Purchase and Sale of Quotas and Company Name Change

On 09/11/1990, at the notary office of Oliveira do Bairro, the company’s statute was altered due to the sale of quotas between partners. Carlos Reis buys the quota of the other partner and, to maintain a variety of owners, gifts a share to Maria José. These remain the sole partners of the company. On 17/12/1990, at the notary office of Oliveira do Bairro, the company’s statute was altered and the company name was altered to Carlos Reis – Mediação de Seguros, Lda.