1)

Rights of employees and workers payable for the last (4) four months;

2)

Liquidator’s fees, expenses incurred and the loans obtained for the purposes of completing the liquidation;

3)

Rights of the Insured and the Beneficiaries of the Insurance Policies, and the liquidator shall allocate the Company’s assets, which represent the technical provisions required to be retained under the provisions of this Decree-Law, to pay such obligations, and any amount collected by the Company under the reinsurance arrangements shall constitute part of the technical provisions;

4)

Rights of other creditors, as per their order of priority under the provisions of the legislation in force in this regard; and

5)

Shareholders’ rights.