EX-16 16 ex-16.htm EX-16

Exhibit 16

 

This document is a free translation only. Due to the complexities of language translation, translations are not always precise. The original document was prepared in Portuguese, and in case of any divergence, discrepancy or difference between this version and the Portuguese version, the Portuguese version shall prevail. The Portuguese version is the only valid and complete version and shall prevail for any and all purposes. There is no assurance as to the accuracy, reliability or completeness of the translation. Any person reading this translation and relying on it should do so at his or her own risk.

 

DocuSign Envelope ID: C6090006-247A-471C-86A1-B1FF4A9F9929

 

BID FOR THE ACQUISITION OF AN ISOLATED PRODUCTION UNIT

 

EXHIBIT 3.4

 

Draft of the Sale and Purchase Agreement

 

SHARE PURCHASE AGREEMENT VIA ISOLATED PRODUCTION UNIT AND OTHER COVENANTS1

 

ENTERED INTO, ON ONE SIDE

 

OI MÓVEL S.A. - UNDER JUDICIAL REORGANIZATION TELEMAR NORTE LESTE S.A. – UNDER JUDICIAL REORGANIZATION

AND, ON THE OTHER SIDE [BUYER]

AND, AS INTERVENING CONSENTING PARTIES

 

CALITEIA RJ INFRAESTRUTURA E REDES DE TELECOMUNICAÇÕES S.A.

 

 

AND

 

OI S.A. – UNDER JUDICIAL REORGANIZATION [DATE]

 
 

 

Table of Contents

 
    Page
Clause 1 Definitions 7
1.1 Definitions 7
1.2 Other Definitions 15
1.3 Interpretation 16
Clause 2 Transaction 16
2.1 Sale and Purchase 16
2.2 Transfer of Shares 17
Clause 3 Purchase Price and Payment 17

 


1 Note for the Draft: Excerpts in brackets to be completed by the Parties with the information applicable at the time of the conclusion of the Agreement.

 
 

 

3.1 Purchase Price 17
3.2 Pre-Closing Adjustment 17
3.3 Payment of the Preliminary Purchase Price 17
3.4 Automatic Discharge 17
3.5 Transaction Taxes 18
3.6 Price Adjustment 18
3.7 Payment of the Price Adjustment 19
Clause 4 Conditions Precedent for the Closing 19
4.1 Conditions Precedent of the Parties 19
4.2 Conditions Precedent of Buyer 19
4.3 Conditions Precedent of Sellers 20
4.4 Notice to CADE 21
4.5 Deadline 22
Clause 5 Closing 22
5.1 Closing 22
5.2 Obligations at Closing 22
5.3 Delivery of Documents 23
Clause 6 Representations and Warranties of Sellers 23
6.1 Representations and Warranties of Sellers 23
Clause 7 Representations and Warranties of Buyer 30
7.1 Representations and Warranties of Buyer 30
Clause 8 Acts between Signing and Closing 31
8.1 Ordinary Course of Business 31
Clause 9 Indemnification 33
9.1 Sellers’ Obligation to Indemnify 33
9.2 Buyer’s Obligation to Indemnify 34
9.3 Indemnification Procedures 35
9.4 Third-Party Demand 35
9.5 Compliance with Procedures 36
9.6 Payment of the Indemnification 36
9.7 Limitations on Indemnification Obligation 37
9.8 Effective Amount to be Indemnified 37
9.9 Best Efforts 38
Clause 10 Infrastructure Items and Lease Agreements 38
10.1 Full Regularization 38
10.2 Irreversible Situation 38
10.3 Regularization Costs 39
10.5 Overload Irregularities 39
10.6 Sellers’ Obligations — Payment Maintenance 39
10.6.1 Revenue Received After Closing 39
10.8 Replacement of Guarantees 40
10.9 New Infrastructure Items 40
10.10 Insurance Hiring 40
Clause 11 Termination 40
11.1 Termination Events 40
11.2 Fine 41
11.3 CADE Extension 41
 
 

 

11.4 Termination Effects 41
11.5 Exercise Limitation 41
Clause 12 Notices 41
12.1 Notices 41
12.2 Reception Convention 41
12.3 Change 42
Clause 13 Conflict Resolution 42
13.1 Arbitration 42
Clause 14 Miscellaneous 43
14.1 Amendments 43
14.2 Assignment 43
14.3 Financing 43
14.4 Exhibit Update 43
14.5 Sharing Agreement 44
14.6 Binding Act 44
14.7 Comprehensive Consensus and Documents 44
14.8 Severability 44
14.9 Subsequent Commitment 44
14.9 Press and Public Releases 44
14.11 Unfavorable Interpretation 44
14.12 Confidentiality and Non-Disclosure 44
14.13 Fiduciary Assignment 45
14.14 Liabilities 45
14.15 Intervening Consenting Sellers 45
14.16 Guarantee 45
14.17 Waiver, Termination and Discharge 46
14.18 Forbearance 46
14.19 Liability for Costs 46
14.20 Corporate Reorganization 46
14.21 Specific Performance; Enforceable Instrument 46
14.22 Governing Law 46

 

 


List of Exhibits

 

Exhibit Description
Exhibit A Existing Sharing Agreements
Exhibit B Infrastructure Items
Exhibit 4.2.1(viii) Existing Sharing Agreements Subject to Prior Consent
Exhibit 4.2.1(ix) Lease Agreements Identified
Exhibit 4.4.6(i) Final Purchase Price Adjustment - Substantial Competitive Restrictions
Exhibit 5.2.1(v) Closing Instrument
Exhibit 5.2.1(vi) Oi Sharing Agreement
Exhibit 5.2.1(viii)(A) Properties of Affiliates of Sellers
Exhibit 5.2.1(viii)(B) Form and Commercial Conditions of the New Lease Agreements for the Sellers Affiliates Real Properties
Exhibit 5.2.1(ix) Draft of the Temporary Power-of-Attorney for the New Managers
Exhibit 6.1.12 Financial Statements
 
 

 

Exhibit 6.1.16 Relevant Company Agreements
Exhibit 6.1.19(i) Company’s Powers-of-Attorney
Exhibit 6.1.19(ii) Company’s Checking Accounts and Authorized Persons
Exhibit 6.1.20 Litigation

 


 

SHARE PURCHASE AGREEMENT VIA ISOLATED PRODUCTION UNIT AND OTHER COVENANTS

 

On one side:

 

I.                          OI MÓVEL S.A. — UNDER JUDICIAL REORGANIZATION, a corporation with its head offices in Brasília, Distrito Federal, no Setor Comercial Norte, Quadra 03, Bloco A, Edifício Estação Telefônica, Térreo, Parte 2, ZIP CODE 70.713-900, registered with the National Register of Legal Entities of the Ministry of Economy (“CNPJ/ME”) under No. 05.423.963/0001-11, herein represented pursuant to its Bylaws (hereinafter referred to as “Oi Móvel”);

 

And, on the other side:

 

II.                       TELEMAR NORTE LESTE S.A. — UNDER JUDICIAL REORGANIZATION, a corporation with its head office located in Rio de Janeiro, State of Rio de Janeiro, at Rua do Lavradio, nº 71, 2º andar, Centro, ZIP CODE 20.230-070, registered with the CNPJ/ME under No. 33.000.118/0001-79 and in the Commercial Registry of the State of Rio de Janeiro under NIRE 33.30015258-0, herein represented pursuant to its Bylaws (hereinafter referred to as “TMAR”); and, together with Oi Móvel, “Sellers”.

 

And, on the other side:

 

III.                     [BUYER], with its head offices at [•], registered with the CNPJ/ME under No. [•] (hereinafter referred to as “Buyer”);

 

With Sellers and Buyer hereinafter jointly referred to as “Parties” and individually and indistinctly as “Party”.

 

And, as Intervening Consenting Party:

 

IV.                    CALITEIA RJ INFRAESTRUTURA E REDES DE TELECOMUNICAÇÕES S.A., a corporation incorporated on January 13, 2020, with its head offices in Rio de Janeiro, State of Rio de Janeiro, at Rua do Lavradio, n° 71, sl. 201/801, Centro, ZIP CODE 20.230- 070, registered with the CNPJ/ME under No. 35.978.982/0001-75 and with the Commercial Registry of the State of Rio de Janeiro under NIRE 33.300.333.215, herein represented pursuant to its Bylaws (hereinafter referred to as “Company”);

 

And also as an intervening, consenting and guarantor of the obligations of Sellers:

 
 

V.                OI S.A. - UNDER JUDICIAL REORGANIZATION, a publicly-held company, with its head offices in Rio de Janeiro, State of Rio de Janeiro, at Rua do Lavradio n.° 71, Centro, ZIP CODE 20.230-070, registered with the CNPJ/ME under No. 76.535.764/0001- 43, herein represented pursuant of its Bylaws (hereinafter referred to as “Oi” and, together with Company, the “Intervening Consenting Sellers”).

 

WHEREAS:

 

A)              On June 20, 2016, Oi, together with other companies in its economic group, filed for judicial reorganization before the 7th Lower Commercial Court of the Judicial District of the Capital City of the State of Rio de Janeiro, under No. 0203711-65.2016.8.19.0001 (“Judicial Reorganization”);

 

B)              Within the scope of the Judicial Reorganization, the Judicial Reorganization Plan expressly sets forth the possibility of disposal, by Sellers, of movable or immovable property that is part of its permanent assets, by means of constituting an UPI under articles 60, 66, 140, item II, 141 and 142, item II, of the LFR;

 

C)              On June 15, 2020 and on [•], 2020, Oi and Sellers, together with other companies in its economic group, filed before the 7th Lower Commercial Court of the Judicial District of the Capital City of the State of Rio de Janeiro (“Judicial Reorganization Court”) a request for Amendment to its Judicial Reorganization Plan (“Amendment to the PRJ”), which provided for (i) the creation of an Isolated Production Unit (UPI) formed by the shares issued by Company, to which all the Infrastructure Items were poured and to which the Licenses for the Site, Lease Agreements and Existing Sharing Agreements relating to such Infrastructure Items were or will be assigned and transferred, as the case may be, subject to the provisions of this Agreement; and (ii) the sale of one hundred percent (100%) of the Shares issued by Company in a competitive proceeding;

 

D)              The Amendment to the PRJ was approved at the Creditors’ General Meeting held on [•], 2020 and ratified by the Judicial Reorganization Court on [•], 2020;

 

E)              As provided for in the Judicial Reorganization Plan and Amendment to the PRJ, as preparatory acts for the sale of Company and the Infrastructure Items through UPI, Sellers and their Affiliates approved and implemented the Corporate Reorganization;

 

F)               Upon completion of the Corporate Reorganization, Company started to hold all assets, liabilities, contracts, Licenses, rights and obligations necessary to conduct the business of development, maintenance, lease and assignment for use of the Infrastructure Items (“Business”);

 

G)             The sale of Company (and, therefore, of the Infrastructure Items) through UPI was subject to auction of closed bids, under the terms of [Clause 5.3.8.2] of the Amendment to the PRJ and articles 60, 66, 140, item II, 141 and 142, item II, of LFR (“Auction”), according to the public notice published on [date] (“Public Notice”);

 
 

H)             Buyer’s bid, submitted on the Auction date, was declared the winner in the Auction and ratified by the Judicial Reorganization Court on [date];

 

I)                 Buyer wishes to acquire from Sellers all the shares issued by Company representing the entire share capital of Company (“Shares”), free of any liens and successions from Sellers and any of their Affiliates or Related Parties, pursuant to articles 60, 66, 140, item II, 141 and 142, item II, of the LFR and subject to the terms and conditions agreed upon in this instrument; and

 

J)                The Infrastructure Items are the subject matter of Infrastructure Sharing and/or Assignment for Use Agreements, or other Contracts that formalize the use of the space and installed capacity of these Infrastructure Items by Sellers, their Affiliates and/or Third Parties, as the case may be, as indicated in Exhibit A to this Agreement (“Existing Sharing Agreements”).

 

Now, therefore, the Parties hereby DECIDE to enter into this Share Purchase Agreement via UPI and Other Covenants (“Agreement”), pursuant to the following clauses and conditions.

 

Clause 1. Definitions

 

1.1.      Definitions. For purpose of this Agreement, the terms below, whenever in capital initials, shall have the meanings attributed thereto in this Clause 1.1:

 

Affiliate” means, in relation to any Person, any Person who directly or indirectly Controls, is Controlled by, or is under common Control with that Person, provided that Persons in the portfolio of funds managed by [name] will not be considered Affiliates of Buyer.

 

Price Adjustment” means the amount equivalent to the Final Purchase Price minus the Preliminary Purchase Price.

 

[“CADE Approval” means whichever happens first among (a) the certification of the end of the term for appeal of fifteen (15) days counted from the date of publication in the Official Gazette of Brazil of the decision for approval of the Transaction by the General Superintendence Office of CADE, without any appeal or measure having been filed before CADE or by any Third Party with standing for such in the Transaction analysis proceedings and/or without any certiorari by any member of the CADE administrative tribunal; or (b) the certification of the final and unappealable decision by the CADE Administrative Tribunal to approve the Transaction, in case the case records are submitted to its analysis, in any of the events set forth in Law No. 12,529/11 and the CADE regulations.]2

 

Leased Area” means each area of property or coverage of property leased, subleased, assigned, occupied or used in any capacity by Company for the implementation, maintenance, operation, lease, sharing or assignment for use of an Infrastructure Item

 


2 Note for the Draft: Provisions related to antitrust approvals to be excluded if not applicable at the time of executing this Agreement.

 
 

(including extensions of land or other immovable property in which the Infrastructure Items are located).

 

Independent Auditor” means any one amongst (a) Deloitte, (b) KPMG, (c) E&Y, (d) PWC or (e) BDO.

 

Governmental Authority” means any governmental agency, independent agency, division, department, court or other federal, state or municipal government body of the direct or indirect public administration, as well as any and all courts, judicial authorities and/or arbitration tribunal.

 

Brazil” means the Federative Republic of Brazil.

 

CADE” means the Administrative Council for Economic Defense.

 

Cashmeans the consolidated position of cash deposits and immediately available funds, deposited in checking accounts, savings accounts, investment funds, all financial investments and funds deposited with financial institutions and equivalents with availability within thirty

(30) days. Cash must exclude any cash retained and not freely available for being subject to any restrictions, limitations relating to use by Law, Contractual Instrument or otherwise, including guarantees for loans or subject to judicial deposits.

 

Working Capitalmeans, without any duplicity, (a) the balance of the current asset accounts – namely: (i) accounts receivable, (ii) inventories, and (iii) other operating accounts for current assets; minus (b) the balance of current liability accounts, namely: (i) suppliers,

(ii) salaries and charges, (iii) taxes payable, and (iv) any other operating accounts for current liabilities, in each case calculated in accordance with the Brazilian GAAP. For avoidance of doubt, the definition of Working Capital shall not consider the amounts included in the calculation of Cash or Debt.

 

Brazilian Civil Code” means Brazilian Federal Law No. 10,406, dated January 10, 2002, as amended.

 

Brazilian Code of Civil Procedure” means Brazilian Federal Law No. 13,105, dated March 15, 2015, as amended.

 

Knowledge” means, with respect to any Person, (i) the actual knowledge of that Person and/or any manager (including non-statutory director) of such Person, or (ii) the knowledge that is required from any of the Persons referred to in item “(i)” above due to Law.

 

Oi Sharing Agreement” means the agreement to be entered into between Company, in the capacity of contractor, Oi Móvel, in the capacity of Principal and Oi, in the capacity of intervening guarantor, to regulate the use of the Infrastructure Items as of Closing, pursuant to Exhibit 5.2.1(vi).

 

Lease Agreements” means the contracts (written or verbal) related to the lease or occupation of the respective Leased Areas and spaces in which the Infrastructure Items are

 
 

installed, such as specific lease agreements, loan for use (comodato), assignment for use of space, among others. The Lease Agreements that are formalized in writing and whose copies signed by the respective signatory parties have been duly identified by Sellers until the date hereof are described and specified in Exhibit 4.2.1(ix) (such Lease Agreements jointly referred to as “Identified Lease Agreements”).

 

Relevant Agreements” means, altogether: (i) the Existing Sharing Agreements, (ii) the Lease Agreements, and (iii) the types of Contracts listed below: (a) service agreements or employment contracts that cannot be terminated unilaterally without penalty; (b) collective labor or collective bargaining agreements entered into with unions; (c) agreements establishing investment or CAPEX commitments; (d) agreements related to purchase of assets, right to use, isolated production units or line of business; (e) real property purchase agreements; (f) shareholders’ agreements or members’ agreements or similar instruments;

(g) investment contracts in, or purchase and sale of, shares, quotas, equity interests or any other security or operating businesses or material assets; (h) business sale agreements or goodwill purchase agreements; (i) contracts of any nature that establish or agree to any obligations to pay and/or right to receive, in the next twelve (12) months from the date hereof, amounts in aggregate value equal to or greater than five hundred thousand reais (BRL 500,000.00); (j) contracts constituting, formalizing, granting or in which there is an assumption of Debt and/or constituting any type of Lien; (k) contracts limiting or prohibiting the non-occurrence of Debt, distribution of earnings, dividends and/or retention of profits; (l) judicial or extrajudicial agreements to avoid or end Demands; (m) licensing, assignment, sharing, permission or transfer agreements for intellectual property or other intangible assets;

(n) call option or put option contracts that grant any Person the right of first refusal, peremption or similar rights; (o) Profit Sharing agreements, or association, operation, partnership (commercial, operating or other) and/or joint-venture exploration agreements; (p) contracts providing for or agreeing upon the payment of royalties; (q) contracts entered into with any Governmental Authority; (r) agreements of any kind entered into between, on one side, Company and, on the other side, Sellers, their Affiliates and/or their Related Parties, including, but not limited to, lease agreements and cost-sharing agreements; (s) contracts for, or containing (i) obligations of secrecy or confidentiality, (ii) obligations of exclusivity and/or which limit or prohibit the performance or expansion of activities, operations or business (territorial or any other type) and/or (iii) pact or obligation for non-competition or non-compete or that prevent the hiring of managers, workers, employees or other Persons (non-solicit agreements); and/or (iv) obligation to dispose of material assets to conduct and transact the Business; (v) restrictions on the sale of Shares, Infrastructure Items and/or Business and that therefore require the consent of counterparties in such Contract Instruments is necessary for this purpose; and/or (t) any Contractual Instrument, pre-contract or promise to constitute or execute, directly or indirectly, any of the contracts described in items “(a)” through “(s)”, even if effectively or with suspended or conditioned execution. The Material Contracts entered into, assigned or that will be assigned to Company as a result of the Corporate Reorganization and/or involving, directly or indirectly, the Business or Assets of Company, are listed in Exhibit 6.1.16.

 

Control” means, in relation to a Person, the power to, directly or indirectly, individually or jointly with other Persons, manage and order the direction of such Person’s management and policies, by means of ownership of the majority of its voting capital, by operation of a

 
 

Contractual Instrument, or by any other means. Terms derived from Control, such as “Parent”, “Controlling”, “Controller” and other related words will have meanings similar to Control.

 

Transaction Costs” means, insofar as they occur before the Closing or simultaneously to the Closing, or the respective generating event is prior or simultaneous to the Closing, and provided that they have not been paid by Company before the Closing, without duplication, the following costs incurred or borne by Company: (i) all fees and expenses incurred or subject to reimbursement in connection with the preparation, negotiation or execution of this Agreement or the consummation of the transactions contemplated by this Agreement, or in connection with or in anticipation of any alternative transactions considered in relation to Company and/or the Business, including any costs related to the Auction, fees, expenses, commissions and costs payable or reimbursable by Company to financial advisers, brokers, banks, consultants, accountants, court fees, legal advisers or other consultants, professionals or service providers; (ii) any contracted payments due related to the change of control, transaction bonus or similar payments or indemnification that are or become due to any employee, independent service provider, consultant, executive or manager of Company and/or its Affiliates (if applicable) in connection with the transactions contemplated by this Agreement; (iii) any costs, fees or expenses related to the Corporate Reorganization (including the registration of the Corporate Reorganization documents with JUCESP or any other Governmental Authority); and (iv) any costs or expenses incurred by Company in conducting the Auction or any costs or expenses related to the procedures contemplated by the Judicial Reorganization Plan or the Amendment to the PRJ; provided that, however, such transaction costs shall not include: (a) any Debt; or (b) any amounts included in the calculation of the Working Capital.

 

Ordinary Course” in relation to Company, means conducting its activities (a) in a consistent manner in nature, scope and magnitude with past practices, and (b) in compliance, in all its relevant aspects, with the applicable law.

 

Sellers’ Fundamental Representations and Warranties mean the representations made by Sellers in Clauses 6.1.1 (Corporate Good Standing), 6.1.3 (Ownership), 6.1.4 (Power, Corporate Jurisdiction and Approvals), 6.1.5 (Sellers’ Bylaws and Judicial Reorganization Plan), 6.1.6 (Outstanding Securities and Issuance of Shares), 6.1.10 (Solvency), 6.1.26 (Pre- Operating Company), 6.1.27 (Brokerage Commission) and 6.1.28 (Good Practices).

 

Demand” means any action, proceeding, deficiency notice, order, judicial or extrajudicial notification, notice of violation or non-compliance, claim, notice, plea, complaint, investigation, execution, judicial or administrative proceeding, arbitration proceeding or any investigation of any nature.

 

Business Day” means any day (i) that is not a Saturday or Sunday, or (ii) when commercial banks are open for business at regular business hours in the municipality of Rio de Janeiro, State of Rio de Janeiro, in the municipality of São Paulo, State of São Paulo, in Brazil, and in New York, State of New York, in the United States of America.

 
 

Drop-Down of Indoor Sites” means the increase in the Company’s share capital decided on [date], which was subscribed by Oi Móvel and paid in by Oi Móvel through the contribution, assignment and transfer of the Indoor Sites to Company’s capital, so that Company became the legitimate holder and owner of said Indoor Sites.

 

Drop-Down of Outdoor Sites” means the increase in the Company’s share capital decided on [date], which was subscribed by TMAR and paid in by TMAR through the contribution, assignment and transfer of the Outdoor Sites to Company’s capital, so that Company became the legitimate holder and owner of said Outdoor Sites.

 

Material Adverse Effect” means any circumstance, condition, event, change or occurrence (“Event”) that, individually or in conjunction with one or more Events, adversely and materially affects (i) the Business, financial or operating conditions, assets and/or the results of the Company’s operations; or (ii) the ability of the Company and the Parties to comply with the obligations assumed herein and to consummate the legal transactions provided for herein, within the terms set forth in this instrument. Without limiting the foregoing, any Events that, individually or in conjunction with one or more Events, result in a Loss (and, notwithstanding the definition of Loss and exclusively for the purposes of this definition of Material Adverse Effect, it will include loss of profits and loss of revenues), contingent or effective, negative financial impacts, imposition of payments or disbursements in an amount equal to or greater than one hundred million reais (BRL 100,000,000.00), will necessarily be considered and interpreted as a “Material Adverse Effect” for the purposes of this Agreement. However, no Event will be considered a “Material Adverse Effect” for the purposes of this Agreement when arising from or attributable to any of the factors listed below, either alone or in conjunction with each other: (a) general changes in economic or political conditions that generally affect the sectors or market in which Company and Buyer operate; (b) acts of war (declared or not), sabotage or terrorism, military actions or military escalation after the date hereof, (c) foreseeable developments, on the date of execution of this Agreement, of pandemics and public health crises, or (d) any changes in the applicable laws or accounting or tax rules, which may occur after the date hereof; provided, however, that any Event arising from or attributable to the events “(a)” through “(d)” above will not be disregarded for the purposes of determining a Material Adverse Effect only if and to the extent that such an Event has a disproportionate adverse impact on the business or operations of Company, when compared to other Persons operating in the same sectors and markets in which these Persons operate.

 

Debt” means, in relation to a Person: (i) all long and short term debts, past due and unpaid and due, including with financial institutions and suppliers, regardless of whether they are secured or not; (ii) any overdue amounts owed to Employees and service providers that have not been paid by the originally agreed term; (iii) all overdue amounts, in installments or not, due and not paid to federal, state or municipal tax and contribution collection agencies; (iv) any overdue accounts payable; (v) any and all operating and/or financial leasing transactions contracted and in force; (vi) any dividends, interest on the stockholders’ equity, other pecuniary advantages and/or any other form of profit sharing, in cash or in kind declared and unpaid; (vii) any Transaction Costs; and (viii) any and all amounts related to interest incurred up to the date of assessment of the Debt, as well as any fines incurred and not yet incorporated into the principal amount; in any case, calculated under Brazilian GAAP.

 
 

 

Operator Equipment” means, all together, the generators, telecommunications, radio and other equipment present in the structures of any Infrastructure Item and which are the property of Sellers and/or their Affiliates, as well as their antennas and/or connection cables for such equipment that are apt to provide Personal Mobile Service and/or Specialized Mobile Service. Operator Equipment include, but not limited to, dedicated equipment, power cables for Sellers’ and their Subsidiaries’ shelter/container, fiber optic cables, radio frequency and transmission antennas and their cables, exclusive and specific grounding system for these equipment and associated grounding devices with coaxial cables, shelter / container / Outdoor Base Radio Station of Sellers and their Affiliates, all electronics and batteries associated with the shelter / container / Outdoor Base Radio Station of Sellers and their Affiliates, specific internal and external grounding of the shelter / container / Outdoor Base Radio Station of Sellers and/or their Affiliates (including the physical grounding material and the physical connection between the Operator Equipment and the general grounding system of the site), generators, diesel tanks, active and passive security system, telephone lines, COW (Cell on Wheels) base radio station, and any substations and power transformers dedicated solely to Sellers and/or their Affiliates, all energy contracts related to the Operator Equipment, as well as the operating rooms and masonry shelters, but always excluding their respective foundations.

 

Site Equipment” means the physical assets (with the exception of the property, shelters, containers or other types of equipment), located in a given Infrastructure Item, which are utilized for the use, operation, exploration or management of the Infrastructure Item in question.

 

Base Radio Station” means the equipment of the Personal Mobile Service or Specialized Mobile Service network located in an Infrastructure Item that is responsible for communicating with the terminal equipment of the users of these services, through the transmission and reception of signals in the frequency bands authorized for the Personal Mobile Service or Specialized Mobile Service.

 

Closing” means the closing of the Transaction, by means of the assignment and transfer of the Shares to Buyer and practice of the other acts provided for in Clause 5.2.

 

Brazilian GAAP” means the accounting principles generally accepted in Brazil, based on the Brazilian Corporations Law, the regulations of the Federal Accounting Council - CFC, the pronouncements of the Accounting Pronouncement Committee - CPC, and the regulations of the Brazilian Securities Commission - CVM.

 

Lienmeans any encumbrances, claims, pledges, liens, security interests, options, right of first refusal, rights of first offer, debts, charges or restrictions, shareholders’ agreements or of any other type (including as related to the use, voting, transfer, receipt of earnings or exercise of any of the ownership rights).

 

Dommo Merger” means the merger of Dommo Empreendimentos Imobiliários Ltda., a limited liability company with head offices in the City of São Paulo, State of São Paulo, at Avenida das Nações Unidas, n.° 12.901, 27° andar, Brooklin Paulista, ZIP CODE 04578-

 
 

910, and registered with the CNPJ/ME under No. 04.034.792/0001-76 (“Dommo”) into TMAR, carried out on July 1, 2020, whereby TMAR succeeded Dommo in all the right and obligations and Dommo, in turn, was extinguished by operation of law, under the terms and as provided for in the Brazilian Corporations Law and the Brazilian Civil Code.

 

Sensitive Competition-Related Information” means any and all data and information that may in any way influence the Parties' business decision-making process and business strategies, and influence their ability to compete independently in the market, including, but not limited to: (i) business plans, budgets, undisclosed/published accounting information, information regarding production capacity, costs, terms of contracts with suppliers, among others; and (ii) any industrial, trade or any other type of secrets related to the activities carried out, as well as information on assets, products, production levels, pricing and discount strategies, technology, market studies, customer lists, commercial and/or marketing strategies, future expansions or business, logistics, employee compensation, non-public information about brands and patents (R&D), among other.

 

Minimum Revenue Index” means a set of Infrastructure Items that, in aggregate, represent eighty percent (80%) of the Annual Pre-Closing Revenue.

 

Contracts” means any agreement, contract, order, commitment or other instrument entered into by any Person.

 

IPCA/IBGE” means the Broad Consumer Price Index — IPCA, disclosed by the Brazilian Institute of Geography and Statistics — IBGE, or another index that may replace it.

 

Infrastructure Items” means, specifically and altogether, the telecommunication infrastructure sites (including, therefore, Outdoor Sites and Indoor Sites) specified in Exhibit B, which are comprised of the set including a Tower and/or Roof Top. For the avoidance of doubt, the definition of Infrastructure Items expressly excludes any and all Operator Equipment, but includes Site Equipment.

 

Lawmeans any law, code, ordinance, rule, resolution, normative instruction, regulation, treaty, convention and/or any other determination, order, writ, injunction, decision, judgment, award and/or decree issued by any competent Governmental Authority regarding any Party and/or their respective assets.

 

Brazilian Corporations Law” means Brazilian Federal Law No. 6,404, dated December 15, 1976, as amended.

 

Brazilian Anti-Corruption Lawsmeans, as amended from time to time, (i) all Brazilian Laws on corruption, bribery, fraud, conflict of public interests, misconduct, violation of public bidding and procurement, money laundering, political or electoral donations, or management of businesses without commitment to ethics, including, among others, Decree- Law No. 2,848/1940 (Criminal Code), Brazilian Federal Law No. 8,429/1992 (Law on Misconduct in Office), Brazilian Federal Law No. 9,504/1997 (Electoral Law), Brazilian Federal Law No. 8,666/1993 (Contract and Public Bidding Law), Brazilian Federal Law No. 12,813/2013 (Conflict of Interest Law), Brazilian Federal Law No. 9,613/1998 (Money

 
 

Laundering Act) and Brazilian Federal Law No. 12,846/2013 (Anti-Corruption Law), as amended by Federal Decree No. 8,420/2015 (Anti-Corruption Decree); (ii) the Foreign Corrupt Practices Act of 1977 of the United States of America; and (iii) the list of Specially Designated Nationals and Blocked Persons kept and frequently updated by OFAC, as well as any act imposed or applied by OFAC.

 

LFR” means Law No. 11,101, dated February 9, 2005, as amended.

 

License” means any and all authorization, permit, consent, approval, order, resolution, license, concession, permission, exemption, declaration, grant, certification, decree, registration and/or annotation issued, granted or conferred by any Governmental Authority, including, but not limited to, environmental, regulatory and urban licenses.

 

Site License” means any and all applicable License, as necessary and/or required by Law for the construction, implementation, installation, lease, use, exploration, operation and management of the Infrastructure Items and/or for occupation of the Leased Areas.

 

Verification Moment” means 11:59 pm (Brasília standard time) of the day before the Closing Date.

 

OFAC” means the Office of Foreign Assets Control of the U.S. Department of the Treasury.

 

Indemnified Party” means Buyer Indemnified Party or Sellers Indemnified Party, as the case may be.

 

Related Party means, with regard to any Person, any of its Affiliates, as well as (i) in case of a legal entity, or other organization with or without legal personality, (a) its managers, including non-statutory directors, and their respective spouses and/or relatives up to the 3rd degree (and respective spouses thereof); and (b) managers, including non-statutory directors, and their respective spouses and/or relatives up to the 3rd degree (and respective spouses thereof) of any Affiliate of the Person in question, (ii) in case of an individual, the spouse and/or relatives up to the 3rd degree (and respective spouses thereof) of such Person, or (iii) any legal entity in which any of the Persons mentioned above holds, individually or jointly, directly or indirectly, more than ten percent (10%) of its share capital (or equivalent equity interest thereon).

 

Person” means any individual, legal entity, businessperson, general partnership or company (including, but not limited to, corporations, limited liability companies or other types of companies), foundation, investment fund, association, partnership, consortium, trust, fiduciary entity or any other entity or organization, with or without legal personality, or any Governmental Authority.

 

Loss” means any and all losses, damages, liabilities (including obligations related to Taxes), shortcomings, obligations, losses, penalties, encumbrances, claims, actions, proceedings, decisions (judicial, administrative, arbitration or similar), judgments, awards, agreements and, provided that they are reasonable and documented, costs, expenses and disbursements (including, but not limited to, court deposits, attorneys’, accountants’ and experts’ fees, costs

 
 

of loss of suit and administrative fees/costs, including those incurred in the conduct of any proceeding, action or Demand) of any type or nature, as well as adjustment for inflation, default and/or compensatory interest, fines and any other additions and/or penalties applicable, whether by operation of law or Contractual Instrument. The following are expressly excluded from the definition of “Loss”: moral damages, indirect damages, image damages, loss of profits and losses of revenue.

 

Judicial Reorganization Plan” means the judicial reorganization plan of Oi and its direct and indirect subsidiaries TMAR, Oi Móvel, Portugal Telecom International Finance BV — Under Judicial Reorganization, and Oi Brasil Holdings Cooperatief UA — Under Judicial Reorganization — jointly with companies COPART 4 Participações S.A. — Under Judicial Reorganization and COPART 5 Participações S.A. — Under Judicial Reorganization, which were subsequently merged, respectively, into Oi and TMAR — approved at a creditors’ general meeting held on December 19 and 20, 2017 and ratified by the Judicial Reorganization Court on January 8, 2018, as amended pursuant to the Amendment to the PRJ approved at the Creditors’ General Meeting held on [date].

 

Annual Revenue Price Disclosed” means the amount of [•] reais (BRL [•])3, corresponding to the sum of the net revenue accumulated in April, May and June 2020 from the Outdoor Sites (which corresponds to the amount of [•] reais (BRL [•]))4) and the Indoor Sites (which corresponds to the amount of [•] reais (BRL [•]))5, multiplied by four (4), to establish the revenue in annual terms, as disclosed by Sellers in the scope of the Auction and contained in the Public Notice. The Annual Revenue Price Disclosed will be subject to the adjustments provided for in Clause 3 below.

 

Annual Indoor Revenue Price” means (i) the sum of the accumulated net revenue of the Indoor Sites in the last three (3) full months immediately prior to the month in which the respective calculation will occur, as adjusted to exclude the effects of revenues arising from expired or extinct Contracts (either by decision of either party or due to expiration thereof),

(ii) multiplied by four (4), to establish such revenue in annual terms; and (iii) multiplied by [•] ([•])6.

 

Annual Outdoor Revenue Price” means (i) the sum of the accumulated net revenue of the Outdoor Sites in the last three (3) full months immediately prior to the month in which the respective calculation will occur, as adjusted to exclude the effects of revenues arising from expired or extinct Contracts (either by decision of either party or due to expiration thereof),

(ii)    multiplied by four (4), to establish such revenue in annual terms; and (iii) multiplied by [•] ([•])7.

 

 

 


3 Note for the Draft: To be filled in with Annual Revenue Disclosed in the Auction/Public Notice.

4 Note for the Draft: To be filled in with the amounts disclosed by Sellers in the Public Notice.

5 Note for the Draft: To be filled in with the amounts disclosed by Sellers in the Public Notice.

6 Note for the Draft: To be filled in with the multiple of the Indoor Sites offered in the winning bid of the Auction.

7 Note for the Draft: To be filled in with the multiple of the Outdoor Sites offered in the winning bid of the Auction.

 

 
 

Annual Pre-Closing Revenue Price” means the Annual Revenue to be estimated by Sellers with the calculation base date being the Closing Date, in the manner and subject to the provisions in Clause 3 below, provided that, for the purposes of calculating the Annual Pre- Closing Revenue, Sellers will hire an Independent Auditor to calculate the Annual Outdoor Revenue and Annual Indoor Revenue of at least one (1) of the three (3) months used as the basis for the calculation of said Annual Pre-Closing Revenue and that Sellers will deliver supporting documentation, including proof of payments, to Buyer as provided for in this Agreement.

 

Full Regularization” means, in relation to a Lease Agreement, (a) the formalization, by means of a written Contractual Instrument, of the occupation and/or lease by Company of the Leased Area(s) pertinent to the respective Lease Agreement; (b) the assignment and transfer of the Lease Agreement to Company (as lessee, assignee and/or grantee), under the same commercial conditions currently in force (including term and other terms and conditions), except for annual remuneration, which may vary up to five percent (5%) compared to the value in effect on the date hereof (any amounts of the annual remuneration mentioned above that exceed the percentage of five percent (5%) referred to above, “Regularization Cost Increase”); and (c) the obtainment of consent by the counterparty to said Lease Agreements, where applicable according to their terms, for the implementation of the Corporate Reorganization and the Closing and performance of the acts provided for in item “(b)” above. For clarification purposes, the value in effect, on the date hereof, of the annual remuneration of the Lease Agreements related to the Leased Areas, is broken down, individually for each Infrastructure Item, in the corresponding column “Current Lease Value” in Exhibit B8.

 

Corporate Reorganization” means, altogether, the following operations and legal transactions: (a) Dommo Merger; (b) Drop-Down of Outdoor Sites; and (c) Drop-Down of Indoor Sites.

 

[“Substantial Competitive Restrictions” means, for the purposes of this Agreement, the following measures: (a) the divestment, sale, disposal of, burdening, cancellation of contracts or obligation to license any transaction, business or asset of Buyer and/or its Affiliates; (b) the sale or disposal of any portion of Company’s operations, businesses or assets; or (c) disbursement of any amounts that cause any substantial adverse change, compared to the situation of Company or Buyer and/or their Affiliates on the date of execution of this Agreement, with respect to the business, assets, condition (financial, equity or other), operating prospects or results of the Company or Buyer and/or their Affiliates, as the case may be, which exclusively with respect to item “(b)” above represent any restrictions on operations, businesses or assets of Company that account for more than twenty percent (20%) of the Annual Revenue Disclosed generated by all Infrastructure Items.]9

 

 

 


8 Note for the Draft: To be filled in with the information on the base date of executing the agreement. Information supporting the base values will be submitted for purposes of validating such values prior to execution of the agreement.

9 Note for the Draft: Provisions related to antitrust approvals to be excluded if not applicable at the time of executing this Agreement.

 

 
 

Roof Tops” means, in infrastructure, the set of structures and spaces allocated to bear the radiofrequency and transmission antennas, with safety and within the acceptable limits for angular deformation (bending plus torsion) and their respective accessories: support and fixation base for the vertical structures, lighting (including light barrier, photocell and wiring controls), pedalboards (including fall arrest safety cable), vertical or horizontal cable bed, grounding system (including lightening rod, wires and ground connections and the specific grounding mesh for the structure), beacons, access stairways and platforms, fixation/support structure for the equipment, switchboards, power piping and electrical cables. Roof Tops are usually assembled on: (i) slabs of building roofs; (ii) roofs; (iii) water tanks; (iv) facades (antennas only); and (v) any combination of the items above. Additionally, the characterization of Roof Tops considers that they have a fully functional Base Radio Station owned by Sellers, its respective Affiliates and/or Third Parties.

 

Corporate Reorganization Oi Companies” mean, altogether, the following companies: (i) TMAR; and (ii) Oi Móvel.

 

Indoor Sites” means, altogether, the Infrastructure Items identified in Exhibit B in the “Indoor Sites” tab.

 

Outdoor Sites” means, altogether, the Infrastructure Items identified in Exhibit B in the “Outdoor Sites” tab.

 

DI Ratemeans the annual average rate (considering a year of 252 business days) related to transactions with Interbank Deposit Certificates – CDI, with a term equivalent to one (1) Business Day (over), assessed and disclosed on a daily basis by B3 S.A. – Brasil, Bolsa, Balcão, by rounding the daily factor in the eighth decimal place. If, for any reason, the DI Rate is extinguished, replaced or not disclosed, the interest rate that officially replaces it, or, in its absence, any other that best reflects the average variation of the raising costs in the national interbank market shall be applied.

 

TED” means electronic transfer of funds immediately available.

 

Third Party” means any Person other than the Parties.

 

Towers” means every structural set capable of supporting the installation of transmission and radiofrequency antennas with safety and within the acceptable limits for angular deformation - bending plus torsion, including the tower structure, the foundation of the tower structure, the tower lighting (including light barrier, photocell and wiring controls, cables), the tower work platform, all antenna supports and tower equipment, tower rest platforms, stairways to the tower (including the fall arrest safety cable, body guard, bracings, vertical and horizontal stretching, the general grounding system of the tower (including lightning rods, wires and ground connectors for the tower and the land grounding mesh), site grounding system (including the global grounding system for the site regarding fences, walls, doors, recipients, gates and energy inputs), power input panel where the meters are located, concrete foundations and/or metal shelters for power input, power infrastructure from the utility company’s distribution network, the power input pattern, including ducts, posts and power piping and fiber optic, junction boxes as well as the materials related to the site perimeter

 
 

(such as walls, fences, gates, etc.), metal skids for the Base Radio Station, concrete base for the Base Radio Station, metallic “eco box” (structure in metal profiles and checkered-plate floor and variable sizes) for the Base Radio Station, site lighting system, industrial outlet for a generator (steck), excluding any equipment that are installed in or attached to the Tower. Additionally, the characterization of Towers considers that they have a fully functional Base Radio Station owned by Sellers, its Affiliates and/or Third Parties.

 

Taxes” mean all taxes, contributions, charges, rates, fees, duties, social contributions or other governmental charges of any nature, including, without limitation, all income taxes, withheld at the source or not, on capital gains, share capital, transfer, sale, use, occupation, ownership, consumption, franchise, severance, paid leave, payroll, federal, state, municipal and local taxes withheld at source and other taxes, as well as accretions, fines and interest in relation to any said amounts.

 

UPI” means an isolated production unit, pursuant to article 60 of the LFR and the Judicial Reorganization Plan.

 

Annual Revenue Amount” means the sum of the Annual Outdoor Revenue Price and the Annual Indoor Revenue Price, in both cases calculated as described in this Agreement, on the same date and with respect to the same calculation period.

 

1.2.Other Definitions. Without prejudice and in addition to the terms defined in Clause

1.1 above, the following terms are defined in the wording of the Agreement:

 

 “Shares” 7
 “Amendment to the PRJ” 6
 “Closing AGE” 23
 “Arbitration” 42
 “Company Assets” 26
 “Regularization Cost Increase” 13
 “Final Cash” 18
 “Pre-Closing Cash” 17
 “Chamber” 42
 “Final Working Capital” 18
 “Pre-Closing Working Capital” 17
 “Closing Certificate” 18
 “Pre-Closing Certificate” 17
 “CNPJ/ME” 6
 “Company” 6
 “Buyer” 6
 “Exhibit Update Communication” 44
 “Buyer Conditions Precedent” 19
 “Closing Conditions Precedent” 20
 “Parties Conditions Precedent” 19
 “Sellers Conditions Precedent” 20
 “Agreement” 7
 “Existing Sharing Agreements” 7
 
 

 

 “Lease Agreements Identified” 8
 “Agreements Pending Regularization” 38
 “Relevant Company Agreements” 28
 “Regularization Costs” 39
 “Adjustment Payment Date” 19
 “Closing Date” 22
 “Closing Deadline” 22
 “Defense” 35
 “Third Party Demand” 35
 “Financial Statements” 26
 “Dispute” 42
 “Dommo” 11
 “Public Notice” 7
 “Employees” 29
 “Final Debt” 18
 “Pre-Closing Debt” 17
 “Event” 10
 “Sellers Affiliates Real Properties” 23
 “Confidential Information” 45
 “Intervening Consenting Sellers” 6
 “Overload Irregularities” 39
 “Sites Irregularities” 25
 “Judicial Reorganization Court” 6
 “Auction” 7
 “Maximum Limit” 37
 “Business” 7
 “Notice of Third Party Demand” 35
 “Notice of Indemnification” 35
 “Notice of Procedure” 35
 “Notice of Irreversible Situation” 39
 “Notice of Sellers Disagreement” 18
 “ Oi Móvel” 6
Oi 6
 “Transaction” 17
 “Term Installment” 17
 “Cash Installment” 17
 “Purchase Price Installments” 17
 “Buyer Indemnified Party” 33
 “Sellers Indemnified Party” 34
 “Indemnifying Party” 35
 “Party” 6
 “Buyer Indemnified Parties” 33
 “Sellers Indemnified Parties” 34
 “Parties” 6
 “Global De Minimis Amount” 37
 “Individual De Minimis Amount” 37
 “Amicable Negotiation Period” 18
 
 

 

 “Base Price” 17
 “Final Purchase Price” 17
 “Preliminary Purchase Price” 17
 “Final Annual Revenue” 18
 “Revenue Received” 39
 “Judicial Reorganization” 6
 “Regulation” 42
 “Final Adjustment Report” 18
 “Positive Balance” 19
 “Irreversible Situation” 38
 “TMAR” 6
 “Tribunal” 42
 “Sellers” 6

 

1.3.      Interpretation. The titles and headings contained in this Agreement are included for convenience purposes only and shall not affect in any way whatsoever the meaning or interpretation of this Agreement. In case of conflict or ambiguity among any provision included herein and any provision included in any Exhibit, the provision included herein shall prevail. Except if the context states otherwise, (i) references to sub-clauses, clauses and Exhibits are references to sub-clauses, clauses and Exhibits of this Agreement and the words “herein”, “hereof”, “hereby” and the like, whenever used in this Agreement, refer to this Agreement as a whole and not to any provision of this Agreement in particular; (ii) references to one gender include all genders and the use of singular includes the plural, and vice-versa;

(iii)     whenever the word “including”, “inclusive” or “include” is used in this Agreement, it shall be deemed to be followed by the expression “but not limited to”; (iv) except if expressly set forth otherwise herein, all references to any Parties include their successors, beneficiaries, representatives and permitted assignees; (v) references to any contracts, agreements or other instruments include all changes, substitutions and consolidations and respective complements thereto, unless expressly provided otherwise, and (vi) if any action is to be taken by either Party, under the terms of this Agreement, on a date other than a Business Day, such action shall be performed on the first subsequent Business Day, and any and all terms set forth herein must be counted pursuant to article 132 of the Brazilian Civil Code.

 

Clause 2.

Transaction

 

2.1.      Sale and Purchase. Subject to verification (or waiver, as applicable) of the Closing Conditions Precedent and subject to the other terms and conditions in this Agreement, Sellers irrevocably and irreversibly undertake to sell and transfer, on the Closing Date and under the terms of the Articles 60, 66, 140, item II, 141, item II and 142, item II, of the LFR, all Shares to Buyer, free and clear of any liens, and Buyer, in turn, irrevocably and irreversibly undertakes to acquire the Shares from Sellers as set forth in this Agreement (“Transaction”).

 

2.2.      Transfer of Shares. The Shares will be transferred by Sellers to Buyer, on the Closing Date, free and clear of any liens, so that Buyer becomes directly or indirectly the sole holder of all the Shares, without prejudice to the provisions of Clause 5.2 of this Agreement.

 
 

Clause 3.

Purchase Price and Payment

 

3.1.Purchase Price.

 

3.1.1. The “Preliminary Purchase Price” will be equivalent to (i) [•] reais (BRL [•])10 (“Base Price”), (ii) minus the amount, if any, of the Pre-Closing Working Capital that is less than zero; (iii) plus the amount, if any, of the Pre-Closing Working Capital that is greater than zero; (iv) minus the amount, if any, of the Pre-Closing Debt that is greater than zero; (v) plus the amount, if any, of the Pre-Closing Cash that is greater than zero; (vi) minus the amount, if any, of the Pre-Closing Annual Revenue Price that is less than the Annual Revenue Price Disclosed; (vii) plus the amount, if any, of the Pre-Closing Annual Revenue Price that is greater than the Annual Revenue Price Disclosed.

 

3.1.2. The “Final Purchase Price” will be equivalent to (i) the Base Price, (ii) minus the amount, if any, of the Final Working Capital that is less than zero; (iii) plus the amount, if any, of the Final Working Capital that is greater than zero; (iv) minus the amount, if any, of the Final Debt that is greater than zero; (v) plus the amount, if any, of the Final Cash that is greater than zero; and (vi) minus the amount, if any, of the Final Annual Revenue Price that is less than the Annual Revenue Price Disclosed; (vii) plus the amount, if any, of the Final Annual Revenue Price that is greater than the Annual Revenue Price Disclosed.

 

3.2.      Pre-Closing Adjustment. Within fifteen (15) days before the Closing Date, Sellers must prepare and submit to Buyer their calculations (“Pre-Closing Certificate”) of their best estimate: (i) for the Company’s Working Capital for the Verification Moment (“Pre-Closing Working Capital”); (ii) for the Company’s effective Debt at the Verification Moment (“Pre- Closing Debt”); (iii) for the Company’s Cash at the Verification Moment (“Pre-Closing Cash”); (iv) for the Pre-Closing Annual Revenue Price (together with a copy of the interim balance sheets - one of which must be audited by an Independent Auditor, as defined in the Pre-Closing Annual Revenue Price provided for in Clause 1.1 above - and supporting documentation); and (v) based on Pre-Closing Working Capital, Pre-Closing Debt, Pre- Closing Cash and Pre-Closing Annual Revenue, the calculation of the Preliminary Purchase Price, in all cases, made in accordance with Brazilian GAAP.

 

3.3.      Payment of the Preliminary Purchase Price. Payment of the Preliminary Purchase Price must be made by Buyer to Sellers (always proportionally to their respective interest in the Company’s share capital, to be indicated by Sellers in the Pre-Closing Certificate), net of any withholding at source or deduction of any Tax or banking fees, in Brazilian currency and in immediately available funds, by means of available wire transfer — TED to Sellers’ bank accounts to be indicated by Sellers in the Pre-Closing Certificate, simultaneously to the transfer to Buyer of the title to said Shares, as follows: (i) an initial installment of the Preliminary Purchase Price, in an amount equivalent to eighty percent (80%) of the Preliminary Purchase Price (“Cash Installment”) will be paid to Sellers on the Closing Date; and (ii) an installment corresponding to twenty percent (20%) of the Preliminary Purchase

 


10 Note for the Draft: Corresponds to the amount of the Annual Revenue Disclosed multiplied by the multiples offered in the winning bid of the Auction.

 
 

Price (“Term Installment” and, together with the Cash Installment, the “Purchase Price Installments”) will be retained and will serve as a guarantee for payment of the Price Adjustment. The Term Installment will be retained and/or paid (in whole or in part) by Buyer to Sellers or reverted (in whole or in part) to Buyer under the terms of Clause 3.6.4.

 

3.4.      Discharge. Proof of payment via TED in the amount of any of the Purchase Price or Price Adjustment Installments to the bank accounts owned by Sellers as indicated on the Pre- Closing Certificate or to the bank account owned by Buyer to be indicated by in writing (as the case may be) will serve, for all legal purposes and effects, as proof of discharge from the obligation to pay the Purchase Price or Price Adjustment Installments (as the case may be), as well as the fullest, complete, general, absolute, irrevocable and irreversible discharge granted by Sellers to Buyer or by Buyer to Sellers (as the case may be), so that the Parties can no longer complain, at any time and under any title, in relation to the payment of such amounts.

 

3.5.      Transaction Taxes. Each Party will be fully liable for the payment of any and all Taxes that may be levied (i.e., the obligation of which is imposed on the Party in question under the terms of the Law) as a result of this Transaction.

 

3.6.      Price Adjustment. Within seventy-five (75) days from the Closing Date, Buyer must prepare and send to Sellers its calculations (“Closing Certificate”) for (i) the Annual Revenue with base date of calculation for the Closing Date (“Final Annual Revenue”), (ii) the Company’s effective Working Capital at the Verification Time (“Final Working Capital”),

(iii) the Company’s effective Debt at the Verification Time (“Final Debt”), (iv) the Company’s effective at the Verification Time (“Final Cash”), and (v) based on Final Annual Revenue, the Final Working Capital, Final Debt and Final Cash, the calculation of the Final Purchase Price and the Price Adjustment; in all cases, calculated in accordance with the Brazilian GAAP. If Buyer fails to deliver a Closing Certificate to Sellers within seventy-five

(75) days from the Closing Date, the Price Adjustment will be equivalent to zero and Buyer shall pay the Term Installment to Sellers as provided for in Clause 3.6.4.

 

3.6.1. If Sellers disagree with the amounts included in the Closing Certificate, any of Sellers must submit to Buyer a notice to that effect within thirty (30) days from receipt of such Closing Certificate, in order to justify their disagreement in details by specifying each item that makes up the Final Annual Revenue, Final Working Capital, Final Debt, Final Cash, Final Purchase Price and Price Adjustment, and enclosing relevant supporting documentation (“Notice of Sellers Disagreement”). The absence of timely submission by any of Sellers of said Notice of Sellers Disagreement will be considered as tacit approval by Sellers of the amounts for the Final Annual Revenue, Final Working Capital, Final Debt, Final Cash, Final Purchase Price and Price Adjustment notified by Buyer on the Closing Certificate. In the event that Sellers send a Notice of Sellers Disagreement, then Buyer and Sellers agree to use their best efforts to resolve such disagreements amicably within fifteen (15) days from receipt of such Notice of Sellers Disagreement (“Amicable Negotiation Period”).

 

3.6.2. If, at the end of the Amicable Negotiation Period, the Parties cannot reach an agreement, then the Parties shall designate by mutual agreement, within fifteen (15) days, one of the Independent Auditors (excluding those who, on the contracting date, are the

 
 

independent auditor of either Party) to review only the controversial items of the Closing Certificate and determine the amount of Final Annual Revenue, Final Working Capital, Final Debt, Final Cash, Final Purchase Price and Price Adjustment. Upon the request of the Independent Auditor, the Parties shall provide all working papers and all other information and materials in their possession related to the items on which there is disagreement. The Parties will instruct the Independent Auditor so that the amount of the Final Annual Revenue, Final Working Capital, Final Debt, Final Cash, Final Purchase Price and Price Adjustment is not, under any circumstances, lower than the lowest amount or higher than the highest amount informed in the Closing Certificate or in the Notice of Sellers Disagreement. Within thirty (30) days after being hired, the Independent Auditor must send the Parties a written report with its conclusions on the controversial items and the amounts for the Final Annual Revenue, Final Working Capital, Final Debt, Final Cash, Price of Final Purchase and Price Adjustment, together with the calculation spreadsheets and corresponding justification (“Final Adjustment Report”). The Final Adjustment Report will be considered final and binding on the Parties, unless fraud or manifest errors occur, such as basic algebra errors, when either Party may report the error to the Independent Auditor in writing, and with a copy to the other Party, so that the Independent Auditor can correct such an error.

 

3.6.3. If the Price Adjustment determined by the Independent Auditor is closer to the amount informed in the Closing Certificate, the costs related to the hiring of the Independent Auditor shall be borne entirely and exclusively by Sellers. If the Price Adjustment determined by the Independent Auditor is closer to the amount informed in the Notice of Sellers Disagreement, the costs related to the hiring of the Independent Auditor shall be borne entirely and exclusively by Buyer.

 

3.6.4. If the Final Purchase Price, as indicated in the Closing Certificate, the Final Adjustment Report or the one agreed between the Parties during the Amicable Negotiation Period, as the case may be, is equivalent to an amount:

 

(i)               less than the amount of the Cash Installment, then (a) Buyer will permanently retain the Term Installment for its own benefit, and nothing else will be due by Buyer to Sellers as payment for the Shares, and (b) Sellers will pay Buyer an amount corresponding to the difference between the amount of the Cash Installment and the Final Purchase Price adjusted by the DI Rate from the Closing Date until the date of the actual payment thereof;

 

(ii)             equal to the amount of the Cash Installment, then Buyer will permanently retain the Cash Installment for its own benefit, and nothing else will be due by Buyer to Sellers as payment for the Shares;

 

(iii)          greater than the amount of the Cash Installment, but less than the Preliminary Purchase Price (such an amount referred to as the “Positive Balance”), then (a) Buyer will pay to Sellers a portion of the Term Installment corresponding to the Term Installment less the Positive Balance (adjusted by the DI Rate from the Closing Date to the date of the actual payment thereof), and (b) Buyer will permanently retain the balance of such Term Installment;

 
 

(iv)           greater than the Preliminary Purchase Price, then Buyer will pay to Sellers the full amount of the Term Installment, as well as any amount that exceeds the Term Installment (adjusted, in both cases, by the DI Rate from the Closing Date until the date of the actual payment thereof).

 

3.7.      Payment of the Price Adjustment. The Price Adjustment amount due by one Party to the other pursuant to Clause 3.6.4 shall be paid by Buyer or by Sellers, as the case may be, by the fifth (5th) Business Day counted from the final determination of the Price Adjustment amount under the terms stipulated above (“Adjustment Payment Date”), through TED to the

(i) checking account held by Sellers indicated in the Pre-Closing Certificate, if Sellers are entitled to receive such amounts; or (ii) bank account held by Buyer to be indicated in writing in due course, if Buyer is entitled to receive such amounts.

 

3.7.1. If the Price Adjustment is to be paid by Buyer to Sellers, and Buyer fails to fully pay the amounts due within the period indicated above, Sellers may, at any time and at their sole discretion, withhold the payment flow to which Company is entitled based on the Oi Sharing Agreement and offset the defaulted amounts, by sending a simple notice to Buyer and Company, accordingly.

 

3.7.2. Failure to pay the Price Adjustment within the periods indicated in Clause 3.7 above will subject the defaulting Party to bear the payment of late-payment interest of one percent (1%) per month on the outstanding balance, calculated pro rata temporis, without prejudice to the provisions in article 389 of the Brazilian Civil Code.

 

Clause 4.

Conditions Precedent for the Closing

 

4.1.Parties Conditions Precedent. Without prejudice to the provisions of Clauses 4.2 and

4.3 below, as applicable, the obligation of the Parties to consummate the Closing, as detailed in Clause 5.2, is subject to the satisfaction of the following conditions precedent, up to or on the Closing Date (“Parties Conditions Precedent”):

 

4.1.1.List of Parties Conditions Precedent:

 

(i)               all requirements and formalities set forth in the LFR and in the Amendment to the PRJ that are required for the Closing and to consummate the Transaction must have been fulfilled;

 

(ii)             absence of any Law prohibiting, suspending, altering or limiting, in any way, the consummation of the operations contemplated by this Agreement and/or its Exhibits;

 

(iii)[the Parties must have obtained CADE Approval, pursuant to Clause 4.4 below]11;

 

(iv)           the legal period for the filing of any appeals must have elapsed or, if any appeals have been filed, a judicial decision granting a suspensive effect to such appeals filed against (a)

 


11 Note for the Draft: Provisions related to antitrust approvals to be excluded if not applicable at the time of executing this Agreement.

 
 

the judicial decision for ratification of the Amendment to the PRJ shall not be in force; and/or

(b) the judicial decision for ratification of the winning bid of the Auction, under the terms of the Amendment to the PRJ and the LFR;

 

(v)             no judicial decision shall be in force that prohibits, limits or determines the postponement of the consummation of the operations contemplated by this Agreement and/or its Exhibits.

 

4.2.      Buyer Conditions Precedent. Without prejudice to the provisions of Clauses 4.1 and 4.3, as applicable, Buyer's obligation to consummate the Closing, as detailed in Clause 5.2, is subject to the satisfaction (or waiver, at Buyer's sole discretion) of each of the following conditions precedent, up to or on the Closing Date (“Conditions Precedent for Buyer”):

 

4.2.1.List of Buyer Conditions Precedent:

 

(i)               all representations and warranties made by Buyer in this Agreement must remain true, complete and exact, both on the date of execution of this Agreement and on the Closing Date;

 

(ii)             on the Closing Date, also, Sellers and Consenting Intervening Sellers shall not be in breach of the obligations undertaken by them under this Agreement, including those stipulated in Clause 8.1 hereof;

 

(iii)          any event that constitutes a Material Adverse Effect has not occurred from the date of execution of this Agreement to the Closing Date;

 

(iv)           the estimated Working Capital and Debts amounts shall each be in the range between BRL 0.00 and twenty five million reais (BRL 25,000,000.00) at the Verification Time;

 

(v)             Sellers and/or their Affiliates have not made any new changes to the Judicial Reorganization Plan or Amendment to the PRJ with respect to the Company and its sale as UPI, Business or Infrastructure Items;

 

(vi)           the contracts, agreements and corporate acts formalizing the Corporate Reorganization must have been registered with the Federal Revenue Service of Brazil and duly filed with the applicable commercial registries;

 

(vii)        Sellers and Company must have sent a notice to the Governmental Authorities that issue or grant the Site Licenses indicated in the “Licensing” columns of Exhibit B;

 

(viii)      Sellers and Company must have obtained consents from the counterparties to the Existing Sharing Agreements for which it is eventually required, under the terms of the agreements in question, the prior consent from the respective counterparties for the implementation of the Corporate Reorganization, the Closing and the assignment and transfer of the Existing Sharing Agreements in question for the Company, as listed in Exhibit A; and

 
 

(ix)           Sellers and Company must have (a) carried out the Full Regularization of as many Lease Agreements Identified, as listed in Exhibit 4.2.1(ix), as necessary to achieve the Minimum Revenue index or more; and (b) submitted supporting documentation to Buyer.

 

4.2.2. The Parties acknowledge that Buyer Conditions Precedent have been stipulated for Buyer’s sole and exclusive benefit. Thus, the Parties agree that Buyer may, at its sole discretion, waive compliance with said Buyer Conditions Precedent that may not have been satisfied by the Closing Date, by sending written notice to the other Parties. If Buyer waives any of Buyer Conditions Precedent and provided that the other Closing Conditions Precedent have been implemented, Buyer, Company and Sellers will be required to proceed with the Closing and implement the obligations contained in this Agreement.

 

4.2.3.Sellers shall notify Buyer of the fulfillment of Buyer Conditions Precedent within two

(2) Business Days from the date of fulfillment thereof.

 

4.3.      Sellers Conditions Precedent. Without prejudice to the provisions of Clause 4.1 and 4.2, as applicable, the obligation of Sellers to consummate the Closing, as described in detail in Clause 5.2, is subject to the satisfaction (or waiver, at the sole discretion of Sellers) of each of the following conditions precedent, up to or on the Closing Date (“Sellers Conditions Precedent” and, together with the Parties Conditions Precedent and Buyer Conditions Precedent, the “Closing Conditions Precedent”):

 

4.3.1.List of Sellers Conditions Precedent:

 

(i)               all representations and warranties provided by Buyer in this Agreement contained in Clause 7 must remain true, complete and exact, both on the date of execution of this Agreement and on the Closing Date; and

 

(ii)             on the Closing Date, also, Buyer must have complied with the obligations undertaken by it in this Agreement.

 

4.3.2. The Parties acknowledge that Sellers Conditions Precedent have been stipulated for Sellers’ sole and exclusive benefit. Thus, the Parties agree that Sellers may, at their sole discretion, waive compliance with said Sellers Conditions Precedent that may not have been satisfied by the Closing Date, by sending written notice to the other Parties. If Sellers waive any of Sellers Conditions Precedent and provided that the other Closing Conditions Precedent have been implemented, Buyer, Company and Sellers will be required to proceed with the Closing and implement the obligations contained in this Agreement.

 

4.3.3.Buyer shall notify Sellers of the fulfillment of Sellers Conditions Precedent within two

(2) Business Days from the date of fulfillment thereof.

 

4.4.      [Notice to CADE. The Parties shall mutually cooperate and use their best efforts for the Transaction to be approved by CADE. The Parties agree that Buyer shall actively and diligently lead the preparation, submission and follow-up on the respective request for approval, and Sellers and Company, to the extent applicable thereto, shall fully cooperate with Buyer, its lawyers and consultants, regarding the information and data to be submitted

 
 

to CADE by supplying, in a manner that is timely and compatible with the fulfillment of the obligations agreed herein, all information and data that must be submitted to CADE, pursuant to Resolution No. 2/2012 of CADE, or that the Parties, by mutual agreement, consider useful to obtain CADE Approval, also subject to the following:

 

4.4.1 The costs related to the Transaction notification fee to CADE shall be fully borne by Buyer and each Party shall bear the costs related to its own lawyers for monitoring the analysis process with CADE on its behalf.

 

4.4.2. Any penalty that may be imposed in such a procedure shall be paid by the Party that caused that penalty.

 

4.4.3. Upon (i) collaboration of Sellers and Company in providing the necessary documents and information, as well as (ii) review and approval by Sellers of the applicable documentation, Buyer undertakes to use its best efforts to present the first draft of the formal request to obtain CADE Approval within ten (10) Business Days from the date of execution of this Agreement.

 

4.4.4. Each Party shall inform the other Party of any and all communications received from CADE in the context of obtaining CADE Approval, within 48 hours of receipt thereof.

 

4.4.5.(i) To the extent required or permitted by CADE, both Parties will participate in any meeting or contact with CADE; (ii) the Parties shall cooperate with each other and align in advance with respect to any meetings or contacts with CADE, for the purposes of item “(i)” of this Clause 4.4.5; (iii) the Parties must send to the other Party a copy of any and all documents received or sent to CADE in relation to the legal transactions covered by this Agreement, by omitting Sensitive Competition-Related Information of the sending Party; and

(iv) any written statements before CADE in relation to the legal transactions covered by this Agreement shall be submitted jointly, subject to review and approval by both Parties.

 

4.4.6. If an objection to the Transaction is filed by CADE’s General Superintendence, which suggests its disapproval or approval with restrictions by the CADE Court, then the Parties, led by Buyer, must file their answer to such objection within the legal term, and must also negotiate in good faith and diligently, aiming to identify the minimum level of restrictions required up to the limit provided for in item “(i)” below, and propose sufficient restrictions to consensually eliminate the concerns identified in the approval process. The implications of the restrictions required by CADE or, even negotiated with CADE, will depend on the impact that any assets to be divested will have on the consolidated turnover of Buyer’s group, subject to the following parameters:

 

(i)               in the event that the restrictions imposed by CADE do not qualify as Substantial Competitive Restrictions, Buyer will be required to comply with the restrictions imposed for obtaining CADE Approval and proceed with the Closing of the Transaction, provided that the other Closing Conditions Precedent provided for in this Clause 4 are verified and/or waived, as applicable. In this case, if the restrictions fall totally or partially on Infrastructure Items, the Final Purchase Price shall be adjusted in accordance with Exhibit 4.4.6(i); and

 
 

(ii)             in the event of the imposition of Substantial Competitive Restrictions, Buyer may terminate this Agreement unilaterally, without incurring any fine, provided that Buyer will not be required to litigate before CADE so that such Substantial Competitive Restrictions are reconsidered.]12

 

4.4.7. Notwithstanding anything to the contrary contained in this Agreement, under no circumstances will Buyer be required to litigate against any Governmental Authority (including CADE) or sell or otherwise dispose of its assets in order to obtain CADE Approval.

 

4.5.      Deadline. The Parties shall use their best efforts to ensure that the Closing Conditions Precedent are met so that Closing occurs within one hundred and eighty (180) days from the date hereof (“Closing Deadline”), subject to, where applicable, the provisions of Clause 11.2.

 

Clause 5.

Closing

 

5.1.      Closing. The Closing will occur on the twelfth (12th) Business Day counted from the receipt, by either Party, of a written notice sent by the other Party, informing about, as the case may be, (i) the fulfillment of all Closing Conditions Precedent (except for those Closing Conditions Precedent to be fulfilled on the Closing Date) and forwarding copies of the necessary instruments to prove compliance with the Closing Conditions Precedent; or (ii) the waiver of the Closing Conditions Precedent not met until then, as applicable; or any other date that may be agreed between Buyer and Sellers (the date on which the Closing actually occurs, hereinafter referred to as “Closing Date”).

 

5.1.1. In any event, Closing shall occur on the Closing Date, at 10:00 am, at Rua Humberto de Campos, nº 425, in the City and State of Rio de Janeiro, except if other place and time are mutually agreed in writing by the Parties.

 

5.2.      Obligations at Closing. On the Closing Date, the Parties undertake to perform the following acts, each act (i) being conditioned to the occurrence of each of the other acts, and

(ii) will be considered to have occurred simultaneously to each of the other acts, regardless of the order in which they are presented in this Clause 5.2, so that none of the acts described herein will be considered performed until all other acts have been performed:

 

5.2.1.List of obligations at Closing:

 

(i)               Sellers will deliver to Buyer waiver instruments signed by all the Company’s managers, including the granting of the broadest, most general, absolute and unrestricted discharge to the Company, in relation to any rights, compensations and/or other payments to which they could be entitled, due to their conditions as managers of the Company;

 

 

 


12 Note for the Draft: Provisions related to antitrust approvals to be excluded if not applicable at the time of executing this Agreement.

 
 

(ii)             Sellers and Buyer shall execute the transfer instruments recording the transfer to Buyer of ownership over the Shares in the Company’s Registered Share Transfer Register and the Company’s managers shall record said transfers in the Company’s Registered Share Register, free and clear of any Liens;

 

(iii)          Sellers must present the instruments of revocation of all powers-of-attorney granted by Company and/or that in any way are related to the Infrastructure Items, including those identified in Exhibit 6.1.19, accompanied, whenever possible, by a copy of the grantee’s acknowledgment instruments;

 

(iv)           Buyer must make the full payment of the Cash Installment on behalf of Sellers, pursuant to Clause 3;

 

(v)             the Parties will enter into and deliver to each other the Transaction closing instrument, in the form of Exhibit 5.2.1(v);

 

(vi)           Sellers and/or their Affiliates will enter into the Oi Sharing Agreement, substantially in the form of Exhibit 5.2.1(vi);

 

(vii)        Sellers and/or their Affiliates and Company will terminate any infrastructure sharing and/or assignment agreements that may have been entered into and in force on the Closing Date, and grant each other the broadest, general, absolute and unrestricted discharge with respect to the obligations arising from such agreements;

 

(viii)      Sellers and/or their Affiliates will: (a) enter into new Lease Agreements with Company related to the properties listed in Exhibit 5.2.1(vii)(A), which are owned or held by, and are leased by Company to the Affiliates of Sellers (“Sellers Affiliates Real Properties”), according to the form and commercial conditions provided for in Exhibit 5.2.1(viii)(B); and

(b) terminate the Lease Agreements for Sellers Affiliates Properties infrastructure sharing and/or assignment agreements that may have been entered into and in force on the Closing Date, and grant each other the broadest, general, absolute and unrestricted discharge with respect to the obligations arising from such agreements; and

 

(ix)           Buyer will hold a Special Shareholders’ Meeting of the Company (“Closing AGE”), in order to (a) recognize the resignation of the current managers of Company with discharge for the respective management acts, except for any acts performed with intent or fraud, with the granting of a temporary power-of-attorney to the new managers of the Company to be appointed by Buyer in accordance with the draft set out in Exhibit 5.2.1(ix); and (b) approve the nomination and appointment of the new managers, to be nominated and appointed by Buyer.

 

5.2.2. Within five (5) Business Days from the Closing Date, Buyer will file the Closing AGE minutes with the competent Commercial Registry, as well as provide registration updates to the Federal Revenue Service of Brazil. In case the Commercial Registry or any Governmental Authority presents any requirements for said filing and/or update, the Parties shall practice any and all acts required for immediate fulfillment of such requirements. Within five (5) Business Days counted from the date of actual filing of the Closing AGE minutes before the

 
 

competent Commercial Registry, Buyer shall provide Sellers a certified copy of the respective filing certificate. Within five (5) Business Days counted from the date of completion of the updates referred to above, Buyer shall provide Sellers a certified copy of the pertinent documents proving the completion of said registration updates.

 

5.2.3. Buyer hereby acknowledges that Company’s managers may, as of the Closing Date, freely resign their respective positions and cause their respective resignation instruments to be annotated with the competent Commercial Registry, at any time, with the managers or Sellers not being liable for any loss that Company and/or Buyer may suffer due to the lack of appointment of new members to the Company’s management as of the Closing Date.

 

5.3.      Delivery of Documents. Within fifteen (15) days from the Closing Date, Sellers must deliver to Buyer, in physical or digital media, the following documents: (a) the permits, licenses, documents and authorizations that are necessary for the operation of the Infrastructure Items that exist and are in the possession of Sellers; (b) the Station Operating Permit issued by the National Telecommunications Agency - ANATEL - and the Radiometric Report; (c) the reports and other technical documentation that exist and are in the possession of Sellers related to the Infrastructure Items, including, but not limited to, projects, sketches, plans, designs, structural and foundation reports, Technical Responsibility Notes, etc., including those that exist in digital channels; and (d) all Relevant Company Agreements.

 

Clause 6.

Representations and Warranties of Sellers

 

6.1.      Sellers Representations and Warranties. Sellers hereby, jointly and severally, provide Buyer with the representations and warranties below, which Sellers state to be true, accurate, legitimate, complete, exact and correct on the date hereof and which shall remain so until the Closing Date (except for those representations and warranties with reference to a specific date, which are true, accurate, legitimate, complete, exact and correct on the date to which they refer):

 

6.1.1. Corporate Good Standing. Sellers and Company are regularly incorporated, validly existing legal entities in good standing pursuant to the Brazilian Laws, and were duly registered before all competent agencies, Commercial Registries and Governmental Authorities, except for those whose absence will not or may not put this Transaction at risk. Sellers and Intervening Consenting Sellers have the corporate authority, power and jurisdiction to own, lease and/or otherwise hold their respective assets and property, as well as to conduct and operate their business as currently conducted.

 

6.1.2. Accounting books and corporate records. Company’s accounting books, records and documents are in order and in compliance with the applicable legal standards, and have been kept, since their constitution, under the applicable legal and accounting standards, and substantially reflect, under all relevant aspects, the events and transactions that must be recorded therein, always in accordance with the Brazilian GAAP.

 
 

6.1.3. Ownership. Sellers are the legitimate owners of the Shares and have legal, good, fair and commercial title and ownership over them, being the sole and exclusive owners and beneficiaries of the Shares, which are free and clear of any and all Liens. No Contractual Instrument (except for this Agreement), commitment or obligation was entered into or undertaken by Sellers with any Person (including Third Parties and/or any Related Party), for the sale, assignment, donation, encumbrance, creation of Lien, put or call option, transfer and/or disposition, directly or indirectly, of the Business and/or any of the Shares, in any form. Sellers have the right and the powers required by the applicable Law to freely dispose of the Shares and Business, as provided herein. There is no Demand (or, to the knowledge of Sellers, threatened Demand) involving or whose object is the Shares and/or the Business and/or which challenges the ownership of the Shares.

 

(i)               there is no shareholders’ agreement or similar instrument binding the Shares, filed or not at the Company’s headquarters; and

 

(ii)             upon acquisition of the Shares by Buyer, Buyer will have a valid and effective title over all the Shares and over the Company, which will not be subject to any Liens, encumbrances and successions of Sellers and any of their Affiliates or Related Parties, pursuant to articles 60, 66, 140, item II, 141 and 142, item II, of the LFR. Company will be, after the Corporate Reorganization, the sole holder and owner of the Infrastructure Items, which are free and clear of any Liens.

 

6.1.4.Power, Corporate Jurisdiction and Approvals.

 

(i)               Sellers and Intervening Consenting Sellers have full power, authority and corporate jurisdiction to enter into this Agreement and any other documents to be signed by them as a result of and/or in relation to the Transaction, as well as to fulfill their respective obligations and responsibilities undertaken in this Agreement, in the Exhibits hereto and any other documents to be signed by them as a result of and/or in relation to the Transaction. The competent corporate bodies of Sellers and Intervening Consenting Sellers approved, as applicable, the execution of this Agreement, the consummation of the Transaction and performance of all obligations undertaken herein;

 

(ii)             except for CADE Approval, if necessary, the execution of this Agreement and any other documents resulting from the Transaction and the consummation of the Transaction does not: (a) depend on the approval or authorization of any Governmental Authority and/or Third Party; (b) violate any Law; and/or (c) results in the creation of a Lien on the Shares and/or on the Infrastructure Items and/or the Leased Areas, neither it constitutes a breach of any obligations of Company and/or Sellers, nor will it result in the loss or termination of any right by Company; and

 

(iii)          this Agreement constitutes a legal, valid and binding obligation on Sellers and Intervening Consenting Sellers, pursuant thereto. There is no Demand (or, to the knowledge of Sellers, threatened Demand), which, if decided negatively, prevents or impair the ability of Sellers and/or and Intervening Consenting Sellers to comply with their obligations under this Agreement and/or proceed with the Closing.

 
 

6.1.3. Sellers’ Bylaws and Judicial Reorganization Plan. The execution and formalization of this Agreement by Sellers and by Intervening Consenting Sellers, as well as compliance by Sellers and by Intervening Consenting Sellers with their obligations undertaken herein shall not conflict or result in non-compliance with the respective bylaws and/or the Judicial Reorganization Plan of Sellers and/or Intervening Consenting Sellers, as amended from time to time (including any Amendment to the PRJ), or any corporate document and/or any applicable Law or regulation. Buyer will not succeed any obligations or debts of Sellers or any of their Affiliates or Related Parties, pursuant to articles 60, 66, 140, item II, 141 and 142, item II, of the LFR.

 

6.1.6. Outstanding Securities and Issuance of Shares. Except for the Shares, there are no (i) convertible and/or negotiable securities and/or any other shares representing Company’s share capital issued by Company; (ii) guarantees, Liens, options and/or rights related to the Shares; and/or (iii) any interest of Third Parties and/or any Related Party in the Company. All Shares are validly issued and fully paid in by Sellers. Company does not hold any direct or indirect equity interest in any Person, nor does it undertake to constitute or participate in the share capital of any Person or to subscribe or acquire any securities convertible into shares of any Person. Company has no subsidiaries and has never maintained any subsidiary throughout its existence.

 

6.1.7. Relations with Third Parties. The execution and formalization of this Agreement and compliance by Sellers and by Intervening Consenting Sellers with their obligations arising herefrom shall not conflict or result in violation of any agreement, covenant and/or Contractual Instrument to which Sellers or Intervening Consenting Sellers are subject or bound to, except for the cases in which the prior consent of Third Parties is required for the assignment of Existing Sharing Agreements and Lease Agreements.

 

6.1.8. Tax Matters. Oi Companies Corporate Reorganization (exclusively in relation to Business) and Company have complied and comply in a timely manner, to the extent they become due and/or, as applicable, have timely and in good faith opposed to, by the appropriate means, their obligations related to any Taxes that they are required to pay by virtue of the Law and/or Contractual Instrument and, in case of any delays, the related fines, interest and accretions were collected, as set forth in the Law, except to the extent such non- compliance, lack of opposition or lack of collection, individually or in aggregate, may cause a Material Adverse Effect. Oi Companies Corporate Reorganization (exclusively in relation to Business) and Company have not received any notice from any Governmental Authority stating their intention to carry out a tax due diligence in relation to the Company and/or its Business.

 

6.1.9. Infrastructure Items. Exhibit B contains a correct, true and complete list of all Infrastructure Items and an indication of their respective Leased Areas, including: (i) address of each of the Infrastructure Items; and (ii) the respective properties in which such Infrastructure Items are located, as well as the Lease Agreements related to each of the Infrastructure Items. Sellers further represent that they acknowledge that Buyer's decision to enter into this Agreement was made considering the Infrastructure Items specifically described in Exhibit B, which may not be subject to any increase or decrease in the number of said Infrastructure Items and/or any material changes, modifications or exclusions.

 
 

Company is the lawful holder and owner of the Infrastructure Items, which are free and clear of any and all Liens, and are in lawful possession of the Leased Areas. The Infrastructure Items listed in Exhibit B are all the Infrastructure Items necessary for Company to be able to conduct its Business, in the way that such business had been conducted. Except as specifically indicated in Exhibit B to this Agreement individually for each Infrastructure Item (together, the “Site Irregularities”), the Infrastructure Items and their respective Lease Agreements do not have, on the date hereof, any type of irregularity, including ( a) documentary, technical or legal, (b) structural or engineering (c) referring to the possession of the Leased Areas, to licensing; (d) that requires some type of structural reinforcement or engineering work to meet the contracted capacities in their agreements. Except as specifically indicated in Exhibit B to this Agreement individually for each Infrastructure Item, (y) the Infrastructure Items were and are being operated in accordance and in compliance with all Laws, Agreements and Licenses for the Site; and (z) the Infrastructure Items have the applicable Site Licenses and their operation was and is being carried out in accordance and in compliance with such Site Licenses. Except for the Site Irregularities, the Infrastructure Items are in operating condition (except for wear and tear due to normal use).

 

(i)               The Site Licenses informed in the “Licensing” columns of Exhibit B have all the supporting documentation necessary to prove the existence of said Site Licenses.

 

(ii)             Exhibit B shows, in relation to each Infrastructure Item, the (i) current maximum capacity, (ii) current installed capacity, and (iii) contracted capacity to be installed.

 

(iii)Exhibit A indicates a complete and correct list of all Existing Sharing Agreements.

 

(iv)           Company holds all necessary rights to access the Infrastructure Items and there is no threatened or existing Demand that would have the ability to limit or extinguish such rights.

 

(v)             The Infrastructure Items are not reversible assets or related to concession, being certain that once the concessions related to the fixed telephony service granted by the competent Governmental Authorities to Sellers or their Affiliates, the Infrastructure Items (as well as all rights and privileges related thereto) will not return to the granting power.

 

6.1.10.  Solvency. Sellers and Intervening Consenting Sellers are solvent under the applicable Law and able to pay their debts as they become due. Except for the Judicial Reorganization Plan, there is no procedure pertaining to any transaction or settlement with creditors, or any procedure of bankruptcy, judicial or extrajudicial reorganization, much less other insolvency procedure involving or threatened against Sellers and Intervening Consenting Sellers and/or Business and there has been no event that, under the terms of the applicable law, justified the initiation of such procedures. The fulfillment of the obligations provided for or arising from this Agreement by Sellers and by Intervening Consenting Sellers shall not constitute fraud to creditors and/or fraud to the execution under the terms of the applicable Law.

 

6.1.11.  No Violations. Company and Oi Companies Corporate Reorganization (exclusively with respect to the Business):

 
 

(i)    are not in default, nor have any event occurred that, including due to notice or expiration, or both, may be characterized as evidenced default and/or otherwise may limit the capacity of Company and/or Oi Companies Corporate Reorganization (exclusively with respect to the Business) to exercise its rights and/or enforce compliance with obligations owed thereto, in the form and conditions existing until the date of execution hereof, subject to the cases where prior consent of Third Parties is needed to assign for the Corporate Reorganization, the Closing e for the assignment and transfer of the Existing Sharing Agreements, with the exception of the Site Irregularities or except to the extent that it is not reasonably expected that the any defaults on the part of Company and/or Oi Companies Corporate Reorganization (exclusively with respect to the Business) may cause a Material Adverse Effect;

 

(ii)             with the exception of the Site Irregularities, they did not violate in any material aspect any applicable Law and/or Contractual Instrument to which Company and/or Oi Companies Corporate Reorganization (exclusively in relation to the Business) or their respective assets are subject; and

 

(iii)          except for the Site Irregularities, Oi Companies Corporate Reorganization (exclusively in relation to the Businesses) have and Company will have, on the Closing Date, all the licenses, permits and approvals necessary for the conduct of the Business, and were not prevented from obtaining and/or renewing any License (including Site Licenses) necessary to secure ownership of their assets or the development of their respective activities, except to the extent that it is not reasonably expected that any violation and/or restriction on the renewal of such Licenses may cause a Material Adverse Effect.

 

6.1.12.  Financial Statements. Exhibit 6.1.12 contains copies of the complete set of (i) [unaudited] financial statements of Company for the period ended on [•]; and (ii) financial statements of Company for the period ended on [•] (“Financial Statements”). The Financial Statements are true, complete and correct, they were prepared in accordance with the applicable law and with the Brazilian GAAP, and were prepared based on the Company’s accounting books and they adequately demonstrate (i) the Company's financial position; (ii) the Company’s assets and liabilities; (iii) the Company’s business and financial rights and obligations; and (iv) the Company’s profits and losses.

 

(i)               The Company’s accounts receivable, as provided for in the Financial Statements, constitute all accounts receivable of the Company, derive from the regular provision of services, within the Ordinary Course, and they are valid, binding and enforceable against their respective debtors, pursuant thereto.

 

(ii)             Company is the lawful holder, proprietor and owner, or, as the case may be, lessee, tenant or grantee of all assets, properties and rights contained in the Financial Statements, including the Infrastructure Items and Leased Areas (“Company Assets”). Company Assets were accounted for in accordance with the Brazilian GAAP. Oi Companies Corporate Reorganization, exclusively in relation to the Business, were, up to the date of the conclusion of the Corporate Reorganization, the lawful holders, proprietors and owners, or, as the case may be, tenants or lessees of all assets, rights and properties related to the Business, including the Infrastructure Items and Leased Areas, which were transferred to Company as a result of the Corporate Reorganization.

 
 

 

(iii)          No Undisclosed Liabilities. There is no debt, liability and/or obligation, effective or contingent, of Company and/or in relation to the Business, which is not reflected and duly disclosed in the Financial Statements, in accordance with the Brazilian GAAP and IFRS 16.

 

(iv)           No Substantial Changes. Since[•]13, Company (or, exclusively in relation to Company Shares, Assets and/or Business, any of Sellers) have not: (a) experienced any event or circumstance that would be reasonably expected to cause a Material Adverse Effect; (b) contracted capital investment outside the Ordinary Course of business in an amount that exceeds [•] reais (BRL [•]); (c) had any substantial cancellation or withdrawal in any Demand, litigation or right over amounts, or any sale, transfer, assignment, constitution of Lien, distribution or other disposals of any Asset in an amount that exceeds [•] reais (BRL

[•]); (d) disposed of any right in relation to the use of any intellectual property right; (e) performed any material change in any accounting policy or maintenance of accounting books or practices; (f) undertaken, except in the Ordinary Course of its business, any obligation or liability, including, but not limited to, any liability for breach or termination of any Contractual Instrument in an amount that exceeds [•] reais (BRL [•]); (g) made any sale, encumbrance, transfer or other disposal of any Company Assets; (h) performed any remission, pardon or any type of unilateral extinction of any rights or credits held by Company against its members, employees, service providers and/or any other Persons; (i) performed any free donation, assignment and/or transfer of any assets, rights and/or any other kind of Company Asset to any of its members, employees, service providers and/or any Persons; (j) hired any manager, worker and/or employee; (k) made a substantial change to the Company’s corporate documents; (l) issued, delivered or sold any shares or securities issued by Company to any Person (including the Shares); (m) redeemed or repurchased shares issued by Company; (n) made an increase or decrease in the Company’s capital or reclassification of its shares; (o) amended, modified or terminated any Contractual Instrument; and/or (p) entered into any agreement, commitment or Contractual Instrument undertaking to implement or carry out any of the business or acts described in items “(a)” through “(p)” above.

 

6.1.13.  Assets. The Company is the owner or holder of rights to use all Company Assets necessary to conduct the Business, as such Business has been conducted by Company or had been conducted by Oi Companies Corporate Reorganization prior to the conclusion of the Corporate Reorganization. Except for the Site Irregularities, (i) Sellers have no Knowledge of a fact or circumstance that can reasonably be expected to interfere with the right of ownership or use by Company of Company Assets; and (ii) Company Assets are in operating condition for use (except for wear and tear from normal use) and there are no latent defects related to such Company Assets except to the extent that it is not reasonably expected that such defects could cause a Material Adverse Effect. None of Company Assets used or employed in conducting the Business has been assigned, pledged, encumbered, recorded, sold, donated or, through any other business or legal act, assigned, transferred or promised to another Person (and Company, Oi Companies Corporate Reorganization and/or Sellers have not entered into any agreement or Contractual Instrument in this regard).

 

 


13 Note for the Draft: This date must be the first among the dates of the Financial Statements.

 
 

(i) Company Assets constitute all the assets necessary to conduct the Business, as such business has been conducted by Company and had been conducted by Oi Companies Corporate Reorganization prior to the conclusion of the Corporate Reorganization and such Company Assets were effectively transferred to Company at the time of the Corporate Reorganization.

 

6.1.14.  Real Property. Exhibit B, in its “Geolocation”, “Address” and “Lease Agreements” columns, contains complete and correct lists of all Leased Areas and all Lease Agreements. The Leased Areas where the Infrastructure Items are located (a) are under Company's tame and peaceful possession; and (b) the occupation of such Leased Areas is exercised by Company (b.1) in accordance with the applicable Law; and (b.2) except as indicated in the “Lease Agreements” column of Exhibit B, in accordance with the respective Lease Agreements; and (c) they are regularly leased, subleased or assigned by the respective owners of such real properties, as indicated in the “Lease Agreements” column of Exhibit B; except, in each case, insofar as it is not reasonably expected that any disputes involving such properties may cause a Material Adverse Effect. All Lease Agreements represent a valid and effective obligation, exercisable in accordance with their terms. The Lease Agreements are sufficient for Company to conduct the Business, as it has been conducted. Company is not the owner and has never owned any real property. None of the Infrastructure Items goes beyond their respective Leased Areas according to their Lease Agreements, and none of the Leased Areas is located in an environmentally protected area (including, but not limited to, UCs and/or APPs) and/or listed (or, when located in such areas, the Licenses applicable for such installation and occupation have been obtained). Sellers Affiliates Real Properties are the lawful property of Sellers’ Affiliates (or such Sellers’ Affiliates have a tame, peaceful and undisputed possession of such real properties), being able to freely lease them to Company as from the Closing Date, according to Clause 5.2.1(viii) above.

 

6.1.15.  Environmental. Except for the Site Irregularities, Company complies with all applicable Environmental Laws, except to the extent that such non-compliance does not generate a Material Adverse Effect. No notice of breach, notice of liability or request for information has been received with respect to the Infrastructure Items and no litigation is pending or, to the knowledge of Company and/or Sellers, threatened by any person with respect to the Infrastructure Items and/or the Business. No order has been issued and is currently in effect and no penalty or fine has been applied and remains due against Company (or related to the Infrastructure Items) with respect to any Environmental Law that may give rise to a Material Adverse Effect.

 

6.1.16.  Agreements. Except as provided for in Exhibit 6.1.16, there is no other Material Contract entered into, assigned or that will be assigned to Company as a result of the Corporate Reorganization and/or involving, directly or indirectly, the Business or Company Assets (together, “Relevant Company Agreements”). Except for the Relevant Company Agreements that require prior consent/authorization, there is no fact that: (i) may cause the termination, even partially, or the early maturity of any Relevant Company Agreement or other Contractual Instruments entered into by Company (including the Existing Sharing Agreements and Lease Agreements); (ii) may compromise the receipt, by Company and/or by Oi Companies Corporate Reorganization (prior to the completion of the Corporate Reorganization), of any outstanding amounts under the terms of any Relevant Company

 
 

Agreements or other Contractual Instruments entered into by Company and/or by Oi Companies Corporate Reorganization (exclusively with respect to the Business) (including the Existing Sharing Agreements and Lease Agreements); and/or (iii) may prevent or impair the performance and/or the renewal of any Relevant Company Agreement or other Contractual Instruments entered into by Company and/or by Oi Companies Corporate Reorganization (exclusively with respect to the Business) (including the Existing Sharing Agreements and Lease Agreements), except to the extent that it is not reasonably expected that the possible existence of any facts that could result in any of the consequences indicated above will have a Material Adverse Effect. No Relevant Company Agreement or Contractual Instrument entered into by Seller or by Dommo generates or has the potential to generate Liens on the Infrastructure Items.

 

(i)               The Relevant Company Agreements and other Contractual Instruments entered into by Company (including the Existing Sharing Agreements and Lease Agreements) constitute a valid and binding legal obligation of its signatories, enforceable thereunder;

 

(ii)             The Relevant Company Agreements are all the Contractual Instruments essential for the conduction of the Business by Company, in the way that such Business had been conducted by Oi Companies Corporate Reorganization prior to the Corporate Reorganization; Except to the extent that it is not reasonably expected that any default may cause a Material Adverse Effect, Company is in compliance with all Relevant Company Agreements and other Contractual Instruments entered into by Company and, to the Knowledge of Sellers, the counterparties to such Relevant Company Agreements and Contractual Instruments are also in compliance with all relevant aspects of such Relevant Company Agreements and Contractual Instruments, and neither Company, Oi Companies Corporate Reorganization, nor Sellers, sent and/or received any notice of termination or default of such Relevant Company Agreements or Contractual Instruments.

 

(iii)          No Relevant Company Agreement or Contractual Instrument entered into by Company (including the Existing Sharing Agreements and Lease Agreements) establishes any obligation for Company to carry out CAPEX/OPEX investments and/or expansions in an amount greater than five hundred thousand reais (BRL 500,000.00) and/or the counterparty’s right to participate in Company’s revenues and/or other receivables under such Relevant Company Agreements or Contractual Instruments.

 

(iv)           Company and/or Oi Companies Corporate Reorganization (exclusively with respect to the Business) are not part of the Relevant Company Agreements or Contractual Instruments containing an exclusivity clause, non-competition provisions or that limit the performance and expansion of Company and/or contain a limitation or prohibition on the disposal of assets, including Company Shares and Assets.

 

6.1.17.  Transactions with Related Parties. Except for the Lease Agreements of Sellers Affiliates Real Properties, there are no contracts, agreements, guarantees provided and/or understandings between, on one side, Company and, on the other side, any Related Party of Company and/or Sellers.

 
 

6.1.18.  Obligations of Third Parties. The Company has not assumed, guaranteed, endorsed or otherwise remained or is directly or subsidiarily liable for any obligation or debt of any Third Party.

 

6.1.19.  Powers-of-Attorney and Checking Accounts. Except for the instruments listed in Exhibit 6.1.19(i), Company granted no powers-of-attorney that are in force. Exhibit 6.1.19(ii)14 contains the list of all the bank accounts of Company, as well as of the Persons authorized to operate them.

 

6.1.20.  Litigation. Except according to Exhibit 6.1.20, there are no Demands of any nature filed or initiated, to the Knowledge of Sellers, threatened against Company and/or in relation to the Infrastructure Items and/or the Business, or any investigation that involves or affects Company (or any Relevant Company Agreements and/or Business.

 

6.1.21.Protests. There are no protests of negotiable instruments against Company.

 

6.1.22.  Labor Matters. Company does not have, never had and will not have, on the Closing Date, any employee, trainee, representative, collaborator, self-employed, temporary or outsourced worker or agent (“Employees”). On the Closing Date, there will be no amount due and not paid by Company to any Employee. To the Knowledge of Sellers, Company took the necessary steps to prevent the characterization of an employment relationship between Company and its service providers (and employees of such service providers).

 

6.1.23.  Insurance. The Infrastructure Items are currently included in the insurance program of Sellers and their Affiliates, by means of Operating Risks (RO) and General Civil Liability (RCG) policies. The RO policy insures the fixed assets of Company, Sellers and their Affiliates, including the Infrastructure Items, against property damages that such fixed assets may suffer, including, without limitation, fire, electrical damage, windstorm, flooding and other damages arising from natural events. The RCG policy seeks to insure the amounts for which Company, Sellers and their Affiliates may be civilly liable, or in a settlement validated by the insurer, which are related to personal and property damages and losses directly caused to third parties by the Infrastructure Items and other assets, such as antennas.

 

6.1.24.  Antitrust Matters. Company and Oi Companies Corporate Reorganization (exclusively with respect to the Business) have complied and comply with all antitrust laws and have not taken any action that could, in any way, be considered a practice of dumping and/or cartel.

 

6.1.25.  Corporate Transactions. The Corporate Reorganization and any and all corporate transactions (including) including transformation, consolidation, spin-off, transfer of control, capital increase or reduction and merger, which have involved and/or do involve Company, since its incorporation, have been carried out in strictly compliance with the applicable law and presented economic, financial and accounting backing, in all its relevant aspects. Sellers or their Affiliates paid or collected any and all Taxes related to or resulting from the Corporate Reorganization.

 


14 Note for the Draft: information on bank accounts to be filled in before signing.

 
 

 

6.1.26.  Pre-Operating Company. Prior to the conclusion of the Corporate Reorganization, Company had never operated or carried out any activity since the date of its incorporation, nor has it incurred, undertaken or promised to incur or undertake any obligation towards any Person (including Governmental Authorities). Prior to the conclusion of the Corporate Reorganization, Company had never owned any relevant or immovable assets, nor had it ever hired Employees or service providers.

 

6.1.27.  Brokerage Fee. Sellers and Intervening Consenting Sellers have no obligation or liability for the payment of any fees or commission to any broker or agent in relation to the Transaction, for which Buyer or Company may be held liable.

 

6.1.28.  Good Practices. Sellers and Intervening Consenting Sellers, including through any Employee, manager, agent or representative, (i) have not violated or violate any Anti- Corruption Laws; (ii) have not offered, paid, committed to pay or promised to pay or authorized the payment of any money or other valuables, contributions, expense reimbursement, nor have they given any gifts, benefits or delivered any type of property to any Person who is an officer, agent, servant or representative of any Governmental Authority or any political party, any candidate for public office or political party offices, or any other Person, knowing or having reason to believe that any or all of the money or valuable offered, given or promised would (a) facilitate or seek to facilitate, obtain favorable treatment in business, (b) remunerate favorable treatment in business, (c) facilitate or seek to facilitate obtaining special concessions or would serve as payment for concessions already obtained, in favor of or in relation to Sellers and Intervening Consenting Sellers, or (d) represent the violation of Anti-Corruption Laws. Company has adequate practices to avoid non- compliance with Anti-Corruption Laws. There is no investigation, allegation or request for information related to the violation of Anti-Corruption Laws by Sellers, Intervening Consenting Sellers and their Affiliates, or any of their Employees, officers, managers, agents, consultants or representatives.

 

Clause 7.

Representations and Warranties of Buyer

 

7.1.      Buyer Representations and Warranties. Buyer hereby provides Sellers with the following representations and warranties, which Buyer represents to be true, accurate, correct, legitimate, complete, exact, correct and unqualified on the date hereof, and will remain so until the Closing Date:

 

7.1.1. Corporate Good Standing. Buyer is a regularly incorporated, validly existing legal entity and in good standing pursuant to the Brazilian Laws, and was duly registered with the Commercial Registry and Governmental Authorities that require such registrations pursuant to the Law.

 

7.1.2.     Corporate Power and Jurisdiction. Buyer has total corporate power, authority and jurisdiction to execute this Agreement and any other documents to be signed thereby due to and/or in relation to the Transaction, and also to comply with its obligations and responsibilities assumed in this Agreement and its respective Exhibits. The competent

 
 

corporate bodies of Buyer approved the execution hereof, the consummation of the Transaction and compliance with all obligations and responsibilities undertaken herein, and this approval constitutes any and all corporate acts required to comply with the obligations undertaken herein.

 

7.1.3.     Buyer’s Bylaws. The execution of this Agreement by Buyer and compliance by Buyer with its obligations undertaken herein shall not conflict or result in non-compliance with its bylaws, any other corporate document and/or any applicable Law or regulations.

 

7.1.4.     Relations with Third Parties. The execution and formalization of this Agreement and compliance by Buyer with its obligations arising herefrom shall not conflict or result in violation of any contract, agreement or instrument to which Buyer is subject and/or bound, in that such conflict or violation may reasonably adversely affect the capacity of Buyer to comply with its obligations arising herefrom.

 

7.1.5.     Financial Capacity. Buyer will have financial resources of its own or obtained by means of financing with third parties, in immediately available funds and in a sum sufficient to comply with all its obligations undertaken herein. Buyer assures that all amounts to be paid to Sellers do not directly or indirectly arise, derive or constitute profits from illegal activities under the Anti-Corruption Laws of the United States of America or Brazil.

 

7.1.6. Litigation. There is no Demand in progress or, to the Knowledge of Buyer, threatened, that affects Buyer's financial capacity under Clause 7.1.5 above or otherwise affects Buyer's ability to comply with all obligations undertaken in this Agreement, consummate the transactions and perform all acts provided for herein.

 

7.1.7. Brokerage Fee. Buyer has no obligation or liability for the payment of any fees or commission to any broker, prospector or agent in relation to the Transaction, for which Sellers or the Company (the latter, until the Closing Date) may be held liable.

 

7.1.8. State of Infrastructure Items. Buyer is aware that the interest in Company is being acquired with the Infrastructure Items as are on the Closing Date, pursuant to Exhibit B, whereby, except as expressly provided for in this Agreement, Buyer exempts Sellers and their Affiliates from any responsibility for such conditions, provided that, after the Closing Date, the transaction of the Company’s Business, as well as the management of Infrastructure Items by Company, will be the responsibility of Buyer, as Company’s Controller.

 

7.1.9. Buyer’s Capacity on the Closing. On the Closing Date, Buyer shall have all the necessary structure, including systems and workforce, to conduct the regular operations of Company, especially the Infrastructure Items.

 

7.1.10.  Negotiation with Sellers. Buyer acknowledges and agrees that, as permitted by law, except as provided in this Agreement:

 

(i)               Neither Sellers, Company or any of their respective directors, officers, shareholders, members, Employees, Affiliates, controllers, agents, advisors, representatives or any other Related Party makes or has made any representation or provided any express or implicit

 
 

warranty regarding the accuracy or integrity of any projections or other statements on Company’s future expectations, or even on any information on Company, its assets or other matters, in any case, except those included in this Agreement or in its exhibits;

 

(ii)             Sellers have provided no representation or warranty on any rights of Third-Party beneficiaries or other rights that Buyer could claim under any studies, reports, tests or analyses prepared by any Third Parties for Company, Sellers or any of their Affiliates, even if made available for analysis by Buyer or its representatives; and

 

(iii)          None of the documents, information or other material supplied at any moment or in any format by Sellers, by Company or by any of their respective Affiliates or representatives constitute legal advice, and Buyer hereby waives any right to claim to have received any legal advice from Sellers, Company, any of their respective Affiliates or their respective representatives or lawyers.

 

7.1.11.      Contact with Clients and Suppliers. Neither Buyer or any of its Employees, agents, representatives or Affiliates has directly or indirectly contacted, without prior written consent of Company and Sellers, any officer, director, Employee, member, franchisee, supplier, distributor, client or any other Person in commercial relations with the Company or Sellers or any of their Affiliates before the Closing Date to discuss matters related to Company, except their managers, Employees, consultants and advisors as needed to assess and price the Transaction.

 

7.1.12.      Solvency. Buyer is solvent under the applicable Law and able to pay its debts as they become due. To the Knowledge of Buyer, there is no procedure pertaining to any transaction or settlement with creditors, or any procedure of bankruptcy, judicial or extrajudicial reorganization, much less other insolvency procedure, involving or imminent against Buyer, and no event has occurred that, under the applicable Law, could justify the initiation of such procedures.

 

71.13. No Violations. Buyer is not in default, nor has any event occurred that, including due to notice or expiration, or both, may be understood as evidenced default and/or otherwise may limit the capacity of Buyer to exercise its rights and/or enforce compliance with any obligations owed thereto, in the form and conditions existing until the date of execution hereof.

 

7.1.14.      Sophisticated Investor. Buyer has knowledge and experience in financial and business matters, in the telecommunications infrastructure industry, notably in the segment of towers and Roof Tops for the installation of antennas for transmission and radio frequency, being, therefore, able to evaluate Company and the Infrastructure Items, as well as the advantages and risks of an investment in the Shares and in the operation of such Infrastructure Items.

 

7.1.15.      Due Diligence. Buyer acknowledges that it conducted due diligence of the Company and the Infrastructure Items based on information and documents provided by Sellers. Buyer acknowledges that, except for the representations and warranties provided in Clause 6.1 above, neither Sellers, Company nor any other Person has made any representation or

 
 

warranty, express or implicit, as to the accuracy or completeness of any information about Company, Infrastructure Items, Leased Areas, Site Licenses or other issues not included in this Agreement. Nothing in this Clause 7.1.15 will restrict or otherwise affect Buyer’s right to be indemnified for any Losses under this Agreement.

 

Clause 8.

Acts between Signing and Closing

 

8.1.              Ordinary Course of Business. From the date of execution (signing) of this Agreement to the Closing Date, Company will conduct its activities on the Ordinary Course, and Sellers undertake to make Company conduct its activities on the Ordinary Course, in a substantially equal and consistent manner with which Business had been conducted until the date of execution of this Agreement. Sellers will not perform and will not allow Company to perform any act or activity outside of its Ordinary and regular Course, and Sellers must perform all acts reasonably necessary to protect the assets, properties, rights and agreements, in order to preserve its business until the Closing Date. Without prejudice to the foregoing, Sellers may perform all acts necessary for the ordinary conduct of the business or prospects of Company, including in relation to the Infrastructure Items, or any of its operations, subject to the obligations not to do, as agreed herein ( including Clauses 8.1.1 and 8.1.2 below).

 

8.1.1.         Sellers and Company hereby undertake to, from the date hereof to the Closing Date, on an irrevocable and irreversible manner, not assign, dispose of, donate, transfer, lease and/or create any Liens, directly or indirectly, free of charge or for consideration, (i) part or all of the Company’s Shares; and/or (b) the rights conferred by the Shares (political and/or equity), including preemptive rights in the acquisition of Shares and in the subscription of new shares or other securities issued by Company, as well as not to create and/or contract any obligation that may reduce the value of the Shares, and/or (c) any Infrastructure Items, other Company Assets and/or any Site Licenses related to the Infrastructure Items.

 

8.1.2.         Sellers undertake, from the date hereof to the Closing Date, not to perform, and to prevent Company from performing, any of the acts described below (as well as not to authorize, agree, engage in negotiations or commit to perform any of the acts listed below), unless previously approved in writing by Buyer:

 

(i)amendment to Company’s Bylaws;

 

(ii)                         the issuance or creation, by Company, of equity interests, options or any right to acquire or subscribe for shares or any securities issued by Company (including securities convertible into, or exchangeable for, shares issued by Company or that grant to its holder the right to acquire or subscribe for shares or any securities issued by Company);

 

(iii)any legal transaction that has the effect of changing the number of Shares;

 

(iv)                       any split, reverse split, redemption, amortization, reclassification or repurchase of shares issued by Company;

 
 

(v)                         the transformation, consolidation, spin-off, and merger transactions, as well as any other form of corporate reorganization or transaction involving Company and/or its Assets;

 

(vi)                       the acquisition, constitution of Liens and/or the disposal, by Company, of any equity interests in any companies, partially or totally, free of charge or for consideration, directly or indirectly, as well as Company's equity interest in any association, partnership or joint venture;

 

(vii)        the waiver, renunciation or pardon by Company, of any rights, options, faculties or privileges, except those that together amount to less than one million reais (BRL 1,000,000.00);

 

(viii)any loans or capital contributions to any Person by Company;

 

(ix)                 the entering into agreements or proposition for entering into agreements within the scope of Claims involving Company, Company Assets or the Business;

 

(x)                    the assumption of any new obligation outside the Ordinary Course, individually or jointly, active or passive, in an amount exceeding one million reais (BRL 1,000,000.00), including the assumption of any liability for non-compliance with or termination of any legal transaction;

 

(xi)                 the contracting of any Debt or the granting of any type of security interest or personal guarantee whether for own or Third Party obligations;

 

(xii)        any remission, pardon or any type of unilateral extinction of any credits held by Company against any Persons;

 

(xiii)            the sale, donation or, in any way, the disposition of any assets, rights and/or any other Company Assets, including the Infrastructure Items, as well as the constitution of Liens on any Company Assets, including the Infrastructure Items and the Site Licenses applicable to such Infrastructure Items;

 

(xiv)             any changes in the Company’s financial, tax, accounting, social security, insurance, labor and environmental policies, methods or practices;

 

(xv)               entering into, modifying or terminating any Relevant Agreement, except for the purposes of Full Regularization and subject to the terms of this Agreement;

 

(xvi)             the disbursement of any amounts relating to Cash in the period from the Verification Moment to the Closing Date;

 

(xvii)    any legal business with Related Parties, except for the Lease Agreements for the purposes of Full Regularization and subject to the terms of this Agreement;

 

(xviii)the hiring of any Employees by Company;
 
 

(xix)             the making or commitment to make any capital investments (CAPEX) in the Company whose payment or consideration occurs at any time after the Closing Date;

 

(xx)               entering into, amending or terminating, at the initiative of Company, any agreements that involve, individually or jointly, amounts in excess of one million reais (BRL 1,000,000.00);

 

(xxi)      introduction of any substantial change in commercial and/or administrative practices of the business; and

 

(xxii)          filing for Company’s bankruptcy or judicial or extrajudicial reorganization, as well as the dissolution, termination or extinction of Company.

 

8.1.3. Buyer, through consultants, accountants and other authorized representatives, may, upon reasonable notice and provided that it is strictly necessary for the assessment of the Closing conditions, from the date of CADE Approval to the Closing Date, have access to the Company’s facilities, books, agreements and records. Access to documents and information of Company under the terms of this Clause 8.1.3 will not affect or modify any representation or warranty provided by Sellers hereunder.

 

Clause 9.

Indemnification

 

9.1.      Sellers’ Obligation to Indemnify. Sellers hereby jointly and severally undertake to indemnify, defend and hold Buyer and its Related Parties, including, after the Closing, Company (individually “Buyer Indemnified Party” and collectively “Buyer Indemnified Parties”) harmless and to undertake liability for any Loss that may be actually incurred or borne by Buyer Indemnified Parties, as a consequence or as a result of any of the issues listed below (except, in any case, for the Regularization Costs, which will not be indemnified under the terms of this Agreement and will be subject to the provisions of Clause 10.3 below):

 

9.1.1.Hypotheses of Indemnification by Sellers:

 

(i)               non-compliance, inaccuracy, omission, falsehood or error in any representation and/or warranty provided by Sellers in Clause 6 hereof;

 

(ii)             any and all acts, facts or omissions relating to the Infrastructure Items, the Leased Areas, the Site Licenses applicable to such Infrastructure Items and the Relevant Company Agreements, which occurred only and exclusively until the Closing Date (although its manifestation or knowledge occurs in a supervening moment), which result in the disassembly, assembly, reallocation and/or construction of any new infrastructure item (but expressly subject to the Regularization Costs, under the terms of Clause 10.3 below), in which case Sellers will be liable for all Losses associated with such disassembly, assembly, relocation and/or construction (including costs and expenses associated with the termination or expiration of the applicable Lease Agreement);

 
 

(iii)          any breach, omission or default, partial or total, of any obligation of Sellers (or of Company, until the Closing Date) that results in the breach of the obligations contained herein; provided that such breach and any Loss resulting therefrom are not remedied within thirty (30) days from receipt of written notice from Buyer of such breach;

 

(iv)           [except with respect to a Third Party Demand arising from Site Irregularities (as provided for in Clause 9.1.1(v) below), any and all acts facts or omissions related to Infrastructure Items, Leased Areas, Site Licenses applicable to such Infrastructure Items, to Relevant Company Agreements, to the Business or Company, of any nature, including labor, social security, civil, insurance, environmental, tax or any other nature, in each case, whose generating event has occurred totally or partially until or on the Closing Date, even if the effects thereof only materialize in the future];

 

(v)             Demands from Third Parties based on Site Irregularities (including Overload Irregularities), whose generating event occurred at any time before the Closing Date and within twelve (12) months from the Closing Date, even if the effects thereof only materialize in the future;

 

(vi)           eviction or any other defect that affects the validity and/or effectiveness of the transactions through which Buyer acquires the Shares or that prevents the ownership, possession and free use, enjoyment and disposition of the Shares by Buyer; and

 

(vii)        acts, facts or omissions liable to Sellers and their Affiliates and Related Parties, of any nature, occurring prior or after the Closing Date, which are directly charged from any of Buyer Indemnified Parties due to succession or under claims that such Persons are part of the same economic group, including, but not limited to, those related to civil, environmental, labor and tax liabilities.

 

9.1.2. Waiver, in whole or in part, by Buyer as to compliance with one or more Closing Conditions Precedent will not exempt Sellers from the obligation to indemnify Buyer Indemnified Party for any Losses incurred due to the waived conditions precedent.

 

9.1.3. Even if Buyer will approve, or cause to be approved, the accounts and financial statements of any subsequent fiscal year of Company, such approval will not mean that Company has waived the right to demand the redress provided for in this Clause 9.1, with Sellers remaining bound as provided for in this Agreement.

 

9.1.4. The indemnification obligations provided for in this Clause 9.1 shall apply even if any Buyer Indemnified Party has or becomes aware, at any time, of any non-compliance, violation, omission or inaccuracy of any of the representations or warranties provided herein, as well as of any contingencies, liabilities, debts or other obligations, subject, however, to the provisions of Clause 9.1.1(iv) above with respect to the Exhibits to this Agreement.

 

9.2.      Buyer’s Obligation to Indemnify. Buyer hereby undertakes to indemnify, defend and hold Sellers and its Related Parties (individually “Sellers Indemnified Party” and collectively “Sellers Indemnified Parties”) harmless and to undertake liability for any Loss that may be

 
 

actually incurred or borne by Sellers Indemnified Parties, as a consequence or as a result of any of the issues listed below:

 

9.2.1.Hypotheses of Indemnification by Buyer:

 

(i)               non-compliance, inaccuracy, omission, falsehood or error in any representation or warranty provided by Buyer under Clause 7 of this Agreement;

 

(ii)             any breach, omission or default, partial or total, of any obligation of Buyer that results in a breach of the obligations contained herein; provided that such breach and any Loss resulting therefrom are not remedied within thirty (30) days from receipt of a written notice from any of the Sellers of such breach; and

 

(iii)          acts, facts or omissions liable to Company or related thereto, of any nature, occurring prior or after the Closing Date, which are directly charged from any of Sellers Indemnified Parties due to succession or under claims that such Persons are part of the same economic group.

 

9.2.2. Buyer shall have no liability or obligation to indemnify Sellers for any Losses whose generating event is prior to the Closing Date, especially with regard to administrative fines and penalties imposed by any Governmental Authorities, nor will Buyer succeed Sellers in any obligation and/or liability pertinent to Sellers.

 

9.3.      Indemnification Procedure. Subject to the limits provided for in this Agreement (including, but not limited to, those provided for in Clause 9.7 below), if there is a Demand that may result in the indemnification obligation by Sellers or Buyer, pursuant to Clauses 9.1 and 9.2 above, respectively, the Parties and Company will be subject to the following procedures:

 

9.3.1. In the case of a direct Demand from one of the Parties, the Indemnified Party may, at any time after the Closing Date, send a notice to the Party from whom it seeks indemnification under the terms of this Agreement (“Indemnifying Party”), stating in detail the respective Loss, together with a copy of all available documentation related to the Loss in question (“Notice of Indemnification”).

 

9.3.2. In the case of a Claim filed by a Third Party (including Governmental Authorities) that gives or may give rise to a recoverable Loss under the terms of this Agreement (“Third Party Claim”) against the Indemnified Party (and, for the purposes of this Clause 9.3.2, Company will be considered as Buyer Indemnified Party), the Indemnified Party must send a notice to the Indemnifying Party (i) before the completion of one third of the period available for the submission of the defense or any other applicable, judicial or administrative measure (“Defense”), or (ii) if the period for Defense is less than five (5) Business Days, before half of the period available for Defense (in both cases “Notice of Third Party Demand”), together with copy of all available documentation related to a Third Party Demand.

 
 

9.3.3. The Indemnifying Party shall, within five (5) Business Days after receiving the Notice of Indemnification, send a notice (“Notice of Procedure”) informing the Indemnified Party if:

 

(i)          it agrees with its liability for the payment of the Loss in question (already materialized or not), with its silence being valid as agreement; or

 

(ii)       it does not agree with its liability for the payment of the Loss in question (already materialized or not), in which case, it must provide all the arguments, documents and information to support its understanding.

 

9.3.4. Whenever the Indemnifying Party sends a Notice of Procedure informing that it does not agree with its liable for the payment of the Loss in question (already materialized or not), the Parties must meet within the next five (5) Business Days to try to reach, in good faith, an agreement on the Demand related to such Loss (already materialized or not). Failure of the Parties to reach an amicable agreement on the liability for the payment of such Loss shall be resolved in Arbitration.

 

9.4.  Third Party Demand. If the Demand in question is a Third Party Demand against the Indemnified Party, the following mechanisms must be observed if the Indemnifying Party agrees with its liability:

 

9.4.1. The Indemnifying Party shall, in the first half of the legal term to submit due defense or challenge, (i) make the payment or authorize the reimbursement of the amount in question; or (iii) delegate to the Indemnified Party the submission of Defense to a Third-Party Demand, in which case the Indemnified Party shall defend against the Third-Party Demand in a diligent manner, with the silence of the Indemnifying Party being understood as its choice for the provisions in subitem “(b)” of this Clause.

 

9.4.2. If the Indemnifying Party chooses to present a Defense, the Indemnifying Party shall appoint and hire a lawyer responsible for conducting such Defense, giving priority to the lawyers already appointed for such cases, with the Indemnified Party undertaking to grant to the appointed lawyer the necessary powers to conduct the Defense, as well as to provide all documents and information required for preparing the Defense. The Parties shall cause the appointed lawyers to keep the Parties constantly informed about the progress of the Third- Party Demand, by providing copies of all procedural papers that may be reasonable requested.

 

9.4.3. If the Indemnifying Party assumes the Defense of the Third Party Demand, the Indemnified Party will have the right to participate in the respective Defense and hire a lawyer, at its own expense, regardless of the lawyer hired by the Indemnifying Party, it being understood that the Indemnifying Party shall control such Defense and that, in this case, each Party shall bear the costs of its own lawyer. Regardless of whom conducts the Defense, the Parties shall cooperate with the Defense, and such cooperation shall include, to the extent requested, on reasonable grounds, the provision of records and information relevant to the Defense against the Third Party Demand, as well as, where applicable, the granting of power- of-attorneys necessary for the conduct of the Defense.

 
 

 

9.4.4. The Party that assumes the defense against a Third Party Demand shall consult the other Party in advance as to enter into any agreement, commitment or release from such Third Party Demand and obtain the agreement of the other Party to do so.

 

9.4.5. Notwithstanding the provisions in this Clause 9.4, et. seq., the Parties agree that the Indemnified Party may choose to conduct the Defense (without this fact removing the Indemnifying Party’s obligation to indemnify under this Agreement) in the following cases:

(a) the Third Party Demand involves imputations of a criminal nature or related to Anti- Corruption Laws to the Indemnified Party, (b) in Third Party Demands in which, in terms of interlocutory relief or provisional remedy, account freezing and/or imposition of Liens on assets or properties of the Indemnified Party, and (c) Third Party Demands whose nature of the object represents risk or possibility of setting an adverse precedent against the Indemnified Party (as, for example, in repeated matters). In the cases above, the Indemnified Party shall (x) send a Notice of Third Party Demand to the Indemnifying Party informing that it will assume and conduct the Defense of the Third Party Demand, (y) keep the Indemnifying Party duly informed about the progress of the respective Third Party Demand and provide supplementary information and copies of any documents reasonably requested by the Indemnifying Party, and (z) refrain from entering into agreements without the prior consent of the Indemnifying Party, which will not be unreasonably denied. The Parties also agree that, in the event that it is possible to determine that the largest portion of the obligation object of a Third Party Demand is not the liability of the Indemnifying Party, but rather of the Indemnified Party, regardless of the period referred to in the Third Party Demand or the date of submission of a Notice of Third Party Demand, then the Indemnified Party may also conduct the Defense of such Third Party Demand under the terms set forth in this Clause 9.4.5.

 

9.4.5.1.    If the Indemnified Party assumes the Defense of the Third Party Demand pursuant to Clause 9.4.5 above, the Indemnifying Party shall have the right to participate in the respective Defense and hire a lawyer, at its own expense, regardless of the lawyer hired by the Indemnified Party, being understood that the Indemnified Party shall control such Defense and that, in this case, the Indemnifying Party shall bear the costs of its own lawyer. Regardless of whom conducts the Defense, the Parties shall cooperate with the Defense, and such cooperation shall include, to the extent requested, on reasonable grounds, the provision of records and information relevant to the Defense against the Third Party Demand, as well as, where applicable, the granting of power-of-attorneys necessary for the conduct of the Defense.

 

9.4.6.         For the avoidance of doubt, regardless of whom conducts the Defense, the Indemnifying Party will be liable for all costs and expenses associated with the Defense of any Third Party Demand not challenged by Notice of Procedure (except for fees and other expenses resulting from the hiring of lawyers by the Indemnified Party under Clause 9.4.3 above), including, but not limited to, any and all costs, expenses, fees, administrative or court fees and judicial and administrative deposits required or necessary to allow the Defense to be filed and properly conducted.

 
 

9.1.7. In the case of Demands already pending before the Closing Date, their Defense will remain under the responsibility of the Party that has been leading them until the Closing, including with regard to its costs, by adopting the strategy and using the specialized lawyer chosen and indicated by such Party. However, it is agreed between the Parties that Sellers may not enter into agreements involving the assumption of commitments or obligations by any Buyer Indemnified Party, without Buyer’s prior consent, which will not be unreasonably denied. For the purposes of the foregoing, any of Sellers shall notify Buyer of the terms of any agreement Sellers intend to enter into, and Buyer will have a period of five (5) Business Days to respond whether or not Buyer agrees with the proposed agreement.

 

9.5.      Compliance with Procedures. Any failure by the Indemnified Party in complying with the procedures and commitments undertaken herein (especially those included in this Clause 9) will not exempt the Indemnifying Party from its obligation to reimburse or indemnify the Indemnified Party for the Loss in question, except to the extent such Loss could be settled, mitigated, reduced or prevented in case the Indemnified Party had complied with the provisions herein.

 

9.6.      Payment of the Indemnification. The payment of any indemnification due by the Indemnifying Party to the Indemnified Party, under the terms of this Clause 9, must be made within fifteen (15) Business Days from the date on which a Loss object of a Notice of Indemnification or Notice of Third Party Demand and not challenged by a Notice of Procedure, is actually disbursed or supported by the Indemnified Party.

 

9.6.1. Failure to pay the indemnification within the period indicated in Clause 9.6 above will subject the Indemnifying Party to the payment of late-payment interest of one percent (1%) per month on the outstanding balance, calculated pro rata temporis, without prejudice to the provisions of article 389 of the Brazilian Civil Code. In the event the Indemnifying Party fails to comply, fully and in a timely manner, with the provisions of Clause 9.6 above, the Indemnified Party may exercise all its rights, file all claims and rely on all remedies provided for in this Agreement and the applicable Laws until full satisfaction of the Indemnifying Party’s obligations to indemnify, pursuant to Clause 9.

 

9.7.      Limitations on Indemnification Obligation. The Parties hereby acknowledge and agree that the obligation (a) of Sellers, provided for in Clause 9.1 above, and/or (b) of Buyer, provided for in Clause 9.2 above, will be subject to the following conditions:

 

9.7.1. Maximum Limit. Except as provided in Clause 9.7.5, the aggregate amount of all indemnified Losses by the Indemnifying Party may not exceed the amount equivalent to fifty percent (50%) of the Final Purchase Price (“Maximum Limit”).

 

9.7.2. Time Limit. The indemnification obligation provided for in Clauses 9.1 and 9.2 above will remain valid and effective with respect to any Losses notified by the respective Indemnified Parties during the statutory preemptive or limitation period of each of the different types of obligations provided for in this Agreement, as of the date hereof, and/or until the res judicata of the respective administrative, judicial decision, or final arbitration decision or final settlement that is reached, whichever is longer.

 
 

9.7.3. Individual De Minimis Amount. The Indemnifying Party shall not be required to indemnify for any individual Losses at an amount less than fifty thousand reais (BRL 50,000.00) (the “Individual De Minimis Amount”); provided that (a) Losses having the same taxable event (or causes of action of the same nature) will be aggregated for purposes of reaching such Individual Floor Individual De Minimis Amount; and (b) Losses below the Individual De Minimis Amount will not be considered for the purposes of calculating the Global De Minimis Amount.

 

9.7.4. Global De Minimis Amount. The Indemnifying Party shall not be required to indemnify until the global amount of the Losses under its responsibility is greater than fifty thousand reais (BRL 500,000.00) (“Global De Minimis Amount”). Once the Losses reach such a Global De Minimis Amount, Sellers or Buyer, as the case may be, will be liable for the entire amount of the Losses, including those incurred before the Global De Minimis Amount was reached.

 

9.7.5. Exceptions. The Maximum Limit, the Individual De Minimis Amount and the Global De Minimis Amount do not apply to Losses arising or resulting from: (a) the breach of any of Seller’s Fundamental Representations and Warranties or Buyer’s representations provided for in Clauses 7.1.1 (Corporate Good Standing) and 7.1.2 (Corporate Power and Jurisdiction); and/or (b) any acts of proven willful misconduct, fraud or bad faith; and/or (c) the indemnity assumptions provided for in Clauses 9.1.1(iii), 9.1.1(vi), 9.1.1(vii), 9.2.1(ii), 9.2.1(iii) and/or 10.2; and/or (d) the provisions in Clause 10.2.3 below.

 

9.7.6. Sellers will not be required to indemnify for the Regularization Costs, according to Clause 10.3.

 

9.7.7. Sellers will not be required to indemnify for any Losses already covered by the mechanism in Clause 10.2.2 for recomposition of revenues due to an Irreversible Situation.

 

9.7.8. Accumulated Losses on the Global De Minimis Amount will be adjusted by the positive variation of the IPCA/IBGE index from the date they would have become due had it not been for the existence of the Global De Minimis Amount.

 

9.8.Effective Amount to be Indemnified. For purposes of the indemnification obligations

(a)     of Sellers, as provided for in Clause 9.1 above, and/or (b) of Buyer, as provided for in Clause 9.2 above, for the calculation of the effective amount of reimbursement for any Loss, the following principles shall be applied:

 

9.8.1. If the respective Indemnified Party has the right to claim the Loss of any Third Parties due to insurance or the sum shall be reduced in order to fully reflect any indemnification (including due to insurance) that the Indemnified Party and/or the Company in fact received due to the fact, condition or circumstance originating the indemnified Loss;

 

9.8.2. The amount of the Loss shall be added by the amount corresponding to any Taxes levied on the indemnity (less the reduction in the amount of Taxes payable resulting from such Loss, all calculated under the accrual basis), and the costs and expenses incurred due to the receipt of these indemnities and/or reimbursement, by making the due gross-up, if

 
 

applicable, so that the Indemnified Party receives, the total net amount of the Losses whose indemnification is due to the Indemnified Party hereunder; and

 

9.8.3. Exclusively with respect to Sellers’ obligation to indemnify, if there are any court deposits within the scope of a Third Party Demand in which the Loss is discussed (except for the court deposits made after the Closing Date that have not been supported by Sellers), the amount of the Loss to be considered will be net of the balances of such deposits.

 

9.9.      Best Efforts. The Parties and the Intervening Consenting Sellers agree to use their best commercial efforts (and also to cause their respective Indemnified Parties to do so) to, in good faith and considering the market practices, avoid constituting any Loss and, in case it is constituted, to mitigate the effects thereof. Nothing in this Clause 9.9 (a) will restrict, limit or otherwise affect Buyer’s right to be indemnified for any Losses under this Agreement (nor should it be construed as a restriction or limitation of such Buyer’s right); and/or (b) will impose any type of obligation of Buyer and/or Company after the Closing Date to perform any acts, adopt rules and/or observe specific standards of conduct, nor does it constitute any type of limitation or restriction on the way in which Buyer will conduct and direct its activities and those of Company (including management) of the Infrastructure Items after the Closing Date.

 

Clause 10.

Infrastructure Items and Lease Agreements

 

10.1.Full Regularization.

 

10.1.1.      Sellers will use their best efforts to, by the Closing Date, (i) complete the Full Regularization of all Lease Agreements, including those Lease Agreements that are not listed in Exhibit 4.2.1(ix), and (ii) send a written notice to Buyer providing a copy of the existing Lease Agreements that have not been included in Exhibit 4.2.1(ix) on the date of execution of this Agreement.

 

10.1.2.      Any Lease Agreements that are made available to Buyer pursuant to Clause 10.1.1 will then be considered as Lease Agreements Identified for the purposes of Buyer Conditions Precedent provided for in Clause 4.2.1(ix) and, in the case of Full Regularization until the Closing hereunder, will be computed for the purposes of reaching the Minimum Revenue index, and Exhibit 4.2.1(ix) will be considered automatically amended to include such Lease Agreements.

 

10.1.3.      Lease Agreements that are not listed in Exhibit 4.2.1(ix) on the date of execution of this Agreement and the Lease Agreements Identified for which there was no Full Regularization until the Closing are jointly referred to as “Agreements Pending Regularization”. Sellers agree that (a) they must pay or promptly reimburse Buyer or Company for fifty percent (50%) of any and all costs related to the Full Regularization of the Agreements Pending Regularization incurred by Buyer and/or Company after the Closing Date; and (b) if Company loses the right to use any of the Infrastructure Items due to reintegration and/or loss of ownership of the Leased Areas related to the Agreements Pending

 
 

Regularization, such situation will constitute an Irreversible Situation for the purposes of this Agreement.

 

10.1.4.      In the event that the counterparties in the Lease Agreements require financial compensation (including an increase in the amount of annual remuneration/rent) for making the Full Regularization in an amount greater than five percent (5%) of the annual remuneration/rent due under such Lease Agreements, Sellers may, at their sole discretion, (a) fully comply with the financial conditions imposed by the respective counterparty by making payment in full and in cash of the amounts of said financial considerations to the counterparty, or request Company to apply the provisions of the Oi Sharing Agreement applicable to the Regularization Cost Increase, pursuant to Clause [•] of the Oi Sharing Agreement; or (b) not to make the Full Regularization of such Lease Agreement, in which case the Leased Area and the Infrastructure Item located therein will be considered to be in an Irreversible Situation.

 

10.2.   Irreversible Situation. The Parties acknowledge and agree that, if due to any acts, facts, omissions, events or circumstances occurring up to or on the Closing Date (including, but not limited to, the Site Irregularities), Company (i) loses the right to use any of the Infrastructure Items listed in Exhibit B (including chances of losing possession of any of the Leased Areas in which one or more Infrastructure Items are currently installed); and/or (ii) prove a technical (including engineering defects), legal and/or documentary impossibility for the licensing, operation, occupation or maintenance of an Infrastructure Item, and/or (iii) are required, by an unappealable decision in a Demand by a Governmental Authority and/or Third Party, to terminate the operation of an Infrastructure Item, such Infrastructure Item or Leased Area will be considered in an “Irreversible Situation”.

 

10.2.1.      Upon identification of an Irreversible Situation, Buyer and/or Company may, at its sole discretion, notify the parties to the Oi Sharing Agreement, pursuant to Clause [•] thereof, about the occurrence of an Irreversible Situation (“Notice of Irreversible Situation”).

 

10.2.2.      Upon submission of a Notice of Irreversible Situation, the provisions of Clause [•] of the Oi Sharing Agreement will apply (without the application of any of the limitations provided for in Clauses 9.7.1 to 9.7.4), so that the amount corresponding to the amount of revenue generated by the specific Infrastructure Item object of the Irreversible Situation is divided by the number of Infrastructure Items remaining, plus the amount of the monthly Base Consideration (as defined in the Oi Sharing Agreement) and other applicable considerations provided for in the Oi Sharing Agreement paid by Sellers or their Affiliates in the Oi Sharing Agreement.

 

10.2.3.      Sellers acknowledge and agree that, within the scope of an Irreversible Situation, Company may also incur additional losses to the loss of revenue generated by the specific Infrastructure Item object of the Irreversible Situation, which, with the exception of the Regularization Costs (which will be treated in accordance with Clause 10.3), will be indemnified under the terms, limits and conditions of Clause 9.1 of this Agreement (including the Losses associated with the disassembly, assembly, relocation, construction and costs and expenses associated with the termination or expiration of the Lease Agreement), pursuant to Clause 9.1.1(ii)).

 
 

 

10.3.   The Parties agree and covenant that if the Oi Sharing Agreement is no longer in force for any reason (except in the event that Buyer and/or any of its Affiliates that enter into the Oi Sharing Agreement causes such termination), but the obligations provided for in Clauses

10.1 and/or 10.2 are still in effect and taking effect, then Clauses 8.1.4 and 8.5 of the Oi Sharing Agreement and the other provisions of the Oi Sharing Agreement that deal with the Irreversible Situation or Regularization Cost Increase will be automatically incorporated into this Agreement by reference, mutatis mutandis, as if they were transcribed here.

 

10.4.   Regularization Costs. Buyer acknowledges and agrees that the Infrastructure Items are subject to Site Irregularities, as specifically indicated in Exhibit B to this Agreement, provided that, as indicated in Exhibit B, no indemnification will be paid under this Agreement for any costs and expenses incurred by the Buyer and/or Company to remedy, mitigate, alter or regularize the Site Irregularities (e.g., expenses with lawyers’ fees, costs, fees of Governmental Authorities, etc.) and costs and expenses related to the necessary repairs, interventions and engineering works identified in Exhibit B (“Regularization Costs”).

 

10.4.1.      Buyer undertakes to use its best efforts to remedy the Site Irregularities within twelve (12) months from the Closing Date.

 

10.5.           Overload Irregularities. The Parties acknowledge that the Site Irregularities include irregularities related to overload, as described in Exhibit B (“Overload Irregularities”). If (i) an Irreversible Situation occurs related to such Overload Irregularities within twelve (12) months from the Closing Date, the procedure provided for in Clause 10.2 above will apply; or (ii) an Irreversible Situation occurs related to such Overload Irregularities after twelve (12) months from the Closing Date, Buyer will not be entitled to apply the procedure provided for in Clause 10.2.

 

10.6.           Sellers’ Obligations — Payment Maintenance. Without prejudice to the obligation to indemnify under Clause 9.1.1(ii), Sellers further undertake, on their behalf and on behalf of their Related Parties, not to interrupt the payments due under the Oi Sharing Agreement, related to the Infrastructure Items that have their activities temporarily suspended (i) due to a Third Party Demand (including Governmental Authority) arising from Site Irregularities, or (ii) for the regularization or remediation of a Site Irregularity, except for regularization or remediation of Overload Irregularities carried out after twelve (12) months from the Closing Date, in which case the provisions of this Clause 10.6 will not apply while the temporary suspension of activities continues.

 

10.6.1.      Sellers’ obligation undertaken in Clause 10.6 above on behalf of their Related Parties constitutes a third party fact promise, under the terms and for the purposes of article 439, et seq., of the Brazilian Civil Code.

 

10.7.   Revenue Received After Closing. If any of Sellers and/or their respective Related Parties receive any amount, money and/or revenue relative to or involving, directly or indirectly, any Infrastructure Item after the Closing Date (“Revenue Received”), then any of Sellers that receives such amounts undertakes, in an irrevocable and irreversible manner, to

(i) promptly transfer and return such Revenue Received to Company, which must be done in

 
 

no later than ten (10) Business Days after the date of receipt of the Revenue Received in question, under penalty of Sellers to bear adjustment for inflation based on the positive variation of the IPCA/IBGE index from the date scheduled for payment until the date of actual payment thereof, and be subject to the payment of a non-compensatory fine of five percent (5%) on the amount due, as well as the payment of late-payment interest of one percent (1%) per month on the outstanding balance, calculated pro rata temporis, without prejudice to the provisions of article 389 of the Brazilian Civil Code; and (ii) notify the Person who made the payment of the Revenue Received in question, within ten (10) Business Days counted from the receipt of such Revenue Received, that all future payments must be made in favor of Company.

 

10.8.           Replacement of Guarantees. Buyer undertakes to use its best efforts to replace the guarantees presented by Sellers with respect to Contractual Instruments (including Lease Agreements) entered into by Company and/or related to the Business, as such guarantees may be subject to notice of any of Sellers to Buyer requesting the replacement of guarantees provided by Sellers for the obligations undertaken by Company or related to the Business, by attaching supporting documentation to that effect. Buyer must provide Sellers with proof of release of the respective guarantees within one hundred and twenty days (120) days from the date of receipt of each notice sent by any of Sellers in the manner above in this sense. In the impossibility of replacing any guarantee, the Parties undertake to discuss the best solution for both Parties, and it is hereby established that Sellers undertake not to revoke the guarantees they have provided, and Buyer shall, after the expiration of the above period, start to compensate Sellers in the amount corresponding to two integers and five tenths per cent (2.5%) per year of the value of the guaranteed and not replaced lease.

 

10.9.           New Infrastructure Items. Buyer shall use its best efforts to provide Sellers and/or its Affiliates with access to new infrastructure items that may be acquired by Buyer, by Company and/or their Affiliates from Sellers and/or their Affiliates, if it is of interest of these, under reasonable commercial conditions and within market standards.

 

10.10.       Insurance Hiring. As of the Closing Date, Buyer shall provide, on its own account and at its own expense, the insurance covers Buyer deems necessary and convenient for the Infrastructure Items and the Company’s operations.

 

Clause 11.

Termination

 

11.1.           Termination Events. This Agreement may be terminated prior to Closing in the events described in detail below:

 

(i)by mutual and express agreement between Buyer and Sellers;

 

(ii)                         by any of the Parties, if the Closing does not occur by the Closing Deadline (extendable under Clause 11.2), or at a later date that may be agreed in writing between the Parties;

 
 
(iii)by the Party that does not cause the delay, if the Closing does not occur within fifteen

(15) days from (a) the 12th Business Day from the receipt, by either Party, of the notice referred to in Clause 5.1; or (b) the waiver of Closing Conditions Precedent, as applicable; or any other date that may be agreed between Buyer and Sellers;

 

(iv)[by Buyer, in the event provided for in Clause 4.4.6(ii);]15

 

(v)                         by Buyer, in the event of a Material Adverse Effect or, in the case provided for in Clause 14.4, if Sellers present an update to Exhibits that represents a Material Adverse Effect;

 

(vi)                       by either Party, should the other Party and/or Company become insolvent or bankrupt, be voluntarily or compulsorily dissolved or liquidated, or require any type of bankruptcy reorganization or judicial or extrajudicial reorganization with creditors, except for the Judicial Reorganization in progress;

 

(vii)        by any of the Parties, if the result of the Auction, in which Buyer was the winner, is declared null in some way by a final and unappealable judicial decision and the sale of the Shares under the Judicial Reorganization has to be redone through the organization of a new auction;

 

(viii)            by either Party, if there is any Law or order from any Governmental Authority that makes the transactions provided for in this Agreement illegal or that permanently restricts the closing of the transactions contemplated by this Agreement; and (ix) by either Party, in the event of a breach of or non-compliance with any obligation, representation or warranty of the other Party provided for in this Agreement that has not been remedied within thirty

(30) days from the date of receipt of a notice of said breach or non-compliance.

 

11.2.       Fine. If this Agreement is terminated in the event provided for in Clause 11.1(iii), the Party causing the termination will be required to pay the other Party a non-compensatory fine in the amount of thirty-seven million and five hundred thousand reais (BRL 37,500,000.00), provided that, if the Party that caused the termination is Buyer, the fine will be due to Sellers in proportion to their respective equity interests in Company’s share capital, as indicated by Sellers in the Pre-Closing Certificate. The fine provided for in this Clause may be offset against any amounts that may be owed by one Party to another, including as a result of other Contractual Instruments.

 

11.3.       [CADE Extension. Sellers may, at their sole discretion, regardless of justification, extend the Deadline for an additional period of one hundred and eighty (180) days, to the extent necessary to obtain CADE Approval.]16

 

11.4.       Termination Effects. In the event of termination of this Agreement due to the events stipulated above, this instrument will automatically cease to have effect before the Parties,

 


15 Note for the Draft: Provisions related to antitrust approvals to be excluded if not applicable at the time of executing this Agreement.

16 Note for the Draft: Provisions related to antitrust approvals to be excluded if not applicable at the time of executing this Agreement.

 
 

except for the provisions of Clause 12 (Notices), Clause 13 (Conflict Resolution) and Clause

14.11 (Confidentiality and Non-Disclosure), which will remain valid and effective and will therefore survive the termination of this Agreement, provided that the termination of this Agreement will not relieve the Parties from their liability for breach of this Agreement or affect the Parties' right to claim specific performance of the obligations provided for herein.

 

11.5.       Exercise Limitation. Notwithstanding any other provision included in this Agreement, the right to terminate this instrument under this Clause 11 may not be exercised by the Party: (i) that has provenly failed to comply with its obligations set forth herein or arising herefrom; or (ii) whose non-compliance with its obligations or covenants hereunder has been the cause or resulted in the lack of fulfillment of any Closing Condition Precedent, except if such non-compliance has arisen from any evidenced event of Force Majeure or Act of God, as set forth in article 393 of the Brazilian Civil Code.

 

Clause 12.

Notices

 

12.1.   Notices All communications, notices and/or notifications relating to this Agreement shall be made in writing and delivered: (i) by registered mail; or (ii) through a Register of Titles and Documents, or by judicial means; or (iii) by letter to be delivered by hand or telegram, return receipt requested, or by electronic mail (e-mail) with confirmation of receipt to the Party and to the addresses indicated below, or to another address that such Party may indicate by written notice as provided for in this Clause.

 

If to Sellers and/or Intervening Consenting Sellers:

[•]

 

If to Buyer:

[•]

 

If to Company:

 

a)Until Closing:

[•]

 

b)From Closing:

[•]

 

12.2.   Reception Convention. Notices delivered under this Clause will be deemed given: (i) at the time they are delivered, if delivered in person; (ii) at the time they are delivered, if sent by mail or courier service; and, (iii) on the date shown on the confirmation of receipt of the transmission, if sent by e-mail, unless such date is not a Business Day, in which case it will be deemed received on the Business Day immediately following.

 

12.3.   Change. The Parties may change their respective addresses, as indicated above, by giving notice to all other Parties to this Agreement.

 
 

Clause 13.

Conflict Resolution

 

13.1.   Arbitration. Any disputes arising from this Agreement or otherwise related to it, including as to its existence, validity, effectiveness, interpretation of its terms, conditions, execution or termination (“Dispute”) shall be resolved by arbitration as provided for in this Clause 13 (“Arbitration”).

 

13.1.1.  The Parties agree that, before initiating Arbitration to resolve any Dispute, they shall attempt to reach an agreement for an amicable settlement of such Dispute, within a period not exceeding fifteen (15) Business Days after receipt by a Party of notification of the existence of such Dispute, as sent by the other Party. The Parties agree that their obligation to resolve any Disputes amicably is an ancillary obligation that does not preclude the immediate initiation of Arbitration at any time, at the sole and discretionary criteria of either Party.

 

13.1.2.  At the end of this period or if, at the discretion of either Party, it is impossible to reach an amicable solution, the Interested Party may submit the Dispute to Arbitration before the International Chamber of Commerce (CCI) Arbitration Chamber (“Chamber”), in accordance with its arbitration regulation (“Regulation”) in force on the date of the request for the establishment of Arbitration, with the exception of the changes provided for herein.

 

13.1.3.  The Arbitration will be conducted by three (3) arbitrators (“Tribunal”), one nominated by the requesting party and the other nominated by the requested party, in accordance with the Regulation. If there is more than one requesting party and/or more than one requested party, then the requesting parties and/or requested parties must together indicate their respective arbitrator. In the absence of agreement between the requesting parties or requested parties to indicate their respective co-arbitrator, all arbitrators must be appointed by the Chamber. The two arbitrators thus appointed shall nominate, by mutual agreement, the third arbitrator, who will act as president of the Arbitral Tribunal, within the term provided for in the Regulations. If any of the three arbitrators is not appointed within this period, then the Chamber shall appoint them, as provided for in the Regulation. Any and all controversies regarding the appointment of arbitrators by the parties, as well as the choice of the third arbitrator, will be settled by the Chamber. The Parties, by mutual agreement, remove the application of the provisions in the Regulation that limit the choice of a sole arbitrator, co-arbitrator or president of the arbitral tribunal to the list of arbitrators of the Chamber.

 

13.1.4.  The Arbitration will be based in the City of São Paulo, State of São Paulo, Brazil, where the arbitration award will be issued, and it will be conducted in the Portuguese language. The Arbitral Tribunal shall judge the merits of the Dispute in accordance with Brazilian law and shall not judge by equity.

 

13.1.5.  Any order, decision, determination or award handed down by the Arbitral Tribunal will be final and binding on the parties and their successors, who expressly waive any appeal. The arbitral award may be enforced before any judicial authority with jurisdiction over the parties and/or their assets.

 
 

 

13.1.6.  Each party will bear the costs and expenses that it causes in the course of the Arbitration and the Parties will share equally the costs and expenses whose cause cannot be attributed to one of them. The arbitral award will assign to the losing party, or to both parties to the extent that their claims are not upheld, the final liability for the cost of the proceeding, including the reimbursement of attorneys’ and other advisers’ fees of reasonable value. The arbitration award shall not impose the payment of attorneys’ fees due to loss of suit.

 

13.1.7.  The parties choose the jurisdiction of the Judicial District of São Paulo, State of São Paulo, Brazil, and waive any other, however privileged, for the exclusive purposes of obtaining urgent relief to protect or safeguard their rights prior to the establishment of the Arbitral Tribunal, without this being considered a waiver of Arbitration. Any measure granted by the Judiciary Branch shall be promptly notified by the party that requested such measure to the Chamber. The Arbitral Tribunal, once constituted, may review, maintain or revoke the measures granted by the Judiciary Branch.

 

13.1.8.  The parties agree that all aspects related to Arbitration, including its own existence, must be kept confidential. All its elements (including, but not limited to, the Parties’ allegations, evidence, reports and other statements of third parties and any other documents presented or exchanged in the course of the arbitration proceeding) will only be disclosed to the Arbitral Tribunal, to the parties, their lawyers, Chamber officials, and any person needed to develop the Arbitration, unless disclosure is required to comply with any obligations imposed by applicable law, or by any Governmental Authority.

 

13.1.9.  Any and all disputes related to the confidentiality obligation will be settled in a final and binding manner by the Arbitral Tribunal, which may take any measure to safeguard the confidentiality of the arbitration procedure, or any other matter related to Arbitration.

 

13.1.10.  If two or more disputes arise in relation to this Agreement, or in any way related to it, the resolution thereof may occur through a single arbitration proceeding, pursuant to the Regulation. Before the constitution of the Arbitral Tribunal, the Chamber will be responsible for consolidating the referred disputes in a single arbitral procedure, in accordance with the Regulation. After the constitution of the Arbitral Tribunal, in order to facilitate the resolution of related disputes, the Arbitral Tribunal may, at the request of one of the parties, consolidate the arbitration procedure with any other pending arbitration procedure that involves the resolution of disputes arising from this Agreement, or otherwise related to it. The Arbitral Tribunal shall consolidate the procedures, provided that (i) they involve the same parties; (ii) there are factual and/or legal issues that are common between them; and (iii) the consolidation in these circumstances does not result in losses arising from unjustified delays in resolving such disputes. The jurisdiction to determine the consolidation of procedures and conduct the consolidated procedure will be the first arbitral tribunal constituted. The consolidation decision will be final and binding on all parties involved in the disputes and arbitration procedures object of the consolidation order.

 

13.1.11.  The Intervening Consenting Sellers are expressly bound by this arbitration clause for all legal purposes.

 
 

Clause 14.

Miscellaneous

 

14.1.           Amendments. Any changes or amendment to this Agreement will only be considered valid if agreed upon in writing, in an instrument signed by all Parties.

 

14.2.           Assignment. It is hereby established that the Parties may only assign and transfer, in whole or in part, the rights and obligations arising from this Agreement to Brazilian Affiliated Company(ies), with the prior written consent of the other Party, and subject to the following: (i) prior to such assignment, assignee shall assume, by means of a written instrument, signed and formalized by the other Parties, the fulfillment and compliance with all obligations, covenants and agreements established in this Agreement on behalf of assignor, and (ii) no assignment will exempt assignor from its obligations, covenants and agreements established in this Agreement, provided that, in case of total or partial assignment of its contractual position, assignor will remain jointly and severally with the respective assignee(s) liable for full and timely compliance with such obligations, covenants and agreements, except for the assignment and/or succession of the contractual position resulting from spin-off, merger, combination or other form of corporate reorganization.

 

14.3.           Financing. In view of Buyer's intention to obtain financing to make the transactions contemplated by this Agreement feasible, Sellers undertake, subject to the competitive restrictions that may apply, to use their best efforts to cooperate with Buyer with respect to the preparatory measures of Buyer for obtaining such financing, including: (i) provide Buyer with reasonably requested information regarding the Company, the Business and the Infrastructure Items, including for the purposes of (i.a) preparing the disclosure materials required to be presented to possible sources of financing, and (i.b) evaluating Company’s Assets, with the purpose of constituting a guarantee on them (except that any Liens will be constituted only and with effect after Closing, and at Buyer's account and risk); (ii) provide Buyer with information related to “Know your Customer” procedures, and practices anti- corruption, against money laundering and terrorism; (iii) request the executives of Sellers and/or Company to participate in meetings with Buyer and possible sources of financing, at times and places to be defined by common agreement between the Parties).

 

14.4.           Exhibit Update. The information contained in the Exhibits to the representations and warranties set forth in Clause 6.1 reflects the situation of Company, of Company’s Assets, of the Infrastructure Items, Licenses of the Infrastructure Items, Leased Areas, Relevant Company Agreements, the Business and other information provided therein on the base dates indicated therein. The Parties agree that Sellers may update in good faith the information included in such exhibits (except for the list of Infrastructure Items contained in Exhibit B and for the Site Irregularities described therein and for the Overload Irregularities described in Exhibit B), provided that such updates may only refer to (i) acts, facts or omissions occurring after the date hereof or, exclusively with respect to representations and warranties referring to a specific date or period, after the date or period to which they refer; and (ii) the representations and warranties other than Seller’s Fundamental Representations and Warranties. If Sellers wish to make any updates to such attachments during the period from the date hereof and the Closing Date, then Sellers shall send to Buyer a notice to that effect, which must contain: (a) the Exhibit subject matter of such update; and (b) the nature of the

 
 

event that gave rise to the need to update such exhibit (“Exhibit Update Communication”). If such updating of Exhibits to the representations and warranties (1) represents a Material Adverse Effect, Buyer shall have the right to terminate this Agreement, without incurring any penalty or right of indemnification on the part of Sellers, under the terms of Clause 11.1 below; or (2) does not represent a Material Adverse Effect, Buyer will have the obligation to accept such modification and/or inclusion, which will integrate the representations and warranties of Sellers for the purpose of fulfilling the condition established in Clause 4.2.1(i), provided, however, that any Losses incurred by Buyer Indemnified Parties related to such modifications and/or inclusions will be indemnified by Sellers under the terms of Clause 9.1.1.

 

14.4.1.      Any update to Exhibit 4.2.1(ix) by Sellers will also be subject to the provisions of Clause 10.1 and its sub-clauses above.

 

14.5.           Oi Sharing Agreement. Sellers, on their own behalf and on behalf of their Affiliates, hereby acknowledge and agree that, in the event of sale of business or any other form of disposal of all or a substantial part of Sellers' assets or business (including by virtue of the creation of an isolated production unit gathering the assets), the Oi Sharing Agreement shall be mandatorily assigned to the new holder of such assets, unless otherwise agreed by Buyer.

 

14.6.           Binding Act. This Agreement binds the Parties and their authorized successors and assigns.

 

14.7.           Comprehensive Consensus and Documents. This Agreement and all its Exhibits constitute the sole and entire agreement between Sellers and Buyer with respect to the purpose hereof, and will prevail over and replace any and all other documents and/or related, verbal or written agreements previously entered into by the Parties.

 

14.8.           Severability. If any provision of this Agreement is found to be void, voidable, invalid or inoperative, the remaining provisions will not be affected and will therefore remain in full force and effect, as if the void, voidable, invalid or inoperative provision were not contained in this Agreement. In this case, the Parties will use their best efforts to replace the respective provision with a valid one and, to the extent possible, with the same economic effect.

 

14.9.           Subsequent Commitment. In accordance with the terms and conditions hereof, each Party will perform and cause all other acts to be performed, will sign and formalize all other instruments, certificates and other documents that the other Party reasonably requests in order to comply with the purpose and achieve the objectives of this Agreement and the consummation of the Transaction.

 

14.10.    Press and Public Releases. None of the Parties may issue or cause the issuance of any press release or public communication (including a “Material Fact”) related to this Agreement without the prior knowledge and written approval of the other Party; provided, however, that no provision herein shall prohibit any of the Parties to issue or cause the issuance of any press release or public communication, to the extent such disclosure is required by Law or regulations of any applicable national stock market, in which case the

 
 

Party responsible for such disclosure shall grant the other Party reasonable time to comment in writing such communication before its issuance and/or disclosure.

 

14.10.1.  For the avoidance of doubt, nothing in this Clause 14.10 shall be construed as a limitation on the Parties from making information about this Agreement available to their Affiliates, investors and representatives.

 

14.11.       Unfavorable Interpretation. This Agreement is the result of joint analysis, discussion and negotiation by the Parties. Thus, in the event of any uncertainties or ambiguities that may arise from its wording, this Agreement will be interpreted as if drawn up jointly by the Parties, and no presumption of burden will arise favoring or disadvantaging any Party nor any provision herein will be interpreted in favor or against any of the Parties because of their effective role in drafting this Agreement.

 

14.12.    Confidentiality and Non-Disclosure. The Parties hereby agree to keep confidential, for a period of two (2) years, counting from the date of execution of this Agreement, all technical, legal, operating and commercial information (except for the existence of this Agreement and its content, which may be registered by the Parties with the competent Registers of Titles and Documents) (“Confidential Information”) that are directly or indirectly related to this Agreement and the Transaction covered herein, as well as all information obtained under the terms of the necessary negotiations and investigations for the execution of this Agreement, except, in the case of Buyer, when such availability is made to its Affiliates, Related Parties, creditors, investors and advisors, as well as to the banks with which Buyer eventually raises the funds necessary to pay the Preliminary Purchase Price or Final Purchase Price, in which case such Persons shall be required in advance to maintain the confidentiality of the information, and Buyer shall be liable for maintaining the confidentiality of such information. The delivery of any Confidential Information to any Third Parties by either Party must be preceded by the express approval of the other Parties, as the case may be. Sellers undertake not to disclose to any Third Party and/or Related Party any of the information to which they may have access, or which may be disclosed to them as a result of their position as shareholders of Company and the conduct of business (including manuals, know-how, procedures, etc.) of Company and any information already known by Sellers.

 

14.12.1.                   Confidential Information will exclude any information disclosed by the disclosing Party to the receiving Party that: (i) was already known by the receiving Party at the time of its disclosure by the disclosing Party, and has not been obtained through violation of any confidentiality clause or commitment; (ii) was in the public domain prior to their receipt by the receiving Party; (iii) became part of the public domain after receipt thereof by the receiving Party, for reasons not attributable to the receiving Party’s actions or omissions;

(iv) has been, after the disclosure, acquired in good faith, without any restriction of confidentiality, from a Third Party that is not bound by any non-disclosure agreement with the disclosing Party, provided that there has been no breach of confidentiality in the transmission chain of such information; or (v) is expressly treated as non-confidential by the disclosing Party; or (vi) has been disclosed within the scope of the Judicial Reorganization Proceedings of Sellers and Oi.

 
 

14.12.2.                   The receiving Party may disclose the Confidential Information that is required by a Governmental Authority, including antitrust authorities, strictly to the extent that it is required, provided that such Party informs, if possible, previously and immediately such fact to the disclosing Party of the need for such disclosure, so that the latter can take appropriate measures with respect thereto.

 

14.12.3.  Notwithstanding anything to the contrary in this Agreement, Confidential Information relating to this instrument may be disclosed (i) to Affiliates of the Parties and/or to investors, co-investors, auditors, financiers and consultants, creditors, potential buyers and managers of the Parties, (ii) if its disclosure is required by Law or regulatory rule applicable to any of the Parties or Intervening Consenting Sellers, or (ii) if its disclosure is required from the receiving Party by a Governmental Authority or any self-regulatory entity with jurisdiction over the Party or its Affiliates (including, for the avoidance of doubt, any requests for information within the scope of regulatory due diligence, inspections or verifications carried out in the ordinary course, within the scope of the Party’s activities and business), limited, in any case, to what is strictly necessary, provided the receiving Party informs the disclosing Party in advance or immediately, if possible, of the need for such disclosure, so that the disclosing Party can take the applicable measures with the applicable Governmental Authority (or self-regulatory entity) to prevent such disclosure.

 

14.13.       Fiduciary Assignment. The Parties agree that all receivables arising from the Oi Sharing Agreement are subject to fiduciary assignment to the banks financing the Transaction and/or Buyer.

 

14.14.       Liabilities. Sellers acknowledge that they are and will continue to be solely liable for their contingencies or obligations, including the payment of any taxes due by Sellers or their Affiliates, whether or not they are included in the Judicial Reorganization Plan.

 

14.15.    Intervening Consenting Sellers. Intervening Consenting Sellers represent that they are fully aware of all the terms and conditions of this Agreement and have no restrictions on such terms and conditions, the execution of this Agreement and/or the exercise of the rights and the fulfillment of the obligations agreed herein.

 

14.15.1.  Company and Oi hereby undertake, for all legal purposes and effects, to (i) sign any and all documents, agreements, instruments, and corporate books as necessary to comply with the terms and conditions of this Agreement and the implementation of the Transaction; and (ii) always act, with regard to the terms, conditions, obligations and rights provided herein, in such a way that does not prevent, limit or restrict the respective fulfillment, implementation and/or compliance, as the case may be.

 

14.16.    Guarantee: Oi enters into this Agreement in the capacity of guarantor, joint and several debtor and principal payer of all obligations undertaken by Sellers and by Company (in the latter case, until the Closing Date) under this Agreement, and grants a personal guarantee in the form of a suretyship in favor of Buyer.

 

14.16.1.                   Oi’s obligations undertaken herein will not be affected by any acts or omissions that could exempt Oi from its obligations or affect them, including, but not limited

 
 

due to: (a) any extension of term or agreement between the Parties; (b) any novation or non- exercise of any right of Buyer; and (c) any limitation or disability, including arising from a request for extrajudicial reorganization, a request for judicial reorganization, intervention or bankruptcy.

 

14.16.2.                   Oi expressly waives, in an irrevocable and irreversible manner, the benefits of order, division, rights and exemption powers of any nature provided for in articles 333, sole paragraph, 365, 366, 368, 821, 824, 827, 834, 835, 837, 838 and 839, all of the Brazilian Civil Code, and articles 130 and 794 of the Brazilian Code of Civil Procedure.

 

14.16.3.                   Oi hereby expressly waives the right to subrogate to Buyer’s credit rights, if it will honor, in whole or in part, Company’s obligation under this Agreement.

 

14.16.4.                   This suretyship is provided by Oi on an irrevocable and irreversible basis, and it will enter into force on the date of execution of this Agreement, remaining valid in all its terms until full payment of all the obligations secured by it hereunder and in accordance with Article 818 of the Brazilian Civil Code.

 

14.16.5.  Oi hereby acknowledges that the suretyship is provided for a term of two hundred and forty (240) months, which may be extended for another two hundred and forty (240) months in the event of beginning of foreclosure of the guarantees and, therefore, article 835 of the Brazilian Civil Code shall not apply.

 

14.17.       Waiver, Termination and Discharge. No waiver, termination or discharge of this Agreement or any of its terms or provisions will bind any of the Parties, unless confirmed in writing. The tolerance of either Party with respect to the possible or continued failure by the other Party to comply with any obligation under this Agreement may not, under any circumstances, be construed as a waiver or novation to such rights and will not affect the Party’s right to exercise them in the future.

 

14.18.       Tolerance. A Party's delay in exercising a right provided for in this Agreement shall not be construed as a waiver of such right or novation of the terms established herein, unless expressly provided otherwise in this Agreement.

 

14.19.       Liability for Costs. Unless expressly provided otherwise in this Agreement, each Party will bear its own costs and expenses incurred in negotiating, preparing and concluding this Agreement (including the respective fees of financial advisers, lawyers, auditors and/or any other consultants) and will be liable for the payment of their respective Taxes, and Sellers cannot, under any circumstances, transfer the burden of said costs, expenses and Taxes to Company. If any Transaction Cost or part thereof remains unpaid as of Closing, or is triggered, invoiced and/or payable after the Closing and has not, for any reason, been reflected in the Debt for the purposes of Working Capital and Debt Adjustment, Sellers must pay such Transaction Costs directly (through their own resources) or reimburse Company for these amounts within ten (10) Business Days from the date Buyer notifies Sellers of such payment.

 
 

14.20.       Corporate Reorganization. No provision herein shall be interpreted or understood as an express or implicit limitation to the execution of the Corporate Reorganization or other transformation, combination, spin-off, merger, or share merger transactions, or any other manner of corporate reorganization or transaction involving any of Sellers, Oi and/or their respective assets, provided that such corporate reorganization or transaction does not affect, directly or indirectly, Company, the Infrastructure Items, and Company Assets.

 

14.21.       Specific Performance; Enforceable Instrument. Each Party acknowledges that the remedies provided by law for non-compliance or threat of non-compliance with this Agreement may be inappropriate and, in acknowledging this fact, the Parties will have the right, without the need to provide security and in addition to any other remedies that may be available, to seek relief in the form of specific performance of their mandatory injunctions and/or obligations to pay, temporary restrictive measures, temporary or permanent remedy that may be available under the terms of articles 294 to 311, 497, et. seq., of Brazilian Code of Civil Procedure. Specific performance will not, under any circumstances, be limited and/or impaired by any provision of this Agreement. Each Party further agrees that this Agreement, which is duly signed by two (2) witnesses, is an extrajudicial enforceable instrument for the purposes of Article 784, III, of the Brazilian Code of Civil Procedure.

 

14.22.    Governing Law. This Agreement shall be governed by and interpreted in accordance with the laws of Brazil.

 

IN WITNESS WHEREOF, the Parties executed this Agreement in four (4) counterparts, in the presence of two (2) witnesses.

 

Rio de Janeiro, [•] [•], 20[•].

 

(Remainder of this page intentionally left blank. Signature page to follow)

 

[SIGNATURES]

 


 

SHARE PURCHASE AGREEMENT VIA ISOLATED PRODUCTION UNIT AND OTHER COVENANTS

 

EXHIBIT A

 

Existing Sharing Agreements

 

1.           Infrastructure Sharing Agreement No. CO-UNA-009/2008, entered into on 07/31/2008, by and between, on one side, TNL PCS S.A., and, on the other side, Nextel Telecomunicações Ltda., as amended and modified from time to time;

 

2.           Infrastructure Sharing Agreement No. CO/TELEMAR/UNA-IE/024-2015, entered into on 05/18/2005, by and between, on one side, Telemar Norte Leste S.A., and, on the other side, Nextel Telecomunicações Ltda., as amended and modified from time to time;

 
 

3.           Infrastructure Sharing Agreement No. DNO.060/INFRASTRUCTURE/2006, entered into on 11/01/2006, by and between, on one side, OI S.A. — Under Judicial Reorganization, and, on the other side, Nextel Telecomunicações Ltda., as amended and modified from time to time;

 

4.           Infrastructure Sharing Agreement No. DNO/117/INFRA/2003, entered into on 10/31/2003, by and between, on one side, OI S.A. — Under Judicial Reorganization and OI Móvel S.A. — Under Judicial Reorganization, and, on the other side, AMERICEL S.A. and BCP S.A., as amended and modified from time to time;

 

5.           Infrastructure Sharing Agreement entered into on 01/31/2008, by and between, on one side, BCP S.A., and, on the other side, Amazônia Celular S.A., as amended and modified from time to time;

 

6.           Infrastructure Sharing Agreement No. CO/TELEMAR/UNA-IE/0001-2005, entered into on 05/20/2005, by and between, on one side, Telemar Norte Leste S.A., and, on the other side, ATL Telecom S.A., AMERICEL S.A., TELET S.A., STEMAR Telecomunicações Ltda., TESS S.A., and BSE S.A., as amended and modified from time to time;

 

7.           Letter of Intent of Mutual Infrastructure Assignment Agreement, entered into on 09/08/2003, by and between, on one side, TNL PCS S.A., and, on the other side, ATL — Algar Telecom S.A., STEMAR Telecomunicações Ltda., and BSE S.A., as amended and modified from time to time;

 

8.           Mutual Infrastructure Assignment Agreement No. DNO.129 — INFRA/2004, entered into on 09/30/2004, by and between, on one side, OI S.A. — Under Judicial Reorganization, and OI Móvel S.A. — Under Judicial Reorganization, and, on the other side, Vivo S.A., as amended and modified from time to time;

 

9.           Infrastructure Sharing Agreement No. CO/TELEMAR/UNA-IE/025-2006, entered into on 05/02/2006, by and between, on one side, Telemar Norte Leste S/A, and TNL PCS S.A., and, on the other side, Vivo S.A., as amended and modified from time to time;

 

10.        Infrastructure Sharing Agreement No. CO/TELEMAR/UNA-IE — 0004-2004, entered into on 07/01/2004, by and between, on one side, Telemar Norte Leste S.A., and TNL PCS S.A., and, on the other side, Vivo S.A., as amended and modified from time to time;

 

11.        Infrastructure Sharing Agreement entered into on 01/31/2007, by and between, on one side, Amazônia Celular S.A., and, on the other side, Vivo S/A., as amended and modified from time to time;

 

12.        Infrastructure Sharing Agreement entered into on 06/16/2004, by and between, on one side, Telemar Norte Leste S.A, and, on the other side, Telefônica Empresas S.A., as amended and modified from time to time;

 

13.        Mutual Infrastructure Assignment Agreement entered into on 12/01/2001, by and between, on one side, TNL PCS S.A., Telemar Norte Leste S.A., and Tele Norte Leste

 
 

Participações S.A., and, on the other side, Telemig Celular S.A., Amazônia Celular S.A. — Amazonas, Amazônia Celular S.A. — Pará, Amazônia Celular S.A. — Amapá, Amazônia Celular S.A. — Maranhão, Amazônia Celular S.A. — Roraima, as amended and modified from time to time;

 

14.        Infrastructure Sharing Agreement No. CT/OI/RO — 181-2009, entered into on 11/25/2009, by and between, on one side, Tim Celular S.A., and TIM Nordeste S.A., and, on the other side TNL PCS S.A., and OI Móvel S.A. — Under Judicial Reorganization, as amended and modified from time to time;

 

15.        Infrastructure Sharing Agreement No. CT/OI/RO — 185-009, entered into on 11/25/2009, by and between, on one side, Tim Celular S.A., and, on the other side, OI S.A.

— Under Judicial Reorganization, as amended and modified from time to time;

 

16.        Infrastructure Sharing Agreement No. CT/OI/RO — 183-2009, entered into on 11/25/2009, by and between, on one side, Tim Celular S.A., and TIM Nordeste S.A., and, on the other side, Telemar Norte Leste S.A., as amended and modified from time to time;

 

17.        Infrastructure Sharing Agreement No. CO/TELEMAR/UNA-IE/016-2004, entered into on 03/28/2005, by and between, on one side, Empresa Brasileira de Telecomunicações

S.A. — EMBRATEL, Vésper S.A., and Vésper São Paulo S.A., and, on the other side, Telemar Norte Leste S.A., and TNL PCS S.A., as amended and modified from time to time;

 

18.        Infrastructure Sharing Agreement No. CO/TELEMAR/UNA-IE-0010-2006, entered into on 04/13/2006, by and between, on one side, Primesys Soluções Empresariais S.A., and, on the other side, Telemar Norte Leste S.A., and TNL PCS S.A., as amended and modified from time to time;

 

19.        Mutual Infrastructure Assignment or Sharing Agreement No. DNO/138/INFRASTRUCTURE/2004, entered into on 06/01/2004, by and between, on one side, Empresa Brasileira de Telecomunicações - EMBRATEL, Vésper S.A., and Vésper São Paulo S.A., and, on the other side, OI S.A. - Under Judicial Reorganization, and OI Móvel

S.A. - Under Judicial Reorganization, as amended and modified from time to time;

 

20.        Infrastructure Sharing Agreement No. CO/OI/RO-024-2010 and CONT/CNO/0003/2010, entered into on 03/03/2010, by and between, on one side, OI S.A. - Under Judicial Reorganization, and, on the other side, CTBC Multimídia Data NET S.A., as amended and modified from time to time;

 

21.        Colocation Agreement (Infrastructure Sharing) No. CO/TELEMAR/UNA-IE/0005- 2004, entered into on 11/01/2004, by and between, on one side, Telemar Norte Leste S.A., and, on the other side, Companhia de Telecomunicações do Brasil Central, as amended and modified from time to time;

 

22.        Colocation Agreement (Infrastructure Sharing Agreement) No. CO/TELEMAR/UNA- IE/0009-2004, entered into on 11/01/2004, by and between, on one side, Pegasus Telecom

 
 

S.A., and, on the other side, CTBC Celular Participações S.A., as amended and modified from time to time; and

 

23.        Infrastructure Sharing Agreement No. CO/OI/DA - 219-2015, entered into on 10/26/2015, by and between, on one side, OI Móvel S.A. - Under Judicial Reorganization, and, on the other side, Algar Multimídia S.A., Algar Telecom S.A., and Algar Celular S.A., as amended and modified from time to time.

 


 

SHARE PURCHASE AGREEMENT VIA ISOLATED PRODUCTION UNIT AND OTHER COVENANTS

 

EXHIBIT B

 

Infrastructure Items

 
 

DocuSign Envelope ID: C6090006-247A-471C-86A1-B1FF4A9F9929

 

 

 

 
 

DocuSign Envelope ID: C6090006-247A-471C-86A1-B1FF4A9F9929

 

 

 
 

DocuSign Envelope ID: C6090006-247A-471C-86A1-B1FF4A9F9929

 

 

 

 
 

DocuSign Envelope ID: C6090006-247A-471C-86A1-B1FF4A9F9929

 

 

 

 
 

DocuSign Envelope ID: C6090006-247A-471C-86A1-B1FF4A9F9929

 

 

 

 
 

DocuSign Envelope ID: C6090006-247A-471C-86A1-B1FF4A9F9929

 

 

 

 

 
 

 

 

 

#

 

Site ID

Address  
State Municipality Address Lease Agreements Identified
3 ALMCO2363 AL Maceió AV ASSIS CHATEAUBRIAND, 2998 YES
4 ALOUB2295 AL Ouro Branco RUA CORONEL LUCENA, S/N LUIZ G. DE CARVALHO YES
6 AMMNS3146 AM Manaus Av. J, s/n - Rua Sete de Abril (Pró-menor Dom Bosco) YES
8 APSQA2524 AP Santana AV. FRANCISCO DE MELO PARENTE, 147, REMEDIOS II YES
12 S2BABRR0061 BA Salvador AVENIDA DOM JOAO VI, 466 YES
14 S2BAASG0093 BA Salvador RUA DA MOURARIA, 6 YES
15 S2BAPOK0008 BA Salvador RUA PROFESSOR ARISTIDES NOVIS, 12, FEDERAÇÃO YES
16 S2BAIGW0058 BA Salvador RUA RUBENS GUELLI, 134 YES
22 BACXS4693 BA Mata De São Joao KM 76 - COMPLEXO COSTA DO SAUIPE YES
23 BAPGU1174 BA Porto Seguro RUA SÃO PEDRO, 180 YES
24 BAUIA1294 BA Ubaitaba RUA DO CACAU S/N YES
29 BAMJO0786 BA Mata De São Joao Rodovia BA099 YES
30 BAICM1146 BA Ilha De Comandatuba Rua de Comandatuba, s/n YES
31 BABRM1286 BA Brumado Rod. BR 30 YES
32 S2CEFLA0232 CE Fortaleza Rua Vicente Leite, 630 - Meireles. YES
33 S2CEFLA0114 CE Fortaleza Edifício San Lucas - Rua Prof. Silo Ribeiro, 420 Papicu YES
34 S2CEFLA0198 CE Fortaleza RUA PINTO MADEIRA,757 YES
35 S2CEFLA0202 CE Fortaleza AVENIDA ANTONIO SALES, 1317, YES
37 CEFLA0191 CE Fortaleza Avenida Washington Soares, n° 55 YES
38 S2CEFLA0188 CE Fortaleza AVENIDA LUIS, 300 YES
39 S2CEFLA0074 CE Fortaleza Rua Senador Pompeu, 649 YES
40 CEFLA0230 CE Fortaleza RUA VILEBALDO AGUIAR, ED. JARANA 2200 YES
 
 

 

 

41 CEFLA0187 CE Fortaleza Av. Vicente de Castro, 6043 YES
42 CEARJ0547 CE Barbalha DISTRITO SITIO FARIAS, 0 YES
47 DFBSA0236 DF Brasília SCES trecho 2 lote 32 YES
48 DFSAM0754 DF Brasília QR 411CONJ. 4, CASA 14, SAMAMBÁIA YES
49 DFSAM0753 DF Brasília QS604, CONJ. B (CANDIDADTO B) YES
50 DFBSA0225 DF Brasília Saan Quadra 3 Lote 870 - N S/N YES
52 DFBSA0741 DF Brasília SET SAFS QD 4 LT 1 ZONA CIVICO ADMINIST YES
54 DFBSA0189 DF Brasília SQS 307 BLOCO J - N° S/N YES
55 DFROD0128 DF Brasília Rodovia Brasília - Unaí, BR251, Km 14 - n° S/N YES
57 DFBSA0312 DF Brasília SHIS QI 11, BLOCO O. LAGO SUL YES
59 ESCNA3115 ES Colatina AVENIDA GETULIO VARGAS, 500 YES
61 ESCIM3808 ES Cachoeiro De Itapemirim RUA JOSE FARIAS DE JESUS, 8 YES
62 ESVTA3002 ES Vitoria AV. NOSSA SENHORA DA PENHA,1495 YES
64 GOIUB0360 GO Itumbiara Setor Central - Praça da República. CEP. 75503-900 YES
65 GOGNA0425 GO Goiânia ARAGUAIA SHOPPING - RUA 44 YES
66 DFROD0119 GO Cristalina Rodovia Br 040, Brasília-Belo Horizonte, Km: 35 - N S/N YES
67 GOGNA0393 GO Goiânia AV. 136. QUADRA 239. LOTE 9/10. YES
68 GOACG0278 GO Aparecida De Goiânia RUA CAPIBARIBE Q 22, 0 YES
69 GOGNA0492 GO Goiânia

RUA 04 ESQ. C RUA 02-A, QD.5A, LT.01, N°1.502.

SETOR CENTRAL

YES
72 GOGNA0088 GO Goiânia Rua 17A Esquina Com 13A, 899 — ST. Aeroporto - GO YES
73 GOGNA0462 GO Goiânia RUA BENEDITO ZUPELLI, 254-320 YES
74 S2MASLS1543 MA São Luís Rua Grande, n°490 YES
75 MASLS1557 MA São Luís Av. Senador Vitorino Freire, n° 1958 — Bairro Areinha YES
76 S2MASLS1512 MA São Luís AVENIDA CASTELO BRANCO, 500 YES
77 MASLS1520 MA São Luís Rua do Egito, 283 - Centro YES
 
 

 

 

79 MASMH1979 MA São Mateus Do Maranhão RUA BENU LAGO YES
81 MGURA4872 MG Uberaba Rod. BR-050, Km 195 YES
82 MGASL5930 MG Augusto De Lima R Geraldo Lopes Alvim, 314 YES
85 3GMGGVS5325 MG Governador Valadares Av. JK, 1157 YES
86 MGJFA5020 MG Juiz De Fora Av. Barão do Rio Branco - 2288 YES
87 MGIJA5865 MG Itajubá Rd. Itajubá - Maria da Fé, Km 3 YES
88 MGSAV4348 MG Belo Horizonte Av. João Pinheiro, 495 YES
90 MGJFA5022 MG Juiz De Fora AVENIDA DO RIO BRANCO, 1441 YES
91 MGSLZ2004 MG Belo Horizonte Avenida Antônio Carlos, 8100 - Pampulha Mall YES
92 MGBEL2018 MG Belo Horizonte Rua Afonso Costa Reis, 65 YES
93 MGCTO4130 MG Belo Horizonte Rua Espirito Santo - 1059 YES
94 MGCTO4308 MG Belo Horizonte RUA CARIJOS, 424 - SALA 08 (PRAÇA SETE DE SETEMBRO) YES
96 MGSTO4302 MG Belo Horizonte Rua Carangola, 670 com Rua Cristina YES
97 MGEPL4323 MG Belo Horizonte RUA BEGONIA, 72 YES
98 MGFUN4153 MG Belo Horizonte Av. Brasil, 709 YES
99 MGJFA5046 MG Juiz De Fora RUA MARECHAL DEODORO, 444 YES
100 MGURA5544 MG Uberaba Praça Rui Barbosa, 300, (ELVIRA SHOPPING) YES
102 MGJFA5116 MG Juiz De Fora AVENIDA BARÃO DO RIO BRANCO YES
105 MGBEL4055 MG Belo Horizonte Rodovia Br-356, 3049 - Bh Shopping YES
106 MGFLO4125 MG Belo Horizonte Rua Jacuí, 1882 YES
107 MGIRO4867 MG Itabirito ESTRADA PRINCIPAL, S/N YES
108 MGMRN4603 MG Mariana RUA JOSE MESQUITA, 167 YES
111 MGBET6472 MG Betim RUA ROMUALDA AUGUSTA DE MELO, 337 YES
116 MGSOE5014 MG São Joao Del Rei RUA GABRIEL PASSOS, 321 YES
118 MGGON5120 MG Goiana RUA JOAO DE SOUZA RIBEIRO, 0 YES
 
 

 

 

120 MGFVS2311 MG Fronteira Dos Vales RUA BAHIA, 198 YES
122 MGURA5723 MG Uberaba AVENIDA FILOMENA CARTAFINA, KM 17 YES
124 MGCAA6386 MG Capitão Andrade AVENIDA LEVINDO DIAS, S/N YES
125 MGMEF6434 MG Monte Formoso MORRO DO CEMITERIO YES
130 MGNLA2030 MG Nova Lima RODOVIA JUSCELINO KUBITSCHEK / BR -040, KM 545, S/N YES
136 MGINH5259 MG Itanhomi AV. SÃO CRISTOVÃO, S/N YES
141 MTCBA0021 MT Cuiabá AV HIST RUBENS DE MENDONCA - BAU YES
142 MTCBA0164 MT Cuiabá AV. BEIRA RIO, 3100 JARDIM EUROPA YES
144 PABLM2019 PA Belém Rua Santo Antônio YES
153 PAPGN2432 PA Paragominas Avenida Júlia Kubitschek, s/n Quadra 19 Lote 06 YES
160 PAIAB2438 PA Itaituba Rua Santo Antonio - n° 1489 YES
161 PAVCB2387 PA Barcarena RODOVIA PA, KM21 - DISTRITO MURUCUPI (FABRICA ALUNORTE) YES
162 PAPUP2026 PA Parauapebas MINA DE FERROSOS CARAJÁS N4 (PCE) YES
164 PBMAN4510 PB Cabedelo AVENIDA FLAVIO RIBEIRO COUTINHO, N°143, MANAIRA YES
165 PBCBO4516 PB Joao Pessoa RUA JOSE RAMALHO LEITE, 1233 YES
166 PBMAN4559 PB Joao Pessoa AVENIDA SAPE, 1800 YES
167 PBCTO4571 PB Joao Pessoa AVENIDA BARROSO, 433 YES
172 PEESP3020 PE Recife AV GOV. AGAMENON MAGALHÃES 2656- ESPINHEIRO YES
173 PERCE3244 PE Recife RUA CAIS DA ALFÂNDEGA, S/N - SHOPPING ALFÂNDEGA YES
175 PEBVG3037 PE Recife RUA RAUL AZEDO, 53 YES
176 PEBVG3036 PE Recife RUA JOSE ADERVAL CHAVES, 264 YES
177 PEBVG3044 PE Recife Boa Viagem Avenida Boa Viagem, 4000 Edf Vânia. YES
178 PEBVG3087 PE Recife RUA ANISIO RODRIGUES COELHO, 423 YES
 
 

 

 

179 PEBVT3006 PE Recife RUA SETE DE SETEMBRO, 238 YES
180 PEGRX3016 PE Recife AV GOV. AGAMENON MAGALHÃES 2656- ESPINHEIRO YES
181 PESTA3002 PE Recife RUA MARQUES DE HERVAL,150 - SANTO ANTONIO - RECIFE - PE YES
182 PEIPJ4151 PE Ipojuca Rua Frei Vicente Salvador, 203 YES
184 PEPOX3225 PE Recife Estrada das Ubaias 634 YES
185 PEESP3039 PE Recife RUA QUARENTA E OITO N°434 - EDF. NICOLAU II YES
186 PEIDL3038 PE Recife RUA CAP. JOSÉ DA LUZ,25 YES
187 PEOLD3424 PE Olinda Avenida José Augusto Moreira 2258 - Edf Cidade de Olinda YES
188 PEPNM3128 PE Recife Avenida 17 de Agosto 500 YES
189 PEMAD3054 PE Recife Rua Real da Torre, 292 - Madalena, Recife - PE YES
190 PEMAD3011 PE Recife Rua Demócrito de Souza Filho 71 - EDF SOLAR DO SICUPEMA YES
191 PESTA3001 PE Recife RUA IMP D PEDRO II, 325 YES
192 PESTA3022 PE Recife Avenida Guararapes 154 YES
194 PEBVG3058 PE Recife Rua Major Armando de Souza Melo, 430 - Edf Jacunã YES
195 PEAJP3079 PE Recife Rua Oscár Pinto, 293 - Casa Amarela, Recife - PE YES
196 PEDIM3236 PE Recife Rua Manoel de Medeiros YES
197 PEBVT3032 PE Recife AVENIDA CONDE DA BOA VISTA, 331 - CENTRO YES
199 PECQL3149 PE Recife Rua Alto de Bela Vista, 0 YES
200 PETMR3031 PE Recife R. Jundiá, 242 - Edf Sisal YES
201 PEBVG3082 PE Recife RUA SGT SILVINO MACEDO, 155 YES
203 PEBVG3222 PE Recife Rua Fernando Simões Barbosa 316 YES
204 PEJBO3310 PE Jaboatão Dos Guararapes Avenida Bernardo Vieira de Melo, 4804 YES
205 PEJBO3302 PE

Jaboatão Dos

Guararapes

Avenida Beira Mar, 520 YES
 
 

 

 

215 PRCTA0667 PR Curitiba RUA UBALDINO DO AMARAL, 37, ESTÁDIO COUTO PEREIRA YES
216 PRCTA0546 PR Curitiba AVENIDA PARANÁ 1758 YES
217 PRCTA0661 PR Curitiba RUA TREZE DE MAIO, 981 YES
218 PRMGA0556 PR Maringá AV. DONA SOPHIA RASGULAEFF,466 YES
219 PRCTA0678 PR Curitiba RUA COMENDADOR ARAUJO, 730, HOTEL IBIS YES
221 PRCPM0685 PR Campo Mourão Rua Laurindo Borges, 1398 - Centro, Campo Mourão - PR YES
222 PRFOZ0722 PR Foz Do Iguaçu Rua Rui Barbosa, 786 YES
224 PRCTA0651 PR Curitiba AVENIDA PARANA 3825 YES
225 PRLDA0424 PR Londrina Av Higienópolis, 70 - Jardim Higienópolis YES
226 PRCTA0690 PR Curitiba Rua Mariano Torres, 916 YES
229 PRFOZ0721 PR Foz Do Iguaçu Rua Carlos Souttomayor, 393 YES
230 PRCTA0545 PR Curitiba RUA JOQUEI CLUBE, 437 YES
231 PRCTA0053 PR Curitiba Rua Belém, 43 YES
232 PRCTA0734 PR Curitiba Rua Visc. do Rio Branco, 803 YES
234 PRCPP3519 PR Cornélio Procópio AV. NOSSA SENHORA DO ROCIO,966 YES
235 PRCTA0658 PR Curitiba AVENIDA SILVA JARDIM, 1856 YES
236 PRCTA0523 PR Curitiba RUA PADRE ANCHIETA, 2128 YES
237 PRCTA0110 PR Curitiba Rod. Br 277 Cta - Orleans / Rod. do Café - Cidade Industrial De Curitiba YES
238 PRCTA0143 PR Curitiba Rua da Paz, 202 YES
239 PRCTA0422 PR Curitiba Alameda Dr. Muricy, 650 YES
240 PRCTA0423 PR Curitiba Rua Dr. Manoel Linhares de Lacerda, 84 - Capão Raso YES
242 PRCTA0151 PR Curitiba Rua XV de Novembro, 360 YES
243 PRLDA0214 PR Londrina Rua Sem. Souza Naves, 45 YES
244 PRCTA0126 PR Curitiba Rua Sete de Abril, 571 YES
245 PRCTA0142 PR Curitiba Av. João Gualberto, 623 YES
248 PRPGO0467 PR Ponta Grossa Rua Varnhagem, 366 YES
249 PRCTA0103 PR Curitiba Rua Marechal Deodoro, 950 YES
 
 

 

 

250 PRLDA0219 PR Londrina R. Astorga, 80- Hedy YES
253 PRCTA0469 PR Curitiba Av Afonso Camargo, 849 - Cristo Rei - Curitiba - PR YES
254 PRMGA0497 PR Maringá Rua Néo Alves Martins, 3176 - Zona 3 YES
258 PRFOZ0428 PR Foz Do Iguaçu AVENIDA FELIPE WANDSCHEER 1276 YES
260 PRCTA0454 PR Curitiba

Av. Nossa Senhora da Luz, 1800 - Jardim Social - Curitiba

- PR

YES
261 PRCTA0463 PR Curitiba Avenida da República, 6464 - Guaíra - Curitiba - PR YES
262 PRLDA0505 PR Londrina AVENIDA SANTOS DUMONT, 500-BOA VISTA YES
277 RJRCP0091 RJ Rio De Janeiro AVENIDA PAULO DE FRONTIN, 739 YES
284 RJMGE0314 RJ Magé RUA RAFAEL COZOLINO, QUADRA L, LOTE 3. YES
286 RJCTO0960 RJ Rio De Janeiro Rua São Jose, 90 YES
288 RJBTJ0411 RJ Rio De Janeiro Av. das Américas, 3120 YES
295 RJLEB0130 RJ Rio De Janeiro Rua Dias Ferreira, N° 658 YES
298 RJTNQ2900 RJ Rio De Janeiro AVENIDA GEREMARIO DANTAS, 402 YES
303 RJGAL0141 RJ Rio De Janeiro AVENIDA VINTE DE JANEIRO, S/N° - ILHA DO GOVERNADOR - RIO DE JANEIRO YES
315 3GRJVAS3332 RJ Vassouras ESTRADA BARÃO DE IPIABAS, S/N° - VASSOURAS YES
325 RNMLU6004 RN Natal Rua Florestal 27 YES
330 RNLNA6017 RN Natal Rua N. Sra. de Lourdes 1376 - Ed. Manhatam YES
332 ROPVO3036 RO Porto Velho AV. GOV. JORGE TEIXEIRA, 629 YES
334 S2RSPAE0651 RS Porto Alegre RUA PROF. JOÃO DE SOUSA RIBEIRO, 859 YES
337 S2RSPAE0970 RS Porto Alegre ACESSO D SQ 3 1 UNIDADE VICINAL, 3146 YES
339 RSCSL0061 RS Caxias Do Sul Rua Sinimbu, 2682 YES
340 RSCSL0052 RS Caxias Do Sul Av Júlio de Castilhos, 4054 YES
341 RSCSL0054 RS Caxias Do Sul Rua Gen. Arcy da Rocha Nobrega, 504- Jardim América YES
344 RSLHC0768 RS Salvador Do Sul LINHA COMPRIDA - CENTRO - SALVADOR DO SUL YES
345 RSRGR0891 RS Rio Grande RUA REVOCATA DE MELLO, 51 YES
346 RSCSL0068 RS Caxias Do Sul Rua Remio Antônio Tomazzoni, 138 — Planalto — Caxias do Sul YES
 
 

 

 

348 RSCAN0870 RS São Gabriel RUA FERNANDO FERRARI, S/N YES
349 RSPAE0971 RS Porto Alegre ALAMEDA J - UNIDADE VICINAL, 183 YES
351 RSPAE0857 RS Porto Alegre AVENIDA CRUZEIRO DO SUL, 2323 YES
362 SCPRI0545 SC Princesa Rua Santa Catarina, s/n° YES
364 3GSCFNS0405 SC Florianópolis Av. Rio Branco, 369 YES
365 SCWUM0274 SC Witmarsum Estrada Geral, s/n° YES
366 SCFNS0333 SC Florianópolis R. do Calafate, 113 — BL2 - PANTANAL YES
369 SCJGS0311 SC Jaraguá Do Sul Rua Gerhardt, s/n — Rio da Luz YES
371 SCSOO0503 SC São Jose RUA AMBRÓSIO DA SILVA, 223 YES
373 3GSCFNS0382 SC Florianópolis RUA LACERDA COUTINHO,179 YES
374 SCBCU0351 SC Balneário Camboriú AV. BRASIL, 3080 YES
377 3GSCFNS0572 SC Florianópolis ROD. TERTULIANO BRITO XAVIER, 2352 YES
381 SPCAO4938 SP Cubatão RUA JOSE GONÇALVES TORRES S.N - CUBATÃO/SP YES
382 SPWCV3688 SP São Paulo RUA PRO F VILMA VIEIRA, 21 - CASA VERDE YES
383 SPWMM3911 SP São Paulo Av Moema, 81 - Planalto Paulista, São Paulo - SP YES
384 SPWPC3942 SP São Paulo RUA MANOEL DA MATA SÁ 170 YES
385 SPWFO3735 SP São Paulo RUA ISANGA, N° 521 - FREGUESIA DO Ó YES
386 SPWCM3694 SP São Paulo Rua Pedro Rodrigues Beja, 111 — Vila Marari YES
387 SPWVF4163 SP São Paulo RUA ANTONIO REIS N 11B — CHÁCARA BELENZINHO YES
388 SPWPT3996 SP São Paulo Rua Dr João Toniolo 535 — Jardim São José YES
389 SPWCM3695 SP São Paulo RUA FERRUCIO SANDOLI 232 — SÃO PAULO YES
390 SPWST3117 SP São Paulo Av. Roque Petroni Júnior, 1089 - Chácara Santo Antônio (Zona Sul), São Paulo - SP YES
392 SPWVD3048 SP São Paulo Rua Oscar de Medeiros, 164, Vila Medeiros YES
393 SPWGR3743 SP São Paulo Rua DR. Antônio Simões de Carvalho,105 - Jd. São Bernardo -São Paulo - SP YES
 
 

 

 

395 SPFAC4958 SP Franca Av Presidente Vargas 666 — Cidade Nova, Franca - SP YES
396 SPWCS3728 SP São Paulo Rua Girolamo Dai Libri, 433 - Vila Moraes YES
397 SPWAA3576 SP São Paulo Rua da Padroeira, 83 - Jardim Nordeste, São Paulo - SP YES
398 SPOCO4536 SP Osasco Rua Rosa D'ângelo Pisapia, 156 — Vila Yara YES
399 SPSBO4598 SP São Bernardo Do Campo Rua Ruy Barbosa, 260 YES
400 SPWBE3603 SP São Paulo RUA JOAO BATISTA DE LACERDA, 261 YES
401 SPSBO4607 SP São Bernardo Do Campo Rua Municipal, 193 YES
402 SPWBF3583 SP São Paulo Av. Francisco Matarazzo, 229 - Água Branca, São Paulo - SP YES
403 SPWBF3585 SP São Paulo Rua Josef Kryss, 319 - Parque Industrial Tomas Edson YES
404 SPSBO4630 SP São Bernardo Do Campo Rua Nelza Ascêncio, 128 — Ferrazópolis — São Bernardo do Campo YES
405 SPSCN4637 SP São Caetano Do Sul Rua Archinto Ferrari, 118 — Santo Antônio — São Caetano do Sul YES
406 SPWBV3589 SP São Paulo AVENIDA PAULISTA, 810 YES
407 SPWCB3641 SP São Paulo Rua Ribeiroles, 274 — Vila Paulista YES
408 SPMMM5169 SP Mogi Mirim Rua Coronel Venâncio Ferreira Alves Adorno, 89 — Saúde YES
409 SPRPO5341 SP Ribeirão Preto Rua Bernardino de Campos, 1236 YES
410 SPSTB5363 SP Santa Barbara Doeste RUA TREZE DE MAIO, 749 - CENTRO YES
411 SPSJC5460 SP

São Jose Dos

Campos

Rua Euclídes Miragaia, 26 — Centro YES
412 SPPGE5272 SP Praia Grande AV. PRESIDENTE COSTA E SILVA, 13 — PRAIA GRANDE - SP YES
414 SPSTS5379 SP Santos Rua Saturnino de Brito, 256 — Marapé — Santos YES
415 SPSTS5396 SP Santos Av. Ana Costa, 121 - Vila Matias YES
416 SPSTS5403 SP Santos Rua Vergueiro Steidel, 304 - Aparecida YES
 
 

 

 

417 SPSUM5601 SP Sumaré Rua João Antônio Soares, 18 — Jd. Bom Retiro - Sumaré YES
418 SPWPN3988 SP São Paulo Avenida Nove de Julho, 5624 — Jardim Paulista — São Paulo YES
419 SPWTA4138 SP São Paulo Rua Cantagalo, 738 — Vila Gomes Cardim - SP YES
420 SPWPZ3963 SP São Paulo Rua Dr. Homem de Melo, 1186 - Perdizes YES
421 SPWPZ3964 SP São Paulo Rua Dr. Homem de Melo, 352 — Perdizes — São Paulo YES
422 SPWJQ3800 SP São Paulo Rua das Oiticicas, 149 — Pq. Jabaquara - São Paulo - SP YES
423 SPWJQ3801 SP São Paulo Rua Mianos, 104 — Vila Santa Catarina - SP YES
425 SPWRE4007 SP São Paulo Alameda Barão de Limeira, 478 - Campos Elíseos, São Paulo - SP YES
426 SPWRE4010 SP São Paulo Avenida Cásper Libero, 58 — Centro Histórico de São Paulo YES
427 SPWRE4011 SP São Paulo Rua Conselheiro Ramalho, 104 — Bela Vista YES
428 SPWVJ4178 SP São Paulo Rua Édipo Felíciano, 100 - Vila Jacuí, São Paulo — SP YES
429 SPWLB3880 SP São Paulo Rua do Glicério, 731 — Liberdade — São Paulo YES
430 SPWLB3881 SP São Paulo Rua Vergueiro, 168 — Liberdade — São Paulo YES
433 SPWVM4212 SP São Paulo Rua Eça de Queiroz, 258 — Vila Mariana - SP YES
434 SPWLP3868 SP São Paulo Rua Tonelero, 239 — Vila Ipojuca — São Paulo - SP YES
435 SPWLP3870 SP São Paulo Rua Marcelina, 394 — Vila Romana - SP YES
436 SPWSC4040 SP São Paulo Rua Albuquerque Lins, 374 - Santa Cecilia, São Paulo - SP YES
437 SPWSD4078 SP São Paulo Av General Charles de Gaulle, 208 — Pq. São Domingos YES
438 SPWVM4216 SP São Paulo R. Joel Jorge de Melo, 62 - Vila Mariana YES
440 SPWSE4124 SP São Paulo Praça Doutor João Mendes, 62 — Liberdade YES
441 SPWMM3898 SP São Paulo RUA SALTO, 70 — MOEMA YES
442 SPWMM3901 SP São Paulo Av. dos Imarés, 88 - Indianópolis, São Paulo - SP YES
443 SPWMM3903 SP São Paulo Alameda Jauaperi, 1083 — Moema - SP YES
446 SPWMR3927 SP São Paulo Avenida Barão de Monte Mor, 75 — Vila Morumbi YES
447 SPWSN4057 SP São Paulo Rua Voluntários da Pátria, 2798 - Santana, São Paulo - SP YES
449 SPWSU4103 SP São Paulo Rua Estero Belaco 160 - Vila da Saúde, São Paulo - SP YES
 
 

 

 

450 SPWSU4117 SP São Paulo Av. Jabaquara, 970 — Saúde — São Paulo YES
452 SPWCO3064 SP São Paulo Av. Angélica, 1683 - Santa Cecilia, São Paulo - SP YES
453 SPWSU3522 SP São Paulo Avenida Indianópolis, 1192 — (Clube Sírio Libanês) - Planalto Paulista, São Paulo YES
454 SPWBL3618 SP São Paulo RUA EDUARDO COSTA, N°244 - VILA BRASILÂNDIA YES
457 SPWCO3717 SP São Paulo Rua Minas Gerais, 388 - Higienópolis YES
458 SPSBO4605 SP São Bernardo Do Campo Rua Marechal Badoglio, 15 — Vila Mussoline YES
459 SPWJR3818 SP São Paulo Rua Conselheiro Amaral, 196 - Jaguará, São Paulo - SP YES
460 SPWPN3987 SP São Paulo Rua Hungria, 664 - Jardins, São Paulo - SP YES
461 SPWTA4136 SP São Paulo RUA GEN. GELÁS, 72 - TATUAPÉ, SÃO PAULO-SP - 03090-030 YES
462 SPWRE4012 SP São Paulo Rua Washington Luís, 392 — Centro Histórico — São Paulo YES
463 SPWSC4044 SP São Paulo Praça Júlio Prestes, 30 - Campos Elíseos, São Paulo - SP YES
464 SPWMM3907 SP São Paulo Alameda dos Tupiniquins, 1235 - Planalto Paulista YES
465 SPWPN3972 SP São Paulo Rua Fradique Coutinho, 1590 — Pinheiros — São Paulo - SP YES
466 SPWMM2564 SP São Paulo Rua inhambu, 763 YES
467 SPWVM3099 SP São Paulo Av. Brigadeiro Luís Antônio, 2819 — Jardim Paulista YES
468 SPWLB3069 SP São Paulo Rua Topázio, 420 — Vila Mariana YES
469 SPLRA5117 SP Limeira Rua Dr. José Carvalho Ferreira, s/n YES
470 SPWJE3059 SP São Paulo Rua Caetanópolis, 930 - Jaguaré YES
471 SPWCO3711 SP São Paulo Rua da Consolação, 2143 YES
473 SPWCO3721 SP São Paulo Av Angélica, N° 1189 — Consolação YES
474 SPJAI4454 SP Jundiaí Rua do Rosário YES
475 SPSTS5374 SP Santos Rua Augusto Paulino, 57 YES
476 SPWBV3596 SP São Paulo RUA LOURENCO GRANATO, 214 YES
 
 

 

 

477 SPWCY3637 SP São Paulo AVENIDA LACERDA FRANCO, 130, CEP:1536-000 YES
478 SPWAR3557 SP São Paulo RUA TEOFILO DIAS, 332 YES
479 SPWBS3612 SP São Paulo RUA JOSE MONTEIRO, 323 YES
480 SPWIT3794 SP São Paulo AVENIDA CAMPANELLA, EDIFÍCIO: CAMPANELLA 1297 — ITAQUERA YES
481 SPSTS5387 SP Santos Rua Ana Costa, 555 YES
482 SPSTS5389 SP Santos Rua Barão de Paranapiacaba, 77 YES
483 SPSTS5397 SP Santos Rua Euclides da Cunha, 151 YES
487 SPWJP3833 SP São Paulo Rua José Maria Lisboa, 1187 YES
488 SPWJP3845 SP São Paulo Rua Pamplona, 825 - Jardim Paulista YES
489 SPWPZ3957 SP São Paulo Rua Diana, 740 — Perdizes YES
490 SPWJQ3807 SP São Paulo Rua das Grumixamas, 110 — Jardim Oriental YES
491 SPWRT4003 SP São Paulo Rua Cândido Fontoura, 481 YES
492 SPWSC4035 SP São Paulo Rua Guaianases, 1197 YES
493 SPWMR3923 SP São Paulo Av. Lineu de Paula Machado, 1174 Jardim Everest YES
494 SPWIR3748 SP São Paulo Rua Vasconcelos Drumond, 196, Ipiranga YES
495 SPWIR3751 SP São Paulo Rua Costa Aguiar, 994 - Ipiranga YES
496 SPWSU4108 SP São Paulo Av. Indianópolis, 2185 YES
497 SPARC3152 SP Araçatuba Rua Wenceslau Braz 120 - Ed Copacabana — Vila Santa Maria YES
498 SPSTS3213 SP Santos Avenida Presidente Wilson, 66 — José Menino YES
499 SPSZN3100 SP Suzano Rua Benjamin Constant, 1653 YES
500 SPWMM3096 SP São Paulo Alameda dos Anapurus, 1297 - Moema YES
501 SPWJP3067 SP São Paulo Alameda Tietê, 301 — Jardim Paulista YES
502 SPWJG3820 SP São Paulo Rua Sebastiao Laranjeiras 252 YES
503 SPWLJ3865 SP São Paulo RUA GIBOUCUS 62 YES
504 SPWCO3714 SP São Paulo Avenida Angélica, 2000 — Consolação — São Paulo YES
505 SPWPN3974 SP São Paulo Rua Joaquim Antunes, 149 - Pinheiros — São Paulo YES
506 SPWVM4205 SP São Paulo Rua Conselheiro Rodrigues Alves, 391 — Vila Mariana YES
 
 

 

 

507 SPWLM3888 SP São Paulo Rua Antônio Ribeiro de Morais, 264 - Vila Carbone, São Paulo - SP YES
508 SPWCO3719 SP São Paulo Rua Amaral Gurgel, 518 — Consolação YES
509 SPWRE4004 SP São Paulo Rua Coronel Xavier de Toledo, 70 - República YES
510 SPWRE4005 SP São Paulo Av. Prestes Maia, 702 YES
511 SPWIB3779 SP São Paulo Rua Jesuíno Arruda, 327 - Itaim Bibi YES
512 SPWIR3753 SP São Paulo Rua Costa Aguiar, 2446 - Ipiranga YES
513 SPWPZ3047 SP São Paulo Rua Campevas, n° 313/325 - Perdizes YES
514 SPGJA4743 SP Guarujá Rua Mário Ribeiro, 886 YES
515 SPGJA5009 SP Guarujá Rua José Avelino de Oliveira, 260 YES
517 SPWJP3849 SP São Paulo Av. Paulista, 2006 — Bela Vista YES
518 SPWJP3854 SP São Paulo Avenida Brasil, S/N - Jardim América (Praça Nossa Senhora do Brasil) YES
519 SPWIR3760 SP São Paulo Rua Vemag 1, Vila Independência YES
520 SPWJP3068 SP São Paulo Rua Batatais, 558 YES
521 SPPAA5239 SP Piracicaba Rua Praça da Catedral Dom Ernesto de Paula, 170 - Centro YES
522 SPWCL3670 SP São Paulo Rua Caverá, 55 — Jardim Umarizal YES
523 SPWAN3570 SP São Paulo AV. Felippo Sturba, S/N - Anhanguera YES
524 SPCAS4848 SP Campinas Rua General Osório, 1233 — Centro YES
525 SPCAS4871 SP Campinas Rua Júlio de Mesquita, 36 YES
526 SPCAS4876 SP Campinas Rua Vargem Grande do Sul, 506 - Esquina com Avenida Baden Powell YES
527 SPITA4429 SP Itatiba Rua Quintino Bocaiúva, 343 YES
528 SPSOC5568 SP Sorocaba Rua Capitão Nascimento Filho, 171 YES
529 SPWMC3921 SP São Paulo Rua João Caetano, 379 YES
530 SPWCN3674 SP São Paulo R. Maria Angélica Franci, - Vila Franci YES
531 SPWIP3017 SP São Paulo R Manuel Martins de Melo, S/N- Vila Itaim YES
532 SPWIP3018 SP São Paulo Avenida Tomé Dias Laço, S/N — Itaim Paulista YES
533 SPWJH3830 SP São Paulo Rua Tetiximira, 146 — Jardim Helena YES
 
 

 

 

534 SPGRS3000 SP Guarulhos Rua Candelária, S/N - Jardim Jacy YES
535 SPWMR2678 SP São Paulo Rua Jules Rimet, estádio Cícero P. de Toledo, portão04, Morumbi YES
536 SPWBS5671 SP São Paulo RUA DO GASOMETRO, 741, CEP: 3004 - 000 YES
537 SPWBU3625 SP São Paulo RUA ARMANDO FAIRBANKS, 310 YES
538 SPWJP3841 SP São Paulo Avenida São Gabriel, 236 — Jardim Paulista YES
539 SPWJP3851 SP São Paulo Alameda Campinas, 1600 YES
540 SPWSC4038 SP São Paulo Rua Albuquerque Lins, 92 YES
541 SPWIB3777 SP São Paulo Rua Jacurici, 184 — Itaim Bibi YES
542 SPRPO5315 SP Ribeirão Preto Rua Ana Costa, 555 YES
543 SPPGE5273 SP Praia Grande Rua São Salvador, 50 - Guilhermina YES
544 SPSTS5391 SP Santos Av. Presidente Wilson, 90 - José Menino YES
546 SPWST4072 SP São Paulo Rua Rodrigues Pais, 193 YES
547 SPWPN3985 SP São Paulo Rua Diana, 740 YES
548 SPCAS4870 SP Campinas Rua José de Alencar, 675 - Centro YES
549 SPWJQ3808 SP São Paulo Rua Porcelana, 193 — Vila do Encontro — São Paulo YES
550 SPWIB3769 SP São Paulo AVENIDA HORÁCIO LAFER, 702 YES
551 SPWLP3869 SP São Paulo Rua Albion, 229 - Lapa, São Paulo - SP YES
552 SPWBV3588 SP São Paulo ALAMEDA RIO CLARO, BELA VISTA - 157 SÃO -SP YES
553 SPWPS3970 SP São Paulo R Antônio José Anacleto, S/N, Vila Fanton YES
554 SPWMM3098 SP São Paulo Av. Jacutinga, 632 - Indianópolis YES
555 SPWBU3628 SP São Paulo AVENIDA CAXINGUI, 175 YES
556 SPPGE5275 SP São Paulo RUA BALNEARIO CAMBURIU, 100 YES
557 SPWJP3853 SP São Paulo AL ITU,1067 VILA CARAGUATA CONDOMÍNIO EDIFÍCIO JOSÉ HACHEM YES
558 SPWIB3784 SP São Paulo Av. Engenheiro Carlos Berrini, 801 YES
559 SPWJP3840 SP São Paulo AVENIDA PAULISTA, EDIFÍCIO ASAHI,1274 YES
560 SPWSN4046 SP São Paulo RUA, FRANCISCO RAMOS N, 28 SANTANA YES
561 SPWSE4118 SP São Paulo AV DO ESTADO, N° 2854, CENTRO YES
 
 

 

 

562 SPOCO4514 SP Osasco Rua Dr. Mariano Jatahy Marcondes Ferraz, 215 - Centro YES
563 SPRPO5325 SP Ribeirão Preto Rua Sete de Setembro,590 YES
564 SPWIB3761 SP São Paulo R. GUARAIUVA, 599 YES
565 SPWSL4085 SP São Paulo Avenida Sapopemba, 5435 — Sapopemba — São Paulo YES
566 SPWSN4059 SP São Paulo Rua Valdemar Martins, 116 YES
567 SPWRE4015 SP São Paulo RUA AMARO, 418, YES
568 SPWBV3594 SP São Paulo RUA PEIXOTO GOMIDE, 581 YES
569 SPWCB3644 SP São Paulo Rua Baronesa da Bela Vista, 801 (Hotel Ibis) - Vila Congonhas YES
570 SPWRE4006 SP São Paulo RUA BENTO FREITAS 186 YES
572 SPGRS0436 SP Guarulhos Rua Caraguatatuba, 57 YES
573 SPWCS3725 SP São Paulo RUA KITIZU UTIYAMA, 314, CURSINO YES
574 SPWJE3824 SP São Paulo Rua Marselha, 94, Jaguaré YES
575 SPWVC3023 SP São Paulo AV. FLAMINGO, 1361 - VILA NOVA CURUÇÁ YES
576 SPCAS4840 SP Campinas RUA BARRETO LEME, 2101 YES
577 SPCAS4857 SP Campinas Rua Doutor Sales de Oliveira, 463 - Vila Industrial - Campinas - SP YES
578 SPCAS4882 SP Campinas Rua Doutor Quirino, 757 - Centro, Campinas - SP YES
579 SPWCL3663 SP São Paulo Rua Odemis, 520 YES
580 SPWBF3579 SP São Paulo Largo Péricles, 0, Barra Funda YES
581 SPSBO4601 SP São Bernardo Do Campo PÇA SAMUEL SABATINI, 200 - CENTRO - SÃO BERNARDO CAMPO YES
582 SPSBO4608 SP

São Bernardo Do

Campo

Rua Braga, 266 - Vila Lusitania, São Bernardo do Campo -

SP

YES
583 SPSBO4613 SP São Bernardo Do Campo AVENIDA JOÃO FIRMINO, 1229 - ASSUNÇÃO - SÃO BERNARDO DO CAMPO - SP YES
584 SPSCN4634 SP São Caetano Do Sul Rua Rafael Correia Sampaio, 977 - Santa Paula - S.C.S YES
585 SPWBV3587 SP São Paulo Rua Treze de Maio, 1566 - Bela Vista - São Paulo YES
 
 

 

 

587 SPSTS5383 SP Santos Av. Dona Ana Costa, 376 - Gonzaga - Santos YES
590 SPWTA4137 SP São Paulo Rua Apucarana, 1563 -Tatuapé - São Paulo YES
591 SPWJP3834 SP São Paulo Alameda Joaquim Eugênio de Melo, 1452 - Jd. Paulista - São Paulo YES
592 SPWJP3844 SP São Paulo Alameda Jaú, 1167 - Jardim Paulista - SP YES
593 SPWJP3848 SP São Paulo Rua Maestro Elias Lobo, 1040 - Jardim Paulista - São Paulo YES
594 SPWPZ3959 SP São Paulo Rua Monte Alegre, 470 - Perdizes - São Paulo YES
595 SPWRE4009 SP São Paulo Lago do Arouche, 96 - República - SP YES
596 SPWSC4043 SP São Paulo Rua Dr Gabriel Dos Santos, 759 - Santa Cecilia YES
597 SPWVM4217 SP São Paulo RUA MANUEL DA NÓBREGA, 181 YES
598 SPWMM3905 SP São Paulo Rua Gaivota, 22 - Moema YES
599 SPWMM3910 SP São Paulo Rua Gaivota, 665 - Indianópolis - São Paulo YES
600 SPWIB3773 SP São Paulo Av. Jurubatuba, 246 - Morumbi YES
601 SPWTA4133 SP São Paulo RUA EMILIO MALLET, 1893, VILA GOMES CARDIM YES
602 SPSTS2545 SP Santos Avenida Washington Luiz, 61 - Vila Matias- Santos - SP YES
603 SPSCN3086 SP São Caetano Do Sul Rua Alameda São Caetano, 1738 - Santa Maria - S.C.S YES
604 SPWRE3072 SP São Paulo Rua Vitória, 395 YES
607 SPWVS4235 SP São Paulo RUA JOAO GUILHERME, 239 YES
608 SPWVA4157 SP São Paulo Rua Chico Gomes, S/N° YES
609 SPWLM3887 SP São Paulo R. Dirce Rodrigues 33 YES
610 SPCAS4865 SP Campinas

Av. Barão de Itapura, 1518 - Jardim Guanabara, Campinas

- SP

YES
611 SPGJA5000 SP Guarujá Rua José da Silva Figueiredo, 525 Enseada - Guarujá YES
612 SPINE5044 SP Itanhaém Rua João Mariano, 193 - Centro - Itanhaém YES
613 SPWBL3617 SP São Paulo ESTRADA DO SABÃO, 40 YES
614 SPRPO5311 SP Ribeirão Preto RUA AMÉRICO BRASILIENSE, 413 YES
616 SPPGE5280 SP Praia Grande Rua Nicarágua, 49 - Praia Grande - São Paulo YES
 
 

 

 

618 SPWSC4034 SP São Paulo Rua Cruzeiro, 732, Barra Funda YES
619 SPWMM3906 SP São Paulo R Dra. Neyde Aparecida Solito, 460 - Vila Clementino - Moema - SP YES
620 SPCAS2549 SP Campinas RUA BARÃO DE JAGUARA, 707 - CONCEIÇÃO YES
621 SPSCL2559 SP São Carlos Rua Dona Maria Jacinta, 241, São Carlos - SP YES
622 SPGRS3002 SP Guarulhos Av. São Paulo, 352 - Cidade Brasil - Guarulhos - SP YES
623 SPWCT3015 SP São Paulo Rua Jaguapeba, 100 YES
624 SPWPT3039 SP São Paulo Rua Cel. Gonçalves da Siqueira 145, Pirituba YES
625 SPWRE3073 SP São Paulo Rua Augusta, 66 YES
626 SPJCI1883 SP Jacareí R. Cap. João Jose de Macedo, 340 YES
627 SPWPZ3961 SP São Paulo Rua Coari, 208 YES
628 SPWSL4088 SP São Paulo Rua Joaquim Ribeiro da Costa, 386 YES
629 SPWBF3580 SP São Paulo Rua Turiassú, 1863, Perdizes YES
630 SPSJC5491 SP São Jose Dos Campos Rua Cel João Cursino, 240/242 - Ed. Toulon YES
631 SPSTS5402 SP Santos

RUA LACERDA FRANCO, Condomínio Ed. Icaraíma -

Bairro Aparecida 137, CEP:11025180

YES
634 SPWPI3940 SP São Paulo Av. Cruzeiro do Sul, 1100 - Canindé YES
635 SPJCI1882 SP Jacareí Rua Gilberto Moreira, 296 - Vila Formosa, Jacareí - SP YES
636 SPWCB3651 SP São Paulo Rua Barão do Triunfo, 276 YES
637 TOPMJ2109 TO Palmas AVENIDA LO-5, LT 01 - PLANODIRETOR SUL YES

 

2 SRMGBPR4203 MG Belo Horizonte Avenida Augusto de Lima, 1549 - Fórum Lafayete YES
3 RJSMI2621 RJ São Joao De Meriti Rodovia Presidente Dutra, 4200 - Shopping Grande Rio YES
5 SPWCB3642 SP São Paulo Av. Washington Luís, s/n - Aeroporto Internacional de Congonhas YES
6 SRCEFLA0142 CE Fortaleza Av. Senador Carlos Jereissati, 3000 YES
7 SPGRS2853 SP Guarulhos Rod. Presidente Dutra, Km 230 - Internacional Shopping Guarulhos YES
 
 

 

 

8 SPGRS4359 / SPGRS4360 SP Guarulhos Rod. Hélio Schmidt, s/n - Aeroporto Internacional de São Paulo (Cumbica) YES
9 SRBASCT0204 BA Salvador PRACA GAGO COUTINHO, 282, YES
10 SRRJCTO3007 RJ Rio De Janeiro Praça Senador Salgado Filho, S/N - Aeroporto Santos Dumont YES
11 DFIND0132 DF Brasília CSB 2, Lotes 1/4, Alameda Shopping YES
12 SPBRE4271 SP Barueri Al. Rio Negro, 1033 - Alphaville Shopping YES
14 SPARC2841 SP Araçatuba Av. Joaquim Pompeu de Toledo, 601 - Araçatuba Shopping YES
17 SPBRU2845 SP Bauru R. Henrique Savi, 15-55 - Bauru Shopping YES
18 SRRSIND0519 RS Porto Alegre AVENIDA PRAIA DE BELAS, 1181 YES
19 SRMGBEL4193 MG Belo Horizonte Rodovia BR-356, 3049 - BH Shopping YES
20 MGCEM4198 MG Contagem Avenida João César de Oliveira, 1275 - Big Shopping (32260-250) YES
21 SPWST4067 SP São Paulo R. Borba Gato, 59 - Boa Vista Shopping YES
22 RJBOT2604 RJ Rio De Janeiro Praia de Botafogo, 400 - Botafogo Praia Shopping YES
23 DFIND0726 DF Brasília SETOR TERMINAL NORTE, CONJUNTO J, BOULEVARD SHOPPING YES
24 SPWBF2628 SP São Paulo Rua Turiassú, 2100 YES
25 DFIND0130 DF Brasília QD SCN Q 5 BL A, 0 - ASA NORTE YES
27 SPGTA2632 SP Guaratinguetá Av. Juscelino Kubitscheck de Oliveira, 351 - Buriti Shopping Guará YES
28 SRGOIND0199 GO Goiânia Av. Rio Verde, Qd. 102-104 YES
29 DFIND0133 DF Brasília Câmara dos Deputados - Praça dos Três Poderes YES
32 SPCAS2846 SP Campinas R. Jacy Teixeira Camargo, 940 - Campinas Center YES
33 SPCGT2849 SP Caraguatatuba Av. Arthur Costa Filho, 937 - Caraguá Praia Shopping YES
34 PRIND0394 PR Londrina RODOVIA CELSO GARCIA CID, S/N YES
36 SRRJTNQ3055 RJ Rio De Janeiro Avenida Geremário Dantas, 402 - Center Shopping YES
37 SPSJC5473 SP São Jose Dos Campos Av. Deputado Benedito Matarazzo, 9403 - Center Vale Shopping YES
 
 

 

 

38 SPWVP4227 SP São Paulo Av. Dr. Francisco Mesquita, 1000 - Central Plaza Shopping YES
40 SRRJBOT3027 RJ Rio De Janeiro Praia de Botafogo, 501 - Centro Empresarial Mourisco YES
41 SRRJBTJ3047 RJ Rio De Janeiro Av Ayrton Senna, 3000 - Via Parque - Citibank Hall YES
43 SPWJE2880 SP São Paulo Av. Leão Machado, 100 - Continental Shopping YES
45 SRMGLUR4196 MG Belo Horizonte Avenida Olegário Maciel, 1600 - Diamond Mall Shopping YES
47 SPMIA2860 SP Marilia Av. Esmeraldas, 701 - Esmeralda Plaza Shopping YES
48 SPSOC2891 SP Sorocaba Av. Izoraida Marques Peres, 401 - Esplanada Shopping YES
49 SPWVG2881 SP São Paulo R: José Bernardo Pinto, 333 - Expo Center Norte YES
50 SPWST0333 SP São Paulo R. Arquiteto Olavo Redig de Campos, 105 - EZ Towers — Torre A YES
51 SPFAC2636 SP Franca Av. Rio Negro, 1100 - Franca Shopping YES
52 SPCAS4833 SP Campinas Rodovia Dom Pedro I, Km 131,5 - Galeria Shopping YES
53 SPCTD2850 SP Catanduva Av. José Nelson Machado, 280 - Garden Catanduva Shopping YES
54 MTCBA0068 MT Cuiabá AV. LAVA PÉS YES
55 SPSNE2870 SP Santo André Av. Industrial, 600 - Grand Plaza Shopping (Antigo ABC Plaza Shopping) YES
56 SRRJBNF3050 RJ Rio De Janeiro Avenida Dom Hélder Câmara, 5474 YES
59 SRCEFLA0296 CE Fortaleza Av Dioguinho, 4189 YES
60 RJNIU2623 RJ Nova Iguaçu Av Governador Roberto da Silveira, 540 - Iguaçu Top Shopping YES
61 SPSCL2874 SP São Carlos Passeio dos Flamboyants, 200 - Iguatemi São Carlos YES
62 RJPTG2607 RJ Rio De Janeiro Avenida Maestro Paulo Silva, 400 YES
63 SPJCI2856 SP Jacareí R. Barão de Jacareí, 364 - Jacareí Shopping YES
64 SPJAU2857 SP Jau Av. Dr. Quinzinho, 511 - Jaú Shopping YES
65 SRRJJCP3042 RJ Rio De Janeiro Avenida Embaixador Abelardo Bueno, 3401 YES
66 SPPGE5270 SP Praia Grande AV AYRTON SENNA DA SILVA, 1500 YES
67 PBMAN4590 PB Joao Pessoa Avenida Gov Flavio Ribeiro Coutinho 805/TO YES
69 SPWST4066 SP São Paulo Av. Dr. Chucri Zaidan, 902 YES
 
 

 

 

70 SPMAU2861 SP Mauá Av. Governador Mario Covas Junior, 01 - Mauá Plaza Shopping YES
71 SPJAI2858 SP Jundiaí Av. Antônio Frederico Ozanan, 6000 - Maxi Shopping Jundiaí YES
72 SRAMMNS3304 AM Manaus Avenida Djalma Batista, 1661 - Millennium Shopping YES
73 SRMGUNI4194 MG Belo Horizonte Avenida Cristiano Machado, 4000 - Minas Shopping YES
75 SPSTS2871 SP Santos Av. Euclides da Cunha, 21 - Miramar Shopping YES
76 SPMCZ2862 SP Mogi Das Cruzes Av. Ver. Narciso Yague Guimarães, 1001 - Mogi Shopping YES
77 SPWST4065 SP São Paulo AV ROQUE PETRONI JUNIOR, 1089 YES
78 RNCAN6201 RN Natal Avenida Senador Salgado Filho 2234 YES
79 SRCEFLA0297 CE Fortaleza Av. Bezerra de Menezes, no. 2450 (North Shopping) YES
80 SPRPO2866 SP Ribeirão Preto Av. Presidente Kennedy, 1500 - Novo Shopping YES
81 SPOCO0087 SP Osasco Rua Tenente Avelar Pires de Azevedo, 81 - Osasco Plaza Shopping YES
82 PERCE3244 PE Recife Rua Cais da Alfadênga S/N YES
84 MTCBA0111 MT Cuiabá AV. RUBENS DE MENDONÇA YES
85 SRRJCGR3022 RJ Rio De Janeiro Estrada do Monteiro, 1200 - Park Shopping Campo Grande YES
86 SPCAS4832 / SPCAS2673 SP Campinas Av. Guilherme Campos, 500 - Parque Dom Pedro Shopping YES
87 PAICO2253 PA Belém Rodovia Augusto Montenegro, 4300 (Parque Shopping Belém) YES
88 SPPPE2851 SP

Presidente

Prudente

Rua Siqueira Campos, 1545 - Parque Shopping Prudente YES
89 ALMCO2399 AL Maceió AV MENINO MARCELO, 3800 TABULEIRO MARTINS YES
90 SRBAIGW0208 BA Salvador AVENIDA ANTONIO CARLOS MAGALHAES, 1034, PITUBA PARQUE CENTER YES
92 SPSRR2840 SP São Jose Do Rio Preto Av. José Munia, 4775 - Plaza Avenida Shopping YES
93 SPITU2855 SP Itu Av. Dr. Ermelindo Maffei, 1199 - Plaza Shopping Itu YES
 
 

 

 

94 SPSRR2875 SP São Jose Do Rio Preto R. Bernardino de Campos, 2940 - Praça Shopping YES
95 SPSTS2872 SP Santos R. Alexandre Martins, 80 - Praiamar Shopping YES
98 SPPPE2865 SP Presidente Prudente Av. Manoel Goulart, 2400 - Prudenshopping YES
99 SPWVS2253 SP São Paulo

Rod. Raposo Tavares, Km 14,5 - Raposo Shopping (Antigo

Shopping Off Price Raposo)

YES
100 SRRJJBT3041 RJ Rio De Janeiro Rua Jardim Botânico, 266 - Rede Globo YES
101 SPRPO5314 SP Ribeirão Preto Av. Cel. Fernando Ferreira Leite, 1540 - Ribeirão Shopping YES
103 SRRJBOT3021 RJ Rio De Janeiro Rua General Severiano, 97 - Rio Plaza Shopping YES
104 SPSRR2876 SP São Jose Do Rio Preto Av. Brigadeiro Faria Lima, 6363 - Riopreto Shopping Center YES
106 SRMGSAV4363 MG Belo Horizonte Rua Alagoas, 1314 - Shopping 5ª Avenida YES
107 SPSNE4571 SP Santo André Av. Pereira Barreto, 42 - Shopping ABC (Antigo Mappin ABC) YES
109 SRCEFLA0299 CE Fortaleza Av. Dom Luis, no. 500 (Shopping Aldeota) YES
110 MGNLA4722 MG Nova Lima Rua Senador Milton Campos, 115 - (Shopping Alta Vila) YES
111 SPWVF4169 SP São Paulo Av. Regente Feijó, 1739 YES
112 SRRJCPS3057 RJ Campos Dos Goytacazes Av. 28 de Março, 574 - Shopping Avenida 28 YES
113 SRBAPOK0201 BA Salvador AVENIDA CENTENARIO, 2992 YES
114 PEBVT3241 PE Recife Rua do Giriquiti 48 YES
116 SRGOGNA0304 GO Goiânia Rua 9,1855 YES
117 SRRJCPS3058 RJ Campos Dos Goytacazes Rua Doutor Silvio Bastos Tavares, 330 - Shopping Boulevard Campos YES
118 SRRJSCR3028 RJ Rio De Janeiro Rua Barão de São Francisco, 236 - Shopping Boulevard RioShopping antigo Iguatemi YES
119 ESVVA3847 ES Vila Velha

Rodovia do Sol, Km 5000 (Shopping Boulevard Vila

Velha)

YES
120 SPWVS4237 SP São Paulo Av. Prof. Francisco Morato, 2718 - Shopping Butantã YES
 
 

 

 

121 SPWCL0085 SP São Paulo Estrada do Campo Limpo, 45 - Shopping Campo Limpo YES
122 RSCAN0958 RS Canoas AV GUILHERME SCHELL 6750/ TE YES
123 PABLM2198 PA Belém Rod. BR - 316, Km 1, s/n (Shopping Castanheira) YES
124 SPWCO2634 SP São Paulo Av. Paulista, 2064 - Shopping Center 3 YES
125 SPFND1291 SP Fernandópolis Av. Litério Grecco, 600 - Shopping Center Fernandópolis YES
126 SPWLP2883 SP São Paulo R. Guaicurus, esquina com a Rua Catão - Shopping Center Lapa YES
127 SPWVG4173 SP São Paulo TV CASALBUONO, 120 YES
128 SPWPH3954 SP São Paulo R. Doutor João Ribeiro,304 - Shopping Center Penha YES
129 SPRCO2868 SP Rio Claro Av. Conde Francisco Matarazzo, 205 - Shopping Center Rio Claro YES
131 PRIND0399 PR Curitiba AVENIDA MARECHAL FLORIANO PEIXOTO, 4880 YES
132 SPSJC5482 SP São Jose Dos Campos Av. São João, 2200 - Shopping Colinas YES
133 SPWPI3937 SP São Paulo AV. CRUZEIRO DO SUL, 1100 - SHOPPING D YES
134 SPWIB3783 SP São Paulo Av. das Nações Unidas, 12555 - Shopping D&D YES
135 SRRJGAV3036 RJ Rio De Janeiro Rua Marquês de São Vicente, 52 - Shopping da Gávea YES
136 SRMASLS1686 MA São Luís Av. Daniel de La Touche, 987 YES
137 SRMGCAI4197 MG Belo Horizonte Avenida Presidente Carlos Luz, 3001 - Shopping Del Rey YES
138 SPWPN3976 SP São Paulo Av. Rebouças, 3970 YES
139 SPWBV3590 SP São Paulo R. Frei Caneca, 569 - Shopping Frei Caneca YES
140 SPCOA0258 SP Cotia Rodovia Raposo Tavares, km 23 YES
141 PEJBO3326 PE Jaboatão Dos Guararapes Avenida Barreto de Menezes 800 YES
142

SPWMM3912 /

SPWMM2797

SP São Paulo Av. Ibirapuera, 3103 - Shopping Ibirapuera YES
143 SRCEFLA0298 CE Fortaleza Av. Washington Soares, no. 85 (Shopping Iguatemi) YES
144 SPWPN0266 SP São Paulo Rua Angelina Maffei Vita, s/n° - Shopping Iguatemi - Expansão Fase III YES
 
 

 

 

145 SPWPN3977 SP São Paulo Av. Brig. Faria Lima, 2232 YES
146 RSIND0529 RS Caxias Do Sul RST 453 2787 SN YES
147 SRBABDA0202 BA Salvador AVENIDA TANCREDO NEVES, 42-152, SHOPPING IGUATEMI SALVADOR YES
148 SPWCG3654 SP São Paulo AV. INTERLAGOS, 2255 - Shopping Interlagos YES
149 SCIND0277 SC São Jose RUA GERONCIO THIVES YES
151 SPARQ2842 SP Araraquara Acesso Engenheiro Heitor de Souza Pinheiro, 2270 - Shopping Jaraguá YES
152 SPWVA4154 SP São Paulo Av. Giovanni Gronchi, 5819 - Shopping Jardim Sul YES
153 SPGJA2852 SP Guarujá Av. Marechal Deodoro da Fonseca, 885 YES
154 SPWVG2884 SP São Paulo Av. Otto Baumgart, 500 - Shopping Lar Center YES
155 SPWAC2885 SP São Paulo Av. Aricanduva, 5555 - Shopping Leste Aricanduva YES
156 SPWRE2886 SP São Paulo R. Coronel Xavier de Toledo, 23 - Shopping Light YES
157 SPWBS0086 SP São Paulo Rua Barão de Ladário, 566/670 - Shopping Mega Polo Moda YES
158 ESSEA3846 ES Serra Av. João Palácios, 300 (SHOPPING MESTRE ALVARO) YES
159 SPWTA2887 SP São Paulo R. Gonçalves Crespo, 78 - Shopping Metrô Boulevard Tatuapé YES
160 SPWIT2888 SP São Paulo Av. José Pinheiro Borges, s/n - Shopping Metrô Itaquera YES
162 SPWTA4134 SP São Paulo R. Domingos Agostim, 91 - Shopping Metrô Tatuapé YES
163 SPSBO2624 SP São Bernardo Do Campo Praça Samuel Sabatini, 200 - Shopping Metrópole YES
165 RNLSA6033 RN Natal Avenida Bernardo Vieira 3775.Shopping Midway mall. YES
166 SRRJDCT3037 RJ Rio De Janeiro Avenida Pastor Martin Luther King Jr, 126 YES
168 PABLM2199 PA Belém Trav. Padre Eutíquio, no. 1078 (Shopping Pátio Belém) YES
171 SPWBV3936 SP São Paulo R. Treze de Maio, 1947 - Shopping Pátio Paulista (Antigo Shopping Paulista) YES
172 SRMGSAV4204 MG Belo Horizonte Avenida do Contorno, 6061 - Shopping Pátio Savassi YES
173 SRBAASG0203 BA Salvador RUA CONS. JUNQUEIRA AYRES, 165/TO YES
 
 

 

 

174 SPPAA2864 SP Piracicaba Av. Limeira, 722 - Shopping Piracicaba YES
176 RJMCE2672 RJ Macaé Avenida Aluízio da Silva Gomes, 800 - Shopping Plaza Macaé YES
177 SPWSU4114 SP São Paulo Praça Leonor Kaupa, 100 - Shopping Plaza Sul YES
178 SRRJMAD3044 RJ Rio De Janeiro Estrada da Portela, 99 - Shopping Polo1 YES
181 PEBVG3243 PE Recife Rua Padre Carapuceiro 777 YES
182 SRMASLS1547 MA São Luís Av. São Luís Rei de França, no 08, bairro Turú. Shopping Rio Anil. YES
184 SPRPO2867 SP Ribeirão Preto R. São José, 933 - Shopping Santa Úrsula YES
185 RJSGO2908 RJ São Gonçalo Rua Nova Jersey, s/n - Lote 1 - Shopping São Gonçalo YES
186 MGSLA2096 MG Sete Lagoas Rua Otávio Campelo Ribeiro, 2801 (Shopping Sete Lagoas) YES
188 SPTBS4662 SP Taboão Da Serra Rod. Régis Bittencourt, Km 271,5 - Shopping Taboão YES
189 PESAR3429 PE Recife Avenida Agamenon Magalhaes 153 YES
191 SRRJRCP3029 RJ Rio De Janeiro Avenida Maracanã, 987 - Shopping Tijuca YES
192 PRIND0398 PR Curitiba RUA ITACOLOMI, 100 YES
193 PAPUP2033 PA Parauapebas Rodovia PA 275, Km 55 - Shopping Unique YES
194 MGIIG4202 MG Ipatinga

Rodovia BR-381 (Avenida Pedro Linhares Filho), Km 206

- Industrial - Shopping Vale do Aço

YES
195 SPVOS1097 SP Valinhos Rua Paiquerê, 200 - Shopping Valinhos YES
196 SRRJBTJ3048 RJ Rio De Janeiro Avenida Ayrton Senna, 3000 - Shopping Via Parque YES
197 SRRJBTJ3023 RJ Rio De Janeiro Avenida das Américas, 3900 YES
198 SPWAP3569 SP São Paulo Av. das Nações Unidas, 4777 - Shopping Villa-Lobos YES
199 ESVTA3811 ES Vitoria Avenida Nossa Senhora dos Navegantes, 1440 - Shopping Vitória YES
200 SPWBF3584 SP São Paulo Av. Antártica, 380 - Shopping West Plaza YES
201 RJVRD2280 RJ Volta Redonda Rua Brás Magaldi Fernandes, 300 YES
202 SPSOC2892 SP Sorocaba Av. Afonso Vergueiro, 1700/1766 - Sorocaba Shopping YES
203 SPOCO2640 SP Osasco Av. dos Autonomistas, 1828 - Super Shopping Osasco YES
204 PRCTA0576 PR Curitiba Supermercado Angeloni - Avenida República Argentina, YES
 
 

 

 

205 SPSZN2893 SP Suzano R. Sete de Setembro, 555 - Suzano Shopping YES
206 DFIND0131 DF Brasília Rua 210, QS 1, Lt. 40 YES
207 SPTTE2894 SP Taubate Av. Charles Schneider, 1700 - Taubaté Shopping YES
209 SPSTB2869 SP Santa Barbara Doeste Av. Santa Bárbara, 777 - Tívoli Shopping YES
210 SRRJBOT3026 RJ Rio De Janeiro Rua Lauro Muller, 116 - Torre do Rio Sul - Complexo do RioSul (Shopping) YES
211 SPWST2854 SP São Paulo Avenida Dr. Mário Villas Boas Rodrigues, 387 - Transamérica Expo Center YES
217 DFIND0144 DF Brasília CPU DARCY RIBEIRO, 0 - ASA NORTE YES
218 SPSJC2877 SP São Jose Dos Campos Av. Andrômeda, 227 - Vale Sul Shopping YES
219 SRRJIRJ3062 RJ Rio De Janeiro Rua Itapera, Trevo das Margaridas - Via Brasil Shopping YES
220 SRCEFLA0920 CE Fortaleza Av. Washington Soares, 4335 YES
221 SPWIB3785 SP São Paulo Av. das Nações Unidas, 12551 - World Trade Center São Paulo YES
222 DFIND0138 DF Brasília PÇA TRES PODERESLOTE ÚNICO, 0 - ZONA CÍVICO ADMINIST YES
 
 

 

 

 

SHARE PURCHASE AGREEMENT VIA ISOLATED PRODUCTION UNIT AND OTHER COVENANTS

 

EXHIBIT 4.2.1(VIII)

 

Existing Sharing Agreements Subject to Prior Consent

 


 

1.               Infrastructure Sharing Agreement No. CO-UNA-009/2008, entered into on 07/31/2008, by and between, on one side, TNL PCS S.A., and, on the other side, Nextel Telecomunicações Ltda., as amended and modified from time to time;

 

2.               Infrastructure Sharing Agreement No. CO/TELEMAR/UNA-IE/024-2015, entered into on 05/18/2005, by and between, on one side, Telemar Norte Leste S.A., and, on the other side, Nextel Telecomunicações Ltda., as amended and modified from time to time;

 

3.               Infrastructure Sharing Agreement No. DNO.060/INFRASTRUCTURE/2006, entered into on 11/01/2006, by and between, on one side, OI S.A. — Under Judicial Reorganization, and, on the other side, Nextel Telecomunicações Ltda., as amended and modified from time to time;

 

4.               Infrastructure Sharing Agreement No. DNO/117/INFRA/2003, entered into on 10/31/2003, by and between, on one side, OI S.A. — Under Judicial Reorganization and OI Móvel S.A. — Under Judicial Reorganization, and, on the other side, AMERICEL

S.A. and BCP S.A., as amended and modified from time to time;

 

5.               Infrastructure Sharing Agreement entered into on 01/31/2008, by and between, on one side, BCP S.A., and, on the other side, Amazônia Celular S.A., as amended and modified from time to time;

 

6.               Infrastructure Sharing Agreement No. CO/TELEMAR/UNA-IE/0001-2005, entered into on 05/20/2005, by and between, on one side, Telemar Norte Leste S.A., and, on the other side, ATL Telecom S.A., AMERICEL S.A., TELET S.A., STEMAR Telecomunicações Ltda., TESS S.A., and BSE S.A., as amended and modified from time to time;

 

7.               Letter of Intent of Mutual Infrastructure Assignment Agreement, entered into on 09/08/2003, by and between, on one side, TNL PCS S.A, and, on the other side, ATL Algar Telecom S.A., STEMAR Telecomunicações Ltda., and BSE S.A., as amended and modified from time to time;

 

8.               Mutual Infrastructure Assignment Agreement No. DNO.129 — INFRA/2004, entered into on 09/30/2004, by and between, on one side, OI S.A. — Under Judicial Reorganization, and OI Móvel S.A. — Under Judicial Reorganization, and, on the other side, Vivo S.A., as amended and modified from time to time;

 
 

9.               Infrastructure Sharing Agreement No. CO/TELEMAR/UNA-IE/025-2006, entered into on 05/02/2006, by and between, on one side, Telemar Norte Leste S/A, and TNL PCS S.A., and, on the other side, Vivo S.A., as amended and modified from time to time;

 

10.            Infrastructure Sharing Agreement No. CO/TELEMAR/UNA-IE — 0004-2004, entered into on 07/01/2004, by and between, on one side, Telemar Norte Leste S.A., and TNL PCS S.A., and, on the other side, Vivo S.A., as amended and modified from time to time;

 

11.            Infrastructure Sharing Agreement entered into on 01/31/2007, by and between, on one side, Amazônia Celular S.A., and, on the other side, Vivo S/A., as amended and modified from time to time;

 

12.            Infrastructure Sharing Agreement entered into on 06/16/2004, by and between, on one side, Telemar Norte Leste S.A, and, on the other side, Telefônica Empresas S.A., as amended and modified from time to time;

 

13.            Mutual Infrastructure Assignment Agreement entered into on 12/01/2001, by and between, on one side, TNL PCS S.A, Telemar Norte Leste S.A., and Tele Norte Leste Participações S.A., and, on the other side, Telemig Celular S.A., Amazônia Celular S.A.

— Amazonas, Amazônia Celular S.A. — Pará, Amazônia Celular S.A. — Amapá, Amazônia Celular S.A. — Maranhão, Amazônia Celular S.A. — Roraima, as amended and modified from time to time;

 

14.            Infrastructure Sharing Agreement No. CT/OI/RO — 181-2009, entered into on 11/25/2009, by and between, on one side, Tim Celular S.A., and TIM Nordeste S.A., and, on the other side TNL PCS S.A., and OI Móvel S.A. — Under Judicial Reorganization, as amended and modified from time to time;

 

15.            Infrastructure Sharing Agreement No. CT/OI/RO — 185-009, entered into on 11/25/2009, by and between, on one side, Tim Celular S.A., and, on the other side, OI

S.A. — Under Judicial Reorganization, as amended and modified from time to time;

 

16.            Infrastructure Sharing Agreement No. CT/OI/RO — 183-2009, entered into on 11/25/2009, by and between, on one side, Tim Celular S.A., and TIM Nordeste S.A., and, on the other side, Telemar Norte Leste S.A., as amended and modified from time to time;

 

17.            Infrastructure Sharing Agreement No. CO/TELEMAR/UNA-IE/016-2004, entered into on 03/28/2005, by and between, on one side, Empresa Brasileira de Telecomunicações S.A. — EMBRATEL, Vésper S.A., and Vésper São Paulo S.A., and, on the other side, Telemar Norte Leste S.A., and TNL PCS S.A., as amended and modified from time to time;

 

18.            Infrastructure Sharing Agreement No. CO/TELEMAR/UNA-IE-0010-2006, entered into on 04/13/2006, by and between, on one side, Primesys Soluções Empresariais S.A., and, on the other side, Telemar Norte Leste S.A., and TNL PCS S.A., as amended and modified from time to time;

 
 

19.            Mutual Infrastructure Assignment or Sharing Agreement No. DNO/138/INFRASTRUCTURE/2004, entered into on 06/01/2004, by and between, on one side, Empresa Brasileira de Telecomunicações - EMBRATEL, Vésper S.A., and Vésper São Paulo S.A., and, on the other side, OI S.A. - Under Judicial Reorganization, and OI Móvel S.A. - Under Judicial Reorganization, as amended and modified from time to time;

 

20.            Infrastructure Sharing Agreement No. CO/OI/RO-024-2010 and CONT/CNO/0003/2010, entered into on 03/03/2010, by and between, on one side, OI

S.A. - Under Judicial Reorganization, and, on the other side, CTBC Multimídia Data NET S.A., as amended and modified from time to time;

 

21.            Colocation Agreement (Infrastructure Sharing) No. CO/TELEMAR/UNA- IE/0005-2004, entered into on 11/01/2004, by and between, on one side, Telemar Norte Leste S.A., and, on the other side, Companhia de Telecomunicações do Brasil Central, as amended and modified from time to time;

 

22.            Colocation Agreement (Infrastructure Sharing Agreement) No. CO/TELEMAR/UNA-IE/0009-2004, entered into on 11/01/2004, by and between, on one side, Pegasus Telecom S.A., and, on the other side, CTBC Celular Participações S.A., as amended and modified from time to time; and

 

23.            Infrastructure Sharing Agreement No. CO/OI/DA - 219-2015, entered into on 10/26/2015, by and between, on one side, OI Móvel S.A. - Under Judicial Reorganization, and, on the other side, Algar Multimídia S.A., Algar Telecom S.A., and Algar Celular S.A., as amended and modified from time to time.

 

*-*-*

 


SHARE PURCHASE AGREEMENT VIA ISOLATED PRODUCTION UNIT AND OTHER COVENANTS

 

EXHIBIT 4.2.1(IX)


 

 

 
 

 

 

 

 

 

#

 

Site ID

Address
State Municipality Address Lease Agreements Identified
3 ALMCO2363 AL Maceió AV ASSIS CHATEAUBRIAND, 2998 YES
4 ALOUB2295 AL Ouro Branco RUA CORONEL LUCENA, S/N LUIZ G. DE CARVALHO YES
6 AMMNS3146 AM Manaus Av. J, s/n - Rua Sete de Abril (Pró-menor Dom Bosco) YES
8 APSQA2524 AP Santana AV. FRANCISCO DE MELO PARENTE, 147, REMEDIOS II YES
12 S2BABRR0061 BA Salvador AVENIDA DOM JOAO VI, 466 YES
14 S2BAASG0093 BA Salvador RUA DA MOURARIA, 6 YES
15 S2BAPOK0008 BA Salvador RUA PROFESSOR ARISTIDES NOVIS, 12, FEDERAÇÃO YES
16 S2BAIGW0058 BA Salvador RUA RUBENS GUELLI, 134 YES
22 BACXS4693 BA Mata De São Joao KM 76 - COMPLEXO COSTA DO SAUIPE YES
23 BAPGU1174 BA Porto Seguro RUA SÃO PEDRO, 180 YES
24 BAUIA1294 BA Ubaitaba RUA DO CACAU S/N YES
29 BAMJO0786 BA Mata De São Joao Rodovia BA099 YES
30 BAICM1146 BA Ilha De Comandatuba Rua de Comandatuba, s/n YES
31 BABRM1286 BA Brumado Rod. BR 30 YES
32 S2CEFLA0232 CE Fortaleza Rua Vicente Leite, 630 - Meireles. YES
33 S2CEFLA0114 CE Fortaleza Edifício San Lucas - Rua Prof. Silo Ribeiro, 420 Papicu YES
34 S2CEFLA0198 CE Fortaleza RUA PINTO MADEIRA,757 YES
35 S2CEFLA0202 CE Fortaleza AVENIDA ANTONIO SALES, 1317, YES
37 CEFLA0191 CE Fortaleza Avenida Washington Soares, n° 55 YES
38 S2CEFLA0188 CE Fortaleza AVENIDA LUIS, 300 YES
39 S2CEFLA0074 CE Fortaleza Rua Senador Pompeu, 649 YES
 
 

 

 

 

40 CEFLA0230 CE Fortaleza RUA VILEBALDO AGUIAR, ED. JARANA 2200 YES
41 CEFLA0187 CE Fortaleza Av. Vicente de Castro, 6043 YES
42 CEARJ0547 CE Barbalha DISTRITO SITIO FARIAS, 0 YES
47 DFBSA0236 DF Brasília SCES trecho 2 lote 32 YES
48 DFSAM0754 DF Brasília QR 411CONJ. 4, CASA 14, SAMAMBÁIA YES
49 DFSAM0753 DF Brasília QS604, CONJ. B (CANDIDADTO B) YES
50 DFBSA0225 DF Brasília Saan Quadra 3 Lote 870 - N S/N YES
52 DFBSA0741 DF Brasília SET SAFS QD 4 LT 1 ZONA CIVICO ADMINIST YES
54 DFBSA0189 DF Brasília SQS 307 BLOCO J - N° S/N YES
55 DFROD0128 DF Brasília Rodovia Brasília - Unaí, BR251, Km 14 - n° S/N YES
57 DFBSA0312 DF Brasília SHIS QI 11, BLOCO O. LAGO SUL YES
59 ESCNA3115 ES Colatina AVENIDA GETULIO VARGAS, 500 YES
61 ESCIM3808 ES Cachoeiro De Itapemirim RUA JOSE FARIAS DE JESUS, 8 YES
62 ESVTA3002 ES Vitoria AV. NOSSA SENHORA DA PENHA,1495 YES
64 GOIUB0360 GO Itumbiara Setor Central - Praça da República. CEP. 75503-900 YES
65 GOGNA0425 GO Goiânia ARAGUAIA SHOPPING - RUA 44 YES
66 DFROD0119 GO Cristalina Rodovia Br 040, Brasília-Belo Horizonte, Km: 35 - N S/N YES
67 GOGNA0393 GO Goiânia AV. 136. QUADRA 239. LOTE 9/10. YES
68 GOACG0278 GO Aparecida De Goiânia RUA CAPIBARIBE Q 22, 0 YES
69 GOGNA0492 GO Goiânia

RUA 04 ESQ. C RUA 02-A, QD.5A, LT.01, N°1.502.

SETOR CENTRAL

YES
72 GOGNA0088 GO Goiânia Rua 17A Esquina Com 13A , 899 — ST. Aeroporto - GO YES
73 GOGNA0462 GO Goiânia RUA BENEDITO ZUPELLI, 254-320 YES
74 S2MASLS1543 MA São Luís Rua Grande, n°490 YES
75 MASLS1557 MA São Luís Av. Senador Vitorino Freire, n° 1958 — Bairro Areinha YES
76 S2MASLS1512 MA São Luís AVENIDA CASTELO BRANCO, 500 YES
77 MASLS1520 MA São Luís Rua do Egito, 283 - Centro YES
 
 

 

 

 

79 MASMH1979 MA São Mateus Do Maranhão RUA BENU LAGO YES
81 MGURA4872 MG Uberaba Rod. BR-050, Km 195 YES
82 MGASL5930 MG Augusto De Lima R Geraldo Lopes Alvim, 314 YES
85 3GMGGVS5325 MG Governador Valadares Av. JK, 1157 YES
86 MGJFA5020 MG Juiz De Fora Av. Barão do Rio Branco - 2288 YES
87 MGIJA5865 MG Itajubá Rd. Itajubá - Maria da Fé, Km 3 YES
88 MGSAV4348 MG Belo Horizonte Av. João Pinheiro, 495 YES
90 MGJFA5022 MG Juiz De Fora AVENIDA DO RIO BRANCO, 1441 YES
91 MGSLZ2004 MG Belo Horizonte Avenida Antônio Carlos, 8100 - Pampulha Mall YES
92 MGBEL2018 MG Belo Horizonte Rua Afonso Costa Reis, 65 YES
93 MGCTO4130 MG Belo Horizonte Rua Espirito Santo - 1059 YES
94 MGCTO4308 MG Belo Horizonte RUA CARIJOS, 424 - SALA 08 (PRAÇA SETE DE SETEMBRO) YES
96 MGSTO4302 MG Belo Horizonte Rua Carangola, 670 com Rua Cristina YES
97 MGEPL4323 MG Belo Horizonte RUA BEGONIA, 72 YES
98 MGFUN4153 MG Belo Horizonte Av. Brasil , 709 YES
99 MGJFA5046 MG Juiz De Fora RUA MARECHAL DEODORO, 444 YES
100 MGURA5544 MG Uberaba Praça Rui Barbosa, 300 , ( ELVIRA SHOPPING ) YES
102 MGJFA5116 MG Juiz De Fora AVENIDA BARÃO DO RIO BRANCO YES
105 MGBEL4055 MG Belo Horizonte Rodovia Br-356, 3049 - Bh Shopping YES
106 MGFLO4125 MG Belo Horizonte Rua Jacuí, 1882 YES
107 MGIRO4867 MG Itabirito ESTRADA PRINCIPAL, S/N YES
108 MGMRN4603 MG Mariana RUA JOSE MESQUITA, 167 YES
111 MGBET6472 MG Betim RUA ROMUALDA AUGUSTA DE MELO, 337 YES
116 MGSOE5014 MG São Joao Del Rei RUA GABRIEL PASSOS, 321 YES
118 MGGON5120 MG Goiana RUA JOAO DE SOUZA RIBEIRO, 0 YES
 
 

 

 

 

120 MGFVS2311 MG Fronteira Dos Vales RUA BAHIA, 198 YES
122 MGURA5723 MG Uberaba AVENIDA FILOMENA CARTAFINA, KM 17 YES
124 MGCAA6386 MG Capitão Andrade AVENIDA LEVINDO DIAS, S/N YES
125 MGMEF6434 MG Monte Formoso MORRO DO CEMITERIO YES
130 MGNLA2030 MG Nova Lima RODOVIA JUSCELINO KUBITSCHEK / BR -040, KM 545, S/N YES
136 MGINH5259 MG Itanhomi AV. SÃO CRISTOVÃO, S/N YES
141 MTCBA0021 MT Cuiabá AV HIST RUBENS DE MENDONCA - BAU YES
142 MTCBA0164 MT Cuiabá AV. BEIRA RIO, 3100 JARDIM EUROPA YES
144 PABLM2019 PA Belém Rua Santo Antônio YES
153 PAPGN2432 PA Paragominas Avenida Júlia Kubitschek, s/n Quadra 19 Lote 06 YES
160 PAIAB2438 PA Itaituba Rua Santo Antonio - n° 1489 YES
161 PAVCB2387 PA Barcarena RODOVIA PA, KM21 - DISTRITO MURUCUPI (FABRICA ALUNORTE) YES
162 PAPUP2026 PA Parauapebas MINA DE FERROSOS CARAJÁS N4 (PCE) YES
164 PBMAN4510 PB Cabedelo AVENIDA FLAVIO RIBEIRO COUTINHO, N°143, MANAIRA YES
165 PBCBO4516 PB Joao Pessoa RUA JOSE RAMALHO LEITE, 1233 YES
166 PBMAN4559 PB Joao Pessoa AVENIDA SAPE, 1800 YES
167 PBCTO4571 PB Joao Pessoa AVENIDA BARROSO, 433 YES
172 PEESP3020 PE Recife AV GOV. AGAMENON MAGALHÃES 2656- ESPINHEIRO YES
173 PERCE3244 PE Recife RUA CAIS DA ALFÂNDEGA, S/N - SHOPPING ALFÂNDEGA YES
175 PEBVG3037 PE Recife RUA RAUL AZEDO, 53 YES
176 PEBVG3036 PE Recife RUA JOSE ADERVAL CHAVES, 264 YES
177 PEBVG3044 PE Recife Boa Viagem Avenida Boa Viagem, 4000 Edf Vânia. YES
178 PEBVG3087 PE Recife RUA ANISIO RODRIGUES COELHO, 423 YES
 
 

 

 

 

179 PEBVT3006 PE Recife RUA SETE DE SETEMBRO, 238 YES
180 PEGRX3016 PE Recife AV GOV. AGAMENON MAGALHÃES 2656- ESPINHEIRO YES
181 PESTA3002 PE Recife RUA MARQUES DE HERVAL,150 - SANTO ANTONIO - RECIFE - PE YES
182 PEIPJ4151 PE Ipojuca Rua Frei Vicente Salvador, 203 YES
184 PEPOX3225 PE Recife Estrada das Ubaias 634 YES
185 PEESP3039 PE Recife RUA QUARENTA E OITO N°434 - EDF. NICOLAU II YES
186 PEIDL3038 PE Recife RUA CAP. JOSÉ DA LUZ,25 YES
187 PEOLD3424 PE Olinda Avenida José Augusto Moreira 2258 - Edf Cidade de Olinda YES
188 PEPNM3128 PE Recife Avenida 17 de Agosto 500 YES
189 PEMAD3054 PE Recife Rua Real da Torre, 292 - Madalena, Recife - PE YES
190 PEMAD3011 PE Recife Rua Demócrito de Souza Filho 71 - EDF SOLAR DO SICUPEMA YES
191 PESTA3001 PE Recife RUA IMP D PEDRO II , 325 YES
192 PESTA3022 PE Recife Avenida Guararapes 154 YES
194 PEBVG3058 PE Recife Rua Major Armando de Souza Melo, 430 - Edf Jacunã YES
195 PEAJP3079 PE Recife Rua Oscár Pinto, 293 - Casa Amarela, Recife - PE YES
196 PEDIM3236 PE Recife Rua Manoel de Medeiros YES
197 PEBVT3032 PE Recife AVENIDA CONDE DA BOA VISTA, 331 - CENTRO YES
199 PECQL3149 PE Recife Rua Alto de Bela Vista, 0 YES
200 PETMR3031 PE Recife R. Jundiá, 242 - Edf Sisal YES
201 PEBVG3082 PE Recife RUA SGT SILVINO MACEDO, 155 YES
203 PEBVG3222 PE Recife Rua Fernando Simões Barbosa 316 YES
204 PEJBO3310 PE Jaboatão Dos Guararapes Avenida Bernardo Vieira de Melo, 4804 YES
205 PEJBO3302 PE

Jaboatão Dos

Guararapes

Avenida Beira Mar, 520 YES
 
 

 

 

 

215 PRCTA0667 PR Curitiba RUA UBALDINO DO AMARAL, 37, ESTÁDIO COUTO PEREIRA YES
216 PRCTA0546 PR Curitiba AVENIDA PARANÁ 1758 YES
217 PRCTA0661 PR Curitiba RUA TREZE DE MAIO, 981 YES
218 PRMGA0556 PR Maringá AV. DONA SOPHIA RASGULAEFF,466 YES
219 PRCTA0678 PR Curitiba RUA COMENDADOR ARAUJO, 730, HOTEL IBIS YES
221 PRCPM0685 PR Campo Mourão Rua Laurindo Borges, 1398 - Centro, Campo Mourão - PR YES
222 PRFOZ0722 PR Foz Do Iguaçu Rua Rui Barbosa, 786 YES
224 PRCTA0651 PR Curitiba AVENIDA PARANA 3825 YES
225 PRLDA0424 PR Londrina Av Higienópolis, 70 - Jardim Higienópolis YES
226 PRCTA0690 PR Curitiba Rua Mariano Torres, 916 YES
229 PRFOZ0721 PR Foz Do Iguaçu Rua Carlos Souttomayor, 393 YES
230 PRCTA0545 PR Curitiba RUA JOQUEI CLUBE, 437 YES
231 PRCTA0053 PR Curitiba Rua Belém, 43 YES
232 PRCTA0734 PR Curitiba Rua Visc. do Rio Branco, 803 YES
234 PRCPP3519 PR Cornélio Procópio AV. NOSSA SENHORA DO ROCIO,966 YES
235 PRCTA0658 PR Curitiba AVENIDA SILVA JARDIM, 1856 YES
236 PRCTA0523 PR Curitiba RUA PADRE ANCHIETA, 2128 YES
237 PRCTA0110 PR Curitiba Rod. Br 277 Cta - Orleans / Rod. do Café - Cidade Industrial De Curitiba YES
238 PRCTA0143 PR Curitiba Rua da Paz, 202 YES
239 PRCTA0422 PR Curitiba Alameda Dr. Muricy, 650 YES
240 PRCTA0423 PR Curitiba Rua Dr. Manoel Linhares de Lacerda, 84 - Capão Raso YES
242 PRCTA0151 PR Curitiba Rua XV de Novembro, 360 YES
243 PRLDA0214 PR Londrina Rua Sem. Souza Naves, 45 YES
244 PRCTA0126 PR Curitiba Rua Sete de Abril, 571 YES
245 PRCTA0142 PR Curitiba Av. João Gualberto, 623 YES
248 PRPGO0467 PR Ponta Grossa Rua Varnhagem, 366 YES
249 PRCTA0103 PR Curitiba Rua Marechal Deodoro, 950 YES
 
 

 

 

 

250 PRLDA0219 PR Londrina R. Astorga, 80- Hedy YES
253 PRCTA0469 PR Curitiba Av Afonso Camargo, 849 - Cristo Rei - Curitiba - PR YES
254 PRMGA0497 PR Maringá Rua Néo Alves Martins, 3176 - Zona 3 YES
258 PRFOZ0428 PR Foz Do Iguaçu AVENIDA FELIPE WANDSCHEER 1276 YES
260 PRCTA0454 PR Curitiba

Av. Nossa Senhora da Luz, 1800 - Jardim Social - Curitiba

- PR

YES
261 PRCTA0463 PR Curitiba Avenida da República, 6464 - Guaíra - Curitiba - PR YES
262 PRLDA0505 PR Londrina AVENIDA SANTOS DUMONT, 500-BOA VISTA YES
277 RJRCP0091 RJ Rio De Janeiro AVENIDA PAULO DE FRONTIN, 739 YES
284 RJMGE0314 RJ Magé RUA RAFAEL COZOLINO, QUADRA L, LOTE 3. YES
286 RJCTO0960 RJ Rio De Janeiro Rua São Jose, 90 YES
288 RJBTJ0411 RJ Rio De Janeiro Av. das Américas, 3120 YES
295 RJLEB0130 RJ Rio De Janeiro Rua Dias Ferreira, N° 658 YES
298 RJTNQ2900 RJ Rio De Janeiro AVENIDA GEREMARIO DANTAS, 402 YES
303 RJGAL0141 RJ Rio De Janeiro AVENIDA VINTE DE JANEIRO, S/N° - ILHA DO GOVERNADOR - RIO DE JANEIRO YES
315 3GRJVAS3332 RJ Vassouras ESTRADA BARÃO DE IPIABAS, S/N° - VASSOURAS YES
325 RNMLU6004 RN Natal Rua Florestal 27 YES
330 RNLNA6017 RN Natal Rua N. Sra. de Lourdes 1376 - Ed. Manhatam YES
332 ROPVO3036 RO Porto Velho AV. GOV. JORGE TEIXEIRA, 629 YES
334 S2RSPAE0651 RS Porto Alegre RUA PROF. JOÃO DE SOUSA RIBEIRO, 859 YES
337 S2RSPAE0970 RS Porto Alegre ACESSO D SQ 3 1 UNIDADE VICINAL, 3146 YES
339 RSCSL0061 RS Caxias Do Sul Rua Sinimbu, 2682 YES
340 RSCSL0052 RS Caxias Do Sul Av Júlio de Castilhos, 4054 YES
341 RSCSL0054 RS Caxias Do Sul Rua Gen. Arcy da Rocha Nobrega, 504- Jardim América YES
344 RSLHC0768 RS Salvador Do Sul LINHA COMPRIDA - CENTRO - SALVADOR DO SUL YES
345 RSRGR0891 RS Rio Grande RUA REVOCATA DE MELLO, 51 YES
346 RSCSL0068 RS Caxias Do Sul Rua Remio Antônio Tomazzoni, 138 — Planalto — Caxias do Sul YES
 
 

 

 

 

348 RSCAN0870 RS São Gabriel RUA FERNANDO FERRARI, S/N YES
349 RSPAE0971 RS Porto Alegre ALAMEDA J - UNIDADE VICINAL, 183 YES
351 RSPAE0857 RS Porto Alegre AVENIDA CRUZEIRO DO SUL, 2323 YES
362 SCPRI0545 SC Princesa Rua Santa Catarina, s/n° YES
364 3GSCFNS0405 SC Florianópolis Av. Rio Branco, 369 YES
365 SCWUM0274 SC Witmarsum Estrada Geral, s/n° YES
366 SCFNS0333 SC Florianópolis R. do Calafate, 113 — BL2 - PANTANAL YES
369 SCJGS0311 SC Jaraguá Do Sul Rua Gerhardt, s/n — Rio da Luz YES
371 SCSOO0503 SC São Jose RUA AMBRÓSIO DA SILVA, 223 YES
373 3GSCFNS0382 SC Florianópolis RUA LACERDA COUTINHO,179 YES
374 SCBCU0351 SC Balneário Camboriú AV. BRASIL, 3080 YES
377 3GSCFNS0572 SC Florianópolis ROD. TERTULIANO BRITO XAVIER, 2352 YES
381 SPCAO4938 SP Cubatão RUA JOSE GONÇALVES TORRES S.N - CUBATÃO/SP YES
382 SPWCV3688 SP São Paulo RUA PRO F VILMA VIEIRA, 21 - CASA VERDE YES
383 SPWMM3911 SP São Paulo Av Moema, 81 - Planalto Paulista, São Paulo - SP YES
384 SPWPC3942 SP São Paulo RUA MANOEL DA MATA SÁ 170 YES
385 SPWFO3735 SP São Paulo RUA ISANGA, N° 521 - FREGUESIA DO Ó YES
386 SPWCM3694 SP São Paulo Rua Pedro Rodrigues Beja, 111 — Vila Marari YES
387 SPWVF4163 SP São Paulo RUA ANTONIO REIS N 11B — CHÁCARA BELENZINHO YES
388 SPWPT3996 SP São Paulo Rua Dr João Toniolo 535 — Jardim São José YES
389 SPWCM3695 SP São Paulo RUA FERRUCIO SANDOLI 232 — SÃO PAULO YES
390 SPWST3117 SP São Paulo Av. Roque Petroni Júnior, 1089 - Chácara Santo Antônio (Zona Sul), São Paulo - SP YES
392 SPWVD3048 SP São Paulo Rua Oscar de Medeiros, 164, Vila Medeiros YES
393 SPWGR3743 SP São Paulo Rua DR. Antônio Simões de Carvalho,105 - Jd. São Bernardo -São Paulo - SP YES
 
 

 

 

 

395 SPFAC4958 SP Franca Av Presidente Vargas 666 — Cidade Nova, Franca - SP YES
396 SPWCS3728 SP São Paulo Rua Girolamo Dai Libri, 433 - Vila Moraes YES
397 SPWAA3576 SP São Paulo Rua da Padroeira, 83 - Jardim Nordeste, São Paulo - SP YES
398 SPOCO4536 SP Osasco Rua Rosa D'ângelo Pisapia, 156 — Vila Yara YES
399 SPSBO4598 SP São Bernardo Do Campo Rua Ruy Barbosa, 260 YES
400 SPWBE3603 SP São Paulo RUA JOAO BATISTA DE LACERDA, 261 YES
401 SPSBO4607 SP São Bernardo Do Campo Rua Municipal, 193 YES
402 SPWBF3583 SP São Paulo Av. Francisco Matarazzo, 229 - Água Branca, São Paulo - SP YES
403 SPWBF3585 SP São Paulo Rua Josef Kryss, 319 - Parque Industrial Tomas Edson YES
404 SPSBO4630 SP São Bernardo Do Campo Rua Nelza Ascêncio, 128 — Ferrazópolis — São Bernardo do Campo YES
405 SPSCN4637 SP São Caetano Do Sul Rua Archinto Ferrari, 118 — Santo Antônio — São Caetano do Sul YES
406 SPWBV3589 SP São Paulo AVENIDA PAULISTA, 810 YES
407 SPWCB3641 SP São Paulo Rua Ribeiroles, 274 — Vila Paulista YES
408 SPMMM5169 SP Mogi Mirim Rua Coronel Venâncio Ferreira Alves Adorno, 89 — Saúde YES
409 SPRPO5341 SP Ribeirão Preto Rua Bernardino de Campos, 1236 YES
410 SPSTB5363 SP Santa Barbara Doeste RUA TREZE DE MAIO, 749 - CENTRO YES
411 SPSJC5460 SP

São Jose Dos

Campos

Rua Euclídes Miragaia, 26 — Centro YES
412 SPPGE5272 SP Praia Grande AV. PRESIDENTE COSTA E SILVA, 13 — PRAIA GRANDE - SP YES
414 SPSTS5379 SP Santos Rua Saturnino de Brito, 256 — Marapé — Santos YES
415 SPSTS5396 SP Santos Av. Ana Costa, 121 - Vila Matias YES
416 SPSTS5403 SP Santos Rua Vergueiro Steidel, 304 - Aparecida YES
 
 

 

 

 

417 SPSUM5601 SP Sumaré Rua João Antônio Soares, 18 — Jd. Bom Retiro - Sumaré YES
418 SPWPN3988 SP São Paulo Avenida Nove de Julho, 5624 — Jardim Paulista — São Paulo YES
419 SPWTA4138 SP São Paulo Rua Cantagalo, 738 — Vila Gomes Cardim - SP YES
420 SPWPZ3963 SP São Paulo Rua Dr. Homem de Melo, 1186 - Perdizes YES
421 SPWPZ3964 SP São Paulo Rua Dr. Homem de Melo, 352 — Perdizes — São Paulo YES
422 SPWJQ3800 SP São Paulo Rua das Oiticicas, 149 — Pq. Jabaquara - São Paulo - SP YES
423 SPWJQ3801 SP São Paulo Rua Mianos, 104 — Vila Santa Catarina - SP YES
425 SPWRE4007 SP São Paulo Alameda Barão de Limeira, 478 - Campos Elíseos, São Paulo - SP YES
426 SPWRE4010 SP São Paulo Avenida Cásper Libero, 58 — Centro Histórico de São Paulo YES
427 SPWRE4011 SP São Paulo Rua Conselheiro Ramalho, 104 — Bela Vista YES
428 SPWVJ4178 SP São Paulo Rua Édipo Felíciano, 100 - Vila Jacuí, São Paulo — SP YES
429 SPWLB3880 SP São Paulo Rua do Glicério, 731 — Liberdade — São Paulo YES
430 SPWLB3881 SP São Paulo Rua Vergueiro, 168 — Liberdade — São Paulo YES
433 SPWVM4212 SP São Paulo Rua Eça de Queiroz, 258 — Vila Mariana - SP YES
434 SPWLP3868 SP São Paulo Rua Tonelero, 239 — Vila Ipojuca — São Paulo - SP YES
435 SPWLP3870 SP São Paulo Rua Marcelina, 394 — Vila Romana - SP YES
436 SPWSC4040 SP São Paulo Rua Albuquerque Lins, 374 - Santa Cecilia, São Paulo - SP YES
437 SPWSD4078 SP São Paulo Av General Charles de Gaulle, 208 — Pq. São Domingos YES
438 SPWVM4216 SP São Paulo R. Joel Jorge de Melo, 62 - Vila Mariana YES
440 SPWSE4124 SP São Paulo Praça Doutor João Mendes, 62 — Liberdade YES
441 SPWMM3898 SP São Paulo RUA SALTO, 70 — MOEMA YES
442 SPWMM3901 SP São Paulo Av. dos Imarés, 88 - Indianópolis, São Paulo - SP YES
443 SPWMM3903 SP São Paulo Alameda Jauaperi, 1083 — Moema - SP YES
446 SPWMR3927 SP São Paulo Avenida Barão de Monte Mor, 75 — Vila Morumbi YES
447 SPWSN4057 SP São Paulo Rua Voluntários da Pátria, 2798 - Santana, São Paulo - SP YES
 
 

 

 

 

449 SPWSU4103 SP São Paulo Rua Estero Belaco 160 - Vila da Saúde, São Paulo - SP YES
450 SPWSU4117 SP São Paulo Av. Jabaquara, 970 — Saúde — São Paulo YES
452 SPWCO3064 SP São Paulo Av. Angélica, 1683 - Santa Cecilia, São Paulo - SP YES
453 SPWSU3522 SP São Paulo Avenida Indianópolis, 1192 — (Clube Sírio Libanês) - Planalto Paulista, São Paulo YES
454 SPWBL3618 SP São Paulo RUA EDUARDO COSTA, N°244 - VILA BRASILÂNDIA YES
457 SPWCO3717 SP São Paulo Rua Minas Gerais, 388 - Higienópolis YES
458 SPSBO4605 SP São Bernardo Do Campo Rua Marechal Badoglio, 15 — Vila Mussoline YES
459 SPWJR3818 SP São Paulo Rua Conselheiro Amaral, 196 - Jaguará, São Paulo - SP YES
460 SPWPN3987 SP São Paulo Rua Hungria, 664 - Jardins, São Paulo - SP YES
461 SPWTA4136 SP São Paulo RUA GEN. GELÁS, 72 - TATUAPÉ, SÃO PAULO-SP - 03090-030 YES
462 SPWRE4012 SP São Paulo Rua Washington Luís, 392 — Centro Histórico — São Paulo YES
463 SPWSC4044 SP São Paulo Praça Júlio Prestes, 30 - Campos Elíseos, São Paulo - SP YES
464 SPWMM3907 SP São Paulo Alameda dos Tupiniquins, 1235 - Planalto Paulista YES
465 SPWPN3972 SP São Paulo Rua Fradique Coutinho, 1590 — Pinheiros — São Paulo - SP YES
466 SPWMM2564 SP São Paulo Rua inhambu, 763 YES
467 SPWVM3099 SP São Paulo Av. Brigadeiro Luís Antônio, 2819 — Jardim Paulista YES
468 SPWLB3069 SP São Paulo Rua Topázio, 420 — Vila Mariana YES
469 SPLRA5117 SP Limeira Rua Dr. José Carvalho Ferreira, s/n YES
470 SPWJE3059 SP São Paulo Rua Caetanópolis, 930 - Jaguaré YES
471 SPWCO3711 SP São Paulo Rua da Consolação, 2143 YES
473 SPWCO3721 SP São Paulo Av Angélica, N° 1189 — Consolação YES
474 SPJAI4454 SP Jundiaí Rua do Rosário YES
475 SPSTS5374 SP Santos Rua Augusto Paulino, 57 YES
 
 

 

 

 

476 SPWBV3596 SP São Paulo RUA LOURENCO GRANATO, 214 YES
477 SPWCY3637 SP São Paulo AVENIDA LACERDA FRANCO, 130, CEP:1536-000 YES
478 SPWAR3557 SP São Paulo RUA TEOFILO DIAS, 332 YES
479 SPWBS3612 SP São Paulo RUA JOSE MONTEIRO, 323 YES
480 SPWIT3794 SP São Paulo AVENIDA CAMPANELLA, EDIFÍCIO: CAMPANELLA 1297 — ITAQUERA YES
481 SPSTS5387 SP Santos Rua Ana Costa, 555 YES
482 SPSTS5389 SP Santos Rua Barão de Paranapiacaba, 77 YES
483 SPSTS5397 SP Santos Rua Euclides da Cunha, 151 YES
487 SPWJP3833 SP São Paulo Rua José Maria Lisboa, 1187 YES
488 SPWJP3845 SP São Paulo Rua Pamplona, 825 - Jardim Paulista YES
489 SPWPZ3957 SP São Paulo Rua Diana, 740 — Perdizes YES
490 SPWJQ3807 SP São Paulo Rua das Grumixamas, 110 — Jardim Oriental YES
491 SPWRT4003 SP São Paulo Rua Cândido Fontoura, 481 YES
492 SPWSC4035 SP São Paulo Rua Guaianases, 1197 YES
493 SPWMR3923 SP São Paulo Av. Lineu de Paula Machado, 1174 Jardim Everest YES
494 SPWIR3748 SP São Paulo Rua Vasconcelos Drumond, 196, Ipiranga YES
495 SPWIR3751 SP São Paulo Rua Costa Aguiar, 994 - Ipiranga YES
496 SPWSU4108 SP São Paulo Av. Indianópolis, 2185 YES
497 SPARC3152 SP Araçatuba Rua Wenceslau Braz 120 - Ed Copacabana — Vila Santa Maria YES
498 SPSTS3213 SP Santos Avenida Presidente Wilson, 66 — José Menino YES
499 SPSZN3100 SP Suzano Rua Benjamin Constant, 1653 YES
500 SPWMM3096 SP São Paulo Alameda dos Anapurus, 1297 - Moema YES
501 SPWJP3067 SP São Paulo Alameda Tietê, 301 — Jardim Paulista YES
502 SPWJG3820 SP São Paulo Rua Sebastiao Laranjeiras 252 YES
503 SPWLJ3865 SP São Paulo RUA GIBOUCUS 62 YES
504 SPWCO3714 SP São Paulo Avenida Angélica, 2000 — Consolação — São Paulo YES
505 SPWPN3974 SP São Paulo Rua Joaquim Antunes, 149 - Pinheiros — São Paulo YES
 
 

 

 

 

506 SPWVM4205 SP São Paulo Rua Conselheiro Rodrigues Alves, 391 — Vila Mariana YES
507 SPWLM3888 SP São Paulo Rua Antônio Ribeiro de Morais, 264 - Vila Carbone, São Paulo - SP YES
508 SPWCO3719 SP São Paulo Rua Amaral Gurgel, 518 — Consolação YES
509 SPWRE4004 SP São Paulo Rua Coronel Xavier de Toledo, 70 - República YES
510 SPWRE4005 SP São Paulo Av. Prestes Maia, 702 YES
511 SPWIB3779 SP São Paulo Rua Jesuíno Arruda, 327 - Itaim Bibi YES
512 SPWIR3753 SP São Paulo Rua Costa Aguiar, 2446 - Ipiranga YES
513 SPWPZ3047 SP São Paulo Rua Campevas, n° 313/325 - Perdizes YES
514 SPGJA4743 SP Guarujá Rua Mário Ribeiro, 886 YES
515 SPGJA5009 SP Guarujá Rua José Avelino de Oliveira, 260 YES
517 SPWJP3849 SP São Paulo Av. Paulista, 2006 — Bela Vista YES
518 SPWJP3854 SP São Paulo Avenida Brasil, S/N - Jardim América (Praça Nossa Senhora do Brasil) YES
519 SPWIR3760 SP São Paulo Rua Vemag 1, Vila Independência YES
520 SPWJP3068 SP São Paulo Rua Batatais, 558 YES
521 SPPAA5239 SP Piracicaba Rua Praça da Catedral Dom Ernesto de Paula, 170 - Centro YES
522 SPWCL3670 SP São Paulo Rua Caverá, 55 — Jardim Umarizal YES
523 SPWAN3570 SP São Paulo AV. Felippo Sturba, S/N - Anhanguera YES
524 SPCAS4848 SP Campinas Rua General Osório, 1233 — Centro YES
525 SPCAS4871 SP Campinas Rua Júlio de Mesquita, 36 YES
526 SPCAS4876 SP Campinas Rua Vargem Grande do Sul, 506 - Esquina com Avenida Baden Powell YES
527 SPITA4429 SP Itatiba Rua Quintino Bocaiúva, 343 YES
528 SPSOC5568 SP Sorocaba Rua Capitão Nascimento Filho, 171 YES
529 SPWMC3921 SP São Paulo Rua João Caetano, 379 YES
530 SPWCN3674 SP São Paulo R. Maria Angélica Franci, - Vila Franci YES
531 SPWIP3017 SP São Paulo R Manuel Martins de Melo, S/N- Vila Itaim YES
 
 

 

 

 

532 SPWIP3018 SP São Paulo Avenida Tomé Dias Laço, S/N — Itaim Paulista YES
533 SPWJH3830 SP São Paulo Rua Tetiximira, 146 — Jardim Helena YES
534 SPGRS3000 SP Guarulhos Rua Candelária, S/N - Jardim Jacy YES
535 SPWMR2678 SP São Paulo Rua Jules Rimet, estádio Cícero P. de Toledo, portão04, Morumbi YES
536 SPWBS5671 SP São Paulo RUA DO GASOMETRO, 741, CEP: 3004 - 000 YES
537 SPWBU3625 SP São Paulo RUA ARMANDO FAIRBANKS, 310 YES
538 SPWJP3841 SP São Paulo Avenida São Gabriel, 236 — Jardim Paulista YES
539 SPWJP3851 SP São Paulo Alameda Campinas, 1600 YES
540 SPWSC4038 SP São Paulo Rua Albuquerque Lins, 92 YES
541 SPWIB3777 SP São Paulo Rua Jacurici, 184 — Itaim Bibi YES
542 SPRPO5315 SP Ribeirão Preto Rua Ana Costa, 555 YES
543 SPPGE5273 SP Praia Grande Rua São Salvador, 50 - Guilhermina YES
544 SPSTS5391 SP Santos Av. Presidente Wilson, 90 - José Menino YES
546 SPWST4072 SP São Paulo Rua Rodrigues Pais, 193 YES
547 SPWPN3985 SP São Paulo Rua Diana, 740 YES
548 SPCAS4870 SP Campinas Rua José de Alencar, 675 - Centro YES
549 SPWJQ3808 SP São Paulo Rua Porcelana, 193 — Vila do Encontro — São Paulo YES
550 SPWIB3769 SP São Paulo AVENIDA HORÁCIO LAFER, 702 YES
551 SPWLP3869 SP São Paulo Rua Albion, 229 - Lapa, São Paulo - SP YES
552 SPWBV3588 SP São Paulo ALAMEDA RIO CLARO, BELA VISTA - 157 SÃO -SP YES
553 SPWPS3970 SP São Paulo R Antônio José Anacleto, S/N, Vila Fanton YES
554 SPWMM3098 SP São Paulo Av. Jacutinga, 632 - Indianópolis YES
555 SPWBU3628 SP São Paulo AVENIDA CAXINGUI, 175 YES
556 SPPGE5275 SP São Paulo RUA BALNEARIO CAMBURIU, 100 YES
557 SPWJP3853 SP São Paulo AL ITU,1067 VILA CARAGUATA CONDOMÍNIO EDIFÍCIO JOSÉ HACHEM YES
558 SPWIB3784 SP São Paulo Av. Engenheiro Carlos Berrini, 801 YES
559 SPWJP3840 SP São Paulo AVENIDA PAULISTA, EDIFÍCIO ASAHI,1274 YES
 
 

 

 

 

560 SPWSN4046 SP São Paulo RUA, FRANCISCO RAMOS N, 28 SANTANA YES
561 SPWSE4118 SP São Paulo AV DO ESTADO, N° 2854, CENTRO YES
562 SPOCO4514 SP Osasco Rua Dr. Mariano Jatahy Marcondes Ferraz, 215 - Centro YES
563 SPRPO5325 SP Ribeirão Preto Rua Sete de Setembro,590 YES
564 SPWIB3761 SP São Paulo R. GUARAIUVA, 599 YES
565 SPWSL4085 SP São Paulo Avenida Sapopemba, 5435 — Sapopemba — São Paulo YES
566 SPWSN4059 SP São Paulo Rua Valdemar Martins, 116 YES
567 SPWRE4015 SP São Paulo RUA AMARO, 418, YES
568 SPWBV3594 SP São Paulo RUA PEIXOTO GOMIDE, 581 YES
569 SPWCB3644 SP São Paulo Rua Baronesa da Bela Vista, 801 (Hotel Ibis) - Vila Congonhas YES
570 SPWRE4006 SP São Paulo RUA BENTO FREITAS 186 YES
572 SPGRS0436 SP Guarulhos Rua Caraguatatuba, 57 YES
573 SPWCS3725 SP São Paulo RUA KITIZU UTIYAMA, 314, CURSINO YES
574 SPWJE3824 SP São Paulo Rua Marselha, 94, Jaguaré YES
575 SPWVC3023 SP São Paulo AV. FLAMINGO, 1361 - VILA NOVA CURUÇÁ YES
576 SPCAS4840 SP Campinas RUA BARRETO LEME, 2101 YES
577 SPCAS4857 SP Campinas Rua Doutor Sales de Oliveira, 463 - Vila Industrial - Campinas - SP YES
578 SPCAS4882 SP Campinas Rua Doutor Quirino, 757 - Centro, Campinas - SP YES
579 SPWCL3663 SP São Paulo Rua Odemis, 520 YES
580 SPWBF3579 SP São Paulo Largo Péricles, 0, Barra Funda YES
581 SPSBO4601 SP São Bernardo Do Campo PÇA SAMUEL SABATINI, 200 - CENTRO - SÃO BERNARDO CAMPO YES
582 SPSBO4608 SP

São Bernardo Do

Campo

Rua Braga, 266 - Vila Lusitania, São Bernardo do Campo

- SP

YES
583 SPSBO4613 SP São Bernardo Do Campo AVENIDA JOÃO FIRMINO, 1229 - ASSUNÇÃO - SÃO BERNARDO DO CAMPO - SP YES
 
 

 

 

 

584 SPSCN4634 SP São Caetano Do Sul Rua Rafael Correia Sampaio, 977 - Santa Paula - S.C.S YES
585 SPWBV3587 SP São Paulo Rua Treze de Maio, 1566 - Bela Vista - São Paulo YES
587 SPSTS5383 SP Santos Av. Dona Ana Costa, 376 - Gonzaga - Santos YES
590 SPWTA4137 SP São Paulo Rua Apucarana, 1563 -Tatuapé - São Paulo YES
591 SPWJP3834 SP São Paulo Alameda Joaquim Eugênio de Melo, 1452 - Jd. Paulista - São Paulo YES
592 SPWJP3844 SP São Paulo Alameda Jaú, 1167 - Jardim Paulista - SP YES
593 SPWJP3848 SP São Paulo Rua Maestro Elias Lobo, 1040 - Jardim Paulista - São Paulo YES
594 SPWPZ3959 SP São Paulo Rua Monte Alegre, 470 - Perdizes - São Paulo YES
595 SPWRE4009 SP São Paulo Lago do Arouche, 96 - República - SP YES
596 SPWSC4043 SP São Paulo Rua Dr Gabriel Dos Santos, 759 - Santa Cecilia YES
597 SPWVM4217 SP São Paulo RUA MANUEL DA NÓBREGA, 181 YES
598 SPWMM3905 SP São Paulo Rua Gaivota, 22 - Mo ema YES
599 SPWMM3910 SP São Paulo Rua Gaivota, 665 - Indianópolis - São Paulo YES
600 SPWIB3773 SP São Paulo Av. Jurubatuba, 246 - Morumbi YES
601 SPWTA4133 SP São Paulo RUA EMILIO MALLET, 1893, VILA GOMES CARDIM YES
602 SPSTS2545 SP Santos Avenida Washington Luiz, 61 - Vila Matias- Santos - SP YES
603 SPSCN3086 SP São Caetano Do Sul Rua Alameda São Caetano, 1738 - Santa Maria - S.C.S YES
604 SPWRE3072 SP São Paulo Rua Vitória, 395 YES
607 SPWVS4235 SP São Paulo RUA JOAO GUILHERME, 239 YES
608 SPWVA4157 SP São Paulo Rua Chico Gomes, S/N° YES
609 SPWLM3887 SP São Paulo R. Dirce Rodrigues 33 YES
610 SPCAS4865 SP Campinas

Av. Barão de Itapura, 1518 - Jardim Guanabara, Campinas

- SP

YES
611 SPGJA5000 SP Guarujá Rua José da Silva Figueiredo, 525 Enseada - Guarujá YES
612 SPINE5044 SP Itanhaém Rua João Mariano, 193 - Centro - Itanhaém YES
 
 

 

 

 

613 SPWBL3617 SP São Paulo ESTRADA DO SABÃO, 40 YES
614 SPRPO5311 SP Ribeirão Preto RUA AMÉRICO BRASILIENSE, 413 YES
616 SPPGE5280 SP Praia Grande Rua Nicarágua, 49 - Praia Grande - São Paulo YES
618 SPWSC4034 SP São Paulo Rua Cruzeiro, 732, Barra Funda YES
619 SPWMM3906 SP São Paulo R Dra. Neyde Aparecida Solito, 460 - Vila Clementino - Moema - SP YES
620 SPCAS2549 SP Campinas RUA BARÃO DE JAGUARA, 707 - CONCEIÇÃO YES
621 SPSCL2559 SP São Carlos Rua Dona Maria Jacinta, 241, São Carlos - SP YES
622 SPGRS3002 SP Guarulhos Av. São Paulo, 352 - Cidade Brasil - Guarulhos - SP YES
623 SPWCT3015 SP São Paulo Rua Jaguapeba, 100 YES
624 SPWPT3039 SP São Paulo Rua Cel. Gonçalves da Siqueira 145, Pirituba YES
625 SPWRE3073 SP São Paulo Rua Augusta, 66 YES
626 SPJCI1883 SP Jacareí R. Cap. João Jose de Macedo, 340 YES
627 SPWPZ3961 SP São Paulo Rua Coari, 208 YES
628 SPWSL4088 SP São Paulo Rua Joaquim Ribeiro da Costa, 386 YES
629 SPWBF3580 SP São Paulo Rua Turiassú, 1863, Perdizes YES
630 SPSJC5491 SP São Jose Dos Campos Rua Cel João Cursino, 240/242 - Ed. Toulon YES
631 SPSTS5402 SP Santos RUA LACERDA FRANCO, Condomínio Ed. Icaraíma - Bairro Aparecida 137, CEP:11025180 YES
634 SPWPI3940 SP São Paulo Av. Cruzeiro do Sul, 1100 - Canindé YES
635 SPJCI1882 SP Jacareí Rua Gilberto Moreira, 296 - Vila Formosa, Jacareí - SP YES
636 SPWCB3651 SP São Paulo Rua Barão do Triunfo, 276 YES
637 TOPMJ2109 TO Palmas AVENIDA LO-5, LT 01 - PLANODIRETOR SUL YES

 

2 SRMGBPR4203 MG Belo Horizonte Avenida Augusto de Lima, 1549 - Fórum Lafayete YES
3 RJSMI2621 RJ São Joao De Meriti Rodovia Presidente Dutra, 4200 - Shopping Grande Rio YES
5 SPWCB3642 SP São Paulo Av. Washington Luís, s/n - Aeroporto Internacional de Congonhas YES
 
 

 

 

 

6 SRCEFLA0142 CE Fortaleza Av. Senador Carlos Jereissati, 3000 YES
7 SPGRS2853 SP Guarulhos Rod. Presidente Dutra, Km 230 - Internacional Shopping Guarulhos YES
8 SPGRS4359 / SPGRS4360 SP Guarulhos Rod. Hélio Schmidt, s/n - Aeroporto Internacional de São Paulo (Cumbica) YES
9 SRBASCT0204 BA Salvador PRACA GAGO COUTINHO, 282, YES
10 SRRJCTO3007 RJ Rio De Janeiro Praça Senador Salgado Filho, S/N - Aeroporto Santos Dumont YES
11 DFIND0132 DF Brasília CSB 2, Lotes 1/4, Alameda Shopping YES
12 SPBRE4271 SP Barueri Al. Rio Negro, 1033 - Alphaville Shopping YES
14 SPARC2841 SP Araçatuba Av. Joaquim Pompeu de Toledo, 601 - Araçatuba Shopping YES
17 SPBRU2845 SP Bauru R. Henrique Savi, 15-55 - Bauru Shopping YES
18 SRRSIND0519 RS Porto Alegre AVENIDA PRAIA DE BELAS, 1181 YES
19 SRMGBEL4193 MG Belo Horizonte Rodovia BR-356, 3049 - BH Shopping YES
20 MGCEM4198 MG Contagem Avenida João César de Oliveira, 1275 - Big Shopping (32260-250) YES
21 SPWST4067 SP São Paulo R. Borba Gato, 59 - Boa Vista Shopping YES
22 RJBOT2604 RJ Rio De Janeiro Praia de Botafogo, 400 - Botafogo Praia Shopping YES
23 DFIND0726 DF Brasília SETOR TERMINAL NORTE, CONJUNTO J, BOULEVARD SHOPPING YES
24 SPWBF2628 SP São Paulo Rua Turiassú, 2100 YES
25 DFIND0130 DF Brasília QD SCN Q 5 BL A, 0 - ASA NORTE YES
27 SPGTA2632 SP Guaratinguetá Av. Juscelino Kubitscheck de Oliveira, 351 - Buriti Shopping Guará YES
28 SRGOIND0199 GO Goiânia Av. Rio Verde, Qd. 102-104 YES
29 DFIND0133 DF Brasília Câmara dos Deputados - Praça dos Três Poderes YES
32 SPCAS2846 SP Campinas R. Jacy Teixeira Camargo, 940 - Campinas Center YES
33 SPCGT2849 SP Caraguatatuba Av. Arthur Costa Filho, 937 - Caraguá Praia Shopping YES
 
 

 

 

 

34 PRIND0394 PR Londrina RODOVIA CELSO GARCIA CID, S/N YES
36 SRRJTNQ3055 RJ Rio De Janeiro Avenida Geremário Dantas, 402 - Center Shopping YES
37 SPSJC5473 SP São Jose Dos Campos Av. Deputado Benedito Matarazzo, 9403 - Center Vale Shopping YES
38 SPWVP4227 SP São Paulo Av. Dr. Francisco Mesquita, 1000 - Central Plaza Shopping YES
40 SRRJBOT3027 RJ Rio De Janeiro Praia de Botafogo, 501 - Centro Empresarial Mourisco YES
41 SRRJBTJ3047 RJ Rio De Janeiro Av Ayrton Senna, 3000 - Via Parque - Citibank Hall YES
43 SPWJE2880 SP São Paulo Av. Leão Machado, 100 - Continental Shopping YES
45 SRMGLUR4196 MG Belo Horizonte Avenida Olegário Maciel, 1600 - Diamond Mall Shopping YES
47 SPMIA2860 SP Marilia Av. Esmeraldas, 701 - Esmeralda Plaza Shopping YES
48 SPSOC2891 SP Sorocaba Av. Izoraida Marques Peres, 401 - Esplanada Shopping YES
49 SPWVG2881 SP São Paulo R: José Bernardo Pinto, 333 - Expo Center Norte YES
50 SPWST0333 SP São Paulo R. Arquiteto Olavo Redig de Campos, 105 - EZ Towers — Torre A YES
51 SPFAC2636 SP Franca Av. Rio Negro, 1100 - Franca Shopping YES
52 SPCAS4833 SP Campinas Rodovia Dom Pedro I, Km 131,5 - Galeria Shopping YES
53 SPCTD2850 SP Catanduva Av. José Nelson Machado, 280 - Garden Catanduva Shopping YES
54 MTCBA0068 MT Cuiabá AV. LAVA PÉS YES
55 SPSNE2870 SP Santo André Av. Industrial, 600 - Grand Plaza Shopping (Antigo ABC Plaza Shopping) YES
56 SRRJBNF3050 RJ Rio De Janeiro Avenida Dom Hélder Câmara, 5474 YES
59 SRCEFLA0296 CE Fortaleza Av Dioguinho, 4189 YES
60 RJNIU2623 RJ Nova Iguaçu Av Governador Roberto da Silveira, 540 - Iguaçu Top Shopping YES
61 SPSCL2874 SP São Carlos Passeio dos Flamboyants, 200 - Iguatemi São Carlos YES
62 RJPTG2607 RJ Rio De Janeiro Avenida Maestro Paulo Silva, 400 YES
63 SPJCI2856 SP Jacareí R. Barão de Jacareí, 364 - Jacareí Shopping YES
 
 

 

 

 

64 SPJAU2857 SP Jau Av. Dr. Quinzinho, 511 - Jaú Shopping YES
65 SRRJJCP3042 RJ Rio De Janeiro Avenida Embaixador Abelardo Bueno, 3401 YES
66 SPPGE5270 SP Praia Grande AV AYRTON SENNA DA SILVA, 1500 YES
67 PBMAN4590 PB Joao Pessoa Avenida Gov Flavio Ribeiro Coutinho 805/TO YES
69 SPWST4066 SP São Paulo Av. Dr. Chucri Zaidan, 902 YES
70 SPMAU2861 SP Mauá Av. Governador Mario Covas Junior, 01 - Mauá Plaza Shopping YES
71 SPJAI2858 SP Jundiaí Av. Antônio Frederico Ozanan, 6000 - Maxi Shopping Jundiaí YES
72 SRAMMNS3304 AM Manaus Avenida Djalma Batista, 1661 - Millennium Shopping YES
73 SRMGUNI4194 MG Belo Horizonte Avenida Cristiano Machado, 4000 - Minas Shopping YES
75 SPSTS2871 SP Santos Av. Euclides da Cunha, 21 - Miramar Shopping YES
76 SPMCZ2862 SP Mogi Das Cruzes Av. Ver. Narciso Yague Guimarães, 1001 - Mogi Shopping YES
77 SPWST4065 SP São Paulo AV ROQUE PETRONI JUNIOR, 1089 YES
78 RNCAN6201 RN Natal Avenida Senador Salgado Filho 2234 YES
79 SRCEFLA0297 CE Fortaleza Av. Bezerra de Menezes, no. 2450 (North Shopping) YES
80 SPRPO2866 SP Ribeirão Preto Av. Presidente Kennedy, 1500 - Novo Shopping YES
81 SPOCO0087 SP Osasco Rua Tenente Avelar Pires de Azevedo, 81 - Osasco Plaza Shopping YES
82 PERCE3244 PE Recife Rua Cais da Alfadênga S/N YES
84 MTCBA0111 MT Cuiabá AV. RUBENS DE MENDONÇA YES
85 SRRJCGR3022 RJ Rio De Janeiro Estrada do Monteiro, 1200 - Park Shopping Campo Grande YES
86

SPCAS4832 /

SPCAS2673

SP Campinas

Av. Guilherme Campos, 500 - Parque Dom Pedro

Shopping

YES
87 PAICO2253 PA Belém Rodovia Augusto Montenegro, 4300 (Parque Shopping Belém) YES
88 SPPPE2851 SP Presidente Prudente Rua Siqueira Campos, 1545 - Parque Shopping Prudente YES
 
 

 

 

 

89 ALMCO2399 AL Maceió AV MENINO MARCELO, 3800 TABULEIRO MARTINS YES
90 SRBAIGW0208 BA Salvador AVENIDA ANTONIO CARLOS MAGALHAES, 1034, PITUBA PARQUE CENTER YES
92 SPSRR2840 SP

São Jose Do Rio

Preto

Av. José Munia, 4775 - Plaza Avenida Shopping YES
93 SPITU2855 SP Itu Av. Dr. Ermelindo Maffei, 1199 - Plaza Shopping Itu YES
94 SPSRR2875 SP São Jose Do Rio Preto R. Bernardino de Campos, 2940 - Praça Shopping YES
95 SPSTS2872 SP Santos R. Alexandre Martins, 80 - Praiamar Shopping YES
98 SPPPE2865 SP Presidente Prudente Av. Manoel Goulart, 2400 - Prudenshopping YES
99 SPWVS2253 SP São Paulo Rod. Raposo Tavares, Km 14,5 - Raposo Shopping (Antigo Shopping Off Price Raposo) YES
100 SRRJJBT3041 RJ Rio De Janeiro Rua Jardim Botânico, 266 - Rede Globo YES
101 SPRPO5314 SP Ribeirão Preto Av. Cel. Fernando Ferreira Leite, 1540 - Ribeirão Shopping YES
103 SRRJBOT3021 RJ Rio De Janeiro Rua General Severiano, 97 - Rio Plaza Shopping YES
104 SPSRR2876 SP São Jose Do Rio Preto Av. Brigadeiro Faria Lima, 6363 - Riopreto Shopping Center YES
106 SRMGSAV4363 MG Belo Horizonte Rua Alagoas, 1314 - Shopping 5ª Avenida YES
107 SPSNE4571 SP Santo André Av. Pereira Barreto, 42 - Shopping ABC (Antigo Mappin ABC) YES
109 SRCEFLA0299 CE Fortaleza Av. Dom Luis, no. 500 (Shopping Aldeota) YES
110 MGNLA4722 MG Nova Lima Rua Senador Milton Campos, 115 - (Shopping Alta Vila) YES
111 SPWVF4169 SP São Paulo Av. Regente Feijó, 1739 YES
112 SRRJCPS3057 RJ Campos Dos Goytacazes Av. 28 de Março, 574 - Shopping Avenida 28 YES
113 SRBAPOK0201 BA Salvador AVENIDA CENTENARIO, 2992 YES
114 PEBVT3241 PE Recife Rua do Giriquiti 48 YES
116 SRGOGNA0304 GO Goiânia Rua 9,1855 YES
 
 

 

 

 

117 SRRJCPS3058 RJ Campos Dos Goytacazes Rua Doutor Silvio Bastos Tavares, 330 - Shopping Boulevard Campos YES
118 SRRJSCR3028 RJ Rio De Janeiro Rua Barão de São Francisco, 236 - Shopping Boulevard RioShopping antigo Iguatemi YES
119 ESVVA3847 ES Vila Velha

Rodovia do Sol, Km 5000 (Shopping Boulevard Vila

Velha)

YES
120 SPWVS4237 SP São Paulo Av. Prof. Francisco Morato, 2718 - Shopping Butantã YES
121 SPWCL0085 SP São Paulo Estrada do Campo Limpo, 45 - Shopping Campo Limpo YES
122 RSCAN0958 RS Canoas AV GUILHERME SCHELL 6750/ TE YES
123 PABLM2198 PA Belém Rod. BR - 316, Km 1, s/n (Shopping Castanheira) YES
124 SPWCO2634 SP São Paulo Av. Paulista, 2064 - Shopping Center 3 YES
125 SPFND1291 SP Fernandópolis Av. Litério Grecco, 600 - Shopping Center Fernandópolis YES
126 SPWLP2883 SP São Paulo R. Guaicurus, esquina com a Rua Catão - Shopping Center Lapa YES
127 SPWVG4173 SP São Paulo TV CASALBUONO, 120 YES
128 SPWPH3954 SP São Paulo R. Doutor João Ribeiro,304 - Shopping Center Penha YES
129 SPRCO2868 SP Rio Claro Av. Conde Francisco Matarazzo, 205 - Shopping Center Rio Claro YES
131 PRIND0399 PR Curitiba AVENIDA MARECHAL FLORIANO PEIXOTO, 4880 YES
132 SPSJC5482 SP São Jose Dos Campos Av. São João, 2200 - Shopping Colinas YES
133 SPWPI3937 SP São Paulo AV. CRUZEIRO DO SUL, 1100 - SHOPPING D YES
134 SPWIB3783 SP São Paulo Av. das Nações Unidas, 12555 - Shopping D&D YES
135 SRRJGAV3036 RJ Rio De Janeiro Rua Marquês de São Vicente, 52 - Shopping da Gávea YES
136 SRMASLS1686 MA São Luís Av. Daniel de La Touche, 987 YES
137 SRMGCAI4197 MG Belo Horizonte Avenida Presidente Carlos Luz, 3001 - Shopping Del Rey YES
138 SPWPN3976 SP São Paulo Av. Rebouças, 3970 YES
139 SPWBV3590 SP São Paulo R. Frei Caneca, 569 - Shopping Frei Caneca YES
140 SPCOA0258 SP Cotia Rodovia Raposo Tavares, km 23 YES
 
 

 

 

 

141 PEJBO3326 PE Jaboatão Dos Guararapes Avenida Barreto de Menezes 800 YES
142 SPWMM3912 / SPWMM2797 SP São Paulo Av. Ibirapuera, 3103 - Shopping Ibirapuera YES
143 SRCEFLA0298 CE Fortaleza Av. Washington Soares, no. 85 (Shopping Iguatemi) YES
144 SPWPN0266 SP São Paulo Rua Angelina Maffei Vita, s/n° - Shopping Iguatemi - Expansão Fase III YES
145 SPWPN3977 SP São Paulo Av. Brig. Faria Lima, 2232 YES
146 RSIND0529 RS Caxias Do Sul RST 453 2787 SN YES
147 SRBABDA0202 BA Salvador AVENIDA TANCREDO NEVES, 42-152, SHOPPING IGUATEMI SALVADOR YES
148 SPWCG3654 SP São Paulo AV. INTERLAGOS, 2255 - Shopping Interlagos YES
149 SCIND0277 SC São Jose RUA GERONCIO THIVES YES
151 SPARQ2842 SP Araraquara Acesso Engenheiro Heitor de Souza Pinheiro, 2270 - Shopping Jaraguá YES
152 SPWVA4154 SP São Paulo Av. Giovanni Gronchi, 5819 - Shopping Jardim Sul YES
153 SPGJA2852 SP Guarujá Av. Marechal Deodoro da Fonseca, 885 YES
154 SPWVG2884 SP São Paulo Av. Otto Baumgart, 500 - Shopping Lar Center YES
155 SPWAC2885 SP São Paulo Av. Aricanduva, 5555 - Shopping Leste Aricanduva YES
156 SPWRE2886 SP São Paulo R. Coronel Xavier de Toledo, 23 - Shopping Light YES
157 SPWBS0086 SP São Paulo Rua Barão de Ladário, 566/670 - Shopping Mega Polo Moda YES
158 ESSEA3846 ES Serra Av. João Palácios, 300 (SHOPPING MESTRE ALVARO) YES
159 SPWTA2887 SP São Paulo R. Gonçalves Crespo, 78 - Shopping Metrô Boulevard Tatuapé YES
160 SPWIT2888 SP São Paulo Av. José Pinheiro Borges, s/n - Shopping Metrô Itaquera YES
162 SPWTA4134 SP São Paulo R. Domingos Agostim, 91 - Shopping Metrô Tatuapé YES
163 SPSBO2624 SP São Bernardo Do Campo Praça Samuel Sabatini, 200 - Shopping Metrópole YES
 
 

 

 

 

165 RNLSA6033 RN Natal Avenida Bernardo Vieira 3775.Shopping Midway mall. YES
166 SRRJDCT3037 RJ Rio De Janeiro Avenida Pastor Martin Luther King Jr, 126 YES
168 PABLM2199 PA Belém Trav. Padre Eutíquio, no. 1078 (Shopping Pátio Belém) YES
171 SPWBV3936 SP São Paulo R. Treze de Maio, 1947 - Shopping Pátio Paulista (Antigo Shopping Paulista) YES
172 SRMGSAV4204 MG Belo Horizonte Avenida do Contorno, 6061 - Shopping Pátio Savassi YES
173 SRBAASG0203 BA Salvador RUA CONS. JUNQUEIRA AYRES, 165/TO YES
174 SPPAA2864 SP Piracicaba Av. Limeira, 722 - Shopping Piracicaba YES
176 RJMCE2672 RJ Macaé Avenida Aluízio da Silva Gomes, 800 - Shopping Plaza Macaé YES
177 SPWSU4114 SP São Paulo Praça Leonor Kaupa, 100 - Shopping Plaza Sul YES
178 SRRJMAD3044 RJ Rio De Janeiro Estrada da Portela, 99 - Shopping Polo1 YES
181 PEBVG3243 PE Recife Rua Padre Carapuceiro 777 YES
182 SRMASLS1547 MA São Luís Av. São Luís Rei de França, no 08, bairro Turú. Shopping Rio Anil. YES
184 SPRPO2867 SP Ribeirão Preto R. São José, 933 - Shopping Santa Úrsula YES
185 RJSGO2908 RJ São Gonçalo Rua Nova Jersey, s/n - Lote 1 - Shopping São Gonçalo YES
186 MGSLA2096 MG Sete Lagoas Rua Otávio Campelo Ribeiro, 2801 (Shopping Sete Lagoas) YES
188 SPTBS4662 SP Taboão Da Serra Rod. Régis Bittencourt, Km 271,5 - Shopping Taboão YES
189 PESAR3429 PE Recife Avenida Agamenon Magalhaes 153 YES
191 SRRJRCP3029 RJ Rio De Janeiro Avenida Maracanã, 987 - Shopping Tijuca YES
192 PRIND0398 PR Curitiba RUA ITACOLOMI, 100 YES
193 PAPUP2033 PA Parauapebas Rodovia PA 275, Km 55 - Shopping Unique YES
194 MGIIG4202 MG Ipatinga

Rodovia BR-381 (Avenida Pedro Linhares Filho), Km 206

- Industrial - Shopping Vale do Aço

YES
195 SPVOS1097 SP Valinhos Rua Paiquerê, 200 - Shopping Valinhos YES
196 SRRJBTJ3048 RJ Rio De Janeiro Avenida Ayrton Senna, 3000 - Shopping Via Parque YES
197 SRRJBTJ3023 RJ Rio De Janeiro Avenida das Américas, 3900 YES
 
 

 

 

 

198 SPWAP3569 SP São Paulo Av. das Nações Unidas, 4777 - Shopping Villa-Lobos YES
199 ESVTA3811 ES Vitoria Avenida Nossa Senhora dos Navegantes, 1440 - Shopping Vitória YES
200 SPWBF3584 SP São Paulo Av. Antártica, 380 - Shopping West Plaza YES
201 RJVRD2280 RJ Volta Redonda Rua Brás Magaldi Fernandes, 300 YES
202 SPSOC2892 SP Sorocaba Av. Afonso Vergueiro, 1700/1766 - Sorocaba Shopping YES
203 SPOCO2640 SP Osasco Av. dos Autonomistas, 1828 - Super Shopping Osasco YES
204 PRCTA0576 PR Curitiba Supermercado Angeloni - Avenida República Argentina, YES
205 SPSZN2893 SP Suzano R. Sete de Setembro, 555 - Suzano Shopping YES
206 DFIND0131 DF Brasília Rua 210, QS 1, Lt. 40 YES
207 SPTTE2894 SP Taubate Av. Charles Schneider, 1700 - Taubaté Shopping YES
209 SPSTB2869 SP Santa Barbara Doeste Av. Santa Bárbara, 777 - Tívoli Shopping YES
210 SRRJBOT3026 RJ Rio De Janeiro Rua Lauro Muller, 116 - Torre do Rio Sul - Complexo do RioSul (Shopping) YES
211 SPWST2854 SP São Paulo

Avenida Dr. Mário Villas Boas Rodrigues, 387 -

Transamérica Expo Center

YES
217 DFIND0144 DF Brasília CPU DARCY RIBEIRO, 0 - ASA NORTE YES
218 SPSJC2877 SP São Jose Dos Campos Av. Andrômeda, 227 - Vale Sul Shopping YES
219 SRRJIRJ3062 RJ Rio De Janeiro Rua Itapera, Trevo das Margaridas - Via Brasil Shopping YES
220 SRCEFLA0920 CE Fortaleza Av. Washington Soares, 4335 YES
221 SPWIB3785 SP São Paulo Av. das Nações Unidas, 12551 - World Trade Center São Paulo YES
222 DFIND0138 DF Brasília PÇA TRES PODERESLOTE ÚNICO, 0 - ZONA CÍVICO ADMINIST YES
 
 

SHARE PURCHASE AGREEMENT VIA ISOLATED PRODUCTION UNIT AND OTHER COVENANTS

 

EXHIBIT 4.4.6(i)

 

Final Purchase Price Adjustment - Substantial Competitive Restrictions

 


 

The Final Purchase Price after the Competitive Restrictions shall be equal to the Final Purchase Price (i) minus the Annual Indoor Revenue Price of those Indoor Sites that have to be removed from the scope of the transaction due to the Competitive Restrictions and

(ii) minus the Annual Outdoor Revenue Price of those Outdoor Sites that have to be removed from the scope of the transaction due to Competitive Restrictions.

 


 

SHARE PURCHASE AGREEMENT VIA ISOLATED PRODUCTION UNIT AND OTHER COVENANTS

 

EXHIBIT 5.2.1(V)

 

Closing Instrument

 


 

CLOSING INSTRUMENT OF THE SHARE PURCHASE AGREEMENT VIA ISOLATED PRODUCTION UNIT AND OTHER COVENANTS

 

This Closing Instrument of the Share Purchase Agreement via Isolated Production Unit and Other Covenants (“Closing Instrument”) is entered into by and between, on one side,

 

1.               OI MÓVEL S.A. - UNDER JUDICIAL REORGANIZATION, a corporation with its head offices in Brasília, Distrito Federal, at Setor Comercial Norte, Quadra 03, Bloco A, Edifício Estação Telefônica, Térreo, Parte 2, ZIP CODE 70.713-900, registered with the National Register of Legal Entities of the Ministry of Economy (“CNPJ/ME”) under No. 05.423.963/0001-11, herein represented pursuant to its Bylaws (hereinafter referred to as “Oi Móvel”);

 

2.               TELEMAR NORTE LESTE S.A. - UNDER JUDICIAL REORGANIZATION, a company with its head offices in Rio de Janeiro, State of Rio de Janeiro, at Rua do Lavradio, nº 71, 2º andar, Centro, ZIP CODE 20.230-070, registered with the CNPJ/ME under No. 33.000.118/0001-79 and in the Commercial Registry of the State of Rio de Janeiro under NIRE 33.30015258 0, herein represented pursuant to its Bylaws (hereinafter referred to as “TMAR” and, together with Oi Móvel, “Sellers”);

 

and, on the other side,

 

3.               [BUYER], with its head offices at [=], registered with the CNPJ/ME under No. [=] (hereinafter referred to as “Buyer”);

 

With Sellers and Buyer being jointly referred to as “Parties” and individually and indistinctly as “Party”.

 
 

And, as intervening consenting party,

 

4.               CALITEIA RJ INFRAESTRUTURA E REDES DE TELECOMUNICAÇÕES S.A., with its head offices in Rio de Janeiro, State of Rio de Janeiro, at Rua do Lavradio, n° 71, sl. 201/801, Centro, ZIP CODE 20.230-070, registered with the CNPJ/ME under No. 35.978.982/0001-75, herein represented pursuant to its Bylaws (hereinafter referred to as “Company”);

 

and also as intervening consenting guarantor party,

 

5.               OI S.A. - UNDER JUDICIAL REORGANIZATION, a publicly-held company, with its head offices at Rua do Lavradio n.° 71, Centro, in the City and State of Rio de Janeiro, ZIP CODE 20230-070, registered with the CNPJ/ME under No. 76.535.764/0001-43 (hereinafter referred to as “Oi” and together with the Company, the Intervening Consenting Sellers.

 

PREAMBLE

 

WHEREAS, on [=], the Parties and Intervening Consenting Sellers entered into the Share Purchase Agreement via Isolated Production Unit and Other Covenants, whereby, among other provisions, Buyer undertook to acquire all the shares issued by the Company, representing the totality of the Company’s share capital (“Agreement”); and

 

WHEREAS, the Conditions Precedent for the Closing provided for in Clause 4 of the Agreement have been implemented and verified (or waived, as the case may be) until and/or on this date, so that the Parties wish to proceed with the Closing and consummate the legal transactions provided for in the Agreement to perform the Closing;

 

NOW THEREFORE, the Parties enter into this Closing Instrument, which shall be governed by the following terms and conditions that the parties mutually agree, as follows:

 

CLAUSE 1 DEFINED TERMS

 

Clause 1.1. Defined Terms. The terms used in this Closing Instrument in capital letters and not expressly defined herein, both in the singular and in the plural, and the verbal and nominal variations thereof, shall have the meaning ascribed to them in the Agreement.

 

CLAUSE 2

CONDITIONS PRECEDENT FOR THE CLOSING

 

Clause 2.1. Compliance with the Conditions Precedent for the Closing. The Parties represent and warrant (for themselves and, in the case of Sellers, also for the Company) that the Conditions Precedent for the Closing provided for in Clause 4 of the Agreement, have been implemented, complied with and verified (or waived, as the case may be), as applicable, prior to and/or on this Closing Date, as follows:

 
 

2.1.1       Conditions Precedent of the Parties. The Parties represent and warrant (for themselves and, in the case of Sellers, also for the Company) that the Conditions Precedent of the Parties provided for in Clause 4.1 of the Agreement, have been implemented, complied with and verified prior to and/or on this Closing Date, as provided for therein.

 

2.1.2       Conditions Precedent of Buyer. Sellers represent and warrant (for themselves and also for the Company) that the Conditions Precedent of Buyer provided for in Clause 4.2 of the Agreement, have been implemented, complied with and verified prior to and/or on this Closing Date, as provided for therein. Without prejudice to the foregoing, Sellers represent and warrant (for themselves and also for the Company) to Buyer that, on this Closing Date:

 

(i)                     all representations and warranties made by Sellers in the Agreement are true, complete and exact, both on the date of execution of this Agreement and on the Closing Date [(considering the representations updated in accordance with the provisions of Clause 14.4)]1;

 

(ii)                   Sellers and the Intervening Consenting Sellers are not in breach of the obligations undertaken by them under the Agreement, including those stipulated in Clause 8.1 of the Agreement; and

 

(iii)                any event that constitutes a Material Adverse Effect has not occurred from the date of execution of the Agreement to this Closing Date;

 

2.1.3       Conditions Precedent of Sellers. Buyer represents and warrants that the Conditions Precedent of Sellers provided for in Clause 4.3 of the Agreement, have been implemented, complied with and verified prior to and/or on this Closing Date, as provided for therein. Without prejudice to the foregoing, Buyer represents and warrants to Sellers that, on this Closing Date:

 

(i)                     all representations and warranties provided by Buyer in the Agreement contained in Clause 7 are true, complete and exact, both on the date of execution of the Agreement and on this Closing Date; and

 

(ii)                   on this Closing Date, also, Buyer are not in breach of the obligations undertaken thereby in the Agreement.

 

Clause 2.2. Closing Date. The Parties, by mutual agreement, determine that the Closing is performed on the date hereof, and the date hereof is considered the Closing Date for all purposes and effects of the Agreement.

 

Clause 2.3. Obligations at Closing. As determined in Clause 5.2 of the Agreement, the Parties have complied with (and Sellers has caused the Company to comply with), on the date hereof, all the acts and procedures provided for in the Agreement for implementation of the Closing, including the acts and obligations contained in Clause 5.2 of the Agreement.

 

 


1 Note: to be filled in if applicable upon the execution of the Closing Instrument.

 
 

Clause 2.4. Simultaneous Acts. All acts and obligations indicated in Clause 5.2 of the Agreement and Clause 2.3 of this Closing Instrument are considered simultaneous.

 

Clause 2.5. Representations and Warranties of Seller Error! Bookmark not defined.. Without prejudice to the provisions of the Agreement, Sellers represent and warrant to Buyer that all documents and information provided by Sellers (and, as the case may be, by the Company) to Buyer, for (i) proof of compliance with the Conditions Precedent for the Closing referred in Clauses 2.1.1 and 2.1.2 of this Closing Instrument, and (ii) implementation and practice of the acts and procedures referred in Clause 2.3 of this Closing Instrument that are the initiative or responsibility of Sellers, are true, exact, updated and complete on the date hereof.

 

Clause 2.6. Representations and Warranties of Buyer. Without prejudice to the provisions of the Agreement, Buyer represents and warrants to Sellers that all documents and information provided by Buyer to Sellers, for (i) proof of compliance with the Conditions Precedent for the Closing referred in Clauses 2.1.1 and 2.1.3 of this Closing Instrument, and (ii) implementation and practice of the acts and procedures referred in Clause 2.3 of this Closing Instrument that are the initiative or responsibility of Buyer, are true, exact, updated and complete on the date hereof.

 

CLAUSE 3 MISCELLANEOUS

 

Clause 3.1. Agreement Ratification. Except as expressly provided for herein, this Closing Instrument does not replace the Agreement and is not intended to deprive, waive or mitigate the rights and obligations set forth therein, and all other clauses of the Agreement shall be expressly ratified. This Closing Instrument shall become an integral part of the Agreement, for all purposes, together with all its exhibits.

 

Clause 3.2. No Waiver. The execution by the Parties of this Closing Instrument does not constitute discharge or waiver of any of the Parties in relation to any breach or default of the Agreement that may have occurred before the date hereof, except as waived by any of the Parties, under the Agreement, if applicable.

 

Clause 3.3. Confidentiality. The confidentiality provisions provided for in Clause 14.12 (Confidentiality and Non-Disclosure) of the Agreement shall apply to this Closing Instrument, mutatis mutandis.

 

Clause 3.4. Specific Performance. Any of the Parties may seek the specific performance of the obligations contained in this Closing Instrument, under the terms and as provided for in Clause 14.21 (Specific Performance; Enforceable Instrument) of the Agreement.

 

Clause 3.5. Applicable Law. This Closing Instrument shall be governed by and interpreted pursuant to the Laws of the Federative Republic of Brazil.

 

Clause 3.6. Conflict Resolution: Any and all controversies or disputes related to or arising from this Closing Instrument shall be resolved in accordance with Clause 13 (Conflict Resolution) of the Agreement.

 
 

Clause 3.7. Miscellaneous The general provisions in Clause 14 of the Agreement (Miscellaneous) and its sub-clauses are, mutatis mutandis, incorporated into this Closing Instrument by reference, and shall apply to this Closing Instrument as if they were expressly transcribed herein.

 

IN WITNESS WHEREOF, the Parties and Intervening Consenting Sellers executed this Closing Instrument in two (2) counterparts of equal context and for one sole purpose, in the presence of the two (2) witnesses below.

 

São Paulo, [month] [day], 2020.

 

(Remainder of the page intentionally left blank)

 

[Signature page of the Closing Instrument of the Share Purchase Agreement via Isolated Production Unit and Other Covenants, entered into between Oi Móvel S.A. — Under Judicial Reorganization and [Buyer], and, as intervening consenting party, [SPE Towers], and further, as intervening consenting guarantor parties, Telemar Norte Leste

S.A — Under Judicial Reorganization and Oi SA. — Under Judicial Reorganization, dated [=] [=], 2020]

 

OI MÓVEL S.A. - UNDER JUDICIAL REORGANIZATION

 

 

     

By: [=]

 

By: [=]

Title: [=]

 

Title: [=]

 

 

TELEMAR NORTE LESTE S.A. – UNDER JUDICIAL REORGANIZATION

 

 

 

     

By: [=]

 

By: [=]

Title: [=]

 

Title: [=]

 

[BUYER]

 

 

     

By: [=]

 

By: [=]

Title: [=]

 

Title: [=]

 

 

CALITEIA RJ INFRAESTRUTURA E REDES DE TELECOMUNICAÇÕES S.A.

 

 

 

     

By: [=]

 

By: [=]

Title: [=]

 

Title: [=]

 

OI S.A. – UNDER JUDICIAL REORGANIZATION

 

 

     

By: [=]

 

By: [=]

Title: [=]

 

Title: [=]

 

 
 

Witnesses:

 

 

     

Name:

 

Name:

ID (RG):

 

ID (RG):

Individual Taxpayer’s Register of the Ministry of Economy (CPF/ME):

 

Individual Taxpayer’s Register of the Ministry of Economy (CPF/ME):

 

***

 


 

SHARE PURCHASE AGREEMENT VIA ISOLATED PRODUCTION UNIT AND OTHER COVENANTS

 

EXHIBIT 5.2.1(VI)

 

Oi Sharing Agreement

 


 

SITE SHARING AGREEMENT

 

between

 

CALITEIA RJ INFRAESTRUTURA E REDES DE TELECOMUNICAÇÕES S.A.

As Contractor

 

OI MÓVEL S.A. - UNDER JUDICIAL REORGANIZATION

as Principal

 

OI S.A. – UNDER JUDICIAL REORGANIZATION

as Intervening Guarantor Party:

 


 

[=] [=], 2020

 


 

TABLE OF CONTENTS

 

   

PAGE

CLAUSE 1 DEFINITIONS 5
Clause 1.1 Definitions 5
Clause 1.2 Other Definitions 8
CLAUSE 2 PURPOSE 8
Clause 2.1 Space Lease 8
Clause 2.2 Consideration 9
Clause 2.3 Scope of the Space Lease 9
CLAUSE 3 EXHIBITS 9

 
 

 

Clause 3.1 Exhibits 9
CLAUSE 4 SPACE LEASE 9
Clause 4.1 Right of First Refusal of Excess Space 9
Clause 4.2 Request Forms 10
Clause 4.3 Reforms and Adjustments 10
Clause 4.4 Right of Retention 10
Clause 4.5 Lease Agreement 11
CLAUSE 5 COMMON OBLIGATIONS OF THE PARTIES 11
Clause 5.1 Common Obligations 11
CLAUSE 6 CONTRACTOR’S OBLIGATIONS 11
Clause 6.1 Contractor’s Obligations 11
CLAUSE 7 PRINCIPAL’S OBLIGATIONS 12
Clause 7.1 Principal’s Obligations 12
Clause 7.2 Irregular Works, Installations and Services 14
Clause 7.3 Indemnification of the Sale and Purchase Agreement 15
CLAUSE 8 PAYMENT AND ADJUSTMENT 15
Clause 8.1 Considerations 15
8.1.4c

Payment of the Considerations

16
Clause 8.3 Tax Liability 16
Clause 8.4 Additional Requests 16
Clause 8.5 Guaranteed Consideration 17
CLAUSE 9 BILLING 17
Clause 9.1 Infrastructure Billing Statement 17
Clause 9.2 Payment Date 17
CLAUSE 10 PENALTIES 18
Clause 10.1 Default by Principal 18
Clause 10.2 Exclusive Fault - Contractor 18
CLAUSE 11 TOTAL OR PARTIAL TERMINATION OF THE AGREEMENT 18
Clause 11.1 Termination 18
CLAUSE 12 MISCELLANEOUS 20
Clause 12.1 Entire Agreement 20
Clause 12.2 Entire Agreement 20
Clause 12.3 Damage 20
Clause 12.4 Acts of God and Force Majeure 20
Clause 12.5 Employer Liability 20
Clause 12.6 Access Procedure 21
Clause 12.7 Planning and Execution 21
Clause 12.8 Repairs 21
Clause 12.9 Notices 21
Clause 12.10 Other Contracts 21
Clause 12.11 Liability 21
Clause 12.13 Atypical Relationship 21
Clause 12.14 Guarantee 22
CLAUSE 13 ASSIGNMENT, TRANSFER AND SUBROGATION 22
Clause 13.1 Assignment, Transfer and Subrogation 22
CLAUSE 14 ASSIGNMENT OF CREDIT RIGHTS 23
Clause 14.1 Assignment of Credit 23
CLAUSE 15 CONFIDENTIALITY 23
Clause 15.1 Confidentiality 23
     

 

 
 

 

CLAUSE 16 INDEPENDENT PARTIES 24
Clause 16.1 Independence 24
Clause 16.2 Relationship 24
CLAUSE 17 TERM 24
Clause 17.1 Term of Effectiveness 24
CLAUSE 18 NOTIFICATIONS 24
Clause 18.1 Notification Rules 24
Clause 18.2 Term 24
Clause 18.3 Change of Address 24
Clause 18.4 Effect 24

CLAUSE 19

ANTI-CORRUPTION REPRESENTATIONS AND WARRANTIES

25

Clause 19.1 Representations and Warranties 25
CLAUSE 20 LAW AND CONFLICT RESOLUTION 25
Clause 20.1 Specific Performance; Enforceable Instrument 25
Clause 20.2 Applicable Law 26
Clause 20.3 Arbitration 26

 

SHARING AGREEMENT ENTERED INTO BETWEEN CALITEIA RJ INFRAESTRUTURA E REDES DE TELECOMUNICAÇÕES S.A. AND OI MÓVEL S.A. - UNDER JUDICIAL REORGANIZATION

 

By this private instrument, entered into on [-] [-], 2020, on one side,

 

1.               Caliteia RJ Infraestrutura e Redes de Telecomunicações, a corporation registered with the National Register of Legal Entities (“CNPJ”) under No. 35.978.982/0001-75, with its head offices at Rua do Lavradio, n.° 71, sl. 201/801, Centro, ZIP CODE 20.230-070, Centro, in the City of Rio de Janeiro, State of Rio de Janeiro, herein duly represented pursuant to its Bylaws, hereinafter simply referred to as “Contractor”;

 

and, on the other side,

 

2.               Oi Móvel S.A. — Under Judicial Reorganization, a corporation with its head offices at Setor Comercial Norte, Quadra 03, Bloco A, Ed. Estação Telefônica, Térreo, Parte 2, in the City of Brasília, in the Federal District, registered with the CNPJ under No. 05.423.963/0001-11, herein duly represented pursuant to its Bylaws, hereinafter simply referred to as “Principal”; and

 

and also, as intervening guarantor party,

 

3.               Oi S.A. — Under Judicial Reorganization, a publicly-held company, with its head offices at Rua do Lavradio n.° 71, Centro, in the City and State of Rio de Janeiro, ZIP CODE 20230-070, registered with the CNPJ under No. 76.535.764/0001- 43, herein duly represented pursuant to its Bylaws, hereinafter simply referred to as “Guarantor”.

 

The Principal and the Contractor shall be hereinafter individually and indistinctly referred to as “Party” and together as “Parties”.

 

WHEREAS:

 
 

(A)                 Contractor owns certain Infrastructure Items (as defined below) identified in Exhibit 1, located on its own and/or third party land and/or properties, and has the right to assign the use thereof for the installation of Equipment (as defined below);

 

(B)                 the Parties are interested in negotiating the terms and conditions for the lease of certain spaces located in Contractor’s Infrastructure Items, as requested by Principal, subject to the terms and conditions provided for in this Agreement;

 

(C)                 Principal is a provider of telecommunications services of collective interest, and uses infrastructure items to make its services available to its final clients; and

 

(D)                 the Parties are fully aware that Principal is subject to the rules imposed by the Brazilian Agency of Telecommunications (ANATEL),

 

The Parties hereby agree to enter into this Sharing Agreement (“Agreement”), which will governed by the following terms and conditions:

 

CLAUSE 1 - DEFINITIONS

 

Clause 1.1. Definitions. When used in this Agreement, each of the terms defined in the Preamble and the Recitals will have the meaning indicated above, and the following terms will have the meaning indicated below:

 

Affiliate” means, in relation to any of the Parties, any Person who directly or indirectly Controls, is Controlled by, or is under common Control with that Party, provided that Persons in the portfolio of funds managed by [name] will not be considered Affiliates of Contractor.

 

ANATEL” means the Brazilian Agency of Telecommunications.

 

Regularization Cost Increase” has the meaning ascribed thereto in the Sale and Purchase Agreement.

 

Governmental Authority” means any governmental agency, independent agency, division, department, court or other direct or indirect federal, state or municipal government body, as well as any and all courts, judicial authorities and/or arbitration courts.

 

Civil Code” means Brazilian Federal Law No. 10,406, dated January 10, 2002, as amended.

 

Brazilian Code of Civil Procedure” means Brazilian Federal Law No. 13,105, dated March 15, 2015, as amended.

 

Sale and Purchase Agreement” means the Share Purchase Agreement via Isolated Production Unit and Other Covenants entered into on [date] between Oi Móvel S.A. - under Judicial Reorganization and Telemar Norte Leste S.A. - under Judicial Reorganization, as Sellers and [=], as Buyer (hereinafter referred to as the “Buyer”), with the intervention and consent of Contractor and the Guarantor, having as purpose the

 
 

indirect purchase and sale of the Infrastructure Items by means of the direct acquisition of the total share capital of Contractor by Buyer.

 

Lease Agreements” means the contractual instruments (written or verbal) related to the occupation of the respective spaces in which the Infrastructure Items are installed, such as specific lease agreements, loan for use (comodato), assignment for use of space, among others.

 

Control” means, in relation to a Person, the power to, directly or indirectly, individually or jointly with other Persons, manage and order the direction of such Person’s management and policies, by means of ownership of the majority of its voting capital, by operation of an agreement, or by any other means. Terms derived from Control, such as “Parent”, “Controlling”, “Controller” and other related words will have meanings similar to Control.

 

Closing Date” means the date on which the parties to the Sale and Purchase Agreement close the legal transactions provided for in the Sale and Purchase Agreement.

 

Business Day” means any day (i) that is not a Saturday or Sunday, or (ii) when commercial banks are open for business at regular business hours in the municipality of Rio de Janeiro, State of Rio de Janeiro and in the municipality of São Paulo, State of São Paulo, Brazil.

 

Equipment” means, all together, the generators, telecommunications, radio and other equipment present in the structures of any Infrastructure Item and which are the property of Principal, its Affiliates, as well as their antennas and/or connection cables for such equipment that are apt to provide Personal Mobile Service and/or Specialized Mobile Service. Equipment include, without limitation, dedicated equipment, power cables for Principal’s and its Subsidiaries’ shelter/container, fiber optic cables, radio frequency and transmission antennas and their cables, exclusive and specific grounding system for these equipment and associated grounding devices with coaxial cables, shelter/container/outdoor Base Radio Station of Principal, and its Affiliates, all electronics and batteries associated with the shelter/container/outdoor Base Radio Station of Principal, and its Affiliates, specific internal and external grounding of the shelter/container/outdoor Base Radio Station of the Contractor, its Affiliates (including the physical grounding material and the physical connection between the Equipment and the general grounding system of the site), generators, diesel tanks, active and passive security system, telephone lines, COW (Cell on Wheels) base station, and any substations and power transformers dedicated to Principal, and its Affiliates, all energy contracts related to the Equipment, as well as the operating rooms and masonry shelters, but always excluding their respective foundations.

 

Base Radio Station” means the equipment of the Personal Mobile Service or Specialized Mobile Service network located in an Infrastructure Item and responsible for communicating with the terminal equipment of the users of these services, through the transmission and reception of signals in the frequency bands authorized by ANATEL to Principal, as applicable, for the Personal Mobile Service or Specialized Mobile Service.

 

Excess Spaces” means, with respect to an Infrastructure Item, any area available in that Infrastructure Item in which it is feasible to assign, lease or grant the right of use to any

 
 

Persons and, therefore, that is not being used, leased or assigned by Contractor in any capacity.

 

Adjustment Index” means the Broad Consumer Price Index — IPCA, disclosed by the Brazilian Institute of Geography and Statistics — IBGE, or another index that may replace it.

 

Infrastructure Items” means the infrastructure sites (including greenfield sites) described in Exhibit 1, which are comprised of the set including a Tower and/or Roof Top.

 

New Third-Party Sharing” means a request made by any third party other than Principal and/or its Affiliates, for Contractor to share and/or allow the use, by such third party, of additional space in one or more Infrastructure Items, provided, however, that any sharing, leases and other space assignments (i) that are already in effect on the date hereof; and/or

(ii) in Infrastructure Items in respect of which the Right of First Refusal of Excess Space (as defined below) has already been exercised or waived under this Agreement, will not be considered “New Third-Party Sharing” for the purposes hereof.

 

Person” means any individual, legal entity, businessperson, general partnership or company (including, but not limited to, corporations, limited liability companies or other types of companies), foundation, investment fund, association, partnership, consortium, trust, fiduciary entity or any other entity or organization, with or without legal personality, or any Governmental Authority.

 

Oi Judicial Reorganization” means the judicial reorganization process of Guarantor, together with other companies of its economic group, as a request filed on June 20, 2016 before the 7th Commercial Court of the Judicial District of the Capital City of Rio de Janeiro, under number 0203711-65.2016.8.19.0001.

 

Additional Consideration” has the meaning ascribed thereto in Exhibit 2 to this Agreement.

 

Base Consideration” has the meaning ascribed thereto in Exhibit 2 to this Agreement.

 

Roof Tops” means, in the infrastructure, the set of structures intended to support the radiofrequency and transmission antennas: support and fixation base for the vertical structures, lighting (including light barrier, photocell and wiring controls), pedalboards (including fall arrest safety cable), vertical or horizontal cable bed, grounding system (including lightening rod, wires and ground connections and the specific grounding mesh for the structure), beacons, access stairways and platforms, fixation/support structure for the equipment, switchboards, power piping and electrical cables. Roof Tops are usually assembled on: (i) slabs of building roofs; (ii) roofs; (iii) water tanks; (iv) facades (antennas only); and (v) any combination of the items above. Additionally, the characterization of the Roof Tops considers that they have a fully functional Base Radio Station owned by Principal and its Affiliates. The Roof Tops are listed in Exhibit 1, as “Roof Top” in the column “Site Type.”

 

Irreversible Situation” has the meaning ascribed thereto in Clause [10.2] of the Sale and Purchase Agreement.

 
 

Towers” means every structural set capable of supporting the installation of transmission and radiofrequency antennas, including the tower structure, the foundation of the tower structure, the tower lighting (including light barrier, photocell and wiring controls, cables), the tower work platform, all antenna supports and tower equipment, tower rest platforms, stairways to the tower (including the fall arrest safety cable, body guard, bracings, vertical and horizontal stretchings, the general grounding system of the tower (including lightning rods, wires and ground connectors for the tower and the land grounding mesh), site grounding system (including the global grounding system for the site regarding fences, walls, doors, recipients, gates and energy inputs), power input panel where the meters are located, concrete foundations and/or metal shelters for power input, power infrastructure from the utility company’s distribution network, the power input pattern, including ducts, posts and power piping and fiber optic, junction boxes as well as the materials related to the site perimeter (such as walls, fences, gates, etc.), metal skids for the Base Radio Station, concrete base for the Base Radio Station, metallic “eco box” (structure in metal profiles and checkered-plate floor and variable sizes) for the Base Radio Station, site lighting system, industrial outlet for a generator (steck), excluding any equipment that are installed in or attached to the Tower. The Towers are identified in Exhibit 1 in the “site type” column with the “greenfield” description.

 

Taxes” mean all taxes, contributions, charges, rates, fees, duties, social contributions or other governmental charges of any nature, including, without limitation, all income taxes, withheld at the source or not, on capital gains, share capital, transfer, sale, use, occupation, ownership, consumption, franchise, severance, paid leave, payroll, federal, state, municipal and local taxes withheld at source and other taxes, as well as accretions, fines and interest in relation to any said amounts.

 

Clause 1.2. Other Definitions. Without prejudice and in addition to the terms defined in Clause 1.1 above, the following terms are defined in the wording of the Agreement:

 

Exhibits 9
Arbitration 26
Chamber 26
CNPJ 5
Contractor 5
Principal 5
Agreement 5
Consideration Dilution 17
Right of First Refusal of Excess Space” 9
Dispute 26
Form 10
Guarantor 5
Remaining Infrastructure Items 17
Space Lease 8
NF/FS 17
Irregular Works 14
Forbidden Payment 25
Party 5
Parties 5
Operating Procedures 9
RAN Sharing 13
 
 

 

Regulation 26
Base Consideration for RAN Sharing 13
Considerations 15
Rent Pass-Through 15
Regularization Cost Increase Pass-Through 16
Arbitral Tribunal 26

 

CLAUSE 2 - PURPOSE

 

Clause 2.1. Space Lease. The purpose of this Agreement is the lease of spaces in the Infrastructure Items owned and/or held by Contractor, as listed in Exhibit 1, for the installation of the Equipment of Principal and its Affiliates, without resulting in a direct or indirect transfer of property and/or ownership of such Infrastructure “Space Lease”).

 

Clause 2.2. Consideration. The Space Lease provided for in this Agreement will be remunerated individually for each Infrastructure Item, according to the metrics, values and conditions set out in Exhibit 2 in and Clause 8.1, and must comply with the Operating Procedures detailed in Exhibit 3.

 

Clause 2.3. Scope of the Space Lease. The provisions in this Agreement apply only and solely to the Infrastructure Items listed in Exhibit 1, so that any agreements or other instruments entered into or that may be entered into by the Parties and/or their Affiliates and which have a purpose similar to that of the this Agreement, will remain (or will become, as the case may be) in force in accordance with their respective terms and conditions.

 

CLAUSE 3 - EXHIBITS

 

Clause 3.1. Exhibits. The following exhibits (together, the “Exhibits”) are part to this Agreement, as if they were transcribed herein:

 

3.1.1List of Exhibits:

 

a.Exhibit 1 - List of Infrastructure Items contracted;

 

b.Exhibit 2 - Consideration;

 

  c.               Exhibit 3 - Minimum Requirements for Operating Procedures (“Operating Procedures”);

 

d.Exhibit 4 - Form;

 

e.Exhibit 5 - Letter Indicating the Checking Account; and

 

f.Exhibit 6 - RAN Sharing Leases.

 

3.1.2       In the event of any divergence between the Exhibits and this Agreement, the provisions in this Agreement shall prevail.

 
 

3.1.3       The content and form of the exhibits will be kept up to date by mutual agreement between the Parties, subject to the provisions of this Agreement, provided that Contractor may update Exhibit 5 unilaterally, at its sole discretion.

 

CLAUSE 4 - SPACE LEASE

 

Clause 4.1. Right of First Refusal of Excess Space. Contractor hereby grants, in an irrevocable and irreversible manner, the right of first refusal to Principal and any of its Affiliates to lease additional space in Infrastructure Items whose Excess Space is equal to or less than five (5) square meters, in order to allow the expansion of the Equipment of Principal and/or its Affiliates already installed or for the installation of new Equipment necessary to provide the telecommunications services of Principal or its Affiliates (“Right of First Refusal of Excess Space”).

 

4.1.1       For the avoidance of doubt: (i) in the event that Contractor receives a request for New Third-Party Sharing that, if implemented, will reduce the Excess Space in any Infrastructure Item to an area equal to or less than five (5) square meters, the Right of First Refusal of Excess Space will apply to such New Third-Party Sharing, and (ii) the Right of First Refusal of Excess Space shall be exercised by Principal only once for each Infrastructure Item, upon receipt of the notification referred to in Clause 4.1.3.

 

4.1.2       If Contractor (i) exercises the Right of First Refusal of Excess Space, as established in Clause 4.1 above, or (ii) otherwise, even if not subject to the Right of First Refusal of Excess Space, requests the expansion of the respective occupied area and/or the load of the respective Equipment, the Space Lease in relation to the Excess Spaces subject matter of said exercise or expansion will be subject to the payment of the Additional Consideration related to the expansion of the space, as established in Exhibit 2. In the event of exercise of the Right of First Refusal of Excess Space, Contractor may not deny the expansion of the Space Lease of such Infrastructure Item to Principal and its Affiliates under any circumstances, except in cases where such expansion is in disagreement with the terms of this Agreement, subject, in any case, to the provisions of Clause 4.1 above.

 

4.1.3       If Contractor receives a request for a New Third-Party Sharing referring to a specific Infrastructure Item whose Excess Space is equal to or less than five (5) square meters and, therefore, is subject to the Right of First Refusal of Excess Space, Contractor must deliver a notification to Principal, for the latter to inform, within ten (10) Business Days of receipt of such notification, if Principal: (i) wishes to exercise the Right of First Refusal of Excess Space; or (ii) does not wish to exercise the Right of First Refusal of Excess Space, being agreed that the silence or the untimely sending of the notification of its right of first refusal will be interpreted as a decision not to exercise the Right of First Refusal of Excess Space.

 

4.1.4       Contractor shall guarantee the availability of Excess Spaces subject to the Right of First Refusal of Excess Space in accordance with the provisions above, provided that

(i) there is technical feasibility of the installation project in the respective Infrastructure Item; and (ii) Principal fully bears any investments of Contractor necessary for that purpose; provided that any applicable costs (including, but not limited to, the cost of structural analysis) are duly, formally and previously approved by Principal.

 
 

4.1.5       For the avoidance of doubt, Contractor will have no obligation to ensure or guarantee availability of Excess Space in Infrastructure Items in relation to which the Right of Refusal of Excess Space has already been exercised or waived pursuant to this CLAUSE 4.

 

Clause 4.2. Request Forms. New requests for expansion or reduction regarding each Infrastructure Item indicated in Exhibit 1 to this Agreement shall be agreed upon by the Parties, in writing, through a Space Lease Form (“Form”), according to the model contained in Exhibit 4 and are subject to the provisions of Clause 6.1.6 below for cases of expansion.

 

4.2.1.     For the avoidance of doubt: (i) the mere replacement of Equipment, as long as it does not represent the need to expand the respective occupied area and/or the load of the respective Equipment, shall not constitute a new request for the purposes of Clause 4.2 above, and (ii) any request by Principal that causes expansion of the respective occupied area and/or the load of the respective Equipment will be considered a new request for service purposes, and it will imply Additional Consideration under the terms of Clause

4.1.2 below and Exhibit 2.

 

4.2.2.     If Principal submits a request for expansion/Lease of Excess Space (or exercises the Right of First Refusal of Excess Space) in relation to an Infrastructure Item in relation to which, in Contractor’s reasoned understanding, there is a reasonable risk of declaring an Irreversible Situation, Contractor reserves the right to condition the acceptance of such requests and/or exercise to the assumption, by Contractor, of the obligation indicated in Clause 8.5.2.

 

Clause 4.3. Reforms and Adjustments. Principal shall design, execute, contract and inspect the reforms and adaptations necessary for the installation of its Equipment, in accordance with Contractor's criteria and specifications, with all expenses being borne exclusively by Principal, provided that these expenses do not relate to maintenance and repair of the Infrastructure Items (which will be the responsibility of Contractor).

 

Clause 4.4. Right of Retention. Upon termination of this Agreement, for any reason, Principal will not be entitled to retain or be indemnified for any improvements made to the Infrastructure Items, which will be incorporated into the Infrastructure Items and/or the land or properties on which said Infrastructure Items are located/installed, subject to the provisions of Clause 4.4.1 below.

 

4.4.1 Without prejudice to the provisions of Clause 4.4 above, at the end of the term of this Agreement, Principal shall have the right to remove the Equipment installed in the Infrastructure Items and that are exclusively owned by Principal, provided that (i) Contractor shall grant Principal access to the Infrastructure Items, without any charge or additional cost, subject to the terms and conditions provided herein, as applicable, and (ii) all costs and expenses related to the removal of Principal’s Equipment will be borne exclusively by Principal.

 

Clause 4.5. Lease Agreements. The Parties agree to be bound by the rights and obligations contained in this Agreement and shall comply, where applicable, with the terms and conditions contained in the Lease Agreements.

 
 

CLAUSE 5 - COMMON OBLIGATIONS OF THE PARTIES

 

Clause 5.1. Common Obligations. In addition to other obligations provided for in this Agreement, the Parties undertake to fulfill and comply with the following commitments, as applicable:

 

5.1.1       Communicate to the other Party, immediately after identification, any relevant abnormalities or changes detected to the Infrastructure Items and/or the Equipment of Principal and its Affiliates, as the case may be, that may affect the rights of the other Party and/or third parties, and such communications shall be in writing within twenty-four (24) hours after the verbal communication to the other Party.

 

5.1.2       Correct, within the maximum period of seventy-two (72) hours and at its own expense, any interference that may be caused by the equipment under its responsibility (including the Equipment of Principal and its Affiliates), to the systems of the other Party or third parties under this Agreement or other sharing agreements with third parties.

 

5.1.3       Maintain, when technically possible, the equipment under its responsibility (including the Equipment of Principal and its Affiliates) installed within each Infrastructure Item in separate environments and with independent access.

 

CLAUSE 6 - CONTRACTOR’S OBLIGATIONS

 

Clause 6.1. Contractor’s Obligations. Contractor’s obligations include, in addition to others provided for in this Agreement:

 

6.1.1       Provide Principal, under this Agreement (and subject to the terms of the Lease Agreements), with the Space Lease, in accordance with the procedure and term agreed between the Parties.

 

6.1.2       Grant free and unconditional access, at any time and day, twenty-four (24) hours a day, three hundred and sixty-five (365) days a year, to the Infrastructure Items in which Space is leased by Principal or its Affiliates, provided that this is permitted by the terms of the Lease Agreements, to Principal’s professionals and/or representatives, as duly identified and accredited, so that they proceed with the installation, maintenance, conservation and repair in the Equipment of Principal and its Affiliates, provided that Principal shall comply with the procedures for accessing the Infrastructure Items previously and formally informed by Contractor.

 

6.1.3Inform Principal in advance of any changes to its operating and safety procedures.

 

6.1.4       Provide Principal, within five (5) days, counted from the date of receipt of such request, with the information and documents that are in its possession and that are necessary to obtain any licenses and permits, as well as any other documents required by the applicable legislation for that purpose.

 

6.1.5       Except for corrective maintenance, Contractor shall previously communicate to Principal, within a maximum period of seventy-two (72) hours, of any interruptions in the power supply or air conditioning, due to the need of maintenance of the Infrastructure

 
 

Items, in case electricity or air conditioning have been contracted and are the responsibility of Contractor and/or its Affiliates with respect to such Infrastructure Item.

 

6.1.6       Verify, within thirty (30) days from the date of each request sent by Principal in this regard, the feasibility and technical availability of the Infrastructure Items in relation to requests that may be sent by Principal under the terms of Clause 4.2.1.

 

6.1.7       Maintain, at its expense for the entire term of this Agreement, with a first-rate insurance company, general and professional liability insurance and operating risk insurance for the Infrastructure Items subject matter of this Agreement and provide Principal, if so requested and in good faith, a copy of the respective policies contracted within thirty (30) days from the date of such request.

 

6.1.8       Be liable for the payment of any expenses resulting from fines or infractions to which it gives rise, as of the date of execution of this Agreement, for non-compliance with any laws, decrees or regulations that may affect the Infrastructure Items subject matter of this Agreement, except if (i) such expenses result from the absence of any license that is the obligation of Principal and/or its Affiliates, (ii) such expenses result from any facts, acts or omissions prior to the Closing Date; or (iii) Principal and/or its Affiliates are required to bear such expenses in accordance with this Agreement or the Sale and Purchase Agreement.

 

6.1.9       Bear, when requesting any licenses, permits, certificates and any other documents required for the execution and legalization of the facilities, equipment, works or services under its liability, including, but not limited to, the Infrastructure Items, all expenses arising from such request, as well as be liable for such request with the Governmental Authorities, except in the cases in which Principal and/or its Affiliates are required to bear such expenses and/or implement such procedures, in accordance with this Agreement or the Sale and Purchase Agreement.

 

6.1.10   Be liable for any direct damage that may be caused by its representatives, employees, workers, agents or contractors to the Equipment, assets and/or facilities of Principal and/or its Affiliates, as provided such damage is duly proven, subject to the provisions of this Agreement.

 

6.1.11   Keep Principal’s Equipment free from any radio frequency interference, under penalty of bearing all costs arising therefrom, provided, however, that nothing in this Agreement shall compel Contractor to bear any costs related to radio frequency interference caused by facts, acts, omissions or circumstances prior to the Closing Date, which shall be fully borne by Principal, provided that such costs are duly proven by Contractor through technically substantiated reports.

 

6.1.12   Correct, at its expense, within seventy-two (72) hours, counted from the date of receipt of a written notification to this end, any interferences that its equipment or third party equipment under its liability is causing to the Equipment of Principal and its Affiliates installed in the Infrastructure Items, provided that the notification indicated in this Clause must contain reasonable details of the interferences to be corrected.

 

6.1.13   Observe and comply with the Operating Procedures, as provided for in this Agreement.

 
 

6.1.14   Be liable for the execution and payment of expenses resulting from repairs for conservation and corrective and preventive maintenance of the premises, installations and other tools associated with the use of the contracted Infrastructure Items, except in the cases in which Principal and/or its Affiliates are required to bear such expenses and/or implement such procedures in accordance with this Agreement or the Sale and Purchase Agreement.

 

CLAUSE 7 - PRINCIPAL’S OBLIGATIONS

 

Clause 7.1. Principal’s Obligations. Contractor’s Obligations include, in addition to others provided for in this Agreement:

 

7.1.1       Formalize the new uses of the Infrastructure Items by means of a correctly completed Form, with the specifications, technical data, usage characteristics, installation project and other required information, pursuant to Clause 4.2 of this Agreement.

 

7.1.2       Provide all clarifications and technical information on the Space Lease and the Equipment belong to Principal and its Affiliates, which may be requested by Contractor.

 

7.1.3       Not to assign, transfer, donate, exchange, sublease, encumber, pledge as security, lend for use, negotiate or lend, at any title, the spaces leased in the Infrastructure Items subject matter of this Agreement, totally or partially, without the prior written consent of Contractor, except as set forth in Clause 13.1.

 

a.               Without prejudice to the provisions set forth above, the sharing of Equipment, access network and spectrum (“RAN Sharing”) may be performed by Principal with other telecommunications carriers, upon payment, for each Infrastructure Item with RAN Sharing, of the Base Consideration for RAN Sharing per operator, as provided in Exhibit 2 (“Base Consideration for RAN Sharing”).

 

b.               On the date hereof, Principal represents that there are fifty-four (54) Infrastructure Items with RAN Sharing leases (representing a total of sixty-five (65) cases of RAN Sharing), as listed in Exhibit 6, which are hereby considered authorized by Contractor and on which the Base Consideration for RAN Sharing will apply.

 

c.               Any additional RAN Sharing leases to be made by Principal with other telecommunications carriers will be subject to (i) Base Consideration for RAN Sharing, pursuant to Exhibit 2; and (ii) the notification procedures provided for in Clause 7.1.18.

 

7.1.4       Execute, at its expense, any works, services or facilities necessary for the use, installation and/or expansion of Equipment in the Infrastructure Items, provided that Contractor's prior written consent is obtained, accompanied by presentation and approval of the applicable technical projects, provided that if Principal does not respond within five (5) Business Days of receiving the request for approval sent under the terms above, then the works, services or facilities mentioned in the communication sent by Principal will be considered accepted for all purposes of this Agreement.

 

7.1.5       Ensure Contractor the right to inspect, by itself or by its duly accredited representatives and together with representatives or employees of Principal and/or its

 
 

Affiliates, by giving notice at least five (5) days in advance, the works, services and installations carried out or in progress, related to the use, installation and/or expansion of Equipment in the Infrastructure Items contracted, in order to check if the obligations undertaken by Principal are being fulfilled.

 

7.1.6       Maintain, at its expense and throughout the term of this Agreement, with the first- rate insurance company, general and professional liability insurance and operating risk insurance for the facilities and installed equipment held by Principal, which are allocated or located in the Infrastructure Items contracted, with adequate coverage, and provide Contractor, if so requested in good faith, with a copy of the respective policies contracted within thirty (30) days from such request.

 

7.1.7       Inform Contractor, at least seven (7) days in advance, the date, location and conditions of arrival of Equipment and other related materials to be installed, allocated and/or destined for Space Lease in the Infrastructure Items by Principal and, if applicable, its Affiliates, except in cases of need for installation or emergency use, in which case the aforementioned period of seven (7) days will be reduced, upon reasoned justification by Principal, to two (2) Business Days.

 

7.1.8       Be liable for the payment of any expenses arising from fines or infractions that it gives rise to due to noncompliance with any laws, decrees or regulations, as they may be levied on (i) its Equipment and service provided; and/or (ii) provided they are exclusively attributable to Principal, on the Infrastructure Items subject matter of this Agreement, without prejudice to the relevant rights and obligations stipulated in the Sale and Purchase Agreement.

 

7.1.9       Bear all expenses resulting from obtaining, as well as the liability for requesting from the Governmental Authorities, any licenses, permits, certifications, exemptions and any other documents required for the execution and legalization of its Equipment, installations, works and/or services that are under its liability, including, but not limited to, the Equipment of Principal and its Affiliates.

 

7.1.10   Do not put any advertising or communication materials of an institutional or marketing nature in the Infrastructure Items without the prior written authorization of Contractor.

 

7.1.11   Maintain and observe, in relation to its Equipment installed in the Infrastructure Items and throughout the term of this Agreement, all licenses, permits, exemptions and other certificates related or required for the operation of its Equipment and those of its Affiliates, as required by pertinent law, including, but not limited to, the requirements in the regulation established by ANATEL.

 

7.1.12   Require visible identification of its representatives, employees, workers, agents or contractors, in compliance with the provisions of this Agreement, to be allowed to enter and circulate at Contractor’s premises, including the Infrastructure Items.

 

7.1.13   Be liable for any direct damage that may be caused by its representatives, managers, employees, workers, agents or contractors, provided such damage is duly proven, subject to the provisions of this Agreement.

 
 

7.1.14   Observe and comply with the access and security procedures related to the premises where the Infrastructure Items and other facilities of Contractor are located.

 

7.1.15   Observe and comply with the Operating Procedures, as provided for in this Agreement.

 

7.1.16   Install, allocate and assign to (as well as allow the installation, allocation or assignment only in) the Infrastructure Items, Equipment and materials that have been duly approved and licensed by ANATEL, under the terms provided for in the applicable legislation.

 

7.1.17   Eliminate, at its expense, undue interference caused by its Equipment in the Infrastructure Items and other equipment of Contractor or third parties previously installed or allocated in the Infrastructure Items within seventy-two (72) hours counted from the receipt of a written notification from Contractor in this regard, provided that the notification provided for in this Clause must contain reasonable details of the interference to be corrected.

 

7.1.18   Notify Contractor fifteen (15) days in advance of the intention to enter into additional RAN Sharing leases and provide the applicable supporting documentation.

 

7.1.19   Be liable for any direct damage that may be caused in any of the Infrastructure Items by the telecommunications carriers that have carried out RAN Sharing with Principal and/or its Affiliates, provided they are duly proven, subject to the provisions hereof.

 

7.1.20   Be liable to Contractor for the use of Infrastructure Items by its Affiliates, in compliance with the terms and conditions established in this Agreement, and undertake to indemnify Contractor for any noncompliance by its Affiliates with the terms and conditions set forth in this Agreement.

 

Clause 7.2. Irregular Works, Installations and Services. Without prejudice to Clause 7.1.4 above, in the event that the services, facilities and/or works performed by Principal under this Agreement are in disagreement with their technical implementation projects (together, “Irregular Works”), then Contractor may request Principal that the Irregular Works be undone or redone, if said inadequacies of the Irregular Works imply any damage or imminent risk to the Infrastructure Items and/or its facilities, systems and other equipment allocated/installed there. On the other hand, if said inadequacies do not imply any damage or imminent risk to the Infrastructure Items and/or to its facilities, systems and other equipment allocated/installed there, it is hereby established that Principal, after being duly notified, will have a period of up to twenty (20) Business Days to carry out the due regularization and adaptation of the Irregular Works to their technical implementation projects.

 

7.2.1 All damages, costs and other expenses associated with the Irregular Works, as provided for in Clause 7.2 above, including those that are necessary for the undoing, redoing, adequacy and regularization of the Irregular Works, shall be the sole liability of Principal. In this regard, Principal undertakes to indemnify and keep Contractor harmless from any damage, costs and other expenses associated with the Irregular Works and that, for any reason, will be borne or incurred by Contractor and/or its Affiliates.

 
 

Clause 7.3. Indemnification of the Sale and Purchase Agreement. Nothing in the provisions of this Agreement shall impact, diminish, limit and/or impair, in any way, any of the indemnification obligations provided for in the Sale and Purchase Agreement, which will remain in full force and effect under the terms agreed therein. In addition, the terms and conditions in the Clauses of this Agreement shall not be construed, under any circumstances, as novation, modification and/or alteration of said indemnification obligations provided for in the Sale and Purchase Agreement, and any and all losses and damages incurred by Contractor pursuant to this Agreement will not be subject to the limits provided for in the Sale and Purchase Agreement, provided, however, that a loss in respect of which an indemnification will be duly paid under the terms of the Sale and Purchase Agreement, then such loss will not be indemnified again under this Agreement.

 

7.3.1 For the avoidance of doubt, and pursuant to Clause [10.2.3] of the Sale and Purchase Agreement, an Irreversible Situation may give rise to the application of the provisions of Clause 8.5 and also give rise to additional losses and damages, which will remain recoverable under the terms, limits and conditions of the Sale and Purchase Agreement.

 

CLAUSE 8 - PAYMENT AND ADJUSTMENT

 

Clause 8.1. Considerations. In consideration for the Space Lease in the Infrastructure Items, Principal shall pay Contractor the amounts specified below, without prejudice, however, to the amounts due pursuant to Exhibit 2 and other considerations expressly provided for in this Agreement (together, the “Considerations”):

 

8.1.1       Principal shall pay the Base Consideration on a monthly basis, as set out in Exhibit 2 to this Agreement, which refers to the lease and use of space in each of the Infrastructure Items. On the date of execution of this Agreement, the total amount of the Base Consideration due by Principal to Contractor is provided for in Exhibit 2.

 

a.               Principal hereby acknowledges and agrees that (i) for each Infrastructure Item, the amount due by Contractor to the counterpart of the Lease Agreement related to the Infrastructure Item in question shall be added to the amount of the Base Consideration of such Infrastructure Item, according to the amounts stipulated in Exhibit 2 (“Lease Pass- Through”), subject to the provisions of Clause 8.1.4; and (ii) for certain Infrastructure Items, Contractor shall reimburse Principal for certain expenses; in any case, as set forth in Exhibit 2, without prejudice, however, to the provisions in Clause 8.1.4 below.

 

b.               As detailed in Exhibit 2, the Base Consideration will not be affected or decreased due to any requests from Principal that imply a reduction in the respective areas occupied in each Infrastructure Item.

 

8.1.2       In addition to the Base Consideration, Principal shall pay the Additional Consideration on a monthly basis, as set forth in Exhibit 2 to this Agreement, which will be applicable for all Infrastructure Items, should this be due by Principal hereunder.

 

8.1.3       In addition to the Base Consideration and the Additional Consideration (if applicable), Principal shall pay the Base Consideration for RAN Sharing on a monthly basis, as set forth in Exhibit 2 to this Agreement, which will be due (a) in relation to all

 
 

Infrastructure Items with RAN Sharing leases made by Principal; and (b) by telecommunications operator with RAN Sharing in the Infrastructure Item, so that more than one monthly installment of Base Consideration for RAN Sharing per Infrastructure Item may be due, if Principal has performed RAN Sharing of such Infrastructure Item for more than one telecommunications operator, pursuant to Clause 7.1.3 above.

 

8.1.4       Without prejudice to the Considerations due under this Agreement, the Parties agree and covenant that the amount of Regularization Cost Increase determined in relation to one or more Infrastructure Items will be added in full to the Lease Pass-Through of the Infrastructure Item in question, provided that the Regularization Cost Increase will be fully due by Principal, without applying any type of proportion or division with any other Persons (other than Principal and/or its Affiliates) who may have valid Space Leases in relation to the Infrastructure Item in question (“Regularization Cost Increase Pass- Through”).

 

a.               Exhibit 2 provides for (i) the Infrastructure Items in which the Regularization Cost Increase Pass-Through is due on the date hereof, as well as the amount due as Regularization Cost Increase Pass-Through for such Infrastructure Items; and (ii) a merely illustrative example of the calculation of the Regularization Cost Increase Pass- Through that may be due under the terms of Clause 8.1.4 above for a given Infrastructure Item.

 

b.               The Regularization Cost Increase Pass-Through will be due (i) while the Lease Agreement for the Infrastructure Item that caused the Regularization Cost Increase Pass- Through remains in force; (ii) in full, regardless of the number of days in the month in which (y) the Infrastructure Item was actually used by Principal and/or its Affiliates; and/or (z) the Equipment of Principal and/or its Affiliates were installed, allocated or located in the Infrastructure Item in question; and (iii) even if the Space Lease has been terminated for the Infrastructure Item in question (and/or the Equipment of Principal and/or its Affiliates are no longer installed, allocated or located in such Infrastructure Item).

 

c.               Principal hereby acknowledges and agrees that the Regularization Cost Increase Pass-Through will be applied regardless of the number of Infrastructure Items that may be the object of a Regularization Cost Increase.

 

Clause 8.2. Payment of the Considerations. The Considerations related to the Infrastructure Items provided for in Exhibit 1 will be due by Principal as of the date of execution of this Agreement and, in the case of leases of additional space in the Infrastructure Items, from the first day of availability thereof, by Contractor, of the additional space leased in the Infrastructure Items.

 

8.2.1       Subject to the provisions of Clause 8.1.4 above, the Base Consideration to be paid in return for the use and Space Lease of each Infrastructure Item will be proportional to the number of days in the month in which (i) this Infrastructure Item was effectively used Principal and/or its Affiliates; and/or (ii) Equipment of Principal and/or its Affiliates were installed, allocated or located in the Infrastructure Item in question, by taking into account, for this calculation, that each month is always composed of thirty (30) consecutive days.

 
 

8.2.2       The Considerations and the prices provided for in Exhibit 2 will be adjusted every twelve (12) months or less, provided that there is no legal impediment, counted from the date of execution of this Agreement, by the positive variation of the Adjustment Index and, for the avoidance of doubt, provided that the Lease Pass-Through and the Regularization Cost Increase Pass-Through will be subject to the amount effectively due to the Counterparty in the Lease Agreement and the adjustments provided for therein.

 

8.2.3       Principal will be liable for and shall bear all Considerations due by its Affiliates under the terms of this Agreement, including those resulting from the Space Lease.

 

Clause 8.3. Tax Liability. Principal shall bear the financial burden of any Taxes that are levied or will be levied on the object of this Agreement and associated procedures, including PIS, COFINS or other Tax, contribution or charge of this nature, in accordance with the provisions of federal, state and local tax laws.

 

8.3.1 The applicable percentages or the calculated amounts of the Taxes, social contributions and charges mentioned above will be charged to Principal, together with the Considerations and other payments related to the Space Lease, so that the amounts receivable by Contractor are net of said Taxes.

 

Clause 8.4. Electricity. Principal shall contract electricity directly from the local electricity utility company or provide its own energy generators in relation to all its Equipment and/or those of its Affiliates. Contractor will be responsible for providing electricity to its tenants after the Closing Date, subject to the terms of the Clause below:

 

8.4.1 In situations in which, prior to the Closing Date, Contractor supplied electricity to other lessees of the Infrastructure Items, Contractor shall use its best efforts to make these lessees directly contract the supply of electricity. For the cases above, Contractor further undertakes to charge the other lessees of the Infrastructure Items for electricity costs related to the consumption of said lessees that were incurred directly by Principal and to reimburse such amounts to Principal. If such refund is not made, Principal is hereby authorized to offset said amount against any payments due by Principal to Contractor as a result of this Agreement.

 

Clause 8.5. Guaranteed Consideration. Without prejudice to the Considerations and other applicable payments, as provided for herein, Principal hereby acknowledges and agrees that in the event of an Irreversible Situation, the amount of the Base Consideration (added, if applicable, to the Additional Consideration as provided for in Clause 8.5.2) in relation to the Infrastructure Item(s) subject to the Irreversible Situation will be (i) divided by the total number of Infrastructure Items subject matter of this Agreement, excluding those that are the object of the Irreversible Situation (the “Remaining Infrastructure Items”), and (ii) the result of such division will be added to the value of the Base Consideration of the Remaining Infrastructure Items, so that the total amount due by Principal to Contractor remains equal to the amount that would be due if such an Irreversible Situation had not occurred (“Consideration Dilution”).

 

8.5.1       The Consideration Dilution will remain applicable until the end of this Agreement, so that Contractor will be entitled, through the Consideration Dilution, to the original economic benefit that the Infrastructure Item object of the Irreversible Situation should provide to Contractor until the final term originally contracted and adjusted hereunder.

 
 

8.5.2       In situations where the Additional Consideration is due in order to enable the Additional Space Lease under the terms of Clause 4.2.2 above, then the Additional Consideration will be added to the Base Consideration for purposes of Consideration Dilution.

 

8.5.3       Exhibit 2 contains an example of a hypothetical calculation for the application of the Consideration Dilution.

 

8.5.4       Principal hereby acknowledges and agrees that (i) the Consideration Dilution will be applied regardless of the number of Infrastructure Items that may be the subject of an Irreversible Situation, (ii) the application of the Consideration Dilution was agreed between the Parties so as to fully allocate the risk of an Irreversible Situation to Principal, and (iii) the Consideration Dilution was an essential element for Buyer to enter into with Principal and its Affiliates the Sale and Purchase Agreement, by means of which Buyer indirectly acquired the Infrastructure Items of Contractor and its Affiliates.

 

CLAUSE 9 - BILLING

 

Clause 9.1. Infrastructure Billing Statement. Until the first (1st) Business Day of each month, Contractor shall send to Principal, an electronic spreadsheet called “Infrastructure Billing Statement” in order for Principal to check and verify the leased/shared Infrastructure Items and the financial amount related to the Consideration due for the previous calendar month. Principal shall (a) confirm its agreement with the “Infrastructure Billing Statement” for that month; or (b) provide its comments and/or present its disagreements with the “Infrastructure Billing Statement” for that month, provided that Principal does so within fifteen (15) days after receiving such “Infrastructure Billing Statement”. The absence of a Principal’s statement within the period provided for above will be interpreted as Principal’s agreement in relation to all aspects of said “Infrastructure Billing Statement” for that month, subject to the provisions of Clause 8.2.2 above.

 

Clause 9.2. Payment Date. Subject to the provisions of Clause 8.1.4b above, the payment of the Considerations shall be made to Contractor until the due date indicated in the respective bills and/or invoices issued by Contractor (“NF/FS”), which shall be issued and sent to Principal at least ten (10) days in advance of the due date, subject to the provisions of Clause 9.2.1.

 

9.2.1       In the event that Principal and/or its Affiliates lease space in more than one hundred (100) Infrastructure Items contracted, the NF/FS shall be issued and sent to Contractor at least fifteen (15) days in advance of their due dates.

 

9.2.2       Contractor may assign the credit rights related to this Agreement on a fiduciary basis, including those arising from the Considerations, regardless of Principal’s prior or later approval or consent. In the event of a fiduciary assignment of credit rights related to this Agreement by Contractor, Principal undertakes to make the payments due only in the bank account to be indicated in writing by Contractor in accordance with the letter that forms part of this Agreement according to the model contained in Exhibit 5.

 
 

9.2.3       If the term mentioned in Clause 9.2 or, if applicable, Clause 9.2.1, is not met, or even if the NF/FS and other collection documents present any errors and/or missing information as required by law or by this Agreement, then the Parties agree that the due dates indicated in the corresponding NF/FS will automatically be extended by the same number of days that the delivery of such NF/FS and other applicable collection documents was delayed, without any penalty on Principal.

 

CLAUSE 10 - PENALTIES

 

Clause 10.1. Default by Principal. The Parties agree and covenant, without prejudice to the rights granted to Contractor in Clause 11.1 below, that any breach by Principal of its obligations provided for in this Agreement (including the non-payment of the Considerations on the due dates indicated in the respective NF/FS, as provided for in CLAUSE 9 above) will give rise to the following penalties, regardless of any prior notice or communication and without prejudice to any applicable losses and damages:

 

Default fine of two percent (2%) on the amount due to charged only once as of the day following the due date, without prejudice to the obligation to pay the full arrears;

 

Late-payment interest of one percent (1%) per month on the overdue amount, calculated pro rata die, accrued from the day after the due date until the date of the actual settlement of the debt; and

 

10.1.3 Adjustment for inflation calculated by the variation in the Adjustment Index, determined from the day after the due date until the date of the actual settlement of the debt.

 

Clause 10.2. Exclusive Fault - Contractor. During the term of this Agreement, if, due to Contractor's sole fault, (thus excluding facts attributed exclusively to third parties, including, but not limited to, Principal, its Affiliates, electricity utility companies and lessors in the Lease Agreements or beyond its control), Principal will be unable to access or use the spaces leased under the Space Lease of any of the Infrastructure Items in the manner provided for in this Agreement, and this affects or jeopardizes the quality and continuity of the services provided by Contractor, for a period longer than seventy-two

(72) hours counted from the receipt of the notification sent by the Contractor in this sense, then Contractor will be required to pay a daily fine in the amount corresponding to the amount equivalent to 1/30 of the Considerations due by Principal in consideration for the Space Lease in the Infrastructure Item affected, limited to thirty (30) days. The fine mentioned in this Clause will not be due if the impossibility of using or accessing the Infrastructure Items results from (i) the terms of the Lease Agreements in force, (ii) an act, fact or omission that occurred prior to the Closing Date (including the Irregularities of the Sites, as defined in the Sale and Purchase Agreement), (iii) an Irreversible Situation,

(iv) unforeseeable circumstances or force majeure, under the terms of the applicable legislation.

 

CLAUSE 11 - TOTAL OR PARTIAL TERMINATION OF THE AGREEMENT

Clause 11.1.Termination. This Agreement may only be terminated, in its entirety or in relation to one or more Infrastructure Items, in the following cases: (i) proven noncompliance with the Parties’ obligations, as set forth in Clause 11.1.1 below, or (ii) as set forth in Clause 11.1.3 below.

 
 

11.1.1   In the event of material breach of this Agreement by either Party, the innocent Party may terminate this Agreement, by operation of law, in relation to the Infrastructure Item(s) object hereof and/or that is/are affected by the default, by simple notification in writing to the defaulting Party, provided that such default is not remedied by the defaulting Party within sixty (60) days from the date of the notification sent by the innocent Party (as provided for in CLAUSE 18) of the noncompliance in question, without prejudice to the Parties initiating the relevant procedure under Clause 20.3 below.

 

11.1.2   The Parties hereby acknowledge and agree that, except for Overload Irregularities not remedied by Contractor within twelve (12) months from the Closing Date (as defined and regulated in Clause 10.4 of the Sale and Purchase Agreement) that results in a breach of this Agreement, no event arising from an act, fact or omission occurring prior to the Closing Date (including the Irregularities of the Sites, as defined in the Sale and Purchase Agreement or an Irreversible Situation) may be used to characterize a breach of this Agreement.

 

11.1.3   This Agreement may also be terminated in its entirety by operation of law and without prejudice to compensation for any losses and damages to the innocent Party in the following cases:

 

a.               By Contractor, at its sole discretion, (i) in the event of adjudication of bankruptcy or even dissolution or liquidation of Principal, while Principal is Oi Móvel S.A. or any of its Affiliates, or (ii) in the event of adjudication of bankruptcy, a request for judicial or extrajudicial reorganization (except for Oi Judicial Reorganization currently underway), or even dissolution or liquidation of Contractor (in case Contractor ceases to be Oi Móvel

S.A. or any of its Affiliates);

 

b.               by Principal, at its sole discretion, in the event of adjudication of bankruptcy, request for judicial or extrajudicial reorganization, or yet dissolution or liquidation of Contractor;

 

c.by a judicial or arbitration decision that became final and unappealable;

 

d.               by the innocent Party, in the event of an attempt to assign this Agreement without the consent of the other Parties, subject to the provisions of Clause 13.1 hereof.

 

11.1.4   This Agreement may also be terminated by operation of law and without prejudice to compensation for losses and damages to the innocent Party, in relation to one or more Infrastructure Items, in the following cases:

 

a. by Contractor, in relation to a given Infrastructure Item, in the event of (i) termination of the respective Lease Agreement that has not been caused by Contractor’s contractual breach, or (ii) definitive expiration of the term of the Lease Agreement for the Infrastructure Item in question;

 

a.               by Contractor, in relation to a given Infrastructure Item, if an Irreversible Situation is configured in such Infrastructure Item, provided that the exercise of the right of termination in relation to said Infrastructure Item will not remove or otherwise affect the Consideration Dilution; and/or

 
 

b.               by Principal, in case the interference described in Clause 6.1.11 is not remedied within fifteen (15) Business Days of the notification in this sense sent to Contractor.

 

11.1.5   If this Agreement is terminated in its entirety or in relation to one or more Infrastructure Items due to Contractor's sole fault, the payment by Principal will not be due regarding any Consideration that would be due until the original expiration date provided for in Clause 17.1 of this Agreement, in which case the payment of any amounts referring to the period in which the lease and effective use of the space leased pursuant to this Agreement took place and which have not yet been paid.

 

11.1.6   When the termination affects only part of the Infrastructure Items covered by this Agreement, without compromising the maintenance of the legal relationship under the terms set forth herein in relation to the other Infrastructure Items, the effects of such termination will be partial, and the Agreement will remain valid and effective, where applicable, for the other Infrastructure Items not affected by the assumptions described above.

 

11.1.7   If Contractor becomes aware that an Infrastructure Item is at risk of being extinguished, Contractor shall notify Principal to jointly discuss the possibility of reallocating Principal’s Equipment to another telecommunications site. Principal may, at its sole discretion, choose whether or not to relocate and, if the Parties agree upon such relocation, the terms and conditions of this Agreement will apply to the new site, by completing and signing a Form under the terms set forth herein, mutatis mutandis.

 

CLAUSE 12 - MISCELLANEOUS

 

Clause 12.1. Entire Agreement. This Agreement revokes and fully replaces any instruments previously executed between the Parties with the same purpose contracted exclusively in relation to the Infrastructure Items indicated in Exhibit 1 hereto, it being agreed that all agreements previously executed by the Parties or by the Parties and their Affiliates having as purpose other sites or infrastructure items will remain in full force and effect in accordance with their terms and conditions.

 

Clause 12.2. Waiver. Any tolerance and/or non-exercise, by either Party, of the its right or faculty by operation of this Agreement, or any agreement with any delay in fulfilling the obligations of the other Party, will not affect those rights or faculties that may be exercised, at any time, at the sole discretion of the Party that owns them, nor will it change the conditions set out in this Agreement, therefore not configuring novation.

 

Clause 12.3. Damage. Provided their fault and/or intent is proven, each Party will be exclusively and fully liable for compensation of any direct damages caused to the another Party, except in the event of Force Majeure or Acts of God, pursuant to article 393, sole paragraph, of the Civil Code. Neither Party will be liable to the other Party for any indirect damages, moral damages, lost profits, loss of business opportunity or commercial failures of the other Party.

 

12.3.1   Without prejudice to the foregoing, the Party that causes any damage, and its fault and/or intent is proven, to the facilities and Equipment of the other Party or third parties, including in the pre-installation, installation, operation and decommissioning phases, will

 
 

be solely and fully liable for compensation of such damages, limited to the replacement value of the equipment and facilities actually damaged, not being responsible for any other damage, loss or value.

 

12.3.2   The provisions in this Clause shall not impact, diminish, limit and/or impair, in any way, any of the indemnification obligations provided for in the Sale and Purchase Agreement, which remain in full force and effect under the terms agreed therein, nor shall they be interpreted, in any event, as novation, modification and/or alteration of said indemnification obligations provided for in the and Sale and Purchase Agreement.

 

Clause 12.4. Acts of God and Force Majeure. Acts of God or Force Majeure events shall be exempt from liability pursuant to Article 393 of the Civil Code.

 

12.4.1   The Party affected by an Act of God or Force Majeure shall immediately notify the other Party of the occurrence of the fact in question and the estimated period during which such Party will be unable to comply with or be required to delay the performance of its obligations under this Agreement.

 

12.4.2   Once the effects of Act of God or Force Majeure event have ceased, the affected Party shall immediately notify the other Party of this fact, restoring the original situation.

 

12.4.3   If the occurrence of an Act of God or Force Majeure only partially impairs the performance of any obligations under this Agreement by one of the Parties, the affected Party shall fulfill the obligations that have not been affected by the occurrence of such Act of God or Force Majeure.

 

Clause 12.5. Employer Liability Each Party is fully liable as the sole employer, and must therefore fulfill all its social and labor obligations, including salaries, social benefits, bonuses, social and social security charges, severance payments and indemnities and any other labor rights, as well as other expenses such as daily allowances, transportation, accommodation and meals for its employees or agents, with no jointly and several liability existing between the Parties in respect thereof.

 

Clause 12.6. Access Procedure. Without prejudice to the provisions of Clause 7.2 above, if the services, installations and/or works performed by Principal are proven to imply disobedience to the procedures for accessing Contractor’s premises, to be previously and formally informed, or yet if they violate the security of persons or property of Contractor and/or third parties, then Contractor may order to undo, redo or suspend such services, installations or works, provided that, under no circumstances, Contractor’s lack of inspection or pronouncement will relieve Principal from its responsibilities.

 

Clause 12.7. Planning and Execution The Parties will be responsible for planning and executing all activities that, by means of this Agreement or normative decisions of the competent Governmental Authority, are imposed on them, in order to properly protect the workers and/or employees of both Parties and/or against accidents, as well as to prevent damage to the property of the Parties and/or third parties.

 

Clause 12.8. Repairs Requests for any repairs covered under this Agreement must be included in the Operating Procedures and must be forwarded to Contractor through the procedures set out in Exhibit 3.

 
 

Clause 12.9. Notices. Notices, notifications, reports and other communications related to this Agreement shall be, unless specifically and expressly provided otherwise herein, made in writing and submitted in person, or sent by mail and/or e-mail, with proof of receipt, to the addresses and recipients provided for below, subject to the rules set out in Clause 18.1, et seq:

 

If to Contractor:

 

[=]

 

If to Principal:

 

[=]

 

Clause 12.10. Other Contracting. The provision of any other services using the Infrastructure Items described in Exhibit 1 of this Agreement will be carried out by executing a specific agreement between the Parties, in compliance with the rules in force for the intended services.

 

Clause 12.11. Liability The Parties agree that Contractor shall not be liable for any interruption in the supply of electricity related to the Space Leases subject matter of this Agreement, which is the liability of the electricity utility company or supplier.

 

12.11.1       In any event, Contractor will not be liable for any interruption in the supply of electricity for the Space Leases in case of preventive maintenance previously informed to Principal, or in case of any interruption due to failures of the utility company responsible for supplying electricity for the Infrastructure Items.

 

Clause 12.12. The Parties represent that compliance with the quality parameters and obligations associated with the concessions, permissions or authorizations granted by the granting authority for the provision of the respective telecommunications services by Principal must not be compromised by the obligations agreed upon herein, always subject to the principles of strict good faith.

 

Clause 12.13. Atypical Relationship The Parties acknowledge that, for the regulation of this Agreement, the conditions freely agreed upon between the Parties herein will prevail, and the Parties expressly and irrevocably recognize that (i) the contractual review intended to reduce the price related to the monthly use of each Infrastructure Item established will not be allowed during the term of this Instrument; (ii) the renewal of this Agreement may take place under the terms of Clause 17.1.1 below. For all legal purposes, exclusively with regard to the provisions of items “(i)” and “(ii)” of this Clause, the Parties acknowledge that this leasing relationship will be considered atypical and the events of termination of this Agreement will be only those set forth in CLAUSE 11 above.

 

Clause 12.14. Guarantee: Guarantor enters into this Agreement as guarantor, joint and several debtor and principal payer of all obligations undertaken by Principal under this Agreement, and grant a personal guarantee in the form of a suretyship in favor of Contractor.

 
 

12.14.1                    Guarantor’s obligations undertaken herein will not be affected by any acts or omissions that could exempt Guarantor from its obligations or affect them, including, but not limited due to: (a) any extension of term or agreement between the Parties; (b) any novation or non-exercise of any right of Contractor; and (c) any limitation or disability, including arising from a request for extrajudicial reorganization, a request for judicial reorganization, intervention or bankruptcy.

 

12.14.2                    Guarantor expressly waives, in an irrevocable and irreversible manner, the benefits of order, division, rights and exemption powers of any nature provided for in articles 333, sole paragraph, 365, 366, 368, 821, 824, 827, 834, 835, 837, 838 and 839, all of the Civil Code, and articles 130 and 794 of the Brazilian Code of Civil Procedure.

 

12.14.3                    Guarantor hereby expressly waives the right to subrogate to the Contractor’s credit rights, if it will honor, in whole or in part, the Principal’s obligation under this Agreement.

 

12.14.4                    This suretyship is provided by Guarantor on an irrevocable and irreversible basis, and it will enter into force on the date of execution of this Agreement, remaining valid in all its terms until full payment of all the obligations guaranteed by it hereunder and in accordance with Article 818 of the Civil Code.

 

12.14.5                    Guarantor hereby acknowledges that the suretyship is provided for a term of two hundred and forty (240) months, which may be extended for another two hundred and forty (240) months in the event of beginning of foreclosure of the guarantees and therefore, article 835 of the Civil Code shall not apply.

 

12.14.6                    In view of the suretyship provided herein, Principal undertakes to file this Agreement and any amendments thereto with the competent Titles and Documents Registry Offices within five (5) Business Days from the date of execution of this Agreement or within five (5) Business Days from the date of any such amendments, as the case may be.

 

Clause 12.15. Merger of Principal. Subject to the provisions of Clause 13.1.1 below, no provision in this Agreement shall be interpreted or construed as a limitation, express or implied, to a company merger, pursuant to article 223 of Law 6,404 of 1976, of Principal by Guarantor, provided that after the conclusion of such merger, all obligations of Principal under this Agreement will be succeeded by Guarantor.

 

CLAUSE 13 - ASSIGNMENT, TRANSFER AND SUBROGATION

 

Clause 13.1. Assignment, Transfer and Subrogation Except as provided for in this Agreement, neither Party may assign or otherwise transfer, in whole or in part, this Agreement or any rights arising therefrom without the prior and express written consent of the other Party. However, regardless of prior or subsequent approval, upon mere notification, the assignment and/or transfer of the Agreement will be permitted to Affiliates, subject, in any event, to the applicable regulations, provided that (i) the assignee company has sufficient capacity to honor the obligations provided for in this Agreement, and (ii) assignor and assignee remain jointly and severally liable for complying with the obligations provided for herein, except in the event provided for in Clause 13.1.1 below.

 
 

13.1.1   The Parties acknowledge and agree that, in the event of a contribution by Principal of all or a substantial part of its mobile telephony assets to the share capital of other entity or entities to be subsequently sold as an isolated production unit, or otherwise of a transfer of said assets in preparation for sale thereof as an isolated production unit: (i) this Agreement shall form part of said isolated production unit and be assigned to the entity or entities that will receive part or all of Principal’s mobile telephony assets, and (ii) upon conclusion of the sale of said entity or entities to a third party, as an isolated production unit, the obligations undertaken by Guarantor in this Agreement will be automatically extinguished.

 

13.1.2   The Parties agree that, in any case of change of Control, directly or indirectly, of Contractor or of Principal, this Agreement will remain in full force, especially regarding the obligations of Principal related to the Space Leases in the Infrastructure Items and to pay the Consideration and other amounts due under this Agreement, as well as regarding Contractor's obligation to lease spaces in the Infrastructure Items to Principal hereunder, including in the event that a change in Control arises from an eventual exclusion by guarantee creditors of Contractor's shares, provided that Contractor continues to have sufficient capacity to honor its obligations as provided for herein.

 

13.1.3This Agreement binds the Parties for themselves and by their successors.

 

13.1.4   In case of transfer of Principal’s grant for the provision of telecommunications services, the succeeding entity is subrogated in all rights and obligations undertaken in this Agreement.

 

CLAUSE 14 - ASSIGNMENT OF CREDIT RIGHTS

 

Clause 14.1. Assignment of Credit Principal is fully aware of and agrees that Contractor may raise, in the financial and/or capital market, funds by assigning its credit rights arising from the Space Lease subject matter of this Agreement, in accordance with the provisions of article 286 of the Civil Code, provided that Contractor remains the unquestionable holder of the other rights and all obligations undertaken under this Agreement.

 

CLAUSE 15 - CONFIDENTIALITY

 

Clause 15.1. Confidentiality. As of the date hereof and for a period of two (2) years from the date on which this Agreement is no longer in force for any reason, the Parties undertake to keep the secrecy and restricted the use to the performance of this Agreement of all information related to technical, operating, commercial, legal and financial aspects of the other Parties to which they have access as a result of the performance of this Agreement.

 

15.1.1   The confidentiality obligations set out above will not apply to any information disclosed by the disclosing Party, provided that such information:

 

a.               is made available to the general public or has become, after its disclosure, part of the public domain through publication or by any other means, without any fault by the receiving Party in respect thereto;

 
 

b.               becomes public domain, after receipt thereof by the receiving Party, for reasons not attributable to the receiving Party’s actions or omissions;

 

c.               was already known to the receiving Party prior to its disclosure by the disclosing Party, and therefore it has not been acquired, directly or indirectly, from the disclosing Party and/or any third party that is under no obligation of confidentiality to the disclosing Party;

 

d.               was acquired, after disclosure thereof, in good faith, without any restriction of confidentiality, from a third party that is not bound by any confidentiality provision with the disclosing Party;

 

e.               is no longer treated as confidential by the disclosing Party, as so communicated in writing by the disclosing Party; and/or

 

f.                is required from the receiving Party by a Governmental Authority or any self- regulatory entity having jurisdiction over the Party (including, for the avoidance of doubt, any requests for information in the scope of due diligence, inspections or verifications carried out in the ordinary course of business, having as scope the activities and businesses of said Party), limited, in any case, to what is strictly necessary, provided that the receiving Party informs the disclosing Party in advance or immediately, if possible , of the need for such disclosure, so that the disclosing Party can take the applicable measures with the applicable Governmental Authority (or self-regulatory entity) that prevent disclosure of such information.

 

15.1.2   The Confidential Information related to this Agreement may be disclosed to Affiliates of the Parties and/or to investors, co-investors, creditors, potential buyers and managers of the Parties, to the strict extent of their need and provided that they are also previously required to guarantee the confidentiality of the information disclosed.

 

15.1.3   Contractor is hereby authorized to make a copy of this instrument available to financial institutions that participate in the fiduciary assignment process of credit rights, as set out in Clause 9.2.2, provided that the aforementioned financial institutions undertake to guarantee the confidentiality of this Agreement under the terms hereof.

 

CLAUSE 16 - INDEPENDENT PARTIES

 

Clause 16.1. Independence. This Agreement will not create, under any circumstances, a partnership or commercial agency relationship between the Parties, or any relationship other than the lease agreed herein, and each Party is solely liable for its acts and obligations.

 

Clause 16.2. Relationship. Nothing in this Agreement may be interpreted so as to create

(i) any corporate relationship between Contractor and Principal, and/or (ii) any employment relationship between the Parties or between a Party and the employees and contractors of the other Party.

 

CLAUSE 17 - TERM

 
 

Clause 17.1. Term of Effectiveness The Agreement shall become effective as of its execution date and shall remain in force for a period of fifteen (15) years.

 

17.1.1 The term of this Agreement shall be renewed automatically and successively for equal periods of twenty-four (24) months, except when otherwise notified by any of the Parties, in writing, at least sixty (60) days prior to the expiration of such term or of its successive renewals.

 

CLAUSE 18 - NOTIFICATIONS

 

Clause 18.1. Notification Rules. Any notices, notifications, reports and other communications related to this Agreement shall, unless specifically and expressly provided for in this Agreement, be made in writing and delivered in person or sent by mail, return receipt requested, being considered received on the date of delivery to such recipients, according to the addresses provided for in Clause 12.9.

 

Clause 18.2. Deadline. Communications between the Parties shall always be in writing and when verbal, for practical or urgent reasons, they must be confirmed in writing within five (5) days.

 

Clause 18.3. Change of Address. Each Party, through its legal representative, may designate, by letter sent to the other Party, new contacts and new addresses to replace those designated in Clause 12.9 above.

 

Clause 18.4. Effect. The notifications or communications referred to in this Clause, unless expressly provided otherwise in this Agreement, shall be deemed received, thus taking their effects on the date on which they are effectively and provenly received by their recipients, regardless of the date of dispatch by the sending Party or actual knowledge thereof by the receiving Party.

 

CLAUSE 19 - ANTI-CORRUPTION REPRESENTATIONS AND WARRANTIES

 

Clause 19.1. Representations and Warranties. The Parties hereby represent to be aware of and to understand the terms of the Brazilian anti-corruption laws or of any other laws applicable to the purpose hereof, particularly the Foreign Corrupt Practices Act, - Act, 15

U.S.C. Paragraphs 78dd-1 et seq. - (“FCPA”) of the United States of America (“Anti- Corruption Rules”), and undertake to abstain from any activity that may constitute a violation of the provisions of such Anti-Corruption Rules.

 

19.1.1   Forbidden Payments. The Parties, on their behalf and on behalf of their Affiliates, managers, officers, employees and agents, and any other Persons who may act on their behalf, undertake to conduct their commercial practices during the term of this Agreement in an ethical manner and in accordance with the applicable legal precepts. Upon performance of this Agreement, neither Party or their Affiliates nor any of their officers, employees, agents and any other Persons acting on their behalf shall give, offer, pay, promise to pay or authorize the payment, whether directly or indirectly, of any money or any valuable thing to any Governmental Authority, consultant, representative, partner or any other third party with the purposes of influencing any act or decision of any

 
 

Governmental Authority, or to assure any undue advantage, or to direct the businesses to any Person and/or which violates the Anti-Corruption Rules (“Forbidden Payment”).

 

a.               a Forbidden Payment does not include the payment of reasonable expenses incurred in good-faith, such as, for example, travel and hotel expenses, which are directly related to the promotion, explanation, demonstration or to products and services, or to performance of an agreement with a government or its agencies, provided that the payment is permitted by the applicable laws.

 

b.               upon prior notice, each Party agrees that the other Party will have the right to carry out a due diligence procedure solely to ensure continued compliance with the representations and warranties provided by each Party in Clause 19.1.2 below. Each Party must fully cooperate in any due diligence carried out under this item.

 

19.1.2   Additional Representations. For the purposes of this Clause, each Party represents that:

 

a.it has not violated or is in violation of the Anti-Corruption Rules;

 

b.               it has already implemented or undertakes to implement, during the term hereof, a compliance and training program reasonably efficient to prevent and detect violations of the Anti-Corruption Rules and the requirements set forth in this Clause; and

 

c.               it is aware that any activity in violation of the Anti-Corruption Rules is prohibited and is aware of the possible consequences of such violation.

 

d.               any breach of the Anti-Corruption Rules by any Party, in any of its aspects, will entail an obligation on the offending Party to pay the innocent Party for any direct losses and damages that the offending Party may cause.

 

CLAUSE 20 - LAW AND CONFLICT RESOLUTION

 

Clause 20.1. Specific Performance; Enforceable Instrument. Each Party acknowledges that the remedies provided by law for non-compliance or threat of non-compliance with this Agreement may be inappropriate and, in acknowledging this fact, the Parties will have the right, without the need to provide security and in addition to any other remedies that may be available, to seek relief in the form of specific performance of their mandatory injunctions and/or obligations to pay, temporary restrictive measures, temporary or permanent remedy that may be available under the terms of articles 294 to 311, 497 et. seq. of Brazilian Code of Civil Procedure. Specific performance will not, under any circumstances, be limited and/or impaired by any provision of this Agreement. Each Party further agrees that this Agreement, which is duly signed by two (2) witnesses, is an extrajudicial enforceable instrument for the purposes of Article 784, III, of the Brazilian Code of Civil Procedure.

 

Clause 20.2. Applicable Law. This Agreement shall be governed by and construed pursuant according to the laws of the Federative Republic of Brazil.

 

Clause 20.3. Arbitration. Any disputes arising from this Agreement or otherwise related to it, including as to its existence, validity, effectiveness, interpretation of its terms,

 
 

conditions, execution or termination (“Dispute”) shall be resolved by arbitration as provided for in this Clause 20.3 (“Arbitration”).

 

20.3.1   The Parties agree that, before initiating Arbitration to resolve any Dispute, they shall attempt to negotiate an amicable settlement agreement for such Dispute, within a period not exceeding fifteen (15) Business Days after receipt by a Party of notification of the existence of such Dispute, as sent by the other Party. The Parties agree that their obligation to resolve any Disputes amicably is an ancillary obligation that does not preclude the immediate initiation of Arbitration at any time, at the sole and discretionary criteria of either Party.

 

20.3.2   At the end of this period or if, at the discretion of either Party, it is impossible to reach an amicable solution, the Interested Party may submit the Dispute to Arbitration before the International Chamber of Commerce (ICC) Arbitration Chamber (“Chamber”), in accordance with its arbitration regulation (“Regulation”) in force on the request date for the establishment of Arbitration, with the exception of the changes provided for herein.

 

20.3.3   The Arbitration will be conducted by three (3) arbitrators (“Arbitral Tribunal”), one nominated by the requesting party and the other nominated by the requested party, in accordance with the Regulations. If there is more than one requesting party and/or more than one requested party, then the requesting parties and/or requested parties must together indicate their respective arbitrator. In the absence of agreement between the requesting parties or requested parties to indicate their respective co-arbitrator, all arbitrators must be appointed by the Chamber. The two arbitrators thus appointed shall nominate, by mutual agreement, the third arbitrator, who will act as president of the Arbitral Tribunal, within the term provided for in the Regulations. If any of the three arbitrators is not appointed within this period, then the Chamber shall appoint them, as provided for in the Regulation. Any and all controversies regarding the appointment of arbitrators by the parties, as well as the choice of the third arbitrator, will be settled by the Chamber. The Parties, by mutual agreement, remove the application of the provisions in the Regulation that limit the choice of a sole arbitrator, co-arbitrator or president of the arbitral tribunal to the list of arbitrators of the Chamber.

 

20.3.4   The Arbitration will be based in the City of São Paulo, State of São Paulo, Brazil, where the arbitration award will be issued, and it will be conducted in the Portuguese language. The Arbitral Tribunal shall judge the merits of the Dispute in accordance with Brazilian law and shall not judge by equity.

 

20.3.5   Any order, decision, determination or award handed down by the Arbitral Tribunal will be final and binding on the parties and their successors, who expressly waive any appeal. The arbitral award may be enforced before any judicial authority with jurisdiction over the parties and/or their assets.

 

20.3.6   Each party will bear the costs and expenses that it causes in the course of the Arbitration and the Parties will share equally the costs and expenses whose cause cannot be attributed to one of them. The arbitral award will assign to the losing party, or to both parties to the extent that their claims are not upheld, the final liability for the cost of the proceeding, including the reimbursement of attorneys’ and other advisers’ fees of

 
 

reasonable value. The arbitration award shall not impose the payment of attorneys’ fees due to loss of suit.

 

20.3.7   The parties choose the jurisdiction of the central courts of São Paulo, State of São Paulo, Brazil, to settle any issues arising out of this Agreement, and waive any other, however privileged, for the exclusive purposes of obtaining urgent relief to protect or safeguard their rights prior to the establishment of the Arbitral Tribunal, without this being considered a waiver of Arbitration. Any measure granted by the Judiciary Branch shall be promptly notified by the party that requested such measure to the Chamber. The Arbitral Tribunal, once constituted, may review, maintain or revoke the measures granted by the Judiciary Branch.

 

20.3.8   The parties agree that all aspects related to Arbitration, including its own existence, must be kept confidential. All its elements (including, but not limited to, the Parties’ allegations, evidence, reports and other statements of third parties and any other documents presented or exchanged in the course of the arbitration proceeding) will only be disclosed to the Arbitral Tribunal, to the parties, their lawyers, Chamber officials, and any person needed to develop the Arbitration, unless disclosure is required to comply with any obligations imposed by applicable law, or by any Governmental Authority.

 

20.3.9   Any and all disputes related to the confidentiality obligation will be settled in a final and binding manner by the Arbitral Tribunal, which may take any measure to safeguard the confidentiality of the arbitration procedure, or any other matter related to Arbitration.

 

20.3.10                    In the event that two or more disputes arise in relation to this Agreement, or in any way related to it, its resolution may occur through a single arbitration proceeding, pursuant to the Regulation. Before the constitution of the Arbitral Tribunal, the Chamber will be responsible for consolidating the referred disputes in a single arbitral procedure, in accordance with the Regulation. After the constitution of the Arbitral Tribunal, in order to facilitate the resolution of related disputes, the Arbitral Tribunal may, at the request of one of the parties, consolidate the arbitration procedure with any other pending arbitration procedure that involves the resolution of disputes arising from this Agreement, or otherwise related to it. The Arbitral Tribunal shall consolidate the procedures, provided that (i) they involve the same parties; (ii) there are factual and/or legal issues that are common between them; and (iii) the consolidation in these circumstances does not result in losses arising from unjustified delays in resolving such disputes. The jurisdiction to determine the consolidation of procedures and conduct the consolidated procedure will be the first arbitral tribunal constituted. The consolidation decision will be final and binding on all parties involved in the disputes and arbitration procedures object of the consolidation order.

 

20.3.11                     Guarantor is expressly bound by this arbitration clause for all legal purposes.

 

IN WITNESS WHEREOF, the Parties executed this Agreement in two (2) counterparts of equal content and form, in the presence of two (2) undersigned witnesses, for all legal purposes.

[Place], [date]. [SIGNATURES]

*-*-*

 
 

 


Sharing Agreement

 

Exhibit 1 - Infrastructure Items


 

 

 

 
 

 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

DocuSign Envelope ID: C6090006-247A-471C-86A1-B1FF4A9F9929

 

 

 
 

DocuSign Envelope ID: C6090006-247A-471C-86A1-B1FF4A9F9929

 

 

 
 

DocuSign Envelope ID: C6090006-247A-471C-86A1-B1FF4A9F9929

 

 

 
 

 

 

 


EXHIBIT 3 - OPERATIONAL PROCEDURES FOR USE AND ACCESS TO AREAS

 

1.                       Installation and increase or change of space occupied in the Infrastructure Items and/or Areas of the Contractor or owners of the properties in which the Infrastructure Items are located

 

1.1                    For any request to install or increase the space occupied, or to be occupied, in the Infrastructure Items and/or Areas and/or to make physical changes at the Site, the CONTRACTING PARTY shall send the CONTRACTOR a request with the details of the respective technical project (the “Project”).

 

The implementation of security items by the Contracting Party, aiming to protect its assets installed on the sites, such as cages, locks and cable protections, are not additional occupations. Thus, they do not need to go through the process of prior approval by the Contractor, and the Contracting Party shall inform the Contractor, except for those devices that, in some way, may hinder or restrict access.

 

1.2                    The CONTRACTOR shall review the Project within thirty (30) days of its receipt, and may (i) approve the Project as presented, (ii) propose changes to the Project, or (iii) reject the Project, upon written explanation of the rejection. In no event shall the Project be unreasonably denied.

 

1.3The CONTRACTOR shall make available:
 
 

(i)                                 Ground connection point with excess cable at the base of the container or rack, if and only if the grounding system is owned or controlled by the CONTRACTOR.

 

(ii)Space in the tower, as agreed.

 

(iii)                            Authorization for the CONTRACTING PARTY and its personnel to perform the installation of its equipment.

 

1.4The CONTRACTING PARTY shall make available:

 

(i)                                 List of companies and authorized persons (“Authorized Personnel”) who will work at the installation upon two (2) days prior notice. Access to the Site may not be denied in the event that it is necessary to comply with the rules set forth by the Regulatory Entities. Any other access without the due notice may be denied by the CONTRACTOR, provided that it is justified.

 

(ii)Installation project to be approved by the CONTRACTOR, according to items

1.1 and 1.2.

 

(iii)                            Determination of a person of the CONTRACTING PARTY responsible for the coordination of the installation, and provide his/her contact details to the CONTRACTOR.

 

(iv)All the PPE needed for its activities

 

1.5                    Obligations in increasing the space occupied in the Infrastructure Items and/or Areas:

 

1.5.1               Any installation that requires any increase in the Infrastructure Items shall be done by the CONTRACTOR, including, but not limited to, the Antenna Supports associated with the tower structure.

 

1.5.2               The CONTRACTING PARTY shall designate a person as the technical responsible for the work who will be responsible for the acts of the Authorized Personnel and coordinate the installations with the CONTRACTOR.

 

1.5.3               The CONTRACTING PARTY is responsible for the removal of rubble, leftover material and garbage resulting from the installation of its equipment or works. In case the CONTRACTING PARTY does not remove the rubble, leftover material and garbage within seven (7) days after the end of the installation of its equipment, the CONTRACTOR is authorized to remove them, and the CONTRACTING PARTY shall be obliged to bear the costs, provided they are proven.

 

1.5.4               In view of the legal need to issue electromagnetic emission reports to the municipal government and communities, the CONTRACTING PARTY shall be responsible for obtaining the reports related exclusively to the Equipment owned by it. In case there are several Carriers using the Infrastructure Item, the CONTRACTOR shall request the measurement service for all installed equipment, sharing the costs thereof among the companies that use the Infrastructure Item, provided that such costs are previously approved by the CONTRACTING PARTY.

 
 

1.5.5               If there is a need to reduce irradiated power, in case it exceeds the maximum values allowed for that Infrastructure Item, the CONTRACTING PARTY shall have its original irradiation power up to the maximum limit regulated by ANATEL, whenever it is proven that equipment has been installed prior to the other carriers in that Infrastructure Item. The equipment of other companies, installed after those of the CONTRACTING PARTIES, shall have their power reduced proportionally, until the standards permitted by current legislation are reached. This hypothesis of previous equipment of other carriers does not apply to cases of Switched Fixed Telephone Service (Serviço Telefônico Fixo Comutado - STFC) equipment from the CONTRACTING PARTY.

 

2Operation of the Infrastructure Item

 

2.1                    The CONTRACTOR shall provide, at its discretion and schedule, preventive maintenance on the Infrastructure Items.

 

The Contractor shall make the semiannual schedule of preventive maintenance available to the Contracting Party.

 

2.1.1The Preventive Maintenance is composed of, but not limited to:

 

(i)Basic cleaning of the Area/Land, removing grass and objects;

 

(ii)Redistribution of gravel in the Area/Land;

 

(iii)Painting of the Area’s walls, when applicable;

 

(iv)Recovery of gates, fences and railings, when applicable;

 

(v)                               Painting touch-up on the Infrastructure Item, supports, mats, lampposts and gate (when applicable);

 

(vi)                             Soil treatment for the grounding system, when the grounding system is owned or operated by the CONTRACTOR.

 

(vii)Visual inspection in the AC box;

 

(viii)                        Visual inspection and testing of the signaling system; (ix);

(x)                               Visual inspection of the grounding system. The relevant measurements shall also be carried out

 

(xi)Inspection of the lightning protection system;

 

(xii)Inspection of cleaning of junction boxes in the Area;

 

(xiii)                        Additional maintenance of the Infrastructure Item and its accessories, as determined by the CONTRACTOR;

 
 
(xiv)Maintenance of access roads in order to ensure access;

 

(xv)Inspection of the energy standard;

 

(xvi)Inspection of the Area lighting

 

(xvii)                      Verification of the existence of animals and insects and, if any, provide for their removal.

 

2.2                    The CONTRACTOR shall first inform the CONTRACTING PARTY, in case the preventive maintenance impacts or interferes with equipment, irradiating system (cables and antennas), power system and/or grounding system of the CONTRACTING PARTY, so that it can monitor the activity, if necessary.

 

The CONTRACTOR shall provide emergency repairs to the Infrastructure Items in accordance with its responsibilities defined in the responsibility matrix of this Exhibit, in order to make them available within twenty-four (24) hours for urban sites and forty-eight

(48) hours for rural sites after written communication sent by the CONTRACTING PARTY and effectively received by the CONTRACTOR (which may be sent by e- mail), except for a longer period agreed between the Parties.

 

2.3                    The CONTRACTING PARTY, whenever it becomes aware, shall directly request that CONTRACTOR carries out corrective maintenance when the following situations occur:

 

(i)                                 Lack of electricity (when not programmed by the utility company), only in the event that the CONTRACTOR owns or controls the Infrastructure Item affected by the lack of electricity;

 

(ii)Burnt out signaling lamp;

 

(iii)Failure in the grounding system/ lightning arrestor;

 

(iv)Obstruction of ducts and junction box in the Area;

 

(v)Trespassing and/or depredation;

 

(vi)Damage caused by third parties;

 

(vii)Impossibility of accessing the site in view of the conditions of the roads;

 

(viii)Malfunction of the access system implemented by the Contractor;

 

(ix)Damage to security items in the Area (walls, fences, gates, concertinas, etc.)

 

Existence of animals and insects that are preventing access to the Area and Infrastructure Items

 
 

2.3.1               Once informed of the problems listed in item 2.4 above, the CONTRACTOR shall send a technical team to attend to the events indicated by the CONTRACTING PARTY. Such team shall carry out the necessary corrective maintenance and provide, at the end thereof, a report of the cause and solution of the defect to the management center of the CONTRACTING PARTY. If there is no possibility of repair, the CONTRACTOR shall inform the CONTRACTING PARTY so that it can apply its contingency measures.

 

2.4                    Any contact with the owners or possessors of the properties where the Infrastructure Items are located shall be made exclusively by the CONTRACTOR, and the CONTRACTING PARTY must inform the CONTRACTOR when it detects any problem or receives any request from them.

 

Considering the difference in critical level of the events related to the owners of lands where the sites are located, a 24x7 structure shall be made available by the Contractor in order to immediately attend/treat cases of high criticality (total/partial loss of the site). The SLA to enable the Contracting Party’s access in cases of loss of the site is up to 24 hours.

 

2.6.                  The CONTRACTING PARTY and/or its Authorized Personnel is authorized to perform the maintenance of their equipment, at their discretion and schedule, except when such maintenance impacts the equipment of other carriers or Infrastructure Items.

 

2.6.1.             The CONTRACTING PARTY shall notify the CONTRACTOR seventy- two (72) hours in advance, about preventive maintenance or scheduled maintenance that it wishes to perform on the equipment installed in the Infrastructure Items.

 

2.6.2.             If preventive or scheduled maintenance can potentially affect the equipment of another carrier or the Infrastructure Item, the CONTRACTOR may be elected to provide maintenance supervision.

 

2.6.3.             The CONTRACTING PARTY shall use its best efforts not to impact the equipment of another carrier or the Infrastructure Items. In the event that the CONTRACTING PARTY impacts the equipment of another carrier or the Infrastructure Item, it shall immediately inform the CONTRACTOR.

 

2.6.3.1.        The Parties shall be responsible for acts of negligence committed by their respective employees and the Authorized Personnel in the event of misuse of access to Infrastructure Items and Areas.

 

2.7.                  The CONTRACTING PARTY and/or Authorized Personnel shall not be allowed to install or relocate supports in the structures of the Infrastructure Items. This service is the sole responsibility of the CONTRACTOR.

 

2.8.                  The CONTRACTOR shall provide the CONTRACTING PARTY with any additional supports that it may request for the installation of its equipment in the Infrastructure Item, in line with costs mutually pre-approved with the CONTRACTING PARTY.

 
 

2.7.                  The CONTRACTING PARTY shall always submit to the CONTRACTOR’s approval the installation of new equipment, removal of existing equipment, or changes in equipment or equipment configuration in the Infrastructure Item.

 

2.8.                  In cases where the external electric power network, under the CONTRACTING PARTY’s ownership, suffers acts of vandalism or accidents that prevent the energization of the equipment, the CONTRACTING PARTY shall request the repair of the electric network directly to the electric utility companies.

 

2.9       The CONTRACTING PARTY and/or its authorized personnel may carry out corrective maintenance of their equipment and systems, at their discretion and schedule, and shall be authorized to carry out corrective maintenance of their equipment, on a 24x7 basis, without the need for prior notice to the CONTRACTOR. The 24-hour access shall be ensured by the Contractor.

 

3.Access to Areas and Infrastructure Items

 

3.1.

 

3.1                    To access the Areas and Infrastructure Items, the Contractor shall comply with the relevant criteria and procedures established by the Contractor.

 

3.2                    In the case of Infrastructure Items implemented in the Contracting Party’s land and/or stations, the Contractor’s access to the Areas and Infrastructure Items shall comply with the relevant criteria and procedures established by the Contracting Party.

 

3.3                    For sites where the Contractor implements a specific access control system (electronic padlock, MultiLock, etc.), the Contractor shall be responsible for making available the necessary items for access (keys, cards, encoders, etc.) enough to attend Oi’s operational staff.

 

3.4.                  When the access control is based on the use of padlocks and, whenever technically feasible, the Contractor and the Contracting Party shall place their padlocks in series, in order to facilitate access and not be dependent on the other;

 

3.5.                  If only the Contractor’s padlock is possible, it shall provide the padlock password, indicating recurrence focal points, with 24x7 access.

 

4.Responsibility matrix

 

# DESCRIPTION CONTRACTOR CONTRACTING PARTY NOTES
1 Maintenance of the input branch and measurement board X    

 

2

Maintenance of the QTM manual transfer board (exclusive use of the

Contracting Party)

 

 

X

 

 

3

Maintenance of the mobile Generator Motor Group (GMG) socket (exclusive use of the Contracting Party)  

 

X

 
 
 

 

 

Maintenance of the QTM

manual transfer board (shared use)

 

X

   
  Maintenance of the mobile Generator Motor Group (GMG) socket (shared use)

 

X

   

 

4

Maintenance of AC power cables inside the condominium

- except inside Oi’s shelter

 

X

   

 

5

Maintenance of the line surge protection and signaling systems.

 

X

   

 

 

6

Maintenance of the Grounding Grid and the grounding of the metal parts of the condominium, fences, tower,

QTM and power input

 

 

X

   

 

 

7

Maintenance in the grounding grid of the installation material, EGB/TGB boards, grounding wire, indoor or outdoor cables and equipment

 

 

X

   

 

8

Maintenance of the

atmospheric discharge protection system

 

X

   
9 Maintenance of external lighting (includes poles) X    

 

10

Maintenance of metal structures (tower, conveyor,

supports, fences, stairs, guardrails, platforms)

 

X

   

 

11

Maintenance of metal skids (bases for Oi’s owned

equipment installed in the shelter base)

 

 

X

 

 

12

Supply and maintenance of generators in cases of non- payment of the electric bill  

 

X

If provided by Oi

 

13

Supply and maintenance of generators in case of lack of electricity due to failure of the

local electric utility company.

 

 

X

 

If provided by Oi

 

14

Supply and maintenance of generators in cases of lack of electricity due to acts of vandalism  

 

X

 

If provided by Oi

 

Supply and maintenance of generators in cases of non-

payment of the electric bill

 

X

  If provided by the Contractor
  Supply and maintenance of generators in case of lack of electricity due to failure of the local electric utility company.

 

X

 

 

If provided by the Contractor

 

Supply and maintenance of generators in cases of lack of electricity due to acts of

vandalism

 

X

 

 

If provided by the Contractor

 

15

Supply and maintenance of generators in cases of lack of electricity provenly caused by  

 

X

 
 
 

 

 

third parties at Oi’s service in equipment and/or systems of

other members of the condominium

     

 

 

16

Recovery of the

CONTRACTOR’s

shelter/cabinets, internal hardware and equipment of Oi’s equipment in the event of

vandalism/theft or accident.

 

 

 

X

 

 

17

Recovery of its equipment and cables from the radiating systems fixed to the tower  

 

X

 
18 Recovery of the grounding bar of the RF and TX cables   X  

 

19

Recovery of the input branch/measurement board in

cases of theft/vandalism

 

X

   
20 Recovery of the transfer board in cases of theft/vandalism X    
21 Recovery of the GMG socket in cases of theft/vandalism X    

 

22

Recovery of the AC power

cables in cases of theft/vandalism

 

X

   

 

23

Recovery of the line surge protection system in cases of theft/vandalism

 

X

   

 

24

Recovery of the signalizing and atmospheric discharge

protection systems in cases of theft/vandalism

 

X

   
25 Identify Oi’s radiating system cables   X  
26 Identify Oi’s AC cables   X  
27 Identify Oi’s grounding cables   X  

 

28

Recovery of metallic structures (tower, gate, fencing, supports, light post, padlocks and others) in cases of theft/vandalism

 

X

   

 

 

29

Recovery of the civil part (wall, fences, floors, junction box, conduits, concrete base, input box, fence posts and

others) in cases of theft/vandalism

 

 

X

   
30

Definition of the preventive

maintenance schedule

X    
 

Provision of the semiannual

preventive maintenance schedule for the Contractor

 

X

   

 

31

Basic land cleaning, with periodicity to be defined by the Contractor

 

X

   
  Periodic cleaning and garbage collection in the space not involved in the negotiation (Space that remains with the Contracting Party)  

 

 

X

Applicable in cases where the site is on the Contracting Party’s

land/station

 
 

 

32 Definition of the preventive maintenance items X    

 

33

Visual inspection with periodicity to be defined by the Contractor

 

X

   

 

34

Radiometric emission reports, requested by the municipal

government annually or when required

 

 

X

Exclusive to Oi’s systems and equipment

 

35

Any report relevant to the operation of Oi’s system when and if required  

 

X

 

 

 

36

Implementation and, when necessary, replacement of access control systems (padlocks, electronic locks, etc.)

 

 

X

 

Serial installation of padlocks by the Contracting Party and the

Contractor

 

37

Painting of metal structures (tower, conveyor, supports, fences, stairs, guardrails, platforms)

 

X

   
38 Retightening of the structure X    

 

39

Treatment of lease and loan for use agreements, including

service to lessor

 

X

   
40 Release of access for Oi and its authorized agents X    

 

41

Release of access for the Contractor and its authorized

agents, when the site is at an Oi’s station

 

 

X

 
 

Increased load/increased capacity of the power plant (energy system under the Contractor’s responsibility). It includes adaptation of the installations (cables, general circuit breaker) when there is an increase in AC load or new demand from a new carrier that justifies the change of the

general circuit breaker.

 

 

 

 

X

 

 

 

 

X

 

 

 

Responsibility of the UC holder

  Certification with the Fire Department X    
  EV Urban or Environmental Licensing X    
  Clarifications/negotiations of notifications/letters from public bodies and the judiciary

 

X

   
 

 

 

Access control other than padlocks (implemented by the Contractor)

 

 

 

X

 

Provide resources to the Contracting Party in a number that meets the

operational demand

  BO related to events on the sites/Determination of X    
 
 

 

 

property wrongful acts - when the event involves equipment, Infrastructure Items and Area

of responsibility of the Contractor

     
 

BO related to events on the sites/Determination of property wrongful acts - when the event involves equipment

and Area of responsibility of the Contracting Party

 

 

 

X

 
 

Increased protection of the site with incidence of vandalism (placement of wall, steel plate, electric fence, etc.) - Area of

the Contractor

 

 

X

   
 

Increased protection of the site with incidence of vandalism (placement of wall, steel plate,

electric fence, etc.) - Area of the Contracting Party

 

 

 

X

 
 

 

 

 

 

Ticket opening at utility companies in case of lack of electricity

 

 

 

 

 

X

 

 

 

 

 

X

If the utility company requires the holder to open it, it will be the responsibility of the Contractor. Otherwise, it will be responsibility of

the Contracting Party

  Preparation/availability of documentation required by Anatel/other bodies, regarding EVs

 

 

X

 

 

X

Each one responsible for what falls within its competence
  Electric bill payment (individual branches)  

 

X

Direct invoice

to the Contractor

 

 

Electric bill payment - common branches

 

 

X

 

 

X

UC holder pays and receives reimbursement from the other party
 

 

 

Request for energy input from electric utility companies

 

 

 

X

When it is not possible to individualize, the Contractor is

the holder of the UC

 

Removal of bees, hornets and other wild/venomous animals (birds’ nest, vultures, hawks,

etc.) from the site/EV

 

X

   
  Maintenance/clearance of access roads X    
 
 

 

 

Individual Safety (Fall arrest/Guardrails/Cranksets/etc

.)

 

X

   
  Provision of support for radiating systems X    
 

Execution of the adaptation in the existing infrastructure with

respect to the Infrastructure Item

 

X

   
  Update of contact list/operational organization chart

 

X

 

X

 

 

5.                       The responsibilities with respect to the Operational Procedures set forth in this Exhibit 3 do not depend on the regime of occupation and use of the Areas and Infrastructure Items, and do not depend on the Contractor being as exclusive user or the existence of other sharers.

 

6.Execution of works and services on sites located at Contracting Party’s stations

 

6.1.       For all cases in which the Contractor and/or its users other than the Contracting Party intend to develop any intervention in the Areas and Infrastructure Items that are on the Contracting Party’s land and/or station, and the activity goes beyond the negotiated Area, even if temporarily, the Contractor shall send a request together with relevant documentation for prior analysis by the Contracting Party.

 

(i)                                 The Contracting Party shall analyze the request within thirty (30) days after receiving it.

 

(ii)                               The Contracting Party may i) approve the Project as presented, ii) propose changes to the Project, or iii) reject the Project, upon written explanation of the rejection.

 

7.Notices regarding Operational Procedures

 

7.1                    Actions between the parties regarding the Operational Procedures shall be formalized (which may be via email), directed to the representatives established by the parties.

 

 

 
 

 

 

 
 

 

 

 

 
 

SHARING AGREEMENT

EXHIBIT 5

Letter Indicating Checking Account

 

[Place], [date].

 

To

OI MÓVEL S.A. - UNDER JUDICIAL REORGANIZATION

[address and recipients]

 

OI S.A. – UNDER JUDICIAL REORGANIZATION

[address and recipients]

 

Re: Sharing Agreement - Letter Indicating the Checking Account

 

Dear Sirs,

 

For all purposes provided for in the Sharing Agreement entered into on [date] (“Agreement”), by and between, on one side, [SPE], [identification] (“Contractor”) and, on the other side, Oi Móvel S.A. — Under Judicial Reorganization, a corporation with its head office at Setor Comercial Norte, Quadra 03, Bloco A, Ed. Estação Telefônica, Térreo, Parte 2, in the City of Brasília, Federal District, enrolled with the National Register of Legal Entities (CNPJ) under No. 05.423.963/0001-11, (“Contracting Party”), and, as the Intervening Consenting Party, Oi S.A. — Under Judicial Reorganization, a publicly-held corporation with its head office at Rua do Lavradio, 71, Centro, in the City and State of Rio de Janeiro, ZIP CODE 20230-070, enrolled with CNPJ under No. 76.535.764/0001-43 (“Guarantor”), the Contractor hereby informs the Contracting Party and the Guarantor that all payments and other amounts due to the Contractor under the Agreement shall be made in the following bank account held by the Contractor:

 

[Bank] [Branch]

[Checking Account]

 

Sincerely,

[SPE]

[blank]

[blank]

Name:

Name:

Title:

Title:

 

 

 

 
 

 

 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 

 

 
 

 

 

 

 
 

 

 
 

 

 
 

COMPANY NAME, enrolled with the National Register of Legal Entities of the Ministry of Finance (CNPJ/MF) under No. XXX, with its head office in the municipality of XXX, State of XXX, at XXX, No. XXX, Zip Code XXX, phone number XXX, herein represented by its legal representative, NAME, nationality, marital status, profession, bearer of identity card No. XXX, enrolled with the Individual Taxpayer’s Register of the Ministry of Finance (CPF/MF) under No. XXX, resident and domiciled at XXX, No. XXX, ZIP CODE XXX, in the municipality of XXX, state of XXX, phone number XXX, regardless of number and gender hereinafter simply referred to as “LESSOR”;

 

COMPANY NAME, enrolled with CNPJ/MF under No. XXX, with its head office in the municipality of XXX, State of XXX, at XXX, No. XXX, ZIP CODE XXX, phone number XXX, herein represented by its legal representative, NAME, nationality, marital status, profession, bearer of identity card No. XXX, enrolled with CPF/MF under No. XXX, and hereby represented according to its bylaws, hereinafter simply referred to as “LESSEE”.

 

NOW THEREFORE, the parties hereby agree as follows:

 

CLAUSE ONE - SUBJECT MATTER

 

1.1 LESSOR is the owner and legitimate possessor, free and clear of any liens and encumbrances, of the property located in the city of XXX, state of XXX at the following address: (property description according to registration), ZIP CODE XXX, described in registration No. XXX, of the XXX Real Estate Registry Office of XXX, State of XXX, enrolled with the Municipal Government of XXX under No. XXX. LESSOR leases to LESSEE the area of XXX m2 (“AREA”) of said property, identified in Exhibit A hereto, in accordance with the conditions set forth below.

 

CLAUSE TWO - PURPOSE OF LEASE

 

2.1                The purpose of the AREA is to install a telecommunications station and, consequently, operate equipment (the “Equipment”) for telecommunications and the like, owned by it and/or third parties, and the number of equipment installed shall be defined exclusively at the discretion of LESSEE, according to its purposes.

 

2.2                For this purpose, LESSOR shall allow cables that will connect the Equipment to pass through non-leased areas in order to allow their operation. LESSOR agrees not to obstruct the possession of the place through which the cables pass under the penalty of immediate suspension of rent payments, penalty application or contractual termination, at LESSEE’s discretion.

 

CLAUSE THREE - RENT AND ADJUSTMENT

 

3.1                LESSEE shall pay to LESSOR, during the Term hereof, a monthly rent in the amount of XXX Reais (BRL XXX), on the tenth (10th) day of each month overdue, through deposit at Bank XXX, Branch XXX, account XXX, INDICATE THE BENEFICIARY’S NAME AND CPF with the deposit receipt being valid as proof of the rent settlement, for all legal purposes.

 
 

3.1.1           In the event that the bank details indicated above are incorrect or if the account indicated is canceled, the payment of the rent shall be suspended until LESSOR informs the correct data in writing, and during this period of suspension there will be no incidence of any burden.

 

3.2                LESSOR hereby declares to be aware that the rents shall become due only after the completion of the works of the telecommunications station mentioned in clause 2.1 above, and LESSEE shall give notice to LESSOR thereof, upon which payments shall be made by LESSEE regularly, provided that the first rent shall be paid by the 10th day of the month following the first full month, when it will be considered, in addition to a full month of rent, proportionally to the month in which the works were concluded.

 

3.3                The rent shall be adjusted annually according to the inflation calculated by the IPCA-IBGE or by another official index that replaces it.

 

3.4                At the time of payment, all amounts required by law shall be deducted, when the law so provides for.

 

3.5                If LESSEE does not pay the rent by the date set forth above, it shall be subject to a fine of 2% on the amount thereof, plus interest on arrears of one percent (1%) per month.

 

3.6                Notwithstanding any provision to the contrary herein, if there are expenses on the property that prevent its free use by LESSEE or that puts its possession at risk, such as, but not limited to, property taxes, expenses for regularization of the property for the purpose of registering this agreement, municipal fees and contributions, among others, then LESSEE shall notify LESSOR to pay such expenses within five (5) days under penalty of LESSEE making the payment and deducting those expenses from the rent amount, until it is fully reimbursed.

 

3.6.1           If, in order to register this agreement, it is necessary to provide any document by LESSOR, LESSOR shall cooperate in any way, within the period of five (5) days provided for above, under penalty of contractual breach, pursuant to clause 12.1 below.

 

CLAUSE FOUR - TERM

 

4.1 The term, which shall be ten (10) years, starts from the signing hereof and shall be automatically renewed, for an equal term, in case there is no manifestation by LESSEE at least ninety (90) days in advance from the expiration.

 

CLAUSE FIVE – INSPECTION

 

5.1                Upon delivery of the AREA to LESSEE, an Initial Inspection Instrument (Exhibit B) shall be drawn up, being an integral part hereof, in which the conditions under which it is found shall be described, which shall serve as a reference for verifying the conditions at the end of the agreement.

 

5.2                LESSEE undertakes, at its expense, to take all necessary measures to return the AREA under the conditions in which it was received, except for its normal use and natural wear and tear.

 
 

5.3                Unless otherwise provided for in writing, the receipt of keys by LESSOR after the signing of the closing instrument shall represent the settlement of all obligations hereby assumed by LESSEE regarding, but not limited to, the rent, expenses and indemnities for any damage caused to the AREA.

 

CLAUSE SIX - ACCESS TO THE AREA

 

6.1                LESSOR shall permanently ensure, from the signing hereof, free access to the AREA by employees, agents, contractors, subcontractors or persons authorized by LESSEE as long as they are duly identified, regardless of the time and during the three hundred and sixty-five (365) days of the year, seven (7) days a week and twenty-four (24) hours a day.

 

6.2                Without prejudice to the provisions of any other clause hereof, if LESSEE is totally or partially deprived of the use of the LEASED AREA, due to any problems proven to be caused by LESSOR, it may proceed with the suspension of the payment of the rent and charges after sending notice granting a period of two (2) business days for LESSOR to remedy the irregularity. If the term is not met, LESSEE may, at its sole discretion, terminate this agreement.

 

CLAUSE SEVEN - LICENSES AND PERMITS

 

7.1 LESSOR shall collaborate with LESSEE in order to obtain permits, licenses or authorizations, ensuring the peaceful use of the AREA, without any interruptions, including providing the documents that are of its exclusive responsibility, within five (5) days from the communication sent to LESSOR.

 

CLAUSE EIGHT - IMPROVEMENTS

 

8.2                The parties further agree that the improvements necessary for the maintenance of the AREA, made by LESSEE, regardless of any prior authorization, shall be incorporated into the property, except those that can be removed without prejudice thereto that, at LESSEE’s discretion, may be removed.

 

8.3                All works carried out by LESSEE shall be its exclusive responsibility, and LESSEE shall bear the burden of any damage or losses provenly caused thereby to LESSOR or third parties.

 

CLAUSE NINE - TAXES AND EXPENSES

 

9.1                In addition to the rent amount, it is hereby agreed that LESSEE shall pay, on a monthly basis to LESSOR, on the same date as the monthly rent payment date, as additional charges, the condominium expenses, all taxes and/or contributions, whether present or future, applied to the area, as well as any special and/or general charges that may be imposed or applicable to LESSEE’s activity.

 

9.2                LESSEE shall bear the electricity expenses that may be effectively consumed by LESSEE through the installed equipment, and LESSOR shall hereby authorize LESSEE to install an independent energy meter for this purpose.

 
 

9.2.1           Until the installation of independent energy meters, LESSEE shall reimburse LESSOR for the electric bill corresponding to the AREA.

 

CLAUSE TEN - ASSIGNMENT

 

10.1            LESSEE may assign rights and obligations derived from this agreement, including in constructions that it carries out, and LESSEE shall send prior notice to LESSOR.

 

10.2            Likewise, LESSEE may sublease or assign the AREA, in whole or in part, including in constructions to be carried out, provided that the purposes of this lease are maintained, and shall notify LESSOR after these events occur.

 

CLAUSE ELEVEN – TERMINATION AND UNILATERAL TERMINATION

 

11.1            This agreement shall, without prejudice to any penalties set out in the previous Clauses, be deemed terminated for any legal purposes in the following cases:

 

11.1.2 If LESSEE fails to pay the rent and any other lease charges by their due dates, after being notified by LESSOR to pay off its debt with the legal and contractual surcharges, especially those set out in Clause Five, within a term of up to fifteen (15) days;

 

11.1.3.      If LESSEE violates legal obligations or fails to comply with any of the clauses hereof, after being warned in writing and if it does not remedy the default within up to ten (10) days;

 

11.1.4.      In the event of expropriation, or regulatory issues, which prevents the normal use of the AREA in accordance with the purposes of the lease, no indemnity is available to any of the Parties.

 

11.2            LESSEE may unreasonably terminate this agreement by giving notice to LESSOR, with thirty (30) days in advance, without incurring any penalty.

 

CLAUSE TWELVE - PENALTIES

 

12.1 The failure to comply with any of the contractual clauses or conditions, after notifying the breaching party within ten (10) days for remediation of the breach, shall be grounds for termination hereof, without prejudice to the determination of any direct damage proven to have occurred to be compensated to the non-breaching party.

 

CLAUSE THIRTEEN – SUCCESSION

 

13.1            In the event of sale of the property where the AREA described herein is located, during its term, without the exercise by LESSEE of the preemptive right provided for in the applicable legislation on all or part of the property, LESSOR shall inform the purchaser that it must respect all terms and conditions hereof, during its term, being already agreed that LESSEE may register this agreement for such purposes.

 
 

13.2            If it is necessary to sign additional documents for this agreement to be properly registered in the property registration, then LESSOR undertakes to sign such documents within five (5) days of written notification from LESSEE for this purpose, subject to clause 12.1 above.

 

13.3            If the succession occurs in any other way, including by heritable right, the parties agree that this agreement shall bind the successors, heirs or acquirers.

 

CLAUSE FOURTEEN - NOTICES

 

14.1            Any notice regarding this agreement shall be given at the following address: To LESSOR:

Name:

Address:

City/State ZIP CODE:

Attn.:

Phone:

Mobile:

Email:

 

To LESSEE:

 

Name:

Address:

City/State ZIP CODE:

Attn.:

Phone:

Mobile:

Email:

 

14.2            Any change in the mailing address shall be immediately notified in writing by one party to the other. Otherwise, any notice sent to that address shall be deemed valid and effective.

 

CLAUSE FIFTEEN – ADDITIONAL PROVISIONS

 

15.1 LESSEE expressly agrees to keep the AREA in good hygiene and cleanliness conditions, as received, responding administratively and judicially for any breach of this obligation.

 

15.3            LESSOR hereby authorizes LESSEE, at its expense, to register and/or annotate this agreement, and to perform any act necessary for such registration and/or annotation in the competent Real Estate Registry Office, pursuant to clause Thirteen, and undertakes to provide and sign any document that is necessary for registration.

 

15.4Forbearance by either party must not be considered as a novation or tacit change.
 
 

15.5            LESSEE shall keep the equipment in safe conditions of use so as not to interfere with the operation of any equipment installed in the leased property.

 

15.6            This agreement shall be governed by the provisions of Law No. 8,245, of October 18, 1991, with the application, where said law is silent, of the rules of the Brazilian Civil Code and the Brazilian Code of Civil Procedure.

 

CLAUSE SIXTEEN - JURISDICTION

 

16.1 The parties elect the Central Court of the City of São Paulo, State of São Paulo, as the only one competent to settle any issues arising from this agreement.

 

In witness whereof, the parties execute this agreement in four (4) counterparts of equal form and content, in the presence of two (2) witnesses.

 

Rio de Janeiro, [XXX] [XXX], [XXX].

 

LESSEE:

 

[blank]

[•]

 

LESSOR:

 

[blank]

[•]

 

Witnesses:

 

Name:

Name:

ID (RG): ID

ID (RG):

 

ID: [HL ID_OPERATOR ID]

 


 

SHARE PURCHASE AGREEMENT VIA ISOLATED PRODUCTION UNIT AND OTHER COVENANTS

 

EXHIBIT 5.2.1(IX)

Draft of the Temporary Power-of-Attorney for the New Managers

 

POWERS OF ATTORNEY

 

By this private instrument, CALITEIA RJ INFRAESTRUTURA E REDES DE TELECOMUNICAÇÕES S.A., a corporation incorporated on January 13, 2020, with its head office in Rio de Janeiro, State of Rio de Janeiro, at Rua do Lavradio, No. 71, sl. 201/801, Centro, ZIP CODE 20.230-070, enrolled with the National Register of Legal Entities of the Ministry of Economy (CNPJ/ME) under No. 35.978.982/0001-75 and with the Commercial Registry of the Stare of Rio de Janeiro under NIRE No. 33.300.333.215,

 
 

hereby represented according to its organizational documents (hereinafter referred to as “Grantor”), appoints and constitutes as its true and lawful attorneys-in-fact, Messrs. (i) [=], [identification]; and (ii) [=], [identification] (hereinafter referred to as “Grantees”), to whom it grants the specific powers to, always by means of joint act or signature, perform any or all of the acts listed below, always subject to the limits and rules set forth in the Grantor’s organizational documents:

 

(i)                           Subject to the provisions of Article [=] of the Grantor’s Bylaws, represent the Grantor before any public and/or private financial institutions, being able, for this purpose, to carry out any type of banking transactions and to enter into any documents necessary therefore, including, without limitation, (a) operate, open and close, and perform any and all other acts related to the bank accounts owned by the Grantor;

(b)    issue, sign, endorse and stop checks and payment orders; and any other instruments or any other transactions; (c) request balances, statements, checkbooks, receipts and any other documents and information related to the Grantor’s bank accounts, financial investments and other resources and funds; and (d) sign agreements of any kind, including, “Compror”, “Vendor”, Finame, Finame Leasing, Leasing, opening of credit facility, letter of guarantee, agreements for any banking services, including access to electronic channels, exchange agreements of any kind or type, in addition to transfers and agreements related to documentary credit;

 

(ii)                         Subject to the provisions of Article [=] of the Grantor’s Bylaws, represent the Grantor before any third parties, including any federal, state and municipal agencies, bodies and authorities, government offices, agencies, trade association, commercial registries, public registry of mercantile companies, registry offices of deeds and documents, civil registry offices of legal entities, and any and all related sections, divisions and departments, including, without limitation, the Federal Revenue Service of Brazil, the Office of the General Counsel for the Federal Treasury, the National Social Security Institute (INSS), Caixa Econômica Federal, the State Finance Department and Municipal Governments, Registry Offices, Commercial Registries of any States of the Federation, Ministry of Labor and Unions, Ministry of Education, Public Prosecutor’s Office, Audit Committees of Regulated Professions, in any of its levels, municipal, state or federal, including before courts and tribunals, as agent, with powers to sign, file and withdraw requirements, letters, forms, requests, appeals, declarations, statements and any other necessary documents, including pay any taxes, quasi-fiscal contributions of any kind;

 

(iii)                      Subject to the provisions of Article [=] of the Grantor’s Bylaws, perform any and all acts that involve the Grantor’s responsibilities, rights, business, interests and obligations, being able to issue receipts and give release, grant, accept, receive, agree and sign any types of deeds or agreements, whether by public or private instruments, with all clauses and terms agreed upon and in each of them, assume any kinds of responsibilities that should be incumbent on the Grantor, including purchase orders and service orders;

 

(iv)                       Subject to the provisions of Article [=] of the Grantor’s Bylaws, request, promote, claim and sign whatever is necessary, file, attach and remove papers and documents, give declarations and clarifications, sign requirements, forms, receipts, amend declaration of registration - DECA, sign opening and closing of books, registrations of entry and exit, registrations of use of tax documents and terms of occurrence, registration of tax documents and terms of occurrence, registration of

 
 

inventory, registration of calculation of State Goods and Services Tax - ICMS, registration of invoices, registration of bills and invoices for services provided to third parties, registration of receipt of tax forms;

 

(v)                         Constitute a lawyer with powers of the clause for judicial purposes for the venue in general and with special powers to be served process, confess, acknowledge the validity of a claim, compromise, discontinue, waive the right which is the basis of the action, receive and give release, execute contracts, as well as perform the necessary acts in public tenders before federal, state, municipal public agencies and foundations, using legal remedies and follow them, also with powers to make registrations, provide clarifications, prepare and sign proposals, prepare offers and price bids for participation in bidding processes in the respective public session, sign minutes and declarations, endorse documents, receive subpoenas and notices and express the intention to file or withdraw appeals, as well as perform the other acts relevant to bidding processes, provide guarantees and surety; and may also delegate, in whole or in part;

 

(vi)                       Subject to the provisions of Article [=] of the Grantor’s Bylaws, sign and make the relevant notes in Work and Social Security Cards - CTPS, files, books and other control documents that require employment agreements, work accident forms, receipt for vacation pay, terminations of employment agreements and prior notices, issue, sign and collect the Forms of the Social

 

Integration Program - PIS and Guarantee Fund for Length of Service - FGTS, the authorizations for operation of FGTS/CEF linked account, the documents regarding the Internal Commission for Accident Prevention - CIPA and the Contribution of the National Social Security Institute - INSS and its other bodies, represent the Grantor before Caixa Econômica Federal, as well as with authorized banking institutions, in order to deal with issues related to the Guarantee Fund for Length of Service - FGTS accounts, Social Integration Program - PIS, salaries and others labor charges, represent the Grantor before the Ministries of Labor and Employment and of Social Security and Assistance in all its bodies and agencies, in particular Regional Labor Authorities; National Social Security Institute (INSS); Labor Courts; Employers’ and Labor Unions, and other labor and social security bodies; and

 

(vii)                    in general, perform all other acts that are necessary for the proper and faithful performance of this power of attorney.

 

This power of attorney is granted in an irrevocable basis, in accordance with the provisions of article 684 of the Brazilian Civil Code.

 

This power of attorney is valid as of the date hereof (inclusive) and for a period of one

(1) year, as from the date hereof.

 

[São Paulo], [=] [=], [=].

 

CALITEIA RJ INFRAESTRUTURA E REDES DE TELECOMUNICAÇÕES S.A.

 

[blank]

By: [=]

 
 

Title: [=]

 


 

SHARE PURCHASE AGREEMENT VIA ISOLATED PRODUCTION UNIT AND OTHER COVENANTS

 

EXHIBIT 6.1.12

Financial Statements

 

[Financial Statements on the base dates provided for in Clause 6.1.12 to be attached before the execution of the Agreement]

 


 

EQUITY INTEREST PURCHASE AGREEMENT AND OTHER COVENANTS

 

EXHIBIT 6.1.16

Relevant Company Agreements

 

1.Existing Sharing Agreements

 

2.Lease Agreement

 


 

SHARE PURCHASE AGREEMENT VIA ISOLATED PRODUCTION UNIT AND OTHER COVENANTS

 

EXHIBIT 6.1.19(I)

Company’s Powers-of-Attorney

 

 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 

 
 

 


1 Note for Exhibit: To be filled in with applicable information on the date of signature of the Agreement.

2 Note for Exhibit: To be filled in with applicable information on the date of signature of the Agreement.

_1 Note for the Draft: any applicable Demands on the date of execution of the Agreement will be inserted and described herein.