<SEC-DOCUMENT>0001554855-21-000497.txt : 20210730
<SEC-HEADER>0001554855-21-000497.hdr.sgml : 20210730
<ACCEPTANCE-DATETIME>20210730090303
ACCESSION NUMBER:		0001554855-21-000497
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210728
FILED AS OF DATE:		20210730
DATE AS OF CHANGE:		20210730

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:		211130272

	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>6-K
<TEXT>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">Washington, D.C. 20549</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 15pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">Form 6-K</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">Report </font><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">o</font><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">f Foreign Private Issuer</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">Pursuant </font><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">t</font><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">o Rule 13a-16 Or 15d-16 Of</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">The Securities Exchange Act Of 1934</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: '02lfl';">For the month </font><font style="font-family: '02lfl';">of </font><font style="font-family: '02lfl';">July</font><font style="font-family: '02lfl';">, 20</font><font style="font-family: '02lfl';">2</font><font style="font-family: '02lfl';">1</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: '02lfl';">Commission File Number: </font><font style="font-family: '02lfl';">001-14950</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 14.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">ULTRAPAR HOLDINGS INC.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; border-bottom: 0.75pt solid #000000; padding-bottom: 1pt; font-size: 8pt;"><font style="font-family: '02lfl';">(Translation of Registrant&#8217;s Name into English)</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: '33dgm,Bold'; font-weight: bold;">Brigadeiro Luis </font><font style="font-family: '33dgm,Bold'; font-weight: bold;">Antonio</font><font style="font-family: '33dgm,Bold'; font-weight: bold;"> Avenue</font><font style="font-family: '33dgm,Bold'; 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-weight: bold;"> </font><font style="font-family: '33dgm,Bold'; font-weight: bold;">Floor</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: '33dgm,Bold'; font-weight: bold;">S&#227;o Paulo, SP, Brazil 01317-910</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; border-bottom: 0.75pt solid #000000; padding-bottom: 1pt; font-size: 8pt;"><font style="font-family: '02lfl';">(Address of Principal Executive Offices)</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: '02lfl';">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>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: '02lfl';">Form 20-F </font><font style="font-family: '02lfl';">____</font><font style="font-family: '02lfl'; text-decoration: underline;">X</font><font style="font-family: '02lfl';">____</font><font style="font-family: '02lfl';"> </font><font style="width: 24.34pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="font-family: '02lfl';">Form 40-F</font><font style="font-family: '02lfl';"> ________</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: '02lfl';">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>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: '02lfl';">Yes </font><font style="font-family: '02lfl';">________ </font><font style="width: 18.49pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="font-family: '02lfl';">No </font><font style="font-family: '02lfl';">____</font><font style="font-family: '02lfl'; text-decoration: underline;">X</font><font style="font-family: '02lfl'; text-decoration: underline;">____</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: '02lfl'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: '02lfl';">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>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: '02lfl';">Yes </font><font style="font-family: '02lfl';">________ </font><font style="width: 18.49pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="font-family: '02lfl';">No </font><font style="font-family: '02lfl';">____</font><font style="font-family: '02lfl'; text-decoration: underline;">X</font><font style="font-family: '02lfl'; text-decoration: underline;">____</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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 10pt; text-align: center; line-height: 19.9333px; font-size: 13pt;"><font style="font-family: 'Century Gothic'; font-weight: bold;">TABLE OF CONTENTS</font></p>
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<h4 style="vertical-align: middle; text-align: left;"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 14.6667px; 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></h4>
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<td style="width: 95.6473%; height: 17px;"><a href="#B0_RMZRT9IKW000000000000000000000">1. Minutes of the Meeting of the Board of Directors of Ultrapar Participa&#231;&#245;es S.A., held on July 28, 2021.</a></td>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-family: 'Century Gothic'; letter-spacing: 0.8pt;">(</font><font style="font-family: 'Century Gothic'; letter-spacing: 0.8pt;">Minutes of the Meeting of the Board of Directors of</font><font style="font-family: 'Century Gothic'; letter-spacing: 0.8pt;"> Ultrapar Participa&#231;&#245;es S.A., </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-family: 'Century Gothic'; letter-spacing: 0.8pt;">held on July 28,</font><font style="font-family: 'Century Gothic'; letter-spacing: 0.8pt;"> 20</font><font style="font-family: 'Century Gothic'; letter-spacing: 0.8pt;">21</font><font style="font-family: 'Century Gothic'; letter-spacing: 0.8pt;">]</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Century Gothic'; letter-spacing: 0.8pt; -aw-import: ignore;">&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; -aw-import: ignore;">&nbsp;</font></p>
<h2 style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-after: avoid; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Public</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">l</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">y Traded Company</font></h2>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CNPJ n&#186; 33.256.439/0001-39</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NIRE 35.300.109.724</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; -aw-import: ignore;">&nbsp;</font></p>
<div style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: 16pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="B0_RMZRT9IKW000000000000000000000" class="customBookmark"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"> </font></a></div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Dat</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">e</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Hour and</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Place</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">July 28,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">2021</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">at</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> p.m.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">held under the terms of art. 24, paragraph 4 of the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Company's Bylaws</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Members in Attendance</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">(i) Members of the Board of Directors undersigned; (ii) Secretar</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">y</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> of the Board of Directors, Mr. Andr&#233; Brickmann Areno</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> (iii) Chief Executive Officer, Mr. Frederico Pinheiro Fleury Curado; and (iv) Chief Financial and Investor Relations Officer, Mr. Rodrigo de Almeida Pizzinatto. </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Mat</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">ters discussed and resolutions</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:</font></p>
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<li style="margin-left: 31.31pt; text-align: justify; line-height: 16pt; padding-left: 4.69pt; font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>The Directors approved, pursuant article 28, item &#8220;p&#8221; of the Company&#8217;s Bylaws, the 10th (tenth) issuance, by Ipiranga Produtos de Petr&#243;leo S.A. (&#8220;</font><font style="text-decoration: underline;">Ipiranga</font><font>&#8221;), wholly-owned subsidiary of the Company, of debentures, non-convertible into shares, unsecured, with additional personal guarantee, in a Single Series for private placement to Vert Companhia Securitizadora (&#8220;</font><font style="text-decoration: underline;">Debentureholder</font><font>&#8221; or &#8220;</font><font style="text-decoration: underline;">Securitization Company</font><font>&#8221;, &#8220;</font><font style="text-decoration: underline;">Issuance</font><font>&#8221; and &#8220;</font><font style="text-decoration: underline;">Debentures</font><font>&#8221;, respectively), with the following characteristics and main conditions, that will be detailed and regulated in the Indenture (as defined below):</font></li>
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<p style="margin-top: 0pt; margin-left: 35.4pt; margin-bottom: 0pt; text-align: justify; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; -aw-import: ignore;">&nbsp;</font></p>
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<td style="height: 17px; vertical-align: top; padding: 0px 0px 20px; width: 4%;" valign="top"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(a)</font></td>
<td style="height: 17px; vertical-align: top; padding: 0px 0px 20px; width: 91%; text-align: justify;" valign="top"><font style="color: #000000; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman'; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Total Amount of the Issuance</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">:<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">The total Issuance amount is up to R$ 960,000,000.00 (nine hundred and sixty million<font style="line-height: inherit;">&nbsp;</font>Reais), on the Issuance date, which is<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">August 19, 2021</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font>(&#8220;</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: underline; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">Issuance Date</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">&#8221;). The amount may be reduced up to the final demand of the respective Certificates of Agribusiness Receivables (&#8220;</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: underline; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">CRA</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">&#8221;) to which the Debentures will be linked, as provided in item "c" below, without the need for a General Meeting of Debenture<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">Holders or a new corporate approval by<font style="line-height: inherit;">&nbsp;</font>Ipiranga<font style="line-height: inherit;">&nbsp;</font>and/or by the Company</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">,</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font>provided that such change is duly formalized before the date</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font>of payment</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">, upon the execution of an amendment to the Indenture and compliance with the formalities described therein</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">;</font></td>
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<td style="height: 17px; vertical-align: top; padding: 0px 0px 20px;" valign="top"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(b)</font></td>
<td style="height: 17px; vertical-align: top; padding: 0px 0px 20px; text-align: justify;" valign="top"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Quanti</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">ty</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">:<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">Up to 960,000 (nine hundred and sixty thousand) Debentures will be<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">issued</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">. The amount may be partially canceled, up to the final demand of the respective CRA to which the Debentures will be linked, as provided in item "c" below, without the need for a General Meeting of Debenture Holders or a new corporate approval by<font style="line-height: inherit;">&nbsp;</font>Ipiranga<font style="line-height: inherit;">&nbsp;</font>and/or by the Company</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">,<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">provided that such change is duly formalized before the date</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font>of payment</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">, upon the execution of an amendment to the Indenture and compliance with the formalities described therein</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">;</font></td>
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<td style="height: 17px; vertical-align: top; padding: 0px 0px 20px; width: 4%;" valign="top"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(c)</font></td>
<td style="height: 17px; vertical-align: top; padding: 0px 0px 20px; text-align: justify; width: 91%;" valign="top"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Binding to the Issuance of</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font>CRA</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">:<font style="line-height: inherit;">&nbsp;After&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">the subscription of the Debentures, considering the fiduciary regime stablished by the Securitization Company, all amounts due to the Securitization Company as a consequence of the Debentures shall be bound to the single series of the 63<sup>rd</sup> (sixty-third) issuance of CRA of the Securitization Company, in the scope of securitization of credits of the agribusiness, as provided by Law 11,076, Law n.&#186; 9,514, of November 20, 1997, as amended, CVM Instruction 400, CVM Instruction 600 and in terms of the &#8220;Securitization Term of Credit Rights of Agribusiness for the issuance of Real Estate Receivable of Agribusiness of the single series of the 63rd Issuance of Vert Companhia Securitizadora Backed by Credits of Agribusiness Due by Ipiranga Produtos de Petr&#243;leo S.A.." to be entered into between the Securitization Company and Pent&#225;gono S.A. Distribuidora de T&#237;tulos e Valores Mobili&#225;rios (&#8220;<font style="text-decoration: underline; line-height: inherit;">CRA Trustee</font>&#8221; and &#8220;<font style="text-decoration: underline; line-height: inherit;">Securitization Term</font><font style="line-height: inherit;">&#8221;, respectively</font>);</font></td>
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<td style="height: 17px; padding: 0px 0px 20px;"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px 0px 20px;" valign="top"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(d)</font></td>
<td style="height: 17px; vertical-align: top; padding: 0px 0px 20px;" valign="top"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-weight: bold; letter-spacing: 0.8pt;">Unit Par Value</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">:</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;"><font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">The unit par value of the Debentures will be of R$</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;"><font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">1</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">,</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">000</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">.</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">00 (</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">one</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;"><font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">thousand</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;"><font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">R</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">eais)<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">in the Issuance Date</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;"><font>&nbsp;</font>(&#8220;</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: underline; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">Unit Par Value</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">&#8221;);</font></td>
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<table style="width: 100%; margin-left: 0.1px; height: 187px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 17px;">
<td style="height: 17px; padding: 0px 0px 20px; width: 5%;"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px 0px 20px; width: 4%;" valign="top"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(e)</font></td>
<td style="height: 17px; vertical-align: top; padding: 0px 0px 20px; width: 91%; text-align: justify;" valign="top"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Adjustment of the Unit Par Value</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">:<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">The<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">U</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">nit<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">P</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">ar<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">V</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">alue<font style="line-height: inherit;">&nbsp;</font>of the Debentures shall be monetarily adjusted, monthly,<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">as of the first Date of Payment</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">,<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">by the</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font>variation</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font>of the Broad National Consumer Price Index, calculated and published by the Brazilian Institute of Geography and Statistics (&#8220;</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: underline; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">IPCA</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">&#8221;), as per calculation provided in the Indenture</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font>(&#8220;</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: underline; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">Monetary Adjustment</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">&#8221;),<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">being the product of the Monetary Adjustment automatically incorporated into the Unit Par Value or balance of the Unit Par Value of the Debentures, as the case may be</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">;</font></td>
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<td style="height: 17px; vertical-align: top; padding: 0px 0px 20px; width: 4%;" valign="top"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(f)</font></td>
<td style="height: 17px; vertical-align: top; padding: 0px 0px 20px; text-align: justify; width: 91%;" valign="top"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amortization of the Debentures</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">:<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">The adjusted Unit Par Value of the Debentures will be fully redeemed by<font style="line-height: inherit;">&nbsp;</font>Ipiranga, in a single installment, at the Maturity Date</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">;</font></td>
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<td style="height: 17px; vertical-align: top; padding: 0px 0px 20px; width: 4%;" valign="top"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(g)</font></td>
<td style="height: 17px; vertical-align: top; padding: 0px 0px 20px; text-align: justify; width: 91%;" valign="top"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Maturity Date of the Debentures</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">:</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">The maturity date of the Debentures will be on<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">September 13,</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font>2028 (&#8220;</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: underline; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">Maturity Date</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">&#8221;)</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">,<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">except for the events of early maturity or early redemption of Debentures, pursuant to the terms of the Indenture</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">;</font></td>
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<td style="height: 17px; vertical-align: top; padding: 0px 0px 20px; width: 4%;" valign="top"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(h)</font></td>
<td style="height: 17px; vertical-align: top; padding: 0px 0px 20px; text-align: justify; width: 91%;" valign="top"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Compensation of the Debentures</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">:</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">On the Adjusted</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">&nbsp;<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">Unit Par Value of the Debentures, there will be remunerative interest equivalent to a certain percentage per year, based on 252 (two hundred and fifty-two) Business Days, to be defined in the procedure for collecting investment intentions to be conducted by the Coordinators, in the terms of article 23, paragraphs 1 and 2, and articles 44 and 45 of the CVM Instruction 400 (&#8220;</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: underline; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">Bookbuilding<font style="line-height: inherit;">&nbsp;</font>Procedure</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">&#8221;), and, in any case, limited to<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">(i)<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">internal rate of return of the IPCA+ Treasury Public Bond with semiannual interest (NTN-B), maturing in 2028, published by ANBIMA on its page on the World Wide Web (www.anbima.com.br), to be determined at the closing of the Business Day immediately prior to the date of completion of the<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: underline; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">Bookbuilding<font style="line-height: inherit;">&nbsp;</font>Procedure</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">, exponentially increased by a surcharge of 0.30% (thirty hundredths percent) per year; or (ii) 4.25% (four and twenty-five hundredths percent) per year, based on 252 (two hundred and fifty-two) Business Days, between items (i) and (ii) whichever is greater on the Business Day immediately prior to the<font style="line-height: inherit;">&nbsp;</font>Bookbuilding<font style="line-height: inherit;">&nbsp;</font>Procedure Date,<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">calculated exponentially and cumulatively<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-style: italic; letter-spacing: 0.8pt; line-height: inherit;">pro rata<font style="line-height: inherit;">&nbsp;</font>temporis</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font>for elapsed Business Days ("</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: underline; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">Compensation of the Debentures</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">"), during each Capitalization Period (as defined below), in accordance with the formula provided for in the Indenture</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; line-height: inherit;">;</font></td>
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<td style="height: 17px; vertical-align: top; padding: 0px 0px 20px; width: 4%;" valign="top"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">(i)</font><font style="color: #000000; font: 7pt 'Times New Roman'; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font></td>
<td style="height: 17px; vertical-align: top; padding: 0px 0px 20px; text-align: justify; width: 91%;" valign="top"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-weight: bold; letter-spacing: 0.8pt;">Payment of the Compensation of the Debentures</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">:<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">The Compensation of the Debentures shall be done semiannually, according to the table to be inserted in Exhibit I to the Indenture</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">;</font></td>
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<td style="height: 17px; vertical-align: top; padding: 0px 0px 20px; width: 4%;" valign="top"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(j)</font></td>
<td style="height: 17px; vertical-align: top; padding: 0px 0px 15px; text-align: justify; width: 91%;" valign="top"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-weight: bold; letter-spacing: 0.8pt;">Default Charges</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">:<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">Without prejudice of the Compensation, upon payment delay of any pecuniary obligations related to the Debentures, the overdue and unpaid debts shall be increased by interest on arrears of one percent (1%) per month, calculated<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-style: italic; letter-spacing: 0.8pt;">pro rata<font>&nbsp;</font>temporis</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">, from the date of default to the effective payment date, as well as a non-compensatory fine of two percent (2%) on the amount due, regardless of any warning, notice, notification or judicial or extrajudicial notifications (&#8220;</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: underline; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">Default Charges</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">&#8221;); and</font></td>
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<td style="height: 10px; vertical-align: top; padding: 0px;" valign="top"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(k)</font></td>
<td style="height: 10px; vertical-align: top; padding: 0px;" valign="top"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-weight: bold; letter-spacing: 0.8pt;">Other characteristics</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-weight: bold; letter-spacing: 0.8pt;">:</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;"><font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">will be defined in the Indenture</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">.</font></td>
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<p style="margin: 0pt 0px 0pt 72pt; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, 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-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-indent: -36pt; text-align: justify; line-height: 16pt;"><font style="font-family: &quot;Century Gothic&quot;; font-size: 10pt; letter-spacing: 0.8pt;">1.1.</font><font style="font: 7pt &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-family: &quot;Century Gothic&quot;; font-size: 10pt; letter-spacing: 0.8pt;"><font lang="EN-US" style="font-size: 10.0pt; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; letter-spacing: .8pt; mso-ansi-language: EN-US; mso-fareast-language: PT-BR; mso-bidi-language: AR-SA;">The Board of Directors authorized the provision of guarantee, by the Company, in relation to the main and ancillary obligations, including, but not limited to, Compensation and Default Charges, to be undertaken by Ipiranga under the Issuance (&#8220;<u>Guarantee</u>&#8221;), which shall be valid in all its terms until the full payment of the secured obligations (under the Indenture). The Guarantee shall be irrevocably and irreversibly provided, and the Company undertakes the condition of guarantor and main payer, jointly and severally liable with Ipiranga, for the full payment on time of the total debt amount represented by the Debentures, plus the relevant compensation and applicable Default Charges, as well as the other pecuniary obligations provided in the Indenture. The Guarantee may be executed and demanded by the holder of the Debentures, on a judicial or extrajudicial basis, whenever necessary to ensure the full settlement of the secured obligations</font>.</font></p>
<p style="margin-top: 0pt; margin-left: 72pt; margin-bottom: 0pt; text-indent: -36pt; text-align: justify; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><br></font></p>
<p style="margin-top: 0pt; margin-left: 72pt; margin-bottom: 0pt; text-indent: -36pt; text-align: justify; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">1.2.</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">The Company's Board of Executive Officers and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Board of Executive Officers of Ipiranga </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">are</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> hereby</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> authorized </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">to take any measures or formalities necessary </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">and/or convenient </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">to the implementation of the Issuance of the Debentures, the provision of Guarantee and/or the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">issue</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> of the CRA, including, but not limited to: (a) negotiation of terms and conditions and execution of the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; letter-spacing: 0.8pt;">&#8220;Instrument of Deed of the 10th (tenth) Issuance of Debentures, Non-convertible into Shares, in a Single Series, Unsecured, with Personal Guarantee, for Private Placement, of Ipiranga Produtos de Petr&#243;leo S.A.&#8221;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">(&#8220;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; text-decoration: underline; letter-spacing: 0.8pt;">Indenture</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#8221;) </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">and its amendments (including, but not limited to, the changes contained in items "a" and "b" of item 2 above); (b) negotiation of terms and conditions of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> the Guarantee, including regarding the waivers of certain legal rights of the Company, set forth in the draft of the indenture filed with the CVM on </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">June</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">25</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, 20</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">21; and (c)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> other ancillary acts, such as hedging, hiring </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">or remunerating all</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">service provider</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">s</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> for the Issuance</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> and/or the issue of CRA, including, but not limited to, Securitization Company, trustee, custodian, bookkeeper, settling Bank, legal counsel, separate equity accountant and separate equity auditor</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> </font></p>
<p style="margin-top: 0pt; margin-left: 35.4pt; margin-bottom: 0pt; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 72pt; margin-bottom: 0pt; text-indent: -36pt; text-align: justify; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">1.3.</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">The Director</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">s</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> ratified all acts already practiced in the name of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Ipiranga and of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the Company related to the resolutions above.</font></p>
<p style="margin-top: 0pt; margin-left: 35.4pt; margin-bottom: 0pt; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Notes</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">: </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">The resolutions were approved, with no amendments or qualifications, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">by all the Board </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">m</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">embers present. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Ms. Ana Paula Vitali Janes Vescovi declared herself </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">conflicted</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> to vote and did not participate in the Meeting and in the discussions on the above resolutions.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">There being no further matters to discuss, the meeting was </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">concluded,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> and these minutes were written, read, passed, and signed by all Directors present</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; text-decoration: underline; letter-spacing: 0.8pt;">Signature</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; text-decoration: underline; letter-spacing: 0.8pt;">s</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">: </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Pedro Wongtschowski</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#8211; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Chairman</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Lucio de Castro Andrade Filho </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#8211; Vice-</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Chairman</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Andr&#233; Brickmann Areno</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#8211; Secret</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ary</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"> Alexandre </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Teixeira de Assump&#231;&#227;o Saigh</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Flavia Buarque de Almeida,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Jorge </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Marques de Toledo Camargo, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Jos&#233; Gall&#243;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Jos&#233; Luiz Alqu&#233;res</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Jos&#233; Maur&#237;cio Pereira Coelho</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Marcos Marinho Lutz</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">and</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Ot&#225;vio Lopes Castello Branco Neto</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">in the capacity of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Board members</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><br></font></p>
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<td style="width: 100%; height: 17px;"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">I declare that this is a faithful copy of the minutes drawn up in the proper book.</font></td>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 9pt;"><font style="font-family: 'Century Gothic'; letter-spacing: 0.8pt; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 9pt;"><font style="font-family: 'Century Gothic'; letter-spacing: 0.8pt; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 9pt;"><font style="font-family: 'Century Gothic'; letter-spacing: 0.8pt; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Andr&#233; Brickmann Areno</font><font style="font-family: 'Century Gothic'; font-size: 9pt; letter-spacing: 0.8pt;"> </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: 16pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; letter-spacing: 0.8pt;">Secret</font><font style="font-family: 'Century Gothic'; font-size: 9pt; letter-spacing: 0.8pt;">ary</font><font style="font-family: 'Century Gothic'; font-size: 9pt; letter-spacing: 0.8pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 9pt; letter-spacing: 0.8pt;">of the Board of Directors</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-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 10pt; line-height: 16.8667px; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">SIGNATURES</font></p>
<p 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-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 10pt; text-align: justify; line-height: 15.3333px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">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="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-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 10pt; text-align: justify; line-height: 15.3333px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Date: July 28, 2021<font style="width: 11.45pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font></font></p>
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<p><font style="font-family: 'times new roman', times; font-size: 10pt;"><font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 47.2px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">ULTRAPAR HOLDINGS INC.</font></font></font></p>
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<p><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>By: /s/ Rodrigo de Almeida&nbsp;Pizzinatto</font></font></p>
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<p><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>Name: Rodrigo de Almeida&nbsp;Pizzinatto</font></font></p>
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<p><font style="font-family: 'times new roman', times; font-size: 10pt;"><font>Title: Chief Financial and Investor Relations Officer</font></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-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 10pt; line-height: 13.8px; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><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 July 28, 2021</font><font style="font-style: italic;">)</font></font></p>
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