<SEC-DOCUMENT>0001193125-18-149154.txt : 20180503
<SEC-HEADER>0001193125-18-149154.hdr.sgml : 20180503
<ACCEPTANCE-DATETIME>20180502202833
ACCESSION NUMBER:		0001193125-18-149154
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20180502
FILED AS OF DATE:		20180503
DATE AS OF CHANGE:		20180502

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:		18801443

	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>d580235d6k.htm
<DESCRIPTION>6-K
<TEXT>
<HTML><HEAD>
<TITLE>6-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Form <FONT STYLE="white-space:nowrap">6-K</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P>
<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:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant To Rule <FONT STYLE="white-space:nowrap">13a-16</FONT> Or <FONT STYLE="white-space:nowrap">15d-16</FONT> Of </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>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">For the month of May, 2018 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Commission File Number: <FONT STYLE="white-space:nowrap">001-14950</FONT> </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>ULTRAPAR HOLDINGS INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">(Translation of Registrant&#146;s Name into English) </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&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:6pt; 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 <FONT STYLE="white-space:nowrap">01317-910</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">(Address of Principal Executive Offices) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&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: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 <FONT STYLE="white-space:nowrap">20-F</FONT> or Form <FONT STYLE="white-space:nowrap">40-F:</FONT> </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="49%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Form 20-F
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;X&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Form 40-F <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
</TABLE> <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 <FONT STYLE="white-space:nowrap">6-K</FONT> in paper as
permitted by Regulation <FONT STYLE="white-space:nowrap">S-T</FONT> Rule 101(b)(1): </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Yes
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">No <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;X&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
</TABLE> <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 <FONT STYLE="white-space:nowrap">6-K</FONT> in paper as
permitted by Regulation <FONT STYLE="white-space:nowrap">S-T</FONT> Rule 101(b)(7): </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Yes
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">No <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;X&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
</TABLE> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&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:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TABLE OF CONTENTS </B></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>ITEM</U> </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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><A HREF="#toc580235_1">1.</A></TD>
<TD ALIGN="left" VALIGN="top"><A HREF="#toc580235_1">Material Notice </A> </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><A HREF="#toc580235_2">2.</A></TD>
<TD ALIGN="left" VALIGN="top"><A HREF="#toc580235_2">Shareholders&#146; Agreement </A> </TD></TR></TABLE> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&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><A NAME="toc580235_1"></A>ULTRAPAR PARTICIPA&Ccedil;&Otilde;ES S.A. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Publicly Listed Company </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CNPJ
n&ordm; <FONT STYLE="white-space:nowrap">33.256.439/0001-39</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NIRE 35.300.109.724 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MATERIAL NOTICE </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ULTRAPAR ANNOUNCES
SUCCESSION ON THE BOARD OF DIRECTORS AND EXECUTION OF A SHAREHOLDERS&#146; AGREEMENT </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">S&atilde;o Paulo, May 2<SUP
STYLE="font-size:85%; vertical-align:top">nd</SUP>, 2018 &#150; Ultrapar Participa&ccedil;&otilde;es S.A. (&#147;Ultrapar&#148; or &#147;Company&#148;), hereby informs that Mr.&nbsp;Paulo Guilherme Aguiar Cunha, Chairman of the Board of Directors,
based on his understanding that now it is the time to complete the process of his succession and thus secure a further step to ensure the Company&#146;s perpetuity, decided to leave the Company&#146;s Board of Directors, and presented his
resignation on the date hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Paulo Cunha served as the CEO of Ultrapar until 2006 and as Chairman of the Board of Directors since 1998. The values
represented by his 50 years of tireless dedication to Ultrapar will continue as an example to be followed and perpetuated by the Company, basis for the continuous learning of its executives. His guidance, the integrity, and the respect with which he
has always conducted Ultrapar&#146;s business have guided the way that made it possible to raise it to the levels of performance and governance achieved over all these decades. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In recognition of the inestimable value of his contributions, the Board of Directors, at a meeting held today, resolved to appoint Mr.&nbsp;Paulo Cunha as the
Chairman Emeritus of the Board of Directors, an honorary and lifelong position to be occupied by him as of this date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Also on this date, Mr.&nbsp;Pedro
Wongtschowski, current Vice-Chairman of the Board of Directors, was appointed to succeed Mr.&nbsp;Paulo Cunha. Pedro Wongtschowski joined Ultrapar&#146;s board of executive officers in 1985, was Chief Executive Officer from 2007 to 2012 and has been
a member of the Board of Directors since 2013. Mr.&nbsp;Lucio de Castro Andrade Filho, who joined the Company in 1977, held the position of Vice President of Ultrapar from 1982 to 2006 and has been a member of the Board of Directors since 1998, was
appointed for the position of Vice Chairman of the Board of Directors. Both will occupy their roles for the remainder of their term of office as directors. The Board of Directors will appoint, in a timely manner, a new director who will serve until
the next general shareholders meeting of the Company, in accordance with the Bylaws. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Additionally, the Company informs that it received a correspondence
from Ultra S.A. Participa&ccedil;&otilde;es (&#147;Ultra S.A.&#148;), communicating that, on this date, a shareholders&#146; agreement was entered into by Ultra S.A. and Parth do Brasil Participa&ccedil;&otilde;es Ltda. (&#147;Agreement&#148;). The
mentioned companies are holding companies of the two branches of the Igel family, as well as of former executives of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Agreement sets
forth a set of rules to govern the relationship between these two shareholders, binds a total of shares representing 31.25% of the Company&#146;s capital stock, and shall be in force for a period of five years, automatically renewable for an equal
period, except if a termination notice is sent by one party to the other up to six (6)&nbsp;months before the end of its term. The agreement entered into on February&nbsp;24, 2014, among the shareholders of Ultra S.A. ceased to be in force on this
date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">According to the correspondence received, which is available at the Company&#146;s website, the Agreement aims to &#147;reinforce, without any
change, the principles that have been governing the actions of two reference shareholders of Ultrapar, in favor of the continuous protection of all shareholders&#146; interests and the guarantee that the Company is managed in a professional and
independent manner.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The full version of the Agreement is available at Ultrapar&#146;s website and was duly filed at the Company&#146;s
headquarters, with the B3 S.A.&#151;Brasil, Bolsa e Balc&atilde;o and with the Brazilian Securities and Exchange Commission&#151;CVM. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Andr&eacute; Pires de Oliveira Dias </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Chief Financial and Investor Relations Officer </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" 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:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc580235_2"></A>SHAREHOLDERS&#146; AGREEMENT OF ULTRAPAR PARTICIPA&Ccedil;&Otilde;ES
S.A. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">By the present private instrument and in the best terms of the law, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>1.</B> <B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ULTRA S.A. PARTICIPA&Ccedil;&Otilde;ES</B>, a corporation with headquarters at Avenida Brigadeiro
Lu&iacute;s Ant&ocirc;nio, No.&nbsp;1.343, in the city of S&atilde;o Paulo, state of S&atilde;o Paulo, enrolled in the Corporate Taxpayers Registry of the Ministry of Finance (CNPJ) under
<FONT STYLE="white-space:nowrap">No.&nbsp;54.041.439/0001-91,</FONT> herein represented pursuant to its <FONT STYLE="white-space:nowrap">by-laws</FONT> (&#147;<B><U>Ultra</U></B>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>2.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>&nbsp;&nbsp;&nbsp;&nbsp;PARTH DO BRASIL PARTICIPA&Ccedil;&Otilde;ES LTDA.</B>, a limited liability company with
headquarters at [<FONT STYLE="font-family:Times New Roman;background-color:#000000">**** ******** ******** *********** *************** ******** ********* ********* ********* *********</FONT><FONT STYLE="font-family:Times New Roman">], enrolled in
the Corporate Taxpayers Registry of the Ministry of Finance (CNPJ) under No. [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], herein represented pursuant to
its articles of association (&#147;<B><U>Parth</U></B>&#148; and, jointly with Ultra, hereinafter referred to as &#147;<B><U>Holdings</U></B>&#148; or &#147;<B><U>Parties</U></B>,&#148; or &#147;<B><U>Holding</U></B>&#148; or
&#147;<B><U>Party</U></B>,&#148; when referred to individually); and, </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the capacity as consenting intervening parties and bound by the
provisions of this Agreement; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>&nbsp;&nbsp;&nbsp;&nbsp;ANA MARIA LEVY VILLELA IGEL</B>, a Brazilian citizen, widow,
businesswoman, the holder of the Brazilian identity card (RG) No. [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], and of the Brazilian Individual Taxpayer
Register Identification (CPF/MF) No. [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], resident and domiciled in [</FONT><FONT
STYLE="font-family:Times New Roman;background-color:#000000">****** ******* *********** ********** *********** ************ ********** ********</FONT><FONT STYLE="font-family:Times New Roman">] (&#147;<B><U>Ana Maria Levy Villela
Igel</U></B>&#148;); </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>4.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>&nbsp;&nbsp;&nbsp;&nbsp;FABIO IGEL</B>, a Brazilian citizen, married, businessman, the
holder of the Brazilian identity card (RG) No. [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], and of the Brazilian Individual Taxpayer Register Identification
(CPF/MF) No. [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], resident and domiciled [</FONT><FONT
STYLE="font-family:Times New Roman;background-color:#000000">****** ********** ********* *********** ************** ********** ************ ********* ****</FONT><FONT STYLE="font-family:Times New Roman">] (&#147;<B><U>Fabio Igel</U></B>&#148;);
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>5.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>&nbsp;&nbsp;&nbsp;&nbsp;M&Aacute;RCIA IGEL JOPPERT</B>, a Brazilian citizen, widow, businesswoman, the holder
of the Brazilian identity card (RG) No. [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], and of the Brazilian Individual Taxpayer Register Identification (CPF/MF)
No. [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], resident and domiciled in
[</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">***** ********* *********** ************* **************** ************ *********</FONT><FONT STYLE="font-family:Times New Roman">] (&#147;<B><U>M&aacute;rcia Igel
Joppert</U></B>&#148;); </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>6.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>&nbsp;&nbsp;&nbsp;&nbsp;ROG&Eacute;RIO IGEL</B>, a Brazilian citizen, married,
businessman, the holder of the Brazilian identity card (RG) No. [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], and of the Brazilian Individual Taxpayer Register
Identification (CPF/MF) No. [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], resident and domiciled in [</FONT><FONT
STYLE="font-family:Times New Roman;background-color:#000000">***** ******** ************ ********** *********** *********** ********</FONT><FONT STYLE="font-family:Times New Roman">] (&#147;<B><U>Rog&eacute;rio Igel</U></B>&#148;); </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>7.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>JOYCE IGEL DE CASTRO ANDRADE</B>, a Brazilian citizen, married, businesswoman, the holder of the
Brazilian identity card (RG) No. [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], and of the Brazilian Individual Taxpayer Register Identification (CPF/MF) No.
[</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], resident and domiciled in [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">****
********** ******** ********* ******** ********* *******</FONT><FONT STYLE="font-family:Times New Roman">] (&#147;<B><U>Joyce Igel de Castro Andrade</U></B>&#148;); </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>8.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>LUCIO DE CASTRO ANDRADE FILHO</B>, a Brazilian citizen, married, engineer, the holder of the
Brazilian identity card (RG) No. [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], and of the Brazilian Individual Taxpayer Register Identification (CPF/MF) No.
[</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], resident and domiciled in [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">*****
************ ******** ********** *********** *********</FONT><FONT STYLE="font-family:Times New Roman">] (&#147;<B><U>Lucio de Castro Andrade Filho</U></B>&#148;); </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>9.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>PAULO GUILHERME AGUIAR CUNHA</B>, a Brazilian citizen, divorced, engineer, the holder of the
Brazilian identity card (RG) No. [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], and of the Brazilian Individual Taxpayer Register Identification (CPF/MF) No.
[</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], resident and domiciled in [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">******
****** ************* *********** ************* ************* *************</FONT><FONT STYLE="font-family:Times New Roman">] (&#147;<B><U>Paulo Guilherme Aguiar Cunha</U></B>&#148;); </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>10.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>PEDRO WONGTSCHOWSKI</B>, a Brazilian citizen, divorced, chemical engineer, the holder of the Brazilian
identity card (RG) No. [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], and of the Brazilian Individual Taxpayer Register Identification (CPF/MF) No. [</FONT><FONT
STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], resident and domiciled [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">***** ******
************ *********** *********** ********* ***********</FONT><FONT STYLE="font-family:Times New Roman">] (&#147;<B><U>Pedro Wongtschowski</U></B>&#148;); </FONT></P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<FONT STYLE="font-family:Times New Roman;background-color:#000000">*****</FONT><FONT STYLE="font-family:Times New Roman">] Confidential
material redacted. </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:10pt; font-family:Times New Roman" ALIGN="center">1 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>11.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>CHRISTY PARTICIPA&Ccedil;&Otilde;ES LTDA.</B>, a limited
liability company with headquarters at [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***** ********* ************* *************** ************* *********** ************ *********** ******</FONT><FONT
STYLE="font-family:Times New Roman">], enrolled in the Corporate Taxpayers Registry of the Ministry of Finance (CNPJ) under No. [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT
STYLE="font-family:Times New Roman">], herein represented pursuant to its articles of association by H&eacute;lio Marcos Coutinho Beltr&atilde;o duly qualified herein below (&#147;<B><U>Christy Participa&ccedil;&otilde;es Ltda.</U></B>&#148;)
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>12.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>H&Eacute;LIO MARCOS COUTINHO BELTR&Atilde;O</B>,<B> </B>a Brazilian citizen, married, engineer,
the holder of the Brazilian identity card (RG) No. [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], and of the Brazilian Individual Taxpayer Register
Identification (CPF/MF) No. [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], resident and domiciled in [</FONT><FONT
STYLE="font-family:Times New Roman;background-color:#000000">**** ******* ******** ************ ******** ****************** ********* *********** ********* *********</FONT><FONT STYLE="font-family:Times New Roman">] (&#147;<B><U>H&eacute;lio Marcos
Coutinho Beltr&atilde;o</U></B>&#148;); </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>13.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>BRUNO IGEL</B>, a Brazilian citizen, married, business
administrator, the holder of the Brazilian identity card (RG) No. [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], and of the Brazilian Individual Taxpayer
Register Identification (CPF/MF) No. [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">******** *******</FONT><FONT STYLE="font-family:Times New Roman">], resident and domiciled in [</FONT><FONT
STYLE="font-family:Times New Roman;background-color:#000000">**** ******** ********** ************* ********** **********</FONT><FONT STYLE="font-family:Times New Roman">] (&#147;<B><U>Bruno Igel</U></B>&#148;); </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>14.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>ANA ELISA ALVES CORR</B><B>&Ecirc;</B><B>A IGEL</B>, a Brazilian citizen, single, teacher, the holder of the
Brazilian identity card (RG) No. [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], and of the Brazilian Individual Taxpayer Register Identification (CPF/MF) No.
[</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], resident and domiciled in [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">******
*********** ******** ****************** ********** ********* *************</FONT><FONT STYLE="font-family:Times New Roman">] (&#147;<B><U>Ana Elisa Alves Corr</U></B><B><U>&ecirc;</U></B><B><U>a Igel</U></B>&#148;); </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>15.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>ANA PAULA DE QUEIROZ CUNHA</B>, a Brazilian citizen, single, biologist and psychologist, the holder of the
Brazilian identity card (RG) No. [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], and of the Brazilian Individual Taxpayer Register Identification (CPF/MF) No.
[</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], resident and domiciled in [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">*****
********* ********* ************* ********* ********** *********** *********</FONT><FONT STYLE="font-family:Times New Roman">] (&#147;<B><U>Ana Paula de Queiroz Cunha</U></B>&#148;); </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>16.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>PEDRO AUGUSTO DE QUEIROZ CUNHA</B>, a Brazilian citizen, divorced, engineer, the holder of the Brazilian
identity card (RG) No. [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], and of the Brazilian Individual Taxpayer Register Identification (CPF/MF) No. [</FONT><FONT
STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], resident and domiciled in [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">**** **********
************ ********** ************* *********** ********** *****</FONT><FONT STYLE="font-family:Times New Roman">] (&#147;<B><U>Pedro Augusto de Queiroz Cunha</U></B>&#148;); </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>17.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>GUILHERME DE QUEIROZ CUNHA</B>, a Brazilian citizen, married, businessman, the holder of the Brazilian
identity card (RG) No. [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], and of the Brazilian Individual Taxpayer Register Identification (CPF/MF) No. [</FONT><FONT
STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], resident and domiciled in [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">******* **********
*********** ************* ********* ********* ******</FONT><FONT STYLE="font-family:Times New Roman">] (&#147;<B><U>Guilherme de Queiroz Cunha</U></B>&#148;); </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>18.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>EDUARDO QUEIROZ CUNHA</B>, a Brazilian citizen, married, business administrator, the holder of the Brazilian
identity card (RG) No. [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], and of the Brazilian Individual Taxpayer Register Identification (CPF/MF) No. [</FONT><FONT
STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], resident and domiciled in [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">****** ***********
************ *********** ************ *********** ******** ****</FONT><FONT STYLE="font-family:Times New Roman">] (&#147;<B><U>Eduardo Queiroz Cunha</U></B>&#148;); </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>19.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>ROBERTO DE CASTRO ANDRADE</B>, a Brazilian citizen, married, mechanical engineer, the holder of the Brazilian
identity card (RG) No. [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], and of the Brazilian Individual Taxpayer Register Identification (CPF/MF) No. [</FONT><FONT
STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], resident and domiciled in [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">****** ************
********* ************* ************ ******* ******</FONT><FONT STYLE="font-family:Times New Roman">] (&#147;<B><U>Roberto de Castro Andrade</U></B>&#148;); </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>20.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>BETTINA DE CASTRO ANDRADE GASPARIAN</B>, a Brazilian citizen, married, business administrator, the holder of
the Brazilian identity card (RG) No. [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], and of the Brazilian Individual Taxpayer Register Identification (CPF/MF) No.
[</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], in [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">**** ********* **********
*********** ******** *********** ****** ******</FONT><FONT STYLE="font-family:Times New Roman">] (&#147;<B><U>Bettina de Castro Andrade Gasparian</U></B>&#148;); </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>21.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>ROBERTA JOPPERT FERRAZ</B>, a Brazilian citizen, married, hotelier, the holder of the Brazilian identity card
(RG) No. [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], and of the Brazilian Individual Taxpayer Register Identification (CPF/MF) No. [</FONT><FONT
STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], resident and domiciled in [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">***** *********
********* *********** ********** ***** ******</FONT><FONT STYLE="font-family:Times New Roman">] (&#147;<B><U>Roberta Joppert Ferraz</U></B>&#148;); </FONT></P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<FONT STYLE="font-family:Times New Roman;background-color:#000000">*****</FONT><FONT STYLE="font-family:Times New Roman">] Confidential
material redacted. </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:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>22.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>SANDRA JOPPERT</B>, a Brazilian citizen, divorced, business
administrator, the holder of the Brazilian identity card (RG) No. [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], and of the Brazilian Individual Taxpayer
Register Identification (CPF/MF) No. [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], resident and domiciled in [</FONT><FONT
STYLE="font-family:Times New Roman;background-color:#000000">**** ******** *********** ********* ************ ********** ***** ******</FONT><FONT STYLE="font-family:Times New Roman">] (&#147;<B><U>Sandra Joppert</U></B>&#148; and, jointly with Ana
Maria Levy Villela Igel, Fabio Igel, M&aacute;rcia Igel Joppert, Rog&eacute;rio Igel, Joyce Igel de Castro Andrade, Lucio de Castro Andrade Filho, Paulo Guilherme Aguiar Cunha, Pedro Wongtschowski, Christy Participa&ccedil;&otilde;es Ltda.,
H&eacute;lio Marcos Coutinho Beltr&atilde;o, Bruno Igel, Ana Elisa Alves Corr&ecirc;a Igel, Ana Paula de Queiroz Cunha, Pedro Augusto de Queiroz Cunha, Guilherme de Queiroz Cunha, Eduardo Queiroz Cunha, Roberto de Castro Andrade, Bettina de Castro
Andrade Gasparian e Roberta Joppert Ferraz, hereinafter referred to as &#147;<B><U>Ultra Partners</U></B>&#148;); </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>23.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>BETTINA IGEL HOFFENBERG</B>, a Brazilian citizen, single, educator, the holder of the Brazilian identity card (RG) No. [<FONT
STYLE="font-family:Times New Roman;background-color:#000000">**********</FONT><FONT STYLE="font-family:Times New Roman">] duly issued by the IFP, and of the Brazilian Individual Taxpayer Register Identification (CPF/MF) No. [</FONT><FONT
STYLE="font-family:Times New Roman;background-color:#000000">******* ********</FONT><FONT STYLE="font-family:Times New Roman">], resident and domiciled at [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">******* *******
************** ******** *********** ************* *****</FONT><FONT STYLE="font-family:Times New Roman">], represented herein by her <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorney-in-fact</FONT></FONT> Mr.&nbsp;Jean
Pierre Roy Jr<B>.</B>, a Brazilian citizen, married, lawyer, the holder of the Brazilian identity No. [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">*****</FONT><FONT STYLE="font-family:Times New Roman">] duly issued by
the OAB/RJ, and of the Brazilian Individual Taxpayer Register Identification (CPF/MF) No. [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], with his
professional address in [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">****** ********** ************* ********* ************ ******* ************ ******** ******* ****** *****</FONT><FONT
STYLE="font-family:Times New Roman">] (&#147;<B><U>Bettina Igel Hoffenberg</U></B>&#148;); </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>24.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>JENNINGS LUIS IGEL
HOFFENBERG</B>, a Brazilian citizen, married, architect, the holder of the Brazilian identity No. [<FONT STYLE="font-family:Times New Roman;background-color:#000000">*********</FONT><FONT STYLE="font-family:Times New Roman">]duly issued by the CREA,
and of the Brazilian Individual Taxpayer Register Identification (CPF/MF) No. [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], resident and domiciled in
[</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">****** ********** *********** ******** ************* ******** *********</FONT><FONT STYLE="font-family:Times New Roman">] (&#147;<B><U>Jennings Luis Igel
Hoffenberg</U></B>&#148;); </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>25.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>PEDRO IGEL DE BARROS SALLES</B>, a Brazilian citizen, married, musician, the
holder of the Brazilian identity card (RG) No. [<FONT STYLE="font-family:Times New Roman;background-color:#000000">************</FONT><FONT STYLE="font-family:Times New Roman">] duly issued by the IFP, and of the Brazilian Individual Taxpayer
Register Identification (CPF/MF) No. [</FONT><FONT STYLE="font-family:Times New Roman;background-color:#000000">***************</FONT><FONT STYLE="font-family:Times New Roman">], resident and domiciled in [</FONT><FONT
STYLE="font-family:Times New Roman;background-color:#000000">**** ****** ************** ******** *********** *********** ********** ****** ****** *********</FONT><FONT STYLE="font-family:Times New Roman">] (&#147;<B><U>Pedro Igel de Barros
Salles</U></B>&#148;); </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>26.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>ATHENA INTERNATIONAL INVESTMENTS LTD.</B>, a company duly incorporated and existing
under the laws of the British Virgin Islands, with its main place of business at [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***** **** ******** ********* ********* ************** ******* ******** ****** ********
*******</FONT><FONT STYLE="font-family:Times New Roman">], represented herein by its <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorney-in-fact</FONT></FONT> Mr.&nbsp;Jean Pierre Roy Jr<B>. </B>duly qualified herein above;
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>27.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>ARPLEX ENTERPRISES LTD.</B>, a company duly incorporated and existing under the laws of the British Virgin
Islands, with its main place of business at [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***** ********* ******* ************ ******* *********** ****** ************ ****** **********</FONT><FONT
STYLE="font-family:Times New Roman">], represented herein by its <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorney-in-fact</FONT></FONT> Mr.&nbsp;Jean Pierre Roy Jr<B>.</B> duly qualified herein above; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>28.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>VENUS QUARTZ LLC</B>, a company duly incorporated and existing under the laws of Delaware, with its main place of
business at c/o [<FONT STYLE="font-family:Times New Roman;background-color:#000000">***** *********** ********* ************ *********** ******** *********</FONT><FONT STYLE="font-family:Times New Roman">], represented herein by its <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorney-in-fact</FONT></FONT> Mr.&nbsp;Jean Pierre Roy Jr<B>.</B> duly qualified herein above (&#147;<B><U>Venus</U></B>&#148;) and, jointly with Bettina Igel Hoffenberg, Jennings Luis
Igel Hoffenberg, Pedro Igel de Barros Salles, Athena e Arplex, hereinafter referred to as &#147;<B><U>Parth Partners</U></B>&#148; and, when referred to jointly with the Ultra Partners, &#147;<B><U>Holdings Partners</U></B>&#148; or a
&#147;<B><U>Holding Partner</U></B>,&#148; when referred to individually; and </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>29.</B>&nbsp;&nbsp;&nbsp;&nbsp;Ana Maria Levy Villela Igel, Joyce
Igel de Castro Andrade, M&aacute;rcia Igel Joppert, Rog&eacute;rio Igel, Jennings Luis Igel Hoffenberg e Pedro Igel de Barros Salles (&#147;<B><U>Usufructuaries</U></B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>,<B> </B>each Holding holds a material stake in the capital stock of ULTRAPAR PARTICIPA&Ccedil;&Otilde;ES S.A., a public traded Brazilian
corporation with headquarters at Avenida Brigadeiro Lu&iacute;s Ant&ocirc;nio, No.&nbsp;1.343, in the city of S&atilde;o Paulo, state of S&atilde;o Paulo, enrolled in the Corporate Taxpayers Registry of the Ministry of Finance (CNPJ) under <FONT
STYLE="white-space:nowrap">No.&nbsp;33.256.439/0001-39</FONT> (&#147;<U>Ultrapar</U>&#148; or &#147;<U>Company</U>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Holdings,
the Holdings Partners, and the Usufructuaries are interested in forming a representative block of shareholders with the ability to act in an uniform way in matters involving their interests in the capacity as shareholders of the Company, preserving
the ideals of Ernesto Igel and Ultrapar&#146;s history; and </P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<FONT STYLE="font-family:Times New Roman;background-color:#000000">*****</FONT><FONT STYLE="font-family:Times New Roman">] Confidential
material redacted. </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:10pt; font-family:Times New Roman" 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:10pt; font-family:Times New Roman"><B>WHEREAS</B>, in order to ensure the maintenance of the shareholders block intended to be formed and the
protection of the Parties&#146; rights, the Holdings and the Holdings Partners wish to provide for certain economic rights related to their equity stakes in the Holdings, as well as certain political and economic rights attached to the Ultrapar
shares held by the Holdings and directly held by the Holdings Partners; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>,<B> </B>the Parties, with the intervenience and the consent
of the Holdings Partners, hereby enter into this Shareholders&#146; Agreement (&#147;<U>Agreement</U>&#148;), which shall be governed by the applicable laws and by the clauses and conditions provided hereinbelow: </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECTION ONE </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PURPOSE AND
PRELIMINARY PROVISIONS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>1.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;The purpose of this Agreement is to govern the exercise of the voting rights of the
Holdings, of the Holdings Partners, and of the Usufructuaries in the shareholders meetings of Ultrapar, as well as set forth rules to be followed for the transfer and encumbrance of any equity stake in Ultrapar and, in certain events, in the
Holdings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>1.2.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Holdings, the Holdings Partners, and the Usufructuaries hereby undertake to exercise their rights in the
capacity as shareholders of Ultrapar and of the Holdings, as applicable, so as to ensure compliance with the provisions of this Agreement and to take in good faith any further course of action or measure required to comply with such provisions, in
order to make sure that this Agreement materially achieves the purposes described in its provisions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>1.3.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Holdings
Partners and the Usufructuaries shall perform and cause to be performed all acts required to ensure at any time that the corporate documents and the shareholders&#146; or quotaholders&#146; agreements of each Holding and, as applicable, of each
Holding Partner or Usufructuary are compatible with and allows full compliance with all provisions of this Agreement, subject to the provisions of Sections 16.5 and 16.7. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>1.4.</B>&nbsp;&nbsp;&nbsp;&nbsp;The corporate purpose of the Holdings shall be to hold interest in the capital stock of Ultrapar, being any other business
activity prevented. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECTION TWO </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BOUND SHARES AND FREE SHARES </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>2.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall bind all shares, subscription rights, and securities convertible into shares issued by Ultrapar, as
well as all depositary receipt of shares issued by Ultrapar, held currently or in the future by the Holdings, at any time (&#147;<U>Bound Shares</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>2.1.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event of a corporate reorganization of Ultrapar, this Agreement shall automatically and by
operation of law be binding on the companies resulting from the corporate transaction, provided that, in the event the corporate reorganization is implemented by means of a partial <FONT STYLE="white-space:nowrap">spin-off,</FONT> this Agreement
shall continue to be binding on Ultrapar as well. In the event of <B>(i)</B>&nbsp;a <FONT STYLE="white-space:nowrap">spin-off</FONT> of Ultrapar with the conveyance of a portion of its assets to an existing company, <B>(ii)</B><B></B>&nbsp;a merger
of Ultrapar or of its shares into another company, or <B>(iii)</B><B></B>&nbsp;a merger (amalgamation) of Ultrapar with another company, the signatories of this Agreement shall: <B>(a)</B><B></B>&nbsp;observe in their relationships the provisions of
this Agreement as to the shares and other rights and securities that they hold currently or in the future in the surviving company, in the company resulting from the merger (amalgamation), or in the company that receives the <FONT
STYLE="white-space:nowrap">spun-off</FONT> portion of Ultrapar&#146;s assets, as the case may be (&#147;<U>New Company</U>&#148;); and <B>(b)</B><B></B>&nbsp;execute a new shareholders&#146; agreement substantially in the terms of this Agreement in
order to govern their relationships in the New Company, and file it at the New Company&#146;s headquarters and cause it to be recorded in the appropriate company registers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>2.2.</B>&nbsp;&nbsp;&nbsp;&nbsp;Any shares issued by Ultrapar and depositary receipt of shares issued by Ultrapar that are currently or come to be held by
the Holdings Partners shall be bound by the voting obligations set forth in this Agreement pursuant to the terms of Section Three below, but they may be freely traded (&#147;<U>Free Shares</U>&#148;). </P>
<P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECTION THREE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXERCISE OF HOLDINGS VOTING RIGHTS &#150; ORDINARY PREVIOUS MEETINGS AND&nbsp;PLENARY&nbsp;PREVIOUS&nbsp;MEETINGS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Holdings, the Usufructuaries, and the Holdings Partners who hold any Free Shares hereby undertake to vote in
Ultrapar&#146;s general shareholders meetings (&#147;<U>General Shareholders&#146; Meetings</U>&#148;) pursuant to the terms of the voting instructions approved by the Holdings&#146; representatives in the preliminary meeting to be held as set forth
in this Agreement (&#147;<U>Previous Meeting</U>&#148;), so that the Holdings&#146;, the Holdings Partners&#146;, and the Usufructuaries&#146; votes in the General Shareholders&#146; Meetings shall be bound by the resolution passed in the Previous
Meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>3.1.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;With respect to the Free Shares object of depositary receipt of shares, the
Usufructuaries&#146; and the Holdings Partners&#146; obligation to vote pursuant to the terms of the voting instructions approved in a Previous Meeting shall be deemed complied as long as a voting instruction in this respect is sent by the
titleholder to the issuer of the certificate, if possible and applicable to those persons, even if the issuer, due to any reason not attributable to the signatory of this Agreement, does not vote with the respective shares in the manner decided in
the Previous Meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.2.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event the Previous Meeting set forth in this Agreement is not held prior to a General
Shareholders&#146; Meeting, for any reason, or in the event a resolution is not approved in a Previous Meeting with respect to any item in the agenda of a General Shareholders&#146; Meeting, then the Holdings, the Usufructuaries, and the Holdings
Partners who hold any Free Shares shall attend such General Shareholders&#146; Meeting and exercise their respective voting rights <B>(i)</B><B></B>&nbsp;so that those matters that were not subject to resolution and approval in a Previous Meeting
are removed from the agenda of the aforementioned General Shareholders&#146; Meeting; or <B>(ii)</B>&nbsp;in the event those matters remain in the agenda, to<B> </B>vote so to reject those matters. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I><U>Types of Previous Meetings </U></I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.3.</B>&nbsp;&nbsp;&nbsp;&nbsp;There shall be two (2)&nbsp;types of Previous Meetings: <B>(i)</B><B></B>&nbsp;Ordinary Previous Meetings, and, according to
the matter to be decided in the General Shareholders&#146; Meeting, <B>(ii)</B><B></B>&nbsp;Plenary Previous Meetings. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I><U>Ordinary Previous Meetings
</U></I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.4.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Ordinary Previous Meetings shall be held <B>(i)</B>&nbsp;quarterly, <B>(ii) </B>prior to any General
Shareholders&#146; Meeting, and <B>(iii)</B><B></B>&nbsp;whenever requested by Original Shareholders, pursuant to the terms of Section&nbsp;3.10.1. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.5.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the Ordinary Previous Meetings preceding a General Shareholders&#146; Meeting, it shall be decided the voting
instructions for the Holdings, the Usufructuaries, and for those holding Free Shares in regard to all matters included in the agenda of the General Shareholders&#146; Meeting, except for matters to be decided by a Plenary Previous Meeting, as
provided for in Section&nbsp;3.15. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.6.</B>&nbsp;&nbsp;&nbsp;&nbsp;Only the following Holdings Partners shall have the right to vote in the Ordinary
Previous Meetings: Ana Maria Levy Villela Igel, Christy Participa&ccedil;&otilde;es Ltda., Fabio Igel, Joyce Igel de Castro Andrade, Lucio de Castro Andrade Filho, M&aacute;rcia Igel Joppert, Paulo Guilherme Aguiar Cunha, Pedro Wongtschowski,
Rog&eacute;rio Igel, Bettina Igel Hoffenberg, Jennings Luis Igel Hoffenberg and Pedro Igel de Barros Salles (all jointly referred to as &#147;<U>Original Shareholders</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>3.6.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;Keeping the condition of &#147;Original Shareholder&#148; for the purposes of this Agreement shall be
subject to: <B>(i)</B><B></B>&nbsp;the Original Shareholder keeping without interruption, directly or indirectly, and individually or jointly with permitted assignees as per Section&nbsp;4.5 of this Agreement, voting rights on shares or quotas of
the capital stock of the Holdings (&#147;<U>Holding Shares or Quotas</U>&#148;) corresponding to at least four percent (4%) of the Bound Shares; <U>or</U> <B>(ii)</B><B></B>&nbsp;the Original Shareholder that as of the date of execution of this
Agreement holds an amount of voting rights lower than the limit set forth in item (i)&nbsp;of this Section&nbsp;3.6.1 not Disposing any Holding Shares or Quotas. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>3.6.2.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event of death or dissolution of an Original Shareholder, the respective heirs or successors, as
applicable, may appoint one of them to replace him/her/it in the capacity as Original Shareholder, provided that, cumulatively, <B>(i)</B><B></B>&nbsp;such substitute has been designated by heirs or successors holding at least the majority of the
Holding Shares or Quotas previously held by the Original Shareholder; and <B>(ii)</B><B></B>&nbsp;the substitute, jointly with the heirs or successors who designated him/her/it, keep, directly or indirectly, voting rights on Holding Shares or Quotas
corresponding to at least four percent (4%) of the Bound Shares. </P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>3.6.3.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event an Original Shareholder make a transfer of
Holding Shares or Quotas to a permitted person pursuant to the terms of the Holdings&#146; corporate documents, as set forth in Section&nbsp;4.5 below, the Original Shareholder may appoint such person to become an Original Shareholder in his/her/its
place, provided that such person satisfies the requirements set forth in Section&nbsp;3.6.1(i) above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.7.</B>&nbsp;&nbsp;&nbsp;&nbsp;The resolutions
in the Ordinary Previous Meetings shall be approved by majority of votes, and each Original Shareholder indirectly holding <B>(i)</B>&nbsp;up to twenty percent (20%) of the Bound Shares shall have one (1)&nbsp;vote; and <B>(ii)</B>&nbsp;from twenty
percent (20%) up to thirty-five percent (35%) of the Bound Shares shall have two (2)&nbsp;votes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.8.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event
<B>(i)</B>&nbsp;any Original Shareholder happens to indirectly hold thirty-five percent (35%) or more of the Bound Shares, or <B>(ii)</B>&nbsp;there are less than six (6)&nbsp;Original Shareholders, the resolutions in the Previous Meetings shall be
approved by majority of the votes of all Holdings Partners and Usufructuaries, provided that, in this case, the number of votes of each Holding Partner or Usufructuary shall be calculated as set forth in Section&nbsp;3.17 below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.9.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the first Ordinary Previous Meeting to be held under this Agreement, the Original Shareholders shall elect the Original
Shareholder who will chair the Ordinary Previous Meetings for the first twelve (12)&nbsp;months of this Agreement, after which term there shall be a new election for an equal period, and so forth until the termination of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>3.9.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;The first Ordinary Previous Meeting shall be held within up to sixty (60)&nbsp;days from the execution
date of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.10.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Ordinary Previous Meetings shall be called by the chairperson selected as set forth in
Section&nbsp;3.9 above, by means of a call notice to be sent to all the Original Shareholders at least five (5)&nbsp;days in advance of the date of the respective meeting. Such call notice shall contain a description of the matters included in the
agenda, as well as copies of all relevant documents necessary for a thorough knowledge and understanding of the matters included in the agenda to be resolved. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>3.10.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;Three (3)&nbsp;Original Shareholders may jointly request in writing the chairperson to call an Ordinary
Previous Meeting, indicating the respective agenda. In the event the request is not complied within up to five (5)&nbsp;days, the requesting Original Shareholders will have the right to jointly call an Ordinary Previous Meeting, provided that they
do so with an identical agenda as the one presented and subject to the time periods and procedures set forth in this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.11.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Ordinary Previous Meetings shall be held at least fifteen (15)&nbsp;days before the date scheduled for the General
Shareholders&#146; Meetings to which they relate, and shall be deemed validly convened in first call with the presence of Original Shareholders representing the majority of the votes. In the event the quorum for the Ordinary Previous Meeting to be
convened in first call is not reached, a new Ordinary Previous Meeting shall be called within up to twenty-four (24)&nbsp;hours, provided that, in that case, the meeting to be held in second call <B>(i)</B><B></B>&nbsp;shall be<B> </B>held within up
to three (3)&nbsp;days after it is called, and <B>(ii)</B>&nbsp;shall be convened with the presence of any number of Original Shareholders at the meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.12.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Ordinary Previous Meeting that precedes a General Shareholders&#146; Meeting in which its agenda includes the election
of members of Ultrapar&#146;s board of directors shall comply with the following rules: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>(I)&nbsp;&nbsp;&nbsp;&nbsp;</B>The Ordinary
Previous Meeting <B>(a)</B><B></B>&nbsp;shall resolve at least in regard to <B>(i)</B>&nbsp;the submission of a slate to run for the Company&#146;s board of directors or, alternatively, the submission of a suggested list of candidates to be
considered by Ultrapar&#146;s board of directors when preparing its slate, as provided for in the Company&#146;s <FONT STYLE="white-space:nowrap">by-laws;</FONT> <B>(ii)</B><B></B>&nbsp;the submission of a request for cumulative voting and, in that
case, on how the votes shall be allocated among the several candidates; and <B>(iii)</B><B></B>&nbsp;the voting instruction as to the number of members to be elected to the Company&#146;s board of directors; and <B>(b)</B><B></B>&nbsp;shall be
called sufficiently in advance so to allow it to be held on a date that, considering the corporate events calendar disclosed by the Company and the facts existing at the time, makes it possible for the Holdings to submit, if applicable, a suggested
list of candidates to be considered by the Board of Directors when preparing its slate; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>(II)&nbsp;&nbsp;&nbsp;&nbsp;</B>the
candidates to be appointed to Ultrapar&#146;s board of directors shall meet the following minimum and cumulative eligibility requirements: <B>(i)</B><B></B>&nbsp;have<B> </B>irreproachable reputation; <B>(ii)</B><B></B>&nbsp;not hold a position in
any company that may be deemed a competitor of the Company; <B>(iii)</B><B></B>&nbsp;not have any conflicting interests with those of the Company or of its controlled entities; <B>(iv)</B><B></B>&nbsp;be at least thirty (30)&nbsp;years of age;
<B>(v)</B><B></B>&nbsp;hold a suitable higher education degree; <B>(vi)</B><B></B>&nbsp;not use any substance that is unlawful or prohibited in Brazil or in the United States of America; and <B>(vii)</B><B></B>&nbsp;not been convicted of any crime
for which a final and <FONT STYLE="white-space:nowrap">non-appealable</FONT> judgment has been rendered. </P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.13.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Original Shareholders shall exercise their voting rights in the Ordinary
Previous Meeting so to ensure that the directors appointed by the Holdings, by the Holdings Partners, or by the Usufructuaries represent the largest possible number of members to be elected to Ultrapar&#146;s board of directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.14.</B>&nbsp;&nbsp;&nbsp;&nbsp;Original Shareholders representing the majority of votes in an Ordinary Previous Meeting may decide to submit any matter
included in the agenda to a resolution to be taken at a Plenary Previous Meeting. In that event, the chairperson shall call the Plenary Previous Meeting to resolve on such matter within up to twenty-four (24)&nbsp;hours, subject to the other call
notice time periods for calling Plenary Previous Meetings. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I><U>Plenary Previous Meetings </U></I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.15.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Plenary Previous Meetings shall be held prior to any General Shareholders&#146; Meeting in which its agenda includes
any of the following matters:<SUP STYLE="font-size:85%; vertical-align:top"> </SUP> </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 style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>(i)</B></TD>
<TD ALIGN="left" VALIGN="top">amendment to Ultrapar&#146;s <FONT STYLE="white-space:nowrap">by-laws;</FONT> </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 style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>(ii)</B></TD>
<TD ALIGN="left" VALIGN="top">change to the rights attached to the shares issued by Ultrapar; </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 style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>(iii)</B></TD>
<TD ALIGN="left" VALIGN="top">merger (amalgamation), merger, merger of shares, or <FONT STYLE="white-space:nowrap">spin-off</FONT> involving Ultrapar; and </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 style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>(iv)</B></TD>
<TD ALIGN="left" VALIGN="top">acquisition or disposal of assets by Ultrapar and its controlled entities, as long as subject to a resolution of the General Shareholders&#146; Meeting. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Plenary Previous Meetings shall also be held whenever necessary in order to resolve on: </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 style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>(v)</B></TD>
<TD ALIGN="left" VALIGN="top">the appointment of an Original Shareholder&#146;s Representative, as set forth in Section&nbsp;3.24; and </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 style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>(vi)</B></TD>
<TD ALIGN="left" VALIGN="top">any matters submitted to it according to a resolution passed in an Ordinary Previous Meeting, as set forth in Section&nbsp;3.14 above. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.16.</B>&nbsp;&nbsp;&nbsp;&nbsp;All Holdings Partners and Usufructuaries entitled to voting rights in the Holdings shall have the right to vote in the
Plenary Previous Meetings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.17.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the Plenary Previous Meetings, the number of votes of each Holding Partner or
Usufructuary shall be equal to the number of Bound Shares corresponding to the Holding Shares or Quotas the Holding Partner or Usufructuary is entitled to voting rights. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.18.</B>&nbsp;&nbsp;&nbsp;&nbsp;Subject to the provisions of Section&nbsp;3.24(iv) below, resolutions shall be passed in Plenary Previous Meetings by the
affirmative vote of at least <FONT STYLE="white-space:nowrap">sixty-six</FONT> percent (66%) of the total number of votes of all Holdings Partners and Usufructuaries attending and not attending the Previous Meeting, calculated as set forth in
Section&nbsp;3.17 of this Agreement (&#147;<U>Total Votes</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.19.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Original Shareholder entitled to chair the
Ordinary Previous Meetings as set forth in this Agreement shall also chair the Plenary Previous Meetings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.20.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Plenary
Previous Meetings shall be called by the chairperson by means of a call notice to be sent to all Holdings Partners at least five (5)&nbsp;days in advance of the date of the respective meeting. Such call notice shall contain a description of the
matters included in the agenda, as well as copies of all relevant documents necessary for a thorough knowledge and understanding of the matters included in the agenda to be resolved in the Plenary Previous Meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.21.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Plenary Previous Meetings shall be held at least seven (7)&nbsp;days before the date scheduled for the General
Shareholders&#146; Meetings to which they relate, and shall be deemed validly convened with the presence of holders of <FONT STYLE="white-space:nowrap">sixty-six</FONT> percent (66%) of the Total Votes. In the event such quorum is not reached, a new
Plenary Previous Meeting shall be called within up to twenty-four (24)&nbsp;hours so that the meeting in second call is held at least three (3)&nbsp;days in advance of the date of the corresponding General Shareholders&#146; Meeting. In case the
quorum set forth in this Section is not reached, the provisions of Section&nbsp;3.2 above shall apply. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>3.21.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;In case the only matter in the agenda of a given Ordinary Previous Meeting is to resolve on item
(v)&nbsp;of Section&nbsp;3.15, such meeting shall be held within up to ten (10)&nbsp;days from the date it was requested to be called, subject to the remaining provisions of Sections 3.20 and 3.21 above. </P>
<P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I><U>Common provisions concerning Ordinary Previous Meetings and Plenary Previous Meetings </U></I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.22.</B>&nbsp;&nbsp;&nbsp;&nbsp;Except if otherwise agreed by the Original Shareholders, the Holdings Partners and the Usufructuaries, as applicable, the
Ordinary Previous Meetings and the Plenary Previous Meetings shall be held at Ultra&#146;s headquarters. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.23.</B>&nbsp;&nbsp;&nbsp;&nbsp;Any Original
Shareholder that is not an individual shall be represented in the Ordinary Previous Meetings by a legal representative who is an individual and also a partner, directly or indirectly, of the respective Original Shareholder <B>(i)</B>&nbsp;on the
execution date of this Agreement, or <B>(ii)</B>&nbsp;who becomes a partner, directly or indirectly, of such Original Shareholder by means of a permitted transfer made in accordance to this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.24.</B>&nbsp;&nbsp;&nbsp;&nbsp;Any Original Shareholder that satisfies the requirements set forth in item (i)&nbsp;of Section&nbsp;3.6.1 shall be allowed
to appoint a representative (&#147;<U>Representative</U>&#148;) to represent him/her/it in the Ordinary Previous Meetings, provided that such Representative meets all the following cumulative requirements: <B>(i)</B><B></B>&nbsp;have<B>
</B>irreproachable reputation; <B>(ii)</B><B></B>&nbsp;not hold a position in any company that may be deemed a competitor of Ultrapar; <B>(iii)</B><B></B>&nbsp;not have any conflicting interests with those of Ultrapar; <B>(iv)</B><B></B>&nbsp;no<B>
</B>objection is made to such Representative by holders of 75% or more of the votes in a Plenary Previous Meeting; and <B>(v)</B>&nbsp;the power of attorney granted to the Representative has a minimum period of two (2)&nbsp;years; provided, however,
in any event, that, if the appointed Representative happens to be, on the date hereof, already a Holding Partner or Usufructuary, the possibility of the objection set forth in item (iv)&nbsp;above shall not apply. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.25.</B>&nbsp;&nbsp;&nbsp;&nbsp;Each Holding Partner shall be allowed to appoint an attorney in fact to represent him/her/it in the Plenary Previous
Meetings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.26.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event any General Shareholders&#146; Meeting includes in its agenda matters that are subject to both
the Ordinary Previous Meeting and the Plenary Previous Meeting, both meetings shall be held successively in that order, subject to the provisions of this Section Three. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.27.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Holdings Partners and the Usufructuaries hereby undertake, on their own behalf and on behalf of their Representatives,
not to disclose any confidential information related to Ultrapar&#146;s businesses and activities that may be discussed in any Ordinary Previous Meeting or Plenary Previous Meeting, and also undertake to strictly comply with any restrictions set
forth in the law or regulations applicable to securities trading as a result of their knowledge of such information. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3.28.</B>&nbsp;&nbsp;&nbsp;&nbsp;A call notice shall not be required for any Previous Meeting attended by all Holdings Partners and Usufructuaries with
voting rights in that meeting, or their Representatives, and, in this case, the meeting shall be deemed validly convened. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECTION FOUR
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RESTRICTIONS ON DISPOSALS AND ENCUMBRANCES </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>4.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Parties hereby undertake not to Dispose of or Encumber any Bound Shares in breach of the provisions of this Agreement,
provided that any disposal or encumbrance of Bound Shares in breach of the provisions of this Agreement shall be deemed null and void. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>4.1.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;For the purposes of this Agreement, <B>(i) </B>&#147;<U>Encumber</U>&#148; shall mean to create any
encumbrance, pledge, security interest, claim, lease, charge, option, preemptive right, restriction on transfers pursuant to the terms of any shareholders&#146; agreement or similar agreement, lien, or any other restriction or limitation of any
nature affecting the free and unrestricted title to the Bound Shares or that otherwise creates obstacles of any nature to their disposal, at any time; and <B>(ii) </B>&#147;<U>Dispose of</U>&#148; shall mean any assignment of, transfer of, or sale
of, or contribution to the capital stock with, Bound Shares, whether directly or indirectly and whether free of charge or for valuable consideration. Any corporate transactions involving the Holdings that result in an indirect transfer of Bound
Shares to a third party shall be deemed a &#147;Disposal&#148; for the purposes of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>4.1.2.</B>&nbsp;&nbsp;&nbsp;&nbsp;The restrictions on Disposals and Encumbrances of Bound Shares shall also apply to any other securities
convertible into or exchangeable for Bound Shares, as well as to subscription rights, whether or not represented by securities. </P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>4.2.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Holdings hereby represent that they are the lawful owners of all Bound
Shares, which are free and clear of any encumbrance, lien, sale commitment, call option, bond, trust, fiduciary assignment, usufruct, or any other <I>in rem</I> right of fruition or other security interest, except for the ones that are of knowledge
of the Parties on the date hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>4.3.</B>&nbsp;&nbsp;&nbsp;&nbsp;It shall be prohibited for any Holding to Encumber any Bound Shares without the
prior express consent of the other Holding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>4.4.</B>&nbsp;&nbsp;&nbsp;&nbsp;In order to provide stability to the block of signatory shareholders and
to protect the rights agreed in this Agreement, the Ultra Partners, with respect to the shares issued by Ultra, and the Parth Partners, with respect to the quotas comprising Parth&#146;s capital stock, shall only have the right to Dispose of or
Encumber their respective equity stakes in the Holdings provided that, first, they comply with the rules and conditions set forth in the corporate documents and shareholders&#146; or quotaholders&#146; agreements of the Holdings, and, second, if it
is still the case, with the provisions of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>4.5.</B>&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the provisions of Section&nbsp;1.3 of this
Agreement, the Holdings Partners and the Usufructuaries hereby undertake to reflect the restrictions on Disposals or Encumbrances of the Bound Shares referred to in this Section Four in the relevant corporate documents of the Holdings; provided,
however, that the corporate documents and shareholders&#146; or quotaholders&#146; agreements of the Holdings may provide for exceptions to the rules on restrictions on Disposals and Encumbrances of any equity stake in the Holdings exclusively in
the following cases: <B>(a)</B><B></B>&nbsp;whenever such Disposal or Encumbrance is <B>(i)</B><B></B>&nbsp;between ascendants, descendants, or spouses; <B>(ii)</B><B></B>&nbsp;to holding companies which capital stock is wholly owned by the Holding
Partner or by its respective ascendants, descendants, or spouses, and, if applicable; <B>(iii)</B><B></B>&nbsp;between a Holding Partner and the respective partners holding a stake in it, including in the case of dissolution of such Holding Partner;
and <B>(b)</B><B></B>&nbsp;provided that such persons, without any restriction or condition, adhere to this Agreement in the capacity as Holding Partner or Usufructuary, as the case may be. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECTION FIVE </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RIGHT OF
FIRST REFUSAL ON BOUND SHARES </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>5.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;During the effective term of this Agreement, in the event either Holding intends to
directly or indirectly Dispose of any Bound Shares (&#147;<U>Offering Shareholder</U>&#148;) to a person who is not a signatory of this Agreement, it shall first offer such Bound Shares (&#147;<U>Offered Shares</U>&#148;) to the other Holding
(&#147;<U>Offered Shareholder</U>&#148;) upon delivery of a specific notice, a full copy of which shall be immediately forwarded by the Offered Shareholder to each Holding Partner holding a stake therein (&#147;<U>Notice of Offer</U>&#148;). The
Offered Shareholder shall have the right of first refusal to acquire the Offered Shares under the same terms and conditions as offered to the Offering Shareholder, within thirty (30)&nbsp;days from receipt of the Notice of Offer (&#147;<U>Right of
First Refusal</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>5.2.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Notice of Offer shall: <B>(i)</B><B></B>&nbsp;specify the name and full qualification of
whoever is interested in acquiring the Offered Shares (&#147;<U>Offeror</U>&#148;), identifying, if it is a legal entity, its controlling or main shareholders, up to the level of the individuals; <B>(ii)</B><B></B>&nbsp;inform the number of Offered
Shares and the total price and the price per share, in domestic currency; <B>(iii)</B><B></B>&nbsp;detail the payment conditions of the proposed Disposal; and <B>(iv)</B><B></B>&nbsp;be followed by a copy of the offer or equivalent document
presented by the Offeror (&#147;<U>Offer</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>5.3.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event the Offered Shareholder decides to exercise the
Right of First Refusal and acquire the Offered Shares (&#147;<U>Accepting Shareholder</U>&#148;), it shall communicate to the Offering Shareholder within thirty (30)&nbsp;days from the date of receipt of the Notice of Offer (&#147;<U>Exercise
Period</U>&#148;) its irrevocable and irreversible decision to exercise the Right of First Refusal to acquire the Offered Shares (&#147;<U>Notice of Exercise of Right of First Refusal</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>5.4.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event the Offered Shareholder exercises the Right of First Refusal, such acquisition shall be consummated in the
exact terms of the Notice of Offer, within thirty (30)&nbsp;days from the Notice of Exercise of the Right of First Refusal, upon the execution of a Share Transfer Order &#150; STA (<I>Ordem de Transfer&ecirc;ncia de A&ccedil;&otilde;es &#150;
OTA</I>) to the entity in charge of the Company&#146;s book entry shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>5.5.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event the Offered Shareholder does
not exercise the Right of First Refusal, and subject to the Tag Along Right and the Holding Partner&#146;s Tag Along Right, as defined in Section Seven below, the Offering Shareholder may, at its discretion and within thirty (30)&nbsp;days from the
end of the Exercise Period, Dispose of the Offered Shares to the Offeror in the exact terms of the Offer; provided that, in the event the proposed Disposal is not consummated within such period, any Disposal shall require the Offering Shareholder to
execute once again the whole procedure described in this Section Five, subject to the provisions of Section Seven of this Agreement. </P> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECTION SIX </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RIGHT OF FIRST REFUSAL IN CASE OF ATTACHMENT </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>6.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event any Bound Shares owned by one of the Holdings suffer an Attachment (&#147;<U>Attached Shares</U>&#148;), such
Holding shall notify the other Holding so to inform the Attachment on Bound Shares held by it within up to five (5)&nbsp;days from the date that such Holding is informed of the Attachment (&#147;<U>Notice of Attachment</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>6.1.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;For the purposes of this Agreement, &#147;<U>Attachment</U>&#148; shall mean an attachment
(<I>penhora</I>), sequestration (<I>arresto</I>), or any other form of lien by means of which any Bound Shares are subject to a possible disposal in order to enforce a guarantee in favor of a creditor or a group of creditors, current or future. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>6.2.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Notice of Attachment shall be accompanied by: <B>(i)</B><B></B>&nbsp;a copy of the court order or equivalent decision
ordering the Attachment; <B>(ii)</B><B></B>&nbsp;documents showing the existence, the terms, and the balances of the obligation or Encumbrance giving rise to the Attachment, including a legal brief or other request submitted by whoever has requested
the Attachment; and <B>(iii)</B><B></B>&nbsp;any other document or information that may be necessary to exercise the right of first refusal set forth herein, including the current value of the obligation or cost whose payment is required in order to
lift the Attachment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>6.3.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Holding that owns the Attached Shares shall have sixty (60)&nbsp;days to release such
Attached Shares. In the event the Attached Shares are not released within such term, the other Holding shall have the right of first refusal to acquire the Attached Shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>6.4.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event the other Holding decides to exercise the right of first refusal referred to in Section Six and acquire the
Attached Shares, it shall notify the Holding that owns the Attached Shares within up to thirty (30)&nbsp;days from the end of the period referred to in Section&nbsp;6.3 above informing it of its irrevocable and irreversible decision to exercise the
right of first refusal to acquire the Attached Shares (&#147;<U>Notice of Exercise of Right of First Refusal on Attached Shares</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>6.5.</B>&nbsp;&nbsp;&nbsp;&nbsp;The exercise price for the acquisition of the Attached Shares shall be equal to the average price of the Ultrapar shares at
B3 S.A. &#150; Brasil, Bolsa e Balc&atilde;o during the ninety (90)&nbsp;days preceding the date of the Notice of Exercise of Right of First Refusal on Attached Shares (&#147;<U>Acquisition Price of Attached Shares</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>6.6.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Holding exercising the right of first refusal referred to in this Section Six shall be vested with all powers to,
including in the form and within the term provided for in the procedural law, request the replacement of the Attached Shares by a deposit in cash (&#147;<U>Deposit</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>6.7.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event the Deposit required to lift the Attachment is in a higher amount than the Acquisition Price of the Attached
Shares, the Holding that originally owned the Attached Shares shall be required to pay the balance between the value of the Deposit and the Acquisition Price of the Attached Shares to the Holding exercising its right of first refusal, in domestic
currency, within five (5)&nbsp;days from the date of the Deposit. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>6.8.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event the Deposit required to lift the
Attachment is in a lower amount than the Acquisition Price of the Attached Shares, the Holding exercising the right of first refusal shall pay the balance to the Holding that originally owned the Attached Shares, in domestic currency, within five
(5)&nbsp;days from the date of the Deposit. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>6.9.</B>&nbsp;&nbsp;&nbsp;&nbsp;The transfer of ownership and title to the Attached Shares shall be
effected by means of the execution of a Share Transfer Order &#150; STA (<I>Ordem de Transfer&ecirc;ncia de A&ccedil;&otilde;es &#150; OTA</I>) to the entity in charge of the Company&#146;s book entry shares. </P>
<P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECTION SEVEN </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TAG ALONG RIGHT </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>7.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;Alternatively to the Right of First Refusal provided for in Section Five above, the Offered Shareholder shall have the right
to Dispose of the Bound Shares held by it jointly with the Offering Shareholder (&#147;<U>Tag Along Right</U>&#148;), in the following events and by the following means: </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 style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>(i)</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B>In the event that <B>(a)</B><I></I>&nbsp;the Offered Shares, as per the Notice of Offer, correspond to twenty-five percent (25%) or more of the Bound Shares held by the Offering Shareholder, and
<B>(b)</B><I></I>&nbsp;the Offering Shareholder has not Disposed of any Bound Shares during the twelve (12)&nbsp;months preceding the date of the Notice of Offer (&#147;<U>Period</U>&#148;), the Offered Shareholder shall have the right to Dispose of
Bound Shares held by it, and the Offeror shall be obliged to acquire such shares, for the same price per share and under the same payment conditions as set out in the Notice of Offer (&#147;<U>Offer Price</U>&#148;), being the lot of Bound Shares to
be Disposed of to the Offeror formed by Bound Shares of the Offering Shareholder and Bound Shares of the Offered Shareholder, calculated <I>pro rata </I>to their respective stakes in the total number of Bound Shares (&#147;<U>Shares to be Jointly
Disposed of</U>&#148;); and </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 style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>(ii)</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B>In the event, however, that <B>(a)</B>&nbsp;the Offering Shareholder has Disposed of Bound Shares in the Period; and <B>(b)</B>&nbsp;the Offered Shares, as per the Notice of Offer, plus the Bound Shares already
Disposed of by the Offering Shareholder in the Period (&#147;<U>Total Disposed of Shares</U>&#148;), correspond to twenty-five percent (25%) or more of the Bound Shares held by the Offering Shareholder on the date of the Notice of Offer of the first
Disposal of Bound Shares effected in the Period (&#147;<U>Percentage of the Total Disposed of Shares</U>&#148;), then: </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman"><B>(y)</B><I>&nbsp;&nbsp;&nbsp;&nbsp;</I>the Offered Shareholder shall have the right to Dispose of to the Offeror, and the Offeror shall be
obliged to acquire, in addition to the Offered Shares, the number of Bound Shares held by the Offered Shareholder on the date of the Notice of Offer corresponding to the Percentage of the Total Disposed of Shares (&#147;<U>Bound Shares to be Added
to the Sale</U>&#148;); and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman"><B>(z)</B><I>&nbsp;&nbsp;&nbsp;&nbsp;</I>the Bound Shares to be Added to the Sale shall be acquired by the
Offeror in a lump sum and for the Offer Price or for the higher Disposal price paid to the Offering Shareholder during the Period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>7.1.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;The provisions of Section&nbsp;7.1(ii) above shall apply irrespective of the Tag Along Right or of the
Holding Partner&#146;s Tag Along Right having already been ensured or exercised by the Offered Shareholder or by the Partners of the Offered Shareholder in the Period, provided that, in the event they have already exercised such right and Disposed
of any Bound Shares, such Offered Shareholder or its Partners, in that case, shall have the right to Dispose of to the Offeror, in addition to the Offered Shares, the number of Bound Shares corresponding to the percentage of Bound Shares to be
Disposed of by the Offering Shareholder as per the last Notice of Offer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>7.2.</B>&nbsp;&nbsp;&nbsp;&nbsp;The exercise of the Tag Along Right shall be
formalized by means of a notice to be sent to the Offering Shareholder within up to twenty (20)&nbsp;days from the date of receipt of the Notice of Offer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>7.3.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event the Offered Shareholder does not exercise its Tag Along Right within the term provided for in Section&nbsp;7.2
above, each Holding Partner holding a direct stake in the Offered Shareholder shall have the right to Dispose of to the Offeror a number of Bound Shares indirectly held by it to be calculated by applying the percentage of its equity stake in such
Holding on the number of Shares to be Jointly Disposed of or on the Bound Shares to be Added to the Sale, as the case may be (&#147;<U>Holding Partner&#146;s Tag Along Right</U>&#148;). The Holding Partner&#146;s Tag Along Right may be exercised up
to the end of the Exercise Period referred to in Section&nbsp;5.3 above, by means of a notice to be sent to the Offered Shareholder <B>(i)</B>&nbsp;informing of the irrevocable and irreversible exercise of the Holding Partner&#146;s Tag Along Right,
as well as the number of shares issued by Ultrapar such Holding Partner actually intends to Dispose once the Migration, as defined in Section Nine of this Agreement, is implemented; and <B>(ii)</B><B></B>&nbsp;presenting a copy of the Migration
Notice referred to in Section&nbsp;9.2 of this Agreement (&#147;<U>Notice of Exercise of Holding </U><U>Partner&#146;s Tag Along Right</U>&#148;). Not later than three (3)&nbsp;days after the end of the Exercise Period, the Offered Shareholder shall
inform to the Offering Shareholder which of the Holdings Partners have exercised the Holding Partner&#146;s Tag Along Right and how many shares each one shall be entitled, and each Holding shall forward such information forthwith to their respective
Holding Partners. The Offered Shareholder shall also forward to the Offering Shareholder copies of all Notices of Exercise of Holding Partner&#146;s Tag Along Right it may have received. </P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>7.4.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event of exercise of a Holding Partner&#146;s Tag Along Right, the lot
of Offered Shares to be Disposed of to the Offeror shall be formed by the Offering Shareholder&#146;s Bound Shares and by the shares issued by Ultrapar that the Holding Partner shall receive as a result of the applicable Migration, subject to the
provisions of Sections 7.1(i), 7.1(ii), and 7.1.1. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>7.4.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Offering Shareholder shall wait until the end
of the time periods necessary to implement the Migration requested by a Holding Partner so to allow the Disposal of Bound Shares object of the Offer to be implemented jointly with the disposal of the shares issued by Ultrapar to be disposed of by
the Holding Partner due to the exercise of the Holding Partner&#146;s Tag Along Right, subject to a maximum period of ninety (90)&nbsp;days from the date the Notices of Exercise of Holding Partner&#146;s Tag Along Right were sent by the Offered
Shareholder to the Offering Shareholder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>7.5.</B>&nbsp;&nbsp;&nbsp;&nbsp;The disposal of shares issued by Ultrapar by the Offered Shareholder or by a
Holding Partner as a result of the exercise of the Tag Along Right or of the Holding Partner&#146;s Tag Along Right, as applicable, shall be effected by means of the execution of a Share Transfer Order &#150; STA (<I>Ordem de Transfer&ecirc;ncia de
A&ccedil;&otilde;es &#150; OTA</I>) to the entity in charge of the Company&#146;s book entry shares, and they shall not be required to enter into any share purchase and sale agreement, to offer guarantees, or to undertake any other obligations that
the Offering Shareholder may have agreed or may agree in the future with the Offeror. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>7.6.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event the Tag Along Right
or the Holding Partner&#146;s Tag Along Right are not exercised, the Offered Shareholder may Dispose of the Offered Shares to the Offeror pursuant to the terms and subject to the conditions set forth in Section&nbsp;5.5 above. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECTION EIGHT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RIGHT OF
FIRST REFUSAL ON HOLDINGS SHARES AND QUOTAS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>8.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;The corporate documents of each Holding shall provide for
<B>(i)</B><B></B>&nbsp;a first degree right of first refusal, that is, each Holding Partner&#146;s right of first refusal in the event of a direct or indirect disposal of shares or quotas of the Holding in which it has a stake (&#147;<U>First Degree
Right of First Refusal</U>&#148;); <B>(ii) </B>rules for the admission of third parties, directly and indirectly, as partner or shareholder of the Holding, provided that such documents shall impose as a condition of admission that any third parties
adhere to this Agreement in the capacity as Holding Partner, without any restriction or condition; and further, <B>(iii)</B><B></B>&nbsp;rules according to which, in the event the First Degree Right of First Refusal and the Second Degree Right of
First Refusal, as defined in Section&nbsp;8.2 below, are not exercised, the Migration will be mandatory, as set forth in Section Nine below, in order to ensure that the stake to be disposed of by the Holding Partner to a third party is always
implemented by the delivery of shares issued by Ultrapar corresponding to the shares object of the right of first refusal, except if the admission of a third party as partner or shareholder of the Holding is approved as per the rules referred to in
item (ii)&nbsp;of this Section&nbsp;8.1. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>8.2.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event the Holding Partner (&#147;<U>Offering Partner</U>&#148;)
intends to directly or indirectly Dispose of <U>Holding Shares or Quotas</U>, and its respective partners in that Holding do not exercise their First Degree Right of First Refusal, then the Offering Partner shall offer to the Partners of the other
Holding (&#147;<U>Offered Partners</U>&#148;), by means of a notice (&#147;<U>Notice of Offer from Holding Partner</U>&#148;), the right of first refusal to acquire all shares issued by Ultrapar corresponding to the Holding Shares or Quotas of which
it intends to Dispose of and that have been subject to the First Degree Right of First Refusal (&#147;<U>Offered Indirect Stake</U>&#148;), within thirty (30)&nbsp;days (&#147;<U>Second Degree Right of First Refusal</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>8.3.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Notice of Offer from Holding Partner shall: <B>(i)</B><B></B>&nbsp;specify the name and full qualification of whoever
is interested in acquiring the Offered Indirect Stake (&#147;<U>Potential Acquirer</U>&#148;), identifying, if it is a legal entity, its controlling or main shareholders, up to the level of the individuals; <B>(ii)</B><B></B>&nbsp;inform the number
of shares issued by Ultrapar comprised in the Offered Stake and the proportion such number represent of Ultrapar&#146;s capital stock, as well as the total price and the price per share, in domestic currency, and the payment due date; and
<B>(iii)</B><B></B>&nbsp;be accompanied by a copy of the offer or equivalent document presented by the Potential Acquirer (&#147;<U>Indirect Stake Offer</U>&#148;). The Offering Partner shall send the Notice of Offer from Holding Partner to the
Holding in which it holds a stake, which shall deliver it forthwith to the other Holding, which in turn shall send a full copy of the Notice of Offer from Holding Partner to each Holding Partner holding a stake in it. </P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>8.4.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event any Offered Partner decides to exercise the Second Degree Right
of First Refusal to acquire the Offered Indirect Stake (&#147;<U>Accepting Partner</U>&#148;), it shall notify the Holding in which it holds a stake within thirty (30)&nbsp;days from the date of receipt by such Holding of the Notice of Offer from
Holding Partner (&#147;<U>Exercise Period of the Second Degree Right of First Refusal</U>&#148;), informing of the irrevocable and irreversible exercise of the Second Degree Right of First Refusal to acquire the whole Offered Stake (&#147;<U>Notice
of Exercise of Second Degree Right of First Refusal</U>&#148;). Not later than three (3)&nbsp;days after the end of the Exercise Period of the Second Degree Right of First Refusal, the Offered Partners&#146; Holding shall inform to the other Holding
the Holdings Partners which have exercised the Second Degree Right of First Refusal and how many shares each one shall be entitled, and each Holding shall forward such information forthwith to their respective Holdings Partners. The Offered
Partners&#146; Holding shall also forward to the other Holding copies of all Notices of Exercise of Holding Partner&#146;s Tag Along Right it may have received. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>8.5.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event that more than one Offered Partner exercises the Second Degree Right of First Refusal, the Offered Stake shall
be shared among the Accepting Partners <I>pro rata</I> to each Accepting Partner&#146;s stake in the capital stock of the respective Holding, without considering the stakes of those Offered Partners which have not exercised the Second Degree Right
of First Refusal. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>8.6.</B>&nbsp;&nbsp;&nbsp;&nbsp;The acquisition of the Offered Stake shall be effected by means of the following steps:
<B>(i)</B><B></B>&nbsp;transfer to the Offering Partner by the Holding in which it has a stake of shares issued by Ultrapar corresponding to the Offered Indirect Stake; <B>(ii)</B><B></B>&nbsp;acquisition of shares issued by Ultrapar in the exact
terms of the Notice of Offer from Holding Partner within thirty (30)&nbsp;days from the Notice of Exercise of Second Degree Right of First Refusal, upon the execution of a Share Transfer Order &#150; STA (<I>Ordem de
Transfer</I><I>&ecirc;</I><I>ncia de A</I><I>&ccedil;</I><I>&otilde;</I><I>es &#150; OTA</I>) to the entity in charge of the Company&#146;s book entry shares; and <B>(iii)</B><B></B>&nbsp;capital increase of the Holding of which the Accepting
Partner is a partner in order for such Holding Partner to contribute with the acquired Ultrapar shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>8.6.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;Each Holding Partner hereby undertakes <B>(i)</B>&nbsp;to approve the capital increase of the Holding of
which it is a partner in order to comply with the provisions of Section&nbsp;8.6 above; and <B>(ii)</B><B></B>&nbsp;not to exercise the preemptive right to which it will be entitled by virtue of such capital increase. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>8.7.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event the Second Degree Right of First Refusal is not exercised by any Offered Partner, the Offering Partner may, at
its discretion, within thirty (30)&nbsp;days from the end of the Exercise Period of the Second Degree Right of First Refusal, dispose of the Offered Indirect Stake to the Potential Acquirer in the exact terms of the Offer, except if the Potential
Acquirer has been admitted as partner or shareholder of the Holding, in which case the disposal shall entail the transfer of the Holding Shares or Quotas. In any event, if the proposed disposal is not consummated within the thirty <FONT
STYLE="white-space:nowrap">(30)-day</FONT> period referred to in this Section&nbsp;8.7, any Disposal of Offered Indirect Stake shall require the Offering Partner to execute once again the whole procedure described in this Section Eight, subject
first to the First Degree Right of First Refusal. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>8.8.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event any tag along right on Holding Shares or Quotas,
established for the benefit of a Holding Partner in the Holdings&#146; corporate documents, is exercised, then the Offering Partner shall, in the Notice of Offer from Holding Partner, inform the number of Holding Shares or Quotas owned by each
Holding Partner that is included in the Offered Indirect Stake, in order to allow the identification of each Holding Partner that will dispose of a <I>pro rata</I> portion of the Offered Indirect Stake. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECTION NINE </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MIGRATION
RIGHT </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>9.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Holdings Partners shall be allowed to swap their direct stakes in the Holdings&#146; capital stock for
shares issued by Ultrapar, as provided for and according to the legal form established in the Holdings&#146; corporate documents, subject to the provisions of this Section Nine (&#147;<U>Migration</U>&#148;). The shares issued by Ultrapar that the
Holding Partner shall receive as a result of the Migration shall be deemed Free Shares for the purposes of this Agreement, except in the case of a Migration of the whole stake held by a Holding Partner, which, in that event, will no longer be a
signatory of this Agreement and shall no longer be bound by the terms and conditions of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>9.2.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Holding
Partner that wants to proceed with a Migration shall first notify the Holding in which he/she/it holds a stake informing of the exercise of the Migration right and formalizing a swap offer informing <B>(i)</B><B></B>&nbsp;the number of shares or
quotas of the Holding&#146;s capital stock that he/she/it intends to swap; <B>(ii)</B><B></B>&nbsp;the corresponding number of shares issued by Ultrapar (&#147;<U>Migration Notice</U>&#148;). The Holding shall forward a full copy of the Migration
Notice forthwith to each Holding Partner holding a stake in it. </P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>9.3.</B>&nbsp;&nbsp;&nbsp;&nbsp;Within up to fifteen (15)&nbsp;days from the delivery of the Migration Notice,
the Holding Partner that wishes to make the swap with the Holding Partner that started the Migration shall notify the Holding informing it of his/her/its irrevocable and irreversible decision to make the swap and the number of Free Shares owned by
he/she/it that he/she/it accepts to swap. Within up to three (3)&nbsp;days after the end of such period, the Holding shall inform to all Holdings Partners holding a stake in it which Partners have expressed interest to make the swap and how many
shares or quotas each one wishes to swap. The Holding shall forward to the Holding Partner that started the Migration all notices it may have received. The swap shall be implemented within up to five (5)&nbsp;days after such communication. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>9.4.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event more than one Holding Partner accepts the swap and the number of shares issued by Ultrapar they accept to swap
exceeds, in the aggregate, the number informed in the Migration Notice, they shall participate in the swap <I>pro rata </I>to the number of shares issued by Ultrapar that each one accepted to swap.<SUP STYLE="font-size:85%; vertical-align:top">
</SUP>In the event, however, the number of shares issued by Ultrapar offered to be swapped does not reach, in the aggregate, the number informed in the Migration Notice, the Holding Partner that has started the Migration may request the Holding in
which he/she/it holds a stake to implement the Migration of the remaining portion, as set forth in Section&nbsp;9.5 below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>9.5.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event none of the Holding Partners accepts the swap, or the swap is accepted only in part as set forth in
Section&nbsp;9.4 above, the Holding in which the Holding Partner that has started the Migration has a stake shall make the swap in order to enable the migration in the exact number of shares informed in the Migration Notice. The Migration shall be
implemented by means of a swap or share repurchase, share redemption, or other form indicated in the Migration Notice, as long as it is reasonable and legal, and provided further that all the necessary measures and resolutions necessary to enable
the Migration shall be taken, including, if applicable, by the holding of a general shareholders&#146; or partners&#146; meeting of the Holding, including to resolve on the capital stock reduction if there are no profits and reserves in the
respective Holding, or by any other effective alternative for the delivery of shares issued by Ultrapar to the Holding Partner. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECTION
TEN </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ADHERENCE TO THE AGREEMENT UPON VOLUNTARY DISPOSAL OR ENCUMBRANCE </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>10.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Holdings, the Holdings Partners, and the Usufructuaries hereby agree that it shall be a condition of the validity
<B>(i)</B>&nbsp;of any Disposal of Bound Shares or Holding Shares or Quotas, <B>(ii)</B>&nbsp;of any Encumbrance of Bound Shares or Holding Shares or Quotas which results in a transfer of voting rights, as well as <B>(iii)</B>&nbsp;of rights
attached to this Agreement, that the third party adheres to the provisions of this Agreement, without any reservations or condition, to which provisions such third party shall be automatically bound, irrevocably and irreversibly, on his/hers/its own
behalf and on behalf of his/hers/its heirs and successors. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECTION ELEVEN </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ADHERENCE TO THE AGREEMENT UPON INVOLUNTARY DISPOSAL </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>11.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Holdings Partners hereby undertake to endeavor their best efforts to avoid and prevent that any Holding Shares or
Quotas held by them are transferred to his or her spouse in the event of judicial or extrajudicial separation, divorce, dissolution of <FONT STYLE="white-space:nowrap">common-law</FONT> marriage equivalent (<I>uni&atilde;o est&aacute;vel</I>), or
cohabitation (<I>concubinato</I>) and upon the distribution of his or her properties, by replacing his or her Holding Shares or Quotas with another property owned by him or her. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>11.2.</B>&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding the provision above, in the event of transfer of Bound Shares or of any Holding Shares or Quotas by a
court order, including as a consequence of a judicial distribution of assets as a result of probate proceedings or of judicial separation, divorce, <FONT STYLE="white-space:nowrap">common-law</FONT> marriage equivalent (<I>uni&atilde;o
est&aacute;vel</I>) or cohabitation (<I>concubinato</I>), bankruptcy, winding up, attachment, public or private auction, the judicial acquirer shall adhere to all terms and conditions of this Agreement, without any reservations or conditions. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECTION TWELVE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EFFECTIVE TERM AND SUCCESSORS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>12.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;This Agreement is executed in an irrevocable and irreversible capacity and shall remain in force for five (5)&nbsp;years
from the date hereof, which term may be automatically extended for an equal period, except if unilaterally terminated by either Party not later than six (6)&nbsp;months before its final term. </P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>12.2.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event this Agreement is terminated by Parth as per Section&nbsp;12.1
above, it shall remain in force between the Ultra Partners and the Usufructuaries of shares issued by Ultra, which shall remain bound to all its terms and conditions for an additional five (5)&nbsp;years from the date the Agreement was terminated;
provided that, in this case, <B>(i)</B><B></B>&nbsp;all references to &#147;Party&#148; or &#147;Parties&#148; shall apply to the Ultra Partners; and <B>(ii)</B>&nbsp;Sections Four, Five, Six, Seven, and Eight shall no longer be in force. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>12.3.</B>&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall be binding, in all its terms and conditions, on the Holdings&#146; successors and on the Holdings
Partners&#146; and Usufructuaries&#146; successors and heirs, as the case may be. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECTION THIRTEEN </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SPECIFIC PERFORMANCE </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>13.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Holdings, the Holdings Partners, and the Usufructuaries, their successors and heirs, hereby agree that the obligations
to which they are bound as a result of this Agreement are special, unique, and extraordinary, and that, in the event of breach by any party, damages would not be a suitable solution, thus this Agreement shall be an extrajudicial execution instrument
under Brazilian law and shall grant to the signatories the right to demand for specific performance in order for any party or intervening party to comply with all his/her/its obligations arising out of this Agreement, regardless of any damages or
any other legal remedy to which they may be entitled, pursuant to the law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>13.2.</B>&nbsp;&nbsp;&nbsp;&nbsp;As provided for in Section&nbsp;13.1
above, noncompliance by the Holdings, by the Holdings Partners, or by the Usufructuaries, their heirs and successors, of any of the obligations set forth in this Agreement shall entail specific performance of the obligations to do and to make a
declaration of intent, as set forth in Article 118 of Law no. 6404/76 and other applicable provisions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>13.3.</B>&nbsp;&nbsp;&nbsp;&nbsp;For the
purposes of Article 118 of Law no. 6404/76, one of the counterparts of this Agreement shall be filed, on the initiative of any of the signatories, at the headquarters of Ultrapar, Ultra, and Parth, which shall strictly comply with all its
provisions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>13.4.</B>&nbsp;&nbsp;&nbsp;&nbsp;The obligations arising out of this Agreement shall be annotated on the appropriate books of Ultrapar,
Ultra, and Parth, and, if applicable, of the financial institution in charge, which annotations shall constitute an impediment to the performance of any acts and legal actions or transaction in breach of the provisions of this Agreement.
Accordingly, those companies shall be authorized to, in such event, refuse to register such acts and legal actions or transaction and, consequently, refuse to transfer ownership or title to any rights attached to the shares and rights provided in
this Agreement, as well as, and notably, the exercise of the voting right arising from them. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>13.5.</B>&nbsp;&nbsp;&nbsp;&nbsp;In addition, the
restrictions on Disposals and Encumbrances of equity stakes referred to in this Agreement shall be annotated in the respective Ultra&#146;s Share Register Book, as per Article 40, I, combined with Sole Paragraph, of Law no. 6404/76, and, as to
Parth, they shall be expressly mentioned in its articles of association. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECTION FOURTEEN </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>APPLICABLE LAW AND DISPUTE RESOLUTION </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>14.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall be governed by and construed pursuant to the laws of the Federative Republic of Brazil. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>14.2.</B>&nbsp;&nbsp;&nbsp;&nbsp;Any omissions, doubts, disputes, conflicts, or controversies (&#147;<U>Controversy</U>&#148;) among the signatories
arising out of or related to this Agreement shall be submitted, within up to thirty (30)&nbsp;days, to a single conciliator appointed by the Parties by mutual consent, and all signatories hereby undertake to comply, without any restriction or
condition, with the decision rendered by such conciliator. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>14.3.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event there is no unanimous consent as to the
appointment of the single conciliator within the time period set forth in Section&nbsp;14.2 above, the interested party (Holdings, Holdings Partners, or Usufructuaries, as the case may be) shall submit the Controversy to a final and binding
arbitration by the Market Arbitration Chamber of B3 S.A.&#151;Brasil, Bolsa e Balc&atilde;o (&#147;<U>CAM</U>&#148;), under its arbitration rules in force on the date of the request for arbitration (&#147;<U>Rules</U>&#148;) and in accordance with
Law no. 9307/96 or any laws that may subsequently supersede it. The arbitrators shall not decide based on equity, and shall prosecute and judge the arbitration pursuant to Brazilian law. </P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">15 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>14.4.</B>&nbsp;&nbsp;&nbsp;&nbsp;The arbitral tribunal shall be formed by three arbitrators, to be appointed
according to the CAM rules. The place of the arbitration shall be the city of S&atilde;o Paulo, State of S&atilde;o Paulo, Brazil. The language of the arbitration shall be Portuguese. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>14.5.</B>&nbsp;&nbsp;&nbsp;&nbsp;The arbitral award shall be final, conclusive, and unappealable, shall be binding on the signatories, their successors and
heirs, and may be enforced before any court of competent jurisdiction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>14.6.</B>&nbsp;&nbsp;&nbsp;&nbsp;Before the arbitral tribunal is established,
any requests for urgent relief, if applicable, shall be submitted to an emergency arbitrator, as provided for in item 5.1 of the CAM Rules, as in force on the date hereof (or any provision that may supersede it). For any other court relief measure
that may be necessary, the parties hereby elect the courts of the judicial district of S&atilde;o Paulo, State of S&atilde;o Paulo, as the court of exclusive jurisdiction, waiving any others, however special or privileged they may be. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECTION FIFTEEN </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>COMMUNICATIONS AND NOTICES </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>15.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;All notices and other communications among the signatories of this Agreement shall be made in writing and sent to the
addresses in the preamble of this Agreement, by means of <B>(i)</B><B></B>&nbsp;any electronic means with proof of receipt; <B>(ii)</B><B></B>&nbsp;a<B> </B>titles and deeds registrar; or <B>(iii)</B><B></B>&nbsp;registered mail, return receipt
requested. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>15.2.</B>&nbsp;&nbsp;&nbsp;&nbsp;Until any change in the addresses indicated in the preamble is communicated to the other signatories, any
notices, communications, subpoenas, and summonses sent to those addresses shall be deemed valid and effective. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>15.3.</B>&nbsp;&nbsp;&nbsp;&nbsp;Any
notice or communication delivered to an Original Shareholder, Holding Partner, or Usufructuary that can be made in the person of a Representative shall be deemed as a notice or communication sent by the respective Original Shareholder or Holding
Partner, as applicable, that appointed him or her. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECTION SIXTEEN </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MISCELLANEOUS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>16.1.</B>&nbsp;&nbsp;&nbsp;&nbsp;Any omission by any of the signatories with respect to any noncompliance with the terms, provisions, or conditions of this
Agreement, or any failure to exercise any right set forth in this Agreement, shall not constitute waiver or affect such signatory&#146;s right to enforce them in the future, except if otherwise provided for in this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>16.2.</B>&nbsp;&nbsp;&nbsp;&nbsp;Any forbearance by any of the signatories as to any late performance by the others of the obligations undertaken under
this Agreement shall not entail novation of the covenants contained in this Agreement or waiver of the rights that are attributed to such signatory by virtue of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>16.3.</B>&nbsp;&nbsp;&nbsp;&nbsp;Any amendment or change of this Agreement shall only be made and shall only be effective upon all signatories&#146;
written consent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>16.4.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event any of the provisions of this Agreement is deemed invalid, ineffective, or
unenforceable under any aspect, the validity, effectiveness, or enforceability of the remaining provisions of this Agreement shall not be affected or impaired by such fact in any way whatsoever. The signatories shall negotiate in good faith and with
due regard to the original intention of those involved the replacement of the invalid, ineffective, or unenforceable provisions by valid provisions whose economic effect is as close as possible to the economic effect of the invalid, ineffective, or
unenforceable provisions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>16.5.</B>&nbsp;&nbsp;&nbsp;&nbsp;In the event of conflict or incompatibility among the corporate documents or other
shareholders&#146; or quotaholders&#146; agreements of the Holdings and this Agreement, the provisions of this Agreement shall prevail. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>16.6.</B>&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall be the entire agreement between its signatories and shall supersede any prior understandings,
discussions, or agreements, oral or written, with respect to the matters governed hereby. </P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">16 </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"><B>16.7.</B>&nbsp;&nbsp;&nbsp;&nbsp;The Holdings, the Holdings Partners, and the Usufructuaries shall not enter
into any other agreements or contracts to govern the matters governed by this Agreement or directly or indirectly related to the matters governed by this Agreement, except for shareholders&#146; or quotaholders&#146; agreements of the Holdings, and
provided that <B>(a)</B>&nbsp;they do not conflict with this Agreement, subject to the provisions of Section&nbsp;1.3 above, and <B>(b)</B>&nbsp;their execution is forthwith communicated by means of a notice with full copy of such agreement to be
sent to the Holdings, which shall in turn forward a full copy of such notice to their respective Holdings Partners. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>16.8.</B>&nbsp;&nbsp;&nbsp;&nbsp;All time periods set forth in this Agreement shall be counted as set forth in the Brazilian Code of Civil Procedure. For
that purpose, holidays shall be deemed any day that is a holiday in the city of S&atilde;o Paulo. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>16.9.</B>&nbsp;&nbsp;&nbsp;&nbsp;None of the
signatories shall have the right to assign or transfer the rights and obligations arising out of or related to this Agreement without the prior written consent of all the other signatories, except in the events set forth in this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Holdings, the Holdings Partners, and the Usufructuaries execute this Agreement in five (5)&nbsp;counterparts with the same form and
contents, before the two undersigned witnesses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S&atilde;o Paulo, May&nbsp;2<SUP STYLE="font-size:85%; vertical-align:top">nd</SUP>, 2018.
</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ULTRA S.A.
PARTICIPA&Ccedil;&Otilde;ES</B></P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PARTH DO BRASIL PARTICIPA&Ccedil;&Otilde;ES
LTDA.</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the capacity as intervening parties and bound by the provisions of this Agreement: </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Ultra Partners: </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ANA MARIA LEVY VILLELA IGEL</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>FABIO IGEL</B></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>M&Aacute;RCIA IGEL JOPPERT</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ROG&Eacute;RIO IGEL</B></P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>JOYCE IGEL DE CASTRO ANDRADE</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>LUCIO DE CASTRO ANDRADE FILHO</B></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PAULO GUILHERME AGUIAR CUNHA</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>PEDRO WONGTSCHOWSKI</B></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CHRISTY PARTICIPA&Ccedil;&Otilde;ES LTDA.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>By: H&eacute;lio Marcos Coutinho Beltr&atilde;o</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>H&Eacute;LIO MARCOS COUTINHO
BELTR&Atilde;O</B></P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="47%"></TD>
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<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BRUNO IGEL</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ANA ELISA ALVES CORR&Ecirc;A
IGEL</B></P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ANA PAULA DE QUEIROZ CUNHA</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>PEDRO AUGUSTO DE QUEIROZ CUNHA</B></TD></TR>
</TABLE> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">17 </P>


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


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<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>GUILHERME DE QUEIROZ CUNHA</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>EDUARDO QUEIROZ CUNHA</B></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ROBERTO DE CASTRO ANDRADE</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>BETTINA DE CASTRO ANDRADE GASPARIAN</B></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ROBERTA JOPPERT FERRAZ</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>SANDRA JOPPERT</B></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Parth Partners: </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BETTINA IGEL HOFFENBERG</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>By: Jean Pierre Roy Jr. <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">(attorney-in-fact)</FONT></FONT></B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>VENUS QUARTZ LLC</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>By: Jean Pierre Roy Jr. <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">(attorney-in-fact)</FONT></FONT></B></P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>JENNINGS LUIS IGEL HOFFENBERG</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ATHENA INTERNATIONAL INVESTMENTS LTD.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>By: Jean Pierre Roy Jr. <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">(attorney-in-fact)</FONT></FONT></B></P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PEDRO IGEL DE BARROS SALLES</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARPLEX ENTERPRISES LTD.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>By: Jean Pierre Roy Jr. <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">(attorney-in-fact)</FONT></FONT></B></P></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Usufructuaries: </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ANA MARIA LEVY VILLELA IGEL</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>JOYCE IGEL DE CASTRO ANDRADE</B></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>M&Aacute;RCIA IGEL JOPPERT</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ROG&Eacute;RIO IGEL</B></P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PEDRO IGEL DE BARROS SALLES</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>JENNINGS LUIS IGEL HOFFENBERG</B></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Witnesses: </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Name:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Name:</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">I.D.:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">I.D.:</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">CPF:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">CPF:</P></TD></TR>
</TABLE> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">18 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SIGNATURES </B></P>
<P STYLE="margin-top:6pt; 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:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: May&nbsp;02, 2018 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD WIDTH="86%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"><B>ULTRAPAR HOLDINGS INC.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</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/ Andre Pires de Oliveira Dias</P></TD></TR>
<TR STYLE="font-size:1pt">
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<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">Andre Pires de Oliveira Dias</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">Chief Financial and Investor Relations Officer</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>(Material Notice; Shareholders&#146; Agreement) </I></P>
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