DEPOSIT AGREEMENTDeposit Agreement • October 16th, 2020 • Citibank,N.A./ADR • Telephone communications (no radiotelephone) • New York
DEPOSIT AGREEMENT, dated as of [·], 2020, by and among (i) TELEFÔNICA BRASIL S.A. (formerly denominated Telecomunicações de São Paulo S.A. – TELESP), a sociedade anônima organized under the laws of the Federative Republic of Brazil, and its successors (the “Company”), (ii) CITIBANK, N.A., a national banking association organized under the laws of the United States of America (“Citibank”) acting in its capacity as depositary, and any successor depositary hereunder (Citibank in such capacity, the “Depositary”), and (iii) all Holders and Beneficial Owners of American Depositary Shares issued hereunder (all such capitalized terms as hereinafter defined).
