Common use of SHARE CAPITAL INCREASES Clause in Contracts

SHARE CAPITAL INCREASES. 8.1 In the event of an increase in share capital of the Company, whether as a result of bonus issues ("aumento gratuito") or for consideration ("aumento a pagamento"), the pledge created by this Agreement over the Pledged Shares will cover the shares assigned to the Pledgor or subscribed by the Pledgor as a result of the increase in share capital. 8.2 Without prejudice to the provisions contained in Article 10, in the event that the Company merges with another company, the pledge created by this Agreement will also cover any quotas, shares, or other securities or consideration, which may be assigned to the Pledgor following the merger by the other company, whether the latter is a newly created entity or the incorporating company, in exchange for the Pledged Shares. 8.3 The Pledgor must ensure that: 8.3.1 the pledge over the Pledgor's newly issued shares, to which the parties to this Agreement hereby expressly agree that the pledge created by this Agreement extends, is annotated in the Company's Shareholders' Register, substantially in the form described in Schedule E; 8.3.2 a notarised copy of the pages of the Shareholders' Register evidencing the above annotation, is delivered to the Security Trustee; 8.3.3 the certificates issued in respect of the newly issued shares are deposited with the Security Trustee (or any appointed Delegate) as soon as practicable, in its capacity as custodian of the pledged assets. The share certificates relating to the newly issued shares, covered by this pledge, must be duly annotated with the pledge by the Company, in a form substantially analogous to that contained in Schedule E, at the same time as issue of the new shares; and 8.3.4 as soon as practicable, in the event mentioned in Paragraph 8.2 above, (i) the pledge is annotated on the share certificates representing the shares assigned to the Pledgor following a merger, and these share certificates are delivered to the Security Trustee, and (ii) the pledge is annotated in the Shareholders' Register of the company which has issued and assigned quotas or shares to the Pledgor, and a notarised copy of the pages of the Shareholders' Register of this company evidencing this annotation is delivered to the Security Trustee. 8.4 The pledge of the Pledgor's shares resulting from future increases in the capital of the Company or mergers in accordance with the provisions of the above Paragraphs will be construed as forming part of the same pledge created by this Agreement, with the date of this Agreement and subject to the same provisions contained in this Agreement.

SHARE CAPITAL INCREASES. 8.1 In the event of an increase in share capital of the Company, whether as a result of bonus issues ("aumento gratuito") or for consideration ("aumento a pagamento"), the pledge created by this Agreement over the Pledged Shares will cover the shares assigned to the Pledgor Pledgors or subscribed by the Pledgor Pledgors as a result of the increase in share capital. 8.2 Without prejudice to the provisions contained in Article 10, in the event that the Company merges with another company, the pledge created by this Agreement will also cover any quotas, shares, or other securities or consideration, which may be assigned to the Pledgor Pledgors following the merger by the other company, whether the latter is a newly created entity or the incorporating company, in exchange for the Pledged Shares. 8.3 The Pledgor Pledgors must ensure that: 8.3.1 the pledge over the Pledgor's Pledgors' newly issued shares, to which the parties to this Agreement hereby expressly agree that the pledge created by this Agreement extends, is annotated in the Company's Shareholders' Register, substantially in the form described in Schedule E; 8.3.2 a notarised copy of the pages of the Shareholders' Register evidencing the above annotation, is delivered to the Security Trustee; 8.3.3 the certificates issued in respect of the newly issued shares are deposited with the Security Trustee (or any appointed Delegate) as soon as practicable, in its capacity as custodian of the pledged assets. The share certificates relating to the newly issued shares, covered by this pledge, must be duly annotated with the pledge by the Company, in a form substantially analogous to that contained in Schedule E, at the same time as issue of the new shares; and 8.3.4 as soon as practicable, in the event mentioned in Paragraph 8.2 above, (i) the pledge is annotated on the share certificates representing the shares assigned to the Pledgor Pledgors following a merger, and these share certificates are delivered to the Security Trustee, and (ii) the pledge is annotated in the Shareholders' Register of the company which has issued and assigned quotas or shares to the PledgorPledgors, and a notarised copy of the pages of the Shareholders' Register of this company evidencing this annotation is delivered to the Security Trustee. 8.4 The pledge of the Pledgor's Pledgors' shares resulting from future increases in the capital of the Company or mergers in accordance with the provisions of the above Paragraphs will be construed as forming part of the same pledge created by this Agreement, with the date of this Agreement and subject to the same provisions contained in this Agreement.