Document:

ex1045.htm

Exhibit 10.45

 

 

Bank Credit Certificate No. (Business Check)

Place of issue SÃO PAULO

 

Date of issue                                06/20/2011

 

 

I (we) shall pay for this BANK CREDIT CERTIFICATE, in the current local currency, to BANCO SAFRA S/A, with its principal place of business at Avenida Paulista, 2.100, CEP 01310-930, city of São Paulo - SP, enrolled under the National Registry of Legal Entities (CNPJ) no. __, hereinafter referred to simply as SAFRA or by its order, the certain, net and payable amount mentioned in field 01 below, plus the charges, in the method, place of payment and maturity provided for in this preamble, all of which under the terms of the clauses and conditions set forth in this Certificate.

 

OPERATION CHARACTERISTICS

 

 

	1- Global credit limit	 
	R$ 500,000.00	, divided into two sub-limits, namely:
	 	 
	01.1-Sub-Iimit A  	01.2- Sub-limit B
	R$ 500,000.00	 
	 	 
	R$ 0.00	 
	 	 
	2- Final maturity	 
	3- 03- Commission	 
	04- Interest rate / 19/09/2011 X   	0.000000 % of the global credit limit
	3.950000 % per month	 
	05- Effective interest rate	 
	

06 – Place of payment SÃO PAULO

	 
	3.950000 % per month	 
	59,181988                      % per annum	 

                                                        

 

07- Place of release of funds:

Branch: 09700

Checking account: 

08- Charges levied on the value used of credit which may occasionally surpass the amount available for use:

 

0.000000 % per month

 

09- Other charges and expenses

 

09.1 Taxes and contributions:

0.9.1.1 IOF – rate of:

	
a)  

	
0.004100 % per day, levied on the sum of the daily outstanding balances assessed on the last day of each month or on the maturity of this Certificate.

	
b)  

	
0.380000% levied on the monthly sum of the daily accruals of the outstanding balances.

 

Rates in force on the contracting date of the operation applied as per the specific legislation

 

9.2  Tariffs and other expenses

Business check opening tariff – R$ 40.00

Business check maintenance tariff, due on a monthly basis, every thirty (30) days counted as of the issue of the present Certificate;

Business check renewal tariff, in case the operation is renewed, due on the maturity day of the operation or any of its renewals;

 

THE VALUES OF THE TARIFFS ARE FOUND DISCRIMINATED IN THE TABLES OF RATES OVER SERVICES POSTED IN THE PREMISES OF THE SAFRA BRANCHES AND DISCLOSED IN ITS WEBSITE

  

1

  

 

10. Criterion for determination of the value available for use regarding SUB-LIMIT B.

 

Trade notes

 

Credit rights arising out of the invoicing of credit/debit cards.

 

Third-party issued checks

 

Financial investments

 

11. Guarantee(ies) – as per the attached instruments(s)

 

Fiduciary assignment

 

Statutory lien

 

Mortgage

 

Pledge

 

Suretyship

 

Others

 

GENERAL CONDITIONS

 

1- OBJECT

 

 

	
  

	
1st Through this Certificate, issued in three (3) counterparts and delivered to SAFRA by the ISSUER, SAFRA opens and the ISSUER accepts a revolving credit up to the limit declared in field "01" of the preamble, of which the ISSUER may dispose of after twenty-four (24) hours counted as of the present date, all at once or in installments, by means of checks, receipts, payment orders, DOC or TED (wire transfer). 

SOLE PARAGRAPH: As per the understanding between SAFRA and the ISSUER, the credit limit open hereby is divided in two sub-limits, as per fields "01.1" and "01.2" above, which may be used by the ISSUER as per the conditions established in Clause 2 below.

 

CONDITIONS FOR CREDIT USE

 

	
  

	
2nd The credit limit use by the ISSUER shall observe the provisions in the items below:

	
(I)  

	
as to SUB-LIMIT A, the ISSUER may use the credit, up to the value indicated in field "01.1" above, during the whole effectiveness term of the present operation, provided it is performing all of its obligations set forth in this Certificate;

	
(II)  

	
as to SUB-LIMIT B, the ISSUER may make withdrawals in an amount equivalent to up to zero percent (0.0000%) of the total outstanding balance, and updated as a result of the other credit operations which the ISSUER has contracted or may contract with SAFRA, and which contains the guarantee of which object are assets similar to those indicated in field "10" above, by always respecting the maximum limit determined in field "01.2", such fields being an integral part of the preamble of this Certificate. PARAGRAPH ONE: In view of the provisions in item (ii) the caput of this clause, the ISSUER declares to be fully aware and agreeable that the value available for its use regarding SUB-LIMIT B may suffer constant flotation, as a result of eventual variations of the outstanding value of its responsibility, the ISSUER, and arising out of other credit operations, but never surpassing the sum indicated in field "01.2" of the preamble. PARAGRAPH TWO: It is expressly agreed that the percentage set forth in item (ii) of the caput of this clause may be, at any time, changed by SAFRA, in which case the ISSUER will receive a notice sent by SAFRA by electronic means or any other means, and the new percentage enters into force on the same date of receipt of said notice by the ISSUER.

 FINAL MATURITY OF THE CREDIT

 

  

2

  

3rd The present Certificate shall become due on the date established in field "02" of the preamble, so that, on that date, regardless of the contractual conditions herein, the open credit limit should be fully covered, along with the charges due.

 

PARAGRAPH ONE: Notwithstanding the provisions in the caput of this clause, this Certificate may be terminated by mere denunciation, performed by SAFRA or by the ISSUER, (i) if by SAFRA, upon notice via electronic means of interaction between SAFRA and the ISSUER and/or filed notice, or (ii) by the ISSUER, by means of filed notice, producing the denunciation for its legal effects as of the date of receipt of the respective notice by the recipient, and the credit limit should then be promptly and fully covered by the ISSUER, along with the due charges.

 

PARAGRAPH TWO: SAFRA is entitled, at its sole criterion and upon a simple notice sent to the ISSUER via electronic means or any other means, indicating the new period, limit, charges and other conditions, with at least five (5) days prior notice to the final maturity of this Certificate or any renewal, to renew the present credit opening, falling to the ISSUER, if it does not have any intentions for such renewal, to manifest in writing to SAFRA up to one (1) day before the end of said term.

 

PARAGRAPH THREE: It is also expressly agreed that the credit limit opened hereby may be, at any time, reviewed by SAFRA, in which case the ISSUER will receive a notice sent via an electronic means or any other means, with the new credit limit entering into force on the same date of receipt of said notice by the ISSUER.

 

4th Considering the revolving nature of the credit opening, the coverage of outstanding balances which are verified will be performed by means of cash deposits, under the terms of Clause 9 below, and/or by means of credits through usual documents in the national banking system, always in favor of SAFRA; in the latter case, the charges will be calculated until the day when the funds are free and available in a bank reserve

 

CHARGES AND OTHER EXPENSES

 

5th Interest at the rate determined in field "05" of the preamble, which will be capitalized daily, will be levied on the daily outstanding balance of the ISSUER. For the purposes of the calculation, scope and incidence of charges, the banking business days will be solely considered. For obtaining the daily rate, decapitalizing the interest rate (field "05") by the number of business days existing in the month will suffice

 

PARAGRAPH ONE: The commission indicated in field "03" and the other charges and expenses set forth in field "09" will also be due by the ISSUER, both in the preamble, and SAFRA is hereby expressly authorized irrevocably and irreversibly to debit the respective values of the checking account of the ISSUER kept at Banco SAFRA S/A or yet to deduce such values from the disbursement(s) subject matter herein. The commission and business check coverage tariff will be due by the time the credit limit is made available to the ISSUER, under the terms of Clause 1 above.

 

PARAGRAPH TWO: If, eventually, the outstanding balance of the ISSUER resulting from this Certificate surpasses the credit limit available for use, the charges determined in field "08" of the preamble, capitalized on a daily basis, will be levied on the amount surpassed, from the verification of excess to the effective coverage of the debit, instead of the interest rate indicated in field "04.

 

PARAGRAPH THREE: Is is expressly adjusted that the charges levied on the present operation may suffer changes, upon previous communication to the ISSUER entered in its bank statement, and the new charges will apply only as of the first (1st) business day of the month subsequent to the change.

PARAGRAPH FOUR: The Financial Transaction Tax (IOF) will be supported exclusively by the ISSUER, by assessing its value according to (i) the rate indicated in field “09.1.1(a)” of the preamble levied on the sum of outstanding balances assessed on the last day of each month or on the maturity of the certificate, including in the postponement and/or renewal, and (ii) rate indicated in field “09.1.1(b)” of the preamble, levied on the monthly sum of daily accruals of the debtors.

 

PARAGRAPH FIVE: The tariffs discriminated in field "09.2" of the preamble will also be due by the ISSUER.

 

6th The ISSUER undertakes to make the payment of the sums related to the obligations assumed herein, at the appropriate times and under the terms of the rules contained in Clauses 9 and 12 below, in the head office of SAFRA, or in any of its branches or premises, or still in a location which may be previously indicated in writing by it. Such sums should be paid under the conditions specified in Clause 9 below.

 

  

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- Guarantees

 

7th So as to assure full, faithful and proper performance of all obligations, principal and accessory, arising out of this Certificate, the guarantee(s) mentioned in field "10" of the preamble is(are) given to SAFRA, by a separate instrument(s) which shall be an integral part of this Certificate for all legal purposes and effects.

 

8th SAFRA may, at any time, require the provision of guarantees aimed at assuring compliance with the obligations incurred because of the present Certificate, or demand the reinforcement of the guarantees already established, in this last case provided that the supervening events may, anyhow, undermine or reduce the value and/or liquidity of these guarantees. If the request is no longer met by the ISSUER within fifteen (15) days counted as of the receipt of the written request from SAFRA sent by mail registration, with protocol, or through Registries of Deeds and Documents, the debt shall be considered as an overdue debt in anticipation, with all the financial supplies, regardless of any other official order or notification.

 

9a It is hereby agreed that all the guarantees connected to this Certificate, or that may be incorporated to it, shall be considered common to all transactions entered into  between SAFRA, or any member companies of "Organizações Safra", and the ISSUER or other companies which, in relation to the same ISSUER, are associated, holding, related or controlled, considered as such according to the definition provided in Article 243 and the sections of Law No. 6.404 of 12.15.1976, and the tax legislation, hereinafter simply called COMPANIES. Therefore, the Issuer irrevocably authorizes SAFRA and/or any of the companies of “Organizações Safra"  to exercise, as for the providers of these guarantees, whether they are real or personal, and/or as for their object, all the rights conferred by the instruments which formalize them and by means of the civil and commercial law, especially those relating to the fiduciary property, pledge, mortgage, surety bond, and in particular, but not limited to, the rights to sell, dispose of, assign or transfer the assets or rights pledged as collateral, to redeem them or get their proceeds. Due to the provisions herein, SAFRA and/or the member companies of “Organizações Safra" are expressly authorized to use the proceeds from the realization of the existing guarantees in the settlement or amortization of any debt resulting from the transactions made with the ISSUER and/or the COMPANIES.

 

- PAYMENT

 

10th The payment of the principal and charges, both those provided in field "04" and those indicated in field "08", as the case may be, will occur under the following conditions: (i) principal amount: due on the final maturity of this Certificate, determined in field "02" of the preamble; and (ii) charges: due on the first business day of every month. The parties agree that all and any payment of the ISSUER to SAFRA arising out of the present Certificate will be performed, at the appropriate times, upon a debit made in the checking account held by the ISSUER, kept at Banco Safra S/A, for credit of SAFRA, being the latter authorized to perform the procedures and entries needed for this purpose. For such, the ISSUER undertakes to timely supply said checking account with free and available resources, in a banking reserve, necessary to perform such debits.

 

11th The ISSUER and the GUARANTOR(S) authorize, irrevocably and irreversibly, that their respective checking accounts at Banco Safra S/A be debited, for any sums due or which may become due, as the principal and accessories, any  charges and accretions, late payment surcharge, interest in arrears, penalties, attorney’s fees, taxes, expenses and other sanctions expressed in this Certificate or in any other instrument entered into with SAFRA and/or with any other companies belonging to "Organizações Safra", which payment has not been performed fully, in the corresponding due date, contractually stipulated, with the credit and/or transfer of said sums being consequently authorized to SAFRA and/or the abovementioned companies for amortization or settlement of the outstanding debit, including the principal and other values appraised in this clause. All and any expenses, including any kind of tax charges, incurring and/or arising out of the compliance with the stipulation in the present clause, shall be borne and under the sole responsibility of the ISSUER, and the respective amount, once assessed, should be added to the total debit of the latter.

 

12th The ISSUER also authorizes SAFRA to debit on its checking account, any values due by it, the ISSUER, and/or by the COMPANIES to SAFRA, resulting from trade notes, promissory notes, drafts and any other negotiable instruments, overdue and unpaid, under the responsibility of the ISSUER and/or of the COMPANIES, which have been discounted or pledged as collateral to SAFRA, or also of which collection has been assigned to it by the respective creditors. Without prejudice to the authorization granted herein, which may exercised by SAFRA at any time and if no balance is verified in the checking account of the ISSUER, which may make it impossible to perform the debit allowed, SAFRA is still, hereby, expressly and irrevocably authorized to use the values, credits, applications and assets dealt with in Paragraphs One and Two of Clause 13, in the amortization or settlement of the debits subject matter of this clause.

 

 

  

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13th The expressions "coverage of the outstanding balance", "settlement of outstanding balance", "payment" and "amortization" contained in the present instrument, its attachments and addenda, shall always mean compliance with such obligations by the ISSUER upon delivery of funds in a checking account held by it at Banco Safra S/A, as free, unblocked, transferable and available in bank reserves, in order to accommodate the debit on the maturity dates (original or early, as these may be authorized by SAFRA, or required by it, in case one of the hypotheses provided by law or herein occur) of the amortization installments on the final due date of the principal and related interest, as the case may be, of the present credit operation, of the respective charges, including the default charges, without prejudice to the payment, to the rates or tariffs related to the bank services and products effectively used.

PARAGRAPH ONE: In case there are funds in the checking account, but unavailable or not released yet in the bank reserves on the maturity date of the amortization installment or of the final installment, SAFRA is entitled to proceed to the debit on the checking account of the ISSUER kept at Banco Safra S/A for the funds necessary to settle the obligation, as well as the charges due by the withdrawal on a bank reserve unavailable and the eventual taxes and other costs or expenses arising out of said withdrawal. The provisions in this First Paragraph does not impair at all the right of SAFRA to debit or redeem other assets of the ISSUER to satisfy the mentioned charges, cost and expenses, as permitted by the law or herein, or to charge them in another way that is allowed or not barred by law.

PARAGRAPH TWO: In case of coverage of the outstanding balance of this Certificate, even before its final maturity by means of transfer of funds originating from the compensation system, such coverage of the outstanding balance will only be considered performed when the funds so transferred are free, unblocked and available in bank reserves falling due, therefore, up to the moment of availability of the bank reserves, and the interest and charges contracted in the present credit opening operation.

 

- Default and Early Payment

 

14th The early maturity of the ISSUER’s total debt, besides the other hypothesis foreseen in this instrument will be legally applied, regardless of any judicial or extrajudicial notification, for the purposes of Article 397 of the Civil Code, in the following cases: a) if the Issuer fails to perform any obligation assumed herein; b) in case any of the causes considered in articles 333 and 1.425 of the Civil Code occurs; c) if any negotiable instrument is protested against the ISSUER; d) if the ISSUER and/or the COMPANIES and/or the COMPANIES, and/or the GUARANTOR(S) and/or the legal person surety(ies) has(have) its bankruptcy or judicial and extrajudicial recovery required, granted or decreed; e) if, without the express consent of SAFRA, the ISSUER, and/or the COMPANIES, and/or the GUARANTOR(S) and/or the legal person surety(ies) has(have), fully or partially, its controlling interest granted, transferred or, by any other means, disposed of, or suffer(s) any transformation, incorporation, spin-off or merger operation; f) if the ISSUER, and/or the COMPANIES, and/or the GUARANTOR(S) and/or the legal person surety(ies) default(s) on its obligations and/or do not settle, on the respective maturity, the debit under (its)their responsibility arising out of other instruments, agreements or credit operations entered into with SAFRA and/or any of the companies which are part of "Organizações Safra"; g) if any declaration, information or document which has been, respectively, signed, provided or delivered by the ISSUER is verified as false h) if, by any reason, the maturity of debts under the responsibility of the ISSUER, and/or of the COMPANIES, and/or of the GUARANTOR(S) and/or of the legal person surety(ies) is declared by any third-party creditor; i) if the Credit Information System of the Brazilian Central Bank dealt with by the normative acts issued by the National Monetary Council and/or Brazilian Central Bank, and/or another system which, in virtue of a legal standard, complements or substitutes it, and/or any other credit information system or service, either private or state-owned, points out any default on the obligations of the ISSUER, and/or of the COMPANIES, and/or of the GUARANTOR(S) and/or of the legal person surety(ies); j) if the ISSUER suffers and adverse change in its equity and/or financial situation; and I) if the ISSUER, and/or the COMPANIES, and/or the GUARANTOR(S) and/or the legal person surety(ies) to file a suit against SAFRA or any of the companies belonging to "Organizações Safra" with any legal process.

 

PARAGRAPH ONE: In case of any total or partial default and/or of early maturity of the ISSUER’s obligations, arising out of any instrument or security, including, but not limited to, the present Certificate, the net and payable bonds (in advance or not) of SAFRA shall be considered as extinguished, by operation of law, towards the ISSUER, up to the amount in which it is compensated with net and payable bonds (in advance or not) of the ISSUER towards SAFRA and resulting from the same instruments or securities, including, but not limited to, the present Certificate, all of which regardless of prior notice or notification of any kind. It is hereby clarified that the partial compensation shall not relieve the ISSUER and/or the real or personal guarantor(s), including, but not limited to, sureties, either natural or legal persons, who shall remain responsible for the remaining balance of their obligations and respective increments, until total settlement with SAFRA.

 

 

  

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PARAGRAPH TWO: For settlement of all obligations of the ISSUER, in case the compensation dealt with in the previous paragraph does not occur, or the remaining balance referred to in the end of the same paragraph, if the compensation is partial, after the performance, if any, of the real guarantees represented by fiduciary assignment and/or pledge of an instrument and/or securities and/or any financial investments, without prejudice to the foreclosure of the other guarantees constituted of the present Certificate, all credits, existing values in investment accounts, investments in fixed and/or variable income securities, and/or public or private securities, negotiable instruments in collection, precious metals, any funds, savings accounts, or any assets or other modalities of applications practiced in the financial and/or capital market which the ISSUER and/or the GUARANTOR(S), and/or the legal person surety(ies) hold(s) at SAFRA, and/or which are or will be administered and/or held in custody by Banco Safra S/A, Banco J. Safra S/A, Banco Safra de Investimento S/A, Administração de Recursos S/A, Safra Seguros Gerais S/A, Safra Vida e Previdência S/A, Safra Corretora de Valores e Câmbio Ltda., Safra Distribuidora de Títulos e Valores Mobiliários Ltda., or Safra Leasing S/A - Arrendamento Mercantil, as well as with any other companies belonging to "Organizações Safra", may be used by SAFRA. For such, the companies of "Organizações Safra" above mentioned are forthwith, irreversibly and irrevocably, authorized to, as may be the case and under the terms and condition they believe to be convenient: a) to get custody, redeem, dispose of to third parties, grant and transfer credits, rights and obligations, compensate, or in any way dispose of or receive the product of such instruments, applications and assets, transferring the respective funds to SAFRA, as soon as the default or either ordinary or early maturity of the ISSUER’s debit occurs; and b) sign transfer agreements, transaction notes, receipts, custody transfers, and all other documents which might be necessary for compliance with the provisions in this paragraph. All taxes, expenses or charges of any nature falling upon such operation(s) will be borne by the ISSUER.

 

DELAY IN PAYMENT AND LATE PAYMENT SURCHARGE

 

	
  

	
15th In case of default on any of the obligations assumed by the ISSUER, and without prejudice to the provisions of the other Clauses of this Certificate, it should be levied on the debit values: (i) late payment surcharge, calculated on a daily basis over the debit in arrears, as of the maturity date up to the effective day of payment, as per the rates that SAFRA is practicing by the time, and, as this is judicial collection, according to the rates adjusted herein, (ii) interest in arrears of one percent (1%) per month, calculated on a daily basis, over the total debit update as established in item "i" above, and (iii) non-compensating indivisible contractual penalty, of two percent (2%) over the value of the debit calculated in the form set forth in items "i" and “ii” above.

 

	
  

	
SOLE PARAGRAPH The receipt of the principal and any accretion, even without caveats, shall not constitute an assumption of settlement of the charges or any other due amount.

 

	
  

	
16th THE GUARANTOR(S) of this Certificate appear(s), also in this act, in the condition of joint debtor(s), expressly agreeing with the terms herein, assuming joint and several liability along with the ISSUER, irrevocably and irreversibly, for total and full settlement of the debt, comprising the principal and accessories, any charges and accretions, late payment surcharge, interest in arrears, penalties, attorney’s fees, expenses and other sanctions expressed in this Certificate, confirming and recognizing everything as net, certain and payable.

 

	
  

	
TAXES AND BURDEN

 

	
  

	
17th The burdens resulting from all and any levies, taxes, fees, social, fiscal, parafiscal contributions, or others, as well as for the respective increases, changes in the calculation base or computation period, readjustments and default charges, taxes and contributions, these already existing or which may be created in the future and which are or may be supported by SAFRA, arising out of this Certificate, including, among others (taxes and contributions), those calculated based on any gross or net revenue, by restricting proportionally in this last case the ISSUER’s responsibility for the tax burden resulting from the revenue from the Certificate, which may or not integrate the global (gross or net) revenue of SAFRA shall be the responsibility of the ISSUER and fully supported by it. It is also the responsibility of the ISSUER all and any burdens which may be suffered by SAFRA as a result of the creation, increase in the rate, change in the calculation base or computation period, of fits or compulsory collections levied, either directly or indirectly over the raising of necessary funds to keep this Certificate, or yet, any burdens which may be levied on the assets of SAFRA.

	
  

	
PARAGRAPH ONE: The abovementioned burden payment shall be performed by the ISSUER to the extent or in the proportion of the amounts due based on this Certificate, whether as a principal, correction, monetary update, exchange variation, interest, rates and other monies, and nonperformance thereof shall constitute default of the present instrument, with the consequences and sanctions for such provided herein, including, but not limited to, the early maturity. In case, after the settlement of the abovementioned sums, any difference due by the ISSUER is verified in virtue of the present clause, the ISSUER will be notified of such difference, which should be promptly settled by it.

	
  

	
PARAGRAPH TWO: All and any expenses arising out of this Certificate shall still be borne by the ISSUER, such as, but not limited to, notarial fees.

 

 

  

6

  

 

	
  

	
- ADDITIONAL PROVISIONS

 

	
  

	
18th SAFRA may, at any time, grant, transfer, or exert, fully or partially, the rights and obligations, negotiable instruments, shares and guarantees from this Certificate, regardless of notice or authorization of any kind, as well as issue the Bank Credit Certificate backed on the present instrument, and may freely negotiate it in the market.

	
  

	
19th The ISSUER undertakes, during the term of the present Certificate and up to the final compliance with the obligations assumed herein, to submit to SAFRA, duly attached by the profit and loss account statement, a copy of its semi-annual balance sheet and annual balance sheet.

	
  

	
20th The ISSUER, the GUARANTOR(S) and the THIRD PARTY GUARANTOR(S), hereby expressly authorize SAFRA and/or any finance company belonging to "Organizações Safra" to enter the information obtained from the ISSUER, to the GUARANTOR(S) and to the THIRD PARTY GUARANTOR(S), as well as checking the information consolidated on their behalf, in the Credit Information System of the Central Bank, dealt with in the normative acts issued by the National Monetary Council and/or the Brazilian Central Bank.

	
  

	
21st It is established that, if any of the parties refrain from exercising the rights or powers which they enjoy in this Certificate or else if they agree with the delays in compliance with the obligations in charge of the other party, those rights and powers shall not be affected, and may be exercised at any time by the non-defaulting party, at its sole discretion, with those acts of tolerance not implying in any other waiver or amendment of the conditions established in this Certificate or obliging the non-defaulting party to the maturities and defaults.

22nd If, to defend the rights originating from this Certificate, or in order to obtain what is due to it, SAFRA needs to resort to administrative or judicial means, it shall have the right to the contractual penalty provided above, besides the resulting legal costs and expenses and attorney’s fees calculated at the proportion of twenty percent (20%) of the same debit.

 

	
  

	
23rd THE PARTIES ELECT THE CENTRAL COURT OF THE JUDICIAL DISTRICT OF SÃO PAULO - SP (JOÃO MENDES JÚNIOR) AS COMPETENT TO TAKE COGNIZANCE OF AND SETTLE ANY DOUBTS OR ISSUES WHICH PERCHANCE MAY RESULT FROM THIS CERTIFICATE, AND THE SAME COURT MAY STILL BE DETERMINED BY THE JUDICIAL DISTRICT WHERE THIS INSTRUMENT IS SIGNED.

 

 

ISSUER

 

Name/Company name

 

CIMCORP COM INT E INFORM S/A

 

Address/Head Office: ALAMEDA MADEIRA 258

 

City: Barueri

 

State: SP

 

CPF/CNPJ: 

 

  

7

  

 

 

GUARANTOR (1)

 

Name/Company name: JURI SAUKAS

 

Address/Head Office: 

 

City: 

 

State: SP

 

CPF/CNPJ: 

 

 

Spouse/Companion of the GUARANTOR (1)

 

Name: IOCO SATO SAUKAS

 

Address: 

 

City: 

 

State: SP

 

CPF: 

 

 

GUARANTOR (2)

 

Name/Company name

 

Address/Head Office

 

City

 

State

 

CPF/CNPJ

 

 

Spouse/Companion of the GUARANTOR (2)

 

 

THIRD PARTY GUARANTOR (1)

 

Spouse/Companion of the THIRD PARTY GUARANTOR (1)

 

 

THIRD PARTY GUARANTOR (2)

 

Spouse/Companion of the THIRD PARTY GUARANTOR (2)

 

  

8

  

 

 

COMMUNICATION RELATED TO THE CREDIT INFORMATION SYSTEM (SCR)

 

In virtue of the issue of new rules by the National Monetary Council, which aim at changing and consolidating the regulation related to the supply of information about the credit operations to the Brazilian Central Bank (BACEN), "Organizações Safra" hereby communicates to the parties that: a) the debts and responsibilities arising out of the operations with credit characteristics performed by the customers will be recorded in the Credit Information System (SCR); b) the SCR aims at (i) providing information to BACEN for the purposes of supervision of the credit risk which the financial institutions are exposed to, and (ii) promoting the exchange of information between these institutions, about the amount of debits and responsibilities of the customers in credit operations, aiming at subsiding the credit and business decisions; c) the customers may have access to the data appearing in their names on the SCR by means of the BACEN’s Public Service Center (CAP); d) requests for corrections, of exclusions and records of legal processes and expressions of dissent as to the information contained of SCR should be addressed to "Organizações Safra" by means of a substantiated written request, as may be the case, attached of the respective court decision; e) the query on any information of the SCR will depend on the previous authorization of the customers.

 

 

	
Safra Service Center: 0300 105 1234

Custom service, Mon through Fri, 9 am – 7 pm, except on holidays

 

	
Legal Person Support Center:

São Paulo Capital and Greater São Paulo (11) 3175-8248

Other Locations 0800 015 75 75

Custom Service, Mon through Fri, 8 am – 7:30 pm, except on holidays.

 

	
SAC – Customer Service: 0800 772 5755 - 24/7

 

	
Ombudsman (in case you have already contacted the SAC and are not satisfied: 0800 7701236, Mon through Fri, 9 am – 6 pm, except on holidays.

 

 

9ex1046.htm

Exhibit 10.46

 

 

Banco Votorantím

 

CREDIT RIGHTS FIDUCIARY ASSIGNMENT AGREEMENT No. 79586-1

 

	
1. PARTIES

	
COMPANY: ClMCORP COMERCIO INTERNACIONAL E INFORMATICA SA

	
Corporate Taxpayers’ Roll (CNPJ); xxx

	
Address: ALAMEDA MADEIRA, 258 {SUITE 1401 AND 1402)

	
District:

	  	  
	
City: BARUERI

	
State: SP                   Postal Code:

	
Assigned Account no. xxx

	
Bank: 655                   Branch: 001-9

	
BANK: BANCO VOTORANTIM S.A.

	
Corporate Taxpayers’ Roll (CNPJ); xxx

	
Address: AVENIDA DAS NAÇÕES UNIDAS,N°

	
District: VILA GERTRUDES

	
14.171, BUILDING A, 18TH FLOOR

	  
	
City: SÃO PAULO

	
State: SP Postal Code:

 

	
2. SECURED TRANSACTION DESCRIPTION:

Transaction Type: Bank Credit Certificate - Working CapitalCertificate/Agreement Number: xxx

Credit Amount: Four million Brazilian Reais (R$ 4,000,000.00).

Interest Rate: A hundred percent (100.0000%) per annum of the average one-day interbank deposit rate (ID Rate) plus six and four hundred eleven ten-thousandths per annum (6.0410% p.a.), 252-day basis, exponentially calculated, corresponding to four thousand eight hundred ninety-nine hundred-thousandths per month (0.4899% p.m.), exponentially calculated.

Loan Granted on: 10/15/2010

Payment due in: one thousand two hundred and three (1203) days.

Place of Payment: São Paulo

	
Payment Schedule:

	
INSTALLMENT NO.

	
DUE DATE                                               AMOUNT [IN BRAZILIAN REAIS]

	
1

	
111/22/2010Amount in connection with charges set forth in items 3.4 and 3.5 of the secured transaction, calculated from 10/15/2010 to 11/22/2010

 

 

  

1

  

 

 

	
2

	
12/20/2010 Amount in connection with charges set forth in items 3.4 and 3.5 of the secured transaction, calculated from 11/22/2010 to 12/20/2010

 

	
3

	
01/20/2011 Amount in connection with charges set forth in items 3.4 and 3.5 of the secured transaction, calculated from 12/20/2010 to 01/20/2011

 

	
4

	
02/21/2011 Amount in connection with charges set forth in items 3.4 and 3.5 of the secured transaction, calculated from 01/20/2011 to 02/21/2011

 

	
5

	
03/21/2011 Amount in connection with charges set forth in items 3.4 and 3.5 of the secured transaction, calculated from 02/21/2011 to 03/21/2011

 

	
6

	
04/20/2011 Amount in connection with charges set forth in items 3.4 and 3.5 of the secured transaction, calculated from 03/21/2011 to 04/20/2011

 

	
7

 

	
05/20/2011 Principal repayment amounting to R$ 121,217.92, plus charges calculated from 04/20/2011 to 05/20/2011, as set forth in items 3.4 and 3.5 of the secured transaction

	
8

	
06/20/2011 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 05/20/2011 to 06/20/2011, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
9

	
07/20/2011 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 06/20/2011 to 07/20/2011, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
10

	
08/22/2011 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 07/20/2011 to 08/22/2011, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
11

	
09/20/2011 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 08/22/2011 to 09/20/2011, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
12

	
10/20/2011 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 09/20/2011 to 10/20/2011, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
13

	
11/21/2011 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 10/20/2011 to 11/21/2011, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
14

	
12/20/2011 Principal repayment amounting to R$ 121,211.94,

 

  

2

  

 

 

	
plus charges calculated from 11/21/2011 to 12/20/2011, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
01/20/2012 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 12/20/2011 to 01/20/2012, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
02/23/2012 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 01/20/2012 to 02/23/2012, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
03/20/2012 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 02/23/2012 to 03/20/2012, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
04/20/2012 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 03/20/2012 to 04/20/2012, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
05/21/2012 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 04/20/2012 to 05/21/2012, as set forth in items 3.4 and 3.5 of the secured transaction

06/20/2012 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 05/21/2012 to 06/20/2012, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
07/20/2012 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 06/20/2012 to 07/20/2012, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
08/20/2012 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 07/20/2012 to 08/20/2012, as set forth in items 3.4 and 3.5 of the secured transaction

09/20/2012 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 08/20/2012 to 09/20/2012, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
10/22/2012 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 09/20/2012 to 10/22/2012, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
11/20/2012 Principal repayment amounting to R$ 121,211.94,

 

 

  

3

  

 

 

	  	
plus charges calculated from 10/22/2012 to 11/20/2012, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
26

	
12/20/2012 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 11/20/2012 to 12/20/2012, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
27

	
01/21/2013 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 12/20/2012 to 01/21/2013, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
28

•

	
02/20/2013 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 01/21/2013 to 02/20/2013, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
29

	
03/20/2013 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 02/20/2013 to 03/20/2013, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
30 

 

31 

	
04/22/2013 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 03/20/2013 to 04/22/2013, as set forth in items 3.4 and 3.5 of the secured transaction

 

05/20/2013 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 04/22/2013 to 05/20/2013, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
32

	
06/20/2013 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 05/20/2013 to 06/20/2013, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
33 

 

34 

	
07/22/2013 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 06/20/2013 to 07/22/2013, as set forth in items 3.4 and 3.5 of the secured transaction

 

08/20/2013 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 07/22/2013 to 08/20/2013, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
35

	
09/20/2013 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 08/20/2013 to 09/20/2013, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
10/21/2013 Principal repayment amounting to R$ 121,211.94,

 

 

  

4

  

 

 

	  	
plus charges calculated from 09/20/2013 to 10/21/2013, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
37

	
11/20/2013 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 10/21/2013 to 11/20/2013, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
38

	
12/20/2013 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 11/20/2013 to 12/20/2013, as set forth in items 3.4 and 3.5 of the secured transaction

 

	
39

.

	
01/30/2014 Principal repayment amounting to R$ 121,211.94, plus charges calculated from 12/20/2013 to 01/30/2014, as set forth in items 3.4 and 3.5 of the secured transaction

	
3. COLLATERAL DESCRIPTION

Fiduciary Assignment of Credit Rights arising from Agreement(s) specified below, whose copy(ies) are made an integral part hereof as Exhibit 1:

Agreement Name: Government Agreement

Agreement no.: xxx

Subject Matter: Leasing services for data processing, storage and backup equipment.

Term: 48 months

Contracting Party's Corporate Name: Agência Nacional de Vigilância Sanitária

Contracting Party's Corporate Taxpayers' Roll No.: 

Minimum collateral percentage: a hundred percent (100%) of the Secured Operation debit balance.

 

By this private instrument, the above-mentioned Parties enter into this Credit Rights Fiduciary Assignment Agreement (hereinafter referred to as "Agreement"), which shall be governed by the following terms and conditions, as required by Article 66-B of Law no. 4728/65 and Articles 18-20 of Law no. 9154/97 and other applicable legal provisions and regulations.

 

I. Credit Rights Fiduciary Assignment

 

Clause 1 - In order to ensure that the COMPANY will fully perform its obligations assumed in the Secured Transaction or arising therefrom, the COMPANY hereby fiducially assigns the credit rights in connection with the above-mentioned agreement(s) without reserves, as defined in item 3 of the Recitals (hereinafter referred to as "Credit Rights"), as well as all credits available in the Assigned Account referred to in item 1 of the Recitals, whether resulting from the Credit Rights or not. The COMPANY hereby binds itself and its successors to perform a good, trustful fiduciary assignment at all times.

 

Paragraph One - As from this date, the BANK shall be the Credit Rights sole owner until the Secured Transaction is fully settled.

 

 

Paragraph Two - The fiduciary assignment constituted in Clause 1 above is intended to ensure the COMPANY's full and right performance of any and all payment obligations in connection with the Secured Transaction, including, but not limited to, the principal, interest, rates, fees, losses, damages, fines and expenses, as well as reimbursing any and all expenses incurred by the BANK due to the constitution, maintenance and/or execution of the fiduciary assignment constituted herein (hereinafter referred to as "Obligations").

 

  

5

  

 

 

Paragraph Three - While in effect, this collateral shall amount to the Minimum Collateral Percentage set forth in item 3 of the Recitals. The BANK shall periodically examine such amount. In the event such collateral percentage decreases, the COMPANY shall reinforce the collateral in no later than two (2) business days by fiducially assigning new credit rights to the BANK. They must be put forward and accepted by the BANK in advance; should the BANK reject them, the COMPANY shall deposit a sufficient amount in the Assigned Account, as specified in the Clause below, so that the collateral amounts to the said minimum percentage again, under penalty of accelerating the Secured Transaction maturity.

 

Paragraph Four - Should this collateral exceed the Minimum Collateral Percentage, the COMPANY hereby authorizes the BANK to irrevocably and irreversibly bind the surplus to other credit transactions through fiduciary assignment between the COMPANY and the BANK; all terms and conditions of such fiduciary assignment shall apply to credit operations they will be bound to.

 

Paragraph Five - The COMPANY hereby represents and ensures to the BANK that it is the sole owner of Credit Rights; such rights have been duly formalized, and thus can be freely negotiated; such rights are free and clear of any lien, charge and/or encumbrances of any character, except for the collaterals constituted herein, during the term hereof.

 

Paragraph Six - The COMPANY hereby represents that the Contracting Party(ies) referred to in item 3 of the Recitals above are not subsidiaries, affiliated companies or belonging to the same economic group as the COMPANY, as well as that they are not facing any events of insolvency, bankruptcy, court-supervised or out-of-court reorganization, suspension or loss of the right to conduct business, etc. that may affect the ability to pay the Credit Rights.

 

Clause 2 - The COMPANY hereby transfers the indirect ownership of Credit Rights and all documents proving the agreement(s) performance referred to in item 3 of the Recitals, including, but not limited to, copies of invoices, bills, proof of goods delivery and/or proof of service rendering, keeping them under its direct ownership, as bailee.

 

Sole Paragraph - The COMPANY shall be the bailee of all documents mentioned in Clause 2, as required by Articles 627 et seq. of the Civil Code, being in charge of keeping such documents and binding itself to deliver any copies or original documents to the BANK upon request in no later than two (2) business days, during the term hereof and under penalty of law.

 

Clause 3 - The Parties hereby represent that the Secured Transaction amount, as well as its payment schedule, place and date, its interest rate, and charges and fees payable by the COMPANY to

the BANK, and that all other aspects of such operation are described in the respective loan instrument(s) and its exhibit(s); this instrument is an integral part thereof and unseverable for all legal purposes.

 

II. Term

 

Clause 4 - This Agreement takes effect on this date and shall be in force until the Secured Transaction is fully settled, regardless of any notice or notification, whether judicial or out-of-court.

 

III. Assigned Account

 

Clause 5 - The COMPANY hereby agrees to cause debtor(s) from agreement(s) referred to in item 3 of the Recitals make all payments due to the COMPANY by crediting to the account specified in item 1 of the Recitals (hereinafter referred to as "Assigned Account").

 

Clause 6 - As creditor, the BANK is entitled to collect Credit Rights directly from its debtor, to execute the respective collaterals, if required, to give release and sign receipts, as well as to take actions and sign documents required in order to enforce the provisions of this Clause.

 

Paragraph One - The COMPANY shall pay any and all costs and/or expenses arising from Credit Rights collection by the BANK in no later than two (2) business days as from the notification in connection therewith sent by the BANK.

 

Paragraph Two - The BANK may, at its sole discretion, withhold the amounts credited in the Assigned Account until the COMPANY pays unmatured installments.

 

  

6

  

 

IV. Collateral Execution Procedure

 

Clause 7 - Under Article 66-B of Law no. 4728/1965, the BANK, as creditor and in the event of default and/or acceleration of maturity of the Secured Transaction or nonpayment of any other COMPANY's obligation towards the BANK, is entitled to withhold and use the credit balance in the Assigned Account to repay and/or settle the Obligations or any other COMPANY's unpaid obligation towards the BANK, regardless of auction, judicial sale or any other judicial or out-of-court measure. Thereafter, the surplus shall be delivered to the COMPANY, if any.

 

Paragraph One - The COMPANY hereby represents that it is aware that, in the event of default and/or acceleration of maturity of the Secured Transaction, the fiduciary assignment subject matter hereof automatically, irrevocably and irreversibly grants the definitive ownership of Credit Rights, as well as proceeds arising from the collection thereof to the BANK. Such ownership shall only be transferred to the COMPANY upon settling the Secured Transaction.

 

Paragraph Two - In order to ensure that any and all COMPANY's obligations towards the BANK, whether current or future, the COMPANY hereby expressly authorizes the BANK to use this collateral in the event of default or breach of contract, regardless of prior notice or judicial or out-of-court notification, so as to repay and/or settle any other debt that the COMPANY owes or may owe to the BANK as a guarantor, whether accommodation party or surety.

 

Paragraph Three - The BANK may build up sufficient reserves to take the action referred to in the Clause above when appropriate, regardless of prior notice or judicial or out-of-court notification.

 

Clause 8 - In the event the agreement(s) referred to in item 3 of the Recitals are terminated or expire before all Obligations are fully performed; the COMPANY faces lawsuits, execution proceedings or any kind of judicial or out-of-court measures that affect the Credit Rights for any reason whatsoever, wholly or in part; or the funds are not credited to the Assigned Account, whether due to debtor's default of the above-mentioned agreement(s) or for not having performed the obligations thereof, the COMPANY shall provide the BANK with other collaterals within two (2) business days, as from such events. Should the BANK reject such collaterals, the COMPANY shall provide new collaterals, under penalty of accelerating the Secured Transaction maturity.

 

Sole Paragraph - In the event the BANK accepts the new collaterals under the previous Clause, the BANK shall release the collateral constituted hereunder.

 

V. Secured Transaction Payment

 

Clause 9 - The COMPANY hereby irrevocably and irreversibly authorizes the BANK to use the total amount deposited in the Assigned Account to pay, wholly or in part, the amount due in connection with the Secured Transaction on its respective maturity dates. The COMPANY shall bear the debit balance, if any.

 

Sole Paragraph - In the event there is no balance in the Assigned Account, the COMPANY shall not be released from its obligations under the Secured Transaction.

 

VI. COMPANY's Obligations

 

Clause 10 - Until its Obligations are fully performed, the COMPANY absolutely, continually, irrevocably and irreversibly agrees:

 

 

	
I.  

	
to keep valid, appropriate, effective and in force all authorizations needed to execute this Agreement and instrument(s) required to formalize the Secured Transaction and to create the Assigned Account, as well as to perform all obligations hereunder and thereunder;

 

	
II.  

	
to keep Credit Rights existing, valid, effective and in force, with no restrictions or conditions whatsoever;

 

	
III.  

	
to defend itself in a timely and effective fashion against any actions, lawsuits, proceedings or procedures that may affect this Agreement and/or the agreement(s) giving rise to the Credit Rights in any way whatsoever;

 

	
IV.  

	
in the event any debtor of the Credit Rights or third-parties on behalf of such debtors make the payments due by any other means except for crediting to the Assigned Account, the COMPANY shall cause such funds to be transferred to the Assigned Account in no later than the first (1st) business day after the date such payment is received.

 

	
V.  

	
not to assign, waive or transfer the Credit Rights in any way or for any reason whatsoever;

 

	
VI.  

	
to always keep the Exhibit I up-to-date hereunder;

 

	
VII.  

	
not to change or allow any terms or conditions from agreement(s) giving rise to the Credit Rights or resulting in partial or full termination thereof to be changed without prior and express consent from the BANK; not to take any action or neglect such action that may cause the Credit Rights to be reduced in any way, express or implied; the COMPANY's rights to be waived under the above-mentioned instrument(s); or the respective contracting parties to be released from their obligations thereunder, whenever such changes, waivers or releases affect the COMPANY's ability to fully and strictly perform its Obligations.

 

 

  

7

  

 

VII. Waiver

 

Clause 11 - Any tolerance, partial performance or concession between the Parties shall always be deemed mere leniency and shall not be defined as waiver or loss of any right, capacity, lien, prerogative or powers granted (including authority), nor shall them result in novation, change, settlement, remission, modification or reduction of rights and obligations arising herefrom.

 

VIII. Irrevocability and Irreversibility

 

Clause 12 - This Agreement shall inure to the benefit of, and be binding upon, the Parties and their respective successors, and they agree that all terms, conditions, covenants, authorities, treaties and obligations assumed herein are: (i) deemed perfect and definite on this date; (ii) entered into irrevocably and irreversibly; (iii) independent and separate from the instrument(s) giving rise to Credit Rights.

 

IX. Miscellaneous

 

Clause 13 - The COMPANY hereby agrees to take any and all actions and produce any and all documents required to formalize and settle this collateral, as the case may be. It further agrees to carry out and/or confirm everything required so that the rights and prerogatives hereunder are enforced.

 

Clause 14 - Invalidation or nullity of any Clause hereof, wholly or in part, shall not affect the others, which shall remain valid and in effect until the Parties hereto perform all their obligations hereunder.

 

Clause 15 - Any change to the terms and conditions hereof shall only be deemed valid if formalized in writing, by a proper instrument executed by the Parties hereto, as well as two (2) witnesses.

 

Clause 16 - Any and all costs or expenses arising herefrom shall be borne by the COMPANY, provided that they are duly proven.

 

Clause 17 - For the purposes hereof, the BANK shall, at its sole discretion, request the specific performance of obligations assumed herein by the COMPANY under Articles 461, 461-A, 466-B, 621 and 632 of the Code of Civil Procedure.

 

	
Clause 18 - The Parties hereby elect the Court of the city of São Paulo, São Paulo state, to settle

	
any doubts or disputes whatsoever arising herefrom, and the Parties waive any other court,

	
even the most privileged.

	  
	
In witness whereof, the Parties duly execute this

	
Agreement, which shall inure to the benefit of, and be binding upon, the Parties and their respective successors, in three (3) counterparts of equal form and content, before the two (2)

	
undersigned witnesses.

	  
	
São Paulo, October 15th, 2010.

 

  

8

  

 

(sgd.)(illegible)

 

CIMCORP COMÉRCIO INTERNACIONAL E INFORMÁTICA S A

 

__________________________________________

 

BANCO VOTORANTIM S.A.

 

Witnesses:

 

	
1.___________________________________

Name:

ID Card (RG):

Individual Taxpayers’ Roll (CPF):

	
2.___________________________________

Name:

ID Card (RG):

Individual Taxpayers’ Roll (CPF):

 

  

9

  

 

 

EXHIBIT 1 TO THE CREDIT RIGHTS FIDUCIARY ASSIGNMENT PRIVATE INSTRUMENT NO. 79586-1

 

 

(Copy of the GOVERNMENT AGREEMENT No. 76/2009 and amendments thereto)

 

 

 

 

10

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