(Commission File No. 1-14862 )
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ______ No ___X___
[PricewaterhouseCoopers logo]
PricewaterhouseCoopers
Rua da Candelária, 65 11º, 14º, 15º e 16º
Cjs. 1302 a 1304
20091-020 Rio de Janeiro, RJ Brazil
Post Box 949
Telephone (21) 3232-6112
Fax (21) 2516-6319
pwc.com/br
May 17, 2010
Attn.: Mr. Guilherme Melega
Mr. Joel Benedito Junior
Esq. Messrs. Administrators
Quattor Participações S.A.
Rio de Janeiro RJ
Dear Sirs,
The purpose of this letter is to broaden our understanding regarding the services proposed to Quattor Participações S.A. (Quattor Participações or company) in our proposal Letter for the rendering of professional services of independent auditing, entered into by and between PricewaterhouseCoopers Auditores Independentes and Quattor Participações S.A., on April 14, 2010. All clauses in such letter to contract these services shall remain the same, except for the addition of the following service to our scope of work:
(a) Appraisal of the equity value of the shares which represent the capital of Quattor Participações S.A. on March 31, 2010.
(i) Our appraisal will be carried out in connection to the auditing works for March 31, 2010 described in our proposal letter of April 14, 2010, and will be used in the process of merger of shares of Quattor Participações S.A. into Braskem S.A.
By adding the aforementioned service, we will issue an appraisal report on the equity value of the shares which represent the capital of Quattor Participações S.A. on the base date of March 31, 2010.
For the audit services presented herein, as an addition to the services previously proposed, we propose a fee in the amount of thirty thousand reais (R$ 30,000.00) to be paid as a single installment, due on June 5, 2010.
Quattor Participações S.A.
Expenses related to our works, such as: air tickets, accommodation, mail service, photo copies, communications, meals, mileage and transport, among others, will be charged at cost and with debit notes, apart from the fees, as they are incurred, limited to 4% of the total fee.
Our fees presuppose the following aspects:
(b) The valuable and necessary assistance of the company’s collaborators, in order to previously prepare the appraisals (request for analyses) and account reconciliation, necessary for the process of closing the accounts, essential to the auditing examination, as well as the identification and separation of filed documents.
It is necessary to stress that filling the analyses request (to be delivered in advance) in a timely, correct and complete manner is essential for us to perform our works efficiently and within the schedule proposed. The process we adopt, of requesting our clients to prepare such analyses and statements, becomes really advantageous and economical as we can dedicate out time exclusively to the audit/review of the information and data related to the accounts and not to its compilation.
(c) Extraordinary inquiries which involve our specialized departments or special services will be billed separately from the aforementioned fees, after your prior appraisal and approval.
(d) The amount of our fees, as mentioned above, includes taxes, fees, contributions and other charges levied on the services contracted herein, pursuant to the prevailing law on the date of issuance of this proposal. As regards Tax on Services of Any Nature (Imposto sobre Serviços de Qualquer Natureza – ISSQN), as PricewaterhouseCoopers is a company of professionals performing a legally regulated activity, it contributes to ISSQN a fixed amount calculated according to the number of employees working in the company, and the sum ascertained is already included in our fees.
(e) The schedule of dates for visits, appraisals and reports, as well as the schedule for the appraisal and report to be prepared by the administration, aligned with PricewaterhouseCoopers, will be appropriately complied with as regards the terms established and the appropriate filling in thereof.
Quattor Participações S.A.
If you agree with this addendum to the contract, which changes solely our scope of work described in item (a) mentioned above, and if the terms above are acceptable, please send us a copy of this letter signed on the spaces provided below, returning it to our attention.
Best regards,
[signature] [signature]
PricewaterhouseCoopers Carlos Alberto de Sousa
Auditores Independentes Accountant CRC 1RJ056561/O-0
CRC 2SP000160/O-5 F RJ
The parties agree with the services and terms defined in this letter
By:_______________________________
Guilherme Melega
Head of the Controllers Department
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: June 04, 2010BRASKEM S.A. | |||
By: | /s/ Marcela Aparecida Drehmer Andrade | ||
| |||
Name: | Marcela Aparecida Drehmer Andrade | ||
Title: | Chief Financial Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.