EX-10.17 18 d133719dex1017.htm EX-10.17 EX-10.17

Exhibit 10.17

AMENDMENT TO THE DISTRIBUTION AGREEMENT

By this private instrument:

On the one part,

I) EDITORA ÁTICA S.A., a joint-stock company with its principal place of business at Avenida das Nações Unidas, 7221, 3rd floor, sector A, Pinheiros, Postal Code 05.425-902, in the City of São Paulo, State of São Paulo, enrolled with the National Corporate Taxpayers Register of the Ministry of Finance (CNPJ/MF) under No. 61.259.958/0001-96, EDITORA SCIPIONE S.A., a joint-stock company with its principal place of business at Avenida das Nações Unidas, 7221, 1st floor, sector D, Pinheiros, Postal Code 05425-902, in the City of São Paulo, State of São Paulo, enrolled with the CNPJ/MF under No. 44.127.355/0001-11, and SARAIVA EDUCAÇÃO S.A., a joint-stock company with its principal place of business at Rodovia Presidente Dutra, km 136, block 4, module 5, Eugênio de Melo, Postal Code 12247-004, in the City of São José dos Campos, State of São Paulo, enrolled with the CNPJ/MF under No. 50.268.838/0001-39, herein represented in the form of their By-Laws, hereinafter jointly referred to simply as “PUBLISHING HOUSE”:

and, on the other part,

II) SAMPAIO E OLIVEIRA DISTRIBUIDORA DE LIVROS LTDA., a private company with its principal place of business at AVENIDA FILOMENO GOMES, 670—JACARECANGA, FORTALEZA/CE, Postal Code: 60010-281, enrolled with the CNPJ/MF under No. 22.534.185/0001-57, herein represented in the form of its Articles of Association, hereinafter simply referred to as “DISTRIBUTOR”.

the PUBLISHING COMPANY and the DISTRIBUTOR are hereinafter jointly referred to as “Parties” and individually and indistinctly as “Party”.

WHEREAS:

A) the PUBLISHING HOUSE and the DISTRIBUTOR executed, on August 1st, 2018, the Distribution Agreement (“Agreement”), for distribution, by the DISTRIBUTOR, of the PUBLISHING HOUSE’s Products in the Area of Operation encompassed by all municipalities of the State of Ceará;

B) the term of the Agreement shall end on July 31, 2019, and therefore the Parties mutually agree to extend the term for another year, from August 1st, 2019 to July 31, 2020.

NOW, THEREFORE, the Parties resolve to execute this Amendment to the Agreement (“Amendment”), which shall be governed by the following terms and conditions they mutually agree, as follows:

SECTION I- TERM

1.1. By means of this Amendment, the Parties agree to renew the term of the Agreement for another year, as from August 1st, 2019.

SECTION II—AMENDMENT TO THE SECTION ON THE SUBJECT MATTER AND EXHIBIT I

2.1. The Parties mutually resolve to amend item 1.1.2, for it to read with the following wording:

“1.1.2. During effectiveness of this Agreement, the Product catalogue, which is contained in Exhibit I attached hereto, may be amended at any time, at the sole discretion of the PUBLISHING HOUSE, or the inclusion or exclusion of Products, upon change of the Product in the distributor portal. The new catalogue may be consulted by means of the electronic address http://portaldodistribuidor.abrileducacao.com.br, which contains the entire portfolio of the publishing houses and which shall be effective immediately, substituting the previous catalogue(s) and becoming an integral part of the Agreement as the new Exhibit I.”

2.2. The Parties resolve to amend item 1.3.2, for it to read with the following wording:

“1.3.2. In consideration for the prohibition set forth in Section 1.3., item (ii) above, the DISTRIBUTOR shall be entitled to receive amounts corresponding to four percent (4%) of the total amount of the net sales of Products made by the PUBLISHING HOUSE under the Partnership Agreement in question, to be paid under the same conditions and within the same terms set forth in the Partnership Agreement, it being understood that any payment to the DISTRIBUTOR shall be conditional upon actual receipt of the respective consideration by the PUBLISHING HOUSE from the respective school. The amounts set forth in this Section 1.3.2. shall only be deemed due in the event that this Distribution Agreement is in effect at the time of the payment received by the PUBLISHING HOUSE.”

SECTION III—INCLUSION OF NEW CONDITIONS IN THE RETURN OF THE PRODUCTS

3.1. The Parties mutually resolve to include item 2.6.4, which shall read with the following wording:

“2.6.4. The returns set forth in item 2.6.1 of the base order shall have an additional percentage of six percent (6%) for the collections / works listed in Exhibit III – List of the works/collections for additional return of order, which are attached to this amendment, acquired in the period of the base order, I and II phases, provided the amount of the net financial target is reached.”

SECTION IV- INCLUSION OF OTHER CONDITIONS IN THE SECTION ON PRICE AND PAYMENT CONDITIONS

4.1 The Parties resolve to include the items specified below in Section Three of the Agreement, which shall read with the following wording:

“3.6. Based on article 290 of the Civil Code, the DISTRIBUTOR represents to be expressly aware that the credits originating from this Agreement may be subject to credit assignment, irrespective of prior consent.

3.7. In the event of late payment in excess of thirty (30) days as from the maturity date, the PUBLISHING HOUSE is hereby authorized to act as follows: to issue against the DISTRIBUTOR the applicable credit instruments, to make the collection by the means set forth in the common applicable law, to send the overdue bank bill to the Protest Office, to include the DISTRIBUTOR’s name in legally created credit protection records or services—SCPC Boa Vista/SPC/SERASA

3.8. Any forbearance by the PUBLISHING HOUSE with respect to possible violations committed by the DISTRIBUTOR, as well as failure by the PUBLISHING HOUSE to exercise any right or prerogative granted to it under this Agreement shall neither result in an amendment to this Agreement nor in a change in or wavier of said rights or prerogatives, which may be exercised at any time.

3.9. In the event of late payment in excess of thirty (30) days as from the maturity date, the DISTRIBUTOR is hereby authorized to act as follows: to suspend any sales to the DISTRIBUTOR, to cancel purchase orders and to suspend the delivery of bonus.

3.10. The obligations originating from this Agreement are binding upon the Parties, their successors and assignees on any account.

3.11. In case the PUBLISHING HOUSE is required to resort to the courts to exercise its rights set forth in this Agreement, the DISTRIBUTOR shall further incur all costs, procedural expenses and attorneys’ fees.”

SECTION V—EXCLUSION OF THE MINIMUM STOCK SET FORTH IN SECTION FOUR

5.1. The Parties mutually resolve to exclude item 4.1 (i) and to substitute Exhibit III—Minimum Stock, as specified in section 3.1 above, and therefore section 4.1 shall now read as follows:

“4.1 The DISTRIBUTOR hereby accepts, agrees and commits, under penalty of termination of the Agreement pursuant to the provisions of Section 9.4, without prejudice to the other applicable penalties, to: (i) make a purchase order in a minimum quantity for the supply of previous stock of Products for the subsequent school period, in all its phases, which shall be mandatory and not conditional upon the volume existing in the DISTRIBUTOR’s stock, the total amount of

which shall be calculated based on the parameters set forth in Exhibit IV to this Agreement (“Base Order”), which is attached hereto; and (iii) acquire the new Products launched by the Publishing House, in the quantities and in accordance with the instructions set forth in Exhibit VII (“Novelty Share”) attached hereto.”

5.2. The Parties mutually resolve to exclude the minimum stock of item 4.2, and therefore section 4.2 shall now read as follows:

“4.2 In addition to the obligations relating to Base Order and Novelty Share set forth in Section 4.1. above, of Exhibit VII, the DISTRIBUTOR hereby agrees to reach and achieve the targets mutually agreed between the Parties (“Targets”), which shall be disclosed by the PUBLISHING HOUSE after the end of the current commercial year, consistently with the definition of the school lists and market dimensioning, considering the total number of students of each region.”

SECTION VI—SUBSTITUTION OF EXHIBITS

6.1. The Parties resolve to substitute the following Exhibits: Exhibit IV—Base Order, Exhibit V—Area of Operation and Exhibit VI—Somos Code of Conduct, according to the documents attached to this amendment.

SECTION VII—AMENDMENT TO THE FINAL PROVISIONS

7.1. The Parties resolve to amend item 14.2 of the Agreement for it to read with the following wording:

“14.2. Irrespective of the provisions of Section 14.1 above, the PUBLISHING HOUSE may assign or transfer, in any form, wholly or in part, the rights or obligations set forth in the Agreement to any company of its economic group, or promote the corporate restructuring within the economic group, without the need for prior authorization by the DISTRIBUTOR.”

SECTION VIII—GENERAL PROVISIONS

8.1. All other clauses and conditions of the Agreement not expressly modified by means of this Amendment remain unchanged.

IN WITNESS WHEREOF, the Parties sign this Amendment to the Agreement in two (2) counterparts of same contents and form, in the presence of two (2) witnesses, for the production of all legal effects.

 

São Paulo, August 1st, 2019.

 

EDITORA ÁTICA S.A.

(sgd)   

(sgd)

By: Alex Miyazaki   

By: Volnei Korzenieski

Title: Identity Card (RG): [****]   

Title: Identity Card (RG): [****]

EDITORA SCIPIONE S.A.

(sgd)   

(sgd)

By: Alex Miyazaki   

By: Volnei Korzenieski

Title: Identity Card (RG): [****]   

Title: Identity Card (RG): [****]

SARAIVA EDUCAÇÃO S.A.

(sgd)   

(sgd)

By: Alex Miyazaki   

By: Volnei Korzenieski

Title: Identity Card (RG): [****]   

Title: Identity Card (RG): [****]

SAMPAIO E OLIVEIRA DISTRIBUIDORA DE LIVROS LTDA
(sgd)    (sgd)
By: Lúcia de Fátima Oliveira Sampaio    By: Paulo Robério Leite Sampaio
SAMPAIO & OLIVEIRA DISTRIBUIDORA    SAMPAIO & OLIVEIRA DISTRIBUIDORA
DE LIVROS LTDA    DE LIVROS LTDA
Title: Officer    Title: Officer
Witnesses:   
(sgd)    (sgd)
Name: Iracilda da Conceição    Name: Sheila de Oliveira Furlan
Identity Card (RG): [****]    Identity Card (RG): [****]
   Taxpayer Card (CPF): [****]

EXHIBIT I

Products

All active products for sale are available in the Customer Portal at the electronic address: http://portaldodistribuidor.abrileducacao.com.br

EXHIBIT II

Discount Percentages, Terms of Payment, Increase Percentages for the acquisition of Products by the DISTRIBUTOR;

1. Discount Percentages. As set forth in Section 3.1 of the Agreement, the DISTRIBUTOR agrees to acquire the Products for the prices in effect on the date of the respective purchase orders, after deduction of the percentages set forth below:

 

Segment

    Discount  

Didactic books

      41 % 

Child Literature

      48 % 

Youth Literature

      45 % 

Supplementary educational books

      45 % 

Atlases/Dictionaries

      48 % 

2. Terms for Payment. Pursuant to the provisions of Section 3.2.1 of the Agreement, the DISTRIBUTOR shall observe the terms for payment of the Products as established below:

 

Segment

    Payment
Term

Didactic books

    65DFS

Child Literature

    65DFS

Youth Literature

    65DFS

Supplementary educational books

    65DFS

Atlases/Dictionaries

    65DFS

3. Base Order. Discount percentages and Terms for payment of the BASE ORDER:

FIRST PHASE

 

DIDACTIC BOOKS

  

PLAN

    DISCOUNT     INSTALLMENT
PLAN		      MATURITY DATES  

Condition 1

      41.0 %      4 Installments        03/01/2020        04/01/2020        05/01/2020        06/01/2020        —          —    

Condition 2

      39.5 %      5 Installments        04/02/2020        04/23/2020        05/14/2020        06/04/2020        06/25/2020        —    

Condition 3

      38.0 %      6 Installments        05/03/2020        05/24/2020        06/14/2020        07/05/2020        07/26/2020        08/16/2020  

CHILD LITERATURE

  

PLAN

    DISCOUNT     INSTALLMENT
PLAN		      MATURITY DATES  

Condition 1

      48.0 %      4 Installments        03/01/2020        04/01/2020        05/01/2020        06/01/2020        

Condition 2

      46.5 %      5 Installments        04/02/2020        04/23/2020        05/14/2020        06/04/2020        06/25/2020        —    

Condition 3

      45.0 %      6 Installments        05/03/2020        05/24/2020        06/14/2020        07/05/2020        07/26/2020        08/16/2020  

YOUTH LITERATURE AND SUPPLEMENTARY DIDACTIC BOOKS

  

PLAN

    DISCOUNT     INSTALLMENT
PLAN		      MATURITY DATES  

Condition 1

      45.0 %      4 Installments        03/01/2020        04/01/2020        05/01/2020        06/01/2020        —          —    

Condition 2

      43.5 %      5 Installments        04/02/2020        04/23/2020        05/14/2020        06/04/2020        06/25/2020        —    

Condition 3

      42.0 %      6 Installments        05/03/2020        05/24/2020        06/14/2020        07/05/2020        07/26/2020        08/16/2020  

ATLASES/DICTIONARIES

  

PLAN

    DISCOUNT     INSTALLMENT
PLAN		      MATURITY DATES  

Condition 1

      48.0 %      4 Installments        03/01/2020        04/01/2020        05/01/2020        06/01/2020        —          —    

Condition 2

      46.5 %      5 Installments        04/02/2020        04/23/2020        05/14/2020        06/04/2020        06/25/2020        —    

Condition 3

      45.0 %      6 Installments        05/03/2020        05/24/2020        06/14/2020        07/05/2020        07/26/2020        08/16/2020  

SECOND PHASE

 

DIDACTIC BOOKS

  

PLAN

    DISCOUNT     INSTALLMENT
PLAN		      MATURITY DATES  

Condition 1

      41.0 %      3 Installments        04/15/2020        05/15/2020        06/15/2020        —    

Condition 2

      39.5 %      3 Installments        05/10/2020        05/31/2020        06/21/2020        —    

Condition 3

      38.0 %      4 Installments        06/11/2020        07/02/2020        07/23/2020        08/13/2020  

CHILD LITERATURE

  

PLAN

    DISCOUNT     INSTALLMENT
PLAN		    MATURITY DATES  

Condition 1

      48.0 %    3 Installments      04/15/2020        05/15/2020        06/15/2020        —    

Condition 2

      46.5 %    3 Installments      05/10/2020        05/31/2020        06/21/2020        —    

Condition 3

      45.0 %    4 Installments      06/11/2020        07/02/2020        07/23/2020        08/13/2020  
YOUTH LITERATURE AND SUPPLEMENTARY DIDACTIC BOOKS  

PLAN

    DISCOUNT     NSTALLMENT
PLAN		    MATURITY DATES  

Condition 1

      45.0 %    3 Installments      04/15/2020        05/15/2020        06/15/2020        —    

Condition 2

      43.5 %    3 Installments      05/10/2020        05/31/2020        06/21/2020        —    

Condition 3

      42.0 %    4 Installments      06/11/2020        07/02/2020        07/23/2020        08/13/2020  
ATLASES/DICTIONARIES  

PLAN

    DISCOUNT     INSTALLMENT
PLAN		    MATURITY DATES  

Condition 1

      48.0%     3 Installments      04/15/2020        05/15/2020        06/15/2020        —    

Condition 2

      46.5 %    3 Installments      05/10/2020        05/31/2020        06/21/2020        —    

Condition 3

      45.0 %    4 Installments      06/11/2020        07/02/2020        07/23/2020        08/13/2020  

4. Increase Percentages. As provided in Section 6.1 (a) of the Agreement, in the sales made in the private market, the DISTRIBUTOR may increase up to 5% of the original amounts of the prices suggested by the PUBLISHING HOUSE for the Products.

EXHIBIT III

List of the works/collections for additional return base order

 

International

Standard

Book Number

(ISBN)

   

Segment

   

Volume /

Series

  

Collection

   

Work

9788547234218

   

Primary School

   

1st Grade

   

Ligamundo

   

Ligamundo Ciências 1st Grade

9788547234232

   

Primary School

   

2nd Grade

   

Ligamundo

   

Ligamundo Ciências 2nd Grade

9788547234256

   

Primary School

   

3rd Grade

   

Ligamundo

   

Ligamundo Ciências 3rd Grade

9788547234270

   

Primary School

   

4th Grade

   

Ligamundo

   

Ligamundo Ciências 4th Grade

9788547234294

   

Primary School

   

5th Grade

   

Ligamundo

   

Ligamundo Ciências 5th Grade

9788547234317

   

Primary School

   

1st Grade

   

Ligamundo

   

Ligamundo Geografia 1st Grade

9788547234331

   

Primary School

   

2nd Grade

   

Ligamundo

   

Ligamundo Geografia 2nd Grade

9788547234355    Primary School    3rd Grade    Ligamundo    Ligamundo Geografia 3rd Grade
9788547234379    Primary School    4th Grade    Ligamundo    Ligamundo Geografia 4th Grade
9788547234393    Primary School    5th Grade    Ligamundo    Ligamundo Geografia 5th Grade
9788547234416    Primary School    1st Grade    Ligamundo    Ligamundo História 1st Grade
9788547234430    Primary School    2nd Grade    Ligamundo    Ligamundo História 2nd Grade
9788547234454    Primary School    3rd Grade    Ligamundo    Ligamundo História 3rd Grade
9788547234478    Primary School    4th Grade    Ligamundo    Ligamundo História 4th Grade
9788547234492    Primary School    5th Grade    Ligamundo    Ligamundo História 5th Grade
9788547234614    Primary School    1st Grade    Ligamundo    Ligamundo Matemática 1st Grade
9788547234638    Primary School    2nd Grade    Ligamundo    Ligamundo Matemática 2nd Grade
9788547234652    Primary School    3rd Grade    Ligamundo    Ligamundo Matemática 3rd Grade
9788547234676    Primary School    4th Grade    Ligamundo    Ligamundo Matemática 4th Grade
9788547234690    Primary School    5th Grade    Ligamundo    Ligamundo Matemática 5th Grade
9788547234515    Primary School    1st Grade    Ligamundo    Ligamundo Português 1st Grade
9788547234539    Primary School    2nd Grade    Ligamundo    Ligamundo Português 2nd Grade
9788547234553    Primary School    3rd Grade    Ligamundo    Ligamundo Português 3rd Grade
9788547234577    Primary School    4th Grade    Ligamundo    Ligamundo Português 4th Grade
9788547234591    Primary School    5th Grade    Ligamundo    Ligamundo Português 5th Grade
9788547401900    Primary School    1st Grade    Marcha Criança    Marcha Criança Ciências
9788547401924    Primary School    2nd Grade    Marcha Criança    Marcha Criança Ciências
9788547401948    Primary School    3rd Grade    Marcha Criança    Marcha Criança Ciências
9788547401962    Primary School    4th Grade    Marcha Criança    Marcha Criança Ciências
9788547401986    Primary School    5th Grade    Marcha Criança    Marcha Criança Ciências
9788547402037    Primary School    1st Grade    Marcha Criança    Marcha Criança História E Geografia
9788547402075    Primary School    2nd Grade    Marcha Criança    Marcha Criança História E Geografia
9788547402105    Primary School    3rd Grade    Marcha Criança    Marcha Criança História E Geografia
9788547402129    Primary School    4th Grade    Marcha Criança    Marcha Criança História E Geografia
9788547402143    Primary School    5th Grade    Marcha Criança    Marcha Criança História E Geografia
9788547402167    Primary School    1st Grade    Marcha Criança    Marcha Criança Língua Portuguesa
9788547402181    Primary School    2nd Grade    Marcha Criança    Marcha Criança Língua Portuguesa
9788547402204    Primary School    3rd Grade    Marcha Criança    Marcha Criança Língua Portuguesa

9788547402228    Primary School    4th Grade    Marcha Criança    Marcha Criança Língua Portuguesa
9788547402242    Primary School    5th Grade    Marcha Criança    Marcha Criança Língua Portuguesa
9788547402266    Primary School    1st Grade    Marcha Criança    Marcha Criança Matemática
9788547402280    Primary School    2nd Grade    Marcha Criança    Marcha Criança Matemática
9788547402303    Primary School    3rd Grade    Marcha Criança    Marcha Criança Matemática
9788547402327    Primary School    4th Grade    Marcha Criança    Marcha Criança Matemática
9788547402341    Primary School    5th Grade    Marcha Criança    Marcha Criança Matemática
Being prepared    Primary School    1st Grade    Port Linguagens    Português Linguagens -1st Grade
Being prepared    Primary School    2nd Grade    Port Linguagens    Português Linguagens –2nd Grade
Being prepared    Primary School    3rd Grade    Port Linguagens    Português Linguagens –3rd Grade
Being prepared    Primary School    4th Grade    Port Linguagens    Português Linguagens –4th Grade
Being prepared    Primary School    5th Grade    Port Linguagens    Português Linguagens –5th Grade

International

Standard

Book Number

(ISBN)

   

Segment

   

Volume /

Series

   

Collection

   

Work

9788557691919    Junior High School    6th Grade    PORTUGUÊS: LINGUAGENS    Português: Linguagens – 6th grade
9788557691933    Junior High School    7th Grade    PORTUGUÊS: LINGUAGENS    Português: Linguagens – 7th grade
9788557691957    Junior High School    8th Grade    PORTUGUÊS: LINGUAGENS    Português: Linguagens – 8th grade
9788557691971    Junior High School    9th Grade    PORTUGUÊS: LINGUAGENS    Português: Linguagens – 9th grade
9788508192946    Junior High School    6th Grade    Teláris    Teláris Arte 6th grade
9788508192960    Junior High School    7th Grade    Teláris    Teláris Arte 7th grade
9788508192984    Junior High School    8th Grade    Teláris    Teláris Arte 8th grade
9788508193004    Junior High School    9th Grade    Teláris    Teláris Arte 9th grade
9788547236793    Junior High School    6th Grade    Companhia das Ciências    Companhia das Ciências 6th grade
9788547236816    Junior High School    7th Grade    Companhia das Ciências    Companhia das Ciências 7th grade
9788547236830    Junior High School    8th Grade    Companhia das Ciências    Companhia das Ciências 8th grade
9788547236854    Junior High School    9th Grade    Companhia das Ciências    Companhia das Ciências 9th grade

9788508193226    Junior High School    6th Grade    Teláris    Teláris Ciências 6th grade
9788508193240    Junior High School    7th Grade    Teláris    Teláris Ciências 7th grade
9788508193462    Junior High School    8th Grade    Teláris    Teláris Ciências 8th grade
9788508193486    Junior High School    9th Grade    Teláris    Teláris Ciências 9th grade
9788508193066    Junior High School    6th Grade    Teláris    Teláris Geografia 6th grade
9788508193080    Junior High School    7th Grade    Teláris    Teláris Geografia 7th grade
9788508193103    Junior High School    8th Grade    Teláris    Teláris Geografia 8th grade
9788508193127    Junior High School    9th Grade    Teláris    Teláris Geografia 9th grade
9788508193264    Junior High School    6th Grade    Teláris    Teláris História 6th grade
9788508193288    Junior High School    7th Grade    Teláris    Teláris História 7th grade
9788508193509    Junior High School    8th Grade    Teláris    Teláris História 8th grade
9788508193523    Junior High School    9th Grade    Teláris    Teláris História 9th grade
9788508193141    Junior High School    6th Grade    Teláris    Teláris Língua Portuguesa 6th grade
9788508193165    Junior High School    7th Grade    Teláris    Teláris Língua Portuguesa 7th grade
9788508193387    Junior High School    8th Grade    Teláris    Teláris Língua Portuguesa 8th grade
9788508193400    Junior High School    9th Grade    Teláris    Teláris Língua Portuguesa 9th grade
9788508193189    Junior High School    6th Grade    Teláris    Teláris Matemática 6th grade
9788508193202    Junior High School    7th Grade    Teláris    Teláris Matemática 7th grade
9788508193424    Junior High School    8th Grade    Teláris    Teláris Matemática 8th grade
9788508193448    Junior High School    9th Grade    Teláris    Teláris Matemática 9th grade

International

Standard

Book Number

(ISBN)

   

Segment

   

Volume/

Series

   

Collection

   

Work

9788547233792    High School    Sophomore    CONECTE    Conecte Biologia—Volume 1
9788547233815    High School    Junior    CONECTE    Conecte Biologia—Volume 2
9788547233839    High School    Senior    CONECTE    Conecte Biologia—Volume 3
9788547233853    High School    Single Volume    CONECTE    Conecte Filosofia – Single Volume
9788547233723    High School    Sophomore    CONECTE    Conecte Física—Volume 1
9788547234713    High School    Junior    CONECTE    Conecte Física—Volume 2
9788547234737    High School    Senior    CONECTE    Conecte Física—Volume 3
9788547233877    High School    Sophomore    CONECTE    Conecte História—Volume 1
9788547233891    High School    Junior    CONECTE    Conecte História—Volume 2
9788547233914    High School    Senior    CONECTE    Conecte História—Volume 3
9788547233938    High School    Sophomore    CONECTE    Conecte Matemática—Volume 1
9788547233952    High School    Junior    CONECTE    Conecte Matemática—Volume 2
9788547233976    High School    Senior    CONECTE    Conecte Matemática—Volume 3
9788502635104    High School    Single Volume    CONECTE    Conecte Matemática – Single Volume
9788547233990    High School    Sophomore    CONECTE    Conecte Português Linguagens— Volume 1
9788547234010    High School    Junior    CONECTE    Conecte Português Linguagens— Volume 2
9788547234034    High School    Senior    CONECTE    Conecte Português Linguagens— Volume 3
9788547234058    High School    Sophomore    CONECTE    Conecte Química—Volume 1
9788547234072    High School    Junior    CONECTE    Conecte Química—Volume 2
9788547234096    High School    Senior    CONECTE    Conecte Química—Volume 3
9788547234119    High School    Single Volume    CONECTE    Conecte Sociologia – Single Volume
9788547233761    High School    Sophomore    CONECTE    Conecte Geografia—Volume 1
9788547234751    High School    Junior    CONECTE    Conecte Geografia—Volume 2
9788547234775    High School    Senior    CONECTE    Conecte Geografia—Volume 3

EXHIBIT IV

Base Order

1. Base Order. Pursuant to the provisions of Section 4.1 of the Agreement, the DISTRIBUTOR shall make a minimum Base Order for the purchase of Products, corresponding to the amount established below:

 

MINIMUM BASE ORDER COMMERCIAL YEAR 2019-2020
(R$8,800,000.00) Eight million eight thousand Reais.

2. The Base Order shall be made in two phases, as defined below, it being understood that the DISTRIBUTOR hereby agrees to make the Base Order in full by December 31, 2019, it being understood that the following periods shall apply to each of the phases.

 

BASE ORDER PHASES
1st Phase - 70%    November / 2019
2nd PHASE - 30%    December / 2019

3. For clarification purposes, the DISTRIBUTOR agrees to be aware that the Base Order shall be neither computed nor deducted from the commercial Target to be established by mutual agreement between the parties, pursuant to the provisions of Section 4.2.

4. In the event of noncompliance with the minimum Base Order within the agreed period, the DISTRIBUTOR shall incur the penalties set forth in the Agreement, as provided in Section 4.3.

EXHIBIT V

Municipalities that compose the Distribution Area

The distribution area encompasses all Municipalities of the State of Ceará.

EXHIBIT VI

SOMOS Code of Conduct

The SOMOS code of conduct was separately sent and is an integral part of this agreement.

EXHIBIT VII

Table per Segment of the Novelty Share

Table of parameters for application of purchase orders of the novelty shares.

 

Segment

    Quantities  

Didactic Books

      0  

Child Literature

      5  

Youth Literature

      10  

Supplementary educational books

      10  

Atlases/Dictionaries

      5  

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