Common use of Reporting Obligations and Regulatory Approvals Clause in Contracts

Reporting Obligations and Regulatory Approvals. Applicable laws and regulations as well as the Company’s licenses and Articles of Association may require holders and beneficial owners of Shares, including the Owners and Beneficial Owners of ADSs, to satisfy reporting requirements and obtain regulatory approvals in certain circumstances. Owners and Beneficial Owners of ADSs are solely responsible for determining and complying with such reporting requirements and obtaining such approvals. Each Owner and each Beneficial Owner hereby agrees to make such determination, file such reports, and obtain such approvals to the extent and in the form required by applicable laws and regulations as well as the Company’s licenses and Articles of Association as in effect from time to time. Neither the Depositary, the Custodian, the Company or any of their respective agents or affiliates shall be required to take any actions whatsoever on behalf of Owners or Beneficial Owners to determine or satisfy such reporting requirements or obtain such regulatory approvals under applicable laws and regulations.

Reporting Obligations and Regulatory Approvals. Applicable laws and regulations as well as regulations, including those of the Company’s licenses Central Bank, the CVM, the BM&F BOVESPA and Articles of Association the Novo Mxxxxxx listing segment may require holders and beneficial owners of Shares, including the Owners Holders and Beneficial Owners of ADSs, to satisfy reporting requirements and obtain regulatory approvals in certain circumstances. Owners Holders and Beneficial Owners of ADSs are solely responsible for determining and complying with such reporting requirements and obtaining such approvals. Each Owner Holder and each Beneficial Owner hereby agrees to make such determination, file such reports, reports and obtain such approvals to the extent and in the form required by applicable laws and regulations as well as the Company’s licenses and Articles of Association as in effect from time to time. Neither the Depositary, the Custodian, the Company or any of their respective agents or affiliates shall be required to take any actions whatsoever on behalf of Owners Holders or Beneficial Owners to determine or satisfy such reporting requirements or obtain such regulatory approvals under applicable laws and regulations.

Reporting Obligations and Regulatory Approvals. Applicable laws and regulations as well as regulations, including those of the Company’s licenses Central Bank, the CVM, the BM&FBOVESPA and Articles of Association the Level II listing segment may require holders and beneficial owners of SharesUnits, including the Owners Holders and Beneficial Owners of ADSs, to satisfy reporting requirements and obtain regulatory approvals in certain circumstances. Owners Holders and Beneficial Owners of ADSs are solely responsible for determining and complying with such reporting requirements and obtaining such approvals. Each Owner Holder and each Beneficial Owner hereby agrees to make such determination, file such reports, reports and obtain such approvals to the extent and in the form required by applicable laws and regulations as well as the Company’s licenses and Articles of Association as in effect from time to time. Neither the Depositary, the Custodian, the Company or any of their respective agents or affiliates shall be required to take any actions whatsoever on behalf of Owners Holders or Beneficial Owners to determine or satisfy such reporting requirements or obtain such regulatory approvals under applicable laws and regulations.