<SEC-DOCUMENT>0001193125-14-066774.txt : 20140225
<SEC-HEADER>0001193125-14-066774.hdr.sgml : 20140225
<ACCEPTANCE-DATETIME>20140225124633
ACCESSION NUMBER:		0001193125-14-066774
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20140225
FILED AS OF DATE:		20140225
DATE AS OF CHANGE:		20140225

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ULTRAPAR HOLDINGS INC
		CENTRAL INDEX KEY:			0001094972
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS DISTRIBUTION [4924]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14950
		FILM NUMBER:		14639701

	BUSINESS ADDRESS:	
		STREET 1:		AV BRIGADERIO LUIZ ANTONIO 1343
		STREET 2:		9 ANDAR SAO PAULO
		CITY:			SP BRAZIL 01350-900
		STATE:			D5
		ZIP:			00000

	MAIL ADDRESS:	
		STREET 1:		CT CORPORATION SYSTEM
		STREET 2:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d682098d6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 6-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C.&nbsp;20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>Form 6-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Report Of Foreign Private Issuer </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant To Rule 13a-16 Or 15d-16 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Of The Securities Exchange Act Of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>For the month of February, 2014 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Commission File Number: 001-14950 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>ULTRAPAR
HOLDINGS INC. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Translation of Registrant&#146;s Name into English) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Avenida Brigadeiro Luis Antonio, 1343, 9&ordm; Andar </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>S&atilde;o Paulo, SP, Brazil&nbsp;01317-910 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of Principal Executive Offices) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether
the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Form 20-F&nbsp;&nbsp;<FONT
STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Yes&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;
&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7): </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Yes&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;
&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT> </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ULTRAPAR HOLDINGS INC. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TABLE OF CONTENTS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ITEM </B> </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">Material Notice dated February 25, 2014. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">Shareholders&#146; Agreement </TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" ROWSPAN="4"> <P ALIGN="justify">


<IMG SRC="g682098txb_pg001.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:ARIAL" ALIGN="center"><B>ULTRAPAR&nbsp;PARTICIPA&Ccedil;&Otilde;ES&nbsp;S.A.</B></P></TD>

<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:ARIAL" ALIGN="center">Publicly Listed Company</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:ARIAL" ALIGN="center">CNPJ n<SUP STYLE="font-size:85%; vertical-align:top">o</SUP>
33.256.439/0001- 39</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:ARIAL" ALIGN="center">NIRE 35.300.109.724</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center"><B>MATERIAL NOTICE </B></P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center"><B>ULTRAPAR ANNOUNCES THE SIGNING OF A NEW SHAREHOLDERS&#146; AGREEMENT OF ULTRA S.A. PARTICIPA&Ccedil;&Otilde;ES </B></P>
<P STYLE="margin-top:22pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">S&atilde;o Paulo, February&nbsp;25<SUP STYLE="font-size:85%; vertical-align:top">th</SUP>, 2014 &#150; ULTRAPAR PARTICIPA&Ccedil;&Otilde;ES S.A.
(&#147;Ultrapar&#148;) (BM&amp;FBOVESPA:UGPA3 / NYSE:UGP) hereby announces that the shareholders of Ultra S.A. Participa&ccedil;&otilde;es (&#147;Ultra S.A.&#148;) have entered into a new shareholders&#146; agreement (&#147;Shareholders&#146;
Agreement&#148;). </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Shareholders&#146; Agreement represents a continuity to the former agreement signed on April&nbsp;1<SUP
STYLE="font-size:85%; vertical-align:top">st</SUP>, 2011: its terms and conditions are substantially the same as those of the former agreement, except for the replacement of previous meetings of the agreeing parties for extraordinary
shareholders&#146; meetings of Ultra S.A. to decide upon the vote of Ultra S.A. regarding certain matters in general shareholders&#146; meetings of Ultrapar. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Shareholders&#146; Agreement is effective as of today for a five-year term, and may be terminated upon deliberation by agreeing parties representing
at least 80% (eighty percent) of the voting shares issued by Ultra S.A., excluding shares held in treasury. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The complete version of the
Shareholders&#146; Agreement is available at Ultrapar&#146;s website and has been filed with the S&atilde;o Paulo Stock Exchange (BM&amp;FBOVESPA), the Brazilian Securities and Exchange Commission (CVM) and the US Securities and Exchange Commission
(SEC). The Shareholders&#146; Agreement has been filed at the Ultrapar headquarters and, pursuant to article 118 of Law 6.404/76, the company must strictly observe all its terms. </P>
<P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">Andr&eacute; Covre </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">Chief Financial and Investor Relations Officer </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">Ultrapar Participa&ccedil;&otilde;es S.A. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center"><B>SHAREHOLDERS&#146; AGREEMENT OF </B></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center"><B>ULTRA S.A. &#150; PARTICIPA&Ccedil;&Otilde;ES </B></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Under the present Shareholders&#146; Agreement Instrument, the following parties (&#147;Agreeing Parties&#148;): </P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>I &#150; ANA MARIA LEVY VILLELA IGEL</B>, Brazilian, widow, businesswoman, holder of identity card
n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP>&nbsp;2.821.401/SSP-SP and CPF/MF n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 513.400.208-82, resident and domiciled at <FONT STYLE="font-family:ARIAL;background-color:#000000">Rua
Frederic Chopin, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 283, apt 211, in the City and State of S&atilde;o Paulo</FONT><FONT STYLE="font-family:ARIAL">; </FONT></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>II &#150; FABIO IGEL</B>, Brazilian, married, businessman, holder of identity card n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP>
16.473.997-X/SSP-SP and CPF/MF n<SUP STYLE="font-size:85%; vertical-align:top">r </SUP>187.996.078-83, resident and domiciled at <FONT STYLE="font-family:ARIAL;background-color:#000000">Rua Professor Arthur Ramos, n<SUP
STYLE="font-size:85%; vertical-align:top">r</SUP> 405, apt 171, in the City and State of S&atilde;o Paulo</FONT><FONT STYLE="font-family:ARIAL">; </FONT></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>III &#150; M&Aacute;RCIA IGEL JOPPERT</B>, Brazilian, widow, businesswoman, holder of identity card
n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 2.987.353/SSP-SP and CPF/MF n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 694.695.398-34, resident and domiciled at <FONT STYLE="font-family:ARIAL;background-color:#000000">Rua
General Mena Barreto, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 743, 2<SUP STYLE="font-size:85%; vertical-align:top">nd</SUP> floor, in the City and State of S&atilde;o Paulo</FONT><FONT STYLE="font-family:ARIAL">; </FONT></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>IV &#150; ROG&Eacute;RIO IGEL</B>, Brazilian, divorced, businessman, holder of identity card n<SUP STYLE="font-size:85%; vertical-align:top">r
</SUP>2.992.103-X/SSP-SP and CPF/MF n<SUP STYLE="font-size:85%; vertical-align:top">r </SUP>061.076.308-30, resident and domiciled at <FONT STYLE="font-family:ARIAL;background-color:#000000">Rua Augusto Eduardo Berti, n<SUP
STYLE="font-size:85%; vertical-align:top">r </SUP>93, in the City of Itatiba, in the State of S&atilde;o Paulo</FONT><FONT STYLE="font-family:ARIAL">; </FONT></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>V &#150; JOYCE IGEL DE CASTRO ANDRADE</B>, Brazilian, married, businesswoman, holder of identity card
n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP>&nbsp;3.005.592-1/SSP-SP and CPF/MF n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 074.266.918-10, resident and domiciled at <FONT STYLE="font-family:ARIAL;background-color:#000000">Rua
Ant&ocirc;nio Afonso, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP>&nbsp;15, in the City and State of S&atilde;o Paulo</FONT><FONT STYLE="font-family:ARIAL">; </FONT></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>VI &#150; LUCIO DE CASTRO ANDRADE FILHO, </B>Brazilian, married, engineer, holder of identity card
n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP>&nbsp;3.045.977-1/SSP-SP and CPF/MF n<SUP STYLE="font-size:85%; vertical-align:top">r </SUP>061.094.708-72, resident and domiciled at <FONT STYLE="font-family:ARIAL;background-color:#000000">Rua
Ant&ocirc;nio Afonso, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP>&nbsp;15, in the City and State of S&atilde;o Paulo</FONT><FONT STYLE="font-family:ARIAL">; </FONT></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>VII &#150; PAULO GUILHERME AGUIAR CUNHA</B>, Brazilian, married, engineer, holder of identity card
n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP>&nbsp;4.554.607/SSP-SP and CPF/MF n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 008.255.498-68, resident and domiciled at <FONT STYLE="font-family:ARIAL;background-color:#000000">Rua
Padre Jo&atilde;o Manoel, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP>&nbsp;493, apt 22, in the City and State of S&atilde;o Paulo</FONT><FONT STYLE="font-family:ARIAL">; </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">1 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>VIII &#150; PEDRO WONGTSCHOWSKI, </B>Brazilian, divorced, chemical engineer, holder of identity card n<SUP
STYLE="font-size:85%; vertical-align:top">r</SUP>&nbsp;3.091.522-3/SSP-SP and CPF/MF n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 385.585.058-53, resident and domiciled at <FONT STYLE="font-family:ARIAL;background-color:#000000">Rua
Dr.&nbsp;Jo&atilde;o Pinheiro, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 92, in the City and State of S&atilde;o Paulo</FONT><FONT STYLE="font-family:ARIAL">; </FONT></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>IX &#150; CHRISTY PARTICIPA&Ccedil;&Otilde;ES LTDA</B>, based at Rua Visconde de Piraj&aacute;,
n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 351, rooms 916 and 917, in the City and State of Rio de Janeiro, registered under CNPJ n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 33.363.896/0001-22, herein represented pursuant
the company&#146;s bylaws by <B>H&Eacute;LIO MARCOS COUTINHO BELTR&Atilde;O, </B>Brazilian, married, engineer, holder of identity card n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 879.392/SSP-DF and CPF/MF n<SUP
STYLE="font-size:85%; vertical-align:top">r</SUP> 008.786.367-73, resident and domiciled at <FONT STYLE="font-family:ARIAL;background-color:#000000">Rua Salvador Cardoso, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP>&nbsp;176, apt 41, in
the City and State of S&atilde;o Paulo</FONT><FONT STYLE="font-family:ARIAL">; </FONT></P> <P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>X &#150; BRUNO IGEL</B>, Brazilian, single, businessman,
holder of identity card n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 23.818.165-0/SSP-SP and CPF/MF n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP>&nbsp;315.540.988-66, resident and domiciled at <FONT
STYLE="font-family:ARIAL;background-color:#000000">Rua Louren&ccedil;o de Almeida, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 772, 14<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> floor, in the City and State of S&atilde;o
Paulo</FONT><FONT STYLE="font-family:ARIAL">; </FONT></P> <P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>XI &#150; ANA ELISA ALVES CORR&Ecirc;A IGEL</B>, Brazilian, single, teacher, holder of
identity card n<SUP STYLE="font-size:85%; vertical-align:top">r </SUP>24.536.992-2 and CPF/MF n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 164.255.308-55, resident and domiciled at
<FONT STYLE="font-family:ARIAL;background-color:#000000">Rua Dr.&nbsp;Francisco Degni, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 51, apt 161, in the City and State of S&atilde;o Paulo</FONT><FONT STYLE="font-family:ARIAL">; </FONT></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>XII &#150; ANA PAULA DE QUEIROZ CUNHA</B>, Brazilian, single, biologist and psychologist, holder of identity card n<SUP
STYLE="font-size:85%; vertical-align:top">r</SUP>&nbsp;15.619.830-7/SSP-SP and CPF/MF n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 170.007.838-00, resident and domiciled at <FONT STYLE="font-family:ARIAL;background-color:#000000">Rua
Diogo Jacome, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 518, apt 112, Block 3, in the City and State of S&atilde;o Paulo</FONT><FONT STYLE="font-family:ARIAL">; </FONT></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>XIII &#150; PEDRO AUGUSTO DE QUEIROZ CUNHA</B>, Brazilian, divorced, engineer, holder of identity card
n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP>&nbsp;15.619.514-8/SSP-SP and CPF/MF n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 170.007.848-81, resident and domiciled at
<FONT STYLE="font-family:ARIAL;background-color:#000000">Rua Rainha Guilhermina, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 20, apt 503, in the City and State of Rio de Janeiro</FONT><FONT STYLE="font-family:ARIAL">; </FONT></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>XIV &#150; GUILHERME DE QUEIROZ CUNHA</B>, Brazilian, married, businessman, holder of identity card
n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP>&nbsp;15.619.515/SSP-SP and CPF/MF n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 170.007.818-66, resident and domiciled at <FONT STYLE="font-family:ARIAL;background-color:#000000">Rua
Pirapora, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 255, apt 81, in the City and State of S&atilde;o Paulo</FONT><FONT STYLE="font-family:ARIAL">; </FONT></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>XV &#151; EDUARDO QUEIROZ CUNHA</B>, Brazilian, single, businessman, holder of identity card n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP>
15.619.516-1/SSP-SP and CPF/MF n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 262.824.228-17, resident and domiciled at <FONT STYLE="font-family:ARIAL;background-color:#000000">Rua Padre Jo&atilde;o Manuel, n<SUP
STYLE="font-size:85%; vertical-align:top">r</SUP> 655, apt 181, in the City and State of S&atilde;o Paulo</FONT><FONT STYLE="font-family:ARIAL">; </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">2 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>XVI &#150; ROBERTO DE CASTRO ANDRADE</B>, Brazilian, married, mechanic engineer, holder of identity card
n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP>&nbsp;24.252.548-9/SSP-SP and CPF/MF n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 268.013.048-01, resident and domiciled at
<FONT STYLE="font-family:ARIAL;background-color:#000000">Rua Suzano, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 99, apt 802, in the City and State of S&atilde;o Paulo</FONT><FONT STYLE="font-family:ARIAL">; </FONT></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>XVII &#150; BETTINA DE CASTRO ANDRADE GASPARIAN</B>, Brazilian, married, businesswoman, holder of identity card n<SUP
STYLE="font-size:85%; vertical-align:top">r</SUP> 24.252.547-7/SSP-SP and CPF/MF n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 334.990.438-66, resident and domiciled at <FONT STYLE="font-family:ARIAL;background-color:#000000">Rua Feliciano
Maia, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 101, in the City and State of S&atilde;o Paulo</FONT><FONT STYLE="font-family:ARIAL">; </FONT></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>XVIII &#150; ROBERTA JOPPERT FERRAZ</B>, Brazilian, married, hotel administrator, holder of identity card n<SUP
STYLE="font-size:85%; vertical-align:top">r</SUP> 32.159.513-0/SSP-SP and CPF/MF n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 220.450.938-83, resident and domiciled at <FONT STYLE="font-family:ARIAL;background-color:#000000">Rua Teviot, n<SUP
STYLE="font-size:85%; vertical-align:top">r</SUP> 168, in the City and State of S&atilde;o Paulo</FONT><FONT STYLE="font-family:ARIAL">; </FONT></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>XIX &#150; SANDRA JOPPERT BEVILAQUA</B>, Brazilian, married, businesswoman, holder of identity card
n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP>&nbsp;29.870.509-6/SSP-SP and CPF/MF n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 296.904.658-05, resident and domiciled at
<FONT STYLE="font-family:ARIAL;background-color:#000000">Rua Venceslau Flexa, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 130, in the City and State of S&atilde;o Paulo</FONT><FONT STYLE="font-family:ARIAL">; </FONT></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">and as intervening party: </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>(I)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ULTRA S.A. &#150; PARTICIPA&Ccedil;&Otilde;ES, </B>based at Avenida Brigadeiro Lu&iacute;s
Ant&ocirc;nio, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 1343, 9<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> floor, in the City and State of S&atilde;o Paulo, registered under CNPJ n<SUP
STYLE="font-size:85%; vertical-align:top">r</SUP> 54.041.439/0001-91, herein represented pursuant to the company&#146;s bylaws by <B>PAULO GUILHERME AGUIAR CUNHA, </B>and by <B>LUCIO DE CASTRO ANDRADE FILHO, </B>both qualified above, hereinafter
referred to as the &#147;Company&#148;; </P> <P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>CONSIDERING</B> that the Agreeing Parties jointly hold 100% of the voting capital and 100% of the total
capital of the Company, represented by ordinary and preferred shares, except for the preferred shares held by the member of the Board of the Company, Mr.&nbsp;H&eacute;lio Marcos Coutinho Beltr&atilde;o, and by the estate of Mr.&nbsp;Gilberto Tamm
Barcellos C&ocirc;rrea; </P> <P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>CONSIDERING </B>the interest of the Agreeing Parties in maintaining a representative, defined and stable shareholding
block in the Company, capable of acting uniformly with respect to issues relating to their interests as shareholders of the Company, as well as indirect shareholders of ULTRAPAR PARTICIPA&Ccedil;&Otilde;ES S.A., based at Avenida Brigadeiro
Lu&iacute;s Ant&ocirc;nio, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 1.343, 9<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> floor, in the City and State of S&atilde;o Paulo, registered under CNPJ number 33.256.439/0001-39
(&#147;Ultrapar&#148;); </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">3 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>CONSIDERING</B> that, on the other hand, it is in the common interest of the Agreeing Parties to
regulate the purchase and sale of their respective shareholdings in the capital of the Company; </P> <P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>CONSIDERING </B>that the Agreeing Parties will
direct the election of the Board members who will jointly represent them at Ultrapar according to requirements of competence and experience; </P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>CONSIDERING </B>that the Agreeing Parties intend to preserve the values of Ernesto and Pery Igel and the history of Ultrapar and its controlled
companies, ensuring the continuity and success of their companies, overseeing the fulfilment of their social and corporate objectives, and observing the principles of ethics, democracy and transparency; </P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Hereby <B>RESOLVE</B>, in the best form of Law, to consummate this shareholders&#146; agreement (&#147;Shareholders&#146; Agreement&#148;), which will
be regulated by the applicable legislation and by the clauses and conditions hereafter stipulated: </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>I &#150; RELATED SHARES </B></P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">1.1</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">This Shareholders&#146; Agreement relates to all common and preferred shares, subscription rights and securities convertible into shares, issued by the
Company, owned by the Agreeing Parties, and also to those shares, subscription rights and securities convertible into shares, issued by the Company, which may be acquired by the Agreeing Parties in the future, subsequently defined as shares and
rights. </P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>II &#150; EXERCISING THE VOTE OF THE AGREEING PARTIES AT THE SHAREHOLDERS MEETINGS OF THE COMPANY </B></P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">2.1</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">The Agreeing Parties agree, at the shareholders meeting of the Company which will deliberate about those actions necessary for the exchange referred to in
Section&nbsp;25 of the Bylaws of the Company, to vote in favor of such actions. </P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>III &#150; EXERCISING THE VOTE OF THE COMPANY
AT THE SHAREHOLDERS&#146; MEETINGS OF ULTRAPAR </B></P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">3.1</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">The Board of Directors shall be responsible for defining the vote to be cast by the Company at the shareholders&#146; meeting of Ultrapar, by majority vote,
and shall always comply with the resolutions taken at the Shareholders&#146; Meeting with respect to the subjects listed in Clause 3.2 below. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">4 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">3.2</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">The resolution to instruct the Company&#146;s vote shall depend, however, on the affirmative vote of the Agreeing Parties representing 66% (sixty six
percent) of the Company&#146;s voting capital at a shareholders&#146; meeting, whenever the resolution to be voted at Ultrapar refers to the: </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">amendment to the bylaws of Ultrapar; </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">creation by Ultrapar of new classes of shares, or the increase of existing classes of shares, or of other rights or securities, convertible or
non-convertible into shares, unless if otherwise set forth in or authorized by the bylaws of Ultrapar; </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">change in the rights of the existing classes of shares issued by Ultrapar; </P></TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">d)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">merger, amalgamation or spin-off involving Ultrapar; </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">e)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">acquisition or sale of assets by Ultrapar and its controlled companies, including by means of association with third parties, which are submitted to the
deliberation of the shareholders meeting of Ultrapar; and </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">f)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">appointment of the Company&#146;s representatives that shall form the slate of candidates to stand for election as members of the Board of Directors of
Ultrapar. </P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>IV &#150; ELECTION OF MEMBERS OF THE BOARD OF DIRECTORS OF THE COMPANY </B></P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">4.1</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">Each Original Signatory Agreeing Party (as defined in Clause 4.4 below) to this Shareholders&#146; Agreement will have the right to elect 1 (one) director of
the Company, which right is not transferable to his/her heirs or successors, so long as the following eligibility requirements are satisfied by the respective directors: (i)&nbsp;to have a clean reputation; (ii)&nbsp;not to hold any position at any
company that may be considered a competitor to the Company or Ultrapar; and (iii)&nbsp;not to have any conflict of interest with the Company or Ultrapar. </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">4.2</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">Each Original Signatory Agreeing Party has the right to transfer its shareholdings in the Company to a Holding Company, as defined in Clause 5.8 below, it
being agreed that the Holding Company will be entitled to the right to elect directors set forth in Clause 4.1. </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">4.3</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">The right to elect directors set forth in Clause 4.1 above is subject to the following conditions, cumulatively: (i)&nbsp;it must be exercised by an Original
Signatory Agreeing Party or a Holding Company; and (ii)&nbsp;such Original Signatory Agreeing Party or Holding Company holds at least 5% (five percent) of the voting capital of the Company. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">5 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">4.4</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">For the purposes of Clause 4.1 above, Original Signatory Agreeing Party to this Shareholders&#146; Agreement are Mr.&nbsp;Paulo Guilherme Aguiar Cunha, Ana
Maria Levy Villela Igel, Lucio de Castro Andrade Filho, M&aacute;rcia Igel Joppert, Joyce Igel de Castro Andrade, Rog&eacute;rio Igel, Pedro Wongtschowski, Fabio Igel, Christy Participa&ccedil;&otilde;es Ltda. </P></TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">4.5</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">The Company&#146;s Board of Directors shall meet preferably on dates close to the dates of the Board of Directors&#146; meetings of Ultrapar.
</P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>V &#150; RIGHT OF FIRST REFUSAL </B></P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">5.1</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">In the event that any Agreeing Party receives an offer from an Agreeing Party or any third party to assign, with or without consideration, directly or
indirectly, all or part of their common and preferred shares issued by the Company and rights in connection with the Agreement, to which he or she is a holder (&#147;Selling Party&#148;), such Selling Party will be obliged to firstly offer his or
her shares and rights, individually, to all the other Agreeing Parties, in writing, by registered mail or by hand delivery requiring the signature of the recipient, stating the quantity, payment currency and price of the shares and rights offered
(&#147;Right of First Refusal Offer&#148;). </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">5.2</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">The Agreeing Parties to whom the Right of First Refusal Offer is being made will have up to 30 (thirty) consecutive days from the date on which the
correspondence was received, to reply in writing to the Selling Party, in respect of the offer. </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">5.3</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">Each Agreeing Party to whom the Right of First Refusal Offer is being made shall exercise the right of first refusal of the shares and rights in connection
with the Shareholders&#146; Agreement, allotted in proportion to the percentage of the total capital of the Company that they hold at the date of the Right of First Refusal Offer, excluded the treasury shares. In this way, the right of first refusal
shall be exercised both in respect to the common shares and the preferred shares offered, independently of the type or proportion of the common or preferred shares owned by the party receiving the offer. </P></TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">5.4</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">In the event of there being a surplus of shares, due to the non-exercising of the right of first refusal over shares and rights in connection with the
Shareholders&#146; Agreement, these shares will </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">6 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">
be offered to the Agreeing Parties who have exercised their rights, according to the respective proportion of their shareholdings at the date of the Right of First Refusal Offer, and who will
have up to 15 (fifteen) consecutive days to respond, so as to turn effective the purchase of all the shares and rights offered. </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">5.5</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">The Selling Parties are not obliged to preferentially sell off any of their shares or rights in connection with the Shareholders&#146; Agreement if there is
no interest on the part of the other Agreeing Parties in purchasing the entire shareholding offered. </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">5.6</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">If there should be no interest on the part of the other Agreeing Parties in purchasing the totality of the shares and rights offered by the Selling Party,
and the third party offeror is not a party to this Shareholders&#146; Agreement, a shareholders meeting of the Company shall be called to deliberate on the third party offeror becoming a shareholder of the Company in accordance with Section&nbsp;32
of the Bylaws of the Company, it being agreed that, if such approval is obtained, the Selling Party may sell the shares and rights offered to the third party offeror within 180 (one hundred eighty) days from the date the shareholders meeting was
held, provided that such shares and rights are sold in their totality and rigorously at the same price, currency of payment and all the other conditions preferably offered to the Agreeing Parties. After the abovementioned 180 (one hundred eighty)
day term has expired, the right of first refusal of the Agreeing Parties provided for in this Chapter V shall be reestablished. </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">5.7</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">In the event there is no interest of the other Agreeing Parties in acquiring the totality of shares and rights offered by the Selling Party and the third
party offeror is a party to this Shareholders&#146; Agreement, the Selling Shareholder may sell such shares and rights to the Agreeing Party offeror within up to 180 (one hundred eighty) days from the expiry of the time limit referred to above,
provided that it is offered in its entirety, adhering rigorously to the same price, payment currency and all other conditions preferentially offered to the Agreeing Parties. After the period of 180 (one hundred eighty) days stipulated above has
expired, the right of first refusal of the Agreeing Parties will again enter into force, as outlined in Chapter V. </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">5.8</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">Excluded from the restrictions in this present Chapter V are transfers of common or preferred shares or rights subject to the Shareholders&#146; Agreement
held by the Agreeing Parties to their parents in direct line of ascent, descendents and spouses, and also to companies with a Brazilian shareholding, already existing or that may be founded by any Agreeing Party and his or her
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">7 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">
parents in direct line of ascent and descendents, provided that it has the specific statutory purpose of holding a stake in the capital of the Company (&#147;Holding Companies&#148;), with the
obligation, through their legal representatives, without any restriction or reservation, to sign the present legal instrument, the shares issued by the Company thereby remaining part of their estate and fully subject to this Shareholders&#146;
Agreement. </P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>VI &#150; ENCUMBRANCE OF SHARES </B></P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">6.1</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">Except for any beneficial use and trusteeship arrangement constituted prior to the signing of the present Agreement in favor of parents in direct line of
ascent, descendents, or spouses, it is prohibited for any Agreeing Party, without the prior and express unanimous approval of the other parties to the Agreement, to constitute a pledge, fiduciary disposition, or any other tangible right of benefit,
or offer a guarantee, on the shares or rights subject to the Shareholders&#146; Agreement, or to offer them as surety. </P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>VII
&#150; RIGHT OF JOINT SALE </B></P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">7.1</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">Any Agreeing Party having knowledge of any proposal by any other Agreeing Party or third party to buy a block of shares equal to or greater than 10% (ten
percent) of the total amount of shares and rights subject to the Shareholders&#146; Agreement must inform all the other Agreeing Parties, by registered mail or by hand delivery requiring the signature of the recipient, thus enabling them to
participate jointly in this sale, selling their holding in proportion to their shares subject to the Shareholders &#145;Agreement, pro rata to the block of shares being acquired. </P></TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">7.2</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">The Agreeing Parties interested in exercising this right of joint sale of shares subject to the Shareholders&#146; Agreement, provided for in Clause 7.1
above, must advise the selling and purchasing Agreeing Parties, by registered mail or by hand delivered requiring the signature of the recipient, with a copy to be sent to the other Agreeing Parties and to the management of the Company, within 30
(thirty) days of having knowledge of the transaction. </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">7.3</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">The sale to another Agreeing Party or third party of shares or rights subject to the Shareholders&#146; Agreement, having a value equal or greater than 10%
(ten percent) of the total amount of shares and rights subject to the Shareholders&#146; Agreement, or which represent the sale of control of the Company, shall only be effective through the simultaneous express declaration in writing
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">8 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">
by the purchaser of a commitment to also purchase, for the same price, in the same currency of payment and under the same conditions, those shares of the other Agreeing Parties who wish to sell,
in accordance with the terms of Clause 7.1 hereof. </P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>VIII &#150; ADHERENCE TO THE AGREEMENT IN THE EVENT OF VOLUNTARY SALE
</B></P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">8.1</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">Subject to the provisions of Section&nbsp;32 of the Bylaws of the Company, the validity of the sale of the shares and rights in connection with the
Shareholders&#146; Agreement to third parties is subject to the purchaser adhering to the terms of this Shareholders&#146; Agreement, without exception or reserve, which will, therefore, be automatically applied to the said party, his or her heirs
and successors, irrevocably and unretractably. </P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>IX &#150; ADHERENCE TO THE AGREEMENT IN THE EVENT OF NON-VOLUNTARY SALE
</B></P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">9.1</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">In the event of a judicial transfer of shares issued by the Company, in connection with the Shareholders&#146; Agreement, including as a consequence of an
inventory or judicial separation, divorce, long-term conjugal relationship or liaison, bankruptcy, liquidation, judgment lien, public or private auction, the judicial acquirer is obliged to adhere, without reservation or exception, to all the terms
of the current Shareholders&#146; Agreement. </P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>X &#150; SALE OF HOLDING COMPANY OWNED BY AN AGREEING PARTY &#150; SPIN OFF
</B></P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">10.1</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">If any of the Agreeing Parties wishes to sell the control of his or her Holding Company, the sale of which involves the indirect transfer of shares and
rights in connection with the Shareholders&#146; Agreement, such Agreeing Party will be obliged to spin-off the holding company, with the aim of transferring that part of the company&#146;s assets corresponding to these shares and rights to another
Holding Company. </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">10.2</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">The shares or quotas of the Holding Company resulting from the spin-off will be subject to the same restrictions of sale, transfer, and encumbrance as the
shares and rights subject to the Shareholders&#146; Agreement, established above. </P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>XI &#150; EFFICACY, VALIDITY AND SUCCESSION
</B></P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">11.1</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">This Shareholders&#146; Agreement will be valid for 5 (five) years and can be terminated at any time upon deliberation by Agreeing Parties representing at
least 80% (eighty percent) of the common shares issued by the Company related to this Shareholders&#146; Agreement, excluded treasury shares. </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">11.2</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">The current Shareholders&#146; Agreement applies, in all its terms and conditions, to the heirs and successors of the Agreeing Parties.
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">9 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>XII &#150; SPECIFIC EXECUTION </B></P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">12.1</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">Any non-fulfillment by the Agreeing Parties, their heirs and successors, of any of the obligations stipulated in this Shareholders&#146; Agreement, will
result in the specific execution of the obligation to do and to declare their willingness to do through the procedure of self-regulation set out in paragraphs 8 and 9 of Article 118 of Law 6,404, 1976, as well as the judicial execution set out in
paragraph 3 of the same Article 118 of Law 6,404, 1976, and in Articles 461, 461-A, 466-A to 466-C, 632 and subsequent articles of the Code of Civil Procedure. </P></TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">12.2</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">For the implementation of Article 118 of Law 6,404, 1976, a copy of the current Shareholders&#146; Agreement will, on the initiative of any of the Agreeing
Parties, be filed at the head offices of the Company and Ultrapar, which must rigorously observe all its terms. </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">12.3</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">The obligations resulting from this Shareholders&#146; Agreement will be annotated in the books of the Company and Ultrapar by the financial institution
charged with the task, these annotations constituting an impediment to the carrying out of any corporate acts or business in violation of that agreed upon in this instrument, the Company and Ultrapar thus being legitimately authorized, in such an
event, to refuse to register such acts or business, and as a consequence, to refuse the transfer of ownership or title of any rights over the shares and rights encompassed in this covenant, as well as, in particular, the exercising of the voting
right thereby derived from them. </P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>XIII &#150; GENERAL PROVISIONS </B></P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">13.1</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">The current Shareholders&#146; Agreement replaces and supplants any other previous agreement signed by the Agreeing Parties in the Company.
</P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">13.2</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">The Agreeing Parties, from this date, may not sign any other shareholders&#146; agreement, either between themselves or with any future shareholders of the
Company or Ultrapar. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">10 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">13.3</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">Any invalidation, inefficacy or nullity of any of the clauses in the current Shareholders&#146; Agreement will not imply<I>,</I> <I>ipso
facto</I><I></I>,<I></I> invalidation, inefficacy or nullity of the others. </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">13.4</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">The tolerance of any of the Agreeing Parties in regard of possible delays, on the part of the others, in fulfilling the obligations herein assumed will not
imply any new adjustment to the terms contained in this legal instrument, or renouncement of the rights empowered by them and thus attributed. </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">13.5</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">The current Shareholders&#146; Agreement may only be altered through a written instrument, signed by all the Agreeing Parties. </P></TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">13.6</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">The Agreeing Parties hereby commit themselves to ensuring that the resulting necessary changes are made to the bylaws of the Company, as a result of the
execution of this Shareholders&#146; Agreement and its execution, throughout the period that it remains in force. In the case of any conflict or inconsistency between this Shareholders&#146; Agreement and the Company&#146;s Bylaws, the provisions of
this Shareholders&#146; Agreement shall prevail. </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">13.7</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">In the case of omissions, doubts, questions or conflicts between Agreeing Parties, these must be submitted to a single arbitrator, unanimously designated by
the Agreeing Parties, who will commit themselves to respecting, without restriction or reservation, the decision handed down by the arbitrator. </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">13.8</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt">If the necessary unanimous agreement is not reached on the appointment of a single arbitrator, the issues arising will be determined by arbitration procedure
carried out according to the rules of the Brazil-Canada Chamber of Commerce, in S&atilde;o Paulo, in Portuguese, and under the application of the Brazilian Law. </P></TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">And, being duly in agreement, the Agreeing Parties hereby sign the 03 (three) counterparts of this agreement, in identical content and form, in the
presence of two undersigned witnesses. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">S&atilde;o Paulo, February&nbsp;24<SUP
STYLE="font-size:85%; vertical-align:top">th</SUP>, 2014. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><I>[Remainder of page intentionally left blank]. </I></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">11 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>Agreeing Parties: </B></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt">


<TR>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR>
<TD HEIGHT="29"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">ANA MARIA LEVY VILLELA IGEL</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">FABIO IGEL</TD></TR>
<TR>
<TD HEIGHT="29"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">M&Aacute;RCIA IGEL JOPPERT</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">ROG&Eacute;RIO IGEL</TD></TR>
<TR>
<TD HEIGHT="29"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">JOYCE IGEL DE CASTRO ANDRADE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">LUCIO DE CASTRO ANDRADE FILHO</TD></TR>
<TR>
<TD HEIGHT="29"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">PAULO GUILHERME AGUIAR CUNHA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">SANDRA JOPPERT BEVILAQUA</TD></TR>
<TR>
<TD HEIGHT="29"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">PEDRO WONGTSCHOWSKI</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">CHRISTY PARTICIPA&Ccedil;&Otilde;ES LTDA</TD></TR>
<TR>
<TD HEIGHT="29"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">BRUNO IGEL</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">ANA ELISA ALVES CORR&Ecirc;A IGEL</TD></TR>
<TR>
<TD HEIGHT="29"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">ANA PAULA DE QUEIROZ CUNHA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">PEDRO AUGUSTO DE QUEIROZ CUNHA</TD></TR>
<TR>
<TD HEIGHT="29"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">GUILHERME DE QUEIROZ CUNHA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">EDUARDO QUEIROZ CUNHA</TD></TR>
<TR>
<TD HEIGHT="29"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">ROBERTO DE CASTRO ANDRADE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">BETTINA&nbsp;DE&nbsp;CASTRO&nbsp;ANDRADE&nbsp;GASPARIAN</TD></TR>
<TR>
<TD HEIGHT="29"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">ROBERTA JOPPERT FERRAZ</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD HEIGHT="29"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD>
<TD HEIGHT="29" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:11pt"><B>Intervening party:</B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">ULTRA S.A. PARTICIPA&Ccedil;&Otilde;ES</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">12 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">


<TR>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="44%"></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-size:11pt"><B>Witnesses:</B></FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">1.</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">2.</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:11pt; font-family:ARIAL">&nbsp;</P></TD></TR></TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>

<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">Name:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3">Name:</TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">RG:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3">RG:</TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" COLSPAN="3">CPF/MF:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3">CPF/MF:</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">13 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: February&nbsp;25, 2014 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="80%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"><B>ULTRAPAR HOLDINGS INC.</B></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Andr&eacute; Covre</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Andr&eacute; Covre</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Chief Financial and Investor Relations Officer</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>(Material Notice dated February 25, 2014 and Shareholders&#146; Agreement) </I></P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g682098txb_pg001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g682098txb_pg001.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`0@!``P$1``(1`0,1`?_$`,````(!!`,!````````
M``````@)!``&!PH!`@,%`0`!!`,!```````````````&``(%!P$#!`@0```&
M`@$"`P,%"PT```````$"`P0%!@<("0`1$A,*(3,4,2(R-!9!4F*20U-CTY?7
M66&!L2-49-05%S<XF%H1``$"!`0#`P@$"0D)``````$"`Q$$!08`(1(',4$3
M46$B<8&1H3(4%0A",Y/3X?%28M(CHY16\+'!T8(T1%570V-S@R1D=#5%_]H`
M#`,!``(1`Q$`/P#?XZ6%BW++;JM2XHTY<K+7ZE#%61:GE[-,QL#%$<N3"5NW
M-(2KEJT!=<P"!""?Q'$/8`];&9>9F5]*5;6Z[^2D$D]\`"8>;&IQYIA/4?4E
M*(PB2`(^4PP!6SVS66@B48O3G*6@ZDVZ:'%Y<-A]@'K..AG1CF(1..I>/XB3
M7FQ(F`'\Q>79E`P^'RS`'<3.W*!32\7+J8K"6$D01+RVI2ASBM92$QX9)/<<
M0%6J<Z$!-%<D-9^D\[`#R)2#'TC"4K]"\[M[=JKMN7WC=H+4Z@G2B\?2=,BV
MK8HJ`<$DG<SBBPS*J90^;W6<J&$ORCW$>KCI\SLG3TP=MFNS"HC-T+.7/V74
M^H8")M%^/J\%5I[8_-6@?SM$^OSX^=CMOS6P9BNJUS8<<N57D-*R$-=ZY>EZ
M'(Q<%/,ED51@O\TB<:1TP\$6*J9U3$,P.B<YB%\8`"@J??V@FEE#]IUR3EE)
MBTMKJ:E),0%$*<(X@PS(RQF6%Z,^-NL2#Y!@0I2``>R(;S]6'3ZL;+YT08FA
MMS\L<?#U\@S$6U[UVSY)$)(NT_#X4Y6A7^(;$8`N41$5FTRJ4!#MY(`/<*CN
M6@T4N!ZTI>M!LDQ:F9<9#D0XV3'R%'GP9TFISP245MZGZ@,E-.\?*E4(>8X8
M15;I4+Q'GEZ7;*W<(E-THR4E*O.Q5@CDWB)4SJM#O8AV\;$<ID5*)DQ,!P`P
M"(>WH%F):;E'`U-MN-N$1`4DI,.V!`R[\$+,PS,(*F5I6D<TD$>HG%S]:\;L
M86V$S_BG5S#E^SUFRU-*?C7&\&O.6.9<CYBHD(8B#&*BV8&*I)3LU(+)-&+5
M/^L<.EB$#Y>X25%H]3N*K,T2D-]6??<"4IX<HE2CR"1$J)R"1'''4)Z5I<FY
M/SBM+"!$\R>0`',J.0`XDXTI-^>43A=Y)+)6IG8J[<F;>M4]F5*JXLH+;$=;
MQK"R"I0!_8_L\Z?S"TC:9$``IWKQPX522`$D?*3[E'V!8NVN[%@2[B*`U;Q?
M>/C>>+RW5#Z*-0A!(/T0`#]+%)7!<UJ7$\ER?-4#:!`(0&@@'M$8F/;$]PRP
MO,2^FD[]P<\HWX^$1_I;=6!'YA3Q%MQ_Y^!R&WW95OV/]6.2E]-*8Q2_%<HW
M8Q@#OWPB(A[?N%*U$3#_`"!TTN?,(CB+<S!X=?/+RP].%IV^XPJP^RQW4E/3
M632;1^[K?)E27IF39N^KT/,XDG&35VT*+95Q_F4O\4Z7=/\`RP66`HD1(J<Q
M4R$*`%!-L?,-*@M=:WGP"2%*#J3`YP`2$B`Y91[SAQ.WBQJ"*JCN!;/K/;CS
M\/II?[5RC?C80_PW3H_,-V6W^WPV&WW95OV6#PT0Y(N%'CFOLG>-<+SR=(,+
M(Q.QN.-K@CAR>QI<@325)'/INMH.8M1.;AU%/&U?-7#9T0.Z9CF1.9,0>]]O
M-W;_`),2]?9MWJMD*0\UUTNH[0%&/A/#2003G#+$]0+BM&W)@O2!JL%#Q)4&
MBA79J`SB.4,;KNKNSV'-Q,(4783!%H3M6.+_`!ZCN,<G2*UE8I\S649R]<L<
M9YJRD/8X&02.W=M3F$4U"]RF.F8AS>/;AM^K6M6GJ#6FRW/L*@H#-)!$0I*O
MI)4,P>\`P,1B[J74Y.L229^15J85EW@CBE0Y*'/\.%9<J.9N2*+O=6Q/J#QV
M8QW`PXM5FUDR!8,UQ=8L-4/>!EW00\+`U^;OU:(=>OQS0JZSE9JKV7=$*D8O
MEF$UD[;T7;J8DW*C=]=F*95>KI:0P%A73`\2EK2VJ&J,`(\$GM&!2[)RY4O(
ME*-3VIR3@"LN!*DZHDP`*T^S`9D<^["D_M?S/_P#-#_V18K_`'L=6?\`"]EP
M8"\ZO]H]]Q@1Z]ZQ(^`2.7^[;^\Q7VOYH?X!FAW[(L6?O8ZS\+V8_C*J_:O_
M`'&,]:]?\@D?LV_O,3H^8YLIUR,5#\&N@-(F'3=X$5;G^*\3-6]<D46JSAG+
M@LXR>\0%TS<)%,@0Z9R*+^`HAV$>M;LALLRCJ*NZKNI!$4I<>)(.1`BR!P.>
M>,H<O=2O!0Y%!SSZ;61^TQ'7O/-:_76>R7`UHQ)R+M0[F0DG^)L7*O9!\L;S
M';YVJIELYU7+M<QE#F$3")C"/<>G"F;+`03>-62@<!U'\AR&3&&AZ^#FN@R)
M7S/3;S_:8\?M?S0_P#-#OV18L_>ST[X7LQ_&55^U?^XPNO>G^027V;?WF.?M
M?S0_P#=#OV18L_>SUCX9LQ"(O*J_:/\`W&%U[TX_`)&'_#;^\PTGBXS1R;+Y
M<DL3;5\:N)=1\"2=8G['"W#!\75:M"L,D-EHPQ$+)7X/(%C2=)66'262!RDT
M(L5RW1*<XD-\VM]QJ)MNU345*U*\_4JNEP)4V^7%*+9!$4E32,TJSAJ/A)AG
M@JM6<N@S1EJO3FI21*24EM*4@+RX@+5[0B.'&'?`*]HL[9PSIZD#675''.7<
MFU7$.%ZS4K#E&DTN]6*NU.SKPM7L>9Y\MLA8619QTV1XU=1$<L5V17Q)#Y?;
MPF["9VY1*+1=@*C=$_*2[E7G'5-LN.(2I205I926R1%)'ZQ0*3Q&(&J5">GM
MR9:CR[KJ9)D)*TI40(A)=.H`P(,4C/$3U'VS.8JUGKCYU:P=EO).)YG(]JE[
M5?'V-+K8J7(R->GK74:%7T91U6I!@[=,&@$FG`$4$R93)";MW+UGY?K9I$Y0
MZ[<E:E9>:0PTEMGK-H6D+2E:U0"P0#$M`>7&-S*M-LSTA2Y-YUI2U$JT**<B
M0D$Z3$^RK&/N!NQ;*[QS?*3D&Q[-9I9U>TMGV&L,2\Q=;/<F&*7>1'UWF4[7
M1ZW.3H13*?J5=2BA:J(_#G3\10`Y0,/7;O8S;]H,6W)2].E#-M'WAX!M#9>2
MWTP&W%I3J(62H*!B(#NQS6`JIUPU1XS3O24DMMJU*4$*7JBI(42`4P!'`YX`
MK<K6C;W6SD4U%X_<<<I&YN3)C8M*EK6FV3.2;O"NJ"PM=UEJ_P#$M8B/R`^3
ME#L:[7GDB8%E4@'P%#OX1$0.+3N.U;AL*J7Q4+;I,LU3ROIMH9;(=*&PO-10
M(9G1SY8'Z]3*K(7)*V_*5.;6Y,:=1*UC2%*(``"R8`9\N./?E*U_VMX]\LZJ
M8`H?*'N3F"];16@&SA>TY-N%02IT,E9Z]3(9VFJQO\D1<DQ+VA8RAE3(D3+'
MC[1`1\.-M*];5\TBJUN<MNDRTM3&=0#;*%EPE*G",T#V0CP@9DJA'/&;LI=5
MM^>E*?+U2<<5-J@=3BP$C4$CBL\23SAX<9SY/M6\J<<&N2>Q&,>;':G(648>
M]5".JV,[;F@5W%M+(2B;>6=0D9$W-\Y<J5EJ(OG`.&CID+9$R:P`)RB:&VYN
M*2O^XA;M5M&FR]-<9<+CR)<@H`3EJ4I$!J/A!!2H*,08<)&Z*4_;E-%3D:S,
MNSR7$A*"ZI6KD8)ZAX<3D<N_#8MF>4K)^M?"7AS97+1"UW<?8O"]9J-#A#,2
M0TNYRA<H!0CC)"5<\"2C)*"K0A8U4")`DDY5;M_"4%2%ZJRW-M)&Y=WYNW:2
M0Y:TC-+6XO4%)Z+:LFX\#J5^J!CF(F.4<%M3NJ8IMCLU*:BFM3#(2@0@2LB&
MJ'*"?%RS('/`+^FWS]M2CM+N%J?M[DG+=NR!`8UQQD2/K68;S8;E-5%TP=(H
MS#1F%CDY%>*<2$1D&+6=HI"0`,0H*!XR^PW^8&A6LJWJ3<]I2\JW(+F'FBMA
MM*$J@`![(&KQ(5`F/EQ`;8U"JBISE+J[KJG@VE02M:E0@>6HF&2AZ,#=A#:/
M"VE?J(.0',&^L])XF1EDLF06*[-)UFS3<:5G.S-#^P[\J,#%R\D$3/8H@P(V
M>$1.W\T3)&,01$`G:S;58N[8BA4NQ4)FP@MJF$!20H*2E97`*4!%+ZSJ!(,,
MQ$8CI*K25$W%GYZO%315K2A6DD0*AHC")S0D`9'*&!`W\VRJV^/('LGNOAEU
M.V#7'2_59]#4V^/H9_",3W.6A)C'^-W*;.61:O&2EES;E(7<>DX31=KLXTZX
MI`4@@!98]M3-DV-3[.JP0W<%9J:5.-I4">D"''#D3'0PT`HIB`H@1YF%N&K-
MUZX9BNR16:;*RVE"RDZ=4"E'D*G5'3S(SAD1@[N!;E&XU]`]'W>/<\9W-3LQ
MW?+5UR!<85IC/*=F,PC1;Q%9J;9>8K5,EH=R<8&O$<>%%PJ*8N1*;L8!*`/O
M=MS?][7M[[19+K4EJ5:;:6'$`'(K5#4I)!"ED&(Y8(=OKIMR@T/H3KRD3SKR
MEJ2&UF$0$@1"2(91\\,7?J9>ZKR(>I;R#L)3W*EEQ/KWAU6?HTHNR?QH*,(C
M']:H->?*1LJV:2,:JZLV1G[DJ+A%)<IR#XB`8![:KHEIBPOEX8H,R`W4Y^="
M74Q!TGJ*6L1!(/A:2,CP5V<=E)<8N/<U=3:\<DPUJ0KD0E`0./YRH]V+#Y`\
M0UCE)]172-0[7)SJV)<18@C:ED-Q4Y9"*FXB+KU-LV6+,$7(N6DB@PD7-HN,
M:P.H*"@_<[#V#MV6+5YK;/89^Z90(%4G9M1:"TDI.I:6DQ2""H`-%0SA!6.>
MXY)NZ]Q6Z4X5>Z,MA+FDP@$I+AA$$1BJ'`X'#D+XU]>.,/D8XQ8?6N4MTBSR
MWE2J/;)%YL<UO(T6FK#9;HM>.J";NOQ3)S&2L79%R.6KE!4A#)E5(<@^PI'8
MFX5>W)L&X7+@2RVN6EW`VJ7"FE>)E:H""E$&(!!!$8P/#$9<EM4^V;BIB*<I
MQ3;KJ2H.Z2D06`."4@1B8QCPRXXRAMB\VTYMN3JVSFCL'C:\8:XXYJOQ%!7R
M[(`SQ!-6R/M?GS$](-2H.$K2%ZMU25%LT\)2.(&'0,<Q2'['B[71:NSVW"&+
MT<?8J]PMJ4YT1%Y#11`)3$>`MH6(G,=19AW==9^,WM=*E4)"%R-/*0G68(40
MK,Y\=9!AVH`[,7%H[,;68%]1_'QV\9<:1F?=DL36*.N9L2J`6ARJ<OC!"9IS
MF+3$"&([<J8J23=`8.YG93F#N)@ZU7@Q;-;^7P*LU4PNBTR924%\`.Q#T'`8
M<AUXB`A#R8W4)57I^Y4:X&TSLVT0='LYHB.Z/@&&M<SMSV!A<NT*MUOAYQ9R
M08RE:265B,A2>.[7>[;1;"SE736<I\RXKU3G%X-FJF=N\9@5PFDZ(J<!()D3
M#U6&T4A09JES#LU=DS;]12]!327DM(=21X5C4XG68Y'(E.7(X+[R?GFYM"4T
MAFHRNC)734XM)SU`P!*>4"#SPMZO;I;]U3&+W"M>]-948O$DG(L)>7QLWP#D
M<:7-R\6<JD9+3]?5QHK'3LI'*$*9!P\3662,0HE,`E#M8CUE6/,5(5A[<%Q5
M52DA+QFVNHD$0(2OJZD@C(@$`C`LW6ZRU**D&[:A)*,5(]V<TJ(X%0TP41R)
MB>>+5/LUN`)3%-Z7#"_A[#W\6I]B`!#M[0]F'N_MZZS;=JA.E6Y4T$*R/_7)
M(]'7[,:Q5*B#$6NV#_XBAW?D#EC*N.=^.4W`=JLUFQ_Z>>I4"PW1HQ56FL3X
M.OE4G7%7<HLWJ$%;;)3*B[=6)V26;J.SIO#-EVJJ@)G;D,F`C#3EB;:5Z61+
MSM]NORS*C!+\RT4A?`J0AQSP@B`U`$*A$*..N6K]R4YU;LM;P:6L0BU+N).G
M+)12,\\\\3('D<Y.JKDB;S)6?3O,Z_EVS%?DL>48;"V48S(<^25,U-)$FKFS
MQNE8I1-^9BCYI5W)P4\DG?OX2]G/;=[=3%.;I$Q?G4I34-#*IIE328<-*"Z4
MB'*`PF[EN)J:5.MVZI,ZN,7!+NZS'C%6G5GY<=,E<C/)OF:5@)W+OIVF&4)R
MIIKI5::R#A/*%QEJTFZ<(NG)*_)6#&S]Y#`NZ;)J'^&.EXE$RF'VE`0=3]O-
MNZ2VXU2K],LR[#6EJ;9;2N`@-00Z`8#M!QF:N6X9]:7)ZW5/+1[)7+NJ*>>1
M4DP\V)N+.2WE(P;'R\3A;T]">(XN??I2L['8TPYE2C,9F30;@U1D)1K6<<QB
M#]ZDV+Y9552G.4GL`>W3:EMOMM6G4.UB^Q-.(3I2IZ98<*4]@*W"0.X8?*W/
M<DBE29*WU,I68G0PZF)[3`")P=V@>P>X.ZFX\9:]N^'_`![K8./J._GVVSN2
M,;61MDZ.DHI0(ZH5'']LO=.CI0SU5U.NE3IMW8`U9%<F`H>9\X$OBW[3L^U#
M*VM=;]04^^`9-IY)9((BM;J&G5)&24C-.:H#EB>M^H52MU@3%6I#<NI""0\M
MLA8AD$@K$8YY0Y1\[I=M,,WS/F`\@XTQ7FF\:\Y-F8OXB@Y=H$H[C)FIVN..
M#N(6?D:'*:5K;YPG\/),Q]\T5/X!*J5,Y:=MJIR%$KC%2J,FS/22%GJ,NB*5
MI(@KR*`S2>2@(QP;5>3F)^07+2CRF)H@%"TF!"APC#/2>"H9P)AC4ZO^J?*K
MB:SN:1E3U%&"<;71BV:.WU3O>P%CJ-A;-GR0+,W:L-8&\?(D:.TA\22@I@10
MOR"/;KTW(W9M546!,2%BSDQ+F`UMRX6`1Q$4K(B>_/NQ54U2KLE'NC,U]AMV
M$8+?4DP\A2,6,XQ-R$1S9Q(OO4SZNIL8]!9^]4;;-O)!PDS9IF<.E48]`RBS
MY5-!,PE1*43*F`"@'<>NT5O;I9Z;6WU2+JL@#*0B2<LX^'R\L<QEKB1XUW'*
MA(_[A1]4,1HW`^]T0U*QJ'J9-9/LT"SMY$'DMH)!K(+-)-VM)%<O63N4E5F+
MIR=V90[<7"I4#&$A1\)0#K)N&P'?'.;?U$3.0.F4\(TB$`0$@^72(\<,;DJ\
MA.EFXY4HXYS"AQSX9XG_`.C7(E_Z9=5_^TZWZWIOQW;;_3^I_NGX</\`=+D_
MB*4_>5?HXK_1KD2_],NJ_P#VG6_6]+X[MM_I_4_W3\.%[I<?\12G[RK]'%V4
M75SE,RA:8VC8T]1?@/(=VF"NCQ-2I&PM@M5DDR,6YW;U1E"02#^2<),VR9E%
M3D3$J9`$QNP=<D[=FU5/8,U4+$G9>4&16N7"$@\O$M0&9Y8W2]-NJ;=Z$K7Y
M=QXC)*'EJ/J3'&U3I+@G+6N^O-*QSGC/UUV8S"A\=,Y"RQ=9-[(GE;#+*@JM
M%UA%^!7,53X)N1-LQ0.`*'*0RRG954X!YMN^LTJNW`]4:'(M4ZE&"6F4)AI0
M!Q7F8N*,2KD/9&21BU:+)3=/D$2\\^N8FN*EJ,<SR$<](Y1SXX+7H<Q*X!O<
M+CBTUWT3JH[283A<B25).Y"KV5&3GJI;8QD]`/C(@+/4I.%FG,$Y5*"IF2ZZ
MC8%B@H4A3]S"7VGN!=UD*=-M3CDNEX04@A+C:H<%:'$J2%=BH:N_$#6+;HU>
M"?B3/44G@H$H5#LU)*50[CA,^SG$-Q@ZA,(^_5WB?V%VEBX]1JY?-\09#LE[
M;1S<7)4I0\[2K!FJ.M$BG'1AE'28-HIX@L<A4Q43$?$6UK=W9W,NE\TV8N.2
MIQ5D%/-MMQ/$!*TL$")$(E281P&56T+8HS?O3=,FIE(XAMQQ7I!<U>@0PF*T
MY8],S2Y-S&77CRW>ILLFJK\1%VE2]UI\@8IQ`Y#,9C81BX3!,X^'MX?9\G5M
M24G\Q\^TE=/KE(?:AD6UL+';Q3+F,.9]>`UV8VWEE].9I\^AS\DK7'T=;$>N
MY?\`3)7!^C$U'CYW9MDJX,4B$7675YGY%<QA`I2I,HC89XY4,81]@`7N/3YN
M2^9"G-E^>KE(99`B5+4PD0X\3+0QEJ9VV?7TV*?/J<[`M<?1U\.-U7X@>*':
M9@%A:\6NV&#*<JS^+8V786]6_'AY<3@4S=*+J:&>YV\JE<$'N"RT:@V`/RG<
M0`:GN'=O=.W7?=UW#3IQ^.8ET,O!/E7[N$>8*/IP74FT;4JZ>HBF3K#,,BZM
MU$?[)<)]0PY[3_C+TCT0D++-:PX*@Z#9+<FW;3=N>RE@N-L4C6X?,A6-CN,K
M.RT/"'4$5%6K15%!=7L94IS%*):HNK<2\;V0VS<DZX_+L^RB"$(B>*BA"4I*
MN\@F&#6D6S1:"2NF,Z'5<5$E:@.P*620#S`XX/;H,Q/XKI86*Z6%CR7]RM[K
MW2GO_<_0-[[]%]]^#WZP<+`4YE^J!_PD^BA_O+]4]^3Y/P?O/TG;HBM_Z]/_
M`+#G_=/:X<OZ>[$94OJ?\+Q'UWL_C[,1,,?1-_P9]XY_V8^C^3^E^D_._P`W
M6RO?7?\`TO9']Z]K\79AE.^J_P`)Q_V/L\?Y>?!ML/J+/ZI]5;_4/J/NB?4_
4[K^;_`[=#(\V);$OK.%BNEA8_]D_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
