<SEC-DOCUMENT>0001554855-20-000039.txt : 20200819
<SEC-HEADER>0001554855-20-000039.hdr.sgml : 20200819
<ACCEPTANCE-DATETIME>20200819084035
ACCESSION NUMBER:		0001554855-20-000039
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20200818
FILED AS OF DATE:		20200819
DATE AS OF CHANGE:		20200819

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:		201115398

	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>MainDocument.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">UNITED STATES</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">Washington, D.C. 20549</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 15pt; font-weight: bold;">Form 6-K</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">Report Of Foreign Private Issuer</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">Pursuant To Rule 13a-16 Or 15d-16 Of</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">The Securities Exchange Act Of 1934</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">For the month of </font><font style="font-family: 02lfl; font-size: 9pt;">August</font><font style="font-family: 02lfl; font-size: 9pt;">, 20</font><font style="font-family: 02lfl; font-size: 9pt;">20</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">Commission File Number: </font><font style="font-family: 02lfl; font-size: 9pt;">001-14950</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 14.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 14.5pt; font-weight: bold;">ULTRAPAR HOLDINGS INC.</font></p>
<p style="border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 0.5pt; margin: 0pt; padding-bottom: 1pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">(Translation of Registrant&#8217;s Name into English)</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Brigadeiro Luis </font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Antonio</font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;"> Avenue</font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">, 1343, 9</font><font style="font-family: 33dgm,Bold; font-size: 6pt; font-weight: bold; vertical-align: super;">th</font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;"> </font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Floor</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">S&#227;o Paulo, SP, Brazil 01317-910</font></p>
<p style="border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 0.5pt; margin: 0pt; padding-bottom: 1pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">(Address of Principal Executive Offices)</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;">Form 20-F ____<font style="text-decoration: underline;">X</font>____ &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; &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; Form 40-F ________</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;">Yes ________ &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; &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; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No ____<font style="text-decoration: underline;">X</font><font style="text-decoration: underline;">____</font></font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;">Yes ________ &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; &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; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No ____<font style="text-decoration: underline;">X</font><font style="text-decoration: underline;">____</font></font></p>
<p style="font-size: 9pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-size: 10pt;">&nbsp;<font style="font-family: Calibri;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
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<p style="font-size: 14.5pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 14.5pt; font-weight: bold;">ULTRAPAR HOLDINGS INC.</font></p>
<p style="font-size: 14.5pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 14.5pt; font-weight: bold;">TABLE OF CONTENTS</font></p>
&#8203;
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<td style="width: 797px; height: 10px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="TOC"></a><br></td>
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<td style="width: 22px;" colspan="3"><font style="color: #000000; font-family: 'times new roman', times; font-size: 16.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: underline; float: none; display: inline !important;">ITEM</font><br></td>
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<td style="width: 23px; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1.</font></td>
<td style="width: 797px; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BSA_XQYO68ABQ800000000000000000000">Shareholders' Agreement of Ultrapar Participa&#231;&#245;es S.A.</a></font></td>
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<td style="width: 22px;"><br></td>
<td style="width: 23px; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2.</font></td>
<td style="width: 797px; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BMN_59FZ7623NK00000000000000000000">Material Notice</a></font></td>
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<td style="width: 23px; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3.</font></td>
<td style="width: 797px; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BMOM_7B3U4T8BLS00000000000000000000">Minutes of the Meeting of the Board of Directors of Ultrapar Participa&#231;&#245;es S.A., held on August 18, 2020</a></font></td>
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<td style="width: 23px; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.</font></td>
<td style="width: 797px; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BSHMM_IIW15NVISG00000000000000000000">Shareholders&#8217; Meeting Manual</a></font></td>
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<td style="width: 23px; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.</font></td>
<td style="width: 797px; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BRVB_34FDBSKXBK00000000000000000000">Remote voting ballot &#8211; Extraordinary Shareholders&#8217; Meeting </a></font></td>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>1</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.2; margin: 0pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="BSA_XQYO68ABQ800000000000000000000" class="customBookmark"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; text-decoration: none; line-height: inherit;">SHAREHOLDERS' AGREEMENT OF </font><font style="font-weight: bold; text-decoration: none; line-height: inherit;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></font></a></div>
<p style="line-height: 1.2; margin: 0pt; text-align: center;"><font style="font-family: Cambria; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0cm 0cm 10pt; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">By the present private instrument and in the best terms of the law,</font></p>
<ol type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0cm 0cm 10pt; text-align: justify; text-indent: 0px;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>ULTRA S.A. PARTICIPA&#199;&#213;ES</font><font style="font-family: Cambria; line-height: inherit; margin: 0cm 0cm 10pt; text-align: justify; text-indent: 0px;">, <font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">a</font></font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"> corporation with headquarters at Avenida Brigadeiro Lu&#237;s Ant&#244;nio, No. 1.343, in the City of S&#227;o Paulo, State of S&#227;o Paulo, enrolled in the Corporate Taxpayers Registry of the Ministry of Finance (CNPJ) under No. 54.041.439/0001-91, herein represented pursuant to its by-laws (&#8220;Ultra&#8221;); and </font></font></li>
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<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Cambria; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="2" type="1" style="margin: 0pt; padding-left: 0pt; font-size: 12pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>PARTH DO BRASIL PARTICIPA&#199;&#213;ES LTDA.</font><font style="font-family: Cambria; line-height: inherit;">,</font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;"> a limited liability company with headquarters at Rua Visconde de Piraj&#225;, No. 547, Room 1,115 (part), Ipanema, in the City of Rio de Janeiro, State of Rio de Janeiro, enrolled in the Corporate Taxpayers Registry of the Ministry of Finance (CNPJ) under No. 20.992.266/0001-75, herein represented pursuant to its articles of association (&#8220;Parth&#8221; and, jointly with Ultra, hereinafter referred to as &#8220;Holdings&#8221; or &#8220;Parties,&#8221; or &#8220;Holding&#8221; or &#8220;Party,&#8221; when referred to individually); </font></font></li>
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<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-size: 10pt; font-family: Cambria; font-weight: bold; list-style-position: inside; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0cm 0cm 10pt; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">And in the capacity as consenting intervening parties and bound by the provisions of this Agreement;</font></p>
<ol start="3" type="1" style="margin: 0pt; padding-left: 0pt; font-size: 12pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>ANA MARIA LEVY VILLELA IGEL</font><font style="font-family: Cambria; line-height: inherit;">, </font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">a Brazilian citizen, xxxxxx, xxxxxx, the holder of the Brazilian identity card (RG) No. xxxxxx, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. xxxxxx, resident and domiciled in the xxxxxx (&#8220;Ana Maria Levy Villela Igel&#8221;);</font></font></li>
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<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Cambria; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="4" type="1" style="margin: 0pt; padding-left: 0pt; font-size: 12pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>FABIO IGEL</font><font style="font-family: Cambria; line-height: inherit;">, </font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">a Brazilian citizen, xxxxxx, xxxxxx, the holder of the Brazilian identity card (RG) No. xxxxxx, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. xxxxxx, resident and domiciled in the xxxxxx (&#8220;Fabio Igel&#8221;);</font></font></li>
</ol>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: Cambria; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="5" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>M&#193;RCIA IGEL JOPPERT</font><font style="font-family: Cambria; line-height: inherit;">, </font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">a Brazilian citizen, xxxxxx, xxxxxx, the holder of the Brazilian identity card (RG) No. xxxxxx, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. xxxxxx, resident and domiciled in the xxxxxx (&#8220;M&#225;rcia Igel Joppert&#8221;);</font></font></li>
</ol>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">&nbsp;</font></p>
<ol start="6" type="1" style="margin: 0pt; padding-left: 0pt; font-size: 12pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>ROG&#201;RIO IGEL</font><font style="font-family: Cambria; line-height: inherit;">, </font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">a Brazilian citizen, xxxxxx, xxxxxx, the holder of the Brazilian identity card (RG) No. xxxxxx and of the Brazilian Individual Taxpayer Register Identification (CPF) No. xxxxxx, resident and domiciled in the xxxxxx (&#8220;Rog&#233;rio Igel&#8221;);</font></font></li>
</ol>
</div>
<div style="line-height: 1.2;">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>2</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0px auto; line-height: 1.2;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<ol start="7" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit; font-family: 'Times New Roman';">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font style="font-family: Cambria; font-weight: bold; line-height: inherit;">JOYCE IGEL DE CASTRO ANDRADE</font><font style="font-family: Cambria; line-height: inherit;">, </font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">a Brazilian citizen, xxxxxx, xxxxxx, the holder of the Brazilian identity card (RG) No. xxxxxx, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. xxxxxx, resident and domiciled in the xxxxxx (&#8220;Joyce Igel de Castro Andrade&#8221;);</font></font></li>
</ol>
<p style="line-height: 17pt; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">&nbsp;</font></p>
<ol start="8" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>LUCIO DE CASTRO ANDRADE FILHO</font><font style="font-family: Cambria; line-height: inherit;">, </font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">a Brazilian citizen, xxxxxx, xxxxxx, the holder of the Brazilian identity card (RG) No. xxxxxx, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. xxxxxx, resident and domiciled in the xxxxxx (&#8220;Lucio de Castro Andrade Filho&#8221;);</font></font></li>
</ol>
<p style="line-height: 17pt; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">&nbsp;</font></p>
<ol start="9" type="1" style="margin: 0pt; padding-left: 0pt; font-size: 12pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>PEDRO WONGTSCHOWSKI</font><font style="font-family: Cambria; line-height: inherit;">, </font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">a Brazilian citizen, xxxxxx, xxxxxx, the holder of the Brazilian identity card (RG) No. xxxxxx, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. xxxxxx, resident and domiciled in the xxxxxx (&#8220;Pedro Wongtschowski&#8221;);</font></font></li>
</ol>
<p style="line-height: 17pt; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: Cambria; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="10" type="1" style="margin: 0pt; padding-left: 0pt; font-size: 12pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>CHRISTY PARTICIPA&#199;&#213;ES LTDA.</font><font style="font-family: Cambria; line-height: inherit;">, </font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">a limited liability company with headquarters at Rua Visconde de Piraj&#225;, 351, Rooms 916 and 917, Ipanema, in the City of Rio de Janeiro, State of Rio de Janeiro, enrolled in the Corporate Taxpayers Registry of the Ministry of Finance (CNPJ) under No. 33.363.896/0001-22, herein represented pursuant to its articles of association by H&#233;lio Marcos Coutinho Beltr&#227;o duly qualified herein below (&#8220;Christy Participa&#231;&#245;es&#8221;)</font></font></li>
</ol>
<p style="line-height: 17pt; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: Cambria; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="11" type="1" style="margin: 0pt; padding-left: 0pt; font-size: 12pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>H&#201;LIO MARCOS COUTINHO BELTR&#195;O, </font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">a Brazilian citizen, xxxxxx, xxxxxx, the holder of the Brazilian identity card (RG) No. xxxxxx, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. xxxxxx, resident and domiciled in the xxxxxx (&#8220;H&#233;lio Marcos Coutinho Beltr&#227;o&#8221;);</font></font></li>
</ol>
<p style="line-height: 17pt; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: Cambria; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<ol start="12" type="1" style="margin: 0pt; padding-left: 0pt; font-size: 12pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>BRUNO IGEL</font><font style="font-family: Cambria; line-height: inherit;">, </font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">a Brazilian citizen, xxxxxx, xxxxxx, the holder of the Brazilian identity card (RG) No. xxxxxx, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. xxxxxx, resident and domiciled in the xxxxxx (&#8220;Bruno Igel&#8221;);</font></font></li>
</ol>
<p style="line-height: 17pt; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: Cambria; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="13" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>ANA ELISA ALVES CORR&#202;A IGEL</font><font style="font-family: Cambria; line-height: inherit;">, </font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">a Brazilian citizen, xxxxxx, xxxxxx, the holder of the Brazilian identity card (RG) No. xxxxxx-SP, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. xxxxxx, resident and domiciled in the xxxxxx (&#8220;Ana Elisa Alves Corr&#234;a Igel&#8221;);</font></font></li>
</ol>
<p style="line-height: 17pt; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">&nbsp;</font></p>
<ol start="14" type="1" style="margin: 0pt; padding-left: 0pt; font-size: 12pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>ROBERTO DE CASTRO ANDRADE</font><font style="font-family: Cambria; line-height: inherit;">, </font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">a Brazilian citizen, xxxxxx, xxxxxx, the holder of the Brazilian identity card (RG) No. xxxxxx, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. xxxxxx, resident and domiciled in the xxxxxx (&#8220;Roberto de Castro Andrade&#8221;);</font></font></li>
</ol>
</div>
<p style="line-height: 17pt; margin: 0pt 0pt 0pt 35.4pt;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<ol start="15" type="1" style="margin: 0pt; padding-left: 0pt; font-size: 12pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>BETTINA DE CASTRO ANDRADE GASPARIAN</font><font style="font-family: Cambria; line-height: inherit;">, </font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">a Brazilian citizen, xxxxxx, xxxxxx, the holder of the Brazilian identity card (RG) No. xxxxxx, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. xxxxxx, resident and domiciled in the xxxxxx (&#8220;Bettina de Castro Andrade Gasparian&#8221;);</font></font></li>
</ol>
<p style="line-height: 17pt; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: Cambria; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="16" type="1" style="margin: 0pt; padding-left: 0pt; font-size: 12pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit; font-family: 'Times New Roman';">&nbsp; &nbsp; &nbsp;&nbsp;</font><font style="font-family: Cambria; font-weight: bold; line-height: inherit;">ROBERTA JOPPERT FERRAZ</font><font style="font-family: Cambria; line-height: inherit;">, </font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">a Brazilian citizen, xxxxxx, xxxxxx, the holder of the Brazilian identity card (RG) No. xxxxxx, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. xxxxxx, resident and domiciled in the xxxxxx (&#8220;Roberta Joppert Ferraz&#8221;);</font></font></li>
</ol>
<p style="line-height: 17pt; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: Cambria; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="17" type="1" style="margin: 0pt; padding-left: 0pt; font-size: 12pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>SANDRA JOPPERT</font><font style="font-family: Cambria; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;">, <font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">a Brazilian citizen, </font></font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">xxxxxx, xxxxxx, the holder of the Brazilian identity card (RG) No. xxxxxx, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. xxxxxx, resident and domiciled in the xxxxxx (&#8220;Sandra Joppert&#8221;);</font></font></li>
</ol>
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</div>
</div>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>3</font></font></td>
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<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
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<div style="width: 8.5in; margin: 0px auto; line-height: 1.2;">
<p style="margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: Cambria; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="18" type="1" style="margin: 0pt; padding-left: 0pt; font-size: 12pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>IGELPAR PARTICIPA&#199;&#213;ES S.A.,</font><font style="font-family: Cambria; line-height: inherit;"> </font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">a stock corporation with headquarters in the City of S&#227;o Paulo, State of S&#227;o Paulo, at Avenida Brigadeiro Lu&#237;s Ant&#244;nio, No. 1343, 5th floor, Bela Vista, ZIP CODE 01317-001, enrolled in the Corporate Taxpayers Registry of the Ministry of Finance (CNPJ) under No. 34.622.819/0001-02, herein represented pursuant to its by-laws (&#8220;IgelPar&#8221;);</font></font></li>
</ol>
<p style="margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: Cambria; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<ol start="19" type="1" style="margin: 0pt; padding-left: 0pt; font-size: 12pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>P&#193;TRIA PRIVATE EQUITY VI FIP MULTIESTRAT&#201;GIA</font><font style="font-family: Cambria; line-height: inherit;">, </font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">investment fund enrolled in the Corporate Taxpayers Registry of the Ministry of Finance (CNPJ) under No. 29.447.049/0001-79, herein represented by its manager and administrator P&#225;tria Investimentos Ltda., headquartered in the City of S&#227;o Paulo, State of S&#227;o Paulo, at Avenida Cidade Jardim, No. 803, 8th floor, room A, ZIP CODE 01453-000, enrolled in the Corporate Taxpayers Registry of the Ministry of Finance (CNPJ) under No. 12.461.756/0001-17, herein represented pursuant to its by-laws (&#8220;FIP P&#225;tria&#8221; and, jointly with Ana Maria Levy Villela Igel, Fabio Igel, M&#225;rcia Igel Joppert, Rog&#233;rio Igel, Joyce Igel de Castro Andrade, Lucio de Castro Andrade Filho, Pedro Wongtschowski, Christy Participa&#231;&#245;es, H&#233;lio Marcos Coutinho Beltr&#227;o, Bruno Igel, Ana Elisa Alves Corr&#234;a Igel, Roberto de Castro Andrade, Bettina de Castro Andrade Gasparian, Roberta Joppert Ferraz, Sandra Joppert and IngelPar, hereinafter referred to as &#8220;Ultra Partners&#8221;);</font></font></li>
</ol>
<p style="line-height: 17pt; margin: 0pt; text-align: justify;"><font style="font-family: Cambria; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="20" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>BETTINA IGEL HOFFENBERG</font><font style="font-family: Cambria; line-height: inherit;">, </font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">a Brazilian citizen, xxxxxx, xxxxxx, the holder of the Brazilian identity card (RG) No. xxxxxx, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. xxxxxx, resident and domiciled at the xxxxxx, represented herein by her attorney-in-fact Mr. Jean Pierre Roy Jr., a Brazilian citizen, xxxxxx, xxxxxx, the holder of the Brazilian identity No. xxxxxxduly issued by the OAB/RJ, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. xxxxxx, with his professional address in the xxxxxx (&#8220;Bettina Igel Hoffenberg&#8221;);</font></font></li>
</ol>
<p style="margin: 0pt; text-align: center;"><br></p>
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<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 1.2;"><br></p>
<ol start="21" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>JENNINGS LUIS IGEL HOFFENBERG</font><font style="font-family: Cambria; line-height: inherit;">, </font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">a Brazilian citizen, xxxxxx, xxxxxx, the holder of the Brazilian identity No. xxxxxx, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. xxxxxx, resident and domiciled in the xxxxxx (&#8220;Jennings Luis Igel Hoffenberg&#8221;);</font></font></li>
</ol>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">&nbsp;</font></p>
<ol start="22" type="1" style="margin: 0pt; padding-left: 0pt; font-size: 12pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>PEDRO IGEL DE BARROS SALLES</font><font style="font-family: Cambria; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;">, <font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">a Brazilian citizen, </font></font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">xxxxxx, xxxxxx, the holder of the Brazilian identity card (RG) No. xxxxxx, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. xxxxxx, resident and domiciled in the xxxxxx (&#8220;Pedro Igel de Barros Salles&#8221;);</font></font></li>
</ol>
<p style="margin: 0pt 0pt 0pt 35.4pt; line-height: 1.2;"><font style="font-family: Cambria; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<ol start="23" type="1" style="margin: 0pt; padding-left: 0pt; font-size: 12pt;">
<li style="font-family: Cambria; font-size: 12pt; font-weight: bold; line-height: 17pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>VENUS QUARTZ LLC</font><font style="font-family: Cambria; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;">, <font style="font-family: Cambria; list-style-position: inside; font-weight: bold; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;"><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">a</font> <font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;">company duly incorporated and existing under the laws of Delaware, with its main place of business at c/o Withers Bergman LLP, 430 Park Avenue, 9th Floor, New York, NY 10022, represented</font></font></font><font style="font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; line-height: inherit;"> herein by its attorney-in-fact Mr. Jean Pierre Roy Jr. duly qualified herein above (&#8220;Venus&#8221;) and, jointly with Bettina Igel Hoffenberg, Jennings Luis Igel Hoffenberg and Pedro Igel de Barros Salles, hereinafter referred to as &#8220;Parth Partners&#8221; and, jointly with the Ultra Partners, are referred to as &#8220;Holdings Partners&#8221; or a &#8220;Holding Partner,&#8221; when referred to individually.</font></font></li>
</ol>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Cambria; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt; font-family: 'times new roman', times;"><font style="font-weight: bold; line-height: inherit;">WHEREAS</font>,<font style="font-weight: bold; line-height: inherit;"> </font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; font-size: 10pt; line-height: inherit;">each Holding holds a material stake in the capital stock of ULTRAPAR PARTICIPA&#199;&#213;ES S.A., a publicly-traded Brazilian corporation with headquarters at Avenida Brigadeiro Lu&#237;s Ant&#244;nio, No. 1.343, in the City of S&#227;o Paulo, State of S&#227;o Paulo, enrolled in the Corporate Taxpayers Registry of the Ministry of Finance (CNPJ) under No. 33.256.439/0001-39 (&#8220;Ultrapar&#8221; or &#8220;Company&#8221;);</font></font>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<font style="font-size: 10pt; line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt; font-family: 'times new roman', times;"><font style="font-weight: bold; line-height: inherit;">WHEREAS</font><font style="line-height: inherit; margin: 0pt; text-align: justify; text-indent: 0pt; padding-left: 0pt;">, <font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; font-size: 10pt; line-height: inherit;">the </font></font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; font-size: 10pt; line-height: inherit;">Holdings and the Holdings Partners wish to form 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&#8217;s history; and</font></font>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">WHEREAS</font>, 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;</font></p>
<p style="line-height: 1.2; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">NOW, THEREFORE</font>,<font style="font-weight: bold; line-height: inherit;"> </font>the Parties, with the intervenience and the consent of the Holdings Partners, hereby enter into this Shareholders' Agreement (&#8220;<font style="text-decoration: underline; line-height: inherit;">Agreement</font>&#8221;), which shall be governed by the applicable laws and by the clauses and conditions provided hereinbelow:</font></p>
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<p style="line-height: 1.2;"><br></p>
<h1 style="line-height: 17pt; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION ONE</font></h1>
<h1 style="line-height: 17pt; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">PURPOSE AND PRELIMINARY PROVISIONS</font></h1>
<h1 style="line-height: 17pt; margin: 0pt; page-break-after: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></h1>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">1.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>The purpose of this Agreement is to govern the exercise of the voting rights of the Holdings and the Holdings Partners 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">1.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font>The Holdings and the Holdings Partners hereby undertake to exercise their rights in the capacity as shareholders or usufructuaries of Ultrapar&#8217;s and the Holdings&#8217; shares, 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.</font></p>
<p style="line-height: 1.2; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">1.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp;</font>The Holdings Partners shall perform and cause to be performed all acts required to ensure at any time that the corporate documents and the shareholders&#8217; or quotaholders&#8217; agreements of each Holding and, as applicable, of each Holding Partner are compatible with and allows full compliance with all provisions of this Agreement, subject to the provisions of Sections 16.5 and 16.7.</font></p>
<p style="line-height: 1.2; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">1.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font>The corporate purpose of the Holdings shall be to hold interest in the capital stock of Ultrapar, being any other business activity prevented.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION TWO</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">BOUND SHARES AND FREE SHARES</font><font style="font-weight: bold; line-height: inherit;"> </font></font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">2.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">Bound Shares</font>&#8221;). </font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">2.1.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp; </font>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 spin-off, this Agreement shall continue to be binding on Ultrapar as well. In the event of <font style="font-weight: bold; line-height: inherit;">(i)</font> a spin-off of Ultrapar with the conveyance of a portion of its assets to an existing company, <font style="font-weight: bold; line-height: inherit;">(ii) </font>a merger of Ultrapar or of its shares into another company, or <font style="font-weight: bold; line-height: inherit;">(iii) </font>a merger (amalgamation) of Ultrapar with another company, the signatories of this Agreement shall: <font style="font-weight: bold; line-height: inherit;">(a) </font>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 spun-off portion of Ultrapar&#8217;s assets, as the case may be (&#8220;<font style="text-decoration: underline; line-height: inherit;">New Company</font>&#8221;); and <font style="font-weight: bold; line-height: inherit;">(b) </font>execute a new shareholders' 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&#8217;s headquarters and cause it to be recorded in the appropriate company registers.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">2.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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 for the purposes of this Agreement (that is, without prejudice of any restrictions existing in any other agreements with comply with the provisions of Sections 4.5, 16.5 and 16.7) (&#8220;<font style="text-decoration: underline; line-height: inherit;">Free Shares</font>&#8221;).</font><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: Cambria; line-height: inherit;"><br></font></font></p>
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<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION THREE</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">EXERCISE OF HOLDINGS VOTING RIGHTS &#8211; ORDINARY </font><font style="font-weight: bold; line-height: inherit;">PREVIOUS MEETING</font><font style="font-weight: bold; line-height: inherit;">S AND PLENARY </font><font style="font-weight: bold; line-height: inherit;">PREVIOUS MEETING</font><font style="font-weight: bold; line-height: inherit;">S</font></font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The Holdings and the Holdings Partners who hold any Free Shares hereby undertake to vote in Ultrapar&#8217;s general shareholders meetings (&#8220;<font style="text-decoration: underline; line-height: inherit;">General Shareholders&#8217; Meeting</font><font style="text-decoration: underline; line-height: inherit;">s</font>&#8221;) pursuant to the terms of the voting instructions approved by the Holdings&#8217; representatives in the preliminary meeting to be held as set forth in this Agreement (&#8220;<font style="text-decoration: underline; line-height: inherit;">Previous Meeting</font>&#8221;), so that the Holdings&#8217; and the Holdings Partners&#8217; votes in the General Shareholders&#8217; Meetings shall be bound by the resolution passed in the Previous Meeting.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.1.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp; </font>With respect to the Free Shares object of depositary receipt of shares, the Holdings Partners&#8217; 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>In the event the Previous Meeting set forth in this Agreement is not held prior to a General Shareholders&#8217; Meeting, for any reason, or in the event a favorable resolution is not approved in a Previous Meeting with respect to any item in the agenda of a General Shareholders&#8217; Meeting, then the Holdings and the Holdings Partners who hold any Free Shares shall attend such General Shareholders&#8217; Meeting and exercise their respective voting rights <font style="font-weight: bold; line-height: inherit;">(i) </font>so that those matters that were not subject to a favorable resolution and approval in a Previous Meeting are removed from the agenda of the aforementioned General Shareholders&#8217; Meeting; or <font style="font-weight: bold; line-height: inherit;">(ii)</font> in the event those matters remain in the agenda, to<font style="font-weight: bold; line-height: inherit;"> </font>vote so to reject those matters.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: italic; text-decoration: underline; line-height: inherit;">Types of </font><font style="font-style: italic; text-decoration: underline; line-height: inherit;">Previous Meeting</font><font style="font-style: italic; text-decoration: underline; line-height: inherit;">s</font></font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>There shall be two (2) types of Previous Meetings: <font style="font-weight: bold; line-height: inherit;">(i) </font>Ordinary Previous Meetings, and, according to the matter to be decided in the General Shareholders&#8217; Meeting, <font style="font-weight: bold; line-height: inherit;">(ii) </font>Plenary Previous Meetings.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: italic; text-decoration: underline; line-height: inherit;">Ordinary </font><font style="font-style: italic; text-decoration: underline; line-height: inherit;">Previous Meeting</font><font style="font-style: italic; text-decoration: underline; line-height: inherit;">s</font></font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>The Ordinary Previous Meetings shall be held <font style="font-weight: bold; line-height: inherit;">(i)</font> quarterly, <font style="font-weight: bold; line-height: inherit;">(ii) </font>prior to any General Shareholders&#8217; Meeting, and <font style="font-weight: bold; line-height: inherit;">(iii) </font>whenever requested by the RPO Members, pursuant to the terms of Section 3.9.1.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>In the Ordinary Previous Meetings preceding a General Shareholders&#8217; Meeting, it shall be decided the voting instructions for the Holdings and for those holding Free Shares in regard to all matters included in the agenda of the General Shareholders&#8217; Meeting, except for matters to be decided by a Plenary Previous Meeting, as provided for in Section 3.13.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.6.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>The members elected by the Holdings Partners will participate and have the right to vote in the Ordinary Previous Meetings (&#8220;<font style="text-decoration: underline; line-height: inherit;">RPO Members</font>&#8221;).</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.6.1.</font> The RPO Members will be elected for a term of 2 (two) years, which will coincide with the term of the Ultrapar&#8217;s board of directors.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.6.2.</font> The RPO Members will be elected and removed by the Holdings Partners at a Plenary Previous Meeting.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.6.3.</font> The RPO Members will elect, among them, the one who will chair the Ordinary Previous Meeting during each term.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.6.4.</font> Holdings Partners who have elected a specific RPO Member <font style="font-weight: bold; line-height: inherit;">(i) </font>will be allowed to replace it at any time, and <font style="font-weight: bold; line-height: inherit;">(ii)</font> will be allowed to indicate its alternate in the event of definitive impediment or vacancy in the position of RPO Member.</font><br></p>
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<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.7.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>Holdings Partners who held, directly or indirectly, and individually or jointly, voting rights of shares or quotas representing the capital stock of the Holdings corresponding to at 5% (five percent) of the Bound Shares shall have the right to elect (and replace at any time) one, and only one, RPO Member.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.7.1.</font> If a Holding Partner perform a transfer of Holding share or quota to a permitted assignee, under the corporate documents of the Holdings, according to Section 4.5 below, the Holding shares or quotas received by the permitted assignee will continue to be considered together with those held by the assignor for the purpose of verifying the minimum interest required in Section 3.7 above.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.7.2. </font>In the event of the death or removal of a Holding Partner, its heirs, sharecroppers or successors, as the case may be, may add their interest to collectively elect an RPO Member (including for all purposes of Section 3.6.4), provided that, cumulatively, <font style="font-weight: bold; line-height: inherit;">(i)</font> the RPO Member to be elected is appointed by the heirs, sharecroppers or successors who hold at least most of the Holding shares or quotas previously held by the deceased or removed Holding Partner; and <font style="font-weight: bold; line-height: inherit;">(ii)</font> the heirs, sharecroppers or successors hold, jointly, the minimum percentage of voting rights required in Section 3.7 above.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.8.</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The following may be elected as RPO Member: <font style="font-weight: bold; line-height: inherit;">(i)</font> Holdings Partners, if individuals; or (ii) an individual who holds a direct or indirect stake in the capital of a Holding Partner on the date of execution of this Agreement or who may hold such stake through a transfer permitted under this Agreement; or <font style="font-weight: bold; line-height: inherit;">(iii)</font> in the case of a Holding Partner that is an investment fund, an individual who (a) holds a stake, directly or indirectly, in the capital stock of the respective manager, or (b) is a member of the respective investment committee.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.9.</font> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Ordinary Previous Meetings shall be called by the chairperson selected as set forth in Section 3.6.3 above, by means of a call notice to be sent to all the other members of the Ordinary Previous Meetings at least five (5) 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. </font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.9.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;</font>Three (3) RPO Members 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) days, (or the call of such meeting on a second call that is not held within 24 (twenty-four) hours according to Section 3.10), the requesting members will have the right to jointly call an Ordinary Previous Meeting, provided that they do so with an identical agenda as the one requested and subject to the time periods and procedures set forth in this Agreement.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.10.</font> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Ordinary Previous Meetings shall be held at least fifteen (15) days before the date scheduled for the General Shareholders&#8217; Meetings to which they the majority of the RPO Members. 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) hours, provided that, in that case, the meeting to be held in second call <font style="font-weight: bold; line-height: inherit;">(i) </font>shall be<font style="font-weight: bold; line-height: inherit;"> </font>held within up to three (3) days after it is called, and <font style="font-weight: bold; line-height: inherit;">(ii)</font> shall be convened with the presence of any number of members at the meeting.</font></p>
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<p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: Cambria; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.11.</font> The Ordinary Previous Meeting that precedes a General Shareholders&#8217; Meeting in which its agenda includes the election of members of Ultrapar&#8217;s board of directors shall comply with the following rules:</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.45pt; text-align: justify; text-indent: -0.05pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">(I) </font>The Ordinary Previous Meeting <font style="font-weight: bold; line-height: inherit;">(a) </font>shall resolve on all matters related to such election, in particular on (as the case may be and in compliance with the by-laws of the Company): <font style="font-weight: bold; line-height: inherit;">(i)</font> <font style="font-style: italic; line-height: inherit;">(x)</font> the submission of a suggested list of candidates to be considered by Ultrapar&#8217;s board of directors when preparing any slate; <font style="font-style: italic; line-height: inherit;">(y) </font>the approval of any slate submitted by Ultrapar's board of directors, or, in the event of rejection of the slate or the non-submission of a slate by the Company&#8217;s Board of Directors, the presentation of a specific slate to compete for the Company&#8217;s board of directors;<font style="font-weight: bold; line-height: inherit;"> </font><font style="font-weight: bold; line-height: inherit;">(ii) </font>the submission of a request for cumulative voting and, in that case, on how the votes shall be allocated among the several candidates; <font style="font-weight: bold; line-height: inherit;">(ii</font><font style="font-weight: bold; line-height: inherit;">)</font> indication of individual candidates for the Company&#8217;s board of directors in situations where, for any reason and at any time, the election will come or be made in a majority form but individually by open position, and not in the form of a slate or multiple vote; and <font style="font-weight: bold; line-height: inherit;">(iv)</font><font style="font-weight: bold; line-height: inherit;"> </font>the voting instruction as to the number of members to be elected to the Company&#8217;s board of directors; and <font style="font-weight: bold; line-height: inherit;">(b) </font>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</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">(</font><font style="font-weight: bold; line-height: inherit;">II</font><font style="font-weight: bold; line-height: inherit;">) </font>the candidates to be appointed to Ultrapar&#8217;s board of directors shall meet the requirements of art. 147 of the Brazilian Corporate Law (and CVM applicable rules) as well as the following minimum and cumulative eligibility requirements: <font style="font-weight: bold; line-height: inherit;">(i) </font>be at least thirty (30) years of age; <font style="font-weight: bold; line-height: inherit;">(v) </font>hold a suitable higher education degree; <font style="font-weight: bold; line-height: inherit;">(vi) </font>not use any substance that is unlawful or prohibited in Brazil or in the United States of America; and <font style="font-weight: bold; line-height: inherit;">(vii) </font>not been convicted of any crime for which a final and non-appealable judgment has been rendered.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.12.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The resolutions of the Ordinary Previous Meeting will be taken by a majority vote of the members present at the meeting, with each RPO Member having one vote.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 42.55pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.12.1.</font>&nbsp;The RPO Members shall exercise their voting rights so to ensure that the directors appointed by the Holdings and the Holdings Partners represent the largest possible number of members to be elected to Ultrapar&#8217;s board of directors.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 42.55pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.12.2.</font>&nbsp;RPO Members elected by Holdings Holders, individually or jointly holding equity greater than 15% (fifteen percent) of the Bound Shares may, until the time of the close of the Ordinary Previous Meeting request that one or more matters included in the agenda, even after its resolution, is submitted to resolution in a Plenary Previous Meeting, in which case any resolutions already taken on the matters will be null and pending a decision at a Plenary Previous Meeting.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 42.55pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 42.55pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.12.3.</font>&nbsp;In the case referred to in Section 3.12.2, the chairman shall call the Plenary Previous Meeting to within 24 (twenty four) hours, to resolve on the matters subject-matter of the request, and the Plenary Previous Meeting shall be held on the first business day following the date of the call. If the request is not met (or the second call meeting under Section 3.20 is not called) within 24 (twenty-four) hours, the requesting members may jointly call such Plenary Previous Meeting, provided that with agenda identical to the one requested and subject to the deadlines and procedures established set forth in this Agreement.</font></p>
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<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><br></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: italic; text-decoration: underline; line-height: inherit;">Plenary </font><font style="font-style: italic; text-decoration: underline; line-height: inherit;">Previous Meeting</font><font style="font-style: italic; text-decoration: underline; line-height: inherit;">s</font></font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.13.</font><font style="font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>The Plenary Previous Meetings shall be held prior to any General Shareholders&#8217; Meeting in which its agenda includes any of the following matters:<font style="vertical-align: super; line-height: inherit;"> </font></font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 42.55pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">(i)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp;</font>amendment to Ultrapar&#8217;s by-laws;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 42.55pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">(ii)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>change to the rights attached to the shares issued by Ultrapar;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 42.55pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">(iii)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp; </font> merger (amalgamation), merger, merger of shares, or spin-off involving Ultrapar; and</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 42.55pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">(iv)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;</font>acquisition or disposal of assets by Ultrapar and its controlled entities, as long as they have been subject to a resolution of Ultrapar&#8217;s General Shareholders&#8217; Meeting </font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 42.55pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.14.</font><font style="font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>The Plenary Previous Meetings shall also be held in order to resolve on any matters submitted to it according to a request made in an Ordinary Previous Meeting, as set forth in Sections 3.12.2 and 3.12.3 above.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.15.</font><font style="font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>All Holding members with voting rights in the Holdings will have the right to vote on the Plenary Previous Meetings.</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.16.</font><font style="font-weight: bold; line-height: inherit;">&nbsp; &nbsp; &nbsp;&nbsp;</font>In the Plenary Previous Meetings, the number of votes of each Holding Partner shall be equal to the number of Bound Shares corresponding to the Holding shares or quotas the Holding Partner is entitled to voting rights.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.17.</font><font style="font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>Subject to the provisions of Sections 3.6.2 and 3.7 above and, except as Section 3.17.1 below, resolutions shall be passed in Plenary Previous Meetings by the affirmative vote of at least sixty-six percent (66%) of the total number of votes of all Holdings Partners attending and not attending the Plenary Previous Meeting, calculated as set forth in Section 3.16 of this Agreement (100% (one hundred percent) of such sum, the &#8220;<font style="text-decoration: underline; line-height: inherit;">Total Votes</font>&#8221;). </font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.17.1.</font> The resolutions on matters that are submitted to the Plenary Previous Meetings upon request made at the Ordinary Previous Meeting pursuant to Section 3.12.2 and 3.14 above, will be taken by the favorable vote of the majority of the Total Votes, subject, however, to the provision in Section 3.20.1 below.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.18</font>. Whoever is responsible, under this Agreement, to chair the Ordinary Previous Meetings, will also chair the Plenary Previous Meetings.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.19.</font><font style="font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>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) 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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.20.</font><font style="font-weight: bold; line-height: inherit;">&nbsp; &nbsp; &nbsp; </font>The Plenary Previous Meetings shall be held at least seven (7) days before the date scheduled for the General Shareholders&#8217; Meetings to which they relate, and shall be deemed validly convened with the presence of holders of sixty-six 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) hours so that the meeting in second call is held at least three (3) days in advance of the date of the corresponding General Shareholders&#8217; Meeting. In case the quorum set forth in this Section is not reached, the provisions of Section 3.2 above shall apply.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.20.1.</font><font style="font-weight: bold; line-height: inherit;">&nbsp;</font>In the event referred to in Section 3.14, the Plenary Previous Meetings will be considered validly established on second call with any quorum of attendance, and the respective resolutions shall be taken, in this case, by the majority of the votes of those present calculated pursuant to Section 3.16.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-style: italic; text-decoration: underline; line-height: inherit;">Common provisions concerning Ordinary </font><font style="font-style: italic; text-decoration: underline; line-height: inherit;">Previous Meeting</font><font style="font-style: italic; text-decoration: underline; line-height: inherit;">s and Plenary </font><font style="font-style: italic; text-decoration: underline; line-height: inherit;">Previous Meeting</font><font style="font-style: italic; text-decoration: underline; line-height: inherit;">s</font><br></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.21.</font>&nbsp; &nbsp; &nbsp; Except if otherwise agreed by the Holdings Partners, as applicable, the Ordinary Previous Meetings and the Plenary Previous Meetings shall be held at Ultra&#8217;s headquarters.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.22.</font><font style="font-weight: bold; line-height: inherit;">&nbsp; &nbsp; &nbsp; </font>Each Holding Partner shall be allowed to appoint an attorney in fact to represent him/her/it in the Plenary Previous Meetings.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.23.</font><font style="font-weight: bold; line-height: inherit;">&nbsp; &nbsp; &nbsp; </font>In the event any General Shareholders&#8217; 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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 56.7pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.24.</font><font style="font-weight: bold; line-height: inherit;">&nbsp; &nbsp; &nbsp;</font>The Holdings Partners hereby undertake, on their own behalf and on behalf of their attorneys-in-fact, not to disclose any confidential information related to Ultrapar&#8217;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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.25.</font><font style="font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>A call notice shall not be required for any Previous Meeting attended by all Holdings Partners with voting rights in that meeting, or their attorneys-in-fact, or all RPO Members, as the case may be, and, in this case, the meeting shall be deemed validly convened.</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>10</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: Cambria; font-weight: bold; line-height: inherit;"><br></font></font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">SECTION FOUR</font></font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">RESTRICTIONS </font><font style="font-weight: bold; line-height: inherit;">ON</font><font style="font-weight: bold; line-height: inherit;"> </font><font style="font-weight: bold; line-height: inherit;">DISPOSAL</font><font style="font-weight: bold; line-height: inherit;">S</font><font style="font-weight: bold; line-height: inherit;"> AND ENCUMBRANCE</font><font style="font-weight: bold; line-height: inherit;">S</font><font style="font-weight: bold; line-height: inherit;"> </font></font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: -0.55pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.1.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp; </font>For the purposes of this Agreement, <font style="font-weight: bold; line-height: inherit;">(i) </font>&#8220;<font style="text-decoration: underline; line-height: inherit;">Encumber</font>&#8221; 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' agreement or similar agreement, lien, or any other restriction or limitation of any nature affecting the free and unrestricted title to the company&#8217;s shares or quotas or investment fund quotas, or that otherwise creates obstacles of any nature to their Disposal, at any time, such acts shall be deemed a &#8220;Disposal&#8221; and <font style="font-weight: bold; line-height: inherit;">(ii) </font>&#8220;<font style="text-decoration: underline; line-height: inherit;">Dispose of</font>&#8221; shall mean any assignment of, transfer of, or sale of, or contribution to the capital stock, shares or quotas of companies, provided that, for purposes of this Agreement, they shall be also deemed &#8220;Disposal&#8221;, whether directly or indirectly and whether free of charge or for valuable consideration (i) corporate transactions involving the Holdings that result in an indirect transfer of Bound Shares to a third party, (ii) in the case of investment funds whose management is not discretionary, the transfer of ownership of the majority of its shares, and (iii) in the case of investment funds with discretionary management, the replacement of the manager or the sale of its shareholding control.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.1.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp; </font>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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>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 <font style="font-style: italic; line-height: inherit;">in rem</font> right of fruition or other security interest, except for the ones that are of knowledge of the Parties on the date hereof.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>It shall be prohibited for any Holding to Encumber any Bound Shares without the prior express consent of the other Holding.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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&#8217;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&#8217; or quotaholders&#8217; agreements of the Holdings, and, second, if it is still the case, with the provisions of this Agreement.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Pursuant to the provisions of Section 1.3 of this Agreement, the Holdings Partners 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&#8217; or quotaholders&#8217; agreements of the Holdings (or&nbsp; the Holdings Partners), if a legal entity or investment funds, 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: <font style="font-weight: bold; line-height: inherit;">(a) </font>whenever such Disposal or Encumbrance is <font style="font-weight: bold; line-height: inherit;">(i) </font>between ascendants, descendants, or spouses; <font style="font-weight: bold; line-height: inherit;">(ii) </font>to holding companies which capital stock is wholly owned by a Holding Partner or by the partners with a stake in i by its respective ascendants, descendants, or spouse; <font style="font-weight: bold; line-height: inherit;">(iii) </font>between a Holding Partner and the respective partners holding a stake in it, including in the case of dissolution of such Holding Partner, and, as the case may be, <font style="font-weight: bold; line-height: inherit;">(iv) </font>between investment funds who have the same manager; and <font style="font-weight: bold; line-height: inherit;">(b) </font>provided that such persons, without any restriction or condition, adhere to this Agreement in the capacity as Holding Partner.</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>11</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
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<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION FIVE</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">RIGHT OF FIRST REFUSAL ON BOUND SHARES</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">5.1.<font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font></font>During the effective term of this Agreement, in the event either Holding intends to directly or indirectly Dispose of any Bound Shares (&#8220;<font style="text-decoration: underline; line-height: inherit;">Offering Shareholder</font>&#8221;) to a person who is not a signatory of this Agreement, it shall first offer such Bound Shares (&#8220;<font style="text-decoration: underline; line-height: inherit;">Offered Shares</font>&#8221;) to the other Holding (&#8220;<font style="text-decoration: underline; line-height: inherit;">Offered Shareholder</font>&#8221;) 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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">Notice of Offer</font>&#8221;). 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) days from receipt of the Notice of Offer (&#8220;<font style="text-decoration: underline; line-height: inherit;">Right of First Refusal</font>&#8221;).</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">5.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The Notice of Offer shall: <font style="font-weight: bold; line-height: inherit;">(i) </font>specify the name and full qualification of whoever is interested in acquiring the Offered Shares (&#8220;<font style="text-decoration: underline; line-height: inherit;">Offeror</font>&#8221;), identifying, if it is a legal entity, its controlling or main shareholders, up to the level of the individuals; <font style="font-weight: bold; line-height: inherit;">(ii) </font>inform the number of Offered Shares and the total price and the price per share, in domestic currency; <font style="font-weight: bold; line-height: inherit;">(iii) </font>detail the payment conditions of the proposed Disposal; and <font style="font-weight: bold; line-height: inherit;">(iv) </font>be followed by a copy of the offer or equivalent document presented by the Offeror (&#8220;<font style="text-decoration: underline; line-height: inherit;">Offer</font>&#8221;).</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">5.3.<font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font></font>In the event the Offered Shareholder decides to exercise the Right of First Refusal and acquire the Offered Shares (&#8220;<font style="text-decoration: underline; line-height: inherit;">Accepting Shareholder</font>&#8221;), it shall communicate to the Offering Shareholder within thirty (30) days from the date of receipt of the Notice of Offer (&#8220;<font style="text-decoration: underline; line-height: inherit;">Exercise Period</font>&#8221;) its irrevocable and irreversible decision to exercise the Right of First Refusal to acquire the Offered Shares (&#8220;<font style="text-decoration: underline; line-height: inherit;">Notice of Exercise of Right of First Refusal</font>&#8221;).</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">5.4.<font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font></font>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) days from the Notice of Exercise of the Right of First Refusal, upon the execution of a Share Transfer Order &#8211; STA (<font style="font-style: italic; line-height: inherit;">Ordem</font><font style="font-style: italic; line-height: inherit;"> de </font><font style="font-style: italic; line-height: inherit;">Transfer&#234;ncia</font><font style="font-style: italic; line-height: inherit;"> de </font><font style="font-style: italic; line-height: inherit;">A&#231;&#245;es</font><font style="font-style: italic; line-height: inherit;"> &#8211; OTA</font>) to the entity in charge of the Company&#8217;s book entry shares.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">5.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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&#8217;s Tag Along Right, as defined in Section Seven below, the Offering Shareholder may, at its discretion and within thirty (30) 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION SIX</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">RIGHT OF FIRST REFUSAL IN CASE OF </font><font style="font-weight: bold; line-height: inherit;">ATTACHMENT</font></font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">6.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event any Bound Shares owned by one of the Holdings suffer an Attachment (&#8220;<font style="text-decoration: underline; line-height: inherit;">Attached Shares</font>&#8221;), such Holding shall notify the other Holding so to inform the Attachment on Bound Shares held by it within up to five (5) days from the date that such Holding is informed of the Attachment (&#8220;<font style="text-decoration: underline; line-height: inherit;">Notice of Attachment</font>&#8221;).</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">6.1.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp; </font>For the purposes of this Agreement, &#8220;<font style="text-decoration: underline; line-height: inherit;">Attachment</font>&#8221; shall mean an attachment (<font style="font-style: italic; line-height: inherit;">penhora</font>), sequestration (<font style="font-style: italic; line-height: inherit;">arresto</font>), 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">6.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The Notice of Attachment shall be accompanied by: <font style="font-weight: bold; line-height: inherit;">(i) </font>a copy of the court order or equivalent decision ordering the Attachment; <font style="font-weight: bold; line-height: inherit;">(ii) </font>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 <font style="font-weight: bold; line-height: inherit;">(iii) </font>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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">6.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The Holding that owns the Attached Shares shall have sixty (60) 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">6.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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) days from the end of the period referred to in Section 6.3 above informing it of its irrevocable and irreversible decision to exercise the right of first refusal to acquire the Attached Shares (&#8220;<font style="text-decoration: underline; line-height: inherit;">Notice of Exercise of Right of First Refusal on Attached Shares</font>&#8221;).</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">6.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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. &#8211; Brasil, Bolsa e Balc&#227;o during the ninety (90) days preceding the date of the Notice of Exercise of Right of First Refusal on Attached Shares (&#8220;<font style="text-decoration: underline; line-height: inherit;">Acquisition Price of Attached Shares</font>&#8221;).</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">6.6.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">Deposit</font>&#8221;).</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">6.7.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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) days from the date of the Deposit.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">6.8.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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) days from the date of the Deposit.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">6.9.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The transfer of ownership and title to the Attached Shares shall be effected by means of the execution of a Share Transfer Order &#8211; STA (<font style="font-style: italic; line-height: inherit;">Ordem</font><font style="font-style: italic; line-height: inherit;"> de </font><font style="font-style: italic; line-height: inherit;">Transfer&#234;ncia</font><font style="font-style: italic; line-height: inherit;"> de </font><font style="font-style: italic; line-height: inherit;">A&#231;&#245;es</font><font style="font-style: italic; line-height: inherit;"> &#8211; OTA</font>) to the entity in charge of the Company&#8217;s book entry shares.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>13</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
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<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><br></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION SEVEN</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">TAG ALONG RIGHT</font><font style="font-weight: bold; line-height: inherit;"> </font></font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">7.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">Tag Along Right</font>&#8221;), in the following events and by the following means:</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 54pt; text-align: justify; text-indent: -36pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">(i)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event that <font style="font-weight: bold; line-height: inherit;">(a)</font><font style="font-style: italic; line-height: inherit;"> </font>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 <font style="font-weight: bold; line-height: inherit;">(b)</font><font style="font-style: italic; line-height: inherit;"> </font>the Offering Shareholder has not Disposed of any Bound Shares during the twelve (12) months preceding the date of the Notice of Offer (&#8220;<font style="text-decoration: underline; line-height: inherit;">Period</font>&#8221;), 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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">Offer Price</font>&#8221;), 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 <font style="font-style: italic; line-height: inherit;">pro rata </font>to their respective stakes in the total number of Bound Shares (&#8220;<font style="text-decoration: underline; line-height: inherit;">Shares to be Jointly Disposed of</font>&#8221;); and</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 54pt; text-align: justify; text-indent: -36pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">(ii)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event, however, that <font style="font-weight: bold; line-height: inherit;">(a)</font> the Offering Shareholder has Disposed of Bound Shares in the Period; and <font style="font-weight: bold; line-height: inherit;">(b)</font> the Offered Shares, as per the Notice of Offer, plus the Bound Shares already Disposed of by the Offering Shareholder in the Period (&#8220;<font style="text-decoration: underline; line-height: inherit;">Total Disposed of Shares</font>&#8221;), 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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">Percentage of the Total Disposed of Shares</font>&#8221;), then:</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 70.8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 70.8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">(y)</font><font style="font-style: italic; line-height: inherit;"> </font>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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">Bound Shares to be Added to the Sale</font>&#8221;); and</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 70.8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">(z)</font><font style="font-style: italic; line-height: inherit;"> </font>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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">7.1.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The provisions of Section 7.1(ii) above shall apply irrespective of the Tag Along Right or of the Holding Partner&#8217;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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 54pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">7.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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) days from the date of receipt of the Notice of Offer.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>14</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><br></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">7.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event the Offered Shareholder does not exercise its Tag Along Right within the term provided for in Section 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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">Holding Partner&#8217;s Tag Along Right</font>&#8221;). The Holding Partner&#8217;s Tag Along Right may be exercised up to the end of the Exercise Period referred to in Section 5.3 above, by means of a notice to be sent to the Offered Shareholder <font style="font-weight: bold; line-height: inherit;">(i)</font> informing of the irrevocable and irreversible exercise of the Holding Partner&#8217;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 <font style="font-weight: bold; line-height: inherit;">(ii) </font>presenting a copy of the Migration Notice referred to in Section 9.2 of this Agreement (&#8220;<font style="text-decoration: underline; line-height: inherit;">Notice of Exercise of Holding Partner&#8217;s Tag Along Right</font>&#8221;). Not later than three (3) 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&#8217;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&#8217;s Tag Along Right it may have received.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">7.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event of exercise of a Holding Partner&#8217;s Tag Along Right, the lot of Offered Shares to be Disposed of to the Offeror shall be formed by the Offering Shareholder&#8217;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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">7.4.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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&#8217;s Tag Along Right, subject to a maximum period of ninety (90) days from the date the Notices of Exercise of Holding Partner&#8217;s Tag Along Right were sent by the Offered Shareholder to the Offering Shareholder.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">7.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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&#8217;s Tag Along Right, as applicable, shall be effected by means of the execution of a Share Transfer Order &#8211; STA (<font style="font-style: italic; line-height: inherit;">Ordem</font><font style="font-style: italic; line-height: inherit;"> de </font><font style="font-style: italic; line-height: inherit;">Transfer&#234;ncia</font><font style="font-style: italic; line-height: inherit;"> de </font><font style="font-style: italic; line-height: inherit;">A&#231;&#245;es</font><font style="font-style: italic; line-height: inherit;"> &#8211; OTA</font>) to the entity in charge of the Company&#8217;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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">7.6.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event the Tag Along Right or the Holding Partner&#8217;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 5.5 above.</font><font style="font-size: 10pt; line-height: inherit;"><br></font></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>15</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
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<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION EIGHT</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">RIGHT OF FIRST REFUSAL ON HOLDINGS SHARES AND QUOTAS</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">8.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The corporate documents of each Holding shall provide for <font style="font-weight: bold; line-height: inherit;">(i) </font>a first degree right of first refusal, that is, each Holding Partner&#8217;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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">First Degree </font><font style="text-decoration: underline; line-height: inherit;">Right of First Refusal</font>&#8221;); <font style="font-weight: bold; line-height: inherit;">(ii) </font>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, <font style="font-weight: bold; line-height: inherit;">(iii) </font>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 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) of this Section 8.1.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">8.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event the Holding Partner (&#8220;<font style="text-decoration: underline; line-height: inherit;">Offering Partner</font>&#8221;) intends to directly or indirectly Dispose of <font style="text-decoration: underline; line-height: inherit;">Holding Shares or Quotas</font>, 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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">Offered Partners</font>&#8221;), by means of a notice (&#8220;<font style="text-decoration: underline; line-height: inherit;">Notice of Offer from Holding Partner</font>&#8221;), 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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">Offered Indirect Stake</font>&#8221;), within thirty (30) days (&#8220;<font style="text-decoration: underline; line-height: inherit;">Second Degree Right of First Refusal</font>&#8221;).</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">8.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The Notice of Offer from Holding Partner shall: <font style="font-weight: bold; line-height: inherit;">(i) </font>specify the name and full qualification of whoever is interested in acquiring the Offered Indirect Stake (&#8220;<font style="text-decoration: underline; line-height: inherit;">Potential Acquirer</font>&#8221;), identifying, if it is a legal entity, its controlling or main shareholders, up to the level of the individuals; <font style="font-weight: bold; line-height: inherit;">(ii) </font>inform the number of shares issued by Ultrapar comprised in the Offered Stake and the proportion such number represent of Ultrapar&#8217;s capital stock, as well as the total price and the price per share, in domestic currency, and the payment due date; and <font style="font-weight: bold; line-height: inherit;">(iii) </font>be accompanied by a copy of the offer or equivalent document presented by the Potential Acquirer (&#8220;<font style="text-decoration: underline; line-height: inherit;">Indirect Stake Offer</font>&#8221;). 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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">8.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event any Offered Partner decides to exercise the Second Degree Right of First Refusal to acquire the Offered Indirect Stake (&#8220;<font style="text-decoration: underline; line-height: inherit;">Accepting Partner</font>&#8221;), it shall notify the Holding in which it holds a stake within thirty (30) days from the date of receipt by such Holding of the Notice of Offer from Holding Partner (&#8220;<font style="text-decoration: underline; line-height: inherit;">Exercise </font><font style="text-decoration: underline; line-height: inherit;">Period of </font><font style="text-decoration: underline; line-height: inherit;">the Second Degree Right of First Refusal</font>&#8221;), informing of the irrevocable and irreversible exercise of the Second Degree Right of First Refusal to acquire the whole Offered Stake (&#8220;<font style="text-decoration: underline; line-height: inherit;">Notice of Exercise of Second Degree Right of First Refusal</font>&#8221;). Not later than three (3) days after the end of the Exercise Period of the Second Degree Right of First Refusal, the Offered Partners&#8217; 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&#8217; Holding shall also forward to the other Holding copies of all Notices of Exercise of Holding Partner&#8217;s Tag Along Right it may have received.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">8.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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 <font style="font-style: italic; line-height: inherit;">pro rata</font> to each Accepting Partner&#8217;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.</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>16</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
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<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">8.6.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The acquisition of the Offered Stake shall be effected by means of the following steps: <font style="font-weight: bold; line-height: inherit;">(i) </font>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; <font style="font-weight: bold; line-height: inherit;">(ii) </font>acquisition of shares issued by Ultrapar in the exact terms of the Notice of Offer from Holding Partner within thirty (30) days from the Notice of Exercise of Second Degree Right of First Refusal, upon the execution of a Share Transfer Order &#8211; STA (<font style="font-style: italic; line-height: inherit;">Ordem</font><font style="font-style: italic; line-height: inherit;"> de </font><font style="font-style: italic; line-height: inherit;">Transfer&#234;ncia</font><font style="font-style: italic; line-height: inherit;"> de </font><font style="font-style: italic; line-height: inherit;">A&#231;&#245;es</font><font style="font-style: italic; line-height: inherit;"> &#8211; OTA</font>) to the entity in charge of the Company&#8217;s book entry shares; and <font style="font-weight: bold; line-height: inherit;">(iii) </font>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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">8.6.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp; </font>Each Holding Partner hereby undertakes <font style="font-weight: bold; line-height: inherit;">(i)</font> to approve the capital increase of the Holding of which it is a partner in order to comply with the provisions of Section 8.6 above; and <font style="font-weight: bold; line-height: inherit;">(ii) </font>not to exercise the preemptive right to which it will be entitled by virtue of such capital increase.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">8.7.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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) 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 (30)-day period referred to in this Section 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">8.8.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event any tag along right on Holding Shares or Quotas, established for the benefit of a Holding Partner in the Holdings&#8217; 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 <font style="font-style: italic; line-height: inherit;">pro rata</font> portion of the Offered Indirect Stake. </font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>17</font></font></td>
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<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><br></font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION NINE</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">MIGRATION RIGHT</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">9.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The Holdings Partners shall be allowed to swap their direct stakes in the Holdings&#8217; capital stock for shares issued by Ultrapar, as provided for and according to the legal form established in the Holdings&#8217; corporate documents, subject to the provisions of this Section Nine (&#8220;<font style="text-decoration: underline; line-height: inherit;">Migration</font>&#8221;). 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">9.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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 <font style="font-weight: bold; line-height: inherit;">(i) </font>the number of shares or quotas of the Holding&#8217;s capital stock that he/she/it intends to swap; <font style="font-weight: bold; line-height: inherit;">(ii) </font>the corresponding number of shares issued by Ultrapar (&#8220;<font style="text-decoration: underline; line-height: inherit;">Migration Notice</font>&#8221;). The Holding shall forward a full copy of the Migration Notice forthwith to each Holding Partner holding a stake in it.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">9.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Within up to fifteen (15) 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) 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) days after such communication. </font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">9.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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 <font style="font-style: italic; line-height: inherit;">pro rata </font>to the number of shares issued by Ultrapar that each one accepted to swap.<font style="vertical-align: super; line-height: inherit;"> </font>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 9.5 below.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">9.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event none of the Holding Partners accepts the swap, or the swap is accepted only in part as set forth in Section 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&#8217; or partners&#8217; 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;" class="pageno"><font class='pageno'>18</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times; line-height: inherit;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><br></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">SECTION TEN</font><font style="font-weight: bold; line-height: inherit;"> </font></font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">ADHERENCE TO THE AGREEMENT UPON VOLUNTARY DISPOSAL OR ENCUMBRANCE</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">10.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The Holdings and the Holdings Partners hereby agree that it shall be a condition of the validity <font style="font-weight: bold; line-height: inherit;">(i)</font> of any Disposal of Bound Shares or Holding shares or quotas, <font style="font-weight: bold; line-height: inherit;">(ii)</font> of any Encumbrance of Bound Shares or Holding shares or quotas which results in a transfer of voting rights, as well as <font style="font-weight: bold; line-height: inherit;">(iii)</font> 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION ELEVEN</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">ADHERENCE TO THE AGREEMENT UPON INVOLUNTARY DISPOSAL</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">11.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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 common-law marriage equivalent (<font style="font-style: italic; line-height: inherit;">uni&#227;o</font><font style="font-style: italic; line-height: inherit;"> </font><font style="font-style: italic; line-height: inherit;">est&#225;vel</font>), or cohabitation (<font style="font-style: italic; line-height: inherit;">concubinato</font>) 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">11.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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, common-law marriage equivalent (<font style="font-style: italic; line-height: inherit;">uni&#227;o</font><font style="font-style: italic; line-height: inherit;"> </font><font style="font-style: italic; line-height: inherit;">est&#225;vel</font>) or cohabitation (<font style="font-style: italic; line-height: inherit;">concubinato</font>), 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION TWELVE</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">EFFECTIVE TERM AND SUCCESSORS</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">&nbsp;</font></font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">12.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>This Agreement is executed in an irrevocable and irreversible capacity and shall remain in force for five (5) 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) months before its final term. </font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">12.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event this Agreement is terminated by Parth as per Section 12.1 above, it shall remain in force between the Ultra Partners which shall remain bound to all its terms and conditions for an additional five (5) years from the date the Agreement was terminated; provided that, in this case, <font style="font-weight: bold; line-height: inherit;">(i) </font>all references to &#8220;Party&#8221; or &#8220;Parties&#8221; shall apply to the Ultra Partners; and <font style="font-weight: bold; line-height: inherit;">(ii)</font> Sections Four, Five, Six, Seven, and Eight shall no longer be in force.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">12.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>This Agreement shall be binding, in all its terms and conditions, on the Holdings&#8217; successors, and the Holdings Partners&#8217; successors, heirs and sharecroppers, subject to any restrictions on the entry of third parties under the terms of the Holdings&#8217; corporate documents, pursuant to Section 8.1 of this Agreement.</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>19</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
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<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION THIRTEEN</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SPECIFIC PERFORMANCE</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">13.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The Holdings and the Holdings Partners, 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">13.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>As provided for in Section 13.1 above, noncompliance by the Holdings or by the Holdings Partners, 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">13.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>For the purposes of Article 118 of Law no. 6404/76, one counterpart 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">13.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">13.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In addition, the restrictions on Disposals and Encumbrances of equity stakes referred to in this Agreement shall be annotated in the respective Ultra&#8217;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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>20</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
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<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION FOURTEEN</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">APPLICABLE LAW AND DISPUTE RESOLUTION</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">14.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>This Agreement shall be governed by and construed pursuant to the laws of the Federative Republic of Brazil.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">14.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Any omissions, doubts, disputes, conflicts, or controversies (&#8220;<font style="text-decoration: underline; line-height: inherit;">Controversy</font>&#8221;) among the signatories arising out of or related to this Agreement shall be submitted, within up to thirty (30) 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">14.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event there is no unanimous consent as to the appointment of the single conciliator within the time period set forth in Section 14.2 above, the interested party (the Holdings or the Holdings Partners, as the case may be) shall submit the Controversy to a final and binding arbitration by the Market Arbitration Chamber of B3 S.A. - Brasil, Bolsa e Balc&#227;o (&#8220;<font style="text-decoration: underline; line-height: inherit;">CAM</font>&#8221;), under its arbitration rules in force on the date of the request for arbitration (&#8220;<font style="text-decoration: underline; line-height: inherit;">Rules</font>&#8221;) 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">14.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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&#227;o Paulo, State of S&#227;o Paulo, Brazil. The language of the arbitration shall be Portuguese. </font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">14.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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. </font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">14.6.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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&#227;o Paulo, State of S&#227;o Paulo, as the court of exclusive jurisdiction, waiving any others, however special or privileged they may be.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><br></p>
<h1 style="line-height: 17pt; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION FIFTEEN</font></h1>
<h1 style="line-height: 17pt; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">COMMUNICATIONS AND NOTICES</font></h1>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">15.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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 <font style="font-weight: bold; line-height: inherit;">(i) </font>any electronic means with proof of receipt; <font style="font-weight: bold; line-height: inherit;">(ii) </font>a<font style="font-weight: bold; line-height: inherit;"> </font>titles and deeds registrar; or <font style="font-weight: bold; line-height: inherit;">(iii) </font>registered mail, return receipt requested.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">15.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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.</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>21</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
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<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><br></font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION SIXTEEN</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">MISCELLANEOUS</font><font style="font-weight: bold; line-height: inherit;"> AND PROVISIONAL PROVISIONS</font></font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; letter-spacing: -0.2pt; line-height: inherit;">16.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="letter-spacing: -0.2pt; line-height: inherit;">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&#8217;s right to enforce them in the future, except if otherwise provided for in this Agreement.</font></font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.2pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; letter-spacing: -0.2pt; line-height: inherit;">16.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="letter-spacing: -0.2pt; line-height: inherit;">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 </font><font style="letter-spacing: -0.2pt; line-height: inherit;">contained</font><font style="letter-spacing: -0.2pt; line-height: inherit;"> in this Agreement or waiver of the rights that are attributed to </font><font style="letter-spacing: -0.2pt; line-height: inherit;">such signatory</font><font style="letter-spacing: -0.2pt; line-height: inherit;"> by virtue of this Agreement.</font></font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.2pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">16.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="letter-spacing: -0.2pt; line-height: inherit;">Any </font><font style="letter-spacing: -0.2pt; line-height: inherit;">amendment</font><font style="letter-spacing: -0.2pt; line-height: inherit;"> or </font>change of this Agreement shall only be made and shall only be effective upon all signatories&#8217; written consent.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">16.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">16.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event of conflict or incompatibility among the corporate documents or other shareholders&#8217; or quotaholders&#8217; agreements of the Holdings and this Agreement, the provisions of this Agreement shall prevail.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">16.6.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">16.7.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The Holdings and the Holdings Partners 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&#8217; or quotaholders&#8217; agreements of the Holdings, and provided that <font style="font-weight: bold; line-height: inherit;">(a)</font> they do not conflict with this Agreement, subject to the provisions of Section 1.3 above, and <font style="font-weight: bold; line-height: inherit;">(b)</font> 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">16.8.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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&#227;o Paulo.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">16.9.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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.</font></p>
<p style="margin: 0pt 0pt 0pt 35.4pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">16.10.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;"> </font> On this date, (i) a Plenary Previous Meeting will be held, in which the Holdings Partners shall elect the RPO Members, who, exceptionally, will have a mandate coinciding with that of Ultrapar&#8217;s members of the board of directors that may be elected at the 2021 ordinary general meeting, and (ii) an Ordinary Previous Meeting will be held, that will elect its chairman.</font></p>
<p style="margin: 0pt 0pt 0pt 35.4pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">IN WITNESS WHEREOF, the Holdings and the Holdings Partners execute this Agreement in [5 (five)] counterparts with the same form and contents, before the two undersigned witnesses.</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>22</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
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<p><br></p>
<p style="line-height: 17pt; /* margin: 0pt 0pt 0pt 35.45pt; */break-after: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<p style="line-height: 17pt; /* margin: 0pt 0pt 0pt 35.45pt; */break-after: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;">S&#227;o Paulo, August 18, 2020.</font></p>
<p style="line-height: 17pt; margin: 0pt 0pt 0pt 35.45pt; page-break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">_____________________________________</font></p>
<p style="line-height: 17pt; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">ULTRA S.A. PARTICIPA&#199;&#213;ES</font></p>
<p style="line-height: 17pt; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; font-weight: bold;">&nbsp;</font><font style="font-size: 10pt; font-weight: bold;">&nbsp;</font></font></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">_____________________________________</font></p>
<p style="line-height: 17pt; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">PARTH DO BRASIL PARTICIPA&#199;&#213;ES LTDA.</font></p>
<p style="line-height: 17pt; margin: 0pt; text-align: justify;"><font style="font-family: Cambria; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>23</font></font></td>
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<p style="line-height: 17pt; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In the capacity as intervening parties and bound by the provisions of this Agreement:</font></p>
<p style="line-height: 17pt; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="line-height: 17pt; margin: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">Ultra</font><font style="font-weight: bold;"> Partner</font><font style="font-weight: bold;">s</font><font style="font-weight: bold;">:</font></font></p>
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<p style="font-size: 11pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 11pt; line-height: 200%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">ANA MARIA LEVY VILLELA IGEL</font></p>
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<p style="font-size: 11pt; line-height: 200%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">FABIO IGEL</font></p>
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<p style="font-size: 11pt; line-height: 200%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<p style="font-size: 11pt; line-height: 200%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<p style="font-size: 12pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">M&#193;RCIA IGEL JOPPERT</font></p>
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<p style="font-size: 12pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">ROG&#201;RIO IGEL</font></p>
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<p style="font-size: 12pt; line-height: 200%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<p style="font-size: 12pt; line-height: 200%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">JOYCE IGEL DE CASTRO ANDRADE</font></p>
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<p style="font-size: 12pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">LUCIO DE CASTRO ANDRADE FILHO</font></p>
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<p style="font-size: 12pt; line-height: 200%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<p style="font-size: 12pt; line-height: 200%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<p style="font-size: 12pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">IGELPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="margin: 0pt; break-after: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">F&#225;bio </font><font style="font-weight: bold;">Igel</font></font></p>
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<p style="font-size: 12pt; line-height: 200%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">PEDRO WONGTSCHOWSKI</font></p>
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<p style="font-size: 12pt; line-height: 200%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<p style="font-size: 12pt; line-height: 200%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
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<tr style="height: 76px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt; height: 76px;">
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">CHRISTY PARTICIPA&#199;&#213;ES LTDA.</font></p>
<p style="margin: 0pt; break-after: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">H&#233;lio Marcos Coutinho Beltr&#227;o</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt; height: 76px;">
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">H&#201;LIO MARCOS COUTINHO BELTR&#195;O</font></p>
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<tr style="height: 33px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt; height: 33px;">
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt; height: 33px;">
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 91px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt; height: 91px;">
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">BRUNO IGEL</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt; height: 91px;">
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">ANA ELISA ALVES CORR&#202;A IGEL</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
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<tr style="height: 58px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt; height: 58px;">
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">ROBERTO DE CASTRO ANDRADE</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt; height: 58px;">
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">BETTINA DE CASTRO ANDRADE GASPARIAN</font></p>
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<tr style="height: 33px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt; height: 33px;">
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt; height: 33px;">
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
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<tr style="height: 91px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt; height: 10px;">
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">ROBERTA JOPPERT FERRAZ</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt; height: 10px;">
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">SANDRA JOPPERT </font></font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt; height: 10px;">
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-weight: bold;">&nbsp;<font>&nbsp;</font></font><font style="font-weight: bold;">P&#193;TRIA PRIVATE EQUITY VI FIP</font><br></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-weight: bold;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MULTIESTRAT&#201;GIA</font><br></font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-weight: bold;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;<br></font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt; height: 10px;"><br></td>
</tr>

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<div>
<p><br></p>
<br></div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>24</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 17pt; margin: 0pt;"><br></p>
<p style="line-height: 17pt; margin: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">Parth</font><font style="font-weight: bold;"> Partners:</font></font></p>
<p style="line-height: 17pt; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt;">
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">BETTINA IGEL HOFFENBERG</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">Jean Pierre Roy Jr. (attorney-in-fact</font><font style="font-weight: bold;">)</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt;">
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">VENUS QUARTZ LLC</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Jean Pierre Roy Jr. (attorney-in-fact)</font></p>
</td>
</tr>
<tr>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt;">
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt;">
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt;">
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">JENNINGS LUIS IGEL HOFFENBERG</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt;">
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">PEDRO IGEL DE BARROS SALLES</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt;">
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt;">
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>

</table>
<p style="line-height: 17pt; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Witnesses:</font></p>
<p style="line-height: 17pt; margin: 0pt;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt;">
<p style="font-size: 12pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">___________________________________________</font></p>
<p style="font-size: 12pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Name:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
<p style="font-size: 12pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">I.D.:</font></p>
<p style="font-size: 12pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">CPF: </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt;">
<p style="font-size: 12pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">___________________________________________</font></p>
<p style="font-size: 12pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Name:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
<p style="font-size: 12pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">I.D.:</font></p>
<p style="font-size: 12pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">CPF: </font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: center;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>25</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 10.5pt; margin: 0pt; text-align: center;"><img src="imgi1uod23x1o505570341.jpg" alt="Image1"></p>
<p style="line-height: 10.5pt; margin: 0pt 0pt 0pt 128pt;"><font style="font-family: Tahoma; font-size: 10.5pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="line-height: 10.5pt; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10.5pt; font-weight: bold; letter-spacing: 0.8pt;">ULTRAPAR</font><font style="font-size: 10.5pt; font-weight: bold; letter-spacing: 0.8pt;"> </font><font style="font-size: 10.5pt; font-weight: bold; letter-spacing: 0.8pt;">PARTICIPA&#199;&#213;ES</font><font style="font-size: 10.5pt; font-weight: bold; letter-spacing: 0.8pt;"> </font><font style="font-size: 10.5pt; font-weight: bold; letter-spacing: 0.8pt;">S.A.</font></font></p>
<p style="line-height: 10.5pt; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10.5pt; font-weight: bold; letter-spacing: 0.8pt;"><br></font></font></p>
<div style="background-color: #ffffff; margin: 6pt 0pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="BMN_59FZ7623NK00000000000000000000" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">MATERIAL NOTICE</font></a></div>
<p style="background-color: #ffffff; margin: 6pt 0pt; text-align: center;"><font style="font-family: 'Open Sans'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-indent: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NEW SHAREHOLDERS&#8217; AGREEMENT OF ULTRA S.A. AND PARTH DO BRASIL</font></p>
<p style="line-height: 16pt; margin: 12pt 0pt 0pt; text-align: center;"><font style="font-family: 'Open Sans'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><br></font></p>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-weight: bold;">S&#227;o Paulo, August 18, 2020</font><font> </font><font>&#8211;</font><font> </font><font>Ultrapar</font><font> </font><font>Participa&#231;&#245;es</font><font> </font><font>S.A.</font><font> </font><font>(B3:</font><font> </font><font>UGPA3;</font><font> </font><font>NYSE:</font><font> </font><font>UGP,</font><font> </font><font>&#8220;</font><font>Ultrapar</font><font>&#8221;</font><font> or </font><font>&#8220;</font><font>Company</font><font>&#8221;)</font><font> </font><font>informs that it has been notified, on this date, by</font><font> </font><font>Ultra</font><font> </font><font>S.A.</font><font> </font><font>Participa&#231;&#245;es</font><font> </font><font>(&#8220;Ultra</font><font> </font><font>S.A.&#8221;)</font><font> </font><font>and </font><font>Parth</font><font> </font><font>do</font><font> </font><font>Brasil</font><font> </font><font>Participa&#231;&#245;es</font><font> </font><font>Ltda.</font><font> </font><font>(&#8220;</font><font>Parth</font><font>&#8221;)</font><font> that a new shareholders agreement (&#8220;Agreement&#8221;) was executed, </font><font>replacing</font><font> the agreement entered into </font><font>by the same parties </font><font>on</font><font> May 2, </font><font>2018</font><font>.</font><font> </font></font></p>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font>The</font><font> Agreement, </font><font>whose</font><font> </font><font>terms and conditions are</font><font> </font><font>similar to</font><font> </font><font>those </font><font>set forth in the</font><font> previous</font><font> agreement,</font><font> shall be effective for five years</font><font> as </font><font>from </font><font>this date</font><font>, automatically renewable for the same period</font><font>.</font></font></p>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font>Additionally, t</font><font>he Agreement binds</font><font> the vote of</font><font> shares </font><font>currently </font><font>representing </font><font>34</font><font>.</font><font>17%</font><font> of the Company&#8217;s capital stock</font><font>, and includes</font><font> </font><font>P&#225;tria</font><font> Private Equity VI FIP </font><font>Multiestrat&#233;gia</font><font> </font><font>as a shareholder </font><font>of Ultra S.A. </font><font>with</font><font> 20% of </font><font>its</font><font> </font><font>capital stock </font><font>and </font><font>as</font><font> a</font><font> signatory of the Agreement</font><font>, as well as</font><font> </font><font>the reorganization of the equity interest held by some </font><font>shareholders of Ultra S.A. and </font><font>Parth</font><font>.</font><font> </font></font></p>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font>In addition, in order to contribute with relevant skills and knowledge to the Board of Directors</font><font> of the Company, a</font><font>n</font><font> </font><font>extraordinary general </font><font>shareholders&#8217; </font><font>meeting </font><font>was called for September 22, 2020</font><font>, </font><font>to </font><font>deliberate upon the election of</font><font> Mr. </font><font>Alexandre</font><font>&nbsp;Tavares&nbsp;</font><font>Assump&#231;&#227;o</font><font> </font><font>Saigh</font><font> as </font><font>a </font><font>member of the Board of Directors</font><font>.</font><font> </font></font></p>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font>Mr. </font><font>Saigh</font><font> </font><font>has a </font><font>thorough</font><font> </font><font>experience in portfolio management and </font><font>is</font><font> the co-founder</font><font> and </font><font>a </font><font>member</font><font> of the</font><font> </font><font>Execut</font><font>ive</font><font> </font><font>Committee </font><font>of</font><font> </font><font>P&#225;tria</font><font> </font><font>Investimentos</font><font>.</font><font> </font><font>Should the candidate be elected</font><font>, the Board of Directors of the Company </font><font>will </font><font>be composed of eleven members for the mandate in course, </font><font>with term of office until the Annual General Shareholders</font><font>&#8217;</font><font> Meeting to be held </font><font>in</font><font> </font><font>2021</font><font>. </font></font></p>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font>The </font><font>entire </font><font>Agreement</font><font>, </font><font>the </font><font>notice received by the Company</font><font> and </font><font>all </font><font>documents</font><font> </font><font>related to the </font><font>extraordinary general </font><font>shareholders&#8217; </font><font>meeting </font><font>are available at </font><font>Ultrapar&#8217;s</font><font> website and were filed </font><font>with</font><font> </font><font>the Company&#8217;s head</font><font>quarter</font><font>,</font><font> </font><font>B3</font><font> </font><font>S.A.</font><font> </font><font>&#8211;</font><font> </font><font>Brasil</font><font>,</font><font> </font><font>Bolsa</font><font> </font><font>e</font><font> </font><font>Balc&#227;o</font><font>,</font><font> </font><font>CVM</font><font> </font><font>&#8211;</font><font> Brazilian Securities and Exchange Commission and </font><font>SEC</font><font> </font><font>&#8211;</font><font> </font><font>Securities</font><font> </font><font>and</font><font> </font><font>Exchange</font><font> </font><font>Commission</font><font>.</font></font><font style="background-color: #ffffff; font-family: 'Open Sans'; font-size: 10.5pt; letter-spacing: 0.8pt;"> </font></p>
<p style="line-height: 16pt; margin: 12pt 0pt 0pt; text-align: center;"><font style="font-family: 'Open Sans'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="line-height: 16.8667px; /* margin: 0cm 0cm 10pt; */text-align: center; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font>Andr&#233;</font><font> </font><font>Pires</font><font> </font><font>de</font><font> </font><font>Oliveira</font><font> </font><font>Dias</font></font></p>
<p style="line-height: 16.8667px; /* margin: 0cm 0cm 10pt; */text-indent: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font>Financial </font><font>and</font><font> </font><font>Investors</font><font> </font><font>Relations</font><font> Officer</font></font></p>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-indent: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font>Ultrapar</font><font> </font><font>Participa&#231;&#245;es</font><font> </font><font>S.A.</font></font></p>
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<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-indent: 0px; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font>S</font><font>&#227;o</font><font> Paulo, August 18, 2020</font></font></p>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><br></font></p>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">To<br><font style="font-weight: bold;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.<br></font><br>At.&nbsp; &nbsp; &nbsp; &nbsp;Mr. Frederico Curado &#8211; Chief Executive Officer<br>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Mr.&nbsp;Andr&#233; Pires de Oliveira Dias &#8211; Chief Financial and Investor Relations Officer</font></p>
<p style="line-height: 16pt; margin: 12pt 0pt 0pt; text-align: center;"><font style="font-family: 'Open Sans'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Ref.: New Shareholders&#8217; Agreement of Ultrapar<br></font></p>
<p style="line-height: 16pt; margin: 12pt 0pt 0pt; text-align: center;"><font style="font-family: 'Open Sans'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font><font>Dear Sirs,<br></font><br><font>We hereby inform that, on this date, a new shareholders&#8217; agreement was entered into by and between&nbsp;Ultra S.A. Participa&#231;&#245;es (&#8220;Ultra S.A.&#8221;) and Parth do Brasil Ltda., replacing the agreement executed on&nbsp;May 2nd, 2018, in order to reflect the reorganization of the equity interest held by some of its&nbsp;shareholders, as well as to include P&#225;tria Private Equity VI FIP Multiestrat&#233;gia (&#8220;P&#225;tria&#8221;) as a&nbsp;shareholder of Ultra S.A. with 20% of its capital stock. (&#8220;Shareholders&#8217; Agreement&#8221;).<br><br></font></font><font>Considering P&#225;tria&#8217;s stake on Ultra S.A., the holdings represent, jointly, on this date, 32.44% of the&nbsp;capital stock of Ultrapar. Additionally, currently, 1.73% shall be binded by the rules for voting exercise&nbsp;set forth in the Shareholders&#8217; Agreement, that binds the total amount of 34.17% of the shares issued by Ultrapar.<br><br>The Shareholders&#8217; Agreement maintains the principles that have directed the Ultrapar&#8217;s shareholders&nbsp;according to the best interests of the Company and all shareholders.</font></font></p>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-indent: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><br><font>Regards,<br></font><br><font style="font-weight: bold;">Ultra S.A. Participa&#231;&#245;es</font></font></p>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-indent: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Parth do Brasil Participa&#231;&#245;es Ltda.</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>27</font></font></td>
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<p style="font-size: 10pt; line-height: 16.8667px; margin: 0cm 0cm 10pt; text-indent: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<h2 style="font-size: 10pt; line-height: 16.8667px; margin: 0cm 0cm 10pt; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font>Publicly-Traded</font><font> </font><font>Company</font></font></h2>
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<td style="width: 50%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">CNPJ n</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">r</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font>&nbsp;</font>33.256.439/0001-39</font></td>
<td style="width: 50%; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">NIRE 35.300.109.724</font></td>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div style="font-size: 10pt; line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: center; text-indent: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="BMOM_7B3U4T8BLS00000000000000000000" class="customBookmark"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px;">MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS</font></a></div>
<p><br></p>
<h2 style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: left; text-indent: 0px;"><font style="font-weight: bold; font-family: 'times new roman', times; font-size: 10pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Date, Time and Location:</font><font style="font-size: 10pt; font-weight: bold;">&nbsp;</font></h2>
<p style="font-size: 10pt; line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font>August 18, 2020, at 6 p.m., at the Company&#8217;s headquarters, located at Av. </font><font>Brigadeiro</font><font> Lu&#237;s</font><font> </font><font>Ant&#244;nio, n</font><font>r</font><font> 1343, 9</font><font>th</font><font> floor, in the City and State of S&#227;o Paulo, also contemplating participation through Microsoft Teams.</font></font></p>
<h2 style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: left; text-indent: 0px;"><font style="font-weight: bold; font-family: 'times new roman', times; font-size: 10pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Attendance:</font></h2>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: justify; text-indent: 0px;">(<font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">i) Members of the Board of Directors undersigned; (ii) Secretary of the Board of Directors, Mr. Andr&#233; Brickmann Areno; (iii) Chief Executive Officer, Mr. Frederico Pinheiro Fleury Curado;</font></font><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font> and</font><font> (iv) Chief Financial and Investor Relations Officer, Mr. Andr&#233; Pires de Oliveira Dias</font><font>.</font></font></p>
<h2 style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: left; text-indent: 0px;"><font style="font-weight: bold; font-family: 'times new roman', times; font-size: 10pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Agenda and decisions:</font></h2>
<table style="width: 100%; margin-left: 0.1px; height: 48px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 16px;">
<td style="height: 16px; width: 2%; vertical-align: top;" valign="top">1.</td>
<td style="height: 16px; width: 2%;"><br></td>
<td style="height: 16px; width: 96%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The members of the Board of Directors were updated on the proposal</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">s to<font>&nbsp;</font></font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">change the number of members that comprise the Board of Directors, from 10 (ten) to 11 (eleven) Directors, and the consequent election of a new member, which will be discussed<font>&nbsp;</font></font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">for</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font>&nbsp;</font>the approval<font>&nbsp;</font></font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">by</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font>&nbsp;</font>shareholders at the Extraordinary General Meeting of the Company. The Board manifested positively to these proposals.</font></td>
</tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top"><br></td>
<td style="height: 16px;"><br></td>
<td style="height: 16px;"><br></td>
</tr>
<tr style="height: 16px;">
<td style="height: 16px; vertical-align: top;" valign="top">2.</td>
<td style="height: 16px;"><br></td>
<td style="height: 16px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The members of the Board of Directors approved the calling of the Extraordinary Shareholders&#8217; Meeting, that shall be held on<font>&nbsp;</font></font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">September</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font>&nbsp;</font></font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">2</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">2</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">, 2020.</font></td>
</tr>

</table>
<p style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">&nbsp;</font></p>
<p><font style="font-size: 10pt;"><font style="font-weight: bold;">Note:</font> <font style="font-weight: bold; line-height: 16.8667px; margin: 0pt; padding-left: 0pt; text-align: left; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">T</font><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; line-height: 16.8667px; margin: 0pt; padding-left: 0pt; text-align: left; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">he</font> resolutions were approved, with no amendments or qualifications, by all Board Members.</font></font></font></p>
<p style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">&nbsp;</font></p>
<p><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">As there were no further matters to be discussed, the meeting was closed, the minutes of this meeting were written, read and approved by all the undersigned members present.</font></p>
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<p style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><font lang="PT-BR" style="line-height: inherit;">Jos&#233; Gall&#243;</font></b></font></p>
<p style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><font lang="PT-BR" style="line-height: inherit;">&nbsp;</font></b></font></p>
<p style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><font lang="PT-BR" style="line-height: inherit;">Jos&#233; Maur&#237;cio Pereira Coelho</font></b></font></p>
<p style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><font lang="PT-BR" style="line-height: inherit;">&nbsp;</font></b></font></p>
<p style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><font lang="PT-BR" style="line-height: inherit;">Nildemar Secches</font></b></font></p>
<p style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><font lang="PT-BR" style="line-height: inherit;">&nbsp;</font></b></font></p>
<p style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 10pt; line-height: inherit;"><font style="font-family: 'times new roman', times; line-height: inherit;"><b><font lang="PT-BR" style="line-height: inherit;">Andr&#233;&nbsp;</font></b></font></font><font style="font-family: arial, helvetica, sans-serif; font-size: 10pt; line-height: inherit;"><font style="font-family: 'times new roman', times; line-height: inherit;"><b></b></font></font><font style="font-family: arial, helvetica, sans-serif; font-size: 9pt; line-height: inherit;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><font lang="PT-BR" style="line-height: inherit;">Brickmann Areno &#8211;<font>&nbsp;</font></font></b><b><font style="line-height: inherit;">Secretary</font></b></font></font></p>
<p style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>28</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: arial, helvetica, sans-serif; font-size: 9pt; line-height: inherit;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><font style="line-height: inherit;"><a href="#TOC">Table of Contents</a></font></b></font></font></div>
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<font style="font-family: arial, helvetica, sans-serif; font-size: 9pt; line-height: inherit;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><font style="line-height: inherit;"><br></font></b></font></font>
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<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-indent: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font>(</font><font>Minutes of the Meet</font><font>ing&nbsp;of the Board of Directors of&nbsp;</font><font>Ultrapar</font><font>&nbsp;</font><font>Participa&#231;&#245;es</font><font>&nbsp;S.A.,&nbsp;</font><font>held on&nbsp;</font><font>August 1</font><font>8</font><font>, 20</font><font>20</font><font>)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></font></p>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-indent: 0px; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">S&#227;o Paulo, August 18, 2020</font></p>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-indent: 0px; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><br></font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Cambria; font-size: 11pt;">To</font></p>
<h2 style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: left; text-indent: 0px;"><font style="font-weight: bold; font-family: 'times new roman', times; font-size: 10pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></h2>
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<td style="width: 3%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">At.<font>&nbsp;</font></font></td>
<td style="width: 97%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Mr.<font>&nbsp;</font></font>Frederico<font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font></font>Curado<font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font>&#8211; Chief Executive Officer</font></td>
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<td><br></td>
<td><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Mr.<font>&nbsp;</font>Andr&#233;<font>&nbsp;</font>Pires<font>&nbsp;</font>de<font>&nbsp;</font>Oliveira<font>&nbsp;</font>Dias &#8211;<font>&nbsp;</font></font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Chief<font>&nbsp;</font></font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Financial and Investor Relations Officer</font></td>
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<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-indent: 0px; text-align: left;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font>Ref.: New Shareholders&#8217; Agreement of </font><font>Ultrapar</font></font></p>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-indent: 0px; text-align: left;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Dear Sirs,</font></p>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: left; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font>We hereby inform that, on this date, a new shareholders&#8217; agreement was entered into by and between Ultra S.A. </font><font>Participa&#231;&#245;es</font><font> (&#8220;Ultra S.A.&#8221;) and </font><font>Parth</font><font> do </font><font>Brasil</font><font> Ltda., replacing the agreement executed on May 2nd, 2018, </font><font>in order </font><font>to </font><font>reflect the reorganization of the equity interest held by some of its shareholders, as well as to include</font><font>&nbsp;P&#225;tria Private </font><font>Equity</font><font> VI FIP </font><font>Multiestrat&#233;gia</font><font> (&#8220;P&#225;tria&#8221;) as a shareholder of Ultra S.A. with 20% of its capital stock</font><font>&nbsp;(&#8220;Shareholders&#8217; Agreement&#8221;).</font></font></p>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: left; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font>Considering </font><font>P&#225;tria&#8217;s</font><font> stake on Ultra S.A., the holdings represent, jointly, on this date, 32.44% of the capital stock of </font><font>Ultrapar</font><font>. Additionally, currently, 1.73% shall be </font><font>binded</font><font> by the rules for voting exercise set forth in the Shareholders&#8217; Agreement, that binds the total amount of 34.17% of the shares issued by </font><font>Ultrapar</font><font>.</font></font></p>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: left; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font>The Shareholders&#8217; Agreement </font><font>maintains the principles that </font><font>have</font><font> </font><font>directed</font><font> </font><font>the</font><font> </font><font>Ultrapar&#8217;s</font><font> </font><font>shareholders</font><font> </font><font>according</font><font> </font><font>to</font><font> the best interests of the Company and all shareholders. </font></font></p>
<p style="line-height: 16.8667px; margin: 0cm 0cm 10pt; text-indent: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Regards,</font></p>
<h2 style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: center;"><font style="font-weight: bold; font-family: 'times new roman', times; font-size: 10pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Ultra S.A. Participa&#231;&#245;es</font></h2>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>29</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="line-height: 16pt; margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Cambria; font-size: 11pt; font-weight: bold; letter-spacing: 0.8pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">(</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Minutes of the Meet</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">ing&nbsp;of the Board of Directors of&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Participa&#231;&#245;es</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;S.A.,&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">held on&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">August 1</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">8</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">, 20</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">20</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></font></p>
<p style="line-height: 16pt; margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Cambria; font-size: 11pt; font-weight: bold; letter-spacing: 0.8pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><br></font></font></p>
<h2 style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; line-height: 16.8667px; margin: 0cm 0cm 10pt; text-align: center;"><font style="font-weight: bold; font-family: 'times new roman', times; font-size: 10pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Parth do Brasil Participa&#231;&#245;es Ltda.</font></h2>
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<p style="font-size: 11pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><img src="img4b3ieypy1ek05570341.jpg" alt="Graphics"></p>
<p style="font-size: 11pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div style="font-size: 20pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="BSHMM_IIW15NVISG00000000000000000000" class="customBookmark"><font style="color: #002658; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Shareholders&#8217; Meeting Manual</font></a></div>
<p style="font-size: 20pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #002658; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 20pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #002658; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Extraordinary General Shareholders&#8217; Meeting</font></p>
<p style="font-size: 16pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #002658; font-weight: bold;">of</font><font style="color: #002658; font-weight: bold;"> </font><font style="color: #002658; font-weight: bold;">September</font><font style="color: #002658; font-weight: bold;"> </font><font style="color: #002658; font-weight: bold;">22</font><font style="color: #002658; font-weight: bold;"> 20</font><font style="color: #002658; font-weight: bold;">20</font></font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">Digita</font><font style="font-weight: bold;">l</font><font style="font-weight: bold;">-</font><font style="font-weight: bold;">only</font><font style="font-weight: bold;"> meeting</font></font></p>
<p style="font-size: 16pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #002658; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 16pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>31</font></font></td>
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<font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></font>
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<div style="font-family: 'times new roman', times; font-size: 10pt;">&#8203;
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<td style="width: 91.4216%; height: 17px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="TOC"></a>
<p style="vertical-align: middle; text-align: center;"><br></p>
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<td style="width: 8.45588%; text-align: center; height: 17px; border: 1pt solid #000000;"><font style="font-weight: bold;">3</font></td>
<td style="width: 91.4216%; height: 17px; padding: 0px 0px 0px 5px; border: 1pt solid #000000;"><font style="font-weight: bold;"><a href="#Ba_9CRDVEUABK00000000000000000000">Message from the Management</a></font></td>
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<td style="width: 8.45588%; text-align: center; height: 17px; border: 1pt solid #000000;"><font style="font-weight: bold;">4</font></td>
<td style="width: 91.4216%; height: 17px; padding: 0px 0px 0px 5px; border: 1pt solid #000000;"><font style="font-weight: bold;"><a href="#Bb_OLMNGJ50LS00000000000000000000">Call notice</a></font></td>
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<td style="width: 8.45588%; text-align: center; height: 17px; border: 1pt solid #000000;"><font style="font-weight: bold;">7</font></td>
<td style="width: 91.4216%; height: 17px; padding: 0px 0px 0px 5px; border: 1pt solid #000000;"><font style="font-weight: bold;"><a href="#Bc_TLYMQCMMVK00000000000000000000">Additional procedures</a></font></td>
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<td style="width: 8.45588%; text-align: center; height: 17px; border: 1pt solid #000000;"><font style="font-weight: bold;">9</font></td>
<td style="width: 91.4216%; height: 17px; padding: 0px 0px 0px 5px; border: 1pt solid #000000;"><font style="font-weight: bold;"><a href="#Bd_YNXU22SULC00000000000000000000">Management Proposal for matters to be discussed in the Extraordinary General Shareholders&#8217; Meeting, including:</a></font></td>
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<td style="width: 8.45588%; text-align: center; height: 17px; border: 1pt solid #000000;"><font style="font-weight: bold;">11</font></td>
<td style="width: 91.4216%; height: 17px; padding: 0px 0px 0px 25px; border: 1pt solid #000000;"><a href="#Be_7KXJYSN9O000000000000000000000">Exhibit I &#8211; Proposed amendments to the Shareholders&#8217; Agreement of Ultrapar Participa&#231;&#245;es S.A.</a></td>
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<td style="width: 8.45588%; text-align: center; height: 10px; vertical-align: top; border: 1pt solid #000000;" valign="top"><font style="font-weight: bold;">42</font></td>
<td style="width: 91.4216%; height: 10px; padding: 0px 0px 0px 25px; border: 1pt solid #000000;"><a href="#Bf_OL1WZR5G8G00000000000000000000">Exhibit II - Information about the candidate for member of the Board of Directors indicated or supported by the management, under the terms of items 12.5 to 12.10 of the Reference Form</a></td>
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<td style="width: 8.45588%; text-align: center; height: 17px; border: 1pt solid #000000;"><font style="font-weight: bold;">45</font></td>
<td style="width: 91.4216%; height: 17px; padding: 0px 0px 0px 25px; border: 1pt solid #000000;"><a href="#Bg_UJUZCKUM1S00000000000000000000">Glossary of the terms used in items 12.5 to 12.10 of the Reference Form which are part of this document</a></td>
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<td style="width: 8.45588%; text-align: center; height: 17px; border: 1pt solid #000000;"><font style="font-weight: bold;">46</font></td>
<td style="width: 91.4216%; height: 17px; padding: 0px 0px 0px 5px; border: 1pt solid #000000;"><a href="#Bh_UBV9JGAAPS00000000000000000000"><font style="font-weight: bold;">Model for power of attorney</font></a></td>
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<p style="font-size: 16pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #002658; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 3.15pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>32</font></font></td>
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<font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font>
<div style="width: 8.5in; margin: 0 auto;">
<p><br></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt;"><br></p>
<div style="margin: 3.15pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="Ba_9CRDVEUABK00000000000000000000" class="customBookmark"><font style="color: #404040; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">MESSAGE FROM THE MANAGEMENT</font></a></div>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 8pt; text-align: justify;"><br><font style="color: #404040; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 10pt;">Dear Shareholders,</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #404040;">We are pleased to invite you to attend the </font><font style="color: #404040;">Extraordinary </font><font style="color: #404040;">General Shareholders&#8217; Meeting (the &#8220;Meeting&#8221;) of </font><font style="color: #404040;">Ultrapar</font><font style="color: #404040;"> </font><font style="color: #404040;">Participa&#231;&#245;es</font><font style="color: #404040;"> S.A. (&#8220;</font><font style="color: #404040;">Ultrapar</font><font style="color: #404040;">&#8221; or the &#8220;Company&#8221;), to be held on </font><font style="color: #404040;">September</font><font style="color: #404040;"> </font><font style="color: #404040;">22</font><font style="color: #404040;">,&nbsp; 20</font><font style="color: #404040;">20</font><font style="color: #404040;">, at 2:00 p.m., </font><font style="color: #404040;">digital-only meeting</font><font style="color: #404040;">, in accordance with the Call </font><font style="color: #404040;">Notice, to be published in the newspapers Valor </font><font style="color: #404040;">Econ&#244;mico</font><font style="color: #404040;"> and in </font><font style="color: #404040;">Di&#225;rio</font><font style="color: #404040;"> </font><font style="color: #404040;">Oficial</font><font style="color: #404040;"> do Estado de S&#227;o Paulo on August </font><font style="color: #404040;">20</font><font style="color: #404040;">,</font><font style="color: #404040;"> </font><font style="color: #404040;">2</font><font style="color: #404040;">1</font><font style="color: #404040;"> and 2</font><font style="color: #404040;">2</font><font style="color: #404040;">, 20</font><font style="color: #404040;">20</font><font style="color: #404040;">, also available at the Company&#8217;s website (ri.ultra.com.br).</font></font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #404040;">The preparation of this Shareholders&#8217; Meeting Manual (the &#8220;Manual&#8221;) is aligned with the Company&#8217;s </font><font style="color: #404040;">practices of </font><font style="color: #404040;">continuous improvement of its corporate governance, including the quality of the information provided to our shareholders.</font></font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #404040;">The purpose of this document is to present the management proposals and to provide you with clarification and guidance regarding the matters to be discussed and procedures required for your attendance and power of attorney to participate in the Meeting, consolidating in a single file all documents published by </font><font style="color: #404040;">Ultrapar</font><font style="color: #404040;"> in connection with the Meeting.</font></font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #404040;">In addition to the information disclosed, we also inform you that </font><font style="color: #404040;">Ultrapar&#8217;s</font><font style="color: #404040;"> Investor Relations team will be available for additional clarification </font><font style="color: #404040;">through the</font><font style="color: #404040;"> e-mail Invest@ultra.com.br or telephone +55 (11) 3177-7014.</font></font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #404040;">All shareholders of </font><font style="color: #404040;">Ultrapar</font><font style="color: #404040;"> (including holders of common shares in the form of ADRs) may vote in all matters included in the agenda. Each common share entitles its holder to one vote in the Meeting&#8217;s resolutions. Holders of ADR will be represented as specified in a communication to be delivered to ADR holders by the depositary institution, pursuant to the terms of the Deposit Agreement.</font></font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #404040;">We count on your </font><font style="color: #404040;">participation</font><font style="color: #404040;">.</font></font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="color: #002658; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>33</font></font></td>
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<p style="font-size: 9.5pt; line-height: 108%; margin: 0pt 0pt 8pt;"><br></p>
<p style="line-height: 12pt; margin: 0pt 0pt 6pt; orphans: 0; text-align: center; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;"><font style="font-weight: bold;"><br><img src="imgiiwf0l2bzqg05570342.jpg" alt="Graphics"></font></font></font></p>
<p style="line-height: 12pt; margin: 0pt 0pt 6pt; orphans: 0; text-align: center; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;"><font style="font-weight: bold;">Publicly-</font><font style="font-weight: bold;">Traded</font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">Company</font>&nbsp;</font><font style="font-weight: bold;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></font></p>
<p style="line-height: 12pt; margin: 0pt 0pt 6pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">CNPJ No. 33.256.439/0001-39&nbsp;&nbsp; </font></p>
<p style="line-height: 12pt; margin: 0pt 0pt 6pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> NIRE 35.300.109.724</font></p>
<p style="line-height: 12pt; margin: 0pt 0pt 6pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div style="line-height: 12pt; margin: 0pt 0pt 6pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="Bb_OLMNGJ50LS00000000000000000000" class="customBookmark">Call Notice</a></div>
<p style="line-height: 12pt; margin: 0pt 0pt 6pt; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">EXTRAORDINARY GENERAL </font><font style="font-weight: bold;">SHAREHOLDERS&#8217; </font><font style="font-weight: bold;">MEETING</font></font></p>
<p style="font-size: 9.5pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Shareholders are invited to attend the Extraordinary General Shareholders&#8217; Meeting of Ultrapar Participa&#231;&#245;es S.A. (&#8220;Ultrapar&#8221; or &#8220;Company&#8221;) to be held on 09.22.2020, at 2p.m., exclusively in digital form, pursuant to the terms of article 21-C of CVM Instruction 481/2009, as amended, including by CVM Instruction 622/2020 (&#8220;ICVM 481&#8221;), without prejudice of use of the remote voting form (&#8220;Meeting&#8221;), to deliberate on the following Agenda:</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 4pt 0pt 6pt; text-align: justify; text-indent: 14.2pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1. Change of the number of members that integrate the Board of Directors; and</font></p>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 12pt 14.2pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2. Election of member of the Board of Directors. </font></p>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Meeting Attendance</font></p>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The shareholders, including holders of American Depositary Receipts (&#8220;ADRs&#8221;), of the Company may attend the Meeting or be represented by proxies, upon the fulfillment of the requirements for attendance provided for in the Company&#8217;s Bylaws, presenting the documents listed under items Individual Shareholder, Corporate Shareholder and Investment Funds below. </font></p>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Shareholder capacity will be evidenced upon submitting the statement issued by the bookkeeping institution or the custodian institution, with the number of shares held by them up to three (3) days prior to the Meeting. </font></p>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company will adopt for this Meeting the remote voting system in accordance with CVM Instruction 481, allowing its shareholders to send, through their respective custodian institution or bookkeeping institution or directly to the Company, a remote voting form, as provided by the Company together with other documents to be discussed at the Meeting. The Company informs that the instructions for the exercise of the remote voting are described in the Extraordinary General Shareholders&#8217; Meeting&#8217;s Manual. The remote voting forms submitted by the shareholders by virtue of the first call of the Meeting shall be deemed valid for the second call, pursuant to the terms of article 21-X, sole paragraph, of ICVM 481.</font></p>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Considering the current scenario and the restrictions to the gathering of people in effect, due to the COVID-19 pandemic in Brazil, the Meeting shall be exclusively held by digital means, pursuant to the terms of article 21-C, paragraphs 2 and 3 of ICVM 481, through a digital platform (&#8220;Platform&#8221;); accordingly, the shareholders shall attend the Meeting solely by means of the following: </font></p>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> (a) remote voting form, which detailed guidelines with respect to the necessary documentation for remote voting are included in such form; and </font></p>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt 36pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"> (b) digital platform, in person or by attorney-in-fact duly appointed, and the shareholder: (i) may solely attend the Meeting, regardless of the submission of the form; or (ii) attend and vote at the Meeting; provided that, in this case, the eventual votes issued by the shareholder through the remote voting form shall be disregarded.</font></p>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Holders of ADRs will be represented at the Meeting by the custodian of underlying shares of the ADRs, pursuant to the terms of the deposit agreement dated as of September 16, 1999, as amended (&#8220;Deposit Agreement&#8221;). The procedures for exercising the voting rights with respect to the ADRs shall be specified in a communication to be sent to ADRs holders by the depositary institution, pursuant to the Deposit Agreement. </font></p>
<p style="font-size: 11pt; line-height: 130%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Pursuant to the terms of article 5 of ICVM 481, the shareholders or, however the case may be, the legal representatives or attorneys-in-fact thereof, shall, in order to virtually attend the Meeting through the Platform, submit an e-mail (invest@ultra.com.br) untill 2 p.m., on September 18, 2020, informing the telephone and e-mail of the participant, to obtain the Company&#8217;s authorization to attend to the Meeting, presenting the following documents:</font></p>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Individual Shareholder</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt 21.25pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Copy of an ID document with photograph (ID, driver&#8217;s license, foreign national&#8217;s residence ID, officially recognized professional class ID or passport, for foreigners); and</font></li>
</ul>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt 21.25pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Copy of the power of attorney, if applicable, and an ID document with photograph of the attorney-in-fact.</font></li>
</ul>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 8pt; text-align: justify;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>34</font></font></td>
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<div style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;"><br></font></font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Legal Entity</font></font>
<p><br></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt 21.25pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Copy of the most recent corporate bylaws or articles of association and the corporate acts granting powers of representation (officers&#8217; election minutes and/or power of attorney);</font></li>
<li style="font-family: Symbol; font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt 21.25pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Copy of an ID document with photograph(s) of the legal representative(s); and</font></li>
</ul>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt 21.25pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Copy of the power of attorney, if applicable, and an ID document with photograph of the attorney-in-fact.</font></li>
</ul>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Investment Funds</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt 21.3pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Evidence of the capacity of a manager of the fund granted to individual or legal entity representing the fund in the Meeting or who granted power to the attorney-in-fact;</font></li>
<li style="font-family: Symbol; font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt 21.3pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The corporate act of the manager granting powers to the representative attending the Meeting or to whom a power of attorney was granted; and</font></li>
<li style="font-family: Symbol; font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt 21.3pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">If the representative or attorney-in-fact is a legal entity, the documents listed on item &#8220;Legal Entity&#8221; and applicable to them shall be presented to the Company.</font></li>
</ul>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">In addition, on an extraordinary basis, the Company will accept that shareholders submit the necessary representation documents, as referred above, solely in digital means, without registry before the notary office or notarized copies, in PDF format. Ultrapar shall accept the proxies physically or digitally signed through digital certificate (ICP-Brazil).</font></p>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Pursuant to the terms of article 5, paragraph 3, of IN CVM 481, the Plataform shall not be accessed by the shareholders that have not provided the necessary documents within the terms set forth herein. </font></p>
<p style="font-size: 11pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Upon receipt of the request, accompanied by the necessary documents for the Meeting attendance, the Company shall submit to the e-mail indicated by the shareholder the link and the instructions to access the Plataform to the shareholders or, however the case may be, the legal representatives or attorneys-in-fact. Such information is personal and not transferrable, and shall not be shared, subject to attribution of responsibility. </font></p>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="text-decoration: underline;">Ultrapar shall not be responsible for any operational or connection issue faced by the shareholder, which would hamper or prevent his/her attendance to the Meeting</font>. </font></p>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Availability of Documents and Information</font></p>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Under the terms of the Ultrapar&#8217;s Bylaws and article 6 of CVM Instruction 481/09, the documents and information relating to the matters to be resolved, as well as the Extraordinary General Shareholders&#8217; Meeting&#8217;s Manual, the remote voting form for the Meeting and other relevant documents for the exercise of the voting right at the Meeting were filed with the Brazilian Securities and Exchange Commission and are available at the website of CVM (www.cvm.gov.br), the Company&#8217;s head office, website of B3 &#8211; Brasil, Bolsa, Balc&#227;o (www.b3.com.br) and the Company&#8217;s website (ri.ultra.com.br). </font></p>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;">S&#227;o Paulo, August 18, 2020</font></p>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">PEDRO WONGTSCHOWSKI</font></p>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Chairman of the Board of Directors</font></p>
<p style="font-size: 9.5pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 4pt 0pt 6pt; text-align: justify;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>35</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 9.5pt; line-height: 150%; margin: 4pt 0pt 6pt; text-align: justify;"><br></p>
<div style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><br><br><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="Bc_TLYMQCMMVK00000000000000000000" class="customBookmark"><font style="color: #404040; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">ADDITIONAL PROCEDURES</font></a></div>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 5.7pt 0pt 8pt; text-align: justify;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 10pt;">The documents necessary for your participation in the Meeting are specified in the Call Notice.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 5.7pt 0pt 8pt; text-align: justify;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 10pt;"> <font lang="EN-US" style="font-size: 9.0pt; line-height: 107%; font-family: 'Open Sans',sans-serif; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; color: #404040; mso-themecolor: text1; mso-themetint: 191; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Ultrapar, aiming to facilitate the representation of its shareholders at the Meeting (excluding holders of common shares in the form of ADRs), provides in the end of this Manual a power-of-attorney model, through which shareholders may appoint the lawyers thereby indicated to represent them at the Meeting, at no cost and strictly in accordance with the powers granted. To the extent shareholders (excluding holders of common shares in the form of ADRs) opt to be represented at the Meeting using the model provided by the Company, the power of attorney must include <b><u>all</u></b> the representatives listed in the power-of-attorney model.</font><br></font></p>
<p style="margin: 0cm 0cm 6pt; text-align: justify; line-height: 130%; font-size: 11pt; font-family: Calibri, sans-serif;"><font lang="EN-US" style="font-size: 9.0pt; line-height: 130%; font-family: 'Open Sans',sans-serif; color: #404040; mso-themecolor: text1; mso-themetint: 191; mso-ansi-language: EN-US;">Considering the current scenario and the restrictions to the gathering of people in effect, due to the COVID-19 pandemic in Brazil, the Meeting shall be exclusively held by digital means, pursuant to the terms of article 21-C, paragraphs 2 and 3 of ICVM 481, through a digital platform (&#8220;Platform&#8221;); accordingly, the shareholders shall attend the Meeting solely by means of the following: </font></p>
<p style="margin: 0cm 0cm 6pt; text-align: justify; line-height: 130%; font-size: 11pt; font-family: Calibri, sans-serif;"><font lang="EN-US" style="font-size: 9.0pt; line-height: 130%; font-family: 'Open Sans',sans-serif; color: #404040; mso-themecolor: text1; mso-themetint: 191; mso-ansi-language: EN-US;"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; </font>(a) remote voting form, which detailed guidelines with respect to the necessary documentation for remote voting are included in such form; and </font></p>
<p style="margin: 0cm 0cm 6pt; text-align: justify; line-height: 130%; font-size: 11pt; font-family: Calibri, sans-serif;"><font lang="EN-US" style="font-size: 9.0pt; line-height: 130%; font-family: 'Open Sans',sans-serif; color: #404040; mso-themecolor: text1; mso-themetint: 191; mso-ansi-language: EN-US;"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>(b) digital platform, in person or by attorney-in-fact duly appointed, and the shareholder: (i) may solely attend the Meeting, regardless of the&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;submission of the form; or (ii) attend and vote at the Meeting; provided that, in this case, the eventual votes issued by the shareholder through&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;the remote voting form shall be disregarded.</font></p>
<p style="margin: 0cm 0cm 6pt; text-align: justify; line-height: 130%; font-size: 11pt; font-family: Calibri, sans-serif;"><font lang="EN-US" style="font-size: 9.0pt; line-height: 130%; font-family: 'Open Sans',sans-serif; color: #404040; mso-themecolor: text1; mso-themetint: 191; mso-ansi-language: EN-US;">On an extraordinary basis, the Company will accept that shareholders submit the necessary representation documents, as referred to on the Call Notice, solely in digital means, without registry before the notary office or notarized copies, in PDF format. Ultrapar shall accept the proxies physically or digitally signed through digital certificate (ICP-Brazil).</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 5.7pt 0pt 8pt; text-align: justify;"><font style="font-size: 9.0pt; font-family: 'Open Sans',sans-serif; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; color: #404040; color: #404040; mso-themecolor: text1; mso-themetint: 191; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;color: #404040;">We clarify that in the case of non-Brazilian investment funds and shareholders, a sworn translation of the documents shall not be required if the documents are originally in English or Spanish.</font></p>
<p style="margin: 5.7pt 0pt 8pt; text-align: justify; line-height: 130%; font-size: 11pt; font-family: Calibri, sans-serif;"><font lang="EN-US" style="font-size: 9.0pt; font-family: 'Open Sans',sans-serif; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; color: #404040; color: #404040; mso-themecolor: text1; mso-themetint: 191; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;color: #404040;">Pursuant to the terms of article 5, paragraph 3, of IN CVM 481, the Platform shall not be accessed by the shareholders that have not provided the necessary documents within the deadlines set forth on the Call Notice. </font></p>
<p style="margin: 5.7pt 0pt 8pt; text-align: justify; line-height: 130%; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-size: 9.0pt; font-family: 'Open Sans',sans-serif; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; color: #404040; color: #404040; mso-themecolor: text1; mso-themetint: 191; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;color: #404040;"><font lang="EN-US">Upon receipt of the request, accompanied by the necessary documents for the Meeting attendance, the Company shall submit to the e-mail indicated by the shareholder the link and the instructions to access the Platform to the shareholders or, however the case may be, the legal representatives or attorneys-in-fact. Such information is personal and not transferrable, and shall not be shared, subject to attribution of responsibility.</font><font lang="EN-US"> </font></font></p>
<p style="margin: 5.7pt 0pt 8pt; text-align: justify; line-height: 130%; font-size: 11pt; font-family: Calibri, sans-serif;"><font lang="EN-US" style="font-size: 9.0pt; font-family: 'Open Sans',sans-serif; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; color: #404040; color: #404040; mso-themecolor: text1; mso-themetint: 191; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;color: #404040;">The shareholder who participates through Platform will be considered present at the Meeting, being able to exercise his/her respective voting rights, and sign the respective Minutes of the Meeting, pursuant to article 21-V, Paragraph 1 of IN CVM 481.</font></p>
<p style="margin: 5.7pt 0pt 8pt; text-align: justify; line-height: 130%; font-size: 11pt; font-family: Calibri, sans-serif;"><font lang="EN-US" style="font-size: 9.0pt; font-family: 'Open Sans',sans-serif; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; color: #404040; color: #404040; mso-themecolor: text1; mso-themetint: 191; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;color: #404040;">If the shareholder who has duly requested his/her participation does not receive from the Company the e-mail with instructions for accessing and participating in the Meeting at least twenty four (24) hours prior to the Meeting (that is, until 2:00 p.m. on September 21, 2020), he/she must contact the Company by phone on number +55 (11) 3177-7014, in order to receive (by telephone or e-mail) their respective instructions to access.</font></p>
<p style="margin: 5.7pt 0pt 8pt; text-align: justify; line-height: 130%; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-size: 9.0pt; font-family: 'Open Sans',sans-serif; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; color: #404040; color: #404040; mso-themecolor: text1; mso-themetint: 191; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;color: #404040;"><u><font lang="EN-US">Ultrapar shall not be responsible for any operational or connection issue faced by the shareholder, which would hamper or prevent his/her attendance to the Meeting</font></u><font lang="EN-US">. </font></font></p>
<p style="margin: 5.7pt 0pt 8pt; text-align: justify; line-height: 130%; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-size: 9.0pt; font-family: 'Open Sans',sans-serif; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; color: #404040; color: #404040; mso-themecolor: text1; mso-themetint: 191; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;color: #404040;"><u><font lang="EN-US">Additionally, the Company asks for shareholders who will participate through the Platform to access the Platform at least thirty (30) minutes in advance of the time scheduled for the beginning of the Meeting in order to allow the validation of the access.</font></u></font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 5.7pt 0pt 8pt; text-align: justify;"><font style="font-size: 9.0pt; font-family: 'Open Sans',sans-serif; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; color: #404040; color: #404040; mso-themecolor: text1; mso-themetint: 191; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;color: #404040;"><u><font lang="EN-US">The Company reserves the right to use any information contained in the recording of the Meeting to: (i) registration of the shareholders&#8217; statements and also for viewing the documents presented during the Meeting; (ii) registration of the authenticity and safety of communications during the Meeting; (iii) registration of the shareholders' attendance and votes; (iv) compliance with any legal orders from competent authorities; and (v) safeguard of the Company, its administrators and contracted third parties, in any judicial, arbitration, regulatory or administrative sphere</font></u>.</font><br></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><br><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #404040; font-weight: bold;">Remote Voting </font><font style="color: #404040; font-weight: bold;">Ballots</font></font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #404040;"> <font lang="EN-US" style="font-size: 9.0pt; line-height: 107%; font-family: 'Open Sans',sans-serif; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; color: #404040; mso-themecolor: text1; mso-themetint: 191; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">If the shareholder opts to send the <font style="mso-spacerun: yes;">&nbsp;</font>remote voting form of the Extraordinary General Shareholders&#8217; Meeting to the Company, the Company requests that such voting form and other supporting documents shall be sent to the e-mail </font><font style="font-size: 11.0pt; line-height: 107%; font-family: 'Calibri',sans-serif; mso-ascii-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-ansi-language: PT-BR; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"><font lang="EN-US" style="font-size: 9.0pt; line-height: 107%; font-family: 'Open Sans',sans-serif; mso-ansi-language: EN-US;">Invest@ultra.com.br</font></font><font lang="EN-US" style="font-size: 9.0pt; line-height: 107%; font-family: 'Open Sans',sans-serif; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; color: #404040; mso-themecolor: text1; mso-themetint: 191; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"> or be filed at the Company within 7 days from the Extraordinary General Shareholders&#8217; Meeting date, that is, until September 15, 2020</font>.</font></font></p>
<p style="font-size: 11pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>36</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p><br></p>
<p style="line-height: 12pt; margin: 0pt 0pt 6pt; orphans: 0; text-align: center; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;"><font style="font-weight: bold;"><br><img src="imgdxcf3ezextc05570342.jpg" alt="Graphics"></font></font></font></p>
<p style="line-height: 12pt; margin: 0pt 0pt 6pt; orphans: 0; text-align: center; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;"><font style="font-weight: bold;">Publicly-Traded</font><font style="font-weight: bold;">&nbsp;</font><font style="font-weight: bold;">Company</font>&nbsp;</font><font style="font-weight: bold;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></font></p>
<p style="line-height: 12pt; margin: 0pt 0pt 6pt; orphans: 0; text-align: center; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;">CNPJ Nr. 33.256.439/0001-39</font></p>
<p style="line-height: 12pt; margin: 0pt 0pt 6pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">NIRE 35.300.109.724</font></p>
<p style="line-height: 12pt; margin: 0pt 0pt 6pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div style="font-size: 10pt; line-height: 130%; margin: 0pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="Bd_YNXU22SULC00000000000000000000" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">MANAGEMENT PROPOSAL</font></a></div>
<p style="font-size: 10pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Dear Shareholders, </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Management of Ultrapar Participa&#231;&#245;es S.A. (&#8220;Ultrapar&#8221; or &#8220;Company&#8221;) hereby presents the Management Proposal to its shareholders, regarding the matters to be decided on the Extraordinary General Shareholders&#8217; Meeting, to be held on September 22, 2020, at 2 p.m. </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">1. Change of the number of members that integrate the Board of Directors </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Considering the resolution deliberated upon by the Extraordinary and Annual General Shareholders&#8217; Meeting held on April 10, 2019 and the criteria established in the Company&#8217;s Bylaws for the composition of the Board of Directors that the Board shall be comprised up to eleven (11) members, the Management proposes the change of the number of members that integrate the Board of Directors for this mandate, from ten (10) to eleven (11) members.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">2. Election of </font><font style="font-style: italic; font-weight: bold;">the member of </font><font style="font-style: italic; font-weight: bold;">the Board of Directors</font></font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Subject to approval of item 1 above and considering that P&#225;tria Investimentos is now a shareholder of Ultra S.A. Participa&#231;&#245;es and that the Board of Directors of the Company is currently composed by ten (10) members, composition that is under the limits set forth by the Company&#8217;s Bylaws, we propose the election of Mr. Alexandre Teixeira de Assump&#231;&#227;o Saigh to integrate the Board of Directors, which mandate shall become effective for the remaining term of the other members of the Board of Directors in office, namely, until the Annual General Shareholders Meeting to be held on 2021. </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Mr. Saigh is the co-founder and member of the Executive Committee of P&#225;tria Investimentos, entity that manages alternative assets in Latin America, with approximately R$ 72 billion under management, being one of the founders of P&#225;tria Investimentos at the beginning of 2000 (further details are described in Exhibit I).</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The election of Mr. Alexandre Teixeira de Assump&#231;&#227;o Saigh is proposed not only considering his well-regarded experience as executive, which will add relevant skills to the Board of Directors, but also considering the alignment of interests of P&#225;tria Investimentos due to its relevant involvement with the Ultra Group. </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Access to Documents and Information</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 130%; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Under the terms of the Ultrapar&#8217;s Bylaws and article 6, of CVM Instruction 481/09, the documents and information relating to the matters to be resolved, as well as the Extraordinary General Shareholders&#8217; Meeting&#8217;s Manual, the remote voting form for the Extraordinary General Shareholders&#8217; Meeting and other relevant documents for the exercise of the voting right at the Meeting were filed with the Brazilian Securities and Exchange Commission and are available at the website of CVM (<font style="color: #0563c1; text-decoration: underline;">www.cvm.gov.br</font>), Company&#8217;s head office, website of B3 &#8211; Brasil, Bolsa, Balc&#227;o (<font style="color: #0563c1; text-decoration: underline;">www.b3.com.br</font>) and Company&#8217;s website (<font style="color: #0563c1; text-decoration: underline;">ri.ultra.com.br</font>).</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;">S&#227;o Paulo, August 18, 2020</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">PEDRO WONGTSCHOWSKI</font></p>
<p style="font-size: 10pt; line-height: 130%; margin: 0pt 0pt 0pt 22.5pt; text-align: center; text-indent: -22.5pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Chairman of the Board of Directors</font></p>
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>37</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<div style="width: 8.5in; margin: 0 auto;"><br>
<p><br></p>
<div style="line-height: 1.2; margin: 0pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="Be_7KXJYSN9O000000000000000000000" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: none; line-height: inherit;">SHAREHOLDERS' AGREEMENT OF ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></a></div>
<p style="line-height: 1.2; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">By the present private instrument and in the best terms of the law,</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font style="font-weight: bold; line-height: inherit;">ULTRA S.A. PARTICIPA&#199;&#213;ES</font>, a corporation with headquarters at Avenida Brigadeiro Lu&#237;s Ant&#244;nio, No. 1.343, in the City of S&#227;o Paulo, State of S&#227;o Paulo, enrolled in the Corporate Taxpayers Registry of the Ministry of Finance (CNPJ) under No. 54.041.439/0001-91, herein represented pursuant to its by-laws (&#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Ultra</font>&#8221;); and </font></li>
</ol>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="2" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>PARTH DO BRASIL PARTICIPA&#199;&#213;ES LTDA.</font>, a limited liability company with headquarters at Rua Visconde de Piraj&#225;, No. 547, Room 1,115 (part), Ipanema, in the City of Rio de Janeiro, State of Rio de Janeiro, enrolled in the Corporate Taxpayers Registry of the Ministry of Finance (CNPJ) under No. 20.992.266/0001-75, herein represented pursuant to its articles of association (&#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Parth</font>&#8221; and, jointly with Ultra, hereinafter referred to as &#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Holdings</font>&#8221; or &#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Parties</font>,&#8221; or &#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Holding</font>&#8221; or &#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Party</font>,&#8221; when referred to individually); </font></li>
</ol>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">And in the capacity as consenting intervening parties and bound by the provisions of this Agreement;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<ol start="3" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>ANA MARIA LEVY VILLELA IGEL</font>,<font> a Brazilian citizen, <font style="line-height: inherit;">xxxxxx</font>, <font style="line-height: inherit;">xxxxxx</font>, the holder of the Brazilian identity card (RG) No. <font style="line-height: inherit;">xxxxxx</font>, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. <font style="line-height: inherit;">xxxxxx</font>, resident and domiciled in the <font style="line-height: inherit;">xxxxxx</font> (&#8220;<font style="text-decoration: underline; line-height: inherit;">Ana Maria Levy </font><font style="text-decoration: underline; line-height: inherit;">Villela</font><font style="text-decoration: underline; line-height: inherit;"> </font><font style="text-decoration: underline; line-height: inherit;">Igel</font>&#8221;);</font></font></li>
</ol>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="4" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>FABIO IGEL</font>, a Brazilian citizen, <font style="line-height: inherit;">xxxxxx</font>, <font style="line-height: inherit;">xxxxxx</font>, the holder of the Brazilian identity card (RG) No. <font style="line-height: inherit;">xxxxxx</font>, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. <font style="line-height: inherit;">xxxxxx</font>, resident and domiciled in the <font style="line-height: inherit;">xxxxxx</font> (&#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Fabio </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Igel</font>&#8221;);</font></li>
</ol>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="5" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>M&#193;RCIA IGEL JOPPERT</font>, a Brazilian citizen, <font style="line-height: inherit;">xxxxxx</font>, <font style="line-height: inherit;">xxxxxx</font>, the holder of the Brazilian identity card (RG) No. <font style="line-height: inherit;">xxxxxx</font>, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. <font style="line-height: inherit;">xxxxxx</font>, resident and domiciled in the <font style="line-height: inherit;">xxxxxx</font> (&#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">M&#225;rcia</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;"> </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Igel</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;"> </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Joppert</font>&#8221;);</font></li>
</ol>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="6" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>ROG&#201;RIO IGEL</font>, a Brazilian citizen, <font style="line-height: inherit;">xxxxxx</font>, <font style="line-height: inherit;">xxxxxx</font>, the holder of the Brazilian identity card (RG) No. <font style="line-height: inherit;">xxxxxx</font> and of the Brazilian Individual Taxpayer Register Identification (CPF) No.<font style="line-height: inherit;"> </font><font style="line-height: inherit;">xxxxxx</font>, resident and domiciled in the <font style="line-height: inherit;">xxxxxx</font> (&#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Rog&#233;rio</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;"> </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Igel</font>&#8221;);</font></li>
</ol>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="7" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>JOYCE IGEL DE CASTRO ANDRADE</font>, a Brazilian citizen, <font style="line-height: inherit;">xxxxxx</font>, <font style="line-height: inherit;">xxxxxx</font>, the holder of the Brazilian identity card (RG) No. <font style="line-height: inherit;">xxxxxx</font>, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. <font style="line-height: inherit;">xxxxxx</font>, resident and domiciled in the <font style="line-height: inherit;">xxxxxx</font> (&#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Joyce </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Igel</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;"> de Castro Andrade</font>&#8221;);</font></li>
</ol>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="8" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>LUCIO DE CASTRO ANDRADE FILHO</font>, a Brazilian citizen, <font style="line-height: inherit;">xxxxxx</font>, <font style="line-height: inherit;">xxxxxx</font>, the holder of the Brazilian identity card (RG) No. <font style="line-height: inherit;">xxxxxx</font>, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. <font style="line-height: inherit;">xxxxxx</font>, resident and domiciled in the <font style="line-height: inherit;">xxxxxx</font> (&#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Lucio de Castro Andrade Filho</font>&#8221;);</font></li>
</ol>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="9" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>PEDRO WONGTSCHOWSKI</font>, a Brazilian citizen, <font style="line-height: inherit;">xxxxxx</font>, <font style="line-height: inherit;">xxxxxx</font>, the holder of the Brazilian identity card (RG) No. <font style="line-height: inherit;">xxxxxx</font>, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. <font style="line-height: inherit;">xxxxxx</font>, resident and domiciled in the <font style="line-height: inherit;">xxxxxx</font> (&#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Pedro </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Wongtschowski</font>&#8221;);</font></li>
</ol>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="10" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>CHRISTY PARTICIPA&#199;&#213;ES LTDA.</font>, a limited liability company with headquarters at Rua Visconde de Piraj&#225;, 351, Rooms 916 and 917, Ipanema, in the City of Rio de Janeiro, State of Rio de Janeiro, enrolled in the Corporate Taxpayers Registry of the Ministry of Finance (CNPJ) under No. 33.363.896/0001-22, herein represented pursuant to its articles of association by H&#233;lio Marcos Coutinho Beltr&#227;o duly qualified herein below (&#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Christy </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Participa&#231;&#245;</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">es</font>&#8221;)</font></li>
</ol>
<p style="line-height: 1.2; margin: 0px; text-indent: 0px;"><br></p>
<div style="line-height: 1.2;"><br></div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>38</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 1.2;"><br></p>
<ol start="11" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>H&#201;LIO MARCOS COUTINHO BELTR&#195;O, </font><font style="line-height: inherit;">a Brazilian citizen, <font style="line-height: inherit;">xxxxxx</font>, <font style="line-height: inherit;">xxxxxx</font>, the holder of the Brazilian identity card (RG) No. <font style="line-height: inherit;">xxxxxx</font>, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. <font style="line-height: inherit;">xxxxxx</font>, resident and domiciled in the <font style="line-height: inherit;">xxxxxx</font> (&#8220;<font style="text-decoration: underline; line-height: inherit;">H&#233;lio</font><font style="text-decoration: underline; line-height: inherit;"> Marcos Coutinho </font><font style="text-decoration: underline; line-height: inherit;">Beltr&#227;o</font>&#8221;);</font></font></li>
</ol>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<ol start="12" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>BRUNO IGEL</font>, a Brazilian citizen, <font style="line-height: inherit;">xxxxxx</font>, <font style="line-height: inherit;">xxxxxx</font>, the holder of the Brazilian identity card (RG) No. <font style="line-height: inherit;">xxxxxx</font>, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. <font style="line-height: inherit;">xxxxxx</font>, resident and domiciled in the <font style="line-height: inherit;">xxxxxx</font> (&#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Bruno </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Igel</font>&#8221;);</font></li>
</ol>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="13" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>ANA ELISA ALVES CORR&#202;A IGEL</font>, a Brazilian citizen, <font style="line-height: inherit;">xxxxxx</font>, <font style="line-height: inherit;">xxxxxx</font>, the holder of the Brazilian identity card (RG) No. <font style="line-height: inherit;">xxxxxx</font>-SP, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. <font style="line-height: inherit;">xxxxxx</font>, resident and domiciled in the <font style="line-height: inherit;">xxxxxx</font> (&#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Ana Elisa Alves </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Corr&#234;a</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;"> </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Igel</font>&#8221;);</font></li>
</ol>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="14" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>ROBERTO DE CASTRO ANDRADE</font>, a Brazilian citizen, <font style="line-height: inherit;">xxxxxx</font>, <font style="line-height: inherit;">xxxxxx</font>, the holder of the Brazilian identity card (RG) No. <font style="line-height: inherit;">xxxxxx</font>, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. <font style="line-height: inherit;">xxxxxx</font>, resident and domiciled in the <font style="line-height: inherit;">xxxxxx</font> (&#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Roberto de Castro Andrade</font>&#8221;);</font></li>
</ol>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="15" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>BETTINA DE CASTRO ANDRADE GASPARIAN</font>, a Brazilian citizen, <font style="line-height: inherit;">xxxxxx</font>, <font style="line-height: inherit;">xxxxxx</font>, the holder of the Brazilian identity card (RG) No. <font style="line-height: inherit;">xxxxxx</font>, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. <font style="line-height: inherit;">xxxxxx</font>, resident and domiciled in the <font style="line-height: inherit;">xxxxxx</font> (&#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Bettina de Castro Andrade </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Gasparian</font>&#8221;);</font></li>
</ol>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="16" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>ROBERTA JOPPERT FERRAZ</font>, a Brazilian citizen, <font style="line-height: inherit;">xxxxxx</font>, <font style="line-height: inherit;">xxxxxx</font>, the holder of the Brazilian identity card (RG) No. <font style="line-height: inherit;">xxxxxx</font>, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. <font style="line-height: inherit;">xxxxxx</font>, resident and domiciled in the <font style="line-height: inherit;">xxxxxx</font> (&#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Roberta </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Joppert</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;"> </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Ferraz</font>&#8221;);</font></li>
</ol>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="17" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font>SANDRA JOPPERT</font>, a Brazilian citizen, <font style="line-height: inherit;">xxxxxx</font>, <font style="line-height: inherit;">xxxxxx</font>, the holder of the Brazilian identity card (RG) No. <font style="line-height: inherit;">xxxxxx</font>, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. <font style="line-height: inherit;">xxxxxx</font>, resident and domiciled in the <font style="line-height: inherit;">xxxxxx</font> (&#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Sandra </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Joppert</font>&#8221;);</font></li>
</ol>
<p style="margin: 0pt 0pt 0pt 35.4pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="18" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font>IGELPAR PARTICIPA&#199;&#213;ES S.A.,</font> a stock corporation with headquarters in the City of S&#227;o Paulo, State of S&#227;o Paulo, at Avenida Brigadeiro Lu&#237;s Ant&#244;nio, No. 1343, 5th floor, Bela Vista, ZIP CODE 01317-001, enrolled in the Corporate Taxpayers Registry of the Ministry of Finance (CNPJ) under No. 34.622.819/0001-02, herein represented pursuant to its by-laws (<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">&#8220;</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">IgelPar</font>&#8221;);</font></li>
</ol>
<p style="margin: 0pt 0pt 0pt 35.4pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<ol start="19" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: normal; font-variant: normal; font-stretch: normal; line-height: inherit; font-weight: bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;P&#193;TRIA PRIVATE EQUITY VI FIP MULTIESTRAT&#201;GIA,</font> investment fund enrolled in the Corporate Taxpayers Registry of the Ministry of Finance (CNPJ) under No. 29.447.049/0001-79, herein represented by its manager and administrator P&#225;tria Investimentos Ltda., headquartered in the City of S&#227;o Paulo, State of S&#227;o Paulo, at Avenida Cidade Jardim, No. 803, 8th floor, room A, ZIP CODE 01453-000, enrolled in the Corporate Taxpayers Registry of the Ministry of Finance (CNPJ) under No. 12.461.756/0001-17, herein represented pursuant to its by-laws (&#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">FIP </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">P&#225;tria</font>&#8221; and, jointly with Ana Maria Levy Villela Igel, Fabio Igel, M&#225;rcia Igel Joppert, Rog&#233;rio Igel, Joyce Igel de Castro Andrade, Lucio de Castro Andrade Filho, Pedro Wongtschowski, Christy Participa&#231;&#245;es, H&#233;lio Marcos Coutinho Beltr&#227;o, Bruno Igel, Ana Elisa Alves Corr&#234;a Igel, Roberto de Castro Andrade, Bettina de Castro Andrade Gasparian, Roberta Joppert Ferraz, Sandra Joppert and IngelPar, hereinafter referred to as &#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Ultra Partners</font>&#8221;);</font></li>
</ol>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="20" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-weight: bold; line-height: inherit;">BETTINA IGEL HOFFENBERG</font>, a Brazilian citizen, <font style="line-height: inherit;">xxxxxx</font>, <font style="line-height: inherit;">xxxxxx</font>, the holder of the Brazilian identity card (RG) No. <font style="line-height: inherit;">xxxxxx</font>, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. <font style="line-height: inherit;">xxxxxx</font>, resident and domiciled at the <font style="line-height: inherit;">xxxxxx</font>, represented herein by her attorney-in-fact Mr. Jean Pierre Roy Jr<font style="font-weight: bold; line-height: inherit;">.</font>, a Brazilian citizen, <font style="line-height: inherit;">xxxxxx</font>, <font style="line-height: inherit;">xxxxxx</font>, the holder of the Brazilian identity No. <font style="line-height: inherit;">xxxxxx</font>duly issued by the OAB/RJ, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. <font style="line-height: inherit;">xxxxxx</font>, with his professional address in the <font style="line-height: inherit;">xxxxxx</font> (&#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Bettina </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Igel</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;"> Hoffenberg</font>&#8221;);</font></li>
</ol>
<p style="line-height: 1.2; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0px auto; line-height: 1.1;">
<p style="line-height: 1.2;"><br></p>
<ol start="21" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-weight: bold; line-height: inherit;">JENNINGS LUIS IGEL HOFFENBERG</font>, a Brazilian citizen, <font style="line-height: inherit;">xxxxxx</font>, <font style="line-height: inherit;">xxxxxx</font>, the holder of the Brazilian identity No. <font style="line-height: inherit;">xxxxxx</font>, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. <font style="line-height: inherit;">xxxxxx</font>, resident and domiciled in the <font style="line-height: inherit;">xxxxxx</font> (&#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Jennings Luis </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Igel</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;"> Hoffenberg</font>&#8221;);</font></li>
</ol>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ol start="22" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-weight: bold; line-height: inherit;">PEDRO IGEL DE BARROS SALLES</font>, a Brazilian citizen, <font style="line-height: inherit;">xxxxxx</font>, <font style="line-height: inherit;">xxxxxx</font>, the holder of the Brazilian identity card (RG) No. <font style="line-height: inherit;">xxxxxx</font>, and of the Brazilian Individual Taxpayer Register Identification (CPF) No. <font style="line-height: inherit;">xxxxxx</font>, resident and domiciled in the <font style="line-height: inherit;">xxxxxx</font> (&#8220;<font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Pedro </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Igel</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;"> de Barros Salles</font>&#8221;);</font></li>
</ol>
<p style="margin: 0pt 0pt 0pt 35.4pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<ol start="23" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Cambria; font-size: 12pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-weight: bold; line-height: inherit;">VENUS QUARTZ LLC</font>, a company duly incorporated and existing under the laws of Delaware, with its main place of business at c/o Withers Bergman LLP, 430 Park Avenue, 9th Floor, New York, NY 10022, represented herein by its attorney-in-fact Mr. Jean Pierre Roy Jr. duly qualified herein above (&#8220;<font style="text-decoration: underline; line-height: inherit;">Venus</font>&#8221;) and, jointly with Bettina Igel Hoffenberg, Jennings Luis Igel Hoffenberg and Pedro Igel de Barros Salles, hereinafter referred to as &#8220;<font style="text-decoration: underline; line-height: inherit;">Parth</font><font style="text-decoration: underline; line-height: inherit;"> Partners</font>&#8221; and, jointly with the Ultra Partners, are referred to as &#8220;<font style="text-decoration: underline; line-height: inherit;">Holdings Partners</font>&#8221; or a &#8220;<font style="text-decoration: underline; line-height: inherit;">Holding Partner</font>,&#8221; when referred to individually.</font></li>
</ol>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><br></font></font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><br></font></font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">WHEREAS</font>,<font style="font-weight: bold; line-height: inherit;"> </font>each Holding holds a material stake in the capital stock of ULTRAPAR PARTICIPA&#199;&#213;ES S.A., a publicly-traded Brazilian corporation with headquarters at Avenida Brigadeiro Lu&#237;s Ant&#244;nio, No. 1.343, in the City of S&#227;o Paulo, State of S&#227;o Paulo, enrolled in the Corporate Taxpayers Registry of the Ministry of Finance (CNPJ) under No. 33.256.439/0001-39 (&#8220;<font style="text-decoration: underline; line-height: inherit;">Ultrapar</font>&#8221; or &#8220;<font style="text-decoration: underline; line-height: inherit;">Company</font>&#8221;);</font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">WHEREAS</font>, the Holdings and the Holdings Partners wish to form 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&#8217;s history; and</font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">WHEREAS</font>, 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;</font></p>
<p style="line-height: 1.2; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">NOW, THEREFORE</font>,<font style="font-weight: bold; line-height: inherit;"> </font>the Parties, with the intervenience and the consent of the Holdings Partners, hereby enter into this Shareholders' Agreement (&#8220;<font style="text-decoration: underline; line-height: inherit;">Agreement</font>&#8221;), which shall be governed by the applicable laws and by the clauses and conditions provided hereinbelow:</font></p>
<p style="line-height: 1.2; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="line-height: 1.2; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">SECTION ONE</font></p>
<h1 style="line-height: 17pt; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">PURPOSE AND PRELIMINARY PROVISIONS</font></h1>
<h1 style="line-height: 17pt; margin: 0pt; page-break-after: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">&nbsp;</font></h1>
<p style="line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;"><br></font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">1.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp;&nbsp;</font>The purpose of this Agreement is to govern the exercise of the voting rights of the Holdings and the Holdings Partners 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">1.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font>The Holdings and the Holdings Partners hereby undertake to exercise their rights in the capacity as shareholders or usufructuaries of Ultrapar&#8217;s and the Holdings&#8217; shares, 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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">1.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>The Holdings Partners shall perform and cause to be performed all acts required to ensure at any time that the corporate documents and the shareholders&#8217; or quotaholders&#8217; agreements of each Holding and, as applicable, of each Holding Partner are compatible with and allows full compliance with all provisions of this Agreement, subject to the provisions of Sections 16.5 and 16.7.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">1.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>The corporate purpose of the Holdings shall be to hold interest in the capital stock of Ultrapar, being any other business activity prevented.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>40</font></font></td>
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<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><br></font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION TWO</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">BOUND SHARES AND FREE SHARES </font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">2.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">Bound Shares</font>&#8221;). </font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">2.1.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp; </font>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 spin-off, this Agreement shall continue to be binding on Ultrapar as well. In the event of <font style="font-weight: bold; line-height: inherit;">(i)</font> a spin-off of Ultrapar with the conveyance of a portion of its assets to an existing company, <font style="font-weight: bold; line-height: inherit;">(ii) </font>a merger of Ultrapar or of its shares into another company, or <font style="font-weight: bold; line-height: inherit;">(iii) </font>a merger (amalgamation) of Ultrapar with another company, the signatories of this Agreement shall: <font style="font-weight: bold; line-height: inherit;">(a) </font>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 spun-off portion of Ultrapar&#8217;s assets, as the case may be (&#8220;<font style="text-decoration: underline; line-height: inherit;">New Company</font>&#8221;); and <font style="font-weight: bold; line-height: inherit;">(b) </font>execute a new shareholders' 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&#8217;s headquarters and cause it to be recorded in the appropriate company registers.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">2.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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 for the purposes of this Agreement (that is, without prejudice of any restrictions existing in any other agreements with comply with the provisions of Sections 4.5, 16.5 and 16.7) (&#8220;<font style="text-decoration: underline; line-height: inherit;">Free Shares</font>&#8221;).</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION THREE</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">EXERCISE OF HOLDINGS VOTING RIGHTS &#8211; ORDINARY PREVIOUS MEETINGS AND PLENARY PREVIOUS MEETINGS</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The Holdings and the Holdings Partners who hold any Free Shares hereby undertake to vote in Ultrapar&#8217;s general shareholders meetings (&#8220;<font style="text-decoration: underline; line-height: inherit;">General Shareholders&#8217; Meetings</font>&#8221;) pursuant to the terms of the voting instructions approved by the Holdings&#8217; representatives in the preliminary meeting to be held as set forth in this Agreement (&#8220;<font style="text-decoration: underline; line-height: inherit;">Previous Meeting</font>&#8221;), so that the Holdings&#8217; and the Holdings Partners&#8217; votes in the General Shareholders&#8217; Meetings shall be bound by the resolution passed in the Previous Meeting.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.1.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp; </font>With respect to the Free Shares object of depositary receipt of shares, the Holdings Partners&#8217; 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event the Previous Meeting set forth in this Agreement is not held prior to a General Shareholders&#8217; Meeting, for any reason, or in the event a favorable resolution is not approved in a Previous Meeting with respect to any item in the agenda of a General Shareholders&#8217; Meeting, then the Holdings and the Holdings Partners who hold any Free Shares shall attend such General Shareholders&#8217; Meeting and exercise their respective voting rights <font style="font-weight: bold; line-height: inherit;">(i) </font>so that those matters that were not subject to a favorable resolution and approval in a Previous Meeting are removed from the agenda of the aforementioned General Shareholders&#8217; Meeting; or <font style="font-weight: bold; line-height: inherit;">(ii)</font> in the event those matters remain in the agenda, to<font style="font-weight: bold; line-height: inherit;"> </font>vote so to reject those matters.</font><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>41</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; text-decoration: underline; line-height: inherit;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; text-decoration: underline; line-height: inherit;">Types of Previous Meetings</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>There shall be two (2) types of Previous Meetings: <font style="font-weight: bold; line-height: inherit;">(i) </font>Ordinary Previous Meetings, and, according to the matter to be decided in the General Shareholders&#8217; Meeting, <font style="font-weight: bold; line-height: inherit;">(ii) </font>Plenary Previous Meetings.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; text-decoration: underline; line-height: inherit;">Ordinary Previous Meetings</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>The Ordinary Previous Meetings shall be held <font style="font-weight: bold; line-height: inherit;">(i)</font> quarterly, <font style="font-weight: bold; line-height: inherit;">(ii) </font>prior to any General Shareholders&#8217; Meeting, and <font style="font-weight: bold; line-height: inherit;">(iii) </font>whenever requested by the RPO Members, pursuant to the terms of Section 3.9.1.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; </font>In the Ordinary Previous Meetings preceding a General Shareholders&#8217; Meeting, it shall be decided the voting instructions for the Holdings and for those holding Free Shares in regard to all matters included in the agenda of the General Shareholders&#8217; Meeting, except for matters to be decided by a Plenary Previous Meeting, as provided for in Section 3.13.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.6.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; </font>The members elected by the Holdings Partners will participate and have the right to vote in the Ordinary Previous Meetings (&#8220;<font style="text-decoration: underline; line-height: inherit;">RPO Members</font>&#8221;).</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.6.1.</font> The RPO Members will be elected for a term of 2 (two) years, which will coincide with the term of the Ultrapar&#8217;s board of directors.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.6.2.</font> The RPO Members will be elected and removed by the Holdings Partners at a Plenary Previous Meeting.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.6.3.</font> The RPO Members will elect, among them, the one who will chair the Ordinary Previous Meeting during each term.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.6.4.</font> Holdings Partners who have elected a specific RPO Member <font style="font-weight: bold; line-height: inherit;">(i) </font>will be allowed to replace it at any time, and <font style="font-weight: bold; line-height: inherit;">(ii)</font> will be allowed to indicate its alternate in the event of definitive impediment or vacancy in the position of RPO Member.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.7.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>Holdings Partners who held, directly or indirectly, and individually or jointly, voting rights of shares or quotas representing the capital stock of the Holdings corresponding to at 5% (five percent) of the Bound Shares shall have the right to elect (and replace at any time) one, and only one, RPO Member.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.7.1.</font> If a Holding Partner perform a transfer of Holding share or quota to a permitted assignee, under the corporate documents of the Holdings, according to Section 4.5 below, the Holding shares or quotas received by the permitted assignee will continue to be considered together with those held by the assignor for the purpose of verifying the minimum interest required in Section 3.7 above.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.7.2. </font>In the event of the death or removal of a Holding Partner, its heirs, sharecroppers or successors, as the case may be, may add their interest to collectively elect an RPO Member (including for all purposes of Section 3.6.4), provided that, cumulatively, <font style="font-weight: bold; line-height: inherit;">(i)</font> the RPO Member to be elected is appointed by the heirs, sharecroppers or successors who hold at least most of the Holding shares or quotas previously held by the deceased or removed Holding Partner; and <font style="font-weight: bold; line-height: inherit;">(ii)</font> the heirs, sharecroppers or successors hold, jointly, the minimum percentage of voting rights required in Section 3.7 above.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><br></font></font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.8.</font>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;The following may be elected as RPO Member: <font style="font-weight: bold; line-height: inherit;">(i)</font> Holdings Partners, if individuals; or (ii) an individual who holds a direct or indirect stake in the capital of a Holding Partner on the date of execution of this Agreement or who may hold such stake through a transfer permitted under this Agreement; or <font style="font-weight: bold; line-height: inherit;">(iii)</font> in the case of a Holding Partner that is an investment fund, an individual who (a) holds a stake, directly or indirectly, in the capital stock of the respective manager, or (b) is a member of the respective investment committee.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.9.</font> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Ordinary Previous Meetings shall be called by the chairperson selected as set forth in Section 3.6.3 above, by means of a call notice to be sent to all the other members of the Ordinary Previous Meetings at least five (5) 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. </font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.9.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Three (3) RPO Members 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) days, (or the call of such meeting on a second call that is not held within 24 (twenty-four) hours according to Section 3.10), the requesting members will have the right to jointly call an Ordinary Previous Meeting, provided that they do so with an identical agenda as the one requested and subject to the time periods and procedures set forth in this Agreement.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.10.</font> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Ordinary Previous Meetings shall be held at least fifteen (15) days before the date scheduled for the General Shareholders&#8217; Meetings to which they the majority of the RPO Members. 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) hours, provided that, in that case, the meeting to be held in second call <font style="font-weight: bold; line-height: inherit;">(i) </font>shall be<font style="font-weight: bold; line-height: inherit;"> </font>held within up to three (3) days after it is called, and <font style="font-weight: bold; line-height: inherit;">(ii)</font> shall be convened with the presence of any number of members at the meeting.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.11.</font> The Ordinary Previous Meeting that precedes a General Shareholders&#8217; Meeting in which its agenda includes the election of members of Ultrapar&#8217;s board of directors shall comply with the following rules:</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.45pt; text-align: justify; text-indent: -0.05pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">(I) </font>The Ordinary Previous Meeting <font style="font-weight: bold; line-height: inherit;">(a) </font>shall resolve on all matters related to such election, in particular on (as the case may be and in compliance with the by-laws of the Company): <font style="font-weight: bold; line-height: inherit;">(i)</font> <font style="font-style: italic; line-height: inherit;">(x)</font> the submission of a suggested list of candidates to be considered by Ultrapar&#8217;s board of directors when preparing any slate; <font style="font-style: italic; line-height: inherit;">(y) </font>the approval of any slate submitted by Ultrapar's board of directors, or, in the event of rejection of the slate or the non-submission of a slate by the Company&#8217;s Board of Directors, the presentation of a specific slate to compete for the Company&#8217;s board of directors;<font style="font-weight: bold; line-height: inherit;"> </font><font style="font-weight: bold; line-height: inherit;">(ii) </font>the submission of a request for cumulative voting and, in that case, on how the votes shall be allocated among the several candidates; <font style="font-weight: bold; line-height: inherit;">(ii</font><font style="font-weight: bold; line-height: inherit;">)</font> indication of individual candidates for the Company&#8217;s board of directors in situations where, for any reason and at any time, the election will come or be made in a majority form but individually by open position, and not in the form of a slate or multiple vote; and <font style="font-weight: bold; line-height: inherit;">(iv)</font><font style="font-weight: bold; line-height: inherit;"> </font>the voting instruction as to the number of members to be elected to the Company&#8217;s board of directors; and <font style="font-weight: bold; line-height: inherit;">(b) </font>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</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">(</font><font style="font-weight: bold; line-height: inherit;">II</font><font style="font-weight: bold; line-height: inherit;">) </font>the candidates to be appointed to Ultrapar&#8217;s board of directors shall meet the requirements of art. 147 of the Brazilian Corporate Law (and CVM applicable rules) as well as the following minimum and cumulative eligibility requirements: <font style="font-weight: bold; line-height: inherit;">(i) </font>be at least thirty (30) years of age; <font style="font-weight: bold; line-height: inherit;">(v) </font>hold a suitable higher education degree; <font style="font-weight: bold; line-height: inherit;">(vi) </font>not use any substance that is unlawful or prohibited in Brazil or in the United States of America; and <font style="font-weight: bold; line-height: inherit;">(vii) </font>not been convicted of any crime for which a final and non-appealable judgment has been rendered.</font></p>
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<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><br></font></font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.12.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The resolutions of the Ordinary Previous Meeting will be taken by a majority vote of the members present at the meeting, with each RPO Member having one vote.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 42.55pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.12.1.</font>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; The RPO Members shall exercise their voting rights so to ensure that the directors appointed by the Holdings and the Holdings Partners represent the largest possible number of members to be elected to Ultrapar&#8217;s board of directors.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 42.55pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.12.2.</font>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; RPO Members elected by Holdings Holders, individually or jointly holding equity greater than 15% (fifteen percent) of the Bound Shares may, until the time of the close of the Ordinary Previous Meeting request that one or more matters included in the agenda, even after its resolution, is submitted to resolution in a Plenary Previous Meeting, in which case any resolutions already taken on the matters will be null and pending a decision at a Plenary Previous Meeting.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 42.55pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 42.55pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.12.3.</font>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;In the case referred to in Section 3.12.2, the chairman shall call the Plenary Previous Meeting to within 24 (twenty four) hours, to resolve on the matters subject-matter of the request, and the Plenary Previous Meeting shall be held on the first business day following the date of the call. If the request is not met (or the second call meeting under Section 3.20 is not called) within 24 (twenty-four) hours, the requesting members may jointly call such Plenary Previous Meeting, provided that with agenda identical to the one requested and subject to the deadlines and procedures established set forth in this Agreement.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; text-decoration: underline; line-height: inherit;">Plenary Previous Meetings</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.13.</font><font style="font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>The Plenary Previous Meetings shall be held prior to any General Shareholders&#8217; Meeting in which its agenda includes any of the following matters:<font style="vertical-align: super; line-height: inherit;"> </font></font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 42.55pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">(i)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>amendment to Ultrapar&#8217;s by-laws;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 42.55pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">(ii)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>change to the rights attached to the shares issued by Ultrapar;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 42.55pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">(iii)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp;</font>merger (amalgamation), merger, merger of shares, or spin-off involving Ultrapar; and</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 42.55pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">(iv)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;</font>acquisition or disposal of assets by Ultrapar and its controlled entities, as long as they have been subject to a resolution of Ultrapar&#8217;s General Shareholders&#8217; Meeting </font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt 42.55pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.14.</font><font style="font-weight: bold; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font>The Plenary Previous Meetings shall also be held in order to resolve on any matters submitted to it according to a request made in an Ordinary Previous Meeting, as set forth in Sections 3.12.2 and 3.12.3 above.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.15.</font><font style="font-weight: bold; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; </font>All Holding members with voting rights in the Holdings will have the right to vote on the Plenary Previous Meetings.</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.16.</font><font style="font-weight: bold; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>In the Plenary Previous Meetings, the number of votes of each Holding Partner shall be equal to the number of Bound Shares corresponding to the Holding shares or quotas the Holding Partner is entitled to voting rights.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.17.</font><font style="font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Subject to the provisions of Sections 3.6.2 and 3.7 above and, except as Section 3.17.1 below, resolutions shall be passed in Plenary Previous Meetings by the affirmative vote of at least sixty-six percent (66%) of the total number of votes of all Holdings Partners attending and not attending the Plenary Previous Meeting, calculated as set forth in Section 3.16 of this Agreement (100% (one hundred percent) of such sum, the &#8220;<font style="text-decoration: underline; line-height: inherit;">Total Votes</font>&#8221;). </font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><br></font></font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.17.1.</font> The resolutions on matters that are submitted to the Plenary Previous Meetings upon request made at the Ordinary Previous Meeting pursuant to Section 3.12.2 and 3.14 above, will be taken by the favorable vote of the majority of the Total Votes, subject, however, to the provision in Section 3.20.1 below.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.18</font>. Whoever is responsible, under this Agreement, to chair the Ordinary Previous Meetings, will also chair the Plenary Previous Meetings.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.19.</font><font style="font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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) 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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.20.</font><font style="font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The Plenary Previous Meetings shall be held at least seven (7) days before the date scheduled for the General Shareholders&#8217; Meetings to which they relate, and shall be deemed validly convened with the presence of holders of sixty-six 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) hours so that the meeting in second call is held at least three (3) days in advance of the date of the corresponding General Shareholders&#8217; Meeting. In case the quorum set forth in this Section is not reached, the provisions of Section 3.2 above shall apply.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.20.1.</font><font style="font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event referred to in Section 3.14, the Plenary Previous Meetings will be considered validly established on second call with any quorum of attendance, and the respective resolutions shall be taken, in this case, by the majority of the votes of those present calculated pursuant to Section 3.16.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; text-decoration: underline; line-height: inherit;">Common provisions concerning Ordinary Previous Meetings and Plenary Previous Meetings</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.21.</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Except if otherwise agreed by the Holdings Partners, as applicable, the Ordinary Previous Meetings and the Plenary Previous Meetings shall be held at Ultra&#8217;s headquarters.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.22.</font><font style="font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Each Holding Partner shall be allowed to appoint an attorney in fact to represent him/her/it in the Plenary Previous Meetings.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.23.</font><font style="font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event any General Shareholders&#8217; 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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 56.7pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.24.</font><font style="font-weight: bold; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>The Holdings Partners hereby undertake, on their own behalf and on behalf of their attorneys-in-fact, not to disclose any confidential information related to Ultrapar&#8217;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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">3.25.</font><font style="font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>A call notice shall not be required for any Previous Meeting attended by all Holdings Partners with voting rights in that meeting, or their attorneys-in-fact, or all RPO Members, as the case may be, and, in this case, the meeting shall be deemed validly convened.</font></p>
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<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">SECTION FOUR</font></font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">RESTRICTIONS ON DISPOSALS AND ENCUMBRANCES </font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>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.</font></p>
<p style="line-height: 1.2; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: -0.55pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.1.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp; </font>For the purposes of this Agreement, <font style="font-weight: bold; line-height: inherit;">(i) </font>&#8220;<font style="text-decoration: underline; line-height: inherit;">Encumber</font>&#8221; 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' agreement or similar agreement, lien, or any other restriction or limitation of any nature affecting the free and unrestricted title to the company&#8217;s shares or quotas or investment fund quotas, or that otherwise creates obstacles of any nature to their Disposal, at any time, such acts shall be deemed a &#8220;Disposal&#8221; and <font style="font-weight: bold; line-height: inherit;">(ii) </font>&#8220;<font style="text-decoration: underline; line-height: inherit;">Dispose of</font>&#8221; shall mean any assignment of, transfer of, or sale of, or contribution to the capital stock, shares or quotas of companies, provided that, for purposes of this Agreement, they shall be also deemed &#8220;Disposal&#8221;, whether directly or indirectly and whether free of charge or for valuable consideration (i) corporate transactions involving the Holdings that result in an indirect transfer of Bound Shares to a third party, (ii) in the case of investment funds whose management is not discretionary, the transfer of ownership of the majority of its shares, and (iii) in the case of investment funds with discretionary management, the replacement of the manager or the sale of its shareholding control.</font></p>
<p style="line-height: 1.2; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.1.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp; </font>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.</font></p>
<p style="line-height: 1.2; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font>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 <font style="font-style: italic; line-height: inherit;">in rem</font> right of fruition or other security interest, except for the ones that are of knowledge of the Parties on the date hereof.</font></p>
<p style="line-height: 1.2; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>It shall be prohibited for any Holding to Encumber any Bound Shares without the prior express consent of the other Holding.</font></p>
<p style="line-height: 1.2; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>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&#8217;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&#8217; or quotaholders&#8217; agreements of the Holdings, and, second, if it is still the case, with the provisions of this Agreement.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">4.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>Pursuant to the provisions of Section 1.3 of this Agreement, the Holdings Partners 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&#8217; or quotaholders&#8217; agreements of the Holdings (or&nbsp; the Holdings Partners), if a legal entity or investment funds, 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: <font style="font-weight: bold; line-height: inherit;">(a) </font>whenever such Disposal or Encumbrance is <font style="font-weight: bold; line-height: inherit;">(i) </font>between ascendants, descendants, or spouses; <font style="font-weight: bold; line-height: inherit;">(ii) </font>to holding companies which capital stock is wholly owned by a Holding Partner or by the partners with a stake in i by its respective ascendants, descendants, or spouse; <font style="font-weight: bold; line-height: inherit;">(iii) </font>between a Holding Partner and the respective partners holding a stake in it, including in the case of dissolution of such Holding Partner, and, as the case may be, <font style="font-weight: bold; line-height: inherit;">(iv) </font>between investment funds who have the same manager; and <font style="font-weight: bold; line-height: inherit;">(b) </font>provided that such persons, without any restriction or condition, adhere to this Agreement in the capacity as Holding Partner.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION FIVE</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">RIGHT OF FIRST REFUSAL ON BOUND SHARES</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">5.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font>During the effective term of this Agreement, in the event either Holding intends to directly or indirectly Dispose of any Bound Shares (&#8220;<font style="text-decoration: underline; line-height: inherit;">Offering Shareholder</font>&#8221;) to a person who is not a signatory of this Agreement, it shall first offer such Bound Shares (&#8220;<font style="text-decoration: underline; line-height: inherit;">Offered Shares</font>&#8221;) to the other Holding (&#8220;<font style="text-decoration: underline; line-height: inherit;">Offered Shareholder</font>&#8221;) 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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">Notice of Offer</font>&#8221;). 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) days from receipt of the Notice of Offer (&#8220;<font style="text-decoration: underline; line-height: inherit;">Right of First Refusal</font>&#8221;).</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">5.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font>The Notice of Offer shall: <font style="font-weight: bold; line-height: inherit;">(i) </font>specify the name and full qualification of whoever is interested in acquiring the Offered Shares (&#8220;<font style="text-decoration: underline; line-height: inherit;">Offeror</font>&#8221;), identifying, if it is a legal entity, its controlling or main shareholders, up to the level of the individuals; <font style="font-weight: bold; line-height: inherit;">(ii) </font>inform the number of Offered Shares and the total price and the price per share, in domestic currency; <font style="font-weight: bold; line-height: inherit;">(iii) </font>detail the payment conditions of the proposed Disposal; and <font style="font-weight: bold; line-height: inherit;">(iv) </font>be followed by a copy of the offer or equivalent document presented by the Offeror (&#8220;<font style="text-decoration: underline; line-height: inherit;">Offer</font>&#8221;).</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">5.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; </font>In the event the Offered Shareholder decides to exercise the Right of First Refusal and acquire the Offered Shares (&#8220;<font style="text-decoration: underline; line-height: inherit;">Accepting Shareholder</font>&#8221;), it shall communicate to the Offering Shareholder within thirty (30) days from the date of receipt of the Notice of Offer (&#8220;<font style="text-decoration: underline; line-height: inherit;">Exercise Period</font>&#8221;) its irrevocable and irreversible decision to exercise the Right of First Refusal to acquire the Offered Shares (&#8220;<font style="text-decoration: underline; line-height: inherit;">Notice of Exercise of Right of First Refusal</font>&#8221;).</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">5.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; </font>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) days from the Notice of Exercise of the Right of First Refusal, upon the execution of a Share Transfer Order &#8211; STA (<font style="font-style: italic; line-height: inherit;">Ordem</font><font style="font-style: italic; line-height: inherit;"> de </font><font style="font-style: italic; line-height: inherit;">Transfer&#234;ncia</font><font style="font-style: italic; line-height: inherit;"> de </font><font style="font-style: italic; line-height: inherit;">A&#231;&#245;es</font><font style="font-style: italic; line-height: inherit;"> &#8211; OTA</font>) to the entity in charge of the Company&#8217;s book entry shares.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">5.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>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&#8217;s Tag Along Right, as defined in Section Seven below, the Offering Shareholder may, at its discretion and within thirty (30) 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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>47</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION SIX</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">RIGHT OF FIRST REFUSAL IN CASE OF ATTACHMENT</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">6.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event any Bound Shares owned by one of the Holdings suffer an Attachment (&#8220;<font style="text-decoration: underline; line-height: inherit;">Attached Shares</font>&#8221;), such Holding shall notify the other Holding so to inform the Attachment on Bound Shares held by it within up to five (5) days from the date that such Holding is informed of the Attachment (&#8220;<font style="text-decoration: underline; line-height: inherit;">Notice of Attachment</font>&#8221;).</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">6.1.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp; </font>For the purposes of this Agreement, &#8220;<font style="text-decoration: underline; line-height: inherit;">Attachment</font>&#8221; shall mean an attachment (<font style="font-style: italic; line-height: inherit;">penhora</font>), sequestration (<font style="font-style: italic; line-height: inherit;">arresto</font>), 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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">6.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The Notice of Attachment shall be accompanied by: <font style="font-weight: bold; line-height: inherit;">(i) </font>a copy of the court order or equivalent decision ordering the Attachment; <font style="font-weight: bold; line-height: inherit;">(ii) </font>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 <font style="font-weight: bold; line-height: inherit;">(iii) </font>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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">6.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The Holding that owns the Attached Shares shall have sixty (60) 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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">6.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font>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) days from the end of the period referred to in Section 6.3 above informing it of its irrevocable and irreversible decision to exercise the right of first refusal to acquire the Attached Shares (&#8220;<font style="text-decoration: underline; line-height: inherit;">Notice of Exercise of Right of First Refusal on Attached Shares</font>&#8221;).</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">6.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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. &#8211; Brasil, Bolsa e Balc&#227;o during the ninety (90) days preceding the date of the Notice of Exercise of Right of First Refusal on Attached Shares (&#8220;<font style="text-decoration: underline; line-height: inherit;">Acquisition Price of Attached Shares</font>&#8221;).</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">6.6.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">Deposit</font>&#8221;).</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">6.7.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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) days from the date of the Deposit.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">6.8.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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) days from the date of the Deposit.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">6.9.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>The transfer of ownership and title to the Attached Shares shall be effected by means of the execution of a Share Transfer Order &#8211; STA (<font style="font-style: italic; line-height: inherit;">Ordem</font><font style="font-style: italic; line-height: inherit;"> de </font><font style="font-style: italic; line-height: inherit;">Transfer&#234;ncia</font><font style="font-style: italic; line-height: inherit;"> de </font><font style="font-style: italic; line-height: inherit;">A&#231;&#245;es</font><font style="font-style: italic; line-height: inherit;"> &#8211; OTA</font>) to the entity in charge of the Company&#8217;s book entry shares.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION SEVEN</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">TAG ALONG RIGHT </font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">7.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">Tag Along Right</font>&#8221;), in the following events and by the following means:</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 54pt; text-align: justify; text-indent: -36pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">(i)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event that <font style="font-weight: bold; line-height: inherit;">(a)</font><font style="font-style: italic; line-height: inherit;"> </font>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 <font style="font-weight: bold; line-height: inherit;">(b)</font><font style="font-style: italic; line-height: inherit;"> </font>the Offering Shareholder has not Disposed of any Bound Shares during the twelve (12) months preceding the date of the Notice of Offer (&#8220;<font style="text-decoration: underline; line-height: inherit;">Period</font>&#8221;), 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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">Offer Price</font>&#8221;), 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 <font style="font-style: italic; line-height: inherit;">pro rata </font>to their respective stakes in the total number of Bound Shares (&#8220;<font style="text-decoration: underline; line-height: inherit;">Shares to be Jointly Disposed of</font>&#8221;); and</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 54pt; text-align: justify; text-indent: -36pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">(ii)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event, however, that <font style="font-weight: bold; line-height: inherit;">(a)</font> the Offering Shareholder has Disposed of Bound Shares in the Period; and <font style="font-weight: bold; line-height: inherit;">(b)</font> the Offered Shares, as per the Notice of Offer, plus the Bound Shares already Disposed of by the Offering Shareholder in the Period (&#8220;<font style="text-decoration: underline; line-height: inherit;">Total Disposed of Shares</font>&#8221;), 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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">Percentage of the Total Disposed of Shares</font>&#8221;), then:</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 70.8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 70.8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">(y)</font><font style="font-style: italic; line-height: inherit;"> </font>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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">Bound Shares to be Added to the Sale</font>&#8221;); and</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 70.8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">(z)</font><font style="font-style: italic; line-height: inherit;"> </font>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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">7.1.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The provisions of Section 7.1(ii) above shall apply irrespective of the Tag Along Right or of the Holding Partner&#8217;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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 54pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">7.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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) days from the date of receipt of the Notice of Offer.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">7.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event the Offered Shareholder does not exercise its Tag Along Right within the term provided for in Section 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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">Holding Partner&#8217;s Tag Along Right</font>&#8221;). The Holding Partner&#8217;s Tag Along Right may be exercised up to the end of the Exercise Period referred to in Section 5.3 above, by means of a notice to be sent to the Offered Shareholder <font style="font-weight: bold; line-height: inherit;">(i)</font> informing of the irrevocable and irreversible exercise of the Holding Partner&#8217;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 <font style="font-weight: bold; line-height: inherit;">(ii) </font>presenting a copy of the Migration Notice referred to in Section 9.2 of this Agreement (&#8220;<font style="text-decoration: underline; line-height: inherit;">Notice of Exercise of Holding Partner&#8217;s Tag Along Right</font>&#8221;). Not later than three (3) 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&#8217;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&#8217;s Tag Along Right it may have received.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><br></font></font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">7.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event of exercise of a Holding Partner&#8217;s Tag Along Right, the lot of Offered Shares to be Disposed of to the Offeror shall be formed by the Offering Shareholder&#8217;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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">7.4.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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&#8217;s Tag Along Right, subject to a maximum period of ninety (90) days from the date the Notices of Exercise of Holding Partner&#8217;s Tag Along Right were sent by the Offered Shareholder to the Offering Shareholder.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">7.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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&#8217;s Tag Along Right, as applicable, shall be effected by means of the execution of a Share Transfer Order &#8211; STA (<font style="font-style: italic; line-height: inherit;">Ordem</font><font style="font-style: italic; line-height: inherit;"> de </font><font style="font-style: italic; line-height: inherit;">Transfer&#234;ncia</font><font style="font-style: italic; line-height: inherit;"> de </font><font style="font-style: italic; line-height: inherit;">A&#231;&#245;es</font><font style="font-style: italic; line-height: inherit;"> &#8211; OTA</font>) to the entity in charge of the Company&#8217;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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">7.6.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event the Tag Along Right or the Holding Partner&#8217;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 5.5 above.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION EIGHT</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">RIGHT OF FIRST REFUSAL ON HOLDINGS SHARES AND QUOTAS</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">8.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The corporate documents of each Holding shall provide for <font style="font-weight: bold; line-height: inherit;">(i) </font>a first degree right of first refusal, that is, each Holding Partner&#8217;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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">First Degree Right of First Refusal</font>&#8221;); <font style="font-weight: bold; line-height: inherit;">(ii) </font>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, <font style="font-weight: bold; line-height: inherit;">(iii) </font>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 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) of this Section 8.1.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">8.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event the Holding Partner (&#8220;<font style="text-decoration: underline; line-height: inherit;">Offering Partner</font>&#8221;) intends to directly or indirectly Dispose of <font style="text-decoration: underline; line-height: inherit;">Holding Shares or Quotas</font>, 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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">Offered Partners</font>&#8221;), by means of a notice (&#8220;<font style="text-decoration: underline; line-height: inherit;">Notice of Offer from Holding Partner</font>&#8221;), 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 (&#8220;<font style="text-decoration: underline; line-height: inherit;">Offered Indirect Stake</font>&#8221;), within thirty (30) days (&#8220;<font style="text-decoration: underline; line-height: inherit;">Second Degree Right of First Refusal</font>&#8221;).</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><br></font></font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">8.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>The Notice of Offer from Holding Partner shall: <font style="font-weight: bold; line-height: inherit;">(i) </font>specify the name and full qualification of whoever is interested in acquiring the Offered Indirect Stake (&#8220;<font style="text-decoration: underline; line-height: inherit;">Potential Acquirer</font>&#8221;), identifying, if it is a legal entity, its controlling or main shareholders, up to the level of the individuals; <font style="font-weight: bold; line-height: inherit;">(ii) </font>inform the number of shares issued by Ultrapar comprised in the Offered Stake and the proportion such number represent of Ultrapar&#8217;s capital stock, as well as the total price and the price per share, in domestic currency, and the payment due date; and <font style="font-weight: bold; line-height: inherit;">(iii) </font>be accompanied by a copy of the offer or equivalent document presented by the Potential Acquirer (&#8220;<font style="text-decoration: underline; line-height: inherit;">Indirect Stake Offer</font>&#8221;). 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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">8.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event any Offered Partner decides to exercise the Second Degree Right of First Refusal to acquire the Offered Indirect Stake (&#8220;<font style="text-decoration: underline; line-height: inherit;">Accepting Partner</font>&#8221;), it shall notify the Holding in which it holds a stake within thirty (30) days from the date of receipt by such Holding of the Notice of Offer from Holding Partner (&#8220;<font style="text-decoration: underline; line-height: inherit;">Exercise Period of the Second Degree Right of First Refusal</font>&#8221;), informing of the irrevocable and irreversible exercise of the Second Degree Right of First Refusal to acquire the whole Offered Stake (&#8220;<font style="text-decoration: underline; line-height: inherit;">Notice of Exercise of Second Degree Right of First Refusal</font>&#8221;). Not later than three (3) days after the end of the Exercise Period of the Second Degree Right of First Refusal, the Offered Partners&#8217; 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&#8217; Holding shall also forward to the other Holding copies of all Notices of Exercise of Holding Partner&#8217;s Tag Along Right it may have received.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">8.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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 <font style="font-style: italic; line-height: inherit;">pro rata</font> to each Accepting Partner&#8217;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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">8.6.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The acquisition of the Offered Stake shall be effected by means of the following steps: <font style="font-weight: bold; line-height: inherit;">(i) </font>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; <font style="font-weight: bold; line-height: inherit;">(ii) </font>acquisition of shares issued by Ultrapar in the exact terms of the Notice of Offer from Holding Partner within thirty (30) days from the Notice of Exercise of Second Degree Right of First Refusal, upon the execution of a Share Transfer Order &#8211; STA (<font style="font-style: italic; line-height: inherit;">Ordem</font><font style="font-style: italic; line-height: inherit;"> de </font><font style="font-style: italic; line-height: inherit;">Transfer&#234;ncia</font><font style="font-style: italic; line-height: inherit;"> de </font><font style="font-style: italic; line-height: inherit;">A&#231;&#245;es</font><font style="font-style: italic; line-height: inherit;"> &#8211; OTA</font>) to the entity in charge of the Company&#8217;s book entry shares; and <font style="font-weight: bold; line-height: inherit;">(iii) </font>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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">8.6.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp; </font>Each Holding Partner hereby undertakes <font style="font-weight: bold; line-height: inherit;">(i)</font> to approve the capital increase of the Holding of which it is a partner in order to comply with the provisions of Section 8.6 above; and <font style="font-weight: bold; line-height: inherit;">(ii) </font>not to exercise the preemptive right to which it will be entitled by virtue of such capital increase.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">8.7.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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) 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 (30)-day period referred to in this Section 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">8.8.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>In the event any tag along right on Holding Shares or Quotas, established for the benefit of a Holding Partner in the Holdings&#8217; 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 <font style="font-style: italic; line-height: inherit;">pro rata</font> portion of the Offered Indirect Stake. </font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION NINE</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">MIGRATION RIGHT</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">9.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The Holdings Partners shall be allowed to swap their direct stakes in the Holdings&#8217; capital stock for shares issued by Ultrapar, as provided for and according to the legal form established in the Holdings&#8217; corporate documents, subject to the provisions of this Section Nine (&#8220;<font style="text-decoration: underline; line-height: inherit;">Migration</font>&#8221;). 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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">9.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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 <font style="font-weight: bold; line-height: inherit;">(i) </font>the number of shares or quotas of the Holding&#8217;s capital stock that he/she/it intends to swap; <font style="font-weight: bold; line-height: inherit;">(ii) </font>the corresponding number of shares issued by Ultrapar (&#8220;<font style="text-decoration: underline; line-height: inherit;">Migration Notice</font>&#8221;). The Holding shall forward a full copy of the Migration Notice forthwith to each Holding Partner holding a stake in it.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">9.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Within up to fifteen (15) 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) 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) days after such communication. </font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">9.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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 <font style="font-style: italic; line-height: inherit;">pro rata </font>to the number of shares issued by Ultrapar that each one accepted to swap.<font style="vertical-align: super; line-height: inherit;"> </font>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 9.5 below.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">9.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event none of the Holding Partners accepts the swap, or the swap is accepted only in part as set forth in Section 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&#8217; or partners&#8217; 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION TEN </font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">ADHERENCE TO THE AGREEMENT UPON VOLUNTARY DISPOSAL OR ENCUMBRANCE</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">10.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The Holdings and the Holdings Partners hereby agree that it shall be a condition of the validity <font style="font-weight: bold; line-height: inherit;">(i)</font> of any Disposal of Bound Shares or Holding shares or quotas, <font style="font-weight: bold; line-height: inherit;">(ii)</font> of any Encumbrance of Bound Shares or Holding shares or quotas which results in a transfer of voting rights, as well as <font style="font-weight: bold; line-height: inherit;">(iii)</font> 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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION ELEVEN</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">ADHERENCE TO THE AGREEMENT UPON INVOLUNTARY DISPOSAL</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">11.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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 common-law marriage equivalent (<font style="font-style: italic; line-height: inherit;">uni&#227;o</font><font style="font-style: italic; line-height: inherit;"> </font><font style="font-style: italic; line-height: inherit;">est&#225;vel</font>), or cohabitation (<font style="font-style: italic; line-height: inherit;">concubinato</font>) 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">11.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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, common-law marriage equivalent (<font style="font-style: italic; line-height: inherit;">uni&#227;o</font><font style="font-style: italic; line-height: inherit;"> </font><font style="font-style: italic; line-height: inherit;">est&#225;vel</font>) or cohabitation (<font style="font-style: italic; line-height: inherit;">concubinato</font>), 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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION TWELVE</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">EFFECTIVE TERM AND SUCCESSORS</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">&nbsp;</font></font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">12.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>This Agreement is executed in an irrevocable and irreversible capacity and shall remain in force for five (5) 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) months before its final term. </font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">12.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event this Agreement is terminated by Parth as per Section 12.1 above, it shall remain in force between the Ultra Partners which shall remain bound to all its terms and conditions for an additional five (5) years from the date the Agreement was terminated; provided that, in this case, <font style="font-weight: bold; line-height: inherit;">(i) </font>all references to &#8220;Party&#8221; or &#8220;Parties&#8221; shall apply to the Ultra Partners; and <font style="font-weight: bold; line-height: inherit;">(ii)</font> Sections Four, Five, Six, Seven, and Eight shall no longer be in force.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">12.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>This Agreement shall be binding, in all its terms and conditions, on the Holdings&#8217; successors, and the Holdings Partners&#8217; successors, heirs and sharecroppers, subject to any restrictions on the entry of third parties under the terms of the Holdings&#8217; corporate documents, pursuant to Section 8.1 of this Agreement.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION THIRTEEN</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SPECIFIC PERFORMANCE&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">13.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The Holdings and the Holdings Partners, 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.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">13.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>As provided for in Section 13.1 above, noncompliance by the Holdings or by the Holdings Partners, 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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">13.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>For the purposes of Article 118 of Law no. 6404/76, one counterpart 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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">13.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">13.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In addition, the restrictions on Disposals and Encumbrances of equity stakes referred to in this Agreement shall be annotated in the respective Ultra&#8217;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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION FOURTEEN</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">APPLICABLE LAW AND DISPUTE RESOLUTION</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">14.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>This Agreement shall be governed by and construed pursuant to the laws of the Federative Republic of Brazil.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">14.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Any omissions, doubts, disputes, conflicts, or controversies (&#8220;<font style="text-decoration: underline; line-height: inherit;">Controversy</font>&#8221;) among the signatories arising out of or related to this Agreement shall be submitted, within up to thirty (30) 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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">14.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event there is no unanimous consent as to the appointment of the single conciliator within the time period set forth in Section 14.2 above, the interested party (the Holdings or the Holdings Partners, as the case may be) shall submit the Controversy to a final and binding arbitration by the Market Arbitration Chamber of B3 S.A. - Brasil, Bolsa e Balc&#227;o (&#8220;<font style="text-decoration: underline; line-height: inherit;">CAM</font>&#8221;), under its arbitration rules in force on the date of the request for arbitration (&#8220;<font style="text-decoration: underline; line-height: inherit;">Rules</font>&#8221;) 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.</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>54</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><br></font></font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">14.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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&#227;o Paulo, State of S&#227;o Paulo, Brazil. The language of the arbitration shall be Portuguese. </font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">14.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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. </font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">14.6.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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&#227;o Paulo, State of S&#227;o Paulo, as the court of exclusive jurisdiction, waiving any others, however special or privileged they may be.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<h1 style="line-height: 17pt; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">SECTION FIFTEEN</font></h1>
<h1 style="line-height: 17pt; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">COMMUNICATIONS AND NOTICES</font></h1>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">15.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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 <font style="font-weight: bold; line-height: inherit;">(i) </font>any electronic means with proof of receipt; <font style="font-weight: bold; line-height: inherit;">(ii) </font>a<font style="font-weight: bold; line-height: inherit;"> </font>titles and deeds registrar; or <font style="font-weight: bold; line-height: inherit;">(iii) </font>registered mail, return receipt requested.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">15.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-variant: small-caps; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SECTION SIXTEEN</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">MISCELLANEOUS</font><font style="font-weight: bold; line-height: inherit;"> AND PROVISIONAL PROVISIONS</font></font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; letter-spacing: -0.2pt; line-height: inherit;">16.1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="letter-spacing: -0.2pt; line-height: inherit;">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&#8217;s right to enforce them in the future, except if otherwise provided for in this Agreement.</font></font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.2pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; letter-spacing: -0.2pt; line-height: inherit;">16.2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="letter-spacing: -0.2pt; line-height: inherit;">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.</font></font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.2pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">16.3.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="letter-spacing: -0.2pt; line-height: inherit;">Any </font><font style="letter-spacing: -0.2pt; line-height: inherit;">amendment</font><font style="letter-spacing: -0.2pt; line-height: inherit;"> or </font>change of this Agreement shall only be made and shall only be effective upon all signatories&#8217; written consent.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">16.4.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>55</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;"><br></font></font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">16.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>In the event of conflict or incompatibility among the corporate documents or other shareholders&#8217; or quotaholders&#8217; agreements of the Holdings and this Agreement, the provisions of this Agreement shall prevail.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">16.6.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">16.7.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The Holdings and the Holdings Partners 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&#8217; or quotaholders&#8217; agreements of the Holdings, and provided that <font style="font-weight: bold; line-height: inherit;">(a)</font> they do not conflict with this Agreement, subject to the provisions of Section 1.3 above, and <font style="font-weight: bold; line-height: inherit;">(b)</font> 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.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">16.8.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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&#227;o Paulo.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">16.9.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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.</font></p>
<p style="margin: 0pt 0pt 0pt 35.4pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">16.10.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp;</font>On this date, (i) a Plenary Previous Meeting will be held, in which the Holdings Partners shall elect the RPO Members, who, exceptionally, will have a mandate coinciding with that of Ultrapar&#8217;s members of the board of directors that may be elected at the 2021 ordinary general meeting, and (ii) an Ordinary Previous Meeting will be held, that will elect its chairman.</font></p>
<p style="margin: 0pt 0pt 0pt 35.4pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; break-after: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">IN WITNESS WHEREOF, the Holdings and the Holdings Partners execute this Agreement in [5 (five)] counterparts with the same form and contents, before the two undersigned witnesses.</font></p>
<p style="line-height: 17pt; margin: 0pt; page-break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="line-height: 17pt; margin: 0pt 0pt 0pt 35.45pt; page-break-after: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;">S&#227;o Paulo, August 18, 2020.</font></p>
<p style="line-height: 17pt; margin: 0pt 0pt 0pt 35.45pt; page-break-after: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="line-height: 17pt; margin: 0pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">_____________________________________</font></p>
<p style="line-height: 17pt; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">ULTRA S.A. PARTICIPA&#199;&#213;ES</font></p>
<p style="line-height: 17pt; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="line-height: 17pt; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">_____________________________________</font></p>
<p style="line-height: 17pt; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">PARTH DO BRASIL PARTICIPA&#199;&#213;ES LTDA.</font></p>
<p style="line-height: 17pt; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="line-height: 17pt; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<p style="line-height: 17pt; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In the capacity as intervening parties and bound by the provisions of this Agreement:</font></p>
<p style="line-height: 17pt; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="line-height: 17pt; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">Ultra Partners</font><font style="font-weight: bold;">:</font></font></p>
<p style="line-height: 17pt; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<p style="font-size: 11pt; line-height: 150%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 11pt; line-height: 200%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">ANA MARIA LEVY VILLELA IGEL</font></p>
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<p style="font-size: 11pt; line-height: 150%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 11pt; line-height: 200%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">FABIO IGEL</font></p>
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<p style="font-size: 11pt; line-height: 200%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<p style="font-size: 11pt; line-height: 200%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<p style="font-size: 12pt; line-height: 150%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">M&#193;RCIA IGEL JOPPERT</font></p>
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<p style="font-size: 12pt; line-height: 150%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">ROG&#201;RIO IGEL</font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 91px;">
<p style="font-size: 12pt; line-height: 150%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">JOYCE IGEL DE CASTRO ANDRADE</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 91px;">
<p style="font-size: 12pt; line-height: 150%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">LUCIO DE CASTRO ANDRADE FILHO</font></p>
</td>
</tr>
<tr style="margin: 0px; text-indent: 0px; height: 33px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 33px;">
<p style="font-size: 12pt; line-height: 200%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 33px;">
<p style="font-size: 12pt; line-height: 200%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr style="margin: 0px; text-indent: 0px; height: 59px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 59px;">
<p style="font-size: 12pt; line-height: 150%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">IGELPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">F&#225;bio </font><font style="font-weight: bold;">Igel</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 59px;">
<p style="font-size: 12pt; line-height: 150%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">PEDRO WONGTSCHOWSKI</font></p>
</td>
</tr>
<tr style="margin: 0px; text-indent: 0px; height: 33px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 33px;">
<p style="font-size: 12pt; line-height: 200%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 33px;">
<p style="font-size: 12pt; line-height: 200%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr style="margin: 0px; text-indent: 0px; height: 76px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 76px;">
<p style="margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">CHRISTY PARTICIPA&#199;&#213;ES LTDA.</font></p>
<p style="margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">H&#233;lio Marcos Coutinho Beltr&#227;o</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 76px;">
<p style="margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">H&#201;LIO MARCOS COUTINHO BELTR&#195;O</font></p>
</td>
</tr>
<tr style="margin: 0px; text-indent: 0px; height: 33px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 33px;">
<p style="font-size: 12pt; line-height: 200%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 33px;">
<p style="font-size: 12pt; line-height: 200%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr style="margin: 0px; text-indent: 0px; height: 91px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 91px;">
<p style="font-size: 12pt; line-height: 150%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">BRUNO IGEL</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 91px;">
<p style="font-size: 12pt; line-height: 150%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">ANA ELISA ALVES CORR&#202;A IGEL</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr style="margin: 0px; text-indent: 0px; height: 58px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 58px;">
<p style="font-size: 12pt; line-height: 150%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">ROBERTO DE CASTRO ANDRADE</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 58px;">
<p style="font-size: 12pt; line-height: 150%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">BETTINA DE CASTRO ANDRADE GASPARIAN</font></p>
</td>
</tr>
<tr style="margin: 0px; text-indent: 0px; height: 33px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 33px;">
<p style="font-size: 12pt; line-height: 200%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 33px;">
<p style="font-size: 12pt; line-height: 200%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr style="margin: 0px; text-indent: 0px; height: 108px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 108px;">
<p style="font-size: 12pt; line-height: 150%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">ROBERTA JOPPERT FERRAZ</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 108px;">
<p style="font-size: 12pt; line-height: 150%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">SANDRA JOPPERT </font></font></p>
</td>
</tr>

</table>
<div style="margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px;"><br></p>
<br></div>
</div>
<div style="margin: 0px; text-indent: 0px;"><br></div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>57</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 17pt; margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><br></font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 85px;">

<tr style="height: 17px;">
<td style="width: 33.8235%; border-bottom: 1pt solid #000000; height: 17px;"><br></td>
<td style="width: 66.1765%; height: 17px;"><br></td>
</tr>
<tr style="height: 17px;">
<td style="width: 33.8235%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">P&#193;TRIA PRIVATE EQUITY VI FIP</font></td>
<td style="width: 66.1765%; height: 17px;"><br></td>
</tr>
<tr style="height: 17px;">
<td style="width: 33.8235%; height: 17px;"><font style="font-weight: bold;">MULTIESTRAT&#201;GIA</font></td>
<td style="width: 66.1765%; height: 17px;"><br></td>
</tr>
<tr style="height: 17px;">
<td style="width: 33.8235%; height: 17px;"><br></td>
<td style="width: 66.1765%; height: 17px;"><br></td>
</tr>
<tr style="height: 17px;">
<td style="width: 33.8235%; height: 17px;"><br></td>
<td style="width: 66.1765%; height: 17px;"><br></td>
</tr>

</table>
<p style="line-height: 17pt; margin: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">&nbsp; &nbsp; &nbsp;&nbsp;</font></font></p>
<p style="line-height: 17pt; margin: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">Parth</font><font style="font-weight: bold;"> Partners:</font></font></p>
<p style="line-height: 17pt; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt;">
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">BETTINA IGEL HOFFENBERG</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Jean Pierre Roy Jr. (attorney-in-fact)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt;">
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">VENUS QUARTZ LLC</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Jean Pierre Roy Jr. (attorney-in-fact)</font></p>
</td>
</tr>
<tr>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt;">
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt;">
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt;">
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">JENNINGS LUIS IGEL HOFFENBERG</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt;">
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">_________________________________</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">PEDRO IGEL DE BARROS SALLES</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt;">
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt;">
<p style="font-size: 12pt; line-height: 200%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>

</table>
<p style="line-height: 17pt; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Witnesses:</font></p>
<p style="line-height: 17pt; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="line-height: 17pt; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt;">
<p style="font-size: 12pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">___________________________________________</font></p>
<p style="font-size: 12pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Name:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
<p style="font-size: 12pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">I.D.:</font></p>
<p style="font-size: 12pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">CPF: </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 212.35pt;">
<p style="font-size: 12pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">___________________________________________</font></p>
<p style="font-size: 12pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Name:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
<p style="font-size: 12pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">I.D.:</font></p>
<p style="font-size: 12pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">CPF: </font></p>
</td>
</tr>

</table>
<p style="font-size: 12pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 16pt; line-height: 108%; margin: 0pt 0pt 8pt;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>58</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<ol start="12" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Calibri; font-size: 10pt; font-weight: bold; line-height: 115%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font><font style="font-weight: bold;">General Meeting and Management</font></font></li>
</ol>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">12.5.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="Bf_OL1WZR5G8G00000000000000000000" class="customBookmark"><font style="font-weight: bold;">Information about the officers and members of the Board of Directors indicated or supported by the management</font></a></font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Board of Directors</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0pt 7.05pt 0pt 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 69px;" width="100%">

<tr style="height: 39px;">
<td style="background-color: #ffffff; border-top: 0.5pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 67.3pt; height: 39px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 10.65pt 8pt 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;">Name</font></p>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;">Date of birth</font></p>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;">Profession</font></p>
</td>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;">CPF/ME</font></p>
</td>
<td style="background-color: #ffffff; border-top: 0.5pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 39px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;">Elective position to be held</font></p>
</td>
<td style="background-color: #ffffff; border-top: 0.5pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 39px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;">Expected election and investiture date</font></p>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;">Term of office</font></p>
</td>
<td style="background-color: #ffffff; border-top: 0.5pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 42.65pt; height: 39px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;">Other positions held in the issuer</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="background-color: #ffffff; border-top: 0.5pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 56.7pt; height: 39px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;">Was elected by the controller</font></p>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;">Consecutive terms</font></p>
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<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 67.3pt; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61.5pt; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 35.45pt; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 42.65pt; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 56.7pt; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 56.75pt; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; width: 67.3pt; height: 10px; vertical-align: middle;" valign="middle">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Alexandre Teixeira de Assump&#231;&#227;o Saigh</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; width: 56.7pt; height: 10px; vertical-align: middle;" valign="middle">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">07/13/1967</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; width: 56.7pt; height: 10px; vertical-align: middle;" valign="middle">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Business Manager</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; width: 61.5pt; height: 10px; vertical-align: middle;" valign="middle">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">116.834.178-79</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; width: 59pt; height: 10px; vertical-align: middle;" valign="middle">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Member of the Board of Directors (effective)</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; width: 49.6pt; height: 10px; vertical-align: middle;" valign="middle">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">09/22/2020</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; width: 35.45pt; height: 10px; vertical-align: middle;" valign="middle">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Until 2021 AGM</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; width: 42.65pt; height: 10px; vertical-align: middle;" valign="middle">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; width: 56.7pt; height: 10px; vertical-align: middle;" valign="middle">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 10pt;">No</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; width: 56.75pt; height: 10px; vertical-align: middle;" valign="middle">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
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<tr style="height: 10px;">
<td style="background-color: #ffffff; border-bottom: 0.5pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 67.3pt; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #ffffff; border-bottom: 0.5pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #ffffff; border-bottom: 0.5pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #ffffff; border-bottom: 0.5pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61.5pt; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #ffffff; border-bottom: 0.5pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #ffffff; border-bottom: 0.5pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #ffffff; border-bottom: 0.5pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 35.45pt; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #ffffff; border-bottom: 0.5pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 42.65pt; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #ffffff; border-bottom: 0.5pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 56.7pt; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="background-color: #ffffff; border-bottom: 0.5pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 56.75pt; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<ol type="i" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Calibri; font-size: 10pt; font-style: normal; font-weight: normal; line-height: 115%; list-style-position: inside; margin: 0pt 0pt 6pt 4.82pt; text-align: justify; text-indent: -4.82pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font style="font-weight: bold;"> Mai</font><font style="font-weight: bold;">n professional experience over the last 5 year</font><font style="font-weight: bold;">s</font></font></li>
</ol>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 53px; width: 100%;" width="100%">

<tr style="height: 34px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.1pt; border: 0.5pt solid #000000; height: 34px;">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Company</font></p>
</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.2pt; border: 0.5pt solid #000000; height: 34px;">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Position</font></p>
</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 141.75pt; border: 0.5pt solid #000000; height: 34px;">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Main activity of the company</font></p>
</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 148.85pt; border: 0.5pt solid #000000; height: 34px;">
<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Company is part of the issuer&#8217;s economic group or is controlled by a shareholder that holds a direct or indirect stake equal to or greater than 5%</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="border-bottom: 0.5pt solid #000000; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.1pt; height: 19px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">P&#225;tria Investimentos Ltda. </font></p>
</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.2pt; border: 0.5pt solid #000000; height: 19px;">
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 10pt; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Managing partner </font></li>
</ul>
</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 141.75pt; border: 0.5pt solid #000000; height: 19px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leading alternative asset management company in Latin America</font></p>
</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 148.85pt; border: 0.5pt solid #000000; height: 19px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 10pt;">No</font></p>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="color: #c00000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<ol start="2" type="i" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Calibri; font-size: 10pt; font-style: normal; font-weight: normal; line-height: 115%; list-style-position: inside; margin: 0pt 0pt 6pt 7.11pt; text-align: justify; text-indent: -7.11pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-weight: bold;">All management positions currently held in other companies or third sector organizations</font></font></li>
</ol>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 34px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.1pt; border: 0.5pt solid #000000; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Company</font></p>
</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.2pt; border: 0.5pt solid #000000; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Position</font></p>
</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 141.75pt; border: 0.5pt solid #000000; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Main activity of the company</font></p>
</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 148.85pt; border: 0.5pt solid #000000; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Company is part of the issuer&#8217;s economic group or is controlled by a shareholder that holds a direct or indirect stake equal to or greater than 5%</font></p>
</td>
</tr>
<tr style="height: 24px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.1pt; border: 0.5pt solid #000000; height: 24px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">N/A</font></p>
</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.2pt; border: 0.5pt solid #000000; height: 24px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">N//A</font></p>
</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 141.75pt; border: 0.5pt solid #000000; height: 24px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">N/A</font></p>
</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 148.85pt; border: 0.5pt solid #000000; height: 24px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">N/A</font></p>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 115%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">n. Events occurred over the last 5</font><font style="font-weight: bold;"> years, related to:</font></font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<ol type="i" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Calibri; font-size: 10pt; font-style: normal; font-weight: normal; line-height: 115%; list-style-position: inside; margin: 0pt 0pt 6pt 4.82pt; text-align: justify; text-indent: -4.82pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-weight: bold;">an</font><font style="font-weight: bold;">y criminal sentence</font></font></li>
<li style="font-family: Calibri; font-size: 10pt; font-style: normal; font-weight: normal; line-height: 115%; list-style-position: inside; margin: 0pt 0pt 6pt 7.11pt; text-align: justify; text-indent: -7.11pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-weight: bold;">any judgment in administrative proceeding by CVM and the penalties applied</font></font></li>
<li style="font-family: Calibri; font-size: 10pt; font-style: normal; font-weight: normal; line-height: 115%; list-style-position: inside; margin: 0pt 0pt 6pt 9.41pt; text-align: justify; text-indent: -9.41pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font><font style="font-weight: bold;">any final and unappealable judgment, at legal or administrative level, which has suspended or disqualified the candidate in connection with the performance of any professional or business activity</font></font></li>
</ol>
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The candidate for the Board of Directors presented in this document informed the Company that there were no criminal conviction in CVM administrative proceeding or any other legal or administrative conviction that has suspended his ability or unqualified him to perform any professional or business activity.</font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">12.9. </font><font style="font-weight: bold;">Material relationship, stable union or family relationship up to the second degree between:</font></font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<ol type="a" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Calibri; font-size: 10pt; line-height: 115%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-weight: bold; text-decoration: underline;">the Company&#8217;s officers and directors</font></font></li>
</ol>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">None.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<ol start="2" type="a" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Calibri; font-size: 10pt; line-height: 115%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-weight: bold; text-decoration: underline;">(i) the Company&#8217;s officers and directors and (ii) the officers and directors of any of the Company&#8217;s subsidiaries, whether direct or indirect</font></font></li>
</ol>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">None.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</div>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>59</font></font></td>
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</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<ol start="3" type="a" style="margin: 0pt; padding-left: 0pt;">
<li style="list-style-type: none;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<ol start="3" type="a" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Calibri; font-size: 10pt; line-height: 115%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;">(i) the Company&#8217;s or its subsidiaries&#8217; officers and directors, whether direct or indirect and (ii) the Company&#8217;s direct or indirect controlling shareholders</font></li>
</ol>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Not applicable.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<ol start="4" type="a" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Calibri; font-size: 10pt; line-height: 115%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;">(i) the Company&#8217;s officers and directors and (ii) the officers and directors of any of the Company&#8217;s controlling shareholders, whether direct or indirect </font></li>
</ol>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">None</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">12</font>.<font style="font-weight: bold;">10</font>. <font style="font-weight: bold;">Subordination, service rendering or control relationships kept, over the last 3 fiscal years, between the Company&#8217;s management and:</font></font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<ol type="a" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Calibri; font-size: 10pt; font-weight: bold; line-height: 115%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font style="font-weight: bold; text-decoration: underline;">any of the Company&#8217;s direct or indirect subsidiaries, except those in which the issuer holds, directly or indirectly, the entire share capital</font></font></li>
</ol>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">None.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<ol start="2" type="a" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Calibri; font-size: 10pt; font-weight: bold; line-height: 115%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-weight: bold; text-decoration: underline;">any of the Company&#8217;s direct or indirect controlling shareholder</font></font></li>
</ol>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">None.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<ol start="3" type="a" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Calibri; font-size: 10pt; font-weight: bold; line-height: 115%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-weight: bold; text-decoration: underline;">if material, any supplier, customer, debtor or creditor of the Company, its subsidiary or controlling shareholders or the subsidiaries of any of the foregoing</font></font></li>
</ol>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">None.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div></li>

</ol>
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<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>60</font></font></td>
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<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="Bg_UJUZCKUM1S00000000000000000000" class="customBookmark"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">GL</font><font style="font-weight: bold;">O</font><font style="font-weight: bold;">SSARY</font></font></a></div>
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 113%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">References in the items 12.5 to 12.10 of the Reference Form which are part of this document, to &#8220;Ultrapar&#8221;, &#8220;we&#8221;, &#8220;our&#8221;, &#8220;us&#8221; and &#8220;the Company&#8221; are to Ultrapar Participa&#231;&#245;es S.A. and its consolidated subsidiaries (unless the context otherwise requires).</font></p>
<p style="font-size: 9pt; line-height: 113%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 113%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In addition, all references in this document to:</font></p>
<p style="font-size: 9pt; line-height: 113%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 113%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#8220;CVM&#8221; are to Comiss&#227;o de Valores Mobili&#225;rios, the Brazilian securities authority;</font></p>
<p style="font-size: 9pt; line-height: 113%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 113%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&#8220;AGM&#8221; are to Annual General Meeting;</font></p>
<p style="font-size: 9pt; line-height: 113%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
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<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>61</font></font></td>
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</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 16.8pt; margin: 0pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="Bh_UBV9JGAAPS00000000000000000000" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Power of Attorney</font></a></div>
<p style="line-height: 16.8pt; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Through the intermediary of this private instrument, [ <font style="font-style: italic;">Shareholder</font><font style="font-style: italic;"> </font>], [<font style="font-style: italic;">&nbsp;</font><font style="font-style: italic;">nationality</font>&nbsp;], [&nbsp;<font style="font-style: italic;">civil status</font>&nbsp;], [ <font style="font-style: italic;">occupation</font>&nbsp;], bearer of the identity document, number [&#8226;] [&nbsp;<font style="font-style: italic;">issuing entity</font> ], resident and domiciled at [ <font style="font-style: italic;">full address</font><font style="font-style: italic;"> </font>] or [ legal entity duly incorporated in accordance with the laws of [&#8226;], with its head offices at [&#8226;], enrolled at the Taxpayer Register under number [&#8226;] ] (&#8220;Principal&#8221;), nominates and constitutes as [his/her/its] attorney-in-fact <font style="font-weight: bold;">ANDR&#201; BRICKMANN ARENO</font>, Brazilian, married, lawyer, national identity card RG nr. 26.827.808-8, issued by SSP/SP, with professional identity card OAB/SP nr. 147926-1, and enrolled at the Taxpayers Register CPF/ME under nr. 247.847.158-08; <font style="font-weight: bold;">JOS&#201; ANDR&#201; STUCCHI FERNANDES</font>, Brazilian, single, lawyer, national identity card RG nr. 33.190.551-6-SSP/SP, professional identity card OAB/SP nr. 286.597, and enrolled at the Taxpayers Register CPF/ME under nr. 222.123.568-11; <font style="font-weight: bold;">DENIZE SAMPAIO BICUDO</font>, Brazilian, single, lawyer, national identity card RG nr. 32.308.230-0-SSP/SP, professional identity card OAB/SP nr. 239.515, and enrolled at the Taxpayers Register CPF/ME under nr. 220.578.448-03; and <font style="font-weight: bold;">AMANDA MACEDO LEMOS</font>, Brazilian, single, lawyer, national identity RG nr. 42.325.690-7-SSP/SP, professional identity card OAB/SP under nr. 391.466 and enrolled at the Taxpayers Register CPF/ME under nr. 415.145.028-95, with powers, acting individually and independently of the order of nomination, to represent the Principal as holder of [&#8226;] ([<font style="font-style: italic;">number of shares in words</font>]) common shares issued by <font style="font-weight: bold;">Ultrapar</font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">Participa&#231;&#245;es</font><font style="font-weight: bold;"> S.A.</font>, a publicly-traded company registered in the corporate tax register (CNPJ/ME) under number 33.256.439/0001-39, with corporate headquarters at Av. Brigadeiro Lu&#237;s Ant&#244;nio, nr. 1343, in the City and State of S&#227;o Paulo (&#8220;Company&#8221;), in the Extraordinary General Shareholders&#8217; Meeting to be held at 2 p.m., on September, 22, 2020, as a digital-only meeting, signing the Shareholders&#8217; Presence Register of the Company and the minutes of the Extraordinary General Shareholders&#8217; Meeting for the specific purpose of voting in strict conformity with the following guidance:</font></p>
<p style="line-height: 16.8pt; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">In Extraordinary General Shareholders&#8217; Meeting:</font></p>
<p style="line-height: 16.8pt; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 0pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: normal; font-weight: bold;">(1)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp;&nbsp;&nbsp; </font>Change of the number of members that integrate the Board of Directors. </font></p>
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<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">In Favor</font></p>
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<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Against</font></p>
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<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Abstention</font></p>
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<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">[ ]</font></p>
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<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">[ ]</font></p>
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<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">[ ]</font></p>
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<p style="font-size: 8pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mark with an X in the box of your choice above.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 0pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: normal; font-weight: bold;">(2)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp;&nbsp;&nbsp; </font>Election of Sr. Alexandre Teixeira de Assump&#231;&#227;o Saigh as a member of the Board of Directors.</font></p>
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<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">In Favor</font></p>
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<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Against</font></p>
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<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Abstention</font></p>
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<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">[ ]</font></p>
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<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">[ ]</font></p>
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<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">[ ]</font></p>
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<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mark with an X in the box of your choice above.</font><font style="font-style: italic;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The attorneys-in-fact hereby nominated have no right or obligation whatsoever to take any other measures in the name of the Principal not expressly provided for in this instrument or which are necessary to its exact fulfillment.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">This power of attorney, which may be delegated in full or partially, shall be valid for the aforementioned Extraordinary General Shareholders&#8217; Meeting, whether installed upon the first convening notice or upon the second convening notice.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The present instrument is valid until September 23, 2020.</font></p>
<p style="line-height: 16.8pt; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;">[day] [&nbsp;Month&nbsp;] 2020.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;">[&nbsp;Shareholder&nbsp;]</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>62</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p align="center" style="margin: 0in 1.1pt 0.0001pt 0in; text-align: center; font-size: 11pt; font-family: Arial, sans-serif;"><b style="mso-bidi-font-weight: normal;"><font style="font-family: 'Open Sans','sans-serif'; color: #002060; mso-ansi-language: EN-US;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="BRVB_34FDBSKXBK00000000000000000000" class="customBookmark">REMOTE VOTING BALLOT</a><font style="mso-bidi-font-weight: bold;"></font></font></b></p>
<p align="center" style="margin: 6.2pt 1.1pt 0.0001pt 0in; text-align: center; font-size: 11pt; font-family: Arial, sans-serif;"><b style="mso-bidi-font-weight: normal;"><font style="font-family: 'Open Sans','sans-serif'; color: #002060; mso-ansi-language: EN-US;">EXTRAORDINARY GENERAL SHAREHOLDERS&#8217; MEETING &#8211;</font></b></p>
<p align="center" style="margin: 6.2pt 1.1pt 0.0001pt 0in; text-align: center; font-size: 11pt; font-family: Arial, sans-serif;"><b style="mso-bidi-font-weight: normal;"><font style="font-family: 'Open Sans','sans-serif'; color: #002060; mso-ansi-language: EN-US;">ULTRAPAR PARTICIPACOES S.A. of September 22, 2020<font style="mso-bidi-font-weight: bold;"></font></font></b></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 9pt; font-weight: bold;">N</font><font style="font-family: 'Open Sans'; font-size: 9pt; font-weight: bold;">a</font><font style="font-family: 'Open Sans'; font-size: 9pt; font-weight: bold;">me:</font></p>
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<p style="margin: 6pt 0pt 0pt;"><font style="font-family: 'Open Sans'; font-size: 9pt; font-weight: bold;">Shareholder&#8217;s </font><font style="font-family: 'Open Sans'; font-size: 9pt; font-weight: bold;">CNPJ o</font><font style="font-family: 'Open Sans'; font-size: 9pt; font-weight: bold;">r</font><font style="font-family: 'Open Sans'; font-size: 9pt; font-weight: bold;"> CPF:</font></p>
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<p style="margin: 6pt 0pt 0pt;"><font style="font-family: 'Open Sans'; font-size: 9pt; font-weight: bold;">E</font><font style="font-family: 'Open Sans'; font-size: 9pt; font-weight: bold;">-mail:</font></p>
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<p style="margin: 6pt 1.65pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 9pt; font-weight: bold;">Instructions on completion</font></p>
<p style="font-size: 9pt; line-height: 113%; margin: 6pt 1.65pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Open Sans'; font-size: 9pt;">This ballot for the </font><font style="font-family: 'Open Sans'; font-size: 9pt; letter-spacing: 0.2pt;">Extraordin</font><font style="font-family: 'Open Sans'; font-size: 9pt; letter-spacing: 0.2pt;">ary General Shareholders&#8217; Meeting</font><font style="font-family: 'Open Sans'; font-size: 9pt; letter-spacing: 0.2pt;"> </font><font style="font-family: 'Open Sans'; font-size: 9pt; letter-spacing: 0.25pt;">(&#8220;E</font><font style="font-family: 'Open Sans'; font-size: 9pt; letter-spacing: 0.25pt;">GM</font><font style="font-family: 'Open Sans'; font-size: 9pt; letter-spacing: 0.25pt;">&#8221;) </font><font style="font-family: 'Open Sans'; font-size: 9pt; letter-spacing: 0.25pt;">should be completed if the shareholder chooses to exercise their voting rights remotely pursuant to</font><font style="font-family: 'Open Sans'; font-size: 9pt;"> CVM </font><font style="font-family: 'Open Sans'; font-size: 9pt;">Instruction </font><font style="font-family: 'Open Sans'; font-size: 9pt;">481/09.</font></p>
<p style="font-size: 9pt; line-height: 113%; margin: 6pt 1.65pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Open Sans'; font-size: 9pt;">In this event</font><font style="font-family: 'Open Sans'; font-size: 9pt;">, </font><font style="font-family: 'Open Sans'; font-size: 9pt;">it is mandatory that the foregoing fields are completed with the </font><font style="font-family: 'Open Sans'; font-size: 9pt;">n</font><font style="font-family: 'Open Sans'; font-size: 9pt;">a</font><font style="font-family: 'Open Sans'; font-size: 9pt;">me (o</font><font style="font-family: 'Open Sans'; font-size: 9pt;">r corporate name</font><font style="font-family: 'Open Sans'; font-size: 9pt;">)</font><font style="font-family: 'Open Sans'; font-size: 9pt;"> in full of the shareholder and the Corporate or Individual number in the&nbsp; tax register</font><font style="font-family: 'Open Sans'; font-size: 9pt;"> (CNPJ</font><font style="font-family: 'Open Sans'; font-size: 9pt;">/ME</font><font style="font-family: 'Open Sans'; font-size: 9pt;"> and </font><font style="font-family: 'Open Sans'; font-size: 9pt;">CPF</font><font style="font-family: 'Open Sans'; font-size: 9pt;">/ME</font><font style="font-family: 'Open Sans'; font-size: 9pt;"> respectively</font><font style="font-family: 'Open Sans'; font-size: 9pt;">), </font><font style="font-family: 'Open Sans'; font-size: 9pt;">as well as an e-mail address for eventual contact</font><font style="font-family: 'Open Sans'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 113%; margin: 6pt 1.65pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Open Sans'; font-size: 9pt;">For <!--ng-click="ClearN();"--> <i class="icon icon-format-painter" style="font-size: 20px; display: inline-block; float: left;"></i>  this voting ballot to be valid and the votes cast included in the</font><font style="font-family: 'Open Sans'; font-size: 9pt;"> qu</font><font style="font-family: 'Open Sans'; font-size: 9pt;">o</font><font style="font-family: 'Open Sans'; font-size: 9pt;">rum </font><font style="font-family: 'Open Sans'; font-size: 9pt;">for the EGM</font><font style="font-family: 'Open Sans'; font-size: 9pt;">, </font><font style="font-family: 'Open Sans'; font-size: 9pt;">the following instructions must be followed</font><font style="font-family: 'Open Sans'; font-size: 9pt;">:</font></p>
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<li style="font-family: Symbol; font-size: 9pt; letter-spacing: 0.2pt; margin: 3pt 1.7pt 0pt 35pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'Open Sans'; font-size: 9pt;"> </font><font style="font-family: 'Open Sans'; font-size: 9pt;">The fields of this ballot should be completed </font><font style="font-family: 'Open Sans'; font-size: 9pt;">accordingly</font><font style="font-family: 'Open Sans'; font-size: 9pt;">;</font></li>
<li style="font-family: Symbol; font-size: 9pt; letter-spacing: 0.2pt; margin: 3pt 1.7pt 0pt 35pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'Open Sans'; font-size: 9pt;"> </font><font style="font-family: 'Open Sans'; font-size: 9pt;">Every page in this ballot should be </font><font style="font-family: 'Open Sans'; font-size: 9pt;">initialed</font><font style="font-family: 'Open Sans'; font-size: 9pt;">;</font></li>
<li style="font-family: Symbol; font-size: 9pt; letter-spacing: 0.2pt; margin: 3pt 1.7pt 0pt 35pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'Open Sans'; font-size: 9pt;"> </font><font style="font-family: 'Open Sans'; font-size: 9pt; orphans: 0; widows: 0;"><font>At the end</font><font>,</font><font> </font><font>the shareholder or their</font><font> </font><font>legal</font><font> representative(s)</font><font>,</font><font> </font><font>as the case may be and pursuant to the prevailing legislation</font><font>, </font><font>have to sign the </font><font>ballot</font><font>;</font></font></li>
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<p style="font-size: 9pt; line-height: 113%; margin: 6pt 1.65pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Open Sans'; font-size: 9pt;">Once the ballot and required documentation are received by the Company, the Company shall notify, within 3 (three) business days, the shareholder of their receipt and acceptance or request its correction, pursuant to CVM Instruction 481/09</font><font style="font-family: 'Open Sans'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 113%; margin: 6pt 1.65pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Open Sans'; font-size: 9pt; line-height: 113%; margin: 6pt 1.65pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 9pt; orphans: 0; widows: 0;"> <font lang="EN-US">The form and other representation documents shall be, </font><font lang="EN-US"><font>&nbsp;</font>on an extraordinary basis</font><font lang="EN-US">, digitally sent by e-mail to <font>&nbsp;</font></font><font lang="EN-US"><font>invest@ultra.com.br</font></font><font lang="EN-US">, <font>&nbsp;</font>up to 7 days prior to the date of the EGM, that is until September 15, 2020, <font>&nbsp;</font>without registry before the notary office or notarized copies</font><font lang="EN-US">, in PDF format. Ultrapar will accept forms signed physically or digitally through certified digital signature (ICP-Brazil)</font><font lang="EN-US">. Any forms received by the Company after that date shall be disregarded</font></font> . </font></p>
<p style="font-size: 11pt; line-height: 113%; margin: 6pt 1.65pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Open Sans'; font-size: 9pt;">The </font><font style="font-family: 'Open Sans'; font-size: 9pt;">&#8220;</font><font style="font-family: 'Open Sans'; font-size: 9pt;">EGM </font><font style="font-family: 'Open Sans'; font-size: 9pt;">Manual&#8221; </font><font style="font-family: 'Open Sans'; font-size: 9pt;">and the</font><font style="font-family: 'Open Sans'; font-size: 9pt;"> </font><font style="font-family: 'Open Sans'; font-size: 9pt;">&#8220;</font><font style="font-family: 'Open Sans'; font-size: 9pt;">Management Proposal</font><font style="font-family: 'Open Sans'; font-size: 9pt;">&#8221;</font><font style="font-family: 'Open Sans'; font-size: 9pt;">,</font><font style="font-family: 'Open Sans'; font-size: 9pt;"> </font><font style="font-family: 'Open Sans'; font-size: 9pt;">referred to in this ballot, are available to the shareholders&nbsp; at the Company&#8217;s corporate headquarters</font><font style="font-family: 'Open Sans'; font-size: 9pt;">, </font><font style="font-family: 'Open Sans'; font-size: 9pt;">in its</font><font style="font-family: 'Open Sans'; font-size: 9pt;"> website</font><font style="font-family: 'Open Sans'; font-size: 9pt; font-style: italic;"> </font><font style="font-family: 'Open Sans'; font-size: 9pt;">(</font><font style="color: #002658; font-family: 'Open Sans'; font-size: 9pt; text-decoration: underline;">ri.ultra.com.br</font><font style="font-family: 'Open Sans'; font-size: 9pt;">) </font><font style="font-family: 'Open Sans'; font-size: 9pt;">and the websites of the Securities and Exchange Commission</font><font style="font-family: 'Open Sans'; font-size: 9pt;"> &#8211; CVM (</font><font style="color: #002658; font-family: 'Open Sans'; font-size: 9pt; text-decoration: underline;">www.cvm.gov.br</font><font style="font-family: 'Open Sans'; font-size: 9pt;">) </font><font style="font-family: 'Open Sans'; font-size: 9pt;">and</font><font style="font-family: 'Open Sans'; font-size: 9pt;"> B3 S.A. &#8211; </font><font style="font-family: 'Open Sans'; font-size: 9pt;">Brasil</font><font style="font-family: 'Open Sans'; font-size: 9pt;">, Bolsa, </font><font style="font-family: 'Open Sans'; font-size: 9pt;">Balc&#227;o</font><font style="font-family: 'Open Sans'; font-size: 9pt;"> (</font><font style="color: #002658; font-family: 'Open Sans'; font-size: 9pt; text-decoration: underline;">www.b3.com.br</font><font style="font-family: 'Open Sans'; font-size: 9pt;">).</font></p>
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<p style="margin: 6pt 1.65pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt; font-weight: bold;">Instructions for delivery</font></p>
<p style="margin: 0pt 1.7pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">The shareholder choosing to exercise their voting rights remotely may</font><font style="font-family: 'Open Sans';">:</font></font></p>
<p style="margin: 6pt 1.65pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans'; font-weight: bold;">A. </font><font style="font-family: 'Open Sans'; font-weight: bold;">Send the ballot directly to the Company</font></font></p>
<p style="margin: 0pt 1.7pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">For this purpose, they should submit the following documents</font><font style="font-family: 'Open Sans';">:</font></font></p>
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<li style="font-family: Symbol; font-size: 9pt; letter-spacing: 0.2pt; margin: 3pt 1.7pt 0pt 35pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans'; letter-spacing: 0.15pt;"> </font><font style="font-family: 'Open Sans'; letter-spacing: 0.15pt;">Original copy of this ballot duly completed with every page initialed and signed at the end according to the</font><font style="font-family: 'Open Sans'; letter-spacing: 0.15pt;"> instructions for completion described </font><font style="font-family: 'Open Sans'; letter-spacing: 0.15pt;">above</font><font style="font-family: 'Open Sans'; letter-spacing: 0.2pt;">;</font></font></li>
<li style="font-family: Symbol; font-size: 9pt; letter-spacing: 0.2pt; margin: 3pt 1.7pt 0pt 35pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">Certified copy of the following</font><font style="font-family: 'Open Sans';"> documents:</font></font></li>
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<p style="margin: 6pt 1.65pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans'; font-weight: bold;">Individuals</font><font style="font-family: 'Open Sans'; font-weight: bold;">:</font><font style="font-family: 'Open Sans';"> </font></font></p>
<p style="margin: 0pt 1.7pt 0pt 22.7pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">(</font><font style="font-family: 'Open Sans';">i</font><font style="font-family: 'Open Sans';">) </font><font style="font-family: 'Open Sans';">ID card with the shareholder&#8217;s photograph</font><font style="font-family: 'Open Sans';"> (RG, RNE</font><font style="font-family: 'Open Sans';"> (foreigner&#8217;s ID)</font><font style="font-family: 'Open Sans';">, CNH</font><font style="font-family: 'Open Sans';"> (driver&#8217;s license)</font><font style="font-family: 'Open Sans';">, passport </font><font style="font-family: 'Open Sans'; letter-spacing: 0.15pt;">o</font><font style="font-family: 'Open Sans'; letter-spacing: 0.15pt;">r ID issued by an officially recognized professional class</font><font style="font-family: 'Open Sans'; letter-spacing: 0.25pt;">);</font><font style="font-family: 'Open Sans'; letter-spacing: 1.55pt;"> </font></font></p>
<p style="margin: 6pt 1.65pt 0pt 22.7pt; text-align: justify; font-family: 'Open Sans';"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans'; letter-spacing: 0.2pt;">(ii)</font><font style="font-family: 'Open Sans'; letter-spacing: 1.55pt;"> </font><font style="font-family: 'Open Sans'; letter-spacing: 0.3pt;">in the case of an attorney-in-fact, ID document with a photograph of the same and a power of attorney.</font></font></p>
<p style="margin: 6pt 1.65pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans'; font-weight: bold;">Legal entities</font><font style="font-family: 'Open Sans'; font-weight: bold;">:</font></font></p>
<p style="font-size: 9pt; line-height: 113%; margin: 0pt 1.7pt 0pt 22.7pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">(</font><font style="font-family: 'Open Sans';">i</font><font style="font-family: 'Open Sans';">) </font><font style="font-family: 'Open Sans';">consolidated corporate bylaws or articles of association and corporate acts providing evidence as to the powers to represent the shareholder</font><font style="font-family: 'Open Sans';"> (</font><font style="font-family: 'Open Sans';">minutes of election of the officers and/or</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">power of attorney</font><font style="font-family: 'Open Sans';">);</font></font></p>
<p style="font-size: 9pt; line-height: 113%; margin: 6pt 1.7pt 0pt 22.7pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">(ii)</font><font style="font-family: 'Open Sans'; letter-spacing: 1pt;"> </font><font style="font-family: 'Open Sans';"> ID card with the representative&#8217;s photograph</font><font style="font-family: 'Open Sans';"> (RG, RNE</font><font style="font-family: 'Open Sans';"> (foreigner&#8217;s ID)</font><font style="font-family: 'Open Sans';">, CNH</font><font style="font-family: 'Open Sans';"> (driver&#8217;s license)</font><font style="font-family: 'Open Sans';">, passport </font><font style="font-family: 'Open Sans'; letter-spacing: 0.15pt;">o</font><font style="font-family: 'Open Sans'; letter-spacing: 0.15pt;">r ID issued by an officially recognized professional class</font><font style="font-family: 'Open Sans'; letter-spacing: 0.25pt;">);</font><font style="font-family: 'Open Sans';"> </font></font></p>
<p style="margin: 6pt 1.65pt 0pt 22.7pt; text-align: justify; font-family: 'Open Sans';"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">(iii) </font><font style="font-family: 'Open Sans'; letter-spacing: 0.3pt;"> in the case of an attorney-in-fact, ID document with a photograph of the same and a power of attorney.</font></font></p>
<p style="margin: 6pt 1.65pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans'; font-weight: bold;">Investment funds</font><font style="font-family: 'Open Sans'; font-weight: bold;">: </font></font></p>
<p style="font-size: 9pt; line-height: 113%; margin: 0pt 0pt 4pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">The shareholders constituted as investment funds shall deliver to the Company</font><font style="font-family: 'Open Sans';">, </font><font style="font-family: 'Open Sans';">within the term stipulated under </font><font style="font-family: 'Open Sans';">item (a) a</font><font style="font-family: 'Open Sans';">bove:</font><font style="font-family: 'Open Sans';"> </font></font></p>
<p style="font-size: 9pt; line-height: 113%; margin: 0pt 0pt 4pt 22.7pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">(</font><font style="font-family: 'Open Sans';">i</font><font style="font-family: 'Open Sans';">) </font><font style="font-family: 'Open Sans';">evidence of the capacity of a manager of the investment fund granted to an individual or legal entity to represent it at the general meeting or who has granted powers to the attorney-in-</font><font style="font-family: 'Open Sans';">fact</font><font style="font-family: 'Open Sans';">;</font><font style="font-family: 'Open Sans';"> </font></font></p>
<p style="font-size: 9pt; line-height: 113%; margin: 0pt 0pt 4pt 22.7pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">(ii) </font><font style="font-family: 'Open Sans';">the corporate act of the manager, if a legal entity, granting powers to the representative to participate in the general meeting or to whom the power-of-attorney has been granted</font><font style="font-family: 'Open Sans';">; </font><font style="font-family: 'Open Sans';">and</font></font></p>
<p style="font-size: 10pt; line-height: 113%; margin: 0pt 0pt 4pt 22.7pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">(iii) </font><font style="font-family: 'Open Sans';">should the representative or attorney-in-fact be a legal entity, the same </font><font style="font-family: 'Open Sans';">documents </font><font style="font-family: 'Open Sans';">as in line </font><font style="font-family: 'Open Sans';">(ii)</font><font style="font-family: 'Open Sans';"> of this item relative to </font><font style="font-family: 'Open Sans';">them</font><font style="font-family: Calibri;">;</font></font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans'; font-weight: bold;">B. Exerc</font><font style="font-family: 'Open Sans'; font-weight: bold;">ising voting rights through service providers</font></font></p>
<p style="line-height: 1.1; margin: 0pt 1.7pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans'; line-height: inherit;">The shareholder that chooses to exercise voting rights remotely through service providers shall contact their custodians or bookkeeping institution for the Company&#8217;s shares</font><font style="font-family: 'Open Sans'; line-height: inherit;">, </font><font style="font-family: 'Open Sans'; line-height: inherit;">whether or not their shares are deposited with a central depositary</font><font style="font-family: 'Open Sans'; line-height: inherit;">, </font><font style="font-family: 'Open Sans'; line-height: inherit;">pursuant to compliance with their rules for transmission of the shareholder&#8217;s voting instructions</font><font style="font-family: 'Open Sans'; line-height: inherit;">.</font></font></p>
<p style="line-height: 9pt; margin: 6pt 1.65pt 0pt 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">For further information</font><font style="font-family: 'Open Sans';">, </font><font style="font-family: 'Open Sans';">please see the Management Proposal and the</font><font style="font-family: 'Open Sans';"> E</font><font style="font-family: 'Open Sans';">GM</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">Manual available in</font><font style="font-family: 'Open Sans';"> </font><font style="color: #002060; font-family: 'Open Sans'; text-decoration: underline;">ri.ultra.com.br</font><font style="color: #404040; font-family: 'Open Sans';">.</font></font></p>
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<p style="margin: 6pt 1.65pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Open Sans'; font-size: 10pt; font-weight: bold;">Postal and e-mail address for sending the remote voting ballot, should the shareholder choose to deliver the document directly to the Company</font></p>
<p style="line-height: 9pt; margin: 6pt 1.65pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">Address</font><font style="font-family: 'Open Sans';">: Avenida Brigadeiro Lu&#237;s Ant&#244;nio, 1343, 8&#186; andar, Bela Vista CEP 01317-910</font></font></p>
<p style="line-height: 9pt; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">S&#227;o Paulo/SP &#8211; </font><font style="font-family: 'Open Sans';">Brazil</font></font></p>
<p style="line-height: 9pt; margin: 6pt 1.65pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">To</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">the</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">attention</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">of</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">the</font><font style="font-family: 'Open Sans';"> &#8220;Ger&#234;ncia de Rela&#231;&#245;es com Investidores&#8221; (Investor </font><font style="font-family: 'Open Sans';">Relations</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">Department</font><font style="font-family: 'Open Sans';">)</font></font></p>
<p style="line-height: 10pt; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">E-mail: </font><font style="color: #002658; font-family: 'Open Sans'; text-decoration: underline;">Invest@ultra.com.br</font></font></p>
<p style="line-height: 9pt; margin: 6pt 1.65pt 0pt 0pt; text-align: justify; font-family: 'Open Sans'; font-size: 10pt;"><font style="font-size: 10pt;"> <font lang="EN-US">The Company, </font><font lang="EN-US">on an extraordinary basis</font><font lang="EN-US">, will accept electronic copies of this </font><font lang="EN-US">form</font><font lang="EN-US"> and the documents to the Company&#8217;s e-mail address, without requirement of certified copy, in PDF format. Such documents must be sent to the Company, to the e-mail address mentioned above, untill September 15, 2020</font>. </font></p>
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<p style="margin: 6pt 1.65pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans'; font-weight: bold;">Indica</font><font style="font-family: 'Open Sans'; font-weight: bold;">tion of the institution engaged by the Company to provide the securities bookkeeping services</font><font style="font-family: 'Open Sans'; font-weight: bold;">, </font><font style="font-family: 'Open Sans'; font-weight: bold;">and eventual questions and clarifications as to the direct dispatch of this ballot to the securities registrar may be </font><font style="font-family: 'Open Sans'; font-weight: bold;">resolved&nbsp; through</font><font style="font-family: 'Open Sans'; font-weight: bold;"> the following channel made available by</font><font style="font-family: 'Open Sans'; font-weight: bold;"> Bradesco</font><font style="font-family: 'Open Sans'; font-weight: bold;"> below</font><font style="font-family: 'Open Sans'; font-weight: bold;">:</font></font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Banco Bradesco S.A</font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">Departamento de A&#231;&#245;es e Cust&#243;dia (</font><font style="font-family: 'Open Sans';">Securities</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">and</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">Custody</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">Department</font><font style="font-family: 'Open Sans';">)</font></font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">Address</font><font style="font-family: 'Open Sans';">: N&#250;cleo Cidade de Deus, Pr&#233;dio Amarelo, 2&#186; andar, Vila Yara, Osasco</font></font></p>
<p style="margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">CEP 06029-900</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">Osasco/SP &#8211; Bra</font><font style="font-family: 'Open Sans';">z</font><font style="font-family: 'Open Sans';">il</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans'; font-weight: bold;">Shareholder service channels</font><font style="font-family: 'Open Sans'; font-weight: bold;">:</font></font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">Tele</font><font style="font-family: 'Open Sans';">ph</font><font style="font-family: 'Open Sans';">one: 0800 701 1616</font></font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Business days from 8:00 a.m. to 5:00 p.m.</font></p>
<p style="margin: 6pt 0pt 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">E-mail: </font><font style="color: #0000ff; font-family: 'Open Sans'; text-decoration: underline;">dac.acecustodia@bradesco.com.br</font></font></p>
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<p style="margin: 6pt 10.2pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans'; font-weight: bold;">Resolutions</font><font style="font-family: 'Open Sans'; font-weight: bold;"> / Quest</font><font style="font-family: 'Open Sans'; font-weight: bold;">ions relating to the </font><font style="font-family: 'Open Sans'; font-weight: bold;">E</font><font style="font-family: 'Open Sans'; font-weight: bold;">GM</font></font></p>
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<p style="margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans'; font-weight: bold;">Simple</font><font style="font-family: 'Open Sans'; font-weight: bold;"> </font><font style="font-family: 'Open Sans'; font-weight: bold;">Resolution</font></font></p>
<p style="margin: 6pt 1.65pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">1. </font><font style="font-family: Calibri;"> </font><font style="font-family: 'Open Sans';">Change</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">of</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">the</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">number</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">of</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">members</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">that</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">integrate</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">the</font><font style="font-family: 'Open Sans';"> Board </font><font style="font-family: 'Open Sans';">of</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">Directors</font><font style="font-family: 'Open Sans';">.</font></font></p>
<p style="margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">[&nbsp; ]</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">Approve</font><font style="font-family: 'Open Sans';"> [&nbsp; ] Decline [&nbsp; ] </font><font style="font-family: 'Open Sans';">Abstain</font><font style="font-family: 'Open Sans';"> </font></font></p>
<p style="margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Open Sans'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans'; font-weight: bold;">Simple</font><font style="font-family: Calibri;"> </font><font style="font-family: 'Open Sans'; font-weight: bold;">Resolution</font></font></p>
<p style="margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">2. </font><font style="font-family: Calibri;"> </font><font style="font-family: Calibri;"> </font><font style="font-family: 'Open Sans';">Election</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">of</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">member</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">of</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">the</font><font style="font-family: 'Open Sans';"> Board </font><font style="font-family: 'Open Sans';">of</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">Directors</font></font></p>
<p style="margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">Appointment</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">the</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">name</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">comprising</font><font style="font-family: 'Open Sans';">:</font></font></p>
<p style="margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">- ALEXANDRE T</font><font style="font-family: 'Open Sans';">EIXEIRA DE</font><font style="font-family: 'Open Sans';"> ASSUMP&#199;&#195;O SAIGH</font></font></p>
<p style="margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">[&nbsp; ]</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">Approve</font><font style="font-family: 'Open Sans';"> [&nbsp; ] Decline [&nbsp; ] </font><font style="font-family: 'Open Sans';">Abstain</font></font></p>
<p style="margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Open Sans'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<td style="width: 6.82778%;"><font style="color: #000000; font-family: 'Open Sans'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">E-mail:</font></td>
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<td style="width: 6.82778%;"><font style="font-size: 10pt;"><font style="font-family: 'Open Sans';">Ci</font><font style="font-family: 'Open Sans';">ty</font><font style="font-family: 'Open Sans';">:</font></font></td>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>65</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0cm 0cm 10pt; line-height: 16.8667px; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><b><font lang="EN-US" style="line-height: 15.3333px;"><br></font></b></font></p>
<p style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0cm 0cm 10pt; line-height: 16.8667px; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><b><font lang="EN-US" style="line-height: 15.3333px;">SIGNATURES</font></b></font></p>
<p style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; margin: 0cm 0cm 10pt; line-height: 16.8667px; font-size: 11pt; font-family: Calibri, sans-serif;"><font lang="EN-US" style="font-size: 10pt; line-height: 15.3333px; font-family: 'times new roman', times;">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.</font></p>
<p style="font-size: 12pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt; line-height: 16.8667px; text-indent: 0px; text-align: justify; margin: 0cm 0cm 10pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font>Date: </font><font>August</font><font> </font><font>1</font><font>8</font><font>,</font><font> 20</font><font>20</font><font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></font></font></p>
<table style="height: 85px; width: 100%; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-family: 'times new roman'; font-size: 10pt; margin-left: auto; margin-right: auto;">

<tr style="height: 17px;">
<td style="width: 517px;"><br></td>
<td style="height: 17px; width: 522px;" colspan="3"><b style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 47.2px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><font lang="EN-US" style="line-height: 15.3333px;">ULTRAPAR HOLDINGS INC.</font></b></td>
</tr>
<tr style="height: 17px;">
<td style="width: 517px;"><br></td>
<td style="width: 36px; height: 17px;"><br></td>
<td style="width: 23px; height: 17px;"><br></td>
<td style="width: 457px; height: 17px;"><br></td>
</tr>
<tr style="height: 17px;">
<td style="width: 517px;"><br></td>
<td style="width: 36px; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">By</font></td>
<td style="width: 23px; height: 17px;"><br></td>
<td style="border-bottom: 1pt solid #000000; width: 457px; height: 17px;"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">/s/ Andre&nbsp;</font>Pires<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;de&nbsp;</font>Oliveira<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;Dias</font></font></td>
</tr>
<tr style="height: 17px;">
<td style="width: 517px;"><br></td>
<td style="height: 17px; width: 36px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 47.2px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Name:</font></td>
<td style="height: 17px; width: 23px;"><br></td>
<td style="height: 17px; width: 457px;"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 47.2px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Andre&nbsp;</font>Pires<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 47.2px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;de&nbsp;</font>Oliveira<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 47.2px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;Dias</font></font></td>
</tr>
<tr style="height: 17px;">
<td style="width: 517px;"><br></td>
<td style="height: 17px; width: 36px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 47.2px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Title:</font></td>
<td style="height: 17px; width: 23px;"><br></td>
<td style="height: 17px; width: 457px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 47.2px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Chief Financial and Investor Relations Officer</font></td>
</tr>

</table>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt;"><br></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic;">(</font><font style="font-style: italic;">Shareholders' Agreement of Ultrapar Participa&#231;&#245;es S.A.</font><font style="font-style: italic;">, </font><font style="font-style: italic;">Material Notice</font><font style="font-style: italic;">, </font><font style="font-style: italic;">Minutes of the Meeting of the Board of Directors of Ultrapar Participa&#231;&#245;es S.A., held on August 18, 2020</font><font style="font-style: italic;">, S</font><font style="font-style: italic;">hareholders&#8217; Meeting Manual</font><font style="font-style: italic;"> and </font><font style="font-style: italic;">Remote voting ballot &#8211; Extraordinary Shareholders&#8217; Meeting</font><font style="font-style: italic;">)</font></font></p>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
