Document:

Exhibit 4.36

 

Equity participation in Renova: summary of the Investment Agreement

 

On August 8, 2013 Cemig GT signed an Investment Agreement with Light Energia, RR Participações and Renova governing, among other matters, entry of Cemig GT into the controlling stockholding block of Renova, through subscription by Cemig GT of 87,186,035 new common shares to be issued by Renova.

 

The equity interest held by Cemig GT in Renova will be between 24.5% and 35.7% of the voting stock, representing between 20.2% and 27.4% of the total share capital, depending on the exercise of first refusal rights by existing stockholders.

 

Completion of the entry into the share capital of Renova, and actual transfer of shares, was made conditional upon certain conditions precedent, including consent of Renova’s creditors, consent from Aneel, and approval of the transaction by the Brazilian Monopolies Authority (Conselho Administrativo de Defesa Econômica, or Cade).

 

On February 20, 2014, after compliance with the conditions precedent and in accordance with the Investment Agreement, the Board of Directors of Renova approved the amount of the capital increase to be subscribed by Cemig GT, in the amount of R$ 1.550 billion. Subscription and full payment for the shares in Renova is expected to take place by July 29, 2014.

 

Under the Investment Agreement, Cemig GT may participate in the equity of Renova either by itself, or by a special-purpose company in which Cemig GT has 50% of the common shares and an Equity Investment Fund (a ‘Fundo de Investimento em Participações’, or FIP) holds the remaining 50%. If the transaction is shared with an FIP, the interest of Cemig GT, and the value of the acquisition, will be reduced.Exhibit 4.37

 

Equity interest in Renova: summary of the Share Purchase Agreement

 

On June14, 2013 Cemig GT signed a share purchase agreement with Petrobras, for acquisition of 49% of the equity of Brasil PCH (‘the Brasil PCH Share Purchase Agreement’).

 

On August 8, 2013, Cemig GT signed an investment agreement with Renova Energia to establish, among other matters, the structuring of Chipley SP Participações S.A., owned 40% by Cemig GT, 59% by Renova Energia and 1% by Renovapar, and assignment to Chipley of the Brasil PCH Share Purchase Agreement.

 

As a result of the stockholder Jobelpa S.A., holder of 2% of the voting stock, exercising its joint sale (‘tag-along’) right, the equity holding purchased in the acquisition was 51% of the voting stock of Brasil PCH.

 

Completion of the acquisition, and actual transfer of shares, was made conditional upon certain conditions precedent, including consent of the creditors of Brasil PCH, consent from Aneel, and approval of the transaction by the Brazilian Monopolies Authority (Conselho Administrativo de Defesa Econômica, or Cade). Following compliance with the conditions precedent, the investment, in the amount of R$ 739.9 million, was made on February 14, 2014.Exhibit 4.38

 

Share purchase agreement between Cemig GT and Vale

 

On December 19, 2013 Cemig GT and Vale S.A. signed commercial and stockholding documents for creation of the company Aliança Geração de Energia S.A. (Aliança), to be a platform for consolidation of generation assets held by the parties in generation consortia, and investments in future electricity generation projects.

 

The two parties will subscribe their shares in Aliança in the form of their holdings in the following generation assets: Porto Estrela, Igarapava, Funil, Capim Branco I and II, Aimorés, and Candonga. With these assets the new company will have installed hydroelectric generating capacity in operation of 1,158 MW (652 average MW), among other generation projects. Vale will hold 55%, and Cemig GT 45%, of the total capital of this new company.

 

The interest of Cemig GT has been valued at R$ 2.030 billion. The association increases Cemig GT’s potential to generate new business and maximize profit, due to the combination of the two companies’ experiences in operational, financial and project management.

 

Cemig GT will also acquire, for approximately R$ 206 million, 49% of the future company Aliança Norte Energia Participações S.A., which will own the 9% interest owned by Vale in Norte Energia S.A. (the Belo Monte hydroelectric plant).

 

The acquisition price, corresponding to the capital injections made by Vale up to December 31, 2013, will be paid at sight on the closing date, adjusted by the IPCA inflation index. With the acquisition Cemig GT becomes the indirect holder of a further 4.41% of Norte Energia, representing an installed generation capacity of 495.39 MW (201 average MW).Exhibit 4.39

 

Madeira Energia S.A. – Share Purchase Agreement

 

Madeira Energia S.A. (‘Mesa’) is a special-purpose company formed to hold the concession for construction and operation of the Santo Antônio Hydroelectric Project, on the Madeira River, in the municipality of Porto Velho, in the state of Rondônia, in the North of Brazil, with installed generation capacity of 3,150.4 MW. Works on the project began in 2008. Cemig GT owns 10% of the equity of this company.

 

On March 11, 2014, the investment fund Fundo de Investimento em Participações Melbourne – ‘FIP Melbourne’, in which Cemig GT is a unit holder, represented by Banco Modal S.A., as purchaser, signed a share purchase agreement with Andrade Gutierrez Participações S.A. (‘AGP’) as vendor, for acquisition, subject to certain conditions being complied with, of 83% (eighty three per cent) of the total equity and 49% (forty nine  per cent) of the voting stock of SAAG Investimentos S.A. (“SAAG”). By the completion date of the transaction (“the Closing Date”), SAAG will own 12.4% (twelve point four per cent) of Madeira Energia S.A. (‘Mesa’).  The transaction was the subject of a decision by the Board of Directors of Cemig GT on March 6, 2014.

 

The acquisition will be structured through Equity Investment Funds (‘FIPs’), and other vehicles, in which Cemig GT will have minority stockholdings. Thus Cemig will not have more than 50% of the voting stock in any vehicle, and no more than 50% of the net asset value of any of the FIPs, thus preserving the private-sector nature of the structure.

 

The price of this acquisition will be R$ 835,384,911 (eight hundred thirty five million three hundred eighty four thousand nine hundred and eleven Reais), which will undergo monetary adjustment by the IPCA (Amplified National Consumer Price) Index from December 31, 2013 up to the Closing Date, augmented by any capital injections made by AGP into SAAG up to the Closing Date, less any dividends declared by SAAG to AGP up to the Closing date.

 

Conclusion of the transaction is subject to other conditions precedent, including approvals by the Brazilian monopolies authority (Conselho Administrativo de Defesa Econômica, or Cade) and the Brazilian electricity regulator, Aneel.Exhibit 4.41

 

Consent Letter

 

This CONSENT LETTER is made as of March 1, 2014 by and among:

 

1.                  Haiyan GONG, a citizen of China

 

2.                  Xu LIU, a citizen of China

 

3.                  Yongqiang QIAN, a citizen of China

 

4.                  Cheng LI, a citizen of China

 

5.                  Fuping YU, a citizen of China

 

6.                  Qingjun ZHU, a citizen of China

 

7.                  Beijing Huaqianshu Information Technology Co., Ltd.

Registered address: Room 3035, No.3 Zhangzhen Industry Park Road, Shunyi District, Beijing

 

8.                  Beijing Shiji Xique Information Technology Co., Ltd.

Registered address: Room 3034, No.3 Zhangzhen Industry Park Road, Shunyi District, Beijing

 

9.                  Shanghai Huaqianshu Information Technology Co., Ltd.

Registered address: Room 202, No.970 Dalian Road, Yangpu District, Shanghai

 

10.           Shanghai Shiji Jiayuan Matchmaking Service Center

Address: Rooms 201, 202 & 203, 9# Building, Lane 970, Dalian Road, Yangpu District

 

11.           Beijing Miyuan Information Technology Co., Ltd. (“Beijing Miyuan”)

Registered address: South of 04-00 & 01, 14F, No.35 Anding Road, Chaoyang District, Beijing

 

12.           Miyuan (Shanghai) Information Technology Co., Ltd. (“Shanghai Miyuan”)

Registered address: Room 116, 129# Building, No.5 Fengcheng Road, Yangpu District, Shanghai

 

(Collectively referred to as the “Parties” and individually referred to as a “Party”)

 

The Parties hereby agree and acknowledge: Shanghai Miyuan transfers all its rights and obligations under the agreements as listed in Exhibit I (“Original Agreements”) to Beijing Miyuan and Beijing Miyuan and the counterparties to the Original Agreements make 

 

 

amendments and restatements to the Original Agreements; such amended and restated agreements, once executed, supersede and replace any and all prior agreements or other legal documents entered into by and among the Parties.

 

[Remainder of this page is intentionally left blank]

 

 

	
[Signature page]
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Haiyan GONG
    	
 
    	
Xu LIU
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Haiyan Gong
    	
 
    	
Signature:
    	
/s/ Xu Liu
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Yongqiang QIAN
    	
 
    	
Qingjun ZHU
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Yongqiang Qian
    	
 
    	
Signature:
    	
/s/ Qingjun Zhu
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Cheng LI
    	
 
    	
Fuping YU
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Cheng Li
    	
 
    	
Signature:
    	
/s/   Fuping Yu
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Beijing Huaqianshu Information   Technology Co., Ltd.
   (Company seal) [Seal: Beijing Huaqianshu Information Technology Co., Ltd.]
    	
 
    	
Beijing Shiji Xique Information   Technology Co., Ltd.
   (Company seal) [Seal: Beijing Shiji Xique Information Technology Co., Ltd.]
    
	
 
    	
 
    	
 
    
	
Signature:
    	
 
    	
 
    	
Signature:
    	
 
    
	
Name:
    	
 
    	
Name:
    
	
Title: Authorized Representative
    	
 
    	
Title: Authorized Representative
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Shanghai Huaqianshu Information   Technology Co., Ltd.
   (Company seal) [Seal: Shanghai Huaqianshu Information Technology Co., Ltd.]
    	
 
    	
Shanghai Shiji Jiayuan Matchmaking   Service Center
   (Company seal) [Seal: Shanghai Shiji Jiayuan Matchmaking Service Center]
    
	
 
    	
 
    	
 
    
	
Signature:
    	
 
    	
 
    	
Signature:
    	
 
    
	
Name:
    	
 
    	
Name:
    
	
Title: Authorized Representative
    	
 
    	
Title: Authorized Representative
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Beijing Miyuan Information   Technology Co., Ltd.
   (Company seal) [Seal: Beijing Miyuan Information Technology Co., Ltd.]
    	
 
    	
Miyuan (Shanghai) Information   Technology Co., Ltd.
   (Company seal) [Seal: Miyuan (Shanghai) Information Technology Co., Ltd.]
    
	
 
    	
 
    	
 
    
	
Signature:
    	
 
    	
 
    	
Signature:
    	
 
    
	
Name:
    	
 
    	
Name:
    
	
Title: Authorized Representative
    	
 
    	
Title: Authorized Representative
    

 

 

Exhibit I

 

I. VIE Agreements for Beijing Huaqianshu Information Technology Co., Ltd.

 

	
No.
    	
 
    	
Contract name
    	
 
    	
Parties
    	
 
    	
Execution
   date
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
1
    	
 
    	
Exclusive Technology License and Services Agreement
    	
 
    	
Beijing Huaqianshu Information Technology   Co., Ltd., Beijing Miyuan Information Technology Co., Ltd.
    	
 
    	
February 17, 2011
    
	
2
    	
 
    	
Exclusive Purchase Option Agreement
    	
 
    	
Beijing Huaqianshu Information Technology   Co., Ltd., Beijing Miyuan Information Technology Co., Ltd., Haiyan   GONG, Xu LIU, Yongqiang QIAN, Cheng LI, Fuping YU, Qingjun ZHU
    	
 
    	
February 17, 2011
    
	
3
    	
 
    	
Shareholders’ Voting Rights Entrustment Agreement
    	
 
    	
Beijing Huaqianshu Information Technology   Co., Ltd., Beijing Miyuan Information Technology Co., Ltd., Haiyan   GONG, Xu LIU, Yongqiang QIAN, Cheng LI, Fuping YU, Qingjun ZHU
    	
 
    	
February 17, 2011
    
	
4
    	
 
    	
Equity Pledge Agreement
    	
 
    	
Beijing Huaqianshu Information Technology   Co., Ltd., Beijing Miyuan Information Technology Co., Ltd., Haiyan   GONG, Xu LIU, Yongqiang QIAN, Cheng LI, Fuping YU, Qingjun ZHU
    	
 
    	
February 17, 2011
    
	
5
    	
 
    	
Loan Agreement
    	
 
    	
Haiyan GONG, Yu ZHANG, Beijing Miyuan Information   Technology Co., Ltd.
    	
 
    	
February 17, 2011
    
	
6
    	
 
    	
Contract Transfer Agreement
    	
 
    	
Miyuan (Shanghai) Information Technology   Co., Ltd., Beijing Miyuan Information Technology Co., Ltd., Haiyan   GONG, Xu LIU, Yongqiang QIAN, Cheng LI, Fuping YU, Qingjun ZHU
    	
 
    	
April 5, 2011
    
	
7
    	
 
    	
Contract Transfer Agreement
    	
 
    	
Miyuan (Shanghai) Information Technology   Co., Ltd., Beijing Miyuan Information Technology Co., Ltd., Beijing   Huaqianshu Information Technology Co., Ltd., Haiyan GONG, Xu LIU,   Yongqiang QIAN, Cheng LI, Fuping YU, Qingjun ZHU
    	
 
    	
May 6, 2011
    

 

 

II. VIE Agreements for Beijing Shiji Xique Information Technology Co., Ltd.

 

	
No.
    	
 
    	
Contract name
    	
 
    	
Parties
    	
 
    	
Execution
   date
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
1
    	
 
    	
Exclusive Technology License and Services Agreement
    	
 
    	
Beijing Shiji Xique Information Technology   Co., Ltd., Beijing Miyuan Information Technology Co., Ltd.
    	
 
    	
February 17, 2011
    
	
2
    	
 
    	
Exclusive Purchase Option Agreement
    	
 
    	
Beijing Shiji Xique Information Technology   Co., Ltd., Beijing Miyuan Information Technology Co., Ltd., Haiyan   GONG, Xu LIU, Yongqiang QIAN, Cheng LI, Fuping YU, Qingjun ZHU
    	
 
    	
February 17, 2011
    
	
3
    	
 
    	
Shareholders’ Voting Rights Entrustment Agreement
    	
 
    	
Beijing Shiji Xique Information Technology   Co., Ltd., Beijing Miyuan Information Technology Co., Ltd., Haiyan   GONG, Xu LIU, Yongqiang QIAN, Cheng LI, Fuping YU, Qingjun ZHU
    	
 
    	
February 17, 2011
    
	
4
    	
 
    	
Equity Pledge Agreement
    	
 
    	
Beijing Shiji Xique Information Technology   Co., Ltd., Beijing Miyuan Information Technology Co., Ltd., Haiyan   GONG, Xu LIU, Yongqiang QIAN, Cheng LI, Fuping YU, Qingjun ZHU
    	
 
    	
February 17, 2011
    
	
5
    	
 
    	
Loan Agreement
    	
 
    	
Haiyan GONG, Yu ZHANG, Beijing Miyuan Information   Technology Co., Ltd.
    	
 
    	
February 17, 2011
    
	
6
    	
 
    	
Contract Transfer Agreement
    	
 
    	
Miyuan (Shanghai) Information Technology   Co., Ltd., Beijing Miyuan Information Technology Co., Ltd., Haiyan   GONG, Xu LIU, Yongqiang QIAN, Cheng LI, Fuping YU, Qingjun ZHU
    	
 
    	
April 5, 2011
    
	
7
    	
 
    	
Contract Transfer Agreement
    	
 
    	
Beijing Miyuan Information Technology   Co., Ltd., Miyuan (Shanghai) Information Technology Co., Ltd.,   Beijing Shiji Xique Information Technology Co., Ltd., Haiyan GONG, Xu   LIU, Yongqiang QIAN, Cheng LI, Fuping YU, Qingjun ZHU
    	
 
    	
May 6, 2011
    

 

 

III. VIE Agreements for Shanghai Huaqianshu Information Technology Co., Ltd.

 

	
No.
    	
 
    	
Contract name
    	
 
    	
Parties
    	
 
    	
Execution
   date
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
1
    	
 
    	
Restated Exclusive Technology License and Services   Agreement
    	
 
    	
Shanghai Huaqianshu Information Technology   Co., Ltd., Miyuan (Shanghai) Information Technology Co., Ltd.
    	
 
    	
January 25, 2011
    
	
2
    	
 
    	
Amended and Restated Exclusive Purchase Option   Agreement
    	
 
    	
Shanghai Huaqianshu Information Technology   Co., Ltd., Miyuan (Shanghai) Information Technology Co., Ltd.,   Haiyan GONG, Xu LIU, Yongqiang QIAN, Cheng LI, Fuping YU, Qingjun ZHU
    	
 
    	
January 25, 2011
    
	
3
    	
 
    	
Amended and Restated Shareholders’ Voting Rights   Entrustment Agreement
    	
 
    	
Shanghai Huaqianshu Information Technology   Co., Ltd., Miyuan (Shanghai) Information Technology Co., Ltd.,   Haiyan GONG, Xu LIU, Yongqiang QIAN, Cheng LI, Fuping YU, Qingjun ZHU
    	
 
    	
January 25, 2011
    
	
4
    	
 
    	
Amended and Restated Equity Pledge Agreement
    	
 
    	
Shanghai Huaqianshu Information Technology   Co., Ltd., Miyuan (Shanghai) Information Technology Co., Ltd.,   Haiyan GONG, Xu LIU, Yongqiang QIAN, Cheng LI, Fuping YU, Qingjun ZHU
    	
 
    	
January 25, 2011
    
	
5
    	
 
    	
Loan Agreement
    	
 
    	
Haiyan GONG, Miyuan (Shanghai) Information   Technology Co., Ltd.
    	
 
    	
July 10, 2007
    
	
6
    	
 
    	
Restated Loan Agreement
    	
 
    	
Haiyan GONG, Xu LIU, Miyuan (Shanghai) Information   Technology Co., Ltd.
    	
 
    	
January 25, 2011
    
	
7
    	
 
    	
Contract Transfer Agreement
    	
 
    	
Miyuan (Shanghai) Information Technology   Co., Ltd., Beijing Miyuan Information Technology Co., Ltd., Haiyan   GONG, Xu LIU, Yongqiang QIAN, Cheng LI, Fuping YU, Qingjun ZHU
    	
 
    	
April 5, 2011
    

 

 

IV. VIE Agreements for Shanghai Shiji Jiayuan Matchmaking Service Center

 

	
No.
    	
 
    	
Contract name
    	
 
    	
Parties
    	
 
    	
Execution
   date
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
1
    	
 
    	
Exclusive Technology License and Services Agreement
    	
 
    	
Shanghai Shiji Jiayuan Matchmaking Service Center,   Miyuan (Shanghai) Information Technology Co., Ltd.
    	
 
    	
January 25, 2011
    
	
2
    	
 
    	
Cooperative Operation Agreement
    	
 
    	
Shanghai Huaqianshu Information Technology   Co., Ltd., Shanghai Shiji Jiayuan Matchmaking Service Center, Miyuan (Shanghai)   Information Technology Co., Ltd.
    	
 
    	
January 25, 2011

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