<SEC-DOCUMENT>0001193125-11-099576.txt : 20110415
<SEC-HEADER>0001193125-11-099576.hdr.sgml : 20110415
<ACCEPTANCE-DATETIME>20110415163115
ACCESSION NUMBER:		0001193125-11-099576
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20110413
ITEM INFORMATION:		Completion of Acquisition or Disposition of Assets
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110415
DATE AS OF CHANGE:		20110415

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SCANSOURCE INC
		CENTRAL INDEX KEY:			0000918965
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-COMPUTER & PERIPHERAL EQUIPMENT & SOFTWARE [5045]
		IRS NUMBER:				570965380
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-26926
		FILM NUMBER:		11763033

	BUSINESS ADDRESS:	
		STREET 1:		6 LOGUE COURT STE G
		CITY:			GREENVILLE
		STATE:			SC
		ZIP:			29615
		BUSINESS PHONE:		8032882432

	MAIL ADDRESS:	
		STREET 1:		6 LOGUE COURT STE G
		CITY:			GREENVILLE
		STATE:			SC
		ZIP:			29615
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="4"><B>UNITED STATES </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="4"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="4"><B>WASHINGTON, D.C. 20549
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>FORM 8-K </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="5"><B>CURRENT REPORT </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Pursuant to Section&nbsp;13 or 15(d) of the
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Securities Exchange Act of 1934 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3">Date of report (Date of earliest event reported):&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;April&nbsp;13, 2011 </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="5"><B>ScanSource, Inc. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">(Exact Name of Registrant as Specified in Its Charter)
</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="27%"></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">South Carolina</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">000-26926</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3">57-0965380</FONT></P></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">(State&nbsp;or&nbsp;Other&nbsp;Jurisdiction&nbsp;of&nbsp;Incorporation)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">(Commission&nbsp;File&nbsp;Number)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">(I.R.S.&nbsp;Employer&nbsp;Identification</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Number)</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3">6 Logue Court, Greenville, South Carolina 29615 </FONT></P> <P STYLE="line-height:1px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">(Address, Including Zip Code, of Principal Executive Offices) </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(864)
288-2432&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">(Registrant&#146;s Telephone Number, Including Area
Code) </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(Former Name or Former Address, if Changed Since Last Report) </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">[&nbsp;&nbsp;] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">[&nbsp;&nbsp;] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">[&nbsp;&nbsp;] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">[&nbsp;&nbsp;] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="14%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;2.01.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Completion of Acquisition or Disposition of Assets </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">On April&nbsp;15, 2011, ScanSource, Inc. (the &#147;Company&#148;), through its wholly-owned subsidiary, ScanSource do Brasil Participa&ccedil;&otilde;es LTDA (the &#147;Buyer&#148;), completed its
acquisition of all of the shares of CDC Brasil S.A., formerly called CDC Brasil Distribuidora LTDA, a corporation organized under the laws of the Federative Republic of Brazil (&#147;CDC&#148;) from Alexandre Machado De Campos Conde, Marcelo Duarte
Hirsch, Gustavo Conde, Rosania De Souza Possebom, Juliane Possebom, Daniele Possebom, Gabriela Possebom, Adolar Nardes J&uacute;nior and Caio Vin&iacute;cius Domingos Nardes (collectively, the &#147;Sellers&#148;) pursuant to the Share Purchase and
Sale Agreement dated April&nbsp;7, 2011. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pursuant to the Agreement, the Buyer paid R$57,300,000 (or approximately
$36,590,000) on the closing (the &#147;Closing&#148;) to the Sellers directly or to an escrow agent (the &#147;Closing Payment&#148;). Additional amounts are payable to Sellers pursuant to a annual earn-out through June&nbsp;30, 2015. A substantial
portion of the Closing Payment is being held by an independent escrow agent and will be available to cover certain contingent liabilities of CDC and/or indemnification claims under the Agreement. The total potential purchase consideration for CDC,
without assuming any increase or decrease in earnings, is approximately R$103,000,000 (approximately $65,500,000). In connection with the Closing the Buyer entered into officer agreements with key personnel of CDC. </FONT></P>
<P STYLE="font-size:24px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="14%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;5.02</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Departure of Directors; Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
</B></FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In connection with the Closing, the Compensation Committee of the Company&#146;s board of directors on
April&nbsp;13, 2011 approved discretionary bonuses for the Company&#146;s employees involved in the transaction, including, the following named executive officers in the following amounts: Andrea D. Meade, Executive Vice President of Operations and
Corporate Development ($40,000); John J. Ellsworth, Vice President, General Counsel and Corporate Secretary ($25,000); and Richard Cleys, Vice President and Chief Financial Officer ($15,000). </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="14%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;9.01.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Financial Statements and Exhibits </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d)
</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="86%"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Exhibit&nbsp;2.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Share Purchase and Sale Agreement by and among ScanSource DO Brasil Participa&ccedil;&otilde;es LTDA as Buyer; Alexandre Machado De Campos Conde, Marcelo Duarte Hirsch, Gustavo
Conde, Rosania De Souza Possebom, Juliane Possebom, Daniele Possebom, Gabriela Possebom, Adolar Nardes J&uacute;nior and Caio Vin&iacute;cius Domingos Nardes as Sellers; and CDC Brasil S.A., formerly called CDC Brasil Distribuidora LTDA, AECO
Participa&ccedil;&otilde;es LTDA, Rhouse Participa&ccedil;&otilde;es LTDA and Nardes Administra&ccedil;&atilde;o LTDA (as Agreeing Parties) dated April&nbsp;7, 2011.</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Exhibit&nbsp;99.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Press Release issued by ScanSource, Inc. on April&nbsp;15, 2011.</FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SIGNATURES </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:7%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0">

<TR>
<TD WIDTH="42%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="43%"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">ScanSource, Inc.</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Date: April&nbsp;15, 2011</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Michael L. Baur</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Michael L. Baur</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Its:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chief Executive Officer</FONT></TD></TR></TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.1
<SEQUENCE>2
<FILENAME>dex21.htm
<DESCRIPTION>SHARE PURCHASE AND SALE AGREEMENT
<TEXT>
<HTML><HEAD>
<TITLE>Share Purchase and Sale Agreement</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Exhibit 2.1 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>SHARE PURCHASE AND SALE AGREEMENT </B></FONT></P> <P STYLE="margin-top:48px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>SCANSOURCE DO BRASIL PARTICIPA&Ccedil;&Otilde;ES LTDA
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>(as Buyer) </B></FONT></P>
<P STYLE="margin-top:36px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>ALEXANDRE MACHADO DE CAMPOS CONDE </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>MARCELO DUARTE HIRSCH </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>GUSTAVO CONDE </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>ROSANIA DE SOUZA POSSEBOM </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>JULIANE POSSEBOM </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>DANIELE
POSSEBOM </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>GABRIELA POSSEBOM </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>ADOLAR NARDES J&Uacute;NIOR </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>CAIO VINICIUS DOMINGOS NARDES </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>(as Sellers) </B></FONT></P> <P STYLE="margin-top:60px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>CDC BRASIL S.
A. formerly called CDC Brasil DISTRIBUIDORA LTDA. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>AECO PARTICIPA&Ccedil;&Otilde;ES LTDA. </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>RHOUSE PARTICIPACOES LTDA. </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>NARDES ADMINISTRA&Ccedil;&Atilde;O LTDA. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>(as Agreeing Parties) </B></FONT></P> <P STYLE="margin-top:42px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Dated April&nbsp;7, 2011 </B></FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><U>TABLE OF CONTENTS</U> </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Page</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>1. PURCHASE AND SALE</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">1.1. ACQUISITION AND SALE OF THE SHARES</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">1.2. TRANSFER OF SHARES</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>2. PURCHASE PRICE</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">2.1. PURCHASE PRICE; PAYMENT OF PURCHASE PRICE</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">2.2 &nbsp;ESCROW</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">2.3. TARGET COMPANY OPERATING MODEL</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">2.4. PURCHASE PRICE PAYMENT GUARANTY</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>3. SPECIFIC CONDITIONS PRIOR TO CLOSING</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">3.1. SPECIFIC CONDITIONS PRIOR TO CLOSING</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">3.2. WAIVER OF CONDITIONS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>4. CLOSING</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">4.1. SIGNING AND CLOSING DATE</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">4.2. DELIVERABLES AT CLOSING BY SELLERS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">4.3. DELIVERABLES AT CLOSING BY BUYER</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5. REPRESENTATIONS AND WARRANTIES OF SELLERS</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.1. ORGANIZATION</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.2. CAPITALIZATION, OWNERSHIP OF THE SHARES</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.3. AUTHORIZATIONS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.4. RESTRICTIONS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">14</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.5. FINANCIAL STATEMENTS AND BALANCE SHEETS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">14</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.6 ACCOUNTING BOOKS; RECORDS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">14</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.7 ABSENCE OF CERTAIN CHANGES OR EVENTS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">14</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.8. ASSETS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.9. REAL PROPERTY AND LEASES</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.10. INVENTORIES</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.11. COMPLIANCE WITH LAWS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.12. ABSENCE OF UNDISCLOSED LIABILITIES</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.13. AGREEMENTS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.14. ACCOUNTS RECEIVABLE</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">18</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.15. ACCOUNTS PAYABLE</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">18</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.16. INDEBTNESS, BANK ACCOUNTS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">18</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.17 INSURANCE</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">19</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.18. ABSENCE OF CREDITS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">19</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.19. TAXES</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">19</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.20. LICENSES AND PERMITS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.21. LITIGATION</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.22. LABOR AND EMPLOYEES</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">20</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.23. EMPLOYEES; EMPLOYEE BENEFIT MATTERS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.24. EMPLOYEES&#146; INJURIES</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.25. LABOR UNION ACTIVITY</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.26. INTELLECTUAL PROPERTY</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.27. SOFTWARE</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">22</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.28. ENVIRONMENTAL</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">22</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.29. BROKERAGE AND FINDER&#146;S FEES</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">23</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.30. NO MATERIAL ADVERSE CHANGE</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.31. ACTIVITIES</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.32. RELATED PARTY LOANS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 2 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.33. TARGET COMPANY SALES</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">24</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.34. CUSTOMER AND SUPPLIERS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">24</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.35. CERTAIN BUSINESS PRACTICES</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">24</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.36. INTERNAL CONTROLS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">25</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.37. CONFLICTS OF INTEREST</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">25</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.38. SOLVENCY</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">26</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.39. PRODUCT WARRANTY</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">26</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.40. PRODUCT LIABILITY</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">26</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">5.1.41. CUSTOMER WARRANTY CLAIMS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">26</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>6. REPRESENTATIONS AND WARRANTIES OF BUYER</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">27</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">6.1 REPRESENTATIONS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">27</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">6.2 RESTRICTIONS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">27</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">6.3. NON-COMPETITION</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">27</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">6.4. CORPORATE AUTHORIZATION</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">27</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">6.5. GOVERNMENTAL AUTHORIZATION</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">27</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">6.6. NO CLAIMS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">27</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">6.7. DATA ROOM</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">27</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">6.8. PURCHASE FOR INVESTMENT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">27</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>7. ADDITIONAL COMMITMENTS</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">28</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">7.1. REGULAR COURSE OF BUSINESS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">28</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">7.2. PUBLIC ANNOUNCEMENTS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">28</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">7.3. POST-CLOSING OBLIGATIONS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">29</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">7.4. BRAZILIAN COMPETITION AUTHORITIES</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">29</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">7.5. CONVERSION TO JUNE 30 FISCAL YEAR END</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">30</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">7.6. PAYMENT OF TAXES RESULTING FROM SALE OF THE SHARES</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">30</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>8. NON-COMPETITION AND NON-SOLICITATION</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">30</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">8.1. NON-COMPETITION DEFINITIONS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">30</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">8.2. NON-COMPETITION OBLIGATIONS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">31</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">8.3. DAMAGES FOR BREACH</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">32</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>9. CONFIDENTIALITY</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">33</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">9.1. CONFIDENTIALITY OBLIGATIONS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">33</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">9.2. TERM OF CONFIDENTIALITY OBLIGATIONS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">33</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>10. TERMINATION</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">33</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">10.1. TERMINATION</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">33</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">10.2. TERMINATION FEE BY REASON OF BREACH</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">34</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">10.3. PROCEDURE UPON TERMINATION</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">34</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>11. INDEMNIFICATION</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">34</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">11.1. SURVIVAL OF REPRESENTATIONS, WARRANTIES AND AGREEMENTS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">34</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">11.2. INDEMNIFICATION</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">35</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">11.3. LIMITATION ON INDEMNIFICATION</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">36</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">11.4. PROCEDURE FOR INDEMNIFICATION WITH RESPECT TO THIRD PARTY CLAIMS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">37</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">11.5. PROCEDURE FOR INDEMNIFICATION WITH RESPECT TO NON-THIRD PARTY CLAIMS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">39</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>12. CONDITIONS PRECEDENT TO BUYER&#146;S OBLIGATION TO CLOSE</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">39</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">12.1. REPRESENTATIONS AND WARRANTIES</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">40</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">12.2. NO INJUNCTION</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">40</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">12.3. GOVERNMENTAL AND REGULATORY CONSENTS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">40</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">12.4. NO LITIGATION</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">40</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>13. MISCELLANEOUS PROVISIONS</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">40</FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 3 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">13.1. SUCCESSORS AND ASSIGNS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">40</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">13.2. EXPENSES</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">40</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">13.3. NOTICES</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">40</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">13.4. ENTIRE AGREEMENT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">41</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">13.5. AMENDMENTS</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">41</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">13.6. SEVERABILITY</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">42</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">13.7. LANGUAGE</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">42</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">13.8. GOVERNING LAW</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">42</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">13.9. LAW DISPUTE RESOLUTION</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">42</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>14. DEFINITIONS</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">43</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 4 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><U>SHARE PURCHASE AND SALE AGREEMENT</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">This Share Purchase and Sale Agreement (the &#147;<B>Agreement</B>&#148;) is entered into on April&nbsp;7, 2011, by and between: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>I.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCANSOURCE DO BRASIL PARTICIPA&Ccedil;&Otilde;ES LTDA.</B><B></B>,<B></B> a limited liability
company duly organized and existing under the laws of the Federative Republic of Brazil, with its head office at Avenida Brigadeiro Faria Lima, 1903, cj. 141 &#150; Sala 1 Sao Paulo, SP, enrolled with the CNPJ/MF under the No.13.287.930/0001-10 a
company organized by ScanSource Europe BV and 4100 Quest, LLC. as a vehicle to purchase the Shares involved in this Transaction (hereinafter &#147;<B>Buyer</B>&#148;); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>II.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ALEXANDRE MACHADO DE CAMPOS CONDE, </B>Brazilian, married under the separate property ruling, businessman, ID Card No.&nbsp;14.763.080 SSP/SP and Individual
Taxpayer&#146;s Registry (CPF/MF) No.&nbsp;027.134.198-08, resident and domiciled in Alameda Topazio, 1006 Residencial 09 &#150; Santana do Parnaiba &#150; SP - CEP 06540-235 (hereinafter &#147;<B>ALEXANDRE</B>&#148;); </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>III.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MARCELO DUARTE HIRSCH, </B>Brazilian, married under the separate property ruling, businessman, ID Card
No.&nbsp;24.899.169-3 SSP/SP and Individual Taxpayer&#146;s Registry (CPF/MF) No.&nbsp;256.149.038-60, resident and domiciled in Rua Padre Jo&atilde;o Manuel, n&deg; 888, apto. 71,Cerqueira Cesar, S&atilde;o Paulo/SP &#150; Zip Code: 01411-000
(hereinafter &#147;<B>MARCELO</B>&#148;); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>IV.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GUSTAVO CONDE,</B> Brazilian, single, businessman,
ID Card No.&nbsp;25.545.367-X SSP/SP and Individual Taxpayer&#146;s Registry (CPF/MF) No.&nbsp;299.394.638-20, resident and domiciled in Rua Alves Guimar&atilde;es, n&deg; 518, apto. 53, Pinheiros, S&atilde;o Paulo/SP &#150; Zip Code: 05410-000
(hereinafter &#147;<B>GUSTAVO</B>&#148;); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>V.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ROSANIA DE SOUZA POSSEBOM,</B> Brazilian,
widow, businesswoman, ID Card No.&nbsp;4.051.973-4 SSP/PR and Individual Taxpayer&#146;s Registry (CPF/MF) No.&nbsp;656.421.049-34, resident and domiciled in Rua Durval de Morais, n&ordm; 550, Jardim das Am&eacute;ricas, Curitiba &#150; PR &#150;
Zip Code: 81530-460 (hereinafter &#147;<B>ROSANIA</B>&#148;); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>VI.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JULIANE POSSEBOM,</B>
Brazilian, single, student, ID Card No.&nbsp;8.403.498-3 SSP/PR and Individual Taxpayer&#146;s Registry (CPF/MF) No.&nbsp;006.202.929-03, resident and domiciled in Rua Durval de Morais, n&ordm; 550, Jardim das Am&eacute;ricas, Curitiba &#150; PR
&#150; Zip Code: 81530-460 (hereinafter &#147;<B>JULIANE</B>&#148;); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>VII.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DANIELE POSSEBOM,</B>
Brazilian, single, student, ID Card No.&nbsp;9.060.842-8 SSP/PR and Individual Taxpayer&#146;s Registry (CPF/MF) No.&nbsp;045.443.639-42, resident and domiciled in Rua Durval de Morais, n&ordm; 550, J ardim das Am&eacute;ricas, Curitiba &#150; PR
&#150; Zip Code: 81530-460 (hereinafter &#147;<B>DANIELE</B>&#148;); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>VIII.&nbsp;&nbsp;&nbsp;&nbsp;GABRIELA POSSEBOM,</B> Brazilian,
single, student, minor, born on 04/26/2000, ID Card No.&nbsp;10.160.062&middot;9 SSP/PR and Individual Taxpayer&#146;s Registry (CPF/MF) No.&nbsp;045.443.679-30, resident and domiciled in Rua Durval de Morais, n&ordm; 550, Jardim das
Am&eacute;ricas, Curitiba &#150; PR &#150; Zip Code: 81530-460, herein represented by her legal representative ROSANIA, as per article 1.689, II of the Brazilian Civil Code (hereinafter &#147;<B>GABRIELA</B>&#148;); </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>IX.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ADOLAR NARDES J&Uacute;NIOR, </B>Brazilian, married under the separate property ruling, businessman, ID
Card No.&nbsp;3.941.201-2 SSP/PR and Individual Taxpayer&#146;s Registry (CPF/MF) No.&nbsp;621.789.209-00, resident and domiciled in Rua Prefeito Angelo Lopes, n&deg; 2579, apto. 401, </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 5 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
Hugo Lange, Curitiba/PR &#150; Zip Code: 80040-252 (hereinafter &#147;ADOLAR&#148;); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>X.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CAIO VIN&Iacute;CIUS DOMINGOS NARDES,</B> Brazilian, single, businessman, ID Card No.&nbsp;8.249.544-4 SSP/PR and Individual Taxpayer&#146;s Registry (CPF/MF)
No.&nbsp;006.211.439-52, resident and domiciled in Prefeito Angelo Lopes, n&deg; 2579, apto. 401, Hugo Lange, Curitiba/PR &#150; Zip Code: 80040-252&nbsp;&nbsp;&nbsp;(hereinafter &#147;<B>CAIO</B>&#148;); </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>ALEXANDRE, MARCELO, GUSTAVO, ROSANIA, JULIANE, DANIELE, GABRIELA, ADOLAR</B> and <B>CAIO</B> are hereinafter referred to , collectively, as the
&#147;Sellers&#148; and, each individually, as a &#147;<B>Seller</B>&#148;; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>XI.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CDC BRASIL
S. A. formerly called CDC BRASIL DISTRIBUIDORA LTDA.</B>, a corporation duly organized and existing under the laws of the Federative Republic of Brazil, with its head offices in the City of Curitiba, State of Paran&aacute;, at Avenida Rui Barbosa,
n&ordm; 2529, Galp&atilde;o 12, Bairro Jardim Ip&ecirc;, enrolled with the CNPJ/MF under the No.&nbsp;05.607.657/0001-35, herein represented as per its bylaws, (hereinafter &#147;<B>Target Company</B>&#148;); </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>XII.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AECO PARTICIPA&Ccedil;&Otilde;ES LTDA.,</B> a limited liability company duly organized and existing
under the laws of the Federative Republic of Brazil, with its head offices at Av. Ceci, n&ordm; 608, Galp&atilde;o 15, Sala B, Barueri &#150; SP, CNPJ/MF No.&nbsp;04.266.963/0001-92 (hereinafter &#147;<B>AECO</B>&#148;); </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>XIII.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RHOUSE PARTICIPA&Ccedil;&Otilde;ES LTDA., </B>a limited liability company duly organized and existing under
the laws of the Federative Republic of Brazil, with its head offices at Rua Durval de Morais, n&deg; 550, Jardim das Am&eacute;ricas, CEP 81.530-460, Curitiba &#150; PR CNPJ/MF No.&nbsp;05.513.721/0001-19 (hereinafter &#147;<B>RHOUSE</B>&#148;);
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>XIV.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NARDES ADMINISTRA&Ccedil;&Atilde;O LTDA.,</B> a limited liability company duly organized and
existing under the laws of the Federative Republic of Brazil, with its head offices at Rua Marechal Humberto de Alencar Castelo Branco, n&ordm; 986, Cj. 102, Cristo Rei, Curitiba &#150; PR, CEP: 82.530-020, CNPJ/MF No.&nbsp;04.785.857/0001-15
(hereinafter &#147;<B>NARDES</B>&#148;); and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>CDC BRASIL S.A., AECO, RHOUSE</B> and <B>NARDES</B> are hereinafter referred to,
collectively, as the &#147;Agreeing Parties&#148; and, each individually, as an &#147;Agreeing Party&#148;. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Buyer, on the one hand, and
Sellers, on the other hand, may be referred to herein, collectively, as the &#147;<B>Parties</B>&#148; and, each individually, as a &#147;<B>Party</B>&#148;,; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B><U>WHEREAS</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ALEXANDRE, MARCELO</B>
and <B></B><B>GUSTAVO</B> own, in the aggregate, one hundred percent (100%)&nbsp;of the quotas of AECO; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ROSANIA, JULIANE, DANIELE</B> and <B>GABRIELA</B> own, in the aggregate, one hundred percent
(100%)&nbsp;of the quotas of RHOUSE; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ADOLAR</B> and <B>CAIO</B> own, in the
aggregate, one hundred percent (100%)&nbsp;of the quotas of NARDES; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Agreeing Parties own, in the aggregate, one hundred percent (100%)&nbsp;of the shares of the <B>Target Company </B>(the &#147;<B>Shares</B>&#148;), a company with the social purpose of commerce; industry; and the export, import, wholesale purchase
and sale, lease and maintenance of information technology products: electronic products; machinery, informatics and office </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 6 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
equipment and peripherals, computer programs, supplies, parts and pieces; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The Sellers as indirect owners of the <B>Target Company</B>, desire to
sell to the Buyer, and the Buyer desires to purchase from the Sellers, one hundred percent (100%)&nbsp;of the Shares of the <B>Target Company</B>; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>F.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Although still under the ownership of the Agreeing Parties, one hundred percent (100%)&nbsp;of the Shares are being transferred to the
Sellers, in the proportion described in Section&nbsp;1.2. of this Agreement, through the social restructuring of the Agreeing Parties currently underway, which restructuring shall be effected between the date hereof and the Closing Date and which
shall be a condition precedent pursuant to Section&nbsp;3.1(a) hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>NOW, THEREFORE</B>, in consideration of the foregoing and
other promises and agreements herein contained, the Parties agree as follows: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>PURCHASE AND SALE</U></B> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acquisition and Sale of the Shares.</B> Under the terms and conditions of this Agreement,
the Sellers hereby sell and transfer to the Buyer, free and clear of all Liens, Claims, options and charges whatsoever, and the Buyer hereby purchases and accepts from the Sellers, all right, title and interest related to the Shares, for the prices
established in this Agreement (the &#147;<B>Transaction</B>&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>1.2.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Shares shall be sold and transferred to the Buyer, by each of the Sellers, as follows: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="justify"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS 2">&#151;</FONT></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT></FONT></P></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>ALEXANDRE</B> shall transfer four million two hundred thousand (4,200,000)&nbsp;Shares of the Target Company to the Buyer which are equivalent to thirty
five percent (35%)&nbsp;of all of the Shares of the Target Company; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="justify"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS 2">&#151;</FONT></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT></FONT></P></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>MARCELO </B>shall transfer one million two hundred thousand (1,200,000)&nbsp;Shares of the Target Company to the Buyer, which are equivalent ten percent
(10%)&nbsp;of all of the Shares of the Target Company; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="justify"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS 2">&#151;</FONT></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT></FONT></P></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>GUSTAVO</B> shall transfer six hundred thousand (600,000)&nbsp;Shares of the Target Company to the Buyer, which are equivalent to five percent (5%)&nbsp;of
all of the Shares of the Target Company; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="justify"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS 2">&#151;</FONT></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT></FONT></P></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>ROSANIA </B>shall transfer one million five hundred and one thousand, five hundred (1,501,500)&nbsp;Shares of the Target Company to the Buyer, which are
equivalent to twelve and forty-one eightieths percent (12.5125% ) of all of the Shares of the Target Company; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="justify"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS 2">&#151;</FONT></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT></FONT></P></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>JULIANE</B> shall transfer four hundred ninety-nine thousand five hundred (499,500)&nbsp;Shares of the Target Company to the Buyer, which are equivalent to
four and thirteen-eightieths percent (4.1625%)&nbsp;of all of the Shares of the Target Company; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="justify"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS 2">&#151;</FONT></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT></FONT></P></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>DANIELE </B>shall transfer four hundred ninety-nine thousand five hundred (499,500)&nbsp;Shares of the Target Company to the Buyer, which are equivalent to
four and thirteen-eightieths percent (4.1625%)&nbsp;of all of the Shares of the Target Company; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="justify"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS 2">&#151;</FONT></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT></FONT></P></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>GABRIELA</B> shall transfer four hundred ninety-nine thousand five hundred (499,500)
</FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 7 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
Shares of the Target Company to the Buyer, which are equivalent to four and thirteen-eightieths percent (4.1625%)&nbsp;of all of the Shares of the Target Company; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="justify"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS 2">&#151;</FONT></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT></FONT></P></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>ADOLAR </B>shall transfer two million nine hundred seventy thousand (2,970,000)&nbsp;Shares of the Target Company to the Buyer, which are equivalent to
twenty-four and three-fourths percent (24.75%)&nbsp;of all of the Shares of the Target Company; and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="justify"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS 2">&#151;</FONT></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"></FONT></FONT></P></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>CAIO</B> shall transfer thirty thousand (30,000)&nbsp;Shares of the Target Company to the Buyer, which are equivalent to one fourth of one percent (0.25%)
of all of the Shares of the Target Company. </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>PURCHASE PRICE</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>2.1. Purchase Price; Payment of Purchase Price.</B> For the selling and transfer of the Shares, the Parties agree that the Buyer shall pay to
the Sellers a purchase price to be comprised of the following payments (the &#147;<B>Purchase Price</B>&#148;): </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(a) a portion of the
Purchase Price in the aggregate amount of R$57,300,000.00 calculated as per <U>Exhibit 2.1.(a)</U> less the Escrow Amount shall be paid by the Buyer to the Sellers (pro rata in accordance with their ownership of the Shares) by wire transfer of
immediately available funds at the Closing Date pursuant to the Seller&#146;s wire instructions attached hereto as <U>Exhibit 2.1.(b)(1)(e)</U>, and the Escrow Amount shall be deposited on the Closing Date in accordance with Section&nbsp;2.2.
Notwithstanding the foregoing, in the event Sellers make any accruals or payments of Indemnifiable Claims prior to the Closing Date, such amounts, net of actual tax benefits, shall be deducted from the initial purchase price of R$ 57.3&nbsp;million
and for only Section&nbsp;11.2.(a)(iii) (Importation of Thermal Printer) Indemnifiable Claims any payments will also be deducted from the required Escrow Amount. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">(b) the remaining portion of the Purchase Price shall be paid by the Buyer to the Sellers as an earn-out, subject to and in accordance with the provisions set forth on <U>Exhibit 2.1.(b)(1)</U> (Earn-out
Calculation) and <U>Exhibit 2.1.(b)(2)</U> (Net Income Calculation). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>2.2 Escrow. </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="justify"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(a)</FONT></P></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">At the Closing Date, the Buyer shall deliver to HSBC Brasil (the &#147;<B>Escrow Agent</B>&#148;) an amount equal to the sum of R$40,000,000.00
(&#147;<B>Escrow Amount</B>&#148;) to be held in an interest bearing account pursuant to the terms of the escrow agreement which shall be attached hereto as <U>Exhibit 2.2</U>. at or prior to the Closing Date.&nbsp;The escrow account interest shall
inure to the benefit of the Sellers unless the Indemnifiable Claims exceed the principal Escrow Amount in which case the Sellers&#146; escrow interest shall apply to any such excess. All Indemnifiable Claims must be completely and finally resolved
by formal written order, ruling or confirmation from the applicable Brazilian government regulator or customs or taxing authority (&#147;<B>Indemnifiable Escrow Claim Settlement</B>&#148;) prior to the five-year anniversary of the Closing Date and
prior to the release of any escrow amounts. The Escrow Amount shall consist of three separate escrows. </FONT></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="justify"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">1.</FONT></P></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">The first escrow of R$15,000,000.00 shall be for unknown or potential Indemnifiable Claims (&#147;<B>Indemnity Escrow</B>&#148;). Provided that there are no
Indemnifiable Claims in excess of R$40,000, singly or in the aggregate which Sellers do not pay in full directly with full satisfaction and release, then the Buyer will agree to release half of this escrow, R$7,500,000.00, two and a half years
following the Closing Date. </FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 8 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="justify"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">2.</FONT></P></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">The second escrow of R$11,000,000.00 shall be for known Tax and customs and duties Liabilities related to the thermal printer customs issue as described in
Section&nbsp;5.1.19.1. (&#147;<B>Thermal Printer Escrow</B>&#148;). In the event of an Indemnifiable Escrow Claim Settlement for the Thermal Printer Escrow issue for an amount less than R$11,000,000.00, then the Escrow Agent shall be instructed by
the Buyer and the Sellers in writing to release to the Sellers the difference between the Thermal Printer Escrow and the amount of such settlement. </FONT></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="justify"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">3.</FONT></P></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">The third escrow of R$14,000,000.00 shall be for the IPI tax collection issue as described in Section&nbsp;5.1.19.2. (&#147;<B>IPI Escrow</B>&#148;). Upon
receipt of a written IPI tax collection notice, the difference between such notice amount and the IPI Escrow shall be addressed as follows: (i)&nbsp;if the notice amount is less than the IPI Escrow, the Escrow Agent shall be instructed by the Buyer
and the Sellers to release such difference to the Sellers; (ii)&nbsp;if the notice amount is more than the IPI Escrow, then the Buyer shall deposit any Earn-Out payments to the IPI Escrow to satisfy such difference. In the event of an Indemnifiable
Escrow Claim Settlement for the IPI Escrow issue for an amount less than R$14,000,000.00 adjusted for the notice amount, then the Escrow Agent shall be instructed by the Buyer and the Sellers in writing to release the difference between the IPI
Escrow and the amount of such settlement. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">In the event the Sellers elect to litigate any Indemnifiable Claims beyond
the five-year anniversary of the Closing Date, an escrow or guarantee shall be provided by Sellers to Buyer to cover the maximum amount of the contingent Liability related thereto, as calculated by the Buyer&#146;s accountants, for a term
satisfactory to the Buyer. In the event that any Indemnifiable Claims deplete or reduce the Thermal Printer Escrow, the IPI Escrow, or the Indemnity Escrow, to the extent an escrow becomes insufficient to guarantee the potential payment of such
Indemnifiable Claim, any Earn-Out payments shall be off-set to satisfy the applicable escrow account Claim.&nbsp;Notwithstanding the foregoing, this escrow provision shall in no way limit the Target Company&#146;s and/or the Sellers&#146;
indemnification obligations contained in the Agreement. The Escrow Account fees will be deducted from the account and/or paid by the Sellers. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">(b) With respect to any adverse Tax consequences that may inure to the Buyer, including, without limitation, the loss of Tax deductions for goodwill amortization, as a result of any Indemnifiable Claims, then the
options stated in i. and ii. below shall apply. The intent of the Buyer and the Sellers is to minimize penalties applicable to Indemnifiable Claims: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="justify"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">i.</FONT></P></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">If the Sellers execute an Indemnifiable Escrow Claim Settlement related to the IPI tax collection issue as described in Section&nbsp;5.1.19.2. within thirty
(30)&nbsp;days upon receipt of a written IPI tax collection notice, then to the extent that all cumulative penalties on Indemnifiable Claims exceed R$11,000,000.00 from the Closing Date, the Sellers shall reimburse the Buyer for the adverse tax
consequences to the Buyer including, without limitation,&nbsp;the&nbsp;loss of tax deduction for goodwill amortization, for cumulative penalties in excess of R$11,000,000.00.&nbsp;Amounts for such adverse consequences shall become due upon each
individual settlement. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="justify"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">ii.</FONT></P></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">If the Sellers do not execute an Indemnifiable Escrow Claim Settlement related to the IPI tax collection issue as described in Section&nbsp;5.1.19.2. within
thirty (30)&nbsp;days upon receipt of a written IPI tax collection notice, then to the extent that all cumulative penalties on Indemnifiable Claims exceed R$7,500,000.00 from the Closing Date, the Sellers shall reimburse the Buyer for the adverse
tax consequences to the Buyer including, without limitation,&nbsp;the&nbsp;loss of tax deduction </FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 9 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="12%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
for goodwill amortization, for cumulative penalties in excess of R$7,500,000.00.&nbsp;Amounts for such adverse consequences shall become due upon each individual settlement.
</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>2.3. Target Company Operating Model. </B>In accordance with the Transaction, during the Earn-Out Period, the
Target Company will operate under the terms and conditions established in <U>Exhibit 2.3.</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>2.4. Purchase Price Payment Guaranty.
</B>The purchase price payment guaranty shall be attached as <U>Exhibit 2.4.</U> </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>3.&nbsp;&nbsp;<U>SPECIFIC CONDITIONS PRIOR TO
CLOSING</U> </B></FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>3.1. </B>The specific conditions to be satisfied prior to the Closing Date, in addition to other conditions provided
herein, are as follows: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(a) The Sellers shall present proof of registration before the competent Commercial Board of all corporate
documents related to the capital reduction of the Agreeing Parties, transferring the Shares of the Target Company held by the Agreeing Parties to the Sellers; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">(b) The Sellers shall present all of the Target Company&#146;s original books duly registered before the Board of Trade of the State of Paran&aacute;, with all registers and transfers of Shares duly made in a true,
and correct form up to the Closing Date, as required by Brazilian Law, and the Sellers shall represent and attest that there are no Liens or encumbrances on any of such Shares that affect and/or may potentially affect the sale and transfer of such
Shares with all property, voting and any other rights related to the Shares from the Sellers to the Buyers. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(c) The representations and
warranties of the Buyer, the Sellers and the Target Company set forth in this Agreement shall be true, complete and correct in all material respects as of the Closing Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">(d) The absence of a Relevant Adverse Effect with respect to the Target Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(e)
<B>ALEXANDRE</B>, <B>MARCELO</B>, and <B>ADOLAR</B> shall enter into an Officers&#146; Service Agreement with the Buyer and/or the Target Company, as per the terms and conditions set forth in <U>Exhibit 3.1.(e)</U> which shall be inserted at or
prior to the Closing Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(f) The continued operation of the Target Company&#146;s business in the Ordinary Course of Business as
provided for herein. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(g) The filing and obtaining of the authorizations, consents or approvals of, or declarations or filings with, or
the expiration of waiting periods imposed by, any Governmental Authorities set forth on <U>Exhibit 3.1.(g)</U> and the provision of copies of the same to the Buyer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">(h) The Transaction and all necessary actions to accomplish this Definitive Agreement and all transactions contemplated thereby shall be approved of a meeting of the shareholders at the Target Company, and the
Buyer shall produce a Corporate Secretary&#146;s certificate certifying as to a similar resolution of its Board of Directors. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(i) The
receipt by the Buyer of required change of control authorizations in writing granted by all </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 10 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
those third parties contracting with the Target Company; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(j) The maintenance of
all of the Target Company&#146;s bank credit lines in the minimum amount of R$10,000,000 under the same terms and conditions originally agreed with any such financial institutions, and the maintenance of all other types of funding arrangements in
compliance with all covenants contained therein; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(k) Bematech&#146;s written confirmation and reconciliation as of December&nbsp;31,
2010 of Bematech&#146;s and theTarget Company&#146;s payables and receivables prior to the Closing Date as set forth <U>Exhibit 3.1(k)</U>. Such reconciliation report shall be issued on Bematech&#146;s and the Target Company&#146;s letterhead and
duly signed by Bematech&#146;s and the Target Company&#146;s management. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(l) The Target Company shall enter into employment agreements
with the following individuals: Jo&atilde;o Carlos Alonso dos Santos; Leandro Teixeira de Mello; Ricardo Paes de Barros Cintra; Fernando de Oliveira Gomes; </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">(m) The Buyer is to provide Sellers with a copy of the by-laws or articles of association of the Buyer, as well as the corporate documents appointing their legal representatives who shall sign this Agreement;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(n) A legal opinion from counsel to the Sellers and the Target Company, as set forth in <U>Exhibit 4.2.(vi)(a)-(e)</U>, dated as of the
date of this Agreement, addressed to the Buyer and on which the Buyer and the Buyer&#146;s lenders shall be entitled to rely; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(o) Court
authorization approving the minor shareholder, Gabriela Possebom, entering into the Transaction contemplated by this Agreement, as per court decision issued on March&nbsp;24, 2011 as set forth in <U>Exhibit 3.1 (o)</U>; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(p) The Sellers shall classify and remit thermal printer import duties in accordance with Brazilian Revenue regulations asserted in 2009 (currently
16%); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(q) [intentionally left blank]; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">(r) Completion of due diligence satisfactory to Buyer at Signing; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(s) Receipt and verification of
CD-Rom reflecting Data Room contents as of March&nbsp;18, 2011; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(t) Finalization and execution of escrow agreement, the final copy of
which shall be inserted into this Agreement as <U>Exhibit 2.2</U>; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(u) The Sellers to establish a new bank account for Gabriela
Possebom under the terms and conditions determined by the Judge of the Civil District Court of Curitiba (&#147;Conta de Deposito Judicial&#148;) as contained in <U>Exhibit 3.1.(o)</U>; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(v) Buyer&#146;s authorization for Gabriela&#146;s mother, Rosania, to provide Agreement confirmation such as Purchase Price, Buyer&#146;s name,
Sellers&#146; names, information of wire transfer (&#147;Prestacao de Contas&#148;) pursuant to the decision of the Judge of the Civil District Court of Curitiba as contained in <U>Exhibit 3.1.(o)</U>. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 11 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>3.2.</B> At its sole discretion, the Buyer may waive its right to request the fulfillment by the
Sellers of any such conditions prior to the Closing Date. Any such waiver shall be granted in writing and duly signed by the Buyer&#146;s legal representatives. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>4. SIGNING AND CLOSING </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>4.1. Signing Date.</B> This Agreement is being signed by the
Parties as of the date first set forth above (the &#147;<B>Signing Date</B>&#148;) at the offices of Almeida Advogados, at Av. Brigadeiro Faria Lima, 1461, South Tower, 16th floor, in the City of S&atilde;o Paulo, State of S&atilde;o Paulo, or at
such other place agreed to in writing by the Parties. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>4.1.2. Closing Date. </B>Subject to satisfaction or waiver of the conditions
precedent provided for in Sections 3 and 12 of this Agreement, the closing of this Agreement shall take place within five (5)&nbsp;Business Days from the date of the verification by the Buyer at the offices of Almeida Advogados, at Av. Brigadeiro
Faria Lima, 1461, South Tower, 16th floor, in the City of S&atilde;o Paulo, State of S&atilde;o Paulo, or at such other place agreed to in writing by the Parties. <B>&#147;<U>Closing Date</U>&#148; </B>means the date the Buyer wire transfers funds
to the Sellers, as demonstrated by the Buyer&#146;s wire transfer evidence. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>4.2.</B> Prior to the Closing Date, the Sellers shall
deliver to the Buyer (i)&nbsp;the Registry of Transfer of Shares of the Target Company evidencing the transfer of the Shares to the Buyer; (ii)&nbsp;the amendment to the articles of association of each of the Agreeing Parties that formalize the
transfer of their Shares to the Sellers, (iii)&nbsp;a certified copy of the registration before the competent Commercial Board of all corporate documents related to the capital reduction of the Agreeing Parties, transferring the Shares of Target
Company held by the Agreeing Parties to the Sellers; (iv)&nbsp;the Buyer and the Sellers shall enter into the superseding bank mandates and existing powers of attorney listed on <U>Exhibit 4.2.(iv)</U>; (v)&nbsp;such additional documents that might
be required to enable the closing to occur, (vi)&nbsp;a legal opinion from counsel to the Sellers and the Target Company as set forth in <U>Exhibit 4.2.(vi)(a)-(e)</U>, addressed to the Buyer and on which the Buyer and the Buyer&#146;s lenders shall
be entitled to rely and dated as of the date of this Agreement; (vii)&nbsp;an executed amendment to the current Bematech agreement to insure continuation of business post-closing; (viii)&nbsp;executed Officers&#146; Service Agreements with
<B>ALEXANDRE</B> , <B>MARCELO</B>, and <B>ADOLAR</B>; (ix)&nbsp;minutes of the Sellers&#146; shareholders&#146; meeting(s) approving this Agreement as set forth in <U>Exhibit 4.2.(ix)</U>; (x)&nbsp;Court authorization approving the minor quotaholder
or court order stating such court authorization is unnecessary for <B>GABRIELA</B> entering into the transaction contemplated by this Agreement, (xi)&nbsp;a signed third-party service agreement for P. de T. C. Alves Ltda., and (xii)&nbsp;a detailed
reconciliation of the Bematech accounts receivable and accounts payable balances (including, but not limited to, discounted collateral as security amounts) at December&nbsp;31, 2010 to the Bematech confirmation and shall include reconciling evidence
of receipt of subsequent credits for pricing, returns, and any other amounts due to or from the Target Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>4.3.</B> At the
Closing Date, the Buyer shall deliver to the Sellers the Purchase Price, in accordance with Section&nbsp;2.1. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;REPRESENTATIONS AND WARRANTIES OF SELLERS </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1</B>. According to the terms and conditions set forth in <U>Exhibit 5.1.</U>, Sellers jointly represent and warrant, as of the date hereof
and as of the Closing Date. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 12 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.a</B> For purposes of this Agreement, &#147;Best of Sellers&#146; Knowledge&#148; means the
actual knowledge, after due inquiry, of each of the Sellers. For purposes of the foregoing, &#147;Due Inquiry&#148; means with respect to each such Person (a)&nbsp;review of files and other information in his or her possession, custody or control or
of which such Person is actually or should be aware of <U>and</U> (b)&nbsp;inquiry of employees of the Target Company who have responsibilities pertinent in any respect to such inquiry and access to information in the possession, custody or control
of the Company and responsive thereto. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.b</B> Sellers&#146; knowledge qualifiers as have been inserted shall have no effect on
legal Liability or financial responsibility for said representations and warranties and any such knowledge qualifiers are only present for the sole purpose of such representation avoiding the creation of criminal misrepresentation. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.1. Organization</B>.&nbsp;&nbsp;The Target Company is duly organized, validly existing and in good standing under the laws of the Federative
Republic of Brazil and is qualified to do business in every jurisdiction in which it is required to qualify under applicable Law. The Target Company has the full corporate power and authority to own and operate its assets and properties and to carry
on its business. <U>Exhibit 5.1.1.(a)</U> contains a complete list of all of the Target Company&#146;s Subsidiaries and branches and the Sellers&#146; participation in any POS/AIDC company. Except as set out in <U>Exhibit 5.1.1.(b)</U>, the Sellers
and their Affiliates (i)&nbsp;have not been involved in any business arrangement or relationship with the Target Company within the past twelve months; (ii)are not indebted to the Target Company and are not owed any Credit by the Target Company; and
(iii)&nbsp;do not own any asset, tangible or intangible, which is used in the business of the Target Company. There are no shareholders&#146; agreements to which the Sellers and/or the Target Company may be bound. A true and correct copy of the
current bylaws of the Target Company is attached as <U>Exhibit 5.1.1.(c)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.2. Capitalization, Ownership of the Shares</B>.
The Target Company is properly capitalized and all of its respective Shares are duly authorized, validly issued and fully paid and are not subject to any preemptive rights. Attached hereto as <U>Exhibit 5.1.2.</U> is a true and correct list setting
forth the outstanding capital stock and equity interests of the Target Company, the full legal name of each shareholder of record and the total number of Shares held by each. The Sellers are, and at the Closing Date shall be, the direct and only
record owners of the Target Company&#146;s Shares, free and clear of any and all Liens. Upon registration of the transfer of Shares, the Buyer will have, as of and from the Closing Date, good and valid title to the Shares, free and clear of any
Lien. There are no outstanding or authorized options, warrants, purchase rights, conversion rights, exchange rights, or other contracts or commitments that could require the Target Company or any Seller to issue, repurchase, sell, transfer, or
otherwise dispose of any of the Target Company&#146;s capital stock or equity interests. There are no voting trusts, proxies or any other agreements or understandings with respect to the voting of the capital stock or equity interests of the Target
Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.3. Authorizations</B>.&nbsp;&nbsp;The Sellers have the legal right, power and authority to enter into this Agreement
and to transfer, assign and deliver the Shares as provided in this Agreement, subject to the terms hereof. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all
necessary corporate or other action of Sellers, the Agreeing Parties and the Target Company, and this Agreement constitutes the legal, valid and binding obligation of each of the Sellers, enforceable against the Sellers in accordance with its terms.
The entries in the Book of Transfer of Registered Shares and Book of Registry of Nominative Shares of the Company will convey to Buyer title to the Shares, free and clear of any and all Liens or encumbrances, security interests, agreements or Claims
of any kind whatsoever. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 13 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.4. Restrictions</B>. Sellers represent and warrant that the execution of this Agreement will
not: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.4.1</B>. violate any applicable Law; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>5.1.4.2</B>. conflict with or breach any obligation, title, agreement, commitment, promise, and/or any other obligation to which Target Company may be subject, or which it may have assumed; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.4.3</B>. violate or breach any provision of the Target Company&#146;s articles of association., bylaws or other governing documents;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.4.4.</B> require any filing with or notice to, or consent or approval of, any Governmental Authority or other Person, except for
the filing with the Brazilian Antitrust Authorities, as provided for in Section&nbsp;7.4.; or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.4.5. </B>result in the imposition
or creation of any Lien upon or with respect to the Shares or any of the assets of the Target Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.5. Financial Statements
and Balance Sheets</B>. To the Best of Sellers&#146; Knowledge, the audited financial statements for the fiscal years ended December&nbsp;31, 2008, 2009 and 2010, each of which is attached hereto as <U>Exhibit 5.1.5</U>. and the other financial
information concerning the Target Company provided for analysis by the Buyer and the Buyer&#146;s legal and financial advisors during their respective due diligences (collectively, the &#147;<B>Financial Statements</B>&#148;): (i)&nbsp;were prepared
in accordance with Brazilian GAAP applied on a consistent basis throughout the periods indicated therein, (ii)&nbsp;present fairly the financial position, results of operations and changes in cash flows of the Target Company as of such dates and for
the periods then ended, and (iii)&nbsp;are true, accurate and complete and in accordance with the books and records of the Target Company. The books and records of the Target Company are true, accurate and complete and have been maintained in
accordance with sound business practices, including the maintenance of an adequate system of internal controls. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.5.1. </B>Actual
results for fiscal year 2010 are in line with the projections presented, and there have been no significant changes in the terms or conditions with customers, vendors, practices or accounting policies to achieve those results including, but not
limited to, relaxing underwriting standards, loosening reserve guidelines, or offering special returns privileges. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.6. Accounting
Books</B>; <B>Records</B>. To the Best of Sellers&#146; Knowledge: (i)&nbsp;the accounting books and records of the Target Company are complete and exact and were drafted in accordance with Brazilian legal requirements and with Brazilian generally
accepted accounting principles, consistent with past practices (with exceptions legally mandated) (&#147;<B>Brazilian GAAP</B>`&#148;); (ii)&nbsp;the books and records reflect the registration of the financial, operational, property and control
matters of the Target Company; and (iii)&nbsp;all existing liabilities are properly recorded on the Preliminary Closing Balance Sheet and the Final Closing Balance Sheet. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7. Absence of Certain Changes or Events</B>.&nbsp;&nbsp;Except as set forth on <U>Exhibit 5.1.7.</U> attached hereto, from July&nbsp;1, 2010 through the Closing Date, the Target Company has not entered into
any agreement, transaction or arrangement outside the Ordinary Course of Business, and, without limiting the generality of the foregoing, the Target Company has not: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7.1 </B>taken any action to amend its articles of association or by-laws; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7.2 </B>sold
any ownership interest in the Target Company or granted any option to purchase </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 14 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
or subscribe for any of such interest; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7.3</B> incurred any obligation or
Liability, except Liabilities incurred and obligations entered into in the Ordinary Course of Business; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7.4 </B>mortgaged,
pledged, or subjected to any Lien, charge or any other encumbrance any of the Target Company&#146;s assets or properties; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7.5
</B>sold, assigned, or transferred any of the Target Company&#146;s material assets or entered into any material agreement to provide services, except in the Ordinary Course of Business of the Target Company; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7.6 </B>cancelled any debts or Claims of the Target Company, except in the Ordinary Course of Business; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7.7 </B>merged or consolidated the Target Company with or into any other entity; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7.8</B> made, accrued or become liable for any bonus, profit sharing or incentive payment, except for accruals under existing plans, if any,
or increased the rate of compensation payable or to become payable by it to any of the Target Company&#146;s officers or employees, other than increases in the Ordinary Course of Business consistent with past practice; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7.9 </B>made, accrued or become liable for any distribution, dividend or similar payment, except as disclosed in <U>Exhibit 5.1.7.9.</U>;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7.10</B> made any election or given any consent under the Code or the tax statutes of any state or other jurisdiction or made
any termination, revocation or cancellation of any such election or any consent or compromised or settled any Claim for past or present Tax due; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7.11 </B>knowingly and affirmatively waived any rights of the Target Company of material value; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7.12</B> modified, amended, altered or terminated any of the Target Company&#146;s contracts of a material value or which are material in
amount, except in the Ordinary Course of Business; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7.13</B> taken or permitted any act or omission constituting a breach or
default under any material contract, indenture or agreement by which the Target Company or the Target Company&#146;s properties are bound; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7.14</B> failed to (i)&nbsp;preserve the possession and control of the Target Company&#146;s assets and business, and (ii)&nbsp;preserve the goodwill of its customers, suppliers and others having business
relations with the Target Company; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7.15 </B>failed to operate the Target Company&#146;s business and maintain its books,
accounts and records in the customary manner and in the Ordinary Course of Business or failed to maintain in good repair, normal wear and tear excepted, the Target Company&#146;s business premises, fixtures, furniture and equipment; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7.16</B> entered into any leases, contracts, agreements or understandings, other than: (i)&nbsp;those entered into in the Ordinary Course of
Business of the Target Company; and (ii)&nbsp;any leases, contracts, agreements or understandings not entered into in the Ordinary Course of Business of the Target Company calling for payments which in the aggregate do not exceed R$5,000
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 15 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
(five thousand Reais) per month; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7.17</B> changed the compensation of any
of the Target Company&#146;s employees or independent contractors or entered into any employment agreement, written or oral, with any management Personnel or otherwise hired any management personnel other than in the Ordinary Course of Business;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7.18</B> materially altered the terms, status or funding condition of any Employee Plan; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7.19 </B>made any capital improvement or expenditure except in the Ordinary Course of Business of the Target Company and in accordance with
the Target Company&#146;s operating plan; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7.20 </B>altered or deviated from its past practices regarding the funding of employee
benefit plans and similar plans; or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.7.21 </B>committed or agreed to do any of the foregoing in the future. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.8. Assets</B>.&nbsp;&nbsp;Except for the assets described on <U>Exhibit 5.1.8.</U>, the Target Company is authorized to use all of its
assets required for the regular performance of its business. All the assets owned by the Target Company are free and clear of any Liens, encumbrances or other rights of third parties. All of the Target Company&#146;s assets are duly registered in
its books, in accordance with the applicable Law and, at the Closing Date (a)&nbsp;are all those currently used or intended to be used in the operation of the business of the Target Company and (b)&nbsp;will be all of the assets needed by the Target
Company to continue to operate such business after the date hereof as currently operated. The buildings, machinery, equipment, personal properties, vehicles and other tangible assets owned or leased by the Target Company are in good condition and
repair (ordinary wear and tear excepted) and are usable in the Ordinary Course of Business, and are free from patent defects with respect thereto. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>5.1.9. Real Property and Leases</B>.&nbsp;&nbsp;<U>Exhibit 5.1.9.</U> contains a description of all real property owned, leased, utilized or intended to be utilized in the conduct of the Target Company&#146;s
business (&#147;<B>Real Property</B>&#148;). Copies of all title records are attached to such <U>Exhibit 5.1.9.</U>, and such copies are correct and complete as of the date hereof. All leases are in full force and effect, the Target Company is in
full compliance with its obligations thereunder and the rights of the Target Company thereunder are not subordinate to the rights of any third party. The Target Company has received no written notice of default under any agreement governing any such
lease, nor is the Target Company involved in any dispute with any third party thereunder. The Target Company has all easements and rights of ingress and egress necessary for utilities and services and for all operations conducted on the Real
Property. All buildings, plants, and structures owned or leased by the Target Company lie wholly within the boundaries of the Real Property and do not encroach upon the property of, or otherwise conflict with the property rights of, any other
Person. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.10. Inventories</B>. Except as set forth on <U>Exhibit 5.1.10.</U>, the Inventory is wholly-owned by the Target Company
(i.e., no consigned inventory or other inventory to which the Target Company no longer has title) and is new, unused, current and saleable as new or returnable to the vendor (including any returned or demonstration products) in the Ordinary Course
of Business of the Target Company. The Target Company&#146;s Financial Statements, which are attached hereto as <U>Exhibit 5.1.5.</U>, have inventory obsolescence reserves, slow moving reserves and vendor-at-risk reserves as of June&nbsp;30, 2010
and such amount is adequate and lower-of-cost or market adjustments are reflected therein in accordance with Brazilian GAAP consistently </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 16 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
applied. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.11</B>. <B>Compliance with Laws</B>. To the Best of Sellers&#146;
Knowledge, the Sellers and the Target Company are, and at all times have been, in compliance with all applicable Laws and the Sellers and the Target Company are not in default under any contract or arrangements with its clients or suppliers.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.12. Absence of Undisclosed Liabilities</B>. Except as set forth on <U>Exhibit 5.1.12.</U> and to the Best of Sellers&#146;
Knowledge, the Target Company does not have any liabilities or obligations of any nature, absolute, accrued, contingent or otherwise and whether due or to become due, that are not reflected in the Financial Statements. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.13.&nbsp;&nbsp;Agreements</B>. Except for the agreements required to run the business and/or as described on <U>Exhibit 5.1.13. </U>the
value of which are in excess of R$ 50,000.00, attached hereto, no third parties&#146; authorization is required for the execution of this Agreement, and the execution of this Agreement and the consummation of the transactions contemplated hereby
cannot be considered as a reason for the early termination of any agreement entered into by the Target Company. Except for those set forth in <U>Exhibit 5.1.13</U>., the Target Company is not a party to or bound by any written or oral: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(a) contract not made in the Ordinary Course of Business; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">(b)&nbsp;&nbsp;employment, employment termination or severance, consulting, services, employer&#146;s organization, non-competition, or secrecy agreement unless disclosed on <U>Exhibit</U> 5.1.22.; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(c) bonus, deferred compensation, profit sharing, pension, retirement, stock option, stock purchase or ownership, hospitalization, insurance or
other plan or arrangement providing employee benefits; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(d) collective bargaining agreement or other labor agreement; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(e)&nbsp;&nbsp;lease with respect to any real or personal property, whether as lessor or lessee as well as any ancillary agreement to terminate or
amend a lease unless disclosed on <U>Exhibit</U> 5.1.9.; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;dealership, manufacturer&#146;s representative,
distributor, franchise, license, or agency agreement; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(g) contract or commitment for capital expenditures including, but not limited
to, leasehold improvements; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(h) contract for the sale of any product at a price lower than its general pricing level for such product
or service in effect on the date of such contract or any rebate agreement; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(i) partnership or joint venture agreement; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(j) mortgages, pledges, charges, conditional sales contracts, security agreements, factoring agreements or other similar agreements with respect to
any assets or indebtedness of the Target Company unless disclosed on <U>Exhibit</U> 5.1.8. or <U>Exhibit</U> 5.1.16.; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(k) agreement or
arrangement pursuant to which the conduct of the Target Company, or the use or exploitation of its assets, in any manner, is restricted in any way; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 17 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(l) agreement which may be terminated by a party thereto as a result of the transactions contemplated
by this Agreement; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(m) license, including without limitation, licenses related to any of the Intellectual Property unless disclosed on
<U>Exhibit</U> 5.1.20. or <U>Exhibit</U> 5.1.26.; or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(n) agreement or arrangement between the Target Company and any Seller or any
spouse, child or relative of any Seller, or any other Person in which any Seller has an interest unless disclosed on <U>Exhibit</U> 5.1.37. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">With respect to each contract and agreement set forth on <U>Exhibit 5.1.13.</U>: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(i) it is legal,
valid, binding, enforceable and in full force and effect; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(ii) it will continue to be legal, valid, binding, enforceable and in full
force and effect on identical terms following the consummation of the transactions contemplated by this Agreement; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(iii) no party is in
breach or default, and no event has occurred which with notice or lapse of time would constitute a breach or default, or permit termination, modification or acceleration, under the contract or agreement; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(iv) no party has repudiated any provision of any such contract or agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.14. Accounts Receivable.</B> To the Best of Sellers&#146; Knowledge, the balances as set forth in the Financial Statements are true, correct
and complete lists of the Accounts Receivables of the Target Company and have arisen in the Ordinary Course of Business. In addition, to the Best of Sellers&#146; Knowledge: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">(a) all such Accounts Receivable resulted from the sales of services and Inventory in the Ordinary Course of Business and are expected to be collectible, using normal collection procedures, and within normal terms
with adequate reserves for bad debt; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(b) since June&nbsp;30, 2010, there has been no significant deterioration in the aging or risk
profile of the Target Company&#146;s outstanding Accounts Receivable balances; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(c)&nbsp;&nbsp;the Target Company&#146;s underwriting
policy has not changed and has been applied consistently since June&nbsp;30, 2009; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(d) the Target Company has adequate reserves for
potential bad debts as reflected on <U>Exhibit 5.1.14.(d)</U> and there is no pending Claim or right of set-off with any obligor of the accounts receivable relating to the amount or validity of the Accounts Receivable; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(e) since June&nbsp;30, 2010, the Target Company is not aware of any customer filing for bankruptcy or anticipating filing for bankruptcy.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.15 Accounts Payable.</B> All accounts payable balances are current and no meaningful discrepancies exist. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.16. Indebtedness; Bank Accounts</B>. <U>Exhibit 5.1.16.</U> sets forth a list, with a description of the most significant terms, of all
obligations of the Target Company for borrowed money or obligations of the Target Company which are evidenced by bonds, debentures, notes or similar instruments or letters of credit; all obligations of the Target Company under any conditional
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 18 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
sales or title retention agreements relating to property purchased by the Target Company; all obligations of the Target Company issued or assumed as the deferred purchase price of property or
services (other than accounts payable to suppliers incurred in the Ordinary Course of Business); all obligations of the Target Company which are required to be accounted for as a capital lease pursuant to accounting principles derived from Brazilian
corporate law and applicable accounting standards; all off-balance sheet Liabilities; obligations of any third party secured by any lien or encumbrance on any assets of the Target Company and all obligations of the Target Company guaranteeing or
having the economic effect of guaranteeing any obligation of any third party. Copies of all documents evidencing such obligations (or written description thereof if such obligations are not in writing) have been delivered to the Buyer. In addition,
<U>Exhibit 5.1.16</U>. also sets forth the name, address and account number of each bank or other financial institution at which the Target Company maintains an account, safety deposit box, deposit agreement or loan or borrowing agreements or
arrangements, together with the names of all Persons who are authorized to use them and to make withdrawals, loans, borrowing or overdraft agreements. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>5.1.17. Insurance</B>.&nbsp;&nbsp;All of the insurance policies of the Target Company are valid and in force on the date hereof and shall remain valid and in force until the Closing Date and thereafter until the
expiration of the term of each insurance policy, and the insurance fees shall be regularly paid. <U>Exhibit 5.1.17</U>. sets forth a list of all insurance policies entered into by the Target Company with a description of the most significant terms.
All such insurance policies are in amounts and have coverage as required by any contract to which the Target Company is a party. The Target Company is not in default with respect to its obligations under any such insurance policies, and the Target
Company has not received notice of cancellation or termination in respect of any such insurance policy. The Target Company has not received written notice from any insurers denying any Claims. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.18. Absence of Credits</B>. The Sellers do not have any Credits, of any nature, against the Target Company. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.19. Taxes</B>. Except for the Tax lawsuits described on <U>Exhibit 5.1.19.</U> and to the Best of Sellers&#146; Knowledge the Target Company
has no other Tax debts, Contingencies, Claims or proceedings of any nature. Up to the Closing Date, the Target Company has timely paid all the Taxes due, and complied with all Tax obligations in accordance with the applicable Law. Up to the Closing
Date, the Target Company has complied with all its principal and accessories obligations regarding Federal tax PIS, COFINS, IRPJ, IPI, FGTS, INSS, CSLL, State Tax ICMS and Municipal tax ISS. The Target Company has correctly established sufficient
reserves in the Financial Statements for each of the lawsuits, administrative proceedings, settlement agreements and injunctions, as well as for any delay, shortfall or reduction in the payment of Taxes, all in accordance with Brazilian GAAP. The
Target Company has filed all Tax Returns for which the due date falls prior to the Closing Date. Each such Tax Return has been prepared in compliance with all applicable Law, and all such Tax Returns are complete and correct in all respects. The
Target Company has provided Buyer with true, complete and correct copies of all such Tax Returns for all Tax periods ending on or after December&nbsp;31, 2005 as contained in <U>Exhibit 5.1.19.(a)</U>. There are no Liens for Taxes (other than Taxes
not yet due and payable) upon the Target Company nor on the assets of the Target Company. To the Target Company&#146;s Knowledge, no Claim has ever been made by a Governmental Authority with which the Target Company does not file and has not filed
Tax Returns that the Target Company is or may be required to file Tax Returns with or be subject to taxation by that Governmental Authority. No Tax Return of the Target Company has been examined by any applicable state, local or foreign Tax
authority, and any deficiencies or assessments, including interest and penalties thereon, claimed or made as a result of any examinations (insofar as </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 19 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
they affect the Target Company have been fully and timely paid). Except for the investigation procedures listed in <U>Exhibit 5.1.19(b).</U> there are no Claims or investigations by any
Governmental Authority pending or, to the Target Company&#146;s Knowledge, threatened against the Target Company with respect to Taxes. The Target Company has not received any written notification that any such Claims or investigations may be
commenced, and to the Target Company&#146;s Knowledge, there is no such Claim or investigation contemplated based upon personal contact of any agent of a Governmental Authority with any employee or representative of the Target Company. The Target
Company has provided the Buyer with correct and complete copies of all examination reports, assessments, notices and statements of deficiency with respect to Taxes of the Target Company for all Tax periods ending on or after December&nbsp;31, 2005.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.19.1. Thermal Printers. </B>The Sellers are fully aware of the possibility of a reclassification of the thermal printers&#146;
import or custom duty by the Brazilian Government, which may cause an increase in the tax rate established by the Brazilian Government for the thermal printers imported by the Target Company between January&nbsp;1, 2009 and the Closing Date, and
therefore all Damages suffered in connection with such reclassification shall be borne by the Sellers pursuant to Section&nbsp;11.2.(a)(iii). Since February 2011, the Sellers have agreed to change the thermal printer classification and collect and
remit the current sixteen percent (16%)&nbsp;import or custom duty rate. Therefore, all Damages suffered in connection with any thermal printer duty, collection, or remittance below sixteen percent (16%), inclusive of penalties and interests, shall
be borne by the Sellers pursuant to Section&nbsp;11.2.(a)(iii). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.19.2 IPI Taxes.</B> The Sellers are fully aware of the
possibility that the Brazilian Revenue may seek the collection of allegedly past-due IPI taxes for the years 2005 and 2006, which may result in a Liability in connection with and the payment of the allegedly past-due IPI duties, in addition to
interests and penalties. Therefore, all sums, Damages, interests and penalties in connection with such determination by the Brazilian Revenue shall be borne by the Sellers pursuant to Section&nbsp;11.2.(a)(iv). </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.20. Licenses and Permits</B>. The Target Company has all licenses, permits and authorizations required for the Ordinary Course of Business
and for the regular course of the activities of its corporate purpose and business and_a list of such licenses, permits and authorizations is attached as <U>Exhibit 5.1.20</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.21. Litigation</B>. Except as described on <U>Exhibit 5.1.21.</U>, there are no pending lawsuits or other Claims related to the Shares or
the Target Company, or that may directly or indirectly affect the execution and the performance of this Agreement, the compliance by the Parties with the obligations set forth herein or the performance by the Target Company of any activities in the
Ordinary Course of Business. No event has occurred or circumstance exists that is reasonably likely to give rise to or serve as a basis for the commencement of any such lawsuits or Claims. </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.22. Labor and Employees</B>.&nbsp;&nbsp;&nbsp;&nbsp;Except Claims on <U>Exhibit 5.1.22.</U>, no present or former employee or present or
former independent consultant of a Seller or the Target Company has a pending Claim of which a Seller or Target Company is aware of against any of the Sellers and/or the Target Company. In addition, <U>Exhibit 5.1.22</U>. contains (i)&nbsp;the name,
job title, current </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 20 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
monthly gross rate of pay and date and amount of last salary increase of each of the current employees of the Target Company, (ii)&nbsp;any general increase since the date of the Base Balance
Sheet, in the rate of compensation paid to the Target Company&#146;s salaried and hourly employees, and (iii)&nbsp;all presently outstanding loans and advances (other than routine travel advances) made by the Target Company to any employee and the
current status thereof. All employee benefits, in cash or in kind, provided to employees of the Target Company are also listed in <U>Exhibit 5.1.22</U>., including without limitation all pension and retirement benefits beyond mandatory Brazilian
statutory or regulatory obligations. The Target Company is in full compliance with all statutory or regulatory requirements with respect to its employees, including but not limited to, salaries, wages, bonuses, dividends, profit distribution, pay
increases, payment of sales commissions, and the corresponding payment of any labor charges under applicable labor Laws. All of the salaries, social security contributions and benefits are duly and timely paid to the Target Company&#146;s employees.
<U>Exhibit 5.1.22.(a)</U> contains a list of all written and oral consulting, distribution, sales agency, alliance or other service or outsourced contractor agreements. The Target Company is not now, and will not in the future be, subject to a
determination under applicable labor Laws to the effect that any individuals performing services to the Target Company are entitled to benefits normally granted to employees under applicable labor Laws. </FONT></P>
<P STYLE="margin-top:36px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.23. Employees; Employee Benefit Matters</B>. To the Best of Sellers&#146; Knowledge, the Target Company is in compliance with all applicable
Laws and collective bargaining agreements respecting employment and employment practices, terms and conditions of employment, wages and hours and occupational health and safety, and there is no individual or other proceeding pending, nor
investigation pending or threatened against it relating to any of the above; there is no labor strike, individual or collective labor dispute (other than routine individual grievances), or general slowdown or stoppage pending or threatened against
it, including with respect to any matter relating to workers&#146; profit-sharing benefits; and no grievance or any arbitration proceeding arising out of or under collective bargaining agreements is pending or threatened against it in writing, which
could reasonably be expected to have a material adverse effect on the Transaction. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.24. Employees&#146;&nbsp;Injuries</B>.
<U>Exhibit 5.1.24.</U> describes (a)&nbsp;all closed, pending or threatened Claims during the last five (5)&nbsp;years of employees of the Target Company related to compensation for any injury, disability or illness arising out of their employment
by the Target Company and (b)&nbsp;all accidents which occurred within the past three years in which any employee of the Target Company was injured. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>5.1.25. Labor&nbsp;Union&nbsp;Activity</B>. There has not been during the last five (5)&nbsp;years, nor is there currently pending or threatened, any activity by employees of the Target Company or by any trade
union relating to the representation of such employees by any trade union, nor has there been any strike, work stoppage or labor trouble involving the employees of the Target Company during said period. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.26. Intellectual Property</B>. (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Exhibit 5.1.26.</U> sets forth an accurate and complete list of all
trademarks, trade names, material registered and unregistered copyrights and other Intellectual Property that is held by the Target Company. The Target Company owns, on an exclusive basis, free and clear of all Liens, all of the Intellectual
Property related to its business. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 21 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
(b) The Target Company does not pay or receive any royalty from anyone with respect to any of the Intellectual Property nor has it licensed anyone to use any of the Intellectual Property.
(c)&nbsp;The items of Intellectual Property listed on <U>Exhibit 5.1.26.</U> are valid, have not lapsed and are enforceable and all pending applications are in good standing and not opposed. To the Best of Sellers&#146; Knowledge, the Target Company
is not in default or in violation with respect to any of the Intellectual Property or the terms or conditions by which such Intellectual Property was acquired or obtained. (d) There is no suit, action, complaint, or other legal proceeding pending or
threatened or otherwise noticed, Claiming that the Intellectual Property or any Intellectual Property of products sold infringes on or otherwise violates any Intellectual Property rights and, no valid basis for any such suit, action, complaint, or
other legal proceeding exists which would result in a successful Claim. Target Company has not agreed to indemnify any Person against any charge of infringement or other violation with respect to such Intellectual Property or Intellectual Property
of products sold. With respect to such Intellectual Property, the Target Company has not (i)&nbsp;infringed, misappropriated, otherwise violated, or (ii)&nbsp;contributed to the infringement, misappropriation or other violation by others, or
(iii)&nbsp;induced infringement, misappropriation or other violation by others of the Intellectual Property rights of a third Person. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.27. Software.</B> All the software used by the by the Target Company is regular and valid, and the Target Company holds all the licenses
required and sufficient for the conduct of its business. The Transaction shall have no impact on software licenses used by the Target Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>5.1.28. Environmental</B>. To the Best of Sellers&#146; Knowledge, all assets and property currently or previously owned by the Target Company, leased, operated, or used by the Target Company, and products sold
in connection with the Target Company&#146;s business (&#147;<B>Environmental Property</B>&#148;), all current and previous conditions on and uses of the Environmental Property, and all current and previous ownership and operations of the
Environmental Property and of the Target Company is, and at all times has been, in compliance with all environmental and occupational health and safety Laws, statutes and regulations. There is no environmental contamination caused by the Target
Company or emanating from any property used to do business by the Target Company including, but not limited to, soil or groundwater contamination, air emission or water contamination, air emission or water discharge above applicable standards. The
Target Company has not engaged in any inappropriate management, storage, transportation or final disposal of waste or by-products, hazardous and non-hazardous as set forth in <U>Exhibit 5.1.28</U>. There are no (a)&nbsp;proceedings or governmental
investigations concerning or against the Target Company arising from or relating to environmental matters pending before any court, tribunal or governmental instrumentality, (b)&nbsp;citations, summons, directives, orders or notices of a threatened
or actual violation of any Law concerning or against the Target Company relating to environmental matters, or (c)&nbsp;Liens arising from or related to environmental matters, or any governmental actions resulting in the imposition of any such Lien
on any of the Real Property. To the Best of Sellers&#146; Knowledge, no conditions or circumstances exist and no acts or omissions have occurred on the Real Property or affecting any of the Real Property which could be reasonably expected to result
in any investigation, claim, lawsuit, arbitration or regulatory suit or action alleging harm, injury or non-compliance with any environmental Law or regulation, or requiring remedial measures or clean-up by the Target Company of any environmental
conditions. </FONT></P> <P STYLE="margin-top:36px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.28.1. </B>Except as set forth on <U>Exhibit 5.28.1.</U> and to the Best of Sellers&#146; Knowledge there are and
have been no (i)&nbsp;Hazardous Materials present, stored, disposed of, generated, </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 22 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
manufactured, refined, transported, produced, or treated at, upon, or from the Environmental Property; (ii)&nbsp;ceramic or asbestos fibers or materials or polychlorinated biphenyls on, in or
beneath the Environmental Property, or (iii)&nbsp;underground storage tanks on or beneath the Environmental Property. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.28.2.</B>
The Target Company has delivered to the Buyer, prior to the execution of this Agreement, complete copies of any and all of the following in the possession of the Target Company, or their respective agents, consultants or attorneys:
(i)&nbsp;documents received by the Target Company from, or submitted by any of the Sellers, or the Target Company to the Brazilian Environmental Protection Agency and/or any federal, state or municipal environmental or health agency concerning the
environmental condition of the Environmental Property or the effect of the operations of the Target Company on the health and safety of any Person, the environmental condition of the Environmental Property, or any adjoining, adjacent or neighboring
property and (ii)&nbsp;reviews, audits, reports, or other analyses concerning the Environmental Property, or any adjoining, adjacent or neighboring property. All such documents, filings, reviews, audits, and reports regarding Environmental Property
are listed on Exhibit 5.1.28.2. attached hereto. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.28.3.</B> There never has been pending or, to the Best of Sellers&#146;
Knowledge, threatened against the Target Company, any civil, criminal or administrative action, suit, summons, citation, complaint, Claim, notice, demand, request, judgment, order, Lien, proceeding, hearing, study, inquiry or investigation based on
or related to any environmental permits or an environmental Law. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.28.4.</B> No facts, circumstances, activities, incidents or
conditions exist with respect to the Environmental Property or any property at which the Target Company arranged for the disposal, recycling or treatment of Hazardous Materials, that could reasonably be expected to: (i)&nbsp;result in the Target
Company incurring any losses, liabilities or expenses under any environmental Law or environmental Permit: (ii)&nbsp;interfere with, prevent, or increase the costs of compliance or continued compliance with any environmental permits or any renewal
or transfer thereof or any environmental Law; and (iii)&nbsp;make more stringent any restriction, limitation, requirement or condition under any environmental Law or any environmental permit in connection with the operations on the environmental
property. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.28.5.</B> Set forth on <U>Exhibit 5.28.5.</U>, is a list of all sites where the Target Company&#146;s Hazardous
Materials may have been sent in the past, or are currently being sent for disposal, treatment, recycling or storage, including the address of each such site, and a description and estimate of the amount of the Hazardous Materials disposed of,
treated, recycled or stored at each such site. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.28.6.</B> To the Best of Sellers&#146; Knowledge, there is not nor has there been
exposure or resulting consequences to any Persons, including, without limitation, employees of the Target Company, to any Hazardous Materials stored, treated, generated or handled at the Environmental Property or in a product manufactured, sold,
distributed or disposed of by the Target Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.29. Brokerage and Finder&#146;s Fees</B>.&nbsp;&nbsp;&nbsp;None of the
Sellers, or the Target Company, or any member, shareholder, officer or employee thereof, has incurred or will incur on behalf of the Target Company or any of their respective members or shareholders, any brokerage, finder&#146;s or similar fee in
connection with the transactions contemplated hereby. In the event any such fees are incurred, they will be exclusively borne by the Sellers. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 23 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.30. No Material Adverse Change</B>. Except for the events mentioned on <U>Exhibit 5.1.30.</U>,
the Sellers have conducted the Target Company&#146;s business only in the Ordinary Course of Business and there has not been any material adverse change in the business, operations, prospects, assets, results of operations or condition (financial or
other) of the Target Company or the Sellers, and no event has occurred or circumstance exists that may result in a Relevant Adverse Effect. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>5.1.31. Activities</B>.&nbsp;&nbsp;The Target Company does not perform any activity other than those described in its corporate purpose. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>5.1.32. Related Party Loans</B>.&nbsp;&nbsp;All related party loans to which the Target Company is a party shall be settled prior to the Signing Date, and none of those obligations of the Target Company will
survive the Closing Date or will otherwise be acquired by the Buyer, directly or indirectly; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.33. Target Company
Sales</B>.&nbsp;&nbsp;All of the Target Company&#146;s sales are to resellers or, in cases where the end-user is invoiced directly by the Target Company, a reseller is paid a commission (i.e. no end-user sales); </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.34. Customer and Suppliers</B>.&nbsp;&nbsp;Except as described in <U>Exhibit 5.1.34.</U>, since June&nbsp;30, 2009, there has not been any
adverse change in the business relationship of the Target Company with any material customer or supplier, and the Target Company has no reason to believe that there will be any such adverse change in the future as a result of the consummation of the
Transaction or otherwise. <U>Exhibit 5.1.34.(a)</U> contains a complete and accurate list of the twenty (20)&nbsp;suppliers and twenty (20)&nbsp;customers of the Target Company that accounted for the greatest amount of its purchases and sales
(measured in Reais), respectively, during the calendar years ended December&nbsp;31, 2009 and December&nbsp;31, 2010. The Sellers are not aware of any change or any contemplated change and have no reason to believe there will be any change in its
contractual relationship with Bematech S.A.. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.35.&nbsp;&nbsp;Certain Business Practices</B>.<B> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(a) The Target Company and its managers, partners, directors, officers, agents and employees have not (i)&nbsp;used any corporate funds for
unlawful contributions, gifts, entertainment or other unlawful expenses relating to political activity, or (ii)&nbsp;made any unlawful payment to foreign or domestic government officials or employees or to foreign or domestic political parties or
campaigns from corporate funds or violated any provision of the Foreign Corrupt Practices Act of 1977, as amended. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(b) The Target
Company and its managers, partners, directors, officers, agents and employees or any entity controlled by any of the foregoing have not made any contribution, gift, bribe, rebate, payoff, influence payment, kickback, or other payment to any Person,
private or public, regardless of form, whether in money, property, or services (i)&nbsp;to obtain favorable treatment in securing business, (ii)&nbsp;to pay for favorable treatment for business secured, or (iii)&nbsp;to obtain special concessions or
for special concessions already obtained, for or in respect of the Target Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(c) The Target Company currently maintains, and has
maintained for the 6 months prior to the date hereof, a backup system for Target Company&#146;s data, which backup system is as described in <U>Exhibit 5.1.35.(c)(1</U>) attached hereto. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Without limiting the generality of the foregoing, none of the computer software, computer hardware (whether general or special purpose),
telecommunications capabilities (including all </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 24 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
voice, data and video networks) and other similar or related items of automated, computerized, and/or software systems and any other networks or systems and related services that are used by or
relied on by the Target Company in the conduct of its business have experienced bugs, failures, breakdowns, or continued substandard performance in the past 12 months that has caused any substantial disruption or interruption in or to the use of any
such Systems by the Target Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">The Target Company is covered by business insurance as per the insurance policies described in
<U>Exhibit 5.1.35.(c)(2).</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.36.&nbsp;&nbsp;Internal Controls</B>. (a)&nbsp;The Target Company maintains a system of internal
accounting controls sufficient to provide reasonable assurance that (i)&nbsp;transactions are executed in accordance with management&#146;s general or specific authorizations, (ii)&nbsp;transactions are recorded as necessary to permit preparation of
financial statements in conformity with Brazilian GAAP, to maintain asset accountability and to provide reasonable assurance regarding the reliability of financial reporting, (iii)&nbsp;access to assets is permitted only in accordance with
management&#146;s general or specific authorization, and (iv)&nbsp;the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate actions are taken with respect to any differences. There are no
significant deficiencies or material weaknesses in the design or operation of internal controls over financial reporting that are reasonably likely to adversely affect the Target Company&#146;s ability to record, process, summarize and report
financial information and a new ERP system has been implemented since January 2010. (b)&nbsp;Since March&nbsp;15, 2009 neither the Target Company, nor any manager, partner director, officer, employee, auditor, accountant, attorney or representative
of the Target Company has received or otherwise has or obtained knowledge of (i)&nbsp;any written complaint, allegation, assertion or Claim regarding the accounting or auditing practices, procedures, methodologies, or methods of the Target Company
or its Affiliates or their respective internal accounting controls, including any complaint, allegation, assertion or Claim that the Target Company or any of its Affiliates has engaged in questionable accounting or auditing practices or
(ii)&nbsp;any fraud, whether or not material, that involves management or other employees of the Target Company or any of its Affiliates who have a significant role in such internal controls. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.37. Conflicts of Interest. </B>Except as disclosed in <U>Exhibit 5.1.37</U>., no officer, director, Seller or employee of the Target Company
nor, to the Target Company&#146;s Knowledge, any Affiliate of any such Person, now has or since the Target Company&#146;s inception had, either directly or indirectly: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="justify"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">a.</FONT></P></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">an equity or debt interest in any corporation, partnership, joint venture, association, organization or other Person or entity which furnishes or sells or
during such period furnished or sold, services or products to the Target Company, or purchases or during such period purchased from the Target Company any goods or services, or otherwise does, or during such period did, business with the Target
Company; or </FONT></P></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="justify"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">b.</FONT></P></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">beneficial interest in any contract, commitment or agreement to which the Target Company is or was a party, or under which any of them is or was obligated or
bound or to which any of their respective properties may be or may have been subject, other than stock options and other contracts, commitments or agreements between the Target Company and such Persons in their capacities as employees, officers or
directors of the Target Company. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">The Sellers agree and warrant that the agreements or transactions disclosed in
<U>Exhibit 5.1.37</U>., if continued after the Closing Date, shall be pre-approved by ScanSource Latin America&#146;s </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 25 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
President to ensure that such agreements or transactions are at arm&#146;s length. </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">For purposes of this Agreement, &#147;Target Company&#146;s Knowledge&#148; means the actual knowledge, after Due Inquiry, of each of the Sellers.
For purposes of the foregoing, &#147;Due Inquiry&#148; means with respect to each such Person (a)&nbsp;review of files and other information in his or her possession, custody or control or of which such Person is actually or should be aware of
<U>and</U> (b)&nbsp;inquiry of employees of the Target Company who have responsibilities pertinent in any respect to such inquiry and access to information in the possession, custody or control of the Target Company and responsive thereto.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.38. Solvency.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Target Company is not now insolvent, and will not be rendered Insolvent by any of
the transactions contemplated by this Agreement. In addition, immediately after giving effect to the consummation of the transactions contemplated by this Agreement, (a)&nbsp;the Target Company will be able to pay its Debts as they become due; and
(b)&nbsp;taking into account all pending and threatened litigation, final judgments against the Target Company in actions for money damages are not reasonably anticipated to be rendered at a time, when, or in amounts such that, the Target Company
will be unable to satisfy any such judgments promptly in accordance with their terms (taking into account the maximum probable amount of such judgments in any such actions and the earliest reasonable time at which such judgments might be rendered)
as well as all other obligations of the Target Company. The cash available to the Target Company, after taking into account all other anticipated uses of the cash, will be sufficient to pay all such Debts and judgments promptly in accordance with
their terms. As used in this Section: (i)&nbsp;&#147;<B>Insolvent</B>&#148; means that the sum of the present fair saleable value of the Target Company&#146;s assets does not and will not exceed its Debts and other probable liabilities; and
(ii)&nbsp;&#147;<B>Debts</B>&#148; includes any legal Liability, whether matured or unmatured, liquidated or unliquidated, absolute, fixed or contingent, disputed or undisputed or secured or unsecured. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.39. Product Warranty.</B> Each product sold, leased, or delivered by the Target Company has been in conformity with all applicable
contractual commitments and all express and implied warranties, and the Target Company has no liability (and there is no basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, Claim, or demand against
any of them giving rise to any Liability) for replacement or repair thereof or other damages in connection therewith, subject only to the reserve for product warranty Claims set forth on the face of the most recent balance sheet provided by Target
Company to Buyer (rather than in any notes thereto) as adjusted for the passage of time until the Closing Date in accordance with the past custom and practice of the Company. <U>Exhibit 5.1.39. </U>includes copies of the standard terms and
conditions of sale or lease for the Target Company (containing applicable guaranty, warranty, and indemnity provisions). No product sold, leased, or delivered by the Company is subject to any guaranty, warranty, or other indemnity beyond the
applicable standard terms and conditions of sale or lease set forth in <U>Exhibit 5.1.39</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.40. Product
Liability.&nbsp;&nbsp;</B>Target Company has no Liability (and to the Target Company&#146;s Knowledge, there is no basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, Claim, or demand against any of
them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product sold, leased, or delivered by the Target Company. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5.1.41. Customer Warranty Claims</B>.&nbsp;&nbsp;&nbsp;&nbsp;There are no defects in the design or manufacture of products contained in the
Inventories of the Target Company or sold by the Company which would result in other than normal warranty claims, require the recall of such products or provide customers with a basis to reject such products or revoke acceptance of such products.
The </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 26 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
Sellers shall remain liable for all products returned, customer warranty claims and breach of contract or related claims for products sold by the Target Company prior to the Closing Date.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>6.&nbsp;&nbsp;<U>REPRESENTATIONS AND WARRANTIES OF BUYER</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>6.1. </B>The Buyer hereby represents and warrants that it is a company duly organized, validly existing and in good standing under the laws of
the Federative Republic of Brazil and has the power to enter into this Agreement and to carry out its obligations hereunder. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>6.2.
Restrictions</B>. The Buyer represents and warrants that the execution of this Agreement will not result in: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>6.2.1.</B> the
violation of any Law; the contravention of any provision of any statute, decree, rule or regulation binding upon the Buyer; or the contravention of any judgment, decree, order or permit applicable to the Buyer; </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>6.2.2.</B> a conflict or breach of any obligation, title, agreement, commitment, promise, and/or any other obligation to which the Buyer may be
subject, or which it may have assumed; or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>6.2.3.</B> a breach, conflict or default of any provision of the Buyer and/or its
shareholders&#146; articles of association or other governing documents. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>6.3.</B> Buyer and any of its Affiliates, subsidiaries and
parent companies agree not to compete with Target Company as a wholesale distributor of POS/AIDC, communications and physical security products and related products, related software and related services as currently sold by Buyer and its Affiliates
directly or by means of any channel within Brazil without the written consent of Alexandre Conde, Adolar Nardes and Marcelo Hirsch, which shall not be unreasonably withheld. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>6.4. Corporate Authorization.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The execution, delivery and performance by Buyer of this Agreement on the date hereof are within the corporate powers of Buyer and have been
duly authorized by all necessary corporate actions by Buyer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>6.5.&nbsp;&nbsp;&nbsp;&nbsp;Governmental
Authorization.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the execution of this Agreement and any and all other agreements and documents in relation thereto, except for the provisions set forth in Section&nbsp;7.4. below, Buyer has
obtained all necessary authorizations, consents and approvals by any governmental, judicial or public body or authority at Buyer&#146;s jurisdiction, which authorizations, consents and approvals shall be in full force and effect by the Closing Date.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>6.6.&nbsp;&nbsp;No Claims.</B>&nbsp;&nbsp;Except as disclosed in <U>Exhibit 6.6</U>., there is no Claim, action, suit or proceeding
or, to the best of the Buyer&#146;s knowledge, any governmental investigation pending or threatened against the Buyer by or before any court or governmental entity that could or would reasonably be expected to impede the ability of the Buyer to
complete the closing in any respect. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>6.7. Data Room.</B> The Buyer has been granted full access to the documents and information
contained in the Data Room, a copy of which on a CD-Rom shall be provided by Sellers prior to the Signing of this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>6.8.&nbsp;&nbsp;Purchase for Investment.</B>&nbsp;&nbsp;Buyer is acquiring the Shares to continue developing the Target Company&#146;s business,
is not seeking to resell the Shares of the Target Company&#146;s business to an unrelated third party, and has no present intention of selling, granting any equity </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 27 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
in, or otherwise distributing the Target Company&#146;s business to an unrelated third party. The Buyer does not have any contract, agreement or arrangement with any third party to sell or
transfer the Shares or the Target Company&#146;s business to any such third party, with respect to the Target Company&#146;s business or any part thereof. </FONT></P> <P STYLE="margin-top:36px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>7.&nbsp;&nbsp;<U>ADDITIONAL COMMITMENTS</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>7.1. Regular Course of Business.</B> From the
date hereof until the Closing Date, the Sellers, as the Agreeing Parties&#146; quotaholders and the Target Company&#146;s shareholders, commit to conduct the Target Company&#146;s business in its ordinary course, and shall not involve the Target
Company in any transaction that may result in obligations that may affect the Shares of the Target Company, its Ordinary Course of Business or represent a significant increase on its expenses and debts, and also agree: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(i) To conduct the Target Company&#146;s business in its Ordinary Course of Business and in accordance with all the applicable Laws, statutes,
ordinances, rules, and orders; and with the same diligence that the business was being conducted before commencement of negotiations with the Buyer; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">(ii) To preserve the assets, the reasonable levels of cash flow, the goodwill, and the organization of the Agreeing Parties and the Target Company (and also not to sell or encumber any of its relevant assets);
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(iii) Immediately inform the Buyer of any Relevant Adverse Effect on the Target Company (financial or any other) in the operational
results, business, assets, or any event that could reasonably result in any Relevant Adverse Effect; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(iv) Not to implement any action
that is out of the Ordinary Course of Business that may reduce the cash position of the Agreeing Parties and of the Target Company; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not to grant any call option or establish any plan to buy Shares; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not to amend the corporate documents of the Agreeing Parties and the Target Company, except for amendments
related to the present Transaction and the ongoing restructuring of the Agreeing Parties; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not to
raise the remuneration paid or the labor and pension benefits offered by the Target Company to any of its managers or employees or any bonus or agreement paid to such managers or employees, except as required by Law or pursuant to, contracts in
force on the Signing Date and that are known to the Buyer; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(viii) Not to accrue or pay to any quotaholder dividends or interest on net
equity (&#147;INE&#148;); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not to cancel or amend any debt of the Agreeing Parties and the Target
Company or waive any relevant right of any Claim except in the Ordinary Course of Business; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not to implement any action on behalf of the Agreeing Parties and the Target Company to enter into, amend,
or rescind any agreement, except in the Ordinary Course of Business. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>7.2. Public Announcements.</B> The Parties shall not issue or
make any press release or other </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 28 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
public statements or otherwise announce the transactions described herein to employees, customers or suppliers unless such release, statement or announcement has been expressly approved by the
Buyer. The Buyer reserves the right to make such disclosures as necessary for compliance with United States Laws and securities rules and regulations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>7.3. Post-Closing Obligations.</B> (a)&nbsp;The Target Company shall be responsible for any and all post-closing matters required by virtue of the execution of this Agreement and/or the assignment of the Shares,
including, but not limited to, the communication to all public authorities, clients and suppliers, if necessary, and the update of all of the Target Company&#146;s public registrations. The Buyer and the Sellers agree that their cooperation will be
necessary with respect to post-closing matters. <U>Exhibit 7.3.(a)</U> contains a list of post-closing measures that the Target Company will perform with the full cooperation of the Sellers and the Buyer to the extent needed for the completion of
the implementation of all of the obligations set forth in this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(b) Within thirty (30)&nbsp;days after the Closing Date, the
Sellers shall prepare and deliver to the Buyer the preliminary Brazilian GAAP balance sheet as of the Closing Date. Such preliminary Brazilian GAAP balance sheet shall be prepared consistent with the Financial Statements except as adjusted to
include the negotiated adjustments according to <U>Exhibit 7.3.(b)</U> (&#147;<B>Preliminary Closing Balance Sheet</B>&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Using
the Preliminary Closing Balance Sheet provided by the Sellers as a starting point, the Buyer shall provide the Sellers with US&nbsp;GAAP adjustments which are consistent with the June&nbsp;30, 2011 audited financial statements. The Target Company
shall book the aforementioned adjustments and any other US&nbsp;GAAP adjustments to arrive at the US&nbsp;GAAP balance sheet as of the Closing Date (&#147;<B>Final Closing Balance Sheet</B>&#148;). The Final Closing Balance Sheet shall be delivered
within seven (7)&nbsp;days of receiving the Buyer-supplied aforementioned adjustments. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(c) Within five (5)&nbsp;days after the Closing
Date, the Sellers shall instruct its banks and lenders to authorize the Buyer&#146;s designee or John M. Pires to have access to and control of all cash and liquidity management, including. but not limited to, disbursement authorization on all bank
accounts, access to all bank information, and borrowing and repayment authority on all loans. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(d) Subsequent to the Closing Date there
shall be no further CDC USA, LLC business activities except for the existing contractual obligations with the Brazilian Air Force in the United States as of the Closing Date and, notwithstanding the foregoing, CDC USA, LLC shall be dissolved within
four months following the Closing Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(e) The Target Company shall comply with all US&nbsp;GAAP accounting accruals including, but
not limited to, Brazilian Tax and customs regulations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>7.4.&nbsp;&nbsp;Brazilian Competition Authorities.&nbsp;&nbsp;</B>Within
fifteen (15)&nbsp;days of the date hereof, the Sellers, the Agreeing Parties, the Target Company and the Buyer, shall use commercially reasonable efforts to make all filings with, and to seek all approvals required by, the Brazilian Competition
Authorities. The Sellers, the Agreeing Parties, the Target Company and the Buyer jointly undertake the total and exclusive responsibility to comply with any obligation under this Agreement and all others agreements and contractual arrangements
entered into between the Parties as a result of the Transaction before the Administrative Council for Economic Defense &#150; CADE. Any cost or fee related to such filings will be borne in equal parts by both the Sellers and the Buyer. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 29 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>7.4.1. </B>Notwithstanding the provision set forth in Section&nbsp;7.4. above, the Sellers shall be
solely responsible for submitting the filing within the fifteen-day timeframe to the Brazilian Competition Authorities, pursuant to applicable anti-trust Laws. The Buyer may appoint attorneys with powers of access to such filing documents.
</FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>7.4.2.</B> In the event that the Brazilian Competition Authorities impose any restriction on the Transaction contemplated herein;
the Sellers and the Buyer shall jointly take the necessary measures to resolve any such restriction imposed by the Brazilian Competition Authorities so that it shall not affect the Transaction contemplated herein. The costs related to such
corrective measures shall be borne in equal parts by both the Sellers and the Buyer. Any cost or fee related to such corrective measures will be borne in equal parts by both the Sellers and the Buyer and may be set-off against from any future
Earn-Out payments which may be payable, as provided for in Section&nbsp;2.1.(b). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>7.4.3. </B>In the event that the Brazilian
Competition Authorities do not approve the Transaction and determine that the Transaction is invalid, the Parties shall take all the measures necessary to return to the <I>status quo ante</I>, including canceling the transfers of Shares registered
on the Share Transfer Register and Share Registration Book and returning to the Buyer the amounts received as the Purchase Price, according to the Monetary Correction Index, within ninety (90)&nbsp;days from the publication of such decision or
within any other term established by such decision. In the event that the Brazilian Competition Authorities materially alter, change or force a divestiture from the terms of this Agreement or the transactions contemplated thereby, both the Buyer and
the Seller shall have the option to require a return to the <I>status quo ante</I>, including the cancellation of the transfers of the Shares registered on the Share Transfer Register and Share Registration Book and the return to the Buyer of the
amounts received as the Purchase Price, according to the Monetary Correction Index, within ninety (90)&nbsp;days of the publication of such decision or within any other term established by such decision. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>7.5 Conversion to June&nbsp;30 Financial Year End.</B> Following the Closing Date, the Parties agree that the Target Company shall convert to a
June&nbsp;30 financial year end. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>7.6 Payment of Taxes Resulting from Sale of the Shares.</B> The Sellers shall pay in a timely
manner all Taxes resulting from or payable in connection with the sale of the Shares pursuant to this Agreement. The Sellers shall file all necessary Tax Returns and other documentation with respect to all such Taxes. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>NON-COMPETITION AND NON-SOLICITATION</U> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>8.1 </B>For the purpose of this Section&nbsp;8, the terms listed below shall have the following meaning: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>8.1.1.&nbsp;&nbsp;&#147;Closing Date&#148;</B> means the date the Buyer wire transfers funds to the Sellers as demonstrated by the Buyer&#146;s
wire transfer evidence. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>8.1.2. &#147;Non-Competition Period&#148;</B> means a period of five (5)&nbsp;years following the Closing
Date. However, for <B>ALEXANDRE</B>, <B>MARCELO</B>, <B>GUSTAVO</B>, <B>ADOLAR, </B><B>and CAIO,</B> the five-year Non-Competition Period will begin on the date such Sellers no longer render their services to the Target Company. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>8.1.3. &#147;Relevant Person&#148;</B> means any Person who at any time during the period of six months immediately preceding Closing Date or,
in the case of those Sellers working for the Target </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 30 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
Company subsequent to the Closing Date, means any Person who at any time during the period of six months immediately preceding that Seller&#146;s separation from the Target Company, was:
(1)&nbsp;negotiating with the Sellers or the Target Company for the supply by or to the Sellers or the Target Company of goods and services; or (2)&nbsp;a vendor or customer of the Target Company; or (3)&nbsp;in the habit of dealing with the Sellers
or the Target Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>8.1.4. &#147;Relevant Products or Services&#148; </B>means products or services which are competitive with or
of the type supplied by the Sellers or the Target Company at any time during the period of six months immediately preceding the Closing Date or, in the case of those Sellers working for the Target Company subsequent to the Closing Date, means
products or services which are competitive with or of the type supplied by the Sellers or the Target Company at any time during the period of six months immediately preceding that Seller&#146;s separation from the Target Company. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>8.2.</B> The Sellers undertake to the Buyer that each of them will not (whether alone or in conjunction with, or on behalf of, another Person
and whether directly or indirectly), without the prior written consent of the Buyer or unless required to do so by his or her service contract with the Buyer within the Territory of Brazil during the Non-Competition Period, compete in any business
in which the Sellers&#146; business or the Target Company&#146;s business is being conducted (or which the Sellers or the Target Company were planning to enter at the date hereof, provided that it had already invested in preparing this move).
Especially and without limiting the generality of the foregoing, the Sellers shall not: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>8.2.1.</B> within the Territory of Brazil
during the Non-Competition Period, canvass, solicit or approach, or cause to be canvassed, solicited or approached, any Relevant Person for the sale, supply or purchase of Relevant Products or Services; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>8.2.2.</B> except for the normal operations of the Target Company subsequent to the Closing Date, within the Territory of Brazil during the
Non-Competition Period, deal or contract with any Relevant Person in relation to the sale, supply or purchase of Relevant Products or Services; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>8.2.3.</B> within the Territory of Brazil during the Non-Competition Period, interfere, or seek to interfere, with the continuance of supplies to the Buyer or the Target Company from any vendor or other supplier
who has been supplying goods or services to the Sellers or the Target Company at any time during the six (6)&nbsp;months immediately preceding the Closing Date or, in the case of those Sellers working for the Target Company subsequent to the Closing
Date, means any vendor or other supplier who has been supplying goods or services to Sellers or the Target Company at any time during the period of six (6)&nbsp;months immediately preceding that Seller&#146;s separation from the Target Company, if
such interference causes or would cause that vendor or supplier to cease supplying, or materially reduce its supply of, those goods or services; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>8.2.4.</B> within the Territory of Brazil during the Non-Competition Period, solicit or entice away, or endeavor to solicit or entice away, from the Buyer, or the Target Company, to the extent legally possible
employ, any Person employed by, or who is or was a consultant to, the Buyer or the Target Company at the Closing Date or at any time during the period of six (6)&nbsp;months immediately preceding the Closing Date or, in the case of those Sellers
working for the Target Company subsequent to the Closing Date, any Person employed by or who is or was a consultant to the Buyer or the Target Company at any time during the period of six (6)&nbsp;months immediately preceding that Seller&#146;s
separation from the Target Company, where the Person in question either has Confidential Information or would be in a position to exploit the Buyer&#146;s or Target Company&#146;s trade connections; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 31 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>8.2.5. </B>within the Territory of Brazil during the Non-Competition Period, be engaged, concerned,
connected with or interested in (except as the owner for investment of securities in a company dealt in on a recognized stock exchange and which represent not more than three percent (3%)&nbsp;of the votes which could be cast at a general meeting),
any other business which supplies Relevant Products or Services; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>8.2.6. </B>without prejudice to any rights to which the buyer or
the Target Company may be entitled under any applicable trademark infringement Laws or other Laws (or similar rights in any territory), within the Territory of Brazil for a period of five (5)&nbsp;years immediately following the Closing Date or, in
the case of those Sellers working for the Target Company subsequent to the Closing Date, five (5)&nbsp;years from that Seller&#146;s separation from the Target Company, use in connection with any business which is competitive with the Target
Company&#146;s business any name (in whatever form) which includes the name &#147;CDC&#148; or any trading style which is confusingly similar to that used by the Target Company; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>8.2.7. </B>without limiting the generality of the foregoing, the Sellers agree that during the Non-Competition-Period or while an officer of the
Target Company, they will not, directly or indirectly, serve as a director, officer or employee of, or consultant to, or own interest in any entity that designs, creates, manufactures, markets, distributes, sells or provides any Relevant Products
and Services; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>8.2.8.</B> One half of one percent (.5%) of the consideration paid to each Seller pursuant to the terms of this
Agreement shall be allocated, for purposes of accounting only, as payment to each Seller for each Seller&#146;s adherence to the terms, conditions, obligations and undertakings provided in this Section&nbsp;8. Such allocation is subject to change
based upon the final results of the appraised value of the Target Company. The Sellers shall not be entitled to any additional compensation payments as a result of their adherence to the terms, conditions, obligations and undertakings provided in
this Section&nbsp;8 beyond each Seller&#146;s percentage share of the Purchase price paid by the Buyer pursuant to Section&nbsp;2.1. of this Agreement. Each Seller acknowledges that the allocation described in this Section&nbsp;8.2.8. is made for
accounting purposes only and is not meant to act as a limit or cap on Damages which may be owed by the Sellers to the Buyer for any Seller&#146;s breach of his, her, or its obligations under this Section&nbsp;8. Notwithstanding the non-compete
compensation allocation contained herein, Section&nbsp;8.3. shall apply to any breach of the obligations contained in this Section&nbsp;8.; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>8.2.9. </B>Should any individual provisions of this Section&nbsp;8 be ruled invalid by a court of competent jurisdiction, either in part or in full, such invalidity will not affect the validity of the other
provisions of this Section and of this Agreement. The invalid provision shall be replaced by a provision which comes closest in purpose to the invalid provision in a legally effective form. The same shall apply if the invalidity of a provision is
based upon a measurement of performance or time in which case the invalid provision will be deemed to apply to the fullest extent permitted by Law. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>8.3. Damages for Breach of Section&nbsp;8.</B> The Sellers shall be jointly and severally obliged to pay to Buyer a contractual penalty for each case of breach of the obligations set forth in Section&nbsp;8. The
amount of the penalty shall be twenty thousand Reais (R$20,000) for each breach. Upon receipt of a written reminder every two weeks period of continued breach shall be considered another case of breach. Further claims of Buyer, in particular claims
for damages, shall not be affected. Buyer shall not be deemed to have waived the requirement of the Sellers, and the Sellers shall not be deemed to be relieved from their obligations, to comply with the obligations of Section&nbsp;8 by Buyer
accepting payment of such penalty or seeking any other </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 32 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
remedy available to which Buyer may be entitled under this agreement or applicable law. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>CONFIDENTIALITY</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>9.1.</B> Any and all
information delivered by one Party to another, orally or written (&#147;<B>Confidential Information</B>&#148;) shall be considered as confidential, and shall not be disclosed to third parties, except upon prior and written authorization of the Party
disclosing such information. The Confidential Information received cannot be used for any other purpose other than those related to this Agreement. Notwithstanding the foregoing, the Parties acknowledge and agree that following the Closing Date, the
Buyer and the Target Company shall be free to use and disclose any Confidential Information relating to the Target Company and its business without the consent of the Sellers even if such confidential information was disclosed to the Buyer by the
Sellers. The above mentioned provisions do not apply in case of: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>9.1.1.</B> Information that, at the moment of disclosure, is in the
public domain; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>9.1.2.</B> Information disclosed to the Parties by third parties without similar confidentiality obligations;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>9.1.3.</B> Information disclosed with express authorization of the other Party; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>9.1.4.</B> Information requested by public authorities or by judicial order, in which case the Party that receives such a request or order shall
inform the other Party within seven (7)&nbsp;Business Days in advance of responding to such request or order except when such request or order establishes shorter deadlines for response including the attached Curitiba Civil District Court Order
contained in <U>Exhibit 3.1.(o)</U>; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>9.1.5. </B>Information required for disclosure pursuant to United States Laws and
securities rules and regulations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>9.2.</B> The provisions of this Section shall remain in force for a period of five (5)&nbsp;years.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>10. TERMINATION </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>10.1.</B> This Agreement may be terminated and the transactions contemplated hereby may be abandoned at any time prior to the Closing Date only
as follows: </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(i) by mutual consent of the Parties; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">(ii) by the Buyer, if any closing condition in Section&nbsp;3.1. and in Section&nbsp;4.2. has not been satisfied (or waived by the Buyer pursuant to Section&nbsp;3.2.) or if any conditions precedent in
Section&nbsp;12 have not been satisfied within forty-five (45)&nbsp;days of the Signing Date, provided that no Party may terminate this Agreement pursuant to this Section&nbsp;10.1. if such Party&#146;s failure to fulfill any of its obligations
under this Agreement shall have directly or indirectly resulted in the failure of the applicable closing condition to be satisfied on or before said date; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">(iii) by the Buyer if (A)&nbsp;there shall have been a breach in any material respect (individually or in the aggregate) of any representation or warranty on the part of the Sellers set forth in this Agreement, or
(B)&nbsp;there shall have been a breach by any of the Sellers of any of their covenants or agreements hereunder, or (C)&nbsp;there shall have been a failure by any of the Sellers to perform any condition or obligation hereunder, and such Seller has
not cured such </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 33 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
breach within twenty (20)&nbsp;Business Days after notice by the Buyer thereof, provided that, with respect to clauses (A), (B), and (C)&nbsp;above, the Buyer has not materially breached any of
its obligations hereunder and failed to timely cure such breach; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(iv) by the Sellers if (A)&nbsp;there shall have been a breach in any
material respect (individually or in the aggregate) of any representation or warranty on the part of Buyer set forth in this Agreement, or (B)&nbsp;there shall have been a breach by the Buyer of any of its covenants or agreements hereunder, or
(C)&nbsp;there shall have been a failure by the Buyer to perform any condition or obligation hereunder, and the Buyer has not cured such breach within twenty (20)&nbsp;Business Days after notice by any of the Sellers thereof, provided that, with
respect to clauses (A), (B)&nbsp;and (C)&nbsp;above, the Sellers have not materially breached any of their obligations hereunder and failed to timely cure such breach; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">(v) by the Buyer or the Sellers if any Governmental Authority has taken any action, investigation or proceeding that could have a Relevant Adverse Effect; or </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(vi) by the Buyer if the Target Company suffers a Relevant Adverse Effect prior to the Closing Date. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">The Party desiring to terminate this Agreement pursuant to the preceding Sections 10.1.(i) through 10.1.(vi) shall give written notice of such
termination to the other party in accordance with Section&nbsp;13.3. below. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><U>10.2. Termination Fee by Reason of
Breach</U></B>.&nbsp;&nbsp;&nbsp;&nbsp;In the event this Agreement is terminated pursuant to Section&nbsp;10.1.(ii), (iii)&nbsp;or (iv), the non-breaching Party shall be entitled to a payment by the breaching Party of Three&nbsp;Million Brazilian
Reais&nbsp;(R$3,000,000.00) within fifteen (15)&nbsp;days of the effective date of such termination, and such payment will not be considered consequential damages hereunder. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B><U>10.3. Procedure Upon Termination</U></B>.&nbsp;&nbsp;In the event of termination pursuant to this Article 10., the transactions contemplated hereby shall be abandoned without further action by the Parties
hereto, provided that the rights and obligations contained in Sections 9 (Confidentiality), 10 (Termination), 11 (Indemnification), 13.2 (Expenses), 13.8 (Governing Law) and 13.9 (Dispute Resolution) hereof shall survive termination and remain in
full force and effect. If this Agreement is terminated as provided herein, each Party shall use its reasonable best efforts to return all Confidential Information, work papers and other material (including any copies thereof) of any other Party
relating to the transactions contemplated hereby, whether obtained before or after the execution hereof, to the Party furnishing the same. Nothing contained in this Agreement shall relieve any Party from any liability for any breach of any
representation, warranty or covenant contained herein prior to termination. </FONT></P> <P STYLE="margin-top:36px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>11. INDEMNIFICATION </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>11.1. Survival of Representations, Warranties and Agreements.</B>&nbsp;&nbsp;Subject to the limitations set forth in Section&nbsp;11.3., and
notwithstanding any investigation conducted at any time by or on behalf of the Buyer or the Target Company, all representations, warranties, covenants and agreements of the Buyer, the Sellers and the Target Company in this Agreement and in any other
agreements, documents or certificates executed or delivered by the Buyer, any of the Sellers or the Target Company pursuant to this Agreement or the Transaction Documents survive the execution, delivery and performance of this Agreement and any
additional </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 34 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
documents. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>11.2. Indemnification. </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">a) Subject to the limitations and other provisions set forth in this Section&nbsp;11., the Sellers shall, jointly and severally, indemnify and hold
harmless the Buyer and its Affiliates and Subsidiaries, and their respective officers, directors, successors, representatives and assigns, (the &#147;<B>Buyer Indemnified Party</B>&#148;), from and against any and all losses, Liabilities, damages,
demands, lost profits, Claims, suits, actions, judgments or causes of action, assessments, costs and expenses (including reasonable interest, penalties, reasonable attorneys&#146; fees, any and all expenses incurred in investigating, preparing or
defending against any litigation, commenced or threatened, or any Claim), any and all Tax costs associated with escrow disbursements in accordance with Section&nbsp;2.2.(b), and any and all amounts paid in settlement of any Claim or litigation
(collectively, &#147;<B>Damages</B>&#148;), asserted against, resulting to, imposed upon, or incurred or suffered by a Buyer Indemnified Party as a result of or arising from any of the following (individually an &#147;<B>Indemnifiable
Claim</B>&#148; and collectively &#147;<B>Indemnifiable Claims</B>&#148; when used in the context of a Buyer Indemnified Party as the Indemnified Party): </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">(i) any inaccuracy in or breach or nonfulfillment of, or any alleged inaccuracy in or breach or nonfulfillment of, any of the representations or warranties made by the Sellers in this Agreement or the
Transaction<U> </U>Documents; or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(ii) any breach or non-performance of, or any alleged breach or non-performance of, any covenant,
agreement or obligation to be performed by any of the Sellers pursuant to this Agreement or the Transaction Documents; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(iii) the
importing of thermal printers by the Target Company at any time prior to the Closing Date (including, without limitation, any additional taxes, fines or other expenses related to the pending dispute between the Target Company and the Brazilian
Federal Revenue (SRF) concerning thermal printers imported by the Target Company) and any time post-closing to the extent the Target Company fails to change the thermal printer classification and collect and remit the current sixteen percent
(16%)&nbsp;import or custom duty rate, all Damages suffered in connection with any thermal printer duty, collection, or remittance below sixteen percent (16%), inclusive of penalties and interests, shall be borne by the Sellers pursuant to this
Section;<U> </U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(iv) any Taxes payable by the Sellers and the Agreeing Parties for any period, and any Taxes payable by the Target
Company relating to any period prior to the Closing Date, including without limitation any IPI tax collection amounts and interest or penalties; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">(v) any violation of labor Laws by the Target Company prior to the Closing Date; without limiting the generality of the foregoing, the Sellers specifically indemnify the Buyer for all Damages, inclusive of costs,
fees, penalties, interests, assessments, or awards arising from any Claim of or relating to the injured employee, Renaildo Veiga; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(vi)
the operation of the Target Company prior to the Closing Date; without limiting the generality of the foregoing, the Sellers specifically indemnify the Buyer for all Damages, inclusive of costs, fees, taxes, penalties, interests, assessments, or
awards arising from any Claim of or relating to the failure to create or formally establish a branch or administrative branch or representative office in any location where the Target Company has both employees and real property interests;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(vii) any violation of Tax Laws and regulations by the Target Company prior to the Closing
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 35 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
Date, including without limitation <I></I><I>Termo de In&iacute;cio de procedimento fiscal</I> (Tax Procedure) <I>Secretaria da Fazenda do Estado de Pernambuco </I>(State Treasure of Pernambuco)
&#150; Intima&ccedil;&atilde;o Fiscal &#150; 2010.00004501875-50 &#150; request for documents regarding year 2010. On March&nbsp;31, 2011 the fiscal oversight ended and an assessment notice for R$ 119,609.17, number of infraction 2011.00000833535-61
was received; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(viii) without limiting the generality of the foregoing, the Sellers specifically indemnify the Buyer for all Damages,
inclusive of costs, fees, penalties, interests, assessments, or awards arising from any Claim of or relating to any extended warranty program liability of the Target Company; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">(ix) without limiting the generality of the foregoing, the Sellers specifically indemnify the Buyer for all Damages, inclusive of costs, fees, penalties, interests, assessments, or awards arising from any Claim of
or relating to the Belai family (Jos&eacute; Carlos Belai, Helena Belai, Jos&eacute; Am&eacute;rico Belai, Suzi Belai), or the Belaimicro Computadores Ltda., or P. de T. C. Alves Ltda., relationships with the Target Company, including, without
limitation, any Claim related to these independent contractor commissioned sales people. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(x) the Sellers shall indemnify the Buyer for
any financial loss incurred through the Closing Date, resulting from the Bematech receivables, payables, and Claims (including, but not limited to, discounted collateral as security as reflected in the Financial Statements) reflected on the accounts
of the Target Company but not settled by Bematech. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">b) Subject to the limitations and other provisions set forth in this
Section&nbsp;11., the Buyer hereby covenants and agrees to indemnify and hold harmless the Sellers and their respective Affiliates, and Subsidiaries or related parties, and their respective officers, directors, successors, representatives and
assigns, subject to the limitations on assignment of this Agreement set forth in Section&nbsp;13.1. (each, a &#147;<B>Seller Indemnified Party</B>&#148;) from and against any and all Damages asserted against, resulting to, imposed upon, or incurred
or suffered by any Seller Indemnified Party as a result of or arising from any of the following (individually an &#147;<B>Indemnifiable Claim</B>&#148; and collectively &#147;<B>Indemnifiable Claims</B>&#148; when used in the context of a Seller
Indemnified Party as the Indemnified Party): </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(i) any inaccuracy in or breach or nonfulfillment of, or any alleged inaccuracy in or
breach or nonfulfillment of, any of the representations or warranties made by the Buyer in this Agreement or the Transaction Documents; or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">(ii) any breach or non-performance of, or any alleged breach or non-performance of, any covenant, agreement or obligation to be performed by the Buyer pursuant to this Agreement or the Transaction Documents.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">c) The Buyer and the Sellers shall be deemed to have suffered Damages arising out of or resulting from the matters referred to in
Section&nbsp;11.2.(a)(i) and (ii)&nbsp;and Section&nbsp;11.2.(b) if the same shall be suffered by any Subsidiary or Affiliate of the Buyer or the Sellers, including the Target Company after the Closing Date. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>11.3 Limitations on Indemnification.</B>&nbsp;&nbsp;The Parties&#146; respective rights to indemnification under this Section&nbsp;11., are
subject to the following limitations: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">a) No Buyer Indemnified Party, on the one hand, or Seller Indemnified Party, on the other hand,
shall be entitled to indemnification hereunder with respect to an Indemnifiable Claim (or, if more than one such Indemnifiable Claim is asserted, with respect to all such Indemnifiable Claims) unless the aggregate amount of Damages with respect to
such Indemnifiable Claim or Claims </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 36 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
of the Buyer Indemnified Party or Seller Indemnified Parties, as the case may be, exceeds forty thousand Reais (R$40,000.00) (the &#147;<B>Threshold</B>&#148;), in which event such Buyer
Indemnified Party or Seller Indemnified Party, as the case may be, shall be entitled to indemnification hereunder for all Damages with respect to all of its Indemnifiable Claims in excess of the Threshold. Furthermore, the maximum aggregate
Liability of the Sellers with respect to all Indemnifiable Claims, and the maximum aggregate Liability of the Buyer with respect to all Indemnifiable Claims, shall each be equal to the Purchase Price (the &#147;<B>Cap</B>&#148;); provided, however,
that any Indemnifiable Claim arising pursuant to Sections 11.2.(a)(ii) (Breach or Non-Performance of Agreement by the Sellers), 11.2.(a)(iii) (Importation of Thermal Printers), 11.2.(a)(iv) (IPI), 11.2.(a)(v) (Violation of Labor Laws), 11.2.(b)(ii)
(Breach or Non-Performance of Obligations under Agreement by the Buyer), 11.2.(a)(vii) (General Taxes), or relating to a breach of a Designated Representation shall not apply toward or be subject to the Threshold or the Cap. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">b) The indemnification obligations of the parties with respect to any Indemnifiable Claims pursuant to Section&nbsp;11.2.(a)(i) (Inaccuracy or
Breach of Representations and Warranties by the Sellers), Section&nbsp;11.2.(a)(ii) (Breach or Non-Performance of Agreement by the Sellers), Section&nbsp;11.2.(a)(vi) (Target Company&#146;s Operations) or Section&nbsp;11.2.(b)(i) (Inaccuracy or
Breach of Representations and Warranties by the Buyer), Section&nbsp;11.2.(b)(ii) (Breach or Non-Performance of Obligations under Agreement by the Buyer), and Section&nbsp;11.2.(a)(viii) (Extended Warranty Programs Liability) as applicable, shall
terminate on the date that is five years after the Closing Date, except for Indemnifiable Claims pursuant to Section&nbsp;11.2.(a)(iii) (Thermal Printers), Section&nbsp;11.2.(a)(iv) (IPI), Section&nbsp;11.2.(a)(v) (Labor), Section&nbsp;11.2.(a)(ix)
(Independent Contractor Liability), which will survive until the applicable statutes of limitations run. Only for Section&nbsp;11.2.(a)(vii) (General Taxes), the term shall be six (6)&nbsp;years from Closing Date. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(c) The foregoing provisions of this Section&nbsp;11.3. notwithstanding, if, prior to the termination of any obligation to indemnify, written
notice of a claimed breach or other occurrence or matter giving rise to a claim of indemnification is given by the Party seeking indemnification (the &#147;<B>Indemnified Party</B>&#148;) to the Party from whom indemnification is sought (the
&#147;<B>Indemnifying Party</B>&#148;), or a suit or action based upon a claimed breach is commenced against the Indemnifying Party, the Indemnified Party shall not be precluded from pursuing such claimed breach, occurrence, other matter, or suit or
action, or from recovering from the Indemnifying Party (whether through the courts or otherwise) on the Claim, suit or action, by reason of the termination otherwise provided for above. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">d) The rights of the Parties for indemnification relating to this Agreement shall be limited to those contained in this Section&nbsp;11., and such
indemnification rights shall be the exclusive remedies of the Parties with respect to any matter arising under this Agreement other than as otherwise provided herein or for specific performance or injunctive or declaratory relief if a court of
competent jurisdiction in its discretion grants the same or for claims for fraud. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>11.4. Procedure for Indemnification with Respect
to Third Party Claims. </B></FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">a) If the Indemnified Party becomes aware of facts which give rise or threaten to give rise to Sellers&#146;
obligations to indemnify Indemnified Party pursuant to this Section, regardless of whether or not the Indemnifiable Claim involves a third party, the Buyer shall send written notice (the &#147;<B>Notification</B>&#148;) to the Sellers promptly and,
in no event more than ten (10)&nbsp;Business Days following discovery, disclosing the details thereof. In the event an Officer and Seller of the Target Company becomes aware of facts giving rise or threatening to give rise to an Indemnifiable Claim
post-closing, such Officer and Seller shall immediately notify the Buyer of the same in writing. The Sellers shall respond within ten (10)&nbsp;Business Days of the Notification </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 37 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
electing one of the following options: (i)&nbsp;pay the Indemnifiable Claim; or (ii)&nbsp;perform remedial measures in connection with such Indemnifiable Claim; or (iii)&nbsp;dispute the
Indemnifiable Claim explaining the reasons.&nbsp;In the event the Sellers elect either option (i)&nbsp;or option (ii)&nbsp;of this Section&nbsp;11.4.(a), then the Sellers must perform their obligation(s) within forty-five (45)&nbsp;days of receipt
of the Notification and obtain written release and settlement from the third party, if applicable. The Parties agree to cooperate in the resolution of an Indemnifiable Claim.&nbsp;If the Indemnified Party duly notifies the Sellers and the Sellers
fail to respond within the foregoing ten-day period, such failure shall be deemed as an acceptance of the Indemnifiable Claim. If the Parties do not reach an agreement within forty-five (45)&nbsp;days from the receipt of the Notification, the
dispute shall then be settled in accordance with the arbitration rules provided for in Section&nbsp;13.9 of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">b) If an
Indemnifiable Claim shall arise which involves any third party, the Sellers shall respond within ten (10)&nbsp;days of the Notification with their election to (i)&nbsp;pay the Indemnifiable Claim within forty-five (45)&nbsp;days from the receipt of
the Notification; or (ii)&nbsp;dispute the Indemnifiable Claim by exclusively assuming the judicial or extrajudicial defense of such claim and its related costs, in which case both&nbsp;the Buyer and the Target Company shall be entitled to the
cooperation of the Sellers in the preparation of such defense; or (iii)&nbsp;dispute the Indemnifiable Claim by assuming with the Buyer the judicial or extrajudicial defense of such Claim and its related costs, which shall be equally divided between
the Sellers and the Buyer; or (iv)&nbsp;refuse to accept the Indemnifiable Claim explaining the reasons for such refusal, in which case the Buyer shall assume the judicial or extrajudicial defense of such Claim and shall have the right to recover
any losses arising from such Indemnifiable Claim from the Sellers.&nbsp;In the event that the&nbsp;Sellers refuse to accept the Indemnifiable Claim per option (iv)&nbsp;of this Section&nbsp;11.4.(b), the Buyer shall be informed of the Sellers&#146;
decision within half of the time legally established to file a defense or, if the time legally established to file a defense is less than ten (10)&nbsp;days, the Buyer or the Target Company shall assume the defense of the Indemnifiable Claim, and
the Sellers may later decide to participate in or assume the defense<B>.</B> In the event an Officer and Seller of the Target Company becomes aware of facts giving rise or threatening to give rise to an Indemnifiable Claim subsequent to the Closing
Date, such Officer and Seller shall immediately notify Buyer of same in writing. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">c)&nbsp;&nbsp;If an Indemnifiable Claim arises out of
a temporary restraining order or injunction, considering the short term to present a defense to such a claim, the Party involved shall assume the defense without first notifying the other Party. The Parties shall discuss the subsequent defense
action(s) of such Indemnifiable Claim which shall either be assumed by both or one of the Parties. The Parties shall follow the established procedure in Section&nbsp;11.4.(b). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">(d) If an Indemnifiable Claim involves the responsibility of the Buyer and the Sellers, the Target Company shall always be the Party to take all actions to defend its interests and the Parties shall pay all defense
costs proportionally to their respective responsibilities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">e) If the Indemnifying Party disputes its Liability with respect to an
Indemnifiable Claim, it shall, within five (5)&nbsp;Business Days after receiving the Notification, give written notice of such dispute to the Indemnified Party, in which case both Parties shall endeavor to mutually agree in good faith to resolve
such dispute. If the Parties are unable to resolve the Indemnifiable Claim within sixty (60)&nbsp;days after the Indemnifying Party delivers such notice, then either Party shall be entitled to pursue all available remedies to prosecute or defend
against the Indemnifiable Claim. Pending resolution of any such dispute, the Indemnified Party shall have the right to defend, compromise, or settle such Indemnifiable Claim at the risk of the Indemnifying Party. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 38 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">f) Notwithstanding anything in this Section&nbsp;11.4. to the contrary, if there is a reasonable
probability that an Indemnifiable Claim may materially and adversely affect the Indemnified Party, its Subsidiaries or Affiliates, including the Target Company after the Closing Date if the Buyer is the Indemnified Party, other than as a result of
money damages or other monetary payments, then the Indemnified Party shall have the right, at the cost and expense of the Indemnifying Party, to defend, compromise or settle such Indemnifiable Claim provided that the Sellers give written acceptance
or fail to answer and agree that such Indemnifiable Claim may give rise to indemnification obligation by the Sellers. In such case, the Indemnifying Party shall not, without the Indemnified Party&#146;s prior written consent, settle or compromise
any Indemnifiable Claim or consent to entry of any judgment in respect of any Indemnifiable Claim unless such settlement, compromise or consent (a)&nbsp;includes as, an unconditional term the giving by the claimant or the plaintiff to the
Indemnified Party (and its Subsidiaries and Affiliates, including the Target Company after the Closing Date if the Buyer is the Indemnified Party) a release from all Liability in respect of such Indemnifiable Claim and (b)&nbsp;does not include a
finding or admission by the Target Company or the Buyer of any violation of applicable Laws or any violation of the rights of any Person.) Any settlement by an Indemnified Party which might prevent the Target Company from maintaining its good
standing and might affect the normal course of conduct of its business, shall be preceded by the express consent of the Target Company, the Buyer, and any other Party affected by such settlement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>11.5 Procedure for Indemnification with Respect to Non-Third Party Claims. </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">a) In the event that the Indemnified Party asserts the existence of an Indemnifiable Claim giving rise to Damages (but excluding Indemnifiable
Claims resulting from the assertion of liability by third parties), it shall give written notice to the Indemnifying Party specifying the nature and amount of the Indemnifiable Claim asserted (a &#147;<B>Claim Notice</B>&#148;). Where the matter
giving rise to a breach of any undertaking or warranty is capable of remedy, the breach shall not entitle the Indemnified Party to indemnification hereunder unless written notice of the breach is given to the Indemnifying Party and the matter or
default is not remedied within thirty (30)&nbsp;days after the date on which such notice is received. If the Indemnifying Party, within twenty (20)&nbsp;days after receiving such Claim Notice, has not given written notice to the Indemnified Party
announcing its intent to contest such assertion by the Indemnified Party, such assertion shall be deemed accepted and the amount of the Indemnifiable Claim shall be deemed a valid Indemnifiable Claim. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">b) If the Indemnifying Party contests the assertion of an Indemnifiable Claim by giving such written notice to the Indemnified Party within such
twenty-day period, then the Parties shall endeavor in good faith to resolve the Indemnifiable Claim. If the Parties are unable to resolve the Indemnifiable Claim within sixty (60)&nbsp;days after the Indemnifying Party delivers such notice, then
either Party shall be entitled to pursue all available remedies to prosecute the Indemnifiable Claim. </FONT></P> <P STYLE="margin-top:36px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>12. <U>CONDITIONS PRECEDENT TO
THE PARTIES&#146; OBLIGATION TO CLOSE</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">The closing is subject to the fulfillment in addition to those conditions established in
Section&nbsp;3.1. and Section&nbsp;4.2., on or prior to the Closing Date, of each of the following conditions (any of which may be waived by the Buyer or the Sellers, in whole or in part): </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 39 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>12.1 Representations and Warranties.</B>&nbsp;&nbsp;The representations and warranties of the Buyer
and the Sellers contained in this Agreement shall be true and correct in all respects as of the date of this Agreement and as of the Closing Date with the same force and effect as if made as of the Closing Date, or the Buyer or the Sellers shall
have disclosed in writing to the other Party, and such other Party shall have accepted, such changes to this Agreement (including Exhibits) as are necessary to render the representations and warranties true and correct in all respects as of the
Closing Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>12.2 No Injunction</B>.&nbsp;&nbsp;No statute, rule, regulation, executive order, decree, injunction, or other order
(whether temporary, preliminary or permanent) issued by any court of competent jurisdiction, shall be in effect that restricts or prohibits consummation of the transactions contemplated by this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>12.3 Governmental and Regulatory Consents</B>.&nbsp;&nbsp;All filings required to be made prior to the Closing Date and, with the exception of
CADE approval, all consents, approvals, permits, tax clearance certificates and authorizations required to be obtained prior to the Closing Date from governmental and regulatory authorities in connection with the execution and delivery of this
Agreement and the consummation of the transactions contemplated hereby shall have been made or obtained. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>12.4 No
Litigation</B>.&nbsp;&nbsp;&nbsp;&nbsp;No Claim, action, proceeding or investigation shall be pending which seeks to delay or prevent the consummation of the transactions contemplated hereby, or seeks money damages from the Buyer or the Target
Company by reason of the consummation of the transactions contemplated by this Agreement, or, if resolved adversely to the Target Company, would have a material adverse affect on the Target Company or restrict or limit the Buyer&#146;s ability to
own or control the Target Company, operate the business, or consummate the transactions contemplated hereby. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>13. <U>MISCELLANEOUS
PROVISIONS</U> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>13.1. Successors and Assigns.</B> This Agreement shall inure to the benefit of, and be binding upon, the Parties
and their respective successors and heirs. No Party shall assign this Agreement or any of the rights or obligations created hereunder without the prior written consent of the other Parties, except that the Buyer shall have the right to assign this
Agreement and all or any part of its rights hereunder to any Subsidiary or Affiliate of the Buyer, but in such event the Buyer shall remain fully liable for the performance of all of such obligations in the manner prescribed in this Agreement.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>13.2. Expenses.</B> Except as otherwise provided in this Agreement, the Sellers and the Buyer to this Agreement shall bear their
respective fees and expenses incurred in connection with the preparation, negotiation, execution and performance of the transactions contemplated by this Agreement and the Transaction Documents. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>13.3. Notices.</B> All notices, requests and other communications to any Party hereunder shall be made in writing with proof of receipt and
shall be delivered to such Party at its address set forth below or at such other addresses as shall be furnished by any Party by like notice to the others. Except as otherwise expressly provided herein, each such notice, request or other
communication shall be effective upon the earlier of (i)&nbsp;actual receipt, or (ii)&nbsp;receipt of confirmation of delivery, in each case at the address specified in this Section. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 40 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="6%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="justify"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(a)</FONT></P></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">if to the Buyer, to: </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">ScanSource do Brasil Participa&ccedil;&otilde;es Ltda. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">Avenida Brigadeiro Faria Lima, 1903, cj 141 - sala 1, </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">S&atilde;o Paulo, SP, CEP 01452-002 </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Attention: Ms.&nbsp;Regiane Nogueira </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">SCANSOURCE INC. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">6 Logue Court </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Greenville, SC 29615
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">ATTN: General Counsel </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><U>Courtesy Copy: Almeida Advogados</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">Avenida Brigadeiro Faria Lima, No.&nbsp;1461, 16th floor </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">CEP 01452-002 </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">S&atilde;o Paulo/SP &#150; Brazil </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">ATTN: Andr&eacute; de Almeida </FONT></P> <P STYLE="font-size:36px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="6%" VALIGN="top" ALIGN="justify"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">(b)</FONT></P></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">if to the <U>Sellers</U>, to: </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Alexandre Conde </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Alameda Topazio, 1006 Residencial 09 &#150; Santana do Parnaiba-SP CEP
06540-235 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Marcelo Hirsch </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Rua Padre
Jo&atilde;o Manuel, n&deg; 888, apto. 71,Cerqueira Cesar, S&atilde;o Paulo/SP &#150; CEP 01411-000 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Adolar Nardes Junior </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Rua
Prefeito Angelo Lopes, no. 2579, apt. 401, Hugo Lange, Curitiba/PR &#150; CEP 80040-252 </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><U>Courtesy Copy</U>: Abe, Costa, Guimaraes e
Rocha Neto Advogados </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Rua Bela Cintra, 904, 6 andar </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">Sao Paulo, SP, Brazil CEP 01415-000 </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>13.4. Entire Agreement.</B> This Agreement, together with the
Exhibits, the Schedules and the Transaction Documents, represents the entire agreement and understanding of the Parties hereto with reference to the transactions contemplated herein and therein. This Agreement supersedes all prior negotiations and
agreements among the Parties relating to the subject matter of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>13.5. Amendments.</B> This Agreement may be amended
only by a written instrument signed by the Parties. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 41 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>13.6. Severability.</B> The invalidity or unenforceability of any term or provision hereof shall
not affect the validity or enforceability of this Agreement and the Parties agree to make appropriate modifications to this Agreement to cure the invalidity or unenforceability of any term or provision hereof. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>13.7. Language.</B> This Agreement is executed and shall be interpreted exclusively according to the English language. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>13.8. Governing Law.</B> This Agreement shall be governed by, and construed in accordance with the laws of the United States of America.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>13.9. Dispute Resolution. </B>In the event of any controversy or Claim arising out of or relating to this Agreement, the Parties
hereto shall consult and negotiate with each other and, recognizing their mutual interests, attempt to reach a solution satisfactory to both Parties. If they do not reach a settlement within a period of sixty (60)&nbsp;days, then, any unresolved
controversy or Claim arising out of or relating to this Agreement shall be settled by arbitration in accordance with the International Arbitration Rules of the International Centre for Dispute Resolution. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>13.9.1. </B>The Parties shall have the right to submit the controversy to arbitration by means of a non-judicial notice to the other parties.
The notice shall present the name and address of the arbitrator selected by the claimant as well as the scope of the controversy. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>13.9.2 </B>The Panel of Arbitrators shall consist of three arbitrators. One of them shall be appointed by the claimant in its notification.
Another arbitrator shall be appointed by the other party within thirty (30)&nbsp;days from the date of the receipt of the claimant&#146;s notification. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>13.9.3 </B>The arbitrator selected by the claimant and the arbitrator selected by the respondent shall, within ten (10)&nbsp;days of the appointment of the second arbitrator, select a third neutral arbitrator,
who shall be a Brazilian national. In the event they are unable to do so, the third arbitrator shall be selected by the American Arbitration Association. All three arbitrators shall provide a statement disclosing any relationship that might
reasonably compromise his or her independence and impartiality. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>13.9.4 </B>The Panel of Arbitrators shall issue its ruling in order
to resolve the controversy according to the provisions of this Agreement and based on New York State Substantive Law. The arbitration shall be held in the city of Miami, State of Florida, United States. The language of the arbitration shall be
exclusively English. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>13.9.5 </B>The arbitration award shall be final and binding. It shall be in writing, accompanied by a reasoned
opinion, rendered by majority vote, and issued within six (6)&nbsp;months of the commencement of arbitration, unless such time limit is extended by the arbitrators by majority vote. The amounts in the award shall be expressed in Reais (R$). The
arbitrators may add interest rates to the amount of the award in case of payment delay according to the current commercial interest rate. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>13.9.6 </B>The arbitral award shall consist of a report, containing the parties&#146; names and a summary of the case. It shall refer to the
basis for the decision, address the material and legal aspects involved and specify whether the arbitrators rendered an award in equity or in law. The award shall also mention the provision by which the arbitrators were called into the dispute and
the deadline for compliance with the decision. The award shall state the date and place where the award was rendered and it shall be duly signed by all arbitrators. In order to facilitate enforcement of the arbitral award, such award shall list all
damages awarded and divide them </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 42 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
into particularized categories. Each category shall clearly state the amount of damages awarded under that category. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>13.9.7 </B>The arbitration costs and expenses shall be borne by the non-prevailing party. Each party shall receive a copy of the hearings minute. The costs of such copies shall be divided equally between the
Parties. Witness hearings shall be allowed. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>13.9.8</B> Either Party may, without waiving any remedy under this Agreement, seek from
any court having jurisdiction any interim or provisional relief that is necessary to protect the right or property of that Party, pending the establishment of the arbitral tribunal (or pending the arbitral tribunal&#146;s determination of the merits
of the controversy). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>13.10.9</B> This arbitration clause shall be deemed independent of this Agreement; therefore, should this
Agreement be considered invalid, such invalidity shall not render this arbitration clause null and void. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>14. <U>DEFINITIONS</U>
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><U>&#147;<B>Affiliates</B>&#148;</U> of any Person means any Person that, directly or indirectly through one or more
intermediaries, controls, is controlled by or is under common control with such Person. For the purposes of this paragraph, the term &#147;control&#148; means the possession, directly or indirectly, of the power to direct or cause the direction of
the management, and policies of a Person, whether through the ownership of voting securities, by contract, or otherwise. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Accounts Receivable</U>&#148;</B> means all the accounts and notes receivable by the Target Company as of the Signing Date including
vendor receivables. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Agreement or Definitive Agreement</U>&#148;</B> means this Share Purchase and Sale Agreement between
the Sellers and the Buyer dated April&nbsp;7, 2011. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Best of Sellers&#146; Knowledge</U>&#148;</B> means the definition
contained in Section&nbsp;5.1.(a). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Brazilian GAAP</U>&#148;</B>&nbsp;&nbsp;&nbsp;means accounting principles generally
accepted in Brazil applied consistently. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><U>&#147;Business Day&#148;</U></B>&nbsp;&nbsp;means any other day but Saturday, Sunday,
holidays in the Federative Republic of Brazil, or those days in which commercial banks of the city of S&atilde;o Paulo are authorized to close by law. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Buyer Indemnified Party</U>&#148;</B>&nbsp;&nbsp;means the definition contained in Section&nbsp;11.2(a) of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Cap</U>&#148;</B> means the definition contained in Section&nbsp;11.3 of this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">&#147;<B><U>Claim</U></B>&#148; means any claim, demand, action or cause of action for payment or performance of any debt, account, covenant,
contract, promise, loss, reimbursement, compensation, Liability or expense. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Claim Notice</U>&#148;</B> means the definition
contained in Section&nbsp;11.5. of this Agreement. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 43 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Confidential Information</U>&#148;</B> means the definition contained in Section&nbsp;9.
of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Closing Date</U>&#148; </B>means the definition contained in Section&nbsp;4.1. and/or
Section&nbsp;8.1.1. of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Collected Delinquent A/R and Vendor Receivables</U>&#148;</B> means the definition
contained in Exhibit 2.1.(b)(1) of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Contingency</U>&#148;</B> means any and all potential liability, known
or hidden, primary or ancillary, unfixed, not materialized, including, without limitation, civil obligations, taxes, labor, contractual and/or corporate. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Credits</U>&#148; </B>means that the Sellers do not have any credit of any nature, included but not limited to loan, pledge, guarantee, warranty, promissory note, instrument of credit of any kind,
extrajudicial or judicial enforcement instrument or collection right against the Target Company. Thus, the Target Company is not in debt to the Sellers for any amount or obligation. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Damages</U>&#148;</B> means the definition contained in Section&nbsp;11.2.(a) of this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Data Room</U>&#148;</B> means the Internet site with limited controlled access (using a secure log-on supplied by the Sellers which can
be disabled at any time by the Sellers) to which the Buyer and its advisers are given access. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Debts</U>&#148;</B> means the
definition contained in Section&nbsp;5.1.38. of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">&#147;<B><U>Designated Representations</U></B>&#148; means the
representations and warranties set forth in Sections 5.1.1. (Organization), 5.1.2. (Capitalization, Ownership of Shares), 5.1.3. (Authorizations), 5.1.19. (Taxes), 5.1.22. (Labor and Employees), 5.1.23. (Employee Benefit Matters), 5.1.29. (Brokerage
and Finder&#146;s Fees), 6.1. (Organization), 6.2. (Non Compete), 6.4. (Corporate Authorization), and 6.8. (Purchase for Investment). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Due Inquiry</U>&#148;</B> means the definition contained in Section&nbsp;5.1. and/or Section&nbsp;5.1.37. of this Agreement.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><U><B>&#147;Due to Sellers&#148;</B></U> means the definition contained in Exhibit 2.1.(a) of this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Earn-Out Credit</U>&#148;</B> means the definition contained in Exhibit 2.1.(b)(1) of this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">&#147;<B><U>Earn-out Period</U></B>&#148; means the definition contained in Exhibit 2.1.(a) of this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Employee Plan</U>&#148;</B> means any employee share scheme of the Target Company in which the employees participate or are eligible to
participate. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Environmental Property</U></B><B>&#148;</B>&nbsp;&nbsp;&nbsp;means the definition contained in
Section&nbsp;5.1.28. of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Escrow Agent</U>&#148;</B> means the bank HSBC Brasil as custodian bank for the
Escrow Amount. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Escrow Amount</U>&#148;</B> means the amount equal to the sum of R$40,000,000.00 to be held in an interest
bearing account. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 44 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Final Closing Balance Sheet</U>&#148;</B> means the definition contained in
Section&nbsp;7.3.(b) of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Financial Statements</U>&#148; </B>means the definition contained in
Section&nbsp;5.1.5.<B></B> of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">&#147;<B><U>Governmental Authority</U></B>&#148; means any domestic or foreign
government, including any federal, provincial, state, territorial or municipal government, and any government agency, tribunal, commission or other authority exercising executive, legislative, judicial, regulatory or administrative functions of, or
pertaining to, government and any official of any of the foregoing. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Guidelines</U>&#148;</B> means the definition contained
in Exhibit 2.3 of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Hazardous Materials</U>&#148;</B> means a substance or material that a competent
Governmental Authority has determined is capable of posing an unreasonable risk to health, safety, and property in specific conditions or circumstances. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Indemnifiable Claim</U>&#148; or &#147;<U>Indemnifiable Claims</U>&#148; </B>means the definition contained in Section&nbsp;11.2(a) or Section&nbsp;11.2(b) of this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Indemnifiable Escrow Claim Settlement</U>&#148;</B> means the definition contained in Section&nbsp;2.2.(a) </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Indemnified Party</U>&#148;</B> means the definition contained in Section&nbsp;11.3.(c) of this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Indemnifying Party</U>&#148;</B> means the definition contained in Section&nbsp;11.3.(c) of this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Indemnity Escrow</U>&#148;</B> means the definition contained in Section&nbsp;2.2.(a)(1) of this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Insolvent</U>&#148;</B> means the definition contained in Section&nbsp;5.1.38. of this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Intellectual Property</U></B><B>&#148;</B>&nbsp;&nbsp;means all patent rights, copyrights, copyright registration order, systems,
software and any other similar Intellectual Property right, now belonging to the Target Company and/or those that shall be used in the business of the Target Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Inventory</U></B><B>&#148;</B> means the definition contained in Section&nbsp;5.1.10. of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>IPI Escrow</U>&#148; </B>means the definition contained in Section&nbsp;2.2.(a)(3). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">&#147;<B><U>Law</U></B>&#148;&nbsp;&nbsp;&nbsp;means and includes any federal, state, provincial, local, municipal, international, multinational
law, ordinance, regulation, rule or principle of common law, regulation, statute, or treat, and any order of Governmental Authority relating to the foregoing. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B><U>&#147;Liability&#148;</U></B> means all and any liability, known, primary or ancillary, fixed, overdue or to be overdue, including, without limitation, civil obligations, Taxes, labor, contractual and/or
corporate. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><U>&#147;Lien&#148;</U></B> means, in relation to any property or assets, any mortgage, security, pledge, charges,
security interests, trust receipt, conditional sale, encumbrance, or any other real right or warranty of any type, in relation to any property or assets. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Non-Competition Period</U>&#148;</B> means the definition contained in Section&nbsp;8.1.2. of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Notification</U>&#148;</B> means the definition contained in Section&nbsp;11.4.(a) of this Agreement. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 45 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><U>&#147;Ordinary Course of Business&#148;</U></B> means the conduct of the business of the
Agreeing Parties and Target Company in accordance with the applicable Law, past practice and normal custom of the business. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><U>&#147;Person&#148;</U></B> means the natural person, a joint-stock company, a limited liability company, a joint venture, a trust or any
other entity or organization, even without corporate personality including a government or its agencies or subdivisions or other entities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><U><B>&#147;Preliminary Closing Balance Sheet&#148;</B> means the definition contained in Section&nbsp;7.3.(b) of this Agreement.</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B><U>&#147;Purchase Price&#148;</U></B> means the definition contained in Section&nbsp;2.1. of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B><U>&#147;Real</U></B>&#148;<B>, </B>&#147;<B><U>Reais</U></B>&#148;<B> </B>or<B> </B>&#147;<B><U>R$</U></B>&#148;<B> </B>means the currency of Brazil.<B></B> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B></B>&#147;<B><U>Real Property</U></B><B></B>&#148;<B></B> means the definition contained in Section&nbsp;5.1.9. of this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Relevant Adverse Effect</U>&#148; </B>means any event, fact or circumstance that occurred between June&nbsp;30, 2010 and the Closing,
which was not disclosed by the Sellers prior to the date hereof that: (i)&nbsp;individually or collectively result (or might result) in Damages, liabilities, costs or expenses to the Target Company in an amount exceeding fifty thousand Reais
(R$50.000,00); or (ii)&nbsp;results in an annual loss in net earnings of the Target Company of more than 3% (three percent) of the Target Company&#146;s net earnings from the Closing Date; (iii)&nbsp;any other event, change or occurrence of any
nature which, individually or collectively, adversely affects (or may affect) the condition (financial or otherwise), business, assets, results of operations or prospects of the Target Company; (iv)&nbsp;any event, change or occurrence of any nature
which, individually or collectively, adversely affects (or may affect) the condition (financial or otherwise), business, assets, results of operations or prospects of any Party to this Agreement and interferes with the ability of such Party to
fulfill its obligations set forth herein. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Relevant Person</U>&#148;</B> means the definition contained in
Section&nbsp;8.1.3. of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Relevant Products or Services</U>&#148;</B> means the definition contained in
Section&nbsp;8.1.4. of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Shares</U>&#148;</B> means the definition contained in Recital D. of this Agreement.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Seller Indemnified Party</U>&#148;</B> means the definition contained in Section&nbsp;11.2.(b) of this Agreement.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Signing Date</U>&#148;</B> means the definition contained in Section&nbsp;4.1. of this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">&#147;<B><U>Subsidiary</U></B>&#148; means, with respect to any Person, any corporation a majority of the total voting power of shares of stock of
which such Person is entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof and is at the time owned or controlled, directly or indirectly, by that Person or one or more of
the other Subsidiaries of that Person or a combination thereof, or any partnership, limited liability company, association or other business entity a majority of the partnership or other similar ownership interest of which is at the time owned or
controlled, directly or indirectly, by that Person or one or more Subsidiaries of that Person or a combination thereof. For purposes of this definition, a Person is deemed to have a majority ownership interest in a partnership,
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 46 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
limited liability company, association or other business entity if such Person is allocated a majority of the gains or losses of such partnership, limited liability company, association or other
business entity or is or controls the managing director or general partner of such partnership, limited liability company, association or other business entity. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Target Company&#146;s Knowledge</U>&#148;</B> means the definition contained in Section&nbsp;5.1.37. of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Target Company Net Income</U>&#148;</B> means the definition contained in Exhibit 2.1.(b)(1) of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Tax(es)</U>&#148;</B> mean(s) all and any federal, state and municipal taxes and any other taxes, charges, emoluments (including, but not limited, to taxes resulting from corporate operations, value
added taxes, municipal tax on service, registry taxes, real estate taxes, and custom duties), as well as labor charges, social contributions including, but not limited to, social security contributions and health plan and supplementary private
pension. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">&#147;<B><U>Tax Returns</U></B>&#148; means returns, declarations, reports, Claims for refund, information returns or other
documents (including any supporting Exhibits, statements or information required to be attached thereto) filed or required to be filed in connection with the determination, assessment or collection of Taxes of any party or the administration of any
laws, regulations or administrative requirements relating to any Taxes. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">&#147;<B><U>Territory of Brazil</U>&#148; </B>means the
territory of the Federative Republic of Brazil in accordance with international law and Brazilian law. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">&#147;<B><U>Thermal Printer
Escrow</U></B>&#148; means the definition contained in Section&nbsp;2.2.(a)(2). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Threshold</U>&#148;</B> means the
definition contained in Section&nbsp;11.3. of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>Transaction</U>&#148;</B> means the definition contained in
Section&nbsp;1.1. of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><U>&#147;Transaction Documents&#148;</U></B> means this Agreement and its Exhibits, and any
other document related to this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>&#147;<U>US GAAP</U>&#148;</B> means accounting principles generally accepted in the
United States of America applied consistently. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px;padding-bottom:0px;" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><U>EXHIBIT LIST</U><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT></B><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1<B></B></SUP><B><FONT STYLE="font-family:ARIAL" SIZE="2">
</FONT></B></FONT></FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="80%"></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 2.1.(a)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Calculation of Initial Purchase Price</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit&nbsp;2.1.(b)(1)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Earn-Out Calculation</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit&nbsp;2.1.(b)(1)(e)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Sellers&#146; Wiring Instructions</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit&nbsp;2.1.(b)(1)(e)(iii)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Form Of Annual Certification Letter</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 2.1.(b)(2)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Net Income Calculation</B></FONT></P></TD></TR></TABLE>
<P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:26%">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px;padding-bottom:0px;" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"></FONT><FONT
STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="2"> Exhibits not filed herewith pursuant to 601(b)(2) of Regulation S-K. The registrant will
supplementally provide a copy of such schedule or exhibit to the Commission upon request. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 47 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="19%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="77%"></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit&nbsp;2.1.(b)(2)(a)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Net Income Calculation for Earn-Out 2011</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit&nbsp;2.1.(b)(2)(b)(3)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Inventory And A/R Reserve Methodologies</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 2.2.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Escrow Agreement</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 2.3.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Target Company&#146;s Operating Model</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 2.3(f)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Employment of Sellers&#146; Relatives</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 2.4.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Purchase Price Payment Guaranty</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 3.1.(e)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Officers&#146; Service Agreements</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 3.1.(g)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Governmental Authorities&#146; Authorizations, Consents or Approvals</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 3.1.(k)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Bematech Amendment</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 3.1.(o)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Curitiba Civil District Court Order</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 4.2.(iv)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Mandates and Powers of Attorney</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 4.2.(vi)(a)-(e)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Form of Sellers&#146; Legal Opinion</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 4.2.(ix)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Target Company&#146;s Shareholders&#146; Meeting Minutes</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Powers of Attorney</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.1.(a)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Organization</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.1.(b)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Business Arrangements or Relationships Between Sellers and the Target Company</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.1.(c)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Target Company&#146;s Current Bylaws</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.2.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Capitalization, Ownership of the Shares</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.5.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Target Company&#146;s Audited Financial Statements</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.7.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Absence of Certain Changes or Events Outside of the Ordinary Course of Business</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.7.9.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Liability for any Distribution, Dividend or Similar Payment</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.8.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Assets</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.9.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Real Property and Leases</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.10.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Inventories</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.12.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Absence of Undisclosed Liabilities</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.13.(a)-(n)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Agreements</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.14.(d)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Accounts Receivable Bad Debt Reserve</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.16.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Indebtedness; Bank Accounts</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.17.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Insurance</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.19.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Tax Lawsuits</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.19 (a)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Tax Returns</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.19.(b)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Tax Investigation Procedures</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.20.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Licenses and Permits</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.21.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Litigation</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.22.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Labor and Employees</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.22.(a)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Service or Outsourced Contractor Agreements</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.22.(b)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>List of Employees</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.22.(c)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>List of Advanced Wages</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.22.(d)(1)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Cellular Phones</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.22.(d)(2)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Educational Assistance Benefits</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.22.(e)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Employee Dismissals</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.24.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Employees&#146;&nbsp;Injuries</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.26.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Intellectual Property</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.28</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Environmental Waste Disposals</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.28.1.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Environmental</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.28.2.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Documents, Filings, Reviews, Audits Regarding Environmental Property</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.28.5.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>List of Sites Regarding Hazardous Materials Disposal</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.30.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>No Material Adverse Change</B></FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 48 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="17%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="79%"></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit&nbsp;5.1.34.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Customers and Suppliers &#150; Material Change</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit&nbsp;5.1.34.(a)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Customers and Suppliers &#150; Top 20</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit&nbsp;5.1.35.(c)(1)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Back-Up System</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.35.(c)(2)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Business Insurance</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.37.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Conflicts of Interest</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 5.1.39.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Product Warranty</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 6.6.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Buyer&#146;s Claims</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 7.3.(a)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Post-Closing Obligations</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Exhibit 7.3.(b)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Format of Preliminary Closing Balance Sheet</B></FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">In witness whereof, this Agreement was executed in 04 (four) equal counterparts by their duly authorized representatives, in the presence of the 02 (two) undersigned witnesses. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">S&atilde;o Paulo, April&nbsp;7, 2011 </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><U>BUYER</U> / </B><B><I><U>COMPRADORA</U></I></B><B>: </B></FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="2"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>/s/ Elias Botbol by Power of Attorney<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>SCANSOURCE DO BRASIL PARTICIPA&Ccedil;&Otilde;ES LTDA </B></FONT></P> <P STYLE="margin-top:36px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B><U>SELLERS / </U></B><B><I><U>VENDEDORES</U></I></B><B><U></U>: </B></FONT></P> <P STYLE="font-size:36px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="48%"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3">Alexandre Machado De Campos Conde</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3">Alexandre Machado De Campos Conde</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="3">By Power Of Attorney On Behalf Of</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">Adolar Nardes J&uacute;nior</FONT></P></TD></TR>
<TR>
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3">Alexandre Machado De Campos Conde</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="3">By&nbsp;Power&nbsp;Of&nbsp;Attorney&nbsp;On&nbsp;Behalf&nbsp;Of</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">Marcelo Duarte Hirsch</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3">Alexandre Machado De Campos Conde</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="3">By Power Of Attorney On Behalf Of</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">Gabriela Possebom</FONT></P></TD></TR>
<TR>
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3">Alexandre Machado De Campos Conde</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="3">By&nbsp;Power&nbsp;Of&nbsp;Attorney&nbsp;On&nbsp;Behalf&nbsp;Of</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">Gustavo Conde</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3">Alexandre Machado De Campos Conde</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="3">By Power Of Attorney On Behalf Of</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">Daniele Possebom</FONT></P></TD></TR>
<TR>
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3">Alexandre Machado De Campos Conde</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="3">By Power Of Attorney On Behalf Of</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">Rosania De Souza Possebom</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3">Alexandre Machado De Campos Conde</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="3">By Power Of Attorney On Behalf Of</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">Juliane Possebom</FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 49 of 50
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3">Alexandre Machado De Campos Conde </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3">By Power Of Attorney On Behalf Of </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2">Caio Vinicius Domingos Nardes </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><I><U></U></I></B><B><U>INTERVENIENTES ANUENTES / </U></B><B><I><U></U></I></B><I><U></U></I><B><I><U>AGREEING
PARTIES:</U></I></B><I><U></U></I><B><I><U></U> </I></B></FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3"><U>Alexandre Machado De Campos Conde By Power Of Attorney </U></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>CDC BRASIL S. A. </B></FONT></P> <P STYLE="margin-top:36px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3"><U>Alexandre
Machado De Campos Conde By Power Of Attorney </U></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>AECO PARTICIPA&Ccedil;&Otilde;ES LTDA. </B></FONT></P>
<P STYLE="margin-top:36px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3"><U>Alexandre Machado De Campos Conde By Power Of Attorney </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>RHOUSE PARTICIPACOES LTDA. </B></FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3"><U>Alexandre Machado De Campos Conde By Power Of Attorney
</U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>NARDES ADMINISTRA&Ccedil;&Atilde;O LTDA. </B></FONT></P> <P STYLE="margin-top:36px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B><U>Testemunhas / </U></B><B><I><U>Witnesses</U></I></B><B><U></U>: </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0">

<TR>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">1.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;/s/ Gustavo Abud Navacchia</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">2.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;/s/ Gustavo Conde</FONT></P></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Nome: Gustavo Abud Navacchia</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">RG: 36853081-45581SP</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">CPF: 38414717810</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Nome: Gustavo Conde</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">RG: 25545367x</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">CPF: 29939463820</FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Page 50 of 50
</FONT></P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>dex991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<HTML><HEAD>
<TITLE>Press release</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Exhibit 99.1 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="57%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">For Immediate Release</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">April&nbsp;15, 2011</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">Contact:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">Melissa Andrews, ScanSource, Inc.<BR>864.286.4425</FONT></P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><U>melissa.andrews@scansource.com</U></FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="3"><B>SCANSOURCE, INC. ANNOUNCES COMPLETION OF ACQUISITION OF </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:ARIAL" SIZE="3"><B>BRAZIL&#146;S LEADING AIDC/POS DISTRIBUTOR, CDC BRASIL </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>GREENVILLE, SC</B>
&#150; ScanSource, Inc. {NASDAQ: SCSC}, the leading international value-added distributor of specialty technology products, through its wholly-owned subsidiary, ScanSource do Brasil Participa&ccedil;&otilde;es LTDA (&#147;ScanSource&#148;) , has
closed its purchase of the share of CDC Brasil, S.A. (&#147;CDC Brasil&#148;), Brazil&#146;s leading distributor of AIDC and point-of-sale solutions, which was previously announced April&nbsp;8, 2011. The transaction is subject to Brazilian
regulatory approval. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">ScanSource now owns 100% of the shares of CDC Brasil. Pursuant to the purchase agreement,
ScanSource paid R$57,300,000 (or approximately $36,590,000) at today&#146;s closing to the Sellers directly or to an escrow agent (the &#147;Closing Payment&#148;). Additional amounts are payable to Sellers pursuant to an annual earn-out through
June&nbsp;30, 2015. A substantial portion of the Closing Payment is being held by an independent escrow agent and will be available to cover certain contingent liabilities of CDC and/or indemnification claims under the Agreement. The total potential
purchase consideration for CDC, without assuming any increase or decrease in earnings, is approximately R$103,000,000 (approximately $65,500,000). </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:4%" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Safe Harbor Statement </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">This press release contains comments that are
&#147;forward looking&#148; statements that involve risks and uncertainties; these statements are subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. Any number of important factors could cause actual results
to differ materially from anticipated results, including, but not limited to, macroeconomic circumstances that could impact our business, such as currency fluctuations or change in capital and credit market conditions.&nbsp;For more information
concerning factors that could cause actual results to differ from anticipated results, see the Company&#146;s annual report on Form 10-K for the year ended June&nbsp;30, 2010 filed with the Securities and Exchange Commission.&nbsp;You are cautioned
not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. There can be no guarantee that the acquisition of CDC Brasil will </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">
receive Brazilian regulatory approval.&nbsp;We undertake no obligation to make any revisions to the forward-looking statements or to reflect events or circumstances after the date of this press
release. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:4%" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>About ScanSource, Inc. </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">ScanSource, Inc. {NASDAQ:SCSC} is the leading international distributor of specialty technology products, consisting of seven sales
units in North America, Latin America and Europe.</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2">ScanSource POS and Barcoding in North America, Latin America and
Europe delivers AIDC and POS solutions; Catalyst Telecom in the US, and ScanSource Communications in North America and Europe, provide voice, video and converged communications equipment; and ScanSource Security in North America offers physical
security solutions.&nbsp;Founded in 1992, the company ranks #881 on the Fortune 1000.&nbsp;For more information, call the toll-free sales telephone number at 800.944.2432 or visit <U>www.scansourceinc.com</U>. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px; margin-left:4%" ALIGN="justify"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>About CDC Brasil </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" SIZE="2">CDC Brasil has offices in Sao Paulo, Curitiba and Recife.&nbsp;For more information on ScanSource, Inc., please visit <U>http://www.scansourceinc.com</U>. </FONT></P>
<P STYLE="font-size:24px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="2"># # # </FONT></P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
