Novation. 16.1 The parties establish that, notwithstanding the effects of the transfer of 14,858,618 shares of the BANK and save for points 8.1, 8.2, 8.3, 8.4, 8.8 and 9, in their entirety, the signing of this sales agreement entirely extinguishes and replaces the commitments mutually assumed by the parties on June 26, 1995. However, if the OFFER SETTLEMENT does not occur by December 23, 1997, the relationships between the parties shall automatically be governed again according to the aforesaid commitments, to the extent that they are still current.
