Document:

ex1057.htm

Exhibit 10.57

 

Financial Lease Sale Contract Nr.__

01. LESSOR

BB LEASING S.A – Arrendamento Mercantil – with headquarters in the Capital Federal (Federal Capital), Setor Bancário Sul – SBS, Quadra 1, Bloco G, Lote

nr. 32, 6o andar, CEP: 70.073-901, enrolled at the CNPJ under nr. __.

02. LESSEE

Company’s name: CIMCORP COMERCIO INTERNACIONAL E INFORMATICA SA

CNPJ: 

State enrolment:

Current account: 

Prefix/ Branch Name: 3221- 2 / EMPRES. AV. PAULISTA – SP

Address: ALAMEDA MADEIRA 258 SL 107

City: /State: BARUERI /SP

CEP: 06.454-010

03. CONDITIONS OF THE LEASE

Budgeted Amount: R$ 607.351,80

Cost of the leasing:

- Annual Effective Charge: 17.737%

- Monthly Effective Charge: 1.37%

Mode of correction: Pre-fixed

04. INSTALMENTS

Quantity: THIRTY-SIX (36)

Periodicity: monthly

05. GUARANTEED RESIDUAL AMOUNT (VRG)

VRG of 43.00%, over the Amount of the Contract (referred to in TRA), being

43% Diluted.

FIRST- PREAMBLE – BB LEASING S.A. – Arrendamento Mercantil, qualified in the ITEM “ LESSOR”, by its undersigned legal representative, duly identified, hereinafter referred to a BB LEASING and, on the other side, as the LESSEE, the person qualified in the ITEM “LESSEE”, by its legal representative(s), hereunder signed and identified, hereinafter referred to, have duly agreed with this present Contract, which jointly with the Receipt and Acceptance Term, hereinafter referred to as TRA, irrevocably and irretractably compose a unique and undividable document as per the Clauses and conditions are hereunder set.

SECOND- OBJECT – BB LEASING shall provide the LESSEE and this latter shall receive, in the lease mode, the good(s), hereinafter referred to as GOOD(s), as described and characterized in the TRA.

THIRD- TERM – The lease term shall be counted from the date when the LESSEE delivers the duly filled out and signed TRA.

  

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Continued – FINANCIAL LEASE SALE CONTRACT nr. __, celebrated on this date between BB LEASING S.A. – Arrendamento Mercantil and CIMCORP COMERCIO INTERNACIONAL E INFORMATICA S.A., in the budgeted amount of R$ 607.351,80, with a final due date in thirty-six (36) months on a date to be defined by the time of the TRA issuance.

FOURTH- PURCHASE, RECEIPT ADN ACCEPTANCE OF THE GOOD(S) – The Good(s) shall be acquired by BB LEASING, as per the technical characteristics and specifications as set by the LESSEE and delivered by the suppliers within the maximum time period of up to thirty (30) days.

FIRST PARAGRAPH – The GOOD(S), object of this present covenant shall be, after the acquisition, solely owned and of domain by BB LEASING, and the LESSEE shall not have any other right on it (them), other than the right for use, as per the terms contained in this contract.

SECOND PARAGRAPH – BB LEASING shall not be liable for omissions and/or errors as verified in the technical characteristics and specifications of the GOOD(s), as set by the LESSEE.

THIRD PARAGRAPH – THE RISKS OR COSTS HEREUNDER SHALL BE SOLELY LIABLE TO THE LESSEE: A) EXPENSES AND CHARGES RELATIVE TO THE REMITTANCE, TRANSPORT, TRANSPORT INSURANCE, RECEIPT, INSTALLATION, OPERATION, REMOVAL OR ATTAINMENT OF A PERMIT FOR THE OPERATION OF THE GOOD(S); B) ORIGINATED FFOM DEFECTS THAT THE GOOD(S) MAY PRESENT AND/OR THE NON-COMPLIANCE WITH THE TECHNICAL SPECIFICATIONS AS PREVIOUSLY SET BY THE MANUFACTURER(S), AND FOR SUCH, AS FROM NOW, THE LESSEE SHALL TAKE ALL MEASURES, INCLUDING IN THE LEGAL SCOPE, AIMING AT THE REMEDIATION OR REPLACEMENT OF THE GOOD(S), AND IN THIS CASE, THE FORMALIZATION OF AN AMENDMENT TO THIS CONTRACT SHALL BE OBLIGATORY; C) WHICH MAY RESULT IN LACK OF GOOD STANDING OF THE SUPPLIER(S).

FOURTH PARAGRAPH – THE LESSEE shall deliver the TRA to BB LEASING, which shall become an integral part of this contract, in which it shall declare that the GOOD(S) is(are) in compliance with the specifications, said declaration being equivalent to the full acceptance of the GOOD(S).

FIFTH PARAGRAPH- IF BY THE TIME THE GOOD(S) IS(ARE) RECEIVED AND THE LESSEE DOES NOT SIGN THE TRA, WITHIN THE MAXIMUM PERIOD OF TWO (2) DAYS, TO COUNT FROM THE ISSUANCE OF THE INVOICE OR RECEIPT, WHICH ARE REPRESENTATIVE OF THE ACQUISITION OF THE GOOD(S) OBJECT OF THE PRESENT LEASING, THE LESSEE, REGARDLESS OF THE JUDICIAL OR EXTRAJUDICIAL NOTIFICATION, SHALL PAY THE PENALTY OF TEN PERCENT (10%) OVER THE AMOUNT OF THE CONTRACT, AS SET IN THE ITEM “ CONDITIONS FOR THE LEASE”.

  

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Continued – FINANCIAL LEASE SALE CONTRACT nr. __, celebrated on this date between BB LEASING S.A. – Arrendamento Mercantil and CIMCORP COMERCIO INTERNACIONAL E INFORMATICA S.A., in the budgeted amount of R$ 607.351,80, with a final due date in thirty-six (36) months on a date to be defined by the time of the TRA issuance.

SIXTH PARAGRAPH – Once five (5) days are elapsed, to count from the invoice or receipt, which represents the acquisition of the GOOD(s) object of the present leasing, and if the LESSEE does not deliver the TRA, then BB LEASING may, regardless of judicial or extrajudicial notification, regard this contract as terminated and, in this case, the termination clause may be applied, with no damages to the agreement penalty as set in the FIFTH PARAGRAPH, of this CLAUSE.

FIFTH – GRACE PERIOD – THE GRACE PERIOD IS THE ONE AS SET IN THE TRA AND SHALL BE COUNTED AS FROM THE DATE OF THE SIGNING OF THE TRA UNTIL THE BASE DATE OF THE MONTH THAT IS PRIOR TO THE FIRST INSTALMENT FOR THE PAYMENT OF THE LEASE. IN THE GRACE PERIOD, THE SAME FINANCIAL CHARGES AS DESCRIBED IN THE ITEM “LEASE CONDITIONS” SHALL BE CHARGED, TO BE LEVIED ON THE DEBT BALANCE OF THE LEASE SALE, MONTHLY CALCULATED AND DEBITED AT EVERY BASE DATE, BY USING THE METHODOLOGY AS DESCRIBED IN THE FIRST PARAGRAPH OF TIHS CLAUSE. THE REFERRED FINANCIAL CHARGES SHALL BE INCORPORATED TO THE DEBT BALANCE OF THE CONTRACT IN ORDER TO BE DEMANDED ON THE SAME DATES OF THE PAYMENTS OF THE INSTALMENTS.

FIRST PARAGRAPH- THE AFOREMENTIONED FINANCIAL CHARGES SHALL CONSTITUTE THE AMOUNT OF THE GRACE PERIOD, AS PER THE FOLLOWING METHODOLOGY: METHODOLOGY: VC = DK X [ ( 1 + I /100) RAISED TO ( DC /30) – 1], WHERE VC IS THE AMOUNT OF THE FINANCIAL CHARGES IN THE GRACE PERIOD, OWED BY THE LESSEE TO THE BB LEASING; DK IS THE BASE FOR THE CALCULATION OF THE FINANCIAL CHARGES CORRESPONDING TO THE AMOUNT OF THE DISBURSEMENT MADE BY BB LEASING AT THE START OF THE LEASE PERIOD; I CORRESPONDS TO THE MONTHLY FINANCIAL CHARGE RATE IN THE PERCENTAGE FORM; AND DC CORRRESPONDS TO THE NUMBER OF RUNNING DAYS OF THE PERIOD UNDER UPDATING, TO COUNT FROM THE SIGNING OF THE TRA UNTIL THE BASE DATE IN THE MONTH PRIOR TO THE FIRST INSTALMENT OF THE LEASE PAYMENT.

SECOND PARAGRAPH – DATE BASE IS, FOR THE PURPOSE OF THE PROVISIONS OF THIS CLAUSE, THE DAY THAT CORRESPONDS IN EACH MONTH TO THE DATE OF THE FINAL MATURITY OF THE TRANSACTION.

SIXTH – AMOUNT OF THE CONTRACT – The amount priced corresponds to the budgeted price of the GOOD(s), added by the estimated amount of the expenses, taxes, insurance, which are deemed as necessary for the installation and start-up of the GOOD(s).

  

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Continued – FINANCIAL LEASE SALE CONTRACT nr. __, celebrated on this date between BB LEASING S.A. – Arrendamento Mercantil and CIMCORP COMERCIO INTERNACIONAL E INFORMATICA S.A., in the budgeted amount of R$ 607.351,80, with a final due date in thirty-six (36) months on a date to be defined by the time of the TRA issuance.

FIRST PARAGRAPH – The amount of the contract corresponds to the amount made up from the purchase price of the GOOD(s), and added, as is the case, by the expenses made by BB LEASING for transport purposes, transport insurance, pluriannual insurance, taxes and expenses which shall be deemed as necessary for the installation and operation of the GOOD(s) and of the grace period. THE AMOUNT OF THE CONTRACT is obtained after the acquisition of all GOODS, for this reason it is only referred to in the TRA.

SECOND PARAGRAPH – The original total amount corresponds to the amount that is equivalent to the multiplication of the quantity of the agreed installments, by the base amount of the installment that is specified in the TRA.

SEVENTH – DUE DATE – The present Contract shall be due within thirty-six (36) months to count from the due date of the 1st installment, as per the date to be defined in the issuance of the TRA. And the LESSEE shall pay until the end of this time period, all the liabilities originated from it, which are: INSTALMENTS, VRG, ANNAL TAXES (BUT NOT LIMITED TO IPVA, IPTU, ITR), IN ADDITION TO OTHER TAXES, LICENSES AND OBLIGATORY INSURANCE, APPLICABLE AS PER THE NATURE OF THE GOOD(s) (VEHICLES, URBAN OR RURAL REAL STATE), commission, monetary readjustment, interest, other ancillary ones and, any expenses, regardless of any notification or judicial or extrajudicial proceedings.

EIGHTH – PAYMENT MODE – INSTALMENT – The LESSEE shall pay the installments to BB LEASING, in monthly periods, in the amount and form as set in the TRA.

FIRST PARAGRAPH - THE LESSEE SHALL PAY BB LEASING AS MANY INSTALMENTS AS THE ONES REFERRED TO IN ITEM “INSTALMENTS”, THE FORM OF CORRECTION AS AGREED IN THE ITEM “LEASE CONDITIONS” BEING COMPLIED. FOR SUCH, THE LESSEE, IRREVOCBLY AND IRRETRACTABLY AUTHORIZES BB LEASING, TO PROCEED WITH THE PERTINENT AND NECESSARY DEBIT ACCOUNTING ENTRIES FROM ITS CURRENT ACCOUNT OF DEPOSITS NR. 000.005.236-1, AT BANCO DO BRASIL S.A., BRANCH EMPRES. AV. PAULISTA- SP, PREFIX 32221-2, AS WELL AS AUTHORIZING THE DEBIT OF THE AMOUNTS OF THE CORRESPONDING ANNUAL TAXES, BUT NOT LIMITED TO IPVA, ITR, IN ADDITION TO OTHER TAXES, LICENSES AND OBLIGATORY INSURANCE, APPLICABLE AS PER THE NATURE OF THE GOOD(S) ( VEHICLES, URBAN OR RURAL REAL ESTATE). THE LESSEE SHALL KEEP SUFFICIENT FINANCIAL FUNDS FOR THE COLLECTION OF SAID ENTRIES, REGARDLESS OF NOTICE OR NOTIFICATION.

SECOND PARAGRAPH – The payments of the installments and of any other amounts due by the LESSEE as per this contract are not subordinated to any condition,

 

  

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Continued – FINANCIAL LEASE SALE CONTRACT nr. __, celebrated on this date between BB LEASING S.A. – Arrendamento Mercantil and CIMCORP COMERCIO INTERNACIONAL E INFORMATICA S.A., in the budgeted amount of R$ 607.351,80, with a final due date in thirty-six (36) months on a date to be defined by the time of the TRA issuance.

being independent from any circumstances, including the one(s) that the GOOD(S), object of this lease, may become useless, inappropriate or idle.

THIRD PARAGRAPH – The due date of the instilments shall be the one chosen by the LESSEE. The difference of days between the date of the Term of Receipt and the Acceptance – TRA and the date chosen for the referred due date is taken into consideration in the installments set in the TRA.

FOURTH PARAGRAPH – THE LESSEE SHALL, IRREVOCABLY AND IRRETRACTABLY, PAY THE TAXES AS REFERRED TO IN FIRST PARAGRAPH OF THIS CLAUSE, WHICH, IF NOT PAID, SHALL GIVE THE RIGHT TO BB LEASING TO DECLARE ALL THE OBLIGATIONS, AS CONTAINED IN THE PRESENT CONTRACT OF LEASE, DUE IN ADVANCE, BY ADOPTING PLAUSIBLE JUDICIAL AND EXTRAJUDICIAL MEASURES.

FIFTH PARAGRAPH – It shall be irrevocably and expressly set that the lack of the performance by BB LEASING of any of the rights conferred to it due to the present Contract or agreement relative to delays in the fulfillment or default of the LESSEE’s obligation, shall not affect those rights or abilities- which may be performed at any time – and shall not alter whatsoever, those conditions as set in this contract and shall neither make BB LEASING liable relative to the future due dates or default events.

SIXTH PARAGRAPH – Any receipt of the installments out of the time periods as agreed upon, shall constitute mere tolerance which shall not affect whatsoever any of the dates of their due dates or the other clauses and conditions of this contract and, neither shall mean novation or amendment of the agreed terms, including relative to the charges resulting from arrears, and apportioning to the debit payment the compulsory value received in the following order: penalty, interest, arrears interest, remuneration interest, default fee, other debited ancillary ones, principal due and principal to be due. The settlement of the debt resulting from this Contract shall occur after the settlement of the balance due of those installments referred to in the aforementioned CLAUSE “MODE OF PAYMENT – INSTALMENT”.

NINTH – GUARANTEED RESIDUAL AMOUNT (VRG) – The guaranteed residual amount, hereinafter referred to as VRG, shall be corresponding to the percentage applied over the CONTRACT AMOUNT, as specified in the TRA.

FIRST PARAGRAPH – The LESSEE shall pay BB LEASING the referred VRG, calculated in one single installment, on the date of the start of the leasing time period, referred to as “VRG IN ADVANCE” or on the due date of the last consideration, referred to as FINAL. The VRG may also be paid by the LESSEE in installments on the same dates of the due dates of the considerations, referred to as DILUTTED VRG or even, paid by the LESSEE in the MIXED mode, being one fixed installment, that may be in the advance mode, on the start date of the leasing time period and/or in the end of

 

  

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Continued – FINANCIAL LEASE SALE CONTRACT nr. __, celebrated on this date between BB LEASING S.A. – Arrendamento Mercantil and CIMCORP COMERCIO INTERNACIONAL E INFORMATICA S.A., in the budgeted amount of R$ 607.351,80, with a final due date in thirty-six (36) months on a date to be defined by the time of the TRA issuance.

the time period, on the date of the due date of the last consideration, plus the diluted installments, on the same dates of the maturities of the considerations.

SECOND PARAGRAPH – THE VRG IS PART OF THE FINANCIAL FLOW OF THE LEASE SALE CONTRACT AND IT IS DUE REGARDLESS OF THE ACQUISITION OF THE GOOD(S).

TENTH – LOCATION OF THE LEASED GOOD(S) – The leased GOOD(S) which are described in this Instrument are located in BELO HORIZONTE –MG – AT AV. GETULIO VARGAS, 1420, 5o andar, SAVASSI, CEP: 30.112-021.

ELEVENTH – PROVISIONAL OWNERSHIP – By this present lease sale contract the LESSEE is guaranteed the right to the provisional ownership of the GOOD(s) as described in the TRA, the rights of BB LEASING relative to the ownership and to the indirect ownership of the same GOOD(s) as described in the TRA being preserved until the effective performance of the Purchase Option is verified.

FIRST PARAGRAPH – In case of contractual breach, the LESSEE shall return the direct ownership to BB LEASING, with no damages to the other provisions as set in this contract.

SECOND PARAGRAPH- Failure to promptly return the GOOD(s) as per the terms of FIRST PARAGRAPH of this CLAUSE shall be characterized as disseisin and, BB LEASING shall be entitled to adopt the judicial measures to its repossession.

TWELFTH – USE AND MAINTENANCE OF THE GOOD(S) – THE LEASED GOOD(S) SHALL REMAIN IN THE POSSESSION OF THE LESSEE WHICH SHALL KEEP IT (THEM) AND MAINTAIN IT (THEM) IN PERFECT OPERATING CONDITIONS.

FIRST PARAGRAPH – THE LESSEE SHALL NOT USE, KEEP OR STORE THE GOOD(S) IN AN INAPPROPRIATE MANNER, THAT MAY BE OPPOSED TO THE PROVISIONS OF THIS CONTRACT, OR ANY LAW IN FORCE, OR EVEN IN DISAGRREEMENT WITH THE SPECIFICATIONS OF THE MANUFACTURER AND SHALL USE (IT) THEM FOR ITS OWN ACTIVITIES.

SECOND PARAGRAPH – THE LESSEE SHALL BE LIABLE, DURING THE CONTRACT PERIOD, FOR THE GOOD TECHNICAL MAINTENANCE AND THE PERFECT CONSERVATION OF THE GOOD(S), AND SHALL PROVIDE, AT ITS OWN ACCOUNT AND RISK, ALL THE ADJUSTMENTS, FIXING, REVISIONS AND SUBSTITUTIONS OF THE WORN OUT PARTS.

  

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Continued – FINANCIAL LEASE SALE CONTRACT nr. __, celebrated on this date between BB LEASING S.A. – Arrendamento Mercantil and CIMCORP COMERCIO INTERNACIONAL E INFORMATICA S.A., in the budgeted amount of R$ 607.351,80, with a final due date in thirty-six (36) months on a date to be defined by the time of the TRA issuance.

THIRD PARAGRAPH – All guarantees and rights provided by the producer / constructor shall be transferred to the LESSEE and BB LEASING shall be held harmless from any liability in this respect.

FOURTH PARAGRAPH - In case the LESSEE does not use the GOOD (S) as per its expectations shall not incur into the payment of any indemnity whatsoever by BB LEASING, and likewise, due to the identical circumstance, it shall not be incurred into decrease, cessation or even remission of any pecuniary obligation, due by the LESSEE to BB LEASING, as per this contract.

FIFTH PARAGRAPH – The changes that the LESSEE wishes to promote in the characteristics of the GOOD(S) shall only be implemented by means of express authorization by BB LEASING.

SIXTH PARAGRAPH - IN NO WAY, WHATSOEVER, THE LESSEE SHALL HAVE THE RIGHT FOR INDEMNITY OR RETENTION OVER THE LEASED GOODS, DUE TO IMPROVEMENTS OF ANY NATURE, EVEN IF THOSE HAVE BEEN MADE AS AGREED BY BB LEASING.

SEVENTH PARAGRAPH - BB LEASING shall at any time inspect the GOOD(S) and demand from the LESSEE the adoption of essential measures for its preservation and perfect operation.

THIRTEENTH – LOSS OF THE GOODS - In case of lost, theft, robbery or total or partial destruction of the leased GOOD(S), BB LEASING may: a) make its substitution or repair, to be on the account of the LESSEE that difference to the higher between the amount of the indemnity eventfully received and the total cost of the acquired or repaired GOOD(S) b) opt for the termination of this contact and demand the payment by the LESSEE of the VPE as estimated in the CLAUSE “AMOUNT OF THE CALCULATED LOSS –VPE”, the amount of the indemnity that may have been received from the insurance company by BB LEASING being deducted; c) in the contracts which contain more than 1 piece of good, demand for the VPE relative to the lost, stolen or fully destroyed GOOD(s), calculated ‘pro rata temporis’, and this Contract shall continue to be in force relative to the other GOOD(S).

FIRST PARAGRAPH - THE LESSEE SHALL, AS FROM NOW, HOLD BB LEASING HARMLESS FROM LIABILITIES FOR THE TOTAL OR PARTIAL DESTRUCTION OF THE GOODS, AS WELL AS IRREPARABLE DAMAGES, SEIZURE, LOSS OR THEFT, WHICH SHALL BE FULLY LIABLE TO THE LESSER, WHICH SHALL PROMPTLY NOTIFY ANY OF THOSE FACTS TO BB LEASING.

SECOND PARAGRAPH – The LESSEE is subject to indemnifying BB LEASING for the equivalent amount relative other damages due to the misuse and/poor maintenance

 

  

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Continued – FINANCIAL LEASE SALE CONTRACT nr. __, celebrated on this date between BB LEASING S.A. – Arrendamento Mercantil and CIMCORP COMERCIO INTERNACIONAL E INFORMATICA S.A., in the budgeted amount of R$ 607.351,80, with a final due date in thirty-six (36) months on a date to be defined by the time of the TRA issuance.

of the GOOD(s), with no damages to the sanctions, other penalties and measures which are deemed as necessary.

THIRD PARAGRAPH - The civil or criminal liabilities, originated from damages, whether directly or indirectly, caused to third parties due to the use of the GOOD(S), are fully undertaken by the LESSEE which equally shall reimburse BB LEASING for the amounts duly readjusted by the TR accumulated variation (Referential Rate), relative to indemnities, judicial or extrajudicial expenses, including attorney’s fees, eventfully paid by BB LEASING due to the legal decisions made in a civil liability suit against it filed by those third parties.

FOURTEENTH – AMOUNT OF THE STIPULATED LOSS – VPE – IN CASE RESCISSION OCCURS, THE LESSEE SHALL BE LIABLE FOR THE REIMBURSEMENT OF THE DAMAGES TO BB LEASING, AS WELL AS FOR EMERGING DAMAGES AND LOST PROFITS. IT SHALL ALWAYS CORRESPOND TO THE AMOUNT RESULTING FROM THE SUM OF THE CONSIDERATIONS AND THE VRG DUE AND NOT PAID, ADDED BY THE ARREARS INTEREST AS PROVISIONED IN THE CLAUSE “RESCISSION”, PLUS THE SUM OF THE CONSIDERATIONS AND VRG TO BE DUE WITH PROPORTIONAL REDUCTION OF THE COST, ON THE DATE OF THE RETURN OR RECOVERY FO THE LEASED GOOD(S). THE PRESENT AMOUNT OF THE DEBT CALCULATED THIS WAY SHALL BE CORRECTED ON A MONTHLY BASIS, IN THE PERIOD BETWEEN THE DATE OF THE RETURN OR RECOVERY OF THE LEASED GOOD(S) AND THE DATE OF THE EFFECTIVE PAYMENT, BY THE TR VARIATION OR ANOTHER INDEX THAT SHALL REPLACE IT LEGALLY, ADDED BY INTEREST IN ARREARS OF ONE PERCENT (1%) PER MONTH, THE SALE AMOUNT OF THE LEASED GOODS BEING DEDUCTED.

FIFTEENTH – RESCISSION - BB LEASIN shall declare this contract as terminated, regardless of judicial summons, notice or judicial or extrajudicial notification, if any of the events occur: a) lack of fulfillment of any of the obligations undertaken herein; b) non payment when due, of any debt that originates directly or indirectly from this contract; c) legitimate protest of a negotiable instrument, insolvency, as well as filing for judicial or extrajudicial recovery, or bankruptcy of the LESSEE or if the LESSEE is filed for bankruptcy or civil insolvency or for any other reason it terminates its activities; d) non-substitution, by the LESSEE, whenever requested by BB LEASING of the Guarantors who are in one of the situations as estimated in prior sub-section “c”; e) fraud of any declaration rendered by the LESSEE in this contract or fraud of the information provided to BB LEASING; f) lack of authorization, in writing, from BB LEASING, in case the LESSEE assigns to third parties those rights and obligations which are referred to it and which originate from this contract; g) inadequate use of the GOODS by the LESSEE, or its(their) use for purposes which are diverse from the ones as agreed in this instrument; h) loss, theft, robbery, destruction or expropriation of the

 

  

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Continued – FINANCIAL LEASE SALE CONTRACT nr. __, celebrated on this date between BB LEASING S.A. – Arrendamento Mercantil and CIMCORP COMERCIO INTERNACIONAL E INFORMATICA S.A., in the budgeted amount of R$ 607.351,80, with a final due date in thirty-six (36) months on a date to be defined by the time of the TRA issuance.

GOOD(S); i) non-substitution of any of the GOOD(S) which are involved in litigation about its(their) origin or relative to the ownership of the providers, within the time period of 24 hours to count from the request by BB LEASING or the summons or police notification and/or seizure of the GOOD(S), whichever comes first.

FIRST PARAGRAPH – IN CASE TERMINATION OCCURS DUE TO ANY OF THE REASONS AS MENTIONED IN CAPUT OF THIS CLAUSE, THE LESSEE SHALL: A) RETURN THE GOOD(S) TO BB LEASING WITHIN THE MAXIMUM TIME PERIOD OF TWENTY (20) RUNNING DAYS, EXCEPT IN CASE OF SUB SECTIONS “H” AND “I” OF THE CAPUT OF THIS CLAUSE; B ) INDEMNIFY BB LEASING FOR THE AMOUNT THAT CORRESPONDS TO THE TOTAL OF THE AMOUNT OF THE ESTIPULATED LOSS- VPE; C ) BEAR, AS FROM THE MOMENT OF THE RESCISSION, ALL COSTS, INCUDING AND MAINLY THE ONES OF PECUNIARY NATURE, ORIGINATED FROM THE OBLIGATIONS CONTRACTED BY BB LEASING WITH THIRD PARTIES, AS PER THIS CONTRACT.

SECOND PARAGRAPH – Once the restitution of the GOOD(S) is performed, BB LEASING shall have the right to, as from now, by the LESSEE and its obligors to extra judicially sell the GOOD(S) in whatever mode it deems appropriate. After the payment of the VPE, the LESSEE shall receive the amount of the sale of the GOODS, the pertinent expenses being deducted.

SIXTEENTH – DEFAULT CHARGES – IN CASE OF NON-FULFILLMENT OF ANY OF THE LEGAL OR CONVENTIONAL OBLIGATION LIABLE TO THE LESSEE, OR IN CASE OF ADVANCE DUE DATE OF THE TRANSACTION, THE FINANCIAL CHARGES AS SET HEREUNDER SHALL BE REQUIRED AS FROM THE DUE DATE, OVER THE AMOUNT OF THE OBLIGATION IN DELAY OR OVER THE DEBT BALANCE OF THE LEASE IN CASE OF MATURITY IN SUBSTITUTION OF THE NORMALITY CHARGE AGREED: A) ARREARS FEE, CALCULAED AT THE MARKET RATE ON THE DAY OF PAYMENT, AS PER THE TERMS OF RESOLUTION 1.129 OF 05.15.86. OF THE NATIONAL MONETARY COUNCIL – CMN; B) INTEREST IN ARREARS AT THE RATE OF 1% PER MONTH, EQUIVALENT TO THE EFFECTIVE RATE OF 12,68% PER YEAR, LEVIED ON THE DEBT BALANCES UPDATED AS PER SUB-SECTION “A” OF THIS CLAUSE; C ) PENALTY OF 2%, CALCULATED, DEBITED AND REQUIRED IN THE PARTIAL PAYMENTS, OVER THE PAID AMOUNT AND IN THE SETTLEMENT OF THE DEFAULT DEBT, OVER THE AMOUNT THAT CORRESPONDS TO THE DEBT BALANCE DUE, UPDATED BY THE CHARGES ESTIMATED IN SUB-SECTIONS “A” AND “B” OF THIS CLAUSE. THE CHARGES AS SET IN SUB-SECTIONS “A” AND “B” SHALL BE CALCULATED OVER THE DEFAULT AMOUNTS TO BE PARTIALLY PAID AND AT THE SETTLEMENTS OF THE DEFAULT DEBT BALANCE, TO BE DEBITED AND

 

  

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Continued – FINANCIAL LEASE SALE CONTRACT nr. __, celebrated on this date between BB LEASING S.A. – Arrendamento Mercantil and CIMCORP COMERCIO INTERNACIONAL E INFORMATICA S.A., in the budgeted amount of R$ 607.351,80, with a final due date in thirty-six (36) months on a date to be defined by the time of the TRA issuance.

DEMANDED JOINTLY WITH THE INSTALMENTS OF THE PRINCIPAL AMORTIZED / SETTLED, PROPORTIONAL TO THEIR NOMINAL AMOUNTS.

SOLE PARAGRAPH- EXCEPT WITH REGARD TO THE INCOME TAX DUE BB LEASING, THE LESSEE SHALL BE LIABLE FOR ALL EXPENSES WHICH MAY BE SUPPORTED, AT ANY TITLE, BY BB LEASING, WHETHER DUE TO THIS CONTRACT, WHETHER DUE TO THE PROPERTY, AVAILABILITY, USE AND REMITTANCE OF THE GOOD(S), RELATIVE TO INSURANCE, EMOLUMENTS, LICENSES, TAXES, AND FEES AS PROVISIONED OR WHICH MAY BE PROVISIONED LEGALLY, REGARDLESS OF THE NATURE, AS WELL AS PENALTIES AND INTEREST IN ARREARS RESULTING FROM THE NON- PAYMENT OF THE EXPENSES WITHIN THE DUE TIME PERIOD AND ANY OTHER CHARGES ORIGINATED FROM THIS CONTRACT AND FROM THE USE OF THE GOOD(S).

SEVENTEENTH – MAINTENANCE OF THE CONTRACT – BB LEASING WARRANTS TO THE LESSEE THE RIGHT TO ADVANCE SETTLEMENT OF THIS CONTRACT AS FROM THE DAY FOLLOWING THE FULFILLMENT OF THE MIMIMUM LEGAL TERM AS SET BY RESOLUTION CMN 2.309 AS PER PROVISIONS OF RESOLUTION 3.401, OF 09/06/2006, OF THE NATIONAL MONETARY COUNSIL.

FIRST PARAGRAPH- THE SETTLEMENT IN ADVANCE OF THE CONTRACT, REQUIRED BY THE LESSEE, SHALL ENFORCE IT TO ARRANGE FOR THE IMMEDIATE RETURN OF THE GOODS TO BB LEASING, AS WELL AS TO SUPPORT ALL CHARGES, INCLUDING AND MAINLY THE ONES OF PECUNIARY NATURE, WHICH HAVE BEEN ORIGINATED FROM OBLIGATIONS CONTRACTED BY BB LEASING WITH THIRD PARTIES DUE TO THIS CONTRACT, AS WELL AS THE TOTAL AMOUNT OF THE TAXES WHICH SHALL BE DUE BY BB LEASING DUE TO THE NON-CHARACTERIZATION OF THE TRANSACTION, IF THE SETTLEMENT OCCURS PRIOR TO THE FULFILLMENT OF THE MINIMUM TERM OF THE LEASE TRANSACTION AND ALSO TO INDEMNIFY BB LEASING FOR THE AMOUNT CORESPONDING TO THE VPE, THE PROVISIONS OF SECOND PARAGRAPH OF CLAUSE RESCISSION BEING COMPLIED.

SECOND PARAGRAPH – IN CASE OF ADVANCE SETTLEMENT OF THE LEASE SALE, THE LESSEE SHALL OWE THE PAYMENT OF THE TARIFF RELATIVE TO THE ADVANCE SETTLEMENT OF THE CONTRACT. THE REFERRED TARIFF IS CONTAINED ON THE TABLE OF TARIFFS OF BANK SERVICES- LEGAL ENTITY, WHICH IS AVAILABLE IN ANY BRANCH OF BANCO DO BRASIL OR EVEN AT THE PORTAL OF BANCO DO BRASIL ON THE INTERNET (www.bb.com.br). THE LESSEE WARRANTS THAT IT IS AWARE THAT SAID DEBITS SHALL BE INFORMED TO IT BY MEANS OF A

 

  

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Continued – FINANCIAL LEASE SALE CONTRACT nr. __, celebrated on this date between BB LEASING S.A. – Arrendamento Mercantil and CIMCORP COMERCIO INTERNACIONAL E INFORMATICA S.A., in the budgeted amount of R$ 607.351,80, with a final due date in thirty-six (36) months on a date to be defined by the time of the TRA issuance.

DEBIT NOTE AND/OR NOTE ON THE CURRENT ACCOUNT BANK STATEMENT.

THIRD PARAGRAPH - THE MICRO COMPANIES AND SMALL COMPANIES SHALL BE EXEMPT FROM THE TARIFF AS DESCRIBED IN THE SECOND PARAGRAPH OF THIS CLAUSE AS PER THE COMPLEMENTARY LAW 123, OF DECEMBER 14, 2006, AS SET BY RESOLUTION 3.516 OF THE BANCO CENTRAL DO BRASIL (CENTRAL BANK OF BRAZIL), OF 12.06.2007.

FOURTH PARAGRAPH - THE LESSEE AUTHORIZES BB LEASING, IRREVOCABLY AND IRRETRACTABLY, TO DEBIT FROM ITS CURRENT ACCCOUNT OF DEPOSITS AT BANCO DO BRASIL SA, THE AMOUNT THAT CORRESPONDS TO THE DUE TARIFFS, SUCH AS: A) CONTRACTING; B ) AMENDMENTS IN GENERAL, SUCH AS SUBSTITUTION OF THE LESSEE, OF GUARANTEE, OF THE LEASED GOOD AND AMENDMENT IN THE REPLACEMENT SCHEDULE, AMOUNG OTHER AMENDMENTS AND THE COLLECTION SHALL ONLY BE MADE IF THE RENDERING OF THE SERVICE OCCURS; C) ADVANCE SETTLEMENT, AS LISTED IN SECOND PARAGRAPH OF THIS CLAUSE. THOSE TARIFFS SHALL BE THOSE CURRENT AT THE TIME OF THE EVENT AND SHALL BE DESCRIBED ON THE TABLE OF TARIFFS OF BANK SERVICES, WHICH SHALL BE AVAILABLE IN ANY BRANCH OF BANCO DO BRASIL S.A.

EIGHTEENTH – SETTLEMENT / ADVANCE AMORTIZATION – In case of filing for settlement or advance amortization of the installment, the amount to be settled or amortized shall be calculated by means of the capital loss of the installment to be due, applying, for such, the discount rate calculated as regulated by the Banco Central do Brasil (Resolution CMN 3.516, of December 06, 2007), hereinafter detailed: a) for contracts whose term counted from the date of the request for settlement/ advance amortization, including, up to the final due date, exclusive, is of up to twelve (12) months, the discount rate will be equal to the rate contracted in item “LEASE CONDITIONS”, annualized in exponential form – twelve (12) months; b) for contracts whose term counted from the date of the contracting, including, up to the date of the request for settlement/ advance amortization, exclusive, is of up to seven (7) days, the discount rate shall be equal to the contracted rate as per the item “LEASE CONDITIONS”, annualized in exponential form – twelve (12) months; c) in the other cases, the discount rate shall be equal to the rate contracted in the exponential form –

twelve (12) months minus the Selic Average Rate (TMS) disclosed by the Banco Central do Brasil for the business day that is immediately prior to the contracting date, plus the Selic Average Rate (TMS) disclosed by the Banco Central do Brasil for the business day that is immediately prior to the date of the request for settlement/ advance amortization.

 

  

11

  

 

	
Continued – FINANCIAL LEASE SALE CONTRACT nr. _, celebrated on this date between BB LEASING S.A. – Arrendamento Mercantil and CIMCORP COMERCIO INTERNACIONAL E INFORMATICA S.A., in the budgeted amount of R$ 607.351,80, with a final due date in thirty-six (36) months on a date to be defined by the time of the TRA issuance.

NINETEENTH – NON-CHARACTERIZATION OF THE TRANSACTION – Once the non-characterization of the transaction is configured as provisioned in this present agreement due to the unilateral initiative by the LESSEE, this declares it is aware it shall be subjected to the loss of the respective fiscal – tax benefits, and also being liable for any costs that this act causes to BB LEASING, and this latter being exempt from any liability in this respect.

TWENTIETH - EXPENSES – In case one of the parties makes expenses due to the charging of the obligations as agreed in this instrument, the other party shall reimburse the spent amounts, duly corrected by the accumulated variation of the TR or another index that may legally replace it, in the period between the date of the disbursement and of the effective reimbursement, regardless of the procedural costs, including attorney’s fees which may be set in court, if the amounts are settled by means of judicial proceeding.

TWENTY FIRST – CONTRACT RESCISSION – In case of rescission of the present contract required by BB LEASING, due to reasons that are different from the ones as provisioned in this document, this shall indemnify the LESSEE for the amount corresponding to the Amount of the Stipulated Loss – VPE and a penalty of ten percent (10%) over this amount, due to the reason of rescission and the LESSEE shall return the GOOD(S) to BB LEASING as per the conditions as set in this contract.

TWENTY SECOND- ASSIGNMENT OF RIGHTS – THE LESSEE SHALL NOT ASSIGN OR TRANSFER THE RIGHTS AND OBLIGATIONS ORIGINATED FROM THIS CONTRACT, WITHOUT THE PRIOR AND EXPRESS CONSENT BY BB LEASING.

SOLE PARAGRAPH – BB LEASING SHALL, AT ANY TIME, TRANSFER, GIVE IN PLEDGE, ASSIGN THE RIGHTS, TITLES, GUARANTEESS OR INTERESTS TO THIRD PARTIES, BY NOTIFYING THE LESSEE, AND THE LATTER SHALL BE LIABLE FOR THE FAITHFUL FULFILLMENT OF THIS CONTRACT.

TWENTY THIRD- OWNERSHIP RIGHTS- the LESSEE shall unconditionally protect the direct ownership it holds over the goods object of this contract, in such a way that, if they are incurred into or may incur into embarrassment or confusion, whether or not grounded at law, as well as any other action by third parties which aims at hindering that ownership, the LESSEE shall adopt, all necessary measures, including judicial ones, so as to safeguard the GOOD(S) and/or the referred possession, and shall promptly communicate the fact to BB LEASING which may assist the LESSEE in the eventful claim which has been filed, the LESSEE being liable for all expenses therefrom.

  

12

  

 

	
Continued – FINANCIAL LEASE SALE CONTRACT nr. __, celebrated on this date between BB LEASING S.A. – Arrendamento Mercantil and CIMCORP COMERCIO INTERNACIONAL E INFORMATICA S.A., in the budgeted amount of R$ 607.351,80, with a final due date in thirty-six (36) months on a date to be defined by the time of the TRA issuance.

FIRST PARAGRAPH- In case of negligence relative to the measures to be taken as described in “caput” of this CLAUSE, THE LESSEE shall be fully liable for the damages which may be incurred to BB LEASING.

SECOND PARAGRAPH- THE TOTAL OR PARTIAL EXPROPRIATION OF THE GOOD(S), OBJECT OF THIS CONTRACT, SHALL WAIVE AND HOLD BB LEASING HARMLESS FROM THE OBLIGATIONS AGREED IN THIS CONTRACT AND THE LESSEE SHALL WITHIN THE MAXIMUM TERM OF TEN DAYS, TO COUNT FROM THE EXPROPRIATION ACT, PAY THE AMOUNT OF THE CONSIDERATIONS DUE, AS WELL AS ALL CHARGES AS ESTIMATED IN THE PRESENT CONTRACT, THAT DUE TO THE ACT OF PUBLIC POWER, IS EXTINGUISHED, HOWEVER REIMBURSING THE LESSEE FOR THE AMOUNT OF THE INDEMNITY PAID BY THE EXPROPRIATING PUBLIC POWER, THE AMOUNT OF THE ESTIPULATED LOSS AND THE PERTINENT EXPENSES BEING DEDUCTED.

TWENTY-FOURTH – THE LESSEE’S RIGHTS- IT SHALL BE ENSURED THAT THE LESSEE AT THE END OF THE CONTRACT TERM PROVIDED IT IS STRICTLY COMPLIANT WITH THE CONTRACTUAL OBLIGATIONS, MAY PERFORM ONE OF THE FOLLOWING OPTIONS: A) TO RENEW THE PRESENT CONTRACT FOR THE TERM AND CONDITIONS AS MUTUALLY AGREED WITH BB LEASING; B) TO BUY THE TOTAL OF THE GOOD(S), OBJECT OF THIS OCNTRACT; OR C) RETURN THE GOOD(S);

TWENTY- FIFTH – BUYING OPTION – THE PURCHASE PRICE, ONCE THE RESPECTIVE OPTION IS PERFORMED BY THE LESSEE AT THE END OF THE CONTRACT, SHALL BE EQUIVALENT TO THE AMOUNT PAID AS VRG, IN THE FORM AS PROVISIONED IN CLAUSE “GUARANTEE RESIDUAL AMOUNT (VRG)”.

TWENTY – SIXTH – RETURN OF THE GOODS – IN CASE OF RETURN OF THE GOOD(S), THE LESSEE SHALL PAY THE AMOUNTS DUE IN THE FORM OF VRG, WHOSE TOTAL AMOUNT IS REFERRED IN THE TRA. THE RETURN OF THE GOOD(S) SHALL BE FULLY LIABLE BY THE LESSEE, WHICH SHALL BEAR THE COSTS INCURRING FROM IT.

FIRST PARAGRAPH – THE GOOD(S) SHALL BE DELIVERED IN THE LOCATION AS INDICATED BY BB LEASING, IN THE SAME CONDITIONS IN WHICH THEY HAVE BEEN RECEIVED BY THE LESSEE, FREE FROM ANY COSTS, ENCUMBRANCES OR RIGHTS OF THIRD PARTIES, AND THE LESSEE SHALL ALSO REMOVE ITS NAME AND/OR IDENTIFICATION CHARACTERISTICS WHICH HAVE BEEN PLACED BY IT. THE RETURN OF THE GOOD(S) WILL BE CHARACTERIZED BY THE SIGNING OF BB LEASING IN THE TERM OF RECEIPT.

 

  

13

  

	
Continued – FINANCIAL LEASE SALE CONTRACT nr. __, celebrated on this date between BB LEASING S.A. – Arrendamento Mercantil and CIMCORP COMERCIO INTERNACIONAL E INFORMATICA S.A., in the budgeted amount of R$ 607.351,80, with a final due date in thirty-six (36) months on a date to be defined by the time of the TRA issuance.

SECOND PARAGRAPH – ONCE BEING RECEIVED BY BB LEASING, THE GOOD(S) SHALL BE SOLD, SAID FACT THAT THE LESSEE MAY APPOINT THE BUYER, WHO WILL HAVE BUYING PREFERENCE, PROVIDED UNDER THE SAME CONDITIONS AS THIRD PARTIES. THE EXPENSES INCURRING FROM THE SELLING SHALL BE ON THE ACCOUNT OF THE LESSEE.

THIRD PARAGRAPH- BB LEASING, WITHIN THE PERIOD OF TEN (10) DAYS, TO COUNT FROM THE DATE OF THE SALE, SHALL RETURN TO THE LESSEE THE NET AMOUNT OF THE SALE, THE EXPENSES OF WHICH ALREADY DEDUCTED AS WELL AS ANY DEBT WHICH IS STILL PENDING BY THE LESSEE.

TWENTY-SEVENTH – SUBSTITUTION OF THE GOOD(S) – THE LESSEE, BEARING THE COSTS, AND INCLUDED IN THOSE COSTS THOSE EXPENSES WITH THE PAYMENT OF EVENTFUL TAXES, MAY REPLACE, IN FULL OR PARTIALLY, THOSE GOODS OBJECT OF THIS CONTRACT FOR OTHER ONES OF THE SAME NATURE, WHICH BETTER FULFILL THEIR NEEDS, PROVIDED THIS IS EXPRESSLY AND PREVIOUSLY AUTHORIZED BY BB LEASING, AND IN SAID CONDITION, THE AMENDMENT TO THE PRESENT CONTRACT SHALL BE FORMALIZED.

TWENTY-EIGHTH- REMANING BALANCE – EVENTFUL DEBITS THAT EXIST AFTER THE TERMINATION OF THE CONTRACT TERM SHALL BE SETTLED BY THE LESSEE ON THE DATE OF ITS PRESENTATION, IN CURRENCY

TWENTY –NINTH – PRESERVATION OF THE RIGHTS – All rights of BB Leasing herein set are cumulative and may be used simultaneously or separately, and being understood that the performance of any of them shall not be considered an election of said right with the purpose of preventing or excluding the performance of any other. The eventful tolerance or concession of BB Leasing shall not imply into novation or contractual amendment, and neither shall it hinder from performing at any time those rights which are ensured to it as per this contract.

THIRTIETH – GENERAL PROVISIONS – a) Being movable goods, those ones may only be transited outside the national territory by means of prior understanding and authorization, in writing, by BB LEASING; b) ANY FISCAL DEBTS, PENALTIES OR TRAFFIC BREACHES, RELATIVE TO VEHICLES OR TO THEIR USE, AS PER THE PROVISIONS OF THE BRAZILIAN TRAFFIC CODE, LAW NR. 9.503, OF 09.23.97, SHALL BE SOLELY LIABLE TO THE LESSEE OR TO THE EVENTFUL ASSIGNEE WHO MAY BE APPOINTED FOR THE USE OF THE LEASED GOOD(S); c) IF THE REAL ESTATE BELONGS TO THE LESSEE AND THIS ONE WISHES TO MORTAGE IT OR TAX IT, IT SHALL DELIVER TO BB

 

  

14

  

 

	
Continued – FINANCIAL LEASE SALE CONTRACT nr. __, celebrated on this date between BB LEASING S.A. – Arrendamento Mercantil and CIMCORP COMERCIO INTERNACIONAL E INFORMATICA S.A., in the budgeted amount of R$ 607.351,80, with a final due date in thirty-six (36) months on a date to be defined by the time of the TRA issuance.

LEASING, PRIOR TO THE CONSTITUTION OF THE BURDEN, THAT DECLARATION OF THE GUARANTEE BENEFICIARY, AS PER THE TERMS OF THIS CLAUSE, AND IT SHALL CONTAIN THE DECLARATION OF THE INSTRUMENT THAT INSTITUES THE BURDEN; d) THE LESSEE SHAL SEND BALANCE SHEETS, MINUTES AND OTHER INFORMATION THAT BB LEASING MAY REQUEST; e) THE QUANTITIES RECEIVED, DUE TO THIS CONTRACT, SHALL BE OBLIGE THE PAYMENT OF THE COSTS HEREUNDER DETAILED AND IN THE FOLLOWING ORDER OF PREFERENCE : I) INDEMNITIES, JUDICIAL OR EXRAJUDICIAL EXPENSES AND ATTORNEY’S FEES PAID BY BB LEASING DUE TO THE JUDICIAL DECISIONS MADE IN CIVIL LIABLITY SUIT AGAINST IT FILED BY THIRD PARTIES; II) EXPENSES AND ANY OTHER CHARGES SUPPORTED BY BB LEASING, WHETHER DUE TO THIS CONTRACT OR DUE TO OWNERSHIP, AVAILABILITY, USE AND REMITTANCE OF THE GOOD(S), RELATIVE TO INSURANCE, EMOLUMENTS, LICENSES, TAXES AND FEES AS PROVISIONED OR WHICH SHALL BE PROVISIONED BY THE LAW, REGARDLESS OF THE NATURE, AS WELL AS PENALTIES AND INTEREST IN ARREARS RESULTING FROM THE DEFAULT OF THE EXPENSES IN THE DUE TIME PERIOD; III) LEASE COST, COMMISSION, OTHER ANCILLARY ONES, PRINCIPAL DUE AND PRINCIPAL TO BE DUE.

THIRTY- FIRST – EFFECTS OF THE CONTRACT – This contract shall bind BB LEASING, the LESSEE, Assignees, GUARANTORS, INTERVENIENT PARTIES, as well as their respective heirs and successors.

THIRTY -SECOND- CALL CENTER - For eventful information, suggestions, complaints or any other clarifications which are deemed as necessary relative to this LEASE SALE CONTRACT, BB LEASING provides the LESSEE the following telephone numbers of Banco do Brasil S.A.:

BB-CABB Call Center:

- For capital cities and metropolitan regions: 4004 0001;

- Other regions: 0800 729 0001;

SAC – Customer Call Service: 0800 729 0722;

Call Center to people with hearing or speech disability: 0800 729 0088;

BB Ombudsman: 0800 729 5678.

THIRTY – THIRD – THE COURT AND PLACE OF PAYMENT - The contracting parties acknowledge and warrant that the Court elected to clarify questions originated from this Contract and of its Amendments shall be the domicile of the LESSEE or of the location of the GOOD(S).

THIRTY-FOURTH – This Document is also signed by: IOCO SATO SAUKAS, xxx, Identify Card nr xxx, issuance department SSP

 

  

15

  

 

	
Continued – FINANCIAL LEASE SALE CONTRACT nr. __, celebrated on this date between BB LEASING S.A. – Arrendamento Mercantil and CIMCORP COMERCIO INTERNACIONAL E INFORMATICA S.A., in the budgeted amount of R$ 607.351,80, with a final due date in thirty-six (36) months on a date to be defined by the time of the TRA issuance.

SP, CPF nr. xxx, domiciled at and her spouse JURI SAUKAS, Identify Card nr __, issuance agency SSP- SP, CPF nr. __domiciled at, TADEU VANI FUCCI, Identify Card nr xxx, issuance agency SSP-SP, CPF nr. __, domiciled at and his spouse MARILENA SENNE SOARES FUCCI, Identity Card nr. xxx, issuance agency – SSP-SP, CPF nr. __, domiciled at xxx, in the capacity as GUARANTORS and major payers, this guarantee being absolute, irrevocable, irretractable and unconditional, and no type of exoneration allowed, the guarantors expressly waiving to the benefits of the articles 827, 830, 834, 835, 837, 838, all from the Brazilian Civil Code, jointly being liable for the fulfillment of all obligations undertaken by the LESSEE as per this instrument.

This document is signed in three (3) counterparts, with the undersigned witnesses.

SÃO PAULO – SP, June 1st, 2009.

BB LEASING

BB LEASING S.A. – ARRENDAMENTO MERCANTIL

CNPJ: 

Signature:

HENRIQUE ALBERTO ALMIRATES JUNIOR, CPF holder nr. Xxx  and ID card nr. xxx / SSP issued on residing and domiciled in 

LESSEE:

CIMCORP COMERCIO INTERNACIONAL E INFORMATICA S/A

CNPJ: 

Signature

JURI SAUKAS, residing and domiciled in SÃO PAULO – SP, ID holder nr. __/ SSP SP and enrolled at the CPF nr. __

Signature:

TADEU VANI FUCCI, residing and domiciled in

SÃO PAULO-SP, ID holder nr. __/ SSP- SP and enrolled at the CPF nr.__.

 

  

16

  

GUARANTORS

 

 

	Signature:      	Initials:
	

IOCO SATO SAUKAS

	 
	

CPF: 

	 
	 	 
	Signature:      	Initials:
	

JURI SAUKAS

	 
	

CPF nr. __

	 
	 	 
	Signature:      	Initials:
	

TADEU VANI FUCCI

	 
	

CPF: 

	 
	 	 
	Signature:      	Initials:
	

MARILENA SENNE SOARES FUCCI

	 
	

CPF: 

	 

 

WITNESSES

 

	Name: 	Name: 
	CPF:  	CPF:  

 

  

17

  

 

	BB LEASING   	 	Term of receipt and Acceptance – TRA	 
	 	 	Contract nr. 201.429	 
	 	 	 	 

 

We declare, for all legal purposes, that we received and accepted, fully and definitively, the GOOD(S) as hereunder listed, which are in compliance with the specifications contained in the referred contract, in perfect usage conditions and in perfect operation, and BB LEASING shall be held harmless from any liability due to the occurrence of vice or defect of any nature, including those hidden redhibitory vices.

 

	
Contract Amount – R$

(including commitment fee, if financed)

604.861,99

	
Total original amount of the contract – R$

(amount of the considerations)

513.344,16

	
Base amount of consideration – R$

14.259,56

	
Quantity of Installments

36

	
Contract Term

Months   days

36              9

	
Advance Amount – R$

(base amount)

                     0,00

	
VRG Final – R$

(base amount)

 

                     0,00

	
VRG Diluted – R$

(base amount)

 

                7.224,74

	
Number of installments

 

     36

	
Base amount of the monthly installment – R$

(base amount of the considerations – base amount VRG diluted)

                             21.484,30

	
Date of first installment

 

     08/05/2009

Good(s):

Description

INFORMATICS EQUIPMENT

	
Brand

DELL

	
Model

AS PER ATTACHMENT

	
Year it was Manufactured

2009

	
Color

	
Chassis/series

AS PER ATTACHMENT

	
Supplier

DELL COMPUTADORES DO BRASIL LTDA.

	
Invoice / receipt nr.

87026

	
Date:

06/20/2009

 

  

18

  

 

Description:

INFORMATICS EQUIPMENT

	
Brand

DELL

	
Model

AS PER ATTACHMENT

	
Year it was Manufactured

2009

	
Color

	
Chassis/series

AS PER ATTACHMENT B

	
Supplier

DELL COMPUTADORES DO BRASIL LTDA.

	
Invoice / receipt nr.

66371

	
Date:

06/05/2009

Description:

INFORMATICS EQUIPMENT

	
Brand

DELL

	
Model

AS PER ATTACHMENT

	
Year it was Manufactured

2009

	
Color

	
Chassis/series

AS PER ATTACHMENT C

	
Supplier

DELL COMPUTADORES DO BRASIL LTDA.

	
Invoice / receipt nr.

74091

	
Date:

06/15/2009

  

19

  

 

Description:

INFORMATICS EQUIPMENT

	
Brand

DELL

	
Model

AS PER ATTACHMENT

	
Year it was Manufactured

2009

	
Color

	
Chassis/ series

AS PER ATTACHMENT D

	
Supplier

DELL COMPUTADORES DO BRASIL LTDA.

	
Invoice / receipt nr.

74119

	
Date:

06/15/2009

Description:

INFORMATICS EQUIPMENT

	
Brand

DELL

	
Model

AS PER ATTACHMENT

	
Year it was Manufactured

2009

	
Color

	
Chassis/series

AS PER ATTACHMENT E

	
Supplier:

DELL COMPUTADORES DO BRASIL LTDA.

	
Invoice / receipt nr.

75164

	
Date:

06/15/2009

Location and date:

SÃO PAULO, JUNE 26th, 2009.

Lessor: BB Leasing S.A. – Arrendamento Mercantil

CNPJ : 31.546.476/0001-56

  

20

  

Name: HENRIQUE ALBERTO ALMIRATES JUNIOR

CPF: 

Nationality: BRAZILIAN

Marital Status: 

Profession: 

Residence/ Domicile: 

Identity Card:  

Issuance Agency/ State: 

Lessee: CIMCORP COMERCIO INTERNACIONAL E INFORMATICA SA

CPF/CNPJ: 

Name: JURI SAUKAS

CPF: 

NATIONALITY: 

Marital Status: 

Profession – 

Residence/Domicile: 

Identity Card: 

Issuance Agency/ State – 

 

Name: TADEU VANI FUCCI

CPF: 

Nationality: 

Marital Status- 

Profession – 

Residence/ Domicile –

Identity Card: 

Issuance body/ State:  

Guarantors

Name: IOCO SATO SAUKAS

CPF: 

Nationality: 

Marital Status: 

Profession – 

Residence / Domicile: 

Identity Card: 

Issuance Agency/ State – 

 

  

21

  

Name: JURI SAUKAS

CPF: 011.545.328 -87

Nationality: NATURALIZED

Marital Status - MARRIED – COMMUNITY PROPERTY SYSTEM

Profession: PENSIONER

Residence / Domicile: JOANOPOLIS

Identity Card: 2354600

Issuance Agency / State – SSP SP

Name: TADEU VANI FUCCI

CPF: 011.370.698-72

Nationality: BRAZILIAN

Marital Status – MARRIED – COMMUNITY PROPERTY SYSTEM

Profession – ENTREPRENEUR

Residence / Domicile: SÃO PAULO

Identity Card: 4.398.962-7

Issuance Agency / State – SSP SP

Name: MARILENA SENNE SOARES FUCCI

CPF: 035.474.348-15

Nationality: BRAZILIAN

Marital Status MARRIED – SEPARATE PROPERTY SYSTEM

Profession; HOUSEWIFE

Residence / Domicile: SÃO PAULO

Identity Card: 2.413.391-7

Issuance Body/ State: SSP SP

  

22

  

 

ATTACHMENT TO THE TERM OF RECEIPT AND ACCEPTANCE – TRA

CIMCORP COMERCIO INTERNACIONAL E INFORMATICA SA

LEASING Nr. 201.429

List of the serial numbers

Supplier: DELL COMPUTADORES DO BRASIL LTDA.

CNPJ: 72.381.189/0006-25

	
Description

	
Invoice

	
Serial Number

	  
	
Dell Microcomputer OptiPlex 760 Minitower EPA, Dell Monitor Flat Panel of 17 E178W Wide Screen, Dell keyboard, USB, Quietkey, Portuguese, Opti, Black, Dell Mouse USB two buttons, Media with Drivers and Diagnoses, Roxio Creator Software with Media, Windows Operational System, Windows Vista Business, Cyberlink Power DVD 8.1 with Media, MS Office 2007 Small Business

	
087026

	
1MRY9K1,1NZY9K1, 1PZY9K1, 2MRY9K1, 2NZY9K1,2PZY9K1, 3MRY9K1, 3NZY9K1,3PZY9K1, 4MRY9K1, 4NZY9K1,5LRY9K1, 5MRY9K1, 5NZY9K1,6LRY9K1, 6MZY9K1, 6NZY9K1,7LRY9K1, 7MRY9K1,7MZY9K1,7NZY9K1, 8LRY9K1,8MRY9K1,8MZY9K1, 8NZY9K1, 9LRY0K1,9MRY9K1, 9MZY9K1, 9NZV9K1,BLRY9K1, BMZY9K1, BNZY9K1,CLRY9K1, CMZY9K1, NZY9K1,DLRY9K1, DMZY9K1,DNZY9K1,FLRY9K1, FMZY9K1, FNZY9K1,GLRY9K1, GMZY9K1,GNZY9K1,HLRY9K1, HMZY9K1, HNZY9K1,JLRY9K1, JMZY9K1, JNZY9K1.

	
Dell Microcomputer OptiPlex 760 Minitower EPA, Dell Monitor Flat Panel of 17 E178W Wide Screen, Dell keyboard, USB, Quietkey, Portuguese, Opti, Black, Dell Mouse USB two buttons, Media with Drivers and Diagnoses, Roxio Creator Software with Media, Windows Operational System, Windows Vista Business, Cyberlink Power DVD 8.1 with Media, MS Office 2007 Small Business

	
066371

	
1JSY8K1, 1KSY8K1, 2JSY8K1, 2KSY8K1, 3JSY8K1, 3KSYSK1, 4JSY8K1, 4KSY8K1, 5JSY8K1, 5KSY8K1, 6JSY8K1, 6KSY8K1, 7JSY8K1, 7K5Y8K1, 8JSY8K1, 8KSY8K1, 9JSYSK1, 9KSYSK1, BJSV8K1, BKSY8K1, CJSY8K1, CKSY8K1, DJSY5K1, DKSY8K1, FJSY8K1, FKSY8K1, GJSY8K1, GKSY8K1, HJSY8K1, JJSY8K1

	
Dell Microcomputer OptiPlex 760 Minitower EPA, Dell Monitor Flat Penel of 17 E178W Wide Screen, Dell keyboard, USB, Quietkey, Portuguese, Opti, Black, Dell Mouse USB two buttons, Media with Drivers and Diagnoses, Roxio Creator Software with Media, Windows Operational System, Windows Vista Business, Cyberlink Power DVD 8.1 with Media, MS Office 2007 Small Business

	
074091

	
16PB9K1, 17PB9K1, 18PB9K1, 26PB9K1, 27PB9K1, 28PB9K1, 36PB9K1, 37PB9K1, 38PB9K1, 46PB9K1, 47PB9K1, 48PB9K1, 55PB9K1, 56PB9K1, 57PB9K1, 58PB9K1, 65PB9K1, 66PB9K1, 67PB9K1, 68PB9K, 75PB9K1, 76PB9K1, 77PB9K1, S5PB9K1, 86PB9K1, 87PB0K1, 95PB9K1,96PB9K1, 97PB9K1, B5PB9K1, 6PB9K1, B7PB9K1,C5PB9K1,C6PB9K1, C7PB9K1,D5PB9K1,

D6PB9K1,D7PB9K1,F5PB9K1,

F6PB9K1, F7PB9K1, G5PB9K1,G6PB9K1, G7PB9K1,H5PB9K1,

H6PB9K1, H7PB9K1, J5PB9K1, J6PB9K1, J7PB9K1.

 

 

  

23

  

 

	
Dell Microcomputer OptiPlex 760 Minitower EPA, Dell Monitor Flat Penel of 17 E178W Wide Screen, Dell keyboard, USB, Quietkey, Portuguese, Opti, Black, Dell Mouse USB two buttons, Media with Drivers and Diagnoses, Roxio Creator Software with Media, Windows Operational System, Windows Vista Business, Cyberlink Power DVD 8.1 with Media, MS Office 2007 Small Business

	
074119

	
12PB9K1, 13KB9K1, 14KB9K1, 15KB9K1, 22PB9K1, 23KB9K1, 24KB9K1, 25KB9K1, 33KB9K1, 34KB9K1, 35KB9K1, 43KB9K1, 44KB9K1, 53KB9K1, 54KB9K1, 63KB9K1, 64KB9K1, 73KB9K1, 74KB9K1, 83KB9K1, 84KB9K1,

93KB9K1, 94KB9K1, B1PB9K1,

B3KB9K1, B4KB9K1, C1PB9K1,

C2KB9K1, C3KB9K1, C4KB9K1,

D1PB9K1, D2KB9K1,D3KB9K1,

D4KB9K1, F1PB9K1, F2KB9K1,

F3KB9K1, F4KB9K1, C1PB9K1,

G2KB9K1,G3KB9K1,G4KB9K1,

H1PB9K1, H2KB9K1,H3KB9K1,

H4KB9K1, J1PB9K1, J2KB9K1,

J3K59K1, J4KB9K1.

 

	
Dell Microcomputer OptiPlex 760 Minitower EPA, Dell Monitor Flat Penel of 17 E178W Wide Screen, Dell keyboard, USB, Quietkey, Portuguese, Opti, Black, Dell Mouse USB two buttons, Media with Drivers and Diagnoses, Roxio Creator Software with Media, Windows Operational System, Windows Vista Business, Cyberlink Power DVD 8.1 with Media, MS Office 2007 Small Business

	
075164

	
13PB9K1, 14PB9X1, 15PB9K1,

23PB9K1, 24PB9K1, 25PB9K1,

32PB9K1, 33PB9K1, 34PB9K1,

35PB9K1, 42PB9K1, 43PB9K1,

44PB9K1, 45PB9K1, 52PB9K1,

53PB9K1, 54PB9K1, 62PB9K1,

63PB9K1, 64PB9K1, 72PB9K1,

73PB9K1, 74PB9K1, 82PB9K1,

83PB9K1, 84PB9K1, 92PB9K1,

93PB9K1, 94PB9K1, B2PB9K1,

B3PB9K1, B4PB9K1, C2PB9K1,

C3PB9K1, C4PB9K1,D2PB9K1,

D3PB9K1, D4PB9K1,F2PB9K1,

F3PB9K1, F4PB9K1, G2PB9K1,

G3PB9K1, G4PB9K1,H2PB9K1,

H3PB9K1, H4PB9K1,J2PB9K1,

J3PB9K1, J4PB9K1.

  

24

  

Witnesses:

Name:

CPF:

Name:

CPF:

  

25

  

 

BB Leasing S.A Arrendamento Mercantil

CNPJ:

 

	Signature:      	Initials:
	

Name: HENRIQUE ALBERTO ALMIRATES JUNIOR

	 
	

CPF: 

	 

Lessee: CIMCORP COMERCIO INTERNACIONAL E INFORMATICA SA

CNPJ: 59.773.416/0001 -95

 

	Signature:      	Initials:
	

Name: JURI SAUKAS

	 
	

 
CPF: 

	 
	 	 
	Signature:      	Initials:
	

Name: TADEU VANI FUCCI     

	 
	

 
CPF: 

	 

Guarantors

 

	Signature:      	Initials:
	

Name: IOCO SATO SAUKAS

	 
	

 
CPF: 

	 
	 	 
	Signature:      	Initials:
	

Name: JURI SAUKAS

	 
	

 
CPF: 

	 
	 	 
	Signature:      	Initials:
	

Name: TADEU VANI FUCCI

	 
	

 
CPF: 

	 
	 	 
	Signature:      	Initials:
	

Name: MARILENA SENNE SOARES FUCCI 

	 
	

 
CPF: 

	 

  

26

  

 

Witnesses

 

	Name:	 	Name:	 
	CPF:  	 	CPF:  	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

27Unassociated Document

Exhibit 10.58

 

SAFRA PRE-FIXED LEASING AGREEMENT

Agency Code:

N. agreement

Local - Issuance

Date:

I . Lessor: SAFRA LEASING S/A ARRENDAMENTO MERCANTIL, with head offices in Poá, SP, at Av. Brasil 78, enrolled with CNPJ under n. xxx, hereinafter referred to as Lessor.

II. Lessee: CIMCORP COM. INT. E INFORM. S/A, [with head offices in] Santana de Parnaíba, SP, at Av. Brasil 392 s 01, Jardim São Luiz, Zip Code 06502-210, [enrolled with] CNPJ n. xxx

III. Guarantor: TADEU VANI FUCCI, [domiciled in the city of] São Paulo, SP, at xxx, [enrolled with] CPF n. xxx.

IV. Custodian:  TADEU VANI FUCCI, [domiciled in the city of] São Paulo, SP, at xxx, [enrolled with] CPF n. xxx.

V. Leasing Features:

01 - Budgeted amount of goods: R$ 771,593.02

02 – Duration: 36 months

03 - Financial obligations due

() at each    () According to TRAF

04 - Expiration of the first financial obligation

() in the beginning of lease ()in    days from the beginning of lease () According to TRAF

05 – Payment plan:

I – At sight:

VRG installments %

Consideration %

Total percentage at sight %

II – During the agreement:

VRG installments: 2,75000%

Payment phase: from 01 to 36

Consideration: 0,78553%

Payment phase: from 01 to 36

III – At the end of the agreement:

VRG final installment:

IV - The Price for Lease with Option to Buy (equal to the sum of the installments of VRG) is defined in terms of Receiving, Acceptance and Closure (TRAF) bound by this Agreement

06 – Commitment Fee

A ()

B () Monthly payment

C () Monthly capitalized and added to the disbursement amounts on acquisitions of goods

07 – Fees

07.1 – Registration fee – R$

07.2 – Emission and postage of slip payment fee – R$      per slip.

08 – Leased goods: Computer Equipment

09 – Notes

09.1 - The VRG acronym used in this agreement means Guaranteed Residual Value.

09.2 - The acronym TRAF used in this agreement means Terms of Receipt, Acceptance and Closure.

09.3 - Whenever reference is made herein to the Guaranteed Residual Value, it is understood that such amount includes the sum of the paid installments of the VRG at sight during and at the end of the Agreement.

09.4 – The beginning of the lease is understood as the date of TRAF signature embodied in the receipt of leased goods by Lessee.

 

  

1

  

WHEREAS:

A - Characteristics and Basic Conditions of Business are as follows: the present Lease Agreement ("Agreement") is of financial nature, in which Lessor undertakes to acquire and lease goods to Lessee for use at Lessee's own choice by the term stipulated in field 02 of Table V at the end of which the Lessee may choose one of the following three alternatives: (i) acquisition of goods through payment of the Price for Lease with Option to Buy according to the field 05 of Table IV above or (ii) renewal of the Agreement or (iii) termination of the Agreement, being Lessee obliged to return the Leased goods and to guarantee payment to Lessor as contractually established by the minimum value which shall be received by Lessor in reason of sale of such Leased goods to third parties as set forth in section (C) below, this value hereafter as "Guaranteed Residual Value" or "VRG".

B – Formation of Lease Price is as follows: The consideration for lease value does not depend on supply and demand of goods for sale, but is subject to a financial equation, in which are considered (i) the amount paid by Lessor to acquire the goods and put them available to Lessee; (ii) the Lease term; (iii) the VRG and the prediction or not of VRG installments over the term of the Agreement, and the leasing rate used in the business. Equal goods or of equal value, therefore, may have very different lease prices depending on these variables. The lease rate includes the financial costs supported by Lessor plus the proper return of investment.

C – Definition of  Guaranteed Residual Value is as follows: According to the Ministry of Finance Ordinance No 564 of 03/11/1978, the VRG consists of (i) the price quoted in TRAF corresponding to this Agreement and which is referenced in the field 05-IV of Table V above, stipulated for  exercise of option to buy and to be paid by Lessee or (ii) in case of non-exercise of option by Lessee or early termination of the Agreement for breach of any financial obligation thereunder or for any other reason, in the amount contractually guaranteed by Lessee at a minimum due to Lessor in  sale of goods leased to third parties. At rest, in case of lease renewal by Lessee at the end of the term of the Agreement, the VRG shall correspond to the basic value for calculation of considerations that shall apply for a period of renewal, and

D - VRG Installments paid over the term of the Agreement shall be allocated as follows: If during the term of the Agreement the payment of part of VRG by Lessee was agreed upon, whether it occurs early in the Agreement, whether during the lease period, the values ​​of those VRG installments shall necessarily be considered in the cost of the lease provision, reducing the cost due to mathematic influence by calculating the lease financial cost. These values ​​shall be accounted for by Lessor under the Ordinance of the Ministry of Finance No 140 of 27/07/1984.

THEREFORE, THE PARTIES DECIDE TO ENTER INTO BY AND BETWEEN  THIS AGREEMENT THAT SHALL BE GOVERNED BY THE PROVISIONS OF LAW 6.099/74, THE NATIONAL MONETARY COUNCIL RESOLUTION 2.309/96, THE ADMINISTRATIVE RULES OF THE MINISTRY OF FINANCE 564/78 AND 140/84, AS AMENDED, BEYOND THE FOLLOWING TERMS AND CONDITIONS:

1 – PURPOSE – Lessor has acquired on lease and gives the Lessee the Goods described in field “08" of Table "V" in the Preamble and in the Term of  Receiving, Acceptance and Closure (TRAF), hereinafter referred to as Goods. Such Goods shall remain in the custody, deposit and responsibility of the person named in the "IV" of the preamble, who signs this Agreement as the Custodian, stating that he assumes all responsibilities and duties assigned to him in accordance with the civil and criminal law.

2 – DURATION - The lease term is that of field "02" of Table "V" in the preamble, beginning on the date of receipt and acceptance specified in the TRAF, which is an integral part of this Agreement. Once the lease is ended, Goods must be returned in normal use, in the place indicated by Lessor unless the option to buy or renew is exercised by Lessee.

3 – MAXIMUM DATE THE LEASE IS TO START - The Parties agree that the object of this Agreement shall be initiated within 30 (thirty) days from the date hereof. After this period and if the lease has not been initiated through no fault of Lessor, this will be released from regarding this transaction and may consider this Agreement ended by operation of law by simple notification to Lessee, and the Lessee shall reimburse Lessor for any amount spent by it, plus charges and costs due from disbursement and of the commitment fee set forth in Clause 6, plus charges for late payment set out in Clause 8.

4 – FINANCIAL OBLIGATIONS AND OTHER CHARGES AND EXPENSES – Financial Obligations are named herein as being all lease payment obligations as due under the Preamble and the TRAF, as well as VRG, whether it be due at the end, whether it should be paid by installments and / or during the lease term being due or not together with any amounts of the lease as set forth in the preamble and TRAF.

First Paragraph - The Lessee acknowledges that all needed resources to acquire the Leased goods were taken by Lessor through loans or other forms of fundraising directly or indirectly employed through financial institutions and entities based in the country. Thus, if any changes  in legislation or regulations, or any other form of government intervention in assets or liabilities in force into financial market occur, such as but not limited to pricing and freezing contingencies, suspension, denial or cancellation of updates or charges, rate increase, creation, change in base calculation or period of direct or indirect assessment or taxes or fittings or reserve requirements incidental on such above mentioned financial assets or charges or on this transaction or even if for any reason the financial cost reflected in the financial obligations cease to be adequate to cover the funding costs of  Lessor, then Lessor may recalculate the Financial Obligations aiming to ensure compatibility with the funding costs.

 

  

2

  

Second paragraph - The first and other financial obligation will mature in terms of the preamble and the TRAF which is an integral part hereof.

Third paragraph - Lessee shall receive a booklet by mail containing the payment slips for payment of Financial Obligations owed ​​by it. Such slips shall be paid by Lessee on bank network indicated by Lessor pursuant to respective due dates.

 

Fourth paragraph – If payment slips of financial obligations are not received in a timely manner by Lessee, it does not waive the obligation to pay them on due dates.

Fifth paragraph - It is expressly clarified that the receipt of certain Financial Obligations by Lessor does not mean the discharge of Financial Obligations prior to and / or any other amount due in any way.

Sixth paragraph - The following fees shall also be payable by Lessee : (i) registration fee in the amount indicated in the field "07.01" in Table "V" in the preamble, which shall be included in the value of Financial Obligations, and (ii) payment slips fee for issuing and mailing them in the value indicated in the field "07.2" of same Table "V", which shall be added to the values ​​of Financial Obligations and paid at the time of settlement of each payment slip.

5 – COMMITMENT FEE – During the period between the date of this Agreement and the commencement of the lease term, the commitment fee shall incur on the amounts of disbursements made ​​by Lessor to acquire the Goods calculated with base on the field "06" Table "V" section "a" in the preamble which shall be monthly payable  as defined in sections "b" or "c" in the same field "06" of Table "V", counted from the date of each disbursement on the first day of each month, or calculated in capitalized form and incorporated into the total amount disbursed in the purchase of Goods.

6 – VRG INSTALLMENTS – To Lessor, the VRG shall represent the minimum amount that are expected to be reached by Goods  at the final term of the lease and to Lessee it shall represent the maximum amount for which it may exercise its option to buy. VRG installments paid at the beginning or during the term of the Agreement shall constitute a fraction of a future and eventual exercise of option to buy the Goods and also constitute the installment payment of the guaranteed minimum amounts payable by Lessee in the event of sale of goods to third parties if  Lessee does not exercise the option to buy or in the event of early termination of the Agreement due to a breach of any financial obligation thereunder or for any other reason; on no account the VRG installments paid over the term of the Agreement shall be considered as early exercise of option, applying only the situation referred to in Clause 23 below.

First paragraph – VRG installments shall have the treatment provided for in Ordinance No 140 of 27/07/1984 of the Ministry of Finance and are not deductible from Lessee income tax purposes.

Second Paragraph - In the face of option to pay VRG in installments and on any delay in fulfilling the obligation to pay such installments, Lessee shall incur in breach of agreement and this shall constitute event of early termination of the Agreement. As a consequence of such and in view of provisions set forth in Clause 8, it shall also incur the payment plan internal tax return of this Agreement calculated in capitalized form for purposes of restoration of losses.

Third paragraph - It is understood that, notwithstanding other provisions of this Agreement: a) the VRG installments paid by Lessee shall be retained by Lessor as provided in Clause 23 below until  Lessee complies with all Financial Obligations under this Agreement; b) that, after expiration of  lease,  if Lessee chooses to (b.1) acquire Leased goods it shall pay in addition to the final value of VRG contained in subsection 2.3 of section 2 of TRAF, also the value of the installments contained in section  "a" of subsection 2.2 of item  2 of  TRAF being that such payment shall be carried out by appropriation by Lessor of the amounts paid over the term of the Agreement as set forth in the "caput" of this Clause and its First paragraph, ( b.2) to renew the lease, then Lessor shall continue to exercise the right to retain the amounts paid by Lessee during the term of the Contract during the term extended;  (b.3) to return the Goods Lessor shall return the installments paid over the term of the Agreement but only after the sale of returned Goods to a third party observing the provisions of the First and Second paragraphs of Clause 23 below; c) in addition to the Second Paragraph of this Section, it shall be applied the terms of Section 8 if  late payment of  VRG installments occurs, being understood that such installments, for all purposes of this Agreement, especially billing and execution by default, shall have the treatment of Financial Obligations of which they are part; d) non-payment of  VRG installments on the dates specified shall incur in early maturity of all mentioned installments as well as the maturity of other Financial Obligations that may be charged by Lessor at once, plus charges including final VRG contractually stipulated without prejudice to the legal measures for reintegration in the possession of the Goods, and e) Lessor , in such a case,  is expressly authorized to use the total amount retained by it  in reason of  VRG payment installments aiming to repay any debts of  Lessee.

7 – EARLY SETTLEMENT - Lessee may settle the Financial Obligations under this Agreement in advance, wholly or partially provided that the lapse of at least 2 (two) years if the Leased goods have useful life equal to or less than 5 (five) years, or the minimum 3 (three) years if the Leased goods have useful life greater than 5 (five) years, counting such minimum periods from the date of signature of the TRAF bound by this Agreement, as provided in article 8 of Resolution No.  2309/96 of the National Monetary Council.

 

  

3

  

First paragraph - If Lessee fits as micro or small business that treats the Complementary Law 123 of 14.12.2006, the present value of payments for purposes of depreciation or early settlement, according to current regulations, shall be calculated as follows:

(I) If time elapsing from operation is to be up to 12 (twelve) months at the time of request for repayment or prepayment, with use of charges in this Agreement, or

(II) If  time elapsing from operation exceeds 12 (twelve) months  at the time of early settlement or amortization with use of  a fee equivalent to the sum of spread on the date of the Agreement, with the Selic rate calculated on date of application for repayment or prepayment.

Second Paragraph - For purposes provided in Section II of the first paragraph above, it is understood as: a) spread - the difference between the contracted charges and the Selic rate calculated on the contract date, and b) the Selic rate - the average adjusted funding established in the Special Settlement and Custody (Selic) to federal securities, issued by the Brazilian Central Bank.

Third paragraph - If Lessee does not fit as a micro or small business protected by such Complementary Law 123/2006, the commission indicated in the field "10" of Table "V" of the preamble shall be due at the time of early settlement of Financial Obligations.

Fourth paragraph - Lessee declares itself fully aware that it may not exercise the option to buy the Goods before time expiration limits referred to in the "caput" of this clause, under penalty of this lease operation be considered an installment  purchase and sale operation in which event Lessee shall pay all fiscal impacts resulting from distortion of  such operation, including but not limited to the amounts due under IOF (Tax on Financial Operations) also obliged to reimburse Lessor for any potential damages incurred by it.

8 – ARREARS - In case of delay by Lessee to perform any obligation and without prejudice to other clauses of this Agreement, default interest, monetary correction, interest and penalties on the amounts owed shall incur on payable amounts.

First paragraph – Default interest shall be calculated daily on the unpaid debt from the due date until the day of actual payment in accordance with the rates that Lessor is practicing at the time and in the case of judicial recovery average interest rates cleared by the Brazilian Central Bank shall be due.

Second paragraph - The interest shall be 1% (one percent) per month, calculated daily on the total output current in accordance with the foregoing.

Third paragraph – On debit value calculated as provided in previous paragraphs one and two, a contractual penalty of 2% (two percent) shall incur.

Fourth paragraph - The receipt of principal and any additions, without exception, shall not be considered a discharge of any charges or other amounts due.

9 – ACCOUNT DEBIT – Lessee declares that it is in full agreement with the payment of any sums due by reason of this Agreement without prejudice to other forms of recovery in law that are not prohibited and being done by automatic debit to its bank account with Banco Safra S / A which is irrevocably authorized to transfer the amount charged to Lessor.

10 - PERCENTAGE OF FIELD “05” OF TABLE  “V” OF THE PREAMBLE - The field "05" of Table "V" in the preamble indicates the percentage applied on the final cost of Goods indicated in the TRAF; they provide the initial value of various Financial Obligations. The duration of these percentages is 5 (five) days from the date of issuance of this Agreement. If this time is elapsed and the lease has not been initiated through no fault of Lessor, it shall be waived as to the percentage listed in the field "05" of Table "V" in the preamble, and it may consider to terminate this Agreement and is bound to reimburse directly to Lessee any and all amounts expended by it under this Agreement, plus the commitment fee established in the field "06" of Table "V" in the preamble, plus charges for late payment already defined.

11 - OTHER DUTIES AND RESPONSIBILITIES OF LESSEE - All liens arising from all taxes, fees  or quasi-tax contributions and related increases, changes in basis, or the period of investigation, fines, late charges and adjustments now existing or incidents, or that will be created or focused in future under this Agreement and / or corresponding revenue / gross revenue or net due to Lessor or the acquisition, sale or use of Goods and pose as well as the burden resulting from creation, rate increases, change in the basis of calculation or determination period fittings or reserve requirements incidents directly or indirectly on the fundraising needed to keep this agreement or on the goods of Lessor shall be borne entirely and solely on account of Lessee. Payment of tax burdens and other burdens set out above shall be made by Lessee to the extent and in proportion to the amounts that are owed ​​under this Agreement, whether as principal of Financial Obligation of monetary readjustment, interest, taxes and other funds and the non-payment shall constitute default by Lessee under this Agreement, with the consequences and comminations therein, including but not limited to early maturity. Without prejudice to the foregoing, with respect to the Service Tax (ISS), if any increase in this tax rate is currently in effect, the difference shall be upon Lessee. This tribute shall be paid by Lessee with every Financial Obligation.

 

  

4

  

First paragraph – Licenses, permits and registrations required for use of Goods including any fines that are imposed by the competent authorities for lack of transfer of ownership of Goods to Lessor within the statutory period shall be exclusively borne by Lessee.

Second paragraph - Cost and fees related to registration of this Agreement shall be on account of Lessee before competent Notary’s Office.

Third paragraph - All expenses and charges incurred by Lessor as a result of this Agreement shall be transferred to Lessee.

12 – LICENSING - LICENSING OF LEASED GOODS AND PAYMENT OF IPVA – Subject to compliance with Clause 11 of this Agreement, if  Leased goods consist of  motor vehicle,  Lessee irrevocably and irreversibly  hereby acknowledges to satisfy at its sole responsibility all taxes related to Goods requiring in particular to pay the tax on the ownership of motor vehicles - automobile taxes - in accordance with the terms and conditions in which they are required by State authorities where Lessee keeps its domicile as shown in Table II of the preamble, including any additions and charges for late payment, as provided by law, exempting Lessor from any and all responsibility for fulfilling such tax obligation. Lessee undertakes, furthermore, to submit to Lessor within 5 (five) days of receipt of such request all supporting documents in full satisfaction of all tax and regulatory obligations to which this clause and its paragraphs refer.

First paragraph - Lessee obliges itself to provide all records and obtain all permits required for proper and legal use of the Leased goods in any case and in conditions fixed according to the law before the traffic authorities.

Second paragraph - Lessee obliges itself to submit to Lessor the original copy of the DUT – Transfer Vehicle Ownership of Leased goods on behalf of  Lessor within 5 (five) days counted from this date.

Third paragraph - When performing obligations under the caput of this clause as well as in the paragraphs above, Lessee hereby represents its full and unequivocal science that it should by its own account and risk both to the decline its correct address to finance and traffic authorities as shown in Table II of the preamble, in order to comply with the rules of section IV and of § 1 and article 75 of Law No. 10.406/02.

Fourth paragraph - Lessee hereby represents to be fully and unequivocally aware that any untrue statement of information regarding its domicile both in Table II of the preamble and in any document, form or official instruments used before the finance and transit  authorities for purposes and effects of dealing with the paragraphs above shall feature the invalidity of the declaration, subject to fulfillment of financial obligations assumed by Lessee and Lessor before the authorities by subjecting Lessee and its legal representatives, exclusively, to civil and criminal penalties.

Fifth paragraph - Lessee further unequivocally states to be aware that, upon failure to meet the obligations arising under this clause and also under the Ninth paragraph of Clause 15, notably the obligation to honor the payment of taxes (IPVA) , fines and other charges related to Leased goods and / or the obligation to notify the tax authorities and transit authorities that the tax assessment and / or requirement of any amounts due to proceed on behalf of  Lessee and not on behalf of the Lessor and that given the non-fulfillment of these obligations, Lessor may be sued in any court action and / or tax foreclosure action on requirement of these values ​​obligation of  Lessee; and at its discretion, Lessor shall select one of the following procedures: a) to contest, challenge or overrule the action, by promoting impleader to Lessee aiming to assume the passive pole of the cause with total exclusion of  Lessor out of the cause, or b) to meet the requirement subject of the complaint, and turn against Lessee in different action to require  amounts disbursed, showing the origin and nature of obligations, in which case Lessee is obliged to satisfy them with extra expenditure incurred by Lessor, increased by a 10% (ten percent)-penalty for breach of contract.

 

13 – ACQUISITION OF LEASED GOODS TO BE USED BY LESSEE - Lessor acquired Goods set out in TRAF in accordance with the features and specifications listed by Lessee.

First paragraph - Lessor is not liable for errors and omissions in the specification of Goods provided by Lessee.

Second paragraph - Lessor has contracted acquisition of Goods within suppliers indicated by Lessee, which one is directly delivered to Lessee.

Third paragraph - Lessee, as the only responsible for selecting and indicating Goods and respective suppliers  before Lessor assumes the risks, expenses and charges for shipment, transport, insurance, receiving and installation of Goods as the consequences of any delays in delivery, the risks and burdens for defects presented by Goods and possible differences in specifications.

 

  

5

  

Fourth paragraph - In view of the provisions of "caput" of this clause and the preceding paragraphs, Lessee declares: a) that  negotiation for acquisition of Goods subject to lease were directly entered into by it without any participation by Lessee, not taking any responsibility for this choice of suppliers nor the origin, indication and choice of such Goods; b) that it is responsible for any loss or damage that suppliers may cause to Lessor as a result of above  mentioned purchases;  c) that run at its own risk any burden for all defects in Goods or arising from the mismatch to the characteristic, specification  and quality indicated by Lessee;  d) that because the provisions in letters a), b) and c) above, any and all taxes, fees or contributions, penalties, interest and expenses, which relate or may relate, released or to be released for any reason whatsoever and regardless of cause or origin, arising from this Agreement and the acquisition and / or sale of Goods referred to this instrument, its attachments and accessories shall be paid by and under the sole responsibility of  Lessee and should be supported by it; e)  At any time, Lessee even when the final transfer of domain to Lessee or third party shall be responsible for risk of eviction, these risks by which Lessee assumes full responsibility.

Fifth paragraph - Upon receiving the Goods Lessee shall deliver TRAF duly signed to Lessor within 03 (three) days of such receipt, stating that Goods are in accordance with specifications, properly installed and be kept in good working conditions and no apparent defects or redhibitory defects. This declaration serves as the acceptance of Goods and the final cost indicated in TRAF.

Sixth paragraph:  If Lessee, without just cause, fails to sign the TRAF within the term of fifth paragraph, this agreement shall be terminated by operation of law, applying the provisions of Clause 22 below.

Seventh paragraph - If the supplier for any reason fails to deliver Goods ordered within time enabling the signature of  TRAF in the form above, or to perform insolvency or bankruptcy or  recovery in violation of the order requirements although the lack of strength arises of and even because of  major and unforeseeable or unanticipated circumstances, Lessor shall be relieved of the lease and Lessee will reimburse the total amount of disbursements first made duly adjusted and accrued by the commitment fee and other contractual provisions charges.

Eighth paragraph - Lessor reserves the right at any time to consider Goods excluded from the Contract that are not timely delivered and agree upon signature of TRAF. If Lessor opts to delete, Lessee must indemnify it in the act of disbursements properly updated, and pay its commitment fees calculated in the field "06" of Table "V" of the preamble to the effective date of repayment for Goods deleted of the agreement.

14 - COSTS - It is understood by "Final Cost of Goods" (subsection 1.6 of section 1 of the TRAF), the constant value of TRAF that is the basis for calculating obligations of this Agreement and is composed by the price actually paid by Lessor to supplier / seller, plus all taxes, liens and expenses incurred and / or necessary for acquisition of same as well as, if applicable, the commitment fee incorporated into the final shape of Clause 5.

Sole Paragraph: The budgeted amount of Goods is set out in the field "01" in Table “V” of the preamble, which is merely estimated.

15 - USE AND MAINTENANCE OF GOODS,  INSPECTION, IDENTIFICATION, AND PATENT DISCLOSURE- The Lessee agrees to use the Goods solely for the intended activities  and to operate them  in accordance with technical recommendations set out by supplier or manufacturer and person technically qualified to do so.

First paragraph – All guarantees and the right to technical assistance given by manufacturer or suppliers are transferred to Lessee whereupon Lessor is relieved of any responsibility in this regard.

Second paragraph - Lessee is responsible for all damages that Goods may suffer, having to make all arrangements for maintenance, service and repairs required, all at its expense.

Third paragraph - If any part were to wear out, destroy, mar or to disable, otherwise, Lessee is obliged at its expense to replace it, by using appropriate and specific parts of such replacement. All repair services, maintenance or replacement of parts may only be enforced by machine shops and / or specialized personnel, appointed by manufacturer or suppliers.

Fourth paragraph - Any parts or accessories added or replaced shall become Lessor’s property, Lessee is not up any lien or claim.

 

Fifth paragraph - Lessee may not install or adjust any parts or accessories to the Goods which alter the technical conditions and normal use.

 

  

6

  

Sixth paragraph - In the event of malfunction of Goods for whatever reason, Lessee can not claim reduction, suspension or termination of payment of Financial Obligations or indemnity from Lessor. Lessor, in turn, commits itself to Lessee to transfer all rights and guarantees against suppliers or vendors of Goods.

Seventh paragraph - Lessor, at any time, can inspect the Goods and require that steps be taken for preservation and proper operation of such without incurring in the transference of responsibility by Lessee.

Eighth paragraph – Lessee, by itself and its employees or agents is required to keep confidential all confidential information and / or those protected by patents which may be transmitted by the manufacturer or suppliers, and is responsible for any loss, claim or lawsuit arising from any infringement.

Ninth paragraph - If the Goods are vehicles of any kind, Lessee assumes the following obligations: a) to transfer vehicles’ ownership on behalf of Lessor before the City Traffic Department and register vehicles in national character within a maximum of 05 (five) days from the date of receipt and acceptance of Goods; b) to only use them within the national territory; c) to only allow them to be driven by drivers legally qualified and expressly and exclusively authorized by it ; d) to require drivers‘  to observe the traffic laws, accounting for any fines that are imposed on it, by expenses of removal and parking in the courtyards of the transit agencies concerned and also for any damage to public property as may be required by Lessor and  are related to Leased goods; e) to keep them in place where ensured adequate security and protection; f) to take all the necessary precautions against risks, damage and theft, especially when parked on public roads and open spaces; g) to strictly comply with technical standards for supply oil, passengers limit  and / or cargo, and other instructions in the manual provided by the manufacturer in order to always present the best operating conditions, maintenance and security, all running at its sole expense, h) to proceed, at its expense with review in times and conditions established by  manufacturer and always in machine shops authorized by it;  i) to provide all repairs or maintenance that may be necessary to maintain vehicle in perfect working order, security and appearance in machine shops of authorized dealers by manufacturer for replacing all the pieces and parts that are damaged or are working imperfectly, provided that any parts or accessories added or replaced will become property of  Lessor  without any right of indemnity to Lessee. Lessor assumes no responsibility for proper operation of vehicle, being at Lessee's obligation to inspect when receiving them and perform maintenance.

Tenth paragraph - In addition to the conditions specified herein, Lessee must comply with TRAF requirements.

Eleventh paragraph - Goods shall be located at Lessee’s address or in a place described in TRAF, forcing itself to promptly communicate such condition in writing on any movement of Goods.

 

16 – INSURANCE - Lessee agrees to maintain the Goods insured against all risks that may be subject to throughout the term of the lease and its extensions, and shall also maintain liability insurance for both personal injury and property damage to third parties.

First paragraph - POLICY - The insurance shall be made in behalf of Lessor, at an insurance company of its choice and under responsibility of Lessee, running on its behalf, Lessee, the payment of insurance premium; Lessee shall also submit, when requested, under penalty of breach of contract, the policy representing insurance and discharge of premium due. The insurance policies shall appoint Lessor as the sole and exclusive beneficiary of compensation in the event of a claim.

Second paragraph – INSURED AMOUNT - The policy should cover at least the original value of Goods mentioned in TRAF, duly updated. The renovations should be made at the original value, plus the update, from the date of receipt to the renewal of the policy, or at market value, whichever is higher, without prejudice to other paragraphs of this clause.

Third paragraph - DEDUCTIBLE - Lessee, in any event, is required to complete the compensation that is paid by the insurance company, even the parties relating to deductible.

Fourth paragraph - NOTICE – Lesse is required to communicate Lessor in writing within 48 (forty eight) hours on the occurrence of any event of a claim involving the Goods.

Fifth paragraph - ENDORSEMENT – An endorsement clause in favor of Lessor should be included in the event that Lessee comes to appear in the insurance policy as the Insured one.

Sixth paragraph - SETTLEMENT OF A CLAIM - Without prejudice to the effective damage compensation in the event of any event that gives cause to receive the insurance indemnity, it is established that: a) if the value received by Lessor is greater than the value of the sum of past-due and payment obligations and other expenses, including default interest, penalty and interest, the overpayment shall be delivered to Lessor by Lessee; b) if the value is less than the sum of past-due and payment obligations and other expenses, including default interest, penalty and interest, Lessee shall immediately pay the difference to Lessor;  c) if, by any hindrance, the insurance company fails to pay the compensation due to Lessor, the Lessee, by virtue of its responsibility by Goods  shall bear such payment, which corresponds to the value of the sum of past-due and payment obligations, and other expenses, including default interest, penalty and interest.

 

  

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17 - LESSEE LIABILITY - In case of occurrence of any event involving liability for bodily injury and / or materials and / or cash and / or damages caused to third parties arising directly or indirectly from the ownership, use, transport or operation of  Goods,  it shall bear solely and exclusively to the Lessee, regardless of  the existence of  insurance, the liability of such events, including the extrajudicial and judicial costs, attorneys' fees, additions to capital income which ensures the proper performance of compensation in cases including provision of food and everything else that is necessary to avoid Lessor from suffering any lien or injury; the Sixth paragraph of Clause Six, section “a” above does not apply to devolutions.

First paragraph - Due to the established in the "caput" of this clause, Lessee exempt Lessor from now on from any liability resulting from the events listed herein.

Second paragraph - Independently and without prejudice to its liability, Lessee agrees to give immediate notice in writing to Lessor of any complaint, subpoena, letter or document received by it with respect to any occurrence involving bodily injury and / or materials and / or cash and / or punitive damages related to the Goods.

18 - PROPERTY OF LEASED GOODS - Lessee shall observe and enforce all rights of ownership on Lessor’s Goods (s) subject of this agreement and immediately report any acts of third parties infringing those rights, especially legal measures aiming at taking the necessary steps, running all the expenses for the account of Lessee.

Sole Paragraph: Lessee agrees to keep the Goods in a visible place, a plaque indicating that they are owned by Lessor.

19 - PROMISSORY NOTE - The value of the amounts disbursed, principal and accessories made ​​by Lessor for acquisition and subject to this agreement shall be represented by a promissory note, maturing on demand, issued by Lessee in favor of  Lessor, and guaranteed by Guarantors that are identified in the preamble and signed at the end of this agreement, which is to be delivered to Lessor on the same date on which Leased goods are delivered to Lessee. This promissory note shall be presented from the date of issue until 12 (twelve) months after the final term of this agreement and payment may be required in the event of any circumstance referred to in Clause 22.

Sole paragraph - It is expressly clarified that the payment of the promissory note referred to in the "caput" of this clause shall not exempt Lessee and/or its Guarantor under any circumstances from increases that financial obligations will suffer because of contractual charges, including arrears, which they shall be jointly responsible for.

20 – GUARANTORS – Guarantors of  Lessee’s obligations herein assumed and guarantors of the promissory note issued by reason of this agreement  also appear  under condition of  joint and several debtors, expressly agreeing to what is established herein, and be jointly and severally, unconditionally, irrevocably and irreversibly responsible with Lessee for full and complete settlement of Financial Obligations, commitment fee, default interest, penalties, interest of 1% per month, attorney fees, costs, expenses and other comminations expressed in this Agreement, confirming and recognizing them as a liquid and due right.

Sole paragraph - In the case of one or more Guarantors qualified in the preamble, or one or more Guarantors qualified in the attached bail instrument to this Agreement become bankrupted, insolvent , subject to judicial or extrajudicial  intervention, special administration regime or liquidation (or plead any these schemes),  come to death or, even if their economic and financial situation deteriorate to the point of making them not idoneous based solely on the parameters used by Lessor, then Lessee is required to appoint  new Guarantors and/or bailees within 5 (five) days due to the obligations of this Agreement such Guarantors and bailees with free real estate, unhindered and unencumbered, sufficient to meet all of monetary obligations then due and falling due. The term stipulated herein for such appointment shall be counted from the application of bankruptcy or insolvency declaration or any other of the above schemes, or death, or even from written notice given by Lessor to Lessee asking it to replace Guarantors and/or bailees in view of the precarious economic and financial situation presented. If the appointment is not made within above stipulated term and / or if appointments do not show the conditions listed above, the Agreement may be terminated at the Lessor sole discretion with application, of all terms contained in Clause 22 without exception.

21 - ASSIGNMENT OF RIGHTS - Lessee may assign, transfer or pledge the rights and obligations, respectively, to acquire and take over this agreement, with prior written consent given by Lessor and upon payment of fees charged by Lessor in this event according to “Fee for Service Schedule" in effect at the time.

Sole Paragraph: Lessor, regardless of Lessee’s consent, may at any time transfer or pledge the rights and / or obligations under this Agreement, with all its accessories, bonds and guarantees, as well as give its full contractual position.

 

  

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22 – ACCELERATION AND EARLY TERMINATION OF AGREEMENT – Lessor is allowed to consider this Agreement terminated regardless of any warning or prior notice and in other events of default under this Agreement, in the following cases: a) if Lessee fails to meet in the manner and within the time limits with any obligation assumed by it, especially if  it fails to pay  any other financial obligation or importance due at maturity; b) if should there be any of the assumptions contemplated in Articles 333 and 1425 of the Civil Code; c) if were to be ascertained falsity of any statement, information or document that may have been respectively signed, provided or delivered by Lessee: d) if  Lessee and / or other companies for same Lessee are affiliates, parent companies or subsidiaries so considered in accordance with definition contained in Article 243 and paragraph of Law No. 6404 of 15 December 1976 hereinafter simply referred to as Companies and have judicial or extrajudicial recovery or bankruptcy required, approved or ordered;  e) if any title  is to be protested against Lessee ; f) if, without Lessor express consent, Lessee, and / or Companies, and / or  Guarantors and / or  bailees legal entities have all or part of its controlling interest assigned, transferred or otherwise alienated; g) if, without Lessor express consent, Lessee, and / or Companies, and / or Guarantors and / or  bailees legal entities come to suffer, during the term of this Agreement, any further processing, merger, division or dissolution; h) if Lessee, and / or Companies, and / or  Guarantors and / or  bailees legal entities  come  to default on its obligations and / or fail to pay upon maturity of its debt liability of other contracts, loans or discounts entered into by with Lessor itself and / or any of the companies members of  Safra Financial Group; i) if Lessee, and / or Companies, and / or  Guarantors and / or  bailees legal entities enter in court against Lessor or any of the companies members of  Safra Financial Group with legal action;  j) if it were to be required or declared the intervention, arrangements for special administration or liquidation of  Lessee, and / or Companies, and / or Guarantors and / or  bailees legal entities;  k) if  Guarantors and / or  bailees legal entities  come being protested, collected or charged  in court; l) if  for any reason any debts under Lessee, and / or Companies, and / or Guarantors and / or  bailees legal entities responsibility is declared mature by any third party; m) if any breach of obligations of  Lessee, and / or Companies, and / or Guarantors and / or  bailees legal entities is pointe out by  the Brazilian Central Bank Credit Information System which treats with the rules issued by the National Monetary Council and / or Brazilian Central Bank, and / or other system that, due to legal regulation come to suffer adverse change in its equity and / or financial, structure, and o) if  Lessee fails to fully comply with the provisions contained in Clause 12 and paragraphs of this Agreement.

First paragraph – The termination of this Agreement shall result in: a) the early payment of all obligations, including Financial Obligations falling due, plus any applicable taxes from this agreement and default charges provided for in Clause 8; b) Lessee's obligation to return, immediately to Lessor, the Leased goods under the same condition as they were received at the beginning of the lease, under penalty of  taking the relevant measures for possession, combined with damages and with Lessee subjecting and agreeing  with the full applicability of  repossession suit with a motion for preliminary injunction.

Second paragraph – Upon termination of this Agreement, Lessee shall pay Lessor the overdue Financial Obligations plus default interest, interest and fines provided for in Clause 8, and compensation (damages amount) having a prefixed damage in an amount equal to the last Financial Obligation due and unpaid multiplied by the number of Financial Obligations falling due, plus the final VRG and arrears above, until the date of actual payment.

Third paragraph - In the event of early termination of this Agreement culminating with the return of  Leased goods or repossession  even if promoted by Lessor in court as set forth in the caption of  this Clause, the figures for the VRG paid until the date to characterize the acceleration shall not be subject to immediate return to Lessee. It is clear that in such a case, the parties shall strictly observe the same procedure provided for in Second paragraph of Clause 23 of this Agreement with Lessor carrying out the sale of  Leased goods returned or reinstated at market price within 30 (thirty) days from the date of  friendly return or reintegration of  such. If the sale price exceeds the VRG, Lessor shall deliver to Lessee the difference calculated after deducting the expenses of sale; however if  the sale value is less than  VRG, Lessor may take possession of the amounts paid in installments to cover the unpaid balance and other expenses relating to the sale;  if after this compensation procedure between the VRG and the remaining balance there is any amount to pay, Lessee shall pay such difference to Lessor within 48 (forty eight) hours after being notified.

23 - CONTRACT OPTIONS - Having Lessee regularly met all its obligations under this Agreement, it is assured to exercise one of three options, if requested in advance of 60 (sixty) days from the end of the Contract or any extension: a) to purchase Goods at the Price for Lease with Option to Pay set out in the TRAF and  updated according to the conditions set forth herein; b) to renew the lease for a period and conditions commonly agreed with; and c) return Goods to Lessor in the same condition that were received except for normal wear and tear.

First paragraph -  If the last hypothesis comes to occur (section "c" of the "caput" of this clause), the following shall be observed: a)  Lessee at its own expense and under its sole risk and responsibility shall immediately return Goods to Lessor  in the place specified by it  through skilled means of transportation according to the instructions given; b) all costs of return, including transportation insurance shall be borne by Lessee; c) when the return of Goods, Lessee shall make Lessor a deposit equal to the VRG, which shall be returned to Lessee in the form of  the final settlement of accounts as provided in the following paragraph.

Second paragraph - After the return of Goods, Lessor shall sell them at the market price within 30 days from the date of return; being provided to Lessee to present a purchaser with preference to buy the Goods, provided that he/she  offers at least the price equal to the VRG. If the value from sale exceeds the VRG,  Lessor shall deliver the difference found to Lessee deducted to cover any costs relating to sale. If the value resulting from sale less any costs incurred is less than the VRG, Lessor may take possession of the amounts paid over the term of the Contract in accordance with the provisions of Clause 6 and paragraphs aiming to cover the outstanding balance and other expenses relating to sale; if after that a difference still remains, Lessee shall pay to Lessor the aforementioned difference within 48 (forty eight) hours after being notified. If Lessee is not paid within the time alluded to, Lessee shall bear the burden of arrears and readjustment provided in Clause 8 and the First paragraph of Clause 4.

24 - TRANSFER OF PROPERTY - Notwithstanding the preceding clause and other clauses of this agreement, the property of Goods may only be transferred to Lessee upon presentation of proof of discharge of all taxes and penalties related to Goods, and since there is no judicial or extrajudicial pending before Lessor, the Goods in question remaining as security for any existing pending.

Sole Paragraph: Lessee shall be solely and exclusively responsible for making the transfer of property of Goods before the competent organs and agencies, bearing all the costs, including, without limitation, any fines that may munity to be imposed by lack of transfer within the legal deadline.

  

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25 - REPLACEMENT OF GOODS – At Lessor sole discretion, the Goods may be replaced by other of  same nature and that best meet the needs of Lessee, provided that it requests and assumes all costs of replacement, including taxes due, and yet since there is no legal or regulatory impediment and such alluded replacement shall be made by amendment to this Agreement which shall reflect any  inclusion of  cost for acquisition of such Leased goods, and the consequences arising therefrom to the value of  Financial Obligations falling due and the collection of  fee by Lessor in this event according to “Fee for Service Schedule” in effect at the time.

26 – GOODS ARE NOT TO BE REGISTERED AS FIXED ASSETS - During the term of this Agreement, the parties agree that the Goods are considered as being movable assets.

 

27 - WAIVER OF RIGHTS - Lessee, not owning the property where the Goods are installed shall, prior to receipt of Goods bring to Lessor a statement signed by the owner, duly notarized by a Notary, in which Lessor is recognized to be legitimate and exclusive owner of Goods; after such, any right or privilege should not be exercised on the Goods by the owner or who may succeed him.

28 - SPECIAL OBLIGATIONS - Lessee is obliged to send statements, balance sheets, records and other information requested by Lessor.

29 - BALANCES AFTER TERMINATION OF CONTRACT TERM - Upon completion of the lease term, Lessee contingent liabilities shall be paid on the filing date of the debit note.

30 – LESSOR RIGHTS TO INSPECT - Lessee agrees that Lessor or its authorized representatives may inspect Goods at any time, and check if conditions are met for warranty and maintenance applying to them. However, it is being understood that Lessor is not obligated in any way to carry out such inspections and verifications.

31 – BURDEN AND LIENS - Lessee, either directly nor indirectly shall provide or permit that any burden, lien or other encumbrance of any kind or class would be constituted on the Goods.

32 - RIGHTS AGAINST THE MANUFACTURER OR SUPPLIER - Lessor does not assume at any time no guarantee for good operation of Goods as it is under Lessee's obligation according to this agreement and to inspect Goods before they are received and perform all maintenance and repair during operation. Nevertheless, Lessor agrees to transfer to Lessee all rights it may have against any manufacturer or vendor of such Goods due to safeguards of functioning.

33 - INDEMNIFICATION - Lessee hereby undertakes to indemnify Lessor by any liability, loss, expense of any kind or class, including attorney's fees incurred by Lessor as a result of this agreement with respect to the purchase, delivery, ownership, use, operation and return of Goods or any other reason whatsoever. The indemnification provided herein shall be due even after termination of the agreement, at the end of this term or for any other reason.

34 - LIENS - In no event Lessee shall be responsible for any lien on Goods or compensation for improvements of any nature that it has done on same even if these improvements are necessary and have been performed in accordance with Lessor; such improvements shall pass on the full and absolute property possession of Lessor.

35 – LESSEE UNCONDITIONAL OBLIGATIONS - Lessee agrees to pay all financial obligations and any other amounts due as a result of this agreement on the due date, or to whom such obligations shall be indicated by Lessor. Lessee agrees that its obligation to pay the Financial Obligations and any other amounts is absolute and unconditional under any circumstances, and hereby waives any right it has or may have, either due to legal provisions or otherwise on leaving to pay the monetary obligations due, even if having credits against Lessor or any claim with respect to Goods or for any other reason; compensation is prohibited.

36 - NON EXERCISE OF RIGHTS – The non-exercise of a right or even any possible tolerance upon the terms and conditions of this agreement by Lessor does not prevent a further exercise of that or of any other right in future identical situations, being not considered as novation.

37 – CUMULATIVE ACTIONS AND MEASURES - The repossession of  Leased goods, the collection of  balance arising from obligations as well as the implementation of other measures set forth herein constitute cumulative actions or measures of  Lessor  to be  simultaneously or separately used by it, and the exercise of an isolated action or measure shall not be deemed a waiver of the other,  nor as to its omission or delay; being Lessor satisfied only when such Financial Obligations are entirely received in cash with default interest, interest, adjustments, and any other additions  until the time of actual payment beyond contractual penalty as set forth in this agreement.

 

  

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38 – LEASING OF REAL STATE - Except as provided in Clause 25, when Leased goods are real state , the provisions set forth in this instrument shall apply, mutatis mutandis, as well as those provisions mentioned in the "Addendum to Leasing of  Real Estate" which is an integral part of this agreement for all legal purposes.

39 - CREDIT RISK CENTRAL SYSTEM - Lessee and Guarantors hereby expressly authorize Lessor and / or any member of  “Safra Financial Group” to enter information got from Lessee and Guarantors and refer to the consolidated information in their names, at Credit Risk Central addressed in the regulations published by the National Monetary Council and / or Brazilian Central Bank, and / or other system due to legal regulation, or to replace or supplement this authorization which remains valid throughout the time when Lessee and Guarantors remains as Lessor  or “Safra Financial Group” customers or as long as open and unsettled obligations under this instrument.

40 - COSTS, EXPENSES AND ATTORNEY'S FEES – In case that Lessor needs to resort to administrative or judicial proceedings it may have aiming at pursuing the defense of its rights under this agreement or aiming to have satisfaction on what is owed to it, Lessor is entitled to receive compensation under this contract in addition to the fine and all legal costs resulting from any and all expenses, costs and attorney's fees calculated at 20% (twenty percent) of total debt.

41 – JURISDICTION - The parties elect in this act the jurisdiction of Poa District Courts – State of São Paulo, provided, however, the Lessor's right to choose the Sao Paulo State Court (Forum João Mendes Junior), by the situation of Leased goods or Lessee domicile.

And, being thus agreed and contracted, the parties sign this agreement, its annexes and amendments in 04 (four) equal- counterparts of same content and effect, together with two undersigned witnesses, declaring to be fully conversant with the terms and conditions of this agreement in the way they are written.

 

	Lessor	 	Lessee –	 

 

CIMCORP COM. INT.E INFORM S.A

 

Guarantor (1)

Spouse/Partner of Guarantor (1)

 

Guarantor (2)

Guarantor (3)

Spouse/Partner of Guarantor (2)

Spouse/Partner of Guarantor (3)

  

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Guarantor (4)Spouse/Partner of Guarantor (4)

Custodian

Name: CPF:

Name: CPF:

 

Support Central to Legal Entities:

 

Capital City and São Paulo Surroundings {11} 3175-8248

 

Other Locations 0800 015 7575

Personalized service,  Monday to Friday, from 8h to 19:30h, except holidays.

 

 

SAC – Customer Service: 0800 772 5755 - 24 x 7 Service Backup.

Ombudsman (If you have ever used SAC and are not satisfied): 0800 7701236, Monday to Friday, from 9h to 18h, except holidays.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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