GIORGIO EUGENIO OSCARE GIACAGLlATRADUTOR JURAMENTADO

Junta Comercial do Estado de São PauloTraduttore Giurato /Sworn Translator

Italiano N. 474/ English N. 954CCM n. 8.396.002-3 - R.G. n. 1.584.372 SSP/SP

R. Almirante Calheiros, 216Tatuapé - S. Paulo - SP - Brasil

CEP03066-070Tel. (11) 2091-2997

Cel.: (11) 99859-3868E-mail: sac@kloster.trd.br

Translation No. 5938/16 BookNo.31 PageNo.308

1, the undersigned, Dr. Giorgio Eugenio Oscare Giacaglia, Certified Sworn Translator, do herebycertify this is afaithful translation 01 a document submitted to me in Portuguese.

FIA - Fundação Instituto de Administração[Institute 01Administration]

FACULDADE FIA SCHOOL OF ADMINISTRATION & BUSINESSESMaintained by Fundação Instituto de Administração

MEC Ordinance of Accreditation No. 750, of05.26.2000 - State Official Gazette of05.30.2000.Main Office: Rua José Alves da Cunha Lima, 172 - Zip Code 05360-050 - Butantã - São Paulo - SP

Tel.: (11) 3732-3500Site: http://www.fia.com.br- e-mail: secretariaacademica@fia.com.br

POST-GRADUATION "LATO SENSU" MBA BUSINESS MANAGEMENT - FW ABC CONSORTIUM

ACADEMIC TRANSCRIPTION

Name:Date of birth:Id. Card.:Place ofbirth:Nationality:Group:Starting:Ending:

FERNANDO ITOFebruary zo", 197524.470.677-3São Paulo - SPBrazilian102.27.201209.24.2013

Subjects Responsible Professor Hourly Attendance ConceptLoad %

The Economic Environment & The Business Prof. Simão Davi Silber, 40 100 ADecision PhDStrategic Management of Organization & Adalberto Américo 36 100 ACompetitiveness Fischmann, PhDIntemational Businesses Manazement Fábio Lotti Oliva, PhD 32 100 AManagement Accounting & Costs Reinaldo Guerreiro, PhD 28 100 CManagementCorporate Finances José Roberto Securato, PhD 36 100 BPeople Management & Organizational Liliana Vasconcellos, PhD 36 94 BChangeMarketing Celso Cláudio de Hildebrand 56 96 B

e Grisi, PhDProduction & Operation s Management Claudio Felisoni de Angelo, 32 100 B

PhDProject Management Antonio Cesar Amaru 24 100 B

Maximiano, PhDManagerial Skills ofDecision Making Alceu Salles Camargo 56 100 B

Júnior, PhDLab of Simulated Management Celso Cláudio de Hildebrand 32 100 A

G\OEO~e Grisi

o~ 0,ORJl.J~;-'!: Emerging Issues Silvio Aparecido dos Santos, 24 100 A,,~o .~ ~ PhD" .....,..,.,'"...• /" .,.,"

Fábio Lotti Oliva, PhD7çC. Guiding & Developing ofthe Project 24 100 A

L o;>Completion

~308

o,()-4Úf. Rf"?~

0·6

GIORGIO EUGENIO OSCARE GIACAGLlATRADUTOR JURAMENTADO

Junta Comercial do Estado de São PauloTraduttore Giurato /Sworn Translator

Italiano N. 474/ English N. 954CCM n. 8.396.002-3 - R.G. n. 1.584.372 SSP/SP

R. Almirante Calheiros, 216Tatuapé - S. Paulo - SP - Brasil

CEP03066-070Tel. (11) 2091-2997

Cel.: (11) 99859-3868E-mail: sac@kloster.trd.br

Professional & Personal Development IFábio Lotti Oliva, PhD I 44 I 91 I ALíve Hourly Load of Program: 500 class hours~ttendance Total of Program: 98%Final Evaluation of Program: Passed

Legend:

Concept Result Criteria for Approval"A" Passed Concept equal or higher than C in the subjects."B" Passed Attendance equal or higher than 50% in the subjects."C" Passed Attendance equal or higher than 75% in the Program,"D" Passed Concept equal or higher than C in the Course Conclusion Paper

Remarks: Nothing else.

We hereby certify that the Program attended all provisions ofthe CNE/CES Resolution No. lof06.08.2007.

São Paulo, May r: 2014.

[illegible signature] - Rosa Maria da Rocha Neves Machado - Academic Secretary[illegible signature] - Leandro José Morilhas, PhD - Director General

Nothing else. Witness my hand and seal of office.São Paulo, Brazil, February ts'; 2016.