Document:

ex1049.htm

Exhibit 10.49

 

Itaú Unibanco S.A

 

Bank Credit Certificate

 

Initial Credit Agreement In Deposit Checking Account

 

(Cash Reserve - Pre-A)

 

Company name of the issuer

 

CIMCORP COM INT INF SA

 

qualified in the proposal for opening of the deposit checking account indicated in sub-item 1.9, designated as Customer.

 

1.           Data of this Certificate

 

1.1.           Issuance Date

10/05/2011

 

1.2.           Contract Account

Branch 0393

Account 

DAC

2

Category

116-4

 

1.3.           Credit Limit 1,000,000

 

1.4.           Maturity of this Certificate

AT SIGHT

 

1.5.           Maturity of the Credit

11/03/2011

 

1.6. Credit Opening Commission

0.00% of the credit limit

 

  

1

  

 

1.7. Interest Rate

 

1.7.1. Per month (30 days)

2.050%

 

1.7.2. Per year (360 days)

27.57%

 

1.7.3. Periodicity of the Capitalization

MONTHLY

 

1.8. Charges Payment Day

every day: o 4

 

1.9. Deposit Checking Account

Branch

0393

Account

 

DAC

5

 

1.10. Guarantee

1.10.1. Code (internal use of the Bank) 800

1.10.2. Percentage 100

 

1.11. Place of Issuance 1.BARUERI, SP

 

1.12. Place of Payment BARUERI,SP

On the submission date, which may be performed within the term of twenty (20) years, we shall pay for this Bank Credit Certificate, to Banco Itaú S.A., with its head office on Praça Alfredo Egydio de Souza Aranha, n. 100 - Torre (Itaúsa, São Paulo, SP, CNPJ no. xxx, designated as Itaubanco, the cash debt, certain, net and payable, corresponds to the total value used of the open credit (sub-item 1.3.), plus the charges provided for in this Certificate, as described in the previous items 5 e 6.

On the charges payment day (sub-item 1.8) and on the credit maturity (sub-item 1.5) we shall pay to Itaubanco the charges and values used of the credit, under the terms of items 5 and 6

 

  

2

  

 

2.           Previous Information

 

2.1          Late payment surcharge – is the charge collected in case of delay in payment.

2.2          Calculation period – is the time period between two consecutive payment dates, with the first calculation period being that comprised from the date when the Credit Limit is made available to the Customer to the first day of payment.

2.3.         Information on the charges – The charges set forth in this Certificate will be, after being assessed, informed to the Customer, on his/her deposit checking account statement.

 

3.           Object - Itaubanco will grant us the revolving credit in the deposit checking account (sub-item 1.9), under the limit specified in sub-item 1.3, provided that the guarantees set forth in item "Guarantee" of this Certificate are constituted.

 

4. Credit use – The open credit will be used once or in installments, upon transfer requests of values from the contract account (sub-item 1.2) for the deposit checking account (sub-item 1.9), which Itaubanco shall meet provided that the following is observed.

4.1.            We shall request contract accounts transfers to the deposit checking account at the branches or through the convenience services of Itaubanco, if contracted with Itaubanco.

4.2            The existence of balance uncovered in the deposit checking account (sub-item 1.9) shall configure the credit use request in the value of this balance, which Itaubanco will meet respecting the credit limit available and the provisions in item "Guarantee", transferring the corresponding value from the contract account to the deposit checking account.

4.3          The transfer performed by Itaubanco shall characterizer our credit use.

4.4          The outstanding balance of the contract account corresponds every time to the total values used until then.

4.5          REGARDLESS OF THE VALUE OF THE CREDIT LIMIT, ITS USE WILL BE ALWAYS CONDITIONED TO THE CONSTITUTION AND MAINTENANCE OF THE GUARANTIES UNDER THE TERMS OF ITEM "GUARANTEE" OF THIS CERTIFICATE.

4.5.1. Itaubanco shall only meet the credit use requests which are covered by the contracted guarantees.

4.6          THE CONTRACT ACCOUNT, DEPOSIT CHECKING ACCOUNT STATEMENTS, AND THE CALCULATION SPREADSHEET ARE PART OF THIS CERTIFICATE, AND THE VALUES CONTAINED THEREIN, IF ASSESSED ACCORDING TO THIS CERTIFICATE, ARE NET, CERTAIN AND DETERMINED.

4.6.1. IF WE DO NOT AGREE WITH THE VALUES OF ANY STATEMENT OR CALCULATION SPREADSHEET, WE SHALL COMMUNICATE THIS FACT TO ITAUBANCO, IN WRITING. IF WE DO NOT COMPLAIN AFTER FIVE (05) DAYS HAVE ELAPSED, AFTER THE EXPIRATION OF THE TERM OF THIS CERTIFICATE, THE STATEMENTS AND CALCULATION SPREADSHEET WILL CONSTITUTE DOCUMENTARY EVIDENCE OF THE USE, CERTAINTY AND LIQUIDITY OF THE CREDIT.

4.7 Itaubanco will make it available to us, on a monthly basis, the calculation spreadsheet, in which it shall evidence, for each day of the period considered:

 

a)     the credit limit;

b)     number of business and calendar days of the period;

c)     daily outstanding balance;

d)     the total outstanding balance of the period;

e)     average outstanding balance in the calculation period;

f)     the applied interest rate in the calculation period;

g)    the total value of charges collected in the period;

h)    the credit opening commission, the credit maturity date and the charges payment day;

i)     the IOF rate and o total of this tax, calculated according to the legislation.

 

  

3

  

 

5. Charges and Payment – We shall pay to Itaubanco the following charges, and by the maturity date of the credit (sub-item 1.5), the total values used.

5.1             On a monthly basis, on the day indicated in sub-item 1.8 and on the maturity of the credit (sub-item 1.5), the interest capitalized at the rate of sub-item 1.7 and applied over an average of the values used in the calculation period.

5.1.1. The average of the values used will be the sum of the outstanding balances, assessed every business of the calculation period (sub-item 2.2), divided by the number of business days of that same period.

5.2             The credit opening commission, at the rate of sub-item 1.6 levied on the credit limit (sub-item 1.3), will be debited on this date and on the credit renewal dates (sub-item 1.5). 5.2.1. In case of an early maturity or early settlement of this certificate, Itaubanco will return to us the commission proportional to the period period ongoing.

5.3             ITAUBANCO MAY TRANSFER THE TAXES AND CHARGES VALUE TO US, WHICH MIGHT BE CREATED, AS WELL AS THE INCREASE OF THE CURRENT ONES, PAYABLE BY THE COMPETENT AUTHORITIES DUE TO THIS CERTIFICATE, AND SHALL INFORM US ON THE CHANGES BEFORE THE VALUE TO BE TRANSFERRED STARTS TO BE CHARGED.

5.4             The Financial Transaction Tax (IOF) will be debited as per the legislation in force.

 

6. Method of Payment – Payment to Itaubanco:

a)           the interest rates and other charges (credit opening commission, tariffs and levies), upon a debit which Itaubanco will make on the deposit checking account (sub-item 1.9);

b)           the values used, upon transfer which Itaubanco will make from the deposit checking account (sub-item 1.9) to the contract account (sub-item 1.2).

6.1.        The lack of balance available in the deposit checking account shall configure delay in payment.

6.1.1.     If the balance available in the deposit checking account is not sufficient, Itaubanco, at its discretion, may perform the transfer or debit generating an early payment to the depositor, under the terms of the deposit checking account opening contract of sub-item 1.9.

 

6.1.1.1. The deposit of values in the deposit checking account will first amortize the early payments to the depositor which do not originate in this certificate and, later, the early payments to the depositor originating from transfers and debits related to this certificate.

7.           Joint Debtors – The people finally appointed, designated as Joint Debtors, jointly and severally declare to be responsible for all obligations assumed by us and sign this certificate agreeing with the terms thereof.

8.          Guarantee – In order to guarantee the payment of any value related to this credit certificate, even arising out of an early payment to the depositor, Itaubanco may require an accommodation, provided in an attached document, which is part of this certificate.

8.1.           We will substitute the guarantee in case of loss, or will reinforce it, in case of decrease or insufficiency of its value, even as a result of an increase in the credit limit.

 

9. Maturity and Credit Renewal – The open credit will be effective to the maturity date stipulated in sub-item 1.5. Itaubanco may renew the credit. Under this circumstance, until the date stipulated in sub-item 1.5, Itaubanco will place at our disposal, of the Joint Debtors and of the Guarantor, in the branch mentioned in sub-item 1.9, or in the self-service ATMs, information about the following conditions specified in this certificate, which shall continue to be governed also by the other clauses provided herein:

 

a)           Credit Limit

b)           Interest Rate

c)           The value of the credit opening commission

d)           The credit renewal date

e)           The maturity date

f)           The charge payment day

 

  

4

  

 

9.1              THE JOINT DEBTORS AND/OR GUARANTOR (IF ANY) HEREBY AGREE WITH THE CREDIT RENEWAL UP TO THE VALUE INDICATED IN SUB-ITEM 1.3 OR UP TO THE VALUE OF FIFTY THOUSAND REAIS (R$ 50,000.00), WHICHEVER IS GREATER, AND THAT THE VALUES USED AFTER THE RENEWAL BE SUBJECT TO THE EQUIVALENT INTEREST RATE, IN THE MAXIMUM, THE GREATEST RATE INFORMED BY ITAUBANCO TO THE BRAZILIAN CENTRAL BANK, ON THE RENEWAL DATE, FOR AN OPERATION OF THIS KIND.

9.2             IF WE DO NOT WANT TO RENEW THE CREDIT, WE SHOULD NOTICE ITAUBANCO UPON FIVE (5) BUSINESS DAYS PRIOR NOTICE BEFORE MATURITY.

9.3             AT EACH CREDIT RENEWAL, THE CONTRACTUAL CONDITIONS OF ITEM 1 WILL BE CHANGED BY THE NEW DATA WHICH ITAUBANCO WILL INFORM US.

9.4             IF WE, THE JOINT DEBTORS OR THE GUARANTOR DO NOT AGREE WITH THE CONDITIONS INFORMED BY ITAUBANCO FOR THE CREDIT RENEWAL, WE SHOULD COMMUNICATE DISSENT TO ITAUBANCO UP TO FIVE (5) DAYS BEFORE THE MATURITY DATE (SUB-ITEM 1.5) AND, IMMEDIATELY, SETTLE THE OUTSTANDING BALANCE, CALCULATED AS PER THE CONDITIONS PREVIOUSLY IN FORCE, THUS CLOSING THE CREDIT OPERATION.

9.4.1. THE CREDIT USE AFTER FIVE (5) DAYS OF THE MATURITY DATE (SUB-ITEM 1.5), WILL MEAN OUR AGREEMENT, AND THAT OF THE JOINT DEBTORS AND GUARANTOR WITH THE CREDIT RENEWAL CONDITIONS.

 

10. Delay in Payment and Penalty – In case of delay in payment or early maturity, we shall pay interest in arrears of twelve percent (12%) per year plus a late payment surcharge calculated at the market rate of the payment day.

10.1 .The market rate will be the higher rate effectively practiced by Itaubanco with a legal person in contracting of an operation of the same kind, informed to the Brazilian Central Bank.

10.2. In case of a legal process, instead of the late payment surcharge, we authorize Itaubanco to choose for charging for monetary correction based on the IGP-M (General Market Price Index) variation, or, in its absence, on the IGP-DI (General Price Index - Domestic Availability), both published by FGV - Fundação Getúlio Vargas, or in the absence of those, on the CPI (Consumer Price Index), published by FIPE - Fundação Instituto de Pesquisas Econômicas of USP (University of São Paulo).

 

10.3                We will also pay, both in the case of judicial and extra-judicial collection, a penalty of two percent (2%) and the collection charges, including attorney’s fees and costs. In case we should charge from Itaubanco any amount in arrears, Itaubanco shall pay also for the collection charges, including including attorney’s fees and costs and a penalty of two percent (2%).

10.4                IN CASE WE DO NOT COMPLY WITH ANY OF OUR OBLIGATIONS OR IN CASE EARLY MATURITY OCCURS, ITAUBANCO MAY:

10.4.1.                            USE, IN ORDER TO PAY FOR THE DEBIT COMPENSATION, VALUES WHICH WE OR THE JOINT DEBTORS KEEL AT ITAUBANCO AND FOR WHICH ITAUBANCO IS IN DEBT;

10.4.1.1. The value transferred or redeemed will be considered due on the transfer or redemption date.

10.4.2.                            RETAINING VALUES FOR WHICH WE OR THE JOINT DEBTORS ARE HOLDERS;

 

10.5.0 RECEIPT OF THE PRINCIPAL BY ITAUBANCO SHALL NOT MEAN SETTLEMENT OF THE CHARGES SET FORTH IN THIS CERTIFICATE.

 

11. Early Maturity- We authorize Itaubanco to consider this certificate as overdue in advance and the debt payment as payable:

11.1                  regardless of any notice, if we do not comply with any of our obligations, suffer a legitimate protest of bill, file for bankruptcy or have such a file against us, require judicial recovery, call creditors to propose or negotiate the extrajudicial recovery plan or require their approval; if we do not comply with any obligation assumed in other operations entered into with Itaubanco and/or any other company controlled directly or indirectly by Banco Itaú Unibanco Banco Múltiplo S.A.

11.2                  Upon notice that Itaubanco shall send to us at least fifteen (15) days in advance, if:

 

a)                        in the term mentioned in the notice, we fail to supersede the Joint Debtor and/or Guarantor who may be insolvent or in any of the situation of the previous sub-item anterior, or who disagrees with the credit renewal conditions or with any amendments to the conditions herein;

b)                        there is a measure or event affecting the guarantees or credit rights of Itaubanco;

c)                        there is noncompliance with the environmental protection legislation, or an event indicating a potential or real environmental damage;

d)                        we perform any other modality of private agreement with the creditor(s) indicating our economical and financial crisis situation or pre-bankruptcy state;

 

  

5

  

 

12. Corporate Restructuring – We will promptly communicate to Itaubanco about any corporate restructuring process (spin-off, merger, incorporation, etc.), change of our main business activity or change in control, either direct or indirect, which we or our controller, either direct or indirect, are involved in.

12.1 After any of the events provided in the "caput" of this item has occurred, Itaubanco may considerer this certificate as overdue in advance, and the prompt payment of the total debt as and payable.

12.2. We promise that our controller, direct or indirect, is aware of the contents of this item and that will comply with the provisions therein.

 

13. Contracting Fee – We shall pay to Itaubanco for this operation and credit renewals processing the rate provided in the Table of Rates, posted in the branches, in force in this date and in the credit renewal dates.

 

14. Disclosure of Delay in Payment – In case there is noncompliance with any of our obligations, or delay in payment, Itaubanco will communicate the fact to SERASA, SPC (Credit Protection Service), as well as any other body in charge of recording delay in payment and breach of contractual obligation.

 

15. Credit Information System (SCR)- We authorize Itaubanco and the companies under direct or indirect control of Itaú Unibanco Banco Múltiplo S.A., at any time, even after this operation is extinguished, to:

 

e)             provide the Brazilian Central Bank (BACEN), so as to integrate the SCR, with information about the amount of our debts to become due and payable, also those in delay and the operations written-off as losses, as well as the value of the joint obligations assumed by us and of the guarantees provided by us, and

f)             check in the SCR eventual information about us existing there.

15.1          The purpose of the SCR is providing BACEN with the information about credit operations for credit risk supervision and exchange of information between the financial institutions.

10.4.3.                             We are aware that checking the SCR depends on out previous authorization, and I declare that the occasional previous consultation, for the purposes of this contracting, was authorized by us, even though verbally.

10.4.4.                             We may have access, at any time, to the SCR data by the means made available to us by BACEN and, in case of divergence in the SCR data provided by Itaubanco or a company under direct or indirect control of Itaú Unibanco Banco Múltiplo S.A., as for its correction, exclusion or record of a supplementary annotation, including for judicial measures, upon substantiated written request to Itaubanco.

 

16.        Environmental Responsibility – We declare to respect the environmental legislation and that using the values subject matter herein shall not imply violation of any of its provisions.

16.1      We commit to obtain all documents (opinions, studies, reports, licenses, etc.) foreseen in the environmental protection standards, certifying compliance thereto, and to promptly inform Itaubanco on the existence of an unfavorable manifestation by any authority.

16.2                 We will deliver a certified copy of all documents mentioned in the previous sub-item, informing immediately on the verification of any irregularity or event which may lead the competent entities to consider violation of the environmental protection standards or obligation to indemnify any environmental damage.

16.3                 Regardless of fault, we shall reimburse Itaubanco for any amount which it is compelled to pay because of an environmental damage which, otherwise, the authority sees as related to this Certificate, as well as we shall reimburse Itaubanco for any loss or damage, including to its image, which it might experience as a result of environmental damage.

 

17.        Tolerance – Tolerance of one of the parties as to noncompliance with any obligation by the other party shall not mean a waiver to the right of demanding compliance with the obligation, neither forgiveness nor changes to what has been contracted herein.

18.        Effectiveness of Contracting – In case this Certificate has been signed by us outside Itaubanco’s branch, we declare that all of its terms correspond exactly to those originally contained in the electronic file or in the form which has been submitted to us. After signing it, we should send it to the Itaubanco’s branch, for taking the other measures aiming at the effectiveness of contracting. The financial conditions adjusted for this Certificate are valid only for the date indicated in sub-item 1.1.

 

19.        Expenses – If Itaubanco registers this Certificate in order to produce the effects to third parties, we will pay for all expenses arising out of it.

19.1. Itaubanco will inform us on the value of the expenses upon 5 days prior notice before the performance of the debit.

 

20.        Total Effective Cost ("CET") – We declare to be aware of the Total Effective Cost ("CET"), as define in sub-item 20.1, previously to contracting this operation, as well as the flows considered in the CET calculation, as per the calculation spreadsheet which has been delivered to us ("Spreadsheet").

20.1. For the purposes of this Certificate, Total Effective Cost ("CET") is understood as the total cost of this operation, expressed in the form of an annual percentage rate, indicated in the Spreadsheet. For the calculation of the CET, one should consider: (a) the credit limit value made available; (b) the operation term, estimated in thirty (30) days; and d) the compensatory interest rate, the value of taxes, of the bank fees and other expenses provided for in this Certificate.

 

  

6

  

 

20.2. The percentage of CET and the value of taxes have been calculated for the case of full use of the credit limit during an estimated period of thirty (30) days; if that does not occur, the CET percentage and value of taxes will be lower.

21.       Amicable Settlement of Disputes – For the amicable settlement of occasional disputes related to this Certificate, we may address our request or complaint to our Itaubanco branch. Itaubanco puts at our disposal the SAC - Itaú (0800 728 0728), SAC - Itaú exclusive for the hearing impaired (0800 722 1722) and “Fale Conosco” (Contact Us) (www.itau.com.br). If the dispute is not settled, we may resort to “Ouvidoria Corporativa Itaú” (Itaú’s Corporate Ombudsman) (0800 570 0011), on business days, from 9 am to 18 pm, Caixa Postal (P.O. box) 67.600, CEP 03162-971.

 

22.           Court – The parties elect the Court of the Judicial District of the place of issue of this Certificate, and the party carrying out the suit may choose for the Court of our domicile.

 

Place and retro date

 

DISCLAIMER

WE HAVE READ THIS CERTIFICATE PREVIOUSLY AND HAVE NO DOUBTS ON ANY OF THE CLAUSES HEREIN

 

Issuer

 

Joint Debtor

 

Joint debtors:

 

Name: cimcorp inC

CPF/CNPJ: 

Phone: (0011) 37593899

Address: AL MADEIRA, 258 – SL401/02

 BARUERI - SP

 

 

 

 

 

 

 

 

 

 

 

 

7ex1050.htm

Exhibit 10.50

 

 

	 	

Loans Bank Credit Note – Working Capital

	No. 4.231.432

 

 

We will pay for this Bank Credit Note, which with undersign, in Brazilian currency, to Banco Bradesco S.A., qualified below, hereinafter simply referred to as Creditor, or to whom it may designate, the net quantity, certain and demandable, mentioned in Table II – Characteristics of the Operation, at the location indicated, with the addition of the charges as set forth therein, with strict compliance with the expirations and other conditions set forth in Table IV - Conditions of the Operation, below

 

	
1 – Data of the Creditor

	
Name

Banco Bradesco S.A.

	
CNPJ [Corporate Taxpayer’s Registry]

 

	
Address – Seat

Cidade de Deus

	
City

Osasco

	
State

SP

	
2 – Data of Issuer

	
Name

CIMCORP COM. INTERNACIONAL E INF. S/A

	
CNPJ/MF

 

	
Address (Street/Av.)

AV. MORUMBI

	
Number

6901

	
Complement

	
District

MORUMBI

	
City

SÃO PAULO

	
State

SP-

	
Zip Code

05650-002

	
Code

 

	
Digit

 

	
Branch

AG. EMPRESAS LAPA

	
Current Account

 

	
Digit

 

	
3 – Data of Guarantors

	
3.1- Name

CIMCORP INC

	
CPF/CNPJ

	
ID No.

	
Profession

	
Civil Status

	
Nationality

	
Address (Street/Av.)

AV. MORUMBI

	
Number

6901

	
Complement

	
District

MORUMBI

	
City

SÃO PAULO

	
State

SP

	
Zip Code

05650-002

	
3.2 - Name

	
Zip code

 

	
CPF/CNPJ [Individual/Corporate Taxpayer’s Registry]

 

	
ID No.

 

	
Profession

	
Civil Status

	
Nationality

	
Address (Street/Av.)

 

	
Number

	
Complement

	
District

 

	
City

 

	
State

	
Zip Code

 

	
3.3 - Name

 

	
CPF/CNPJ

	  
	
ID Name

 

	
Profession

 

	
Civil Status

	
Nationality

	
Address (Street/Av.)

 

	
Number

	
Complement

	
District

 

	
City

 

	
State

	
Zip code

 

 

  

1

  

 

	 	

Loans Bank Credit Note – Working Capital

	No. 4.231.432

 

	
3.4 - Name

	
CPF/CNPJ

 

	
ID Number

 

	
Profession

 

	
Civil Status

	
Nationality

	
Address (Street/Av.)

 

	
Number

	
Complement

	
District

	
City

 

	
State

	
Zip code

	
3.5 - Name

	
CPF/CNPJ

 

	
ID Number

 

	
Profession

 

	
Civil Status

	
Nationality

	
Address (Street/Av.)

 

	
Number

	
Complement

	
District

	
City

 

	
State

	
Zip code

	
3.6 - Name

	
CPF/CNPJ

 

	
ID Number

 

	
Profession

 

	
Civil Status

	
Nationality

	
Address (Street/Av.)

 

	
Number

	
Complement

	
District

	
City

 

	
State

	
Zip code

	
3.7 - Name

	
CPF/CNPJ

 

	
ID Number

 

	
Profession

 

	
Civil Status

	
Nationality

	
Address (Street/Av.)

 

	
Number

	
Complement

	
District

	
City

 

	
State

	
Zip code

	
3.8 - Name

	
CPF/CNPJ

 

	
ID Number

 

	
Profession

 

	
Civil Status

	
Nationality

	
Address (Street/Av.)

 

	
Number

	
Complement

	
District

	
City

 

	
State

	
Zip code

 

 

  

2

  

 

	 	

Loans Bank Credit Note – Working Capital

	No. 4.231.432

 

4 – Data of the Third Parties \ Guarantors (Collaterals)

	
4.1 - Name

	
CPF/CNPJ

 

	
ID Number

 

	
Profession

 

	
Civil Status

	
Nationality

	
Address (Street/Av.)

 

	
Number

	
Complement

	
District

	
City

 

	
State

	
Zip code

	
4.2 - Name

	
CPF/CNPJ

 

	
ID Number

 

	
Profession

 

	
Civil Status

	
Nationality

	
Address (Street/Av.)

 

	
Number

	
Complement

	
District

	
City

 

	
State

	
Zip code

	
4.3 - Name

	
CPF/CNPJ

 

	
ID Number

 

	
Profession

 

	
Civil Status

	
Nationality

	
Address (Street/Av.)

 

	
Number

	
Complement

	
District

	
City

 

	
State

	
Zip code

	
4.4 - Name

	
CPF/CNPJ

 

	
ID Number

 

	
Profession

 

	
Civil Status

	
Nationality

	
Address (Street/Av.)

 

	
Number

	
Complement

	
District

	
City

 

	
State

	
Zip code

	
4.5 - Name

	
CPF/CNPJ

 

	
ID Number

 

	
Profession

 

	
Civil Status

	
Nationality

	
Address (Street/Av.)

 

	
Number

	
Complement

	
District

	
City

 

	
State

	
Zip code

	
4.6 - Name

	
CPF/CNPJ

 

	
ID Number

 

	
Profession

 

	
Civil Status

	
Nationality

	
Address (Street/Av.)

 

	
Number

	
Complement

	
District

	
City

 

	
State

	
Zip code

 

 

  

3

  

 

	 	

Loans Bank Credit Note – Working Capital

	No. 4.231.432

 

	
4.7 - Name

	
CPF/CNPJ

 

	
ID Number

 

	
Profession

 

	
Civil Status

	
Nationality

	
Address (Street/Av.)

 

	
Number

	
Complement

	
District

	
City

 

	
State

	
Zip code

	
4.8 - Name

	
CPF/CNPJ

 

	
ID Number

 

	
Profession

 

	
Civil Status

	
Nationality

	
Address (Street/Av.)

 

	
Number

	
Complement

	
District

	
City

 

	
State

	
Zip code

 

	
Characteristics of the Operation

	
1

	
Value Released/Requested

12.000.000,00

	
2

	
Term of the Operation

48 MESES

	  	
Prefixed charges

	
3.1 – Effective Interest Rate

XX % per month

	
3.2 – Effective Interests Rate

XX % a.a.

	
4

	
Post-fixed charges

	
4.1 – Readjustment Parameter

CDI

	
4.2 – Parameter percentage

100%

	
4.3 – Fluctuation Percentage

DAILY

	
4.4 – Interests Rate

0.55 % per month

	
4.5 – Interests Rate

6.80 % a.a.

	
Issuer declares option to the system of:

[ ] Pre-fixation

[X] Post-fixation

	
5

	
Capitalization Frequency

Daily

	
6

	
Value of the IOF [Tax on Financial Operations]

208,114.89

	
7

	
Value of the rates

200.00

	
8

	
Quantity of Installments

48

	
9

	
Value of the installments - R$

	
10

	
Payment frequency of the Installments

MONTHLY

	
11

	
Arrears Charges

See Clause 4 of the Table IV

	
12

	
Expiration of the First Installment

December 29, 2010

	
13

	
Expiration of the last installment

November 28, 2014

	
14

	
Payment Site

SÃO PAULO

 

 

  

4

  

 

	 	

Loans Bank Credit Note – Working Capital

	No. 4.231.432

 

 

15 – Payment of the financed value

	
No.

	
Expiration Date

	
Value

	
No.

	
Expiration Date

	
Value

	
No.

	
Expiration Date

	
Value

	  
	
1

	
12/29/2010

	
254.335.72

	
2

	
31/01/2011

	
254,335.72

	
3

	
01/03/2011

	
254,335.72

	  
	
4

	
03/29/2011

	
254,335.72

	
5

	
04/29/2011

	
254,335.72

	
6

	
05/30/2011

	
254,335.72

	  
	
7

	
06/29/2011

	
254,335.72

	
8

	
07/29/2011

	
254,335.72

	
9

	
08/29/2011

	
254,335.72

	  
	
10

	
09/29/2011

	
254,335.72

	
U

	
10/31/2011

	
254,335.72

	
12

	
11/29/2011

	
254,335.72

	  
	
13

	
12/29/2011

	
254,335.72

	
14

	
01/30/2012

	
254,335.72

	
15

	
02/29/2012

	
254,335.72

	  
	
16

	
03/29/2012

	
254,335.72

	
17

	
04/30/2012

	
254,335.72

	
18

	
05/29/2012

	
254,335.72

	  
	
19

	
06/29/2012

	
254,335.72

	
20

	
07/30/2012

	
254,335.72

	
21

	
08/29/2012

	
254,335.72

	  
	
22

	
10/01/2012

	
254,335.72

	
23

	
10/29/2012

	
254,335.72

	
24

	
11/29/2012

	
254,335.72

	  
	
25

	
12/31/2012

	
254,335.72

	
26

	
01/29/2013

	
254,335.72

	
27

	
03/01/2013

	
254,335.72

	  
	
28

	
04/01/2013

	
254,335.72

	
29

	
04/29/2013

	
254,335.72

	
30

	
05/29/2013

	
254,335.72

	  
	
31

	
07/01/2013

	
254.335.72

	
32

	
07/29/2013

	
254,335.72

	
33

	
08/29/2013

	
254,335.72

	  
	
34

	
09/30/2013

	
254,335.72

	
35

	
10/29/2013

	
254,335.72

	
36

	
11/29/2013

	
254,335.72

	  
	
37

	
12/30/2013

	
254,335.72

	
38

	
01/29/2014

	
254,335.72

	
39

	
03/05/2014,

	
254,335.72

	  
	
40

	
03/31/2014

	
254,335.72

	
41

	
04/29/2014

	
254,335.72

	
•42,

	
05/29/2014

	
254,335.72

	  
	
43

	
06/30/2014

	
254,335.72

	
44

	
07/29/2014

	
254,335.72

	
45

	
08/29/2014

	
254,335.72

	  
	
46

	
09/29/2014

	
254,335.72

	
47

	
10/29/2014

	
254,335.72

	
48

	
11/28/2014

	
254,336.05

	  
	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  
	
16

	
Collaterals (Description)

156% FIDUCIARY SALE OF RECEIVABLES OF THE COMPANY SEPLAG RELATED TO THE INFRASTRUCTURE SERVICES AGREEMENT FOR HIGH PERFORMANCE LOCAL IP TELEPHONE AND DATA NETWORK TO CAMG – ADMINISTRATIVE CITY OF MINAS GERAIS – SIMPLE DOMICILE – CREDITED TO THE BRANCH 3394 CURRENT ACCOUNT: 1373-0.

100% GUARANTEE

	  
	
16.1

	
Value of the collaterals 18,720,000.00

	
16.2

	
Trustee

 

	
16.3

	
CPF/MF

 

	
16.4

	
Location where the goods object of the guarantee are found

	  	  	  	  
	
16.5

	
Percentage of the collaterals with respect to the principal

156%

	
16.6

	
Bound Account (Branch and Number)

Branch 3394 Current account: 1.373-0r

	
16.7

	
CND [Clearance Certificate] from the INSS [National Institute of Social Security] No.

 

	
Valid through

	
16.8

	
CQTF [Federal Taxes Payment Certificate] No.

	
Valid through

	
III – Other Data of this Note

	  	  	  	
- .

	  	  	  	  	  
	
1

	
Number of Copies

3

	
2

	
Place and Date of Issuance:

SÃO PAULO, November 29, 2010.

 

 

  

5

  

 

	 	

Loans Bank Credit Note – Working Capital

	No. 4.231.432

 

 

IV - Conditions of the Operation

1 – Release of the Credit and Amortization

1.1 – The value mentioned in Table II-1 deducted from the expenses set forth in Tables II-6 and II-7, was entered at credit to the Current Account of the Issuer, set forth in Table 1-2.

1.2 - Issuer undertakes to pay the amount set forth in Table II-1 in the quantity of installments set forth on Quadra II-8.

1.2.1 – If Issuer opted for the system of pre-fixation of compensatory charges, pursuant to Table II-3, the value of each of the installments shall be the one set forth in Table II-9, expiring the first installment on the date set forth in Table II-12 and the others always on the same day of the following months or according to the values and expirations set forth in Table II-15.

 

1.2.2 – If Issuer’s option is for the system of post-fixation of compensatory charges, pursuant to Table II-4, the value of each of the installments shall be assessed on the dates of the respective expirations pursuant to clause 2.2 below, expiring the first installment on the date set forth in Table 11-12 and the others whenever on the same day of the following months or according to the values and expirations set forth in Table II-15, with the addition of the parameter set forth in Table II -4.1.

 

1.3 – In the case of operations with prefixed rate, Issuer may settle, in whole or in part, the credit operation, event in which, to micro-companies and small-sized companies, the calculation of the value present on the installments object of the settlement will observe the following discount rates:

 

1.3.1 – Agreement with a remaining term of up to 12 months: the discount rate shall be equal to the interests rate agreed herein;

 

1.3.2- Agreement with a remaining term superior to 12 months:

1.3.2.1 – If there is the total or partial liquidation requested within the term of up to seven (7) days as of the execution of the agreement, the discount rate shall be equal to the interests rate agreed herein;

 

1.3.2.2 – In the event of the payment, in whole or in part, after the lapse of the term set forth in item 1.3.2.1, the discount rate shall be equivalent to the difference between the interests rate agreed herein and the Selic rate assessed on the date of the contract, adding to this difference the Selic rate in force on the date of the request of the advanced payment.

 

Sole Paragraph – In the events in which the expenses associated to the contracts carried out by means of this instrument were also the object of financing, which shall also integrate the credit operation contracted for the assessment of the current value.

 

  

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Loans Bank Credit Note – Working Capital

	No. 4.231.432

 

 

2 – Compensatory Charges

 

2.1 – If the Issuer opted for the for the system of pre-fixation of compensatory charges, the value of each of the installments was calculated based on the interests rates set forth in Tables II-3.1 and II-3.2, that were applied in a capitalized manner (charge of interests over the capital with the addition of the accumulated interests in the previous period), in the frequency established in Table II-5, based on the business year with 360 days.

 

2.2 – If the Issuer opted for the system of post-fixation of compensatory charges, it is agreed that the value of each of the installments shall be assessed on the dates of the respective expirations, including if charged on holydays, based on the parameter set forth in Table II-4.1, in the frequency set forth in Table II 4.3, with the addition of the interests to the rates set forth in Tables II-4.4 and II-4.5, based on the business year with 360 days. The interests set forth in the Tables II-4.4 and II-4.5 shall be capitalized (collection of interests over capital with the addition of the accumulated interests in the previous period) in the frequency set forth in Table II.5.

 

2.2.1 – If the percentage set forth in Table II-4.2 is superior to one hundred per cent (100%) of the parameter set forth in Table II-4.1, the collection of the compensatory charges shall be limited to the rate resulting from the application of this percentage over the parameter indicated, in the frequency set forth in Table II.4.3, to be charged over the value of each installment.

 

2.3 - Issuer declares, for all legal purposes, to be clearly aware that Creditor made available, to freely exercise the option, the systems of pre and post-fixation of compensatory charges. Therefore, acknowledges that, when doing so, considered as present determined advantages that were provided in the option selected. Thus, regardless of the fact that may hinder the application of the post-fixed rate contracted, Creditor is hereby instructed to apply the minimum compensatory interests rate practiced in the loan operations/ Working capital type, defined in Operational Circular intern and made available at the Creditor’s Branches, which shall be charged over the amount loaned, throughout the period in which the obstacle/hindrance remains that hinders the application of said parameter, which rate the Issuer, the Guarantor(s) and the Guarantor Third Party(ies) hereby agree to its application.

 

3- Expenses

 

3.1 – In addition to the compensatory charges set forth in Tables II-3 or II-4, Issuer, pursuant to the Legislation in force, may pay, at sight or in installments, the value of the IOF (Tax on Financial Operations) set forth in Table II-6 and, when owed, of the fees set forth in Table II-7, based on the Released / Requested value in Table II-1.

 

3-2 – In the event of amendment to this Note, Issuer shall pay, by amendment, the Amendment Fee set forth in the Table of Creditor’s Fees according to the value in force at the time of the respective amendment.

 

4 – Arrears Charges:

 

4.1 – The default by Issuer shall result in the default with the debt, regardless of judicial or extrajudicial notice and, in this case, the charges of the debt shall be demandable as follows:

 

a) Compensatory charges calculated up to the expiration date, as determined in clauses 2 and followings of this Note;

 

b) Arrears charges, for the period lapsing from the date of the default or arrears up to the effective payment of the debt, to be comprised as follows;

 

b.l) for as long as the default lasts, the compensatory rate set forth in this Note shall be replaced by the Compensatory Rate - Operations in Delay, in force at the time, published at Creditor’s website at www.bradesco.com.br and on the Table of Fees affixed to Creditor’s branches;

 

b.2) arrears interests of one per cent (1%) per month, or fraction, charged over the principal with the addition of the charges set forth in the previous items;

 

b.3) fine of two per cent (2%) over the total owed and;

 

b.4) expenses with collection, save for the same right on behalf of the Issuer, including extrajudicial attorney’s fees of ten per cent (10%) over the value of the debt balance.

 

Sole Paragraph: In the event of arrears or default, Creditor may enforce the guarantees granted.

 

  

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Loans Bank Credit Note – Working Capital

	No. 4.231.432

 

5- Direct Debit

 

b) - Creditor is instructed, irrevocably and unconditionally, to debit from the current Account set forth in Table I-2, held by the Issuer, the values related to the installments owed for this operation, with the addition of the respective charges, including to debit the values resultant from the arrears, IOF, fees and other expenses set forth herein or in the Table of Fees attached to Creditor’s Branches, when required.

 

b) - Issuer undertakes to keep, in said Current Account, balances available to bear with the debits hereby authorized. In the event there is no sufficient balance in said account to settle all expenses set forth in this clause, Creditor is, pursuant to article 368 and followings of the Brazilian Civil Code, instructed irrevocably and unconditionally, both by Issuer as well as by its Guarantor(s), to debit the respective values in any other deposit or investment account, held by them with Creditor.

 

6- Guarantees

 

b) – Are included in this Note the people set forth in Table 1-3 as guarantor(s) of Issuer, being jointly and fully liable with it for all obligations assumed herein, consenting, further, expressly, with what is agreed herein.

 

b) – Without prejudice to personal guarantee set forth in the previous item and for a better guarantee of the obligations set forth in this Note, are constituted, further, herein, by Issuer for the Third Party(ies) Guarantor(s), the collaterals set forth in Table 11-16, applying, when applicable, the provisions related thereto, set forth in the following items:

 

I – Pledge of Credit Deeds – It is provided, in revolving system, pursuant to the procedures set forth in letters "d", "e" and "f" below, binding the Issuer and/or the Third Party(ies) Guarantor(s), hereby, to deliver to Creditor trade notes of its respective issuances, all payable endorsed on behalf of Creditor, resultant from credit sales, payable in any place where Creditor holds a Branch, for the lump sum set forth in Table II-16.1.

 

a) Creditor may, at its option, accept or not trade notes offered in pledge, whether in function of registration criteria, of term, or of any others, at its exclusive option;

 

b) Creditor is instructed to debit from the Current Account of Issuer the collection fee per deed, which is found on the Table of Fees attached to Creditor’s Branches;

 

c) Issuer and/or the Third Party(ies) Guarantor(s) deliver to Creditor, hereby, the initial lot of trade notes, that are listed in a voucher duly signed. The other deeds shall be delivered at all times accompanied by vouchers, which shall be signed, without prejudice to the other provisions set forth in this clause. The vouchers are considered attached to this Note for all legal purposes.

 

d) To the extent in which the trade notes become payable and duly paid, the respective credits, pledged herein shall be accounted for on the account bound set forth in Table II-16.6, held by Issuer and/or other Third Party(ies) Guarantor(s) kept with Creditor.

 

e) Issuer and/or Third Party(ies) Guarantor(s) shall replace any trade notes expired or payable, unpaid or not considered of certain liquidation at the option of Creditor;

 

f) Replacement means the delivery of new trade notes in pledge.

 

g) Issuer and/or the Third Party(ies) Guarantor(s) undertake to inform the respective drawees of the endorsement on behalf of Creditor, informing them that the trade notes shall only be paid to it, Creditor, or to its agent. It is, thus, established that in no event Issuer and/or the Third Party(ies) Guarantor(s) may receive the values arising out of the trade notes pledged directly from the drawees.

 

h) Up to the full settlement of Issuer’s debt, Creditor will exercise upon the trade notes pledged to it all rights set forth in the legislation in force, with special powers to transact, take them to protest, promote the judicial collection to whom is entitled to it, enforce or dispose for the price considered fit by it, conveying the same by endorsement, assignment or as it thinks fit, with broad powers to sign any terms required to the performance of the aforementioned transfer, receive and provide settlement, Issuer bearing with all expenses resultant from the exercise of such rights.

 

i) Creditor, at its exclusive option, may transfer the resources arising out of the liquidation of the deeds pledged, credited to the bound account, set forth in Table II-16.6, to the Current Account set forth in Table 1-2, whenever Issuer is up to date with respect to its obligations, keeping in pledge the percentage set forth in Table II-16.5. Without prejudice thereto, Creditor may, further, transfer and apply the resources arising out of the payment of the credit deeds pledged, credited to the bound account set forth in Table II- 16.6, for the purposes of partial or total amortization of the debt balance of the operation represented by this Note. It is, hereby, established that while pending any liability of Issuer before Creditor, as a result of this Note, even if not yet payable, Creditor may withhold all credits paid to the account set forth in Table II-16.6, including for compensation purposes.

 

  

8

  

 

	 	

Loans Bank Credit Note – Working Capital

	No. 4.231.432

 

 

j) When related to pledge of cheques safeguarded by Creditor, the deeds pledged shall be described and characterized in an attached list, to be considered an integral part to this Note for all legal purposes.

 

k) The cheques pledged shall be kept under Custody with Creditor throughout the term of this Note.

 

1) It shall be applicable the provisions set forth above, provided that compatible, into other kinds of credit deeds, offered in pledge by Issuer or by the Third Party(ies) Guarantor(s) to Creditor.

 

II - Pledge of Credit Rights- Issuer and/or the Third Party(ies) Guarantor(s) grant to Creditor, in pledge, the credit rights over which they are the holders or will be holders represented by: (I) trade notes in writing, issued by them in face of third parties, resulting from credit sales, payable in locations where Creditor has Branches; and/or (II) credit rights, present, future, resultant from services and/or supply agreements/contracts and/or (III) credit rights represented by Payment Orders ("ORPAG'S"). The objects of this guarantee or of the documents of origin, if the case may be, are described and characterized in Table II-16 and the respective credits, pledged herein, when settled, shall be accounted for at the account set forth in Table II-l6-6 (Bound Account) held by Issuer and/or by the Third Party(ies) Guarantor(s) with Creditor.

 

a) Issuer and/or the Third Party(ies) Guarantor(s) declare to have the credit rights pledged hereby free and clear of any burdens, debts, doubts, encumbrances or guarantees.

 

b) Creditor, at its sole option, may transfer the resources arising out of the liquidation of the credit rights, credited to the bound account, set forth in Table II-16, to the Current Account set forth in Table 1-2, whenever the Issuer is up to date with its obligations with, in pledge, the percentage set forth in Table II-16.5. Without prejudice thereto, Creditor may, further, transfer and invest the resources arising out of the liquidation of the credit rights pledged herein, credited at the bound account set forth in Table II-16-6, for the purposes of partial or total amortization of the debit balance of the operation represented by this Note. It is hereby established that while pending any obligation of the Issuer with Creditor, as a result of this Note, even if not expired, Creditor may withhold the credits settled to the account set forth in Table II-16.6, including for the purposes of compensation.

 

c) Issuer and/or the Third Party(ies) Guarantor(s) may not movement the resources related to the payment of the credit rights pledged hereby, credited to the bound account set forth in Table II-16.6, while any obligation arising out of this Note is not fully complied with.

 

d) The pledge constituted hereby includes all credit rights, present and future, as set forth in Table 11-16, including its accessories and other advantages, Issuer and/or the Third Party(ies) Guarantor(s) being responsible for the existence, legitimacy and legality of such credits, undertaking, further, to keep them under pledge system before Creditor throughout the term of this Note up to the final and full settlement of all obligations assumed hereby, in the volume corresponding to the percentage set forth in Table II-16.5.

 

e) Issuer and/or the Third Party(ies) Guarantor(s) are responsible, under the penalties of law, for the existence, legality and legitimacy of the credit rights pledged herein, declaring that the same were not assigned or granted by them in another guarantee or were the object o another negotiation, having no third party’s rights or any agreement that may give place to the argument of compensation or other form of extinction or reduction of the values of the credit rights pledged hereby;

 

f) The person set forth in Table II-16.2, enrolled with the CPF/MF set forth in Table II-16.3, for free, assumes the office of trustee for all invoices, agreements and other documents representing or that are resultant from the credit rights pledged hereby, with the responsibilities imposed by the civil legislation applicable to the kind;

 

g) Issuer and/or the Third Party(ies) Guarantor(s) undertake to notify the debtors of the credit rights pledged hereby with respect to the pledge set forth herein on behalf of the Creditor, so that the same perform the proper payments to the Creditor. It is, thus, established that in no event Issuer and/or the Third Party(ies) Guarantor(s) may receive the values arising out of the credit rights pledged directly from drawees.

 

h) Creditor is hereby instructed to debit from the Current Account of Issuer the collection fee for credit right, which is found on the Table of Fees attached to Creditor’s Branches.

 

i) With respect to a Pledge of Credit Rights arising out of agreements/contracts, pursuant to Table 11-16, Issuer and/or the Third Party(ies) Guarantor(s) undertake, under the penalty of advance expiration of the operation represented by this Note, not to end the contractual relationship set forth with the debtor of the credit rights arising out thereof, pledged hereby on behalf of the Creditor, up to the total compliance with this Note.

 

  

9

  

 

	 	

Loans Bank Credit Note – Working Capital

	No. 4.231.432

 

 

j) In the case of credit rights resultant from the marketing of products and services by means of Credit Card, the guarantee will include all credit rights resultant from receivables of credit cards pursuant to the description of item 11-16, is so expressed, regardless of those acquiring card with which the Issuer keeps or may keep a relationship.

 

j.l) The acquirer of cards are considered all companies providing relationship operational and managerial services with business premises qualified to accept credit or debit cards, as well as monitoring, collection, processing and settlement services of transactions carried out by means of the credit/debit cards.

 

III – Pledge of Chattel – Issuer and/or the Third Party(ies) Guarantor(s) provide Creditor, in pledge, all assets described in Table 11-16 or listed in a document attached to this Note, which are located in the place set forth in Table II-16.4.

 

	
a)  

	
The person set forth in Table II-16.2, enrolled with the CPF/MF set forth in Table II-16.3, for free, becomes the holder/owner of the assets (s) pledged as trustee, assuming, thus, all legal obligations and burdens inherent to said office, being consequently liable for the safeguard and preservation, as well as deliver the pledged assets exclusively to the Creditor to which it may determine,

 

	
b)  

	
Above all, the pledge is governed by what is set forth in the Brazilian Civil Code.

 

IV - Fiduciary Disposal of Chattel – Issuer and/or the Third Party(ies) Guarantor(s), up to the total compliance with all obligations assumed herein, transfer to Creditor, under the terms of the legislation in force, the fiduciary property of the asset(s) described in Table II-16 or listed in a document attached to this Note, duly executed by the parties, declaring the Issuer and/or o(s) Third Party(ies) Guarantor(s), under the penalties of the law that the good(s) granted hereby in fiduciary property have the value of sale not inferior to the one set forth in Table II-16.1.

 

	
a)  

	
Hereinafter, the person set forth in Table II-16.2, enrolled with the CPF/MF set forth in Table 11-16.3, for free, becomes the holder/owner of the asset(s) fiduciarily disposed off as trustee, assuming, thus, all legal obligations and burdens inherent to said office, attributing, further: (I) not removing the asset(s) fiduciarily disposed off from the location set forth in Table II-16.4, without the previous and express consent of Creditor; (II) keep the asset(s) disposed off fiduciarily in perfect preservation, use and working conditions; (III) ensure to Creditor all inspections and examinations that it, at its option, whishes to perform the asset(s) fiduciarily disposed off; and (IV) deliver the asset(s) fiduciarily disposed off so that the Creditor promotes the public sale, if in arrears or default from Issuer;

 

	
b)  

	
Issuer and/or the Third Party(ies) Guarantor(s) shall replace the asset(s) fiduciarily transferred to Creditor in the event of deterioration, loss, damage, loss of value or misappropriation, under the penalty of advance termination of this Note.

 

	
c)  

	
Issuer and/or the Third Party(ies) Guarantor(s) shall keep the asset(s) fiduciarily disposed off, owed and completely insured, with a first line insurance company, of acknowledged good standing and accepted by Creditor, against fire risks and physical damages, for a value not inferior to the one set forth in Table II-16.1, and Creditor shall be the beneficiary in the respective policy. All costs of said insurance shall be exclusively borne by Issuer and/or by Third Party(ies) Guarantor(s), being certain that the debt represented by this Note shall be considered expired in the event of the insurance, for any reason, is cancelled within the term of this operation.

 

V – Fiduciary assignment of Credit Deeds and/or Rights – Issued and/or the Third Party(ies) Guarantor(s), in order to guarantee compliance with the main and accessory obligations arising out of this Note, transfer to Creditor, the credit deeds and/or the rights from which they are or may be the holder(s), described and characterized in Table 11-16 or in an attached list.

 

a) Issuer and/or the Third Party(ies) Guarantor(s) shall be responsible, under the penalties of law, for the existence and legitimacy of the credit deeds and/or rights assigned herein, declaring, further, that the same were not the object of another guarantee and/or negotiation, without any third party’s right or any agreement that may give place to the argument of compensation and/or other form of extinction or reduction of values.

 

b) Issuer and/or the Third Party(ies) Guarantor(s) undertakes to keep the credit deeds and/or rights fiduciarily assigned herein, in an amount of at least equal to the percentage specified in Table II-16.5, charged over the debt balance up to date of the operation set forth in this Note.

 

c) If verified, at any time, throughout the term of this instrument, that the amount of the guarantee granted is in a level inferior to what is set forth in Table 11-16.5, Issuer and/or the Third Party(ies) Guarantor(s) undertake to reinforce the guarantee constituted herein, promptly after notice of Creditor for this purpose, under the penalty if not done so being considered terminated in advance the debt represented by this Note.

 

d) As a result of the Fiduciary Assignment constituted hereby, Issuer and/or the Third Party(ies) Guarantor(s) undertake to keep its bank domicile(s) at Creditor, so that the credit deeds and/or rights assigned hereby are settled in a sole and exclusive manner at the bound account set forth in Table II-16.6, Issuer and/or the Third Party(ies) Guarantor(s) undertaking, further, irrevocably and unconditionally, to keep this condition, until settled all obligations arising out of this Note.

 

e) Creditor may use the existing resources at the bound account set forth in Table II-16.6, related to the settlement of the credit deeds and/or rights assigned hereby, for the purposes of or settlement of the debt balance of the operation represented by this Note.

 

  

10

  

 

	 	

Loans Bank Credit Note – Working Capital

	No. 4.231.432

 

 

f) It is hereby certain and understood that Creditor may apply the right set forth in item above, regarding each of the installments owed or directly over the debt balance, keeping in full force and effect the guarantee constituted hereby up to the final settlement of all obligations.

 

g) If the resources existing in the bound account are not sufficient, Issuer and/or the Third Party(ies) Guarantor(s) and/or the Guarantor(s) shall remain jointly responsible for the payment of the remaining.

 

h) Issuer and/or the Third Party(ies) Guarantor(s) shall hold the product of the collection of the credit deeds and/or of the rights fiduciarily assigned hereby, not being consumed in the amortization and/or settlement of the debt represented by this Note, including the principal, arrears charges and other accessories, as well as other collection/administration expenses.

 

i) Creditor may consider this Note promptly terminated, causing the debt agreed upon herein demandable and the encumbrance agreed enforceable, in the following events, in addition to those set forth in law: (I) if terminated the agreement(s) giving rise to the rights assigned hereby; (II) if Issuer and/or the Third Party(ies) Guarantor(s) enter into other agreements or constitutes any burdens, debts, encumbrances or guarantees that, in any way, are charged or may be charged over the credit deeds and/or rights fiduciarily assigned hereby, on behalf of third parties, without the previous and express consent of Creditor; (III) if Issuer and/or the Third Party(ies) Guarantor(s) do not reinforce or replace the guarantee set forth in this item, in the event of reduction of the amount thereof at a level inferior to the percentage set forth in Table 16.5, and the credit deeds and/or rights offered in reinforcement or replacement shall be accepted by the Creditor, at its exclusive option.

 

j) Issuer and/or the Third Party(ies) Guarantor(s) undertake to notify the debtors of the credit deeds or of the rights assigned hereby regarding the Fiduciary Assignment carried out hereby.

 

k) The person set forth in Table II-16.2, enrolled with the CPF/MF set forth in Table 11-16.3, assumes, freely, the office of trustee of all invoices, statements, agreements and other documents related to the credit deeds and to the rights fiduciarily assigned hereby, undertaking to the same to the Creditor within forty eight (48) hours, when requested by it.

 

l) In the event of arrears or default or the advanced termination of this Note, Creditor may enforce the guarantee constituted hereby, using the product of the Fiduciary Assignment to amortize or settle the outstanding debt balance;

 

m) In the case of credit rights arising out of the marketing of products and services by means of Credit Card, the guarantee will include all credit rights resultant from receivables from credit cards as described in item II-16, if so expressed, regardless of the acquire of cards with which Issuer keeps or may keep a relationship.

 

n) The acquirer of cards are considered all companies providing relationship operational and managerial services with business premises qualified to accept credit or debit cards, as well as monitoring, collection, processing and settlement services of transactions carried out by means of the credit/debit cards.

 

o) Issuer, hereby, irrevocably and unconditionally, nominates Creditor as its attorney-in-fact so that in the event of transfer of the credits arising out of Credit Card receivables to another acquirer, may, on behalf of Issuer, require that this new acquirer keeps the direction of such credits to the bound account set forth in Table II-16.6, held with the Creditor, under the penalty of advanced expiration of this credit operation.

 

6.3- The collaterals that may be specified in separate documents, become an integral and inseparable part to this deed, for all legal purposes.

 

6.4. – The constitution of more then one collateral, of identical nature or not, shall not result in loss to any of them or those previously constituted.

 

6.5 – It is authorized the enrollments, registrations, records or the practice of any other act before the registries services and other proper departments, required to the constitution or efficacy of the guarantees offered by Issuer or by Third Party(ies) Guarantor(s), which shall bear with all expenses arising out and, further, the parties undertake to sign any and all document that may be required for the purposes defined in this clause.

 

7 – Advanced expiration

 

7.1 - Creditor is entitled to consider as advanced expired this Note and promptly demandable of the payment of the outstanding debt balance, assessed pursuant to the law; regardless of notice, making it enforceable the collaterals and people granted, in the following events, in addition to those set forth in law:

 

a) If Issuer, and/or the Third Party(ies) Guarantor(s) and/or o(s) Guarantor(s) are in default with any of its obligations;

 

b) If Issuer, and/or the Third Party(ies) Guarantor(s) and/or o(s) Guarantor(s) incur in a legitimate protest of deed(s); if Issuer applied for its judicial recovery; in the event of application for its bankruptcy or in the event it is verified any other event indicating the change of the economic-financial status of Issuer;

 

c) If filed any judicial, extrajudicial or administrative measure, that may affect the guarantees or the credit rights, of Creditor;

 

d) If Issuer fails to replace any of the Guarantors that may be under any of the situations described above;

 

e) In the event of change or transfer, at any title, of the shareholding control or of the ownership of the company’s quotas of Issuer, as well as in the case of its incorporation, spin-off, merger or reorganization.

 

  

11

  

 

	 	

Loans Bank Credit Note – Working Capital

	No. 4.231.432

 

8 – Other Conditions

 

8.1 – The tolerance does not imply in a waiver, forgiveness, novation or change of the debt or of the conditions set forth herein and the payment of the principal, even without exceptions, does not constitute the settlement of the charges. Thus, any practice other than the one set forth herein, even if repeated, may not be interpreted as a contractual novation.

 

8.2 – In the event of noncompliance with any obligation or delay in the payment, Creditor is authorized to inform the fact to SERASA, to the SPC (Credit Protection Service), as well as to any other credit protection body.

 

8.3 – To the guarantees set forth in items III and IV of clause 6 supra, Issuer and/or the Third Party(ies) Guarantor(s) submitted the Clearance Certificate - CND of the INSS with the number and validity date set forth in Table 11-16.7, as well as the Federal Taxes Payment Certificate - CQTF with number and validity date set forth in Table II-16.8.

 

8.4 – This Note is issued with a number of copies set forth in Table III-1, and only the first one of them (Creditor’s copy) is negotiable.

8.5 – This Note may only be changed by means of amendment properly signed by both parties.

 

9- Creditor, hereby, informs Issuer that

 

a) this credit operation shall be registered at the Credits Information System (SCR) managed by the Central Bank of Brazil (BACEN);

 

b) SCR has the purposes of: (I) providing information to BACEN for the purposes of supervision of credit risk to which are exposed the financial institutions and (II) provide the interchange, between the institutions obliged to provide information to the SCR, of the information related to debits and responsibilities of clients of credit operation, with the purpose of providing credit and business decisions;

 

c) Issuer may have access to the dados set forth on its behalf in SCR, by means of the Public Services Central of BACEN;

 

d) the manifestations of disagreement with respect to the information set forth in the SCR and the requests of corrections, exclusions and registries of judicial measures in the SCR shall be directed to the Creditor, by means of written and based requirement of Issuer, along with the respective judicial decision, when the case may be;

 

e) the consultation regarding any information set forth in the SCR shall be subject to previous authorization from the Issuer.

 

10- It is hereby elected the jurisdiction of the District Court of the domicile of the Issuer.

 

We hereby declare for the due purposes that all clauses and conditions of this Bank Credit Note were previously discussed, faithfully representing the legal business in question.

 

  

12

  

 

	 	

Loans Bank Credit Note – Working Capital

	No. 4.231.432

 

 

[illegible signature]

Issuer

CIMCORP COM INTERNACIONAL E INF. S/A

 

Guarantor(s)

 

	
[illegible signature]

Name: CIMCORP INC

CNPJ/CPF/MF:

	
Name:

CNPJ/CPF/MF:

	
Name:

CNPJ/CPF/MF:

	
Name:

CNPJ/CPF/MF:

	
Name:

CNPJ/CPF/MF:

	
Name:

CNPJ/CPF/MF:

	
Name:

CNPJ/CPF/MF:

	
Name:

CNPJ/CPF/MF:

 

Authorizing Spouses

 

	
Name:

CPF/MF:

	
Name:

CPF/MF:

	
Name:

CPF/MF:

	
Name:

CPF/MF:

	
Name:

CPF/MF:

	
Name:

CPF/MF:

	
Name:

CPF/MF:

	
Name:

CPF/MF:

 

Third Party(ies) Guarantor(s)

	
Name:

CNPJ/CPF/MF:

	
Name:

CNPJ/CPF/MF:

	
Name:

CNPJ/CPF/MF:

	
Name:

CNPJ/CPF/MF:

	
Name:

CNPJ/CPF/MF:

	
Name:

CNPJ/CPF/MF:

	
Name:

CNPJ/CPF/MF:

	
Name:

CNPJ/CPF/MF:

 

Trustee

 

	
Name:

CPF/MF:

	  

 

	
Fone Fácil Bradesco - 4002 0022 / 0800 570 0022 *

Consultation to balance, statement and financial transactions. 24 hour, 7 days a week.

* Consult the other telephone numbers at bradesco.com.br or at Bradesco Branches.

	
Costumer Service - Alô Bradesco - 0800 704 8383

For People with Hearing Disability or Speech Impediment - 0800 722 0099

24 hours,7 days a week.

Ombudsmen - 0800 727 9933

From Monday through Friday from 08:00 a.m. to 06:00 p.m., except holydays.

 

 

 

13

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