The affirmative vote from Par Participações and Caixa Seguros Holding shall be required for approval of the following matters:

    1. The appointment of independent auditors for the Company and its associates, which shall be selected from Ernst & Young, Deloitte Touche Tohmatsu, KPMG or PricewaterhouseCoopers;
    2. The definition of how the Company’s Board, its associates and/or subsidiaries, shall vote on the matters of the same type as those listed in this paragraph and which are not subject to the affirmative vote from all Control Group Members within the Company, as described above, at the General Meetings of Stockholders or Partners, as applicable, of the companies of which we are stockholders or partners, either directly or indirectly;
    3. Appointment of Officers for the Company and its associates, provided that while Nisa is part of the Control Group, the appointment or non-renewal of the current Executive Board of the Company and its associates shall depend on the affirmative vote of Nisa; and
    4. Intermediation or sale of products of companies that are not controlled by Caixa Seguros Holding, in other distribution channels, outside CAIXA’s distribution network.

    Additionally, the Stockholder’s Agreement of the Company also regulates The Company’s business relationship with Caixa Seguradora. For more information about this relationship, please refer to item 7.8 of the Reference Form.