<SEC-DOCUMENT>0001554855-22-000143.txt : 20220321
<SEC-HEADER>0001554855-22-000143.hdr.sgml : 20220321
<ACCEPTANCE-DATETIME>20220318191812
ACCESSION NUMBER:		0001554855-22-000143
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20220318
FILED AS OF DATE:		20220321
DATE AS OF CHANGE:		20220318

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:		22753878

	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: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">UNITED STATES</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">Washington, D.C. 20549</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 15pt; font-weight: bold;">Form 6-K</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">Report </font><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">o</font><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">f Foreign Private Issuer</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">Pursuant </font><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">t</font><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">o Rule 13a-16 Or 15d-16 Of</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">The Securities Exchange Act Of 1934</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">For the month </font><font style="font-family: 02lfl; font-size: 9pt;">of </font><font style="font-family: 02lfl; font-size: 9pt;">Ma</font><font style="font-family: 02lfl; font-size: 9pt;">rch</font><font style="font-family: 02lfl; font-size: 9pt;"> 20</font><font style="font-family: 02lfl; font-size: 9pt;">2</font><font style="font-family: 02lfl; font-size: 9pt;">2</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">Commission File Number: </font><font style="font-family: 02lfl; font-size: 9pt;">001-14950</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 14.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 14.5pt; font-weight: bold;">ULTRAPAR HOLDINGS INC.</font></p>
<p style="border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1pt; margin: 0pt; padding-bottom: 1pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">(Translation of Registrant&#8217;s Name into English)</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Brigadeiro Luis </font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Antonio</font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;"> Avenue</font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">, 1343, 9</font><font style="font-family: 33dgm,Bold; font-size: 6pt; font-weight: bold; vertical-align: super;">th</font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;"> </font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Floor</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">S&#227;o Paulo, SP, Brazil 01317-910</font></p>
<p style="border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1pt; margin: 0pt; padding-bottom: 1pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">(Address of Principal Executive Offices)</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">Form 20-F </font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">X</font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt;"> </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">Form 40-F</font><font style="font-family: 02lfl; font-size: 9pt;"> ________</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">Yes </font><font style="font-family: 02lfl; font-size: 9pt;">________ </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">No </font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">X</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">____</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">Yes </font><font style="font-family: 02lfl; font-size: 9pt;">________ </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">No </font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">X</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">____</font></p>
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<p style="font-size: 13pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 13pt; font-weight: bold;">ULTRAPAR HOLDINGS INC.</font></p>
<p style="font-size: 13pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 13pt; font-weight: bold;">TABLE OF CONTENTS</font></p>
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<td style="width: 99.8387%;"><font style="font-size: 10pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="TOC"></a></font>
<h4 style="vertical-align: middle; text-align: left;"><font style="text-decoration: underline; font-size: 10pt;">ITEM</font></h4>
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<td style="width: 99.8387%; padding: 0px 0px 0px 25px;"><font style="font-size: 10pt;"><a href="#Ba1_PJDYXYSGHC00000000000000000000">1.&nbsp; &nbsp; Corporate policy on anti-corruption and the relationship with the public and private sector;</a></font></td>
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<td style="width: 99.8387%; padding: 0px 0px 0px 25px;"><font style="font-size: 10pt;"><a href="#Ba2_7TMLPJPL0000000000000000000000">2.&nbsp; &nbsp; Code of Ethics</a></font></td>
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<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: Calibri; font-size: 11pt;">&nbsp;</font></p>
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<p style="margin: 0pt;"><img src="imga6a01a9c8ed74c2e81b0.jpg" alt="Graphics"><br></p>
<div style="font-size: 11pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Ba1_PJDYXYSGHC00000000000000000000" class="customBookmark"><font style="font-family: Calibri; font-size: 11pt; font-weight: bold;">CORPORATE POLICY </font><font style="font-family: Calibri; font-size: 11pt; font-weight: bold;">ON </font><font style="font-family: Calibri; font-size: 11pt; font-weight: bold;">ANTI</font><font style="font-family: Calibri; font-size: 11pt; font-weight: bold;">-</font><font style="font-family: Calibri; font-size: 11pt; font-weight: bold;">CORRUPTION AND </font><font style="font-family: Calibri; font-size: 11pt; font-weight: bold;">THE</font><font style="font-family: Calibri; font-size: 11pt; font-weight: bold;"> RELATIONSHIP WITH THE PUBLIC AND PRIVATE SECTOR</font></a></div>
<ol type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: 108%; margin: 0pt 0pt 8pt 13.34pt; padding-left: 4.66pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">PURPOSE</font></li>
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<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">This</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">establishes</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">the </font><font style="font-family: Arial; font-size: 10pt;">rules of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">prevention and </font><font style="font-family: Arial; font-size: 10pt;">the </font><font style="font-family: Arial; font-size: 10pt;">fight against</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">corruption and</font><font style="font-family: Arial; font-size: 10pt;"> introduces the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to be followed in the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">relationship with the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">public sector</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Brazilian or foreign</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">priva</font><font style="font-family: Arial; font-size: 10pt;">te</font><font style="font-family: Arial; font-size: 10pt;"> entities</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">This</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">policy</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">also</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">introduces </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> rela</font><font style="font-family: Arial; font-size: 10pt;">ted to </font><font style="font-family: Arial; font-size: 10pt;">prevention of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Money Laundering and Financing of Terrorism</font><font style="font-family: Arial; font-size: 10pt;">.&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
<ol start="2" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: 108%; margin: 0pt 0pt 8pt 13.34pt; padding-left: 4.66pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">SCOPE</font></li>
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<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">This</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;"> ap</font><font style="font-family: Arial; font-size: 10pt;">p</font><font style="font-family: Arial; font-size: 10pt;">li</font><font style="font-family: Arial; font-size: 10pt;">es to all </font><font style="font-family: Arial; font-size: 10pt;">companies controlled by</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">In companies where the</font><font style="font-family: Arial; font-size: 10pt;"> control</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">is shared or</font><font style="font-family: Arial; font-size: 10pt;"> where it holds minority interest, </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">will endeavor to ensure that the principles and</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">will be</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">substantially</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">applied</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The provisions of this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should </font><font style="font-family: Arial; font-size: 10pt;">also</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">guide the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">conduct</font><font style="font-family: Arial; font-size: 10pt;"> of all</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">External Representatives</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Business Partners</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Suppliers and Service Providers</font><font style="font-family: Arial; font-size: 10pt;"> o</font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;">, as well as any </font><font style="font-family: Arial; font-size: 10pt;">individual or legal entity</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">operating in the</font><font style="font-family: Arial; font-size: 10pt;"> interes</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;"> or</font><font style="font-family: Arial; font-size: 10pt;"> to the direct or indirect</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">benefit</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of its subsidiaries</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">This Policy shall be read in conjunction with the Code of Ethics and other </font><font style="font-family: Arial; font-size: 10pt;">Corporative P</font><font style="font-family: Arial; font-size: 10pt;">olicies and rules defined by the Ultra Group.</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">In the event of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">conflict</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">herein with other</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">procedure</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Company</font><font style="font-family: Arial; font-size: 10pt;"> and of its</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business</font><font style="font-family: Arial; font-size: 10pt;">, the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Risk, Compliance and Audit </font><font style="font-family: Arial; font-size: 10pt;">Department</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">shall be</font><font style="font-family: Arial; font-size: 10pt;"> consult</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">d.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: 108%; margin: 0pt 0pt 8pt 13.34pt; padding-left: 4.66pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">D</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">EFINITIONS</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">For purposes</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">capitalized terms</font><font style="font-family: Arial; font-size: 10pt;"> hav</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> the </font><font style="font-family: Arial; font-size: 10pt;">m</font><font style="font-family: Arial; font-size: 10pt;">eaning attributed to them in</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Exhibit</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">I</font><font style="font-family: Arial; font-size: 10pt;"> &#8211; </font><font style="font-family: Arial; font-size: 10pt;">Glossary</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">3.1.</font><font style="font: 7.0pt 'Times New Roman';"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">C</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">ORRUPTION</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">For the purposes</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">corruption</font><font style="font-family: Arial; font-size: 10pt;"> o</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">urs when s</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">meone asks</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">offer</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;">, prom</font><font style="font-family: Arial; font-size: 10pt;">ises</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">demands</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">aut</font><font style="font-family: Arial; font-size: 10pt;">h</font><font style="font-family: Arial; font-size: 10pt;">oriz</font><font style="font-family: Arial; font-size: 10pt;">es, receiv</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">gives</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">directly or indirectly</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Undue Advantage</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to </font><font style="font-family: Arial; font-size: 10pt;">a </font><font style="font-family: Arial; font-size: 10pt;">Public </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">Priva</font><font style="font-family: Arial; font-size: 10pt;">te </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Brazilian or foreign</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">to a </font><font style="font-family: Arial; font-size: 10pt;">pe</font><font style="font-family: Arial; font-size: 10pt;">rson </font><font style="font-family: Arial; font-size: 10pt;">indica</font><font style="font-family: Arial; font-size: 10pt;">te</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> by </font><font style="font-family: Arial; font-size: 10pt;">them</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">An</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">advantage</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">which may or not </font><font style="font-family: Arial; font-size: 10pt;">be an asset</font><font style="font-family: Arial; font-size: 10pt;">, is undue when there is no </font><font style="font-family: Arial; font-size: 10pt;">legal</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">regula</font><font style="font-family: Arial; font-size: 10pt;">tory contractual</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">provision authorizing it </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">when it is promised or given so that the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Public or Private </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">do </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">refrain from doing something that breaches the law, this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">his duty </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">loyalty</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The practice of </font><font style="font-family: Arial; font-size: 10pt;">corruption</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">by </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Partners</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Employees</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">External Representatives</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">Business Partners</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Suppliers and </font><font style="font-family: Arial; font-size: 10pt;">Service Providers</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;"> is prohibited</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">The</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">mer</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">offer</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">request of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Undue Advantage</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">o </font><font style="font-family: Arial; font-size: 10pt;">Public or Private </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">is considered </font><font style="font-family: Arial; font-size: 10pt;">a </font><font style="font-family: Arial; font-size: 10pt;">violation</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;">, irrespective of the fact that such</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Undue Advantage</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">has been accepted, delivered, received or </font><font style="font-family: Arial; font-size: 10pt;">r</font><font style="font-family: Arial; font-size: 10pt;">eached the intended</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">benefits</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">There is no exception to</font><font style="font-family: Arial; font-size: 10pt;"> &#8220;</font><font style="font-family: Arial; font-size: 10pt;">minor</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Undue Advantage</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;">&#8221;</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">being</font><font style="font-family: Arial; font-size: 10pt;"> irrelevant</font><font style="font-family: Arial; font-size: 10pt;"> th</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> amount </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">h</font><font style="font-family: Arial; font-size: 10pt;">aracter</font><font style="font-family: Arial; font-size: 10pt;">istic of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">advantage</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
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<p style="margin: 0pt;"><img src="imga6a01a9c8ed74c2e81b0.jpg" alt="Graphics"><br></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">3.2.</font><font style="font: 7.0pt 'Times New Roman';"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">INFLUENCE PEDDLING</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Partners</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Employees</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">External Representatives</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business Partners</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Suppliers and Service Providers</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should not,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">directly or indirectly</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">ask, offer, demand, authorize, receive or give</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">directly or indirectly</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">advantage</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="background-color: #ffffff; font-family: Arial; font-size: 10pt;">in order to </font><font style="background-color: #ffffff; font-family: Arial; font-size: 10pt;">influ</font><font style="background-color: #ffffff; font-family: Arial; font-size: 10pt;">ence acts practiced by Public or Private Officer</font><font style="background-color: #ffffff; font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<ol start="4" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: 108%; margin: 0pt 0pt 8pt 13.34pt; padding-left: 4.66pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">STRUCTURE OF THE ETHICS AND COMPLIANCE PROGRAM</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">AND RESPONSIBILITIES</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Compliance and Ethics Program</font><font style="font-family: Arial; font-size: 10pt;"> (&#8220;</font><font style="font-family: Arial; font-size: 10pt;">Program</font><font style="font-family: Arial; font-size: 10pt;">&#8221;) </font><font style="font-family: Arial; font-size: 10pt;">consists in a group of people</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">policies</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">procedure</font><font style="font-family: Arial; font-size: 10pt;">s, </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">cultur</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">with the intent</font><font style="font-family: Arial; font-size: 10pt;"> to</font><font style="font-family: Arial; font-size: 10pt;"> consolida</font><font style="font-family: Arial; font-size: 10pt;">te the</font><font style="font-family: Arial; font-size: 10pt;"> principa</font><font style="font-family: Arial; font-size: 10pt;">l</font><font style="font-family: Arial; font-size: 10pt;"> a</font><font style="font-family: Arial; font-size: 10pt;">ction</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> and best practice</font><font style="font-family: Arial; font-size: 10pt;">s, </font><font style="font-family: Arial; font-size: 10pt;">as well as </font><font style="font-family: Arial; font-size: 10pt;">defin</font><font style="font-family: Arial; font-size: 10pt;">e and </font><font style="font-family: Arial; font-size: 10pt;">promo</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> an</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">environment</font><font style="font-family: Arial; font-size: 10pt;"> ad</font><font style="font-family: Arial; font-size: 10pt;">h</font><font style="font-family: Arial; font-size: 10pt;">erent</font><font style="font-family: Arial; font-size: 10pt;"> to law</font><font style="font-family: Arial; font-size: 10pt;">s, r</font><font style="font-family: Arial; font-size: 10pt;">egulation</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">good</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">practice</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">Corporative Policies</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Program</font><font style="font-family: Arial; font-size: 10pt;"> a</font><font style="font-family: Arial; font-size: 10pt;">ssists </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to</font><font style="font-family: Arial; font-size: 10pt;"> transform</font><font style="font-family: Arial; font-size: 10pt;"> its values into ethical</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">conduct</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">Compliance</font><font style="font-family: Arial; font-size: 10pt;"> co</font><font style="font-family: Arial; font-size: 10pt;">vers </font><font style="font-family: Arial; font-size: 10pt;">a s</font><font style="font-family: Arial; font-size: 10pt;">eries of </font><font style="font-family: Arial; font-size: 10pt;">preventiv</font><font style="font-family: Arial; font-size: 10pt;">e, </font><font style="font-family: Arial; font-size: 10pt;">monitor</font><font style="font-family: Arial; font-size: 10pt;">ing and </font><font style="font-family: Arial; font-size: 10pt;">corre</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">tiv</font><font style="font-family: Arial; font-size: 10pt;">e efforts</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">minimizing</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">risks</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of noncompliance with</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> and</font><font style="font-family: Arial; font-size: 10pt;"> consequent</font><font style="font-family: Arial; font-size: 10pt;"> adoption of legal </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">regula</font><font style="font-family: Arial; font-size: 10pt;">tory sanctions</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">including</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">those related to the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Anticorruption</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Law, </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">of noncompliance with th</font><font style="font-family: Arial; font-size: 10pt;">e </font><font style="font-family: Arial; font-size: 10pt;">principle</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">upheld</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Program</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">in this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">in</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code of Ethics</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The </font><font style="font-family: Arial; font-size: 10pt;">areas</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">stru</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">tur</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">below are</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">directly</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">nvolv</font><font style="font-family: Arial; font-size: 10pt;">ed </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">n the management</font><font style="font-family: Arial; font-size: 10pt;"> o</font><font style="font-family: Arial; font-size: 10pt;">f the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Program</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">Accordingly, the </font><font style="font-family: Arial; font-size: 10pt;">inst</font><font style="font-family: Arial; font-size: 10pt;">ances</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">areas</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">have the following</font><font style="font-family: Arial; font-size: 10pt;"> respons</font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">bili</font><font style="font-family: Arial; font-size: 10pt;">ti</font><font style="font-family: Arial; font-size: 10pt;">es:</font></p>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">4.1.</font><font style="font: 7.0pt 'Times New Roman';"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">CONDUCT COMMITTEE</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Conduct Committee</font><font style="font-family: Arial; font-size: 10pt;"> is a non-statutory body</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">linked</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Board of Directors</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> Ultrapar</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">The</font><font style="font-family: Arial; font-size: 10pt;"> principa</font><font style="font-family: Arial; font-size: 10pt;">l duties of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Conduct Committee</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">are as follows</font><font style="font-family: Arial; font-size: 10pt;">:</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">manage the application of the Code of Ethics, its guidelines and related policies</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">supervise the application and effectiveness of the Code of Ethics principles</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">review and approve the </font><font style="font-family: Arial; font-size: 10pt;">Compliance and Ethics Program</font><font style="font-family: Arial; font-size: 10pt;"> and supervise its application, in order to ensure compliance</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">propose and evaluate new policies associated with the Code of Ethics, as well as propose changes to it and the policies currently in force associated with it</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">oversee</font><font style="font-family: Arial; font-size: 10pt;"> investigations promoted by the DRCA</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">recommend the appropriate disciplinary, administrative or judicial measures, related to a subject within its authority, to be adopted by Ultra Group&#8217;s bodies, as well as resolve on the need to report the matter to the Risk and Audit Committee or the Board of Directors of the </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;"> for additional measures that may be applicable</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">formally report the Committee&#8217;s resolutions to the Board of Directors in the most relevant cases</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">forward to the Risk and Audit Committee and the Board of Directors annual reports describing their activities and those of the </font><font style="font-family: Arial; font-size: 10pt;">P</font><font style="font-family: Arial; font-size: 10pt;">rogram, without prejudice to extraordinary reports, whenever necessary</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">answer questions about the application or interpretation of the Code of Ethics provisions, the policies adopted by Ultra Group and, in the areas </font><font style="font-family: Arial; font-size: 10pt;">within its agency</font><font style="font-family: Arial; font-size: 10pt;">, the law and the Regulation</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">4.2.</font><font style="font: 7.0pt 'Times New Roman';"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">RISK, COMPLIANCE AND AUDIT </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">DEPARTMENT (</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">DRCA</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">)</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">DRCA</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">is responsible for</font><font style="font-family: Arial; font-size: 10pt;">:</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Propose</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">revi</font><font style="font-family: Arial; font-size: 10pt;">ew</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">policies</font><font style="font-family: Arial; font-size: 10pt;"> rela</font><font style="font-family: Arial; font-size: 10pt;">ted to the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Program</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">as well as</font><font style="font-family: Arial; font-size: 10pt;"> coord</font><font style="font-family: Arial; font-size: 10pt;">inate their </font><font style="font-family: Arial; font-size: 10pt;">reco</font><font style="font-family: Arial; font-size: 10pt;">m</font><font style="font-family: Arial; font-size: 10pt;">menda</font><font style="font-family: Arial; font-size: 10pt;">tion by the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Conduct Committee</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> respectiv</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">approval</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">by the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Board of Directors</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Guide and develop training topics for the Program</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">De</font><font style="font-family: Arial; font-size: 10pt;">velop the </font><font style="font-family: Arial; font-size: 10pt;">corporat</font><font style="font-family: Arial; font-size: 10pt;">e communication of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Program</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Manage Ultra Group&#8217;s Open Channel</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Condu</font><font style="font-family: Arial; font-size: 10pt;">ct</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">and/or</font><font style="font-family: Arial; font-size: 10pt;"> oversee</font><font style="font-family: Arial; font-size: 10pt;"> interna</font><font style="font-family: Arial; font-size: 10pt;">l investigation</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">n </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Support </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">reco</font><font style="font-family: Arial; font-size: 10pt;">m</font><font style="font-family: Arial; font-size: 10pt;">mend</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">delibera</font><font style="font-family: Arial; font-size: 10pt;">tions of </font><font style="font-family: Arial; font-size: 10pt;">consequ</font><font style="font-family: Arial; font-size: 10pt;">ence</font><font style="font-family: Arial; font-size: 10pt;">s</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Monitor</font><font style="font-family: Arial; font-size: 10pt;"> the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Program</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in all th</font><font style="font-family: Arial; font-size: 10pt;">e </font><font style="font-family: Arial; font-size: 10pt;">Business</font><font style="font-family: Arial; font-size: 10pt;">es</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Represent </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">institu</font><font style="font-family: Arial; font-size: 10pt;">tionally in the</font><font style="font-family: Arial; font-size: 10pt;"> Compliance</font><font style="font-family: Arial; font-size: 10pt;"> theme</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Follow up the development </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">f the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">activities</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Compliance areas</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Propo</font><font style="font-family: Arial; font-size: 10pt;">se improvement actions to the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Program</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">4.3.</font><font style="font: 7.0pt 'Times New Roman';"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">BUSINESS COMPLIANCE AREA</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">S</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Compliance</font><font style="font-family: Arial; font-size: 10pt;"> Areas are responsible for</font><font style="font-family: Arial; font-size: 10pt;">:</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Ensure the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">compliance</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">with the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> o</font><font style="font-family: Arial; font-size: 10pt;">f the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Program</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Implement</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">monitor</font><font style="font-family: Arial; font-size: 10pt;"> the adherence to this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in the B</font><font style="font-family: Arial; font-size: 10pt;">usiness</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Plan, de</font><font style="font-family: Arial; font-size: 10pt;">velop</font><font style="font-family: Arial; font-size: 10pt;">, implement</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">execut</font><font style="font-family: Arial; font-size: 10pt;">e the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Program</font><font style="font-family: Arial; font-size: 10pt;"> and it</font><font style="font-family: Arial; font-size: 10pt;">s controls </font><font style="font-family: Arial; font-size: 10pt;">in line with the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;"> and the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">risks</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Ap</font><font style="font-family: Arial; font-size: 10pt;">ply and </font><font style="font-family: Arial; font-size: 10pt;">control </font><font style="font-family: Arial; font-size: 10pt;">training</font><font style="font-family: Arial; font-size: 10pt;"> o</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;"> Compliance </font><font style="font-family: Arial; font-size: 10pt;">in the B</font><font style="font-family: Arial; font-size: 10pt;">usiness</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Disclose the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Program</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in the B</font><font style="font-family: Arial; font-size: 10pt;">usiness</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Ensure</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">the </font><font style="font-family: Arial; font-size: 10pt;">realiza</font><font style="font-family: Arial; font-size: 10pt;">tion of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Background Check</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">according to this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">A</font><font style="font-family: Arial; font-size: 10pt;">ssist the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Board of Executive Officers</font><font style="font-family: Arial; font-size: 10pt;"> o</font><font style="font-family: Arial; font-size: 10pt;">f the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Compliance </font><font style="font-family: Arial; font-size: 10pt;">aspects that are </font><font style="font-family: Arial; font-size: 10pt;">relevant</font><font style="font-family: Arial; font-size: 10pt;"> to decision-making proc</font><font style="font-family: Arial; font-size: 10pt;">es</font><font style="font-family: Arial; font-size: 10pt;">s</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">A</font><font style="font-family: Arial; font-size: 10pt;">ssess the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Program</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;"> the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Condu</font><font style="font-family: Arial; font-size: 10pt;">ct </font><font style="font-family: Arial; font-size: 10pt;">interna</font><font style="font-family: Arial; font-size: 10pt;">l investigation</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">in the B</font><font style="font-family: Arial; font-size: 10pt;">usiness</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">as requested by and in</font><font style="font-family: Arial; font-size: 10pt;"> coord</font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">na</font><font style="font-family: Arial; font-size: 10pt;">tion with the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">DRCA</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Periodically r</font><font style="font-family: Arial; font-size: 10pt;">eport</font><font style="font-family: Arial; font-size: 10pt;"> to the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">DRCA</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> evolu</font><font style="font-family: Arial; font-size: 10pt;">tion of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Program</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in the B</font><font style="font-family: Arial; font-size: 10pt;">usiness</font></li>
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<p style="margin: 0pt;"><img src="imga6a01a9c8ed74c2e81b0.jpg" alt="Graphics"><br></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">4.4.</font><font style="font: 7.0pt 'Times New Roman';"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">BUSINESS AND HOLDING L</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">EGAL AREA</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">S</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">L</font><font style="font-family: Arial; font-size: 10pt;">egal Areas are responsible for</font><font style="font-family: Arial; font-size: 10pt;">:</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Support the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Compliance</font><font style="font-family: Arial; font-size: 10pt;"> Areas</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">and/or </font><font style="font-family: Arial; font-size: 10pt;">DRCA</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;"> the prep</font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">ration of guidelines on</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">anticorruption clauses</font><font style="font-family: Arial; font-size: 10pt;"> to be</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">adopted</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;"> the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">agreements</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Technically assist </font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">h</font><font style="font-family: Arial; font-size: 10pt;">e </font><font style="font-family: Arial; font-size: 10pt;">Business</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;"> the evaluation</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">formaliza</font><font style="font-family: Arial; font-size: 10pt;">tion of requests of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">donations and sponsorships</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">pursuant to</font><font style="font-family: Arial; font-size: 10pt;"> this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Support the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Compliance</font><font style="font-family: Arial; font-size: 10pt;"> Areas</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in the preparation</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">revi</font><font style="font-family: Arial; font-size: 10pt;">ew of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">agreements</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">terms, </font><font style="font-family: Arial; font-size: 10pt;">pursuant to this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Support the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Compliance</font><font style="font-family: Arial; font-size: 10pt;"> Areas</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">and/or</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">DRCA</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in cases of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Red Flags</font><font style="font-family: Arial; font-size: 10pt;">, intera</font><font style="font-family: Arial; font-size: 10pt;">cting with the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">DRCA</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">if ther</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> are doubts</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Immediately inform the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Compliance Area</font><font style="font-family: Arial; font-size: 10pt;"> o</font><font style="font-family: Arial; font-size: 10pt;">f the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business</font><font style="font-family: Arial; font-size: 10pt;">, the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">DRCA</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Holding </font><font style="font-family: Arial; font-size: 10pt;">L</font><font style="font-family: Arial; font-size: 10pt;">egal</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Department</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> notifica</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">subpoena</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">letter</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">other</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">documents</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">issued by the prop</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">r authorities</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in connection with the object</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">in addition to </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">operation</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">investiga</font><font style="font-family: Arial; font-size: 10pt;">tion conducted by proper bodies</font><font style="font-family: Arial; font-size: 10pt;"> &#8211; inclu</font><font style="font-family: Arial; font-size: 10pt;">ding bo</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;">ie</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> control</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">inspection</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">police </font><font style="font-family: Arial; font-size: 10pt;">authority</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> involving the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">[</font><font style="font-family: Arial; font-size: 10pt;">Partners</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Employees</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Business Partners</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">External Representatives</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">]</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Allow the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Holding </font><font style="font-family: Arial; font-size: 10pt;">L</font><font style="font-family: Arial; font-size: 10pt;">egal</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Department</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">free access to all facts, data</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">documents</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">information</font><font style="font-family: Arial; font-size: 10pt;"> necess</font><font style="font-family: Arial; font-size: 10pt;">ary to the </font><font style="font-family: Arial; font-size: 10pt;">corre</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;"> understanding</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">evaluation</font><font style="font-family: Arial; font-size: 10pt;"> o</font><font style="font-family: Arial; font-size: 10pt;">f the</font><font style="font-family: Arial; font-size: 10pt;"> cas</font><font style="font-family: Arial; font-size: 10pt;">e</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">The</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Legal Areas</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">shoul</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> align with the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Holding </font><font style="font-family: Arial; font-size: 10pt;">L</font><font style="font-family: Arial; font-size: 10pt;">egal</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Department</font><font style="font-family: Arial; font-size: 10pt;"> the adequate </font><font style="font-family: Arial; font-size: 10pt;">defini</font><font style="font-family: Arial; font-size: 10pt;">tion of s</font><font style="font-family: Arial; font-size: 10pt;">trat</font><font style="font-family: Arial; font-size: 10pt;">egies </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">intera</font><font style="font-family: Arial; font-size: 10pt;">ction with the lawyers hired for cases</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">rela</font><font style="font-family: Arial; font-size: 10pt;">ted to this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font></li>
</ul>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<ol start="5" type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: 108%; margin: 0pt 0pt 0pt 13.34pt; padding-left: 4.66pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">ANTI-CORRUPTION GUIDELINES FOR CONTRACTING </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">TRANSACTIONS </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">AND BUSINESS</font></li>
</ol>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">5.1.</font><font style="font: 7.0pt 'Times New Roman';"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">EXTERNAL REPRESENTATIVES</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">, </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">BUSINESS PARTNERS</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">, </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">SUPPLIERS AND SERVICE PROVIDERS</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The action</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">External Representatives</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Business Partners</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Suppliers and Service Providers</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">may pose</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">risks</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">o </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">since </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">it</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">Partners</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">Employees</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">may be held liable for these actions</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">even when they were not aware of </font><font style="font-family: Arial; font-size: 10pt;">or</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">aut</font><font style="font-family: Arial; font-size: 10pt;">h</font><font style="font-family: Arial; font-size: 10pt;">oriz</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> these action</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The actions prohibited by this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">cannot be performed by</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">it</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">Partners</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">Employees</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">ne</font><font style="font-family: Arial; font-size: 10pt;">ither directly or</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in</font><font style="font-family: Arial; font-size: 10pt;">directly</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">through</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">individuals</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">externa</font><font style="font-family: Arial; font-size: 10pt;">l legal entitie</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">which are</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">External Representatives</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Business Partners</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Suppliers</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">Service providers</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">sub</font><font style="font-family: Arial; font-size: 10pt;">contracting </font><font style="font-family: Arial; font-size: 10pt;">of </font><font style="font-family: Arial; font-size: 10pt;">Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">by</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">External Representatives</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Business Partners</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Suppliers and Service Providers</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">is forbidden, except if previously </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">formal</font><font style="font-family: Arial; font-size: 10pt;">ly approved by the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Compliance Area</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">when there is no</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">conflict of interest</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">fter </font><font style="font-family: Arial; font-size: 10pt;">realiza</font><font style="font-family: Arial; font-size: 10pt;">tion of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Background Check</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">an</font><font style="font-family: Arial; font-size: 10pt;">alysis made by the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business Legal Department</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">by the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Holding </font><font style="font-family: Arial; font-size: 10pt;">L</font><font style="font-family: Arial; font-size: 10pt;">egal</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Department</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">as appropriate</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;"><br></font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">5.2.</font><font style="font: 7.0pt 'Times New Roman';"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">DILIGENCE FOR CONTRACTING EXTERNAL</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;"> REPRESENTATIVES</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">, </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">BUSINESS PARTNERS</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">, </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">SUPPLIERS AND SERVICE PROVIDERS</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The </font><font style="font-family: Arial; font-size: 10pt;">contra</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">ing of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">External Representatives</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Business Partners</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Suppliers and </font><font style="font-family: Arial; font-size: 10pt;">Service Providers</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">must be </font><font style="font-family: Arial; font-size: 10pt;">preced</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> by </font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Background Check</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">The</font><font style="font-family: Arial; font-size: 10pt;"> formaliza</font><font style="font-family: Arial; font-size: 10pt;">tion of the </font><font style="font-family: Arial; font-size: 10pt;">co</font><font style="font-family: Arial; font-size: 10pt;">m</font><font style="font-family: Arial; font-size: 10pt;">mercial</font><font style="font-family: Arial; font-size: 10pt;"> relationship</font><font style="font-family: Arial; font-size: 10pt;">, e</font><font style="font-family: Arial; font-size: 10pt;">ither through</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">agreement</font><font style="font-family: Arial; font-size: 10pt;">, proposa</font><font style="font-family: Arial; font-size: 10pt;">l</font><font style="font-family: Arial; font-size: 10pt;">, term</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">therwise, should contain</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">anticorruption clause</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">pursuant to</font><font style="font-family: Arial; font-size: 10pt;"> this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">The</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Background Check</font><font style="font-family: Arial; font-size: 10pt;"> m</font><font style="font-family: Arial; font-size: 10pt;">ay also be conducted in</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">customers</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in order to</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">meet specific</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">legislation</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">If</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Red Flags</font><font style="font-family: Arial; font-size: 10pt;"> a</font><font style="font-family: Arial; font-size: 10pt;">re</font><font style="font-family: Arial; font-size: 10pt;"> identified in the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Background Check</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> respectiv</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Compliance Area</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">shall be</font><font style="font-family: Arial; font-size: 10pt;"> consult</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">d, </font><font style="font-family: Arial; font-size: 10pt;">before the relationship with the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">External Representative</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Business Partner</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Supplier</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">Service Provider</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">s formal</font><font style="font-family: Arial; font-size: 10pt;">ly agreed </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">continu</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The minimal requirements to be assessed in the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Background Check</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">as well as </font><font style="font-family: Arial; font-size: 10pt;">procedure</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">fo</font><font style="font-family: Arial; font-size: 10pt;">r classifica</font><font style="font-family: Arial; font-size: 10pt;">tion of </font><font style="font-family: Arial; font-size: 10pt;">critic</font><font style="font-family: Arial; font-size: 10pt;">al</font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">ty</font><font style="font-family: Arial; font-size: 10pt;">, ren</font><font style="font-family: Arial; font-size: 10pt;">ewal</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">vali</font><font style="font-family: Arial; font-size: 10pt;">dity</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should follow the criteria established by the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">DRCA</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to the responsible </font><font style="font-family: Arial; font-size: 10pt;">areas</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">5.3.</font><font style="font: 7.0pt 'Times New Roman';"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">CONTRACTING FORMER PUBLIC </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">OFFICIALS</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Every</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">contracting </font><font style="font-family: Arial; font-size: 10pt;">of </font><font style="font-family: Arial; font-size: 10pt;">Former Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">by</font><font style="font-family: Arial; font-size: 10pt;"> Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should meet the following criteria</font><font style="font-family: Arial; font-size: 10pt;">:</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">No</font><font style="font-family: Arial; font-size: 10pt;">t be</font><font style="font-family: Arial; font-size: 10pt;"> pro</font><font style="font-family: Arial; font-size: 10pt;">h</font><font style="font-family: Arial; font-size: 10pt;">ibi</font><font style="font-family: Arial; font-size: 10pt;">te</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> by law </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">executive act</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Respe</font><font style="font-family: Arial; font-size: 10pt;">ct all</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">period</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> legal</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">regula</font><font style="font-family: Arial; font-size: 10pt;">tory quarantine, when applicable</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">A</font><font style="font-family: Arial; font-size: 10pt;">ssess</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">ven when not</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">prohibited</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">if it may caus</font><font style="font-family: Arial; font-size: 10pt;">e </font><font style="font-family: Arial; font-size: 10pt;">negativ</font><font style="font-family: Arial; font-size: 10pt;">e perception</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">be considered as</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">conflict of interests</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">No</font><font style="font-family: Arial; font-size: 10pt;">t aim the obtaining of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Inside Information</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">for own benefit</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">for benefit of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">third parties</font><font style="font-family: Arial; font-size: 10pt;">, obt</font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">ne</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">s a result of th</font><font style="font-family: Arial; font-size: 10pt;">e </font><font style="font-family: Arial; font-size: 10pt;">activities</font><font style="font-family: Arial; font-size: 10pt;"> exerci</font><font style="font-family: Arial; font-size: 10pt;">se</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> by </font><font style="font-family: Arial; font-size: 10pt;">Former Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Be submitted for analysis by the Compliance Areas on any conflicts of interests</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">No</font><font style="font-family: Arial; font-size: 10pt;">t </font><font style="font-family: Arial; font-size: 10pt;">present </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Red Flag</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">after the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Background Check</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Be</font><font style="font-family: Arial; font-size: 10pt;"> previ</font><font style="font-family: Arial; font-size: 10pt;">ously </font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">p</font><font style="font-family: Arial; font-size: 10pt;">prov</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> by the</font><font style="font-family: Arial; font-size: 10pt;"> respectiv</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business Legal Department</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">Holding</font><font style="font-family: Arial; font-size: 10pt;"> Company</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">for</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">contracting Former Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">also</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">b</font><font style="font-family: Arial; font-size: 10pt;">e observ</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> i</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;"> the</font><font style="font-family: Arial; font-size: 10pt;"> process</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">contracting</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">legal entities</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">whose </font><font style="font-family: Arial; font-size: 10pt;">partners</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">managers</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">officers are</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Former Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">These</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">also</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">apply when the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">activity</font><font style="font-family: Arial; font-size: 10pt;"> obje</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">f the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">contracting</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">performed</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">directly</font><font style="font-family: Arial; font-size: 10pt;"> by</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Former Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">5.4.</font><font style="font: 7.0pt 'Times New Roman';"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">CONTRACTING PUBLIC </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">OFFICIALS</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Every</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">contracting </font><font style="font-family: Arial; font-size: 10pt;">of </font><font style="font-family: Arial; font-size: 10pt;">Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">by</font><font style="font-family: Arial; font-size: 10pt;"> Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should meet the following criteria</font><font style="font-family: Arial; font-size: 10pt;">:</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Not be prohibited by law or executive act </font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Even when not</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">prohibited</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">b</font><font style="font-family: Arial; font-size: 10pt;">e preced</font><font style="font-family: Arial; font-size: 10pt;">ed by</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">evaluation</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to check if it may cause negative perception or be considered as conflict of interests </font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">No</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">permit</font><font style="font-family: Arial; font-size: 10pt;"> the obtaining of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Inside Information</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">for own benefit or for benefit of third parties, as a result of the activities exercised by the </font><font style="font-family: Arial; font-size: 10pt;">Public Officer</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">The position or function</font><font style="font-family: Arial; font-size: 10pt;"> exerci</font><font style="font-family: Arial; font-size: 10pt;">se</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> by the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Public Officer</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">is not</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">incompatible with his working hours</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">activities</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">There is n</font><font style="font-family: Arial; font-size: 10pt;">o rela</font><font style="font-family: Arial; font-size: 10pt;">tion between </font><font style="font-family: Arial; font-size: 10pt;">activities</font><font style="font-family: Arial; font-size: 10pt;"> exerci</font><font style="font-family: Arial; font-size: 10pt;">se</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> by the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Public Officer</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">those</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">exercised by the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">areas</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of operation of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">No </font><font style="font-family: Arial; font-size: 10pt;">favoritism in the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">contracting</font><font style="font-family: Arial; font-size: 10pt;"> o</font><font style="font-family: Arial; font-size: 10pt;">f the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Public Officer</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">B</font><font style="font-family: Arial; font-size: 10pt;">e subm</font><font style="font-family: Arial; font-size: 10pt;">itted to analysis by the Compliance Area before</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">contracting</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">N</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">t present</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Red Flag</font><font style="font-family: Arial; font-size: 10pt;"> after the </font><font style="font-family: Arial; font-size: 10pt;">Background Check</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Be approved by the respective Business Legal Department or Holding Company before the </font><font style="font-family: Arial; font-size: 10pt;">contracting</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Every </font><font style="font-family: Arial; font-size: 10pt;">contra</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">ing of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should be</font><font style="font-family: Arial; font-size: 10pt;"> formaliz</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> by </font><font style="font-family: Arial; font-size: 10pt;">contra</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">t, </font><font style="font-family: Arial; font-size: 10pt;">cont</font><font style="font-family: Arial; font-size: 10pt;">aining cl</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">arly the purpose of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">agreement</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">compensation</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">anticorruption clause</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">pursuant to</font><font style="font-family: Arial; font-size: 10pt;"> this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;">. </font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">for </font><font style="font-family: Arial; font-size: 10pt;">contracting Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">also</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">be observed in the process of contracting of legal entities whose partners, managers or officers are Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;">. These guidelines also apply when the activity object of the contracting is </font><font style="font-family: Arial; font-size: 10pt;">performed</font><font style="font-family: Arial; font-size: 10pt;"> directly by</font><font style="font-family: Arial; font-size: 10pt;"> the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Public </font><font style="font-family: Arial; font-size: 10pt;">Official</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">5.5.</font><font style="font: 7.0pt 'Times New Roman';"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">CORPORATE TRANSACTIONS AND</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">CONSORTIUM</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">is commit</font><font style="font-family: Arial; font-size: 10pt;">te</font><font style="font-family: Arial; font-size: 10pt;">d t</font><font style="font-family: Arial; font-size: 10pt;">o </font><font style="font-family: Arial; font-size: 10pt;">conducting a proper and reasonable </font><font style="font-family: Arial; font-size: 10pt;">due diligence</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">process</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">involving</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">corporate transactions</font><font style="font-family: Arial; font-size: 10pt;"> (</font><font style="font-family: Arial; font-size: 10pt;">for instance, mergers</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">quisi</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;">s)</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">formation of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">consortium</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">associations</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in order to</font><font style="font-family: Arial; font-size: 10pt;"> verif</font><font style="font-family: Arial; font-size: 10pt;">y any </font><font style="font-family: Arial; font-size: 10pt;">irregulari</font><font style="font-family: Arial; font-size: 10pt;">ti</font><font style="font-family: Arial; font-size: 10pt;">es</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">illegal actions, for the purposes</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">by the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">legal entities</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">nvolv</font><font style="font-family: Arial; font-size: 10pt;">ed</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Accordingly, prior to</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">transa</font><font style="font-family: Arial; font-size: 10pt;">ction, the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">area </font><font style="font-family: Arial; font-size: 10pt;">respons</font><font style="font-family: Arial; font-size: 10pt;">ible for the</font><font style="font-family: Arial; font-size: 10pt;"> process</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business Legal Department</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">if involved in the</font><font style="font-family: Arial; font-size: 10pt;"> process,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">shoul</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> meet with th</font><font style="font-family: Arial; font-size: 10pt;">e </font><font style="font-family: Arial; font-size: 10pt;">Holding </font><font style="font-family: Arial; font-size: 10pt;">L</font><font style="font-family: Arial; font-size: 10pt;">egal</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Department</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">DRCA</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in order to</font><font style="font-family: Arial; font-size: 10pt;"> defin</font><font style="font-family: Arial; font-size: 10pt;">e the sc</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">pe of the</font><font style="font-family: Arial; font-size: 10pt;"> due diligence </font><font style="font-family: Arial; font-size: 10pt;">process that will analyze </font><font style="font-family: Arial; font-size: 10pt;">Compliance</font><font style="font-family: Arial; font-size: 10pt;"> issues</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">This analysis should also be</font><font style="font-family: Arial; font-size: 10pt;"> coord</font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">na</font><font style="font-family: Arial; font-size: 10pt;">te</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> with the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">M&amp;A </font><font style="font-family: Arial; font-size: 10pt;">Board of Executive Officers</font><font style="font-family: Arial; font-size: 10pt;"> of the</font><font style="font-family: Arial; font-size: 10pt;"> Holding</font><font style="font-family: Arial; font-size: 10pt;"> Company</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">precede </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> opera</font><font style="font-family: Arial; font-size: 10pt;">tion of that</font><font style="font-family: Arial; font-size: 10pt;"> nature</font><font style="font-family: Arial; font-size: 10pt;"> carried out by</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">5.6.</font><font style="font: 7.0pt 'Times New Roman';"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">ANTICORRUPTION CLAUSE</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">All</font><font style="font-family: Arial; font-size: 10pt;"> and any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">instrument</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">contracting</font><font style="font-family: Arial; font-size: 10pt;"> o</font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">the </font><font style="font-family: Arial; font-size: 10pt;">Business</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">of the</font><font style="font-family: Arial; font-size: 10pt;"> Holding</font><font style="font-family: Arial; font-size: 10pt;"> Company</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should contain </font><font style="font-family: Arial; font-size: 10pt;">clause</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">that assures </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">pr</font><font style="font-family: Arial; font-size: 10pt;">ovides for th</font><font style="font-family: Arial; font-size: 10pt;">e </font><font style="font-family: Arial; font-size: 10pt;">compliance</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">by the counterparty</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">with </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">t out in this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">in</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code of Ethics</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">and with all </font><font style="font-family: Arial; font-size: 10pt;">and any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">applicable </font><font style="font-family: Arial; font-size: 10pt;">anticorruption</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">law and regulation</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">This</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">clause</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should</font><font style="font-family: Arial; font-size: 10pt;"> pr</font><font style="font-family: Arial; font-size: 10pt;">ovide fo</font><font style="font-family: Arial; font-size: 10pt;">r</font><font style="font-family: Arial; font-size: 10pt;"> the </font><font style="font-family: Arial; font-size: 10pt;">possibili</font><font style="font-family: Arial; font-size: 10pt;">ty of automatic </font><font style="font-family: Arial; font-size: 10pt;">contra</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">tual</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">rescission in case of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">noncomp</font><font style="font-family: Arial; font-size: 10pt;">liance</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<li style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: 108%; margin: 0pt 0pt 0pt 13.34pt; padding-left: 4.66pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">FURTHER</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">ANTICORRUPTIO</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">N </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">GUIDELINES </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">FOR </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">BUSINESS</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">6.1.</font><font style="font: 7.0pt 'Times New Roman';"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">ASSOCIATIONS, CLASS ENTITIES AND OTHER REPRESENTATIVE ENTITIES</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Associations, class entities and other representative entities</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">have </font><font style="font-family: Arial; font-size: 10pt;">important</font><font style="font-family: Arial; font-size: 10pt;"> rol</font><font style="font-family: Arial; font-size: 10pt;">e </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;"> the</font><font style="font-family: Arial; font-size: 10pt;"> socie</font><font style="font-family: Arial; font-size: 10pt;">ty, as they have right to</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">peti</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">efficiently </font><font style="font-family: Arial; font-size: 10pt;">and legally </font><font style="font-family: Arial; font-size: 10pt;">defend</font><font style="font-family: Arial; font-size: 10pt;">ing </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">represent</font><font style="font-family: Arial; font-size: 10pt;">ing legitimate interest</font><font style="font-family: Arial; font-size: 10pt;">s, </font><font style="font-family: Arial; font-size: 10pt;">in</font><font style="font-family: Arial; font-size: 10pt;"> their </font><font style="font-family: Arial; font-size: 10pt;">respectiv</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> se</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">tors </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> representa</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">It is forbidden</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">from every</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">aspect</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">to use those</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">entities to obtain </font><font style="font-family: Arial; font-size: 10pt;">Undue Advantage</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">A </font><font style="font-family: Arial; font-size: 10pt;">legal</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">transparent</font><font style="font-family: Arial; font-size: 10pt;"> relationship with</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">associations</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">class </font><font style="font-family: Arial; font-size: 10pt;">entities</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should follow the guidelines below</font><font style="font-family: Arial; font-size: 10pt;">:</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">The</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">affiliation</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">shall be</font><font style="font-family: Arial; font-size: 10pt;"> formaliz</font><font style="font-family: Arial; font-size: 10pt;">ed in</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">agreement</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">similar </font><font style="font-family: Arial; font-size: 10pt;">term</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">association</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">with goals</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">co</font><font style="font-family: Arial; font-size: 10pt;">u</font><font style="font-family: Arial; font-size: 10pt;">nt</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">rparts </font><font style="font-family: Arial; font-size: 10pt;">clearly </font><font style="font-family: Arial; font-size: 10pt;">defin</font><font style="font-family: Arial; font-size: 10pt;">ed</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Ordinary p</font><font style="font-family: Arial; font-size: 10pt;">ayments</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">be stated in the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">term of ass</font><font style="font-family: Arial; font-size: 10pt;">ociation</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> monthly fee,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">monthly</font><font style="font-family: Arial; font-size: 10pt;"> or</font><font style="font-family: Arial; font-size: 10pt;"> annual </font><font style="font-family: Arial; font-size: 10pt;">contribu</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> or the like </font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">When there are extraordinary</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">payments</font><font style="font-family: Arial; font-size: 10pt;">, t</font><font style="font-family: Arial; font-size: 10pt;">h</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">y</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should</font><font style="font-family: Arial; font-size: 10pt;">:</font></li>
<li>
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<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 65pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">b</font><font style="font-family: Arial; font-size: 10pt;">e revi</font><font style="font-family: Arial; font-size: 10pt;">ewed by the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Board of Executive Officers</font><font style="font-family: Arial; font-size: 10pt;"> o</font><font style="font-family: Arial; font-size: 10pt;">f the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">before</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">approval</font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 65pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">b</font><font style="font-family: Arial; font-size: 10pt;">e preced</font><font style="font-family: Arial; font-size: 10pt;">ed by descriptive term</font><font style="font-family: Arial; font-size: 10pt;"> si</font><font style="font-family: Arial; font-size: 10pt;">g</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">bound to the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">term of ass</font><font style="font-family: Arial; font-size: 10pt;">ociation</font><font style="font-family: Arial; font-size: 10pt;">, de</font><font style="font-family: Arial; font-size: 10pt;">scribing the goal</font><font style="font-family: Arial; font-size: 10pt;">, destina</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">instruments </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">rendering of accounts</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">cont</font><font style="font-family: Arial; font-size: 10pt;">aining</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">anticorruption clause</font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 65pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">b</font><font style="font-family: Arial; font-size: 10pt;">e </font><font style="font-family: Arial; font-size: 10pt;">listed in the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">descriptive term </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">f the</font><font style="font-family: Arial; font-size: 10pt;"> proje</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">t, </font><font style="font-family: Arial; font-size: 10pt;">when i</font><font style="font-family: Arial; font-size: 10pt;">nvolv</font><font style="font-family: Arial; font-size: 10pt;">ing</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">External Representatives</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> nature</font><font style="font-family: Arial; font-size: 10pt;">, such as</font><font style="font-family: Arial; font-size: 10pt;"> consult</font><font style="font-family: Arial; font-size: 10pt;">ant</font><font style="font-family: Arial; font-size: 10pt;">s, </font><font style="font-family: Arial; font-size: 10pt;">lawyer</font><font style="font-family: Arial; font-size: 10pt;">s, a</font><font style="font-family: Arial; font-size: 10pt;">dvisor</font><font style="font-family: Arial; font-size: 10pt;">s, </font><font style="font-family: Arial; font-size: 10pt;">among</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">other</font><font style="font-family: Arial; font-size: 10pt;"> subcontra</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">ed partie</font><font style="font-family: Arial; font-size: 10pt;">s</font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Prohibition of direct </font><font style="font-family: Arial; font-size: 10pt;">payments</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">on behalf of and for the account of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">subcontracted parties</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">entities</font><font style="font-family: Arial; font-size: 10pt;"> al</font><font style="font-family: Arial; font-size: 10pt;">ien to the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">term of ass</font><font style="font-family: Arial; font-size: 10pt;">ociation</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;"> the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">descriptive term</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> extraordin</font><font style="font-family: Arial; font-size: 10pt;">ary projects</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">and such</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">payments</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;">hould b</font><font style="font-family: Arial; font-size: 10pt;">e </font><font style="font-family: Arial; font-size: 10pt;">ma</font><font style="font-family: Arial; font-size: 10pt;">de</font><font style="font-family: Arial; font-size: 10pt;"> solely to the affiliated</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">entity</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">All</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">payments</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">be accounted for in specific account</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of easy</font><font style="font-family: Arial; font-size: 10pt;"> identifica</font><font style="font-family: Arial; font-size: 10pt;">tion for </font><font style="font-family: Arial; font-size: 10pt;">control</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Every</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">ensure that the </font><font style="font-family: Arial; font-size: 10pt;">rela</font><font style="font-family: Arial; font-size: 10pt;">tionship with </font><font style="font-family: Arial; font-size: 10pt;">associations</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">class </font><font style="font-family: Arial; font-size: 10pt;">entities</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">is based on transparency </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">on legitimate and legal</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">interest</font><font style="font-family: Arial; font-size: 10pt;">s.</font></p>
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<p style="margin: 0pt;"><img src="imga6a01a9c8ed74c2e81b0.jpg" alt="Graphics"><br></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">6.2.</font><font style="font: 7.0pt 'Times New Roman';"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">DONATIONS AND POLITICAL CONTRIBUTIONS</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">This</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">prohibits </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to make</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">donation</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">political </font><font style="font-family: Arial; font-size: 10pt;">contribu</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">directly or indirectly</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">&#8211;</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in cash</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">the </font><font style="font-family: Arial; font-size: 10pt;">equivalent, </font><font style="font-family: Arial; font-size: 10pt;">produ</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">service</font><font style="font-family: Arial; font-size: 10pt;"> - </font><font style="font-family: Arial; font-size: 10pt;">to</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">political </font><font style="font-family: Arial; font-size: 10pt;">part</font><font style="font-family: Arial; font-size: 10pt;">y</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">to </font><font style="font-family: Arial; font-size: 10pt;">candidat</font><font style="font-family: Arial; font-size: 10pt;">e t</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;"> political office</font><font style="font-family: Arial; font-size: 10pt;">. </font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">This</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">does </font><font style="font-family: Arial; font-size: 10pt;">no</font><font style="font-family: Arial; font-size: 10pt;">t aim to prevent</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Employees</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">from </font><font style="font-family: Arial; font-size: 10pt;">particip</font><font style="font-family: Arial; font-size: 10pt;">ating in the political</font><font style="font-family: Arial; font-size: 10pt;"> process</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">from making</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">personal </font><font style="font-family: Arial; font-size: 10pt;">donations</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">political</font><font style="font-family: Arial; font-size: 10pt;"> contributions</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">following their own </font><font style="font-family: Arial; font-size: 10pt;">convic</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;">s.</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">However, these convictions</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">donations</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">political</font><font style="font-family: Arial; font-size: 10pt;"> contributions</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">cannot be </font><font style="font-family: Arial; font-size: 10pt;">rela</font><font style="font-family: Arial; font-size: 10pt;">ted to</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;"><br></font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">6.3.</font><font style="font: 7.0pt 'Times New Roman';"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">DONATIONS AND SPONSORSHIPS</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">In view of its social responsibilities (either philanthropic, cultural, </font><font style="font-family: Arial; font-size: 10pt;">academic</font><font style="font-family: Arial; font-size: 10pt;">, sports, environmental, among other), </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;"> may authorize</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">donations and sponsorships</font><font style="font-family: Arial; font-size: 10pt;"> t</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;"> the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">public </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">priva</font><font style="font-family: Arial; font-size: 10pt;">te sector</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">and in all hypotheses, the </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;"> shall be observed</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Donations and sponsorships</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should</font><font style="font-family: Arial; font-size: 10pt;"> observ</font><font style="font-family: Arial; font-size: 10pt;">e the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">below</font><font style="font-family: Arial; font-size: 10pt;">:</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">No </font><font style="font-family: Arial; font-size: 10pt;">actual or apparent </font><font style="font-family: Arial; font-size: 10pt;">conflict of interests</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">The</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">beneficiary</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">shall be</font><font style="font-family: Arial; font-size: 10pt;"> a </font><font style="font-family: Arial; font-size: 10pt;">public or private </font><font style="font-family: Arial; font-size: 10pt;">entity</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">being prohibited </font><font style="font-family: Arial; font-size: 10pt;">donations</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">sponsorships</font><font style="font-family: Arial; font-size: 10pt;"> to</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">individuals</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">The</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">beneficiary</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">as well as</font><font style="font-family: Arial; font-size: 10pt;"> indiv</font><font style="font-family: Arial; font-size: 10pt;">idual</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">other</font><font style="font-family: Arial; font-size: 10pt;"> related</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">entities</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should</font><font style="font-family: Arial; font-size: 10pt;"> hav</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> been object of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Background Check</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">This</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">guideline</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">also</font><font style="font-family: Arial; font-size: 10pt;"> ap</font><font style="font-family: Arial; font-size: 10pt;">p</font><font style="font-family: Arial; font-size: 10pt;">li</font><font style="font-family: Arial; font-size: 10pt;">es to</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">sponsorships</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">where there is</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">contracting</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">External Representatives</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">for performance of a</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">project</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">All</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">donations</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">sponsorships</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">b</font><font style="font-family: Arial; font-size: 10pt;">e a</font><font style="font-family: Arial; font-size: 10pt;">p</font><font style="font-family: Arial; font-size: 10pt;">prov</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> acc</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">rding to the grant</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> of authority </font><font style="font-family: Arial; font-size: 10pt;">defin</font><font style="font-family: Arial; font-size: 10pt;">ed </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">n the</font><font style="font-family: Arial; font-size: 10pt;"> Holding </font><font style="font-family: Arial; font-size: 10pt;">Company </font><font style="font-family: Arial; font-size: 10pt;">and/or</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;"> the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">formalize</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> thr</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">ugh written</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">agreement</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">term, </font><font style="font-family: Arial; font-size: 10pt;">which</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">clearly and accurately </font><font style="font-family: Arial; font-size: 10pt;">descr</font><font style="font-family: Arial; font-size: 10pt;">ib</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> the </font><font style="font-family: Arial; font-size: 10pt;">destina</font><font style="font-family: Arial; font-size: 10pt;">tion of the goods</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">re</font><font style="font-family: Arial; font-size: 10pt;">source</font><font style="font-family: Arial; font-size: 10pt;">s (</font><font style="font-family: Arial; font-size: 10pt;">as appropriate</font><font style="font-family: Arial; font-size: 10pt;">), benefi</font><font style="font-family: Arial; font-size: 10pt;">t solely the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">beneficiary</font><font style="font-family: Arial; font-size: 10pt;">, cont</font><font style="font-family: Arial; font-size: 10pt;">ain th</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> mandato</font><font style="font-family: Arial; font-size: 10pt;">r</font><font style="font-family: Arial; font-size: 10pt;">y rendering</font><font style="font-family: Arial; font-size: 10pt;"> o</font><font style="font-family: Arial; font-size: 10pt;">f accounts by the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">beneficiary</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">cont</font><font style="font-family: Arial; font-size: 10pt;">ain</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">anticorruption clause</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">pursuant to</font><font style="font-family: Arial; font-size: 10pt;"> this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
</ul>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The provisions of this section </font><font style="font-family: Arial; font-size: 10pt;">also</font><font style="font-family: Arial; font-size: 10pt;"> a</font><font style="font-family: Arial; font-size: 10pt;">p</font><font style="font-family: Arial; font-size: 10pt;">pl</font><font style="font-family: Arial; font-size: 10pt;">y to sponsorships</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">including</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">without</font><font style="font-family: Arial; font-size: 10pt;"> limita</font><font style="font-family: Arial; font-size: 10pt;">tio</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Rouanet</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Law </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">Sports </font><font style="font-family: Arial; font-size: 10pt;">Incentiv</font><font style="font-family: Arial; font-size: 10pt;">e Law</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;"><br></font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">6.4.</font><font style="font: 7.0pt 'Times New Roman';"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">TRAVEL, ENTERTAINMENT AND HOSPITALITY</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">payment</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">reimbursement of expenses</font><font style="font-family: Arial; font-size: 10pt;">, i</font><font style="font-family: Arial; font-size: 10pt;">nvolv</font><font style="font-family: Arial; font-size: 10pt;">ing </font><font style="font-family: Arial; font-size: 10pt;">Public </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">Priva</font><font style="font-family: Arial; font-size: 10pt;">te </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">related to travels</font><font style="font-family: Arial; font-size: 10pt;">, hospitali</font><font style="font-family: Arial; font-size: 10pt;">ty</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">meals</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">as well as invitation to</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">ttend </font><font style="font-family: Arial; font-size: 10pt;">corporat</font><font style="font-family: Arial; font-size: 10pt;">e events</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">le</font><font style="font-family: Arial; font-size: 10pt;">cture</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> will only be </font><font style="font-family: Arial; font-size: 10pt;">permi</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> when</font><font style="font-family: Arial; font-size: 10pt;">:</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">C</font><font style="font-family: Arial; font-size: 10pt;">omplies with applicable laws and regulations</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Is made </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">n good faith, without </font><font style="font-family: Arial; font-size: 10pt;">expectati</font><font style="font-family: Arial; font-size: 10pt;">on of return</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Is clearly related to leg</font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">l </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">leg</font><font style="font-family: Arial; font-size: 10pt;">itimate action</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;"> the best</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">interest</font><font style="font-family: Arial; font-size: 10pt;"> of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Refers to direct</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">payment</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">supplier</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">never involves direct or indirect </font><font style="font-family: Arial; font-size: 10pt;">payment</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Public or Private Officer</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Does not involve disbursement or reimbursement to family members or friends of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Public or Private Officer</font><font style="font-family: Arial; font-size: 10pt;">, inclu</font><font style="font-family: Arial; font-size: 10pt;">ding costing through gift coupons</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">prepaid </font><font style="font-family: Arial; font-size: 10pt;">vouchers</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">D</font><font style="font-family: Arial; font-size: 10pt;">oes not represent frequent or daily payments of expenses to the same person</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">For</font><font style="font-family: Arial; font-size: 10pt;"> hospitali</font><font style="font-family: Arial; font-size: 10pt;">ty</font><font style="font-family: Arial; font-size: 10pt;"> (</font><font style="font-family: Arial; font-size: 10pt;">meals</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">lodging</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">air ticket</font><font style="font-family: Arial; font-size: 10pt;">s etc.), </font><font style="font-family: Arial; font-size: 10pt;">it should be </font><font style="font-family: Arial; font-size: 10pt;">propor</font><font style="font-family: Arial; font-size: 10pt;">tionate to average and reasonable standards, according to </font><font style="font-family: Arial; font-size: 10pt;">policies</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">adopted</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">by the</font><font style="font-family: Arial; font-size: 10pt;"> Holding </font><font style="font-family: Arial; font-size: 10pt;">Company </font><font style="font-family: Arial; font-size: 10pt;">and/or</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">by the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">The </font><font style="font-family: Arial; font-size: 10pt;">circu</font><font style="font-family: Arial; font-size: 10pt;">m</font><font style="font-family: Arial; font-size: 10pt;">st</font><font style="font-family: Arial; font-size: 10pt;">ance</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">nvolv</font><font style="font-family: Arial; font-size: 10pt;">ed cannot be considered a</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">actual or apparent </font><font style="font-family: Arial; font-size: 10pt;">conflict of interests</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">ne</font><font style="font-family: Arial; font-size: 10pt;">ither cause the</font><font style="font-family: Arial; font-size: 10pt;"> percep</font><font style="font-family: Arial; font-size: 10pt;">tion of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Undue Advantage</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">It will be incumbent on the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Compliance</font><font style="font-family: Arial; font-size: 10pt;"> Areas</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">respectiv</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Boards of Executive Officers</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to establish</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">ma</font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">nt</font><font style="font-family: Arial; font-size: 10pt;">ain system of grants of authority </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">financial and accounting</font><font style="font-family: Arial; font-size: 10pt;"> controls </font><font style="font-family: Arial; font-size: 10pt;">that allow to </font><font style="font-family: Arial; font-size: 10pt;">ident</font><font style="font-family: Arial; font-size: 10pt;">ify</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">trace disbursement</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">related to these expenses</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">6.5.</font><font style="font: 7.0pt 'Times New Roman';"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">OFFER OR DELIVERY OF</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">CORPORATE GIFTS</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Corporate gifts</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">cannot seek the</font><font style="font-family: Arial; font-size: 10pt;"> interfer</font><font style="font-family: Arial; font-size: 10pt;">ence in </font><font style="font-family: Arial; font-size: 10pt;">Public or Private Officer</font><font style="font-family: Arial; font-size: 10pt;">&#8217;s decision</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">The delivery</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">offer</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">corporate gifts</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">have a clear</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">transparent</font><font style="font-family: Arial; font-size: 10pt;"> purpos</font><font style="font-family: Arial; font-size: 10pt;">e, </font><font style="font-family: Arial; font-size: 10pt;">which should be reasonable and proportionate</font><font style="font-family: Arial; font-size: 10pt;">, preserv</font><font style="font-family: Arial; font-size: 10pt;">ing the</font><font style="font-family: Arial; font-size: 10pt;"> impar</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">iali</font><font style="font-family: Arial; font-size: 10pt;">ty of the</font><font style="font-family: Arial; font-size: 10pt;"> rela</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">reputation</font><font style="font-family: Arial; font-size: 10pt;"> and</font><font style="font-family: Arial; font-size: 10pt;"> image</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">C</font><font style="font-family: Arial; font-size: 10pt;">orporate gifts</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should</font><font style="font-family: Arial; font-size: 10pt;">:</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Comply with Ultra Group&#8217;s Code of Ethics, applicable laws and regulations</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Be</font><font style="font-family: Arial; font-size: 10pt;"> cl</font><font style="font-family: Arial; font-size: 10pt;">early related to </font><font style="font-family: Arial; font-size: 10pt;">institutional</font><font style="font-family: Arial; font-size: 10pt;"> marketing actions</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">No</font><font style="font-family: Arial; font-size: 10pt;">t have</font><font style="font-family: Arial; font-size: 10pt;"> co</font><font style="font-family: Arial; font-size: 10pt;">m</font><font style="font-family: Arial; font-size: 10pt;">mercial</font><font style="font-family: Arial; font-size: 10pt;"> value</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">that </font><font style="font-family: Arial; font-size: 10pt;">is,</font><font style="font-family: Arial; font-size: 10pt;"> they</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should</font><font style="font-family: Arial; font-size: 10pt;"> b</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">institu</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">iona</font><font style="font-family: Arial; font-size: 10pt;">l g</font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">ft</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> (exa</font><font style="font-family: Arial; font-size: 10pt;">mpl</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">s: </font><font style="font-family: Arial; font-size: 10pt;">pen</font><font style="font-family: Arial; font-size: 10pt;">s, </font><font style="font-family: Arial; font-size: 10pt;">T-shirt</font><font style="font-family: Arial; font-size: 10pt;">s, institu</font><font style="font-family: Arial; font-size: 10pt;">tional book</font><font style="font-family: Arial; font-size: 10pt;">s)</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">A</font><font style="font-family: Arial; font-size: 10pt;">re duly reported to the immediate manager</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">offer</font><font style="font-family: Arial; font-size: 10pt;"> of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">corporate gifts</font><font style="font-family: Arial; font-size: 10pt;"> pro</font><font style="font-family: Arial; font-size: 10pt;">h</font><font style="font-family: Arial; font-size: 10pt;">ibi</font><font style="font-family: Arial; font-size: 10pt;">ts</font><font style="font-family: Arial; font-size: 10pt;">:</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">T</font><font style="font-family: Arial; font-size: 10pt;">ransaction</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in cash</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">similar</font><font style="font-family: Arial; font-size: 10pt;"> (</font><font style="font-family: Arial; font-size: 10pt;">for example</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">gift coupon</font><font style="font-family: Arial; font-size: 10pt;">), i</font><font style="font-family: Arial; font-size: 10pt;">rrespective of value</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Gift aimed t</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">influenc</font><font style="font-family: Arial; font-size: 10pt;">e act</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">decis</font><font style="font-family: Arial; font-size: 10pt;">ion </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">f the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Public or Private </font><font style="font-family: Arial; font-size: 10pt;">Official</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">At</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">ude </font><font style="font-family: Arial; font-size: 10pt;">that can be considered as</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">actual or apparent </font><font style="font-family: Arial; font-size: 10pt;">conflict of interests</font>&nbsp;</li>
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<li style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: 108%; margin: 0pt 0pt 0pt 13.34pt; padding-left: 4.66pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">GUIDELINES FOR RELATIONSHIPS WITH PUBLIC </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">OFFICIALS</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">7.1.</font><font style="font: 7.0pt 'Times New Roman';"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">RELATIONSHIPS WITH PUBLIC </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">OFFICIALS</font><font style="display: none; font-family: 'Courier New'; font-size: 6.67pt; vertical-align: sub;"> </font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">relationship</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">with</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should</font><font style="font-family: Arial; font-size: 10pt;"> represent</font><font style="font-family: Arial; font-size: 10pt;"> the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">interest</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">based on</font><font style="font-family: Arial; font-size: 10pt;"> transpar</font><font style="font-family: Arial; font-size: 10pt;">ency</font><font style="font-family: Arial; font-size: 10pt;">, legali</font><font style="font-family: Arial; font-size: 10pt;">ty</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">legitimacy</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">and may occur in many</font><font style="font-family: Arial; font-size: 10pt;"> contexts:</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">Daily </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">Opera</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">tion</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">al</font><font style="font-family: Arial; font-size: 10pt;"> &#8211; </font><font style="font-family: Arial; font-size: 10pt;">contact</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">with a</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Public Officer</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">as</font><font style="font-family: Arial; font-size: 10pt;"> part</font><font style="font-family: Arial; font-size: 10pt;"> of </font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;"> daily operational</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">activity</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">A few nonexhaustive examples</font><font style="font-family: Arial; font-size: 10pt;">: </font><font style="font-family: Arial; font-size: 10pt;">counter </font><font style="font-family: Arial; font-size: 10pt;">contacts</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">at public agencies</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">customs clearance</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">inspections at highways</font><font style="font-family: Arial; font-size: 10pt;">, obt</font><font style="font-family: Arial; font-size: 10pt;">ain form</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">certi</font><font style="font-family: Arial; font-size: 10pt;">ficate</font><font style="font-family: Arial; font-size: 10pt;">s, </font><font style="font-family: Arial; font-size: 10pt;">notary office </font><font style="font-family: Arial; font-size: 10pt;">transa</font><font style="font-family: Arial; font-size: 10pt;">ction</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">Specific</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;"> </font><font style="font-family: Arial; font-size: 10pt;">&#8211; </font><font style="font-family: Arial; font-size: 10pt;">contact</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">with</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">through</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">representatives</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of a </font><font style="font-family: Arial; font-size: 10pt;">de</font><font style="font-family: Arial; font-size: 10pt;">fined</font><font style="font-family: Arial; font-size: 10pt;"> process. </font><font style="font-family: Arial; font-size: 10pt;">A few nonexhaustive examples</font><font style="font-family: Arial; font-size: 10pt;">: </font><font style="font-family: Arial; font-size: 10pt;">bidding</font><font style="font-family: Arial; font-size: 10pt;">, i</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;">pection</font><font style="font-family: Arial; font-size: 10pt;">s,</font><font style="font-family: Arial; font-size: 10pt;"> tax assessments</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">tax </font><font style="font-family: Arial; font-size: 10pt;">discuss</font><font style="font-family: Arial; font-size: 10pt;">ion</font><font style="font-family: Arial; font-size: 10pt;">s, </font><font style="font-family: Arial; font-size: 10pt;">obtain licenses</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">permit</font><font style="font-family: Arial; font-size: 10pt;">s, </font><font style="font-family: Arial; font-size: 10pt;">obt</font><font style="font-family: Arial; font-size: 10pt;">ain tax</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">incentiv</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">s, </font><font style="font-family: Arial; font-size: 10pt;">nego</font><font style="font-family: Arial; font-size: 10pt;">tiate </font><font style="font-family: Arial; font-size: 10pt;">conduct</font><font style="font-family: Arial; font-size: 10pt;"> adjustment agreements</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">Institut</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">ional</font><font style="font-family: Arial; font-size: 10pt;"> &#8211; </font><font style="font-family: Arial; font-size: 10pt;">contact</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">with</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">through </font><font style="font-family: Arial; font-size: 10pt;">interlocutors </font><font style="font-family: Arial; font-size: 10pt;">of </font><font style="font-family: Arial; font-size: 10pt;">regulat</font><font style="font-family: Arial; font-size: 10pt;">ory, governmental or specialized themes</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">A few nonexhaustive examples</font><font style="font-family: Arial; font-size: 10pt;">: regula</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">legislation</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">sectorial </font><font style="font-family: Arial; font-size: 10pt;">discuss</font><font style="font-family: Arial; font-size: 10pt;">ion</font><font style="font-family: Arial; font-size: 10pt;">s. </font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">I</font><font style="font-family: Arial; font-size: 10pt;">ntera</font><font style="font-family: Arial; font-size: 10pt;">ction</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> with</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should</font><font style="font-family: Arial; font-size: 10pt;"> respe</font><font style="font-family: Arial; font-size: 10pt;">ct this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;"> and the applicable laws</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">standards</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Specifically in relation to the institutional or specific contacts, the formal scheduling and the preparation of the meeting reports, previous comments, minutes or equivalent annotations are advisable to facilitate the recovery of the history of these contacts.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">R</font><font style="font-family: Arial; font-size: 10pt;">elationship</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> with</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">be made by person</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> qualified and trained </font><font style="font-family: Arial; font-size: 10pt;">pursuant to</font><font style="font-family: Arial; font-size: 10pt;"> this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">principle</font><font style="font-family: Arial; font-size: 10pt;">s o</font><font style="font-family: Arial; font-size: 10pt;">f the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code of Ethics</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">and should occur in professional</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">environment</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">at business hours, </font><font style="font-family: Arial; font-size: 10pt;">prefer</font><font style="font-family: Arial; font-size: 10pt;">ably with the</font><font style="font-family: Arial; font-size: 10pt;"> participa</font><font style="font-family: Arial; font-size: 10pt;">tion of more than one</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">representative</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">In the event of personal or social contacts with Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;">, professional issues of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">&#8217;s interest shall be avoided.</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">C</font><font style="font-family: Arial; font-size: 10pt;">om</font><font style="font-family: Arial; font-size: 10pt;">m</font><font style="font-family: Arial; font-size: 10pt;">unica</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> with </font><font style="font-family: Arial; font-size: 10pt;">Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">be made only through corporate communication mean</font><font style="font-family: Arial; font-size: 10pt;">s. </font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">If</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Public </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">Priva</font><font style="font-family: Arial; font-size: 10pt;">te </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">request</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">payments</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">Undue Advantage</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">violation</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of </font><font style="font-family: Arial; font-size: 10pt;">this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">they</font><font style="font-family: Arial; font-size: 10pt;"> must be immediately, expressly and clearly rejec</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">ed</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">the fact should be promptly </font><font style="font-family: Arial; font-size: 10pt;">co</font><font style="font-family: Arial; font-size: 10pt;">m</font><font style="font-family: Arial; font-size: 10pt;">munica</font><font style="font-family: Arial; font-size: 10pt;">te</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> t</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;"> the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">DRCA</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;"> the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">&#8217;s Open Channel</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
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<p style="font-size: 10pt; line-height: 107%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">7.2.</font><font style="font: 7.0pt 'Times New Roman';"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">RELATIONSHIP AIMING DISCUSSION OF LEGAL OR REGULATORY RULES</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Whenever it is in the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">interest</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to </font><font style="font-family: Arial; font-size: 10pt;">discu</font><font style="font-family: Arial; font-size: 10pt;">ss the </font><font style="font-family: Arial; font-size: 10pt;">edi</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">review of </font><font style="font-family: Arial; font-size: 10pt;">legal</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">regula</font><font style="font-family: Arial; font-size: 10pt;">tory standard, either with the Executive</font><font style="font-family: Arial; font-size: 10pt;">, Legislativ</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">Judici</font><font style="font-family: Arial; font-size: 10pt;">ary Branch</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">or with </font><font style="font-family: Arial; font-size: 10pt;">administrativ</font><font style="font-family: Arial; font-size: 10pt;">e authority</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">or with public</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">company</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">mixed-economy </font><font style="font-family: Arial; font-size: 10pt;">company, the positions and intentions</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">be stated in </font><font style="font-family: Arial; font-size: 10pt;">writing</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">on their own b</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">half, before duly authorized internal</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">agents</font><font style="font-family: Arial; font-size: 10pt;">, e</font><font style="font-family: Arial; font-size: 10pt;">ven when using External Representatives services upon their preparation and disclosure</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">When</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">uses a union</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">association</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">class </font><font style="font-family: Arial; font-size: 10pt;">entity</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">other</font><font style="font-family: Arial; font-size: 10pt;"> ent</font><font style="font-family: Arial; font-size: 10pt;">iti</font><font style="font-family: Arial; font-size: 10pt;">es </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> representa</font><font style="font-family: Arial; font-size: 10pt;">tion to which it is a part, the positions and intentions of Ultra Group should be stated to th</font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">t body following the same requirements mentioned above</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">N</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">payment</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">advisory </font><font style="font-family: Arial; font-size: 10pt;">service</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in the interaction aiming at </font><font style="font-family: Arial; font-size: 10pt;">discuss</font><font style="font-family: Arial; font-size: 10pt;">ing </font><font style="font-family: Arial; font-size: 10pt;">legal</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">regula</font><font style="font-family: Arial; font-size: 10pt;">tory standard can have a value </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">scope</font><font style="font-family: Arial; font-size: 10pt;"> incompat</font><font style="font-family: Arial; font-size: 10pt;">ible with the provision of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">services</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">which could cause a</font><font style="font-family: Arial; font-size: 10pt;"> percep</font><font style="font-family: Arial; font-size: 10pt;">tion that such value is intended to </font><font style="font-family: Arial; font-size: 10pt;">influenc</font><font style="font-family: Arial; font-size: 10pt;">e the edition</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">cancellation </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">change of th</font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">t standard, being forbidden </font><font style="font-family: Arial; font-size: 10pt;">payment</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of success fee</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">7.3.</font><font style="font: 7.0pt 'Times New Roman';"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">BID</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">DING</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;"> AND AGREEMENTS WITH THE PUBLIC ADMINISTRATION</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;"> </font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The participation in public bidding processes must comply with the guidelines of the Bidding and Administrative Agreements Law (as provided in the Chapter 13 hereof) and further applicable legislations. </font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">When taking part in a public bidding process, the Partners or Employees of Ultra Group as well as external individuals and legal entities acting on behalf or according to the interests of Ultra Group shall comply with the following:</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">not offering an </font><font style="font-family: Arial; font-size: 10pt;">Undue Advantage</font><font style="font-family: Arial; font-size: 10pt;">, directly or indirectly, to a Public Officer or a third party related to it</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">not simulating competition with other companies</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">not aiding preparing the bidding documentation as it is the responsibility of the contracting body. This aid also </font><font style="font-family: Arial; font-size: 10pt;">includes</font><font style="font-family: Arial; font-size: 10pt;"> comments to the drafts of the tender document (except concerning public consultation), basic designs, technical studies, reasons for dismissal, non-requirement of bid tender, adhesion to the register of price records or any informed purchase </font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">respecting the </font><font style="font-family: Arial; font-size: 10pt;">competitive</font><font style="font-family: Arial; font-size: 10pt;"> tendering</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">providing accurate information to current and potential customers about the products and services of Ultra Group</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">only when necessary, sharing technical documentation with current or potential customers through a corporate email or by using cloud platforms made available by Ultra Group</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">offering and selling to the current and potential customers only products and services of Ultra Group that really meet their actual needs</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The Employees, External Representatives and Business Partners of Ultra Group are the ones responsible for taking part in the public bidding, seeking new agreements or maintaining those already existing with the public administration as they have already undertaken training about the best practices and relations with Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">All the bidding processes or agreements entered with Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">must be registered and controlled by the Compliance Areas jointly with the respective Legal Areas and other applicable areas of the Business.</font></p>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">While dealing with Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in all the government spheres (federal, state and municipal), it is prohibited to undertake any illegal, unethical or immoral conduct, including but not limited to:</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">H</font><font style="font-family: Arial; font-size: 10pt;">amper or violate, through adjustment, combination</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">abstention</font><font style="font-family: Arial; font-size: 10pt;"> or otherwise, the competitive nature, or prevent, impact or violate the performance of any act related to the public bidding process</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Remove or seek to remove any offeror, by means of fraud or offer of any type of advantage</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Create, by means of fraud or unlawful means, legal entity to participate in the public bidding procedure or enter into an administrative agreement</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">O</font><font style="font-family: Arial; font-size: 10pt;">btain any unfair benefit, by means of fraud, from the amendments to </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">extensions of the agreements entered into with the public administration, not authorized by law, in the invitation to the public bidding process or in the respective contractual instruments</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Manipulate or defraud the economic-financial balance of agreements entered into with </font><font style="font-family: Arial; font-size: 10pt;">government</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">authorities.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">7.4.</font><font style="font: 7.0pt 'Times New Roman';"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">KIN RELATIONSHIPS WITH PUBLIC </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">OFFICIALS</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The Employees must inform the Compliance Area about any kinship or friendship with Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">whenever such condition may represent a conflict or potential conflict, either actual or </font><font style="font-family: Arial; font-size: 10pt;">potential</font><font style="font-family: Arial; font-size: 10pt;">, or if it risks any transaction undertaken by Ultra Group and its Business or even its reputation.&nbsp; </font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The Compliance Area must assess whether such kinship represents an actual or potential risk, guiding its Employees and making decisions, such as replacing the Employee involved in the conflicting transaction or cancelling said transaction, among other possible measures so that the kinship does not result in an actual or </font><font style="font-family: Arial; font-size: 10pt;">potential</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">conflict of interests or risk to the reputation of the Ultra Group.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Likewise, any Partner, External Representative or Business Partner must inform about this condition to the highest hierarchical level who works as their contact in the Ultra Group. Said contact must decide on whether or not the transaction shall be given a go and on retaining or replacing said Partner, External Representative or Business Partner in the transaction.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: 108%; margin: 0pt 0pt 8pt 13.34pt; padding-left: 4.66pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">PREVENTION OF</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;"> </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">MONEY LAUNDERING AND FINANCING OF TERRORISM</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Ultra Group is committed to adopt measures to mitigate the risks of being associated with operations involved in Money Laundering and Financing of Terrorism.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">In order to fight the corruption and the money laundering, Ultra Group must ensure that: </font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">a </font><font style="font-family: Arial; font-size: 10pt;">Background Check</font><font style="font-family: Arial; font-size: 10pt;"> with External Representatives, Business Partners, Suppliers and Service Providers be made under the terms hereof</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">the commercial conditions follow the market practices</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">the registration and identi</font><font style="font-family: Arial; font-size: 10pt;">fication</font><font style="font-family: Arial; font-size: 10pt;"> of the customers are maintained</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">every business conducted has been duly formalized and the agreed conditions have been recorded</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">there is proof that the products were delivered/received and/or that the services were rendered</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">the billing data meets the related negotiation data, which one may find on the orders or agreements entered</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">the transactions made are pursuant to the Corporate Policies of Ultra Group and the applicable legislation</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">eventual commercial or financial discounts, commissions, bonus and rewards granted for a justified reason, providing the tracking and rationale of the calculation, all according to the approval and monitoring controls for the areas</font></li>
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<li style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: 108%; margin: 0pt 0pt 8pt 13.34pt; padding-left: 4.66pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">TRAINING</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">DRCA</font><font style="font-family: Arial; font-size: 10pt;">, jointly with the Compliance Areas and the Holding L</font><font style="font-family: Arial; font-size: 10pt;">egal</font><font style="font-family: Arial; font-size: 10pt;"> Department, must set the </font><font style="font-family: Arial; font-size: 10pt;">periodicity</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">and content of the anticorruption training to be </font><font style="font-family: Arial; font-size: 10pt;">applied</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in Ultra Group. </font><font style="font-family: Arial; font-size: 10pt;">E</font><font style="font-family: Arial; font-size: 10pt;">very Employee must take part in said</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">recurrent</font><font style="font-family: Arial; font-size: 10pt;"> training. The Compliance Areas of the Business must ensure that their essential Employees, External Representatives and Business Partners take part in the training about the subjects provided in this Policy.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: 108%; margin: 0pt 0pt 0pt 18pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">RECORDS AND CONTROLS</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">10.1.</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">ACCOUNTING AND FINANCIAL RECORDS</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Ultra Group must maintain the accounting books and records with the due supporting documentation to fully and accurately reflect all its transactions.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">All and any financial transaction must be</font><font style="font-family: Arial; font-size: 10pt;"> entered with</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">accuracy</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">and timel</font><font style="font-family: Arial; font-size: 10pt;">iness</font><font style="font-family: Arial; font-size: 10pt;"> with sufficient data to inform the reality of the accounting records of Ultra Group and allow any party of interest to track all the payments made.</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">All the accounts of Ultra Group must be informed in its books and accounting records.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;"><br></font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">10.2.</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">INTERNAL AND FINANCIAL CONTROLS</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Ultra Group must maintain internal controls to ensure the prompt preparation and the reliability of financial reports and statements.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">This Policy will be regularly monitored by </font><font style="font-family: Arial; font-size: 10pt;">DRCA</font><font style="font-family: Arial; font-size: 10pt;">. The Compliance Areas must maintain the procedures required to ensure the compliance with the provisions hereof to stop and avoid any tort in its activities and business, such as errors, </font><font style="font-family: Arial; font-size: 10pt;">omissions</font><font style="font-family: Arial; font-size: 10pt;">, distortions and frauds in its accounting and tax practices, reports, notices to the market and other documents.&nbsp; &nbsp;&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<li style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">&nbsp; </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">ULTRA OPEN CHANNEL</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Ultra Group provides the Open Channel so that any</font><font style="font-family: Arial; font-size: 10pt;"> external or internal </font><font style="font-family: Arial; font-size: 10pt;">person</font><font style="font-family: Arial; font-size: 10pt;"> can clarify questions or report suspected violations of this Policy, as well as the Code of Ethics, other policies and internal rules, and the applicable legislation.</font></p>
<p style="margin: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Telephone</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">0800 701 7172</font></p>
<p style="margin: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Webs</font><font style="font-family: Arial; font-size: 10pt;">ite</font></p>
<p style="font-size: 11pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Calibri; font-size: 11pt;">www.canalabertoultra.com.br</font></p>
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<p style="margin: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Complaints or requests for guidance can be made anonymously, in order to protect the identity of the person who submitted them. It is prohibited to threat, intimidate or retaliate anyone who:</font></p>
<p style="margin: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="font-family: Arial; font-size: 10pt;">i. reports any breaches to this Policy or any other internal policy or rule or applicable legislation to the Ultra Group, and/or&nbsp; </font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">ii. state any doubts, suspicions or worries concerning the subject </font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The Channel is maintained by an independent company and every report is independently and </font><font style="font-family: Arial; font-size: 10pt;">diligently</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">assessed. </font></p>
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<li style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">SANCTIONS</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Ultra Group must maintain controls and constantly monitor itself in order to stop and avoid any misconduct towards the principles and guidelines set herein.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Any potential breach or failure to comply with the provisions hereof will be assessed by </font><font style="font-family: Arial; font-size: 10pt;">DRCA</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Besides the potential of resulting in great losses to Ultra Group, the failure to comply with the Anticorruption Laws may lead the breaching party to face criminal, civil and administrative penalties enforced by the authorities. Furthermore, the breaching party may face disciplinary measures as well, based on the applicable legislation, including verbal or formal warning, suspension and financial sanction. It may also lead to the breaching party being justifiably dismissed without prejudice to the adoption of further legal measures applicable.&nbsp; </font></p>
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<li style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">DOCUMENTS</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;"> AND RULES RELATED</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Besides this Policy, the issues provided herein are also the subject matter of the following guidelines and rules, which must also be complied with by anyone subject to this Policy:</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">The Ultra Group Code of Ethics and other Ultra Group Corporate Policies, as applicable</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Law No. 12.846/2013 (Anticorruption Law)</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Decree No. 8.420/2015</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Administrative Misconduct Law &#8211; No. 8.429/1992</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Conflicts of Interest Law &#8211; No. 12.813/2013</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Bidding and</font><font style="font-family: Arial; font-size: 10pt;"> Administrative Agreements Law &#8211; No. 8.666/1993 and No. 14.133/2021)</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Brazilian Criminal Code and other Brazilian criminal laws</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Federal Administration Code of Conduct</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 8pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">United States Foreign Corrupt Practices Act (FCPA)</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Ultra Group may be subject to the laws and regulations applicable and in force in the places it also operates.</font></p>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">EXHIBIT</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;"> I &#8211; </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">GLOSSARY</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;"> </font></p>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">For the purposes of this Policy:</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&#8220;Public </font><font style="font-family: Arial; font-size: 10pt;">Official</font><font style="font-family: Arial; font-size: 10pt;">&#8221;: for the purposes of this Policy, any Brazilian or foreigner person who is part of the structure of any of the three branches, state government or foreign government or a third party related to said institutions by means of election, appointment, contracting or any other kind of investiture or related to, with powers, holding a position, being employed or undertaking any duties in the direct or indirect administration, vested with powers to represent a public body, be it an employee, manager, holder of a position or candidate to an elective position or from a political </font><font style="font-family: Arial; font-size: 10pt;">party. It may also define whoever temporarily or without compensation holds a position, is employed or undertakes any public duties in bodies, regulatory agencies and government entities (including state banks and companies, sovereign wealth funds and public universities) or any person working with the diplomatic representation of Brazil or any other foreign country as well in legal entities directly or indirectly controlled by the Brazilian or foreign government or even in Brazilian or international public organizations (including but not limited to UN, World Bank or IMF). The Public </font><font style="font-family: Arial; font-size: 10pt;">Official</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">also means any person acting as an officer before the abovementioned entities, including the private advisor that also holds a position, acts on behalf of a governmental body or with a public international organization, or with a company owned or controlled by a governmental body. It includes all the candidates for public office as well as political parties. A &#8220;Public </font><font style="font-family: Arial; font-size: 10pt;">Official</font><font style="font-family: Arial; font-size: 10pt;">&#8221; is also a candidate for public office.</font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">&#8220;</font><font style="font-family: Arial; font-size: 10pt;">Business Legal Department(s)</font><font style="font-family: Arial; font-size: 10pt;">&#8221;: </font><font style="font-family: Arial; font-size: 10pt;">legal areas of each Ultra&#8217;s Business</font><font style="font-family: Arial; font-size: 10pt;">. </font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&#8220;</font><font style="font-family: Arial; font-size: 10pt;">Compliance Area(s)</font><font style="font-family: Arial; font-size: 10pt;">&#8221;: </font><font style="font-family: Arial; font-size: 10pt;">Business Compliance Area(s)</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">to support the execution of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group&#8217;s </font><font style="font-family: Arial; font-size: 10pt;">Compliance and Ethics Program</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">with functional report to</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Risk, Compliance and Audit </font><font style="font-family: Arial; font-size: 10pt;">Department</font><font style="font-family: Arial; font-size: 10pt;">. </font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&#8220;Open Channel&#8221; or &#8220;Ultra Open Channel&#8221;: Ultra Group's institutional channel to clarify any doubts and worries, requests for guidance and to receive any complaints. The anonymity is guaranteed. The channel is managed by a specialized company contracted by Ultra Group. </font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&#8220;Code of Ethics&#8221;: Code of Ethics of Ultra Group.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&#8220;Employee(s)&#8221;: member(s) of the Board of Executive Officers, the Board of Directors and the</font><font style="font-family: Arial; font-size: 10pt;">ir Committees, Advisory Councils,</font><font style="font-family: Arial; font-size: 10pt;"> Fiscal Council,</font><font style="font-family: Arial; font-size: 10pt;"> full-time and part-time</font><font style="font-family: Arial; font-size: 10pt;"> employee(s), intern(s) (as per the Internship Law &#8211; Law 11.788/2008) and young apprentice(s) (as per the Apprenticeship Law 10.097/2000).</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">&#8220;</font><font style="font-family: Arial; font-size: 10pt;">Holding </font><font style="font-family: Arial; font-size: 10pt;">L</font><font style="font-family: Arial; font-size: 10pt;">egal</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Department</font><font style="font-family: Arial; font-size: 10pt;">&#8221;: </font><font style="font-family: Arial; font-size: 10pt;">Ultrapar&#8217;s Legal Department</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&#8220;R</font><font style="font-family: Arial; font-size: 10pt;">isk, Compliance and Audit </font><font style="font-family: Arial; font-size: 10pt;">Department</font><font style="font-family: Arial; font-size: 10pt;">&#8221; or &#8220;</font><font style="font-family: Arial; font-size: 10pt;">DRCA</font><font style="font-family: Arial; font-size: 10pt;">&#8221;: Ultrapar&#8217;s Risk, Compliance and Audit </font><font style="font-family: Arial; font-size: 10pt;">Department</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> responsible for managing Ultra&#8217;s </font><font style="font-family: Arial; font-size: 10pt;">Compliance and Ethics Program</font><font style="font-family: Arial; font-size: 10pt;"> and reporting to the Board of Directors, through the Conduct Committee.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&#8220;</font><font style="font-family: Arial; font-size: 10pt;">Former Public </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;">&#8221;: </font><font style="font-family: Arial; font-size: 10pt;">whoever has been a Public </font><font style="font-family: Arial; font-size: 10pt;">Official</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in the last 5 (five) years.</font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">&#8220;Financing of Terrorism&#8221;: directly or indirectly providing financial support with the intent of being entirely or partially used &#8212; or knowing beforehand that they will be used &#8212; by terrorist groups for terrorist acts.</font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&#8220;Supplier(s) and Service Provider(s)&#8221;: suppliers and service providers (except for those service providers already included in the definition &#8220;External Representative(s)&#8221;).</font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&#8220;Inside Information&#8221;: the one </font><font style="font-family: Arial; font-size: 10pt;">concerning</font><font style="font-family: Arial; font-size: 10pt;"> secret or pertaining subjects related to the decision-making process undertaken by the Executive, Legislative or Judiciary Branch and that has an economic or financial consequences and that has not been disclosed to the general public.</font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&#8220;</font><font style="font-family: Arial; font-size: 10pt;">Money </font><font style="font-family: Arial; font-size: 10pt;">L</font><font style="font-family: Arial; font-size: 10pt;">aundering</font><font style="font-family: Arial; font-size: 10pt;">&#8221;: money laundry</font><font style="font-family: Arial; font-size: 10pt;"> crime is typified in Brazil as the concealment or disguise of nature, origin, location, arrangement, operation, or ownership of assets, rights or values arising, directly or indirectly, from a criminal offense.</font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&#8220;</font><font style="font-family: Arial; font-size: 10pt;">Anticorruption Laws</font><font style="font-family: Arial; font-size: 10pt;">&#8221;: </font><font style="font-family: Arial; font-size: 10pt;">are the laws and regulations set forth in Chapter 13 of this Policy.&nbsp;</font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&#8220;</font><font style="font-family: Arial; font-size: 10pt;">Business</font><font style="font-family: Arial; font-size: 10pt;">&#8221;: </font><font style="font-family: Arial; font-size: 10pt;">corporations directly or indirectly controlled, in Brazil and abroad, by Ultra Group.</font><font style="font-family: Arial; font-size: 10pt;">&nbsp; </font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&#8220;</font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;">&#8221;: </font><font style="font-family: Arial; font-size: 10pt;">Corporate Policy Anticorruption and of Relationship with the Public and Private Sector</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">. </font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&#8220;</font><font style="font-family: Arial; font-size: 10pt;">Background Check</font><font style="font-family: Arial; font-size: 10pt;">&#8221;: a combination of survey and research in public databases as well as questionnaires to identify any kind of reputational history that may represent a risk to Ultra Group or expose it. </font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">"</font><font style="font-family: Arial; font-size: 10pt;">Red Flags</font><font style="font-family: Arial; font-size: 10pt;">": any fact or circumstance that indicates or suggests any act of corruption or violation of this Policy.&nbsp;</font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&#8220;</font><font style="font-family: Arial; font-size: 10pt;">Partner</font><font style="font-family: Arial; font-size: 10pt;">(s)</font><font style="font-family: Arial; font-size: 10pt;">&#8221;: </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group shareholder(s)</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">who may come to speak in</font><font style="font-family: Arial; font-size: 10pt;"> Ultra Group&#8217;s </font><font style="font-family: Arial; font-size: 10pt;">name</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&#8220;External Representative(s)&#8221;: means the individual(s) or entity(ies) representing the interests or acting on behalf of the Ultra Group, regardless of any proxy or agreement, including, but not limited to, advisors, consultants, accountants, intermediary parties, lawyers and brokers, among others.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&#8220;Influence Peddling&#8221;: requesting, demanding, charging or obtaining for itself or for another party an advantage or promise of advantage to influence how a public officer acts while undertaking their duties.&nbsp; </font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&#8220;Ultrapar&#8221;</font><font style="font-family: Arial; font-size: 10pt;"> o</font><font style="font-family: Arial; font-size: 10pt;">r</font><font style="font-family: Arial; font-size: 10pt;"> &#8220;Holding&#8221;</font><font style="font-family: Arial; font-size: 10pt;">: Ultrapar Participa&#231;&#245;es S.A., </font><font style="font-family: Arial; font-size: 10pt;">publicly traded corporation</font><font style="font-family: Arial; font-size: 10pt;">. </font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&#8220;</font><font style="font-family: Arial; font-size: 10pt;">Undue</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Advantage(s)&#8221;: advantage not supported by a legal or regulatory provision that could authorized the interested party or advantage promised or granted in order to convince the Public or Private Officer to do something or </font><font style="font-family: Arial; font-size: 10pt;">refraining</font><font style="font-family: Arial; font-size: 10pt;"> from doing anything, representing a breach of their duties or trustiness for the position. As it is a wide term, the </font><font style="font-family: Arial; font-size: 10pt;">Undue Advantage</font><font style="font-family: Arial; font-size: 10pt;"> may include any item (tangible or intangible asset) with an equity value or not, including but not limited to cash, gifts, travel, hospitality, entertainment, donations, among others, with the purpose of influencing the actions of </font><font style="font-family: Arial; font-size: 10pt;">P</font><font style="font-family: Arial; font-size: 10pt;">ublic or </font><font style="font-family: Arial; font-size: 10pt;">P</font><font style="font-family: Arial; font-size: 10pt;">rivate </font><font style="font-family: Arial; font-size: 10pt;">Officials</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<div style="margin: 0pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="Ba2_7TMLPJPL0000000000000000000000" class="customBookmark"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">CODE OF ETHICS</font></a></div>
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<p style="font-size: 10pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Mes</font><font style="font-family: Arial; font-size: 10pt;">sage</font><font style="font-family: Arial; font-size: 10pt;"> from the leadership</font></p>
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<p style="font-size: 10pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Over 80 years we have built one of the largest corporation</font><font style="font-family: Arial; font-size: 10pt;">s o</font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;"> B</font><font style="font-family: Arial; font-size: 10pt;">razil</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">always observing ethics and </font><font style="font-family: Arial; font-size: 10pt;">transparency</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in the search for our goals, developing our</font><font style="font-family: Arial; font-size: 10pt;"> interna</font><font style="font-family: Arial; font-size: 10pt;">l and </font><font style="font-family: Arial; font-size: 10pt;">externa</font><font style="font-family: Arial; font-size: 10pt;">l relations with</font><font style="font-family: Arial; font-size: 10pt;"> integri</font><font style="font-family: Arial; font-size: 10pt;">ty and </font><font style="font-family: Arial; font-size: 10pt;">respe</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">t,</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">contribu</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">in</font><font style="font-family: Arial; font-size: 10pt;">g t</font><font style="font-family: Arial; font-size: 10pt;">o </font><font style="font-family: Arial; font-size: 10pt;">the growth and well-being of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> co</font><font style="font-family: Arial; font-size: 10pt;">m</font><font style="font-family: Arial; font-size: 10pt;">muni</font><font style="font-family: Arial; font-size: 10pt;">ti</font><font style="font-family: Arial; font-size: 10pt;">es. </font></p>
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<p style="font-size: 10pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Aiming at </font><font style="font-family: Arial; font-size: 10pt;">ma</font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">nt</font><font style="font-family: Arial; font-size: 10pt;">aining our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">credibili</font><font style="font-family: Arial; font-size: 10pt;">ty</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">reputation</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">continu</font><font style="font-family: Arial; font-size: 10pt;">ing to</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">be successful in our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">business</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">we must have this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code of Ethics</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">as</font><font style="font-family: Arial; font-size: 10pt;"> base</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to all of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">decisions</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">ction</font><font style="font-family: Arial; font-size: 10pt;">s. </font><font style="font-family: Arial; font-size: 10pt;">All the individuals of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Company</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">are not only responsible for their own actions, but for </font><font style="font-family: Arial; font-size: 10pt;">promo</font><font style="font-family: Arial; font-size: 10pt;">ting </font><font style="font-family: Arial; font-size: 10pt;">a cultur</font><font style="font-family: Arial; font-size: 10pt;">e in</font><font style="font-family: Arial; font-size: 10pt;"> conformi</font><font style="font-family: Arial; font-size: 10pt;">ty with our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code of Ethics and applicable laws</font><font style="font-family: Arial; font-size: 10pt;">. &#8203; </font></p>
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<p style="font-size: 10pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">In this new</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">review</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code of Ethics</font><font style="font-family: Arial; font-size: 10pt;"> reaf</font><font style="font-family: Arial; font-size: 10pt;">firms the reli</font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">bility on</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">employees</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">partners</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">suppliers</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">customers</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">external representatives</font><font style="font-family: Arial; font-size: 10pt;"> to</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">ma</font><font style="font-family: Arial; font-size: 10pt;">k</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> correct</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">decisions</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in view of ethical </font><font style="font-family: Arial; font-size: 10pt;">dilem</font><font style="font-family: Arial; font-size: 10pt;">m</font><font style="font-family: Arial; font-size: 10pt;">as</font><font style="font-family: Arial; font-size: 10pt;"> that could arise from</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">activities</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">Herein you</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">will find </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> and instructions</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">that will support you in choosing the correct path to follow</font><font style="font-family: Arial; font-size: 10pt;">. </font></p>
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<p style="font-size: 10pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Open Channel</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">is also accessible,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">at any time</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">to clear doubts and </font><font style="font-family: Arial; font-size: 10pt;">recei</font><font style="font-family: Arial; font-size: 10pt;">v</font><font style="font-family: Arial; font-size: 10pt;">e su</font><font style="font-family: Arial; font-size: 10pt;">g</font><font style="font-family: Arial; font-size: 10pt;">gest</font><font style="font-family: Arial; font-size: 10pt;">ion</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">re</font><font style="font-family: Arial; font-size: 10pt;">port</font><font style="font-family: Arial; font-size: 10pt;">s, inclu</font><font style="font-family: Arial; font-size: 10pt;">ding anonymously, of</font><font style="font-family: Arial; font-size: 10pt;"> viola</font><font style="font-family: Arial; font-size: 10pt;">tions of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Company</font><font style="font-family: Arial; font-size: 10pt;">&#8217;s Policies and </font><font style="font-family: Arial; font-size: 10pt;">applicable legislation</font><font style="font-family: Arial; font-size: 10pt;">. </font></p>
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<p style="font-size: 10pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Thank you for helping to build the</font><font style="font-family: Arial; font-size: 10pt;"> futur</font><font style="font-family: Arial; font-size: 10pt;">e </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;"> Ultra. </font><font style="font-family: Arial; font-size: 10pt;">We rely on</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">you</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to ensure the</font><font style="font-family: Arial; font-size: 10pt;"> integri</font><font style="font-family: Arial; font-size: 10pt;">ty</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Company</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in all daily </font><font style="font-family: Arial; font-size: 10pt;">activities</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">at</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">itudes.</font></p>
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<p style="font-size: 10pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">Chairman of the </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">Board of Directors</font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">Ultrapar </font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">CEO</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;"> </font></p>
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<p style="font-size: 10pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">INTRODUCTION</font></p>
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<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">is</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">committed to ethics</font><font style="font-family: Arial; font-size: 10pt;">, integri</font><font style="font-family: Arial; font-size: 10pt;">ty</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">transparency</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in all its</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">business</font><font style="font-family: Arial; font-size: 10pt;">es</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">at all levels of </font><font style="font-family: Arial; font-size: 10pt;">relationship</font><font style="font-family: Arial; font-size: 10pt;">. The</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">responsibility</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">for the compliance is shared among everyone, including </font><font style="font-family: Arial; font-size: 10pt;">Senior Management</font><font style="font-family: Arial; font-size: 10pt;">, irrespective of position or </font><font style="font-family: Arial; font-size: 10pt;">fun</font><font style="font-family: Arial; font-size: 10pt;">ction</font><font style="font-family: Arial; font-size: 10pt;">.&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code of Ethics</font><font style="font-family: Arial; font-size: 10pt;"> (&#8220;</font><font style="font-family: Arial; font-size: 10pt;">Code</font><font style="font-family: Arial; font-size: 10pt;">&#8221;)</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">is</font><font style="font-family: Arial; font-size: 10pt;"> p</font><font style="font-family: Arial; font-size: 10pt;">u</font><font style="font-family: Arial; font-size: 10pt;">blic</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">ac</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">ess</font><font style="font-family: Arial; font-size: 10pt;">ible by any person</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">company</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">regardless of the type of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">relationship</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">with</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">its</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">It </font><font style="font-family: Arial; font-size: 10pt;">ap</font><font style="font-family: Arial; font-size: 10pt;">p</font><font style="font-family: Arial; font-size: 10pt;">li</font><font style="font-family: Arial; font-size: 10pt;">es to </font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">ll </font><font style="font-family: Arial; font-size: 10pt;">m</font><font style="font-family: Arial; font-size: 10pt;">anage</font><font style="font-family: Arial; font-size: 10pt;">rs</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">employees</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">without </font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">xceptions</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">n B</font><font style="font-family: Arial; font-size: 10pt;">razil and </font><font style="font-family: Arial; font-size: 10pt;">abroad</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">The adherence to the Code is mandatory</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">formalize</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> by the acceptance agreement</font><font style="font-family: Arial; font-size: 10pt;">. </font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The provisions of this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">shall also</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">guide the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">conduct</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of all</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">external representatives</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">business partners</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">customers</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">suppliers</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">service providers</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">as well as of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">any individual or legal entity operating in the direct or indirect</font><font style="font-family: Arial; font-size: 10pt;"> interes</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">benefit</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of its</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">subsidiaries</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Along the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">we will </font><font style="font-family: Arial; font-size: 10pt;">present</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">conduct</font><font style="font-family: Arial; font-size: 10pt;"> recommendations</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">on </font><font style="font-family: Arial; font-size: 10pt;">Laws</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">Internal Policies</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">as well as</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">information</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">about</font><font style="font-family: Arial; font-size: 10pt;"> ac</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">ess</font><font style="font-family: Arial; font-size: 10pt;"> t</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;"> the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">channels</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in order to clear doubts</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">report </font><font style="font-family: Arial; font-size: 10pt;">situa</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> that run counter to the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code of Ethics</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;">fer</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">training</font><font style="font-family: Arial; font-size: 10pt;"> o</font><font style="font-family: Arial; font-size: 10pt;">n the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code of Ethics and </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Compliance Program</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">Each person is</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">responsible for </font><font style="font-family: Arial; font-size: 10pt;">di</font><font style="font-family: Arial; font-size: 10pt;">sclosing</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">multipl</font><font style="font-family: Arial; font-size: 10pt;">y</font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">ng the content of this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code</font><font style="font-family: Arial; font-size: 10pt;">, foment</font><font style="font-family: Arial; font-size: 10pt;">ing the ethical</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">and integrity </font><font style="font-family: Arial; font-size: 10pt;">cultur</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">To learn more about the themes addressed by the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code of Ethics</font><font style="font-family: Arial; font-size: 10pt;"> and</font><font style="font-family: Arial; font-size: 10pt;"> the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Ethic and Compliance Program</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">if you need guidance in connection with any theme</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">situation</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">please contact the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Open Channel</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">your</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Compliance area</font><font style="font-family: Arial; font-size: 10pt;">. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">ETHICS</font><font style="font-family: Arial; font-size: 10pt; font-weight: bold;"> IN MANAGEMENT</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">EQUITY AND DIVERSITY</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We treat all of our relationship public on fair </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">equita</font><font style="font-family: Arial; font-size: 10pt;">ble m</font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">nner</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">we disapprove all</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;"> discrimina</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">undue </font><font style="font-family: Arial; font-size: 10pt;">favor</font><font style="font-family: Arial; font-size: 10pt;">itism to</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> pe</font><font style="font-family: Arial; font-size: 10pt;">rson</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">company</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We encourage </font><font style="font-family: Arial; font-size: 10pt;">diversi</font><font style="font-family: Arial; font-size: 10pt;">ty</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">we do </font><font style="font-family: Arial; font-size: 10pt;">no</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">toler</font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">te</font><font style="font-family: Arial; font-size: 10pt;">, under no circumstance, </font><font style="font-family: Arial; font-size: 10pt;">discrimina</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">pre</font><font style="font-family: Arial; font-size: 10pt;">judice of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">nature</font><font style="font-family: Arial; font-size: 10pt;">, e</font><font style="font-family: Arial; font-size: 10pt;">ither of gender</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> ra</font><font style="font-family: Arial; font-size: 10pt;">ce</font><font style="font-family: Arial; font-size: 10pt;">, religi</font><font style="font-family: Arial; font-size: 10pt;">on</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">age</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">political </font><font style="font-family: Arial; font-size: 10pt;">convic</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> marital status</font><font style="font-family: Arial; font-size: 10pt;">, sexual</font><font style="font-family: Arial; font-size: 10pt;"> orientation</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">handicap</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">place of birth</font><font style="font-family: Arial; font-size: 10pt;">, social</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">class, am</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">ng other</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">TRANSPARENCY AND RESPONSIBILITY</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We a</font><font style="font-family: Arial; font-size: 10pt;">do</font><font style="font-family: Arial; font-size: 10pt;">p</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;"> procedure</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">that ensure that </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">public will be duly</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">informe</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> ab</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">ut </font><font style="font-family: Arial; font-size: 10pt;">relevant</font><font style="font-family: Arial; font-size: 10pt;"> aspect</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">activities</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">so that</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">communications</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">information</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">are true, clear</font><font style="font-family: Arial; font-size: 10pt;">, a</font><font style="font-family: Arial; font-size: 10pt;">ppropriate </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">timely</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We are concerned about the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">consequences </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> a</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">ts, </font><font style="font-family: Arial; font-size: 10pt;">weighing the effects of </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> a</font><font style="font-family: Arial; font-size: 10pt;">ction</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">on the</font><font style="font-family: Arial; font-size: 10pt;"> socie</font><font style="font-family: Arial; font-size: 10pt;">ty</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">external representatives</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">ourselves before </font><font style="font-family: Arial; font-size: 10pt;">proceeding</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">C</font><font style="font-family: Arial; font-size: 10pt;">OMPLIANCE WITH LAWS</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We comply with all </font><font style="font-family: Arial; font-size: 10pt;">laws</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">regulation</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">f the countries where we</font><font style="font-family: Arial; font-size: 10pt;"> o</font><font style="font-family: Arial; font-size: 10pt;">perate</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We do not</font><font style="font-family: Arial; font-size: 10pt;"> tolera</font><font style="font-family: Arial; font-size: 10pt;">te</font><font style="font-family: Arial; font-size: 10pt;"> corrup</font><font style="font-family: Arial; font-size: 10pt;">tion, fraud</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">bidding</font><font style="font-family: Arial; font-size: 10pt;"> processes</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">public agreement</font><font style="font-family: Arial; font-size: 10pt;">s, </font><font style="font-family: Arial; font-size: 10pt;">anti-competitive</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">practices </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> o</font><font style="font-family: Arial; font-size: 10pt;">ther illegal</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">conduct</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">including</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">without</font><font style="font-family: Arial; font-size: 10pt;"> limita</font><font style="font-family: Arial; font-size: 10pt;">tion, those provided for in the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Anticorruption Law</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Criminal </font><font style="font-family: Arial; font-size: 10pt;">Legisla</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;">, Improbi</font><font style="font-family: Arial; font-size: 10pt;">ty Law</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Competition </font><font style="font-family: Arial; font-size: 10pt;">Law</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Bidding</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Law </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">U.S. Foreign Corrupt Practices Act</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We adopt risk</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">management</font><font style="font-family: Arial; font-size: 10pt;"> processes</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">internal controls</font><font style="font-family: Arial; font-size: 10pt;">, inclu</font><font style="font-family: Arial; font-size: 10pt;">ding </font><font style="font-family: Arial; font-size: 10pt;">financ</font><font style="font-family: Arial; font-size: 10pt;">ial</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">accounting</font><font style="font-family: Arial; font-size: 10pt;">, audit, </font><font style="font-family: Arial; font-size: 10pt;">information</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">security </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">anticorruption</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">co</font><font style="font-family: Arial; font-size: 10pt;">mpetitive controls</font><font style="font-family: Arial; font-size: 10pt;">, in</font><font style="font-family: Arial; font-size: 10pt;">tended to</font><font style="font-family: Arial; font-size: 10pt;"> monitor</font><font style="font-family: Arial; font-size: 10pt;"> the compliance with standards</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">p</font><font style="font-family: Arial; font-size: 10pt;">reven</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">urb illegal acts</font><font style="font-family: Arial; font-size: 10pt;"> (</font><font style="font-family: Arial; font-size: 10pt;">such </font><font style="font-family: Arial; font-size: 10pt;">as corrup</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">bribery, fraud</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">influence peddling</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">undue exchange of</font><font style="font-family: Arial; font-size: 10pt;"> favors</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">money laundering</font><font style="font-family: Arial; font-size: 10pt;">).</font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">SUSTAINABLE DEVELOPMENT AND HSE</font><font style="font-family: Arial; font-size: 10pt;"> &#8211; </font><font style="font-family: Arial; font-size: 10pt;">Health, Safety and Environment</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">W</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> are aware </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">f the </font><font style="font-family: Arial; font-size: 10pt;">poss</font><font style="font-family: Arial; font-size: 10pt;">ible</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">environmental </font><font style="font-family: Arial; font-size: 10pt;">impact</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">business</font><font style="font-family: Arial; font-size: 10pt;">. A</font><font style="font-family: Arial; font-size: 10pt;">ccordingly</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">we </font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">arry </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">ut</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">business</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">with</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">responsibility</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">integrity, always committed to the sustainable </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">rat</font><font style="font-family: Arial; font-size: 10pt;">ional </font><font style="font-family: Arial; font-size: 10pt;">use of natural re</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;">ources</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We develop</font><font style="font-family: Arial; font-size: 10pt;"> mec</font><font style="font-family: Arial; font-size: 10pt;">hanism</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">that</font><font style="font-family: Arial; font-size: 10pt;"> maximize</font><font style="font-family: Arial; font-size: 10pt;"> energy efficiency</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">contribu</font><font style="font-family: Arial; font-size: 10pt;">te to the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">sustainable development</font><font style="font-family: Arial; font-size: 10pt;"> o</font><font style="font-family: Arial; font-size: 10pt;">f </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">business</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">the regions where we operate</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Any environmental </font><font style="font-family: Arial; font-size: 10pt;">impacts </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">activities</font><font style="font-family: Arial; font-size: 10pt;"> are</font><font style="font-family: Arial; font-size: 10pt;"> monitor</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> thr</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">ugh integrated management </font><font style="font-family: Arial; font-size: 10pt;">policies</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> processes</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">systems</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">HSE </font><font style="font-family: Arial; font-size: 10pt;">&#8211; </font><font style="font-family: Arial; font-size: 10pt;">Health, Safety and Environment</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We operate with</font><font style="font-family: Arial; font-size: 10pt;"> transparen</font><font style="font-family: Arial; font-size: 10pt;">cy</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">social</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">inclusi</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;"> in the regions where the business</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">activities</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;"> are carried out</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">through community </font><font style="font-family: Arial; font-size: 10pt;">relationship</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">programs</font><font style="font-family: Arial; font-size: 10pt;">, promo</font><font style="font-family: Arial; font-size: 10pt;">ting development</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;"> the areas surrounding</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">operations</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We seek sustainable </font><font style="font-family: Arial; font-size: 10pt;">enga</font><font style="font-family: Arial; font-size: 10pt;">ge</font><font style="font-family: Arial; font-size: 10pt;">ment</font><font style="font-family: Arial; font-size: 10pt;"> in all the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">business</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">, systematically reviewing </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">activities</font><font style="font-family: Arial; font-size: 10pt;">, investin</font><font style="font-family: Arial; font-size: 10pt;">g in sustainable improvements</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">ado</font><font style="font-family: Arial; font-size: 10pt;">pting measures aligned with the Environmental, Social and Governance - </font><font style="font-family: Arial; font-size: 10pt;">E</font><font style="font-family: Arial; font-size: 10pt;">SG </font><font style="font-family: Arial; font-size: 10pt;">practices</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 18pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">ETHICS IN RELATIONSHIPS</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">SHAREHOLDERS AND</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">INVESTORS</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We adopt</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">policies and practices</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">that</font><font style="font-family: Arial; font-size: 10pt;"> promo</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> alignment between the interest</font><font style="font-family: Arial; font-size: 10pt;">s o</font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">shareholders</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">investors</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">administrators</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">and the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">interest</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<p style="margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We m</font><font style="font-family: Arial; font-size: 10pt;">onitor</font><font style="font-family: Arial; font-size: 10pt;"> the occurrence of any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">conflicts of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">interest</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">tr</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">t </font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">he</font><font style="font-family: Arial; font-size: 10pt;">m</font><font style="font-family: Arial; font-size: 10pt;"> with</font><font style="font-family: Arial; font-size: 10pt;"> obje</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">tivi</font><font style="font-family: Arial; font-size: 10pt;">ty</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">soundness</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">impar</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">iali</font><font style="font-family: Arial; font-size: 10pt;">ty</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">in line with </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Corporate</font><font style="font-family: Arial; font-size: 10pt;"> Policy</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Conflict of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Interest</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">Related-Party Transactions</font><font style="font-family: Arial; font-size: 10pt;">. </font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We follow the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Corporate</font><font style="font-family: Arial; font-size: 10pt;"> Policy</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Material </font><font style="font-family: Arial; font-size: 10pt;">Notice Disclosure Policy and Securities Trading Policy</font><font style="font-family: Arial; font-size: 10pt;">, which sets out rules for disclosure of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">information</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;"> the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">market</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">procedure</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">to prevent the use of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">information</font><font style="font-family: Arial; font-size: 10pt;"> no</font><font style="font-family: Arial; font-size: 10pt;">t disclosed to the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">public </font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">r own</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">benefit</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in the trading of securities</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We adopt</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">appropriate</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">transparent</font><font style="font-family: Arial; font-size: 10pt;"> daily </font><font style="font-family: Arial; font-size: 10pt;">communication</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">practices</font><font style="font-family: Arial; font-size: 10pt;"> with </font><font style="font-family: Arial; font-size: 10pt;">analy</font><font style="font-family: Arial; font-size: 10pt;">sts, </font><font style="font-family: Arial; font-size: 10pt;">investors</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">other stakeholder</font><font style="font-family: Arial; font-size: 10pt;">s, </font><font style="font-family: Arial; font-size: 10pt;">seeking to keep them</font><font style="font-family: Arial; font-size: 10pt;"> inform</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">activities</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">business</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">results.</font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt;"><img src="imga6a01a9c8ed74c2e81b0.jpg" alt="Graphics"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">E</font><font style="font-family: Arial; font-size: 10pt;">MPLOYEES</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We adopt</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">policies and practices</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">aimed at providing to</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">employees</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">dignified</font><font style="font-family: Arial; font-size: 10pt;">, healthy and motivating work conditions, free from embarrassment</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> t</font><font style="font-family: Arial; font-size: 10pt;">ype of prejudice</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">disc</font><font style="font-family: Arial; font-size: 10pt;">rimina</font><font style="font-family: Arial; font-size: 10pt;">tion. This conduct shall </font><font style="font-family: Arial; font-size: 10pt;">also</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">apply to the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">public with which we relate</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We r</font><font style="font-family: Arial; font-size: 10pt;">espe</font><font style="font-family: Arial; font-size: 10pt;">ct the </font><font style="font-family: Arial; font-size: 10pt;">human</font><font style="font-family: Arial; font-size: 10pt;"> rights</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">promote a work environment of </font><font style="font-family: Arial; font-size: 10pt;">divers</font><font style="font-family: Arial; font-size: 10pt;">ity</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">inclusio</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">we do not tolerate any type of </font><font style="font-family: Arial; font-size: 10pt;">pre</font><font style="font-family: Arial; font-size: 10pt;">judice</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">discrimina</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">either of race, gender, religion, age, marital status, </font><font style="font-family: Arial; font-size: 10pt;">sexual</font><font style="font-family: Arial; font-size: 10pt;"> orientation</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">place of birth, political conviction, </font><font style="font-family: Arial; font-size: 10pt;">social</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">class </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">handicap</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We promote</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> human</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">prof</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">ssional </font><font style="font-family: Arial; font-size: 10pt;">development of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">employees</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">We encourage</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">promote</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">the individuals b</font><font style="font-family: Arial; font-size: 10pt;">as</font><font style="font-family: Arial; font-size: 10pt;">ed on their performance</font><font style="font-family: Arial; font-size: 10pt;">, qualifica</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">behavior in line with the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">interest</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">princ</font><font style="font-family: Arial; font-size: 10pt;">iple</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">of the organization, pursuant t</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;"> criteria of assessment, requirements of the position</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">equal </font><font style="font-family: Arial; font-size: 10pt;">op</font><font style="font-family: Arial; font-size: 10pt;">p</font><font style="font-family: Arial; font-size: 10pt;">ortuni</font><font style="font-family: Arial; font-size: 10pt;">ti</font><font style="font-family: Arial; font-size: 10pt;">es</font><font style="font-family: Arial; font-size: 10pt;">. </font></li>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We respect</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">the right t</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;"> free union association </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">we </font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">omply with union conventions and collective agreements</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We respect</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">the freedom of </font><font style="font-family: Arial; font-size: 10pt;">associa</font><font style="font-family: Arial; font-size: 10pt;">tion with </font><font style="font-family: Arial; font-size: 10pt;">socia</font><font style="font-family: Arial; font-size: 10pt;">l and </font><font style="font-family: Arial; font-size: 10pt;">pol</font><font style="font-family: Arial; font-size: 10pt;">itical movements </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">with other </font><font style="font-family: Arial; font-size: 10pt;">entities</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">provided that</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">they do not conflict with their jobs</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">observe the current </font><font style="font-family: Arial; font-size: 10pt;">laws</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We encourage </font><font style="font-family: Arial; font-size: 10pt;">diversi</font><font style="font-family: Arial; font-size: 10pt;">ty in</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> re</font><font style="font-family: Arial; font-size: 10pt;">lationship</font><font style="font-family: Arial; font-size: 10pt;">s, </font><font style="font-family: Arial; font-size: 10pt;">act</font><font style="font-family: Arial; font-size: 10pt;">ively</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">promo</font><font style="font-family: Arial; font-size: 10pt;">ting the right to difference</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">contribu</font><font style="font-family: Arial; font-size: 10pt;">ting to an environment</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">where people may act in conformity with</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">their </font><font style="font-family: Arial; font-size: 10pt;">individua</font><font style="font-family: Arial; font-size: 10pt;">l value</font><font style="font-family: Arial; font-size: 10pt;">s, </font><font style="font-family: Arial; font-size: 10pt;">without prejudice to the values </font><font style="font-family: Arial; font-size: 10pt;">of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We adopt actions of prevention and fight </font><font style="font-family: Arial; font-size: 10pt;">against </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> t</font><font style="font-family: Arial; font-size: 10pt;">ype of di</font><font style="font-family: Arial; font-size: 10pt;">srespe</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">t, </font><font style="font-family: Arial; font-size: 10pt;">harassment</font><font style="font-family: Arial; font-size: 10pt;">, o</font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;">fens</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">prejudice</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;">iscrimination</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">we do not</font><font style="font-family: Arial; font-size: 10pt;"> tolera</font><font style="font-family: Arial; font-size: 10pt;">te this kind of actions</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">All the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">employees</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">shoul</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> assume the</font><font style="font-family: Arial; font-size: 10pt;"> com</font><font style="font-family: Arial; font-size: 10pt;">mitment to prevent and avoid this kind of behavior</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">We encourage</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">employees to report these situations to the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Open Channel</font><font style="font-family: Arial; font-size: 10pt;">. </font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Likewise, we do not tolerate</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">n </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">in</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">scope of operation, </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">we adopt</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">practices</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to prevent</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">fight every </font><font style="font-family: Arial; font-size: 10pt;">form</font><font style="font-family: Arial; font-size: 10pt;"> of undignified </font><font style="font-family: Arial; font-size: 10pt;">labor</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">such as</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">forced labor, child labor, slavery or analogous to slavery</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We maintain an</font><font style="font-family: Arial; font-size: 10pt;"> exce</font><font style="font-family: Arial; font-size: 10pt;">l</font><font style="font-family: Arial; font-size: 10pt;">lent image</font><font style="font-family: Arial; font-size: 10pt;"> of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">company</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in the </font><font style="font-family: Arial; font-size: 10pt;">real</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">virtual</font><font style="font-family: Arial; font-size: 10pt;"> world</font><font style="font-family: Arial; font-size: 10pt;">. A</font><font style="font-family: Arial; font-size: 10pt;">ccordingly</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">all the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">employees</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should adopt a conduct that does not run counter the values </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">reputation</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">even outside the working hours</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">and/or</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">work </font><font style="font-family: Arial; font-size: 10pt;">environment</font><font style="font-family: Arial; font-size: 10pt;">. </font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">CUSTOMERS AND</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">CONSUMERS</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Our </font><font style="font-family: Arial; font-size: 10pt;">purpose</font><font style="font-family: Arial; font-size: 10pt;"> is to</font><font style="font-family: Arial; font-size: 10pt;"> identif</font><font style="font-family: Arial; font-size: 10pt;">y</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">cover the needs</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">interest</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">customers and consumers</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We adopt</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">practices</font><font style="font-family: Arial; font-size: 10pt;"> of</font><font style="font-family: Arial; font-size: 10pt;"> identifica</font><font style="font-family: Arial; font-size: 10pt;">tion of the needs</font><font style="font-family: Arial; font-size: 10pt;">, expectati</font><font style="font-family: Arial; font-size: 10pt;">on</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">opini</font><font style="font-family: Arial; font-size: 10pt;">on</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">customers and consumers</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">aiming at the improvement of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">product</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">services</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We seek to maintain ethical</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> transparent,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">integral</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">long-lasting relationships with </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">customers and consumers</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We do not adopt </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> marketing, publici</font><font style="font-family: Arial; font-size: 10pt;">ty</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">sales </font><font style="font-family: Arial; font-size: 10pt;">strategy that might</font><font style="font-family: Arial; font-size: 10pt;"> deceive </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">customers</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">consumers</font><font style="font-family: Arial; font-size: 10pt;"> in relation to the</font><font style="font-family: Arial; font-size: 10pt;"> quali</font><font style="font-family: Arial; font-size: 10pt;">ty, purpose</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">pr</font><font style="font-family: Arial; font-size: 10pt;">ic</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">product</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">services</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">The practice of illegal or unethical acts is not accepted</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">EXTERNAL REPRESENTATIVES</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We seek to ensure that third parties that </font><font style="font-family: Arial; font-size: 10pt;">represent</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">act on behalf of</font><font style="font-family: Arial; font-size: 10pt;"> Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;"> it respecting </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">values</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">Corporate</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policies and </font><font style="font-family: Arial; font-size: 10pt;">governance practices</font><font style="font-family: Arial; font-size: 10pt;">. </font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We do not use</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">external representatives</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to dis</font><font style="font-family: Arial; font-size: 10pt;">simula</font><font style="font-family: Arial; font-size: 10pt;">te illegal or unethical</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">practices</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We do not hire </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">ma</font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">nt</font><font style="font-family: Arial; font-size: 10pt;">ain</font><font style="font-family: Arial; font-size: 10pt;"> re</font><font style="font-family: Arial; font-size: 10pt;">lationship</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">with</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">external representatives</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">presenting </font><font style="font-family: Arial; font-size: 10pt;">conducts</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">behaviors that run counter to the principle</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">of this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">BUSINESS PARTNERS</font><font style="font-family: Arial; font-size: 10pt;"> (</font><font style="font-family: Arial; font-size: 10pt;">DISTRIBUTORS</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">RESELLERS AND</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">COMMERCIAL REPRESENTATIVES</font><font style="font-family: Arial; font-size: 10pt;">) </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We seek to ensure in </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">partnership</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> continui</font><font style="font-family: Arial; font-size: 10pt;">ty of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">values</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">business</font><font style="font-family: Arial; font-size: 10pt;"> practices</font><font style="font-family: Arial; font-size: 10pt;">. </font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We seek to ensure that </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">partners</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">will follow the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">principle</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">of this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Corporate</font><font style="font-family: Arial; font-size: 10pt;"> Policies</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">reflecting on sustainabl</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> ba</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;">is the way we carry out</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">business</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We did not start neither maintain </font><font style="font-family: Arial; font-size: 10pt;">relationship</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">with</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">partners</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">presenting </font><font style="font-family: Arial; font-size: 10pt;">conducts</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">or behaviors that run counter to the principles of this Code</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We seek in </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">partners</font><font style="font-family: Arial; font-size: 10pt;"> a </font><font style="font-family: Arial; font-size: 10pt;">good </font><font style="font-family: Arial; font-size: 10pt;">co</font><font style="font-family: Arial; font-size: 10pt;">m</font><font style="font-family: Arial; font-size: 10pt;">mercial</font><font style="font-family: Arial; font-size: 10pt;"> practice</font><font style="font-family: Arial; font-size: 10pt;">, integri</font><font style="font-family: Arial; font-size: 10pt;">ty in the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">management</font><font style="font-family: Arial; font-size: 10pt;"> of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">business</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">social and environmental commitment</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We do not </font><font style="font-family: Arial; font-size: 10pt;">inter</font><font style="font-family: Arial; font-size: 10pt;">fere </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">close deals that may affect the </font><font style="font-family: Arial; font-size: 10pt;">independ</font><font style="font-family: Arial; font-size: 10pt;">ence of </font><font style="font-family: Arial; font-size: 10pt;">distributors</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">resellers</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">in compliance with the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of the </font><font style="font-family: Arial; font-size: 10pt;">Corporate</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Competition </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">S</font><font style="font-family: Arial; font-size: 10pt;">UPPLIERS AND SERVICE CONTRACTORS</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We s</font><font style="font-family: Arial; font-size: 10pt;">elec</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">qualified </font><font style="font-family: Arial; font-size: 10pt;">suppliers</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">service providers</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">which may properly meet the </font><font style="font-family: Arial; font-size: 10pt;">interest</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">The hiring of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">suppliers</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">service providers</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should consider solely the needs </font><font style="font-family: Arial; font-size: 10pt;">of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">without </font><font style="font-family: Arial; font-size: 10pt;">conflict of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">interest</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We maintain selection</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">policies and practices</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">that </font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">nsure </font><font style="font-family: Arial; font-size: 10pt;">transparent, </font><font style="font-family: Arial; font-size: 10pt;">impe</font><font style="font-family: Arial; font-size: 10pt;">r</font><font style="font-family: Arial; font-size: 10pt;">so</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">l</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> technical</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">honest</font><font style="font-family: Arial; font-size: 10pt;"> and</font><font style="font-family: Arial; font-size: 10pt;"> fair</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">processes for all the ones involved and, therefore, without improper favoritism of a</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">supplier</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">service provider</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to the </font><font style="font-family: Arial; font-size: 10pt;">detriment</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">f others</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We seek to ensure that</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">suppliers</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">service providers</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">will follow the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">principle</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">of this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Corporate</font><font style="font-family: Arial; font-size: 10pt;"> Policies</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">suppliers</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">service providers</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should carry out their</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">business</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in conformity with</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">principle</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">of this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">with applicable </font><font style="font-family: Arial; font-size: 10pt;">anticorruption</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">competition</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">environment</font><font style="font-family: Arial; font-size: 10pt;"> protection laws</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We do not tolerate</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> form</font><font style="font-family: Arial; font-size: 10pt;"> of undignified or forced labor, child labor, slavery or analogous to slavery in </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">supply chain, </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">practices</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">that </font><font style="font-family: Arial; font-size: 10pt;">caus</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> environm</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">ntal damages.</font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">C</font><font style="font-family: Arial; font-size: 10pt;">OMPETITORS</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We adopt</font><font style="font-family: Arial; font-size: 10pt;"> a </font><font style="font-family: Arial; font-size: 10pt;">Corporate Competition Policy</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">which sets out </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to curb </font><font style="font-family: Arial; font-size: 10pt;">conducts</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">against the economic </font><font style="font-family: Arial; font-size: 10pt;">orde</font><font style="font-family: Arial; font-size: 10pt;">r in future </font><font style="font-family: Arial; font-size: 10pt;">co</font><font style="font-family: Arial; font-size: 10pt;">m</font><font style="font-family: Arial; font-size: 10pt;">mercia</font><font style="font-family: Arial; font-size: 10pt;">l practices</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">corporate </font><font style="font-family: Arial; font-size: 10pt;">relations</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">We are</font><font style="font-family: Arial; font-size: 10pt;"> com</font><font style="font-family: Arial; font-size: 10pt;">mitted to protecting </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">preserv</font><font style="font-family: Arial; font-size: 10pt;">ing </font><font style="font-family: Arial; font-size: 10pt;">principle</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">that should govern the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">market</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">like free initiative, free</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">competition</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">consumer defense, among other</font><font style="font-family: Arial; font-size: 10pt;">. </font></li>
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<p style="margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We respect our competitors</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
</ul>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We do not share</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">information</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">that might </font><font style="font-family: Arial; font-size: 10pt;">af</font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;"> free</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">competition</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
</ul>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We c</font><font style="font-family: Arial; font-size: 10pt;">ompet</font><font style="font-family: Arial; font-size: 10pt;">e on ethical basis</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">observing the competition and antitrust </font><font style="font-family: Arial; font-size: 10pt;">legisla</font><font style="font-family: Arial; font-size: 10pt;">tion. We do not </font><font style="font-family: Arial; font-size: 10pt;">form</font><font style="font-family: Arial; font-size: 10pt;"> neither </font><font style="font-family: Arial; font-size: 10pt;">participa</font><font style="font-family: Arial; font-size: 10pt;">te in </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> t</font><font style="font-family: Arial; font-size: 10pt;">ype of</font><font style="font-family: Arial; font-size: 10pt;"> cartel.</font><font style="font-family: Arial; font-size: 10pt;"> We do not sign commercial agreements with</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">competitors</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">with the aim to </font><font style="font-family: Arial; font-size: 10pt;">combin</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> pr</font><font style="font-family: Arial; font-size: 10pt;">ic</font><font style="font-family: Arial; font-size: 10pt;">es, </font><font style="font-family: Arial; font-size: 10pt;">profit </font><font style="font-family: Arial; font-size: 10pt;">marg</font><font style="font-family: Arial; font-size: 10pt;">in</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">divid</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">customers</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">market</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;">, or</font><font style="font-family: Arial; font-size: 10pt;"> to</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">r</font><font style="font-family: Arial; font-size: 10pt;">estrict </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">somehow </font><font style="font-family: Arial; font-size: 10pt;">impact</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">competition</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We do not accept that</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">professionals</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">get i</font><font style="font-family: Arial; font-size: 10pt;">nvolv</font><font style="font-family: Arial; font-size: 10pt;">ed in </font><font style="font-family: Arial; font-size: 10pt;">anti-competitive</font><font style="font-family: Arial; font-size: 10pt;"> practices</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">MEDIA</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We maintain a</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">relationship</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">with the media </font><font style="font-family: Arial; font-size: 10pt;">based</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">on </font><font style="font-family: Arial; font-size: 10pt;">impart</font><font style="font-family: Arial; font-size: 10pt;">iali</font><font style="font-family: Arial; font-size: 10pt;">ty</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">on tru</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">, clear, appropriate and timely</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">information</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Upon </font><font style="font-family: Arial; font-size: 10pt;">participa</font><font style="font-family: Arial; font-size: 10pt;">tion in </font><font style="font-family: Arial; font-size: 10pt;">virtua</font><font style="font-family: Arial; font-size: 10pt;">l commun</font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">tie</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">discuss</font><font style="font-family: Arial; font-size: 10pt;">ion forums</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">we seek to follow the </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code</font><font style="font-family: Arial; font-size: 10pt;">, ado</font><font style="font-family: Arial; font-size: 10pt;">p</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">ing </font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">n ethical and i</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;">tegral conduct. We </font><font style="font-family: Arial; font-size: 10pt;">do</font><font style="font-family: Arial; font-size: 10pt;"> not link the </font><font style="font-family: Arial; font-size: 10pt;">communications</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">personal </font><font style="font-family: Arial; font-size: 10pt;">opini</font><font style="font-family: Arial; font-size: 10pt;">on</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">made in such</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">environment</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> t</font><font style="font-family: Arial; font-size: 10pt;">o </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">it</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">Business</font><font style="font-family: Arial; font-size: 10pt;">. </font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">S</font><font style="font-family: Arial; font-size: 10pt;">OCIAL NETWORKS</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We do not </font><font style="font-family: Arial; font-size: 10pt;">discus</font><font style="font-family: Arial; font-size: 10pt;">s restricted</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">confiden</font><font style="font-family: Arial; font-size: 10pt;">tial matters </font><font style="font-family: Arial; font-size: 10pt;">of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">its</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">social networks</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We encourage ethical, safe</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">legal</font><font style="font-family: Arial; font-size: 10pt;"> use of </font><font style="font-family: Arial; font-size: 10pt;">communication</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">intera</font><font style="font-family: Arial; font-size: 10pt;">ction technologies</font><font style="font-family: Arial; font-size: 10pt;">, inclu</font><font style="font-family: Arial; font-size: 10pt;">ding</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">social networks</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">We reject the use of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">social networks</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">by</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">employees</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">to make offenses and perpetrate illegal and unethical acts</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">or acts that run counter to the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">conducts</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">established in this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code of Ethics</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">We a</font><font style="font-family: Arial; font-size: 10pt;">lso</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">recom</font><font style="font-family: Arial; font-size: 10pt;">m</font><font style="font-family: Arial; font-size: 10pt;">end</font><font style="font-family: Arial; font-size: 10pt;"> discretion </font><font style="font-family: Arial; font-size: 10pt;">and</font><font style="font-family: Arial; font-size: 10pt;"> good judgment in </font><font style="font-family: Arial; font-size: 10pt;">social networks</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">always </font><font style="font-family: Arial; font-size: 10pt;">intera</font><font style="font-family: Arial; font-size: 10pt;">cting with others on a </font><font style="font-family: Arial; font-size: 10pt;">legal</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">respe</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">ful way</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
</ul>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We strengthen the use of caution when posting on </font><font style="font-family: Arial; font-size: 10pt;">social networks</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">when posting unauthorized mess</font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">ges or images about</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">A posting may be </font><font style="font-family: Arial; font-size: 10pt;">inadequa</font><font style="font-family: Arial; font-size: 10pt;">te</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">give rise to mis</font><font style="font-family: Arial; font-size: 10pt;">interpreta</font><font style="font-family: Arial; font-size: 10pt;">tion, i</font><font style="font-family: Arial; font-size: 10pt;">nvolv</font><font style="font-family: Arial; font-size: 10pt;">ing</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> brands</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">reputation</font><font style="font-family: Arial; font-size: 10pt;">, a</font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;">fe</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">ing the value </font><font style="font-family: Arial; font-size: 10pt;">of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
</ul>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We care for sensitive</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">personal data</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">employees</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">suppliers</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">customers</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">competitors</font><font style="font-family: Arial; font-size: 10pt;">, prote</font><font style="font-family: Arial; font-size: 10pt;">cting their</font><font style="font-family: Arial; font-size: 10pt;"> privac</font><font style="font-family: Arial; font-size: 10pt;">y</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">we do not make verbal or written </font><font style="font-family: Arial; font-size: 10pt;">declara</font><font style="font-family: Arial; font-size: 10pt;">tions that might affect their</font><font style="font-family: Arial; font-size: 10pt;"> image</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">contribu</font><font style="font-family: Arial; font-size: 10pt;">te to the</font><font style="font-family: Arial; font-size: 10pt;"> di</font><font style="font-family: Arial; font-size: 10pt;">ssemination of rumors involving them, who should always be treated with respect</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">R</font><font style="font-family: Arial; font-size: 10pt;">ELATION WITH THE GOVERNMENT</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We adopt</font><font style="font-family: Arial; font-size: 10pt;"> corporat</font><font style="font-family: Arial; font-size: 10pt;">e policies and practices</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to ensure that</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">relations</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">partnership</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">business</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">with public bodies</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">companies</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">employees</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">representatives</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">at all levels, are based on honesty</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">transparency and responsibility</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">W</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> manage</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">business</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">without ideological</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">p</font><font style="font-family: Arial; font-size: 10pt;">olitical influence</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">we promote</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">an</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">environment</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">free from</font><font style="font-family: Arial; font-size: 10pt;"> irregulari</font><font style="font-family: Arial; font-size: 10pt;">ti</font><font style="font-family: Arial; font-size: 10pt;">es</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We do not offer or yield to </font><font style="font-family: Arial; font-size: 10pt;">improper </font><font style="font-family: Arial; font-size: 10pt;">requests </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">advantage</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">nature</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">The rules for</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">relationship</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">with the Public Power are</font><font style="font-family: Arial; font-size: 10pt;"> descri</font><font style="font-family: Arial; font-size: 10pt;">bed in </font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">he</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Corporate Anticorruption Policy and Relationship with the Public and Private Sector</font><font style="font-family: Arial; font-size: 10pt;">. </font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">CLASS ENTITIES AND ASSOCIATIONS</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We recognize the</font><font style="font-family: Arial; font-size: 10pt;"> import</font><font style="font-family: Arial; font-size: 10pt;">ance of the role of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">entities</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">trade </font><font style="font-family: Arial; font-size: 10pt;">associa</font><font style="font-family: Arial; font-size: 10pt;">tions in the</font><font style="font-family: Arial; font-size: 10pt;"> econom</font><font style="font-family: Arial; font-size: 10pt;">y</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">promo</font><font style="font-family: Arial; font-size: 10pt;">tion of discussion</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;"> the</font><font style="font-family: Arial; font-size: 10pt;"> respectiv</font><font style="font-family: Arial; font-size: 10pt;">e </font><font style="font-family: Arial; font-size: 10pt;">se</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">tors </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> representa</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We respect</font><font style="font-family: Arial; font-size: 10pt;"> the</font><font style="font-family: Arial; font-size: 10pt;"> autonom</font><font style="font-family: Arial; font-size: 10pt;">y of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">entities</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">trade </font><font style="font-family: Arial; font-size: 10pt;">associa</font><font style="font-family: Arial; font-size: 10pt;">tions</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">we support their initiatives, always in compliance with the </font><font style="font-family: Arial; font-size: 10pt;">lega</font><font style="font-family: Arial; font-size: 10pt;">l</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">regulat</font><font style="font-family: Arial; font-size: 10pt;">ory principles </font><font style="font-family: Arial; font-size: 10pt;">of this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Corporate</font><font style="font-family: Arial; font-size: 10pt;"> Policies</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">WORK ENVIRONMENT </font><font style="font-family: Arial; font-size: 10pt;">ETHICS</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">PROFESSIONAL EXCELLENCE</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We perform </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">work with </font><font style="font-family: Arial; font-size: 10pt;">dedica</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">responsibility</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">We always seek to do our best</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We </font><font style="font-family: Arial; font-size: 10pt;">have </font><font style="font-family: Arial; font-size: 10pt;">respect</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">for </font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">ll people, without</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">type of</font><font style="font-family: Arial; font-size: 10pt;"> d</font><font style="font-family: Arial; font-size: 10pt;">iscrimination</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">prejudice</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We learn from </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> mistakes</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">try our best not to </font><font style="font-family: Arial; font-size: 10pt;">repe</font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;"> them. We accept cr</font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">ticism </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">try to learn from it</font><font style="font-family: Arial; font-size: 10pt;">. </font></li>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We give reasoned</font><font style="font-family: Arial; font-size: 10pt;">, respectful and professional </font><font style="font-family: Arial; font-size: 10pt;">opini</font><font style="font-family: Arial; font-size: 10pt;">on</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">cr</font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">tic</font><font style="font-family: Arial; font-size: 10pt;">ism</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">in the </font><font style="font-family: Arial; font-size: 10pt;">interest</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We care for tangible and intangible resources, </font><font style="font-family: Arial; font-size: 10pt;">inte</font><font style="font-family: Arial; font-size: 10pt;">l</font><font style="font-family: Arial; font-size: 10pt;">lectual</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">property </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">premises</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">CONFLICTS OF INTEREST</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We follow the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Corporate</font><font style="font-family: Arial; font-size: 10pt;"> Policy</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">for</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Conflict of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Interest</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">Related</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Party Transactions</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">which</font><font style="font-family: Arial; font-size: 10pt;"> promo</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">transparency</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">independ</font><font style="font-family: Arial; font-size: 10pt;">ence in the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">relations</font><font style="font-family: Arial; font-size: 10pt;">hips</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">betwe</font><font style="font-family: Arial; font-size: 10pt;">en </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">its</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">related parties</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We avoid situations</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">that</font><font style="font-family: Arial; font-size: 10pt;"> represent</font><font style="font-family: Arial; font-size: 10pt;"> actual or apparent </font><font style="font-family: Arial; font-size: 10pt;">confli</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">ts</font><font style="font-family: Arial; font-size: 10pt;"> between personal</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">interest</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">interest</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">, a</font><font style="font-family: Arial; font-size: 10pt;">cting on impartial, ethical </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">honest</font><font style="font-family: Arial; font-size: 10pt;"> b</font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">sis</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">condu</font><font style="font-family: Arial; font-size: 10pt;">cting </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">professional </font><font style="font-family: Arial; font-size: 10pt;">activities</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in </font><font style="font-family: Arial; font-size: 10pt;">benefit</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Business</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We seek to ensure that no</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">improper advantage</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">is directly or indirectly provided to</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">employees</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">to individuals from their family </font><font style="font-family: Arial; font-size: 10pt;">relations</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We seek to ensure that</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">related</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">part</font><font style="font-family: Arial; font-size: 10pt;">y</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">transactions will be carried out on equitable basis, without </font><font style="font-family: Arial; font-size: 10pt;">participa</font><font style="font-family: Arial; font-size: 10pt;">tion of the ones involved in the internal decision-making</font><font style="font-family: Arial; font-size: 10pt;"> process</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">UNDUE</font><font style="font-family: Arial; font-size: 10pt;"> ADVANTAGES OR BENEFITS</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We follow the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Corporate Anticorruption Policy and Relationship with the Public and Private Sector</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">and</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">accordingly</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">we do not tolerate</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">that </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">employees</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">hird parties perpetrate acts of corruption with public or private</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">agents</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We never promise, receive, request or accept</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">improper </font><font style="font-family: Arial; font-size: 10pt;">advantages or benefits</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">activities</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">either in the public or private </font><font style="font-family: Arial; font-size: 10pt;">se</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">tor</font><font style="font-family: Arial; font-size: 10pt;">. </font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We do n</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">t use confidential or insider</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">information</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to obtain undue profit, for own</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">benefit</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">or for benefit of third parties</font><font style="font-family: Arial; font-size: 10pt;"> or</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">external representatives</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We do not ask neither accept, for own </font><font style="font-family: Arial; font-size: 10pt;">benefit</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">b</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">nefit of third parties</font><font style="font-family: Arial; font-size: 10pt;">, pa</font><font style="font-family: Arial; font-size: 10pt;">yment</font><font style="font-family: Arial; font-size: 10pt;">s, incentiv</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">s, financ</font><font style="font-family: Arial; font-size: 10pt;">ial </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">no</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">undue </font><font style="font-family: Arial; font-size: 10pt;">benefits</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">nature</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">from</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">customers</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">business partners</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">suppliers</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">service providers</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">third parties to perform their</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">activities</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">at</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We do not request jobs</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">benefits</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">for relative</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">friends in </font><font style="font-family: Arial; font-size: 10pt;">companies</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">customers</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">external representatives</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">business partners</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">suppliers</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">service providers</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">PROTECTION OF THE COMPANY&#8217;S ASSETS AND RESOURCES</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We care for the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">integrity of goods</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">sse</font><font style="font-family: Arial; font-size: 10pt;">ts</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;">or</font><font style="font-family: Arial; font-size: 10pt;"> their responsible use, in order to prevent damages</font><font style="font-family: Arial; font-size: 10pt;">, misuse</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">waste of resources</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">as well as</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">mis</font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">ppropriation of goods and assets</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Good</font><font style="font-family: Arial; font-size: 10pt;">s, </font><font style="font-family: Arial; font-size: 10pt;">equipment</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">premises of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">companies</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">are </font><font style="font-family: Arial; font-size: 10pt;">destin</font><font style="font-family: Arial; font-size: 10pt;">ed solely for the performance of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">its</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">business</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">W</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> care for the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">equipment</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">proper use of the assets </font><font style="font-family: Arial; font-size: 10pt;">of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">inclu</font><font style="font-family: Arial; font-size: 10pt;">ding the ones provided </font><font style="font-family: Arial; font-size: 10pt;">for the performance of functions by the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">employees</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We use corporate</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">equipment</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">for private affairs</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">on</font><font style="font-family: Arial; font-size: 10pt;"> modera</font><font style="font-family: Arial; font-size: 10pt;">te basis, not affecting the </font><font style="font-family: Arial; font-size: 10pt;">produ</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">tivi</font><font style="font-family: Arial; font-size: 10pt;">ty of the work, data security</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">provided that</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">using common sense, within the legal boundaries, in compliance with ethical and moral </font><font style="font-family: Arial; font-size: 10pt;">principle</font><font style="font-family: Arial; font-size: 10pt;">s.</font></li>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Mobile devices</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> e-mails, </font><font style="font-family: Arial; font-size: 10pt;">corporate </font><font style="font-family: Arial; font-size: 10pt;">programs</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">systems</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">as well as</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">the c</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">ntent contained or transited in the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">equipment</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">corporat</font><font style="font-family: Arial; font-size: 10pt;">e networks are the property of</font><font style="font-family: Arial; font-size: 10pt;"> Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">may be</font><font style="font-family: Arial; font-size: 10pt;"> monitor</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> at its sole discreti</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;">. </font></li>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Under no circumstance</font><font style="font-family: Arial; font-size: 10pt;"> do we share personal passwords of access t</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">equipment</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">and/or</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">systems</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">All files </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">information</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">created, received, </font><font style="font-family: Arial; font-size: 10pt;">transit</font><font style="font-family: Arial; font-size: 10pt;">ed</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;">iled in the electronic </font><font style="font-family: Arial; font-size: 10pt;">systems</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">in its corporate</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">equipment</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">are the property of </font><font style="font-family: Arial; font-size: 10pt;">Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">should be</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">classifi</font><font style="font-family: Arial; font-size: 10pt;">ed </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">tr</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">at</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> acc</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">rding to applicable </font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;">tandards. Management</font><font style="font-family: Arial; font-size: 10pt;"> processes</font><font style="font-family: Arial; font-size: 10pt;">, proje</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">ts</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">product</font><font style="font-family: Arial; font-size: 10pt;"> formulas</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">are </font><font style="font-family: Arial; font-size: 10pt;">inte</font><font style="font-family: Arial; font-size: 10pt;">l</font><font style="font-family: Arial; font-size: 10pt;">lectua</font><font style="font-family: Arial; font-size: 10pt;">l propertie</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">should be</font><font style="font-family: Arial; font-size: 10pt;"> tr</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">at</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> as</font><font style="font-family: Arial; font-size: 10pt;"> confiden</font><font style="font-family: Arial; font-size: 10pt;">tial, and cannot be shared without</font><font style="font-family: Arial; font-size: 10pt;"> formal</font><font style="font-family: Arial; font-size: 10pt;"> authorization</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">INFORMATION SECURITY AND DATA PROTECTION</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We </font><font style="font-family: Arial; font-size: 10pt;">comply with </font><font style="font-family: Arial; font-size: 10pt;">Brazilian </font><font style="font-family: Arial; font-size: 10pt;">laws</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">standards on</font><font style="font-family: Arial; font-size: 10pt;"> privac</font><font style="font-family: Arial; font-size: 10pt;">y</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">personal data</font><font style="font-family: Arial; font-size: 10pt;"> protection</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">including</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">General </font><font style="font-family: Arial; font-size: 10pt;">Law</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">on </font><font style="font-family: Arial; font-size: 10pt;">Personal Data</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Protection </font><font style="font-family: Arial; font-size: 10pt;">&#8211; LGPD.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Due to the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">activities</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">employees</font><font style="font-family: Arial; font-size: 10pt;"> have access to a series of confidential </font><font style="font-family: Arial; font-size: 10pt;">information</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">documents</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">physical </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">ele</font><font style="font-family: Arial; font-size: 10pt;">ctronic. All </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">information</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">including</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">personal data</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">sensitive </font><font style="font-family: Arial; font-size: 10pt;">personal data</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">nd </font><font style="font-family: Arial; font-size: 10pt;">documents</font><font style="font-family: Arial; font-size: 10pt;"> rela</font><font style="font-family: Arial; font-size: 10pt;">ted to the a</font><font style="font-family: Arial; font-size: 10pt;">ctivities</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">it</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">customers</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">poten</font><font style="font-family: Arial; font-size: 10pt;">tial</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">customers</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">should be</font><font style="font-family: Arial; font-size: 10pt;"> tr</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">at</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> on</font><font style="font-family: Arial; font-size: 10pt;"> confiden</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">ial</font><font style="font-family: Arial; font-size: 10pt;"> basis</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We protect every</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">information</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">document</font><font style="font-family: Arial; font-size: 10pt;"> to which we have access</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">we do not disclose them to</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">employees</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">third parties who do not need that</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">information</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to perform their work</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">It is everyone&#8217;s duty to prevent unauthorized access to </font><font style="font-family: Arial; font-size: 10pt;">information</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">as well as</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">accidental or illegal </font><font style="font-family: Arial; font-size: 10pt;">situations</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of </font><font style="font-family: Arial; font-size: 10pt;">destru</font><font style="font-family: Arial; font-size: 10pt;">ction</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">loss or change of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">information</font><font style="font-family: Arial; font-size: 10pt;">. </font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We follow the </font><font style="font-family: Arial; font-size: 10pt;">Corporate</font><font style="font-family: Arial; font-size: 10pt;"> Policy</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> Privac</font><font style="font-family: Arial; font-size: 10pt;">y</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">Personal Data</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Protection which </font><font style="font-family: Arial; font-size: 10pt;">implement</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">direc</font><font style="font-family: Arial; font-size: 10pt;">ts to good</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">practices</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">ensures proper</font><font style="font-family: Arial; font-size: 10pt;"> tr</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">atment</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">personal data</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">by everyone</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We respect</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">data </font><font style="font-family: Arial; font-size: 10pt;">privac</font><font style="font-family: Arial; font-size: 10pt;">y of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">employees</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">customers</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">business </font><font style="font-family: Arial; font-size: 10pt;">partners</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">suppliers</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">service providers</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">as well as</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">their right</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">over their data</font><font style="font-family: Arial; font-size: 10pt;">. </font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We are</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">aware that the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">mail received or sent through </font><font style="font-family: Arial; font-size: 10pt;">equipment</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">systems</font><font style="font-family: Arial; font-size: 10pt;"> is the property of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Accordingly,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;"> reserv</font><font style="font-family: Arial; font-size: 10pt;">es the right to</font><font style="font-family: Arial; font-size: 10pt;"> inspec</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">monitor</font><font style="font-family: Arial; font-size: 10pt;"> the use of </font><font style="font-family: Arial; font-size: 10pt;">information</font><font style="font-family: Arial; font-size: 10pt;"> systems</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">as well as</font><font style="font-family: Arial; font-size: 10pt;"> a</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">cess </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">file</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">document</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">mes</font><font style="font-family: Arial; font-size: 10pt;">sage</font><font style="font-family: Arial; font-size: 10pt;"> that is filed</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">and/or</font><font style="font-family: Arial; font-size: 10pt;"> process</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> in</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">technology </font><font style="font-family: Arial; font-size: 10pt;">environment</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">GIFTS, ENTERTAINMENT AND HOSPITALITY</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">In</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> commercial</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">relations</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">we avoid </font><font style="font-family: Arial; font-size: 10pt;">situations</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of actual or </font><font style="font-family: Arial; font-size: 10pt;">potential</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">conflicts of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">interest</font><font style="font-family: Arial; font-size: 10pt;">. Accordingly, we do not accept any gift</font><font style="font-family: Arial; font-size: 10pt;">, present, ent</font><font style="font-family: Arial; font-size: 10pt;">ertainment </font><font style="font-family: Arial; font-size: 10pt;">or </font><font style="font-family: Arial; font-size: 10pt;">hospitali</font><font style="font-family: Arial; font-size: 10pt;">ty with the purpose to obtain </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">type of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">improper advantage</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">In addition</font><font style="font-family: Arial; font-size: 10pt;">:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We do not accept</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">r gifts</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">presents </font><font style="font-family: Arial; font-size: 10pt;">in kind</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">the </font><font style="font-family: Arial; font-size: 10pt;">equivalent</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We do not accept</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">invitation</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">ticket</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;">, exce</font><font style="font-family: Arial; font-size: 10pt;">p</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;"> f</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">r</font><font style="font-family: Arial; font-size: 10pt;"> institu</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">iona</font><font style="font-family: Arial; font-size: 10pt;">l</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">sponsored events</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">of collective nature</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">with prior</font><font style="font-family: Arial; font-size: 10pt;"> consulta</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;"> o</font><font style="font-family: Arial; font-size: 10pt;">f</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">the immediate </font><font style="font-family: Arial; font-size: 10pt;">superior</font><font style="font-family: Arial; font-size: 10pt;">, who has the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">responsibility</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to assess the </font><font style="font-family: Arial; font-size: 10pt;">exist</font><font style="font-family: Arial; font-size: 10pt;">ence of a possible</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">conflict of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">interest</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">In case of doubt</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">please contact </font><font style="font-family: Arial; font-size: 10pt;">Ultra&#8217;s</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Compliance area</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">the </font><font style="font-family: Arial; font-size: 10pt;">Open Channel</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We comply with all legal provisions on the theme</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">PERSONAL RELATIONSHIP WITH CUSTOMERS</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">EXTERNAL REPRESENTATIVES</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">BUSINESS PARTNERS</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">SUPPLIERS</font><font style="font-family: Arial; font-size: 10pt;"> AND</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">SERVICE PROVIDERS</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We do not engage in private deals with </font><font style="font-family: Arial; font-size: 10pt;">customers</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">external representatives</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">business partners</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">suppliers</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">service providers</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">except for daily consumption</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">relations</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">provided that</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">there is</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">formal </font><font style="font-family: Arial; font-size: 10pt;">communication t</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;"> the </font><font style="font-family: Arial; font-size: 10pt;">im</font><font style="font-family: Arial; font-size: 10pt;">mediate superior</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Compliance area</font><font style="font-family: Arial; font-size: 10pt;">&#8217;s opinion</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;"> </font></li>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 36pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">We do not request from</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">customers</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">external representatives</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">business partners</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">suppliers</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">service providers</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">any </font><font style="font-family: Arial; font-size: 10pt;">favors, re</font><font style="font-family: Arial; font-size: 10pt;">ward</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">incentiv</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">nature</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in order to generate personal </font><font style="font-family: Arial; font-size: 10pt;">benefits</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">for us</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">for</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">external representatives</font><font style="font-family: Arial; font-size: 10pt;">.</font></li>
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<p style="margin: 0pt; text-align: justify; line-height: 1.1;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">MANAGEMENT OF THE CODE OF ETHICS</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.1;"><br><font style="font-family: Arial; font-size: 10pt;">CONDUCT COMMITTEE</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
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<p style="margin: 0pt; text-align: justify; line-height: 1.1;"><font style="font-family: Arial; font-size: 10pt;">The</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Conduct Committee</font><font style="font-family: Arial; font-size: 10pt;"> is a body related to the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Board of Directors</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> Ultrapar</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">which consists of an</font><font style="font-family: Arial; font-size: 10pt;"> independent</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">external President</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">as well as</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">four </font><font style="font-family: Arial; font-size: 10pt;">Executives</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">including</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Risk, Compliance and Audit Board of Executive Officers</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">(&#8220;DRCA&#8221;)</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> Thi</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> body</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">operationally supported by the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">DRCA</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">meets </font><font style="font-family: Arial; font-size: 10pt;">periodica</font><font style="font-family: Arial; font-size: 10pt;">lly with the following purposes, according to the </font><font style="font-family: Arial; font-size: 10pt;">intern</font><font style="font-family: Arial; font-size: 10pt;">al regulati</font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;">: </font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; line-height: inherit;">manage the application of the Code of Ethics, its guidelines and related policies</font><font style="font-family: Arial; font-size: 10pt; line-height: inherit;"><br></font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; line-height: inherit;">supervise the application and effectiveness of the Code of Ethics principles</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; line-height: inherit;">review and approve the Compliance and Ethics Program and supervise its application, in order to ensure compliance</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; line-height: inherit;">propose and evaluate new policies associated with the Code of Ethics, as well as propose changes to it and the policies currently in force associated with it</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; line-height: inherit;"> follow up investigations promoted by the DRCA</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; line-height: inherit;">recommend the appropriate disciplinary, administrative or judicial measures, related to a subject within its authority, to be adopted by Ultra Group&#8217;s bodies, as well as resolve on the need to report the matter to the Risk and Audit Committee or the Board of Directors of the Ultra Group for additional measures that may be applicable</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; line-height: inherit;">formally report the Committee&#8217;s resolutions to the Board of Directors in the most relevant cases</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; line-height: inherit;">forward to the Risk and Audit Committee and the Board of Directors annual reports describing their activities and those of the Ethics and Compliance Program, without prejudice to extraordinary reports, whenever necessary</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 107%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt; line-height: inherit;">answer questions about the application or interpretation of the Code of Ethics provisions, the policies adopted by Ultra Group and, in the areas of its authority, the law and the Regulation</font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">RISK, COMPLIANCE AND AUDIT </font><font style="font-family: Arial; font-size: 10pt;">DEPARTMENT</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The </font><font style="font-family: Arial; font-size: 10pt;">DRCA is responsible for</font><font style="font-family: Arial; font-size: 10pt;"> the following</font><font style="font-family: Arial; font-size: 10pt;">:</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Propo</font><font style="font-family: Arial; font-size: 10pt;">se</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">revi</font><font style="font-family: Arial; font-size: 10pt;">ew</font><font style="font-family: Arial; font-size: 10pt;"> policies rela</font><font style="font-family: Arial; font-size: 10pt;">ted to the</font><font style="font-family: Arial; font-size: 10pt;"> Program, </font><font style="font-family: Arial; font-size: 10pt;">as well as</font><font style="font-family: Arial; font-size: 10pt;"> coord</font><font style="font-family: Arial; font-size: 10pt;">inat</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> their</font><font style="font-family: Arial; font-size: 10pt;"> reco</font><font style="font-family: Arial; font-size: 10pt;">m</font><font style="font-family: Arial; font-size: 10pt;">menda</font><font style="font-family: Arial; font-size: 10pt;">tion by the</font><font style="font-family: Arial; font-size: 10pt;"> Conduct Committee</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">respectiv</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;"> approval </font><font style="font-family: Arial; font-size: 10pt;">by the</font><font style="font-family: Arial; font-size: 10pt;"> Board of Directors</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Guide and develop training topics for the Program</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Develop the Program&#8217;s corporate communication</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Manage Ultra Group&#8217;s Open Channel</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Condu</font><font style="font-family: Arial; font-size: 10pt;">ct</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">and/or</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">oversee the </font><font style="font-family: Arial; font-size: 10pt;">interna</font><font style="font-family: Arial; font-size: 10pt;">l investigation</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">at</font><font style="font-family: Arial; font-size: 10pt;"> Ultra Group</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Support</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">reco</font><font style="font-family: Arial; font-size: 10pt;">m</font><font style="font-family: Arial; font-size: 10pt;">mend delibera</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> consequ</font><font style="font-family: Arial; font-size: 10pt;">ence</font><font style="font-family: Arial; font-size: 10pt;">s</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Monitor</font><font style="font-family: Arial; font-size: 10pt;"> the</font><font style="font-family: Arial; font-size: 10pt;"> Program </font><font style="font-family: Arial; font-size: 10pt;">in all th</font><font style="font-family: Arial; font-size: 10pt;">e Business</font><font style="font-family: Arial; font-size: 10pt;">es</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Represent Ultra Group institu</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;">ional</font><font style="font-family: Arial; font-size: 10pt;">ly in the</font><font style="font-family: Arial; font-size: 10pt;"> Compliance</font><font style="font-family: Arial; font-size: 10pt;"> theme</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Follow up the </font><font style="font-family: Arial; font-size: 10pt;">development</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of the</font><font style="font-family: Arial; font-size: 10pt;"> activities </font><font style="font-family: Arial; font-size: 10pt;">of the</font><font style="font-family: Arial; font-size: 10pt;"> Compliance areas o</font><font style="font-family: Arial; font-size: 10pt;">f the</font><font style="font-family: Arial; font-size: 10pt;"> Business</font><font style="font-family: Arial; font-size: 10pt;">es</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Propo</font><font style="font-family: Arial; font-size: 10pt;">se improvement of the</font><font style="font-family: Arial; font-size: 10pt;"> Program</font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">BUSINESS COMPLIANCE AREA</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Business </font><font style="font-family: Arial; font-size: 10pt;">Compliance Areas are responsible for</font><font style="font-family: Arial; font-size: 10pt;">:</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Ensure the compliance with the</font><font style="font-family: Arial; font-size: 10pt;"> guidelines o</font><font style="font-family: Arial; font-size: 10pt;">f the</font><font style="font-family: Arial; font-size: 10pt;"> Program </font><font style="font-family: Arial; font-size: 10pt;">in the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">respective </font><font style="font-family: Arial; font-size: 10pt;">Business</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Implement</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">monitor</font><font style="font-family: Arial; font-size: 10pt;"> the adherence to this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">in the</font><font style="font-family: Arial; font-size: 10pt;"> Business</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Plan, </font><font style="font-family: Arial; font-size: 10pt;">develop</font><font style="font-family: Arial; font-size: 10pt;">, implement</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">execut</font><font style="font-family: Arial; font-size: 10pt;">e the</font><font style="font-family: Arial; font-size: 10pt;"> Program</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">it</font><font style="font-family: Arial; font-size: 10pt;">s controls </font><font style="font-family: Arial; font-size: 10pt;">in line with th</font><font style="font-family: Arial; font-size: 10pt;">e guidelines</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;"> and</font><font style="font-family: Arial; font-size: 10pt;"> the</font><font style="font-family: Arial; font-size: 10pt;"> risks </font><font style="font-family: Arial; font-size: 10pt;">of its</font><font style="font-family: Arial; font-size: 10pt;"> Business</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Ap</font><font style="font-family: Arial; font-size: 10pt;">ply and control the</font><font style="font-family: Arial; font-size: 10pt;"> training </font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Disclose the</font><font style="font-family: Arial; font-size: 10pt;"> Program </font><font style="font-family: Arial; font-size: 10pt;">in the</font><font style="font-family: Arial; font-size: 10pt;"> Business</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Ensure the conduction of </font><font style="font-family: Arial; font-size: 10pt;">Reputa</font><font style="font-family: Arial; font-size: 10pt;">tional Surveys according to this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Corporate Anticorruption Policy</font><font style="font-family: Arial; font-size: 10pt;"> and Relationship with the Public and Private Officers</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">A</font><font style="font-family: Arial; font-size: 10pt;">ssist the</font><font style="font-family: Arial; font-size: 10pt;"> Board of Executive Officers</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">f the</font><font style="font-family: Arial; font-size: 10pt;"> Business </font><font style="font-family: Arial; font-size: 10pt;">with</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">relevant </font><font style="font-family: Arial; font-size: 10pt;">Compliance </font><font style="font-family: Arial; font-size: 10pt;">aspects for decision making</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Evaluate the </font><font style="font-family: Arial; font-size: 10pt;">Program </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;"> the</font><font style="font-family: Arial; font-size: 10pt;"> Business</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Condu</font><font style="font-family: Arial; font-size: 10pt;">ct </font><font style="font-family: Arial; font-size: 10pt;">interna</font><font style="font-family: Arial; font-size: 10pt;">l investigation</font><font style="font-family: Arial; font-size: 10pt;">s </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;"> the</font><font style="font-family: Arial; font-size: 10pt;"> Business, </font><font style="font-family: Arial; font-size: 10pt;">as requested by</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">in</font><font style="font-family: Arial; font-size: 10pt;"> coord</font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">na</font><font style="font-family: Arial; font-size: 10pt;">tion with the</font><font style="font-family: Arial; font-size: 10pt;"> DRCA</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Periodically r</font><font style="font-family: Arial; font-size: 10pt;">eport</font><font style="font-family: Arial; font-size: 10pt;"> to the</font><font style="font-family: Arial; font-size: 10pt;"> DRCA </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> evolu</font><font style="font-family: Arial; font-size: 10pt;">tion of the</font><font style="font-family: Arial; font-size: 10pt;"> Program </font><font style="font-family: Arial; font-size: 10pt;">in the</font><font style="font-family: Arial; font-size: 10pt;"> Business</font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">OPEN CHANNEL</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">Ultra Group&#8217;s Open Channel </font><font style="font-family: Arial; font-size: 10pt;">is available to</font><font style="font-family: Arial; font-size: 10pt;"> any external or internal perso</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">to</font><font style="font-family: Arial; font-size: 10pt;"> clarify questions or report suspected violations of this Policy, as well as the Code of Ethics, other policies and internal rules, and the applicable legislation</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="margin: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Telephone</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">0800 701 7172</font></p>
<p style="margin: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Webs</font><font style="font-family: Arial; font-size: 10pt;">ite</font></p>
<p style="font-size: 11pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">www.canalabertoultra.com.br</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
<p style="margin: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Complaints or requests for guidance can be made anonymously, in order to protect the identity of the person who submitted them</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">It is forbidden to conduct </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> a</font><font style="font-family: Arial; font-size: 10pt;">c</font><font style="font-family: Arial; font-size: 10pt;">t</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">o</font><font style="font-family: Arial; font-size: 10pt;">f threat</font><font style="font-family: Arial; font-size: 10pt;">, intimida</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">retalia</font><font style="font-family: Arial; font-size: 10pt;">tion to </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">person who</font><font style="font-family: Arial; font-size: 10pt;">:</font></p>
<p style="margin: 0pt;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="font-family: Arial; font-size: 10pt;">i. </font><font style="font-family: Arial; font-size: 10pt;">r</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">ports</font><font style="font-family: Arial; font-size: 10pt;"> viola</font><font style="font-family: Arial; font-size: 10pt;">tion</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> of this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">of </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> o</font><font style="font-family: Arial; font-size: 10pt;">ther</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">policy</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">interna</font><font style="font-family: Arial; font-size: 10pt;">l regulation</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">legislation</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">applicable t</font><font style="font-family: Arial; font-size: 10pt;">o </font><font style="font-family: Arial; font-size: 10pt;">Ultra Group</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">and/or&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">ii. </font><font style="font-family: Arial; font-size: 10pt;">reports doubts, suspicions</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">concerns </font><font style="font-family: Arial; font-size: 10pt;">in relation to</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">this m</font><font style="font-family: Arial; font-size: 10pt;">a</font><font style="font-family: Arial; font-size: 10pt;">tter&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">The</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Channel</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">is</font><font style="font-family: Arial; font-size: 10pt;"> opera</font><font style="font-family: Arial; font-size: 10pt;">te</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> by</font><font style="font-family: Arial; font-size: 10pt;"> independent</font><font style="font-family: Arial; font-size: 10pt;"> company</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">all reports are checked with </font><font style="font-family: Arial; font-size: 10pt;">independence </font><font style="font-family: Arial; font-size: 10pt;">and </font><font style="font-family: Arial; font-size: 10pt;">dilig</font><font style="font-family: Arial; font-size: 10pt;">ence</font><font style="font-family: Arial; font-size: 10pt;">.&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">It is every </font><font style="font-family: Arial; font-size: 10pt;">employee</font><font style="font-family: Arial; font-size: 10pt;">s&#8217;</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">duty to immediately inform </font><font style="font-family: Arial; font-size: 10pt;">any</font><font style="font-family: Arial; font-size: 10pt;"> susp</font><font style="font-family: Arial; font-size: 10pt;">icion of</font><font style="font-family: Arial; font-size: 10pt;"> viola</font><font style="font-family: Arial; font-size: 10pt;">tion of this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Policy</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">any other </font><font style="font-family: Arial; font-size: 10pt;">policies</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">procedure</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">applicable </font><font style="font-family: Arial; font-size: 10pt;">laws</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">through the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Open Channel</font><font style="font-family: Arial; font-size: 10pt;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">VIOLATION OF THE CODE OF ETHICS</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">All the </font><font style="font-family: Arial; font-size: 10pt;">professionals</font><font style="font-family: Arial; font-size: 10pt;"> of Ultra</font><font style="font-family: Arial; font-size: 10pt;"> Group</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">shoul</font><font style="font-family: Arial; font-size: 10pt;">d</font><font style="font-family: Arial; font-size: 10pt;"> adhere to this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code of Ethics and </font><font style="font-family: Arial; font-size: 10pt;">to the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">respective </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">Policies</font><font style="font-family: Arial; font-size: 10pt;">, inclu</font><font style="font-family: Arial; font-size: 10pt;">ding the</font><font style="font-family: Arial; font-size: 10pt;"> re</font><font style="font-family: Arial; font-size: 10pt;">port of any</font><font style="font-family: Arial; font-size: 10pt;"> viola</font><font style="font-family: Arial; font-size: 10pt;">tions in the work </font><font style="font-family: Arial; font-size: 10pt;">environment</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">Any</font><font style="font-family: Arial; font-size: 10pt;"> prof</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">ssional </font><font style="font-family: Arial; font-size: 10pt;">who</font><font style="font-family: Arial; font-size: 10pt;"> viol</font><font style="font-family: Arial; font-size: 10pt;">at</font><font style="font-family: Arial; font-size: 10pt;">es </font><font style="font-family: Arial; font-size: 10pt;">the provisions </font><font style="font-family: Arial; font-size: 10pt;">of this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code of Ethics and </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">respective </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">Policies</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">i</font><font style="font-family: Arial; font-size: 10pt;">n</font><font style="font-family: Arial; font-size: 10pt;"> this</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">document</font><font style="font-family: Arial; font-size: 10pt;">,</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">principle</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">standards of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">conduct</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">adopted by them</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">is</font><font style="font-family: Arial; font-size: 10pt;"> su</font><font style="font-family: Arial; font-size: 10pt;">bject to </font><font style="font-family: Arial; font-size: 10pt;">disciplinar</font><font style="font-family: Arial; font-size: 10pt;">y m</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">asure</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> such </font><font style="font-family: Arial; font-size: 10pt;">as:</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">W</font><font style="font-family: Arial; font-size: 10pt;">arnings</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Suspension</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Sanctions, including financial penalty</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Dismissal</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Arial; font-size: 10pt;">Applicable legal measures</font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">IN CASE OF DOUBT</font><font style="font-family: Arial; font-size: 10pt;"> </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">This</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">eks to </font><font style="font-family: Arial; font-size: 10pt;">estab</font><font style="font-family: Arial; font-size: 10pt;">lish the general</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">guidelines</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">on the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">values</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">expected</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">behavior</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">of</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">our</font><font style="font-family: Arial; font-size: 10pt;"> p</font><font style="font-family: Arial; font-size: 10pt;">u</font><font style="font-family: Arial; font-size: 10pt;">blic</font><font style="font-family: Arial; font-size: 10pt;">. </font><font style="font-family: Arial; font-size: 10pt;">In case of doubt</font><font style="font-family: Arial; font-size: 10pt;">, </font><font style="font-family: Arial; font-size: 10pt;">please contact Ultra&#8217;s</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Compliance area</font><font style="font-family: Arial; font-size: 10pt;"> or </font><font style="font-family: Arial; font-size: 10pt;">the </font><font style="font-family: Arial; font-size: 10pt;">Open Channel</font><font style="font-family: Arial; font-size: 10pt;">.</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">The adoption of the</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">Code of Ethics</font><font style="font-family: Arial; font-size: 10pt;"> </font><font style="font-family: Arial; font-size: 10pt;">does </font><font style="font-family: Arial; font-size: 10pt;">no</font><font style="font-family: Arial; font-size: 10pt;">t </font><font style="font-family: Arial; font-size: 10pt;">e</font><font style="font-family: Arial; font-size: 10pt;">xhau</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;">t the ethical themes</font><font style="font-family: Arial; font-size: 10pt;"> and </font><font style="font-family: Arial; font-size: 10pt;">expected </font><font style="font-family: Arial; font-size: 10pt;">behavior</font><font style="font-family: Arial; font-size: 10pt;">s</font><font style="font-family: Arial; font-size: 10pt;">.&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 10pt;">&nbsp;</font></p>
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<p style="font-size: 14pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">SIGNATURES</font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><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.&nbsp;&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'times new roman', times;">Date: March 18, 2022</font><font style="font-family: 'Century Gothic';"><font style="font-family: 'times new roman', times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font></p>
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<p style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><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 style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><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 style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><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 style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><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="font-size: 9pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic;">(</font><font style="font-style: italic;">Corporate policy on anti-corruption and the relationship with the public and private sector</font><font style="font-style: italic;">, </font><font style="font-style: italic;">Code of Ethics</font><font style="font-style: italic;">)</font></font></p>
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