Document:

Exhibit 10.5

 

COSTS SHARING AGREEMENT

 

By this private instrument, the parties
qualified below:

 

Cogna Educação S.A.,
a company headquartered in the City of Belo Horizonte, State of Minas Gerais, at Rua Santa Madalena Sofia, No. 25, 4th floor, Suite
01, Vila Paris District, Postal Code 30380-650, enrolled with CNPJ/MF under No. 02.800.026/0001-40, with its articles of incorporation
filed with the State of Minas Gerais Commercial Registry, under State Registration Number NIRE 31300025187, represented herein
pursuant to its bylaws (“Cogna”);

 

Editora e Distribuidora Educacional
S.A., a company headquartered in the City of Belo Horizonte, State of Minas Gerais, at Rua Santa Madalena Sofia, No. 25, 3rd
floor, Vila Paris District, Postal Code 30380-650, enrolled with the CNPJ/MF under No. 33.733.648/0001-40, with its articles of
association filed with the State of Minas Gerais Commercial Registry, under State Registration Number NIRE 31300094022, represented
herein pursuant to its bylaws (“EDE”);

 

And,

 

THE OTHER COMPANIES LISTED IN EXHIBIT
I to this agreement, herein represented by Cesar Augusto Silva and Mario Ghio Junior (“Other Companies”);

 

Cogna, EDE and Other Companies, hereinafter
referred to jointly as “Parties” and, individually, as “Party”.

 

WHEREAS:

 

(i) the Parties are part of the same economic
group, hereinafter referred to as “Economic Group”;

 

(ii) the Economic Group, in general, has
as its purpose the development of or participation as a partner or shareholder in companies that explore (i) the administration
of activities of early childhood education, elementary, secondary, high-school substitution program, pre-university, college, professional,
graduate studies, free courses and/or other related educational activities; and (ii) wholesale and retail trade, distribution,
import, export of textbooks, educational books, magazines and other publications aimed at early childhood education, elementary,
secondary, high-school substitution program, pre-university, higher, professional, graduate studies, free courses and/or other
related educational activities, as well as licensing for school and pedagogical products;

 

(iii) the Economic Group intends to optimize
its activities by sharing structures related to (i) Investor Relations, (ii) Legal, (iii) Product, Management and Expansion, (iv)
Digital Technology and Transformation, (v) Finances, and (vi) Human Resources (“HR”), the Shared Services Center (“CSC”)
and Infrastructure, provided that such list is not exhaustive, which conduct business that are deemed secondary activities not
included in the business purpose of any of the Parties (“Secondary Activities”), to meet common needs;

 

(iv) the Secondary Activities subject to
sharing shall be used by the Parties, according to their operational needs;

 

(v) Cogna, or other Parties to be designated,
shall manage the conduction of the Secondary Activities and, therefore, shall bear all the common costs and expenses arising from
such activities (“Expenses”); and

 

(vi) the Expenses arising from the Secondary
Activities shall be apportioned between the Parties, under the expense sharing regime so that part of the Expenses borne by a certain
Party shall be reimbursed by the other Parties.

 

NOW, THEREFORE, the Parties hereby
enter into this Expenses Sharing Agreement

 

     

     

    

(“Agreement”), which shall
be governed by the terms and conditions set out below.

 

1. PURPOSE

 

1.1. The purpose of this
Agreement is the sharing of the Secondary Activities between the Parties and the apportionment of the corresponding expenses, as
provided for in detail in Section 2 below.

 

1.2. The expenses to
be apportioned under this Agreement are the Expenses related to the following activities: i) Investor Relations: Representation
of the company and its controlled companies before investors and the financial market, including supply of information, performance
of events and support to investors, ii) Legal: Representation, monitoring and settlement in/of lawsuit, interface with external
offices, issuance of reports, preventive advice in litigation, monitoring of supplies, writing, analysis and management of contracts
of any nature; internal controls, and corporate compliance, internal corporate governance of governance boards and committees before
market and sector regulatory agents, iii) Product, Management and Expansion: Planning, control and performance of projects of the
business units (“BU” or “BUs”), including mergers and acquisitions, iv) Digital Technology and Transformation:
Management and maintenance of Infrastructure and networks, development and maintenance of corporate systems and technology business
architecture, v) Finances: Management and operation of supply chain, control of income, costs, expenses and assets, tax and fiscal
planning, financial statements, corporate budget and treasury, vi) Human Resources, CSC and Infrastructure: Union and labor relations,
recruitment and selection, internal corporate consultancy, training and development, internal communication and HR performance.
Management of back office services (CSC), such as financial operations, management of personnel, Occupational Safety and Health
Engineering (“SESMT”), and continuous improvement. Maintenance and management of the real properties of the company
and its controlled companies.

 

1.2.1. The list of Expenses
above is not exhaustive, and this Agreement includes the apportionment of any and all corporate or administrative expenses that
are not subject to be directly allocated to one single Party.

 

1.3. The Parties shall
reimburse the Party that bore the cost of a certain Expense for any and all Expenses incurred by it, in relation to the Secondary
Activities actually used by the Parties, according to the criteria described in Section 2.1 below.

 

2. APPORTIONMENT POLICY

 

2.1. For purposes of
determining the amount of Expenses to be subject of the apportionment and reimbursement, the Parties shall adopt the criteria of
realized Net Operating Revenue (“ROL”), where the percentage of each of the parties shall be defined based on the representativeness
of the ROL of the respective Party in respect of the ROL of all the Parties, so that the percentage of the transfer shall be defined
in the preceding year and applied to the year in which the apportionment is in effect.

 

2.1.1. The criteria above
may be subject to annual adjustments and reviews.

 

2.2. The Parties agree
that the calculation of Expenses to be reimbursed based on the above criteria shall be done by EDE, and the former reserves the
right to revise such calculations.

 

2.2.1. EDE undertakes
to prepare monthly spreadsheets of shared activities, identifying which Expenses shall be reimbursed by the Parties to the Party
that actually bore such Expenses issued for the account and order of the Corresponding Party, through a debit note, under the terms
of this Agreement.

 

2.2.2. The Expenses to
be apportioned and reimbursed shall be evidenced in a Statement of Income of the Year (“DRE”) to be prepared by EDE
on behalf of the Corresponding Party.

 

     

     

    

2.3. Each of the Parties
shall keep, for the period required by law, all documentation used in the writing of the books, including, without limitation,
tax invoices, invoices/trade bills, tax and contribution payment forms, bank slips, proof of deposit and contracts in general,
in perfect order and in specific files, for any consultation, by the other Party, which may be requested at any time.

 

3. FORM, PAYMENT TERMS AND CONDITIONS

 

3.1. The reimbursement
of Expenses related to a given calendar month shall be presented by EDE, on behalf of the Corresponding Party, by the tenth business
day of the month following the knowledge of Expenses and shall be reimbursed up to thirty (30) days after the issue of the sharing
charge.

 

3.2. In the event of
late payment described in Section 3.1. above, the amount shall be levied on the overdue amount, in addition to the pro rata die
inflation restatement, calculated by the accumulated percentage variation of the Broad National Consumer Price Index (“IPCA”)
or, in the absence or impossibility of its application, based on the variation of the IGP-DI or IPC of FGV, or another that may
replace them, a non-compensatory fine of two percent (2%) on the amounts due, and default interest at the rate of one percent (1.0%)
per month.

 

4. ACCOUNTING

 

4.1. Each Party shall
recognize as an expense in its accounting only the amount actually borne after the apportionment of Expenses provided for in this
Agreement.

 

5. TERM AND TERMINATION

 

5.1. This Agreement shall
remain in force for the period of one year counted from its signature, being automatically renewed for the same period, except
in the case of questioning by either Party.

 

5.2. This Agreement shall
be considered immediately terminated, without the need for prior communication between the Parties, in the event of a change in
the shareholding control of any of the Parties that implies the withdrawal of one of them from the Economic Group.

 

5.3. At any time, either
Party may unilaterally terminate this Agreement, by giving written notice to the other Party at least ninety (90) days in advance.

 

6. CONFIDENTIALITY

 

6.1. The term “Confidential
Information”, for the purposes of this Agreement, shall include all disclosures made by either Party to the other and to
their respective affiliates, officers, directors, employees and agents, either verbally or in writing, even if any such disclosure
is identified as such or is signed as “Confidential”, “All Rights Reserved”, or similar connotation designation.
Each Party agrees that any Confidential Information that has been, or shall be disclosed (directly or indirectly) to them shall
be kept confidential by the receiving Party and its respective officers, directors, employees and agents, and shall not be disclosed
by any receiving Party, its respective officers, directors, employees and agents to any third parties, without the prior express
consent of the disclosing Party. The Information shall not be considered “Confidential Information” when:

 

a) is or becomes of general knowledge other
than as a result of disclosure by the Parties;

 

b) has been made available to the Parties
without confidentiality prior to its disclosure under the terms of this Agreement;

 

c) is or becomes available to the Parties
without confidentiality from a person other than the Parties who, to the best of their knowledge, is not otherwise bound by confidentiality
obligations to the Parties; or

 

d) is developed by the Parties independently.

 

     

     

    

6.2. If the Parties or
any of their respective officers, directors, employees and agents are required to disclose any Confidential Information under the
terms of any applicable law, they must, in advance, inform such Party to the holder of the Confidential Information.

 

7. MISCELLANEOUS PROVISIONS

 

7.1. All communications
and notices arising from this Agreement shall be made in writing and shall be delivered in person, sent by registered letter, to
the address specified in the qualification of the Parties, or any other address that the parties specify by written notice.

 

7.2. Any and all modifications,
alterations or amendments to this Agreement shall only be valid if made by written instrument, signed by the Parties.

 

7.3. This Agreement binds
the Parties and their respective authorized successors. Neither Party may assign this Agreement, in whole or in part, without the
prior written consent of the other Party.

 

7.4. If any of the Parties
fails to exercise any of their rights, such failure cannot be considered a waiver or novation and shall not affect the subsequent
exercise of such rights.

 

8. JURISDICTION

 

8.1. The Parties elect
the jurisdiction of the Judicial District of São Paulo, State of São Paulo, to settle any doubts and/or questions
arising from this Agreement, waiving any other, however privileged it may be.

 

And, in witness whereof, the Parties execute
this instrument in two (2) counterparts of the same content and form, for one purpose, together with the two (2) undersigned witnesses.

 

January 21, 2020

 

Cogna Educação S.A.

	(sgd)	(sgd)
	César Augusto Silva	Leonardo Augusto Leão Lara
	Controllership Director	General Counsel
	Identity Card (RG): [****]	(illegible)
	
        Individual Taxpayers’ Register (CPF):
        [****]

        

        [****]

        
	 

 

Editora Distribuidora Educacional
S.A.

	(sgd)	(sgd)
	César Augusto Silva	Leonardo Augusto Leão Lara
	Controllership Director	General Counsel
	Identity Card (RG): [****]	(illegible)
	
        Individual Taxpayers’ Register (CPF):
        [****]

        

        [****]

        
	 

 

Other Companies

	(sgd)	(sgd)
	César Augusto Silva	Leonardo Augusto Leão Lara

     

     

    

	Controllership Director	General Counsel
	Identity Card (RG): [****]	(illegible)
	
        Individual Taxpayers’ Register
(CPF): [****]

        [****]
	 

 

Witnesses: 

	1. (sgd)	2. (sgd)
	Name: Juliana P. I. G. Camargo	Name: Cleyton Pereira da Silva
	Identity Card (RG): [****]	Identity Card (RG): [****]
	
        Individual Taxpayers’ Register (CPF/MF):

        

        [****] 
	
        Individual Taxpayers’ Register (CPF/MF):

        

        [****] 

 

EXHIBIT I

 

List of the Other Companies that are
Parties to the Agreement

	

 

     

     

    

 

 

 

     

     

    

 

 

 

     

     

    

 

 

 

SP - 27082399v1

 

Pages initialedExhibit 10.6 

 

SHARED WAREHOUSE AND LOGISTICS
ACTIVITIES AGREEMENT

 

By this
private instrument, the parties qualified below:

 

SOMOS
SISTEMAS DE ENSINO S.A., a company headquartered in the City of São José dos Campos, State of São Paulo,
at Rodovia Presidente Dutra, KM 136, block 02, module 02, Eugênio de Mello District, Postal Code 12247-004, enrolled with
the National Corporate Taxpayers’ Register (CNPJ/MF) under No. 49.323.314/0009-71, with its articles of incorporation filed
with the State of São Paulo Commercial Registry, under State Registration Number NIRE 35905163183, herein represented pursuant
to its bylaws (“Somos Sistemas”);

 

EDITORA
E DISTRIBUIDORA EDUCACIONAL S.A., a company headquartered in the city of São José dos Campos, state of São
Paulo, at Rodovia Presidente Dutra, KM 136, block 02, module 01, part A, Eugênio de Mello District, Postal Code 12247-004,
enrolled with the CNPJ/MF under No. 38.733.648/0129-03, with its articles of incorporation, registered with the State of São
Paulo Commercial Registry, under State Registration Number NIRE 35905893564, represented herein pursuant to its bylaws (“EDE
“);

 

SARAIVA
EDUCAÇÃO S.A., a company headquartered in the City of São José dos Campos, State of São
Paulo, at Rodovia Presidente Dutra, KM 136, block 04, module 05, Eugênio de Mello District, Postal Code 12247-004, enrolled
with the CNPJ/MF under No. 50.268.838/0001-39, with its articles of incorporation filed with the State of São Paulo Commercial
Registry, under State Registration Number NIRE 35300497911, represented herein pursuant to its bylaws (“Saraiva”);

 

EDITORA
ÁTICA S.A., a company headquartered in the City of São José dos Campos, State of São Paulo, at
Rodovia Presidente Dutra, KM 136, block 02, module 06, Eugênio de Melo District, Postal Code 12247-004, enrolled CNPJ/MF
under No. 61.259.958/0041-83, with its articles of incorporation filed with the State of São Paulo Commercial Registry,
under State Registration Number NIRE 35902350071, represented herein pursuant to its bylaws (“Editora Ática”);

 

EDITORA
SCIPIONE S.A., a company headquartered in the City of São José dos Campos, State of São Paulo, at Rodovia
Presidente Dutra, KM 136, block 02, module 05, Eugênio de Mello District, Postal Code 12247-004, enrolled with CNPJ/MF under
No. 44.127.355/0006-26, with its articles of incorporation filed with the State of São Paulo Commercial Registry, under
State Registration Number NIRE 35902350071, herein represented pursuant to its bylaws (“Editora Scipione”)

 

SGE COMÉRCIO
DE MATERIAL DIDÁTICO LTDA., company headquartered in the City of São Paulo, State of São Paulo, at Rodovia
Presidente Dutra, KM 136, block 02, mezzanine, 2nd floor, room 1, Eugênio de Mello District, Postal Code 12247-004, enrolled
with the CNPJ/MF under No. 12.708.358/0001-52, with its articles of association filed with the State of São Paulo Commercial
Registry, under State Registration Number NIRE 35230993655, represented herein pursuant to its articles of association (“SGE”);

 

LIVRARIA
LIVRO FÁCIL LTDA., company headquartered in the city of São José dos Campos, State of São Paulo,
at Rodovia Presidente Dutra, KM 136, block 01, module 01, Eugênio de Mello District, Postal Code 12247-004, enrolled with
CNPJ/MF under No. 96.318.142/0016-57, with its articles of incorporation, filed with the State of São Paulo Commercial
Registry, under State Registration Number NIRE 35905611518, represented herein pursuant to its articles of association (“Livro
Fácil”); and

 

SOMOS
IDIOMAS S.A., a company headquartered in the City of São José dos Campos, State of São Paulo, at Rodovia
Presidente Dutra, KM 136, block 02, module 04, part A, Eugênio de Mello District, Postal Code 12247-004, enrolled with CNPJ/MF
under No. 03.824.725/0021-36, with its articles of incorporation filed with the State of São Paulo Commercial Registry,
under State Registration Number NIRE 35905607367, represented herein, in accordance with its bylaws (“Somos Idiomas”);

 

MAXIPRINT
EDITORA LTDA., a company headquartered in the City of São José dos Campos, State of São Paulo, at
Rodovia Presidente Dutra, KM 136, Block 04, Module 01, Eugênio de Mello District, Postal Code 12247-004, enrolled with
the CNPJ/MF under No. 80.190.796/0001-21, with its

 

    	 

    	 

    

articles
of incorporation filed with the State of São Paulo Commercial Registry, under State Registration Number NIRE 35228770318,
represented herein pursuant to its bylaws (“Maxiprint”);

 

SABER
SERVIÇOS EDUCACIONAIS S.A., a company headquartered in the City of São José dos Campos, State of São
Paulo, at Rodovia Presidente Dutra, KM 136, block 02, module 01, Part B, Eugênio de Mello District, Postal Code 12247-004,
enrolled with CNPJ/MF under No. 03.818.379/0023-45, with its articles of incorporation filed with the State of São Paulo
Commercial Registry, under State Registration Number NIRE 35905821601, represented herein pursuant to its bylaws (“Saber”);

 

SARAIVA
SOLUÇÕES EDUCACIONAIS S.A., a company headquartered in the City of São José dos Campos, State
of São Paulo, at Rodovia Presidente Dutra, KM 136, block 02, module 03, Eugênio de Mello District, Postal Code 12247-004,
enrolled with the CNPJ/MF under No. 24.081.734/0002-91, with its articles of incorporation filed with the State of São
Paulo Commercial Registry, under State Registration Number NIRE 35905218689, represented herein pursuant to its bylaws (“Saraiva
Soluções”);

 

EDITORA
JOAQUIM LTDA., a company headquartered in the City of São Paulo, State of São Paulo, at Avenida das Nações
Unidas, 7221, Floor 1, Sector C, Space 3, Pinheiros, Postal Code 05425- 902, enrolled with CNPJ/MF under No. 20.000.183/0001-52
with its articles of association filed with the State of Sao Paulo Commercial Registry under State Registration Number NIRE 35228291509,
herein represented pursuant to its bylaws (“Joaquim” );

 

EDITORA
PIGMENTO LTDA., a company headquartered in the City of São Paulo, State of São Paulo, at Avenida das Nações
Unidas, 7221, Floor 1, Sector C, Space 1, Pinheiros, Postal Code 05425- 902, enrolled with the CNPJ/MF under No. 19.962.101/0001-71
with its articles of association filed with the State of São Paulo Commercial Registry, under State Registration Number
NIRE 35228275741, represented herein pursuant to its bylaws (“Pigmento”);

 

EDITORA
TODAS AS LETRAS LTDA., a company headquartered in the City of São Paulo, State of São Paulo, at Avenida das
Nações Unidas, 7221, Floor 1, Sector C, Space 2, Pinheiros, Postal Code 05425-902, enrolled with the CNPJ/MF under
No. 19.962.104/0001-05, with its articles of association filed with the State of São Paulo Commercial Registry, under NIRE
35228291509, represented herein pursuant to its bylaws (“Todas as Letras”);

 

SB SISTEMA
DE ENSINO E EDITORA LTDA., a company headquartered in the City of São José dos Campos, State of São Paulo,
at Rodovia Presidente Dutra, KM 136, Block 04, Sector 02, Exhibit A, Eugênio de Mello District, Postal Code 12247-004, enrolled
with the CNPJ/MF under No. 28.567.073/0002-60, with its articles of association filed with the State of São Paulo Commercial
Registry, under State Registration Number NIRE 35905674218, represented herein pursuant to its articles of association (“SB
Sistema”);

 

Somos Sistemas,
EDE, Saraiva, Editora Ática, Editora Scipione, Livro Fácil, Somos Idiomas, Maxiprint, Saber, Saraiva Soluções,
Joaquim, Pigmento, Todas as Letras and SB Sistema, hereinafter referred to jointly as “Parties” and, individually,
as “Party”.

 

WHEREAS:

 

(i) the
Parties are part of the same economic group, hereinafter referred to as “Economic Group”;

 

(ii) the
Economic Group, in general, has as its purpose the development of or participation as a partner or shareholder in companies that
explore (i) the administration of ‘activities of early childhood education, elementary, secondary, high-school substitution
program, pre-university, college, professional, graduate studies, free courses and/or other related educational activities; and
(ii) wholesale and retail trade, distribution, import, export of textbooks, educational books, magazines and other publications
aimed at early childhood education, elementary, secondary, high-school substitution program, pre-university, higher, professional,
graduate studies, free courses and/or other related educational activities, as well as licensing for school and pedagogical products;

 

(iii) the
Economic Group intends to optimize its activities by sharing expenses incurred in the use of 

 

    	 

    	 

    

the
Distribution Center (“CD”), located in the city of São José dos Campos, state of São
Paulo, at Rodovia Presidente Dutra, KM 136, Eugênio de Mello District, Postal Code 12247-004, to be used in a shared
way by the Parties, to meet common needs;

 

(iv) the
use of the CD corresponds to an ancillary activity to achieve the commercial purposes of the parties, being subject to sharing
by the Parties, according to their operational needs;

 

(v) Somos
Sistemas shall bear the direct costs of use of the CD and, therefore, shall bear all the corresponding common costs and expenses
(“Expenses”); and

 

(vi) the
Expenses shall be apportioned between the Parties, under the expense sharing regime so that part of the Expenses borne by Somos
Sistemas shall be reimbursed by the Parties.

 

NOW THEREFORE,
the Parties hereby enter into this Expenses Sharing Agreement (“Agreement”), which shall be governed by the terms
and conditions set out below.

 

1. PURPOSE

 

1.1.
The purpose of this Agreement is the sharing of expenses arising from the use of the CD between the Parties, including expenses
related to lease, payroll and related expenses of the employees who operate the CD; contracting of temporary labor; rent of machinery
and equipment; cleaning and security utilities; maintenance; and third-party services and the apportionment of the corresponding
expenses.

 

1.2.
The Parties shall reimburse Somos Sistemas for any and all Expenses incurred by it, in relation to the use of the CD, in relation
to the portion actually used by the Parties, according to the criteria described in Section 2.2 below.

 

2. APPORTIONMENT
POLICY

 

2.1.
For purposes of determining the amount of Expenses to be subject of the apportionment and reimbursement, the Parties shall adopt
the criteria of square meters effectively used (“M2”), where the percentage of each of the parties shall be defined
based on the useful area corresponding to the number of square meters of the CD actually used in its activities, compared to the
total useful area of the CD.

 

2.2.
The Parties agree that the calculation of Expenses to be reimbursed based on the above criteria shall be done by Somos Sistemas,
and the former reserves the right to revise such calculations.

 

2.2.1.
Somos Sistemas undertakes to prepare monthly spreadsheets of shared activities, identifying which Expenses shall be reimbursed
by the Parties, through a debit note, under the terms of this Agreement.

 

2.3.
Each of the Parties shall keep, for the period required by law, all documentation related to the lease of the CD, including, without
limitation, proof of deposit and contracts in general, in perfect order and in specific files, for any consultation, by the other
Party, which may be requested at any time.

 

3. FORM,
PAYMENT TERMS AND CONDITIONS

 

3.1.
The reimbursement of Expenses related to a given calendar month shall be presented by Somos Sistemas by the tenth business day
of the month following the knowledge of Expenses and shall be reimbursed up to thirty (30) days after the issue of the sharing
charge.

 

3.2.
In the event of late payment described in Section 3.1. above, the amount shall be levied on the overdue amount, in addition to
the pro rata die inflation restatement, calculated by the accumulated percentage variation of the Broad National Consumer
Price Index (“IPCA”) or, in the absence or impossibility of its application, based on the variation of the IGP-DI
or IPC of FGV, or another that may replace them, to a very non-compensatory amount of two percent (2%) on the amounts due, and
default interest at the rate of one percent (1.0%) per month.

 

4. ACCOUNTING

 

4.1.
Each Party shall recognize as an expense in its accounting only the amount actually borne after the apportionment of Expenses
provided for in this Agreement.

 

    	 

    	 

    

5. TERM
AND TERMINATION

 

5.1.
This Agreement shall remain in force for the period of one year counted from its signature, being automatically renewed for the
same period, except in the case of questioning by either Party.

 

5.2.
This Agreement shall be considered immediately terminated, without the need for prior communication between the Parties, in the
event of a change in the shareholding control of any of the Parties that implies the withdrawal of one of them from the Economic
Group.

 

5.3.
At any time, either Party may unilaterally terminate this Agreement, by giving written notice to the other Party at least ninety
(90) days in advance.

 

6. CONFIDENTIALITY

 

6.1.
The term “Confidential Information”, for the purposes of this Agreement, shall include all disclosures made by either
Party to the other and to their respective affiliates, officers, directors, employees and agents, either verbally or in writing,
even if any such disclosure is identified as such or is signed as “Confidential”, “All Rights Reserved”,
or similar connotation designation. Each Party agrees that any Confidential Information that has been, or shall be disclosed (directly
or indirectly) to them shall be kept confidential by the receiving Party and its respective officers, directors, employees and
agents, and shall not be disclosed by any receiving Party, its respective officers, directors, employees and agents to any third
parties, without the prior express consent of the disclosing Party. The Information shall not be considered “Confidential
Information” when:

 

a) is or
becomes of general knowledge other than as a result of disclosure by the Parties;

 

b) has been
made available to the Parties without confidentiality prior to its disclosure under the terms of this Agreement;

 

c) is or
becomes available to the Parties without confidentiality from a person other than the Parties who, to the best of their knowledge,
is not otherwise bound by confidentiality obligations to the Parties; or

 

d) is developed
by the Parties independently.

 

6.2.
If the Parties or any of their respective officers, directors, employees and agents are required to disclose any Confidential
Information under the terms of any applicable law, they must, in advance, inform such Party to the holder of the Confidential
Information.

 

7. MISCELLANEOUS
PROVISIONS

 

7.1.
All communications and notices arising from this Agreement shall be made in writing and shall be delivered in person, sent by
registered letter, to the address specified in the qualification of the Parties, or any other address that the parties specify
by written notice.

 

7.2.
Any and all modifications, alterations or amendments to this Agreement shall only be valid if made by written instrument, signed
by the Parties.

 

7.3.
This Agreement binds the Parties and their respective authorized successors. Neither Party may assign this Agreement, in whole
or in part, without the prior written consent of the other Party.

 

7.4.
If any of the Parties fails to exercise any of their rights, such failure cannot be considered a waiver or novation and shall
not affect the subsequent exercise of such rights.

 

8. JURISDICTION.

 

8.1.
The Parties elect the jurisdiction of the Judicial District of São Paulo, State of São Paulo, to settle any doubts
and/or questions arising from this Agreement, waiving any other, however privileged it may be.

 

And, in
witness whereof, the Parties execute this instrument in two (2) counterparts of the same content and form, for one purpose, together
with the two (2) undersigned witnesses.

 

January 2,
2020.

 

    	 

    	 

    

Somos
Sistemas de Ensino S.A.

 

	(sgd)	(sgd)
	Mário
    Ghio Júnior	Clovis
    Poggetti Jr
	Undergraduate
    Academic Vice President	Financial
    Vice President
	Kroton
    Educacional	 

 

Editora
e Distribuidora Educacional S.A.

 

	(sgd)	(sgd)
	César
    Augusto Silva	Leonardo
    Augusto Leão Lara
	Controllership
    Director	General
    Counsel
	Identity
    Card (RG): [****]	Individual
        Taxpayers’ Register (CPF): [****]

         [****]

	Individual
Taxpayers’ Register (CPF): [****]

        [****]
	 

 

Saraiva
Educação S.A.

 

	(sgd)	(sgd)
	César
    Augusto Silva	Leonardo
    Augusto Leão Lara
	Controllership
    Director	General
    Counsel
	Identity
    Card (RG): [****]	(illegible)
	Individual
Taxpayers’ Register (CPF): [****]

        [****]
	 

 

Editora
Ática S.A.

 

	(sgd)	(sgd)
	César
    Augusto Silva	Leonardo
    Augusto Leão Lara
	Controllership
    Director	General
    Counsel
	Identity
    Card (RG): [****]	(illegible)
	Individual
Taxpayers’ Register (CPF): [****]

        [****]
	 

 

SGE
Comércio de Material Didático Ltda.

 

	(sgd)	(sgd)
	César
    Augusto Silva	Leonardo
    Augusto Leão Lara
	Controllership
    Director	General
    Counsel
	Identity
    Card (RG): [****]	(illegible)
	Individual
Taxpayers’ Register (CPF): [****]

        [****]
	 

 

Livraria
Livro Fácil Ltda.

 

	(sgd)	(sgd)
	Mário
    Ghio Júnior	Clovis
    Poggetti Jr
	Undergraduate
    Academic Vice President	Financial
    Vice President

 

    	 

    	 

    
	Kroton
    Educacional	 

 

Somos
Idiomas S.A.

 

	(sgd)	(sgd)
	César
    Augusto Silva	Leonardo
    Augusto Leão Lara
	Controllership
    Director	General
    Counsel
	Identity
    Card (RG): [****]	(illegible)
	Individual
Taxpayers’ Register (CPF): [****]

        [****]
	 

 

Maxiprint
Editora Ltda.

 

	(sgd)	(sgd)
	César
    Augusto Silva	Leonardo
    Augusto Leão Lara
	Controllership
    Director	General
    Counsel
	Identity
    Card (RG): [****]	(illegible)
	Individual
Taxpayers’ Register (CPF): [****]

        [****]
	 

 

Saber
Serviços Educacionais S.A.

 

	(sgd)	(sgd)
	César
    Augusto Silva	Leonardo
    Augusto Leão Lara
	Controllership
    Director	General
    Counsel
	Identity
    Card (RG): [****]	(illegible)
	Individual
Taxpayers’ Register (CPF): [****]

        [****]
	 

 

Saraiva
Soluções Educacionais S.A.

 

	(sgd)	(sgd)
	César
    Augusto Silva	Leonardo
    Augusto Leão Lara
	Controllership
    Director	General
    Counsel
	Identity
    Card (RG): [****]	(illegible)
	Individual
Taxpayers’ Register (CPF): [****]

        [****]
	 

 

Editora
Joaquim Ltda.

 

	(sgd)	(sgd)
	César
    Augusto Silva	Leonardo
    Augusto Leão Lara
	Controllership
    Director	General
    Counsel
	Identity
    Card (RG): [****]	(illegible)
	Individual
Taxpayers’ Register (CPF): [****]

        [****]
	 

 

Editora
Pigmento Ltda.

 

	(sgd)	(sgd)

 

    	 

    	 

    
	César
    Augusto Silva	Leonardo
    Augusto Leão Lara
	Controllership
    Director	General
    Counsel
	Identity
    Card (RG): [****]	(illegible)
	Individual
Taxpayers’ Register (CPF): [****]

        [****]
	 

 

Editora
Todas as Letras Ltda.

 

	(sgd)	(sgd)
	César
    Augusto Silva	Leonardo
    Augusto Leão Lara
	Controllership
    Director	General
    Counsel
	Identity
    Card (RG): [****]	(illegible)
	Individual
Taxpayers’ Register (CPF): [****]

        [****]
	 

 

SB Sistema
de Ensino e Editora Ltda.

 

	(sgd)	(sgd)
	César
    Augusto Silva	Leonardo
    Augusto Leão Lara
	Controllership
    Director	General
    Counsel
	Identity
    Card (RG): [****]	(illegible)
	Individual
        Taxpayers’ Register (CPF): [****]

        [****]
	 

 

Witnesses:

	1. (sgd)	2.
    (sgd)
	Name:
    Juliana P. I. G. Camargo	Name:
    Cleyton Pereira da Silva
	Identity
    Card (RG): [****]	Identity
    Card (RG): [****]
	Individual
        Taxpayers’ Register (CPF):

        [****]
	Individual
        Taxpayers’ Register (CPF):

        [****]

 

Pages
initialed.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00311-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00311-of-00352.parquet"}]]