The Company, its shareholders, Directors and members of the Fiscal Council undertake to resolve, by means of arbitration, any and all disputes or controversies that may arise amongst them, particularly in connection with or resulting from the enforcement, validity, effectiveness, construction, breach and effects thereof, of the provisions under the Enrollment Agreement (Contrato de Participação) of the Novo Mercado, Listing Rule of the Novo Mercado, Rules of the Market Arbitration Chamber established by BM&FBOVESPA, our Bylaws, any shareholders’ agreements filed at the Company’s headquarters, the provisions of the Brazilian Corporate Law, rules published by the National Monetary Council (CMN), by the Central Bank of Brazil or CVM, BM&FBOVESPA regulations and under other rules applicable to the capital markets in general, at the Market Arbitration Chamber pursuant to its Arbitration Rules.

Without prejudice to the validity of the arbitration clause in our Bylaws, any of the parties to the arbitration proceeding shall be entitled to resort to the Brazilian courts if and when needed, in order to file for a writ of preventions to protect rights, either in an arbitration proceeding that has commenced or will commence, and as soon as any remedy of such type is granted, the jurisdiction for decision of merit shall promptly return to the arbitration court determined or to be determined.