PIFPIFMODULEMODULE

LENDERS EQUITY INVESTORS

BRASILINVEST PIFCORPORATIONFUND MANAGER

PIFDEVELOPMENT Co

TECHNICAL COMMITTEE

EPC CONTRACTORS

FRANCHISEEA

FRANCHISEEB

FRANCHISEEC

PROJECTCOMPANY

A

PROJECTCOMPANY

B

PROJECTCOMPANY

C

FACILITY OWNER

C

FACILITYOWNER

A

FACILITY OWNER

B

FRANCHISE AGREEMENTS

EQUITYAGREEMENTS

DEBTAGREEMENTS

SERVICE AGREEMENTS

PERFORMANCE IMPROVEMENT AGREEMENTS

PIF’sPIF’s OPERATIONAL STRUCTURE OPERATIONAL STRUCTURE

SERVICEAGREEMENTS

BOARD OFDIRECTORS

MAJORITYOWNERSHIP

DEVELOPMENT&

MANAGEMENTAGREEMENTS