Labor Issues. (i) According to preliminary estimates, the Company is currently confronting a contingency for personnel and insurance accounts payable. Appendix 4.13 (i) herein contains the name, hire date, job and gross monthly salary of all employees of the Company. (ii) The Sellers assume and agree to confront all consequences derived form this contingency (hereinafter the "Contingency"), thus releasing and holding the Buyer harmless from any claim and payment that the Company must confront in the future, for any reason arising out of this Contingency. (iii) The Parties agree that in order to facilitate payment of the Contingency, they shall establish a security deposit, pursuant to Article 7 herein, for a total of US$ 120,000 (one hundred twenty thousand Dollars). If the definitive amount that must be paid exceeds the amount of the Security Deposit, the Sellers shall pay the balance within five (5) business days from notification by the Buyer. The Security Deposit provided in Articles 6 and 7 herein is not limited only to the Contingency. (iv) The Sellers shall also cover the costs derived from severing the employment relationship and adjusting the compensation situation for the employees listed in Appendix 4.13 (i), authorizing the Buyer to process the severance of Andr▇▇ ▇▇▇▇▇, ▇▇riana Mall▇▇, ▇▇▇▇▇▇▇ ▇▇▇erossa, Ceci▇▇▇ ▇▇▇▇▇ ▇▇▇ Laur▇ ▇▇▇▇▇▇▇, ▇▇d to adjust the compensation situation of Diego Benchuya, Alfr▇▇▇ ▇▇▇naso and Yani▇▇ ▇▇▇▇▇▇ ▇▇▇h the Ministry of Labor, and to credit them in an amount not exceeding US$ 80,000 (eight thousand Dollars), as detailed in Appendix 4.13 (iv). (v) The reintegration of any of these people in the Company, regardless of the legal form adopted, does not release the Sellers from their obligation for indemnity for prior employment.
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Sources: Stock Purchase Agreement (Terra Networks Sa), Stock Purchase Agreement (Terra Networks Sa)