Tudo

1.3. To the amounts fixed above there shall be added monetary correction according to the IGPM/FGV, with effect from the execution of this agreement up to the effective payment date thereof. 1.4. The Parties execute on the date hereof the corresponding amendment to the Company’s by-laws, in respect of the transfer of eighty percent (80%) of the Company's shares, at the nominal price of R$1,120,000 (one million one hundred and twenty thousand Reais). It is agreed that within a maximum period of five (5) days from this date, such amendment shall be registered at the Commercial Registry of the State of São Paulo (JUCESP).

2.2. Notwithstanding the above provisions, the Parties hereby agree that, in the event that SIENA shall show positive results during the next five (5) years, the dividends generated by such results shall be used by DURAG primarily to effect the payments set forth in clauses 1.1. and 1.2. paragraphs (b) to (f), until payment thereof in full, by the disproportionate appropriation of income, properly minuted. 2.2.1. If the results obtained by SIENA shall not be positive or shall not be sufficient for DURAG to use them to make full repayment of the installments falling due, as set forth in clause 2.2. above, such repayment or the unpaid difference shall be made directly by DURAG. 2.3. The Parties also stipulate that during the next five (5) years, any positive results exceeding the amounts to be paid by DURAG as set forth in clause 2.2. shall remain in the Company (retained earnings) for future appropriation as agreed by the partners. 2.4. If the Company shall suffer losses, they shall be covered in the following manner: a) If the Company shall have retained earnings, such earnings shall be used to absorb these losses; b) If the Company shall not have sufficient retained earnings and the losses occur as a result of the economic situation or the Company’s management problems, the losses shall be assumed by the partners in