Common use of Follow-up Report Clause in Contracts

Follow-up Report. Upon the first meeting of Braskem’s Board of Directors after the signature of this Agreement, the members of BRK’s and Braskem’s Board of Directors must define the content, form and periodicity of the Follow- up Reports of the Business Plan and accounting, financial and tax statements that shall be supplied to such members and the Parties. The determination by the members of the Board of Directors of BRK and Braskem as to the content, form and periodicity shall take into account the access needs to such information by each Party, within the criteria of necessity of follow-up of the performance of the Companies, or of legal, accounting or regulatory necessity. As long as the criteria set forth herein are respected, the requests submitted by each member of the Board of Directors during their first meeting after the signature of this Agreement shall be accepted by all other Directors and shall be performed by the Companies in the periodicity defined (“Follow-up Report”). As regards the accounting information, the Parties agree that the minimum information and the terms set out in Exhibit 10.13 shall be observed.

Follow-up Report. Upon the first meeting of Braskem’s Board of Directors after the signature of this Agreement, the members of BRK’s and Braskem’s Board of Directors must define the content, form and periodicity of the Follow- Follow-up Reports of the Business Plan and accounting, financial and tax statements that shall be supplied to such members and the Parties. The determination by the members of the Board of Directors of BRK and Braskem as to the content, form and periodicity shall take into account the access needs to such information by each Party, within the criteria of necessity of follow-up of the performance of the Companies, or of legal, accounting or regulatory necessity. As long as the criteria set forth herein are respected, the requests submitted by each member of the Board of Directors during their first meeting after the signature of this Agreement shall be accepted by all other Directors and shall be performed by the Companies in the periodicity defined (“Follow-up Report”). As regards the accounting information, the Parties agree that the minimum information and the terms set out in Exhibit 10.13 shall be observed.