Contract duration clause samples

The adjusted Crediting Rate will be based on the (i)then current Crediting Rate and (ii)each New Money Crediting Rate applicable to each Subsequent Purchase Payment. The New Money Crediting Rate is a rate that is declared weekly and applied based on the remaining Contract Duration. If the remaining Contract Duration is 11 months or less, the New Money Crediting Rate will be the Short-Term Crediting Rate (described later in this Prospectus).

Name of the Related-Party: Italtel Brasil Ltda Transaction Date: 11/13/2017 Value Involved (Reais): R$ 1,100,000.00 Balance Remaining (Reais): Not applicable Total (Reais): Not applicable Duration: 11/01/2017 until 10/31/2018. Loan or another type of debt: Not applicable Interest rate charged: Not applicable Contract object: MGX (Media Gateway) ERICSSON, NGN (Next Generation Networking) Italtel and Huawei Inventory implementation platform in order to automate commands and configurations in Italtel’s plataform. Warranty and insurance: Insurance Company Letter: Creditor: TIM Celular S.A. / Guarantor: Porto Seguro Cia de Seguros Gerais / Bailed: Italtel Brasil Ltda / Expiration: 11/01/2017 until 10/31/2018 / Guarantee value limitation of R$ 110,000.00. Financial guarantee on contract: irrevocable guarantee letter, without any previous condition to its execution, of 10% of the estimated value on contract, signed by a first class insurance company, previously approved by the Contractor and that must remain in force throughout the contract duration. Insurance: The Agreement provides that the contractor must maintain compulsory insurance that ensure and protect from risks inherent to the services under the contract, against any kind of damage and / or injury caused to the contractor and / or third parties, whether to order material and / or personnel and / or legal and / or financial which shall have effect until the completion and / or issuance of the Final Acceptance Agreement by the contractor, whichever occurs last. Insurance must comply with the rules of Brazilian law. Rescission or extinction: The agreement provides many dissolution possibilities, among which, assignment of rights, bankruptcy, acts that affect the reliability and morality of TIM, among others. In any termination event the hired company shall only be entitled to payment for services actually rendered, not being owed any compensation. Nature and reason for the operation: Italtel presented a better technical and commercial offer proposing a better operational performance of TIM’s Network. Relationship with the issuing: Company has business relationships with other companies from Telecom Italia group.