OBLIGATIONS AND RESPONSIBILITIES OF THE CONTRACTOR 1 THE CONTRACTOR agrees to:

I. maintain exclusivity with regard to performance of the services covered by this Contract, it being prohibited from acting as correspondent of another financial institution, including as subcorrespondent;

II. make infrastructure available for the installation of equipment necessary for performance of the contracted services, as well as satisfy all the conditions established by the CONTRACTING PARTY, including, without limitation, those specified in the “Procedures Manual” furnished by the CONTRACT- ING PARTY to the CONTRACTOR on the date of installation of the equipment or posted on the website of [Brazilian bank];

III. execute and process transactions in strict conformity with the conditions and procedures established for each product and set out in the “Procedures Manual”;

IV. maintain complete and absolute secrecy, on the part of both itself and its employees or agents, concerning any data, materials, details, transmitted in- formation, documents, technical or commercial specifications, innovations and improvements of which it has knowledge or to which it has access, or which are shared with it by the CONTRACTING PARTY by virtue of this Contract, it being prohibited for any reason from reproducing, divulg- ing, transferring, selling, giving, exploiting, marketing, disclosing, using, or making them known to third parties not a signatory hereto, without the express written consent of the CONTRACTING PARTY, under penalty of law, including after the expiration of this Contract, without prejudice to li- ability for any ensuing losses and damages;

V. assume full liability for damages suffered by the CONTRACTING PARTY and [Brazilian bank], customers, or third party payers as a result of any malicious or negligent acts or omissions committed by it;

VI. guarantee full and unrestricted access by [Brazilian bank] to all information, data, and documents related to the services provided, covered by this Contract; VII. also guarantee full and unrestricted access by the Central Bank of Brazil to

all information, data, and documents related to the services provided, cov- ered by this Contract;

VIII. assume responsibility for all personnel expenses and any other related ex- penses derived from or associated with the employment contracts of its em- ployees, it being required, as a matter of regular procedure, to affirm in any proceeding—administrative or judicial—its exclusive responsibility for payment of the respective labor, tax, and social insurance obligations; IX. assume responsibility for all provisions and obligations established in the

legislation pertaining specifically to work-related accidents suffered by its employees in the performance of functions related to the purpose of this Contract;

X. participate in training programs offered by the CONTRACTING PARTY, to ensure that its staff has all the information necessary for the proper ex- ecution of their duties;

XI. permit disclosure on the Web sites of [Brazilian bank] and the CON- TRACTING PARTY of the existence of the partnership and the respective address of the CONTRACTOR, as well as disclosure of the partnership on other communications media, making known its status of correspondent; XII. in the event of cancellation of this Contract, cease any and all use of the

“[Brazilian bank]” trademark;

XIII. notify the CONTRACTING PARTY of any penalties imposed by super- visory bodies as a result of its activities as correspondent;

XIV. apprise the CONTRACTING PARTY, immediately and in writing, of any irregularity observed in the execution and processing of transactions; XV. make compensation and/or assume responsibility for any expenses related

to the purpose of this Contract that [Brazilian bank] and/or the CON- TRACTING PARTY may be enjoined by judicial decision to pay, relative to the employees of the CONTRACTOR responsible for the execution and processing of transactions;

XVI. provide all clarifications requested of it by the CONTRACTING PARTY; XVII. guarantee that the use of software and hardware, made available by the

CONTRACTING PARTY, shall be restricted to the execution and pro- cessing of the transactions covered by this Contract and within the period of validity hereof;

XVIII. refrain from reproducing all or part of the software and respective docu- mentation covered by this Contract and made available by the CON- TRACTING PARTY, unless expressly authorized to do so in writing; XIX. return to the CONTRACTING PARTY, in the event of cancellation, all

programs, hardware, and respective documentation provided under this Contract in perfectly usable condition;

XX. acknowledge receipt of notification of changes in the “Procedures Manual” introduced and disclosed by the Bank itself;

XXI. report any differences caused by shortages, overages, differences in valu- ation documents or suspected of being illegal, verified in the analytical check of cash by the responsible office of [Brazilian bank], directly to [Brazilian bank], in accordance with and within the periods defined in the “Procedures Manual”;

XXIII. in dealing with customers, observe procedures of courtesy, respect, service, and promptness;

XXIV. ensure compliance with the laws in force governing the hiring of persons under 18 years of age, refrain from hiring them for night-time, dangerous, or unhealthy work, and refrain from hiring persons under 16 years of age, except as interns, in accordance with the Law;

XXV. avoid harming the environment by complying with the Environmental Laws in force;

XXVI. maintain a deposit account in the name of the CONTRACTOR at [Brazilian bank] S.A., to facilitate the relationship between the parties; XXVII. promptly inform the CONTRACTING PARTY of the existence of notices,

notifications, or sanctions imposed by supervisory bodies, and of any legal notices, notifications, interpellations, or summonses, all in connection with its actions as correspondent, under penalty of being held liable for judg- ments rendered in default;

XXVIII. provide the CONTRACTING PARTY, when requested, with copies of documentary proof of the regular collection of taxes, contributions, and legal charges, or tax clearance certificates attesting to the fulfillment of its tax obligations;

XXIX. cooperate, in addition, with inspections carried out by the Central Bank of Brazil.

2.2 The CONTRACTOR also agrees to observe, in connection with the execution and processing of transactions covered by this Contract, the standards issued by the National Monetary Council and the Central Bank of Brazil, including with regard to Law 9.613/98–Preventing and Combating Money Laundering.

3. OBLIGATIONS AND RESPONSIBILITIES OF THE CONTRACTING PARTY