Common use of Exchange Control Notice Clause in Contracts

Exchange Control Notice. If the International Participant is resident or domiciled in Brazil, the International Participant will be required to submit an annual declaration of assets and rights held outside of Brazil to the Central Bank of Brazil if the aggregate value of such assets and rights is US$1,000,000 or more but less than US$100,000,000. If the aggregate value exceeds US$100,000,000, a declaration must be submitted quarterly. Assets and rights that must be reported include shares of Common Stock of the Company acquired under the Plan. The International Participant should consult with the International Participant’s personal advisor(s) regarding any personal legal, regulatory or foreign exchange obligations the International Participant may have in connection with the International Participant’s participation in the Plan.

Exchange Control Notice. If the International Participant is resident or domiciled in Brazil, the International Participant will be required to submit an annual declaration of assets and rights held outside of Brazil to the Central Bank of Brazil if the aggregate value of such assets and rights is US$1,000,000 or more but less than US$100,000,000. If the aggregate value exceeds US$100,000,000, a declaration must be submitted quarterly. Assets and rights that must be reported include shares of Common Stock of the Company acquired under the Plan. The International Participant should consult with the International Participant’s personal advisor(s) regarding any personal legal, regulatory or foreign exchange obligations the International Participant may have in connection with the International Participant’s participation in the Plan.