The Company estimates that the net proceeds of the offer will be approximately $116.7 million, or approximately $155.5 million, if the insurers fully exercise their option to purchase the additional shares, in all cases after deducting insurance rebates and estimated commissions and offer costs. The company does not receive any of the proceeds from the sale of common shares by the selling shareholder. (k) the issued share capital of the company, including securities for sale by the market of the shares for sale, corresponds to its description in the registration statement, the advertising package and the prospectus; securities have been duly approved and, when issued and delivered for payment, as stated here, are effectively issued, paid in full and not on the basis of the payment of other capital and are issued in accordance with all applicable securities laws; except in the registration statement, disclosure file and prospectus, there are no options, guarantees or other rights to purchase, agreements or other issuance obligations or rights to convert bonds into shares or shares of the company. (m) there is no franchise document, contract or other document of character that must be described in the registration statement, in the advertisement file or in the prospectus, or presented as an exhibition that is not described or filed as necessary (and the provisional prospectus contains, in all respects, the same description of the material contained in the prospectus above); and statements contained in the registration statement, disclosure file and prospectus under (i) Material U.S. Federal Income and Estate Tax Considerations for Non-U.S. or were incorporated by reference. Holder of our basic stock in the interim prospectus, (ii) Risk factors Risks related to administrative authorization and other legal compliance issues in the company`s quarterly report on Form 10-Q for the quarterly period ended March 31, 2020 and (iii) BusinessGovernment Regulation and Product Licensure in the Company`s activity report on Form 10-K for the year ended December 31, 2019 , synthesize agreements, documents or procedures discussed, are accurate and fair summaries of these legal issues, conventions, documents or procedures. The insurance agreement contains the details of the transaction, including the insurance group`s commitment to acquire the new issue of securities, the agreed price, the initial resale price and the settlement date. (b) Insurers have received a certificate on the reference date, dated the reference date and signed by an executive of the company, with the effect referred to in Section 5, (a) (c) (c) and that the assurances and guarantees contained in this agreement are true and correct on the reference date and that the company has complied with all agreements and fulfilled all the conditions that are included in this agreement. , which must be executed or executed on the closing date or before the completion date.