any reason, throughout the entire time in which the
LESSEE remains in any part of the PROPERTY, until its effective return fully unoccupied to the LESSOR. 

  

	4.2.1.	As a consequence, in addition to the provisions above, the LESSEE hereby waives any right or pretention that it could have in relation to the LESSOR, in the event that any one of the acts, accidents, insurance losses or
other facts provided above could eventually occur, for any reason. 

  

	4.2.2.	For such purpose, in order to prevent for itself the problems provided above, the LESSEE shall, under its exclusive and total responsibility and, also, at the sole and exclusive expense of the LESSEE, contract with a
reputable first-line company in the Brazilian insurance market, the total insurance, with a Waiver of Right of Recourse clause – DDR Clause in relation to the LESSOR, against all of such insurance losses and/or accidents, and for the true
values of all of its belongings and/or belongings of any third parties that are located in one of the premises of the PROPERTY and/or in its surroundings, from the beginning of the lease up to the date of its total withdrawal and of return of the
PROPERTY leased hereunder totally unoccupied. 

  

	4.3.	In view of what is established in the items above to be inserted in the contracting of the insurance, be it by the LESSOR or be it by the LESSEE of the clause of waiver of the right of recourse (DDR), it is hereby
certain and agreed that the insurer, as well as the Parties reciprocally, shall not have the right to be reimbursed for any indemnity paid for damages and losses resulting from an act or fact for which the LESSOR or the LESSEE are liable, which is
why they waive the right of recourse that they could have one against the other. 

  

	4.4.	If there is no stipulation of the clause of waiver of the right of recourse (DDR), regardless of the reason, in the insurance to be purchase by the LESSEE, the LESSEE assumes in relation to the LESSOR the obligation of
payment to the insurer of any reimbursement or indemnity that may have been requested to the LESSOR by the insurer that it has paid any amount, on account of indemnity or under any argument, including but not limited to, the alleged fault of the
LESSOR in the construction of the leased building. 

 Section 5. Guarantee 

The Guarantee remains as the Letter of Guarantee or Bank Guarantee with a First Line Insurance Company, on the same conditions designated in Section 19 of
the AGREEMENT amended hereunder. 
 Section 6. Ratification, confirmation and renewal of the clauses of the amended lease agreement. 

All of the clauses and conditions of the lease CONTRATO amended hereunder that have not been expressly or tacitly altered by this contractual amendment shall
remain fully effective and without any alteration, whereby there is ratification, confirmation and renewal of all of such same clauses and conditions, particularly but not limited to those relative (i) to the payment of all of the monthly rents
and other lease charges, including due to delay of payment, and (ii) to its adjustments, including as to the shortest periodicity of the adjustment. 

Section 7. Jurisdiction. 
 In order to examine and
decide on any and all matters that concern the existence, performance and validity of the agreements between the parties in this instrument, the parties hereby elect the courts of the Judicial District of Recife/PE, the same one as for the
AGREEMENT, with express waiver of any other court, no matter how privileged it may be or may become. 
  

 In Witness Whereof, executing this private instrument of 3RD
AMENDMENT TO THE PRIVATE INSTRUMENT OF PROPERTY LEASE AGREEMENT FOR NON-RESIDENTIAL PURPOSES are the PARTIES and the two witnesses below, in its three (3) Counterparts of equal content and form, so as to give it legal effect. 

Recife, October 23, 2015. 

/S/    GERSON DE AQUINO LUCENA
JÚNIOR 
  

CCG EMPREENDIMENTOS LTDA. 

Lessor 
 Gerson de Aquino
Lucena Júnior 
 /S/    MARCIO KUMRUIAN 

 
 NS2.COM INTERNET
S.A. 
 Lessee 

Marcio Kumruian 
  

			
	Witnesses:
	
    1.    /S/   
 ARMANDO DE AZEVEDO RAMOS FILHO     
	  	
2.    /S/    FELIPE
AUGUSTO VALENÇA DE CARVALHO

	Name: Armando de Azevedo Ramos Filho	  	Name: Felipe Augusto Valença de Carvalho
	CPF No.: 024.840.274-94	  	CPF No.: 089.394.294-43

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00268-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00268-of-00352.parquet"}]]