ARTICLE 31 – In event of corporate reorganization involving the transfer of the Company‘s shareholding, the resulting companies shall request to enter NovoMercado within one hundred and twenty (120) days of the date of shareholders‘ meeting discussing such reorganization

Sole paragraph. If the reorganization involves resulting companies that do not intend to request the listing in Novo Mercado, the majority of the holders of Company‘s outstanding shares attending the shareholders‘ meeting referred to in the head shall consent to such structure.

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