Equity Evaluation. The criteria used for the valuation of the Demerged Assets of CPFL Geração to be merged into CPFL Energia will be the book value, calculated in accordance with the accounting appraisal report of the Demerged Assets of CPFL Geração, prepared from the balance sheet of CPFL Geração based on the Base Date ("Appraisal Report"), which constitutes the Annex I of this Protocol and Justification and was prepared, independently, and in accordance with the accounting principles Este documento foi assinado digitalmente por Xxxxxxxxx Xxxx Xx Xxxx Xxxxxx Xxxxxx, Xxxxxxx Xxxxx Xxxxxxxxxx e Xxxxxx Xxxxxxxx Xxxxxxx. Para verificar as assinaturas vá ao site xxxxx://xxx.xxxxxxxxxxxxxxxxxxx.xxx.xx:000 e utilize o código 75DC-42E2-2AA2-6252.