Common use of Characteristics of the Issue Clause in Contracts

Characteristics of the Issue. First Issue of unsecured debentures convertible into common and preferred shares, in series, of PASA PARTICIPAÇÕES S.A., with principal place of business and jurisdiction in the City of Belo Horizonte, State of Minas Gerais, at Ax. xx Xxxxxxxx, Xx. 0000, Xxxxxx Jardim, enrolled with the Corporate Taxpayers Register of the Ministry of Finance - CNPJ/MF No. 11.221.565/0001-15 (“Issuer”) for private placement composed of 2 debentures, with unit principal amount on the date hereof of: Series A Debenture of nine hundred and thirty-eight million, five hundred and forty-four thousand, three hundred and ten Reais and nineteen cents (R$938,544,310.19) (“Series A Unit Principal Amount”); and Series B Debenture of one billion, four hundred and fifty-five million, four hundred and fifty-five thousand, six hundred and eighty-nine Reais and eighty-one cents (R$1,455,455,689.81). The other characteristics of the debentures are defined in the “Private Deed for the First Private Issuance of Unsecured Debentures Convertible into Common and Preferred Shares, in Series, of Pasa Participações S.A. executed by the Issuer on [·][·], 2014 (“Debenture Deed”). The principal amount of the debentures shall be paid up in Brazilian currency by the Debentureholder identified below according to the terms and conditions provided for in the Debenture Deed by the Debentureholder identified below.

Characteristics of the Issue. First Issue of unsecured debentures convertible into common and preferred shares, in series, of PASA EDSP75 PARTICIPAÇÕES S.A., with principal place of business and jurisdiction in the city of City of Belo HorizonteSão Paulo, State of Minas GeraisSão Paulo, at AxRua Axxxxxxx Xxxxxx Vita No. xx Xxxxxxxx200, Xx. 0000, Xxxxxx Jardim9th floor, enrolled with the Corporate Taxpayers Register of the Ministry of Finance - CNPJ/MF under No. 11.221.565/000109.626.007/0001-15 98 (“Issuer”) for private placement composed of 2 debenturesdebenture, with a unit principal amount on the date hereof of: for Series A Debenture of Debenture, nine hundred and thirty-eight million, five hundred and forty-four thousand, three hundred and ten Reais and nineteen cents (R$938,544,310.19) (“Series A Unit Principal Amount”); and for Series B Debenture of Debenture, R$1,455,455,689.81 (one billion, four hundred and fifty-five million, four hundred and fifty-five thousand, six hundred and eighty-nine Reais and eighty-one cents (R$1,455,455,689.81cents). The other characteristics of the debentures are defined in the “Private Deed for the First Private Issuance of Unsecured Debentures Convertible into Common and Preferred Shares, in Series, of Pasa EDSP75 Participações S.A. S.A., executed by the Issuer on [·]=] [·]=], 2014 (“Debenture Deed”). The principal amount of the debentures shall be paid up in Brazilian currency by the Debentureholder identified below according to the terms and conditions provided for in the Debenture Deed by the Debentureholder identified below.

Characteristics of the Issue. First Issue unsecured of unsecured debentures convertible into common and preferred shares, shares in series, series of PASA EDSP75 PARTICIPAÇÕES S.A., with its principal place of business and jurisdiction in the city of City of Belo HorizonteSão Paulo, State of Minas GeraisSão Paulo, at AxRua Axxxxxxx Xxxxxx Vita No. xx Xxxxxxxx200, Xx. 0000, Xxxxxx Jardim9th floor, enrolled with the Corporate Taxpayers Register of the Ministry of Finance - CNPJ/MF CNPJ under No. 11.221.565/000109.626.007/0001-15 98 (“Issuer”) ), for private placement placement, composed of 2 debentures, with a unit principal amount on the date hereof of: for Series A Debenture of Debenture, R$938,544,310.19 (nine hundred and thirty-eight million, five hundred and forty-four thousand, three hundred and ten Reais and nineteen cents (R$938,544,310.19) (“Series A Unit Principal Amount”cents); and for Series B Debenture of Debenture, R$1,455,455,689.81 (one billion, four hundred and fifty-five million, four hundred and fifty-five thousand, six hundred and eighty-nine Reais and eighty-one cents (R$1,455,455,689.81cents). The other characteristics of the debentures are defined in the “Private Deed for the First Private Issuance of Unsecured Debentures Convertible into Common and Preferred Shares, in Series, of Pasa EDSP75 Participações S.A. S.A., executed by the Issuer on [·]=] [·]=], 2014 (“Debenture Deed”). The principal amount of the debentures shall be paid up in Brazilian currency currency, by the Debentureholder identified below according below, pursuant to the terms and conditions provided for in the Debenture Deed Deed, by the Debentureholder identified below.

Characteristics of the Issue. First Issue of unsecured debentures convertible into common and preferred shares, in series, of PASA PARTICIPAÇÕES Pasa Participações S.A., with its principal place of business and jurisdiction in the City of Belo Horizonte, State of Minas Gerais, at Ax. xx Xxxxxxxx, Xx. 0000, Xxxxxx Jardim, enrolled with the Corporate Taxpayers Register of the Ministry of Finance - CNPJ/MF No. 11.221.565/0001-15 (“Issuer”) for private placement composed of 2 debentures, with a unit principal amount on the date hereof of: Series A Debenture of nine hundred and thirty-eight million, five hundred and forty-four thousand, three hundred and ten Reais and nineteen cents (R$938,544,310.19) (“Series A Unit Principal Amount”); and Series B Debenture of one billion, four hundred and fifty-five million, four hundred and fifty-five thousand, six hundred and eighty-nine Reais and eighty-one cents (R$1,455,455,689.81R$ 1,455,455,689.81). The other characteristics of the debentures are defined in the “Private Deed for the First Private Issuance of Unsecured Debentures Convertible into Common and Preferred Shares, in Series, of Pasa Participações S.A. executed by the Issuer on [·]=] [·]=], 2014 (“Debenture Deed”). The principal amount of the debentures shall be paid up in Brazilian currency by the Debentureholder identified below according to the terms and conditions provided for in the Debenture Deed by the Debentureholder identified below.