or on the date of early maturity of Commercial Papers, pursuant to Clause XIV of this Instrument whichever occurs first.
III. FORM, CUSTODIAN, PROOF OF OWNERSHIP OF COMMERCIAL PAPERS AND AGENT BANK: This Commercial Paper is issued as an instrument and in custody, as defined in the B3 Rulebook for Debentures, Commercial Papers and Obligations, with Itaú Corretora de Valores S/A, a financial institution headquartered in the City of São Paulo, State of São Paulo, at Avenida Brigadeiro Faria Lima, 3.500, 3º andar, parte, CEP 04538-132, registered with the CNPJ/ME under No. 61.194.353/0001-64, as a custodian service provider for the physical custody of this Commercial Paper (“Custodian”). This Commercial Paper shall circulate by full endorsement, without guarantee from the endorser, by a mere transfer of ownership, as set forth in article 4 of CVM Rule No. 566, in article 15 of Exhibit I of the Geneva Uniform Law enacted by Decree 57,663 of January 24, 1966. As a centralized deposit object, the circulation of Commercial Papers will operate through the bookkeeping records made in the deposit accounts kept with B3, which will endorse the Commercial Paper Instruments to the definitive creditor at the time of the extinction of the registration with B3. For all legal purposes, the ownership of Commercial Paper shall be proved by possession of the Instrument. Additionally, when the Commercial Papers are deposited electronically with B3, the statement issued by B3 in the name of the respective holder of the Commercial Papers will be recognized as proof of ownership. Itaú Unibanco S.A., a financial institution with its principal place of business in the City of São Paulo, State of São Paulo, at Praça Alfredo Egydio de Souza Aranha, nº 100, Torre Olavo Setubal, CEP 04.344-902, enrolled with the CNPJ/ME under No. 60.701.190/0001-04, has been engaged as the agent bank service provider (“Agent Bank”). Upon subscribing, paying up or acquiring this Commercial Paper in the primary market, the Holder of Commercial Papers automatically gives, in advance, its express consent to B3, to Issuer, to the Agent Bank and to the Custodian to publish the list of Holder of Commercial Papers.
IV. GUARANTEE: With the purpose of ensuring the full and timely payment and compliance with all main, ancillary, default-related, current and future obligations assumed by the Company, pursuant to the terms and conditions established in any document of the Issue, whether on the Maturity Date in case of early maturity, or on any other date (“Secured Obligations”), Issuer, pursuant to the Secured Fiduciary Sale Agreement of the Shares of Natura Cosméticos S.A., entered into between Issuer, Natura Cosméticos and Trustee on April 29, 2020 (“Fiduciary Sale Agreement”), made the secured conditional sale to the Holders of Commercial Papers, represented by Trustee, in an irrevocable and irreversible manner, pursuant to article 40 of Law No. 6,404, of December 15, 1976, as amended (“Corporation Law”), article 66-B of Law No. 4,728, of July 14, 1965, as amended, of Decree-Law No. 911, of October 1, 1969, as amended, and pursuant to article 1,361 et seq. of Law No. 10,406, of January 10, 2002, as amended (“Brazilian Civil Code”), the fiduciary ownership, conditional property, and indirect possession of the assets described in items “a” and “b” below (the “Fiduciary Sale”): Thirty-one million, four hundred and seventy-four thousand, eight hundred and twenty (31,474,820) registered common shares, without par value, representing three point sixty-four percent (3.64%) of the share capital of Natura Cosméticos, currently held by Issuer, plus the number of any Additional Shares (as defined below) and minus the number of Free Shares (as defined below) (“Sold Shares”). For all purposes and effects, the Market Value of the Sold Shares (as defined below) on the date of execution of the Fiduciary Sale Agreement corresponds to one hundred and forty percent (140%) of the Secured
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